Economics

Give a starving man a fish he eats for a day. Teach a starving man how to fish and he can feed himself for the rest of his life.

Obama wants to spread the wealth give you a fish for the day.

McCain wants to create opportunity jobs so you can eat for the rest of your life.


Simple

simple economics says that in the economic struggles we are in now tax hikes HAVE to happen, its inevitable,Obama is at least being open and honest with the public and saying I will raise taxes....on the wealthiest Americans that have gotten huge breaks over the last 8 years of Bush/Cheney. McCain saying that he wont raise taxes at all but pay for all these programs he is planning is ludicris! either he is a complete moron and knows nothing about economics or he is lying just to get elected, I say IF he wins he will be Bush senior all over again...remember the famous "Read my lips...NO new taxes"

McCain wants to spread the wealth. UP the chain. Why can't anyone see where your tax dollars go under Republican leadership? They go to the various PRIVATE companies that have been created to do the job of the government. The worse part: Our elected and appointed officials OWN huge equity stakes in these companies. Ever research how much PERSONAL wealth Cheney, Rumsfeld, Bakker, Schultz and other made ofo of 9/11?...and Obama is just as much a Capitalist as McCain, but it's a different means to the same end, at least Obama's plan will empower DOMESTIC interests through a societal economy. but we'll see.

Do you remember the last time a democrat promised a middle class tax cut and then went back on his word, and instead gave one of the hugest tax increases? Do you remember Bubba? AKA Bill Clinton.

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People are most conservative on issues that they know most about. --Ann Coulter

Still waiting for that Clinton middle class tax cut..

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Socialism will only work with a society of prisoners, slaves, and robots who can be controlled by the ruling elite (which will always exist in that type of system).
http://obamaclock.org/

Dem give a tax cut? NEVER..

Sometimes you have to give a man a fish while you teach him to fish so he doesnt starve before he learns how to fish.

Cons always like simple short answers which keep them from having to fire up the brain cells and actually thinking a problem through.

This is why they think idiots like Bush and Palin are great.


Its time for the thinking people who actually look at all the aspects of the problem and truely solve it.

America is tired of stupid sayings instead of real policy.

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"The essence of the Liberal outlook lies not in what opinions are held, but in how they are held: instead of being held dogmatically, they are held tentatively, and with a consciousness that new evidence may at any moment lead to their abandonment." -Bertrand Russell

The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93 Pub.L. 103-66, 107 Stat. 312, enacted 1993-08-10) was passed by the 103rd United States Congress and signed into law by President Bill Clinton. It has also been referred to as the Deficit Reduction Act of 1993. Part XIII, which dealt with taxes, is also called the Revenue Reconciliation Act of 1993.


Specifics
It created 36 percent and 39.6 income tax rates for individuals.
It created a 35 percent income tax rate for corporations.
The cap on Medicare taxes was repealed.
Transportation fuels taxes were hiked by 4.3 cents per gallon.
The taxable portion of Social Security benefits was raised.
The phase-out of the personal exemption and limit on itemized deductions were permanently extended.


The bill, which both raised taxes and cut government spending, has been credited as the major cause behind the deficit reduction and eventual surpluses during the 1990s, by sources such as the non-partisan Congressional Budget Office. [1] The theory holds that federal budget deficits increase both inflation and interest rates. These two phenomena are widely known to cause economic stagnation. Indeed, when inflation increases, often the Federal Reserve will raise interest rates to contain the inflation.

The fact is and still remains you do not increase spending in a massive scale, then raise taxes on a select group to offer a tax cut for the middle class without reducing the deficit. To use the Clinton era tax increase as an example of how the Obama plan will work is a completely false comparison. One more thing to consider , when the Clinton tax plan was put into place the US economy had by that time experienced 8 quarters of continued growth. The economic environment we are in today is one of slow growth and no growth. The Barack Obama tax plan while appealing to the average income earner on the surface in the end will hurt not only the Middle class that Obama intends to help, but also the economy as a whole.

