Buffet rule passage would cost us jobs

[Katzndogz]

The money realized from the Buffet Rule will go to give Kenya more money, pay for hookers, parties and vacations.

Since we KNOW what the government is doing with the money they have, why ever would we give it more.

 

[JRK]

Capital gains typically have been taxed, Where would one get the wealth to invest to start with?
I see the left offer resolutions that start with the Military. That is just because there leadership never will discuss the issues as they really are
think about it

The issue is not with the Military, if it was in 2007 we wuld have had a 1.4 trillion dollar defict, not the 163 billion we did have

The purpose of the failed stimulus along with grabbing 50% of Tarp (as Obama did) was to re-set the budget base-line (Obama only used about 250 billion of his 1/2 of tarp, little of that we got back)

The bottom line is the last GOP budget was the 2007 budget. We got within 163 billion of a balanced budget with both wars wide open as well as a 5% REAL UE rate

It is not that difficult to understand how we got here, nor what it will take to fix it

There has been talk of going back to the 07 baseline with inflation as a way to deal with this Obama creation
I think it is great place to start
The Truth about Obama's Budget Deficits, in Pictures

 

[auditor0007]

I cannot believe that claiming taking wealth from the private sector will not be a job killer.

If you take 50,000 from a person who earned 1 million dollars a year (5%) it will effect some-ones bottom line

That wealth will no longer be put to work.

We were within 163 billion of a balanced budget in 2007 with Iraq at its highest level of winning that war

More spin fron the Dems

Go back to 07 levels, add 5%, that makes the defict 500 billion with a real 5% UE rate

Thats the fix
Then tax reform that eliminates income/capital/corporate tax with a Fair tax type system and we balance the budget

It is that simple

Create wealth

It is so sad that so few of you understand how our economy really works. Government and private industry are so intertwined that your what you say makes no sense at all. Here is the truth; if you leave the money in the hands of the wealthy, they tend to sit on it. They invest some, but much of it is not put to very good use. When the government gets their hands on money, one thing and only one thing happens; the money gets spent and put right back into the economy. It really doesn't matter what it is spent on, it is put back into the economy time and time again, leading to growth. How many jobs are created from the defense industry? Without government, there is no defense industry. I can go on and on, but talking to most of you is like talking to a brick wall.

 

[JRK]

I cannot believe that claiming taking wealth from the private sector will not be a job killer.

If you take 50,000 from a person who earned 1 million dollars a year (5%) it will effect some-ones bottom line

That wealth will no longer be put to work.

We were within 163 billion of a balanced budget in 2007 with Iraq at its highest level of winning that war

More spin fron the Dems

Go back to 07 levels, add 5%, that makes the defict 500 billion with a real 5% UE rate

Thats the fix
Then tax reform that eliminates income/capital/corporate tax with a Fair tax type system and we balance the budget

It is that simple

Create wealth

It is so sad that so few of you understand how our economy really works. Government and private industry are so intertwined that your what you say makes no sense at all. Here is the truth; if you leave the money in the hands of the wealthy, they tend to sit on it. They invest some, but much of it is not put to very good use. When the government gets their hands on money, one thing and only one thing happens; the money gets spent and put right back into the economy. It really doesn't matter what it is spent on, it is put back into the economy time and time again, leading to growth. How many jobs are created from the defense industry? Without government, there is no defense industry. I can go on and on, but talking to most of you is like talking to a brick wall.

If what you say is true then explain to us this
2007 spending 2.73 trillion
2011 spending 3.4 trillion
Yet the GDP is stagnet
Job creation is stagnet
in 2007 we had 5% UE with a GDP about the same as 2011 with the housing bubble starting to explode 4th quarter

Based on your theroy this should not be
Based on you theroy this extra 700 billion, well what does your theroy claim this extra 700 billion is to have done?
Thats real wealth with a 1.5 trillion dollar defict in 2011
Let me add that in 2007 we had the war in Iraq going wide open
in 2011 it was not, that expense was in reality all but gone


No-one that I am aware of has claimed the federal govt does nothing as it relates to growth (some times it does more harm than good)
Now explain to us brick walls how this works again?

 

[NYcarbineer]

well thank you for the Grammer lesson

Now that is one you couldn't make up.

 

[JRK]

well thank you for the Grammer lesson

Now that is one you couldn't make up.

I am glad it made you laugh
The guy who was so worried about my grammer was called out on 3 lies also
Never heard from him again

Like I told him, to accuse some-one of an 8th grade education who calls you our on 3 myths, well cannot help him look to good

I think my laugh was the best, or is it I laughed the best, or is it I had the best laugh?

I guess it just goes to show that being eduacated does not help you to take the time to do your DD so your not made a fool of, or is it making a fool of?

