Oops! Sorry little guy, Obama screws you again.

[Trader666]

I didn't think you would understand right away littledaviedumbass.

When the president accepts input and acts on it (by producing a budget for example), he owns it. Perhaps you've been confused by Obama incessantly blaming everyone else for his failures.

On the projection out to 2020... again, Obama owns it because it's in his budget. Why don't you contact him and voice your concern?
http://www.whitehouse.gov/contact

Quote from bigdavediode:

LOL. So if I quote Lincoln then the words are mine. Love it!

And if you believe that anyone can predict anything into 2020, I'd like to sell you a bridge that will be worth a trillion dollars in 2020.

 

[bigdavediode]

Quote from Trader666:

I didn't think you would understand right away littledaviedumbass.

When the president accepts input and acts on it (by producing a budget for example), he owns it. Perhaps you've been confused by Obama incessantly blaming everyone else for his failures.

On the projection out to 2020... again, Obama owns it because it's in his budget. Why don't you contact him and voice your concern?
http://www.whitehouse.gov/contact

So that I can reference it, on which page of the budget is this graph?

 

[phenomena]

The closest thing to what I suggested which has been done in recent history was done by regan in the 80s. Bush tax cuts were too small and meaningless to have much impact. And besides, that's just income tax. We also need to cut corporate tax (ours is by far the highest in the developed world), and cap gains tax(which most developed nations don't even have). So no, what I said hasn't been done.

Well, that isn't entirely true. It has been, and is being done, by switzerland and hong kong, and it's working well for them. We should try it too. America doesn't have a revenue problem, it has a spending problem.

Quote from bigdavediode:

Why did I bring up Republicans? Because your "tax cut" model was tried, and it failed. Badly. In fact, it failed so badly that the economy teetered on a new great depression and banks are STILL being shut down, by the hundreds.

And yet, there's always a person who writes something like "Hey everybody, let's try what we just tried!"

 

[Trader666]

I'm concerned about your ignorance and would like to help you improve your ability to research. Along those lines, it would be best for you to first try on your own to find it. If/when you fail, I'll be happy to be more specific but at least make an effort. Hint: go here to find the budget http://www.google.com/ then search for "debt."

P.S. I didn't say the graph was in the budget, I said the numbers in the graph were taken from it.

Quote from bigdavediode:

So that I can reference it, on which page of the budget is this graph?

 

[bigdavediode]

Quote from phenomena:

The closest thing to what I suggested which has been done in recent history was done by regan in the 80s. Bush tax cuts were too small and meaningless to have much impact. And besides, that's just income tax. We also need to cut corporate tax (ours is by far the highest in the developed world), and cap gains tax. So no, what I said hasn't been done.

No, the US does not have the highest actual tax rates in the developed world. That's the kind of boogeyman that Republicans use to scare their children before they go to bed.

And if it WAS true (which it isn't) then it would give a lie to the "Socialist countries have high taxes" mantra, so it's not even internally consistent to the philosophy.

Here's an article about it:

http://www.smartmoney.com/investing/economy/high-corporate-tax-rate-is-misleading-22463/

Well, that isn't entirely true. It has been, and is being done, by switzerland and hong kong, and it's working well for them. We should try it too. America doesn't have a revenue problem, it has a spending problem.

How about Swaziland or Lichtenstein? In both cases they are tax havens and unless you can induce Canadians and Mexicans to dump money into the new US tax haven you simply will have massively inflated deficits and massively inflated debt (see 2000-2006).

 

[bigdavediode]

Quote from Trader666:

I'm concerned about your ignorance and would like to help you improve your ability to research. Along those lines, it would be best for you to first try on your own to find it. If/when you fail, I'll be happy to be more specific but at least make an effort. Hint: go here to find the budget http://www.google.com/ then search for "debt."

Yeah, I didn't think you could find it because it's not there.

I downloaded the entire budget as a pdf and did a search for "projections" and the White House budget projection is significantly better (unsurprisingly) than the out-of-date and incorrect CBO projection that you posted.

Having said that, I don't put any stock in the White House's projection, either. But I know that you blasting away as part of a noise machine isn't helping.

 

[Trader666]

Bullshit. It's there. You're just too stupid to find it.

I told you to search for "debt" littledaviedumbass, not "projections." Can't you get anything right? If you didn't get $16.68 trillion for the national debt in 2020 (which is WORSE than on the graph) you're wrong.

Try again.

Quote from bigdavediode:

Yeah, I didn't think you could find it because it's not there.

I downloaded the entire budget as a pdf and did a search for "projections" and the White House budget projection is significantly better (unsurprisingly) than the out-of-date and incorrect CBO projection that you posted.

 

[phenomena]

I didn't say it has the highest "actual tax" in the developed world you stupid bitch. I said corporate tax. Did your wife crack you upside the head for being a fucking idiot again or can you just not read? Biggaydave= King of the strawman

Quote from bigdavediode:

No, the US does not have the highest actual tax rates in the developed world. That's the kind of boogeyman that Republicans use to scare their children before they go to bed.

And if it WAS true (which it isn't) then it would give a lie to the "Socialist countries have high taxes" mantra, so it's not even internally consistent to the philosophy.

Here's an article about it:

http://www.smartmoney.com/investing/economy/high-corporate-tax-rate-is-misleading-22463/



How about Swaziland or Lichtenstein? In both cases they are tax havens and unless you can induce Canadians and Mexicans to dump money into the new US tax haven you simply will have massively inflated deficits and massively inflated debt (see 2000-2006).

 

[Trader666]

I don't call him littledaviedumbass for nothing

 

[bigdavediode]

Quote from phenomena:

I didn't say it has the highest "actual tax" in the developed world you stupid bitch. I said corporate tax. Did your wife crack you upside the head for being a fucking idiot again or can you just not read? Biggaydave= King of the strawman

Why didn't you read the article which specifically addresses corporate taxation?