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Reply #12: Thirty years of tax cuts and what do we have to show for it? [View All]

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Fumesucker Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Sep-10-11 06:30 AM
Response to Reply #11
12. Thirty years of tax cuts and what do we have to show for it?
Economy sucks? Tax cuts will fix it..

Economy is roaring? Tax cuts will make it even better.

I'm reminded of the Kinks' Have a Cuppa' Tea, just replace "Tea" with "Tax Cuts"

If you feel a bit under the weather,
If you feel a little bit peeved,
Take granny's stand-by potion
For any old cough or wheeze.
It's a cure for hepatitis, it's a cure for chronic insomnia,
It's a cure for tonsillitis and for water on the knee.


Tea in the morning, tea in the evening, tea at supper time,
You get tea when it's raining, tea when it's snowing,
Tea when the weather's fine.
You get tea as a mid-day stimulant
You get tea with your afternoon tea
For any old ailment or disease
For Christ sake have a cuppa tea.

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  -Obama: Gut Social Security Now, Don't Wait Till The Election stockholmer  Sep-10-11 05:07 AM   #0 
  - Insightful commentary.  Mimosa   Sep-10-11 05:15 AM   #1 
  - Not one penny is removed from the Social Security trust fund. The general fund reimburses the  BzaDem   Sep-10-11 05:45 AM   #2 
  - Until the general fund has no money left for it  durablend   Sep-10-11 06:04 AM   #4 
  - The general fund cannot run out of money. The US can borrow, and that is exactly what the  BzaDem   Sep-10-11 06:17 AM   #9 
     - Yes, and costs to the general fund can be used to say that Social Security is not paying for itself.  Pholus   Sep-10-11 06:55 AM   #17 
        - THAT is the the point of it, plus weakening of the notion  hansberrym   Sep-10-11 08:22 AM   #29 
           - Bravo to the plan...  Pholus   Sep-10-11 04:39 PM   #47 
  - Try thinking TWO steps ahead.  woo me with science   Sep-10-11 06:09 AM   #5 
  - so all that means is another $240 billion Increase in the deficit over just the next 12 months that  stockholmer   Sep-10-11 06:13 AM   #8 
  - Yes, the entire point of Keynesian stimulus is to INCREASE the deficit.  BzaDem   Sep-10-11 06:21 AM   #11 
  - Thirty years of tax cuts and what do we have to show for it?  Fumesucker   Sep-10-11 06:30 AM   #12 
  - There is a large difference between marginal tax rate cuts for the rich, and tax cuts for  BzaDem   Sep-10-11 02:30 PM   #39 
  - When the payroll tax cuts come back to take a huge chunk out of our ass...  Fumesucker   Sep-10-11 04:30 PM   #46 
     - You articulating it is going to backfire without any evidence does not mean it will backfire. n/t  BzaDem   Sep-10-11 07:52 PM   #51 
        - So at what point are the payroll taxes going to be raised again?  Fumesucker   Sep-10-11 08:10 PM   #55 
           - Crickets  Bluebear   Sep-11-11 03:37 AM   #58 
           - When the economy gains enough traction that the Fed can resume its normal process of setting  BzaDem   Sep-11-11 04:00 AM   #61 
              - But raising the payroll taxes again is going to be a political act..  Fumesucker   Sep-11-11 05:50 AM   #62 
  - MIC -- which should include the intelligence networks/CIA -- and NO Medicare 4 All -- !!!  defendandprotect   Sep-10-11 09:04 PM   #57 
  - Deleted message  Name removed   Sep-10-11 06:54 AM   #15 
  - Where is the stimulus and where does the hit get offset  TheKentuckian   Sep-10-11 07:23 AM   #20 
     - Obama said the offsets would include closing corporate tax loopholes in the future.  BzaDem   Sep-10-11 03:26 PM   #43 
        - In an ideal world you'd have a targeted refundable credit or better direct hiring  TheKentuckian   Sep-11-11 02:42 PM   #64 
  - Bad for citizens/nation but good for banksters -- cost an additional half a percent to borrow  defendandprotect   Sep-10-11 07:51 PM   #50 
  - Let me get this straight: the $2.6 trillion borrowed from SS so far can't be paid back  MannyGoldstein   Sep-10-11 06:37 AM   #13 