 

[BlindBoo]

Do you understand capital gains?

It's taxed at the corporate level prior to being realized as a capital gain to the individual shareholder, hence the reason many people refer to a capital gains tax as double taxation.

I think that might be dividends.

When you invest and make a profit you're taxed on the profit, not the original investment money. Seems to me the OP thinks you get taxed on the original investment money.

 

[starcraftzzz]

Grammer?
you want to make this personal?
you libs kill me

What kills me is that you'd flunk a 3rd grade English class and then go on to call other people idiots.

You're sentences if we can call them that can't get any more smple.

See here is the problem your English skills are so poor that its hard to even know what you are saying.

You're logic is retarded. You can't spend money that you dont have. What are you going to say next that people are eating food that doesn't exists.

See this is part of your problem you're English skills are so shitty that you didn't understand the part of your source that stated that the reason it concludes that Obamacare increase the deficit is because they excluded all the measures in Obamacare that reduced the deficit


Nope according to the CBO's news analysis Obamacare is expected to reduce the deficit by 50billiion more then thought over the same time periods. Perhaps if you could read you'd know this.


I'll make a deal, you stop insulting yourself with your stupid posts and then I'll stop insulting you for your stupid posts

And one more thing English teacher
WHO SAID I BLAMED THE HOUSING BUBBLE ON THE DEMS?
YOU DID
The fact that the bubble bursting and the Dems taking congress has nothing to do with the bubble
It is the failure to recover from it

The last time we had a banking crises similar in size to the current one. The result was the Great depression. So under the Democrats we've recovered far better then under republicans in similar economic circumstances.

retarded?
at least I am not a liar

Well that is because you are to stupid to know what the truth is

You Liberals take a class in lying followed up by insulting your fellow Americans just because we dis agree?

Its not that you disagree i9ts that you are completely clueless on reality hell if Liberals said the world was round you'd say its flat and call us liars for making fun of your stupidity

Calling me retarded shows your age dude

Its not that I'm calling you retarded, its that you are.

12 maybe 14

Coming from the person whose English skills is that of a 6 year old.

Oh yea another lie added to you total
New CBO Report Proves We Cannot Afford Obamacare
The Info is from the CBO, Heritage is just reporting it

ROTFL. Here some advice actually go to the CBO site that Heritage is sourcing. According to the CBO site Obamacare reduces the deficit by 210billino from 2010-2020 and by over 1 trillion from 2020-2030. Second also according to the CBO cite Obamacare will reduce premiums by at least 20-40%.
Second using heritage is just another example of how clueless you are. I mean are you really sourcing a source that basically created the individual mandate and praised Romneycare(AKA obamacare) has the best heath proposal ever?
Furthermore Heritage is the think tank that said teacher were paid to much because they made more money then fast food workers, Heritage is the think tank that thinks making the banks pay for their bailouts makes bailouts permanent, heritage is the group that told us that eliminating Medicare would reduce unemployment to 2%, Heritage is the group that got all you right-wing dumbass to think that INCOME taxes equal ALL taxes. When you use heritage it just proves you';re a brainwashed tool.

Dude this is just information, stop taking it so personal

No actuallyu all you're posting is stupididiy and incorect information. Informaiton that you'd realize is bogus if you had an IQ greater then 65.

Grammer good enough for you to understand that?
Grow up, Chill out
Learn to do some DD, your making a fool of yourself calling people retarded when you have been caught in a lie 3 times in just the last 10 minutes

ROTFL yes you claiming that Obamacare doesn't reduce the deficit because we can't count the measures in it that reduce the deficit, and you claiming that Obama care doesn't reduce the deficit because of other legislation that has nothing to do with expanding the deficit is totally you catching me lie.
So mr 65 IQ plz get a clue

 

[starcraftzzz]

Cutting government spending does the same thing and would, in fact, be far more effective since the Buffett Rule barely makes a dent in the annual budget deficits, which Obama himself admits. It is an election year gimmick attempt to stir up division between the haves and the have-nots and nothing more.

Yes but there really is no wasteful government spending to cut besides military/immigration spend of which republicans refuse to cut

If we go back to the 07 budget
adjust for inflation

Really so you think we should cut spending that creates $9 in economic benefits for every dollar spent is a good idea. Like seriously is thinking beyond you?
You can't even name 10billion in wasteful spending you want to cut. Pathetic.

Allow domestic drilling on public lands as well as the expansion of the same in states such as Florida (well regulated as well as land based)

Fossil fuels cost twice that of clean energy. So I ask why you are an oil company tool? Is it because you like pollution or you like being poor?

Allow the expansion of refinaries and Pipelines (well regulated)

I see so accordgin to you oil spilling into our drinking water is going to help us out.

