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post #111 of 169 (permalink) Old 05-22-2006, 10:06 PM
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Originally Posted by GermanStar
If you cannot divorce yourself from your bigotry, you'll need to find someone else to pester...
You didn't answer my question.....

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post #112 of 169 (permalink) Old 05-22-2006, 10:17 PM
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"they certainly didn't erase the deficit". GM.
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Quote:
Originally Posted by MercedezGolf
OK, so you meant to say "debt" as did I. Now that we have our terms correct, you had said that we should all pay the exact same amount, not a percentage as is the current practice. Once again, I ask how much should Alec Baldwin, Barbra Streisand and liberal welfare cases pay? Give me a figure!
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'Deficits/Debits' aren't erased, they are eroded and eaten up by inflation over (macro-eco GNP) time so that they become negligible.



Those buffoons, Alec Baldwin, Barbra Streisand et al as great liberals and socialists ( and famous non tippers ! ) should be required to pay the 90% or 99% that was demanded in England during the 1970's which forced various wealthy's, Beatles, Rolling Stones, Rod Stewart (391 Carolwood Dr BH .), Elton John(1400 Tower Grove BH ) to flee the isle because of excess taxes. Apply the same taxes to these liberal oafs and watch them flee the USA to the Carribean etc, Streisand should rightly go to Iraq as that who she is championing !


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post #113 of 169 (permalink) Old 05-22-2006, 10:48 PM
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The only truly logical solution is a national sales tax. Consumerism would determine the amount of federal taxes you pay and everyone, whether citizen or illegal would pay their full share. The poor would probably pay less because of their inability to purchase on a grand scale and the rich could curb their spending in order to avoid overburdening themselves with federal taxes....

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post #114 of 169 (permalink) Old 05-22-2006, 10:57 PM
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Iraq attacked us??? OMG!!! When???
Kuwait USS Cole, Twin Towers-twice etc.....you really aren't going to attempt to defend Iraq's innocence in these matters are you? They have been linked on many occasions to funding terrorism and numerous communications between Osama and Saddam have been proven. BTW was the nerve gas that was used to kill thousands of Kurds in northern Iraq considered a weapon of mass destruction? Maybe if they released it in San Francisco it would be somehow more significant. But I digress, this thread deals with taxes......

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post #115 of 169 (permalink) Old 05-22-2006, 11:08 PM
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I have included a chart to point out when the deficit started going down (92). It is from the OMB which tends to be accurate. You are correct that 9/11 changed the economy and that is where a true Conservative president would have tightened the purse strings and kept things under control.

My memory tells me that W, Rummy and Co. told the American people, Congress and the UN that Iraq (who did NOT attack us) would be a 90 day NO BRAINER and cost no more than $15-20 Billion [really well documented statements]. Piss poor planning and a total lack of experience showed that we were snowed, both by poor intel and by false bravado.

You are correct that the right approach is to eliminate alot of pork projects which are clogging the system. I also agree that all three branches do not need to be of the same party, it causes, shall we say fundy problems
Your chart is pretty, but according to this article the debt increased by109 billion dollars in 1998......

The federal government had a surplus of $70 billion in fiscal year (FY) 1998 while
total federal debt increased by $109 billion. Why did the debt increase even though the
government had a surplus? The answer involves understanding what drives changes in
the two components of federal debt, debt held by the public (such as that held by
individuals, pension funds, banks, and insurance companies, among others) and debt held
by government accounts (mostly in federal trust funds, such as Social Security). Debt
held by the public declines when the government has a surplus. But when the
government accounts that hold federal debt have surpluses, these surpluses increase debt
held by government accounts. If the debt held by government accounts increases faster
than debt held by the public decreases, total federal debt rises.
For the next decade, the expected overall surpluses will reduce the amount of debt
held by the public. Debt held in government accounts will continue increasing since these
accounts will continue to run surpluses. Because of this, total federal debt will continue
growing through FY2005 and then fall through FY2009 (the end of the projection
period), according to the CBO projections.

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post #116 of 169 (permalink) Old 05-22-2006, 11:09 PM
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YES. release the nerve gas on the liberals in San Francisco, that's a fair test isn't it ?






Then assess 'em for death taxes.

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post #117 of 169 (permalink) Old 05-22-2006, 11:17 PM
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Originally Posted by BNZ
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YES. release the nerve gas on the liberals in San Francisco, that's a fair test isn't it ?







Then assess 'em for death taxes.

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I wonder if the Kurds would care?

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post #118 of 169 (permalink) Old 05-22-2006, 11:26 PM
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Originally Posted by MercedezGolf
I wonder if the Kurds would care?


They don't have time to care, they're too busy struggling for life and rice,
...... not trying to decide the best size/affordable Plasma TV for their wall !








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post #119 of 169 (permalink) Old 05-23-2006, 10:56 AM
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Quote:
Originally Posted by MercedezGolf
Your chart is pretty, but according to this article the debt increased by109 billion dollars in 1998......

The federal government had a surplus of $70 billion in fiscal year (FY) 1998 while
total federal debt increased by $109 billion. Why did the debt increase even though the
government had a surplus? The answer involves understanding what drives changes in
the two components of federal debt, debt held by the public (such as that held by
individuals, pension funds, banks, and insurance companies, among others) and debt held
by government accounts (mostly in federal trust funds, such as Social Security). Debt
held by the public declines when the government has a surplus. But when the
government accounts that hold federal debt have surpluses, these surpluses increase debt
held by government accounts. If the debt held by government accounts increases faster
than debt held by the public decreases, total federal debt rises.
For the next decade, the expected overall surpluses will reduce the amount of debt
held by the public. Debt held in government accounts will continue increasing since these
accounts will continue to run surpluses. Because of this, total federal debt will continue
growing through FY2005 and then fall through FY2009 (the end of the projection
period), according to the CBO projections.
FIRST, NOTE THE PRETTY CHART IS FOR THE DEFICIT, NOT THE FEDERAL DEBT

Do you have a point with this post? The logic is accurate even though you don't say from what year the quoted post came. CURRENT projections from the OMB show the Fed Debt moving up to the $10-12TRILLION range by FY2009.

The reason for the increase in DEBT while a $0 DEFICIT is that there are still costs associated with the DEBT in the form of INTEREST. In FY98 that cost was a about $200BILLION which helped eat up any surplus plus added to the accumulated DEBT.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.

Last edited by mcbear; 05-23-2006 at 11:04 AM.
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post #120 of 169 (permalink) Old 05-23-2006, 11:10 AM
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Quote:
Originally Posted by MercedezGolf
Kuwait USS Cole, Twin Towers-twice etc.....you really aren't going to attempt to defend Iraq's innocence in these matters are you? They have been linked on many occasions to funding terrorism and numerous communications between Osama and Saddam have been proven. BTW was the nerve gas that was used to kill thousands of Kurds in northern Iraq considered a weapon of mass destruction? Maybe if they released it in San Francisco it would be somehow more significant. But I digress, this thread deals with taxes......
I'm sorry, when did Iraq attack us? You started babbling about Kurds and Osama, but I don't see anything in your post about the US being attacked by Iraq.

Maybe you had it backwards and meant to say that the US attacked Iraq??

BTW, no one here gave two shits about the Kurds before they needed a reason to start a war. Most people here had no idea what happened to the Kurds and couldn't even find Iraq on a map. All the war-mongering, money-grubbing politicians in Washington, D.C. didn't care about the Kurds either, until it suited their purpose.
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