Tilted Forum Project Discussion Community  

Go Back   Tilted Forum Project Discussion Community > The Academy > Tilted Economics


 
 
LinkBack Thread Tools
Old 05-08-2011, 06:00 AM   #41 (permalink)
warrior bodhisattva
 
Baraka_Guru's Avatar
 
Super Moderator
Location: East-central Canada
Quote:
Originally Posted by ralphie250 View Post
correct me if im wrong but it seems to me that the democrats are trying to keep raising the debt limit, if that is the case then we'll never be able to pay it back and the economy will get worse. am i wrong??? can we (the people) view the budget plan?
Quote:
Originally Posted by dc_dux View Post
The Democrats? Bush and the Republican Congress raised the debt ceiling four times between 2001 and 2006 (and again in 07, with a Dem Congress.)
It's not really about whether it's raised or who raises it so much as by how much it's raised and in relation to increases in GDP. In a way, it's akin to an individual who requests more credit cards or increases their credit limit as their earning potential increases. Whether they pay off their current debts is another matter. However, the risk of increased debt limits is mitigated by the increase in earning power.

__________________
Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön

Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot

Last edited by Baraka_Guru; 05-08-2011 at 06:02 AM..
Baraka_Guru is offline  
Old 05-08-2011, 06:08 AM   #42 (permalink)
 
dc_dux's Avatar
 
Location: Washington DC
Quote:
Originally Posted by Baraka_Guru View Post
It's not really about whether it's raised or who raises it so much as by how much it's raised and in relation to increases in GDP. In a way, it's akin to an individual who requests more credit cards or increases their credit limit as their earning potential increases. Whether they pay off their current debts is another matter. However, the risk of increased debt limits is mitigated by the increase in earning power.

I agree and the long term solution requires that we address the debt in a manner that can most effectively begin to pay it down.

IMO, that would be a combination of spending cuts, entitlement reform AND tax increases,

And that should be separate from the current need to raise the debt again, which, if we fail to do so, could have significant adverse economic impacts just as the economy is slowly recovering.

For the Republicans to complain about raising the debt again after having done so four times as a result of the impacts of the Bush 01 and 03 tax cuts, the 03 Medicare prescription drug reform enacted w/o a revenue offset, 10 years of war spending in Iraq, etc. is a playing politics with the debt and a bit hypocritical.
__________________
"The perfect is the enemy of the good."
~ Voltaire

Last edited by dc_dux; 05-08-2011 at 06:11 AM..
dc_dux is offline  
Old 05-08-2011, 07:15 AM   #43 (permalink)
warrior bodhisattva
 
Baraka_Guru's Avatar
 
Super Moderator
Location: East-central Canada
Quote:
Originally Posted by dc_dux View Post
I agree and the long term solution requires that we address the debt in a manner that can most effectively begin to pay it down.

IMO, that would be a combination of spending cuts, entitlement reform AND tax increases,
Who are you trying to be all sensible?
__________________
Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön

Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
Baraka_Guru is offline  
Old 05-08-2011, 07:27 AM   #44 (permalink)
 
dc_dux's Avatar
 
Location: Washington DC
Quote:
Originally Posted by Baraka_Guru View Post
Who are you trying to be all sensible?
But I aspire to be a robber baron.
__________________
"The perfect is the enemy of the good."
~ Voltaire
dc_dux is offline  
Old 07-24-2011, 05:23 PM   #45 (permalink)
Addict
 
Location: Seattle
Quote:
Originally Posted by ralphie250 View Post
ok, so, why are we paying less taxes? tax cuts??? ok if so then to me (being a ignorant person to some of the political aspects) it seems that is why we are seeing so many things that are being cut at so many levels. is that right???
why did we have so many tax cuts? is it so we (the people) would vote them into office (wichever one it may be)?? if thats the case then whose to blame? the government, or the people?
if its the people then we have no one to blame but ourselves, right???


sorry for the ignorance.
you don't remember the "George Bush tax cuts"

I clearly remember getting a check for a tax refund of around $3-500 and prior to GB, I usually got $300-400 dollars back in my tax returns, now I get around $1200 +/-

and no, I didn't vote for him, either time, I remember the distinct feeling he was bribing the general "I don't pay much attention to politics" type of people.

I'm just a lower middle class work a day guy. I'm fine with putting more money into the kitty if we can afford better beer for the keg party. but I'd prefer it if the alcoholic Military Industrial Complex doesn't crash the party and drink it all up.
__________________
when you believe in things that you don't understand, then you suffer. Superstition ain't the way.
boink is offline  
Old 07-24-2011, 07:33 PM   #46 (permalink)
immoral minority
 
ASU2003's Avatar
 
Location: Back in Ohio
Some flyers may not see savings from expired taxes - Yahoo! News

Why do I have a feeling that more tax breaks and reduced spending will just be going towards increased profits?
ASU2003 is offline  
Old 07-24-2011, 09:39 PM   #47 (permalink)
Mine is an evil laugh
 
spindles's Avatar
 
Location: Sydney, Australia
Quote:
Originally Posted by boink View Post
I remember the distinct feeling he was bribing the general "I don't pay much attention to politics" type of people.
It sucks that democracy spends a lot of time pandering to the lowest common denominator. Leading up to an election it is all about promising short term gain for everybody in order to get voted in. Tax cuts as mentioned in this thread are exactly that - politicians with no will to do "the right thing".
__________________
who hid my keyboard's PANIC button?
spindles is offline  
Old 07-25-2011, 07:54 AM   #48 (permalink)
Psycho
 
ralphie250's Avatar
 
Location: Georgia
Quote:
Originally Posted by boink View Post
you don't remember the "George Bush tax cuts"

I clearly remember getting a check for a tax refund of around $3-500 and prior to GB, I usually got $300-400 dollars back in my tax returns, now I get around $1200 +/-

and no, I didn't vote for him, either time, I remember the distinct feeling he was bribing the general "I don't pay much attention to politics" type of people.

