RE: Cantor walks out of meetings

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RE: Cantor walks out of meetings - 6/24/2011 4:11:38 PM

DarkSteven

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quote:

ORIGINAL: subrob1967

Good for Cantor, now if only the Republican leadership would only grow some balls.

What part of unsustainable do you progressives not understand? You can cry about the past all you want, but we're here, and it's now... Government has GOT TO STOP SPENDING! You could raise taxes back up to 90% and it wouldn't make a difference to revenue collected.

Um, that's just the point. The Reps want to cut spending, and the Dems want to raise taxes. Both are needed. That's the idea of negotiation. Bipartisan compromise used to be a given.

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RE: Cantor walks out of meetings - 6/24/2011 4:14:56 PM

SternSkipper

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quote:

Um, that's just the point. The Reps want to cut spending, and the Dems want to raise taxes. Both are needed. That's the idea of negotiation. Bipartisan compromise used to be a given.

While the neo-cons inside the beltway should and often DO most of the fucking DOLTS that vote them in think the world of politics is this black and white thing.

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RE: Cantor walks out of meetings - 6/24/2011 5:31:56 PM

slvemike4u

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quote:

ORIGINAL: subrob1967

Good for Cantor, now if only the Republican leadership would only grow some balls.

What part of unsustainable do you progressives not understand? You can cry about the past all you want, but we're here, and it's now... Government has GOT TO STOP SPENDING! You could raise taxes back up to 90% and it wouldn't make a difference to revenue collected.

And what you neo cons do not understand is that cutting spending(which Democrats are ready to negotiate) is only half of the equation...the other half is(and this is obvious to anyone with half a brain....oops that leaves you one half short) of course raising revenue( which asshole Republicans are not willing to discuss,thereby proving to anyone with half a brain...see above to determine where you stand.....that they are merely using the deficit as a political talking point).
When your side is ready to accept reality and actually govern....the Democrats will be sitting at the table you folks have stormed away from.

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RE: Cantor walks out of meetings - 6/24/2011 10:17:18 PM

errantgeek

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quote:

ORIGINAL: willbeurdaddy

also correct, though it ignores many factors other than tax rates. However, that has nothing to do with the Laffer curve, just the strawmen about it.

Uh, that's exactly what the Laffer curve was designed to illustrate.

Though, considering you said yourself it ignores other factors on state revenue, would you care explaining why the right continues to push it as the core basis for deregulation and reducing tax rates, implicitly suggesting the link between tax rates and revenue as illustrated by the Laffer curve is causative in nature and not merely correlative?

Especially given the last 60 years' of hard evidence suggesting an extraordinarily weak correlation if any between the two. Plus, the ten years of evidence, that if the Laffer curve were in fact as the Republicans push it, suggest the U.S. is actually on the left side and need to raise taxes for higher revenue opposed to lower them yet again which is exactly what the Republicans want to do.

< Message edited by errantgeek -- 6/24/2011 10:18:30 PM >

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RE: Cantor walks out of meetings - 6/24/2011 10:57:22 PM

Edwynn

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But then you point out the part of the Laffer curve that is conveniently ignored by its promoters, even if we take it half seriously.

That's right folks, once on the wrong side of the apex (or the zero of the function, if we go there), then reduction in taxes results in reduction in revenue, no 'benefit' from tax reduction beyond any economic sense to make up for the shortfall.

It's a curve, not a linear function.

I think it's safe to say we passed the apex to the negative returns side at least two or three tax cuts ago, but actually before that if we be honest about it.

And pardon me for being a broken record, but I wish people would get a clue to what harm subsidies and other tax breaks to the wealthiest corporations are doing to us, and I assure you that eliminating that would give a heavier swing to the revenue side than a couple of percent in tax rates.

< Message edited by Edwynn -- 6/24/2011 11:11:33 PM >

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RE: Cantor walks out of meetings - 6/25/2011 6:43:31 AM

mnottertail

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again the laffer curve is the first course first day of the course in high school calculus find the area under the curve. Except there is no actual curve that is described and the curve would actually have to be described for each income range. And what should those ranges be?

There is some point at which (at different times and inputs) revenue can be maximized for each income level.

Thats sound, and I can tell you how to win the lottery, but not which numbers to pick for any given lottery. That is equally as sound. (And I studied it with computers for years and can tell you all sorts of winning shit, and can give you a field of likely numbers) and your chances of winning (under very onerous circumstances) will net you a win in the lottery (any lottery if I have the data) in 20 years, the input costs in those 20 years would break anyone but Gates.

Cute but useless as is.

< Message edited by mnottertail -- 6/25/2011 6:44:02 AM >

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RE: Cantor walks out of meetings - 6/25/2011 5:01:29 PM

outhere69

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quote:

ORIGINAL: subrob1967
Good for Cantor, now if only the Republican leadership would only grow some balls.

What part of unsustainable do you progressives not understand? You can cry about the past all you want, but we're here, and it's now... Government has GOT TO STOP SPENDING! You could raise taxes back up to 90% and it wouldn't make a difference to revenue collected.

Rob, how are you going to cut $1.3 trillion a year? That's our yearly deficit. You'd need to completely de-fund the DoD and Medicare, IIRC. The discretionary side of the budget is about 30% of the whole, and whittling away at that's going to have about as much effect as a fart in a tornado.

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