A statement President Obama made halfway through his news conference last week was so unfathomable, so utterly incomprehensible, that befuddled White House stenographers simply gave up and tacked a “[sic]” next to it.
Here is what the president said: “If the American people looked at this, theyd say, boy, some of these decisions are tough, but they dont require us to gut Medicare or Social Security. They dont require us to stop helping young people go to college. They dont require us to stop helping families who’ve got a disabled child. They dont require us to violate our obligations to our veterans. And they dont require ‘job-killing tax cuts.’ [sic]”
Perhaps the idiot in chief needs to read a few pages from the economic platform of JFK...
Quote:
“Our true choice is not between tax reduction, on the one hand, and the avoidance of large federal deficits on the other,” he said. “It is increasingly clear that an economy hampered by restrictive tax rates will never produce enough revenues to balance our budget just as it will never produce enough jobs or enough profits.”
“In short,” he said, “it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now.”
Yes, John F. Kennedy — a Democrat! — had the right idea. He slashed the capital gains tax in 1962 and dropped the top tax rate to 70 percent. Federal tax revenues went up 50 percent, from less than $100 billion in 1961 to more than $150 billion in by 1968.
Young ppl can work to go to college( or they can join the military).
Quote:
Here is what the president said: “If the American people looked at this, theyd say, boy, some of these decisions are tough, but they dont require us to gut Medicare or Social Security. They dont require us to stop helping young people go to college
Just like plenty of ppl in the past have done who couldnt afford it.
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Let others praise ancient times; I am glad I was born in these.-- Ovid (43 B.C.-A.D. 18)
Things ain't what they used to be and probably never was. ~Will Rogers
Tomorrow hopes we have learned something from yesterday.
"Shouldn't someone tag Mr. Kennedy's 'bold new imaginative program' with its proper age?" "Under the tousled boyish haircut it is still old Karl Marx—first launched a century ago.
There is nothing new in the idea of a government being Big Brother to us all. R.Reagan-1960
And they dont require ‘job-killing tax cuts.’ [sic]”
Obviously the mans head is not wired right - everyone cant work for the gov the rest of there lives- doing jobs created just to put ppl to work .( has to be a need for it & something produced)
( not just dig a hole, then fill it in jobs & call it work and producing something usefull))
Taxes kill private sector jobs- even the one kenneddy knew that yep- even tho most of them i doubt had a real job in there lives( as polticans anyways- i dont think of those as real jobs).
Didnt you see the story where omany says he knows his830 billion stimilus worked because there are now more ppl out of work?
More liked proped up the failing schools/edu system , teachers unions, public servents sector etc in states going bankrupt...
( only a costly temp thing but might buy some votes....)
__________________
Let others praise ancient times; I am glad I was born in these.-- Ovid (43 B.C.-A.D. 18)
Things ain't what they used to be and probably never was. ~Will Rogers
Tomorrow hopes we have learned something from yesterday.
"Shouldn't someone tag Mr. Kennedy's 'bold new imaginative program' with its proper age?" "Under the tousled boyish haircut it is still old Karl Marx—first launched a century ago.
There is nothing new in the idea of a government being Big Brother to us all. R.Reagan-1960
Debt & Deficits. Bailout News. Federal Reserve Corruption.
Video - Obankster on jobs and the failed stimulus from yesterday's press conference
The stimulus was a resounding joke, supporting politically important states at the expense of everyone else, and expanding the deficit. $800 billion that accomplished nothing outside of burying your children under an even greater debt burden. Allow me to repeat, we borrow 43 cents of every dollar Washington spends. 43 cents and nothing to show for it.
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Transcript is below:
(Obama)Our biggest priority of this administration is getting the economy back on track and putting people back to work. Now, without re-litigating the past, I am absolutely convinced and the vast majority of economists are convinced that the steps we took in the recovery act saved millions of people their jobs, or created a whole bunch of jobs. And, part of the evidence of that, as you see instances of the recovery act phasing out. When I came into office and budgets were hemorrhaging at the state level. Part of the recovery act was giving states help so they wouldn't have to lay off teachers, police officers and firefighters. As we've seen that federal support for states diminish, we've seen the biggest job losses in the public sector -- teachers, police officers, firefighters, losing their jobs. So, my strong preference would be for us to figure out ways that we can continue to provide help across the board. But I'm operating within some political constraints, because whatever I do, has to go through the House of Representatives. What that means then is, among the options that are available to us is for example the payroll tax cut.
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Coburn: $500K To Study Shrimp On Treadmills, $300k To Study 'Farmville', Gelatin Wrestling In Antarctica, WT
( guess it dosnt show the vedio, same storys on The blaze also link)
__________________
Let others praise ancient times; I am glad I was born in these.-- Ovid (43 B.C.-A.D. 18)
Things ain't what they used to be and probably never was. ~Will Rogers
Tomorrow hopes we have learned something from yesterday.
"Shouldn't someone tag Mr. Kennedy's 'bold new imaginative program' with its proper age?" "Under the tousled boyish haircut it is still old Karl Marx—first launched a century ago.
There is nothing new in the idea of a government being Big Brother to us all. R.Reagan-1960
Tax rates have down dramatically since the 1960s. The highest US income tax rate in 1963 was 91 percent. The highest US income tax rate in 2011 is 35 percent.
