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Obama: I'll cut $4 trillion

which of us do not pay as much in taxes as you ... and tell us how you know this information

well since I know i am well above the threshhold for the top one percent I have pretty good odds.

and your posts demonstrate that you most likely don't have that sort of income. and I was referencing another couple posters who have admitted that
 
we know you did not review his speech. he was quite explicit in his approach to achieve $4 Trillion in savings over 12 years

we call that being drunk on the koolaid
 
we call that being drunk on the koolaid

we actually note that you still have been unable to describe any aspct of his proposal which should be found unreasonable
 
we actually note that you still have been unable to describe any aspct of his proposal which should be found unreasonable

when you slurp obama you will not find any criticism of your lord and master reasonable

raising taxes on the rich is unreasonable because it only encourages dem politicians to spend and spend and spend running up the deficit more and more and more.

raising taxes on the rich doesn't deter the actions of the many in being seduced by promises of more spending
 
which of us do not pay as much in taxes as you ... and tell us how you know this information

How is anyone supposed to know what any of us makes or pays in taxes. So unless you think someone here broke into the IRS databank don't you think your question is a bit silly.

So my guess is no one will supply proof. If you want to say that yu earn in round numbers say 250k fine we should believe you and you are backing up what you are saying by agreeing to pay a higher tax rate. BTW, I think there are many people who earn 250K who may not like it but would not be distraught if their rate rate went up 4%.

If you believe in what Obama said today, then you agree in fairness. So a I think reasonable question is what percent of federal income taxes shold come from the top 5%. What percent should come from income in the 20-60 percentile. Obama is not about fairness truth be told it is cheap neighbor against neighbor warfare.

Here is something you might want to ponder and respond to. Why now, is class warfare such a longed for approach. Is it because many Americans no longer have the drive to have material sucess. Do you think that this fact ( if it is one) is why countries which have more aspirational goals are kicking our ass. Look to the leaders of high tech companies in Siliconevalley. How is it that many of these companies are run by people foreign born. Perhaps the nanny state we have created over the years has created a generation of non achievers.
 
How is anyone supposed to know what any of us makes or pays in taxes. So unless you think someone here broke into the IRS databank don't you think your question is a bit silly.

So my guess is no one will supply proof. If you want to say that yu earn in round numbers say 250k fine we should believe you and you are backing up what you are saying by agreeing to pay a higher tax rate. BTW, I think there are many people who earn 250K who may not like it but would not be distraught if their rate rate went up 4%.

If you believe in what Obama said today, then you agree in fairness. So a I think reasonable question is what percent of federal income taxes shold come from the top 5%. What percent should come from income in the 20-60 percentile. Obama is not about fairness truth be told it is cheap neighbor against neighbor warfare.

Here is something you might want to ponder and respond to. Why now, is class warfare such a longed for approach. Is it because many Americans no longer have the drive to have material sucess. Do you think that this fact ( if it is one) is why countries which have more aspirational goals are kicking our ass. Look to the leaders of high tech companies in Siliconevalley. How is it that many of these companies are run by people foreign born. Perhaps the nanny state we have created over the years has created a generation of non achievers.

the dems have made failure and lack of ambition easy because such people are more likely to support them. in winning elections the dems have created a nation of sloths.
 
How is anyone supposed to know what any of us makes or pays in taxes. So unless you think someone here broke into the IRS databank don't you think your question is a bit silly.

So my guess is no one will supply proof. If you want to say that yu earn in round numbers say 250k fine we should believe you and you are backing up what you are saying by agreeing to pay a higher tax rate. BTW, I think there are many people who earn 250K who may not like it but would not be distraught if their rate rate went up 4%.

If you believe in what Obama said today, then you agree in fairness. So a I think reasonable question is what percent of federal income taxes shold come from the top 5%. What percent should come from income in the 20-60 percentile. Obama is not about fairness truth be told it is cheap neighbor against neighbor warfare.

