I "Topsheeted" and for that I humbly apologize. Everyone is entitled to vacation time. Obama's criticism is deserved because he overdid it. At least that's the perception. He finagled a trip to Denmark under the cover of America's hosting of the Olympics. He was in Nantucket, Cape Cod, New Hampshire and the Florida Coast seemingly back to back to back. Michelle lounged in a 5 star Spanish villa. All of this while Americans were concerned about loss of jobs, rising taxes and debt being piled on to our childrens' backs. Barry gave the impression that his well being trumped everything else. What Bush did is irrelevant. I agree. In fact it's an incredibly stupid proposal. It's been proven that it doesn't work. HIGH-TAX, HIGH-SPEND MODEL STILL DOES NOT WORK We are fully equipped to fight the middle east wars. Our leaders are pussies. Not at all. That looked like a salad in your avatar. Real men are carnivorous.
You make it Bush's actions relevant when you criticize Obama for things you had no problem with Bush for, because he had an R after his name.
on this issue the debate is for economists. i dont see how the layman can have valuable insight into the affect of tax policy on an insanely complex economy. what is the magic tax rate that provides the largest tax receipts? do any of you really know? its probably somewhere between the current low rates and and the high rates of the 50's
I don't see much complexity. You budget for your spending and tax for what you need. The problem is the spending is endless and 40% of the people don't pay a dime.
extend all tax cuts for at least 2 more years, cut spending by double the amount of tax cuts even if it means SS, Medicare, Medicaid, etc. Create huge tax cuts (30% income credits) for private industry in the area of employment, PPE (american made of course), and designate the recycled or paid back TARP funds for repaying the deficit. That is all.
100% tax rates and 0% tax rates both yield zero income for the govenrment. i think the maximum revenue will come from a lower tax rate than most people believe. but you are right, i am not an economist, i dont know. i also dont know that i want to maximize government income. the goal is to grow the economy. if the government is dead broke and in deby, but the economy is buzzing that is good. the economy does well when taxes are low, and taxes should always be as low as possible such that the government is basically barely able to fund itself. in fact the government should be perpetually pressuring itself, cutting things, reducing spending. if we could tell a retarded infant one thing and it was all he would ever know about economics, it should be "lower taxes, always".
No. It should be "balanced spending, always". Cutting taxes without cutting spending only creates debt.
That isn't true. Cutting taxes can generate more revenue. It happened when Kennedy cut the top marginal rates. We have no way of knowing what kind of growth additional cuts would stimulate. What we do know is we spend way too much, and on stupid crap. We should start any debt solution there.
incorrect, cutting taxes ...nevermind just read what supafan said. also, remember, the goal is not a debt-free government, the goal is a growth economy. simply have a balanced budget is not the goal. you will be spending and taxing way too much. again, the goal is not a balanced budget. stop caring about the balanced budget and care about lowering tax burden by any means necessary. this is what leads to growth, and growth is the only thing that matters.
