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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Straw Man on November 11, 2010, 10:11:09 AM
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. edit - forgot to mention that the Repub plan would add ~ 36 billion to the deficit
people earing up to 200k will get a larger cut from Dems than from Repubs and even up to 500k the difference is negligible
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Straw - are you pissed off that obama is caving on the bush tax cuts?
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Straw - are you pissed off that obama is caving on the bush tax cuts?
I haven't heard the latest but I've been unhappy with Dem caving since the beginning of 2009
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. edit - forgot to mention that the Repub plan would add ~ 36 billion to the deficit
people earing up to 200k will get a larger cut from Dems than from Repubs and even up to 500k the difference is negligible
well seeing as the savings rate is about 6.9% or so think of it like this
the tax cuts actually injects 33.514 BILLION INTO THE ECONOMY!!!!
but hey lets not let facts get in the way right?
more parroting liberal idiots making you look like the same straw
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well seeing as the savings rate is about 6.9% or so think of it like this
the tax cuts actually injects 33.514 BILLION INTO THE ECONOMY!!!!
but hey lets not let facts get in the way right?
more parroting liberal idiots making you look like the same straw
why do you always START with insults
so if we give millionares more money that will stimulate the econony
you got any source for these claims which you've called "facts"
Aren't rich people more likely to save or invest their extra money while middle class people are more likely to spend it
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To be dead honest - i really dont see the need to extend tax cuts to people making over 1 Million a year. Most of those people have so many exemptions, gimmicks as it is.
What I would prefer is either a simple 3 rate structure w no exemptions or a flat national sales tax.
We also need to drastically curtail spending.
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why do you always START with insults
so if we give millionares more money that will stimulate the econony
you got any source for these claims which you've called "facts"
Aren't rich people more likely to save or invest their extra money while middle class people are more likely to spend it
Straw - the issue is that it is far better for savings and investmnts to be the basis of lending by banks as opposed to getting money from money printing at the fed.
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Straw - the issue is that it is far better for savings and investmnts to be the basis of lending by banks as opposed to getting money from money printing at the fed.
fine but what does that have to do with the proposed compromise on the tax cut question
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why do you always START with insults
so if we give millionares more money that will stimulate the econony
you got any source for these claims which you've called "facts"
Aren't rich people more likely to save or invest their extra money while middle class people are more likely to spend it
LOL I didnt start with insults I started with facts...
LOL look up the annual savings rate and multiple that by the 36 billion you say the tax cuts will add to the deficit(OH BY THE WAY HAVE ANY SOURCES TO BACK UP THAT IDIOTIC CLAIM?) then subtract that amount as that would be the money that wasnt saved as in it was spent or invested...
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fine but what does that have to do with the proposed compromise on the tax cut question
Actually nothing other than the fact that any compromise on this will be re-visted withn a year or two due to the politics of it.
Obama and the Dem congress should have dealt with this months ago and now its a complete cluster-F$%.
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LOL I didnt start with insults I started with facts...
LOL look up the annual savings rate and multiple that by the 36 billion you say the tax cuts will add to the deficit(OH BY THE WAY HAVE ANY SOURCES TO BACK UP THAT IDIOTIC CLAIM?) then subtract that amount as that would be the money that wasnt saved as in it was spent or invested...
your first post includes:
more parroting liberal idiots making you look like the same straw[/b]
and you haven't provided any proof of your so called facts
let's see it
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Actually nothing other than the fact that any compromise on this will be re-visted withn a year or two due to the politics of it. Obama and the Dem congress should have dealt with this months ago and now its a complete cluster-F$%.
that's fine with me
If the Repubs want more tax cuts for the rich then let them write the new legislation
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your first post includes:
and you haven't provided any proof of your so called facts
let's see it
I know it did b/c you ARE...but i didnt start with insults I ended :D ;)
you really think that the amount that isnt collected in taxes doesnt come back in some form for the most part? well if you do b/c youre a finance guy and should know that if youre not saving money youre spending or investing it...right? unless youre filling your mattress...
so do you really believe the 36 billion dollar number?
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that's fine with me
If the Repubs want more tax cuts for the rich then let them write the new legislation
We need to deal with reality. I think the commission Obama appointed made a good first step in that direction. Sure a lot of people are pissed But economic reality must come into play here.
Straw, have you ever seen this site?
www.usdebtclock.org
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your first post includes:
and you haven't provided any proof of your so called facts
let's see it
LOL you first Id like to see how you arrived at the 36 billion dollar number...