Here is something you might want to ponder and respond to. Why now, is class warfare such a longed for approach. Is it because many Americans no longer have the drive to have material sucess. Do you think that this fact ( if it is one) is why countries which have more aspirational goals are kicking our ass. Look to the leaders of high tech companies in Siliconevalley. How is it that many of these companies are run by people foreign born. Perhaps the nanny state we have created over the years has created a generation of non achievers.
i tire of having to explain posts to you. this is the last time

read this:
true-I tire of those who don't pay much in taxes telling me I need to pay more
notice how turtledude compares the tax he pays with other forum members
either he knows how much others pay in taxes or he doesn't know what he is posting about
i asked the question to be certain it was the latter ...

from here out you have to keep up on your own (or with another's assistance)
 
i tire of having to explain posts to you. this is the last time

read this:
notice how turtledude compares the tax he pays with other forum members
either he knows how much others pay in taxes or he doesn't know what he is posting about
i asked the question to be certain it was the latter ...

from here out you have to keep up on your own (or with another's assistance)

what do you for living justabubba

I paid over 300K in FIT last year

how about you?
 
he was quite explicit in his approach to achieve $4 Trillion in savings over 12 years

then harry will have something in writing in the next month or so

the 2012 budget process needs to be well underway by summer

good luck putting the puffs in prose
 
the dems have made failure and lack of ambition easy because such people are more likely to support them. in winning elections the dems have created a nation of sloths.

Look the base of his party. It would be ineresting to see what the total tax receipts are from his supporters. Back out the guilty rich hollyward stars and my sense is it would be tiny. Then look at how much Obama has thrown their way.

I am just guessing, but my snese is that many people who have comfortable retirement savings will be leaving this country, especially if he raises the death tax. it will also be a boon for tax accountants.

So he can try and raise my taxes. The result will be the U.S. will get zero and some other nation will be very happen to have a new resident who adds to their economy.

This is already happening to corporations as they move their headquarters. Who wants to put up with a moronic Wolf Blitzer demonizing a great company. I would bet dollars to doughnuts ne has no clue about the tax situation at GE. He never mentions that the finance arm lost billions a couple of years ago and has tax loss carry forwards.they also get incentives that Obama put in place as they have a huge green energy division. The people of this country ae financially illitierate. This allows headline grabing talking heads to spew their hatred and envy and their audiance eats it up becuase they dn't have a clue.
 
such an in depth rebuttal
color me convinced
sarcasm.gif

I wasnt trying to convince you or anyone else of anything...it was my opinion
 
i tire of having to explain posts to you. this is the last time

read this:
notice how turtledude compares the tax he pays with other forum members
either he knows how much others pay in taxes or he doesn't know what he is posting about
i asked the question to be certain it was the latter ...

from here out you have to keep up on your own (or with another's assistance)

Who cares what you tire of. You seem to be jealous of anyone who actually earns a fair wage. I tire of you as well. So let's make a pact. You don't post to me and I will not post to you.

I would rather save this time debating with people who have some undestanding of finance ot econmics on topics like these. So you need not apply.
 
Look the base of his party. It would be ineresting to see what the total tax receipts are from his supporters. Back out the guilty rich hollyward stars and my sense is it would be tiny. Then look at how much Obama has thrown their way.

I am just guessing, but my snese is that many people who have comfortable retirement savings will be leaving this country, especially if he raises the death tax. it will also be a boon for tax accountants.

So he can try and raise my taxes. The result will be the U.S. will get zero and some other nation will be very happen to have a new resident who adds to their economy.

