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United States loses its AAA Credit rating from S & P

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sangha said:
You're the one who keeps calling for tax hikes on millions of working americans. Keep ignoring your own words and principles; it's what the rightwing does
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Show me where "I" have called for tax hikes on millions of working Americans and in fact where have I ever called for tax hikes on anyone. I really don't care what even you pay in taxes or what you get to keep of your income. Interesting that I am on your side with regard to your increased take home pay due to tax cuts, if you work.
 
Conservative said:
It went to 65 million because the number of jobs has decreased thus the number of income earners has decreased thanks to Obama economic policies. 47% of 140 million employed Americans gives the 65 million.

Under Clinton we had the dot.com bubble that increased employment. There weren't 25 million unemployed or under employed Americans during the Clinton years nor the Bush years.

I have never claimed that taxes should be raised, only that those who believe we have a revenue problem are looking in the wrong places to get their revenue and ignore the impact that increase in taxes will have.

What I am saying is we need to cut spending, not increase taxes. You seem to believe we need to pay for a 3.7 trillion dollar govt. I am saying we need to cut that size of govt.

You have yet to answer the question about the 3.7 trillion dollar govt. or I haven't seen it. Why do we need a 3.7 trillion dollar govt paying for these expenses when many of them are duplicated by the states.

Expenses

Defense
International Affairs
Gen. Science, Space
Energy
Natural resources/env
Agriculture
Commerce
Transportation
Community Dev
Education/Train/Social
Health
Medicare
Income Security
Social Security
Veterans Benefits
Justice
General Govt.
Net Interest

By the way, do you notice anything on the list of expenses that shouldn't be in the general budget of the U.S?
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Well, I don't think the number of workers not paying taxes changed between your first and second posts, did it? Still waiting for that link to your numbers....

As I explained, the reason Democrats are looking more to the wealthy for tax increases is that it will have less impact on the economy.

As I've also explained, I think government spending can and should be cut, particularly in defense and through entitlement reform. I would also do away with agricultural and oil subsidies.

But even then, our revenue is insufficient to maintain a reasonable deficit.
 
Conservative said:
Show me where "I" have called for tax hikes on millions of working Americans and in fact where have I ever called for tax hikes on anyone. I really don't care what even you pay in taxes or what you get to keep of your income. Interesting that I am on your side with regard to your increased take home pay due to tax cuts, if you work.
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In post after post you have complained and posted lies about working americans who pay no taxes.
 
Boo Radley said:
As we don't have such a union here
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NO public sector units, huh?

that's awfully unusual these days

so unusual, in fact, it would make such a place a...

what was that word again?

oh, yeah---anomially

LOL!
 
AdamT said:
Well, I don't think the number of workers not paying taxes changed between your first and second posts, did it? Still waiting for that link to your numbers....

As I explained, the reason Democrats are looking more to the wealthy for tax increases is that it will have less impact on the economy.

As I've also explained, I think government spending can and should be cut, particularly in defense and through entitlement reform. I would also do away with agricultural and oil subsidies.

But even then, our revenue is insufficient to maintain a reasonable deficit.
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The link is easy, here is a link from a site that I know you are familiar with. Now take the 47% times the BLS number of actual income earners which is almost 140 million

Half of Americans pay no federal income tax - Business - Personal finance - Tax Tactics - msnbc.com

now I am waiting for an answer to my first question, why did Democrats renege on their promise to cut $3 in spending for every $1 in tax increases by GHW Bush?
 
sangha said:
In post after post you have complained and posted lies about working americans who pay no taxes.
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Typical liberal spin, that is a lie, Not complaining at all, only those who claim we aren't getting enough revenue like you are complaining
 
Occam's Razor said:
Nice post!

I would only add that this is more true of established business. Most businesses don't turn a profit until after year five. Once this has been achieved capital investment into new equipment is easier than hiring. Prior to that, hiring is the best way to manage growth.

