Re: Why Taxes are Going to Have to Go Up
- From: "Jean Paul" <jobbahut@xxxxxxxxxxx>
- Date: Tue, 13 May 2008 19:44:56 -0500
"Thumper" <jaylsmith@xxxxxxxxxxx> wrote in message
news:2vl504d9d3o4mnjgcbpdhhhkrpi9e16h9v@xxxxxxxxxx
On Sun, 13 Apr 2008 19:27:38 -0500, "Jean Paul" <jobbahut@xxxxxxxxxxx>
wrote:
Did they also tell you to pay your debts?
"Lawrence Akutagawa" <lakuNOSPAM@xxxxxxxxxxxxx> wrote in message
news:FvvMj.3872$iK6.2456@xxxxxxxxxxxxxxxxxxxxxxx
Ha!. You ask a question that you should already know the answer for and
"Jean Paul" <jobbahut@xxxxxxxxxxx> wrote in message
news:48027984$0$20163$4c368faf@xxxxxxxxxxxxxxxxx
Neat dodge/evasion. Now...about answering my question to you?
"Lawrence Akutagawa" <lakuNOSPAM@xxxxxxxxxxxxx> wrote in message
news:CArMj.1012$FF6.845@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The very first thing the Republicans should do re-read their party
"Jean Paul" <jobbahut@xxxxxxxxxxx> wrote in message
news:4802257c$0$4091$4c368faf@xxxxxxxxxxxxxxxxx
OK - tell me...exactly what do you do when your income falls short of
"Lawrence Akutagawa" <lakuNOSPAM@xxxxxxxxxxxxx> wrote in message
news:nsoMj.19959$%41.11942@xxxxxxxxxxxxxxxxxxxxxxx
That is pure conjecture, and as you stated in your first
"Rumpelstiltskin" <PleaseDoNotReplyByEmail@xxxxxxxxxxx> wrote in
message news:l1h304t8iietj6tlsm09g3v00uvoiej4i7@xxxxxxxxxx
On Sun, 13 Apr 2008 06:24:25 GMT, "Lawrence Akutagawa"[chuckle] Typical off topic emotion laden, ad hominem, knee jerk
<lakuNOSPAM@xxxxxxxxxxxxx> wrote:
With all due respect, anybody who can't see the mess
"mg" <mgkelson@xxxxxxxxx> wrote in message
news:fts4l5$p69$1@xxxxxxxxxxxxxxxxxxxx
Some reasons that come to mind:Golly gee - I have a more simple, straightforward
1. The U.S. government owes Social Security about $4 trillion.
Indications
are that Social Security is going to need this money back.
2. The AMT tax time bomb. The middle class faces a huge tax
increase
unless the AMT tax is repealed. The reduction in tax revenues
from
repeal
is expected to be between $800 billion and $1.5 trillion in
federal
revenues over 10 years. If the tax is repealed the government is
going to
need to get the money some place else.
3. The Iraq war. We have already paid about $500 billion for the
Iraq war,
but total costs are estimated at about $2-$3 trillion.
4. The national debt is currently about $9.5 trillion and our
deficit
spending is currently being financed largely by foreign countries
(e.g.,
China) at low interest rates. It's probably also being financed
by
printing-press money. The U.S. savings rate is the lowest it's
been
since
the great depression. So, the government can't borrow from it's
citizens.
Common sense tells you this situation can't go on forever.
explanation....the
Democrats are going to win the presidency and both houses of
Congress
this
fall. No more need be said.
the country has gotten into because of running up the
debt by not collecting enough taxes to cover the
spending they were doing and could plainly see, even
disregarding the meaningless war, by now, has to be
an idiot.
Or a Republican, there doesn't seem to be any
difference. Idiots and Republicans both think debt can
be run up to the skies with no consequences. Well,
here come the consequences, but like people who
can't pay off credit card debts they ran up because
they don't got no sense at all, the Republicans are
floundering around now, in this newsgroup and
elsewhere, pointing fingers everywhere trying to blame
somebody, anybody, else. Sorry, no sale.
response. The issue is not how we got to where we got, but "Why
Taxes
are Going to Have to Go Up." Clearly - clearly - Congress has not
the gumption, intestinal fortitude, and just plain financial
discipline to cut back on expenses even now. Earmarks and pork
barreling have not stopped - and will not stop. A couple of tens of
millions is tossed there, a few hundred million there. (Where oh
where is the successor to Proxmire's Golden Fleece award?) When you
or I find that our income can not sustain our expenses, some of us
able to do so will increase our debt to generate funds to cover
those
unpaid expenses- as long as the lenders are willing - willing - to
lend to us. When such lenders are no longer available, we either
cut
back on our expenses or declare bankruptcy. Most of us don't go out
and rob our neighbors or relatives to increase our income to cover
the
unpaid expenses - we scrutinize our expenditures and cut back on
them.
Congress, on the other hand, has no such compunctions as per going
after the American taxpayer for the needed funds to cover its
expenditures. Put a Democratic President and a Democratic Congress
together, and you have...in my opinion...the perfect storm for tax
raising. The only possible saving grace that I personally see is
that
an Obama - someone somewhat more of an outsider to the Democratic
powers that be - would present more of a balance as contrasted to a
Clinton - who is right smack dab amongst those same Democratic
powers
that be.
sentence...emotion laden, ad hominem, knee jerk response.
What we do know is that you put together a Republican Pres. and a
Republican Congress and what you get is more spending, more war, and
more need for higher taxes to pay for their idiocy.
your expenses?
platform.
The very next thing they should do is come clean with the American
people
and tell them that they are just Democrats with fundamentalist
religion.
then avoid the further dialog for the real political problems faced by
taxpayers.
As I was taught as a child; when the cost of living gets too high, you cut
back on living.
You live within your means, whatever that may be. I highly recommend it
for
our government and anyone else.
JP
Thumper
Actually no. They taught me not to get into debt in the first place. In
other words, if I couldn't afford to pay for it, I didn't get it. Delayed
gratification. Buying only what I could afford to pay for. If I didn't have
the money to pay for it, I saved my money till I had enough. Those kinds of
things.
JP
.
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