View Poll Results: What is more important?

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  • A balanced budget (no growth in debt)

    53 86.89%
  • Tax cuts

    8 13.11%
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Thread: Tax cuts or balance budget

  1. #51
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    Re: Tax cuts or balance budget

    Quote Originally Posted by March View Post
    Why didn't it, then? Why did they continue to outsource and not re-invest in America if that is the case?



    These two statement are contradictory. First you attribute it to the tax cuts then say it has more to do with the economy than anything. Which is it?

    I personally don't see any evidence that Bush's tax cuts did anything you claim, in theory or in reality.

    Our economy didn't really "grow" either, we didn't begin producing more. If anything speculation increased tremendously during that period, not actual growth. GDP is a poor reflection of economic reality in my opinion, especially in America. How can 70% of an economy be based on consumption? If people increase consumption, which therefore "grows" the economy, how is that a good thing?
    It's not a good thing in general... but it seems like the best way to grow a consumption economy would be to give consumers more tax stimulus (the people, middle class), not the corporations or the rich to trickle down to the consumers..

  2. #52
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    Re: Tax cuts or balance budget

    Quote Originally Posted by SheWolf View Post
    If you had to pick one or the other, which one is more important?
    balance the budget. that being said, this could be easily achieved while reducing tax rates and simplifying the tax code; both of which would lead to higher growth and (ultimately therefore) greater revenue to in turn tackle that debt.

  3. #53
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    Re: Tax cuts or balance budget

    Quote Originally Posted by SheWolf View Post
    It's not a good thing in general... but it seems like the best way to grow a consumption economy would be to give consumers more tax stimulus (the people, middle class), not the corporations or the rich to trickle down to the consumers..
    we are in the mess we are in to no small part because we have consumed to the hilt; leveraging everything we have in order to afford the latest big-screen television. why in the world would we wish to continue to encourage this kind of behavior?

  4. #54
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    Re: Tax cuts or balance budget

    Quote Originally Posted by sazerac View Post
    Revenues don't tend to increase by percentage of GDP. They tend to be a constant percent of the GDP. So if you can increase the GDP you will collect 18 % of the additional monies.

    There's lots of ways this can happen. It can happen by cutting taxes. It can happen by raising taxes. It can happen by invention or favorable weather.
    what he said. if you want more revenue, you need to grow GDP. raising rates won't get you therel.

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    Re: Tax cuts or balance budget

    Quote Originally Posted by cpwill View Post
    what he said. if you want more revenue, you need to grow GDP. raising rates won't get you therel.
    nor will repeating right wing talking points based simply upon faith and belief.
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    Re: Tax cuts or balance budget

    Quote Originally Posted by Catawba View Post
    A balanced budget.
    People used to have "balanced budgets", hundreds of years ago..
    Today, we, including me, go into debt with the car and the house.
    Why should government be any different?
    Wars and infrastructure building replace the vehicle and home.
    Lets stop these wars and return to building our nation.
    And if taxes have to be increased, so be it.

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    Re: Tax cuts or balance budget

    Quote Originally Posted by cpwill View Post
    what he said. if you want more revenue, you need to grow GDP. raising rates won't get you therel.
    You seem to be using some other form of computation that is not mathetmatics, so I am unfamiliar with how you derived your solution.

    When I'm paying my bills I allocate a certain portion of my income to doing that. If that portion is not enough, typically I will try to cut expenses for things I deem to be "non-essential" or otherwise less desireable. Keep the internet, ditch the weekly restaurant dinner with my wife. Do put gas in tank to go to work, do not buy new pair of boxing headgear that I've been eyeing. If for some reason I can't cut expenses enough to match that portion of my income, I have two options. I can either borrow money (use the credit card) or allocate a greater portion of my income to expenses. The United States faces the unique situation in which we've actually maxed out all of our credit cards and no longer have that option. The only thing left to do is allocate a greater portion of our income to paying our expenses, (as opposed to say, allocating a greater portion of our income to restaurant dinners or boxing headgear) which means raising taxes.

