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Thread: GOP plan to extend tax cuts for rich adds $36 billion

  1. #191
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by donc View Post
    Conservative



    Aha, I get it now, the ole tried and true obtuse defenses. I guess in my old age I must have forgotten that some people still use that one. I should have known better, seeing as how the republicans have been using it for the last…well, at least, since the tall spooky black man got elected President.

    Here is your question.



    Answer. Note the period after the word retired, then the equal sign, prior to consumer.

    It would do a lot for consumer confidence to see some of the debt being retired. Consumer confidence=consumer spending in this economy imo.


    If that is too cryptic for you let me know.
    Note my focus on the consumer which is the job creating engine for our economy. In addition note that tax increases don't guarantee more income for the govt. because tax increase affect buying power and affect corporate taxes. Tax increases change human behavior a factor that too many ignore.

  2. #192
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by Conservative View Post
    Actually the Party of "no" didn't vote for the stimulus, didn't vote for Obamacare, didn't vote for the GM/Chrysler buyout so it doesn't look like they are using the Democrats poor ideas. The Republicans in Congress today are not responsible for the three trillion added to the debt however it wouldn't bother me a bit to have all the RINO's voted out of office and get back to actual conservative principles.
    I wonder how the party would have voted had President McCain made the same proposals?
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  3. #193
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by UtahBill View Post
    I wonder how the party would have voted had President McCain made the same proposals?
    I doubt that McCain would have made the same proposals as his resume shows more fiscal responsibility than Obama. Obama is doing exactly what his resume said he would do. I am not surprised.

  4. #194
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by Conservative View Post
    Actually the Party of "no" didn't vote for the stimulus, didn't vote for Obamacare, didn't vote for the GM/Chrysler buyout so it doesn't look like they are using the Democrats poor ideas. The Republicans in Congress today are not responsible for the three trillion added to the debt however it wouldn't bother me a bit to have all the RINO's voted out of office and get back to actual conservative principles.
    But when Republicans controlled everything, here's what happened to the debt:

    09/30/2007 9,007,653,372,262.48
    09/30/2006 8,506,973,899,215.23
    09/30/2005 7,932,709,661,723.50
    09/30/2004 7,379,052,696,330.32
    09/30/2003 6,783,231,062,743.62
    09/30/2002 6,228,235,965,597.16
    09/30/2001 5,807,463,412,200.06
    Government - Historical Debt Outstanding - Annual 2000 - 2009

    Congressional Dems can claim part of the increase from 2006 to 2007, however, the budget was passed by the previous Congress, so only additional expenditures can be blamed on them.

    I agree with you that a lot of the current Republicans should be voted out - and a good portion of the Democrats, too. But a LOT of the Republicans, like Boehner, Cantor, and Bachmann were all there in the years between 2000 and 2006 when Republicans spent, spent, spent and took no responsibility for it.

  5. #195
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by FilmFestGuy View Post
    But when Republicans controlled everything, here's what happened to the debt:

    09/30/2007 9,007,653,372,262.48
    09/30/2006 8,506,973,899,215.23
    09/30/2005 7,932,709,661,723.50
    09/30/2004 7,379,052,696,330.32
    09/30/2003 6,783,231,062,743.62
    09/30/2002 6,228,235,965,597.16
    09/30/2001 5,807,463,412,200.06
    Government - Historical Debt Outstanding - Annual 2000 - 2009

    Congressional Dems can claim part of the increase from 2006 to 2007, however, the budget was passed by the previous Congress, so only additional expenditures can be blamed on them.

    I agree with you that a lot of the current Republicans should be voted out - and a good portion of the Democrats, too. But a LOT of the Republicans, like Boehner, Cantor, and Bachmann were all there in the years between 2000 and 2006 when Republicans spent, spent, spent and took no responsibility for it.
    Better check your facts as Republicans didn't control Congress in 2007, didn't control the house in 2006, and had a split Congress in 2001. Now as for your numbers in two years 2009-10 Obama has added 3 trillion to the debt from trillion dollar deficits and his projected budgets have trillion dollar deficits for the next 5 years. Please post for me any trillion dollar deficit of Bush? Your outrage over Bush spending ignores the current Obama spending, why is that?

