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Thread: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Conservative View Post
    Which side have you EVER looked at? How do you think deficits occur?
    Well I know how the government looks at it: THEY up their spending - and merely blame it on US that there's a deficit.
    Last edited by Aunt Spiker; 12-07-10 at 11:43 AM.
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Aunt Spiker View Post
    Well I know how the government looks at it: THEY up their spending - and merely blame it on US that there's a deficit.
    Exactly, we aren't "giving" them enough money to satisfy their appetite for social spending.

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Conservative View Post
    Which side have you EVER looked at? How do you think deficits occur?
    Since you have asked, I would work on both sides both cutting spending in one of the biggest areas of the budget - Defense especially stupid foreign wars - there is a trillion right there for you.... plus I would raise taxes on the wealthy, both income tax and FICA tax.
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Conservative View Post
    Exactly, we aren't "giving" them enough money to satisfy their appetite for social spending.
    But at the same time many individuals started to cut back on expenses - to protect theirselves in the short and long term . . . and then the government blames *that* for our slow recovery.
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by haymarket View Post
    Since you have asked, I would work on both sides both cutting spending in one of the biggest areas of the budget - Defense especially stupid foreign wars - there is a trillion right there for you.... plus I would raise taxes on the wealthy, both income tax and FICA tax.
    You are really upset over the wars, aren't you? How did they affect you or your family. I had three family members there, what is your experience? Now as for the budget, here is the 2009 Budget with amounts so tell me what you would cut and how much?

    Expense line items

    Defense 662.8
    International Affairs 38.6
    Gen. Science, Space 29.9
    Energy 4.6
    Natural resources/env 45.7
    Agriculture 14.0
    Commerce 292.5
    Transportation 84.4
    Community Dev 26.2
    Education/Train/Social 78.2
    Health 334.3
    Medicare 430.1
    Income Security 533.9
    Social Security 683.0
    Veterans Benefits 95.5
    Justice 53.4
    General Govt. 17.6
    Net Interest 190.9


    Total 3615.6

    So how will raising the taxes on the rich affect the deficit and show me any example of more revenue going to the govt. paying down the deficits?
    Last edited by Conservative; 12-07-10 at 11:53 AM.

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Conservative View Post
    Exactly, we aren't "giving" them enough money to satisfy their appetite for social spending.
    Surely it isn't just social spending we should worry about?
    Oracle of Utah
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    you seem to think that I am an expert on the budget... I will indulge you


    Defense 662.8 cut 1/3
    International Affairs 38.6 cut 15%
    Gen. Science, Space 29.9 cut 10%

    Commerce 292.5 cut all corporate welfare - whatever that comes to


    I would pop the cap on all income and earning for FICA tax purposes. I would raise both income taxes on the rich as well as close corporate loopholes permitting big corporations to off shore their income and profits. I would place a tax - the Founding Fathers called it a tariff - on foreign made products that used to be made here but are not made overseas by corporatists committing economic treason against the people.

    How much did I save? I don't know but its a lot
    How much did I add in income? Bunches and bunches. And I know its a lot because you folks squeal like stuck pigs when it is proposed.
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Aunt Spiker View Post
    But at the same time many individuals started to cut back on expenses - to protect theirselves in the short and long term . . . and then the government blames *that* for our slow recovery.
    Don't feel guilty about it...
    The wife and I stimulated the economy more than our share the last 3 years, closed out almost all of my tax deferred savings to pay for a retirement house in Utah, while still maintaining a house in AZ. No new cars, tho. We still have ample income and more than enough savings in the wife's accounts. BUT, we are done with that for a while, until we NEED a new car.
    Smart people take care of themselves, and their personal economies. We can't take pesonal responsibility for the national economy.
    Oracle of Utah
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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by UtahBill View Post
    Surely it isn't just social spending we should worry about?
    Uh, yes, it certainly was, Great Society? I am sure you remember the program, just not the spending which continues today and the results which also are shown today. Amazing how spending in the name of compassion that doesn't generate compassionate results is ignored.

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    Re: House Passes Middle-Class Tax Cut as Dems, GOP Try to Reach Compromise

    Quote Originally Posted by Conservative View Post
    You are really upset over the wars, aren't you? How did they affect you or your family. I had three family members there, what is your experience?
    And you aren't upset about the wars? I am, not only about the Iraq war, but the way we fight the war on terror...
    Oracle of Utah
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