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Thread: Obama: I'll cut $4 trillion

  1. #331
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    Re: Obama: I'll cut $4 trillion

    sober americans seek SOLUTIONS

    barack the slasher hussein puts out SLOGANS

    Wave of Debt Payments, One Trillion Dollars Per Year

    hurry, harry!

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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
    anything more evident would be found in a child's pop-up book
    By all means... lets just keep throwing speeches at the problem and 'hope' things 'change' and it goes away!

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by The Prof View Post
    president slash can't and won't ever go there
    Slash is running for President? I would so vote for him. Is Axl Rose his running mate?

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Whovian View Post
    By all means... lets just keep throwing speeches at the problem and 'hope' things 'change' and it goes away!
    or we could adopt the republican/dicknbush approach and go and do unplanned crap that creates a huge mess for someone to clean up behind
    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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    Re: Obama: I'll cut $4 trillion

    "Tax and Spend" or "Don't tax, but spend anyway." You must choose one.

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by justabubba View Post
    advocating the republican approach:

    READY

    FIRE

    AIM
    Unlike the Democrat plan, Let the Federal Govt. solve the problem since they are further from the problem and can get people from other states to pay for your personal responsibility through their Federal Income taxes, but only the 53% of income earners that actually pay taxes. Let's keep the people dependent and thus gain more power, right?

  7. #337
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by ADG View Post
    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.
    The tax rate would be more progressive by definition: "A progressive tax is a tax by which the tax rate increases as the taxable base amount increases." Reagan's top marginal rate was yes, much lower - but it was still progressive.

    A regressive tax would increase the effective tax rate for those with lower incomes. Examples are efforts to tax sins (cigarettes and alcohol) and stupidity (lottery).
    Last edited by Taylor; 04-15-11 at 04:05 PM. Reason: Fix spelling

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Taylor View Post
    The tax rate would be more progressive by definition: "A progressive tax is a tax by which the tax rate increases as the taxable base amount increases." Reagan's top marginal rate was yes, much lower - but it was still progressive.

    A regressive tax would increase the effective tax rate for those with lower incomes. Examples are efferts to tax sins (cigarettes and alcohol) and stupidity (lottery).
    Does anyone think that the implementation of the Progressive tax system was to establish a system in which 53% of the income earners paid all the taxes and 47% paid zero?

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by ADG View Post
    And explain how ending the tax break on those making 250k or more from 35% to 39% is a punishment.
    It would only make the situation worse. "The Rich" - whether you define that as those making 250k or more, the top 1%, the top 5% or even the top 20% (in 2010, households with incomes more than $88,000) pay a greater share of taxes now and throughout the Bush years than at any time going back to 1979 (the earliest year for which I can find statistics).

    We presently find ourselves in a situation where 80% of taxpayers either shoulder half the burden they paid in the 70's, or pay nothing at all and instead make money off of the income tax. If anyone is not paying their "fair share" it's this group.

    If you want to raise taxes, it needs to be across the board. Maybe when people are actually paying for the services they receive, they'll be more responsible with what they demand.

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Whovian View Post
    By all means... lets just keep throwing speeches at the problem and 'hope' things 'change' and it goes away!
    let's take a look at what the republicans are up to:
    House Republicans scrambled Friday to vote down their own extremely conservative budget after Democrats called their bluff and withheld opposition, forcing GOP lawmakers to defeat the bill themselves. ... It sought to make massive cuts to Social Security and Medicare while providing even larger tax breaks for high income earners. ... all 172 Democrats in the chamber voted "present." That shocked Republicans, forcing some of them to flip their "yes" votes to "no" in order to defeat the bill that would otherwise have passed with a majority.
    hoist, by their own petard
    gotta love the move by the demos to embarrass the republicans into voting down their own amendment
    Dems call GOPís bluff, force House Republicans to vote down their own budget | The Raw Story
    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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