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Obama: No Deal Without Tax Hikes

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At what point did raising taxes fix the problem?

It's part of the solution. The problem is spending to income ratio. Cut spending, raise income. Government earns money through taxes. Raise taxes. If we don't like it, well do a better job controlling the government next time. We got sloppy, this is what you get. It should have been obvious from the start that this is what you get when you stop controlling the government well enough. Broken, out of control government. Duh.
 
It's part of the solution. The problem is spending to income ratio. Cut spending, raise income. Government earns money through taxes. Raise taxes. If we don't like it, well do a better job controlling the government next time. We got sloppy, this is what you get. It should have been obvious from the start that this is what you get when you stop controlling the government well enough. Broken, out of control government. Duh.

We're not talking about income. We're talking about revenue. if you raise prices beyond what the market can bare, it will result in less overall revenue.
 
Not always, there was certainly a time when a man could pride himself on no debt. It's a product of the economy we have. The government can, in theory, deficit spend forever so long as there is someone willing to buy your debt. But it's not infinitely stable, and certainly not at the rate by which we are running our deficit. At some point you have to pay the piper. There is no such thing as a free lunch.

Always in our lifetime. And what a man can be proud of has nothing to do with the economy. And it is infinitely stable as long as the accumulation of debt is outpaced by the growth of the economy. If the national income increases faster than out debt, we will always be able to pay the piper.
 
Always in our lifetime. And what a man can be proud of has nothing to do with the economy. And it is infinitely stable as long as the accumulation of debt is outpaced by the growth of the economy. If the national income increases faster than out debt, we will always be able to pay the piper.

Higher taxes won't grow the economy.
 
Higher taxes on small businesses certainly don't lead to job growth.

Clinton raised taxes, and the economy boomed and created 24 million jobs.

bush* lowered taxes, and eight million jobs were destroyed in a few months time
 
We're not talking about income. We're talking about revenue. if you raise prices beyond what the market can bare, it will result in less overall revenue.

We're not talking about prices. We're talking about income taxes. If you raise income taxes, it results in more tax revenue
 
It's part of the solution. The problem is spending to income ratio. Cut spending, raise income. Government earns money through taxes. Raise taxes. If we don't like it, well do a better job controlling the government next time. We got sloppy, this is what you get. It should have been obvious from the start that this is what you get when you stop controlling the government well enough. Broken, out of control government. Duh.

Meh. Personally I would not change taxes right now. They are not too high, they are not too low. The economy grows at this rate. Hold steady on taxes, cut spending, let growth take care of the rest.
 
Meh. Personally I would not change taxes right now. They are not too high, they are not too low. The economy grows at this rate. Hold steady on taxes, cut spending, let growth take care of the rest.

But...but...but...we can't punish those evil rich people and corporations like that!
 
Actually, it did, but nevermind the historical facts.

Actually, it didnt, but nevermind the historical facts



CHART: Lower Taxes On The Rich Don’t Lead To Job Growth | ThinkProgress
jobsvtaxeschart0628.jpg


CHART: Since 1950, Lower Top Tax Rates Have Coincided With Weaker Economic Growth | ThinkProgress
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CHART: States That Cut The Most Spending Have Lost The Most Jobs | ThinkProgress
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We're not talking about income. We're talking about revenue. if you raise prices beyond what the market can bare, it will result in less overall revenue.

What can the market bare? They're paying lower taxes. Less proportionately now than under Reagan. Top 1% saw taxes fall too. Shouldn't we have more now? But we don't. People spend less? People ARE spending less, particularly the middle and lower class. What more will we lose if we don't continue to cowtoe in the belief that somehow it's going to come back to us? The market can bear a bit more in tax. We have to spend down. It's time to pay for our lunch.
 
Actually, it did, but nevermind the historical facts.

Where? The taxes didn't go back up. We're at over 9% unemployment. But don't let present day facts get in your way.
 
What can the market bare? They're paying lower taxes. Less proportionately now than under Reagan. Top 1% saw taxes fall too. Shouldn't we have more now? But we don't. People spend less? People ARE spending less, particularly the middle and lower class. What more will we lose if we don't continue to cowtoe in the belief that somehow it's going to come back to us? The market can bear a bit more in tax. We have to spend down. It's time to pay for our lunch.

There's too much uncertainty in the private sector, what with the threat of higher taxes, Obamacare, more government regulation, etc. Until that goes away, the private sector isn't going to invest in anything. Notice how there are two million more unemployed people since the drilling ban? That sent a clear signal to the private sector that the current president isn't afraid to shut down any industry, if it suits him.
 
Meh. Personally I would not change taxes right now. They are not too high, they are not too low. The economy grows at this rate. Hold steady on taxes, cut spending, let growth take care of the rest.

What growth?
 
Clinton raised taxes and the economy boomed. bush* cut taxes and the economy sank

But nevermind the historical facts

The economy didn't sink under Bush. Stop with the lies.
 
There's too much uncertainty in the private sector, what with the threat of higher taxes, Obamacare, more government regulation, etc. Until that goes away, the private sector isn't going to invest in anything. Notice how there are two million more unemployed people since the drilling ban? That sent a clear signal to the private sector that the current president isn't afraid to shut down any industry, if it suits him.

Then if they ain't gonna invest anything anyway, and hence government would not be getting any money from them, then raising taxes isn't functionally have much effect other than getting more money out of the businesses which aren't going to invest and produce more anyway. Right?

Besides, there's two monkeys in this fight; and neither side is interested in less poo throwing.
 
Then if they ain't gonna invest anything anyway, and hence government would not be getting any money from them, then raising taxes isn't functionally have much effect other than getting more money out of the businesses which aren't going to invest and produce more anyway. Right?

Besides, there's two monkeys in this fight; and neither side is interested in less poo throwing.

In that case, there will be even less investment and therefore less revenue.

You can't run the government like a convenience store.
 
There's too much uncertainty in the private sector, what with the threat of higher taxes, Obamacare, more government regulation, etc. Until that goes away, the private sector isn't going to invest in anything. Notice how there are two million more unemployed people since the drilling ban? That sent a clear signal to the private sector that the current president isn't afraid to shut down any industry, if it suits him.

The uncertainty in the market was caused by bush*'s destruction of the economy, medicare D giveawy to Big Pharma, and more business deregulations, etc . Until we reverse course, the private sector will continue to ship jobs overseas. Notice how 8 million jobs were destroyed by the bush* recession. That sent a clear signal to the private sector that rightwing economic policies will help them destroy the american middle class.
 
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