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Vancouver Off-Topic / Current EventsThe off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.
How about a debit of 10 trillion when he took over (the total debit of all US Govts since the country formed) and 14 trillion and counting now in 2 1/2 years. Can't blame W for that 4 trillion...obama owns this one.
Obama is responsible for some of those debts, but a lot of that is on interest and spending from BUSH. BUSH's tax cuts for the rich was worth over $3 Trillion dollars.
But at least Democrats can at least acknowledge that cuts need to be decreased.
Republicans (well the freshman Tea Douche-baggers), are basically holding the country hostage cause they won't even consider raising revenue by means of Tax Reforms. Even if the Dems cut taxes by $5 Trillion, they still would be against increasing revenue.
The amount of debt the US has has increased since the 80s, and not surprisingly, that's when the majority of Republicans lobbied the bitch out of Washington to reduce tax rates. Republicans sold the country to corporations.
Apple, a company that just made $9.5 Billion dollars before taxes this last quarter can afford to pay more tax.
The majority of people agree CUTS need to be needed, and TAX REFORMS are needed.
"Only about one-third of Republicans agree that cutting government spending should be the country's top priority. Only about one-quarter of Republicans insist the budget be balanced without any tax increases."
"Unemployment is a more urgent problem than debt."
"The deficit is a symptom of America's economic problems, not a cause."
"The place to cut is health care, not assistance to the unemployed and poor."
-The United States provides less assistance to the unemployed and the poor than almost any other democracy. It spends 60% more per person on health care than almost any other democracy -- and gets worse results. The problem is not that Americans use too much medicine. People in other countries use more. The problem is that Americans pay too much for the medicine they use. Go where the money is, cut where the waste is grossest.
I guess that if you insist that all Republicans are rich people...and incidentally, 50% approx of US citizens do not pay any federal taxes...then you could say that those who pay taxes don't want to pay more to those who don't? Can you blame the Republicans for not wanting to pay even more? If you worked hard and made lots of money and your brother freeloaded off you, would you be in favour of someone telling you that you must give him more of your money? The one thing to remember about redistributing wealth....it always those who work hard for it, being forced to give it to those who didn't.
The plan I hear being batted around says that there will be cuts totaling a trillion dollars over the next ten years in future spending increases> No actual cuts, just saying that you won't spend an increased sum of money that you don't have and counting that as a savings?> Gee, I'm not going to buy a new Bugatti...so now I just saved 3/4 million$$ so I can use that savings to do some more cash advances on my line of credit.
Originally posted by CRS I would make a comment in regards to your intelligence but I don't think that you would appreciate the full mockery of that comment.
In other words..
I would love to insult you but you wouldn't understand.
I guess that if you insist that all Republicans are rich people...and incidentally, 50% approx of US citizens do not pay any federal taxes...then you could say that those who pay taxes don't want to pay more to those who don't? Can you blame the Republicans for not wanting to pay even more? If you worked hard and made lots of money and your brother freeloaded off you, would you be in favour of someone telling you that you must give him more of your money? The one thing to remember about redistributing wealth....it always those who work hard for it, being forced to give it to those who didn't.
Decreasing the burden for the top 1% and increasing it for the bottom who are least able to handle it doesn't make any sense at all. If you made say 1 million/year and your brother was completely broke, not helping him out would make you an asshole.
Dropping revenue isn't getting talked about enough. Cutting spending doesn't do anything about this.
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Originally Posted by MajinHurricane
who would ban me? lol. Look at my post count.
Last edited by Nightwalker; 08-01-2011 at 08:08 PM.
I guess that if you insist that all Republicans are rich people...and incidentally, 50% approx of US citizens do not pay any federal taxes...then you could say that those who pay taxes don't want to pay more to those who don't? Can you blame the Republicans for not wanting to pay even more? If you worked hard and made lots of money and your brother freeloaded off you, would you be in favour of someone telling you that you must give him more of your money? The one thing to remember about redistributing wealth....it always those who work hard for it, being forced to give it to those who didn't.
There are many people that were born in the ghetto, from poor parents, etc etc and it's extremely difficult for them to move up the social class in order to earn more money to pay taxes. How is forcing someone that can't even afford to pay food to pay additional taxes fair??
Where as the wealthy can hire people and lawyers to lobby the government to reduce taxes and setup tax loopholes. Also hiring accountants to take advantage of the "interpretation" of these rules.
They can also lobby for deregulation that allows bankers to fuck up the economy. . . .and then get bailed out! . . and continuously try to bring down wages and lower the standard of living for people.
I actually even support many republican policies however their stance against taxes is just fucked up.
I don't even know why the tax topic is even up for debate anymore as even Warren Buffet, one of the richest guys in the world even declares that the tax system isn't fair, and that the rich have a responsibility to pay their fair share.
Buffet paid a tax rate of 17%, if you make more than $11,088 a year in BC, you have a higher tax rate than him.
If we are not able to ask skeptical questions, to interrogate those who tell us that something is true; to be skeptical of those in authority, then we're up for grabs..
-Carl Sagan
"There are many people that were born in the ghetto, from poor parents, etc etc and it's extremely difficult for them to move up the social class in order to earn more money to pay taxes. How is forcing someone that can't even afford to pay food to pay additional taxes fair?? "
In the US these people do NOT pay taxes....let alone additional taxes.
LONDON (Reuters) - Technology company Apple is now worth as much as the 32 biggest euro zone banks.
That's the stark result from a steep fall in the share price of banks including Spain's Santander, France's BNP Paribas, Germany's Deutsche Bank and Italy's Unicredit, compared to a steady rise in Apple's valuation, according to Thomson Reuters data.
Earlier on Friday the DJ STOXX euro zone banks index fell 4 percent, valuing its 32 members at $340 billion. That's based on the market capitalization of their free-float shares, which for some French banks in particular is less than 100 percent.
The index has crashed by a third since the start of July, hammered by fears banks will lose billions from their holdings of euro zone government bonds and a failure of policymakers to stop a euro zone debt crisis from spreading.
The euro zone banks have lost three-quarters of their value since peaking in May 2007.
In contrast, Apple's market capitalization has soared to $340 billion on the back of the success of innovative technology products like iPods, iPhones and iPads.
(Reporting by Steve Slater; Data analysis by Scott Barber; Editing by Hans-Juergen Peters)
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