  - Thats the way I see it too  madokie   Sep-10-11 09:43 AM   #32 
  - No, you do not have it right. Both the 2.6 trillion borrowed from SS and the new money owed to the  BzaDem   Sep-10-11 03:28 PM   #44 
  - But Obama, the Republicans, and many Democrats are trying to change the statute  MannyGoldstein   Sep-10-11 05:55 PM   #48 
     - We need to unite on Social Security -- hire a 100 or 200 Erin Brockovich's .... and let's find  defendandprotect   Sep-10-11 07:59 PM   #52 
        - +  Bluebear   Sep-11-11 04:42 PM   #65 
  - Well, what's the tab-- $1 BILLION every day in interest? How many nations do we owe ... ???  defendandprotect   Sep-10-11 08:06 PM   #53 
  - You're right, they don't take pennies from the trust fund, they take billions. Clinton  Exilednight   Sep-10-11 06:54 AM   #16 
  - sure -- let's comingle funds to blur the protections that SS always had  Donnachaidh   Sep-10-11 07:43 AM   #23 
  - Exactly ... SS was never intended to run a surplus ... which was carried in General Budget ...  defendandprotect   Sep-10-11 08:09 PM   #54 
  - Lenders, including China, can say NO.  Mimosa   Sep-10-11 09:46 AM   #33 
  - Right - and assets in the trust fund have no value  Yo_Mama   Sep-10-11 12:36 PM   #38 
  - Think it's further proof that the mission is to destroy Social Security not to get re-elected ...  defendandprotect   Sep-10-11 05:49 AM   #3 
  - That is crystal clear. And probably the reason we got stuck with Obama in the first place.  SammyWinstonJack   Sep-10-11 02:51 PM   #40 
  - They don't want to destroy it. They just want it in the hands of the Free Marketz!  leftstreet   Sep-10-11 02:54 PM   #41 
     - They want to destroy it as far as any benefit to citizens is concerned .....  defendandprotect   Sep-10-11 07:47 PM   #49 
  - Deleted message  Name removed   Sep-10-11 06:11 AM   #6 
  - This is foolishness!  mfcorey1   Sep-10-11 06:11 AM   #7 
  - Spam  Bluebear   Sep-10-11 06:17 AM   #10 
  - Deleted message  Name removed   Sep-10-11 06:45 AM   #14 
  - LOL hart/edwards '12!!1!!  dionysus   Sep-10-11 11:07 AM   #36 
  - Who is actually running this country?  B Calm   Sep-10-11 06:57 AM   #18 
  - ...  woo me with science   Sep-10-11 07:02 AM   #19 
  - Best government global corporations can buy. . .  B Calm   Sep-10-11 07:37 AM   #22 
  - "Congress is under the control of the oil and coal industries" .... Al Gore/Rolling Stone  defendandprotect   Sep-10-11 09:03 PM   #56 
  - "Congress is controlled by oil and coal industries" --- We need to wake up fast--!!!  defendandprotect   Sep-12-11 01:13 AM   #66 
  - k&r (nt)  enough   Sep-10-11 07:27 AM   #21 
  - I'm going to go into business ...picking up dead old people in the streets.  L0oniX   Sep-10-11 07:50 AM   #24 
  - Nonsense article.  JoePhilly   Sep-10-11 07:54 AM   #25 
  - nonsense back at you, if you honestly believe that most job loss is due to GOP governors cutting  stockholmer   Sep-10-11 08:12 AM   #26 
     - Ok .... and then ....  JoePhilly   Sep-10-11 08:17 AM   #27 
        - the stimulus (in the form it took) was a bust, the inflation it created actually made things worse  stockholmer   Sep-10-11 08:39 AM   #30 
  - Best damn Democracy money can buy  Autumn   Sep-10-11 08:19 AM   #28 
  - Unrec.  MineralMan   Sep-10-11 09:40 AM   #31 
  - Recommend. nt  TBF   Sep-10-11 10:03 AM   #34 
  - total garbage...don't waste time reading Obama hate nonsense  adhd_what_huh   Sep-10-11 11:04 AM   #35 
  - Thanks for kicking  Bluebear   Sep-10-11 02:54 PM   #42 
  - Only Nixon could go to China.....  blindpig   Sep-10-11 11:11 AM   #37 
  - It is incredible, and it didn't happen.  elleng   Sep-10-11 03:37 PM   #45 
  - Unrec. n/t  Tx4obama   Sep-11-11 03:56 AM   #59 
  - Social Security is in NO danger of being weakened by a payroll tax holiday.  Tx4obama   Sep-11-11 03:59 AM   #60 
  - No as in zero? Wishful thinking, when do you think it will be politically plausible  TheKentuckian   Sep-12-11 01:57 AM   #67 
  - ..  mdmc   Sep-11-11 06:10 AM   #63 

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