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I know it did b/c you ARE...but i didnt start with insults I ended :D ;)
you really think that the amount that isnt collected in taxes doesnt come back in some form for the most part? well if you do b/c youre a finance guy and should know that if youre not saving money youre spending or investing it...right? unless youre filling your mattress...
so do you really believe the 36 billion dollar number?
first post included an insult
why should I bother trying to have an actual dialogue with you
like I said - who is more likely to spend the money ......the middle class and poor or the weathly
All we keep hearing about this economy is that jobs will come back when demand increase.....thus consumer spending must come first
btw - my number came from the Wahshington Post who say it came fromt the Joint Commitee on Taxation.
http://www.washingtonpost.com/wp-dyn/content/story/2010/08/12/ST2010081200375.html
what's the source of your numbers again?
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first post included an insult
why should I bother trying to have an actual dialogue with you
like I said - who is more likely to spend the money ......the middle class and poor or the weathly
All we keep hearing about this economy is that jobs will come back when demand increase.....thus consumer spending must come first
btw - my number came from the Wahshington Post who say it came fromt the Joint Commitee on Taxation.
http://www.washingtonpost.com/wp-dyn/content/story/2010/08/12/ST2010081200375.html
what's the source of your numbers again?
Straw - we don't want middle class people spending more money!
We need people to save more money and get interest on their savings to form the basis of lending vs FED money printing schemes.
Do you watch any of the Schiff vids I post?
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first post included an insult
why should I bother trying to have an actual dialogue with you
like I said - who is more likely to spend the money ......the middle class and poor or the weathly
All we keep hearing about this economy is that jobs will come back when demand increase.....thus consumer spending must come first
btw - my number came from the Wahshington Post who say it came fromt the Joint Commitee on Taxation.
http://www.washingtonpost.com/wp-dyn/content/story/2010/08/12/ST2010081200375.html
what's the source of your numbers again?
LOL yes and how do they get that number straw?
you have to look at how they got the numbers, its like the CBO numbers on the health care bill which obviously werent accurate b/c of how they got them...
we may lose 36billion in taxes from individual income tax but how much of that money that stayed in the pockets of the citizens got put back into the economy?
thats the point...
you take such a simplistic view of it like the country as a whole just lost 36 billion well that money went someowhere bro...
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Straw - we don't want middle class people spending more money!
We need people to save more money and get interest on their savings to form the basis of lending vs FED money printing schemes.
Do you watch any of the Schiff vids I post?
we absolutely want people to spend money
that's been the problem
people who are out of work can't spend money and people who are worried about their job won't spend much either
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we absolutely want people to spend money
that's been the problem
people who are out of work can't spend money and people who are worried about their job won't spend much either
Yeah - just what we need - debt riddled people spending more money to finance consumption from products made in China. ::) ::)
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Yeah - just what we need - debt riddled people spending more money to finance consumption from products made in China. ::) ::)
who said anything about debt riddled people buying products from China
this is basic stuff man
we want consumer spending to increase
that's the whole point of any type of stimulation
shit - that's the argument for extending the tax cuts
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who said anything about debt riddled people buying products from China
this is basic stuff man
we want consumer spending to increase
that's the whole point of any type of stimulation
shit - that's the argument for extending the tax cuts
::) ::)
We tried that Straw - it did not work. "stimulus" is fucking bullshit and always has been. "Stimuluate" what?
We don't need more consumption - we need more production.
We need less bullshit "green" jobs and other stupid shit in health care, and more factories, production , industry, etc in things that generate actual wealth.
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::) ::)
We tried that Straw - it did not work. "stimulus" is fucking bullshit and always has been. "Stimuluate" what?
We don't need more consumption - we need more production.
We need less bullshit "green" jobs and other stupid shit in health care, and more factories, production , industry, etc in things that generate actual wealth.
you won't get increase in production until you have an increase in demand - aka - consumer spending and by consumer I'm talking about (by and large) the lower and middle classes. If you give those people a tax cut or a wage increase (like increasing minimum wage) they will SPEND it
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you won't get increase in production until you have an increase in demand - aka - consumer spending and by consumer I'm talking about (by and large) the lower and middle classes. If you give those people a tax cut or a wage increase (like increasing minimum wage) they will SPEND it
Sorry Straw - guess what - peoples health care costs - UP, food prices - UP, gasoline - UP, local property taxes - UP.
