The only way to pay off this massive Republican caused deficit.

Discussion in 'Economy' started by Neubarth, Mar 12, 2010.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    We will soon have legislation proposed to make the maximum Tax rate for Americans set to Sixty percent. Everybody who makes more than 30,000 a year will pay Sixty percent on the amount over 30K. The States will be prohibited from taxing more than forty percent on income above 30K but could go up to that number to pay off the state deficits that they have funded with bond issuances that are coming due.

    We will be able to balance the budget within ten years at that rate and then pay down the debt thereafter. This is a fair Democratic solution. Everybody will be taxed at the same rate on their income above 30K. You gotta love Obama. He is a very fair President.
     
  2. uscitizen
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    uscitizen Senior Member

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    Everyone should be taxed at the same rate regardless of income on all income.
    That way no one could claim they are getting screwed.

    I am tired of all the whining.
     
  3. driveby
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    driveby Gold Member

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    The dems are here to save the day, oh joy ..........
     
  4. elvis
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    elvis BANNED Supporting Member

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    yeah, doubling the debt. :lol::lol:
     
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  5. Old Rocks
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    Old Rocks Diamond Member

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    Ah yes, the wonderful Republican solutions. Go to a war based on lies, reduce taxes, and then claim the Dems are to blame for that deficit and the resulting economic disaster. Gotta love that kind of chutzpah.
     
  6. elvis
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    elvis BANNED Supporting Member

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    Obama is doubling the debt that Bush created. Oh that's right he has a D behind his name so for partisan hacks like you, it's ok.
     
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  7. Old Rocks
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    Old Rocks Diamond Member

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    No, it's not OK. It is neccessary. Doing nothing would have resulted in a repeat of '29.

    Reality is that we are going to have to reduce expenditures and increase government income. That means reductions in defense as well as social programs. That also means that we have to increase tax rates, particularly on the very wealthy.

    The present health care system is another drag on the economy. We pay twice as much for a system that simply does not work. When you are paying premium dollar per citizen, even counting those not covered by the system, and you rank #37, behind even a little nation with one tenth the average income, then you are doing something wrong, and wasting much of the 18% of the GDP spent on health care.
     
  8. elvis
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    elvis BANNED Supporting Member

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    Bush bailed the banks out, not obama. that rescued us from another 1929. this stimulus package hasn't saved us from anything. It is only going to create huge inflation. and if you think raising taxes will turn this economy around, you're a bigger idiot than I imagined.
     
  9. sparky
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    sparky VIP Member

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    the deficit isn't a partisan issue
    , you folks can continue to paint it as one, but the bottom line is both parties individual members voted for their piece(s) of the pork traditonally without regard to it

    because it just didn't register internally.

    externally, that other countries are considering a different global monetary benchmark than the dollar ,reeks of national insolvency imho

    so.....perhaps a foolish Q, but somebody's gotta ask it.......can anyone here tell me if America is a solvent nation?

    doesn't the IMF (regardless of what you may think of them) monitor such things?

    what are they saying about this issue?

    what have they done with other countries that are in the 'red'?

    ~S~
     
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  10. Toro
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    Toro Diamond Member

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    Actually, the way the deficit and debt is eventually going to be paid off is inflation, IMHO.
     
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