RE: Paul Ryan's math (Full Version)

All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion



Message


Yachtie -> RE: Paul Ryan's math (10/1/2012 8:16:01 AM)


quote:

ORIGINAL: mnottertail
That entitlement class, is that the 47% or is that the 53% or is that the 1%.   I don't see the 'entitlement' class doing anything but howling about lowering taxes for corporations.


Way to address what I wrote[8|]






mnottertail -> RE: Paul Ryan's math (10/1/2012 8:17:12 AM)

Well, you haven't written anything of value, now have you?




Yachtie -> RE: Paul Ryan's math (10/1/2012 8:19:34 AM)


quote:

ORIGINAL: mnottertail

Well, you haven't written anything of value, now have you?


[self moderated][8|]




farglebargle -> RE: Paul Ryan's math (10/1/2012 9:26:54 AM)

Why don't we do this, charge sales tax on stock and bond transactions. That's 12 billion dollars a day in revenue to just New York State....




mnottertail -> RE: Paul Ryan's math (10/1/2012 9:35:48 AM)

quote:

ORIGINAL: Yachtie


quote:

ORIGINAL: kalikshama

He asked you a clarifying question as to which entitlement class you referred.



He gave me three choices. Besides, which entitlement class, his 47%, 53% or 1%, is he referring to howling about lowering taxes for corporations?

Really, I don't see anything worth responding to. Besides, one does not end a question with a period[8|]



It was rhetorical, because I know the 'entitlement' class you are referring to.  And I know the 'entitlement'  classes you are not referring to.

And thats why I am saying that the notion is valueless.





Yachtie -> RE: Paul Ryan's math (10/1/2012 9:38:51 AM)


quote:

ORIGINAL: mnottertail

It was rhetorical, because I know the 'entitlement' class you are referring to.  And I know the 'entitlement'  classes you are not referring to.

And thats why I am saying that the notion is valueless.



Still have to pay for it all, which cannot be done.




mnottertail -> RE: Paul Ryan's math (10/1/2012 9:49:27 AM)

Which is my entire and only point. Simpletonian economics won't get us in good fiscal shape, we need (as was pointed out way back in the Reagan days with the WR Grace report) some fundamental changes in the way we do things in government and national life.   Across the board.




SternSkipper -> RE: Paul Ryan's math (10/1/2012 11:34:32 AM)

Ron... so glad I caught you. I wanted to discuss a business proposition. In the rather unlikely event that that Ryan's FUBARnomics wins out (ryan's middle class destruction plan is really the deal, since Romney doesn't fucking have one), I plan to launch a company called WifeAlert<tm>. An in-home product and service that notifies needle-dicked republicans when their wives start getting pounded by all those Americans in the 47% that will be cast aside who will out revenge-seducing their wives while they're out "Job-creatin'". And I'm going to want a VP in charge of Marketing who could sell abortions to a minister's wife.




mnottertail -> RE: Paul Ryan's math (10/1/2012 11:36:24 AM)

Oh, if I am VP of marketing, there is gonna be a huge 'sucking' sound, I gar-un-fuckin-tee. 




SternSkipper -> RE: Paul Ryan's math (10/1/2012 12:33:45 PM)

As long as it's being made using Mrs VanderHo's ass, go for it.




DesideriScuri -> RE: Paul Ryan's math (10/1/2012 1:27:12 PM)

quote:

ORIGINAL: cloudboy
quote:

While the plan does cut tax rates, it is "revenue neutral." The reduction in tax revenues from lower rates will be made up for by some combination of increased economics and - and this is the part that most critics ignore - the plan also calls for getting rid of most, if not all, loopholes, carve outs, or whatever you want to call them.

You are not making any sense. Can you cite one example from history where cutting taxes helped reduce the national deficit? Its never happened. The deficit can only be reduced by raising taxes. Raising taxes on the wealthy won't kill the economy either, that's a myth.


Have a quick peek at the tax revenues and expenditures on the OMB website. It's interesting to note that of Bush's 8 years in office, 5 had higher revenues than any of Clinton's years. No hogwash. Them's the facts.

And, this thread wasn't about reducing the deficit. It was about cutting tax rates and remaining revenue neutral.

