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Obama Tax supporters=what is more important to you

Obama Tax Supporters=What is more Important to You

  • Saving the tax cuts for yourself (and the rich)

    Votes: 1 9.1%

  • Sticking it to the rich with a tax hike for everyone

    Votes: 10 90.9%
  • Total voters
    11
TurtleDude said:
I am merely pointing out the truth about those indolent middle class members who think their failure to make it is due to others
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The middle class is reading you and your "truth" loud and clear!
 
Catawba said:
See the 1990's, the only time in the last 30 years when we significantly reduced the deficit.
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yeah because Obama's poisonous tax hikes were salved by his good fortune of the dot com boom. the GOP forced cuts on Clinton
 
Catawba said:
The middle class is reading you and your "truth" loud and clear!
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Yeah its amazing how influential this board is. maybe 150 voters who have long made up their mind

but you do provide a most excellent prototype of what I talk about
 
TurtleDude said:
yeah because Obama's poisonous tax hikes were salved by his good fortune of the dot com boom. the GOP forced cuts on Clinton
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Right the GOP forced Clinton to increase tax rates for the wealthy and cut military spending while continuing to fully support SS and Medicare. Yeah that's the ticket! We need more of that kind of GOP forcing today! :lamo
 
Catawba said:
Right the GOP forced Clinton to increase tax rates for the wealthy and cut military spending while continuing to fully support SS and Medicare. Yeah that's the ticket! We need more of that kind of GOP forcing today! :lamo
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clinton's tax hikes along with his gun ban cost the dems congress for 12 years
 
TurtleDude said:
Yeah its amazing how influential this board is. maybe 150 voters who have long made up their mind

but you do provide a most excellent prototype of what I talk about
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You are espousing the same tired ass trickle down/financial deregulation GOP talking points of the last 30 years. You need to get out more if you think your arguments are original!
 
Catawba said:
You are espousing the same tired ass trickle down/financial deregulation GOP talking points of the last 30 years. You need to get out more if you think your arguments are original!
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its fun to see someone who is obviously deluded into thinking he is being trinkled on telling someone he thinks is a trinkler what is right.

I love this board, it allows those who brand themselves impotent yappers to rant rather than say committing crimes or vandalism

its a great place for those who consider themselves losers to vent
 
TurtleDude said:
clinton's tax hikes along with his gun ban cost the dems congress for 12 years
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Nope, the voters just forgot what a failure trickle down economics and financial deregulation was until W. Bush illustrated them again which is how the Democrats regained the White House and Congress. Since the middle class has still not recovered from W's illustration of trickle down economics and financial deregulation, its unlikely they will fall for it again so soon.

Interesting how you are concerned about the deficit, until it is shown to you how reducing it was achieved.
 
Catawba said:
Nope, the voters just forgot what a failure trickle down economics and financial deregulation was until W. Bush illustrated them again which is how the Democrats regained the White House and Congress. Since the middle class has still not recovered from W's illustration of how trickle down economics and financial deregulation, its unlikely they will fall for it again so soon.

Interesting how you are concerned about the deficit, until it is shown to you how reducing it was achieved.
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I want far less government-probably so much less many like you would starve
 
TurtleDude said:
I want far less government-probably so much less many like you would starve
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Well let's start with the most wasteful and of least benefit to the majority of Americans, the excessive military spending that is almost as much as the rest of the world combined, along with providing tax cuts that provide no benefit to the majority of the country.
 
Catawba said:
Well let's start with the most wasteful and of least benefit to the majority of Americans, the excessive military spending that is almost as much as the rest of the world combined, along with providing tax cuts that provide no benefit to the majority of the country.
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opinion noted not shared. The military wastes lots of money but is constitutional. the welfare state wastes more money, creates tons of dependent government tit sucklers who vote for more and more big government
 
Catawba said:
Well let's start with the most wasteful and of least benefit to the majority of Americans, the excessive military spending that is almost as much as the rest of the world combined, along with providing tax cuts that provide no benefit to the majority of the country.
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Knew those were first on your list. So, what's next?
 
