Rob's House Posted September 10, 2011 Share Posted September 10, 2011 http://hosted.ap.org/dynamic/stories/U/US_OBAMA_JOBS_FACT_CHECK?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-09-09-04-41-51 This "paid for" business reminds me of the health care bill that was going to cover everyone while reducing costs and saving the leprechauns. Link to comment Share on other sites More sharing options...
UConn James Posted September 10, 2011 Share Posted September 10, 2011 I heard that they want to reduce Social Security and Medicare garnishment by the tune of $1,000 a year for an average worker.... No words spoken on the borrowing we'll have to do to fund those programs. Or hell, maybe they'll just let them collapse in 2025 or 2030 and for all us younger folks who've paid in and will never see a dime of that back, they'll just laugh and yell out, "SNOOKERED!" Link to comment Share on other sites More sharing options...
TPS Posted September 10, 2011 Share Posted September 10, 2011 I heard that they want to reduce Social Security and Medicare garnishment by the tune of $1,000 a year for an average worker.... No words spoken on the borrowing we'll have to do to fund those programs. Or hell, maybe they'll just let them collapse in 2025 or 2030 and for all us younger folks who've paid in and will never see a dime of that back, they'll just laugh and yell out, "SNOOKERED!" Rates on 10-year T bonds are 2%, it's a good time to borrow to do some more things to stimulate the economy. Work on the long term deficit issue when unemployment gets below 6%. The federal government issues its own currency, it doesn't have to balance its budget like a household, and shoudn't. The real deficit problem is long term, not short. Link to comment Share on other sites More sharing options...
Nanker Posted September 11, 2011 Share Posted September 11, 2011 Rates on 10-year T bonds are 2%, it's a good time to borrow to do some more things to stimulate the economy. Work on the long term deficit issue when unemployment gets below 6%. The federal government issues its own currency, it doesn't have to balance its budget like a household, and shoudn't. The real deficit problem is long term, not short. Sure. Then there really isn't a deficit at all. The government doesn't need to raise taxes at all. In fact - they can stop collecting taxes altogether. They just have to print trillions of dollars in new money and use that to fund everything. BernYankMe's doing that with the debt. Should work just swell to help BO balance his checkbook. Link to comment Share on other sites More sharing options...
TPS Posted September 12, 2011 Share Posted September 12, 2011 Sure. Then there really isn't a deficit at all. The government doesn't need to raise taxes at all. In fact - they can stop collecting taxes altogether. They just have to print trillions of dollars in new money and use that to fund everything. BernYankMe's doing that with the debt. Should work just swell to help BO balance his checkbook. The point is that you don't pursue "austerity" measures when the economy is bordering on a double-dip recession. You worry about "fixing" the deficit after you've helped push the economy toward recovery. There are a lot of good ideas mentioned in BO's speech that will hopefully be passed. Once the economy gains serious momentum, and unemployment gets closer to 6%, a majority of the deficit gap will be "closed." That's when you start working on the long term issues and fixes. No one advocates the caricature that you paint. Link to comment Share on other sites More sharing options...
Magox Posted September 12, 2011 Share Posted September 12, 2011 The point is that you don't pursue "austerity" measures when the economy is bordering on a double-dip recession. You worry about "fixing" the deficit after you've helped push the economy toward recovery. There are a lot of good ideas mentioned in BO's speech that will hopefully be passed. Once the economy gains serious momentum, and unemployment gets closer to 6%, a majority of the deficit gap will be "closed." That's when you start working on the long term issues and fixes. No one advocates the caricature that you paint. So you also support not raising taxes on anyone at this point? Link to comment Share on other sites More sharing options...
TPS Posted September 12, 2011 Share Posted September 12, 2011 So you also support not raising taxes on anyone at this point? No. You can put me in the Buffett camp on this one... Link to comment Share on other sites More sharing options...
pBills Posted September 12, 2011 Share Posted September 12, 2011 http://hosted.ap.org/dynamic/stories/U/US_OBAMA_JOBS_FACT_CHECK?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-09-09-04-41-51 This "paid for" business reminds me of the health care bill that was going to cover everyone while reducing costs and saving the leprechauns. So when the President says he will cut an equal amount to get a program it still isn't enough? Typical. This guy could walk on water someone on the right would complain that he wasn't running. Link to comment Share on other sites More sharing options...
Magox Posted September 12, 2011 Share Posted September 12, 2011 No. You can put me in the Buffett camp on this one... haha I knew it!! Link to comment Share on other sites More sharing options...
TPS Posted September 12, 2011 Share Posted September 12, 2011 haha I knew it!! I think I've said on more than one occasion that we should restore the top rate from the Bush cuts. Also, I think we should stop pretending to have different taxes that support different programs, especially on business side of taxation--lump the business income and payroll taxes into a VAT. Link to comment Share on other sites More sharing options...
/dev/null Posted September 12, 2011 Share Posted September 12, 2011 lump the business income and payroll taxes into a VAT. No way the income tax is replaced with a VAT. Much more likely to add a VAT on top of the income tax Link to comment Share on other sites More sharing options...
Magox Posted September 12, 2011 Share Posted September 12, 2011 A vat tax and either a seriously reduced or elimination of income taxes would make a lot of sense...but i dont believe progressives would be for this sort of plan. Link to comment Share on other sites More sharing options...
TPS Posted September 12, 2011 Share Posted September 12, 2011 No way the income tax is replaced with a VAT. Much more likely to add a VAT on top of the income tax In case I wasn't clear, not for individuals, but businesses. Link to comment Share on other sites More sharing options...
Rob's House Posted September 13, 2011 Author Share Posted September 13, 2011 So when the President says he will cut an equal amount to get a program it still isn't enough? Typical. This guy could walk on water someone on the right would complain that he wasn't running. Did you read the article that was linked? He could say we're going to sell salt to the Martians to balance the budget and you would erupt in masturbatory joy. At least all but the biggest fanboys bailed on Bush, but no matter how much **** Obama steps in you still kiss his feet. Typical. Link to comment Share on other sites More sharing options...
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