Page 2 of 8 FirstFirst 1234 ... LastLast
Results 11 to 20 of 74

Thread: On road to surplus, U.S. detoured into debt

  1. #11
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: On road to surplus, U.S. detoured into debt

    why doesn't harry simply write up a budget that includes this return to clinton rates?

    it's been 700 days since the us senate itemized a budget

    why?

    what is obama's plan, where is obama's plan?

    fine and excellent speeches, particularly in troublous times like these, are no solution

    and even at that, how many weeks has it been since obama called out those tax hikes?

    why has he dropped the push from his stump?

    when do you expect him next to pound on it?

    and how hard?

    in other words, when will he write it up and force it thru?

    upper parliament is all his

    americans demand action, they rightly perceive that unless something is done imminently to reform our budget our big 3 federal social programs (as well as state pensions) will not survive

    americans worry that borrowing 60 billion additional every two weeks is fiscal suicide

    americans naturally look to their white house for answers

    and all they perceive when they peek at their president are speeches, fine and excellent speeches

    americans are coming to see fine and excellent speeches as precisely the problem

    it's harry's move, the floor is clear

    tax away

    leadership, anyone?
    Last edited by The Prof; 05-01-11 at 04:16 PM.

  2. #12
    Banned
    Join Date
    Feb 2011
    Location
    Los Angeles
    Last Seen
    01-18-13 @ 07:26 PM
    Gender
    Lean
    Libertarian
    Posts
    1,631

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by Lord Tammerlain View Post
    Right now the US has both a revenue problem and a spending problem

    Tax revenues are at a low level for the US government, and spending is at a high level (% of GDP)
    Revenues are low because the taxes are too high, and the ecnomy is stifled.

  3. #13
    Sage
    Renae's Avatar
    Join Date
    Aug 2007
    Location
    San Antonio Texas
    Last Seen
    10-23-17 @ 10:14 PM
    Gender
    Lean
    Undisclosed
    Posts
    38,972
    Blog Entries
    15

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by Mayor Snorkum View Post
    And it's entirely due to the spending addictions you socialists have.
    No, blame the Progressives, in BOTH parties that believe Gov't really is the answer to life's problems (in exchange of course, for votes.)
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



  4. #14
    Doesn't go below juicy
    tacomancer's Avatar
    Join Date
    Jan 2010
    Location
    Cleveland
    Last Seen
    05-20-16 @ 02:42 PM
    Gender
    Lean
    Other
    Posts
    31,781

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by Aunt Spiker View Post
    The argument in the article is flawed based on this: if you have to borrow extensive amounts of money to do anything then you didn't actually have a wrothy SURPLUS - possibly a balanced budget in which money in matched money out. But a surplus? Not likely - being *over* just a smidge is not 'surplus' that's just extra spending money.

    A technical surplus is like an adequate balance in your savings account.

    Our country never had that at any time - Clinton did not *have a surplus* in this sense - the overall national debt ROSE significantly while he was in office. You cannot have a mass amount of debt and have a surplus at the same time - it just doesn't work that way.

    You can have money you bring in that isn't being allocated - but that doesn't mean it's a surplus, that menas that you're not applying more to your debts to pay them off.
    Do you need the help of a time line?

  5. #15
    Bring us a shrubbery!
    tessaesque's Avatar
    Join Date
    Apr 2011
    Location
    Plano, Texas
    Last Seen
    11-09-17 @ 06:18 PM
    Gender
    Lean
    Other
    Posts
    15,910

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by megaprogman View Post
    On road to surplus, U.S. detoured into debt



    So, yes it is a revenue problem, despite what so many here want to believe. Instead of gutting our society, like what paul ryan wants to do, we should just go back to our old tax rates, which would take care of most, if not all, of the problem.
    Will raising taxes right now really be in the best interest of the country when we still have unemployment and families living on less than they had been prior to the recession? I know right now I'm breaking even. I have a bit in savings, but if I lose my job or if an emergency arises that money will be gone quickly. I'm betting alot of people are in similar positions based on polls and available statistics.

    Sure, raise revenus eventually, but do it by changing the entire tax code. Don't just keep the same complicated system and raise the obligation. In the meantime, let's consider cutting expenses, attacking fraud and waste and redundancy, and force efficiency, which is sorely missing across all departments and divisions of government: federal, state, and local.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


  6. #16
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by megaprogman View Post
    On road to surplus, U.S. detoured into debt



    So, yes it is a revenue problem, despite what so many here want to believe. Instead of gutting our society, like what paul ryan wants to do, we should just go back to our old tax rates, which would take care of most, if not all, of the problem.
    The problem is that those things don't exist in a vacuum.

    Our global competitors are engineering much more favorable tax rates towards businesses and individuals who are involved in job creation.

    Many businesses have already moved chunks of their operations overseas to save on taxes.
    Simply raising taxes does not confront this problem.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  7. #17
    Sage
    ric27's Avatar
    Join Date
    Jun 2010
    Last Seen
    06-15-17 @ 02:57 PM
    Gender
    Lean
    Independent
    Posts
    7,539

    Re: On road to surplus, U.S. detoured into debt

    How about dumping/eliminating the idea of penalizing people for making money and get rid of any and all income tax.

    Taxes should be derived from tariffs and consumption tax, with maybe food to be exempt to satisfy the progressives.

  8. #18
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: On road to surplus, U.S. detoured into debt

    In 2010, the company reported global profits of $14.2 billion, $5.1 billion of which came from the U.S. But using a combination of offshore accounts and aggressive lobbying for tax breaks, GE managed to not only pay no taxes, but get a benefit of $3.2 billion. GE spent $200 million on lobbying in the last decade. At one point, when a generous tax break was about to expire, the head of GE's tax team met with Representative Charles Rangel, then chairman of the ways and means committee, and begged for an extension on one knee. Supposedly it was a joke, but GE got its extension, and Rangel got a $30 million gift for New York City schools.
    GE Pays No Taxes - The Daily Beast

    where would YOU go to find a JOBS CZAR?

    when will enough be enough?

    leadership, anyone?

  9. #19
    Doesn't go below juicy
    tacomancer's Avatar
    Join Date
    Jan 2010
    Location
    Cleveland
    Last Seen
    05-20-16 @ 02:42 PM
    Gender
    Lean
    Other
    Posts
    31,781

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by Harry Guerrilla View Post
    The problem is that those things don't exist in a vacuum.

    Our global competitors are engineering much more favorable tax rates towards businesses and individuals who are involved in job creation.

    Many businesses have already moved chunks of their operations overseas to save on taxes.
    Simply raising taxes does not confront this problem.
    This is true, a civilized society is at a disadvantage in this respect.

  10. #20
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: On road to surplus, U.S. detoured into debt

    Quote Originally Posted by megaprogman View Post
    This is true, a civilized society is at a disadvantage in this respect.
    Civilized?

    Was watching a 60 minutes vid about how one city in Switzerland is booming during the Global recession because all of the international reallocation of businesses to it, to save on taxes.

    Companies like Cisco, etc do strategic moves, particularly their most profitable branches, to avoid the American tax structure.
    That's how a lot of businesses have low marginal tax rates.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

Page 2 of 8 FirstFirst 1234 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •