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Thread: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by Jetboogieman View Post
    So what you're saying is.

    Decrease the deficit! - But don't try and raise revenue to pay for it!

    Get everyone hired Obama - But don't use public money to do it, even if private enterprise won't hire, but I'll still blame you for it anyway.
    So tell me how much revenue the govt. is getting from 16 million unemployed Americans? Apparently you don't understand even your own behavior. When you get more take home pay what do you do with it? Public money to create hiring means expanding the size of govt. and that is an expense to the taxpayers.

    Interesting how so many believe raising taxes means more govt. revenue which flies in the face of normal human behavior. I cannot seem to get you or anyone else to address that.

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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by Conservative View Post
    Exactly, but the problem remains, 16 million unemployed people and the way to get them back to work is not through tax increases.
    There are many unemployed and that will not change for quite a while. We were consuming much more than we could afford and that eventually caught up with the public. How many of the unemployed are in the construction and related fields. That will not come back until we burn off excess capacity. We used to sell 16 million cars in the U.S. We will not reach that level for a long time as banks will no longer give loans to people who can't pay them back.

    The economy has to reset. The government is prolonging this thing by not letting housing etc find it's real bottom. Seems like a mess.

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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by Conservative View Post
    So tell me how much revenue the govt. is getting from 16 million unemployed Americans? Apparently you don't understand even your own behavior. When you get more take home pay what do you do with it? Public money to create hiring means expanding the size of govt. and that is an expense to the taxpayers.
    So you didn't address the issue?

    If private enterprise simply will not hire. Then how can you possibly blame Obama for it? You don't want him to intervene in things when it suits you. And I think you vastly understimate just how ****ED we are. We're in the dwang big time and if a second reccession rolls around, it'll be every presidents fault, not just his.

    Interesting how so many believe raising taxes means more govt. revenue which flies in the face of normal human behavior. I cannot seem to get you or anyone else to address that.
    Tax increases must be met with spending decreased. Common sense 101.

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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by washunut View Post
    There are many unemployed and that will not change for quite a while. We were consuming much more than we could afford and that eventually caught up with the public. How many of the unemployed are in the construction and related fields. That will not come back until we burn off excess capacity. We used to sell 16 million cars in the U.S. We will not reach that level for a long time as banks will no longer give loans to people who can't pay them back.

    The economy has to reset. The government is prolonging this thing by not letting housing etc find it's real bottom. Seems like a mess.
    It is a mess and our over meddling govt. isn't making it any better

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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Jetboogieman;1058923252]So you didn't address the issue?

    If private enterprise simply will not hire. Then how can you possibly blame Obama for it? You don't want him to intervene in things when it suits you. And I think you vastly understimate just how ****ED we are. We're in the dwang big time and if a second reccession rolls around, it'll be every presidents fault, not just his.
    It is called human behavior thus I see no common sense in your statement, if you invested your hard earned money into a venture would you hire not knowing what your expenses are going to be tomorrow? Obamacare, expiration of tax cuts, cap and trade, etc? Why would anyone hire an employee with this uncertainty? It is Obama's fault because he isn't providing any leadership. He is however bailing out Democrat constituent groups.

    Tax increases must be met with spending decreased. Common sense 101.

    Why do you want taxpayers to pay more taxes? 47% of the peopel in this country don't pay any income taxes so what you are doing is increasing taxes on those that produce and expect them to hire more employees? That is foolish and irresponsible.

    Being proudly a foreigner doesn't give you a lot of credibility to tell this country what it should do.

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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by Conservative View Post
    Being proudly a foreigner doesn't give you a lot of credibility to tell this country what it should do.
    All Western Countries face relatively the same problem.

    I wasn't telling you what to do. Merely pointing out that you often contradict yourself.

    Sooner or later, you have to increase taxes to pay for deficit cutting measures, otherwise forget about it.

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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by JohnWOlin View Post
    So no legit conservatives on this board are going to come in here and comment I guess?
    The only people that CANT see that BOTH parties and politicians are to blame for every PENNY of the debt and the destroyed economy are indeologues. OF COURSE republicans AND democrats spent way too much. Of COURSE they have completely abandoned their responsibilities. Yes...Bush signed those spending bills...as has Obama. That your party of choice spends it more to your liking doesnt change the fact that it has been destructive.

    The bigger question is what do we DO about it.

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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by Conservative View Post
    Exactly, but the problem remains, 16 million unemployed people and the way to get them back to work is not through tax increases.
    The wife and I have spent LOTS of money in the last 3 years. We are in a good situation, we have a small debt, 6 figure retirement income, and several hundred thousand bucks in an IRA, in other words, money to spend, and I bet there are many more out there who have money, but are sitting on it.
    Instead of using tax dollars to stimulate the economy, why not tap the stagnant funds held by seniors? Allow us to withdraw our IRA funds and pay the same capital gains tax as Warren Buffet, 15%, if the money is to be spent in a way that encourages jobs.
    More cars will be purchased, home improvements done, vacations taken, etc. and that will create jobs. There must be trillions of dollars sitting idle right now.
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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by Jetboogieman View Post
    All Western Countries face relatively the same problem.

    I wasn't telling you what to do. Merely pointing out that you often contradict yourself.

    Sooner or later, you have to increase taxes to pay for deficit cutting measures, otherwise forget about it.
    Point out when I have contradicted myself. This country's economic foundation was built on free enterprise and capitalism. We do not have the same problems as other countries. Our problem is we have an Administration that is trying to change this country into what other countries supposedly have and an administration that doesn't have a clue how free enterprise works. Increasing taxes affects human behavior. Obviously you do not understand the components of our economy but over 2/3 of it is consumer spending driven. Raising taxes takes money out of the consumer's hands and that doesn't increase govt. revenue thus doesn't pay down debt. Consumer spending creates demand for goods and services thus jobs to make those goods and services thus new taxpayer. consumer spending drives corporate profits thus higher corporate taxes. That is how you get 16 million people or a great percentage of them employed thus paying taxes. Cut taxes and cut spending, that is how you pay down the debt.

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    Re: Reagan Insider on how the GOP, and Dems Destroyed the U.S. Economy

    Quote Originally Posted by UtahBill View Post
    The wife and I have spent LOTS of money in the last 3 years. We are in a good situation, we have a small debt, 6 figure retirement income, and several hundred thousand bucks in an IRA, in other words, money to spend, and I bet there are many more out there who have money, but are sitting on it.
    Instead of using tax dollars to stimulate the economy, why not tap the stagnant funds held by seniors? Allow us to withdraw our IRA funds and pay the same capital gains tax as Warren Buffet, 15%, if the money is to be spent in a way that encourages jobs.
    More cars will be purchased, home improvements done, vacations taken, etc. and that will create jobs. There must be trillions of dollars sitting idle right now.
    Sounds like an incentive based approach. couldn't agree more but you need to do both, provide incentive to spend and tax cuts do that as well. Why pay even a 15% capital gains tax, why pay any capital gains at all?

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