Visit the U.S. Politics Online Discussion Forum Archives!

Sponsored by:

U.S. Politics Online: A Political Discussion Forum  

Bookmark Us! E-Mail DONATE NOW! Photo Gallery Document Archives Quiz! Register to Vote!!!
Go Back   U.S. Politics Online: A Political Discussion Forum > Current Events > Breaking News in Politics
Register Blogs FAQ Members List Calendar Mark Forums Read

Breaking News in Politics A forum to discuss what is going on in the political world today.

Reply
 
LinkBack Thread Tools Display Modes
  #46 (permalink)  
Old 02-24-2009
Citizen

 
Member Since: Feb 2009
Location: Ohio
Posts: 4

   
Re: Obama's fiscal responsiblity summit

Quote:
Originally Posted by Danny View Post
I will tell you in my next sentence how it will help the economy. Bicycle infrastructure needs to be built. This will create jobs. I don't know how the correlation can be any clearer.

So what about smoking cessation? You'll recall that Obama has consistently said there is money in the plan to help plan for the long term. People not needing health care for lung cancer will save money in the long term. Why are you against such planning? I understand people are mad that this kind of thing was in a stimulus bill but in the end, it probably would have been opposed by the other side on its own anyways. Better to slip in in now don't you think?
So the government has the right to decide if we can smoke or not? Sounds a lot like a governement we tried and tried to destroy only about 60 years ago. It's like he's trying to enstill a Socialist-Dictatorship, where everyone is equal, except they can't do anything on their own. Where do we draw the line? When they tell us when and where we can blow our noses? How about now? Shouldn't people have the right to put their own lives at risk? Why not outlaw alcohol? Hell, skydiving and mountain climbing, too? And you put yourself at risk everytime you drive a car, so banned as well?

On top of that, the taxes put on the sale of tobacco produce an insane ammount of money every year for the government, and in all honesty, it looks Obama is going to need that...

So, because it would be opposed by the other side it's better to be slipped in to something being promoted as "saving the nation." Sounds pretty sneaky to me. And sounds like betrayal of the American people to me. You want to pass legislature such as this, pass it in plain sight, let the general American people know exactly what your doing. Don't put ribbons and bows on it and hide it in a "stimulus package."



Quote:
Originally Posted by Danny View Post
The amount that the taxes are being raise will have a negligible effect on the people and businesses who its affecting. You make it seem as if taxes were doubled.

You sir, are ignorant. The slightest raise in taxes can, in essence take thousands, if not millions from most major American corporations. We're talking about multi-billion dollar corporations. 1% of a billion dollars is a prolific CEO, or about 20 floor workers. You don't think any tax raise will affect business, then you have no idea how the American business cycle works. If for nothing else, it gives them a reason to make cuts and expand their bottom line. Raising taxes, in any percentage, is crippling to the American economy, especially in a time of crisis such as now.
Reply With Quote
  #47 (permalink)  
Old 02-24-2009
daddio's Avatar
Vice President

 
Member Since: Jun 2008
Location: the south
Posts: 9,789

United_States     Virginia

Re: Obama's fiscal responsiblity summit

Quote:
Originally Posted by Scio View Post
I don't remember him saying that he was going to immediately withdraw all troops. I remember him saying that he would begin to withdraw troops immediately.

And again, Afghanistan and Iraq are different situations.


they both cost money and thats what this conversation is all about
__________________
Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Jesus loves you, allah wants you dead

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand
Reply With Quote
  #48 (permalink)  
Old 02-24-2009
solletica's Avatar
Secretary of State

 
Member Since: Dec 2005
Location: USA
Posts: 3,535

   
Re: Obama's fiscal responsiblity summit

Quote:
Originally Posted by Danny View Post
You guys make it seem like Obama has a history of deception. Like any politician he has bent the rules on occasion (not making a bill public before signing it, waiving ethics rules for his cabinet) but other than that I can't see where this hatred for him stems from? Your apprehension is shocking.
The mainstream media likes him. That means he sucks.
__________________
Reply With Quote
  #49 (permalink)  
Old 02-24-2009
Citizen

 
Member Since: Feb 2009
Location: United States
Posts: 24

   
Re: Obama's fiscal responsiblity summit

Quote:
Originally Posted by Greyhounds Dad View Post
Barack Obama in his own confused words.


