Republicans win tax cut (extention) for the rich

[Craig234]

nm

 

[Zebo]

:whiste:

Quote:
Originally Posted by ericlp View Post
You do know Obama is just going to let them expire while the repubs play with themselves... Right?

Wanna bet? BlackBush or Bushmini will give them something.

Easy prediction if you followed Obama at all these past two years.

 

[Jadow]

cock sucking unemployment extension sours this. Seriously, the govt will now be paying for up to THREE YEARS of unemployment for people.

 

[The-Noid]

I may be wrong but didn't the tidal wave last election go the idea that people wanted a balanced budget?

I must say as always, same shitty politics, different wrapper on the outside, at least the lame duck will shove everything the voters didn't want down our throats before they get kicked out.

The maths just don't work long-term on spending and if the ratings agencies would get out of their pussy models and just go out and cut UST's or long-term outlook negative maybe it would wake someone up in Washington. When your CDS is wider than companies in your country you are a banana republic, unfortunately at this point the majority of the western world is becoming a banana republic. There are reasons gold and silver keep hitting all-time highs, having said that in panic I really don't see how 50 years of having money is going to change the paradigm and people are going to trade gold and silver. Oh well if the world goes to hell I have my left tail covered and around 1600 ounces of silver and 100 oz of gold at home.

 

[theeedude]

cock sucking unemployment extension sours this. Seriously, the govt will now be paying for up to THREE YEARS of unemployment for people.

It's the American way, since the government actually hiring these people to do actual work would be "Big Government."

 

[chucky2]

Yes, but they wouldn't hire them to do work at Unemployment prices, they'd hire them to do work at Big Government prices. And therein lies the rub.....

 

[theeedude]

Yes, but they wouldn't hire them to do work at Unemployment prices, they'd hire them to do work at Big Government prices. And therein lies the rub.....

Work SHOULD pay more than doing nothing. Rub not found.

 

[Attic]

IF this is true (MSNBC is projecting it, not reporting it as fact) then apparently everything is unfunded. Welcome to another $700B added to the deficit-and that's just for the tax cut for the upper 2%.

.

How does not taking a group of peoples money equate to adding money to a deficit?

It appears you assume the money is already the governments before someone has chosen to work for it. Scary, but liberals appear to believe this.

If you have 100 dollars in your pocket and I told you I didn't want to add to my personal debt, is it ok for me to reach into your pocket to take your money using the argument that I can't afford to add to my debt?

Might it make more sense for me to simply spend within my means or at the very least call things as they are and admit that i'm taking money out of your pocket, not avoiding increasing my debt?

 

[Throckmorton]

How does not taking a group of peoples money equate to adding money to a deficit?

It appears you assume the money is already the governments before someone has chosen to work for it. Scary, but liberals appear to believe this.

If you have 100 dollars in your pocket and I told you I didn't want to add to my personal debt, is it ok for me to reach into your pocket to take your money using the argument that I can't afford to add to my debt?

Might it make more sense for me to simply spend within my means or at the very least call things as they are and admit that i'm taking money out of your pocket, not avoiding increasing my debt?

Apparently you're confusing deficit and spending.

The deficit is the difference between the money you take in and the money you spend.

 

[chucky2]

Work SHOULD pay more than doing nothing. Rub not found.

But they wouldn't be paid an Unemployment type rate, they'd be paid the full rate. Hence, they'd be the same as just hiring as normal, which would drastically increase the size - and hence expense - of the federal government.

Which is Big Government, exactly what you just posted about.

You're like a young Socialist234...where do people like you come from? I wonder if he and you had the same life experiences happen to you to make you the way you are...that'd be an interesting correllation if it was possible to do....

Chuck

 

[theeedude]

But they wouldn't be paid an Unemployment type rate, they'd be paid the full rate. Hence, they'd be the same as just hiring as normal, which would drastically increase the size - and hence expense - of the federal government.

Which is Big Government, exactly what you just posted about.

You're like a young Socialist234...where do people like you come from? I wonder if he and you had the same life experiences happen to you to make you the way you are...that'd be an interesting correllation if it was possible to do....

Chuck

You really are a broken record. You'd rather throw money away on unemployment than hire people to build infrastructure that will sustain future economic growth.

 

[Bitek]

How does not taking a group of peoples money equate to adding money to a deficit?

It appears you assume the money is already the governments before someone has chosen to work for it. Scary, but liberals appear to believe this.

If you have 100 dollars in your pocket and I told you I didn't want to add to my personal debt, is it ok for me to reach into your pocket to take your money using the argument that I can't afford to add to my debt?

Might it make more sense for me to simply spend within my means or at the very least call things as they are and admit that i'm taking money out of your pocket, not avoiding increasing my debt?

Taking out a loan does not qualify as income. Its scary to see repubs so easily confused by this. Then again goes a long way to explain the housing hysteria of the Naughties...



At least Obama could have gotten something better than a lousy unempl ext in exchange for bending over. He should have at least tried to load up the plate with things that would actually help the econ. Its clear the repubs were desperate to have this and would do anything to get it.

GOP: Give us our money or we fuk your wife! Give us the money and we will only fuk your sister!

Obama: Well ok, but you gotta promise to use lube..

 

[chucky2]

Actually, no, I'm not in favor of that at all. I'm in favor or the local, county, state, and federal governments hiring them at tax free largely reduced wages to perform critical projects of whatever nature they deem necessary are critical.

Note the largely part of that post, and also the reduced part.

At the federal level though, that's all under your masters control, so, there will be no largely, there will be no reduced. That would be spun as inhumane, 'unconstitutional', whatever, and the fake (and real from the money suckers) outcry would have them enploying all these unemployed at full rates.

= Big Government.

