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Thread: More Democrats break with Obama on tax cuts

  1. #61
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Gill View Post
    You are right... I am not pro-life. Never have been. So there is no hypocrisy on my part.
    Then no one was talking to you, right?

    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
    Then no one was talking to you, right?
    Ahh, so I'm not allowed to voice my opinion??? Got it.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Gill View Post
    Ahh, so I'm not allowed to voice my opinion??? Got it.
    No, didn't say that. Just noting you weren't the person being counted as hypocritical on this issue. However, I suspect most of us are hypocritical somewhere in our lives.

    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.

  4. #64
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    When would be the right time to raise taxes? There is no evidence that not raising them will help jobs. In fact, someone has a link to a study showing that it wouldn't. But not taxing will add to the debt. So, logically, based on this, what should we do? How much do we really care about the deficit?
    Government cash infusion into companies doesn't guarantee more jobs. That decision has to be made by the company brass. New cash would probably be used to pay pressing bills.

    ricksfolly

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by BCR View Post
    14 trillion dollars now, right? We can't have our cake and eat it to...we are gonna have to start forking out the dough eventually.
    Not at all. FY2011 can be balanced w/o a single tax increase.

  6. #66
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Gill View Post
    Yeah, life in the U.S. under Carter was a dream. Speaking of owning a home, almost no one could afford one during the Carter years because the interest rate was over 15%. I was able to buy my first house after Reagan's policies finally made home ownership possible.

    You really believe lower taxes don't increase tax revenues??? It was a fact under Reagan:

    Attachment 67112373
    Yep, Carter's years of Stagflation were great for those who had rental properties. They'd be great now too, except Obama has made the market so muddy you don't know what the hell is going to happen.

    Now's the time to buy if you have a secure job, but going beyond that is a tough call... like most businesses today... you just don't know what hair brain scheme Obama is going to pop out next.

    Should the R's win both chambers, we'll have a little clearer view of the future.

    .
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  7. #67
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by zimmer View Post
    Yep, Carter's years of Stagflation were great for those who had rental properties. They'd be great now too, except Obama has made the market so muddy you don't know what the hell is going to happen.

    Now's the time to buy if you have a secure job, but going beyond that is a tough call... like most businesses today... you just don't know what hair brain scheme Obama is going to pop out next.

    Should the R's win both chambers, we'll have a little clearer view of the future.

    .
    Bingo !! You nailed it. Businesses are not spending money now or hiring because they are afraid of what's around the corner. With this administration, who knows what they'll come up with next.

    We are just now seeing some of the garbage coming from the health care reform bill. When more of it comes to light, more and more people will start screaming. People have no idea how much this is going to cost them out-of-pocket.

    Between health care reform and new taxes, businesses are sitting on their money. They saw what Ford did a few years ago and are doing the same thing.

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by ricksfolly View Post
    Government cash infusion into companies doesn't guarantee more jobs. That decision has to be made by the company brass. New cash would probably be used to pay pressing bills.

    ricksfolly
    or not. Saved maybe. Add to profit. We can't really know without going in and looking at each company.

    Still, the question I asked is relevent: How much do we really care about the deficit?

    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
    When would be the right time to raise taxes? There is no evidence that not raising them will help jobs. In fact, someone has a link to a study showing that it wouldn't. But not taxing will add to the debt. So, logically, based on this, what should we do? How much do we really care about the deficit?
    There is no right time to raise taxes. We are way overtaxed.

    Reducing taxes and letting people keep their money will generate more government revenue... because more people will be working. Companies will feel better about hiring. When that happens, the wages will increase as competition for workers increases, and added to that... people with money (profit) will take risk... creating more jobs.

    Then the goverment pig should be taken to the slaughter house. What should come out is bones.

    Then we'd be fine. Smaller pig, lower taxes... prosperous nation... and the means to reduce our debts.

    .
    Last edited by zimmer; 09-17-10 at 04:14 PM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  10. #70
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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by zimmer View Post
    There is no right time to raise taxes. We are way overtaxed.

    Reducing taxes and letting people keep their money will generate more government revenue... because more people will be working. Companies will feel better about hiring. When that happens, the wages will increase as competition for workers increases, and added to that... people with money (profit) will take risk... creating more jobs.

    Then the goverment pig should be taken to the slaughter house. What should come out is bones.

    Then we'd be fine. Smaller pig, lower taxes... prosperous nation... and the means to reduce our debts.

    .
    That's a rather subjective standard. Who decides what is overtax and undertaxed? What objective standard do you use?

    BTW, we are the government. Just thought you should know.

    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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