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United States loses its AAA Credit rating from S & P

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Conservative said:
It really is amazing that individuals who apparently have never run a business always know what is best for those that do.
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And people that have run business always know what is best?

I bet the guys at Phillip Morris would love to hear that
 
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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Clinton increased taxes and put 22 million to work. bush* desrtoyed millions of jobs and wrecked the economy
 
sangha said:
The money they pay in taxes is not "their money". It's ours
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Who is "ours?" You believe that income earned by private citizens belongs to the govt? No wonder people are fleeing NY.
 
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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Federal revenue in terms of output is at a historic low; levels of this sort come about during the most strenuous of economic conditions (it happened in the 1930's). Can you identify why this is the case?
 
sangha said:
Clinton increased taxes and put 22 million to work.
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That certainly is your opinion that defies history but don't let that stop you from being wrong on yet another issue. There weren't 22 million jobs created during the Clinton Administration but we did have the dot.com bubble that burst in late 2000 and led to the recession of March 2001. Keep ignoring factual data to spout your talking points. By the way didn't Obama inherit a AAA credit rating from Bush?
 
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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Timing is everything. The key is to increase taxes once U-3 unemployment reaches a more acceptable level (such as 7.5%).
 
Conservative said:
That certainly is your opinion that defies history but don't let that stop you from being wrong on yet another issue. There weren't 22 million jobs created during the Clinton Administration but we did have the dot.com bubble that burst in late 2000 and led to the recession of March 2001. Keep ignoring factual data to spout your talking points. By the way didn't Obama inherit a AAA credit rating from Bush?
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Rightwingers can't handle the facts, like how clinton created 22 million jobs and bush* destroyed jobs and the economy
 
Goldenboy219 said:
Federal revenue in terms of output is at a historic low; levels of this sort come about during the most strenuous of economic conditions (it happened in the 1930's). Can you identify why this is the case?
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Yes, what do you expect when 65 million Americans earning income aren't paying taxes and 25 million unemployed or under employed Americans are paying very little in FIT? How does raising taxes put the unemployed back to work paying full taxes?
 
Conservative said:
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.
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Judging from the content of your post(s), i would say you have never ran a business. But who knows with this internetz thing....
 
sangha said:
Rightwingers can't handle the facts, like how clinton created 22 million jobs and bush* destroyed jobs and the economy
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Then you shouldn't have any problem showing BLS data that shows 22 million jobs created? What does that have to do with the thread topic however. Didn't Obama inherit a AAA credit rating from Bush?
 
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Conservative said:
Yes, what do you expect when 65 million Americans earning income aren't paying taxes and 25 million unemployed or under employed Americans are paying very little in FIT? How does raising taxes put the unemployed back to work paying full taxes?
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You just stated that there is a tax deficiency..... in the bold. Raising taxes at a later date is guaranteed! Cutting government spending will in fact cause total output to decrease on a per-dollar basis. Financial recessions are tricky!
 
 
Goldenboy219 said:
You just stated that there is a tax deficiency..... in the bold. Raising taxes at a later date is guaranteed! Cutting government spending will in fact cause total output to decrease on a per-dollar basis. Financial recessions are tricky!
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Govt. spending is a small component of GDP dwarfed by consumer spending and consumption. I will never support raising taxes until that 3.7 trillion dollar govt. is significantly reduced starting with rolling back spending to pre 2008 levels.
 
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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First of all, the 47% number is not accurate, so the calculation is inaccurate.

As for GHW Bush, it's pretty funny that you want to ignore W but go back three presidents to try and make your argument. Regardless, your memory seems to be flawed. Bush I initially proposed a balanced deficit reduction deal that included both spending cuts and tax increases. That package was defeated by REPUBLICANS. Democrats never agreed to 3:1 spending cuts.
 
AdamT said:
First of all, the 47% number is not accurate, so the calculation is inaccurate.

As for GHW Bush, it's pretty funny that you want to ignore W but go back three presidents to try and make your argument. Regardless, your memory seems to be flawed. Bush I initially proposed a balanced deficit reduction deal that included both spending cuts and tax increases. That package was defeated by REPUBLICANS. Democrats never agreed to 3:1 spending cuts.
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So the IRS is lying to us again. MSNBC Lying? Yahoo Finance lying? Only liberals tell the truth? You say it isn't accurate why? Prove it just like I proved with links that it happened.
 
Conservative said:
Yes, what do you expect when 65 million Americans earning income aren't paying taxes and 25 million unemployed or under employed Americans are paying very little in FIT? How does raising taxes put the unemployed back to work paying full taxes?
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Clinton raised taxes and created 22 million jobs and a growing economy. bush* cut taxes and destroyed millions of jobs and the economy
 
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