the taxes are all going up

[lamboguy]

income taxes are going up on january 1,2011. actually what is happening is that the tax cuts are going to die and the tax rate is going to revert back to prior from the cuts. i understand the phsycology behind the increase, but i personally think its going to backfire. what these guys think is that they are going to get more revenue out of the hikes. personally i think the increase in taxes will have an adverse effect on revenues and actully have a decline in them. what the government has decided to do by not keeping the tax cuts in place is to try to kill the price of gold and save the u.s dollar. personally i see no way they can achieve this with a tax increase. i see no way they can possibly kill gold or save the dollar no matter what they dream of doing.

given the state of what is going on, what i would do is hire people to get the printing presses going for about 2 months, print up enough paper money to payoff what they owe, and hand it all over to whomever holds their humoungous debt. then i would worry about the devaluation of the currency latter and let the gold go higher.this move would stop the interest that they pay on the debt and give the people that are holding our paper a big headache.

if you ask me, i would cut the taxes even more and let the world worry about how much we owe them.

[boxcar]

Another broken promise by the Liar-in-Chief. He said no tax increases for anyone making less than 250K -- or did he later change that to 200K -- and then again down to 150K? :rolleyes:

Boxcar

[Robert Goren]

It is not like the Bush tax cuts prevented the recession.

[skate]

It is not like the Bush tax cuts prevented the recession.

Not sure how you can show this, but Bushey did have a Recession handed to him, along with a phony .com Market along with a short Security, which turned out to be needed.

But let me add, it's not just a high Fed Tax that keeps business/people from expanding, but State taxes went up as Bushies tax went down.


It seems like a game to me, but if the so called voters dont consider all the taxes, they will come up short sighted, for sure.

[skate]

When foreign countries buy our bonds, it is a Positive for the USA.

They have no other means to handle the money that we the people used to purchase goods from them.

So, we bought their goods and 'they' bought our Paper.:)

[slewis]

When foreign countries buy our bonds, it is a Positive for the USA.

They have no other means to handle the money that we the people used to purchase goods from them.

So, we bought their goods and 'they' bought our Paper.:)


Can you please explain why it's a positive when foreign countries buy our bonds?

[slewis]

Not sure how you can show this, but Bushey did have a Recession handed to him, along with a phony .com Market along with a short Security, which turned out to be needed.

But let me add, it's not just a high Fed Tax that keeps business/people from expanding, but State taxes went up as Bushies tax went down.


It seems like a game to me, but if the so called voters dont consider all the taxes, they will come up short sighted, for sure.


???????? really?

[jognlope]

They should delay the expiration of the tax cuts (an expiration voted in by Republicans), until after that commission on deficit reduction comes up with their proposals at the end of this year, which has plenty of members and Boehner, too (hey is he is the tanning lotion business? If not, he should be, YOUZA). Maybe that commission can come up with a proposal that will make only half of the tax reinstatement necessary.

Also do you like the idea of social security and Medicare being voluntary? Would cut down on their revenue to pay benefits, though. Just mentioned on Meet the Press by a Rep.

[Tom]

It is not like the Bush tax cuts prevented the recession.

No, but they have been preventing the depression.

[Greyfox]

I've said before:

Today's debt = Tomorrow's taxes.

The U.S. National Debt under the last two administrations has now risen to over $13 trillion bucks.

Is Obama bankrupting the country in order to have an excuse for bringing down the military industrial complex? He seems intent on "Peace in Our Time."
At least that's how it looks to me.

[lamboguy]

Can you please explain why it's a positive when foreign countries buy our bonds?i have no idea how owing anyone anything is good unless you plan on screwing them out of the money, and then you become dishonarable. i am sure that your word is your bond, you are a top notch guy in my book, but the pollitions that run this country and others around the world are not.

not that this really matters in scope of things, but if by some stretch of the imagination they were to pay off their debts, i have no idea how raising taxes accomplishes that. i think what i am trying to say is that this raising of the taxes is nothing but a smoke screen to delay the inevitable, the defaulting of their debt and massive printing of paper to pay it off.

this is not about republican or democrat, each side closed their eyes while this has been going on, and raped the citizens here.the fine conservetives that come on here only know how to blame the other side not how to solve the problem. they will never admit that they had as much to do with this as the other side and probably alot more.