Nice try though...

Chuck

 

[Zebo]

I may be wrong but didn't the tidal wave last election go the idea that people wanted a balanced budget?

I must say as always, same shitty politics, different wrapper on the outside, at least the lame duck will shove everything the voters didn't want down our throats before they get kicked out.

The maths just don't work long-term on spending and if the ratings agencies would get out of their pussy models and just go out and cut UST's or long-term outlook negative maybe it would wake someone up in Washington. When your CDS is wider than companies in your country you are a banana republic, unfortunately at this point the majority of the western world is becoming a banana republic. There are reasons gold and silver keep hitting all-time highs, having said that in panic I really don't see how 50 years of having money is going to change the paradigm and people are going to trade gold and silver. Oh well if the world goes to hell I have my left tail covered and around 1600 ounces of silver and 100 oz of gold at home.

My dad says $25,000 an ounce on gold.... I dunno... have two 60lb boxes of silver though...and chump change in gold 13oz just in case.

 

[theeedude]

So basically end result of your convictions is we are going to keep paying people to sit on their behinds while their skills deteriorate because you don't want "big government."

 

[chucky2]

I'm not the politician, the Politicians are. You wanted these type of people in there, now they're in.

Congrats!

No sit back and enjoy what's in store for us all...

 

[Craig234]

How does not taking a group of peoples money equate to adding money to a deficit?

How does eliminating all taxes equate to adding to the deficit?

Might it make more sense for me to simply spend within my means or at the very least call things as they are and admit that i'm taking money out of your pocket, not avoiding increasing my debt?

"Within your means" is an interesting phrase.

So if you take the level of spending, and tax enough to pay for it, you're 'within your means'.

But if you then lower the taxes of the top 2% by $100 billion, and have that amount as a deficit, you're not 'within your means' anymore.

So why not just keep cutting taxes to zero, then demand spending be zero? Any level of spending and taxes, I demand we cut the rich's taxes by $100 billion, until zero.

Show me where in your posts you argue why that's bad.

 

[Londo_Jowo]

You really are a broken record. You'd rather throw money away on unemployment than hire people to build infrastructure that will sustain future economic growth.

I think that those who receive unemployment should provide 32 hours a week of community service plus provide proof of applying for a jobs every week.

 

[Darwin333]

no problem, really, as long as the chinese keep investing their money in our increasingly becoming worthless treasure notes.

Bah, we don't need the stinking Chinese anymore, we have Uncle Ben and the Fed.

 

[Generator]

The President of the United States just gave the country the green light on greed. I will go as so far as in saying if you don't actively try to rip off every single person you can in the next to years you're not a American. Time to jump into the cess pool everybody the water is warm!

 

[theeedude]

I think that those who receive unemployment should provide 32 hours a week of community service plus provide proof of applying for a jobs every week.

Keep dreaming, or you could have them putting in 40 hrs a week now to actually build stuff.

 

[The-Noid]

I'm not the politician, the Politicians are. You wanted these type of people in there, now they're in.

Congrats!

No sit back and enjoy what's in store for us all...

Actually at the time these aren't the politicians we wanted, they will come in January. These are the "leftovers" that people voted against.

Not as if the republicans incoming would do any different. Not passing the balanced budget amendment under the Clinton administration was the worst mistake this country will have made long-term.

Even a bill similar to Norway where 1 out of 3 years can be unbalanced would be great.

I would rather pay higher taxes and live through some rough times than this idea that we can constantly kick the can down the road and everything will be OK.

Debt becomes cheaper via inflation if we can't drum up serious inflation the debt is still as expensive down the road, however with the higher leverage, credit becomes more expensive. i.e. credit risk not interest rate or inflation risk. If we can't drum up inflation quickly the maths simply don't work without government confiscation.

 

[chucky2]

Keep dreaming, or you could have them putting in 40 hrs a week now to actually build stuff.

They could be doing 32 hours a week actually building stuff. He just said the same thing you did, except while they're on the Fed tit, they'd be getting paid markedly less in his scenario than yours.

Same output (heck, even not the same output, it's still way cheaper) , less cost.

What was the problem you had with his suggestion again?

 

[The-Noid]

I think that those who receive unemployment should provide 32 hours a week of community service plus provide proof of applying for a jobs every week.

In Minnesota you need to document you are looking. We get two or three calls a week asking if we are hiring, I have instructed the staff to say Yes. 2/3 of the time they click off after we reply yes and were only attempting to put down a place that said wasn't hiring as that counts as one of their calls.

 

[chucky2]

Actually at the time these aren't the politicians we wanted, they will come in January. These are the "leftovers" that people voted against.

Not as if the republicans incoming would do any different. Not passing the balanced budget amendment under the Clinton administration was the worst mistake this country will have made long-term.

Even a bill similar to Norway where 1 out of 3 years can be unbalanced would be great.

I would rather pay higher taxes and live through some rough times than this idea that we can constantly kick the can down the road and everything will be OK.

Debt becomes cheaper via inflation if we can't drum up serious inflation the debt is still as expensive down the road, however with the higher leverage, credit becomes more expensive. i.e. credit risk not interest rate or inflation risk. If we can't drum up inflation quickly the maths simply don't work without government confiscation.

I as well. However if I'm going to sign up for that for say, the next 10 years, I want to know ahead of time my increased taxes (and I'm well under $200k, so no rich boy here) are directly going to pay against the debt, and that each and every year, without exception (that literally means, no exception), the budget will be balanced.

What are the chances a.) the Congress for each of those 10 years would actually ensure that and b.) the POTUS for each of those 10 years would ensure that?

Zero.

We can now see why people who pay taxes, including the rich, aren't in favor of having their taxes raised....

Chuck