Re: This will definetly help our economy
 

No taxes for 8-9 months would destroy the governments income. Then how do we pay for roads, military, education, federally backed hospitals, federally backed banks, DNR, Police forces, ect, ect, ect.....

Oh and lets not forget all the federal employees who would then become jobless, wow, theres like another million jobs out the door. Oh and those of us dependent on unemployment right now, yeah, we would be screwed, then there would be an even worse recession

The only way the government could make money without taxation would be to control a resource this country has, say grain, or steel, ect, and that would be *GASP* SOCIALISM!!!! DUN DUN DUN!!!!!!!!!!

So yeah, your problem solving skills leave alot to be desired.

Re: This will definetly help our economy
 

California (Total Liberal State) has doubled their debt, is about to go bankrup and they spend over 5 BILLION dollars a year on illegal aliens. A lot of which get free health care.

Guess who is about to bail them out? That is right the tax payers, I mean the government is going to give California the Tax Payers money...

Re: This will definetly help our economy
 

RLFebo, I am done trying to make sense of you. You liberals are impossible to reason with, you want biparticsm yet won't ever meet in the middle.

When this Spendulus doesn't do jack for the economy and a year passes and you can't point the finger at Bush anymore, I'm going to enjoy pointing the finger back at the liberals.

Why play the pointing finger game? It's so easy to keep pointing fingers for both sides. It's his country and his economy now, he better hope this works or he is one term only. (Thank goodness)

Re: This will definetly help our economy
 

Im more than willing to reason with the reasonable. But your solutions are just assnine. Seriously, stop taxes? You have no scope or grasp on how dependant this country is on taxes. It always has been. You want middle ground. Give the government the grain industry and you can have your lower taxes. Or is that socialism? Also I enjoy facts. Facts speak louder than your words. Link some sources, or everything you say is heasay.

Re: This will definetly help our economy
 

I only read half of that and didn't even waiste my time reading the other half. Your arguements have been total horse shit and I'm done waisting my time with you.

I think the media might have just built Barak Obama up too much that no matter how bad he does he can't fail. Blood is squirting from my eyes.

Re: This will definetly help our economy
 

Typical conservative, only read half of what is said.

Re: This will definetly help our economy
 

If you watched the news ever, and yes I watch all the stations, I wouldn't need to link any of my sources you would just know.

I'm not the first person to propose no taxes for half a year to a year. Many congressman brought up the idea as well, you are so wrong to say that we wouldn't be able to go on without taxes for the next 8 months.

Re: This will definetly help our economy
 

Ive read everything else you said until that, your defenses are a waiste of my time man. Liberals always want the last word and never stop talking about how right they are.

Re: This will definetly help our economy
 

Btw, Ive tried several searches for this zero taxes thing and the only thing I found close was dropping the %10 tax bracket to %0. This is a drastically different plan than zero taxes for all for a year. So yeah, if you got a link im interested in reading it.

Btw, here is what I found:
http://www.signonsandiego.com/uniont..._1n19econ.html

Re: This will definetly help our economy
 

[1 Minute Ago 06:37 PM] RLFebo: See the problem is, I dont really care if we go socialist. If it gets me a job and good pay, then bring it on. I dont care.

Show me where socialsm has ever worked? You are a typical person just looking for free hand outs from the government, probably collecting welfare and umeployment checks.

Who is going to police the world when we aren't a super power anymore, Iran is only a few years away from having a nuke, but I guess they are just launching it straight at Israel as soon as they get their hands on it so that won't effect us... Wait yes it will, drag us into another war.

Re: This will definetly help our economy
 

If you are unemployed like me, why don't you make something from nothing and do something positive like join the Marines.

I know I am, Obama is sending out 17k Marines soon, man up or shut the fuck up.

Re: This will definetly help our economy
 

Yeah, I think I already shut you down in the SB.

So just for the record,

I WAS A MARINE!
I got medically seperated. Not my effin choice. Now I deal with it.

Re: This will definetly help our economy
 

You tried accussing me of having a job, then it was me mooching off my parents, wait which one is it and when did you shut me down?

I made sacrafices to make sure not to need government help, like selling my built talon for dirt, getting rid of TV, Internet, and car insurance.

I either take the bus or walk everywhere. I'm at a buddies house right now, that is how I've ate the last few days and had internet.

You don't hear me whining though, just me bitching about the people bitching who really don't even have it bad. Americans only seem to worry about them selves lately.