For this reason, growth among smaller businesses is percentage wise, exponentially higher than that of established business, and why most job creation is with small business, not large corps.
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I disagree. Every business will be profitable in terms of either a revenue/cost basis, or via balance sheet expansion (inducing new investment). The old mantra of being able to borrow your way out of a marginal revenue < fixed costs situation only applies under the correct credit criteria. Generally speaking, if a firm is losing for 5 years, no bank will touch them IMHO.
 
Conservative said:
The link is easy, here is a link from a site that I know you are familiar with. Now take the 47% times the BLS number of actual income earners which is almost 140 million

Half of Americans pay no federal income tax - Business - Personal finance - Tax Tactics - msnbc.com

now I am waiting for an answer to my first question, why did Democrats renege on their promise to cut $3 in spending for every $1 in tax increases by GHW Bush?
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Your #'s are for 2009, the year we were operating under bush*'s job destruction program
 
sangha said:
Your #'s are for 2009, the year we were operating under bush*'s job destruction program
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So it is destructive to allow taxpayers to keep more of their money? Interesting.
 
winston53660 said:
Do you know anything about marginal utility?
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LOL, you don't seem to understand that we have a 3.7 trillion dollar Federal govt. that liberals want to fund with tax revenues but only from the rich and evil corporations. None understand how little those tax increases will benefit the Treasury.
 
Conservative said:
LOL, you don't seem to understand that we have a 3.7 trillion dollar Federal govt. that liberals want to fund with tax revenues but only from the rich and evil corporations. None understand how little those tax increases will benefit the Treasury.
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All you had to do was say you didn't know anything about marginal utility.
 
sangha said:
And there you go again :lol:
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You're wasting your time. All he is going to do is repost the same thing over and over until even he can believe it. People like that are in no way interested in a true meaningful meeting of the minds to correct a downward spiral. He is so full of hate all he wants is for the country to crash and burn so he can sling more propaganda around.
 
Polotick said:
You're wasting your time. All he is going to do is repost the same thing over and over until even he can believe it. People like that are in no way interested in a true meaningful meeting of the minds to correct a downward spiral. He is so full of hate all he wants is for the country to crash and burn so he can sling more propaganda around.
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Waiting for an answer to the question, how do tax increases put 25 million unemployed or employed Americans back to work or do you even care?
 
Goldenboy219 said:
Even in the event of increased use of automation e.g. electronic telephone answering systems, new jobs will be created from technicians to designers to inspectors.

The notion that there is some glut of business demand being drown out by regulation is nonsense. Maybe this crowd can put together a valid case of the most labor intensive production and services feeling a pinch from regulation (the largest would be the minimum wage), but this is only a positive reaction in both the short and long term.
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hey man, no disagreement here ;)
 
Conservative said:
Waiting for an answer to the question, how do tax increases put 25 million unemployed or employed Americans back to work or do you even care?
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You are a bit dense, aren't you? Since you didn't seem to get it from my last reply to you after your crude insults I will try once again. You are not worth my time, you have nothing meaningful to say IMO. This will be the last response you will ever receive from me so please, read for comprehension this time. **** off.
 
StillBallin75 said:
hey man, no disagreement here ;)
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It really is amazing that individuals who apparently have never run a business always know what is best for those that do. These same individuals always know what someone else spends and needs in the form of personal income. Unlike the govt. businesses cannot print money so they have to earn it and tax hikes, regulations, Obamacare increase costs of hiring and thus they aren't going to do it.
 
Polotick said:
You are a bit dense, aren't you? Since you didn't seem to get it from my last reply to you after your crude insults I will try once again. You are not worth my time, you have nothing meaningful to say IMO. This will be the last response you will ever receive from me so please, read for comprehension this time. **** off.
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Aw, gee, another liberal who cannot take the facts, logic, and common sense. What a surprise. The personal attacks are noted.
 
Polotick said:
You're wasting your time. All he is going to do is repost the same thing over and over until even he can believe it. People like that are in no way interested in a true meaningful meeting of the minds to correct a downward spiral. He is so full of hate all he wants is for the country to crash and burn so he can sling more propaganda around.
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That's why I will keep reposting my responses over and over again until the rightwingers tire of posting their lies and propoganda.
 
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