Perhaps a Magic Act? (Full Version)

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LotusSong -> Perhaps a Magic Act? (9/18/2008 9:49:19 AM)

I've watched McCain tout that he is not going to raise taxes.  How is he going to reduce the deficit of a trillion+ caused by 8 years of republican's running the congress?  Pull it out of his ass?
 
I will gladly pay taxes to ensure the programs that support the people of America first- here in America.  (If sticky fingers were kept out of the Social Security fund.. it wouldn't be in trouble.  And not to worry, it's not only one party that had dipped into the piggy bank..it's been going on a looong time) 
 
What' so great about his "town hall meetings"?  If someone stands in protest of his policies they are hushed and hustled out.  A "disappearing act" I guess.









cloudboy -> RE: Perhaps a Magic Act? (9/18/2008 9:53:57 AM)


Its just an empty Republican platitude and an irresponsible statement.

I agree with you that he should concern himself less with taxes and more with responsible budgeting.

Back when Clinton raised taxes, every Republican in Congress sided against him and predicted economic stagnation would result. They were all wrong.

Tax policy should always be flexible to address economic and budget issues. Republicans, though, don't believe in this.



Mercnbeth -> RE: Perhaps a Magic Act? (9/18/2008 10:01:52 AM)

A good start would be cutting a few hundred Billion dollars from economic redistribution and failed social engineering experiments based upon 'good intent', 'for the children', and 'for the lobbyists'. Another couple of hundred billion can be realized by cutting foreign aid, and letting Iraq - who has a budget surplus, pay for their own countries security.

Do that - and he can initiate a tax cut~!



popeye1250 -> RE: Perhaps a Magic Act? (9/18/2008 10:05:14 AM)

quote:

ORIGINAL: Mercnbeth

A good start would be cutting a few hundred Billion dollars from economic redistribution and failed social engineering experiments based upon 'good intent', 'for the children', and 'for the lobbyists'. Another couple of hundred billion can be realized by cutting foreign aid, and letting Iraq - who has a budget surplus, pay for their own countries security.

Do that - and he can initiate a tax cut~!


Well said!
There is plenty of waste in govt.



housesub4you -> RE: Perhaps a Magic Act? (9/18/2008 10:10:18 AM)

There are a lot of "experts" that say neither McCains or Obama's tax plan will fix the problem, the truth is somewhere in the middle.

We are under Bushes tax cuts now and they don't seem to be working, the only thing changing is the amount the taxpayers have to pay for failed policies.  For some reason the rich are not using their tax savings to help fix the problem.  Go figure





kittinSol -> RE: Perhaps a Magic Act? (9/18/2008 10:10:52 AM)

quote:

ORIGINAL: popeye1250

quote:

ORIGINAL: Mercnbeth

A good start would be cutting a few hundred Billion dollars from economic redistribution and failed social engineering experiments based upon 'good intent', 'for the children', and 'for the lobbyists'. Another couple of hundred billion can be realized by cutting foreign aid, and letting Iraq - who has a budget surplus, pay for their own countries security.

Do that - and he can initiate a tax cut~!


Well said!
There is plenty of waste in govt.


Bullshit. What's costly is three TRILLION bucks for a stupid war, and 85 BILLION a pop for rescuing large financial institutions from their stupidity by borrowing dough at hugely inflated rate from China and the Middle East - and these are only tiny drops in an ocean of irresponsible spending.

Ah, but hold on... it's so much easier to blame the school children and the working single mothers for this disgusting mess, isn't it?



housesub4you -> RE: Perhaps a Magic Act? (9/18/2008 10:14:05 AM)

Yea the GOP never figure in the cost of all the money we are borrowing from China to pay for this war in their tax cuts. 



popeye1250 -> RE: Perhaps a Magic Act? (9/18/2008 10:14:48 AM)

Kittin, Merc said "Lobbyists" too.
And "Foreign Aid."



kittinSol -> RE: Perhaps a Magic Act? (9/18/2008 10:18:32 AM)

Yeah, throw the foreign aid in there as well, makes for a tastier COCKtail.



Thadius -> RE: Perhaps a Magic Act? (9/18/2008 10:21:22 AM)

Believe it or not, if discretionary spending growth was held to 2.4% getting the deficit and debt under control would be quite simple.  The hard part seems to be getting the folks in DC to spend at that rate or even lower.

I am still waiting to see how raising capital gains taxes and corporate taxes are going to stimulate the economy, in my mind that will be the magic trick.  The recent financial crunch is going to tighten capital for some time, and if there is increase in tax on investment that is only going to tighten it further.

