Tea Party kicks Boehner in the teeth - again

[geeker2]

welll put Bob

[geeker2]

Originally Posted by geeker2

welll put Bob

and JMS

[joeydb]

So... how are we going to pay back this debt with no jobs???

[Riot]

Originally Posted by joeydb

So... how are we going to pay back this debt with no jobs???

Which do you think is more important? Jobs or the debt?

As JMS said, "An economy where 3% of the people have 98% of the money is destained to fail."

[joeydb]

Originally Posted by Riot

Which do you think is more important? Jobs or the debt?

As JMS said, "An economy where 3% of the people have 98% of the money is destained to fail."

Obviously we need both jobs and very low debt. And we used to have both, so don't tell me we can't do it again if we make policy to do so.

JMS might be right. It is also true however that an economy where 47% of the people pay no income taxes is also destined to fail. The other 53% won't keep carrying the dead weight. More and more of them will go to the side where they can have the freebies. That will mean less people paying the bills. This is the mechanism by which the economy fails.

[Riot]

Originally Posted by joeydb

Obviously we need both jobs and very low debt. And we used to have both, so don't tell me we can't do it again if we make policy to do so.

We are in a slow recession recovery. We need jobs. Carrying debt right now is of little consequence.

JMS might be right. It is also true however that an economy where 47% of the people pay no income taxes is also destined to fail. The other 53% won't keep carrying the dead weight.

People don't pay income taxes unless they have income. They need jobs to have income. The middle class is now virtually non-existent. What drove this country in the past 50 years? An upwardly-mobile, spending middle class. It's gone. Walmart's revenues are even dropping off. Not even the poor have money any more. They have been bled dry.

Look up who gave the 1.4 trillion dollars in unfunded tax cuts during the past 10 years, and look up how much income tax the top 10 biggest companies in this country paid last year. Our revenues have never been lower.

Then wonder why the Tea Party and the Republican Party are fighting 100% against any revenue increases? And decreasing spending during a slow recession recovery? (and the Dems have gone over to that dark side, too, the fools)

More and more of them will go to the side where they can have the freebies. That will mean less people paying the bills. This is the mechanism by which the economy fails.

Less people paying the bills is directly due to the Bush Tax Cuts. They need to expire. You agree, right? BTW, your "Tea Party" is fighting that. Completely against anybody paying more taxes. Why do you support that craziness?

[paulo537]

Originally Posted by Riot

We are in a slow recession recovery. We need jobs. Carrying debt right now is of little consequence.

You really cannot truly believe this, can you?

For every expert who said the recession would last 2 years when it started, there was another who said it would last 5 years.

For every expert who said unemployment would ease after 6 months, there was another who predicted it would top out at 12%.

Same thing with the housing experts.

No one knows. If you had your way with policy AND IF the recession lasts another 3 years, debt service would go from 30% of total fed revenue now to 50% in 5 years.

At that point, the debt level would indeed become be inconsequential as you write because it it would be impossible to manage it and the dollar would be worth 50% of its' current diminished level.

At that time, the next fiscal debate would be how much of the debt should be monetized.

You are incredibly ignorant to think you can just keep spending more and more without there being consequence.

[jms62]

Originally Posted by joeydb

Obviously we need both jobs and very low debt. And we used to have both, so don't tell me we can't do it again if we make policy to do so.

JMS might be right. It is also true however that an economy where 47% of the people pay no income taxes is also destined to fail. The other 53% won't keep carrying the dead weight. More and more of them will go to the side where they can have the freebies. That will mean less people paying the bills. This is the mechanism by which the economy fails.

Joey there are plenty of uber rich folks in the 47%... Don't kid yourself.

[joeydb]

Originally Posted by jms62

Joey there are plenty of uber rich folks in the 47%... Don't kid yourself.

Well, I'm not one of them, and I'm not for that. This is one reason why I think a flat tax is a good idea. One rate - NO DEDUCTIONS for ANYBODY. No huge tax code to exploit or write in loopholes. No bracket creep where people do things to hide income to keep from getting into higher percentage withholding.

It is fair by definition - everyone pays the same proportional amount. You could exempt the first $40,000 or whatever makes sense, but anything over that is computed by a simple equation. The enforcement gets that much easier too.