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...in the form of a tax deal that will add $800B to the deficit?
A deal that they insist on making as incrementally expensive as possible by throwing away money on non-stimulative tax cuts for some of the wealthiest people on Earth who need them the least and will spend the smallest portion of them?
Riddle me that... I love it!!! You can't make up this kind of comedy.
I mean, you'd expect this sort of thing from the evil Democrats, right... But Republicans?? What happened, guys?
...in the form of a tax deal that will add $800B to the deficit?
A deal that they insist on making as incrementally expensive as possible by throwing away money on non-stimulative tax cuts for some of the wealthiest people on Earth who need them the least and will spend the smallest portion of them?
Riddle me that... I love it!!! You can't make up this kind of comedy.
...because the ultimate goal of the GOP/Wall Street/ Corporatists is to put us in a large enough hole to start hacking away at Social Security and Medicare. They are chomping at the bit to privatize and gut these programs.
More liberals displaying their lack of knowledge that its not income that creates deficits, its spending.. Oooh man, you guys should have a skit on SNL... You wont even need to make up a script.. You can just get on and talk honestly about your knowledge of economics and we can sit there and laugh at you...
More liberals displaying their lack of knowledge that its not income that creates deficits, its spending.. Oooh man, you guys should have a skit on SNL... You wont even need to make up a script.. You can just get on and talk honestly about your knowledge of economics and we can sit there and laugh at you...
Really? Boy are you in for a surprise in a few years...
...because the ultimate goal of the GOP/Wall Street/ Corporatists is to put us in a large enough hole to start hacking away at Social Security and Medicare. They are chomping at the bit to privatize and gut these programs.
Because so-called privatization simply means transfering all that money from a government account into the stock market, where it (and YOUR future) can be controlled by Wall St. traders....IF they don't steal it all!
...in the form of a tax deal that will add $800B to the deficit?
A deal that they insist on making as incrementally expensive as possible by throwing away money on non-stimulative tax cuts for some of the wealthiest people on Earth who need them the least and will spend the smallest portion of them?
Riddle me that... I love it!!! You can't make up this kind of comedy.
I mean, you'd expect this sort of thing from the evil Democrats, right... But Republicans?? What happened, guys?
Nice slight of hand. Not raising taxes will add to the deficit? No, no my friend, by not cutting spending by $800 billion we are adding to the deficit.
Think about your own finances. Do you go out and by a Corvette and then blame your boss because he doesn't pay you enough when the repo man makes his visit? You don't have a revenue problem you have a spending problem.
Last edited by shorebaby; 12-15-2010 at 05:24 AM..
More liberals displaying their lack of knowledge that its not income that creates deficits, its spending.. Oooh man, you guys should have a skit on SNL... You wont even need to make up a script.. You can just get on and talk honestly about your knowledge of economics and we can sit there and laugh at you...
Dude... follow me closely here:
Let's say you have a debt to repay. What can you do to repay it as quickly as possible?
1. You can spend less on everything else so that you can allocate more money to debt payment.
2. You can increase your income - if you have the means - so that you can allocate more money to debt payment.
Do you get it now?
Cutting taxes is necessary and good - if you do it to those who will spend/invest it so that it increases economic activity in the long run and thereby helps increase revenues to pay down debt later. But recognize that when you take steps to decrease your income at a time of debt by handing cash to people who are least likely to spend it - then you are hurting your near-term ability to reallocate money to debt reduction.
And you guys still haven't yet figured out that in this country, we will ultimately have to both cut budgets and increase taxes.
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You can't make up this kind of comedy.