YouTube - Obama - Iraq Troop Withdrawal
He was talking about a full withdraw in the summer of 2007... In the same clip you show that more recently he said that would not be the case. So what is your point again?
Reply With Quote
  #50 (permalink)  
Old 02-24-2009
Danny's Avatar
Secretary of State

 
Member Since: Mar 2004
Location: Montreal, Canada
Posts: 4,028

Canada     United_States

Re: Obama's fiscal responsiblity summit

Quote:
Originally Posted by Nep188 View Post
So the government has the right to decide if we can smoke or not? Sounds a lot like a governement we tried and tried to destroy only about 60 years ago. It's like he's trying to enstill a Socialist-Dictatorship, where everyone is equal, except they can't do anything on their own. Where do we draw the line? When they tell us when and where we can blow our noses? How about now? Shouldn't people have the right to put their own lives at risk? Why not outlaw alcohol? Hell, skydiving and mountain climbing, too? And you put yourself at risk everytime you drive a car, so banned as well?

On top of that, the taxes put on the sale of tobacco produce an insane ammount of money every year for the government, and in all honesty, it looks Obama is going to need that...

So, because it would be opposed by the other side it's better to be slipped in to something being promoted as "saving the nation." Sounds pretty sneaky to me. And sounds like betrayal of the American people to me. You want to pass legislature such as this, pass it in plain sight, let the general American people know exactly what your doing. Don't put ribbons and bows on it and hide it in a "stimulus package."






You sir, are ignorant. The slightest raise in taxes can, in essence take thousands, if not millions from most major American corporations. We're talking about multi-billion dollar corporations. 1% of a billion dollars is a prolific CEO, or about 20 floor workers. You don't think any tax raise will affect business, then you have no idea how the American business cycle works. If for nothing else, it gives them a reason to make cuts and expand their bottom line. Raising taxes, in any percentage, is crippling to the American economy, especially in a time of crisis such as now.
I think you are totally confused. There was never any mention of forcing people to do anything. Please inform yourself.

As for the taxes, you are overstating the case again and you are fear mongering. It will absolutely positively not have the effect you mentioned.
Reply With Quote
  #51 (permalink)  
Old 02-24-2009
daddio's Avatar
Vice President

 
Member Since: Jun 2008
Location: the south
Posts: 9,789

United_States     Virginia

Re: Obama's fiscal responsiblity summit

Why does everyone ignore the fact that most of those 250K are small businesses and not Wall Street fat cats ?
__________________
Socialism doesn't create a rising tide that lifts all boats. It drains the lake and teaches the boat riders not to help themselves by rowing.

Jesus loves you, allah wants you dead

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand
Reply With Quote
  #52 (permalink)  
Old 02-24-2009
Tim's Avatar
Tim Tim is offline
President

 
Member Since: Sep 2004
Location: US
Posts: 10,501

United_States    
Re: Obama's fiscal responsiblity summit

Quote:
Originally Posted by jotathought View Post
I see several problems, but I'll mention just two:

1. Raising taxes during a recession is a surefire way to prolong it.
2. Raising taxes on capital gains will lessen investments in a time when we need more -- investors create jobs and if the reward for taking risks becomes too small, they'll take advantage of safer investments that don't create businesses.

Sounds like Democrats are trying the same thing all over again while anticipating a different outcome.
And that says it all.

An increase in taxes always slows the economy, but in a recession its negative impact is increased. Removing money from the private sector and giving it to Washington at a time when assets are falling in value across the board is not an example of economic policy - it is an example of left-wing ideology applied to the economy.

