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"All that is required for evil to triumph is for good to do nothing."
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Nice taking that out of context. It meant "affordable for the US Budget". If you have huge debts you don't "spend your way" out of it.
RW earlier today suggested we should just hasten the financial crisis and declare bankruptcy:
"Bankruptcy is the only option. Did you know the last time the government was in the black was the early 1950's? We've been making minimum payments on our credit card debt, while charging more and more everytime we go shopping. It's best we go out of business and start over."
I saw that as a very interesting point. Everything points to that being what the Neo Cons are aiming for.
Trillions of dollars of debts for our grandchildren is not "affordable" to me. It may be for you.
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"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com
I'm for a flat tax. No loopholes, except for charity.
No mortgage deduction either then - which is fine with me but it's not happening.
Quote:
Originally Posted by shmessy
That FICA taxes are paid evenly by all (not just those who make less than 102K per year). If that is done, we can bring down FICA taxes (currently 7.65% on the first 102K) to approx. 2% on all income (earned income and Paris Hilton-style income).
That doesn't work unless you change the whole concept. The concept of SS isn't that it's a tax, it's a "the more you put in the more you get out" system. If I (generic person as I make less than $102K) made $200K and my SS tax were raised, I would also get more out unless the concept changes. That would blow your numbers out of the water.
Nice taking that out of context. It meant "affordable for the US Budget". If you have huge debts you don't "spend your way" out of it.
RW earlier today suggested we should just hasten the financial crisis and declare bankruptcy:
"Bankruptcy is the only option. Did you know the last time the government was in the black was the early 1950's? We've been making minimum payments on our credit card debt, while charging more and more everytime we go shopping. It's best we go out of business and start over."
I saw that as a very interesting point. Everything points to that being what the Neo Cons are aiming for.
Trillions of dollars of debts for our grandchildren is not "affordable" to me. It may be for you.
Wait a minute! I thought Bill Clinton "balanced the budget"?? Didn't he also get rid of the national debt?? (There's some "context" for you!! )
OK, beyond partisanship, I see the issue as one of balancing the level of scale-down of personal spending: nix on the Bentleys, auto-upscale with every promotion, no savings/investments. In general: no more spending before earning; certainly no more spending MORE than one is earning.
If this can be enforced, the debt will come down. It may take a couple of generations to eliminate it entirely, but as long as it makes a steady downward track, we'll be in good shape over the long haul. I'm thinking the next hundred years, after which a new ethic of spending/living balance will be established.
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"All that is required for evil to triumph is for good to do nothing."
Wait a minute! I thought Bill Clinton "balanced the budget"?? Didn't he also get rid of the national debt?? (There's some "context" for you!! )
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You are confusing the terms "deficit" with "debt".
The Clinton years saw a marked reduction in the deficit and, eventually, the creation of a very healthy surplus. There never was an elimination of debt. Much of the surplus did go towards paying down and REDUCING the massive debt. On the day he handed the reigns over to the person who garnered 500,000 votes less than Al Gore, the fiscal momentum of our country's cash flow was moving steadily in the right direction for the future.
Hope that's helpful.
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"They (Patriots) may be the greatest team ever" - Chris Mortenson, January 18, 2005 on espn.com
One of the falacies (sp.) that people have, and the one that the right is constantly bringing up is that the wealthy PAY more taxes than anyone else, and this is very far from the truth.
What they have, because of their ultra high income, is a very, very high, tax BILL.
But, once they are finished with their loopholes, their deductions, and anything else they can find to lie about, they have, virtually, very little that they actually pay in taxes,and in many cases, if not most, they pay nothing at all.
The average wage earner does not have the luxury of those loopholes, or deductions, so they pay through the nose, on a percentage to dollars earned.
The Democrat tax plans call for ending the lucrative tax breaks for the wealthy and passing them on to the middle class.
And that is what the Repubs are calling a tax increase.
You are confusing the terms "deficit" with "debt".
The Clinton years saw a marked reduction in the deficit and, eventually, the creation of a very healthy surplus. There never was an elimination of debt. Much of the surplus did go towards paying down and REDUCING the massive debt.
Hope that's helpful.
Yeah, I learned the difference between the deficit and the debt some years ago. During Jimmy Carter's reign, I believe.
Anywho, I was just poking you with a little political humor. To keep things in "context".
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"All that is required for evil to triumph is for good to do nothing."
One of the falacies (sp.) that people have, and the one that the right is constantly bringing up is that the wealthy PAY more taxes than anyone else, and this is very far from the truth.
What they have, because of their ultra high income, is a very, very high, tax BILL.
But, once they are finished with their loopholes, their deductions, and anything else they can find to lie about, they have, virtually, very little that they actually pay in taxes,and in many cases, if not most, they pay nothing at all.
You keep saying that but have never, ever shown any supporting evidence.
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
Take the honest liberial test, how much should a person/ family pay in taxes?
As little as is humanly neccesary.
What's sad about the current sate of government, and I mean local, state, and federal, is the gross mismanagement of money and structure. How come no one is complaining about Massachusetts cities and towns trying to override Proposition 2 1/2? Whay are so many cities having difficulty balancing a budget? Is that GW's fault? Hmm.... GW, that drunken sailor that he is, has given cities and towns more money than any other president in our history, yet States & cities can't cut the mustard. Why?
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To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
Re: Evidently Bush = Big Government??????
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