To address your smoke and mirrors, I'll show you that there are only three ways to reduce the deficit.
    1. Increase taxes to the point that spending is less than revenues.
    2. Decrease spending to the point that it's less than revenues.
    3. Some mixture of the first 2.


Since you have not said anything about spending, I am going to have to assume you don't know about spending. You see, when you take the amount coming into government and the amount going out of government, you plug it into an intense mathemagical equation called, "subtraction," you get to see if you've spent more than you've brought in. There are two variables. Revenues, as I've said, have gone up and have continued to go up (Obama's "worst" revenue year was better, I think, than Clinton's best. It's not a revenues issue. It's a spending issue. Revenues are up, but spending is ridiculously up (and, that means Bush and Obama are both to be blamed for this.

quote:

Clinton controlled spending (unlike Republican Presidents) and increased taxes. He's the only President in our lifetime to run a balanced budget. Every Republican at the time said his policy would ruin the US economy.
The most important achievement in political economy in the Clinton yeas was reducing the federal deficit. Just before his inauguration Clinton held an economic summit in Little Rock, at which academic, business executives, and financiers one after another moaned about how huge federal borrowing to cover debt was making capital too expensive to allow industry to grow. One year later Clinton had rammed through a tax-and -budget bill that turned a chronic deficit into a surplus.
The anti-deficit drive was controversial within the Democratic Party, because Clinton seemed to be truckling to financial markets rather than spending more for education and health. It was bitterly resisted by the Republicans; every single Republican member of Congress voted against the new taxes in the plan. It was an enormous gamble on Clinton's part: he had Al Gore cast the tie-breaking vote in the Senate. The historical judgment has to be that it paid off, for Clinton, and, of vastly more importance, for the country.

--James Fallows


LMAO!!

Clinton controlled spending?!?

Clinton balanced the budget?

Unless you are incorrectly going to claim that Clinton's tax policies created the internet, you can't credit his tax policies for a balanced budget. He was lucky to be in office when the internet phenomenon hit. That's all Clinton did to balance the budget.






kalikshama -> RE: Paul Ryan's math (10/1/2012 3:12:57 PM)

quote:

ORIGINAL: Yachtie

quote:

ORIGINAL: mnottertail
That entitlement class, is that the 47% or is that the 53% or is that the 1%.   I don't see the 'entitlement' class doing anything but howling about lowering taxes for corporations.


Way to address what I wrote[8|]


He asked you a clarifying question as to which entitlement class you referred.

CORPORATE WELFARE QUEENS

BY JAMES SUROWIECKI

Mitt Romney once seemed like a moderate technocrat. But, as the Republican Convention and the video leak of his comments about the “forty-seven per cent” of Americans who “believe that they are victims” made clear, Romney now seems to fancy himself a small-government zealot, who promises the end of the culture of entitlement. Yet even as he assails people on Medicaid and Social Security, and those who receive the earned-income tax credit, for being “dependent upon government,” Romney has had strikingly little to say about another prominent group that’s “dependent upon government”: the many American companies whose profits rely, in one form or another, on government assistance.

...Corporate welfare isn’t necessarily a bad thing. Some of these giveaways arguably do a lot of good. But companies that benefit from these policies are just as dependent on the government as the guy who gets the earned-income tax credit. And, when Romney concentrates his fire on the latter rather than on the former, it makes you wonder if his problem isn’t with government assistance per se, but only with government assistance to poor and working people. Romney may say that he wants small government, but what he’s pushing for is a government that’s small when it comes to helping people and big when it comes to helping business.

http://www.newyorker.com/talk/financial/2012/10/08/121008ta_talk_surowiecki#ixzz2845m7UzQ




cloudboy -> RE: Paul Ryan's math (10/1/2012 7:38:49 PM)

According to the Economics book I have been reading, tax cuts can stimulate economic growth -- but that growth has never been substantial enough to pay for the loss in tax revenue. So, there's no point on the laffer curve to pay for tax cuts. Tax cuts lead to less tax revenue, not more. This is a fact. Historically there's never been an exception. Ever. At all. At any time.

