Is Standard and Poor Blaming the Teaparty for credit Downgrade ?

[Greenbeard]

Sen. Lamar Alexander, R-Tennessee, and Rep. Jeb Hensarling, R-Texas, who both hold GOP leadership positions, told reporters that the current high unemployment rate is proof that short-term stimulus programs, like the payroll tax reduction, don't work.

"I don't sense how this move will install the confidence that small businesses in east Texas and Fortune 50 companies are going to need to take care of the Obama employment gap," Hensarling said.
"We don't need short term gestures, we need long term strategies that build into our system simpler taxes, lower taxes, fewer mandates, lower costs, lower energy costs, more certainty," Alexander said

Paul Ryan made the same argument yesterday on Chris Wallace's show. A payroll tax cut is "temporary," "demand-sided," and is "proven not to work" in the esteemed Budget Committee Chairman's words.

 

[Flopper]

That's the tax cut Obama proposed and the GOP blocked!!!!!

Really? Link?
Secondly, If it was blocked, I'd love to see what allegator was in that swamp. Very common practice to attach a deal killer or poison pill to popular legislation to prevent passage or try to sneak one through. Kinda like all the pork loaded into legislation via riders.

Don't think you get to pull that fast one here Edthecretin.

GOP lawmakers say no to a payroll tax cut extension – CNN Political Ticker - CNN.com Blogs

 

[edthecynic]

If by America you mean, socialist embedded in the Democratis Party, you are correct.

Socialist?

People who support Social Security, Medicare, and the rich paying taxes at the same rate as the rest of us are socialists?

You really need to do a little research on what socialism is.

" Socialism is the creed of ignorance, the gospel of envy and the equality of misery." Winston Churchill.

" The problem with socialism is that you eventually run out of OTHER PEOPLE'S money." Margaret Thatcher.

BTW if you took all of the money the so-called rich have including all of their assets, make them live under the bridge, it would finance this debt for app 24 days and then that's gone too and so are they.

BULLSHIT!!!!!!!

DittoTards are the most ignorant people on Earth. They stupidly parrot anything their MessiahRushie spits out!

The top 1% alone have 40% of the $50+ trillion in wealth of this great country CON$ hate. Do the math,

July 27, 2011
RUSH: Let me tell you, you could confiscate all the wealth over $250,000 in this country, and you would run the government for a couple of weeks.

 

[Big Fitz]

So you pull a blog on CNN.

Well I guess that's as close as you comprehend to 'reputable'.

When you said 'lawmakers' I assumed you were talking a vote, not two reps voicing their opinions. But at least you misrepresented the argument.

Secondly, it was an "Idea the white house was weighing", not proposed. What's that mean? They mentioned it so they could get a reaction before they actually proposed it and get political cover by saying "we mentioned it but...".

And that payroll tax cut was a short term one, not a permanent one, which in that case both of them would be right in their criticism that we don't need "Short Term" solutions. Again, reading comprehension problems on your part, but that stems from your base dishonesty.

Your postulate is awful sickly and weak Cretin.

And then to have Fucky Schumer then say this was a 'vote to raise taxes" by the GOP, is damn near worthy of Goebbels himself.

No wonder you loved this article for the basis of your bullshit premise.

 

[Big Fitz]

Socialist?

People who support Social Security, Medicare, and the rich paying taxes at the same rate as the rest of us are socialists?

You really need to do a little research on what socialism is.

" Socialism is the creed of ignorance, the gospel of envy and the equality of misery." Winston Churchill.

" The problem with socialism is that you eventually run out of OTHER PEOPLE'S money." Margaret Thatcher.

BTW if you took all of the money the so-called rich have including all of their assets, make them live under the bridge, it would finance this debt for app 24 days and then that's gone too and so are they.

BULLSHIT!!!!!!!

DittoTards are the most ignorant people on Earth. They stupidly parrot anything their MessiahRushie spits out!

The top 1% alone have 40% of the $50+ trillion in wealth of this great country CON$ hate. Do the math,

July 27, 2011
RUSH: Let me tell you, you could confiscate all the wealth over $250,000 in this country, and you would run the government for a couple of weeks.

Actually if you seized all the income from everyone over 250k to pay the deficit, you'd still fall 400 billion short, having only amassed only once 1.2 trillion.

Of course, since you have then destroyed your tax base, since the top 10% pay around 75% of all taxes, you'll be screwed the next year all the more with over a 75% drop in total revenues having reduced the nation to abject poverty as is the goal for all you socialist fucks.

 

[edthecynic]

So you pull a blog on CNN.

Well I guess that's as close as you comprehend to 'reputable'.

