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Something for people to consider: Say you make $100,000 per year. Is taking out a loan out for $73,000 a bad idea? Will it bankrupt you? Will you be paying it off for decades?
That's kind of like saying that you're ok with your basement being filled with water by a fire hose, because you have a bucket. It's still filling up, but not quite as fast. The house will be fine, right?
Not even close. In your scenario, the amount of water in your basement has no impact on the size of the bucket. Also, the size of the bucket has no projected change.
Nope. No one is. We just have different ideas on how to fix it.
And one idea that i reject out of hand is lowering taxes even more for the very wealthy while cutting entitlement spending for everyone else. That's sure as hell not going to fix the debt problem.
Link? You do know people now are forced to pay for insurance even if they are young and healthy and don't want it? I think most will just pay the fine since it is cheaper that way. I wonder if you are in that catagory or if you are still on your parents insurance and it won't affect you.
Tax, Janelle, remember? It's now a tax, written from the bench.
Don't forget the Judicial Branch is now responsible from time to time for writing our Law.
That's in the Constitution right?.................right?
Raise Capital Gains Tax And Close Certain Loop Holes That Apply To The Wealthy, Not The Income Tax On The Rich..
And I also agree that Simpson-Bowles should be given a shot, we need to break away from the traditional method of tax and spend and get serious about the future because my generation, Generation Y, is going to suffer the most from this non-sense that isn't even benefiting us..
I would love to see that AFTER a meaningful recovery. Raising taxes before people start making more money from better posting jobs, won't create enough revenue, even with the tax revenue from enacting the Buffet rule on the 1%, even the 2%.
Obama has been slow to fix the issues. He underestimated the position that Bush had left the country. Frankly, Obama was not the right person for the job. But we got stuck with him.
Yet enough voted for him twice in spite of that becoming obvious.
There was no viable alternative the second time around.
At least in the mind of the majority he was the lesser of two evils compared to Romney. I admit the 47% comment was wrong (even though he is somewhat right.)
In 2008, he got it just because the Republicans had the Bush ill-will and then the bailout stink on top of that.
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