[Robert Goren]

I've said before:

Today's debt = Tomorrow's taxes.

The U.S. National Debt under the last two administrations has now risen to over $13 trillion bucks.

Is Obama bankrupting the country in order to have an excuse for bringing down the military industrial complex? He seems intent on "Peace in Our Time."
At least that's how it looks to me.How is lessening the amount of money spent on the military a bad thing. Please explain how spending money for keeping troops in Germany and Japan is wise use of money. Of all the things that the government wastes money (and there are plenty) on that has got to be the biggest waste by a country a mile. It benefits no one in any way even remotely.

[Greyfox]

Of all the things that the government wastes money (and there are plenty) on that has got to be the biggest waste by a country a mile. It benefits no one in any way even remotely.

Surely you jest. It keeps you and I and ours Safe!

[mostpost]

Another broken promise by the Liar-in-Chief. He said no tax increases for anyone making less than 250K -- or did he later change that to 200K -- and then again down to 150K? :rolleyes:

Boxcar
Here is what is going to happen. The Democrats will propose legislation extending the tax cuts for all but the top earners-anyone earning over $200,000 for a single person and $250,000 for a married couple. The tax rate for those top earners will revert to what they were during the Clinton Administration. That, by the way, was a time when the wealthy did quite well thank you.
The Republicans will cry and scream about how Obama is picking on the rich and how he is trying to turn the country socialist. Republican Senators will use the filibuster rules to delay and maybe even block passage of the legislation. So, even though the proposed Democratic legislation will mean that 95+% of working people will not have their taxes raised, the Republicans will ensure that those taxes will go up just to maintain the current tax gap between the two groups.

Obama will try to do what he promised to do. Republicans will try to block him for political gains. Who will prevail is unknown at this time. What is known is that the country will be much worse off if the Republcans prevail.

[mostpost]

Boxcar
__________________
A wise man's heart directs him toward the right, but the foolish man's heart directs him toward the left. -- Eccl 10:2
Despite what you apparently think, this biblical quote has nothing to do with liberals and conservatives. It certainly does not mean that the bible tells us conservatives are wise while liberals are fools.

Use of the terms "right" and "left" to denote poitical philosophy originate in the French National Assembly of 1789. In that body, members of the Third Estate sat on the left side of the chamber; members of the First Estate sat on the right side of the chamber. The third estate consisted of revolutionaries. The First Estate was made up of Nobles. Revolutionaries equals liberal. Nobles equal conservative.

The whole designation is based on position in a building, not ideology, not merit.

SInce the above quoted portion of the Bible was written thousands of years prior to the seating of the French National Assembly of 1789, I seriously doubt if the author was commenting on the relative merits of Obama vs. Boehner.
ETA: The link to the origins of left and right as political terms:
http://ask.yahoo.com/20011217.html

[mostpost]

Surely you jest. It keeps you and I and ours Safe!
Does it? I can see where we might need troops in South Korea due to the belligerance and irrationality of the North Korean Regime. We might need troops in the Middle East due to our committments there. But is there really a threat from Russia in Europe? I would think that IF the Russians were to attack, the Europeans would be capable of handling the situation until we could send aid. If they are not capable, they should be.
In Japan there is even less need for our troops.
When I was in the Army in the mid to late sixties we heard about how vital VietNam was to our national interests; how we could not allow it to fall to the communists. Well, it fell to the communists. That has not affected our way of life on ebit, except it has provided us with a new tourist destination!
ETA: and don't call him Shirley

[Robert Goren]

Surely you jest. It keeps you and I and ours Safe!The money spent on keeping troops in Germany and Japan is NOT keeping us safe. It is just money down the tubes. Reagan ended the cold war in the 1980s. You must missed the news that day.

[JustRalph]

The money spent on keeping troops in Germany and Japan is NOT keeping us safe. It is just money down the tubes. Reagan ended the cold war in the 1980s. You must missed the news that day.

You have a very simplistic view of the world.

This is really getting old.

[boxcar]

Despite what you apparently think, this biblical quote has nothing to do with liberals and conservatives. It certainly does not mean that the bible tells us conservatives are wise while liberals are fools.

