Degenerate's Tax the Rich Fixation

[LogikAndReazon]

The country has zero revenue problems, only a massive spending problem.................

 

[OohPooPahDoo]

The country has zero revenue problems, only a massive spending problem.................

Explain how revenue does not factor into the equation

deficit = spending - revenue



Thanks.

 

[Skull Pilot]

The country has zero revenue problems, only a massive spending problem.................

Explain how revenue does not factor into the equation

deficit = spending - revenue



Thanks.

Deficits happen when spending>revenue

That's the problem. The fucking government rapes to the tune of almost 3 trillion dollars a year there is plenty of revenue the problem is there is too much spending.

 

[TakeAStepBack]

You'll never convince someone who loves government spending that it is a problem. it's a lost cause. To them, the government can spend 90% of GDP and they will ask for another 5%. Because government is the answer to all problems.

 

[Skull Pilot]

You'll never convince someone who loves government spending that it is a problem. it's a lost cause. To them, the government can spend 90% of GDP and they will ask for another 5%. Because government is the answer to all problems.

Correction

To them, the government can spend 100% of GDP and they will ask for another 5%.

 

[WillowTree]

Raising taxes on the rich was the cornerstone of President Obama’s reelection campaign. “If we’re serious about reducing the deficit,” Obama told a rally in Columbus, Ohio, on election day, “we’ve got to ask the wealthiest Americans to go back to the tax rates they paid when Bill Clinton was in office.”

But just how much deficit reduction would Obama’s tax hikes on the rich necessarily accomplish?

Nothing, according to the Congressional Budget Office.

Letting tax rates rise to Clinton era levels for those families making over $250,000 a year would only raise $824 billion over ten years. That is not even enough revenue to undo the sequester that Obama promised “will not happen” during his final debate with Mitt Romney....

How much deficit reduction would Obama

If the asshole was serious about "revenues decreasing the deficit" he let the Bush tax cuts expire on EVERYONE. But no, not this one, he's got to engage in class warfare.

That would be detrimental to the economy at this point.

bullshit. we have a 16 trillion dollar debt. let the tax cuts expire on everyone. let's get that damn debt under control and cease with the class warfare.

 

[OohPooPahDoo]

If the asshole was serious about "revenues decreasing the deficit" he let the Bush tax cuts expire on EVERYONE. But no, not this one, he's got to engage in class warfare.

That would be detrimental to the economy at this point.

bullshit. we have a 16 trillion dollar debt. let the tax cuts expire on everyone. let's get that damn debt under control and cease with the class warfare.

Its difficult to imagine how taking money out of the hands of the consumers spending it would be a good idea at this point.

 

[OohPooPahDoo]

You'll never convince someone who loves government spending that it is a problem. it's a lost cause. To them, the government can spend 90% of GDP and they will ask for another 5%. Because government is the answer to all problems.

Correction

To them, the government can spend 100% of GDP and they will ask for another 5%.

No, its 105658595% and 429759% respectively. I base that on a hunch.

 

[OohPooPahDoo]

The country has zero revenue problems, only a massive spending problem.................

Explain how revenue does not factor into the equation

deficit = spending - revenue



Thanks.

Deficits happen when spending>revenue

That's the problem. The fucking government rapes to the tune of almost 3 trillion dollars a year there is plenty of revenue the problem is there is too much spending.

deficit = spending - revenue

So revenue should not be in the above equation?

 

[martybegan]

That would be detrimental to the economy at this point.

bullshit. we have a 16 trillion dollar debt. let the tax cuts expire on everyone. let's get that damn debt under control and cease with the class warfare.

Its difficult to imagine how taking money out of the hands of the consumers spending it would be a good idea at this point.

What you really mean is out of "your hands"

Typical liberal. Always a big spender with other people's money.

 

[LogikAndReazon]

Heck, the "lost" revenue from tax cuts really belonged to the treasury to begin with................

Its really a "COST"........

 

[Skull Pilot]

Explain how revenue does not factor into the equation

deficit = spending - revenue



Thanks.

Deficits happen when spending>revenue

That's the problem. The fucking government rapes to the tune of almost 3 trillion dollars a year there is plenty of revenue the problem is there is too much spending.[/QU


deficit = spending - revenue

So revenue should not be in the above equation?

A deficit is revenue - spending when spending> revenue.

A surplus is revenue- spending when revenue>spending.

In your equation one can have a positive deficit that is an oxymoron.

So the problem with deficits is the spending because at 3 trillion a year the government has enough revenue

 

[Mr. Shaman]

Raising taxes on the rich was the cornerstone of President Obama’s reelection campaign. “If we’re serious about reducing the deficit,” Obama told a rally in Columbus, Ohio, on election day, “we’ve got to ask the wealthiest Americans to go back to the tax rates they paid when Bill Clinton was in office.”

But just how much deficit reduction would Obama’s tax hikes on the rich necessarily accomplish?

How much?

A good start!!!!!!!!!!



[ame=http://www.youtube.com/watch?v=8wDdWJcpJj0]Maddow: GOP plan to extend tax cuts for the rich - YouTube[/ame]​

 

[OohPooPahDoo]

Deficits happen when spending>revenue

That's the problem. The fucking government rapes to the tune of almost 3 trillion dollars a year there is plenty of revenue the problem is there is too much spending.[/QU


deficit = spending - revenue

So revenue should not be in the above equation?

A deficit is revenue - spending when spending>than revenue.

A surplus is revenue- spending when revenue>spending.

So the problem with deficits is the spending because at 3 trillion a year the government has enough revenue

Define 'enough revenue'.

 

[auditor0007]

Raising taxes on the rich was the cornerstone of President Obama’s reelection campaign. “If we’re serious about reducing the deficit,” Obama told a rally in Columbus, Ohio, on election day, “we’ve got to ask the wealthiest Americans to go back to the tax rates they paid when Bill Clinton was in office.”

But just how much deficit reduction would Obama’s tax hikes on the rich necessarily accomplish?

Nothing, according to the Congressional Budget Office.

Letting tax rates rise to Clinton era levels for those families making over $250,000 a year would only raise $824 billion over ten years. That is not even enough revenue to undo the sequester that Obama promised “will not happen” during his final debate with Mitt Romney....

How much deficit reduction would Obama

So the better idea would be to cut taxes for the wealthy? It's interesting how raising taxes would increase revenue by nearly $1 trillion over ten years. What do you think cutting taxes would do? We've seen the effects of cutting taxes. As far as I'm concerned, once the economy begins growing at a faster pace, we need to go back to the rates we had under Clinton for everyone. The reason to concentrate on just the wealthiest Americans at this point is the fact that they aren't struggling to pay their bills.

And it's not about raising taxes as much as it is about rescinding tax cuts. When GW pushed for his tax cuts, his reasoning was that we were going to have such a large surplus that the money should go back to the taxpayers. Well, we see what happened to that huge surplus. Revenues under Clinton were 20% of GDP. Today they are 15% of GDP. The biggest reason is that we cut taxes, and by doing so, we cut revenue by 25%.

What is amazing is that most of you can't do simple math. If you could, you would see the problem.

 

[Skull Pilot]

A deficit is revenue - spending when spending>than revenue.

A surplus is revenue- spending when revenue>spending.

So the problem with deficits is the spending because at 3 trillion a year the government has enough revenue

Define 'enough revenue'.

Enough to do the minimum required of it as defined by the Constitution

 

[OohPooPahDoo]

Define 'enough revenue'.

Enough to do the minimum required of it as defined by the Constitution

We don't want to do only the minimum.

 

[Koios]

Enough to do the minimum required of it as defined by the Constitution

We don't want to do only the minimum.

I like the mininum: provide for the general welfare.

 

[TakeAStepBack]

We know already. You want a group to come wipe your ass when you're done taking a shit. There is nothing a statist doesnt want the government to do. Nothing. They love the government as an authority figure. They want to be protected, coddled/swaddled and given an allowance.

 

[TakeAStepBack]

And they call it freedom.