Most of our debt is held by the american public.
Yes it's true. The Federal Deficit is also called the "Public Debt." Though we do get loans from other countries, it is the public citizens that retains the debt for them.
Most of our debt is held by the american public.
Originally posted by: charrison
Originally posted by: zantac
You mean the Bush "Tax Cut"? Of Course, seeing as how it is a loan and not a tax cut at all. To all the people that say they would rather have their money back, I bet you would be interested to see how much of "your money" came from a loan from communist China
Most of our debt is held by the american public.
Originally posted by: zantac
Originally posted by: charrison
Originally posted by: zantac
You mean the Bush "Tax Cut"? Of Course, seeing as how it is a loan and not a tax cut at all. To all the people that say they would rather have their money back, I bet you would be interested to see how much of "your money" came from a loan from communist China
Most of our debt is held by the american public.
And this tax cut is a debt to the american public.
Originally posted by: WinstonSmith
We should have saved lots of money. In Iraq. Well, the tab is what 100 billion +? Looks like we will see more than half a trillion on this fiasco in direct costs before this is over. I think we ought to have a tax cut, except for those who wanted this war. They ought to be taxed double.
Originally posted by: flavio
Originally posted by: WinstonSmith
We should have saved lots of money. In Iraq. Well, the tab is what 100 billion +? Looks like we will see more than half a trillion on this fiasco in direct costs before this is over. I think we ought to have a tax cut, except for those who wanted this war. They ought to be taxed double.
damn straight!
Originally posted by: charrison
Not exactly true. You unfortunatly naive enough to beleive that if the money from the tax cut stayed in washington it would be put towards the debt. Unfortunatly that is just not the case.
The democrats are currently campaigning to repeal the tax cut so they fund their spending projects.
Originally posted by: zantac
Originally posted by: charrison
Not exactly true. You unfortunatly naive enough to beleive that if the money from the tax cut stayed in washington it would be put towards the debt. Unfortunatly that is just not the case.
The democrats are currently campaigning to repeal the tax cut so they fund their spending projects.
I was talking about FY2K3.
Originally posted by: jeremy806
It's all nonsense.
If the governement does not cut spending, the tax cut does not mean anything, the only thing that is achieved is a re-arrangement of who picks up the tab. In that view, all tax cuts are mere manipulations to re-arrange the actual bill eater. However, to a certain extent, I would rather have a tax cut than a tax increase, at least with a cut there is a slim chance that spending may actually get cut.
By the way, the tax cut is not stimulating the economy, and neither are the continuous rate cuts that are destroying the poor (through inflation) and the old (because they are on fixed income).
Jeremy806
Originally posted by: Ferocious
That tax cut should have never happened.
Since I'm part of the middle class.....the tax cut for me was pretty much nothing.
Plus I'm fiscally responsible unlike our current government.
Originally posted by: CADkindaGUY
Originally posted by: Ferocious
That tax cut should have never happened.
Since I'm part of the middle class.....the tax cut for me was pretty much nothing.
Plus I'm fiscally responsible unlike our current government.
I'm middle class and it will help me. Actually I could be considered lower-middle class and it still helps me.
CkG
Originally posted by: tnitsuj
Originally posted by: CADkindaGUY
Originally posted by: Ferocious
That tax cut should have never happened.
Since I'm part of the middle class.....the tax cut for me was pretty much nothing.
Plus I'm fiscally responsible unlike our current government.
I'm middle class and it will help me. Actually I could be considered lower-middle class and it still helps me.
CkG
I still have my first $300 dollar bribe check sitting iin my desk drawer. Strange thing is, after I submitted my taxes that year, the IRS came back and siad I owed them exactly $300, something to do with the refund.
Originally posted by: LunarRay
I still have my first $300 dollar bribe check sitting iin my desk drawer. Strange thing is, after I submitted my taxes that year, the IRS came back and siad I owed them exactly $300, something to do with the refund.
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Strange thing - I owed less in tax-liability this year and I made more money (no new exemptions either) plus got my check too.
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Well did you do your part to stimulate the economy? Remember, Attitude of the Citizen is very important..
If folks think prices will drop in the future they will wait to purchase... this will cause the start of the deflation spiral. So Spend, Laugh, Spend, Smile... all will be well... Greenspan said so... smile and spend..