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Thread: Repay Obama tax credit ?

  1. #21
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    Re: Repay Obama tax credit ?

    Quote Originally Posted by obvious Child View Post
    And the whole piss fight about degrees doesn't help when you cannot define what a loan is.
    This isn't a "piss" fight; it was a valid question to ascertain where you gained all this financial expertise to presume to lecture me and insult me about my knowledge of Finance, the economy and Government Debt and to falsely accuse me of not knowing what a loan is.

    Is it really that hard to say?

    Are you seriously attempting to assert that I don't know what a loan is? That's patently absurd in and of itself.

    How many houses have you financed in your life by the way? How many Real Estate deals have you done in your life? How long have you been in the workforce? What is your degree in?

    Your weak ineffectual outbursts attempting to insult my education and intelligence speak volumes to your inability to grasp the ineptness of your arguments.

  2. #22
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    Re: Repay Obama tax credit ?

    Quote Originally Posted by WillRockwell View Post
    this is a misleading article with an inflammatory headline.
    Agreed. And is this the President's fault or just one more reason to revise the tax code?

  3. #23
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    Re: Repay Obama tax credit ?

    OC and TD, relax!

    I think you're both right in your own way. Right now, our government needs to borrow money to help us get out of this debt mess. We have so many big money corporations struggling right now, some on the verge of folding, that they need to rethink and retool in order to remain viable. And since the traditional ways of getting credit just isn't there right now, all these corporations really have is the government to turn to in order to keep them afloat. So, this country will have a hugh debt to repay over a long time. I accept that.

    In attempting to stave off a total economic collapse, our government is essentially trying to do two things: 1) keep big business IN business (bailouts), and 2) stimulate the economy through tax cuts. If our government can keep companies viable, this country stands a chance to remain competitive on a global scale. Thus, our economy can recover. And with a recovery comes tax revenue. Without jobs, there is no tax base and this is regardless if small businesses are taxed or not, regardless of top down economics.

    I've heard all the arguments and I still believe that the economic divide has become too vast for too long. The middle-class may not pay the bulk in taxes as a whole, but we are the "blue collar" tax base for this country, not the other way around. It's a Catch 22 this country is in. Without Corporate American, hundreds of thounds of jobs will be lost. Without jobs, the working class people of American can't pump money into the economy. With a weak economy, there is no tax base. With no tax base, the country becomes weaker.

    So, to both of you, Obvious Child and Truth Detector, you're both right.
    Last edited by Objective Voice; 05-01-09 at 10:10 PM.

  4. #24
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    Re: Repay Obama tax credit ?

    Quote Originally Posted by Truth Detector View Post
    Good lord, only someone like you could be nave enough to think that the CONGRESSIONAL Budget Office makes accurate predictions and analysis.
    One has to wonder if you bothered to read what I wrote.

    Does it occur to you as odd that they would argue that it is not increased spending that causes deficits but lack of revenue?
    LOL. That is the same thing. Especially in the context of tax cuts.

    Heres a clue for you; go to this link of the CBOs projections in 1999 for a reality check on the accuracy of their projections and estimates.
    Weak argument. The CBO projections were based on holding all factors the same. It's a poor counterargument to CBO analysis of historical information. Trying to argue that poor projection models = bad analysis of historical information is comparing apples and oranges.

    Your argument means nothing. You have not addressed how the CBO accurately analysized historical data showing you are in fact wrong. You claimed that the tax cuts did not increase the deficit. The CBO clearly shows you are dead wrong. Furthermore, you tried a half baked attempt to argue that apples = oranges.

    You are wrong about the deficits. How about you just admit it?

    Good lord, one could explain it ad nausea and you would come back with the same trite uninformed arguments as before.
    TD failing to refute a rebuttal? TD failing to actually produce an argument? TD calling everything that refutes his beliefs "trite?"

    Is that suppose to be news?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  5. #25
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    Re: Repay Obama tax credit ?

    Quote Originally Posted by Truth Detector View Post
    This isn't a "piss" fight; it was a valid question to ascertain where you gained all this financial expertise to presume to lecture me and insult me about my knowledge of Finance, the economy and Government Debt and to falsely accuse me of not knowing what a loan is.
    Doesn't matter. You failed to do exactly what I claimed you failed to you. It doesn't matter if I have a degree at all. The issue is the actual argument. Notice you are trying to use the fallacy of poisoning the wells rather than actually discuss what someone wrote.

    Are you seriously attempting to assert that I don't know what a loan is? That's patently absurd in and of itself.
    You disagreed with my assertion that contemporary tax cuts and credits are loans.

    Since they qualify as I explained and as you failed to refute, you must think that they aren't loans.

    Ah, more attempts at character assassination. So if someone mentally insane said that 2+2 = 4 they are wrong because they are mentally insane?

    Deal with the argument for a change TD instead of trying to attack the person as your sole method of argumentation.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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