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.
And we need to raise taxes. All these tax cuts have come to roost. If we through a bunch of highly qualified federal workers on the doles, it will not help the current situation.
revenue has continued to rise even with the tax cuts
we (the people) are already taxed enough,,,,maybe not so much from the fed "income" side, but from EVERYOTHER DIRECTION
since 2001 revenue has increased 25%....but spending has gone up 70%....spending has gone up 44% since 2007 alone
here is a question, say you raise the debt limit....let's say by 1 trillion....fine now you have to have the SAME ISSUE 5-8 month from now
i dont care who did what, or when..the fact is we have a spending problem...and the 'brickwall' is the debt ceiling....do you really think BEGGING for more credit to BORROW from foreign countries is a wise choice????????
revenue has continued to rise even with the tax cuts
we (the people) are already taxed enough,,,,maybe not so much from the fed "income" side, but from EVERYOTHER DIRECTION
since 2001 revenue has increased 25%....but spending has gone up 70%....spending has gone up 44% since 2007 alone
here is a question, say you raise the debt limit....let's say by 1 trillion....fine now you have to have the SAME ISSUE 5-8 month from now
i dont care who did what, or when..the fact is we have a spending problem...and the 'brickwall' is the debt ceiling....do you really think BEGGING for more credit to BORROW from foreign countries is a wise choice????????
Well, we do need to cut, but we also need to let the Bush tax cuts expire. The notion that cutting taxes on the wealthy will somehow pay for foreign wars and an epic financial meltdown is ludicrous. Revenues must be increased, and I agree spending and duplication must be decreased. But it will not happen instantly, and I don't believe the republican congress is playing fair. They want to us the crisis to ramrod an agenda, which is silly.
Well, we do need to cut, but we also need to let the Bush tax cuts expire. The notion that cutting taxes on the wealthy will somehow pay for foreign wars and an epic financial meltdown is ludicrous. Revenues must be increased, and I agree spending and duplication must be decreased. But it will not happen instantly, and I don't believe the republican congress is playing fair. They want to us the crisis to ramrod an agenda, which is silly.
uhm
1. the 'bush' tax cuts/credits were not for the rich...they were mostly for the poor and middleclass...leting them expire will HURT the already hurting poor and middleclass
2.the 01/03 (aka "bush' ) tax cuts/credits were for EVERYONE..with the poor and middleclass getting the biggest part of the cuts/credits.....\prior to the 'bush' tax cuts there was not a 10% bracket..it was 15%....the rich was cut from 39% to 35%
3. but the biggest part of the cuts/credits was not the tax rates ....... but the CREDITS ( child care credit, child credit, energy efficiency credit, retirement 401k credit, education tuition credit, and the health costs credit) which the "rich" those households over 180k could NOT take
to even say 'tax cuts for the rich'...is a LIE
...bring us back to 2006 spending and we will have a surplus.....2006 fed budget 2.7 trillion ...revenue in 2007 (prior to the recession) 2.75 trillion..
when you max your credit card out do you cry to the lender and get an increase to your debt/credit limit...or do you tighten your belt, pay down the priciple, and spend within you means????
The individual borrower canard is not only overused it is flat out unanalogous.
The erroneous premise that the governments debt ceiling is the same as a individual consumer's credit card is not only wrong it is ridiculous. The limit on an individual's credit is based upon an evaluation by a bank or credit card issuer on the amount of risk that they are willing to assume.
On the other hand, the national debt limit is an artificial ceiling established for purely political reasons. In 1917 Congress imposed a debt limit on the Treasury Department for the sole purpose of allowing Treasury a free hand to issue enough bonds to finance WWI without the need of returning to Congress for every issuance of a new level of bonds. In short, the debt limit has nothing to do with the nation's ability to pay but rather the nation's willingness to assume debt.
If the U.S.'s ability to pay had somehow exceeded its debts U.S. securities would not by any means be trading at 4.12%! Which in reality makes the current debate so utterly farcical because right now the U.S. could actually borrow money at historically low rates. Money that could be used to stimulate the economy which of course we are neglecting to do and even equally farcical makes the argument that Obama is some sort of dedicated Keynsian much less a socialist so utterly ridiculous.
1. the 'bush' tax cuts/credits were not for the rich...they were mostly for the poor and middleclass...leting them expire will HURT the already hurting poor and middleclass
Nice little piece of disinformation because the Democratic position is to keep in place the tax cuts for those making less that $250,000, or did you just forget?
Perhaps they recognized that an accumulation of bad behavior has resulted in pending disaster?
Perhaps the common sense of the American people is now threatening political careers?
Do you suppose some D-party members also had an awakening?
Think of this as owing money on your credit card. A little bit paid off as you go is fine but when you accumulated overwhelming debt and can only pay the interest, you are heading for disaster.
Ask Geitner to explain why he said money not backed by gold would never be printed and then he went off and printed a whole bunch of it. I think Timmy owes us an explaination before we give him any credibility.
Obama has announced this morning that if he doesn't get his credit raise by August 2 there is a great probability that Social Security checks will not go out beginning August 3. So very many of us get out checks issued on the third of each month.
I agree with Alan West that this declaration is purely political and an attempt to force Republicans to make the deal he is trying for on his credit card. I will be mad as hell if my check doesn't show up in the bank on the 3rd but will only blame him for it happening.
He has become a real fear monger on the subject of the debt ceiling, and as West, said on Fox just now, he is not acting like a leader trying to use that kind of political action.
Oh well, I wasn't going to vote for him, anyway so getting the Republicans blamed won't be overlooked by many of us either.
I agree with Alan West that this declaration is purely political and an attempt to force Republicans to make the deal he is trying for on his credit card. I will be mad as hell if my check doesn't show up in the bank on the 3rd but will only blame him for it happening.
Nice little piece of disinformation because the Democratic position is to keep in place the tax cuts for those making less that $250,000, or did you just forget?
what are you talking about...I didnt even mention the democrats
I was answering fiddle who said """Well, we do need to cut, but we also need to let the Bush tax cuts expire""""
FACT is the 'bush' tax cut/credits were for ALL, and MOSTLY helped the poor/middleclass
dont come in on the middle of a conversation, unless you want to look like a FOOL
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.
Simple answer