When you said 'lawmakers' I assumed you were talking a vote, not two reps voicing their opinions. But at least you misrepresented the argument.

Secondly, it was an "Idea the white house was weighing", not proposed. What's that mean? They mentioned it so they could get a reaction before they actually proposed it and get political cover by saying "we mentioned it but...".

And that payroll tax cut was a short term one, not a permanent one, which in that case both of them would be right in their criticism that we don't need "Short Term" solutions. Again, reading comprehension problems on your part, but that stems from your base dishonesty.

Your postulate is awful sickly and weak Cretin.

And then to have Fucky Schumer then say this was a 'vote to raise taxes" by the GOP, is damn near worthy of Goebbels himself.

No wonder you loved this article for the basis of your bullshit premise.

I guess you missed this part of the quote, "Sen. Lamar Alexander, R-Tennessee, and Rep. Jeb Hensarling, R-Texas, who both hold GOP leadership positions,"

And it would be easy to fix, make the payroll tax cut permanent, but the GOP LEADERS who opposed the payroll tax cut did not say they would support it if it was a permanent cut!!!!!!

 

[edthecynic]

" Socialism is the creed of ignorance, the gospel of envy and the equality of misery." Winston Churchill.

" The problem with socialism is that you eventually run out of OTHER PEOPLE'S money." Margaret Thatcher.

BTW if you took all of the money the so-called rich have including all of their assets, make them live under the bridge, it would finance this debt for app 24 days and then that's gone too and so are they.

BULLSHIT!!!!!!!

DittoTards are the most ignorant people on Earth. They stupidly parrot anything their MessiahRushie spits out!

The top 1% alone have 40% of the $50+ trillion in wealth of this great country CON$ hate. Do the math,

July 27, 2011
RUSH: Let me tell you, you could confiscate all the wealth over $250,000 in this country, and you would run the government for a couple of weeks.

Actually if you seized all the income from everyone over 250k to pay the deficit, you'd still fall 400 billion short, having only amassed only once 1.2 trillion.

Of course, since you have then destroyed your tax base, since the top 10% pay around 75% of all taxes, you'll be screwed the next year all the more with over a 75% drop in total revenues having reduced the nation to abject poverty as is the goal for all you socialist fucks.

It typical CON$ervative fashion, when CON$ can't argue against what was actually said, they change the words and create a Straw Man they can argue against.

And saying the top 10% pay 75% of ALL taxes is just more EXAGGERATED CON$ervative BULLSHIT. They pay 50%.

 

[Big Fitz]

And it was an idea never OFFICIALLY given by the White House. So this is much ado about nothing. You've got nothing here. No proposal was made, it was only 'mentioned' to give political cover for a bunch of breeze checking hacks in the white house catching a break from two party hack establishment elites who popped off too early. You know what you got here?

 

[Big Fitz]

BULLSHIT!!!!!!!

DittoTards are the most ignorant people on Earth. They stupidly parrot anything their MessiahRushie spits out!

The top 1% alone have 40% of the $50+ trillion in wealth of this great country CON$ hate. Do the math,

July 27, 2011
RUSH: Let me tell you, you could confiscate all the wealth over $250,000 in this country, and you would run the government for a couple of weeks.

Actually if you seized all the income from everyone over 250k to pay the deficit, you'd still fall 400 billion short, having only amassed only once 1.2 trillion.

Of course, since you have then destroyed your tax base, since the top 10% pay around 75% of all taxes, you'll be screwed the next year all the more with over a 75% drop in total revenues having reduced the nation to abject poverty as is the goal for all you socialist fucks.

It typical CON$ervative fashion, when CON$ can't argue against what was actually said, they change the words and create a Straw Man they can argue against.

And saying the top 10% pay 75% of ALL taxes is just more EXAGGERATED CON$ervative BULLSHIT. They pay 50%.

Oh, 50%... yeah, that makes a HUGE difference. You like to split hairs for political expediency but sure can't hack it when they get split back on you.

And the bottom 50% still pays nothing. When're the poor going to pay THEIR fair share?

 

[edthecynic]

Actually if you seized all the income from everyone over 250k to pay the deficit, you'd still fall 400 billion short, having only amassed only once 1.2 trillion.

Of course, since you have then destroyed your tax base, since the top 10% pay around 75% of all taxes, you'll be screwed the next year all the more with over a 75% drop in total revenues having reduced the nation to abject poverty as is the goal for all you socialist fucks.

It typical CON$ervative fashion, when CON$ can't argue against what was actually said, they change the words and create a Straw Man they can argue against.

And saying the top 10% pay 75% of ALL taxes is just more EXAGGERATED CON$ervative BULLSHIT. They pay 50%.

