More funny Liberal Math - Tax increases will fix the bugdet

[michal1980]

http://www.zerohedge.com/news/2013-01-01/putting-americas-tax-hike-perspective

be prepared to be amazing.

62billion in new taxes, 1000+ billion in budget deficit.

meaning only 938 billion in too much spending.

 

[Incorruptible]

Are you really surprised? These people are idiots and dont understand that we need to cut spending

 

[lotus503]

Are you really surprised? These people are idiots and dont understand that we need to cut spending

What you don't understand is that our economy is a house of cards reliant on spending to operate. Yes I agree raising taxes does nothing to address the problem. Now you just need to understand that cutting spending sends us into the worst depression we have seen.

The real questions is do we peel the bandaid off very slow over the course of years or do you want to rip it off?

Politicians favor incrementalism better to not turn the water too hot to quick less the frogs catch wind.

 

[Engineer]

We have a tax and spending problem.....both of them, in case you haven't figured it out, resulted from a good, wealth creating job problem (i.e. the offshoring of great middle class jobs). Spending increases and tax cuts are both a reflex reaction to the middle class losing ground over 3 decades. That, and debt (credit card, mortgage equity, etc), have been used to mask the flat to declining wages and have held up the 70% consumer-spending economy that we have. Want to fix both tax and spending, bring back the jobs. Now that the credit cards have been cut off and tax cuts have basically hit bottom (already negative - EITC - how can it go lower), what else can you do?

I'm really surprised as to how many people don't see this for what it really is....a "real jobs" problem (not service sector bullshit either - real, wealth creating jobs for the middle classes).

I'm sure though, that both sides of the legislature will think that a new, so-called free trade agreement will fix it all.

 

[Zorba]

I never understand people that think if one thing doesn't fix the whole problem in one fell swoop then it is worthless.

Any solution to the deficit will have to include broad spending cuts, including entitlements and military, tax increases and probably an improved economy. Anybody that thinks otherwise has lost touch with reality.

 

[Zorba]

We have a tax and spending problem.....both of them, in case you haven't figured it out, resulted from a good, wealth creating job problem (i.e. the offshoring of great middle class jobs). Spending increases and tax cuts are both a reflex reaction to the middle class losing ground over 3 decades. That, and debt (credit card, mortgage equity, etc), have been used to mask the flat to declining wages and have held up the 70% consumer-spending economy that we have. Want to fix both tax and spending, bring back the jobs. Now that the credit cards have been cut off and tax cuts have basically hit bottom (already negative - EITC - how can it go lower), what else can you do?

I'm really surprised as to how many people don't see this for what it really is....a "real jobs" problem (not service sector bullshit either - real, wealth creating jobs for the middle classes).

I'm sure though, that both sides of the legislature will think that a new, so-called free trade agreement will fix it all.

:thumbsup:

 

[EagleKeeper]

I never understand people that think if one thing doesn't fix the whole problem in one fell swoop then it is worthless.

Any solution to the deficit will have to include broad spending cuts, including entitlements and military, tax increases and probably an improved economy. Anybody that thinks otherwise has lost touch with reality.

You are describing a politician and their lapdogs

 

[ivwshane]

You are describing a politician and their lapdogs

Ie: the first two posters in this thread.

 

[michal1980]

I never understand people that think if one thing doesn't fix the whole problem in one fell swoop then it is worthless.

Any solution to the deficit will have to include broad spending cuts, including entitlements and military, tax increases and probably an improved economy. Anybody that thinks otherwise has lost touch with reality.

And the current solution the liberal party has given us has solved what problem? That's right it solved not one issue. It raised taxes and wait for it, raised spending.

The left likes to rip the right for even proposing cutting small programs like pbs. Well guess what, the current tax increase is like cutting pbs from spending. hardly a dent has been made.

 

[piasabird]

Meanwhile they want a 4 trillion raise in the debt ceiling. Get ready for another downgrade in our bond rating folks. Dont count the tax dollars before they are in the bank.

 

[Lemon law]

Meanwhile how swiftly we forget, during the Clinton era with higher tax rates in place, we balanced out budget, because we had a higher rate of employment

 

[UberNeuman]

Dear OP. Trickle down didn't work. Trickle down will never work.

The history of the policies of the GOP and the pushing of trickle down are like a noose around their neck...

 

[Incorruptible]

Dear OP. Trickle down didn't work. Trickle down will never work.

The history of the policies of the GOP and the pushing of trickle down are like a noose around their neck...

Cutting spending is the only option, if you like high taxes then move somewhere else

 

[lotus503]

Cutting spending is the only option, if you like high taxes then move somewhere else

I hope they cut spending so the entire house of cards comes crashing down.

There is no clean way out of our dysfunctional economy.

Rip off the bandaid or pull it slowly but it's coming off.

 

[Engineer]

I hope they cut spending so the entire house of cards comes crashing down.

There is no clean way out of our dysfunctional economy.

Rip off the bandaid or pull it slowly but it's coming off.

Sure there is...bring jobs back. If CEO's would realize that their short term gain is going to be a long term destruction.....well shit, that will never happen so maybe you're right. Until the US gets solid, middle class wealth building jobs back, the country will continue to slide. Not enough credit cards and tax cuts left to keep it propelling forward.

 

[NoStateofMind]

what bug det?

 

[Genx87]

Meanwhile how swiftly we forget, during the Clinton era with higher tax rates in place, we balanced out budget, because we had a higher rate of employment

Cut spending to Clinton level era levels as well.

 

[UberNeuman]

what bug det?

He's thinking of Tom Bug det...

\he'll leave the light on for ya!

 

[Matt1970]

Sure there is...bring jobs back. If CEO's would realize that their short term gain is going to be a long term destruction.....well shit, that will never happen so maybe you're right. Until the US gets solid, middle class wealth building jobs back, the country will continue to slide. Not enough credit cards and tax cuts left to keep it propelling forward.

Bringing the jobs back won't help much until people decide it is in everyone interest to spend a few extra bucks to buy American made products.

 

[michal1980]

Dear OP. Trickle down didn't work. Trickle down will never work.

The history of the policies of the GOP and the pushing of trickle down are like a noose around their neck...

Dear idiot thanks for arguing a point I did not bring up.

 

[Engineer]

Bringing the jobs back won't help much until people decide it is in everyone interest to spend a few extra bucks to buy American made products.

Even the playing field by forcing FAIR TRADE and it will take care of itself. Until then, we are just pissing in the wind.

 

[Incorruptible]

Dear idiot thanks for arguing a point I did not bring up.

The guy is a complete moron and partisan hack, what else would you expect

 

[lotus503]

Even the playing field by forcing FAIR TRADE and it will take care of itself. Until then, we are just pissing in the wind.

Exactly, America is in for pain, we can't have cheap goods and services, sky high wages and record corp profits in a global economy.

Something has to give.

Fix trade, get used to paying more for your shit that's a start.

 

[UberNeuman]

Dear idiot thanks for arguing a point I did not bring up.

Well, you didn't bring it up as it undermines your assertion...

The GOP and its Trickle Down does not work...

\keep up the name calling....
\\doesn't break my heart........

 

[UberNeuman]

The guy is a complete moron and partisan hack, what else would you expect

Ya ever get a little weak in the knees when playing Left 4 Dead and you hear the cry, "Pills here..."