US deficit down 9%

[mrsleeve]

Am I mad that the government isn't spending more money? No. We need to figure out a way to cover the amount of spending we have been doing. Which means tax hikes, and I know how much everyone loves to hear that. Though one thing that worries me is the possibility that we could lose a decade like Japan did.

Really you have no clue how the real world works do you????

[Kansas]

Really you have no clue how the real world works do you????

:yawn: Enlighten me.

[mrsleeve]

would be a waste of my time.

taxes are punitive and a hindrance to business. You raise them business will pull in the effort. thus making the economy slow even more, lowering tax rolls. Thus they will be raised again, and shit will get wose.


Study the great depression then get back to me.

[z31maniac]

Yep. That's what I get for posting at the crack of dawn. US government spending has increased at more or less the same rate each year for the last 20 years. Doesn't matter who's in office, how the economy is doing or how much revenue they're getting: the government always gets bigger.


Am I mad that the government isn't spending more money? No. We need to figure out a way to cover the amount of spending we have been doing. Which means tax hikes, and I know how much everyone loves to hear that. Though one thing that worries me is the possibility that we could lose a decade like Japan did.

No, leave taxes where they are, and cut SPENDING.

[mrsleeve]

No, leave taxes where they are, and cut SPENDING.

Thats Crazy talk...........................................But you know this, why do we even try anymore with kids like this.



Allthough it has kinda worked on h0lmes after years of trying maybe there is hope

[z31maniac]

IN reality, I'd like to see the fairtax + much less spending.

[Massive Lee]

taxes are punitive and a hindrance to business.

[mrsleeve]

What else would you call them there my commie Canadian counterpart.

[z31maniac]

I guess Lotus and other companies are threatening to leave for Germany because a 50% income tax rate is a GOOD thing.

[reelop19]

Yesssss 2 pages in a row where I get to reference the 1920 Depression that never happened. We could compare what was done in the 1920's to what FDR did in the 1930's and 40's. I'm just saying we called the 1920's the roaring 20's and what did we call the 1930's and 40's? Oh yeah the Great Depression. Hey don't blame me for paying attention to history. When history shows me a better way I will claim that way to be the way:)

[Kansas]

would be a waste of my time.

Well then why bother saying anything at all?

taxes are punitive and a hindrance to business. You raise them business will pull in the effort. thus making the economy slow even more, lowering tax rolls. Thus they will be raised again, and shit will get wose.

What's your suggestion? That companies pay no taxes? Hate to break it to you, but government needs revenue to function. And government, whether you're willing to admit it to yourself or not, is critical to the economy.

Study the great depression then get back to me.

I would suggest the same to you.

No, leave taxes where they are, and cut SPENDING.

With the GDP and revenue as low as they are, spending would have to be cut pretty massively to balance the budget. And besides, how would that assist the economy?

I guess Lotus and other companies are threatening to leave for Germany because a 50% income tax rate is a GOOD thing.

Source?

Yesssss 2 pages in a row where I get to reference the 1920 Depression that never happened. We could compare what was done in the 1920's to what FDR did in the 1930's and 40's. I'm just saying we called the 1920's the roaring 20's and what did we call the 1930's and 40's? Oh yeah the Great Depression. Hey don't blame me for paying attention to history. When history shows me a better way I will claim that way to be the way:)

That was just a post-WWI recession. Not a full blown stock market crash and bank failure.

[joshh]

http://stimuluswatch.org/2.0/

Cuts would be huge if Congress and the President were willing to actually be responsible and stop thinking they can spend all they want. Much of it on nonsense.
You keep giving them more=more nonsense spending.

No one is saying no taxes. But when waste is at the level it is, cutting comes first.

[z31maniac]

What's your suggestion? That companies pay no taxes? Hate to break it to you, but government needs revenue to function. And government, whether you're willing to admit it to yourself or not, is critical to the economy.

Yep. The FairTax eliminates all corporate income tax, imagine how much more competitive our industries/companies would be if you lopped 35% off the bottom line? Or if guys like blunt no longer had to pay the 12.5% self-employment tax? What do you think he could do with the cost of parts? Go lower to be even more competitive and sell more things?

The thing that blows my mind that you don't get. All corporate income taxes are taxes on the American PEOPLE, not the corporations. Corporations will not take the hit to the bottom line when taxes are raised, what do they do? The raise the price of the product and pass it on to the consumer.

With the GDP and revenue as low as they are, spending would have to be cut pretty massively to balance the budget. And besides, how would that assist the economy?

By putting more money in people's pockets. If people that have money would start spending again, it would go a long way toward getting us back on the right track.

Source?

http://www.thesun.co.uk/sol/homepage/motors/3160797/Car-firm-Lotus-in-vow-to-quit-UK.html

The one about Lotus is more about the Gov't backed loan, which is a crock in my opinion. If they can't get financing on the open market, why is that the gov'ts and taxpayers problem?

But then there are these........

http://www.telegraph.co.uk/news/worl...r-Germany.html

http://topnews.us/content/222213-zurich-leaving-uk-lighter-tax-regime

http://www.thefirstpost.co.uk/67714,business,one-in-five-firms-consider-leaving-uk-because-of-tax

[CorvallisBMW]

So where do you all propose we cut spending from? Defense? Education? Medicare? Food safety?

Every single conservative I've talked to loves to rally and bitch about how the government needs to cut back spending. But not a single one, NOT ONE, has been able to give me a specific cut they would make.

So how about it guys? Where are you going to find $500bn next year to cut? You can't cut the Stimulus, it's already over. Same with the bailouts, TARP, etc. I don't care if you want to cut from discretionary, non-discretionary or both (yes, you can cut from non-discretionary spending, there are ways to do it)

[mrsleeve]

So where do you all propose we cut spending from? Defense? Education? Medicare? Food safety?

Every single conservative I've talked to loves to rally and bitch about how the government needs to cut back spending. But not a single one, NOT ONE, has been able to give me a specific cut they would make.

So how about it guys? Where are you going to find $500bn next year? to cut?

over 60% of the Budget as it is now is ENTITLEMENTS. thats a good place to start.

Bail outs, Earmarks, Pork in general, unnecessary travel, Govt employee Unions (aka Collective bargaining agreements) Education (return that to a state and locally run programs and not a federal agenda, The schools are not shitty from being short on cash)

Shall I continue.