This is already happening to corporations as they move their headquarters. Who wants to put up with a moronic Wolf Blitzer demonizing a great company. I would bet dollars to doughnuts ne has no clue about the tax situation at GE. He never mentions that the finance arm lost billions a couple of years ago and has tax loss carry forwards.they also get incentives that Obama put in place as they have a huge green energy division. The people of this country ae financially illitierate. This allows headline grabing talking heads to spew their hatred and envy and their audiance eats it up becuase they dn't have a clue.

a guy i grew up with was the son of a man who made millions in prefab home stuff. the son started his own company supporting that business. when dad decided to retire, he sold the business and moved to the Turks and Cacos. 50-75 million that the death tax won't get. as the economy globalizes more and more people can offshore and avoid the parasites. and those who depend on parasatizing others are going to have to take more and more from those who are left to sustain the habits of their addicted constituents
 
Who cares what you tire of. You seem to be jealous of anyone who actually earns a fair wage. I tire of you as well. So let's make a pact. You don't post to me and I will not post to you.

I would rather save this time debating with people who have some undestanding of finance ot econmics on topics like these. So you need not apply.

now that is some serious smack

bravo

that's a good one to say "good night" on
 
Most who run their mouths they will leave the country dont, if they do they all come back...its a treacherous world out there no place is as safe as the USA. I say whoever wants to go...cya <wave>

Obama should not raise taxs and Ryan should not decrease taxs.
Before I will agree to any plan, it needs to include a moratorium on all foreign aid, it needs to end subsidies for Rich corporations and pulling troops out of ridiculous spots in the world like Germany
Dont give me the liberal and conservative never ending BS talking points, I personally dont want to hear your crap anymore.

Were in debt fine, we have to do something about it..yes we do...but decreasing taxs does NADA for it and increasing them wont help...take that off the table on both sides till we are OUT OF DEBT then revisit it.
Cuts to medicare and social security and medicaid need to be coupled with as I stated stopping all foreign aid and subsidies but neither of them even gave that a mention or the billions it costs of for illegal immigration. Both liberals and conservatives are blowing smoke...The teaparty is only interested in taking from the middle class and giving to the rich and thats what ryans whole plan is all about or he wouldnt have been dumb enough to add tax cuts for only the richest americans...lets get serious lets get real and lets stop the left wing and the teaparty bs
Heres a little tidbit for my conservative friends...before Paul Ryans plan to enhance the rich and mangle the middle class plan came out...only 40% of americans were for increasing taxs on the rich...a new poll shows that number rose to 69%..know why ? middleclass and lower middleclass republicans are getting unhappy with the teapartys far right crap....Ok now all you diehard right wingers can take turns insulting me :) Im a big boy I can handle it...lol
 
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I just skimmed over the proposal and I have to say, it sucks. Government spending is going to exceed 40% of GDP in his plan? Are you kidding me?

Who said he owns the debate now? He doesn't own the debate unless he's trying to lose.
 
I just skimmed over the proposal and I have to say, it sucks. Government spending is going to exceed 40% of GDP in his plan? Are you kidding me?

Who said he owns the debate now? He doesn't own the debate unless he's trying to lose.

Ryan doesnt own the debate either...both plans suck...they dont address the real wasteful spending...ryans plan only attack entitlements and gives a gadzillion in tax cuts to the richest americans...americans arent going to buy it when the truth comes out

Stop giving hundred of billions to other countries STOP IT NOW at least until we get our house in order...I put this in another post and Ill repost it here...anyone with a brain the size of a pea knows big oil should not get s a dime in subsidies theyve been getting them for decades and they enjoyed super profits and CEOs with 400 million dollar retirements that WE ALL PAY FOR everytime we pay 4bucks a gallon for gas..stop all the subsidies unless there extenuationg circumstances...just doing those two things will save billions. Entitlements didnt cause this debt all alone...GE making 14billion and getting a 200 million tax credit instead of a tax bill is a fine example....
I for one am one american who is tired of listening to the BS I want to hear something real.
 
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So, he's going to cut spending by $4T over 12 years, while the Republicans say they'll cut it by the same amount in 10.

sure, sure, no doubt.

It sounds a lot like the campaign, when McCain said he would cut the deficit in half in four years, and Obama promised five. Words, meaningless words, goals that, even if achieved would not put our financial house in order.

Four trillion over 12 years amounts to an average of $300B a year, out of a deficit of 1.5 T, or 1/5 reduction on average per year.