Next, there won't be any job creation by giving the wealthy tax cuts b/c the problem dragging the US economy down is a lack of consumer demand and confidence. A wise policy might actually be increasing taxes on the wealthy (who won't drive consumer demand) to pump more money into consumption. This is arguably the laffer curve in reverse, because if the economy improves, the wealthy should make a killing in the stock market and the businesses they own.




cloudboy -> RE: Paul Ryan's math (10/1/2012 8:10:34 PM)

From 1993-2000 the Clinton budget started out at: $1,409,386 (1993) and ended up in 2000 at $1,788,950 (in millions of dollars.)

The US Government budget went up 26% in eight years. That about a 3.3% growth rate a year.

Let's compare that to Reagan and GWB.

Reagan went from $599,272 (1981) to $1,064,416 (1988). (in millions of dollars.) The US government budget under Reagan went up 77% increasing at a pace of about 9.5% a year.

GWB went from 1,862,846 (2001) to 2,982,544 (2008). The US government budget went up about 60% increasing year over year by about 7.5%. A lot of that money was $$ poured down the drain in poorly executed wars.

These are the numbers. As you can clearly see, Clinton Controlled spending better than any of his peers by a significant margin of at least 2.5 - 1.




DesideriScuri -> RE: Paul Ryan's math (10/1/2012 8:20:53 PM)

quote:

ORIGINAL: cloudboy
From 1992-2000 the Clinton budget started out at: $1,409,386 (1993) and ended up in 2000 at $1,788,950 (in millions of dollars.)
The US Government budget went up 26% in eight years. That about a 3.3% growth rate a year.
Let's compare that to Reagan and GWB.
Reagan went from $599,272 (1981) to $1,064,416 (1988). (in millions of dollars.) The US government budget under Reagan went up 77% increasing at a pace of about 9.5% a year.
GWB went from 1,862,846 (2001) to 2,982,544 (2008). The US government budget went up about 60% increasing year over year by about 7.5%. A lot of that money was $$ poured down the drain in poorly executed wars.
These are the numbers. As you can clearly see, Clinton Controlled spending better than any of his peers by a significant margin of at least 2.5 - 1.


Good fucking Lord. That's abso-fucking-lutely re-cock-ulous. You're going to compare Clinton's Presidency to Reagan's and W's? Care to compare the global events of those Presidency's to put everything in context?

Of course not.




graceadieu -> RE: Paul Ryan's math (10/1/2012 11:20:21 PM)

quote:

ORIGINAL: DarkSteven

I don't believe it, but here's the argument. The whole concept of trickle-down is that, if money does not go to the government, it will go to the private sector and spur economic activity. Trickle-down holds that at the proper location on the Laffer curve, each dollar of tax cuts simulates enough economic activity that the marginal increase in taxes directly due to that activity is worth MORE than a dollar.


I could buy that if taxes were so high that most people could never afford to buy anything and a business could never possibly make a profit. Like if everybody's income tax were 80%. I mean, look at communist countries where the government basically takes everything everyone makes, like North Korea or Cuba. That's put a big damper on their economy.

But obviously that's not the case here, so I'll think about a more realistic case. Let's say someone's making $40,000 and paying 20% in taxes which get cut 20%, and businesses also pay 20% in taxes. That's kind of hypothetical but we'll go with it. So that guy pays $8,000 in income tax, and then because of tax cuts now pay $6,400 and uses that $1,600 to buy some stuff at Best Buy.

Best Buy's profit would have to grow by $8,000 to make up for the tax cut. Really they'd probably make like $500 or $1,000 from that guy. You could say, well, they use that money to help pay a new cashier which would cause growth, but minimum wage workers aren't going to pay income tax anyway, so that doesn't help make up the tax. I guess that cashier would spend some money that would stimulate another business a little, and some factory in Japan would make some more profit too because they built another TV, but I dunno, I just can't quite believe either that $1,600 in spending could create $8,000 in economic growth in the US.




graceadieu -> RE: Paul Ryan's math (10/1/2012 11:33:51 PM)


quote:

ORIGINAL: Yachtie


quote:

ORIGINAL: mnottertail
Cute, one does not reduce outlays by reduction of income.


Of course not. One must reduce outlays to a sustainable outlay of one tax dollar in one tax dollar out. It's impossible to outlay two or three out for each one in. Even the wealthy cannot support that bill.

