We are broke, we should start acting like it.

[polaris dude]

What exactly was so intimidating about Mitt, or threatening to you? That he may stick up for the 2% of Americans that apparently make too much, but dont pay enough taxes, (because they were smart enough to figure out how to)?

You want to screw things up for us remaining 98% because its not "fair" or what?

Now just look, whats obama's plan, no body knows yet, but it comes with a price tag of atleast 200 billion more to tag onto our insanely huge defecit.

This country was not founded on being fair, the American dream is ALL about making it happen for yourself.

I'm sorry, but what is wrong with allowing the tax rates for the top 2% return to normal? The Bush tax cuts were not meant to last forever they are due to expire and they should. Trickle down economics has not helped the middle class in the slightest and its clear like you said the rich do not need any help from the government to keep amassing more wealth.

But then again all this tax stuff is BS. If we had a flat tax with no deductions everyone would pay the same and the effective rate would be lower.

 

[milehighassassin]

Foreign aid.
I would simply close the checkbook, and tell these countries that until we can afford it, we will not be giving them a damned thing.

It's not giving. It's an exchange in most situations. We pay them, they let us have a base or embassy there. They provide intelligence, we give them money.


Sent from my iPhone using Tapatalk

 

[donbrown]

I'm sorry, but what is wrong with allowing the tax rates for the top 2% return to normal? The Bush tax cuts were not meant to last forever they are due to expire and they should. Trickle down economics has not helped the middle class in the slightest and its clear like you said the rich do not need any help from the government to keep amassing more wealth.

But then again all this tax stuff is BS. If we had a flat tax with no deductions everyone would pay the same and the effective rate would be lower.

Okay lets say we tax the top 2% income at 100%. take it all

That pays for less than 9 days of Federal Government Spending.

Approximately 65% percent of todays Federal budget is for Medicare, aid, Social Security, retirement and the interest on the debt.

Stop spending the 35% of what government actual does do, HUD, Education, FDA, CIA, FBI, miltary and they still ,have to borrow $ to pay for the 65%

Hmm what to do? A flat tax ... would that be fair ?

 

[ruffryder]

Okay lets say we tax the top 2% income at 100%. take it all

That pays for less than 9 days of Federal Government Spending.

So your argument against it is that it doesn't solve all the problems so it shouldn't be done?

I am just glad that you are arguing against yourself and know one else. Does this mean you win? lol

 

[donbrown]

So your argument against it is that it doesn't solve all the problems so it shouldn't be done?

I am just glad that you are arguing against yourself and know one else. Does this mean you win? lol

What does it solve? The tax hike on the 2% is will fund the US Government for for less than 2 days.

I think this tax "redistrubition" of taking the money from a group of people for the sake of making another group more "satisfied" IMHO is discrimination ... or to satisfy someone's "campaign promise" is just not a good reason ... maybe a little conceited or vain.

Notice I didn't say "and give it to another group" cause in the long run most of the money will get used up in a quagmire of of government red tape.

The US federal government has spent over 14 trillion on poverty since the 1960's and the poverty rate is the same % amount of the population.

The way the "system" seems to work now is taking rights from one group based on age, location, lifestyle, income, race, creed, or gender and redistribute rights to anther group. I think this social experiment just doesn't work and the unintended consequences are enormous in all aspects, financially, socially etc.

Over 65% of those so called "rich" are Democrats and voted for this to happen. Most military industries are controlled by democrats but that sure isn't perception.

Why do I do this, to make this world a better place for my children.

For my children in lower grades they are all winners and all get trophies at the end of the season. Even the referees add points to ther loosing team and ignor the loosing teams unsportsmanship conduct to try and make a more "fair" game.

Do I win ... not unless we learn from our mistakes and move on to other issues.

 

[ruffryder]

What does it solve? The tax hike on the 2% is will fund the US Government for for less than 2 days.

2 days down, 363 to go. Whats your problem with that?

Taking all the money from a group of people for the sake of making another group more "satisfied" IMHO is discrimination ... or to satisfy someone's "campaign promise" is just not a good reason ... maybe a little conceited or vain.

You are the only one talking about taking all the money from a group. Everyone else is talking about letting the TEMPORARY tax CUTS actually expire like they should, like they were supposed to.

It won't solve all the problems, but it is a step in the right direction.

 

[donbrown]

2 days down, 363 to go. Whats your problem with that?

You are the only one talking about taking all the money from a group. Everyone else is talking about letting the TEMPORARY tax CUTS actually expire like they should, like they were supposed to.

