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Old 01-09-2013, 09:34 AM
 
Location: Vallejo
15,993 posts, read 17,914,789 times
Reputation: 14319

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Quote:
Originally Posted by petch751 View Post
Republicans (Bush) wanted the Bush tax cuts to be permanent but Democrats voted against it. I don't know if the payroll tax holiday was part of that. Anyway, in my years in the U.S. I have learned one thing. Anytime the government says they want to raise taxes on someone else they always end up taxing the middle class. Obama says he wants more revenue.... middle class, hold on to your wallets because Obama wants more of the money you worked for.

Remember, Obama could say and tax the higher income people but there is not enough of them so he has to tax the middle class. There is actually more money to be taken in the middle class because there are many more middle class Americans.
Actually, that's incorrect. Republicans (Bush) wanted to run the country into debt. The Democrat passed law requires that no permanent changes to the tax code result in an ongoing and substantial increase in the deficit. Since the Republicans were unwilling to be fiscally prudent and off-set their tax cuts with spending cuts rather than spending increases, they were forced to pass a temporary tax cut. The Republicans controlled the House, Senate, and the Oval Office. Had they wanted to pass a permanent tax cut, they would have.
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Old 01-09-2013, 10:14 AM
 
Location: Keosauqua, Iowa
9,261 posts, read 18,031,159 times
Reputation: 12597
Quote:
Originally Posted by petch751 View Post
You can't be that much of a Obama blind follower? If you personally are not making enough money to make ends anyone with common sense would do either one or two of the following.... work extra hours and cut spending.

Obama and the Democrats are the spenders. Wake up
There are no good guys here. Rs and Ds are equally culpable. The (very) few who really want to rein in total spending - as opposed to lowering spending on the other side's pork while increasing spending on their own - are mostly Republican, but they are far from being rank-and-file members of that party.
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Old 01-09-2013, 05:28 PM
 
Location: Boise, ID
8,047 posts, read 25,470,716 times
Reputation: 9377
I thought I posted a reply to this earlier today, but it seems to be missing, not sure why.

Republicans and Democrats both spend a ton of money, they just differ on where they spend it and how they pay for it.

Republicans spend a lot of money on a few big things (like wars), and then cut taxes and expect that to stimulate the economy, therefore increasing the amount of money being spent, therefore increasing tax revenue. Democrats spend a lot of money on a lot of little things (like welfare programs) and increase taxes to pay for it immediately.

Which is better? I can't say. I don't think either system has worked terribly well recently.
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