But that is exactly what is being demanded by the entitlement class, and it's going to be hell when it collapses.


Sure. Which is why I think you need both spending cuts and revenue increases to balance the budget. If we go from $1 in per $1.56 out (last year's actual figure) to 80¢ in per $1.20 out, we haven't really solved the problem.




cloudboy -> RE: Paul Ryan's math (10/2/2012 5:29:15 AM)

quote:

Good fucking Lord. That's abso-fucking-lutely re-cock-ulous. You're going to compare Clinton's Presidency to Reagan's and W's? Care to compare the global events of those Presidency's to put everything in context?

Of course not.


We know you don't like the comparison b/c it impeaches your views. You just laughed at the notion that Clinton controlled spending, but then when you are shown the hard numbers you dismiss them. But, this comparison shows the mythology of Republican Fiscal Conservatism better than anything. Reagan, during peacetime, turned the US from the world's largest creditor into the world's largest debtor nation. Bush turned a surplus into a massive deficit.

Reagan could have foregone his massive military buildup, which was based on the exaggerated threat of the USSR (which imploded from within), and BUSH could have cleaned Al Qaeda out of Afghanistan and then used proxies to hold power. Instead, he elected to occupy two (2) hostile countries at astronomical tax-payer cost while slashing taxes for the wealthy. (That had never been done before in the history of the USA.)

Clinton kept spending low. He did not send troops overseas to occupy Somalia, Rhwanda, or Yugoslavia, and he did not exaggerate foreign threats to ramp up defense spending.

Clinton can do the SUNDAY NYT Crossword puzzle in about two minutes; GWB was a recovered alcoholic, fundamentalist Christian, who spoke poorly. Reagan had Alzheimer's during his second term.

These are the facts, jack.




crazyml -> RE: Paul Ryan's math (10/2/2012 5:49:16 AM)

O/T.... Could Clinton stand again?

ED to add...

No crazyml, he can't. Fuck, why don't you google shit before asking stupid questions?


Ed to add...

Doh, sorry.




DesideriScuri -> RE: Paul Ryan's math (10/2/2012 7:29:49 AM)

quote:

ORIGINAL: cloudboy
quote:

Good fucking Lord. That's abso-fucking-lutely re-cock-ulous. You're going to compare Clinton's Presidency to Reagan's and W's? Care to compare the global events of those Presidency's to put everything in context?
Of course not.

We know you don't like the comparison b/c it impeaches your views. You just laughed at the notion that Clinton controlled spending, but then when you are shown the hard numbers you dismiss them.But, this comparison shows the mythology of Republican Fiscal Conservatism better than anything. Reagan, during peacetime, turned the US from the world's largest creditor into the world's largest debtor nation. Bush turned a surplus into a massive deficit.


You are completely ignoring the limitations the Republican-led legislation put on Clinton, including shutting down government to get him to acquiesce. But, you only do that so you don't have to part from your ideology.

quote:


Reagan could have foregone his massive military buildup, which was based on the exaggerated threat of the USSR (which imploded from within), and...


http://www.coldwar.org/articles/90s/fall_of_the_soviet_union.asp

    quote:

    However, this project of creating a unified, centralized socialist state proved problematic for several reasons. First, the Soviets underestimated the degree to which the non-Russian ethnic groups in the country (which comprised more than fifty percent of the total population of the Soviet Union) would resist assimilation into a Russianized State. Second, their economic planning failed to meet the needs of the State, which was caught up in a vicious arms race with the United States (emphasis mine). This led to gradual economic decline, eventually necessitating the need for reform. Finally, the ideology of Communism, which the Soviet Government worked to instill in the hearts and minds of its population, never took firm root, and eventually lost whatever influence it had originally carried.


Yeah, we had nothing to do with the fall of the Soviet Union. Nothing to see here.

quote:

...BUSH could have cleaned Al Qaeda out of Afghanistan and then used proxies to hold power. Instead, he elected to occupy two (2) hostile countries at astronomical tax-payer cost while slashing taxes for the wealthy. (That had never been done before in the history of the USA.)


The Bush tax cuts affected pretty much every taxpayer. They added a new tax bracket (10%) and altered the upper/lower limits of the tax brackets. They helped much more than "the wealthy."

