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Thread: Obama to Unveil an Ambitious Budget Plan

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    Obama to Unveil an Ambitious Budget Plan

    Obama to Unveil an Ambitious Budget Plan

    Reducing the deficit, he said, is critical to the nation's future: "We can't generate sustained growth without getting our deficits under control."

    In addition to tackling a deficit swollen by the $787 billion stimulus package and other efforts
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    Re: Obama to Unveil an Ambitious Budget Plan

    Give with one hand, take with other.

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    Re: Obama to Unveil an Ambitious Budget Plan

    History teaches that when the economy is hurting, the best recourse is lower taxes (promotes growth and job creation) and lower spending.

    Obama's going with that OTHER tactic, spend money you don't have on government, and tax the priavte sector to pay for it. I'm sure we're all aware that history shows such tactics do little to help a recession... oh well, Time to start the Misery Index back up.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Obama to Unveil an Ambitious Budget Plan

    Quote Originally Posted by MrVicchio View Post
    History teaches that when the economy is hurting, the best recourse is lower taxes (promotes growth and job creation) and lower spending.

    Obama's going with that OTHER tactic, spend money you don't have on government, and tax the priavte sector to pay for it. I'm sure we're all aware that history shows such tactics do little to help a recession... oh well, Time to start the Misery Index back up.
    I'm still waiting for the Bush tax cuts to start working.
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    Re: Obama to Unveil an Ambitious Budget Plan

    Quote Originally Posted by Hatuey View Post
    I'm still waiting for the Bush tax cuts to start working.
    You're a partisan, you'll never admit the good they did, nor will you be able to say "Oh damn, this Obama thing ain't working...."
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Obama to Unveil an Ambitious Budget Plan

    How the hell does any of this decrease the deficit? Is there something Im not seeing?
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    Re: Obama to Unveil an Ambitious Budget Plan

    Quote Originally Posted by MrVicchio View Post
    You're a partisan
    Rich.

    , you'll never admit the good they did, nor will you be able to say "Oh damn, this Obama thing ain't working...."
    What good did they do? And where can we see this 'good' at work today?
    Last edited by Hatuey; 02-21-09 at 07:19 PM.
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    Re: Obama to Unveil an Ambitious Budget Plan

    Quote Originally Posted by Hatuey View Post
    What good did they do? And where can we see this 'good' at work today?
    If equal reductions in spending had occurred then the positive would be blindingly obvious.

    Everyone who payed taxes saw a reduction in their tax rates because of those tax cuts.

    For lower income people that frees up more money for lifestyle spending or necessities.
    How can you consider that bad?
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    Re: Obama to Unveil an Ambitious Budget Plan

    Quote Originally Posted by zimmer View Post
    I'd like to also add that we have the second highest corporate tax rate in the world, so it is not all that great an idea for sure.

    If we lowered our taxes we just might get more foreign investment, but logic generally escapes this administration it seems.
    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

    Quote Originally Posted by Hatuey View Post
    I'm still waiting for the Bush tax cuts to start working.
    I guess you did not like the foundation Reagan created from the mess we inherited from Carter? Or the tax cuts that kept the recession shallow. A recession that made things a bit shaky after 911.

    The situation Reagan inherited is similar to the one we have today (it's nothing close to The Depression), the catalyst again is the intrusion of government into the market. Into our lives and business environment.

    This time the catalyst comes via the Democrats pet slush fund and social engineering scheme... forcing banks to make bad loans.

    Reagan's actions provided the foundation for 25-years of growth.
    Americans did the rest.

    Now, there is a fork in the road, the path to prosperity and a faster recovery (Reagan/Smith/Freidman/von Mises/Hayek/Founding Fathers Path) or the path to stagnation, inflation, nationalization and delayed recovery (ObaMarx/Carter).
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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