Obama's new Federal Income Taxes

I will say this again - where are the Fiscal Responsibility Rangers from last week warning us about the evils of deficits?

Obama followed up his spending package with NOT renewing incredibly irresponsible tax cuts set to expire in 2010 which caused the deficit mess.

Where you boys at? If you cared about your children inheriting debt last week, now you don't?

 

You are obviously unaware of the historical track record of tax cuts leading to higher tax receipts. Do some homework.

Obama's budget is the most fiscally irresponsible proposal in the history of mankind. His deficits in the early years will far outstrip the COMBINED deficits over past 8 years. The tax hikes will only make things worse. He's using the financial crisis to greatly expand government and increase wasteful spending, instead of smartly using the crisis to provide incentives for people to work hard and put money to work. The medicine is worse than the disease.

 

'my dad is better than your dad' - i always feel those are the strongest arguments.

i think if we all read this we can better understand zabtabak's paradigms and worldviews:

http://connection.ebscohost.com/con...ionid=4B6ECC9E60DBE86149BFC3B4FBCF74FE.ehctc1

or not.

 

The tax rates that "made America great" seemed to work best during the 1990's:

 

irony?

 

Ironic because Obama's rates are still lower overall than Clinton's.

 

You are obviously unaware of the historical track record of tax cuts leading to huge mother-fking deficits.

Do you care about deficits or not? Answer the question. Last week you did. This week do you or don't you.

 

So does spending a boat load of money.

 

therefore you raise taxes to compensate.

If you were against spending on the basis of deficits, there is no logical way you can also be against higher taxes to make up those deficits.

The deficit was huge before any stimulus package. If you want to pay it down, the best way to do that is to raise revenues.

 

Sam:

Why not just point out the obvious counterpoint:

Comparatively, those tax cuts have decreased revenues.

 

Or, you cut spending and keep the taxes the same.

I'm just against government spending a ton of money.

 

Since you bring up concern over deficits, are you aware that Obama's budget will have the biggest deficit since WWII? Wow, you are totally uninformed. Do some homework.

 

Homework? God you're a joke.

You're defending perpetual tax cuts on a theoretical concept written down by an amateur economist on a napkin during lunch. The Laffer Curve is an idea, not something with any sort of backing. Laffer himself admitted there's no way to actually quantify the Laffer Curve or any way to figure out if you've hit the optimal tax point. Besides even Laffer would admit that taxes cant be cut indefinitely, his argument was that there is a balance and over taxing at a certain point would lead to less receipts. The few "historical" examples you cite are littered with alternate causalities. And an actual longer term analysis shows quite the opposite.

 

I'm not concerned about deficits in this particular time - your party is the one that is concerned about them. You lectured us all about them for the last month.

 

Hey man, congratulations I am glad you got through college. You worked hard for your MBA. You worked hard for your undergraduate degree. Congratulations. I promise you I'm saying this with a sincere heart, not attempting to be sarcastic at all.

I'm very annoyed reading your posts. Look man, I don't give a rats ass if you are pissed off about losing your extra 15k, but you are going over the top calling poor people worthless and not "working" hard enough to get to where you are at. Like I said, I commend you on studying so hard and putting your ass through hell in college, but to define work as only going about life this way is stupid. I am willing to admit, I been poor all my life. My family immigrated from Mexico (legally) with just enough to get by.

My grandfather and my grandmother were both uneducated. Both worked very hard to get their family where they could but unfortunately they weren't extremely smart plus their families were poor. My grandpa died at the age of 48, in 1977 (never met him btw). My grandma had to tend to six kids. She worked her ass of as much as she could and got them as far as she could get them which was grow up and go work.

My uncles and aunts, some not very smart, but attempted their best to make the best out of life. They worked hard as well. They might not have been working on their MBA's or hell on an associates degree, but they were working just as hard vacuuming buildings and cleaning the toilets. The little that all my family has in savings has been through hard work. Sure, they weren't as proactive as your father to getting to the upper echelon of the United States, but it doesn't mean that they didn't work hard for their money. They had minimal skills, or as you call it "worthless" yet they all got by in life.

I, for one, am really upset how you talk about us poor people. I won't deny that yes, it is upsetting to see individuals who have the opportunity to work, but don't do so and just live off the government. It is upsetting to see them get your hard earned money. And for that part I agree it is unfair for those in our system that are a detriment due to their laziness. But to be mad at the whole lower echelon of the United States that actually give their best attempt at life because you think they are taking your money is ridiculous. Don't be calling them WORTHLESS. You say you are good man, but I don't believe it. "Worthless", that's what you think my echelon is?!? That's a load of ****. I'm glad you donate money to those kids in Yugoslavia, but to turn around and slap us lower echelon people in the face like that, I feel that's a bit hypocrital of you. Perhaps you didn't mean it that way, but that is how it came out.

Thankfully, God has given me the chance to help my family and myself (as well as humanity itself). Those extra 15k you so gladly want back will invest in me, which in turn invests in this country. Want me to tell you why? Sure. I am also in college working my ass off to become a civil engineer (1 more year left). I am also working my ass of to one day get to grad school and be able to attain my MBA and MS in structural engineering. How did I get here? It's very simple, it was through the hard work my family put to getting us to this nation. Those extra percentages rich people are dying over, could really help those of us that are really trying to get up there with you all and try to help the country as well.

I'm sorry you are losing your money, but know that not everyone down here in the hierarchy is out for your money. We aren't singing glories and praising God that your HARD EARNED money is going to pour out the sky for us. Be fair brother, you have had a good life and God has blessed you in many ways, and I'm sure he will continue blessing you. If you don't believe in God, that's fine. But once again, this extra percentage is not going to kill you. It would kill us in the lower echelon because that means sacrificing, something a lot of us do already, but since you are up there, you just don't realize it.

I won't fault you, I know there are people that take advantage of the system and hell, I don't like that either. But most of us are honest people, which many are uneducated and ignorant in a lot of issues. I promise I have tried to do my part to educate my family in issues regarding the economy, issues regarding popping out more babies than you need, issues regarding whatever. Not all of us are these worthless individuals you proclaim us. Many of us have worked hard, my family in particular has done it differently than you have (or your family) but this doesn't make us any less human.

I know it's a long read, but I don't want you to feel sorry for me. That's not what I'm asking. I'm just letting you have it from a perspective who has been depths of the income bracket his whole life (I'm 20) and also letting you know that it's hard to sacrifice 2k when you are only making 20k, as opposed to you sacrificing 15k when you still have 300k to work with.

 

How could you be concerned with them? Obama is trotting out a budget with the biggest deficit since WWII. Ha!

All of this is to fuel his socialist fantasies, which are marketed to the unsuspecting moronic public as being needed to spur economic growth. It's all a lie. This is political opportunism to use a financial crisis to advance a long-held Democratic agenda of wasteful spending and wealth redistribution. American voters (particularly the Obama Sheeple) are too stupid to understand anything he's even talking about. They just nod their heads and say that they are 'inspired' since he's using his 'righteous God-like voice' and furrowing his brow as he mouths words from teleprompters.

 

Get ready for 7.9 more years of it too!

sucks to be you.

 

zantabak = teenager posting from his parents Kingwood basement.