How do you define "astronomical tax-payer cost?"

Don't even get started with me about how Bush botched the wars. We'll agree more than we'll disagree.

quote:

Clinton kept spending low. He did not send troops overseas to occupy Somalia, Rhwanda, or Yugoslavia, and he did not exaggerate foreign threats to ramp up defense spending.
Clinton can do the SUNDAY NYT Crossword puzzle in about two minutes; GWB was a recovered alcoholic, fundamentalist Christian, who spoke poorly. Reagan had Alzheimer's during his second term.


Links?

quote:

These are the facts, jack.


You are correct that spending went up under Reagan, but disagree with how he spent the money.

You are correct that Clinton's spending didn't rise as much as it did under Reagan, though you are completely putting that mantel on his shoulders, dismissing the efforts of the Republican Congress.

We agree that Bush jacked spending up way too much.

You have yet to explain how tax revenues are higher than under Clinton, even though tax rates are lower. You have yet to explain why tax revenues during the Recession and Recovery are higher than Clinton's best year (and have been since 2005).

http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/hist01z1.xls

Let's look at Revenue Records. For this discussion, I'm defining the first year of a Presidency as the first year they get to make the budget, so Reagan's record starts in 1982.
Reagan's Revenue Record: 1982- $617B; 1989 - $991B; %change: +60.62%
Bush 41 Record: 1990- $1.032T; 1993 - $1.154T; %change: +11.82%
Clinton: 1994 - $1.259T; 2001 - $1.991T; %change: +58.14%
Bush 43: 2002 - $1.853T; 2009 - $2.105T; %change: +13.60%
Obama: 2010 - $2.163T; 2012 (est.) - $2.469T; %change: 14.14%

How is it possible that we've had a net increase in tax revenues even while tax rates have plummeted (and, Obama has even cut taxes)?

I like how you kept Bush 41 out of the picture, too.

Shall we chat a bit about Bush 43 and Iraq? Why did we go into Iraq? WMD, oil, or....?

Apparently, as outlined, Iraq wasn't complying with UN Security Council Resolutions. In the 5th listed UNSCR (#707), it's listed that Iraq must allow UN and IAEA inspectors full and immediate access (#707; 5 Aug 91). Ten of the next 11 listed UNSCR's (from years 1991 - 1999) included the mandate that Iraq must comply fully with inspectors and provide immediate access. Obviously, Iraq wasn't in compliance with their stated responsibilities.

Thus, under UNSCR 687 (29 Nov 1990), the US had the authority to re-enter Iraq to force compliance.
    quote:

  • Iraq must comply fully with UNSCR 660 (regarding Iraq's illegal invasion of Kuwait) "and all subsequent relevant resolutions."
  • Authorizes UN Member States "to use all necessary means to uphold and implement resolution 660 and all subsequent relevant resolutions and to restore international peace and security in the area."


Non-compliance with UNSCR's (dealing with WMD production facility inspections) were really the reason behind going into Iraq.

Now, having shown you, with data, how we have had ever growing tax revenues, Blaming tax cuts for the deficits is acknowledging that the spending isn't a problem. Since revenues are continuing to go up - even while the tax cuts are still in effect - perhaps it's possible that it's a spending problem?

Clinton's largest spending year: 2001 - $1.863T
Bush's lowest spending year: 2002 - $2.011T
Bush's highest spending year: 2009 - $3.517T
Obama's lowest spending year: 2010 - $3.456T
Obama's highest spending year: 2012 - $3.796T (estimated)

Thus, even though our revenues have risen over 20% from Clinton's highest year, our spending has been doubled. If you look at the estimates in Obama's budget outlooks, spending in 2017 is $4.531T (a 28% increase over the 8 years) and revenues will be $3.919T (just over an 81% increase). But, rudimentary math still shows that spending $4.513T while bringing in $3.919T will still result in a deficit over $600B.

Where is the fiscal sanity? At what point do we stop spending so damn much?




Page: <<   < prev  1 [2] 3 4 5   next >   >>

Valid CSS!




Collarchat.com © 2025
Terms of Service Privacy Policy Spam Policy
0.046875