[Son House]

Illinois Senator Barack ØBama

“I want you to argue with them and get in their face”

I'm in Your Face, I'm Arguing, and I'm Right!

[whitedog57]

1. Democrats were in control of Congress during much of Bush Administration.

2. Federal Reserve, the cause of much of this, is NOT under Federal government control.

So, stop blaming Bush. Blame the FED and the Democrats.

[Son House]

http://fns.blogs.foxnews.com/2009/10/11/the-jobless-recovery/

Businessman Steve Wynn, Chairman and CEO of Wynn Resorts, agreed the most powerful tool the government has is its tax policy.

“The priorities of the administration should have been more directly focused on job creation from the day of the inauguration forward. That’s the thing that changes America,”

“If the government had used its power to restrain its tax collection, they would have given everybody who runs small businesses, large businesses, a chance to hire more people”

[taildragger]

Your Chart noting Revenues at an almost constant 18% is interesting.

We are spending now with the Bamster 22-23% of GDP if my memory is correct but he will take it to 30%.

Steve Forbes was spot on with 17% Flat Tax, give them just a little less than they need. This is where the Fair Taxers are drinking the Kool Aid, their plan is too complicated and will bring back "My Cousin Vinnie" selling Leather Jackets out of the trunk of his Electra 225. Yes I got to see it, it was real, and it will come back with the Fair Tax.

What they need to do is reduce spending and the depletion of the Entitlement Surpluses which would be on top of the marginal reduction in spending from 22% to 17% which is about a 23% cut total. The overall cuts at that point will be draconian, but it may be the only way to save the dollar. Their is no will in Washington to do it, but IMHO it is what the Tea Parties are all about. In our guts we know we are broke and they are not doing the common sensical things that need to be done to fix it.

[Son House]

[Man50D]

Cutting tax rates under the federal income tax codes is merely more tinkering with an increasingly oppressive system that maintains the IRS and the 67,500+ page tax code.

The only effective method for a permanent tax cut is a fundamental change of the tax code structure is to replace all federal income taxes with a national sales tax and abolishing the IRS by passing The Fair Tax Act(HR25/S296). The Fair Tax is the stimulus package necessary to revitalize the economy by erasing the 17% disadvantage US firms compared to their foreign counterparts and will encourage US businesses to return more of their plant assets to the US thereby creating more jobs. Fair Tax ping!

[HenpeckedCon]

President Obama doesn't care that tax cuts bring more revenue into the treasury, he has said he wants to raise taxes out of “fairness.”

[RoadTest]

Certain Democrats forced lenders to loan large quantities of money to people who couldn’t pay it back, thus creating the real estate bust and starting the present recession or depression.

To cover their tracks, the Democrats blamed Bush.

[jmaroneps37]

http://www.collinsreport.net/2009/08/19/fifty-years-of-liberal-policies-forcing-detroit-to-a-60%e2%80%99s-style-%e2%80%9curban-farming%e2%80%9d-communes-to-survive/

[MNJohnnie]

Well done.

[Fredgoblu]

You mention Detroit, so I'll add a current-day example from Michigan:

Last year, Michigan enacted a set of tax credits aimed at making Michigan the most affordable state for the film-making industry. It is paying wild dividends. Many films are now being shot here, and film-makers are even opening up two new studios.

This year, there's been debate that the state "can't afford" to finance these credits. Some legislators want to repeal the credits.

The fun thing about the debate is that our ultra-liberal local sports-writer-turned-radio-host, Mitch Albom has been at the center of the debate, arguing that the lower taxes have helped to create a business-friendly job-friendly environment.

However, nobody (Mitch, included) has asked the obvious follow-up question: If lower taxes are so good for the film-making industry, why wouldn't they be good for ALL OTHER BUSINESSES, too?!?!