President Obama!
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Never. Let's have tax increases and spending cuts and all take the first step together.
MrFedEx
Engorged Member
Re: Obamanomics
An interesting cartoon, especially when you consider how the GOP is more than willing to throw children under the bus by cutting education programs or any form of assistance that might allow them to succeed in the future.
Fri, Apr 15, 2011
An interesting cartoon, especially when you consider how the GOP is more than willing to throw children under the bus by cutting education programs or any form of assistance that might allow them to succeed in the future.
MrFedEx
Engorged Member
moreluck
golden ticket member
Re: Obamanomics
It's an old song you sing, but here is the story from a "not Fox" site I have no idea what this site is.......
http://www.insignificantthoughts.co...or-return-of-money-un-says-tough-we-spent-it/
It's an old song you sing, but here is the story from a "not Fox" site I have no idea what this site is.......
http://www.insignificantthoughts.co...or-return-of-money-un-says-tough-we-spent-it/
Call them what you will, but it's never gonna happen. But dig in your heals anyway with the Tea Party faithful and insist on fiscal purity of the republican party. Drive Boehner right back to minority leader where he belongs.
MrFedEx
Engorged Member
Nimnim
The Nim
Re: Obamanomics
Not quite the captain, more like the skipper. He has some say, but things can still happen without him.
We are in serious trouble with our current economic path though. The debt won't vanish overnight, and neither will the deficit, but without solid steps that Obama doesn't seem interested in we'll never turn things around. We just don't need that much government spending.
Not quite the captain, more like the skipper. He has some say, but things can still happen without him.
We are in serious trouble with our current economic path though. The debt won't vanish overnight, and neither will the deficit, but without solid steps that Obama doesn't seem interested in we'll never turn things around. We just don't need that much government spending.
MrFedEx
Engorged Member
Re: Obamanomics
We can cut spending. How about defense? Boehner won't touch it, and neither will the GOP. Reaganomics never worked, and it won't work if we try it again. The Republicans who scream about creating jobs are the same ones who support businesses that outsource or offshore their production. Good for profits, but not so good for American workers or a middle class with decent discretionary spending capability. The rich do not pay the same proportion of their income in taxes that the rest of us do. Why should I be in the 29% bracket, when a billionaire pays 12%? And the argument that the rich are "job creators' is fallacious. Most save their money or invest it in forms other than a business that would provide jobs.
We can cut spending. How about defense? Boehner won't touch it, and neither will the GOP. Reaganomics never worked, and it won't work if we try it again. The Republicans who scream about creating jobs are the same ones who support businesses that outsource or offshore their production. Good for profits, but not so good for American workers or a middle class with decent discretionary spending capability. The rich do not pay the same proportion of their income in taxes that the rest of us do. Why should I be in the 29% bracket, when a billionaire pays 12%? And the argument that the rich are "job creators' is fallacious. Most save their money or invest it in forms other than a business that would provide jobs.
MrFedEx
Engorged Member
Re: Obamanomics
Outsourcing to China, Vietnam, India, and Mexico has been rampant, and fully supported by Republican policies. The rich get richer, and the middle class disappears.
Outsourcing to China, Vietnam, India, and Mexico has been rampant, and fully supported by Republican policies. The rich get richer, and the middle class disappears.
UpstateNYUPSer(Ret)
Well-Known Member
Re: Obamanomics
You may be in the 29% tax bracket but I would bet that your effective tax rate is closer to 10-15%. Mine was just under 10% this year.
BTW, they can mess with all of the tax deductions they want as long as they leave the mortgage interest deduction alone.
You may be in the 29% tax bracket but I would bet that your effective tax rate is closer to 10-15%. Mine was just under 10% this year.
BTW, they can mess with all of the tax deductions they want as long as they leave the mortgage interest deduction alone.
Lue C Fur
Evil member
Re: Obamanomics
We can cut spending. How about defense? Boehner won't touch it, and neither will the GOP. Wrong...prove it!!!Reaganomics never worked, and it won't work if we try it again. Wrong...Prove it!!! The Republicans (and Democrats) who scream about creating jobs are the same ones who support businesses that outsource or offshore their production. Ask your Messiah about that...Jeffery Immelt of GE is his buddy...i guess thats OK right? Too bad that your Democrat buddy in NY would not close the loophole so GE could keep not paying taxes.Good for profits, but not so good for American workers or a middle class with decent discretionary spending capability. The rich do not pay the same proportion of their income in taxes that the rest of us do. Really...Prove it!!!Why should I be in the 29% bracket, (Wow!!! i make over 100k a year and im in the 25% tax bracket...you pay more than me...LOL) when a billionaire pays 12%? And the argument that the rich are "job creators' is fallacious. Most save their money or invest it in forms other than a business that would provide jobs. Really...Prove it.[/QUOTE]
Hey this is fun...if i dont agree with anything you say then i just ask you to "Prove it"...now where have i heard that before?
moreluck
golden ticket member
Re: Obamanomics
Well, Obama wants the mortgage int. deduction and the charitable deductions GONE !!
UpstateNYUPSer(Ret)
Well-Known Member
This best sums up the disparity in effective tax rates. As Obama says in this article, "the amount of taxes you pay isn't determined by what kind of accountant you can afford."
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Babagounj
Strength through joy
Re: Obamanomics
of course he does. Two things that he can live without. I hear that Kenyan school he promised to fund is still waiting
of course he does. Two things that he can live without. I hear that Kenyan school he promised to fund is still waiting
trplnkl
555
Re: Obamanomics
The mortgage deduction does me no good anymore, but it does help many people. I would hate to see the charitable deduction go away, even though I have never used it(for purely personal reasons), However, some of the richest people in the USA either have set up charity organizations or contributed heavily to them, Remove that deduction and the amount they donate will probably decrease. I have much more faith in the organizations to get that money distributed where it is most needed than I do the federal government.
The mortgage deduction does me no good anymore, but it does help many people. I would hate to see the charitable deduction go away, even though I have never used it(for purely personal reasons), However, some of the richest people in the USA either have set up charity organizations or contributed heavily to them, Remove that deduction and the amount they donate will probably decrease. I have much more faith in the organizations to get that money distributed where it is most needed than I do the federal government.
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