Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Yeah, it's W's fault for the economy. Wasn't W blamed for the .com bubble burst and the corporate scandals that came to light right after he was sworn into office (even though they happened during Clinton's time in office)?
Don't forget, Hilary blamed the right wingers for the "lies" about her hubby's affairs. Maybe that was just Bush's fault too.
I don't think that is was Bush's fault. 911 started the fall of our economy. Bush didn't help much in his last term, but Obama catapaulted into major melt down.
Do you think somewhere along the line that maybe the whacking off the top should be done away with and EVERYONE should pay taxes?
No, I am just trying to get over the hurdle of folks not paying their liability. I certainly do, probably because I pay in much more than my standard deduction, but do not make enough to avoid them.
So, you find yourself within the half that does not pay taxes, huh? I find it interesting that you would bring that up as a reason as to why we are so upside down. Interesting indeed.
No, I am just trying to get over the hurdle of folks not paying their liability. I certainly do, probably because I pay in much more than my standard deduction, but do not make enough to avoid them.
I'm the opposite.. I earn far more deductions than I make. Heck one year I got a tax refund (or I should say check since I dont pay taxes) large enough to support my family for the following year. (it was more than I spent on my first home, thats how large it was) I used it to start a stock investment company. Ridiculous, but who is going to turn away a check you are rightfully and legally entitled to? The system is messed, but dont blame me, I only use it, I took no part in creating it..
Quote:
Originally Posted by Bulldawgfan
So, you find yourself within the half that does not pay taxes, huh? I find it interesting that you would bring that up as a reason as to why we are so upside down. Interesting indeed.
I've been part of the 1/2 that dont pay taxes for about 10 years now.. Ever since becoming self employed. Even though I go through great lengths to legally avoid taxes, that doesnt mean I dont understand the economic situation and the cause of the national problems. In fact, it probably means I understand the problems more than most since I have numerous businesses setup for the sole purpose of creating more deductions than profits.
I'm the opposite.. I earn far more deductions than I make.
I read through the post you linked and I can honestly say that, with my income, the tax code is not something I can utilize, let alone understand. But, with all due respect, I am glad you can utilize the whole confusing publication to your advantage.Legally, that is! But we have never really addressed how to compensate the intake side of the equation. Are you suggesting that reducing spending is the only answer?
I read through the post you linked and I can honestly say that, with my income, the tax code is not something I can utilize, let alone understand. But, with all due respect, I am glad you can utilize the whole confusing publication to your advantage.Legally, that is! But we have never really addressed how to compensate the intake side of the equation. Are you suggesting that reducing spending is the only answer?
You need to
1) Reduce spending
2) Reduce deductions
3) Simplify the tax code
4) Make it so everyone pays because as long as 1/2 the population dont pay anything, (many actually receive checks), thats 1/2 the country voting for more handouts and more exemptions instead of whats best for the country..
He didn't repeal Glass-Steigall or mandate the GSEs buy CRA subprime home loans that later became the toxic elements in the unregulated CDOs behind the subprime meltdown.
He didn't take the advice of Robert Rubin and Larry Summers to leave credit default swaps free of regulation.
On Monday President Clinton announced an "all-out" campaign to lobby Congress to pass permanent most-favored-nation status for China. The lobbying will be rough, with a fully mobilized American business community working as the iron fist inside the administration's velvet glove. The same day Clinton kicked off his new campaign, U.S. Chamber of Commerce President Thomas Donohue warned, on cue, that members of Congress who oppose permanent trade status for China "will find themselves in an unhappy situation with the business community."
“On derivatives, yeah I think they were wrong and I think I was wrong to take [their advice] because the argument on derivatives was that these things are expensive and sophisticated and only a handful of investors will buy them and they don’t need any extra protection, and any extra transparency. The money they’re putting up guarantees them transparency,” Clinton told me.
Clinton vowed to veto the Senate version of the bill unless it was re-written to include "requirements that banks make loans to minorities, farmers, and others who have had little access to credit." The new version passed 90-8 in the Senate, passed the House, and Clinton signed it into law. Clinton's required reworking of the bill should be studied closely to see what role, if any, it played in illegal, often racist, subprime loans at higher rates than Caucasian borrowers were offered.
so we're in agreement that the deregulations occured in the 90's when there was a Democrat President and the Republicans were the majority in both houses..
We agree that Clinton's Treasury Secretary pushed for the deregulation and Clinton signed it. Gramm was used by both Summers and Summers's bankster buddies.
You need to
1) Reduce spending
2) Reduce deductions
3) Simplify the tax code
4) Make it so everyone pays because as long as 1/2 the population dont pay anything, (many actually receive checks), thats 1/2 the country voting for more handouts and more exemptions instead of whats best for the country..
I can fully agree and enjoyed the discussion.
Back on the thread theme... isn't blame so much better to give than receive? Blame is tossed around here like oil bubbling up in the gulf... but not one post accepting responsibility/fault. Can both sides possibly be wrong from time to time? Absolutely. History cannot be rewritten, despite the effort to do so.
I can fully agree and enjoyed the discussion.
Back on the thread theme... isn't blame so much better to give than receive? Blame is tossed around here like oil bubbling up in the gulf... but not one post accepting responsibility/fault. Can both sides possibly be wrong from time to time? Absolutely. History cannot be rewritten, despite the effort to do so.
I dont think anyone is to blame.. Recessions take place, even depressions.. Its an economic cycle. I find the liberals needing someone to blame for a natural cycle humorous..
Was this one harder than most cycles, of course, but with 911, 2 wars, and numerous other activities taking place, I would have been surprised if it wasnt a bad recession. But that doesnt mean its not a natural occurance.
Heck, I waited for years waiting for the housing market to collapse so I can pickup a new home at a song.. Even fought with the gf over the timing because all of her idiot relatives were out buying homes over priced for more than they could afford.
I dont think anyone is to blame.. Recessions take place, even depressions.. Its an economic cycle.
The whole "you have to have bad times in order to judge good times against?" Or perhaps "Nothing endures but change". Well I cannot argue that point... but it does not make me feel any more comfortable knowing that some day this to shall pass.
But in the case of this thread, we have a conservative asking for proof of blame. Conservative/liberal... it is all brought to you by the department of redundancy department.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
) in this is quite deep, and the manipulation and lies continue:
