News Flash....Wealth isn't a Civil Right

[Xavier_Onassis]

Cut spending and cut taxes = increase employment <--> decreased unemployment & will reduce the debt/deficit as the increase tax revenues start exponentially flowing in once again, that will raise the worth of the dollar

A win/win
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Raising the worth of the dollar means deflation. It means that the dollars required to pay back a loan are worth more than the amount borrowed, and of course, there is interest involved in any loan.

That is NOT what any economist calls a "win/win".

To lower the debt, I agree that SS and Medicare need to be placed in a separate category. THEN taxes need to be raised, especially on the uberrich, because the grotesque maldistribution of wealth in this country is unhealthy and sure to cause all manner of problems. I'd say raise the income tax 5% on all incomes above a million and restore the inheritance tax on estates of 10 million or more at the 20% level. A ½¢ tax on all stock, stock options and commodities options transactions of over $10,000 would also be useful.

[sirs]

Gotta just love that jealous class warfare rhetoric.  Let's just throw an even heavier wet blanket over the entire economy.  Yea, that's the ticket

[BT]

During the debt ceiling negotiations in the face of a Standard&Poor downgrade, how much were the GOP led by Boehner able to come up with in real cuts?  Couple billion?

[sirs]

Yea, it was pretty piddley, when it came down to the rubber hitting the road.  Congress critter Ryan was at least on the right track, with his budget proposal and spending cuts, though his was far short of the needed cuts as well, but at least had a sound blue print to follow

[BT]

So your plan is to continue to allow these clowns to fiddle around the edges and basically do nothing?

[sirs]

Not sure what power you think I possess.  I assure you, I have had no training in the Imperius curse...I'm just a muggle.  My power is in advocating that which would work, which includes the track record to back it up, vs playing political taxing games, at the cost of more economic distress. 

Hint, raising taxes on everyone isn't going to help, nor is it going to give Obama some political black eye, like you think, since the blame will rest on the so called "Republican Congress" (yea, I know the Dems run the Senate, but when's the last time you saw any MSM article taking the Senate to task for not bringing any of the House bills to a vote, much less their failure to pass their own budget, now......how many days late again??)

Nope, start with spending cuts, then we go from there

[Amianthus]

Companies like GE pay no taxes. How many people have they hired since 2008?

Actually, GE had a large tax bill, but they also had numerous (many one time) credits that were applied against those earnings. GE latest reporting was basically a fluke, being able to take all those credits in one year.

Even without tax increases or spending cuts, eliminating credits and deductions would balance the budget instantly. Our entire deficit this year was pretty much equal to the total of credit and deductions taken last year.

[BT]

Hint, raising taxes on everyone isn't going to help, nor is it going to give Obama some political black eye, like you think, since the blame will rest on the so called "Republican Congress" (yea, I know the Dems run the Senate, but when's the last time you saw any MSM article taking the Senate to task for not bringing any of the House bills to a vote, much less their failure to pass their own budget, now......how many days late again??)

Depends on how the idea is implemented and what means of informing the public of the why's and wherefore's for such a program is communicated. The GOP has an expanded audience with the debates. Such a plan should be explained in that venue. And when the clowns at msnbc misrepresent the plan the american public will know them for the liars they are.

[sirs]

If only the MSM would cooperate.  If you get a chance, perhaps a search on what was the highest viewer rating for any of the GOP debates, and how that translated into how many viewers were watching.  Then we can compare that to the daily viewership of the primetime news network shows, and add that to the amount of news paper subscriptions that messers NYTimes, Washington Post, and LA times have

[Plane]

Companies like GE pay no taxes. How many people have they hired since 2008?

Actually, GE had a large tax bill, but they also had numerous (many one time) credits that were applied against those earnings. GE latest reporting was basically a fluke, being able to take all those credits in one year.

Even without tax increases or spending cuts, eliminating credits and deductions would balance the budget instantly. Our entire deficit this year was pretty much equal to the total of credit and deductions taken last year.

This is a neat idea.
Would you want a gradual or a quick change from the many availible deductions to the few?

[BT]

Ratings don't matter when word of mouth is involved. As long as there is an internet and a link the liars can be held accountable. The odds are the MSM would ridicule the idea, which also means that the GOP presented it.

It's kind of like when msnbc took Megyn Kelly to task for claiming that the active ingredient in pepper spray was a food product. Fact is everytime you eat a chicken wing you are tasting the active ingredient in pepper spray.

[Amianthus]

This is a neat idea.
Would you want a gradual or a quick change from the many availible deductions to the few?

Pick a year in the next few. As of that tax year, everyone uses the 1040-EZ form. Pull the rotten tooth.

[Xavier_Onassis]

If only the MSM would cooperate.  If you get a chance, perhaps a search on what was the highest viewer rating for any of the GOP debates, and how that translated into how many viewers were watching.  Then we can compare that to the daily viewership of the primetime news network shows, and add that to the amount of news paper subscriptions that messers NYTimes, Washington Post, and LA times have
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Now that is dumb.
Reading a newspaper does not mean a person AGREES with a newspaper.
Subscribing to a newspaper, which people do for many reasons, does not mean that they read that paper regularly.
People normally subscribe to a newspaper and get it every day.
People do NOT normally watch the same TV channel day after day in the same manner.
It is not possible to subscribe only to Fox or MSNBC

If I tune into hear a GOP debate, I am probably going to pay attention to at least some of what is said, but it does not mean that I will necessarily agree with anything that is said.

The print media and the broadcast media are essentially quite different.

You might as well compare oatmeal and champagne.

[sirs]

Good thing I wasn't then

[Xavier_Onassis]

You never are....anything.

Always right, never wrong.

Master of your domain.

There should be an award of some kind for your ilk.