  6. #196
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Domestic spending should be the first thing on our govt's mind. Our infrastructure needs a lot of work, so does the education system, and our standing in the world of economics. Wars should be declared only by congress, must be a 2/3 vote, and those voting for it have to send a close family member to the front lines, or go themselves....
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  7. #197
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by UtahBill View Post
    Domestic spending should be the first thing on our govt's mind. Our infrastructure needs a lot of work, so does the education system, and our standing in the world of economics. Wars should be declared only by congress, must be a 2/3 vote, and those voting for it have to send a close family member to the front lines, or go themselves....
    Here are the line items of the budget. Most is geared to domestic spending and most is wasted on social engineering as well as the waste, fraud, and abuse of our bureaucrats. Probably what bothers me the most is very few seem to have any civics, economics, or history education. We currently have a 3.8 trillion dollar budget because of all the social engineering and trying to keep people from failing. There doesn't seem to be any consequences for failure today as someone always bails the failure out. That never is what our Founders built. Their goal was a small central govt. with the power in the states. I have a problem understanding how a bureaucrat in D.C. can fund a social program in Boise, Idaho. The answer is they can't, that is a local issue.

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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by Conservative View Post
    Here are the line items of the budget. Most is geared to domestic spending and most is wasted on social engineering as well as the waste, fraud, and abuse of our bureaucrats. Probably what bothers me the most is very few seem to have any civics, economics, or history education. We currently have a 3.8 trillion dollar budget because of all the social engineering and trying to keep people from failing. There doesn't seem to be any consequences for failure today as someone always bails the failure out. That never is what our Founders built. Their goal was a small central govt. with the power in the states. I have a problem understanding how a bureaucrat in D.C. can fund a social program in Boise, Idaho. The answer is they can't, that is a local issue.

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    I have seen first hand the waste in the Navy, and in our public schools. As soon as the govt needs to buy something, the vultures line up to overcharge for whatever it is that is needed.
    My son and I put together a portable sound system with $3500 donated dollars at my wife's school a few years back. The school was about to buy a crappy system using cheap stereo stuff. The suppliers claim to fame was that he would teach them how to use it, and give a 3 year warranty. Well, when you charge $3500 for $1500 worth of stuff (Circuit City prices), you can afford to give a 3 year warranty. We used American made commercial grade quality mixer, amp, rack, microphones, speakers, cables, and rack, and had trouble spending all of the money. We told Guitar Center it was for a school, and they offered a decent discount. Son and I put the system together ourselves, and trained a few 8th grade students on how to use it. They understand that kind of stuff better than their teachers....
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  9. #199
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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by UtahBill View Post
    I have seen first hand the waste in the Navy, and in our public schools. As soon as the govt needs to buy something, the vultures line up to overcharge for whatever it is that is needed.
    My son and I put together a portable sound system with $3500 donated dollars at my wife's school a few years back. The school was about to buy a crappy system using cheap stereo stuff. The suppliers claim to fame was that he would teach them how to use it, and give a 3 year warranty. Well, when you charge $3500 for $1500 worth of stuff (Circuit City prices), you can afford to give a 3 year warranty. We used American made commercial grade quality mixer, amp, rack, microphones, speakers, cables, and rack, and had trouble spending all of the money. We told Guitar Center it was for a school, and they offered a decent discount. Son and I put the system together ourselves, and trained a few 8th grade students on how to use it. They understand that kind of stuff better than their teachers....
    Exactly, that problem resonates throughout the govt. and yet there are those here that still have no problem raising taxes to pay for that waste, fraud, and abuse. It happens with both parties and it has to stop. One of the answers as I have pointed out is tax cuts allowing taxpayers to keep more of what they earn thus making them less dependent on the govt.

    If the items I listed were eliminated or reduced any idea what the tax revenue that would be required to handle the true purpose of the govt? I cannot imagine the economic boom and job creation that would generate.

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    Re: Dem vs Rep Tax Cut Plan in Graph form!

    Quote Originally Posted by RightinNYC View Post
    The Tax Foundation - Summary of Latest Federal Individual Income Tax Data

    The richest 1% earn 22.83% of all income and pay 40.42% of all taxes.

    Not sure what you're getting at re: tax shelters and how you believe that affects those numbers.
    Wow, that is interesting. The top .1% earns 11.93% of the nation's income and pays 20.19% of taxes. Man, I'm happy we have a progressive tax system. The richest people in the country own 12% of the income but only pay 20% of the taxes? That is nuts!

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