Down with Bush tax cuts, Unemployment extensions, and lower Death tax for the rich

[JEDI]

This will balloon our deficit even more.
all these deficits is leading to a great chance of a National sales tax.

and of course with more $ coming in, more $ will be spent by our politicians. much more! Then some other TAX will be created because the National Sales tax isnt enuf to cover the budget deficit!


Kill the bush tax extensions
kill the unemployment extension
kill the lower Death tax for the rich!

 

[matt0611]

This will balloon our deficit even more.
all these deficits is leading to a great chance of a National sales tax.

and of course with more $ coming in, more $ will be spent by our politicians. much more! Then some other TAX will be created because the National Sales tax isnt enuf to cover the budget deficit!


Kill the bush tax extensions
kill the unemployment extension
kill the lower Death tax for the rich!

We should keep the tax cuts to stop this. We need to cut spending after this bill gets through.

 

[Craig234]

Keep the unemployment, the repeal of But tax cuts over $250K alone will pay for them IIRC.

You forgot, don't do the 2% payroll tax reduction that paves the way for Social Security to be shifted to a regular program that doesn't pay for itself - making it easier to gut. If you want to kill all the Bush tax cuts for deficit reduction - I'd suggest putting the two year period on THOSE to help with the recession, then ok.

 

[IndyColtsFan]

Keep the unemployment, the repeal of But tax cuts over $250K alone will pay for them IIRC.

Or we could cut unemployment, repeal the tax cuts, and use the money to reduce the deficit.

 

[Throckmorton]

Ending the recession is a lot more urgent than shrinking the deficit.

 

[chucky2]

But then all the people sitting on Unemployment will be really PO'd. PO'd people make for really unhappy voters. Really unhappy voters don't respond well to the sitting POTUS/POTUS party.

Plus, all those people kicked off Unemployment would be out looking for jobs. Bad news for the Unions....people willing to work for less then they're billing for.

So....not going to happen....

Chuck

 

[Fear No Evil]

I'm all for a 99% tax rate on anyone who has over a $10 million dollar net worth. Nobody needs more than that to live.

 

[IndyColtsFan]

Ending the recession is a lot more urgent than shrinking the deficit.

I agree that it is, but you can't keep paying unemployment benefits forever. Even though I've said numerous times that I was for repealing the Bush tax cuts, I don't think now is a good time for that either.

 

[Pulsar]

Keep the unemployment, the repeal of But tax cuts over $250K alone will pay for them IIRC.

You forgot, don't do the 2% payroll tax reduction that paves the way for Social Security to be shifted to a regular program that doesn't pay for itself - making it easier to gut. If you want to kill all the Bush tax cuts for deficit reduction - I'd suggest putting the two year period on THOSE to help with the recession, then ok.

Typical Craig. Increase taxes, increase spending, ignore trying to pay down the debt. Then, imply that social security is solvent (which it isn't) and suggest lowering taxes will make it insolvent.

It's your M.O. to a 'T'.

 

[IndyColtsFan]

I'm all for a 99% tax rate on anyone who has over a $10 million dollar net worth. Nobody needs more than that to live.

That's right, because it is their privilege (not a burden) to pay Uncle Sam, who can then turn around and give it so someone "more deserving."

 

[Pulsar]

Ending the recession is a lot more urgent than shrinking the deficit.

Hate to break it to you, but for many folks the recession has been over for a while.

Now, on the other hand, if you mean 'end the recession' means returning to the the unemployment of old, it's not going to happen. Period. Ever. Best that you reconcile with that fact and move on.

Purchasing was up in the retail sector, manufacturing has been back to buying machines for a while now, and the financial sectors have been ok as long as you avoid housing. Housing isn't indicative of the recession - it's a bubble that isn't done deflating and it artifically propped up employment for quite a while.

This IS the reality of the situation. We can either decide to be fiscally responsible, or keep up the drumbeat of "there will always be a better time to address our credit cards".

 

[JEDI]

We should keep the tax cuts to stop this. We need to cut spending after this bill gets through.

cut spending?! you're delutional in the near term (~10yrs)!

dems- tax and spend
New Repubs- Borrow and spend, while lowering taxes on the rich. then when it's time to pay the bill, it'll be the middle class that will be hit

 

[JEDI]

Ending the recession is a lot more urgent than shrinking the deficit.

let the market do it's job on the recession.

if the govt didnt interfere w/the Great Depression then the recovery would have happened 7yrs sooner!

 

[Thump553]

let the market do it's job on the recession.

if the govt didnt interfere w/the Great Depression then the recovery would have happened 7yrs sooner![/QUOTE]

What do you base this fantasy on? Coolidge was in office for the first two years of the Great Depression and cut spending like mad in order to balance the budget-and you see how that worked out.

But I do agree that the costly items in this bill are unnecessary and do very little to stimulate the economy.

 

[Red Dawn]

That's right, because it is their privilege (not a burden) to pay Uncle Sam, who can then turn around and give it so someone "more deserving."

Like the Israelis and Iraqis?

 

[matt0611]

What do you base this fantasy on? Coolidge was in office for the first two years of the Great Depression and cut spending like mad in order to balance the budget-and you see how that worked out.

