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Thread: More Democrats break with Obama on tax cuts

  1. #311
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by liblady View Post
    i believe i asked first. but this is typical, everybody says cut spending, but NOBODY will be specific. pisses me off.
    I was specific. It's your turn to be specific and show all the beneficial spending that stealfromus money has been spent on, because I think the entire trillion+ dollars has been a complete waste our our money.

    I could also throw union bailouts in there, car company buyouts, bank bailouts, subsidies for the non-existent, "green industry".
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    Maybe a little, but the budget is huge. Larger budget items like military spending have to be tackled to make any real difference. Even if we cut out all smaller itemas altogether.

    ■Defense and security: In 2010, some 20 percent of the budget, or $715 billion, will pay for defense and security-related international activities. The bulk of the spending in this category reflects the underlying costs of the Department of Defense and other security-related activities. The total also includes the cost of supporting operations in Iraq and Afghanistan, which is expected to total $172 billion in 2010.
    ■Social Security: Another 20 percent of the budget, or $708 billion, will pay for Social Security, which provided retirement benefits averaging $1,117 per month to 36 million retired workers (and their eligible dependents) in December 2009. Social Security also provided survivors’ benefits to 6.4 million surviving children and spouses of deceased workers and disability benefits to 9.7 million disabled workers and their eligible dependents in December 2009.

    Policy Basics: Where Do Our Federal Tax Dollars Go? — Center on Budget and Policy Priorities
    As far as SS goes, there are too many people drawing more than what they paid in. That needs to stop. People who are getting SS that never paid in a dime, needs to end, as well.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  3. #313
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by apdst View Post
    As far as SS goes, there are too many people drawing more than what they paid in. That needs to stop. People who are getting SS that never paid in a dime, needs to end, as well.
    Good luck with that. Want to bet that the first politician who makes that reality isn't elected next cycle?

    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: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    Good luck with that. Want to bet that the first politician who makes that reality isn't elected next cycle?
    that's why we really, really, really, really, need term limits for congress. too many of those ****tards in congress don't give a rat's ass about anything except getting reelected. take that out of the equation and we might get better results.
    The best argument against democracy is a five-minute conversation with the average voter.

    An appeaser is one who feeds a crocodile, hoping it will eat him last.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by OscarB63 View Post
    that's why we really, really, really, really, need term limits for congress. too many of those ****tards in congress don't give a rat's ass about anything except getting reelected. take that out of the equation and we might get better results.
    term limits won't fix the fundamental problem. The people don't want this done away with. if the people are going to be ignored completely, we might as well have a dictator or system that gives no voice to the people. Because when we get down to it, the people are the problem. Our foundig fathers knew we needed a voice, but didn't allow people total say, which is why only congress represents us. But what you suggests seems like an effort to remove the people from the process altogether.

    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: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    Business always has overhead, which includes taxes...
    Quote Originally Posted by apdst View Post
    If profits are down, and you agree that increased taxes means increased overhead, then that will cause profits to go down farther, making it harder to keep salaries at their current levels and keeping people employed.
    Quote Originally Posted by Boo Radley View Post
    No, I don't agree. The increase in overhead will be marginal at worse. There would be no reason for it to effect anything at all. There will be, just as it has been in the past, no notice effect on employment either way.
    Now you're just arguing with yourself, so there's no point in us arguing with you.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    Most of that has already been addressed by the fact that they are in business right now in the first place. but it is me who is looking at the overall picture and not your side. I have not made the claim that there are no other factors other than taxes. That's your side. I say there are other factors, and offer up supply and demand as being more important than taxes by an overwhelming margin. Supply and demand determine more than taxes ever could. When people spend, someone finds a way to sell. And taxes mean little to next to nothing to that.

    All evidence shows that a tax cut will not increase jobs and a tax hike will not hinder jobs. Taxes play no noticable role in business by all the avaible historical information. And that is the point. Business will adjust to a tax rate. They have to downsize or change if no one is spending.
    Ok. I'll bite. Since supply and demand is more important in determining job growth than taxes (which I don't necessarily disagree with), what would be your public policy plan to increase demand?

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by liblady View Post
    cut what, exactly? thanks.
    Start with all programs that pay people not to work, then take a hatchet to the federal bureaucracy and go to town. 10% across the board would be a good start.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    term limits won't fix the fundamental problem. The people don't want this done away with. if the people are going to be ignored completely, we might as well have a dictator or system that gives no voice to the people. Because when we get down to it, the people are the problem. Our foundig fathers knew we needed a voice, but didn't allow people total say, which is why only congress represents us. But what you suggests seems like an effort to remove the people from the process altogether.
    The mailbox lizards don't want this done away with. The rest of us, do. I think we're going to see a huge change in the American political change over the next five years.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  10. #320
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    All evidence shows that a tax cut will not increase jobs and a tax hike will not hinder jobs. Taxes play no noticable role in business by all the avaible historical information. And that is the point. Business will adjust to a tax rate. They have to downsize or change if no one is spending.
    I agree, but people won't start spending again until the media stops scaring them with gloom and doom...

    ricksfolly

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