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Thread: Obama: I'll cut $4 trillion

  1. #321
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by TurtleDude View Post
    a heavy progressive income tax and death tax are planks in the communist manifesto.

    life is unfair but governments that try to punish the prosperous to make the ne'er do wells feel better are cancerous
    Income tax is not Communist at all. In fact, there are only 2 ways to fund the government:

    1) By accumulating debt

    AND

    2) By raising taxes to pay for it

    There are no other ways, so here is what we need to do - Decide on just what kinds of programs are going to be the Federal government's responsibility, and then collect taxes to pay for those programs. Some of these programs are going to require quite a bit of taxation. So what programs do we need, and what needs to be slashed or gotten rid of?

    a) The Pentagon - By far, the largest chunk of the money we spend.

    b) Medicare and Medicaid.

    c) SNAP, formerly called food stamps.

    d) Agricultural subsidies.

    e) Bank bailouts.

    f) Immigration.

    g) Homeland Security.

    These are just a few. Whatever we decide to keep we are either going to have to have taxes for those programs, raise the debt, or eliminate the programs. Those are the 3 choices. And whatever we keep, we are going to have to collect taxes for them, unless we want to go deeper into debt. We can't have our cake and eat it too. Paying taxes on programs that are good is the only responsible thing to do. There is nothing Communist about that. Once again, it is about being responsible.

    NOTE: I like the flat tax system on purchases, also known as "Fair Tax", where food, mortgage/rent, medical expenses, and educational expenses are exempted. If a rich man wants a Roll-Royce, he will pay the tax for it. This system is more than fair, and we can eliminate the IRS in the process too, replacing it with a department headed by a Comptroller, which would collect national sales taxes. There would be absolutely no loopholes for the rich, and the poor would get a break, unless they decided they could afford to buy an expensive flat-screen TV. Also, illegal aliens who work under the radar, whose earnings are not reported to the IRS, would pay taxes they are not paying now (until they are caught). Finally, drug dealers and organized crime would be paying taxes that are now not reported (until they are caught). There would be no loopholes whatsoever. Even GE would end up paying its fair share instead of zero, which is what it paid this year.
    Last edited by danarhea; 04-15-11 at 01:54 PM.
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  2. #322
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by TurtleDude View Post
    a heavy progressive income tax and death tax are planks in the communist manifesto.

    life is unfair but governments that try to punish the prosperous to make the ne'er do wells feel better are cancerous
    And explain how ending the tax break on those making 250k or more from 35% to 39% is a punishment. Explain how this would be a progressive tax when it would simply put the tax rate back to where it was in the '90's. What was Reagan's tax rates? If we go back to the rates in the '80's or '90's this would be a regressive tax rate, I guess.
    "Action expresses priorities."
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by TurtleDude View Post
    Your worship of obama is touching but Obama's rant yesterday was nothing more than a silly campaign speech long on bashing Bush and short on courage. It was also filled with lies such as his crap from his anus claiming that the middle class doesn't benefit from certain "loopholes" (Like the Mortgage deduction)
    I believe you are referring to this part of his speech:

    Beyond that, the tax code is also loaded up with spending on things like itemized deductions. And while I agree with the goals of many of these deductions, from homeownership to charitable giving, we canít ignore the fact that they provide millionaires an average tax break of $75,000 but do nothing for the typical middle-class family that doesnít itemize. So my budget calls for limiting itemized deductions for the wealthiest 2 percent of Americans -- a reform that would reduce the deficit by $320 billion over 10 years.
    So, did he say that some middle class family's do not benefit from some itemization? No. He said the "typical" middle class family doesn't itemize at all, and so the itemization that the wealthy do would not benefit the average middle class family. The President did not lie here.
    "Action expresses priorities."
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by justabubba View Post
    it was in his most recent address
    restore fiscal soundness
    in his SPEECH?

    LOL!

    well, then, problem SOLVED!

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Whovian View Post
    I'm with you, brother. Can I get an Amen......
    (note, that was NOT sarcasm)
    And a Hallaluyah! (note, that was sarcasm)
    "Action expresses priorities."
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by danarhea View Post
    Income tax is not Communist at all. In fact, there are only 2 ways to fund the government:

    1) By accumulating debt

    AND

    2) By raising taxes to pay for it

    There are no other ways,
    That's not technically true. Many government services are purely fee based and require no debt or tax. Another common approach is used to fund certain infrastructure projects where a city might issue revenue bonds to fund the construction of a road, bridge or airport and then charge per-use fees to recover the cost.

    Quote Originally Posted by danarhea View Post
    a) The Pentagon - By far, the largest chunk of the money we spend.

    b) Medicare and Medicaid.
    Actually, Medicare and Medicaid is the biggest chunk of money we spend, and will only continue to distance itself from other areas over the next few years.

