More of the same BS

[conservative-atheist]

http://www.foxnews.com/politics/2010/09/06/obama-propose-massive-tax-breaks-businesses-invest-growth/

Now, this would normally seem like a good thing ....... but without off-setting spending cuts, its essentially the same as charging on our Chinese issued credit card.

Next week, we'll see if Conservatives in Congress have the balls to ask for matching spending cuts.

We've been playing this same BS game for last 10 years!

[conservative-atheist]

. . . . . and here we have the perspective from the Wall Street Journal

http://online.wsj.com/video/a-pro-business-plan-from-obama/015E0ADC-04B3-4DC9-A715-C6BE9A427A40.html

[conservative-atheist]

Would-be Speaker Boehner goes along with President Obama's Class-Warefare tax plan

http://www.washingtontimes.com/news/2010/sep/12/boehner-backs-tax-cuts-limited-middle-class/



. . . . . and from the Financial Times:

http://www.ft.com/cms/s/0/98f723d2-be98-11df-a755-00144feab49a.html

[FireDog]

1. As for the tax credits for business, it's not a tax cut. He will want to pick winners and losers. If anything it will be like the "Cash for Clunkers" farce. It won't do anything for the long haul.

2. Like Boehner said, if it's all or nothing (Dems still control Congress) it's better to keep the taxes where they are for the middle class than let them all expire. I'd rather keep them all but sometimes you do have to compromise, especially when the other guys hold all the face cards.

[conservative-atheist]

1. As for the tax credits for business, it's not a tax cut. He will want to pick winners and losers. If anything it will be like the "Cash for Clunkers" farce. It won't do anything for the long haul. My thing is, and please give me your take on this. How is this any different than the previous administrations policy? What good does it do to have tax cuts, that aren't offset by corresonding spending cuts. If we don't cut spending, its nothing put a big credit card purchase.





2. Like Boehner said, if it's all or nothing (Dems still control Congress) it's better to keep the taxes where they are for the middle class than let them all expire. I'd rather keep them all but sometimes you do have to compromise, especially when the other guys hold all the face cards.But essentially, he's signing up for Pres. Obama's campaign promise. He always said that he wanted to keep the middle class takes rates the same, and let the rate cuts expire for the top bracket. 18 months hasn't changed anything .......... all the hyper-partisan bickering and what-not to only turn around and agree with the guy?

This just goes to show that its nothing but pure BS from both sides.

[FireDog]

The economy is not a zero sum game. When tax rates are cut government revenue increases. Kennedy knew it and economists, except Keynesian economists, know it.


But essentially, he's signing up for Pres. Obama's campaign promise.

Would you rather see all of them expire? Just asking. I guess Boehner could keep all the cuts if he took Obama, Reid, and Pelosi hostage.

Gotta go, football's on!

[conservative-atheist]

The economy is not a zero sum game. When tax rates are cut government revenue increases. Kennedy knew it and economists, except Keynesian economists, know it. So you're saying that the short term DEFICIT that it will create, will be overtaken by economic expansion, thus increasing revenues?



Would you rather see all of them expire? Just asking. I guess Boehner could keep all the cuts if he took Obama, Reid, and Pelosi hostage.Either keep them all at the same rates, or let them all expire.

[FireDog]

So you're saying that the short term DEFICIT that it will create, will be overtaken by economic expansion, thus increasing revenues?


That's been the case in history. Now however, I'm not sure because of Obamacare and tripling the deficit. But I do know that increasing taxes on the rich will decrease revenue. The rich have ways that the middle class don't to avoid the increase. IE: If health care kicks in at 50 employees, they keep them at 49.