Bush Tax Cut Compromise

[Straw Man]

. 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

[Soul Crusher]

Straw - are you pissed off that obama is caving on the bush tax cuts? 

[Straw Man]

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

[tonymctones]

. 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

[Straw Man]

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

[Soul Crusher]

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.  
  

[Soul Crusher]

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. 

[Straw Man]

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

[tonymctones]

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...

[Soul Crusher]

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$%. 

 

[Straw Man]

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

[Straw Man]

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

[tonymctones]

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  

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?

[Soul Crusher]

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

[tonymctones]

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...

[Straw Man]

I know it did b/c you ARE...but i didnt start with insults I ended 
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?

[Soul Crusher]

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? 

[tonymctones]

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...

[Straw Man]

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

[Soul Crusher]

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.    

[Straw Man]

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

[Soul Crusher]

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.

   
   

[Straw Man]

     

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

[Soul Crusher]

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. 

[Soul Crusher]