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Let's say this scheme could work, it just won't work with the current crop of politicians running Washington. 0bama and the democrats keep jamming a stick in the eye of the private economy, by signing destructive legislation into law. It will not matter how much money the government spends trying to stimulate the economy, if they are busy countering their own efforts by making the future more an more uncertain, and causing more and more people to withdrawn for participating in the economy.
We don't know the full impact of 0bamaCare, the Dodd-Frank financial bill - hence the private sector refuses to risk capital, refuses to hire new employees, and cannot plan for their future.
Congress adjourned without voting on the Bush Tax plan - and we do not know what our taxes will be in January, so we cannot plan for the future.
The house passed the Waxman-Markey cap & trade bill, and the senate left without voting it down. The president has promised to sign that cap & trade bill, which will cause all energy costs to soar -hence the private sector refuses to risk capital, refuses to hire new employees, and cannot plan for their future.
We don't know the full impact of the Dodd-Frank financial reform bill - hence the private sector refuses to risk capital, refuses to hire new employees, and cannot plan for their future.
Alan Greenspan: "It is going to take years to address the unprecedented complexity of final rulemaking required in the massive Dodd-Frank bill. The inevitable uncertainty engendered will inhibit financial innovation and intermediation, and render the rules that will govern a future financial marketplace disturbingly conjectural. This is bound to have a significant impact on economic growth"
We have spent around $3.5 trillion in deficit spending, do you realize how much money that is? That is $250,000 for each and everyone of the approximate 14 million unemployed. That $3.5 trillion does not even take into account the unknown amount of money the federal reserve has spent.
Considering the U.S government is receiving about $2 trillion in tax receipts a year in a RECESSION I'm not sweating the deficit at this point in time. The time to deal with the deficit is when the economy recovers NOT NOW. The same complaints you are making were made during the Reagan Administration in 1982 when he ran up what were then record setting deficits. I understand your concerns and they are legitimate but the worse thing we can do right now with consumer spending in a ditch is to cut government spending.
Yeah. let's cut all those corporate entitlements then MORE companies will fire more people. Yeah, that's the way to do it. Then all those on here that keep complainning about those evil corporations can complain even more because more americans are out of work. Be careful for what you ask for.
Please make me understand what you are advocating here.
Do you think we should continue tax breaks for the wealthy & corporations? Or do you think we should give tax breaks to everyone or do away with taxes altogether & go with a flat tax?
I think when some corporations are making record profits we should Not continue giving them breaks & they should pay their fair share.
Small businesses & middle & lower class Americans need a break now.
They have been & are the backbone of this country.
Considering the U.S government is receiving about $2 trillion in tax receipts a year in a RECESSION I'm not sweating the deficit at this point in time. The time to deal with the deficit is when the economy recovers NOT NOW. The same complaints you are making were made during the Reagan Administration in 1982 when he ran up what were then record setting deficits. I understand your concerns and they are legitimate but the worse thing we can do right now with consumer spending in a ditch is to cut government spending.
You completely missed the point I was making. read my post again, and try to figure out where I coming from, and take off your partisan hat.
They NEVER cut entitlements to corporations or wealthy donors. It's always the middle/working class they give the shaft to.
Kinda amazing that they can still generate so much public support.
That IS kinda amazing - that many underclass and middle class folks would vote Repub. Many seem to flock to populist causes with racial undertones, like Brewer enjoys with SB1070. Others are simply brainwashed by the likes of Rush, Hannity, Beck, O'Really and Fox.
"We need to pinch pennies these days. Don’t you know we have a budget deficit? For months that has been the word from Republicans and conservative Democrats, who have rejected every suggestion that we do more to avoid deep cuts in public services and help the ailing economy. But these same politicians are eager to cut checks averaging $3 million each to the richest 120,000 people in the country. What — you haven’t heard about this proposal? Actually, you have: I’m talking about demands that we make all of the Bush tax cuts, not just those for the middle class, permanent...."
"We need to pinch pennies these days. Don’t you know we have a budget deficit? For months that has been the word from Republicans and conservative Democrats, who have rejected every suggestion that we do more to avoid deep cuts in public services and help the ailing economy. But these same politicians are eager to cut checks averaging $3 million each to the richest 120,000 people in the country. What — you haven’t heard about this proposal? Actually, you have: I’m talking about demands that we make all of the Bush tax cuts, not just those for the middle class, permanent...."
They want Lamborghini and have to settle for Mercedes. Boo hoo.
Please make me understand what you are advocating here.
Do you think we should continue tax breaks for the wealthy & corporations? Or do you think we should give tax breaks to everyone or do away with taxes altogether & go with a flat tax?
I think when some corporations are making record profits we should Not continue giving them breaks & they should pay their fair share.
Small businesses & middle & lower class Americans need a break now.
They have been & are the backbone of this country.
I was lampooning those on here who have nothing good to say about corporations. I'm sure you have read the posts about how evil ALL CEO's and corporations are.
Then in the next post they cry about a lack of jobs. Where in the hell do they think jobs come from.
In the current world I am not against tax incentives to help a business locate into a new area or to expand etc. I believe those incentives should expire at some time.
You will have to define for me what you think a "wealthy" corporation is.
You will also have to define "record" profits.
And define tax breaks for the wealthy.
Define "fair share".
I am in favor of a flat tax with everyone paying into it with one caveat. Whatever % is decided upon, it takes a 60% vote in both houses to increase it.
"Small businesses & middle & lower class Americans need a break now". define what breaks you want.
It is easy to throw out simple catch phrases. The devil is in the details.
Do you now or have ever owned a small business?
PS, I will be glad to engage in civil conversation but will NOT engage with rude or name calling behavior.
If anything I have said makes you feel I I have engaged in that type of behavior, I apologize and had no intentions of doing so.
That IS kinda amazing - that many underclass and middle class folks would vote Repub. Many seem to flock to populist causes with racial undertones, like Brewer enjoys with SB1070. Others are simply brainwashed by the likes of Rush, Hannity, Beck, O'Really and Fox.
If someone really wants to know what drives Beck, just study the John Birch Society. Beck is following that plan that failed in the 50s', however, Beck has a much bigger megaphone to reach a larger number of "gullibles".
Bob Dylan describes it well. See any Beck similarities?
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