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  • #76
    Re: Taxes. When is enough enough?

    Originally posted by DuckButter View Post
    When the founding fathers decided the majority of the populace had a right to share in King George's wealth and stole a country from him,...was that Socialism? No, it was treason.....God bless em

    By contemporary neo-con definition, Democracy is Socialism. And they should be reminded the word “democracy” appears nowhere in the Declaration of Independence or the Constitution (The two most fundamental documents of our nation). Instead of a democracy, the Constitution’s Article IV, Section 4, guarantees “to every State in this Union a Republican Form of Government.” We are a Constitutional Republic

    By historic standard, Socialism was another word for Communism, if you think we're anything like Communist, try reading Republican Icon Teddy Roosevelt's "New Nationalism" - He was a stark raving Communist.


    I get that paying down the national debt is important, but if my customers are too broke to pay me to install a 6 yr water heater, I place that second on the list of priorities, if the Koch brothers are THAT worried about it, maybe they can chip in s'more taxes to help out.
    Reeling in a bloated overreaching and wasteful Gov't is first on my list

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    • #77
      Re: Taxes. When is enough enough?

      Sorry duplicate post
      Last edited by johncameron; 07-29-2013, 01:47 AM.

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      • #78
        Re: Taxes. When is enough enough?

        Number one. Thanks to duck butter for pointing out the misuse of Reagan's name in attaching him to the new conservative movement. Reagan was very far indeed from what would nowadays be considered a conservative and would roll over in his grave if he had to deal with idiots like Michelle Bachman, Paul Ryan and the rest of those morons.

        I have been saying for years now that attaching the word progressive as though it were something vulgar to the democrat party is patently stupid, although it seems to have taken hold among the "low information" listeners. The founding fathers and every damn thing that has ever been done to move this nation forward was done by so called progressives while the regressives have done their damnest to maintain the dark ages of repression.

        John, what you have to understand is that even if politicians really, really wants to cut spending the task is nearly impossible. Too many people and too many jobs depend on the status quot. it's a case of damned if you do and damned if you don't.
        sigpic

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        • #79
          Re: Taxes. When is enough enough?

          So, is the deficit going up, down or staying about the same?

          http://www.theatlantic.com/politics/...eption/273583/

          Very interesting don't you think?
          sigpic

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          • #80
            Re: Taxes. When is enough enough?

            Originally posted by NHMaster3015 View Post
            So, is the deficit going up, down or staying about the same?

            http://www.theatlantic.com/politics/...eption/273583/

            Very interesting don't you think?
            True, but Federal debt will still remain unusually high which will have negative consequences.
            "For the next decade—and beyond—the CBO expects that federal debt levels will continue to equal more than 70 percent of the GDP, hitting a low of just less than 71 percent next year before climbing to 74 percent in 2023. As the report notes, that’s a lot higher than the average of 39 percent over the past 40 years. And it’s also a lot higher than it was just a few years ago: In 2007, the federal debt was just 36 percent of GDP. It won’t stop rising at the end of the decade either. After 2023, debt as a percentage of the economywill “continue to be on an upward path.”
            http://reason.com/archives/2013/05/1...est-cbo-budget

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            • #81
              Re: Taxes. When is enough enough?

              Originally posted by NHMaster3015 View Post
              So, is the deficit going up, down or staying about the same?

              http://www.theatlantic.com/politics/...eption/273583/

              Very interesting don't you think?
              True, but Federal debt will still remain unusually high which will have negative consequences.
              "For the next decade—and beyond—the CBO expects that federal debt levels will continue to equal more than 70 percent of the GDP, hitting a low of just less than 71 percent next year before climbing to 74 percent in 2023. As the report notes, that’s a lot higher than the average of 39 percent over the past 40 years. And it’s also a lot higher than it was just a few years ago: In 2007, the federal debt was just 36 percent of GDP. It won’t stop rising at the end of the decade either. After 2023, debt as a percentage of the economywill “continue to be on an upward path.”
              http://reason.com/archives/2013/05/1...est-cbo-budget

              I would rather go down trying, than do nothing

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              • #82
                Re: Taxes. When is enough enough?

                Originally posted by johncameron View Post
                Reeling in a bloated overreaching and wasteful Gov't is first on my list
                Our Government has a list of functions according to the Constitution - the most important function is to serve and protect it's people from totalitarian rule, Tyranny or any threat to Democracy.

                I'm all for government reform, but when I hear politicians who are receiving bribe money from massive corporate entities go on rants about removing government, it gives me pause to think that Tyrants (in the Constitutional sense) are trying to get our government out of the way of their reign.

                I might suggest a web search for the 2006 Citigroup Plutonomy conference - a group of several hundred of the wealthiest people in the world gathered to openly boast they've eliminated Democracy and discussed future plans on how to continue the task.

                When I first heard of this, I thought it was a conspiracy theory, then I researched it and learned this really happened, it really is happening.

                Consider that the SJC Justices who voted in favor of Citizens United, which now allows unlimited anonymous bribery via campaign funding are also connected to Koch brothers and other wealthy interests who have been promoting the "get rid of government" ideology, and it's more than a little scary, it's terrifying....very similar to the behind the scenes strategy Hitler once used to bypass the German Constitution, using scare tactics through Goebels to convince the public that he need to invoke martial law to protect them from Communism..

                Replace the word "communism" with "Socialism" and there's a familiar ring to it today.


                .
                Last edited by DuckButter; 07-29-2013, 02:22 PM.

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                • #83
                  Re: Taxes. When is enough enough?

                  Originally posted by johncameron View Post
                  True, but Federal debt will still remain unusually high which will have negative consequences.
                  The sole source for this highly publicized scare tactic has been a white paper by Reinhart-Rogoff that claimed empirical data proved that once a country's debt to GDP ratio reaches 90% it equated to dramatic slowdowns in growth.

                  It's completely untrue, debunked a year ago.

                  About a year ago, an economics major working on his dissertation found something amazing in the report - a data entry error that completely altered the results.....what's mind blowing is that the error was so ridiculously simple it looks like no one thought to recheck it.

                  What he found is that countries with unusually low debt and countries with unusually high debt, for some strange reason outperformed countries with moderate debt by a slight margin - until a country's debt reaches a massive extreme to the point where they cannot print, sell assets or grow their way out, as was the case for Weimar Germany, who were uncontrollably swamped in ,massive WW1 debt after having sold their assets during that war to fund it. - We are nowhere even close to that scenario, not by an exponential mile.

                  Weimar's mistake was to not negotiate terms of their restitutions, as Greece, Spain, Ireland or Portugal have recently done.

                  The U.S. is currently nowhere near that high, our debt to GDP ratio is actually fine according the revamped R/R white paper.

                  What this means is that both us, Japan, and more so, the E.U. has been pawning massive austerity that has crushed growth - for utterly no reason.

                  In our case, I hate to admit it, but Dick Cheney was partly right when he says "Reagan proved the deficits don't matter", I say partly because we inevitably DO have to reduce debt, but as Keynes stated - it can wait until we have higher growth, it DOES NOT have to be in a slowdown.

                  Clinton proved this, after Reagan bumped the deficit into a parabolic trajectory, Clinton left office with a surplus by balancing the budget in the GOOD times.

                  .
                  Last edited by DuckButter; 07-29-2013, 02:36 PM.

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