Posted on 07/24/2011 7:44:03 AM PDT by jimbo123
The useless house republicans are merely negotiating the terms of their surrender. They’ve already agreed to raising the debt ceiling, it’s just the trivial details that they are putting on this phony bit of public theater over.
Folks, we’ve been sold out by our politicians and overrun by the masses who are dependent on federal deficit spending in some form.
I’m now convinced that there is no hope of getting this federal government back under fiscal restraint via the ballot box. The house republicans have 100% control of the situation and could force a balanced budget right now simply by not authorizing more debt, but clearly this idea isn’t even on the.table. They don’t need to negotiate - there isn’t a damn thing obama and the dems can do if the house simply refuses to vote for a debt ceiling hike.
LOWER the *&^% ceiling, DON'T raise it - you IDIOT!
Yes it is.
But you have failed to include lower rates in your evaluation. We don't know what those new, lower rates are so we're guessing. But it remains that Boehner said lower rates and that you did not consider that.
Herbert Hoover a Bush in his time.
Hoover was sworn in as the 31st president of the United States on March 4, 1929. By the time his term ended four years later, federal outlays had climbed more than 50 percent in dollar terms; they had almost doubled when measured in purchasing power; and they had tripled as a fraction of national income. "If stimulus is the solution to high unemployment," remarks Santa Clara University economist and law professor David Friedman, "the Great Depression should have ended almost before it began."
Following the Wall Street crash of 1929, the Hoover administration went into spending overdrive. Real federal expenditures climbed by 4.7 percent between 1928 and 1929, but over the next three years they rose, respectively, 8 percent, 17.2 percent, and 15.7 percent. Exclude military outlays, and spending under Hoover exploded by a phenomenal 259 percent. Looking back at the federal government's growth during the 1920s, economist Randall Holcombe points out that in percentage terms, expenditures grew more during the four Hoover years than they would during the first seven years of Franklin Delano Roosevelt's presidency.
” Hoover was sworn in as the 31st president of the United States on March 4, 1929. By the time his term ended four years later, federal outlays had climbed more than 50 percent in dollar terms; they had almost doubled when measured in purchasing power; and they had tripled as a fraction of national income. “If stimulus is the solution to high unemployment,” remarks Santa Clara University economist and law professor David Friedman, “the Great Depression should have ended almost before it began.”
Great post, Scooby!
How do you “broaden the tax base” without effectively raising the rates on the lowest income brackets?
Is THAT how they're saying it's going to be lower taxes? Raise them first, then lower them?!!!
That's the same as gang of 6. When/where did you see/hear that?
Wow I've been watching this about as closely as I can - and I did not know this. Where did you learn this?
PERIOD!!!
You can't read too well. Your myopic anger is apparently partially to blame. Go back and reread. I said what I hear him say, not what is in any agreement.
Do you not get enough attention from your partner? Jeez.
Good question - maybe some of the 49% who pay net zero or negative income tax will be losing some tax credits or deductions?
Know how to do it? Get the truckers to shut down ALL ACROSS the nation.
I would question these truckers. Who do you work for? Yourself or the government?
Imagine what it will do to those who have already bought and who lose it.
I’m on your side as well. Missing the debt ceiling deadline and causing a downgrade in our bond ratings will wind up costing far more in debt service on the national debt. I also like flattening out the tax base...get more of those freeloaders to pay taxes.
The average value of the mortgage interest tax deduction is believed to be valued at $3,000 dollars. I have to question the intelligence of people who would propose making home ownership more expensive during a housing market crash. Clue to DC types: It’s NOT your money.
You simply remove from the tax code some of the vehicles which currently allow people to earn money that does not qualify as "income".
The country's going to be downgraded, regardless. That's been in the cards long since before this crisis became the big story. At our level of debt and the absence of effective leadership to fight it, we are not worthy of a AAA rating.
The downgrade will happen no matter what congress and that abysmal fool in the White House conspire against the American people.
Ok, so now that we’ve established that nobody has any idea what is in Boehner’s proposal, here is a little history for you.
FReepers don’t like jerks and we don’t read replies from jerks. I read the first sentence and knew it was more of the same “I am king of FR and the omniscient one”. KMA you’re neither informative or fun.
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