I'm no longer an American ...

[maxpi]

All these unfunded entitlements are designed to destroy the US so Socialists can take over... I wonder if there is anything that can be done about that?

 

[T_Geithner]

Quote from maxpi:

I wonder if there is anything that can be done about that?

no there is nothing

 

[Mercor]

Quote from ..........:

Tax cuts,especially to the richest Americans,means less revenue.It shouldn't take a genius to figure out the rest

Rich people move money away from taxable vehicles.

If you cut taxes, rich people will make money more fluid.
Rich have 3 choices to put there money for example
1) Muni bonds(tax free)Municipality creates project, revenue neutral
2)pay taxes(give to government, government give to China or seniors, or welfare.
3) Invest in business.( produce or sell product..ie create taxable goods) hire employees( each worker pays taxes) Park cash flow in local bank(bank lends out at 10 to 1 ratio)

Seems like number 2 has least impact

 

[rubibond007]

Quote from ..........:

Quote from wjk:

I'm not a republican, but I'll take them over the power mad control freaks of the left any day. What's in it for me? The freedom to do for myself and keep more of what I earn for starters.

. [/QUOTE

Thats not true.You pay for Republican wars,bailouts,tax cuts for the rich etc one way or the other

Reagan and Bush 1 tripled the national debt and Bush 2 doubled it,every American pays for that

Reagan and Bush are boy scout compared to roosevelt, Johnson or Obama.

 

[rubibond007]

Quote from ..........:

Tax cuts,especially to the richest Americans,means less revenue.It shouldn't take a genius to figure out the rest

You are wrong.. Bush tax cuts increase the revenue, his problem was his spending mania. When Gingrich balance the budget in the late 90's, was due he cut spending on Defense (by 250 billions)

Tax revenues in 2006 were 18.4 percent of gross domestic product (GDP), which was actually above the 20-year, 40-year, and 60-year historical aver_ages. The inflation-adjusted 20 percent tax revenue increase between 2004 and 2006 represents the largest two-year revenue surge since 1965-1967.

In 2003, capital gains tax rates were reduced from 20 percent and 10 percent (depending on income) to 15 percent and 5 percent. Rather than expand by 36 percent from the current $50 billion level to $68 billion in 2006 as the CBO projected before the tax cut, capital gains revenues more than doubled to $103 billion.

 

[rubibond007]

Quote from ..........:

The ultimate poll is the polls Americans vote at imo.


The beauty of our system is that we can make changes without blood shed.If the American people truly changed their minds they'll put Republicans in The White house and both houses by 2012 so that they can repel it .

You are 100% right on this! Most people here on ET dont even know what socialism is.. The new Health Bill is not socialist compared to what the rest of the world have.. We will have a Health Exchange, also there is no "public option" in the bill.. But It's unconstitutional to force people to buy insurance and that will be a problem in the future, also the spending and taxes will increase. But it's also unconstitutional to invade other countries for nothing or pay taxes and we do that every year.

 

[Mav88]

You have an economics degree, right?

You do understand then when the people declare BK on their medical bills, that doctors and hospitals, other health care providers raise their rates to compensate for the loss, and then the health insurance companies raise their rates, etc. creating a death debt spiral?

You do understand that, don't you?

Hey tools on the left, you do realize you have optional on your side of the argument? There is something to be said about the quality of people you associate with.

The singularly contemptable loser, who thinks he knows something, didn't even understand the basics of the bill before spouting off his usual tripe, all our personal costs are about to go up to pay for this POS bill. To make an argument about passed-on cost is plainly stupid.

Personal bankruptcy in such a sob story... well I guess failed traders should start to cry in front of congress about their personal tribulations. I'm sure Obama would cut them a back room deal for their vote.

can you believe some fucktards use misspelling as an attack? Let me guess, these same empty minds support the reform bill...

 

[Ivanovich]

Quote from ..........:

Bye


Obama 2012 !!!!!!!!!!!

Pelosi 2016 !!!!!!!!!!!!!

Yes, and when all those with money leave (and I certainly don't mean those in this thread who threatened it!), who will fund your programs? Oh wait, you don't care about that, right? California here we come!

 

[hermit]

Quote from Ivanovich:

Yes, and when all those with money leave (and I certainly don't mean those in this thread who threatened it!), who will fund your programs? Oh wait, you don't care about that, right? California here we come!

That's easy, let the tax cuts expire, cut wasteful millitary spending and rest will take care of itself. All these 'social' programs contribute far less to the deficit than all the 100million a year radio hosts want you to believe.

 

[Haroki]

Quote from Mav88:

Hey tools on the left, you do realize you have optional on your side of the argument? There is something to be said about the quality of people you associate with.

The singularly contemptable loser, who thinks he knows something, didn't even understand the basics of the bill before spouting off his usual tripe, all our personal costs are about to go up to pay for this POS bill. To make an argument about passed-on cost is plainly stupid.

This post wins the argument.

Close thread now, it's over.