In addition to the direct negative impact, it sends a clear message to the world: the US is not addressing the recession with pragmatic policy but with anti-growth ideology.
__________________
My good blade carves the casques of men,
My tough lance thrusteth sure,
My strength is as the strength of ten,
Because my heart is pure.


"Sir Galahad," by Alfred, Lord Tennyson (1834)
Reply With Quote
  #53 (permalink)  
Old 02-24-2009
DisgruntledCali's Avatar
Active Citizen
Old School American

 
Member Since: Feb 2009
Location: California
Posts: 85

United_States     California

Re: Obama's fiscal responsiblity summit

After analyzing all of the economic geniuses in the White House, and their new proposed policies, one might be drawn to a conclusion that someone ELSE is in charge. How could the White House make so many errors in judgment on accident? Impossible!

Hypocrites! And they know that the main stream media will cover them until it is all too late. Insanity.

Give him a chance! What? Until it's too late?

Think about how many FUNDAMENTAL NATIONAL CHANGES are taking place in a matter of 40 days. If you cannot see your freedom dying off, then I am afraid you are a bit blind in ideology.
__________________
We need REAL accountability, NOW.
Reply With Quote
  #54 (permalink)  
Old 02-24-2009
Tim's Avatar
Tim Tim is offline
President

 
Member Since: Sep 2004
Location: US
Posts: 10,501

United_States    
Re: Obama's fiscal responsiblity summit

Quote:
Originally Posted by Jason Marcel View Post
...Part of the big problem that didn't help in the Depression Era was that Hoover cut taxes among the top bracket from about 73% to the mid-twenties. The country only began getting out of the depression when they went back to the old formula and raised taxes back up to 65% on the top. ....
Stunning.

This is entirely false.

The reality is exactly the opposite of this.

Roosevelt pushed through enormous tax increases and smashed the fragile recovery of the mid 1930s with a battering ram.

The economy was sent spiraling downward into the second half of the depression.

GDP contracted by 5% in 1938 alone. The plunge began in the fall of 1937. That was eight years after the Great Depression started

Amd what "old formula" are you talking about?

The 1930s are the great historical example of the disastrous impact of tax increases in the middle of an economic downturn.
__________________
My good blade carves the casques of men,
My tough lance thrusteth sure,
My strength is as the strength of ten,
Because my heart is pure.


"Sir Galahad," by Alfred, Lord Tennyson (1834)
Reply With Quote
  #55 (permalink)  
Old 02-24-2009
jviehe's Avatar
President

 
Member Since: Jan 2004
Location: Tallahassee, FL
Posts: 16,175

United_States    
Re: Obama's fiscal responsiblity summit

Quote:
Originally Posted by Tim View Post
And that says it all.

An increase in taxes always slows the economy, but in a recession its negative impact is increased. Removing money from the private sector and giving it to Washington at a time when assets are falling in value across the board is not an example of economic policy - it is an example of left-wing ideology applied to the economy.

In addition to the direct negative impact, it sends a clear message to the world: the US is not addressing the recession with pragmatic policy but with anti-growth ideology.
They arent even giving it to washington. THey are take it from people who have the greatest impact on productivity (wealthy, businesses), and redistributing it to people to have the least (poor, unemployed). And in the middle a portion of it goes to buearocrats for admin costs.
__________________
"To take from one, because it is thought his own industry and that of his father has acquired too much, in order to spare to others who (or whose fathers) have not exercised equal industry and skill, is to violate arbitrarily the first principle of association, "to guarantee to everyone a free exercise of his industry and the fruits acquired by it."

-Thomas Jefferson
Reply With Quote
  #56 (permalink)  
Old 02-24-2009
Aerothrottle's Avatar
City Mayor

 
Member Since: Dec 2008
Location: USA
Posts: 212

United_States     Texas

Re: Obama's fiscal responsiblity summit

Here's the deal as I know it. A trillion dollars does not just fall out of the sky whenever Obama signs his name.