Oh, 50%... yeah, that makes a HUGE difference. You like to split hairs for political expediency but sure can't hack it when they get split back on you.

And the bottom 50% still pays nothing. When're the poor going to pay THEIR fair share?

As I have shown many times on this board, when CON$ are caught in their exaggerated lies, they just lie some more. The bottom 50% pay 15% of ALL taxes!
Lie, er ...., er ...., try again.

 

[saveliberty]

Wealthy people have wealth? Well I never...

 

[rdean]

They got 98% of what they wanted. It was that 2% downgrade they gave to Obama.

 

[Big Fitz]

It typical CON$ervative fashion, when CON$ can't argue against what was actually said, they change the words and create a Straw Man they can argue against.

And saying the top 10% pay 75% of ALL taxes is just more EXAGGERATED CON$ervative BULLSHIT. They pay 50%.

Oh, 50%... yeah, that makes a HUGE difference. You like to split hairs for political expediency but sure can't hack it when they get split back on you.

And the bottom 50% still pays nothing. When're the poor going to pay THEIR fair share?

As I have shown many times on this board, when CON$ are caught in their exaggerated lies, they just lie some more. The bottom 50% pay 15% of ALL taxes!
Lie, er ...., er ...., try again.

Oh, my bad. it's 47%. I figured 3% was within the 'margin of error' for exaggration.

Nearly half of US households escape fed income tax - Yahoo! Finance

About 47 percent will pay no federal income taxes at all for 2009. Either their incomes were too low, or they qualified for enough credits, deductions and exemptions to eliminate their liability. That's according to projections by the Tax Policy Center, a Washington research organization.

Oh and that's from the AP... you know... a REPUTABLE source?

In recent years, credits for low- and middle-income families have grown so much that a family of four making as much as $50,000 will owe no federal income tax for 2009, as long as there are two children younger than 17, according to a separate analysis by the consulting firm Deloitte Tax.

Why aren't they paying THEIR fair share?

The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.

In 2007, about 38 percent of households paid no federal income tax, a figure that jumped to 49 percent in 2008, according to estimates by the Tax Policy Center.

Do I need to continue illustrating how big a liar you are?

 

[Big Fitz]

Sen. Lamar Alexander, R-Tennessee, and Rep. Jeb Hensarling, R-Texas, who both hold GOP leadership positions, told reporters that the current high unemployment rate is proof that short-term stimulus programs, like the payroll tax reduction, don't work.

"I don't sense how this move will install the confidence that small businesses in east Texas and Fortune 50 companies are going to need to take care of the Obama employment gap," Hensarling said.
"We don't need short term gestures, we need long term strategies that build into our system simpler taxes, lower taxes, fewer mandates, lower costs, lower energy costs, more certainty," Alexander said

Paul Ryan made the same argument yesterday on Chris Wallace's show. A payroll tax cut is "temporary," "demand-sided," and is "proven not to work" in the esteemed Budget Committee Chairman's words.

You mean like the LAST one time tax break? No they don't work for sustained growth. They only give a brief bump to consumption, but nothing anyone's going to invest long term for. This is the equivalent of turning the ignition for less than a second on a car with a bad starter. You'll get a noise and then nothing. you gotta keep that key turned till the engine catches.

THAT is why a piddlyass little tax credit doesn't work. But the whole truth doesn't meet your political needs, so... why use it?

 

[Chris]

The Republicans almost destroyed the country with George Bush, now the Tea Party is continues the damage.

But since most Republicans and Tea Party members are over 55, their numbers will slowly die out.

 

[Greenbeard]

THAT is why a piddlyass little tax credit doesn't work.

Lowering the payroll tax is not a tax credit. Try again.

 

[The Rabbi]

Sen. Lamar Alexander, R-Tennessee, and Rep. Jeb Hensarling, R-Texas, who both hold GOP leadership positions, told reporters that the current high unemployment rate is proof that short-term stimulus programs, like the payroll tax reduction, don't work.

"I don't sense how this move will install the confidence that small businesses in east Texas and Fortune 50 companies are going to need to take care of the Obama employment gap," Hensarling said.
"We don't need short term gestures, we need long term strategies that build into our system simpler taxes, lower taxes, fewer mandates, lower costs, lower energy costs, more certainty," Alexander said

Paul Ryan made the same argument yesterday on Chris Wallace's show. A payroll tax cut is "temporary," "demand-sided," and is "proven not to work" in the esteemed Budget Committee Chairman's words.