Big deal.

We seriously need to balance the budget and start paying back the debt. The debt currently amounts to roughly one year's GDP.

If everyone paid a 100% tax, and were willing to continue to work, that is, for one year, that would pay off the debt, except for that year's spending of course.

The entire federal budget in 2000 was 1.7T, almost as much as the deficit alone is this year. Does anyone think that is sustainable? Anyone... anyone... going once, going twice, confirmed and implausible.
 
what do you for living justabubba

I paid over 300K in FIT last year

how about you?
If this is really true, it doesn't make much sense spending so much of your time here at DP. I'll bet your only one paying $300K a year in FIT that spends major time on a forum such as DP.
 
So, he's going to cut spending by $4T over 12 years, while the Republicans say they'll cut it by the same amount in 10.

sure, sure, no doubt.

It sounds a lot like the campaign, when McCain said he would cut the deficit in half in four years, and Obama promised five. Words, meaningless words, goals that, even if achieved would not put our financial house in order.

Four trillion over 12 years amounts to an average of $300B a year, out of a deficit of 1.5 T, or 1/5 reduction on average per year.

Big deal.

We seriously need to balance the budget and start paying back the debt. The debt currently amounts to roughly one year's GDP.

If everyone paid a 100% tax, and were willing to continue to work, that is, for one year, that would pay off the debt, except for that year's spending of course.

The entire federal budget in 2000 was 1.7T, almost as much as the deficit alone is this year. Does anyone think that is sustainable? Anyone... anyone... going once, going twice, confirmed and implausible.

I agree and you dont do that with either plan...ryans plan is dead in the water giving tax cuts to the richest americans ending the death tax and some other taxs his plan is more about giving the rich more than anything else and taking from the middleclass..I predict his plan will get more and more unpopular as it becomes more well known...Obamas plan is just as bad.
They need HUGE cuts like all foreign aid immediately..bring troops home from worthless posts around the world. Stop corporate gimmes subsidies tax breaks. Then work on SS and medicare and other entitlements without ripping everyones heart out.
Then when the debt is controlled revisit tax cuts for and other I WANTS. If they are going to be serious tax cuts off the table tax increases off the table then cut they real deal THEN work on entitlements...all ive seen from both sides is the lefts and rights wish list with the middle class paying the bill...pffffffffft
 
If this is really true, it doesn't make much sense spending so much of your time here at DP. I'll bet your only one paying $300K a year in FIT that spends major time on a forum such as DP.

Nah i know a conservative forum that has alot of members loaded up in cash...and all they talk about is shafting the working class...no one is entitled to a pension or health benefits they say...everyone has to pay for their own..and everyone should be happy some rich guy gives them a job and should accept whatever he wants to give them ..unions should be abolished by law private and public and there should be one tax rate for everyone....so to break it down they are all full of crap and full of themselves. Oh and thats why I left and searched for two weeks for another home..:) This place is great...I love the diverse membership...you actually get to learn things hearing all sides...
 
How much is a trillion?

If you were the most generous boss in the world, with a workforce of 1,000 people making an average of $1,000 per hour, your payroll would be $1,000,000 per hour, or $40 million for a forty hour week, just over $2B per year. At that rate, it would take nearly 500 years to pay out a trillion.

A hundred dollar bill weighs one gram. A thousand, then weigh a kilogram, and a million weigh a metric ton and are worth $100 million. Ten tons = a billion, and 10,000 tons = a trillion. Currently, the deficit amounts to 15, 000 tons of hundred dollar bills. The budget = 37,000 tons, and the debt is 140,000 tons of hundreds.

Can you imagine a pile of hundreds that weighs 37,000 tons? If you were to load them into a train with a fork lift capable of lifting a ton, and if you could load one every ten minutes, it would take you 370,000 minutes to load that train. That's over 6,000 hours. Working ten hour days, it would take the fork lift operator more than 600 days, nearly two years. Taking only limited time off for vacations, probably working six day weeks, two operators would have to operate two fork lifts loading $100 bills one ton at at time to feed the federal government.

