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Old 07-10-2009, 12:58 PM
 
3,151 posts, read 3,130,229 times
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Please..I just got screwed, can I at least have some time to have a cigarette before I get screwed again??
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Old 07-10-2009, 01:04 PM
 
5,165 posts, read 5,308,272 times
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Quote:
Originally Posted by wdavid002 View Post
Please..I just got screwed, can I at least have some time to have a cigarette before I get screwed again??
There will be a $5 tax on that cigarette.
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Old 07-10-2009, 01:14 PM
 
19,183 posts, read 28,313,751 times
Reputation: 4002
Quote:
Originally Posted by oscottscotto View Post
As much as it pains me to say this, I meant business tax cuts (preferably for smaller businesses and not huge corprations). In theory, more money would be opened up for new working positions (creating real jobs). Of course with the scare personal tax cuts would go straight to debt-reduction or savings.
Business is not cutting back because they don't have enough money to pay people. They are cutting back because they don't have any expectation of being able to sell what current, not to mention additional, employees would produce. You can hand businesses all the money you want. They'll simply invest it in something or other until demand increases and prospects for being able to sell stuff are on the rise.

The Make Work Pay tax cuts were implemented through the IRS witholding tables so that they would dribble out at rates of a few bucks per week, hopefully then just blending into disposable income and thus being spent. This approach has worked better than simply sending out lumpsum checks a la 2008, but too many people are still cutting back because they somehow think they ought to, rather than because they actually need to. Spending has gotten a bad reputation. Rather than the Joneses, we now want to keep up with the misers, tightwads, and cheapskates. That's not helpful.

Quote:
Originally Posted by oscottscotto View Post
I am not sure whether I agree, but that is kindof beyond what I am saying. What I am saying is, why are we contemplating allocating more money when we have only spent a fraction of the first allocation? Why not at least spend 50% before making that decision. And who knows, maybe by the time 50% of the first allocation is spent - we will be out of this? Then we would save 50% of possible debt.
That's not much different from what I said. More fed spending would always be a plus for the economy, but its questionable in terms of its political reality. Six months from now, a good chunk of the remaining stimulus funding should have rolled out into the economy. We'll have a better idea then of whether more needs to be done.

As for this debt, no one is ever going to repay it. Not you, not your kids, not your grandkids. Our debt from the Civil War is similarly not repaid. We just keep making the interest payments on it and rolling over the notes as they come due. As the economy starts to recover, we will have to stop adding to the debt so quickly, but we are not going to reach a point of actually repaying it.
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Old 07-10-2009, 01:17 PM
 
5,165 posts, read 5,308,272 times
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Originally Posted by saganista View Post
Business is not cutting back because they don't have enough money to pay people. They are cutting back because they don't have any expectation of being able to sell what current, not to mention additional, employees would produce. You can hand businesses all the money you want. They'll simply invest it in something or other until demand increases and prospects for being able to sell stuff are on the rise.

The Make Work Pay tax cuts were implemented through the IRS witholding tables so that they would dribble out at rates of a few bucks per week, hopefully then just blending into disposable income and thus being spent. This approach has worked better than simply sending out lumpsum checks a la 2008, but too many people are still cutting back because they somehow think they ought to, rather than because they actually need to. Spending has gotten a bad reputation. Rather than the Joneses, we now want to keep up with the misers, tightwads, and cheapskates. That's not helpful.


That's not much different from what I said. More fed spending would always be a plus for the economy, but its questionable in terms of its political reality. Six months from now, a good chunk of the remaining stimulus funding should have rolled out into the economy. We'll have a better idea then of whether more needs to be done.

As for this debt, no one is ever going to repay it. Not you, not your kids, not your grandkids. Our debt from the Civil War is similarly not repaid. We just keep making the interest payments on it and rolling over the notes as they come due. As the economy starts to recover, we will have to stop adding to the debt so quickly, but we are not going to reach a point of actually repaying it.
Please just once have some data to back up your claims.
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Old 07-10-2009, 01:23 PM
 
19,183 posts, read 28,313,751 times
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Originally Posted by cleanhouse View Post
Thanks, why bother responding with useless answers like that?
That's all useless questions and comments deserve. Try harder.
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Old 07-10-2009, 01:24 PM
 
5,165 posts, read 5,308,272 times
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Originally Posted by saganista View Post
That's all useless questions and comments deserve. Try harder.
Spewing socialist propaganda with nothing to back up your opinion is a useless as it gets.
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Old 07-10-2009, 01:29 PM
 
19,183 posts, read 28,313,751 times
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Originally Posted by cleanhouse View Post
Please just once have some data to back up your claims.
If this is all you had to offer, you needn't have expended the effort to post it.
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Old 07-10-2009, 01:29 PM
 
Location: Dallas, TX
31,777 posts, read 24,821,962 times
Reputation: 12162
Quote:
Originally Posted by cleanhouse View Post
Please just once have some data to back up your claims.
And this is from someone who has contributed nothing of value to this thread, to counter well written, comprehensive and logical posts.

Great posts, as usual, Saganista.
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Old 07-10-2009, 01:30 PM
 
3,151 posts, read 3,130,229 times
Reputation: 1075
Quote:
Originally Posted by cleanhouse View Post
There will be a $5 tax on that cigarette.
Soon it will be cheaper to buy a gun and just blow my brains out...
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Old 07-10-2009, 01:32 PM
 
19,183 posts, read 28,313,751 times
Reputation: 4002
Quote:
Originally Posted by cleanhouse View Post
Spewing socialist propaganda with nothing to back up your opinion is a useless as it gets.
Dweebishness will get you nowhere. If you actually have anything to say, say it. Mewling doesn't count.
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