Now that the stimulus package is signed, our government has to decide how to fund it.

Four choices come to mind:

1. Print it and flirt with inflation

2. Tax it and negate the spending (Kinda defeats the purpose)

3. Sell treasurys to whomever can afford to buy them and (this is key) trusts that they will realize a return on investment, (that's our tax money that will have to be collected from us and our kids and our employers at some future date to pay off the treasury notes when they mature, so it's still tax, just not right now) Suppose we are in no better shape then to pay those taxes in the future then we are today, that's my concern if I am China.

4. Cut wastefull spending.

Obviously we'll do some of each of the first three. We'll push the envelope of inflation with as much seigniorage as we can get away with, tax whatever entities appear to have cash laying around (idle capital only as taxing away anything that is slated to fund new production would be counterproductive)yea right... and finally sell treasurys to China and Japan, but they have to believe we are going to be fiscally responsible (hence tonight's speech and the flip flop from January "now is no time to worry about the defecit" rhetoric) or they might not be interested in the risk. I'm not sure how much money they have to spend anyway both their economies are hurting now too.

The fourth option will get no play. We could cut wasteful spending. I'd drop the war on drugs before the war in Afghanistan. Hell, if pot and opium were legal, Afghanistan might become a good trading partner. Trading partners are friendly. So, as opposed to spending billions on the futile effort to stop mutually beneficial exchanges between consenting adults, we could tax the shit and make money. What do you suppose is the swing between the red ink and the green? According to Jeffery Miron a Harvard economist, roughly 80 Billion per year.
__________________
Homo Homini Lupus? Its OK, I don't bite...hard.
Reply With Quote
  #57 (permalink)  
Old 02-24-2009
CSA's Avatar
CSA CSA is offline
Joint Chiefs of Staff Member
I am a fiscal conservative, but fairly moderate socialy

 
Member Since: Feb 2009
Location: ARIZONA
Posts: 1,454

United_States     Arizona

Re: Obama's fiscal responsiblity summit

Michelle Malkin Priceless video: “Bailout Prize Patrol” confronts AIG, Geithner, Sen. Snowe


This is a GREAT video It shows how insane this bailout and spending bonanza actually is...
__________________
http://www.BHOCOUNTDOWN.com



Obama is a man who could deliver a snap judgment about a Boston police officer who arrested an "obstreperous" Harvard professor-friend, but would warn Americans against "jumping to conclusions" about a mass murderer at Fort Hood who shouted "Allahu Akbar."
Reply With Quote
  #58 (permalink)  
Old 02-24-2009
DisgruntledCali's Avatar
Active Citizen
Old School American

 
Member Since: Feb 2009
Location: California
Posts: 85

United_States     California

Re: Obama's fiscal responsiblity summit

Awesome video. Hilarious and true.

0:30 and 0:40 are priceless. A nice "before and after" reaction.

*Large crowd chants* CSA... CSA... CSA... CSA... Si se puede!
__________________
We need REAL accountability, NOW.
Reply With Quote
  #59 (permalink)  
Old 02-24-2009
President

