Future Tax Increase

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  • Mon, Apr 18, 2011 - 02:36am

    #1

    dshields

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    Future Tax Increase

The CBO says the spending cuts the repubs and dems fought over for 2 weeks came to 322 million dollars.  There is a 1 trillion plus budget deficit for 2010 and it is not clear what the deficit is going to be for 2011 but it seems to be of a similar nature.  We appear to be unable to control spending.  There is going to be a national emergency if the politicians can not control spending.

http://www.heritage.org/Research/Reports/2011/04/Tax-Day-2011-Deficit-Spending-Hides-Future-Tax-Hikes

 

  • Tue, Apr 19, 2011 - 02:42am

    #2

    Johnny Oxygen

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    YesAaarrgghhh Its sooo

Yes

Aaarrgghhh

Its sooo frustrating. You don’t have to know much to see that the ‘budget agreement’ was complete BS. It’s just so strange that it’s accepted and not challenged.

C’mon people!

For the love of Mike!

  • Wed, Apr 20, 2011 - 12:45am

    #3
    logBurner

    logBurner

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    No Choice

Middle class is the only demographic to rob 🙁

Taxes will increase. Stupid poor have nothing to loot – please, don’t shoot the messenger. BTW the deficit is not designed to be paid off, that would get us off the hook. Again, sorry to bring bad news. Check interest rates on credit cards – that will give you some insight, do the poor have any credit facility?

  • Wed, Apr 20, 2011 - 03:03pm

    #4
    Carodox

    Carodox

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    paying off the debt

Seeing we are in lala land already, if the Fed can create money out of thin air, why can’t the government repay it out of thin air? 

I’m not sure what this would look like but t hey seem to come with the unimaginable time and time again.

 

  • Wed, Apr 20, 2011 - 09:59pm

    #5

    Robert Gardner

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    posted this elsewhere….

Originally posted this last year on another site I think. Still true:

“Current politics is best represented by a two headed dragon. Politicians pay lip service to opposing ideologies but both the Republican and Democratic parties are part of the same big government dragon body. The body is moving in one direction; bigger and more powerful government. More control over the electorate. Having the two parties serves a greater purpose though….it divides the populace (sheeple?) into two camps that are always at each others’ throat. I think this tactic is called divide and conquer. Until we wake up and get away from the ‘Repubs this….’ or ‘Dems that….’ blame game then we will be slowly boiled…just like the frog in the frying pan…all while the dragon stands by watching and laughing.”

  • Thu, Apr 21, 2011 - 02:59am

    #6

    dshields

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    r101958 wrote:Originally

[quote=r101958]

Originally posted this last year on another site I think. Still true:

“Current politics is best represented by a two headed dragon. Politicians pay lip service to opposing ideologies but both the Republican and Democratic parties are part of the same big government dragon body. The body is moving in one direction; bigger and more powerful government. More control over the electorate. Having the two parties serves a greater purpose though….it divides the populace (sheeple?) into two camps that are always at each others’ throat. I think this tactic is called divide and conquer. Until we wake up and get away from the ‘Repubs this….’ or ‘Dems that….’ blame game then we will be slowly boiled…just like the frog in the frying pan…all while the dragon stands by watching and laughing.”

[/quote]

Dude, you just might be right.  I did not use to think so but after the last budget deal where the repubs caved in to the max I am starting to reconsider my position.  I cut more grass off my yard than they cut off the budget.  There has to be cuts, and I mean big cuts, historic cuts, then and only then might we escape the fall we are heading for – if it is not too late already.  Pretty sad.

 

  • Thu, Apr 21, 2011 - 08:24pm

    #7

    mainebob

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    A solution…

Hi r101958,

“Current politics is best represented by a two headed dragon.
Politicians pay lip service to opposing ideologies but both the
Republican and Democratic parties are part of the same big government dragon body.

The body is moving in one direction; bigger and more powerful government.
More control over the electorate. Having the two parties serves a greater purpose though….
it divides the populace (sheeple?) into two camps that are always at each others’ throat.
I think this tactic is called divide and conquer. Until we wake up and get away from the
‘Repubs this….’ or ‘Dems that….’ blame game then we will be slowly boiled…
just like the frog in the frying pan…all while the dragon stands by watching and laughing.”

Well, here’s one way that the frog can leap to safety….
It’s the WinWinRevolution.org….   A newly formed group:

“What WWR proposes is
Capitalism+Democracy+Charityism (Where Charityism
is the mature form of government spending, capped
and graded)

Capitalism rewards the rich for helping the
middle. Charityism helps the poor. Democracy keeps
it from falling into the wrong hands.

And can you imagine how our economy will boom once
our people are united behind a sustainable capped
and graded government that has solved the ethical
issues we have today with capitalism?”

More details in this CM thread:
https://www.peakprosperity.com/forum/win-win-revolution-must-watch/56576

I’m excited and hopeful that this could keep us from boiling to death. 

-Bob O

 

  • Thu, Apr 21, 2011 - 10:30pm

    #8

    Thomas Hedin

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    Why does everyone leave out

Why does everyone leave out the fact that someone has to borrow from the banking system and pay interest to the banking system before anyone can “spend”?

  • Sat, Jul 02, 2011 - 07:37am

    #9
    JennahL

    JennahL

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    I’ve read a news that talks

I’ve read a news that talks about the debt ceiling.  There is a fierce debate underway in the United States over the country’s “debt ceiling”.
You may be scratching your head as to what exactly a “debt ceiling” is, and why politicians are so up in arms over it.  When we talk about debt ceiling is simply a cap on how much money the US federal government can owe. In the news, they have mentioned that President Obama dealt with the debt ceiling in a White House press conference Wednesday. He was especially critical of House republicans not willing to increase the debt ceiling if taxes are raised. The president suggested congress shout “address their sac red cows” and “get it done.”. Predictable, responses to the conference have been divided along party lines. I read this here: Obama blasts Republicans on debt ceiling

  • Sat, Jul 02, 2011 - 12:46pm

    #10

    Dogs_In_A_Pile

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    Welcome

[quote=JennahL]

I’ve read a news that talks about the debt ceiling.  There is a fierce debate underway in the United States over the country’s “debt ceiling”.
You may be scratching your head as to what exactly a “debt ceiling” is, and why politicians are so up in arms over it.  When we talk about debt ceiling is simply a cap on how much money the US federal government can owe. In the news, they have mentioned that President Obama dealt with the debt ceiling in a White House press conference Wednesday. He was especially critical of House republicans not willing to increase the debt ceiling if taxes are raised. The president suggested congress shout “address their sac red cows” and “get it done.”. Predictable, responses to the conference have been divided along party lines. I read this here: Obama blasts Republicans on debt ceiling

[/quote]

Jennah –

Welcome to CM.com.  As you know, there are lots of moving parts to the problems facing everyone today and the debt ceiling is but one of them.

Have you watched Crash Course yet?

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