    I don't know where this silly idea of giving billionaires tax breaks = they will invest in America came from but it's not based on reality. Corporations already don't pay any taxes and they are still moving overseas. No, the solution to the debt crisis is not to trust in the crooks who created this disaster. Corporations should have to suffer with the rest of us for our governments mistakes. And suffer we will, the *solution* to our problems is going to suck big time. Chemotherapy makes you feel like **** but ultimately it's going to save your life.

  8. #58
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    Re: Tax cuts or balance budget

    Quote Originally Posted by March View Post
    You seem to be using some other form of computation that is not mathetmatics, so I am unfamiliar with how you derived your solution.

    When I'm paying my bills I allocate a certain portion of my income to doing that. If that portion is not enough, typically I will try to cut expenses for things I deem to be "non-essential" or otherwise less desireable. Keep the internet, ditch the weekly restaurant dinner with my wife. Do put gas in tank to go to work, do not buy new pair of boxing headgear that I've been eyeing. If for some reason I can't cut expenses enough to match that portion of my income, I have two options. I can either borrow money (use the credit card) or allocate a greater portion of my income to expenses. The United States faces the unique situation in which we've actually maxed out all of our credit cards and no longer have that option. The only thing left to do is allocate a greater portion of our income to paying our expenses, (as opposed to say, allocating a greater portion of our income to restaurant dinners or boxing headgear) which means raising taxes.

    I don't know where this silly idea of giving billionaires tax breaks = they will invest in America came from but it's not based on reality. Corporations already don't pay any taxes and they are still moving overseas. No, the solution to the debt crisis is not to trust in the crooks who created this disaster. Corporations should have to suffer with the rest of us for our governments mistakes. And suffer we will, the *solution* to our problems is going to suck big time. Chemotherapy makes you feel like **** but ultimately it's going to save your life.
    Who told you that nonsense?
    Give a man a fish, or he will destroy the only existing vial of antidote.

  9. #59
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    Re: Tax cuts or balance budget

    I'll answer more specifically in a bit but since this is almost identical to something that was asked about 4 months ago, only with a bit less input by the OP, I figured I'd just paste that answer to start

    Quote Originally Posted by Zyphlin View Post
    Quote Originally Posted by the makeout hobo View Post
    Republicans and conservatives have lately been championing two positions: one, that taxes need to be cut as low as possible, and that the deficit needs to be shrunk as small as possible. As I see it, by themselves the two are exclusive. Ignoring a change in spending, reducing revenue by cutting taxes means more money is borrowed and the deficit grows. So between cutting taxes and reducing the deficit, which would you say is more important?
    The premise is flawed.

    First, you're asking a hypothetical in hopes of catching people in a hypocritical situation based in real life. However, spending IS an option in real life.

    Second, you're hypothetical also assumes that somehow having more revenue coming into the government will magically make the deficit reduced. This somehow assumes that the government will not turn around and spend all that new money gained in ways they wouldn't had they not gained it, thus leaving the deficit at the same point but having us paying them more.

    If somehow, someway, we lived in a black and white world where literally the ONLY choic was "Tax Cuts, High Deficit" or "Deficit Reduction, High Taxes" and in said magical world there was a garauntee that the money gained from lack of tax cuts would go directly to reducing the deficit then I'd say the second option.

    However, that's like saying "If given a magical world where there's a choie between owning a unicorn or owning a dragon, I'd choose the dragon". Wonderful, I've chose a fantasy answer....doesn't really have much relevance to reality.
    Thread

  10. #60
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    Re: Tax cuts or balance budget

    Both are important. Spending and taxation must be at healthy levels for the economy and government. Neither should be neglected.
    When the debate is lost, slander becomes the tool of the loser. -Socrates
    Tired of elections being between the lesser of two evils.

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