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Thread: Obama Signs Bill To Extend Bush Tax Cuts

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Moderator's Warning:
    Obama Signs Bill To Extend Bush Tax CutsThread moved. Political Hotsheet is CBS's Blog section

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    I love this just because ending the "tax cuts for the rich" was one of Obama's selling points....just like closing Git'Mo and immediately leaving Iraq, LMAO.

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by Jerry View Post
    I love this just because ending the "tax cuts for the rich" was one of Obama's selling points....just like closing Git'Mo and immediately leaving Iraq, LMAO.
    elections have consequences and Obama wants to be reelected.



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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Letting the wealthy keep their wealth during a recession sounds a lot better on paper than it is in practice, especially during a recession which transitioned abruptly from a 'golden age' into a 'dark age'. The wealthy get to be wealthy because they invest in things that are likely to make them a profit. In a recession, most economic ventures become exponentially less likely to make a profit, so the wealthy don't like spending as much. And because they don't spend, the economy doesn't recover.

    That's why in human history, most economic 'dark ages' persist for hundreds of years. It takes some dramatic upheaval to switch things around, like a barbarian invasion, or in the case of the 20th century, a world war.

    The wealthy got spoiled during the 90s, so they are even less likely to want to spend money. Their motivation is the same as the middle class families who want to move but are waiting for the housing market to recover to the point where they can make more money than they spent on their house. Their expectations are set for a golden age, not a dark age, and that only contributes to the dark age.
    Last edited by Morality Games; 12-19-10 at 01:31 AM.
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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by Kal'Stang View Post
    Ya know, the best thing about your posts prof? They're so disjointed that they are not understandable.

    However it is good to know that he signed it. Now I know our bills will be able to be paid.
    You're not alone, my man. There are so many people out there trying to find work, but work's just not there for many people no matter how hard or for how long they've looked. Take these individuals from this MSNBC.com article:

    "We, the middle class, are just trying to keep our heads above water."

    "It really gets me when they say 'you lazy people.' They have no idea how depressing that is when you have been beating your head against the wall, trying to find work. Every time I see that or read it, I just start crying. They have no idea."

    "I'm still struggling to get things right," she says. "My bills are sky-high because I have not been able to pay them — the light bill, gas bill and water bill. I try to keep agreements with the utilities."

    "I don't think some people ever could understand. I don't think they have the capacity to understand. They have an image of what an unemployed person is like, and there is no way to change that image until that person experiences true unemployment. And most of them never will.
    Just a few exerpts from the people who depend on these unemployment benefits to survive! People who aren't lazy. People who do look for work and have been doing so regularly, some since last year or longer. People who are highly skilled, but for reasons not of their own doing have been laid off, cast aside. It's not that these people don't want to work. Jobs just aren't plentiful these days.

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by Barbbtx View Post
    You weren't going to be able to pay your bills if your taxes went up a little bit?
    No we wouldn't have been able to. That bit that they would have raised might sound like a little bit to you...but it was the difference in weather we could pay our rent or not.
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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by Objective Voice View Post
    You're not alone, my man. There are so many people out there trying to find work, but work's just not there for many people no matter how hard or for how long they've looked. Take these individuals from this MSNBC.com article:



    Just a few exerpts from the people who depend on these unemployment benefits to survive! People who aren't lazy. People who do look for work and have been doing so regularly, some since last year or longer. People who are highly skilled, but for reasons not of their own doing have been laid off, cast aside. It's not that these people don't want to work. Jobs just aren't plentiful these days.
    That gal is EXACTLY right.
    I have an answer for everything...you may not like the answer or it may not satisfy your curiosity..but it will still be an answer. ~ Kal'Stang

    My mind and my heart are saying I'm in my twenties. My body is pointing at my mind and heart and laughing its ass off. ~ Kal'Stang

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Which gal would that be? They all have their own story to tell, but they're all correct. You have people from all walks of life out their either pounding the pavement or searching online for pretty much any job that can find to pay their bills - folks with IT degrees, single-mothers, highly skilled professionals formerly with big Fortune-500 companies who've been laid off - but there just doesn't seem to be enough work to be had. I'm very thankful to still have my job. My wife lost hers earlier this year, but fortunately our financial situation isn't so grim that we can't get by without her lost income. Still, I feel for those folks who are just barely hanging on. It really irritates me when people have no compassion for those in need who are struggling through no fault of their own yet are called lazy, good-for-nothings. Those who have this view either honestly do believe the unemployed truly don't want to work or they've never been in such a tough financial situation that they don't know where their next meal is coming from or how long their money will hold out before they do find work.

    I think it's sad really when another human being doesn't take the time to consider the plight of another human being, but instead label everyone who's out of work and receiving unemployment benefits as lazy and shiftless. Most people do want to work. For many, the jobs just are not out there.

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by Kal'Stang View Post
    Ya know, the best thing about your posts prof? They're so disjointed that they are not understandable.

    However it is good to know that he signed it. Now I know our bills will be able to be paid.
    Someone told him he was rich; that's when he signed it.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Obama Signs Bill To Extend Bush Tax Cuts

    Quote Originally Posted by Morality Games View Post
    Letting the wealthy keep their wealth during a recession sounds a lot better on paper than it is in practice, especially during a recession which transitioned abruptly from a 'golden age' into a 'dark age'. The wealthy get to be wealthy because they invest in things that are likely to make them a profit. In a recession, most economic ventures become exponentially less likely to make a profit, so the wealthy don't like spending as much. And because they don't spend, the economy doesn't recover.

    That's why in human history, most economic 'dark ages' persist for hundreds of years. It takes some dramatic upheaval to switch things around, like a barbarian invasion, or in the case of the 20th century, a world war.

    The wealthy got spoiled during the 90s, so they are even less likely to want to spend money. Their motivation is the same as the middle class families who want to move but are waiting for the housing market to recover to the point where they can make more money than they spent on their house. Their expectations are set for a golden age, not a dark age, and that only contributes to the dark age.
    the people who are always spoiled are those who have full citizenship yet pay almost nothing to fund the country.

    the rich-even with those tax cuts-pay (the top 1 percent) 40% of the income tax and almost all the death tax. The top 5% pay more than HALF the income tax. They sure weren't being GIVEN money by the goverment.



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