Sounds like a good thing to me less taxes( so does a flat tax that applys to all & loss of personal deductions etc)
So gov grows & spends more & more- but one of there cash cow( personal taxes) got smaller -right?.
I can see where that could be a problem.
__________________
Let others praise ancient times; I am glad I was born in these.-- Ovid (43 B.C.-A.D. 18)
Things ain't what they used to be and probably never was. ~Will Rogers
Tomorrow hopes we have learned something from yesterday.
"Shouldn't someone tag Mr. Kennedy's 'bold new imaginative program' with its proper age?" "Under the tousled boyish haircut it is still old Karl Marx—first launched a century ago.
There is nothing new in the idea of a government being Big Brother to us all. R.Reagan-1960
Tax rates have down dramatically since the 1960s. The highest US income tax rate in 1963 was 91 percent. The highest US income tax rate in 2011 is 35 percent.
I'm not quite sure what your point is. Rates are down significantly, but, I'll guarantee that a return to similar rates would result in an exodus of the Bill Gates types to the Turks and Caicos Islands... It is impossible to tax our way out of the current situation. It is impossible to cut enough spending to get us out of the current situation. It is impossible to tax and cut our way out of the current situation. Which leaves one significant option that needs to be thrown into the mix... ECONOMIC GROWTH. The only way that we get out of the current mess is by finding an appropriate balance of tax policy and fiscal restraint that will encourage and produce economic growth. Among the three, tax policy, spending restraint, and economic growth, it is the third leg that will produce the largest results.
I'm not quite sure what your point is. Rates are down significantly, but, I'll guarantee that a return to similar rates would result in an exodus of the Bill Gates types to the Turks and Caicos Islands... It is impossible to tax our way out of the current situation. It is impossible to cut enough spending to get us out of the current situation. It is impossible to tax and cut our way out of the current situation. Which leaves one significant option that needs to be thrown into the mix... ECONOMIC GROWTH. The only way that we get out of the current mess is by finding an appropriate balance of tax policy and fiscal restraint that will encourage and produce economic growth. Among the three, tax policy, spending restraint, and economic growth, it is the third leg that will produce the largest results.
Ah So!!! I have been told that previous tax cuts have resulted in economic growth that has actually produced increased tax revenues. That does sound counter-intuitive at first glance, but I can see how it might work.
Let me see if I have it right. Lower taxes means more money to invest by the people who do the investing. Even huge, ridiculous bonuses given to executives are invested since they don't usually bury their money in the backyard. Investments produce more income to everyone since jobs are increased and even people who don't make enough money to actually invest will have more to spend thus bumping the economy. So even though it seems counter-intuitive, the government will, in the end, collect more in taxes than it did before.
But, but, but, I think it's important to prevent the government from spending that increase in revenue. We need to see that they use the excess to cut taxes even more.
So am I right? Is that the way it goes?
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Proud parents of our own "Daddy's Little Girls"
I heard Jesus He drank wine and I bet we'd get along just fine.
Let me see if I have it right. Lower taxes means more money to invest by the people who do the investing. Even huge, ridiculous bonuses given to executives are invested since they don't usually bury their money in the backyard. Investments produce more income to everyone since jobs are increased and even people who don't make enough money to actually invest will have more to spend thus bumping the economy. So even though it seems counter-intuitive, the government will, in the end, collect more in taxes than it did before.
Key words are: "in the end". In the mean time there is more deficit spending than previously. After the Bush tax cuts, US government tax receipts did not return to 2001 levels until 2006 (constant 2005 dollars).
The only way that we get out of the current mess is by finding an appropriate balance of tax policy and fiscal restraint that will encourage and produce economic growth.
Bingo!!!
There is one huge stumbling block however. Recovery from each succeeding recession may be longer than the preceding one because the US no longer has a robust manufacturing base.
The arguement is no longer higher or lower taxes. Thats just a political farse to take our eye off the ball. The US only generates about 1/3 the money needed to pay the interest on the national debt through taxes. It must borrow or refinance the rest. Therefore to me, its just a silly discussion - taxes are now only about government control - not finance. These d___kheads are talking about cutting 1.7 Trillion over 10-years when we run annual 3-4 trillion budget shortfalls. What a joke! Whats gonna happen to Social Sec, medicaid, medicare, etc when 64 million baby boomers begin to retire? Whats gonna happen on wall street when these boomers are required to cash in their 401K's as the gov't wants their tax (remember it was tax deferred)? We'll be losing 1.7Trillion a month by that point.
Clearly the problem is the beast has gotten too large. As hunters, we know the story of the farmer and the duck - where the farmer builds nesting boxs and puts out food to care for the ducks and soon more and more ducks stay at the pond until the farmer can regularly eat duck dinner.
So too our government cares for us (social security) give us shelter (fannie and freddie - millions living in thier houses still not paying a dime on their mortgage) and "their" duck dinner will be us spending our lives and all our earnings so "they" (our government) can lead a great lifestyle.
Its nearly the defination of Socialism.
Our democracy is dead - our constitution gutted and ignored, our currency at zero - its time to face reality - its time to bring the whole house of cards down! Its time to stop worring about which political party is best - they've both committed treason against the american people!
Obamanomics 101...