Use of the terms "right" and "left" to denote poitical philosophy originate in the French National Assembly of 1789. In that body, members of the Third Estate sat on the left side of the chamber; members of the First Estate sat on the right side of the chamber. The third estate consisted of revolutionaries. The First Estate was made up of Nobles. Revolutionaries equals liberal. Nobles equal conservative.

The whole designation is based on position in a building, not ideology, not merit.

SInce the above quoted portion of the Bible was written thousands of years prior to the seating of the French National Assembly of 1789, I seriously doubt if the author was commenting on the relative merits of Obama vs. Boehner.
ETA: The link to the origins of left and right as political terms:
http://ask.yahoo.com/20011217.html

Wow! I'm almost impressed. But the irrefutable fact of the matter is that the the term "left" when used in a spiritual sense IN THE BIBLE, it always denotes moral/spiritual inferiority, weakness, failure, dishonor, etc. Always! So...you are correct that scripture isn't making any political statement per se -- but it most certainly is making a moral/spiritual one -- upon which all political ideologies find their ground, "incidentally"! Never forget this!

A couple of more examples in addition to the Ecclesiastes verse: Christ is said to be sitting at the right hand of the Father -- a position of great honor, majesty and power for the RIGHTeous King of Kings and Lord of Lords (Ps 110:1,5; Mat 22:44, Act 2:33, etc.).

On the Judgment Day, Christ will separate the Sheep from the Goats and place the former on his Right and the latter on his Left. The Sheep on his Right will be ushered into his glorious eternal kingdom but the Goats on his Left will be sent to eternal perdition (Mat 25:31 ff).

So, what is your complaint, Mosty? It has often been said that leftists are generally morally bankrupt and it has often been proven on this very forum how and why this is so. Plus you are the Chief Apologist for all that evil and wicked. You are constantly calling good evil and evil good and never fail to rush to the defense of evil-doers. Generally, tt appears the bible has you and your kind pegged very accurately, wouldn't you say?

And haven't we been talking of late about the Ruling Class in this country and how it is beneath them to govern in accordance with the consent of the governed; for this Class truly believes they are intellectually and morally superior to the masses. And, yet, Lefitist Ideology (Liberalism, Progressiveness, Socialism, Marxism -- whatever label floats your boat) is thoroughly Self-Defeating because it's replete with internal contradictions and double standards.

So...here's the bottom line: Complain and whine all you want. But scripture has it right (good pun intended). More than a few foolish and stupid people (these terms used in a moral/spiritual sense) are Leftists -- and by their own admission. They brag and boast about being on the Left because they are so self-deceived and spiritually ignorant, they don't have the first clue that they are cheerleaders, champions and advocates for all that is morally wrong. Just look at yourself in the mirror someday and reflect on all your apologetic works for evil.

Boxcar

[boxcar]

Here is what is going to happen. The Democrats will propose legislation extending the tax cuts for all but the top earners-anyone earning over $200,000 for a single person and $250,000 for a married couple. The tax rate for those top earners will revert to what they were during the Clinton Administration. That, by the way, was a time when the wealthy did quite well thank you.
The Republicans will cry and scream about how Obama is picking on the rich and how he is trying to turn the country socialist. Republican Senators will use the filibuster rules to delay and maybe even block passage of the legislation. So, even though the proposed Democratic legislation will mean that 95+% of working people will not have their taxes raised, the Republicans will ensure that those taxes will go up just to maintain the current tax gap between the two groups.

Obama will try to do what he promised to do. Republicans will try to block him for political gains. Who will prevail is unknown at this time. What is known is that the country will be much worse off if the Republcans prevail.

Two things: I'll believe it when I see it. And secondly, if those in the Majority really wanted to lower taxes, they'd find a way around a stupid filibuster. And let's make it three things -- let's go for the Tri: Where is our Great, Highly Intelligent, All-Knowing President on this issue :rolleyes: :rolleyes: :rolleyes: ? I haven't exactly heard him pushing to extend the Bush cuts in any way, shape or form. Wouldn't this be the ideal time to do it BEFORE the upcoming elections? :rolleyes:

Boxcar

[TJDave]

Please explain how spending money for keeping troops in Germany and Japan is wise use of money. Of all the things that the government wastes money (and there are plenty) on that has got to be the biggest waste by a country a mile. It benefits no one in any way even remotely.

