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debt deal

eulesseagle
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meangreendork Enthusiast

meangreendork

Posted
Posted

Everyone should get used to a lower standard of living and 15% unemployment, cause it's coming.

Terrible, terrible, terrible legislation.

Yes, CMJ, fell free to use this as a conservative example of unhappiness with this piece of sh!^ legislation. :angry:

To be honest, I think we were stuck with it 2-3 administrations ago. The question of the last few years has been "how long is it gonna take to get out once we get in?"

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KRAM1
KRAM1

How's that "Change" working out for you now? Like what you see in your 401K, 403B, IRA, savings, etc. And, how about those great employment numbers? How's that "recovery" plan working out for you?

Censored by Laurie
Censored by Laurie

Clearly one person, right?

UNT90
UNT90

Problem is all the spending cuts are backloaded to future years when another congress will be seated and they can do what they have always done, just vote to ignore the cuts. This is a loss by bot

UNT90 Newbie

UNT90

Posted
Posted

Perhaps being sarcastic is a way of saying that you are unfamiliar with the topic. Perhaps you can give your opinion on the subject without sarcasm.

Perhaps you should read more than one of his posts.

UNTflyer Apprentice

UNTflyer

Posted
Posted

Here's the problem on taxes...

Liberals want higher taxes, specifically on those who earn high salaries, because they believe in bigger government.

Conservatives want taxes to be as low as possible because they believe in smaller government.

At the end of the day, they both want a balanced budget and eventually a reduction of debt. In order to do that we have to maximize revenues and minimize expenditures.

In order to maximize revenues, we have to hit the sweet spot of tax rates at all income levels. This sweet spot would not discourage economic growth by being too high, and it would not drop below the optimal tax rate.

That means everyone needs to contrinute a "fair share" on taxes. The rich, the middle, and the high end of the working class. Just like the Bush tax cuts affected all tax brackets, any increase in taxes must be paid by all income levels. Those who think taxing the wealthy would fix everything is delusional.

Ideally, we should shrink the gap of the tax brackets as much as possible. I favor a marginal flat tax above a specific income level. The income level would be determined every year by Congress with the goal to ensure that households living in poverty are basically exempt from income taxes.

  • Upvote 1
Green2012 Newbie

Green2012

Posted
Posted

Here's the problem on taxes...

Liberals want higher taxes, specifically on those who earn high salaries, because they believe in bigger government.

Conservatives want taxes to be as low as possible because they believe in smaller government.

At the end of the day, they both want a balanced budget and eventually a reduction of debt. In order to do that we have to maximize revenues and minimize expenditures.

In order to maximize revenues, we have to hit the sweet spot of tax rates at all income levels. This sweet spot would not discourage economic growth by being too high, and it would not drop below the optimal tax rate.

That means everyone needs to contrinute a "fair share" on taxes. The rich, the middle, and the high end of the working class. Just like the Bush tax cuts affected all tax brackets, any increase in taxes must be paid by all income levels. Those who think taxing the wealthy would fix everything is delusional.

Ideally, we should shrink the gap of the tax brackets as much as possible. I favor a marginal flat tax above a specific income level. The income level would be determined every year by Congress with the goal to ensure that households living in poverty are basically exempt from income taxes.

The poor are already exempt from income taxes. Over 40% of America pays ZERO income tax. Who's not paying their fair share...

I agree with you. We gotta reduce how ridiculously big our federal government is and let our states and local government increase taxes and govern more with reduced federal income taxes. I'd much rather pay taxes in Texas and my hometown than to the abyss of the federal government.

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Censored by Laurie Veteran

Censored by Laurie

Posted
Posted

The poor are already exempt from income taxes. Over 40% of America pays ZERO income tax. Who's not paying their fair share...

I agree with you. We gotta reduce how ridiculously big our federal government is and let our states and local government increase taxes and govern more with reduced federal income taxes. I'd much rather pay taxes in Texas and my hometown than to the abyss of the federal government.

smh.

Green2012 Newbie

Green2012

Posted
Posted

Yes. Go see the NHS Rations thread.

