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Old 06-30-2011, 12:11 PM
 
2,965 posts, read 5,768,736 times
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Republicans say revenues are off the table and will never vote for anything that includes revenues.

At this point, what is there even to discuss in congress? If there is no compromise, there is no discussion, and everybody might as well take a long vacation and let the US default.
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Old 06-30-2011, 12:12 PM
 
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There's never been a case of a tax increase that was used to pay down the debt or increase revenue. A tax increase always results in the extra money being spent, 100% of the time
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Old 06-30-2011, 12:14 PM
 
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Originally Posted by theunbrainwashed View Post
There's never been a case of a tax increase that was used to pay down the debt or increase revenue. A tax increase always results in the extra money being spent, 100% of the time
If there are tax revenue incrrases, why not ask the 45% of folks who pay no income taxes to pay a little for the services they recieve. Surely that would help a little, assuming we decreased spending and 100% of the incremental revenu to pay on the debt....
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Old 06-30-2011, 12:15 PM
 
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Originally Posted by theunbrainwashed View Post
There's never been a case of a tax increase that was used to pay down the debt or increase revenue. A tax increase always results in the extra money being spent, 100% of the time
1. Clinton tax hikes

2. You're not addressing the OP. If one party refuses to compromise, there is nothing to discuss and there is no choice but to default.
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Old 06-30-2011, 12:15 PM
 
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Actually, a default cold be iteresting..I guess it would mean the Govt would have to prioritize what htye wanted to pay on...and ulitmately cut some of the services....
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Old 06-30-2011, 12:17 PM
 
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Originally Posted by Secchamps98 View Post
Actually, a default cold be iteresting..I guess it would mean the Govt would have to prioritize what htye wanted to pay on...and ulitmately cut some of the services....
A default would not be beneficial to the deficit and debt because our interest payments would double at minimum.
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Old 06-30-2011, 12:34 PM
 
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Originally Posted by Secchamps98 View Post
Actually, a default cold be iteresting..I guess it would mean the Govt would have to prioritize what htye wanted to pay on...and ulitmately cut some of the services....
Iceland defaulted on its debt and so far, the bankers haven't come in and done anything.

Quote:
Originally Posted by Majin View Post
A default would not be beneficial to the deficit and debt because our interest payments would double at minimum.
Iceland defaulted and flipped the finger at the bankers.

And by the way, I've addressed the OP before. Democrats need to lose their precious domestic spending, and Republicans need to lose their precious military spending, and both parties need to stop funding the UN
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Old 06-30-2011, 12:35 PM
 
Location: Londonderry, NH
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We need to do both. We need to cut military spending and collect more taxes from the corporations and their rich owners.
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Old 06-30-2011, 12:37 PM
 
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Originally Posted by GregW View Post
We need to do both. We need to cut military spending and collect more taxes from the corporations and their rich owners.
I think we need to raise taxes on the billionaire bankers that don't do anything except suck the life out of the U.S. and Latin America. And raise taxes that hurt sponsors of terrorism like Bank of America, Goldman Sachs, and GE
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Old 06-30-2011, 12:37 PM
 
Location: Chicagoland
41,313 posts, read 42,217,696 times
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Revenue?

You mean tax hikes.

In case you haven't heard op, we don't have a revenue problem, we have a spending problem.

You see, unless we drastically cut spending, the fed will continue to grow, will continue to want new taxes to pay for all that new growth. The fed is unsustainable NOW, what will it be with a trillion or two more in liabilities?
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