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| Elections Discuss When Obama Wins can we all get together and at the Political Forums; When Obama Wins can we all get together and File for food stamps...... |
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Having jobs??? Stopping the downward decline of our credit rating?? Slowing (hopefully reversing) the amount of debt this nation is carrying??
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Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush Leftists and very small children don't seem to be able to understand that the Government isn't there to "fix" the economy, anymore than a tick is there to fix your dog.~Oftencold |
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Creating a bigger hole in our budget will stop the downward decline in our credit rating? In what fantasy land does all this come from? ![]() Are you sure you're trying to describe the alternative? (Romney) Because if you are, you're not helping Mitt. ![]()
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"Bush tortured people, Obama just kills them." ---Noam Chomsky |
| The Following User Says Thank You to WallyWager For This Useful Post: | ||
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You want to treat tax cuts as if they happen in a vacuum, but in the real world, they have a net positive effect on tax revenues. They serve to spread the tax burden "wider and shallower", instead of "narrower and deeper". The "narrow and deeper" model has the weakness of being very fragile and subject to the whims of the few. The "wide and shallow" is far more stable in every way. We want nearly everyone carrying a small share of the responsbility, giving more people "skin in the game". Lets have as many people as is reasonable paying some taxes, so that they can all see how this bill effects them.
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Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush Leftists and very small children don't seem to be able to understand that the Government isn't there to "fix" the economy, anymore than a tick is there to fix your dog.~Oftencold |
| The Following User Says Thank You to faithful_servant For This Useful Post: | ||
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You don't cut your pay and then make more money .. that is mathematically impossible. There are a lot of intangibles in the U.S. Economy that might make it appear otherwise, like the Bush tax cuts, There were several years starting in 2004 where incoming revenues rose in spite of the tax cuts.. but stretch that out over the decade the tax cuts were intended to cover and it left us trillions short of a balanced budget. With unemployment High because of the recession, revenues are even lower than expected, so now we have trillion dollar deficits that no amount of spending cuts is going to solve.
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To tax the larger incomes at a higher percentage than the smaller, is to lay a tax on industry and economy; to impose a penalty on people for having worked harder and saved more than their neighbors. ~ John Stuart Mill Gypsy Soul Memories Scuba Diver Life Success Freaks |
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Very true... But you also have things like FOOD that you have to buy, Light bills, insurance for a car, Water bills.. You know those things that you simply have to have...
The Government has those things too , things that by the Law that politicians made must be paid for, such as Social Security and Medicare... The Problem is the mandatory spending takes up the greatest portion of spending , well that and defense... The Democrats won't allow cuts to Entitlements, the Republicans won't allow cuts to Defense and they won't allow revenue increases... I'm afraid we're going to just be in debt because you can't cut enough spending elsewhere to make a dent in the Deficits or the debt.
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To tax the larger incomes at a higher percentage than the smaller, is to lay a tax on industry and economy; to impose a penalty on people for having worked harder and saved more than their neighbors. ~ John Stuart Mill Gypsy Soul Memories Scuba Diver Life Success Freaks |
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