Catawba said:
Nope, the voters just forgot what a failure trickle down economics and financial deregulation was until W. Bush illustrated them again which is how the Democrats regained the White House and Congress. Since the middle class has still not recovered from W's illustration of trickle down economics and financial deregulation, its unlikely they will fall for it again so soon.

Interesting how you are concerned about the deficit, until it is shown to you how reducing it was achieved.
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Commodities Futures Modernization Act 2000
Financial Services Modernization Act of 1999
 
TurtleDude said:
opinion noted not shared. The military wastes lots of money but is constitutional.
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Cite where wasteful military spending is authorized in the Constitution?



the welfare state wastes more money, creates tons of dependent government tit sucklers who vote for more and more big government
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That is an opinion only held by the far right. The majority of the country and its rule of law have determined that SS and Medicare are Constitutional.

But don't let the rule of law get in the way, only lawyers and those concerned with upholding the law need concern themselves with the rule of law.
 
Catawba said:
Cite where wasteful military spending is authorized in the Constitution?





That is an opinion only held by the far right. The majority of the country and its rule of law have determined that SS and Medicare are Constitutional.

But don't let the rule of law get in the way, only lawyers and those concerned with upholding the law need concern themselves with the rule of law.
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the majority are pawns of rich elitists of both parties. the dems tend to manipulate them better because rich dems have less principles-such as whining about the rich in order to become rich through the government

as to your first point-military spending is authorized

welfare socialism is not
 
Neomalthusian said:
Knew those were first on your list. So, what's next?
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Naturally, as they are the most wasteful. Next I would re-institute the Glass-Steagall Act to prevent future bailouts of banks too big to fail, then I would upgrade our health care system to UHC thereby cutting future health care costs in half, then I would increase the FICA Cap from $106,000 to $180,000 fixing social security for the long term. Then I would look at increasing minimum wage to a living wage as an alternative to welfare for all those except the disabled.
 
Aberration said:
Commodities Futures Modernization Act 2000
Financial Services Modernization Act of 1999
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That's part of the financial deregulation over the last 30 years, here is the rest:

"1978, Marquette vs. First of Omaha – Supreme Court allows banks to export the usury
laws of their home state nationwide and sets off a competitive wave of deregulation,
resulting in the complete elimination of usury rate ceilings in South Dakota and Delaware,
among others.

1980, Depository Institutions Deregulation and Monetary Control Act – Legislation
increases deposit insurance from $40,000 to $100,000, authorizes new authority to thrift
institutions, and calls for the complete phase-out of interest rate ceilings on deposit
accounts.

1982, Garn-St. Germain Depository Institutions Act – Bill deregulates thrifts almost
entirely, allowing commercial lending and providing for a new account to compete with
money market mutual funds. This was a Reagan administration initiative that passed with
strong bi-partisan support.

1987, FSLIC Insolvency – GAO declares the deposit insurance fund of the savings and
loan industry to be insolvent as a result of mounting institutional failures.

1989, Financial Institutions Reform and Recovery Act – Act abolishes the Federal Home
Loan Bank Board and FSLIC, transferring them to OTS and the FDIC, respectively. The
plan also creates the Resolution Trust Corporation to resolve failed thrifts.

1994, Riegle-Neal Interstate Banking and Branching Efficiency Act – This bill
eliminated previous restrictions on interstate banking and branching. It passed with broad bi-
partisan support.

1996, Fed Reinterprets Glass-Steagall – Federal Reserve reinterprets the Glass-Steagall
Act several times, eventually allowing bank holding companies to earn up to 25 percent of
their revenues in investment banking.

1998, Citicorp-Travelers Merger – Citigroup, Inc. merges a commercial bank with an
insurance company that owns an investment bank to form the world’s largest financial
services company.

1999, Gramm-Leach-Bliley Act – With support from Fed Chairman Greenspan, Treasury
Secretary Rubin and his successor Lawrence Summers, the bill repeals the Glass-Steagall Act
completely.

