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Old 05-02-2012, 09:07 AM
 
Location: Home, Home on the Front Range
25,826 posts, read 20,692,117 times
Reputation: 14818

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Quote:
Originally Posted by shorebaby View Post
Yikes, read the thread. They will be decided between the Dems and Republicans.
If they haven't been decided yet, how can he put a number to them?
How does he know that it is even possible to get to that number?


And why that number? Why not $5.2 or $3.9?
What's so special about $4.3?
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Old 05-02-2012, 09:27 AM
 
Location: Long Island, NY
19,792 posts, read 13,941,962 times
Reputation: 5661
Quote:
Originally Posted by TigerLily24 View Post
If they haven't been decided yet, how can he put a number to them?
How does he know that it is even possible to get to that number?


And why that number? Why not $5.2 or $3.9?
What's so special about $4.3?
That's what I've been driving at for the last couple of pages. You nailed it.
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Old 05-02-2012, 09:34 AM
 
3,457 posts, read 3,621,688 times
Reputation: 1544
Thing is, he won't get elected as dogcatcher if he starts singling out tax expenditures to eliminate.

So you really can't expect him to single them out, it would cost him his job. You really just have to trust Congress, which... hah.. that just felt funny to type.
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Old 05-02-2012, 09:48 AM
 
Location: Hoboken
19,890 posts, read 18,745,357 times
Reputation: 3146
Quote:
Originally Posted by TigerLily24 View Post
If they haven't been decided yet, how can he put a number to them?
How does he know that it is even possible to get to that number?


And why that number? Why not $5.2 or $3.9?
What's so special about $4.3?

Because $4.3 trillion is required to offset lowering tax rates. A number can be put to them because loopholes are a number much larger than $4.3 trillion. So what he is saying is, we will trim loopholes by $4.3 trillion. That is hardly undoable. You are not in favor of loopholes, are you?

Last edited by shorebaby; 05-02-2012 at 10:01 AM..
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Old 05-02-2012, 10:32 AM
 
Location: Home, Home on the Front Range
25,826 posts, read 20,692,117 times
Reputation: 14818
Quote:
Originally Posted by shorebaby View Post
Because $4.3 trillion is required to offset lowering tax rates. A number can be put to them because loopholes are a number much larger than $4.3 trillion. So what he is saying is, we will trim loopholes by $4.3 trillion. That is hardly undoable. You are not in favor of loopholes, are you?
No.
Not in favor of voodoo economics either.

If loopholes are a number much larger than $4.3, why not go bigger?
Why not close all of them?
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Old 05-02-2012, 10:36 AM
 
Location: Dallas, TX
31,767 posts, read 28,806,382 times
Reputation: 12341
Quote:
Originally Posted by shorebaby View Post
Because $4.3 trillion is required to offset lowering tax rates. A number can be put to them because loopholes are a number much larger than $4.3 trillion. So what he is saying is, we will trim loopholes by $4.3 trillion. That is hardly undoable. You are not in favor of loopholes, are you?
As I recall, "conservatives" called addressing loop holes (when President Obama proposed it), an effective tax increase. That? You still haven't mentioned the loop holes and targeted audience, as proposed by Ryan. In other words, my previous post to you...

Quote:
Originally Posted by EinsteinsGhost View Post
Has he outlined which loop holes? Or, is he shifting the blame on "congress" to somehow come up with a great plan for HIS plan? In other words, show me the math.
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Old 05-02-2012, 10:38 AM
 
5,524 posts, read 9,935,880 times
Reputation: 1867
Quote:
Originally Posted by sanrene View Post
News Headlines (http://www.cnbc.com/id/47202822 - broken link)

US Economy Grows at Tepid 2.2% Pace; Misses Estimates



I thought things were getting better in the obama Wreckovery?

This is not good news either;

Durable goods orders drop 4.2% in March « Hot Air

The blog breaks it down for you but for the non believers

http://www.bea.gov/newsreleases/nati...dp1q12_adv.pdf



And of course, the housing market continues the drag on the economy.

Here's where the jobs are!

U.S. Multinationals Add Jobs, but Mostly Abroad - WSJ.com



How to get them back?

The obama way - punish, demagogue, threaten, increase taxes.
You do realize that the 1st quarter is almost always a "soft" quarter right?

The decrease was caused by a decrease in Government Spending and expenditures. Private GDP was at 3.4%.



CARPE DIEM: Private Real GDP Grew at 3.4% in First Quarter, Twice the 1.76% Average Growth Rate Since 2000

For those who would rather see what the blog broke down.

http://www.bea.gov/newsreleases/nati...dp1q12_adv.pdf
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Old 05-02-2012, 10:43 AM
 
Location: Dallas, TX
31,767 posts, read 28,806,382 times
Reputation: 12341
Quote:
Originally Posted by tluv00 View Post
The decrease was caused by a decrease in Government Spending and expenditures. Private GDP was at 3.4%.
Thank you! Something I always find amusing is that "conservatives" forget to differentiate between private versus public+private growth, when it comes to GDP or job growth. For example, if private sector payroll grew by 200K while government payroll shrunk by 20K, they will never use 200K for employment growth, but 180K. Details often don't help their cause.
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Old 05-02-2012, 10:44 AM
 
Location: Chicagoland
41,325 posts, read 44,929,215 times
Reputation: 7118
Quote:
Originally Posted by tluv00 View Post
You do realize that the 1st quarter is almost always a "soft" quarter right?

The decrease was caused by a decrease in Government Spending and expenditures. Private GDP was at 3.4%.



CARPE DIEM: Private Real GDP Grew at 3.4% in First Quarter, Twice the 1.76% Average Growth Rate Since 2000

For those who would rather see what the blog broke down.

http://www.bea.gov/newsreleases/nati...dp1q12_adv.pdf
That chart is from a blogger.....and since when did it ever matter to separate GDP.....nice try.

See the ADP numbers on UE out today?
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Old 05-02-2012, 10:47 AM
 
Location: Dallas, TX
31,767 posts, read 28,806,382 times
Reputation: 12341
Quote:
Originally Posted by sanrene View Post
That chart is from a blogger.....and since when did it ever matter to separate GDP.....nice try.
Thank you for proving my point made in post above yours, that y'all are sham when it comes to "shrink government". So, why exactly is it a bad idea to evaluate growth or decline in purely private enterprise for making a proper call on state of the economy and influence of government policies?
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