Quote:
Originally Posted by Mr.XXX
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This.....
Quote:
Originally Posted by desertdetroiter
*SIGH*
I can't believe that people are whining about the loss of a TEMPORARY tax cut that they never should've received in the first place!
You folks aren't interested in properly funding YOUR OWN insurance system?
Unreal.
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...pretty much sums it up.
Seriously, you're pretty much a blight on C-D.
As so many have pointed out so many freaking times, it was a temporary tax cut designed to stimulate the economy.
We're way beyond "
What part of 'temporary' do you not understand?"
At this point, people who think it is an issue have demonstrated that they are totally worthless as human beings and should be taken out and garotted (no point in wasting a perfectly good bullet).
If you want to be considered at least partially human, then levy a valid criticism on The Boy King™.
Obama has repeatedly demonstrated that he does not understand the economy. Because Obama does not understand the economy, he has failed and worse than that, caused more harm than good.
The
temporary FICA payroll tax cut in conjunction with the Stimulus™ was misguidedly intended to stimulate the economy. As you can see from the graph, the
temporary FICA payroll tax cut an the Stimulus™ did stimulate the economy, but not enough to overcome the inertia. We can also see that the Bush Tax Cuts™ and the Unfunded Wars™ (snicker) also stimulated the economy, but again, it was not enough to overcome the inertia.
If Obama had asked me, I would have told Obama that there is nothing he can do; that his
temporary FICA payroll tax cut would cause more harm than good; and that his Stimulus™ would fail.
I would have also educated Obama in the reasons why the US economy was
always destined to fail. I would have told Obama that instead of trying to put out a fire in a house that has already burnt to the ground and fallen over, that he needs to step up to the plate, be the Leader™ that he pretends to be, and starting preparing Americans for when their house -- which has already burnt down and fallen over -- starts sinking into the swamp.
Look at the goddam graph.
There it is in Black & White, plain as freaking day.
The minute the Moscow Exchange opens, BAM!
That's it....game over. Sucks to be American. Like I been saying since 2007 -- you have to learn how to do less, with less. My advice, and that's all it is, get one of them plastic overlay sheets and some grease pencils to set a schedule for using the bathroom, because it can get quite hectic with two and three families having to share an apartment or house since they won't be able to afford their own private apartment or home. Or, designate a BTC -- Bathroom Traffic Controller.
Sure, the reduction in the Capital Gains Tax rates gives you a boost, but there is no way to overcome 9 Million barrels of Russian oil sold on the Global Market in Rubles, nor the millions of cubic meters in natural gas. And then Southeast Asia ramps up production. The Euro hits the Global Market. BRIC starts developing States.
Again, the Bush Tax Cuts™ and the Unfunded Wars™ (snicker) are not enough to overcome the inertia. Obama's FICA Holiday™ and Stimulus™ weren't enough either.
Look at all the money you spent, it didn't do jack squat, and now you're in the hole over your head and sinking deeper into the swamp by the minute. Go head, spend even more money -- you'll sink even faster.
The FICA Holiday™ was a very bad idea, and if your economy is using it as a crutch in any way, shape or form, well, it will end up being a very, very bad idea, because you just yanked one of the crutches out from under you ---- and you still can't even pay for Social Security through 2023-2024.
You're going to have to increase the FICA payroll tax to at least 9% (18% total for both employer and employee) if you have any hopes of not slashing Social Security benefits in about 11 years. That will cost you jobs.
Anyway, enough on the stupid
temporary FICA payroll tax cut already.
And for all of you Fiscal Cliff™ whiners......I've told you repeatedly you
already went over the cliff. Again, look at the graph. Now you know why.
Temporarily...
Mircea
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