And he was right on all counts.
None of Obama's "tax cuts" have worked for precisely those reasons. Some of them, like the homebuyers credit, simply shoved demand from the future into the present.
Obama cannot stand a permanent tax cut. But he always lobbies for permanent tax increases. This is partly why things suck.

 

[Big Fitz]

THAT is why a piddlyass little tax credit doesn't work.

Lowering the payroll tax is not a tax credit. Try again.

Give me details of the officially proposed tax cut then. You know, the one that was actually presented in committee, not just blue-skied in the press to see what the reaction would be from non-compoops?

 

[Big Fitz]

The Republicans almost destroyed the country with George Bush, now the Tea Party is continues the damage.

But since most Republicans and Tea Party members are over 55, their numbers will slowly die out.

Like most of the diehard liberals who are pushing 70? How's that spring chicken Bawney Fwank? Or the young buck, Harry Reid?

Did you push too hard and shit your entire brainstem today, or did you make some sort of resolution to be even more fucking stupid than yesterday?

 

[edthecynic]

Oh, 50%... yeah, that makes a HUGE difference. You like to split hairs for political expediency but sure can't hack it when they get split back on you.
And the bottom 50% still pays nothing. When're the poor going to pay THEIR fair share?

As I have shown many times on this board, when CON$ are caught in their exaggerated lies, they just lie some more. The bottom 50% pay 15% of ALL taxes!
Lie, er ...., er ...., try again.

Oh, my bad. it's 47%. I figured 3% was within the 'margin of error' for exaggration.

Nearly half of US households escape fed income tax - Yahoo! Finance



Oh and that's from the AP... you know... a REPUTABLE source?



Why aren't they paying THEIR fair share?

The bottom 40 percent, on average, make a profit from the federal income tax, meaning they get more money in tax credits than they would otherwise owe in taxes. For those people, the government sends them a payment.

In 2007, about 38 percent of households paid no federal income tax, a figure that jumped to 49 percent in 2008, according to estimates by the Tax Policy Center.

Do I need to continue illustrating how big a liar you are?

Along with continuing to lie, CON$ also play dumb.
To recap, the first lie was the exaggerated claim that the top 10% pay 75% of ALL taxes, they pay 50% of ALL taxes. And it was Little Fizzle who mentioned ALL taxes, not income taxes.

Then he followed that lie with the exaggerated claim that the bottom 50% pay NOTHING, when they pay 15% of ALL taxes.

Now he pretends he was off by 3% because he has now moved the goalposts from ALL taxes to INCOME taxes only. CON$ will never admit they are wrong! Mind you I highlighted and capitalized his own use of the word ALL when he brought up taxes, but he still shamelessly pretends he was only talking about INCOME taxes.

Now the reason the bottom half pay no income taxes is because the GOP has been buying votes every election by promising tax cuts. Bush's tax cuts, that CON$ want to make permanent, doubled the non-payers from ~25% to ~50%. So the non-taxpayers are bought and paid for Republican voters.

The Dems are always trying to raise taxes, and if you remember for both Clinton and Obama the GOP said they were raising taxes in the "rich" people who make $31,000 and up, so the Dems are not responsible for anyone making over $31,000 paying no income taxes.

Both Parties spend, the Dems tax and spend and therefore have added little to the national debt, the GOP borrows and spends committing generational theft and running up the bulk of the national debt. But like not taking responsibility for the non-payers, they don't take responsibility for the GOP National Debt and blame the Dems for both.

A flashback to a typical CON$ervative spin during the 2008 election:

$31,850 is the new definition of rich | Presidential Race Blog
March 13, 2008
Written by Michael Vass
How rich do you feel if you are making $31,850 or more?
If you are like most families and individuals in America, I imagine that you don’t. In fact I would say most would feel relatively poor. Not because of a lack of luxury items or failing in a competition with the Jones’ but because of a scarcity of essentials and a knowledge that loss of everything is possible.
Americans in the middle class don’t feel rich because they are the ones losing their homes to the mortgage crisis. They are the ones incapable of affording better colleges (or sometimes any college) for their children. They are the families most often without healthcare coverage and unable to afford medical costs.
And they are the ones that are going to feel even worse if Democrats, and the Presidential candidates Senator Clinton and Senator Obama, get their way. I don’t say this because of some ideal, or dedication to the Republican Party. I say this because that is exactly what they are voting for.

“Obama and Clinton both promise to reverse Bush’s tax cuts for wealthier taxpayers, but the Democratic budget they’ll be voting for would allow income tax rates to go up on individuals making as little as $31,850 and couples earning $63,700 or more.”
​

So, if you make $31,850 or more you may not feel like Bill Gates and Warren Buffett but you are going to get taxed like them.