all i did was point out a obvious fact.
if you want class warfare, its being waged every day against the poor and middle class. I would certainly be interesting to see them fight back.
all i did was point out a obvious fact.
if you want class warfare, its being waged every day against the poor and middle class. I would certainly be interesting to see them fight back.
Jaskalas
Lifer
- Jun 23, 2004
- 35,905
- 10,236
- 136
Is it not true that the rich pay the greatest share of taxes than they ever have?
Yet your thirst to bleed them dry appears to be unquenchable. As I said above, be very careful what you wish for. You might just get it. Hurting the economy is not good for anyone.
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
Quite possibly, but they are also getting the largest slice of the pie that they ever have. However, as a percentage of their income, they are paying less now than they have over the last two decades, especially the top .01%, who pay nearly what a middle class person pays (or less because they earn primarily capital gains taxed at 15%).
- Jun 30, 2003
- 33,400
- 13,005
- 136
yeah, i dunno wtf pissed in moonbeam's cheerios today. and yeah, i have one year left of college (will be getting both BS and MS in engineering), and I'm already planning on my finances, trying to figure out how to spend and save my money wisely. Despite what moonbeam may say about my inexperience in the real world, I'm well aware of the pitfalls that may approach. That's why I've started considering my financial future sooner rather than later. Financial health on both the personal and national level is a huge problem for us, (if the housing bubble weren't a demonstration enough).
And Moonbeam, just in case you were curious, you may want to shudder before you close your shutter at night. Before you try and pick me apart, make sure you don't trip over your own feet.
I agree to bad the democrats forgot that in all those bills they are writing. Cost savings should be the center piece of any legislation. When you get cost savings more people will be able to afford coverage.
F: I was reading the Washington Post and Times the other day and one of the articles was about Congress wanting to block the purchase of more F22 fighters for the Air Force, to the tune of 1/2 to 1 billion dollars, IIRC. Congress and Secretary of Defense Gates claimed that the fighters were not wanted nor needed (which I found a bit odd, but I digress).
M: Don't digress if you are just going to crap and leave it. Who cares what you think is odd if you have nothing else to say about it.
F: At any rate, however, the next article I read was about the rising projected costs of the health care reform plan by Congress and Obama's intent to press the bill into law this year. And yet, the purchase of these aircraft would require skilled workers that (surprise!) will have to pay taxes that will fund initiatives like this one way or another. I sense a small bit of irony here.
M: That's not irony you smell, You've wrapped your head in your colon. We can create jobs as easily making buggy whips, but instead we try to create jobs that have a ripple effect, that produce real value to the economy which jet plains do not.
F: Now, with debt currently at $11 T, I can only shudder......
M: You seem to attribute some significance to the fact that you shudder. That can happen biting on a Popsicle stick.
F: at the fact that Congress is trying to expand the responsibilities of the federal government without having any solid way of paying for it (yes, let's tax the rich so they'll try and find even more tax deductions and take investments elsewhere where taxes aren't so high).
M: No, lets throw our latest stereotypical talking point trained monkey response in here at the mention of the trigger worked, Congress.
F: At some point, our creditors are going to refuse loans, and what then? Do we just sell the entire US?
M: Sure, we are going live on the moon anyway, so why not. One nut case scenario, I am sure, deserves another, no?
F: As someone who is about to enter the real world from college,
M: And therefore has no real world experience but yet is still stuffed full of all kinds of trained opinions
F: and is very much a financial conservative (religiously tracking my spending and money available; ensuring I can pay my bills in full each month), I unfortunately see Congress running the entire country into the ground.
M: As if there were any real world correlation between you and the government regarding spending
F: A little bit of debt is a good thing - after all, that's how people buy houses and cars. Most of us simply can't afford to pay hundreds of thousands in cash. But that bit of debt people pay back over a period of time. Currently, we are only paying the interest on our national debt. The interest amounts to about $300B, which is ~10% of the yearly federal budget. What happens when interest rates rise? What happens when health care reform inevitably costs more than projected (and it's already at 1.5T), and our debt increases?
M: What happens if you pull your head out of your ass so fast your ears pop?
F: Unless Congress makes some major shifts in spending behavior, I am honestly quite uncertain about the future of our country.
M: There is nothing to be done for people who self induce a state of terror by walking around awake in their own self created nightmares.
F: Our debt will consume larger and larger portions of the national budget, and to combat this taxes will inevitably rise (because I don't see Congress cutting programs).
M: There are two reasons we don't see things. It can be they are not there or it can be that we are blind.
F: We will be in roughly the same position now - but only with less money than before. What happens when we are bled dry?
M: What happens if you get a job and have kids and life goes on happily for you?
F: Terrorism may be a threat to national security, but with every new spending bill, it seems to me that our national debt should be the greatest concern of all.
M: Good to hear that "it seems to me". I know nothing and have no opinion. I'm also not wound up like a top.
M: Don't digress if you are just going to crap and leave it. Who cares what you think is odd if you have nothing else to say about it.