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God grant me the courage not to give up what I think is right even though I think it is hopeless.
Chester W. Nimitz

So the bailout is channeling tax payer's money directly to the stockholders and CEO's of the companies that are in trouble.

And somehow you people want me to believe that on top of these people GETTING taxpayer money they shouldn't have to pay taxes on it.

Well, excuse me for thinking you are full of shit.

Yeah that bill worked wonderfully.

It was also written and past without one single republican vote. Gore had to come to the senate and vote to break the tie.

When we have a Dem president and a Dem congress we will get some great budget control once more.

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"The essence of the Liberal outlook lies not in what opinions are held, but in how they are held: instead of being held dogmatically, they are held tentatively, and with a consciousness that new evidence may at any moment lead to their abandonment." -Bertrand Russell

So Warren Buffett and the CEO for Google think Obama is right, but lets listen to mdjgirl7. You know what I have to say to that?
:r ofl::rof l:

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Its one thing to be an idiot, its a whole different thing to open your mouth and prove it to the rest of the world

Do your research: McCain wants to increase spending as well. Getting rid of "pork barrel spending" is less than 1% of the entire budget. And saving money by reducing our presence in Iraq will allow for a more balanced budget over the course of the four-year term. The economy, when the middle classes feel more financially stable and secure with less expensive health care, better education, better opportunities, and tax breaks, will speed up as those middle classes spend. Economic growth will result from that spending increasing wealth and opportunity for everyone. Only a very small percentage of people want a hand out for not working. Nothing will ever change that. Let's accept it, and the rest of us will work and with a government that works for us, perhaps we can all live better lives instead of falling for the old Republican trick that liberals want hand outs, they don't want to work, they want socialism, when really all liberals want is more fairness and opportunity for those people who aren't already wealthy. That includes probably everyone on this message board.

These social changes that Obama and all Democrats want require MONEY, and so when they promise one thing they deliver it in a tax increase.

Bubba is a perfect example!

On the radio (WOR 710 AM ...my favorite as you know)they make it an issue to show the people what all these great ideas turn into, not just de jure but de facto. Not only do they do this, but John Gambling gives everyone a chance to speak up, with a diverse listener and call-in group and controversial figures coming into chat from both sides of the ticker

The Omnibus Budget Reconciliation Act of 1993 (or OBRA-93 Pub.L. 103-66, 107 Stat. 312, enacted 1993-08-10) was passed by the 103rd United States Congress and signed into law by President Bill Clinton. It has also been referred to as the Deficit Reduction Act of 1993. Part XIII, which dealt with taxes, is also called the Revenue Reconciliation Act of 1993.


Specifics
It created 36 percent and 39.6 income tax rates for individuals.
It created a 35 percent income tax rate for corporations.
The cap on Medicare taxes was repealed.
Transportation fuels taxes were hiked by 4.3 cents per gallon.
The taxable portion of Social Security benefits was raised.
The phase-out of the personal exemption and limit on itemized deductions were permanently extended.


The bill, which both raised taxes and cut government spending, has been credited as the major cause behind the deficit reduction and eventual surpluses during the 1990s, by sources such as the non-partisan Congressional Budget Office. [1] The theory holds that federal budget deficits increase both inflation and interest rates. These two phenomena are widely known to cause economic stagnation. Indeed, when inflation increases, often the Federal Reserve will raise interest rates to contain the inflation.



This was passed without one single R vote and Gore had to come into the senate and vote to break the tie.


The republicans screamed and screamed it would destroy the country.


Once we have a completetly Dem gov we will get good fiscal policy again.

__________________
"The essence of the Liberal outlook lies not in what opinions are held, but in how they are held: instead of being held dogmatically, they are held tentatively, and with a consciousness that new evidence may at any moment lead to their abandonment." -Bertrand Russell

And sometimes the person wanting the fish actually provides a service to earn the fish... instead of sitting there thinking that everyone else owes him the fish for nothing and expects the dock master to force everyone to do exactly that

__________________
Socialism will only work with a society of prisoners, slaves, and robots who can be controlled by the ruling elite (which will always exist in that type of system).
http://obamaclock.org/