I'm just a lower middle class work a day guy. I'm fine with putting more money into the kitty if we can afford better beer for the keg party. but I'd prefer it if the alcoholic Military Industrial Complex doesn't crash the party and drink it all up.
i dont really remember it. im only 30. and i just started getting into politics in the last 5 or 8 years so i understand whats happening. i dont like to be left in the dark.
__________________
tomorrow i'm taking me fishing, hang a sign on the door of my life,
tell the world i've gone missing and i wont be back for a while.

Quote:
Originally Posted by Ourcrazymodern? View Post
Don't go to work for anybody who cares about anything other than your work performance. Such prejudiced idiots will never profit you.
ralphie250 is offline  
Old 07-25-2011, 03:48 PM   #49 (permalink)
Addict
 
Location: Seattle
ok Ralphie...I think I paid a bit more attention than you when you were...23 or so. but I don't read near as much as alot of the people here. it's hard reading, I think anyway. NPR, PBS news, BBC news on PBS and reading the debate here is about all I can take. and I don't think that's really enough, it doesn't deal with the local level of politics. being a truly informed voter is really alot of homework. to me it's unrealistic for the average person to really get ahold of it all.

I don't mean to sound like I was being snarky with you.
__________________
when you believe in things that you don't understand, then you suffer. Superstition ain't the way.
boink is offline  
Old 07-26-2011, 08:04 AM   #50 (permalink)
Psycho
 
ralphie250's Avatar
 
Location: Georgia
Quote:
Originally Posted by boink View Post
ok Ralphie...I think I paid a bit more attention than you when you were...23 or so. but I don't read near as much as alot of the people here. it's hard reading, I think anyway. NPR, PBS news, BBC news on PBS and reading the debate here is about all I can take. and I don't think that's really enough, it doesn't deal with the local level of politics. being a truly informed voter is really alot of homework. to me it's unrealistic for the average person to really get ahold of it all.

I don't mean to sound like I was being snarky with you.
no, youre good. im sure you did pay more atteention than i did. youre right it does take alot of homework to know all the goods and the bads. some people know it and others dont.
sont worry, were good
__________________
tomorrow i'm taking me fishing, hang a sign on the door of my life,
tell the world i've gone missing and i wont be back for a while.

Quote:
Originally Posted by Ourcrazymodern? View Post
Don't go to work for anybody who cares about anything other than your work performance. Such prejudiced idiots will never profit you.
ralphie250 is offline  
Old 07-26-2011, 04:41 PM   #51 (permalink)
Living in a Warmer Insanity
 
Tully Mars's Avatar
 
Super Moderator
Location: Yucatan, Mexico
Quote:
Originally Posted by boink View Post
I'm just a lower middle class work a day guy. I'm fine with putting more money into the kitty if we can afford better beer for the keg party. but I'd prefer it if the alcoholic Military Industrial Complex doesn't crash the party and drink it all up.
I like this, nice.
__________________
I used to drink to drown my sorrows, but the damned things have learned how to swim- Frida Kahlo

Vice President Starkizzer Fan Club
Tully Mars is offline  
Old 07-26-2011, 05:01 PM   #52 (permalink)
Future Bureaucrat
 
KirStang's Avatar
 
IIRC, Federal Income Tax around WWII was around 90%. So much for 'taxed enough already' and 'our greatest generation.'
__________________
Quote:
Originally Posted by Lieber Code on the laws of war
"Men who take up arms against one another in public war do not cease on this account to be moral beings, responsible to one another and to God."
KirStang is offline  
Old 07-26-2011, 05:17 PM   #53 (permalink)
Living in a Warmer Insanity
 
Tully Mars's Avatar
 
Super Moderator
Location: Yucatan, Mexico
For the highest earners, yes. In 1944 the tax rate for those earning more then 250K a year was 94%. The highest rate stayed pretty high until 1980 when it went from 70% to 35%.
__________________
I used to drink to drown my sorrows, but the damned things have learned how to swim- Frida Kahlo

Vice President Starkizzer Fan Club
Tully Mars is offline  
Old 07-26-2011, 08:37 PM   #54 (permalink)
immoral minority
 
ASU2003's Avatar
 
Location: Back in Ohio
And the deficit spending of the 80s was born.
ASU2003 is offline  
 

Tags
tax


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -8. The time now is 11:40 PM.

Tilted Forum Project

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Search Engine Optimization by vBSEO 3.6.0 PL2
© 2002-2012 Tilted Forum Project

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360