 
Member Since: Jul 2005
Location: USA
Posts: 18,539

United_States     Russian

Re: Obama's fiscal responsiblity summit

Quote:
Originally Posted by Danny View Post
I will tell you in my next sentence how it will help the economy. Bicycle infrastructure needs to be built. This will create jobs. I don't know how the correlation can be any clearer.
And that's what it comes down to. The stimulus is just there to create make-work jobs to keep people busy. It gives people money for doing things no more important than sitting on their asses. You may as well just fucking give it to them. You realize that money is worth what you can buy with it, right? If you print it just to give it to people that create and do bullshit, then you are doing no more than giving people paper.
Quote:
So what about smoking cessation? You'll recall that Obama has consistently said there is money in the plan to help plan for the long term.
I guess Obama better start funding alcohol cessation and fast food cessation.
Quote:
People not needing health care for lung cancer will save money in the long term. Why are you against such planning? I understand people are mad that this kind of thing was in a stimulus bill but in the end, it probably would have been opposed by the other side on its own anyways. Better to slip in in now don't you think?
And while you're at it, explain how funding museums is going to help us out of this. Let me guess, it's going to pay people to do more bullshit?
Reply With Quote
  #60 (permalink)  
Old 02-24-2009
Imperator's Avatar
Moderator
Audiatur et altera pars!

 
Member Since: Sep 2006
Location: San Jose, Ca
Posts: 22,826

United_States    
Re: Obama's fiscal responsiblity summit

Quote:
Originally Posted by Jason Marcel View Post
I feel bad for Obama personally, because a year ago it wasn't like he was sitting around just itching to be President in order to sign off on the largest stimulus package in American history.
well frankly as the most liberal senator, he just may have. I mean, you need more proof?

Quote:
Some comments here are knee-jerk comments that can't be backed up by fact. Raising taxes on those who can afford it can help keep the gov't solvent as revenues go down.
Well when he decides on whom is rich let me know....do I need to go though the litany? 500k then 250k then 200...now stimulus is held back from those above 70 and 140K ...so you tell me.

Quote:
Part of the big problem that didn't help in the Depression Era was that Hoover cut taxes among the top bracket from about 73% to the mid-twenties. The country only began getting out of the depression when they went back to the old formula and raised taxes back up to 65% on the top.
what tim said, you have it completely backwards....


Quote:
That's pie-in-the-sky, but geez, think about the Great Depression! The world had half the population, water and food was abundant, there was no reason for things to go so bad.
yea the despression..you do realize that europe came our of theirs way ahead of us right? Wonder why?


Quote:

There's no reason why the deficit can't be halved in 4 years, but you have to get out of Iraq and finally just close up shop in Afghanistan, which is the biggest waste of time and money.
its gonna take alot more than that, and I thought afghanistan was the "good" war? No? Oh I see....



Quote:
You think another decade in Afghanistan will get us over the hump?
Iraq was proclaimed an abject failure in 06 soooooooo

Quote:
American ought to nationalize it's banks immediately, since the people trust gov't to run it better than the actual bankers.

And the oil industry ought to be forced to bailout the auto industry, if not, nationalize them too.


Quote:
Just get in there and reform the damn thing already. It is obvious that American businessmen and women do not know how to run their industries properly, so we the people will have to set things up and just do it ourselves.

ahh yes and goverment knows how to run their show eh? Uhm hello Freddie fannie, social security, medciare.....?


Quote:
There's so many big problems right now, and American politicians are just whining themselves into a depression because it's ingrained in the American spirit that socialism is bad.

Well, it's not bad. The countries that have their arms strictly around the necks of big banks and major industries with tough regulations will get out of this far sooner than America will.
you may wish to reside in France or sweden if you wish, I don't wish to, but since you're Canadian , oh only half the time, whatever, well, forgive me if I say no thx and you are welcome to migrate to either when the feeling moves you.

Quote:
It's still hilarious how Republicans supported doubling the debt under Bush, all too glad to "stimulate" the economy by redistributing wealth to their friends, and don't want anything to do with the notion of helping out the middle to working classes.
I have asked you, lets see3 times so far, to quantify that statement,
this is no. 4.......care to give it a go?
__________________

"The captain has turned off the `No Dubbing' sign. You are free to speak any language you choose."
Reply With Quote
Reply

Bookmarks

Thread Tools
Display Modes

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 On
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -7. The time now is 09:53 AM.


Powered by vBulletin® Version 3.8.3
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.2.0
Copyright © 2000 - 2009 U.S. Politics Online