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Where do you think they get the bombs and weapons from? How do they get there? Who goes there to fight and do they do it for free? You need to do some research obviously of the economic effects of wars..
Huh? I don't know what you're talking about because all of those things wouldn't stimulate the economy, they make it worse. I like this website: COSTOFWAR.COM - The Cost of War
Yes, but you indeed questioned if 1/2 of americans didnt pay taxes.. Are you now admitting this fact is true?
I have no hidden agenda here... I asked a question and you answered it. No need to be suspicious of my inquiry.
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Those credits, are enjoyed by individuals regardless of their economic wealth..
Fair enough. But I am hung up on three words from the link you provided
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eliminate their liability
I am confused with this. These poor or individuals that qualified for legal credits, deductions and exemptions did have a liability... but just did not meet it with the taxes they paid (they did pay, by the way... just not enough to meet their liability). Is that a correct statement?
I totally agree that spending is half of the equation, by the way. But, in lieu of an instant reduction in spending (our government never seems to act quickly, besides that whole Patriot Act thingy) what is the best course of action?
Three words: Gramm-Leach Bliley. 3 (r)s wrote it, House and Senate passed it, Clinton signed it. It allowed banks to also go into the investment bidness.
The banks sold bad mortgages as securities and rated them AAA. They kept doing it even while the housing bubble burst. And, reports are, they're still doing it.
GWB cut taxes (yay)
GWB did not cut spending (boo)
GWB ran us into Iraq (big costly mistake in human life and $$$$)
To blame only GWB is nonsense, to blame only Obama is nonsense.
This hill of crap has been building for a long long time, and it took more than one President and Congress to do it.
Huh? I don't know what you're talking about because all of those things wouldn't stimulate the economy, they make it worse. I like this website: COSTOFWAR.COM - The Cost of War
Your website documents the stimulation of the economy from the war spending.. You are proving my point for me.
Where do you think the $1,004,160,300,615 went (figure from the website at current viewing)? Seriously, research the reason for the end of the great depression if you dont know what Im talking about because thats your problem, not mine..
I am confused with this. These poor or individuals that qualified for legal credits, deductions and exemptions did have a liability... but just did not meet it with the taxes they paid (they did pay, by the way... just not enough to meet their liability). Is that a correct statement?
Since the topic which brought all of this up was the statement about 1/2 of all americans not paying taxes, then the correct statement would be, that they did not pay. They dont pay for their liabilities, hence the national debt.. They simply moved their liability onto those that did pay.
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Originally Posted by Bulldawgfan
I totally agree that spending is half of the equation, by the way. But, in lieu of an instant reduction in spending (our government never seems to act quickly, besides that whole Patriot Act thingy) what is the best course of action?
Cutting of spending long term is the only course of action. You cant keep increasing taxes because doing so, reduces the economy and you end up with a spiral effect of, reducing the economy = less tax revenue = more debt.
Since the topic which brought all of this up was the statement about 1/2 of all americans not paying taxes, then the correct statement would be, that they did not pay. They dont pay for their liabilities, hence the national debt.. They simply moved their liability onto those that did pay.
Hmm, I thought we all had the ability to whack a bit right off the top, so to speak. That standard deduction thing. I do not do my own taxes, but I think it is somewhere around three grand, correct?
I apologize for getting off topic here. A civil discussion on here is rare.
Hmm, I thought we all had the ability to whack a bit right off the top, so to speak. That standard deduction thing. I do not do my own taxes, but I think it is somewhere around three grand, correct?
I apologize for getting off topic here. A civil discussion on here is rare.
Many of us whack sums off the top, but that doesnt change the fact that indeed 1/2 of all americans dont pay federal taxes. I for one whacked about $400K off the top of my 2008 taxes, dont know what 2009 will come out yet as they arent back from the accountants..
Do you think somewhere along the line that maybe the whacking off the top should be done away with and EVERYONE should pay taxes? I dont pay a dime, but I surely can afford to.. I go through great lengths to avoid taxes.. I'll have to find my posting here where I explained some of the steps I go through legally to do so..
so bush had nothing to do with the iraq war? nor anything to do with the money it cost to wage it? that not only took a 200 plus surplus budget and turn it into a 1.2 TRILLION dollar deficit? you can't rewrite history in your thread either
Ok...everyone brings up the war. How did that ruin the economy?
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How Did GW Bush Cause Our Current Economic Problems?