Repeal Obamcare and replace with a common sense plan that excludes madatory purchasing of coverage

Obamacare doesn't require you to buy insurance dipshit, it raises your taxes if you don't get it.

That would balance our budget with a 5% UE rate

ROTFL so according to you oil in drinking water, cutting spending on things that create 10 times the benefits for the money spent and repealing Obamacare which creates 250,000 jobs per year in 2020 and reduces wasteful health spending by trillions will make the UE drop to 5%

Then we could take our time with a real health-care plan and true tax reform

Democrats already passed one while you busy drooling

Then of course, the Social Security retirement age could be raised gradually and it could be means tested. Medicare can be reformed,

Already done Obamacare makes Medicare 10% more effcient.

foreign aid should be completely eliminated, in my opinion, and earmarks can be scaled back.

Scaleing back earmarks doesn't reduce spending. Earmark funds have already been appropriated all earmarks are is Congress directing the spending if there were no earmarks then the Executive branch would just direct where more of the funding goes

Capital gains typically have been taxed, Where would one get the wealth to invest to start with?

Read you dumbass capital gains taxes are taxes on THE profit of those gains.

I see the left offer resolutions that start with the Military. That is just because there leadership never will discuss the issues as they really are
think about it

Yes the Left wanting to reduce billions in wasteful money is total a lack of leadership. Idiot

The issue is not with the Military, if it was in 2007 we wuld have had a 1.4 trillion dollar defict, not the 163 billion we did have

This is why it is impossible to take you seriously. Because instead of cutting wasteful spending you suggest we just cut everything. It be like a household trying to cut expensive by cutting transportation funding that gets the to work

The purpose of the failed stimulus along with grabbing 50% of Tarp (as Obama did) was to re-set the budget base-line (Obama only used about 250 billion of his 1/2 of tarp, little of that we got back)

TARP so far has resulted in the governemnt gaining money. So far of the stuff repaid we got 8% more then what was in TARP

It is not that difficult to understand how we got here, nor what it will take to fix it

There has been talk of going back to the 07 baseline with inflation as a way to deal with this Obama creation
I think it is great place to start

How can you think it is a great place to start when you can't think period?

If what you say is true then explain to us this
2007 spending 2.73 trillion
2011 spending 3.4 trillion
Yet the GDP is stagnet
Job creation is stagnet

First of it is "stagnant". Second you clearly do not know what Stagnat means because GDP has been increasing at 2-3%, while employment has been increasing at 200,000 a month neither of which are stagnat

in 2007 we had 5% UE with a GDP about the same as 2011 with the housing bubble starting to explode 4th quarter

No dumbass in 2011 GDP was 1 trillion dollars higher then in 2007
http://www.bea.gov/iTable/iTable.cfm?ReqID=9&step=1

Based on your theroy this should not be
Based on you theroy this extra 700 billion, well what does your theroy claim this extra 700 billion is to have done?

Well the stimulus actually created 4million jobs and made key investments that will in the next ten years save the economy 1-3trillion dollras.

Thats real wealth with a 1.5 trillion dollar defict in 2011
Let me add that in 2007 we had the war in Iraq going wide open
in 2011 it was not, that expense was in reality all but gone
No-one that I am aware of has claimed the federal govt does nothing as it relates to growth (some times it does more harm than good)
Now explain to us brick walls how this works again?

First of cutting spending that increased GDP growth isn't going to make GDP better. Furthermore cutting spending that decreases the deficit wont reduce the deficit. Of which both are things you propose doing because you are to clueless

 

[kiwiman127]

Now let's deal with reality........
Please note job growth when taxes are high versus when they have been at their lowest rates.

 

[Oddball]

The money collected in the Buffett tax goes into revenues and decreases the deficit by paying for something we are currently borrowing to fund.

Cutting government spending does the same thing and would, in fact, be far more effective since the Buffett Rule barely makes a dent in the annual budget deficits, which Obama himself admits. It is an election year gimmick attempt to stir up division between the haves and the have-nots and nothing more.

Yes but there really is no wasteful government spending to cut besides military/immigration spend of which republicans refuse to cut

Bullshit.

There's shitloads of wasteful spending in the domestic socialistic welfare state, which socialist progressives refuse to cut.

 

[sealybobo]

Don't you just love going around and around with Republicans as they argue against something? First we have to argue with them for weeks we this is not class envy or a war on the rich. Then we have to explain to them why it is fair that the rich pay more than they are paying now. For them to pay what they use to pay. Why is that unfair? Then Republicans will argue for a week how the rich actually pay more taxes than the rest of us combined. When we explain how that is misleading, then they spin the argument back to that this is a war on the rich.

Then repeat the 4 talking points over and over again until you tire out your opponent. They will get sick of debating you eventually.