In this opening post Lamboguy made mention of the price of gold in relation to the dollar. In fact, the stability of our currency is in no way linked to gold. The dollar is fiat currency and is backed by the full faith and credit of our... military. ;)

[skate]

Can you please explain why it's a positive when foreign countries buy our bonds?


Yes.

I'm not sure just where you are stuck, so let me ask.

Should the Gov sell Bonds?

What should foreign countries do with the Dollar?
1) buy USA property, which they do.
2) buy US bonds or Corp Bonds?

I think it is great that you asked, because many people (not here of course) do not find time to think about issues and whatever they here (say from TV) they just go about believing, so thanks.

[skate]

I've said before:

Today's debt = Tomorrow's taxes.

The U.S. National Debt under the last two administrations has now risen to over $13 trillion bucks.

Is Obama bankrupting the country in order to have an excuse for bringing down the military industrial complex? He seems intent on "Peace in Our Time."
At least that's how it looks to me.


Might be that you'll want to include 'any value towards the GDP' that came along with the Debt you refer to, or maybe just forget about any "lifestyle improvements".

If you want to use "just One side of your Balance sheet", fine, we can make the new sheet a "Baloney Sheet".

debt=Growth, babe, it's the Only way.

[slewis]

???Yes.

I'm not sure just where you are stuck, so let me ask.

Should the Gov sell Bonds?

What should foreign countries do with the Dollar?
1) buy USA property, which they do.
2) buy US bonds or Corp Bonds?

I think it is great that you asked, because many people (not here of course) do not find time to think about issues and whatever they here (say from TV) they just go about believing, so thanks.

Are there a set of antenni sprouting from the back of your head, because I'm not certain what planet your from?????:rolleyes:

Our Govt has been selling bonds for years....remember when mummy and dadda bought you your first savings bonds before your little teethies grew?

I mean even martians bought them!!

Nextly, our country has always welcomed foreign investment $$$ in real property or bonds and equities...

You need to be more specific what your point is or change your name from skate to E. T. Skate.

[skate]

:D


but why not at least try to answer my question put to you?;)

[slewis]

Two things: I'll believe it when I see it. And secondly, if those in the Majority really wanted to lower taxes, they'd find a way around a stupid filibuster. And let's make it three things -- let's go for the Tri: Where is our Great, Highly Intelligent, All-Knowing President on this issue :rolleyes: :rolleyes: :rolleyes: ? I haven't exactly heard him pushing to extend the Bush cuts in any way, shape or form. Wouldn't this be the ideal time to do it BEFORE the upcoming elections? :rolleyes:

Boxcar

He's been saying for quite some time now that he wants to extend the cuts to everyone except those earning so much they dont know what to do with it.

Try turning off Pat Robertson and watching one of the many financial networks and I'm sure you'll stumble upon a discussion of the subject.

BTW...everyone is finding your religious rhetoric quite annoying....

I'm even thinking about asking my pastor how to deal with it!:sleeping:

[skate]

Can you please explain why it's a positive when foreign countries buy our bonds?


What else would you have them do with the Dollar that they now have?:)

[slewis]

:D


but why not at least try to answer my question put to you?;)

I'm certain they are doing all of the mentioned.

I mean, your question is a bit broad, would you not agree?

What countries are we talking? Ethiopia??? China?

Im sure their investment strategies/needs/risk are somewhat different.

[slewis]

What else would you have them do with the Dollar that they now have?:)

I'm really having a giggle here.... Skate, do you think that when a foreign country makes an investment in ANYTHING in the US....and they cash it in ....they have all these US dollars hanging around???:lol:

I'm being very serious with you here....you need to learn a bit about international banking and foreign exchange markets.

Go google the following:

Overnight rates

Tom-next market.

Eurodollars markets.

Daily Libor fixings...

Maybe this can help you understand how all this stuff works....

[Dave Schwartz]

You people just have it all wrong here. There won't be any new taxes. 'Bama said so.
:lol: :liar:

[boxcar]

He's been saying for quite some time now that he wants to extend the cuts to everyone except those earning so much they dont know what to do with it.

