Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,455,696 times
Reputation: 6670
Advertisements
You can always tell the 'wingers in any discussion by their arrogant, dismissive tone (aka, ''you're just stoopid if you don't know the 'truth' and you disagree with me!'').
In a November 2012 report, the non-partisan Congressional Budget Office (CBO) said that President Obama's proposal to allow the expiration of the Bush tax rates for higher wage earners while maintaining lower rates for those making $200,000 per year and less would increase GDP by 1.3 percent.
Tax increases on high-income people of the magnitude under consideration would not change their behavior in ways that would hurt economic growth. Moreover, the revenues from tax increases can reduce the deficit or fund investments that support growth.
Obama and the Democrats had been calling for the "millionairs" to pay their fair share. Boehner said okay, let's have "millionairs" pay more but Obama rejected it so he can increase taxes on everyone, a broader tax increase, everyone pays higher taxes.
Obama ran and won on having those who make 250K pay a little more on income over 250K (not the first 249K). No need to take Boners weak deal. Obama holds all the cards, the people will blame the republicans and Obama will get everything he wants if we go over cliff and Boner will be left to explain why he never passed the middle class tax cuts that could've been handle weeks ago. Republicans are playing with the future viablility of their entire party.
Obama ran and won on having those who make 250K pay a little more on income over 250K (not the first 249K). No need to take Boners weak deal. Obama holds all the cards, the people will blame the republicans and Obama will get everything he wants if we go over cliff and Boner will be left to explain why he never passed the middle class tax cuts that could've been handle weeks ago. Republicans are playing with the future viablility of their entire party.
For some reason die hard haters of common sense refuse to accept this fact, this is one of the reasons that I asked the question in the first place.
Obama has a pair of Kings, the chip lead, and a stone-cold face.
Boehner has a 7/deuce off-suite, he's all in with the ante, and talkin' trash while sweating bullets.
You can always tell the 'wingers in any discussion by their arrogant, dismissive tone (aka, ''you're just stoopid if you don't know the 'truth' and you disagree with me!'').
And you use an article from Media Matters? A progressive research news outlet. LOL, nooooo that article is not biased.
I am a small business owner so I would know what is going to stop me from growing my business better than some news outlet trying to feed a bunch of crap to people who never owned a business. Their article is a bunch of propaganda.
Obama has a pair of Kings, the chip lead, and a stone-cold face.
Boehner has a 7/deuce off-suite, he's all in with the ante, and talkin' trash while sweating bullets.
I think I know how this will end.
Obama wants the debt ceiling raised reeeeaaally bad so he can spend more money and put this country in more debt. Of course many of you just hanging on by a hair wouldn't understand the concept.
Lenin said: The way to crush the bourgeoisie is to grind them between the millstone of taxation and inflation.
In theory, Bernanke's Fed exists to monitor inflation and adjust the money supply and interest rates accordingly. But the endless quantitative easing and near 0% rates suggests the Fed has lost control. Hyperinflation occurs when this type of mismanagement runs amok.
Lenin said: The way to crush the bourgeoisie is to grind them between the millstone of taxation and inflation.
In theory, Bernanke's Fed exists to monitor inflation and adjust the money supply and interest rates accordingly. But the endless quantitative easing and near 0% rates suggests the Fed has lost control. Hyperinflation occurs when this type of mismanagement runs amok.
Actually, the Fed has a dual mission -- to control inflation and unemployment.
I don't know what you mean by "the Fed has lost control," bringing interest rates low, to encourage borrowing, to help lift the economy, is EXACTLY the intention of quantitative easing.
Can anyone explain to me what is the probelm of letting the tax rates for the wealthy go back to the Clinton era?
I don't have a problem with it, but ALL tax rates should go back to the Clinton era rates. And, while we're at it, reduce government spending to 1990s levels.
The fallacy of the 'the 1990s had higher taxes and the economy was roaring' argument is that the economy depends on ALL revenue and ALL spending, not just select tax rates.
Personally, I think all Bush tax cuts should be eliminated. But since people are too scared to go back to the 1990s rates, then tax hikes on $1M+ is the much better level with minimal economic impact.
Obama wants the debt ceiling raised reeeeaaally bad so he can spend more money and put this country in more debt. Of course many of you just hanging on by a hair wouldn't understand the concept.
I guess the concept of funding a war on borrowed money escapes you as well since it did not affect you directly at the time.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