 

[Jackson]

The Buffet rule vote failed this evening. Now maybe we can get to the real issue of cutting spending in this nation.

 

[starcraftzzz]

Cutting government spending does the same thing and would, in fact, be far more effective since the Buffett Rule barely makes a dent in the annual budget deficits, which Obama himself admits. It is an election year gimmick attempt to stir up division between the haves and the have-nots and nothing more.

Yes but there really is no wasteful government spending to cut besides military/immigration spend of which republicans refuse to cut

Bullshit.

There's shitloads of wasteful spending in the domestic socialistic welfare state, which socialist progressives refuse to cut.

Odd how there is so much but you can't even give us 10billion worth

 

[Luddly Neddite]

I cannot believe that claiming taking wealth from the private sector will not be a job killer.

I cannot believe the rw's are STILL waiting for the 1% to produce even one friggin job. It hasn't happened yet - Why do they still believe its going to happen?

Oh yeah, lushbo said so.

Sheesh.

 

[Oddball]

Yes but there really is no wasteful government spending to cut besides military/immigration spend of which republicans refuse to cut

Bullshit.

There's shitloads of wasteful spending in the domestic socialistic welfare state, which socialist progressives refuse to cut.

Odd how there is so much but you can't even give us 10billion worth

Sure I can...

The entire Departments of Energy, Commerce, Labor, Education, HHS, HUD, DHS & TSA...Then we can extensively devolve to the states or privatize most of the DoT and sell off BLM lands...Then we can junk chickenshit trifles like the CPB/NPR/PBS, NEA, NEH, EEOC, NLRB...After that we can shitcan the DEA and BATF...

That enough for ya, comrade?

 

[auditor0007]

Now let's deal with reality........

And the reason for this is simple. When the wealthy keep more of their money through cuts in the tax rate, they pretty much just sit on the money. Now, when tax rates are higher, they still find ways around paying those high rates, but they actually have to put their money to work which in turn leads to a growing economy. This is what most people don't understand. Regardless of how high or low the tax rates are, the wealthy still will only end up paying a certain percentage. This has been proven over the years. The difference is that when rates are higher, the money actually must be put into play. To prove this is not happening currently, all one need do is look at all the cash that American companies are sitting on. They can afford to sit on this money because there is no downside to doing so. If they were at risk of losing it, they would put it into play which in turn would increase GDP and get the economy moving again.

 

[starcraftzzz]

Bullshit.

There's shitloads of wasteful spending in the domestic socialistic welfare state, which socialist progressives refuse to cut.

Odd how there is so much but you can't even give us 10billion worth

Sure I can...

The entire Departments of Energy, Commerce, Labor, Education, HHS, HUD, DHS & TSA...Then we can extensively devolve to the states or privatize most of the DoT and sell off BLM lands...Then we can junk chickenshit trifles like the CPB/NPR/PBS, NEA, NEH, EEOC, NLRB...After that we can shitcan the DEA and BATF...

That enough for ya, comrade?

ROTFL I see so according to you education, energy production, healthcare, eating, food saftey, roads, railroads, health research, and having shelter are all a waste.
So according to you no one sohuld buy food because it is a waste.
Come back when you've got a clue.

 

[Oddball]

Odd how there is so much but you can't even give us 10billion worth

Sure I can...

The entire Departments of Energy, Commerce, Labor, Education, HHS, HUD, DHS & TSA...Then we can extensively devolve to the states or privatize most of the DoT and sell off BLM lands...Then we can junk chickenshit trifles like the CPB/NPR/PBS, NEA, NEH, EEOC, NLRB...After that we can shitcan the DEA and BATF...

That enough for ya, comrade?

ROTFL I see so according to you education, energy production, healthcare, eating, food saftey, roads, railroads, health research, and having shelter are all a waste.
So according to you no one sohuld buy food because it is a waste.
Come back when you've got a clue.

Just because the feds don't piss away zillions of dollars on something doesn't mean that states, localities and private interests won't do them.

Speaking of getting a clue.

 

[thereisnospoon]

The money collected in the Buffett tax goes into revenues and decreases the deficit by paying for something we are currently borrowing to fund.

Nonsense.The so called "Buffet Rule" affects only those who actually get paychecks equalling or exceeding $1 million per year. All others who's income is derived from investments and/or business income are not affected by the rule. The percentage of Americans exceeding $1 million in annual income through actual paychecks is miniscule.
This rule is a hoax and a purely political proposal by Obama to garner votes from his class envy base.
BTW, the rule has ZERO chance of passing the House and just a snowball's chance in hell of passing the Senate. Even democrats are running from this. There are far too many million dollar earners in those Blue States that such a tax could risk their ire at the voting polls this November.