Mind boggling, isn't it?
 
How much is a trillion?

If you were the most generous boss in the world, with a workforce of 1,000 people making an average of $1,000 per hour, your payroll would be $1,000,000 per hour, or $40 million for a forty hour week, just over $2B per year. At that rate, it would take nearly 500 years to pay out a trillion.

A hundred dollar bill weighs one gram. A thousand, then weigh a kilogram, and a million weigh a metric ton and are worth $100 million. Ten tons = a billion, and 10,000 tons = a trillion. Currently, the deficit amounts to 15, 000 tons of hundred dollar bills. The budget = 37,000 tons, and the debt is 140,000 tons of hundreds.

Can you imagine a pile of hundreds that weighs 37,000 tons? If you were to load them into a train with a fork lift capable of lifting a ton, and if you could load one every ten minutes, it would take you 370,000 minutes to load that train. That's over 6,000 hours. Working ten hour days, it would take the fork lift operator more than 600 days, nearly two years. Taking only limited time off for vacations, probably working six day weeks, two operators would have to operate two fork lifts loading $100 bills one ton at at time to feed the federal government.

Mind boggling, isn't it?

To put it more concisely, you live a million seconds every 11.6 days; it takes 31.7 years to live a billion seconds and 31,700 years to live a trillion seconds.
 
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squire, get back on topic. this isn't about supplying votes
taxing the millionaires and billionaires will provide additional revenues to diminish the accumulated national deficit

You could tax all the wealth that all the billionaires in the U.S. have and you still would only end up with even 10% of the money to pay off the debt.

Cutting Medicare, Medicaid and defense (along with many others) is the only realistic way to do it.
 
You could tax all the wealth that all the billionaires in the U.S. have and you still would only end up with even 10% of the money to pay off the debt.

Cutting Medicare, Medicaid and defense (along with many others) is the only realistic way to do it.

Nope wrong, theres so many ways to cut it besides gutting Social Security and Medicare but that would take some of the perks away from the pigs at the trough that the working class have been paying for.
Stop all subsidies to ALL companies immediately, just like the rich want the working class to take care of themselves, the working class want corporations to either take care of themselves or go bellyup and get out of the way for a successful company no more WORKING CLASS TAXPAYER HANDOUTS to the rich like big oil.
Stop all republican and democrat pet pigouts to their states and everyone gets the same no matter who is in power.
Stop all foreign aid NOW all of it immediately and keep that money right here and put it directly into paying down our debt.
Pull all troops home that cost us a fortune like in Germany, there is no reason for us to have so many bases in Germany to feed their economy bring them home put that cash on the debt, same with South Korea, tell them to have hyundai, Kia, Samsung, LG, and Goldstar pay for their defense we cant afford it anymore.
Have real Tort Reform stop these rich pig lawyer from feeding off the working class trough. Stop frivolous lawsuits that cost govt entities a fortune and make rich lawyers richer. End the endless Malpractice suits costing our health systems a fortune and making scumbags like John Edwards amass 150,000.000 dollar fortune and hes just one Malpractice lawyer.
There are so many ways to end the debt swiftly without attacking the working class like they are a pack of stray dogs.
Yes Social Security and medicare needs to be changed but not Paul Ryans plan to rape them and give it all to the rich in tax cuts, he has 3 or 4 different tax cuts in his plan for the rich and the rest of his plan sticks it to the working class.
Public Workers and auto workers and Walmart workers and waitress' and waiters and Kmart and Mc Donald cashiers that get up every morning and work weekends are not SCUMBAGS or lowlifes no they arent as successful as some of you but that doesnt mean they are not entitled to anything and you richy rich kids are entitled to it ALL. IF it werent for the working class who would wipe the spoiled brats behinds and cut their grass...they talk like everyone thats not wealthy and successful is a turd..
Personally, Ive heard enough of that vitriole.
 
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