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Thread: The Tax Tsunami On The Horizon

  1. #61
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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by disneydude View Post
    The facts speak for themselves TD....you exposed your true agenda and now you are running from it.

    You want America to fail just so you can "payback" Obama and the Democrats for what "they did to W".....

    Like I said....a Zebra can't hide its stripes and you made your motivation clear in page 1 of this thread. There isn't any more to say.
    do you realize how juvenile your pronouncements are concerning what you FEEL my motivations are?

    is this your way of engaging in escape and evasion?



  2. #62
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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by Rightwingnutjob View Post
    That says nothing. U.S. Health care would be substantially cheaper if people weren't allowed to sue doctors willy-nilly over nothing and if competition was opened up between state lines. Your link says nothing regarding private vs. socialized health care.

    Edit: And wikipedia is a bad source. I could go on there and write, "Gabriel is poop." Would that make it true?
    Not much. Many states have tort reform without any noticable decrease in cost. So, some evidence that it would be cheaper would be nice.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by Reverend_Hellh0und View Post
    blah blah blah "inheriting".... when does he have to take responsibility for his bailouts, and his policies? I am not saying bush did any better, but to sit here and claim simple "inheritance" reeks to me.
    It was here before he took office. That's just a fact. No president controls the economy, but let's not blame him for decades of work that happened long before Obama became president.


    BTW, didn't Obama say he let the Bush tax cuts expire?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by Boo Radley View Post
    Not much. Many states have tort reform without any noticable decrease in cost. So, some evidence that it would be cheaper would be nice.
    The fact is America has one of the worst public health systems in the world.. it pays more for it and it doesn't even cover everyone. This is not rocket science. How many bankruptcies in the US are attributed to healthcare costs?

  5. #65
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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by Reverend_Hellh0und View Post
    blah blah blah "inheriting".... when does he have to take responsibility for his bailouts, and his policies? I am not saying bush did any better, but to sit here and claim simple "inheritance" reeks to me.
    His bailouts likely saved millions of jobs, direct and indirect. And the stimulus was nothing more then spending and tax cuts. While (for the 5th time), I don't think the stimulus did all that much, it did help. Less taxes and more demand is better then higher taxes and less demand. Furthermore, that $50 trillion in unfunded liabilities was started well before Obama or Bush were born.

    And I think you did not notice my key part. The problem isn't Obama or even Congress. It's the voting populace. We are not willing to make drastic cuts in the military, medicare and Social Security. And we will evict anyone in Congress who seriously tries to do just that. So it's not surprising why we haven't seen real reform to any of the three. True, Gates did manage to pull off significant cuts to the military, but not like Reagan and Bush Sr's base cutting.

    Furthermore, cutting taxes and boosting spending will not stop a financial/liquidity crisis. It did not stop Mexico's. It did not stop Russia's. It did not stop South Korea's. China in the 1990s Asian Crisis was largely unscathed due to large foreign reserves at the state's capacity to directly lend. Real, actual Socialism does work to stop financial crisis if the state is willing to lend out at the rates necessary to compensate and if it has sufficiently large capital reserves. But that sets a nation up for bigger problems down the line. South Korea got over its problem by some state backed lending as well as focus on exports to boost capital reserves. We cannot do that as an importer nation. Furthermore, Mexico only survived because of a massive US bailout with extreme interest rates. No one lent real help to Russia and they were a literal sh*t hole for a decade. There are no good tools available to combat a liquidity/financial crisis. Bush cut taxes and boosted spending. It failed. Obama cut taxes and boosted spending. It largely failed. Applying the wrong tools does not suggest success is a likely outcome.

    And again, take away the ENTIRE additional debt and deficits post 9/11 and we are still boned. You need to get that through your mind.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by Boo Radley View Post
    It was here before he took office. That's just a fact. No president controls the economy, but let's not blame him for decades of work that happened long before Obama became president.
    Pay attention, I'm not saying he's all to blame, but he's doubled down on a pair of kings.

    BTW, didn't Obama say he let the Bush tax cuts expire?

    That and the additional taxes will further stall the economy...
    Let evil swiftly befall those who have wrongly condemned us

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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by obvious Child View Post
    His bailouts likely saved millions of jobs, direct and indirect. And the stimulus was nothing more then spending and tax cuts. While (for the 5th time), I don't think the stimulus did all that much, it did help. Less taxes and more demand is better then higher taxes and less demand. Furthermore, that $50 trillion in unfunded liabilities was started well before Obama or Bush were born.

    And I think you did not notice my key part. The problem isn't Obama or even Congress. It's the voting populace. We are not willing to make drastic cuts in the military, medicare and Social Security. And we will evict anyone in Congress who seriously tries to do just that. So it's not surprising why we haven't seen real reform to any of the three. True, Gates did manage to pull off significant cuts to the military, but not like Reagan and Bush Sr's base cutting.

    Furthermore, cutting taxes and boosting spending will not stop a financial/liquidity crisis. It did not stop Mexico's. It did not stop Russia's. It did not stop South Korea's. China in the 1990s Asian Crisis was largely unscathed due to large foreign reserves at the state's capacity to directly lend. Real, actual Socialism does work to stop financial crisis if the state is willing to lend out at the rates necessary to compensate and if it has sufficiently large capital reserves. But that sets a nation up for bigger problems down the line. South Korea got over its problem by some state backed lending as well as focus on exports to boost capital reserves. We cannot do that as an importer nation. Furthermore, Mexico only survived because of a massive US bailout with extreme interest rates. No one lent real help to Russia and they were a literal sh*t hole for a decade. There are no good tools available to combat a liquidity/financial crisis. Bush cut taxes and boosted spending. It failed. Obama cut taxes and boosted spending. It largely failed. Applying the wrong tools does not suggest success is a likely outcome.

    And again, take away the ENTIRE additional debt and deficits post 9/11 and we are still boned. You need to get that through your mind.


    wait, what jobs has he created?
    Let evil swiftly befall those who have wrongly condemned us

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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by Reverend_Hellh0und View Post
    wait, what jobs has he created?
    Are you going to be a partisan hack about this or discuss like an intelligent adult?

    Based on your last two responses, it doesn't look like you are even reading half of the posts. I'm not going to waste my time if you are not willing to discuss in a mature fashion.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by obvious Child View Post
    Are you going to be a partisan hack about this or discuss like an intelligent adult?

    Based on your last two responses, it doesn't look like you are even reading half of the posts. I'm not going to waste my time if you are not willing to discuss in a mature fashion.

    So you won't articulate what jobs he has created, saved, etc. and instead reduce yourself to name calling and personal attacks. Noted.
    Let evil swiftly befall those who have wrongly condemned us

  10. #70
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    Re: The Tax Tsunami On The Horizon

    Quote Originally Posted by Reverend_Hellh0und View Post
    Pay attention, I'm not saying he's all to blame, but he's doubled down on a pair of kings.




    That and the additional taxes will further stall the economy...
    Not sure he's been any worse than any other president. And no, historically you can chart taxes and the economy and see no corralation between taxes and the economy. We've seen good times with high taxes and bad times with low taxes and vise versa. Business is more dependent on other factors than taxes. Many years ago I looked up such a chart and posted it on another forum. Not inclined to take the time today, but I'm sure you're capable if you want to see it. Too often people accept something as true because it sounds true.

    And if government was really doing it's job, it would both cut programs and raise taxes. Anyone who bought into the Bush tax cut and spend policy was really fooling themselves.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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