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Thread: Obama to Unveil an Ambitious Budget Plan

  1. #21
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    Re: Obama to Unveil an Ambitious Budget Plan

    Quote Originally Posted by Hatuey View Post
    So then nobody can show me the effects of the tax cuts? I guess tax cuts are one notch bellow creationism. At least they try to find some sort of evidence for their claims.
    Here is another one.

    Bush Tax Cuts Increased Tax Base, Study Says - August 28, 2008 - The New York Sun
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
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    Re: Obama to Unveil an Ambitious Budget Plan

    Is it a problem to have an Ambitious budget plan?
    I'd rather there being something remotely resembling a plan, than nothing at all. I bet that would make for a good thread: "Obama: No Plan, Our Economy is SOOO Screwed, LOL".
    "I do not underestimate the ability of fanatical groups of terrorists to kill and destroy, but they do not threaten the life of the nation. Whether we would survive Hitler hung in the balance, but there is no doubt that we shall survive al-Qa'ida." -- Lord Hoffmann

  3. #23
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    Re: Obama to Unveil an Ambitious Budget Plan

    Quote Originally Posted by Arch Enemy View Post
    Is it a problem to have an Ambitious budget plan?
    I'd rather there being something remotely resembling a plan, than nothing at all. I bet that would make for a good thread: "Obama: No Plan, Our Economy is SOOO Screwed, LOL".
    It is not really that but he plans on raising taxes to cover some things.

    The best bet would be to keep taxes the same and cut spending across the board.

    After the reduction in debt he could then look to cut taxes even further. We are loosing our competitive edge in the taxes field.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  4. #24
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    Re: Obama to Unveil an Ambitious Budget Plan

    Quote Originally Posted by Hatuey View Post
    So then you can not show where I can see these tax cuts at work today?
    Sure, I'll give you an example. My dad got a tax cut from Bush and used that money to buy things for his business and family. Multiply that by a few million and you'll have a general idea of how they are working.

    But this misses the point: there are a multitude of variables that could offset the effects of these tax cuts, thus making it nearly impossible to identify the specific consequences they are having on the economy.

    Example

    Effect: The tax cut permits a business owner in Indiana to expand his operation.

    Offset: A house is burned down in a California wild-fire.


    Multiply these variations by a billion and perhaps you'll understand why asking a linear question about a nonlinear system makes no sense.

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