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Thread: Volcker: Taxes likely to rise eventually to tame deficit

  1. #121
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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by texmaster View Post
    Not just an adviser, chairman of the President's Economic Recovery Advisory Board

    This guy would never say this in public without Obama's permission
    Yes he would

    Volcker is not some lacky, he wasnt a lacky when he was fed chairman, and I doubt he is a lacky now

    That said he is correct in that taxes are going to have to rise to tame the deficit
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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Just another tick on Obama's clock to propose a VAT. Just watch - his deficit reduction commission will undoubtedly propose a VAT to pay for increased spending.

    It's cming folks. And don't expect a cut in income or the corporate tax.

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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by Erod View Post
    No, it is an accepted fact by anyone who's bothered to research it.

    World War II, and the massive transfer of wealth to the United States during the reconstruction of Europe, is what made us the most powerful nation in the world.
    source, please.....
    Most of Europe never paid back the money lent to them by the USA....
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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by Goobieman View Post
    Still confused about the difference between Republicans and conservatives, I see.
    correct, I should have said republicans....
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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by Lord Tammerlain View Post
    Yes he would

    Volcker is not some lacky, he wasnt a lacky when he was fed chairman, and I doubt he is a lacky now

    That said he is correct in that taxes are going to have to rise to tame the deficit
    Oh come on. He's in the Obama administration.

    If he went on his own they would have denied he holds the same vision as the adminstration.

    And they haven't have they?

    This was a test to see how people would react to yet another new tax.

    If you really believe he acted on his own you are fooling yourself.
    Last edited by texmaster; 04-10-10 at 01:47 PM.
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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by texmaster View Post
    Oh come on. He's in the Obama administration.

    If he went on his own they would have denied it.

    And they haven't have they?
    And he was in the Reagan admin as well

    He was the one to tame inflation in the early 80's by raising short term interest rates to extreme levels
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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by Lord Tammerlain View Post
    And he was in the Reagan admin as well

    He was the one to tame inflation in the early 80's by raising short term interest rates to extreme levels
    How does that change anything? He's in this administration now and there is no way that he would propose something like that without consent and to believe he would and they wouldn't correct him if he didn't share their views is really naive.
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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by texmaster View Post
    Volcker, answering a question from the audience at a New York Historical Society event, said the value-added tax "was not as toxic an idea" as it has been in the past and also said a carbon or other energy-related tax may become necessary.

    Though he acknowledged that both were still unpopular ideas, he said getting entitlement costs and the U.S. budget deficit under control may require such moves. "If at the end of the day we need to raise taxes, we should raise taxes," he said.


    But..... the hope and change Obama promised us no new taxes for anyone making under 250k

    How many lies are we up to now? I lost count when it hit triple figures.

    Volcker: Taxes likely to rise eventually to tame deficit | Reuters
    Harry G's post #2 alludes to an important fact that makes Volcker's call on entitlement costs worthless. Progressives have far too many "entitlements" to give the nation. They have no intention of "getting costs under control" if "control" is defined to mean reduction of cost. They plan on spending on an ever-increasing curve, and the only answer is to raise revenues.

    And a carbon tax?!!? My god...how can America allow itself to fall prey to such a stupid and fraudulent issue?! How is it my generation could produce so many fools?!?!

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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by USA-1 View Post
    I was in the financial sector for ten years and in the housing industry for the last 25. I saw exactly what Bush and Greenspan were doing when they were doing it. That is the reason I pulled all my money out of equities right before the crash. Did you? Many people predicted the collapse of the housing sector. I was one of them.

    I am dead on in my interpretation of what happened. I was part of it. Were you? Or do you get all your information from blogs?
    Nope, My brother is a principal in a major investment counsel and a summa cum laude from one of the top business schools in the nation. My late father was a director of three fortune 500 companies among several other companies he served on the boards of as well as the one he was CEO of. My brother predicted Enron was a house of cards three years before it collapsed and saw the housing and banking sectors as bad investments as well.

    And yes most of our problems are built on a foundation of an over expansive government involved in way too many areas that it was never intended to be in. Your interpretation may be right but it does not encompass enough of the history leading up to it



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    Re: Volcker: Taxes likely to rise eventually to tame deficit

    Quote Originally Posted by texmaster View Post
    How does that change anything? He's in this administration now and there is no way that he would propose something like that without consent and to believe he would and they wouldn't correct him if he didn't share their views is really naive.
    Well, allegedly, Holder made the decision all by himself to transfer KSM to civilian control and prosecute him in civilian courts.

    So having another Obama appointee go out with this on his own ain't a stretch, is it?


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