I bet not many on this board can say they have gone two days without eating. I know I can, and it was within the last month.

Re: This will definetly help our economy
 

And like I said, you still have your pride at least I guess. Guess you are the better man then me, because I would rather file for something that has been paid for already by companies for people like me, and keep the few possessions I have, and stay fed, and keep my car so that when Im back in the working game Im not starting over. If it comes down to it then I will slowly cut back on my life.

There is a thin line between pride and foolishness. But since your joining the military anyways, you dont need that crap.

Re: This will definetly help our economy
 

pewp

Re: This will definetly help our economy
 

And that about sums it all up.

Re: This will definetly help our economy
 

http://i12.photobucket.com/albums/a2...sitarafat1.jpg


Sorry, I couldn't resist. I laugh every time I see this picture.

Re: This will definetly help our economy
 

^^^lol!

Re: This will definetly help our economy
 

My grandparents left us with a 120% debt to GDP ratio back in 1946. Today, that percentage is sitting closer to 70%. We didn't remove that 50% by paying down the debt, instead we increased our GDP aka we GREW our economy. So long as we have policies that aim to continue to grow our economy our debt, expressed in real dollars, will most likely continue to grow. However so long as we grow our economy at the same or faster pace who cares? Our interest on our debt consumes a smaller portion of our tax receipts today than it did a decade ago. That's what's important. It might be easy to say that our debt level is twice the 2000 level today, but it's not fair to 'forget' to mention that our GDP level is also growing. (sorry, I don't have prepared data that is more recent, dig through the treasury statements if you want more current figures.)

http://boomerang.blogs.com/.shared/i...debt080415.png

http://boomerang.blogs.com/.shared/i...atch080415.png

Yes, the debt is moving up, and right now that pace is barely outstripping our GDP's growth. However we should be focusing on fiscal policy to manage that debt ratio by doing what we can to grow our economy. Don't read that and think I agree with the stimulus plan as it was passed...I don't. However making sure people have jobs and growth opportunities is important and if it can do that, then great.

Except that right now the fed is trying to pump as much money into the system to prevent deflation. You have to remember that to increase the money supply (prevent deflation), the fed buys financial assets with this money from thin air. They are doing this now. The trick is being able to sell those financial assets back out to reclaim money and prevent inflation. This is the piece that everyone seems to ignore. We have the potential for (hyper-)inflation if we can't control the money supply well enough on the upswing.

Don't delude yourself, this is how it works. I'd be surprised if anyone read any bill all the way through. Excluding ones they write themselves, of course. That's why they have a staff, to have those people do the reading late into the night and have them report back a condensed version. This isn't unique to the government. Even low level team leads and supervisors have to do the same thing with their staff in order to make decisions.

So, if this hypothetical CEO did what you are suggesting, would you take the $3,333.33 per year job? What if that job is no longer needed due to new efficiencies? Should we continue to pay people to do jobs that are no longer needed? If you had your facts right, you'd realize that there are more high-wage earners now than there ever were. So, is it bad to have the rich get richer and have more rich people? Last time I checked most people want to make more money next year than they do this year....

http://boomerang.blogs.com/photos/un...cperearner.gif

Fact is, both conservatives and democrats have made a ton of mistakes and both sides use deficit scare tactics. The point of my post is to urge you all to try and understand the facts and what they mean

From my favourite economist: Our economic record clearly demonstrates that you will get more than your so-called fair share of the nation's economic growth if you get an education, keep educating yourself, work full time, work all year, and stay married -- regardless whether you're rich, middle class, or poor.

Re: This will definetly help our economy
 

No taxes for a most of a year???? What a stupid idea. Just because people have more income doesn't mean that they are going to spend it. Obviously the "no tax" would benefit the wealthy more than any other and they currently have money to spend. How would we pay our government workers if the government went without income????

It is always easy to sit here on the sidelines and criticise the people making the decisions but what would you do to fix this? This is not an easy problem to fix but one thing is for sure, Obama is in a lot better position than any of us to make the decision.

Personally, I am fine trusting a group of well educated people to make the decision for me.

Dundars, if you had the huge stimulus plan come across your desk, would you sit down with a cup of coffee and read it?

