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Response to BlueStreak (Reply #15)

Fri Oct 5, 2012, 02:11 AM

42. You also forgot his corporate tax cut

He also plans to cut the rate Subchapter C corporations pay, or don't pay in a lot of cases, from 35 to 25 percent.

Oh, but he plans to immediately demand that Congress cut five percent from non-defense spending, "reducing the deficit by $20 billion." I just googled it and the deficit is somewhere around $1.4 trillion. When the deficit is $1400 billion, $20 billion is a rounding error.

I am sorry, kids, but we currently have a choice. We can balance the budget NOW and fix the private sector's problems later, or we can fix the private sector now and use the increased tax revenue to plug the fiscal holes we've got. If you want to balance the budget, you triple taxes, decimate spending, go after the most significant tax evaders like the republican candidate for president, and basically send the private sector to hell in a handbasket. (This is what Ceaucescu did to fix his trade deficit and Romania is STILL fucked up over it.) If you want to fix the private sector you trot out one of those great old Reagan quotes the teabaggers don't want to talk about (it went 'deficits don't matter') and start spending in ways that will stimulate the economy--if you want to stimulate the manufacturing sector, you find 100 high-priced, high-demand products that could be manufactured right now, pay people to build factories to make them, buy everything that can't find markets in the US, and sell it overseas using the profits to help pay for the program. If you want to stimulate the energy sector AND the manufacturing sector, you send government inspectors to every refinery, find anything that could fail and blow the place up and fix it at a low cost so "a major fire in a TexxonMobvron refinery will halt production there for nine months" can't shove gasoline prices through the roof.

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Texas Lawyer Oct 2012 OP
fleur-de-lisa Oct 2012 #1
renate Oct 2012 #2
no_hypocrisy Oct 2012 #3
central scrutinizer Oct 2012 #7
awoke_in_2003 Oct 2012 #10
jmowreader Oct 2012 #40
bucolic_frolic Oct 2012 #4
Cosmocat Oct 2012 #18
jmowreader Oct 2012 #41
Cosmocat Oct 2012 #44
BlueStreak Oct 2012 #5
muriel_volestrangler Oct 2012 #14
BlueStreak Oct 2012 #15
Cosmocat Oct 2012 #21
BlueStreak Oct 2012 #25
LineLineLineLineNew Reply You also forgot his corporate tax cut
jmowreader Oct 2012 #42
BlueStreak Oct 2012 #45
jmowreader Oct 2012 #46
BlueStreak Oct 2012 #47
Lasher Oct 2012 #6
emulatorloo Oct 2012 #8
DallasNE Oct 2012 #13
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