Mitt Romney Tax Plan: Study Shows Deduction Caps Don't Pay For Tax Cuts

Quote from L-Kabong:

The rise in revenue under Bush was principally in the years of 2005-2008 which was the height of the bubble economy attended by ridiculous money velocities that yielded easy revenue for government at all levels.

Now we are still in a delevering economy with low money velocity.
Low revenue with outsized obligations. Only a robust fuller employment economy accompanied by spending cuts is going to begin to line up the balance sheet.

Throw the bums out of office. Come Election Day, vote for neither Romney nor Obama. Write in the name of the man who can change everything: L-Kabong.


your analysis is strong. The fed has been screwing around with asset bubbles to make up for crazy govt spending for cycles.
 
Quote from jem:

your analysis is strong. The fed has been screwing around with asset bubbles to make up for crazy govt spending for cycles.
"Crazy govt spending", as in big government spending? How do you measure big? If I say some guy just spent $10k, do you think the guy spent a lot of money, or not? Why?
 
Quote from Ricter:

"Crazy govt spending", as in big government spending? How do you measure big? If I say some guy just spent $10k, do you think the guy spent a lot of money, or not? Why?

The dollar amount doesnt matter, If the guy is spending twice what he takes in, it is "crazy spending" There is no logical person on planet earth who would respect someone that lives a wannabe highroller lifestyle on credit cards and debt.
 
Quote from Max E. Pad:

The dollar amount doesnt matter, If the guy is spending twice what he takes in, it is "crazy spending" There is no logical person on planet earth who would respect someone that lives a wannabe highroller lifestyle on credit cards and debt.
Ahh, but you are now taking his income into account to make your judgement on "crazy". Thus, context DOES matter.
 
Quote from Ricter:

Ahh, but you are now taking his income into account to make your judgement on "crazy". Thus, context DOES matter.

I am taking his income into account, only insofar as to prove the point that no one can possibly survive spending 2 dollars for every dollar they take in. No one can survive on debt alone.

Why is it that Keynesians cant point out a single example of keynesian success?
 
Quote from Max E. Pad:

I am taking his income into account,
Of course you have to. But jem said the context (we were discussing taxation per income) doesn't matter. You have helped me, thank you.
 
that is crazy leftist talk.
put it in context where I said context does not matter.

you have been playing games and frequently responding to points or arguments with nothing more than vague statements and riddles. Now you say I say context does not matter.

you need to go into hiding until the election ends... you make no sense.
The whole point of my argument was that tax revenues went up after tax cuts and I put it in context by providing the numbers... I even said compare 2003 to 2007. That is context...your tax revenue as a percent of gdp argument is out of context.

We are speding 2.43 dollars of debt for one dollar gdp.



Quote from Ricter:

Of course you have to. But jem said the context (we were discussing taxation per income) doesn't matter. You have helped me, thank you.
 
Quote from Max E. Pad:

I am taking his income into account, only insofar as to prove the point that no one can possibly survive spending 2 dollars for every dollar they take in. No one can survive on debt alone.

Why is it that Keynesians cant point out a single example of keynesian success?
I'm not a Keynesian but keynes was a good trader.
 
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