Re: This will definetly help our economy
 

How there are still conservatives is completly beyond me.
We had to deal with the bull shit of the conservative party for long enough. now its time to actually watch our country with strong leaders actually steer us in the right direction. (not the right wing direction).
The corruption of the past 8 years is finally coming to an end and there is actually hope and change in process. (at least clintons corruption was all about love (of blowjobs))
Four things i absolutly love about this new budget:
No Nuclear storage at Yukka Mountain (its not our fucking property, it belongs to native americans)
Tax cuts to those making under $250k (wow a politician that actually does what he says he will do in the race)
Lots of benefits going where we need it (healthcare, Education and not a WAR)
HONESTY - we will actually be able to find out how much we are spending in iraq to fight the war, no more hiding.
As much as you conservatives will never admit you are wrong, but Obama is the best thing for this country right now. As much as the economy is such a problem right now, McCain and Palin would have been the final nail in the coffin of this country.

Re: This will definetly help our economy
 

Remind me to buy you a beer when i move back to MN. My left Wing Brotha :)

Re: This will definetly help our economy
 

I'm somewhat conservative, and I thought this even during the election (still didnt vote for him though). But you know what I have come to realize? We are fucked. We have been since before this election, before the last one, and probably before Bush entirely. Clinton fucked us, Bush fucked us worse, and you know what? Obama might not be here to fuck us but that's exactly whats going to happen anyway. I don't care which side you belong to, the citizens of the United States got fucked. Period.

Re: This will definetly help our economy
 

I disagree. i dont believe we as a nation are fucked just yet. I dont even think clinton really fucked us. Bush/cheney was a totally different story. When i came to CA and saw how the housing prices were skyrocketing and the way it was coming about all i could say to myself is "oh shit here comes trouble." A) Because i knew someday i would actually like to purchase a house and the inflated prices would be seriously hard to get approved for if they stayed high and B) What happens when everything comes to a crashing hault. At the time i was roomate with a guy who was in the home loan industry for these questionable people who did not deserve to get loans. He was pulling some shady stuff to get people approved and the company he was working for was helping along the way. I knew then that it didnt seem right and thankfully did not join those who we are now bailing out.
For the past month i have been scared to turn on the news because it seemed like every time i watched it there was worse news.
Last night i watched obamas speech to Congress and for the first time i actually felt hopeful that this budget could be a good stepping stone to getting us on the right path.
I then turned on MSNBC and watched Countdown, followed by Rachel Maddow. i am no longer scared to turn on the news or shows on politics. This budget has the makings to bring our government to more moral standpoint and really has the makings to prove that the government works for the people, and not for corrupt CEOs.
Remember people this budget still needs to go through congress and the senate for approval. Which I HOPE they keep it free and clear of any little bull shit lobbyists and add ons.

Re: This will definetly help our economy
 

You are stupid.

Please tell me how Clinton made banks grant loans to people. He has nothing to do with it. I work for the regulator of credit unions and I deal with the financial institutions everyday. No places were "forced" to make loans by Clinton and neither party has anything to do with the mortgage crisis. Banks and credit unions develope their own underwriting criteria and the Clinton administration had no control over the loans being granted by them. The real problem with the mortgage crisis was that values were going up so quick that banks were being a little more relaxed with their underwriting criteria since they wouldn't have to worry about losing money. If they were to foreclose, they would have been able to make money on the properties instead of discount them heavily to get rid of them.

The reason the FHLB even exists is to buy loans from financial institution so they would be able to continue lending to qualified members. Institutions get money for originating and servicing the loan, get the ability to make more loans, increase their liquidity and not have as much interest rate risk.

Re: This will definetly help our economy
 

You gotta open your eyes kid. I'm not going to sit here and tell you none of this would have happened if it weren't for Clinton, but to say he isn't part of the reason we're totally fucked now is a little too much.
The Community Reinvestment Act. Clinton signed it, Bush failed to fix it, and the mortgage companies took advantage of it by grabbing everything they could get while they could get it. I worked for a mortgage company for a time and underwriting standards basically went from shitty to non existent.

Re: This will definetly help our economy
 

AGAIN get your facts straight. it just so happens that, under Bush, every taxpayer got a tax cut.

It wasn't tax cuts for the rich.
It wasn't tax cuts for the poor.
It was tax cuts for every tax payer

Facts: Fill in the blank: "Tax cuts for the _______."

Re: This will definetly help our economy
 

We will have to go out.



Where is Dundars??? This was quite entertaining watching him go back and forth with RLFebo.

Re: This will definetly help our economy
 

I'm 100% done with this thread John, thanks for caring.