View Poll Results: Do we get out of debt by raising taxes, cutting tax breaks, AND cutting some spending

Voters
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  • Yes. We must seriously tighten our belts.

    17 62.96%
  • No. (Alternate theory)

    10 37.04%
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Thread: The best way to fix our Economy?

  1. #11
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    Re: The best way to fix our Economy?

    Quote Originally Posted by Wake View Post
    I think it's somewhat clear what must be done.

    We should cut tax breaks, raise taxes, and cut spending; we need to live within our means.

    We can't spend our way out of the hole.
    We can't tax our way out of the hole.
    We can't cut tax breaks to get out of the hole.

    An analogy would be that America is like a fat and unhealthy person.

    You have to not only burn calories, but also eat right and utilize your metabolism.

    Basically, we need to cut spending, tax breaks, and we need to tax. Politicians shouldn't be paid so well just to squabble and waste our time. Imo, CEOs shouldn't recieve such comically obscene bonuses; why would you even defend them? They don't know/care about you.

    Also, I believe everyone should invest in solar panels; I don't believe the lie that solar panels aren't effective enough; just make a grand amount of them and stick them on houses and buildings, etc. I'd love to see solar panels cover virtually every house/practical building.

    I think we need to be thrifty and efficient. I embody that.

    Take a bag of organic Rainier cherries; I eat them and then take the seeds. Now, I have a small nursery of cherry trees. People, imo, should have large gardens. Asparagus is incredibly convenient and worth the effort. If you have even two 6ft-long rows, you're looking at a lot of FREE delicious food. Also, typical garden-grown asparagus is highly resistant to pests and disease. Grow pear trees. Walmart's garden items are rapidly dropping in price. Cherry, pear, and apple trees are only about $18. Invest. Invest in five or so of those and you'll reap the rewards. Also, plums, paw-paw(in zones 3-5), and others also save money.

    I feel if we pull together to tighten our belts, we will see the day that America gets out of debt.
    A most excellent and sensible post! If there are enough people like you, we may have a chance to turn this country around.
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  2. #12
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    Re: The best way to fix our Economy?

    Quote Originally Posted by SlackMaster View Post
    You do realize that the taxes they're talking about raising only apply to the top 2% right?

    They're talking about putting taxes back to where they were before Bush.

    Taxes are the lowest they've been in 50 years and we're in a recession. If lower taxes lead to economic stimulus as the Republicans say, we should be in a boom.

    The so called, "job creators" create very few jobs with the tax savings and instead line their pockets.

    why are the dems afraid to repeal all the Obama tax breaks (or the Bush tax legislation)

    because if they made EVERYONE pay more taxes they would lose votes

    so when the dems talk about people making sacrifices they aren't talking about dem politicians



  3. #13
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    Re: The best way to fix our Economy?

    Wake, why fix the economy? From our situation itís been doing wonderfully. Our net worth has gone up monotonically over the past several years. We sold our old home near the peak. The value of new our homes has gone up since purchase. Stocks have done very well for us. Our taxes are very low except our property tax on our water front property. I retired about 10 years ago at 55. I bet George Soros and the Koch Brothers arenít having problems either. Whatís the problem? Who is having a problem that counts?

  4. #14
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    Re: The best way to fix our Economy?

    Quote Originally Posted by TurtleDude View Post
    why are the dems afraid to repeal all the Obama tax breaks (or the Bush tax legislation)

    because if they made EVERYONE pay more taxes they would lose votes

    so when the dems talk about people making sacrifices they aren't talking about dem politicians
    If you could stop being a partisan hack for a second, how about you listen to some logic and reason.

    The people who are going to be losing their Bush-era tax cuts are the people who don't need them in the first place. If I was a millionaire, I'd be more than willing to pay my part for the country's health. This budget fight is giong to accomplish something worthwhile, I think, and that would make me even more willing to pay taxes. If you recall, Obama didn't want to extend the tax cuts the Democrats are now trying to take away.

    As it stands, we're going back to the norm for the upper tax brackets, and are finally getting rid of things we didn't need in the first place. The idea that letting the top tax bracket pay less taxes somehow helps the economy is pure bulls**t. It just doesn't work.

    If you want to get some figures that say otherwise, be my guest, but good luck.
    Veni. Vidi. Vici.
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  5. #15
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    Re: The best way to fix our Economy?

    Quote Originally Posted by SlackMaster View Post
    You do realize that the taxes they're talking about raising only apply to the top 2% right?

    They're talking about putting taxes back to where they were before Bush.

    Taxes are the lowest they've been in 50 years and we're in a recession. If lower taxes lead to economic stimulus as the Republicans say, we should be in a boom.

    The so called, "job creators" create very few jobs with the tax savings and instead line their pockets.
    No, they are back to talking about raising taxes on any single person making over 200K and couples making over 250K (you know..the small business owners) Raising taxes on anyone at this time would only do more harm.

    Here's a plan I can go for.


    ‪Herman Cain on Stimulating the Economy‬‏ - YouTube
    Herman Cain on the Economy


    There are five things that I would do.

    Number one and that is lower corporate tax rates from 35 to 25 percent. We're the only country in the world that has not. What are we waiting on? This is why we're losing so many businesses and so many jobs.

    Lower personal income tax rates.

    Lower the capital gains tax rate to zero. Free up investment in this country. This is how you create jobs.