2000, Commodity Futures Modernization Act – Passed with support from the Clinton
Administration, including Treasury Secretary Lawrence Summers, and bi-partisan support in
Congress. The bill prevented the Commodity Futures Trading Commission from regulating
most over-the-counter derivative contracts, including credit default swaps.

2004, Voluntary Regulation – The SEC proposes a system of voluntary regulation under
the Consolidated Supervised Entities program, allowing investment banks to hold less capital
in reserve and increase leverage.

2007, Subprime Mortgage Crisis – Defaults on subprime loans send shockwaves
throughout the secondary mortgage market and the entire financial system.

December 2007, Term Auction Facility – Special liquidity facility of the Federal Reserve
lends to depository institutions. Unlike lending through the discount window, there is no
public disclosure on loans made through this facility.

March 2008, Bear Stearns Collapse – The investment bank is sold to JP Morgan Chase
with assistance from the Federal Reserve.

March 2008, Primary Dealer Facilities – Special lending facilities open the discount
window to investment banks, accepting a broad range of asset-backed securities as collateral.

July 2008, Housing and Economic Recovery Act – Provides guarantees on new
mortgages to subprime borrowers and authorizes a new federal agency, the FHFA, which
eventually places Fannie Mae and Freddie Mac into conservatorship.

September 2008, Lehman Brothers Collapse – Investment bank files for Chapter 11
bankruptcy.

October 2008, Emergency Economic Stabilization Act – Bill authorizes the Treasury to
establish the Troubled Asset Relief Program to purchase distressed mortgage-backed
securities and inject capital into the nation’s banking system. Also increases deposit
insurance from $100,000 to $250,000.

Late 2008, Money Market Liquidity Facilities – Federal Reserve facilities created to
facilitate the purchase of various money market instruments.

March 2009, Public-Private Investment Program – Treasury Secretary Timothy Geithner
introduces his plan to subsidize the purchase of toxic assets with government guarantees."

https://docs.google.com/viewer?a=v&q=cache:ujhq9ArhoYQJ:www.openthegovernment.org/otg/dereg-timeline-2009-07.pdf+financial+deregulation+timeline&hl=en&gl=us&pid=bl&srcid=ADGEESiVmtYK5iq1ZwgouoyprExqj8WOwZTsT9yNg4BDfdY_dje47SFYBWxLgtWaDswcHIqDcC_jKZzn2cYElRCKfV5RtY2PFG5OMR-sBq3p5OXX2-xt9tufwGhP_Z2YOEddc_-3Rwfg&sig=AHIEtbQu8sHnZhfZFIf36rfWQaVZCdB-dQ
 
TurtleDude said:
the majority are pawns of rich elitists of both parties. the dems tend to manipulate them better because rich dems have less principles-such as whining about the rich in order to become rich through the government

as to your first point-military spending is authorized

welfare socialism is not
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You failed to cite where wasteful military spending is authorized under the Constitution as you previously claimed. Please try again!
 
Catawba said:
You failed to cite where wasteful military spending is authorized under the Constitution as you previously claimed. Please try again!
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the constitution does not specify and you know it

but military spending is allowed
 
TurtleDude said:
the constitution does not specify and you know it

but military spending is allowed
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Defense spending only is allowed, there is nothing that allows wasteful spending by the military to increase world hegemony for the benefit of the wealthy, as you suggest it does.
 
Catawba said:
Defense spending only is allowed, there is nothing that allows wasteful spending by the military to increase world hegemony for the benefit of the wealthy, as you suggest it does.
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you have any citations supporting that idiocy and who decides if it is wasteful?
 
Thunder said:
the GOP is notorious for pushing through money for DOD projects that the DOD itself doesn't want and considers to be a waste.
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there is some truth to that-some of it involves paying off contractors of powerful politicians

but its not near the waste that the stuff that has no proper constitutional basis racks up
 
TurtleDude said:
I will try to explain it to you so you can understand

what drives the deficit? it is too much spending
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One would have thought that a fancy Ivy league institution would have had access to books where they explained that a budget had two sides. An imbalance in that budget could then be attributed to both sides.

Perhaps Yale is not quite cracked up to what it claims to be?
 
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