PeterS wrote:
The argument I was giving Little Balls was that growth was too flat for the handouts he insulated was causing the debt. And it was. The debt was caused by revenue growth which was tied to the downturn and not from anything Obama was doing...
And I do have some questions for you 1) when was there ever a plan to pay off debt? The only time I ever heard it addressed was in the 2000 election where Gore wanted to pay it down and Bush wanted to cut taxes. We cut taxes 2) When did Obama raise taxes on the middle class? 3) When was productivity ever consistently above 4%? 4) Why are you linking the payment of debt to productivity. For that to happen it has to increase income, either business or personal, and than tax revenue needs to increase accordingly. Increases to productivity no longer go to wages so the only way for it to increase revenue is through taxes on business. Since our effective tax rate on business declines year by year I really don't see that ever happening but if you do I would love to have you explain. Also, if productivity ever did increase revenue enough that we could think about paying down debt I am willing to bet conservatives would demand another tax cut instead of paying on debt. What do you think...
Below are historical tax rates and productivity if you would like to use them plus an article on productive to wages--very insightful...
http://taxfoundation.org/sites/default/files/docs/fed_individual_rate_history_nominal.pdfhttp://data.bls.gov/pdq/SurveyOutputServlethttp://www.epi.org/publication/understanding-the-historic-divergence-between-productivity-and-a-typical-workers-pay-why-it-matters-and-why-its-real/The argument I was giving Little Balls was that gr... (
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Again we are going to be forced to argue the semantics of the lateralization of your mis-reading of every utterance of an idea or opinion... Do you work for NBC? Are you completely incapable of thinking beyond the confines of your own skull?
And please, spare us the Al Gore crap. Al Gore and John Kerry together could not figure out how to screw a goat tied to a fence post and Crazy Bernie would want to know if it's free. They epitomize the absolute stupidity of the Leftist in America.
I clearly said “It requires only three elements to be properly used; an ongoing income stream, a repayment plan and, most importantly, intelligent management to execute the plan. “ I do not imply in any way shape or form that these elements exist or have ever existed. They clearly have not...and that's the problem. It's theoretical if that makes it easier for you. In practice it would become fact.
Incidental to your narrow view of what's possible, this country is very, very capable of productivity above 4% and has made runs at it many times in the past 70 years. It first and foremost requires adults working at real jobs, not flipping burgers for Obama at $15/hour or spending a trillion tax paid dollars for shovel ready jobs that never existed in the first place but were an excuse to funnel money to constituents.
When did the lop eared asshole raise taxes on the middle class? From the day he assumed the office. Again, as with all Leftists you equate tax's literally, with legislation, with the IRS. You will never grasp the concept of policy impact on cost of existing. Because of Leftist Democrat money policy alone, just that one aspect (and the Republican, the supposed opposition party refusal to do anything), the American middle class sees less income, zero returns on any attempt at savings, literally zero opportunity to work in high productivity manufacturing environments and greater costs of simple survival than ever before. More of them are out of work than ever. A trite answer could of course be Obama Care...but why go there? Or to environmental, energy or immigration policy... all of which under this president tax the middle class ability to survive.
And now for this post the Coup De Grace of Leftist stupidity; “Why are you linking the payment (the proper terminology here by the way is repayment) of debt to productivity. For that to happen it has to increase income, either business or personal, and than tax revenue needs to increase accordingly. Increases to productivity no longer go to wages so the only way for it to increase revenue is through taxes on business...” This is so f**ked up on so many levels that I can't face it. This is the mantra of Leftist Democrat economics. Barney Frank and Chris Dodd would be proud. But in all fairness, here's a hint;
How about government that shares in the consumption of the products of the economy? A government that is sized to perform only those tasks the government was constitutionally intended to perform and budgeted to spend no more than the aforementioned “consumption” revenue can provide? How about a government that does not tax but rather encourages (somewhat forcefully) independence in retirement and health care savings (Oh my God!!!! individual responsibility?). How about a government that does not waste, literally waste, $1 billion/ hour of it's pathetic existence?
Cut and paste all the bullshit you like. It does not change the reality that we have failed and need to find ourselves or parish. I firmly believe that so long as Leftist Democrats (in America) draw breath, so to speak, so long as a majority believe the rancorous bullshit you obviously believe, we have no chance to right this ship.