But I do agree that the costly items in this bill are unnecessary and do very little to stimulate the economy.

Hoover was in charge, they increased government spending each year. Take a look at the data.

 

[IndyColtsFan]

Like the Israelis and Iraqis?

Hey, you're preaching to the choir when it comes to foreign aid. I say:

"Cut it all off!"

 

[DucatiMonster696]

I'll leave this for you folks to read over.

"FDR's policies prolonged Depression by 7 years, UCLA economists calculate."

http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx

 

[Harvey]

My e-mail to Obama:

Mr. Obama,

I heard your statement about the tax bill, "That is the nature of compromise."

Regarding tax breaks for the wealthy, you previously told us that what Republicans want is to drive us back into the economic ditch they created.

You sold out the integrity and honor of the American people by shielding George W. Bush and his criminal administration from prosecution for their crimes, including torture and other war crimes and crimes against humanity and murder of every American troop who has died in their illegal war of lies in Iraq.

On health care, you sold out the public option for a "compromise" that mandates that every American must purchase insurance from the same greedy insurance companies that have been enriching themselves while American citizens were dying for lack of affordable health care.

Sometimes, "compromise" is as bad as capitulation. Sometimes, it is worse because it engenders false hope in those foolish enough to believe your hollow words.

Thanks for "peace in our time," Mr. Chamberlain.

Neville Chamberlain capitulates to Hitler and declares he has achieved "peace in our time." :thumbsdown:

 

[bfdd]

Harvey, I'm pretty sure the standard of living in the USA increases everyday and I highly doubt there's an epidemic of Americans dying because they can't get health care. Honestly you sound like a wacko nutcase in that "email'

 

[Harvey]

Harvey, I'm pretty sure the standard of living in the USA increases everyday and I highly doubt there's an epidemic of Americans dying because they can't get health care.

I'm "pretty sure" you can't support whatever you think you're "pretty sure" about. Real income, adjusted for inflation is falling for most Americans, and the disparity between the very wealthy and the rest of us is growing.

Census finds record gap between rich and poor Americans

Sep 28, 2010

The income gap between rich and poor Americans grew to the widest amount on record and represents the greatest disparity among Western industrialized nations, according to U.S. Census data.

The census finds that the top-earning 20% of Americans (those making $100,000 each year) received 49.4% of all income generated in the U.S., compared with the 3.4% earned by those below the poverty line.

That ratio of 14.5-to-1 was an increase from 13.6 in 2008 and nearly double a low of 7.69 in 1968, the Associated Press reports.

At the top, the wealthiest 5% of Americans, who earn more than $180,000, added slightly to their annual incomes last year, the data show. Families at the $50,000 median level slipped lower.

Meanwhile, the cost of medical care continues to skyrocket while companies providing health care insurance continue to report record profits while redoubling their efforts to deny claims, as well as any coverage at all, to those most in need.

What do you think happens to all of those who can't afford medical attention when they're ill or severely injured?

Honestly you sound like a wacko nutcase in that "email'

Your quotes around the word, "email" don't mean squat, and they don't diminsh the truth in what I said. Here's the link to the contact page on whitehouse.gov. AFIC, that's a link for e-mail input.

If, by "sound like a wacko nutcase," you mean my references to Obama's capitulation to the wealthy and their Republican toadies have no basis in fact, then you are the "wacko nutcase."

I do wonder if you're aware enough to have understood my reference to Neville Chamberlain. If so, I wonder whether you're sentient enough to understand it.

 

[bfdd]

I quoted "email" because you said it was an email. I cannot verify you actually wrote said email so I quoted it, I do it all the time and that's a pretty bad attempt to try and "get me" with something. I also completely get your reference to appeasement, you're not the only one who has read a history book. Even with the spread between "classes" widening the standard of living is still rising. When over 50% of our "impoverished" own a color TV that's newer than 10 years old I'm not sure I dig the whole "quality of living is going down in America" bullshit. Do I think things are fucked? Sure do, but by no means are people going out and dying in the street in epidemic numbers because of lack of medical care. That's just fucking silly.

 

[matt0611]

I'm "pretty sure" you can't support whatever you think you're "pretty sure" about. Real income, adjusted for inflation is falling for most Americans, and the disparity between the very wealthy and the rest of us is growing.

Take a look at real compensation per capita and you will see it has been increasing with productivity.

Meanwhile, the cost of medical care continues to skyrocket while companies providing health care insurance continue to report record profits while redoubling their efforts to deny claims, as well as any coverage at all, to those most in need.

And when you take insurance companies out of the picture, health care costs are still increasing outpacing inflation.

 

[Harvey]

Take a look at real compensation per capita and you will see it has been increasing with productivity.

Measuring per capita income doesn't mean squat when most of the increase in earnings goes to the top two or three percent of the population. Real income for the majority of Americans is declining.

 

[matt0611]

Measuring per capita income doesn't mean squat when most of the increase in earnings goes to the top two or three percent of the population. Real income for the majority of Americans is declining.

Again, if you look at real compensation, NOT income, you will see that its not dropping.