It won't solve all the problems, but it is a step in the right direction.

The problem is the 2% will probably divert their efforts so they don't get "taxed" as much as they should.

The government is not efficient nor effective to spend the money and create laws in such a prudent way to solve "social" problems.

We don't have a tax problem we have a spending problem.

PLUS people's perception is this government will solve all the social ills of the world. While others generate HUGE wealth trying to change the level of the oceans, stopping violence, eliminating hunger etc. Just give them MORE MONEY.

What's the main objective today December 2012 of more taxes?
It pays for what?
Someone promised it in a campaign?
Need more revenue?
Its the right thing to do?
They have too much anyway?

I don't know about you but I distribute most my money in exchange for a service or product and any tithing is best done on my terms IMHO.

 

[ruffryder]

We don't have a tax problem we have a spending problem.

We have both. We need to increase revenue while also reducing expenditures.

The problem with reducing expenditures is no one wants "their" benefits cut. They want others to make cuts.

 

[donbrown]

We have both. We need to increase revenue while also reducing expenditures.

The problem with reducing expenditures is no one wants "their" benefits cut. They want others to make cuts.

IMHO your close ... noone wants to cut a program where is MIGHT do less good, keep them elected, or distibute the (tax) revenue to their supporters.

For every dollar "used" by the government what is the overhead cost and what gives them the legal right to have such a program?

 

[donbrown]

We have both. We need to increase revenue while also reducing expenditures.

The problem with reducing expenditures is no one wants "their" benefits cut. They want others to make cuts.

IMHO your close ... noone wants to cut a program where it MIGHT do less good, keep them elected, or distibute the (tax) revenue to their supporters.

For every dollar "used" by the government what is the overhead cost and what gives them the legal right to have such a program?

and right now the majority of the budget makers want to just raise revenues cause its the right thing to do and we'll look at reductions tomorrow while increasing spending today !

All the while they are using "social" issues to have us argue while they go on vacation

 

[ruffryder]

IMHO your close ... noone wants to cut a program where it MIGHT do less good, keep them elected, or distibute the (tax) revenue to their supporters.

I think it is more a problem with the people, not just the politicians.

 

[beard]

u.s debt

The u.s. paid 454 billion dollars in debt dollars in 2011! wow , and pays china alone 73.9 million everyday in interest on loans.....now let me think for a second here...i'd say someone isn't doing a good job...just my .02 cents. Nice to know where your tax dollars are really going eh.....to pay interest. If u personally were in debt paying this kind of interest i'd imagine u would throw in the towel......well what's gonna happen when the u.s. simply can't make that payment anymore? and why does the u.s. need to borrow money exactly?

 

[donbrown]

The u.s. paid 454 billion dollars in debt dollars in 2011! wow , and pays china alone 73.9 million everyday in interest on loans.....now let me think for a second here...i'd say someone isn't doing a good job...just my .02 cents. Nice to know where your tax dollars are really going eh.....to pay interest. If u personally were in debt paying this kind of interest i'd imagine u would throw in the towel......well what's gonna happen when the u.s. simply can't make that payment anymore? and why does the u.s. need to borrow money exactly?

I don't think the US will go bankrupt ... the dollar will loose value or they will restructure the debt just like Russia did in in the 1990's Please look at what happened to LTCM .

http://useconomy.about.com/od/themarkets/f/LTCM.htm

 

[donbrown]

I think it is more a problem with the people, not just the politicians.

I agree people make the problem.

They mass media has changed the game ... morely the manipulation and "marketing" of "perceptions".

 

[Bubba]

I don't think the US will go bankrupt ... the dollar will loose value or they will restructure the debt just like Russia did in in the 1990's Please look at what happened to LTCM .

http://useconomy.about.com/od/themarkets/f/LTCM.htm

We are not RUSSIA !!!!!

 

[polaris dude]

Hey, I own about 5k of US debt. And I've been considering liquidating it soon, but it would be just my luck that the US would default for the first time ever trying to pay me back... Definitely would be an awkward situation.

 

[donbrown]

We are not RUSSIA !!!!!

Oh boy what can I write ... you're correct!

How are we different?

 

[Bubba]

Oh boy what can I write ... you're correct!

How are we different?

I know im only 49 not for long.

 

[donbrown]

I know im only 49 not for long.

I meant how is the USA different from Russia ?

 

[suitcase]

Cut the government in half
All politicians are limited to 4 yrs
A salary cap of 100,00 a yr for all government employees!