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Thread: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

  1. #151
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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    I didn't support TARP but I do understand that most of it was paid back with interest. Where did the payback go? In a 14.5 trillion dollar economy 700 billion isn't a lot and that is the way one has to look at it. Again, I didn't support the bailout but understand why it happened but as stated question where the repayment money went?
    so, you believe that only $700 Billion of taxpayer money was put at risk
    there is your fundamental problem
    and that ignorance of the bailout is shared by most Americans; more so by those whose news is provided by the faux network
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  2. #152
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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by justabubba View Post
    so, you believe that only $700 Billion of taxpayer money was put at risk
    there is your fundamental problem
    and that ignorance of the bailout is shared by most Americans; more so by those whose news is provided by the faux network
    Agreed. Try at least $5 trillion.

    At least.....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #153
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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    =justabubba;1059103705]it is also going to move jobs to china to avoid a 30% excise tax
    not unlike the japanese and german automakers who brought plants to the USA a generation back

    but the point is, your reasoning makes no financial sense
    That is your opinion, what doesn't make sense? businesses not going to hire because of uncertainty? Do you have any idea how much it costs to hire and train and employee? What is obamacare going to cost? Once you hire an employee, you keep them or pay the costs associated with releasing them. From what I get from you, you don't have a clue how much that is.

    you insist that the lack of definition of tax rates is holding investors back from spending
    that is absolutely nonsense
    What is hurting business right now is the lack of money that people have and the potential costs of hiring people. What doesn't make any sense is someone who has never made a payroll telling someone who has that their argument doesn't make any sense. Without customers there aren't any profits and right now there are 16 million unemployed Americans and no incentive to hire.

    if they fail to invest then they realize No profit to be taxed
    how is No profit better than a profit that is more heavily taxed than it was
    Invest in what? If you don't have customers you don't have profits and yes businesses have gone out of business and that is why the unemployment rate is actually closer to 20%. People that owned business that went out of business aren't counted, neither are contract employees that lost their jobs.


    your conclusion should now be that your assumption is wrong and there is something else causing investors to hold on to their money instead of investing it ... uncertainty about tax rates is not the cause of that failure to invest

    Thank you for telling me that I am wrong, I will take that under advisement, NOT

  4. #154
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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    where the repayment money went?
    I would begin with FDIC liabilities. Edit: Or better yet, 2009 + 2010 bank failure costs.
    Last edited by Kushinator; 11-15-10 at 08:28 PM.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  5. #155
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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Goldenboy219 View Post
    Agreed. Try at least $5 trillion.

    At least.....
    Don't worry, Obama will fix it just like he did the last two years with a Democrat Congress. Where did the TARP repayment funds go?

    5 trillion dollars is what the Democrats have added to the debt since 2007.

  6. #156
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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Goldenboy219 View Post
    I would begin with FDIC liabilities.
    Is that where the repayment went? Link please

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by justabubba View Post
    so, you believe that only $700 Billion of taxpayer money was put at risk
    there is your fundamental problem
    and that ignorance of the bailout is shared by most Americans; more so by those whose news is provided by the faux network
    If you want to continue this discussion then stop with the condescending comments. I didn't support the bailouts and I asked you where the repayment with interest went. Sounds like a good question to me. Doesn't appear that you have a clue.

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    If you want to continue this discussion then stop with the condescending comments. I didn't support the bailouts and I asked you where the repayment with interest went. Sounds like a good question to me. Doesn't appear that you have a clue.
    If you want such comments to stop, try rewording your own posts.....
    Oracle of Utah
    Truth rings hollow in empty heads.

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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Conservative View Post
    Is that where the repayment went? Link please
    I never state that is where repayment went. Only that this is first place TARP repayments will flow into.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  10. #160
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    Re: Panel Chairmen Recommend Cutting Federal Spending by $200 Billion

    Quote Originally Posted by Goldenboy219 View Post
    I never state that is where repayment went. Only that this is first place TARP repayments will flow into.
    Ok, I have no problem with that, the point is where has the money gone? Obama deficits are almost 3 trillion in 2 years. Some of that deficit was TARP and much of TARP has been repaid. What did Obama do with the money?

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