    Suspend taxes on repatriated profits. It's been estimated that nearly a trillion dollars are held by multinational corporations in other countries. So the liberals' attitude is if we can't get a piece of it, we're going to leave it over there. I call this low hanging fruit...low hanging fruit. Take it to zero. Not 5.25%, which is what it was back in 2003 when George Bush was able to get this done for a limited period of time. Nearly $350 billion came back into the economy. It is now estimated that nearly a trillion dollars will come back into the economy.

    And then the next one is give workers a full 6.2% payroll tax holiday for a year and employers.

    These items, folks, are called direct stimulus because we keep the money, we spend it, we save it, we grow our businesses. That's how you get the economy going.

    And the fifth leg of that is make the rates permanent. We've go to remove this uncertainty that's hanging over this economy, which is bogging us down.

    Now that would be what I would propose to get passed in the first six months. And then during that time while people are seeing how well this is working ó and there are plenty of studies out there that says these measures will work ó liberals simply don't want them to work. Then in the second two years ó During the first two years I would be educating folk on the importance about the Fair Tax, so we would replace the entire tax code with the Fair Tax.

    I got a question today that just absolutely shocked me from one of the reporters. He says, Mr. Cain, I have been hearing about the Fair Tax for ever and it never seems as if its going to go anywhere. He says so why would you want to take on something that's going to not happen, that's going to be an impossibility. I just smiled and said, sir, you don't not do what's right because it's hard to do. And if the Founding Fathers had had that attitude guess what? We wouldn't be here today. Just because it's difficult, it doesn't mean you don't do it. I know it's going to be difficult, and this is why I'm not going to introduce it the first two years. We've got to educate the public because it is, has been demagogued, lied about. And if the American people know the truth, they will support it, and they will demand it. This is how you get something like that passed.
    Catawa is my favorite bleeding heart liberal.
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  6. #16
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    Re: The best way to fix our Economy?

    Quote Originally Posted by Barbbtx View Post

    No, they are back to talking about raising taxes on any single person making over 200K and couples making over 250K (you know..the small business owners) Raising taxes on anyone at this time would only do more harm.

    Here's a plan I can go for.


    ‪Herman Cain on Stimulating the Economy‬‏ - YouTube
    Herman Cain on the Economy
    Fair tax would essentially amount to much less being taxed from a family actually getting their taxes taken out. If the poverty level is set at around $30k per family, and then you have a family making say $50k, taxing them 23% of what they make isn't that about the same they would get taxed anyways? All this fair tax nonsense is, is a way to tax the rich the same amount as everyone else. It would be even worse than the Bush tax breaks, and it would be impossible to ever pass.
    "Weíre going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and thatís crazy." -Reagan

  7. #17
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    Re: The best way to fix our Economy?

    Quote Originally Posted by repeter View Post
    If you could stop being a partisan hack for a second, how about you listen to some logic and reason.

    The people who are going to be losing their Bush-era tax cuts are the people who don't need them in the first place. If I was a millionaire, I'd be more than willing to pay my part for the country's health. This budget fight is giong to accomplish something worthwhile, I think, and that would make me even more willing to pay taxes. If you recall, Obama didn't want to extend the tax cuts the Democrats are now trying to take away.

    As it stands, we're going back to the norm for the upper tax brackets, and are finally getting rid of things we didn't need in the first place. The idea that letting the top tax bracket pay less taxes somehow helps the economy is pure bulls**t. It just doesn't work.

    If you want to get some figures that say otherwise, be my guest, but good luck.
    Pure psychobabble

    the reason why -if taxes must be raised- taxes should be raised on those who are paying artificially low taxes is that these people haven't figured out that massive government spending has to be paid for. these voters keep buying into the pandering big spending politicians use to buy the votes. If these people who keep voting for more spending saw their taxes increase maybe they would be less likely to buy into the pandering



  8. #18
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    Re: The best way to fix our Economy?

    Unspinning the FairTax

    Who Really Pays?

    "With the prebate program in effect, those earning less than $15,000 per year would see their share of the federal tax burden drop from -0.7 percent to -6.3 percent. Of course, if the poorest Americans are paying less under the FairTax plan, then someone else pays more. As it turns out, according to the Treasury Department, “someone else” is everybody earning between $15,000 and $200,000 per year. The chart below compares the share of the federal tax burden for different income groups under the current system and under the FairTax. Those in the highest and the lowest brackets will see their share decrease, while everyone else will see their share of taxes increase."


    FactCheck.org: Unspinning the FairTax
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  9. #19
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    Re: The best way to fix our Economy?

    Quote Originally Posted by Barbbtx View Post

    No, they are back to talking about raising taxes on any single person making over 200K and couples making over 250K (you know..the small business owners) Raising taxes on anyone at this time would only do more harm.

    Here's a plan I can go for.


    ‪Herman Cain on Stimulating the Economy‬‏ - YouTube
    Herman Cain on the Economy
    The part he doesn't tell you is that in the mean time, we lose social security, medicare, welfare, education, etc etc. This is a one step plan to turn America into an oligarchy... or at least more of an oligarchy than it is now.
    For: legalizing drugs, gay marriage, abortion, guns, universal health care, public sector jobs, nuclear power, free education, progressive taxation
    Against: corporations, make-work, the 40 hour work week, intellectual property, imperialism, "homeland security," censorship

  10. #20
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    Re: The best way to fix our Economy?

    raising taxes is actually more likely to dig us deeper by lowering revenue via the mechanism of slowing growth. we would be better off through tax code simplification as per the Bowles-Simpson plan, or the House 2012 budget.

    and "some spending" doesn't need to be cut. lots of spending needs to be cut, and entitlements need to be restructured.

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