WHY? Inflation induced by the Federal Reserve and its money schemes to prop up an unsustainable fiscal model that is only getting worse with the likes of obamacare, the two wars, bloated federal govt, pensions out of control etc ec.
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Straw - please refute this
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Sorry Straw - guess what - peoples health care costs - UP, food prices - UP, gasoline - UP, local property taxes - UP.
WHY? Inflation induced by the Federal Reserve and its money schemes to prop up an unsustainable fiscal model that is only getting worse with the likes of obamacare, the two wars, bloated federal govt, pensions out of control etc ec.
The Fed is more concerned about deflation at this point than inflation
Straw - please refute this
Consumer spending is still quite anemic
The Fed is more concerned about deflation than inflation
Schiff is simply wrong that saving money is going to help the economy. It didn't do shit for Japan.
I'm not saying saving money is not good for an individual but it doesn't help the economy.
Back to the topif of this thread which is the Bush tax cuts. If you give a tax cut to lower income people they will spend it and that can help stimulate job growth and lead to more spending and more growth.
employers are not going to hire more people and buy more inventory with the expectation that it will increase consumption. It just doesn't work that way
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Straw- how can people spend more money on consumer goods when they are left with nothing already due torising cost of livingin basic staples like, food, energy, health carem, taxes, education, etc?
And so what if there is deflation in home prices? We need to still correct at least another 30% to get to historical norms after the massive increase we had the last decade.
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I'm not saying saving money is not good for an individual but it doesn't help the economy.
________________________ ________________________
True - in the short term is sucks for the economy - but in the long term it is better.
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I'm not saying saving money is not good for an individual but it doesn't help the economy.
________________________ ________________________
True - in the short term is sucks for the economy - but in the long term it is better.
it sure worked great for the Japanese
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LOL yes and how do they get that number straw?
you have to look at how they got the numbers, its like the CBO numbers on the health care bill which obviously werent accurate b/c of how they got them...
we may lose 36billion in taxes from individual income tax but how much of that money that stayed in the pockets of the citizens got put back into the economy?
thats the point...
you take such a simplistic view of it like the country as a whole just lost 36 billion well that money went someowhere bro...
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like I previously wrote - the number came from the Washington Post who said it came from the Joint Committee on Taxation (http://www.jct.gov/about-us/overview.html)
where did your numbers come from again?
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it sure worked great for the Japanese
Clueless - Japans' saving rate was not the cause of their problems.
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Clueless - Japans' saving rate was not the cause of their problems.
I didn't say it caused their problems did I?
Their economy crashed in 1990 and their ethic for personal savings didn't do shit to help the economy
I think savings is great (I'm a chronic saver myself) but it's not a cure to any of our problem
The idea that if we all start saving money that the banks will suddenly have more money and start lending is also nonsense (not saying you believe this but just giving you an example)
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like I previously wrote - the number came from the Washington Post who said it came from the Joint Committee on Taxation (http://www.jct.gov/about-us/overview.html)
where did your numbers come from again?
and how did they get those numbers brain child?
you took the CBO numbers on health care at face value and where did that get us??? ::)
how did they get the 36 billion?
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and how did they get those numbers brain child?
you took the CBO numbers on health care at face value and where did that get us??? ::)
how did they get the 36 billion?
Even the head of the CBO is sayng ObamaCare is a compelte trainwreck
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and how did they get those numbers brain child?
you took the CBO numbers on health care at face value and where did that get us??? ::)
how did they get the 36 billion?
I don't know where the joint committe on taxation got their numbers and I doubt you do either, especially since you not provided even one source for you numbers.....brain child
the point of this thread was the comparison of the Repub vs. Dem plan for the Bush Tax cuts
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I don't know where the joint committe on taxation got their numbers and I doubt you do either, especially since you not provided even one source for you numbers.....brain child
the point of this thread was the comparison of the Repub vs. Dem plan for the Bush Tax cuts
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/03/AR2010080305317.html
from your bastion of journalism straw...
so you dont know how they got the numbers? go here and see if you see anything in any of those publications about where the money goes...http://www.jct.gov/
i looked through 3 or 4 of the most recent and didnt see one aspect to cover that...
so lets say that they dont account for the money going back into the economy...
do you not understand that the tax cuts leave more money for ppl to spend? seeing as our annual savings rate is 6.4%