I haven't heard him in any of his recent speeches. Maybe in your dreams you have? Or...maybe he's pushing it through in stealth mode? :rolleyes:

Try turning off Pat Robertson and watching one of the many financial networks and I'm sure you'll stumble upon a discussion of the subject.

Boob Tube watching is for boobs. It's no wonder at all you're so enamored with it. :rolleyes:

BTW...everyone is finding your religious rhetoric quite annoying....

When you remove the mouse out of your left pocket and the cockroach out of the right one, you can change the "everyone" to "I'm".

I'm even thinking about asking my pastor how to deal with it!:sleeping:

No need to bother the poor man, especially since you've indicated that he's in Rip Van Winkle mode (or was that you?). All the wisdom you could handle is found right here with me. Solution to your problem: Hit the Iggy button. See: Wasn't that easy? :rolleyes:

Boxcar

[lamboguy]

I haven't heard him in any of his recent speeches. Maybe in your dreams you have? Or...maybe he's pushing it through in stealth mode? :rolleyes:



Boob Tube watching is for boobs. It's no wonder at all you're so enamored with it. :rolleyes:



When you remove the mouse out of your left pocket and the cockroach out of the right one, you can change the "everyone" to "I'm".



No need to bother the poor man, especially since you've indicated that he's in Rip Van Winkle mode (or was that you?). All the wisdom you could handle is found right here with me. Solution to your problem: Hit the Iggy button. See: Wasn't that easy? :rolleyes:

Boxcari honestly believe you are a liberal trying to fool all of us here

[boxcar]

i honestly believe you are a liberal trying to fool all of us here

Well...I respect you but condemn your belief. :D

Boxcar

[Track Collector]

You people just have it all wrong here. There won't be any new taxes. 'Bama said so.
:lol: :liar:

Watch out for the return of those "old" taxes like with the expiration of the Bush tax cuts.:mad:

It's not really about addressing the financial issues, but rather a deliberate plan to grow the government, grab more power, and shrink personal freedoms. Obama and friends are not stupid............just trying to play us as the fools.

[Lefty]

Some of you don't mind taxes being raised because you believe it will only affect the rich. The sad truth is: when you raise taxes on one economic group it affects all economic groups.

[lamboguy]

Some of you don't mind taxes being raised because you believe it will only affect the rich. The sad truth is: when you raise taxes on one economic group it affects all economic groups.when you run a business the time to raise prices is when times are good not bad. the economics of this country in the state that it is in right now would probably be better off getting rid of income taxes alltogether, and just print up enogh money to handout to each and everyone of its citizens to stimulate the economy. it would probably bring more revenues in other forms that what the country needs to keep going. there were plenty of study's years ago with that concept and they all came to the conclusion that no matter how much money they handed someone, they would's spend it, they would save it. and therefore the handout would not do any good.

this presidential administration is operating right now under that phylosophy in a different manner that does not seem to be working, if anything its making things worse. i also don't see what good it is going to do to reinstate the prior taxes and increase a segment of the poputlation's tax rate's. if the idea is to increase revenues and they know ahead of time that by raising taxes the total revenuses will decrease, why raise the taxes to begin with? the answer is probably that they want to redistribute wealth which would be a terrible game changer in the middle of things.

[Robert Goren]

While we may disagree on tax cuts for the rich, we all agree on tax cuts for everybody else. My great fear that the Republicans in their fervor to keep cuts for the rich will block tax cuts for everybody else. On a side note, what is the max number of people a business employs and still be considered small. I saw 500 tossed out someplace yesterday. I have friend who runs a coffee shop and has 5 employees. He is certainly not in the same boat as somebody who employs 500 people.

[jognlope]

I had too much of my friend Jim Beam, a once in a while thing, just nervous over moving my horse to a new barn, I'm making coffee. God, I had no idea I could get this plastered. The only reason I'm nervous is there is a short driveway and I was thinking too much about the highway off the barn, cars speed by. If anything happened to my horse, my life would end as I know it. I'm a very neurotic person and had too much of friend Jim as we speak. Making coffee, not normal rigght now. Ignore my post please.

[fast4522]

Cool