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Old 02-21-2009, 05:29 PM   #1
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Default Tax cuts begin in april

95% of Americans will begin to get $13/week begining in April. Obama has directed the Treasury to get employers to implement it. Obama further went on to say the American tax payer better not waste that money in spending it in one place. He advises you to only buy a happy meal from McDonalds, 2 days a week and buy a a kids meal from Burger King 1 day a week. The rest should be sent in for his re-election campaign in 2012.

http://news.aol.com/main/obama-presidency/article/obama-tax-cuts-start-april-1/335056
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Old 02-21-2009, 05:34 PM   #2
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Default RE: Tax cuts begin in april

I guess he bumped it up to $65 per family. Source- http://www.pbnation.com/out.php?l=http%3A%2F%2Fnews.yahoo.com%2Fs%2Fnm%2F2 0090221%2Fts_nm%2Fus_obama

Its a miracle how Obama still has his approval ratings. Remember back in the campaign when he promised hundreds of dollars in tax cuts for the middle class? Now we get lied to and get a $65 cut. $65 for an entire family won't fix the economy, put food on the table and pay the mortgage. Obama has to face the reality that no $800 billion and $65 for every family will fix the economy unless he rethinks the whole damn thing and gives it all to struggling families and businesses instead of putting it into infastructure and the Wall Street fat cats.
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Old 02-21-2009, 07:35 PM   #3
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Default RE: Tax cuts begin in april

Correct me ifI am wrong here but didn't Bush cut taxes while trying to fight two wars which is a big part of why we are trillions in debt right now and a big reason why libs hate him so much?

Aren't we still fighting these same two wars?

Won'tcutting taxes farther, even a little bit, simply make paying for the wars that much more dificult and take this country even farther in debt than Bush's tax cuts and Obama's spending spree have already?
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Old 02-21-2009, 08:36 PM   #4
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Default RE: Tax cuts begin in april

unbelievable that Obama voters/supporters can't see the lies that were given to them and that they believed

GW's tax cuts and rebates beat the HELL out of what Obama is doing - and GW didn't ring up a 800 billion dollar cost to our next generation doing it [:@]
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Old 02-21-2009, 10:30 PM   #5
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Default RE: Tax cuts begin in april

Quote:










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Correct me ifI am wrong here but didn't Bush cut taxes while trying to fight two wars which is a big part of why we are trillions in debt right now and a big reason why libs hate him so much?
You are correct, that is the liberal spin on things. However both wars cost less than 1 trillion combined. I've asked many times on this board where did the other trillions go? Entittlements overwhelmingly. Discretionary pending only amounts to about 390 billion out of a budget of 3.2 trillion (that was before Obama's 800 billion increase). Pentagon is around 500 billion. The rest is entittlement programs which are out of control and are heading for a train wreck.
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Aren't we still fighting these same two wars?
Yes but the cost is decreasing.
Quote:
Won'tcutting taxes farther, even a little bit, simply make paying for the wars that much more dificult and take this country even farther in debt than Bush's tax cuts and Obama's spending spree have already?
No it's not the wars that are the problem. It the entittlements that are going to crush us. SS is 6 trillion in the hole. Medicare is well over 50 trillion. I've seen new estimates putting that figure to over 100 trillion. What did Obama, Pelosi and Ried just doin this bill? The increased the amount of folks who will be on the bill for medicare and medicaid. Not very bright when they are crashing fast.
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Old 02-22-2009, 04:23 AM   #6
 
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Default RE: Tax cuts begin in april

Quote:
ORIGINAL: Fieldmouse


The rest is entittlement programs which are out of control and are heading for a train wreck.
No it's not the wars that are the problem. It the entittlements that are going to crush us. SS is 6 trillion in the hole.
[/quote]





FM, SS is not an entitlement
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Old 02-22-2009, 04:33 AM   #7
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Default RE: Tax cuts begin in april

Don't blame Obama. He meant well. He's just beginning to understand that he has to clear everything with Nancy Pelosi first.


Apparently noone noticed the Kalifornia Konnection. Welcome to the Pelosi administration Mr. President.
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Old 02-22-2009, 04:55 AM   #8
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Default RE: Tax cuts begin in april

Quote:
ORIGINAL: RainmakerIII

Quote:
ORIGINAL: Fieldmouse


The rest is entittlement programs which are out of control and are heading for a train wreck.
No it's not the wars that are the problem. It the entittlements that are going to crush us. SS is 6 trillion in the hole.




FM, SS is not an entitlement
[/quote]

No, but the reasonSS is6 trillion in the hole is because government has been robbing SS to pay forentitlements. Probably the biggest fallacy of SS is the fact that government can get their hands on it. People needto wise up and regulate government, not the other way around.

Of course it could be considered an entitlement for someone who has been allergic to work their whole life because of all the otherentitlements.

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Old 02-22-2009, 05:04 AM   #9
 
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Default RE: Tax cuts begin in april

Quote:
ORIGINAL: C. Davis

No, but the reasonSS is6 trillion in the hole is because government has been robbing SS to pay forentitlements. Probably the biggest fallacy of SS is the fact that government can get their hands on it. People needto wise up and regulate government, not the other way around.

C. Davis



I agree with you on that C.Davis, I have always said it should be a lock box. It also would help if wages had increased instep with the GDP, SS was on track until Reagan took office, then became out of step ' wages to GDP growth'.
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Old 02-22-2009, 05:19 AM   #10
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Default RE: Tax cuts begin in april

Quote:
No, but the reasonSS is6 trillion in the hole is because government has been robbing SS to pay forentitlements. Probably the biggest fallacy of SS is the fact that government can get their hands on it. People needto wise up and regulate government, not the other way around.
No SS is an entittlement nothing more. It was always set up as a ponzi scheme from the get go. NO ONE HAS AN ACCOUNT AND NO ONE IS GUARANTEED BENIFITS. Congress has always had the power to cut everyone off completely.

Quote:
I have always said it should be a lock box.
So you feel the SS money should have been stuffed under a mattrees then and the room locked? How would it grow in value? Do you even know the only place thew money by law set up by FDR can be invested?
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It also would help if wages had increased instep with the GDP, SS was on track until Reagan took office, then became out of step ' wages to GDP growth'.
I'm looking forward to you explaination on this one. Everyone except you agrees the ponzi scheme is coming to an end because like all ponzi schemes, the you run out of suckers to steal from. We're now down to2 poeple paying for oneon SS unlike the 42 workers paying for that one pearson. Reagan had nothing to do with it. Here, read and learn.

http://www.gmu.edu/departments/economics/wew/articles/09/TheNationalPonziScheme.htm
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"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
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