Hell, Biden came out and said that raising taxes is patriotic.  Sounds like a great plan to me.[8|]



Vendaval -> RE: Perhaps a Magic Act? (9/18/2008 10:21:45 AM)

Perhaps he will simply have the Federal Reserve print more money is higher denominations.  That would solve all of our problems right?    (sarcasm people)



Thadius -> RE: Perhaps a Magic Act? (9/18/2008 10:22:50 AM)

quote:

ORIGINAL: housesub4you

Yea the GOP never figure in the cost of all the money we are borrowing from China to pay for this war in their tax cuts. 


You realize that revenues into the government have gone up 20% since the tax cuts?  SPENDING is the problem, and yes that includes the spending on the wars.



housesub4you -> RE: Perhaps a Magic Act? (9/18/2008 10:26:10 AM)

What no link[:D]

All I know is we are in debt, and with Bushes policies there is no end in sight, If the tax cuts are so great why are we in debt?  Other than the GOP spending like crazy for the last 7 years



Thadius -> RE: Perhaps a Magic Act? (9/18/2008 10:27:57 AM)

quote:

ORIGINAL: housesub4you

What no link[:D]

All I know is we are in debt, and with Bushes policies there is no end in sight, If the tax cuts are so great why are we in debt?


Spending.

You want a link showing which? That revenues have gone up, or that spending is out of control?


Edited to add: Even with your addition via edit... SPENDING is the problem.



housesub4you -> RE: Perhaps a Magic Act? (9/18/2008 10:30:30 AM)

Well we know spending is out of control, but it seems odd to me that the GOP blame it on the Dems when they have been spending with no vetoes for the last 7 years.

So how is McCain going to change that, it's his party that has been in control



Thadius -> RE: Perhaps a Magic Act? (9/18/2008 10:37:57 AM)

quote:

ORIGINAL: housesub4you

Well we know spending is out of control, but it seems odd to me that the GOP blame it on the Dems when they have been spending with no vetoes for the last 7 years.

So how is McCain going to change that, it's his party that has been in control


I think he put it in pretty easy to understand terms.  VETO.

I agree both parties have been fucking crazy when it comes to spending and that includes the insanity shown by the Repub controlled congress.

Now that we seem to be in agreement that spending is out of control.  How can anybody that is concerned about the debt and deficit endorse Obama with his spending proposals? [;)]



housesub4you -> RE: Perhaps a Magic Act? (9/18/2008 10:45:29 AM)

Well just like you support McCain and his tax cuts there are those that don't believe the BS being thrown around by the GOP about Obama's tax rates and how they will effect this country. 

My read is that 90% of this country will see lesser taxes while the top 10% see an increase, it has worked before and it will work again.

As to spending, well, I would like to believe McCain but once I see who he is being advised by it seems more of the same.  If he is so far from Bush, why hire over 169 of his aides?



Thadius -> RE: Perhaps a Magic Act? (9/18/2008 10:56:12 AM)

Obama has admitted that his tax increases would hurt the economy. 

This was published by the UnionLeader... Sep. 11, 2008
quote:

Sen. Barack Obama knows that tax increases harm the economy. So why does he still plan to raise taxes if he is elected President?

Obama plans to let a big portion of President Bush's tax cuts of 2001 and 2003 expire. That in itself would be a monumental tax increase. It also would push the U.S. corporate tax rate -- already the highest in the world -- higher.
In addition, Obama proposes raising taxes on Americans who earn more than $250,000 a year (but in fact many people earning much less than that would see their marginal tax rates go up under Obama's plan).

It would be one thing if Obama were merely wrong. If he thought that tax hikes helped economic growth, his tax-hiking scheme would still be harmful, but at least it would be innocently well-intentioned. But Obama knows better.
In an interview on ABC's "This Week" on Sunday, Obama was asked whether he would still raise taxes if the economy were in a recession when he became President. He said he'd have to see.

"I think we've got to take a look and see where the economy is. I mean, the economy is weak right now. The news with Freddie Mac and Fannie Mae, I think, along with the unemployment numbers, indicates that we're fragile."
That is a clear acknowledgement that raising taxes would have a negative impact on economic growth. But for Obama, slowing the economy is OK if it's growing, but possibly not OK if it is shrinking. That doesn't make any sense.



housesub4you -> RE: Perhaps a Magic Act? (9/18/2008 10:59:44 AM)

And the same can be said about McCain, that his will add over 300 Billion to the national debt.

So we lose either way, just seems with Obama we lose less



pahunkboy -> RE: Perhaps a Magic Act? (9/18/2008 11:05:17 AM)

well it IS a good thing that we UP'ed the salaries  of government wonks.   We were told we had to- due to a "brain drain"... so as to keep competent workers.

The government in its infinate wisdom, knows what it is doing.



just sayn'



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