Discussion in 'Political Discussion' started by PATRIOTSFANINPA, Nov 24, 2010.
YouTube - Every Cent You Make (I'll be taxing you)
The Police were never as good with their lyrics
You know that federal taxes are considerably lower by almost every measure since Obama became president, right? But by all means, don't let facts get in your way.
Democrats fainted when he blew his nose
He has such a beautiful smile
When he speaks the sound of his voice creates orgasams all across America
Yes We Can
Or that he added more to the deficit than every president from Washington to Reagan combined. But, don't worry the Bush tax cuts are about to expire. And locally idiots like Do very little Patrick are jacking up every tax. Tax the rich and corporations more becuase they never pass the expense on to the consumers. You can only go to the well so often. Feel good libs wanted the U.S. to be like socialist Europe. Well the way we're going they'll get it.
This meme was debunked a long time ago. Time to find some new talking points.
Trillions is trillions no matter how you cook the books. And someone has to pay for it.
Where's the link / proof that Barack Obama or the democrats have lowered taxes?
They are including the stimulus for saying that which was actually started in Bush final months and enacted when Obama was in. Not that Bush deserves the credit either ... it was a Congress thing. Also they are including jobless benefits ... which is crazy because that money needs to be replaced eventually.
Straight cash homey.
We need to raise taxes on the wealthy in order to pay down our deficit, but Obama doesn't seem to have the guts to do that, even though most of our tax dollars ultimately end up in the hands of the wealthy who invest in those companies that government hires for major projects or that government employees and recipients of government aid tend to shop at.
In 2000, the year before the 2001 tax cut that President Bush and Congress enacted, the median-income family of four paid 8.0 percent of its income in individual income taxes, according to Tax Policy Center estimates â€” a smaller share than in any year since 1967 (except for 1998 and 1999).  The Bush tax cuts further reduced middle-income tax obligations.
This year, the Making Work Pay tax credit, which President Obama and Congress enacted as part of the 2009 American Recovery and Reinvestment Act, is providing a credit of $800 to married joint filers ($400 to single filers). A median-income family with two children thus will receive an $800 tax cut in the return it files this year.
With the new tax cut, the median familyâ€™s federal income taxes will equal just 4.6 percent of its income in 2009. That is lower than in any year since 1955 (the first year for which these data are available) except for 2008, when another stimulus-related tax cut was in effect.
Federal Income Taxes on Middle-Income Families at Historically Low Levels — Center on Budget and Policy Priorities
Nice fact. So this proves alot of people wrong then.:rocker:
Sheesh .... just when I thought ...
Good article. :eat1:
The Democratsâ€™ continuing resolutions were based on Obamaâ€™s train-wreck of a budget proposal for 2011. Coming in at a whopping $3.83 trillion and borrowing forty cents of every dollar it spends, it is a grand scheme to create an additional $1.6 trillion of debt.
Actually, it will prove worse than that. The administrationâ€™s numbers, forecast last February, were based on the failed Keynesian notions that economic growth would be much greater than it has turned out to be. The subsequent loss in revenues will only widen their projected deficit gap.
Debt held by the public ( not intergovernmental debt) increased from $6.3 trillion to $9.2 trillion ( up 46%) from 1/20/09 to today.
Government - Debt to the Penny (Daily History Search Application)
At this rate, government debt will have doubled by the end of his term in Jan 2013.....That is unsustainable...
Run the numbers
Yep, he's cleaning up the Bush mess. You are correct. And he's making a necessary mess in the process.
The very posts here lay out for anybody with half a brain the problem: You guys refuse to do math.
Try to solve the deficit problem, and you'll yell "WAHHHHH he's raising my taaaaxes" -- despite the fact that they're historically low. Or you'll stroke your chin and say, "you know, it is a terrible idea to raise taxes in a recession."
Then you'll opine about how smart it is to drive people to bankruptcy by cutting off unemployment benefits. Surely home values won't be affected - or even if they are, they should be! Yay! Surely retail sales won't be affected - and if they are, they should be! Yay! Surely tax revenues won't be even lower - and if they are, they should be! Yayyyyyyy!
But it all adds up to less revenues, less assets to cover your liabilities - in this case, the assets are tax revenues. The liability is the debt.
"Oh but it's okay," you say. "We cut unemployment benefits, and boy howdy we sure were against that there stimulus" -- which was in large part a tax cut, brainiacs.
All I ask is a smidgen of logic and accuracy.
First of all, he has not raised taxes. But in part because Obama cut your taxes, the deficit has increased.
And all of that is in the context of a recession in which more jobs were lost than in the last three combined.
Of course all the barstool blather on here that adds up to considered economic analysis in what we'll generously call your minds is a smoke-screen: you guys want to get rid of this president, because he's in the wrong party, reminds you of people you don't like, etc. He says all the syllables in his words. He knows which Korea is the one we like. Things like that.
So you want the Dem gone, and you want another Republican to give America's wealth to corporations at an even greater rate--after all, Corporations are people too! Bully!
I know you guys don't know what you're being used for, and who's using you. That's fine. It's the plan. Get a bunch of clueless rubes to shill against their own interests, by telling them that taxing the rich is taxing them... and all to support even poorer people! MY GOD!
I don't care that you're eating this crap up, and I don't care that your critical faculties are all but anaesthetized (as you bleat on about the "sheep" who think these things through and come to less shiny happy conclusions.)
All I ask is that you pick which you're against, the high taxes or the high deficit.
Feel free to blather about future spending after that. You haven't caught up to paying what we owe. How ya gonna do that, sunshine?
By the way, the homeopathic theory of taxation is a spurious argument (i.e., just keep cutting taxes, and you get more revenue.) The taxes get cut in a trough as a stimulative measure, the economy rebounds (either as an epiphenomenon of the business cycle or as a result of the stimulative measure,) and voila, the theory appears confirmed. It does not work as a solution over time -- otherwise our orgy of tax-cutting for thirty years would not have resulted in the deficit we have; and the big jumps in the deficit, one should remember, have come during these disasterous "stimulative" tax cuts.
If you don't pay what you owe, you're in debt. So how are we planning to raise the money, a goddam bake sale?
Or to put it back in a very reasonable way: You can talk about cutting future spending, but first talk about the debt you've already got.
In other words, if it's truly the debt we care about, that money is spent. Now how ya gonna pay it?
By the way, you're wrong about the future chunk too. But let's talk about what's already spent. You can't cut that spending. How do you pay for it?
I read the whole post, it was mesmerizing and spellbinding, best of all its the truth.
Separate names with a comma.