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So, you think we should borrow more money to cut taxes? The ND is rising now because we are not collecting enough taxes.
I fail to see how your plan will do it. Can you elaborate a bit?
Why would the government have to borrow to cut taxes? That is ridiculous and the mindset that has led to massive government expansion.
The ND is rising because we are spending money we don't have. It really is that simple.
Cutting taxes, along with cutting spending, will stimulate the economy by allowing people to spend more of their money, that in turn creates more demand for products, that in turn creates more jobs as manufacturers and business hire new employees to meet that excess demand, those jobs then bring more revenues to the treasury.
This board is full of complaints about the increasing National Debt. What would your proposal be to pay down the deficit? Whatever it is will involve taxes, since the government has no money of its own. The poor have no money to get. You either have to increase the tax base in both breadth and depth, or you have to tax existing wealth.
For those who don't like the Stimulus, and for those who do:
Is there a good plan for increasing the amount of money available in the economy to be taxed, or should we simply tell our creditors to take a hike? Would you like to move the decimal in our currency over a place to accommodate your plan? Educate us in what we SHOULD be doing instead of simply taking pot shots.
It's easy to sit behind a fence and throw snowballs over it and whine. Offer something constructive as a counterpoint to the current situation.
Decrease military spending by 1/2. Close a number of our overseas bases in places like Germany, Korea, and leave Iraq entirely. Adopt a conservative and humble foreign policy based in national defense instead of one rooted in expansionist imperialism. Do not allow any US military intervention without a formal declaration of war.
consolidate a variety of Federal departments such as the FBI, CIA, and NSA into a single entity with three departments to better increase inter-department communication and coordination. May even be able to include FEMA in this as well. Do away entirely with Homeland Security or use it as the name of the single entity in which the others work within.
Base our economy in production instead of services as well as adopt a long term slow growth plan geared more in maintenance than just pure expansion.
Tax increases on the 41% of American tax returns that pay zero in taxes (in fact, they often get refundable rebates). Every family or tax return should have to pay at least $500 in actual taxes.
Facts about the Bush tax cuts: • Through 2008, the government has borrowed $1.6 trillion to pay for the Bush tax cuts.
• Investment and economic growth since the 2001 and 2003 tax cuts have been lower than average, indicating that the tax cuts have not had strong economic effects.
If the Bush tax cuts were made permanent:
• It would cost the federal government an additional $3.4 Trillion over the next decade, if the funds were borrowed.
• It would cost the government three times more than the amount necessary to close the Social Security funding gap through 2075.
The President’s tax cuts may actually end up reducing low and middle class incomes: • These tax cuts are financed with borrowed money – a loan from future generations to today’s taxpayers. Depending on how this loan is repaid, the net effect of fully-funded tax cuts would likely reduce most middle class incomes.
My wife works for the Employment Security Commission in South Carolina which functions to find jobs for displaced workers. Your statements on the unemployed are way off base.
You pay into unemployment when you are working. It is a type of insurance that protects you partially should you lose your job. People who have not been gainfully employed for a period of time are not eligible.
I thought you said a while back that you had been unemployed and that you couldn't get hired by the garages because the Immigrants who owned the business were only hiring others of their ethnic origin. Was that you? How did you survive while you were not employed?
Get laid-off from your legitimate job and then get something under the table while on unemployment. First time you heard of that?
I just go get another job. I don't personally pimp the system, but a lot of other people do. You can make more money by being laid-off. That's why people stay on unemployment as long as possible.
That is because they don't cut spending as well. They continue with the same budget, instead of reducing it. A perfect example of that mindset I was talking about. Can you remember the last time a budget has been decreased? The mentality of "funding" a tax cut is ridiculous.
That is because they don't cut spending as well. They continue with the same budget, instead of reducing it. A perfect example of that mindset I was talking about. Can you remember the last time a budget has been decreased? The mentality of "funding" a tax cut is ridiculous.
You are right, the last administration's policies were incredibly dumb.
Get laid-off from your legitimate job and then get something under the table while on unemployment. First time you heard of that?
I just go get another job. I don't personally pimp the system, but a lot of other people do. You can make more money by being laid-off. That's why people stay on unemployment as long as possible.
But not government money.
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