10-15 year moratorium on births? At least the people of Southlake are capable of responsibly funding their child's upbringing. I singled out welfare recipients because they irresponsibly bone down out of boredom from playing xbox too long. How about we just put soft peter in all welfare recipients water instead. That way instead of humping like rabbits they'll start looking for jobs.

Censored by Laurie Veteran

Censored by Laurie

Posted
Posted

10-15 year moratorium on births? At least the people of Southlake are capable of responsibly funding their child's upbringing. I singled out welfare recipients because they irresponsibly bone down out of boredom from playing xbox too long. How about we just put soft peter in all welfare recipients water instead. That way instead of humping like rabbits they'll start looking for jobs.

If this is a bit...it's tip-top.

If not, how close are you to Euless? I've someone for you to meet.

  • Upvote 4
Green2012 Newbie

Green2012

Posted
Posted

Perhaps being sarcastic is a way of saying that you are unfamiliar with the topic. Perhaps you can give your opinion on the subject without sarcasm.

I just caught this reply to my post.

I wasn't being sarcastic. We really are screwed. If you read other posts of mine I think I make that pretty well known. Unfamiliar? Actually no. I keep up with it.

I think Rand pretty much speaks how we all feel about it. Both sides are ultimately letting us down. Maybe Rand will run in 2016.

Perhaps you should tap the breaks a little. Not everyone is being sarcastic all the time.

Green2012 Newbie

Green2012

Posted
Posted

Sounds like someone with a responsibly funded upbringing.

Oh...and, no.

Then who do you want me to meet?

My point was that too many people are irresponsibly making babies that they have no means to support financially. Do you not agree?

meangreenacct Community Regular

meangreenacct

Posted
Posted

I just caught this reply to my post.

I wasn't being sarcastic. We really are screwed. If you read other posts of mine I think I make that pretty well known. Unfamiliar? Actually no. I keep up with it.

I think Rand pretty much speaks how we all feel about it. Both sides are ultimately letting us down. Maybe Rand will run in 2016.

Perhaps you should tap the breaks a little. Not everyone is being sarcastic all the time.

Who is this we you refer to?

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UNT90 Newbie

UNT90

Posted
Posted

I'm with you. I think both parties gave up something they wanted, so no one feels like a winner. I'm just glad they are getting something done so my 401K doesn't tank and I don't have to fast rising interests rates on any of my variable rate debt...

Uh... Guess politicians don't control the market... or do they?

Looks like the street isn't ready to have the biggest 10 year increase in spending in the history of the USA (which is what this bill does).

eulesseagle Newbie

eulesseagle

Posted
  • Author
Posted

I just caught this reply to my post.

I wasn't being sarcastic. We really are screwed. If you read other posts of mine I think I make that pretty well known. Unfamiliar? Actually no. I keep up with it.

I think Rand pretty much speaks how we all feel about it. Both sides are ultimately letting us down. Maybe Rand will run in 2016.

Perhaps you should tap the breaks a little. Not everyone is being sarcastic all the time.

my fault Green2012....

personally, i think we are screwed too.

the super congress of 12 has the tie breaking vote of the president written into the new legislation. six dems and six repub....tie break goes to the prez. what kind of deal did the republicans get us into......??

Green2012 Newbie

Green2012

Posted
Posted

my fault Green2012....

personally, i think we are screwed too.

the super congress of 12 has the tie breaking vote of the president written into the new legislation. six dems and six repub....tie break goes to the prez. what kind of deal did the republicans get us into......??

A bad one. No side of government is serious about cutting, only accounting gimmicks that trick the citizens. Its all about getting reelected rather than doing what we need. The super congress will consist of career politicians that have no desire to make the changes needed. We'll just carry on down the road and debt will hit 20 trillion by 2020.

KRAM1 Rookie

KRAM1

Posted
Posted

How's that "Change" working out for you now? Like what you see in your 401K, 403B, IRA, savings, etc. And, how about those great employment numbers? How's that "recovery" plan working out for you?

Just wondering......who might get blamed this time.

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