F: At any rate, however, the next article I read was about the rising projected costs of the health care reform plan by Congress and Obama's intent to press the bill into law this year. And yet, the purchase of these aircraft would require skilled workers that (surprise!) will have to pay taxes that will fund initiatives like this one way or another. I sense a small bit of irony here.
M: That's not irony you smell, You've wrapped your head in your colon. We can create jobs as easily making buggy whips, but instead we try to create jobs that have a ripple effect, that produce real value to the economy which jet plains do not.
F: Now, with debt currently at $11 T, I can only shudder......
M: You seem to attribute some significance to the fact that you shudder. That can happen biting on a Popsicle stick.
F: at the fact that Congress is trying to expand the responsibilities of the federal government without having any solid way of paying for it (yes, let's tax the rich so they'll try and find even more tax deductions and take investments elsewhere where taxes aren't so high).
M: No, lets throw our latest stereotypical talking point trained monkey response in here at the mention of the trigger worked, Congress.
F: At some point, our creditors are going to refuse loans, and what then? Do we just sell the entire US?
M: Sure, we are going live on the moon anyway, so why not. One nut case scenario, I am sure, deserves another, no?
F: As someone who is about to enter the real world from college,
M: And therefore has no real world experience but yet is still stuffed full of all kinds of trained opinions
F: and is very much a financial conservative (religiously tracking my spending and money available; ensuring I can pay my bills in full each month), I unfortunately see Congress running the entire country into the ground.
M: As if there were any real world correlation between you and the government regarding spending
F: A little bit of debt is a good thing - after all, that's how people buy houses and cars. Most of us simply can't afford to pay hundreds of thousands in cash. But that bit of debt people pay back over a period of time. Currently, we are only paying the interest on our national debt. The interest amounts to about $300B, which is ~10% of the yearly federal budget. What happens when interest rates rise? What happens when health care reform inevitably costs more than projected (and it's already at 1.5T), and our debt increases?
M: What happens if you pull your head out of your ass so fast your ears pop?
F: Unless Congress makes some major shifts in spending behavior, I am honestly quite uncertain about the future of our country.
M: There is nothing to be done for people who self induce a state of terror by walking around awake in their own self created nightmares.
F: Our debt will consume larger and larger portions of the national budget, and to combat this taxes will inevitably rise (because I don't see Congress cutting programs).
M: There are two reasons we don't see things. It can be they are not there or it can be that we are blind.
F: We will be in roughly the same position now - but only with less money than before. What happens when we are bled dry?
M: What happens if you get a job and have kids and life goes on happily for you?
F: Terrorism may be a threat to national security, but with every new spending bill, it seems to me that our national debt should be the greatest concern of all.
M: Good to hear that "it seems to me". I know nothing and have no opinion. I'm also not wound up like a top.
If this country can't stop arguing over every little thing and get stuff done and does somehow go bankrupt, I'm going to transition from a CPA (when school is over) to the Canadian equivalent and live on in a nation much like the US, but with better social services, and colder.
Done.
Done.
IndyColtsFan
Lifer
- Sep 22, 2007
- 33,655
- 688
- 126
You and your ilk are the ones driving the country down the drain. If the "rich" leave the country, who will pay for all of your socialistic wet dreams?
StageLeft
No Lifer
- Sep 29, 2000
- 70,150
- 5
- 0
I don't know if bankruptcy is around the corner. Probably not, given the US shares with only a tiny handful of countries the best worldwide credit rating. However, this isn't to discount problems.
Debt can be useful. If I buy a house or an education. What the US has in great part, though, is not debt used to finance a return on investment, but debt to maintain operating costs.
Consider:
1) Debt used to overhaul US transportation system, build a ton of roads, bring cost of electricity down. This is using debt as an investment.
or
2) Debt used to cover medical costs, military spending (and not R&D or a massive purchase of a warship, but ongoing, yearly costs), pensions. This is using debt to cover operating costs and is no more responsible than using a credit card to cover lifestyle filled with vacations and too many restaurant visits.
One kind of debt leaves you stronger, the other does not. The US is making extremely few strong-making purchases with its debt. We all know the stimulus, for example, was used only in tiny part on long-term infrastructure investments.
Debt can be useful. If I buy a house or an education. What the US has in great part, though, is not debt used to finance a return on investment, but debt to maintain operating costs.
Consider:
1) Debt used to overhaul US transportation system, build a ton of roads, bring cost of electricity down. This is using debt as an investment.
or
2) Debt used to cover medical costs, military spending (and not R&D or a massive purchase of a warship, but ongoing, yearly costs), pensions. This is using debt to cover operating costs and is no more responsible than using a credit card to cover lifestyle filled with vacations and too many restaurant visits.
One kind of debt leaves you stronger, the other does not. The US is making extremely few strong-making purchases with its debt. We all know the stimulus, for example, was used only in tiny part on long-term infrastructure investments.
I'm no Limbaugh but if it takes some forest burning for the forest to remain healthy then so be it.
That's a far cry from Limbaugh, you and the rest of the Republicans wishing Obama to fail even before he gets in Office.
You have your bags packed?
Why bother?! we'll be able to figure out it's you in less than two posts. Blanking out your profile and changing your screen name will do nothing to address your real issues. :roll:
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