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    Re: Obama: I'll cut $4 trillion




    The republican plan for 2012.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by danarhea View Post
    so here is what we need to do
    not a bad start

    too bad president slash can't and won't ever go there

    hey, slash, service on the debt, MERE INTEREST ALONE, is fast racing towards a full ONE TRILLION DOLLARS PER YEAR

    quit making speeches and TAKE ACTION

    in other words, tell harry to HURRY

  9. #329
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    Re: Obama: I'll cut $4 trillion

    justabubba;1059412497]

    if only you were correct. then we would not need government funding for a social safety net to assist those who are in no position to assist themselves. but the reality that you and those of your ilk prefer to ignore is that there are huge numbers of our people who need assistance thru no fault of their own. your kind would prefer that they go away, never to be seen so that you don't have to view their plight. but that is an unrealistic expectation. despite the fact that there is a genuine need for our society to care for the least among us - notice that Christian value - the reich wing makes no provision for their care. it's worse actually, they rail against the expenditures of taxpayer dollars to fund this genuine need. each one of them should be required to forfeit their wwjd bracelet
    I am not being condescending but where did you get your education? Where is it in the Constitution that the Federal Govt. should fund a Social Safety Net and why do you buy the statement that they can do it better than the states and local communities? There is a genuine need for help from society to care for those incapable of taking care of themselves but not to this level and certainly not by a bureaucrat in D.C. Social Security has been funded by FICA since existence and what did the govt. do with the money but put it on Budget and spend it on everything but SS. It is now an unfunded liability because bureaucrats wasted the money. Why aren't people like you ever focused on that reality?

    another area where there is a chasm between our views. your cohort has no problem spending a $Trillion of borrowed money and too too many young American lives to take out a two bit dictator (we formerly propped up) while simultaneously allowing our infrastructure, education and economy back home to decay. that war had nothing to do with self defense. which tells me that we allocate too much money for the military. here is an extra point question. how many military facilities does the USA maintain, both in the USA and abroad ... and why are those military facilities in foreign lands essential to our self defense?
    Where do you get your information? trillions of borrowed money? The cost of the wars have been 1.2 trillion dollars over 10 years that is 120 billion a year out of the 3 trillion dollar budgets. You have so much invested in hatred that you cannot see how foolish you sound. What we fund overseas is taken out of the defense budget of 700 billion dollars. It isn't borrowed money but it is the responsibility of the govt. to defend this country. Do we need that kind of spending? Probably not but there is more than enough revenue to fund the defense of this country.

    this one is too easy. if the states and local communities were addressing this problem then there would be nothing for the federal government to have to care for. unfortunately, that is not the reality. notice how we keep coming back to your kind refusing to acknowledge reality. the mascot of the GOP should actually be an ostrich
    What does a bureaucrat in D.C. know about a problem in your area? If the states and local communities aren't addressing the problem why don't you take action against the elected officials who are closer to you than a bureaucrat in D.C. who is 1 of 435 in the house. Easy to hide in D.C. behind the votes of some other politician who votes against your state. It is easier for you to shirk your responsibility at the state level just like it is easier for a politician in D.C. to shirk theirs. You simply don't know what you are talking about.

    just as with providing for the least among us, the states and local communities have not fully addressed the educational needs of our nation, causing the federal government to also have a role. now, since the state and local governments pony up 89.2% of the total cost of elementary and secondary education, the participation by the federal sector is comparably small - but certainly present. notably, those federal dollars are not just provided by the department of education but also HHS (head start) and agriculture (lunch program). the administrative cost of the department of education is about 1-2%, meaning that at least 98 cents of each tax dollar goes into the local school systems. given the disparity of educational attainment because there is no centralized focus, there are some of us who believe that there is insufficient federal involvement in the education system, resulting in 30% of our society not graduating from high school. but then, you must be OK with that inadequacy and don't mind paying the subsequent costs of incarceration and government support required disproportionately by those with the least education. as utah's signature reads, if you think education is expensive, try ignorance
    Sounds like you have a problem with your state govt. so why don't you move? You think it is the Federal govt's responsibility to handle the issue? Why? The centralized focus which is one size fits all doesn't work,never has and has created the current 14.3 trillion dollar debt

    i missed the post where i insisted there was no excise tax. please point it out
    if our infrastructure was sound and nothing more needed to be constructed or maintained then we would be able to acknowledge that the excise tax was sufficient to cover our nation's infrastructure costs. so, are you telling us that we need no more roads paved, or resurfaced, no more mass transit built and maintained, no more airports built or upgraded, no more ports enhanced to accommodate ever larger ships, no more waterways dredged? if so, then your position is sound. but if the reality is that all of those things continue to be needed but are not being done, then i will submit that the present excise tax is found insufficient to keep up
    You are the one that insisted there wasn't enough money to for infrastructure but not one bit of concern over where the money is going. Why are excise taxes put on budget and not spent on the roads and other infrastructure expenses? The Federal Govt is good at one thing, spending money and creating liabilities for the state after they did the initial investment.

    .[/color]this had nothing to do with socialism. if you will notice, those countries with strong socialist practices are often found to be among the most desirable nations in the world in which to live. what allowed the US dollar to become dominant was our industry ... that and we were the only intact industrial power after WWII ... and significantly, until the regan era, our nation practiced sound fiscal policy
    I feel sorry for you, man, you have been brainwashed. one of these days you will indeed grow up, I was where you were a long time ago, I did grow up and you will too.

    By the way, learn how to use quotes, I cleaned up your mess.

  10. #330
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by The Prof View Post
    not a bad start

    too bad president slash can't and won't ever go there

    hey, slash, service on the debt, MERE INTEREST ALONE, is fast racing towards a full ONE TRILLION DOLLARS PER YEAR

    quit making speeches and TAKE ACTION

    in other words, tell harry to HURRY
    advocating the republican approach:

    READY

    FIRE

    AIM
    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

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