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post #31 of 84 (permalink) Old 04-15-2008, 06:56 PM
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Soon, the Chinese will begin to collect on America's debt.
As will the Saudi's.
And many others.

Retirement, HAH!
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post #32 of 84 (permalink) Old 04-15-2008, 07:00 PM
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I have to hand it to you. Just when you look like you might make some sense, you go off on your rants of taxing the rich, blah, blah, blah. You claim to be a business man, so tell me something. Do you eat the taxes you pay on your business income or do you make sure you charge enough to offset them? Will the market that you're in allow you to pass increases on to your customers? Raise my taxes 10% and you can bet our prices will be adjusted accordingly, and I'm not rich. No where near it. We barely bust 6 figures.

All debt, in general, is bad. Government debt is bad, consumer level debt is even worse. Credit cards, second mortgages, balloon loans and automobile loans combine to keep the average consumer rooted in hopeless debt. Most people will die without seeing their house paid for, if they even keep it. No one saves money. They'd rather spend it on HD televisions, fancy cars and stereos, not taking into account the suffering of their future. These reasons is why we have a weak dollar. Not because of tax cuts, but, because spending cuts were not enacted to bring the balance sheet up to snuff. Every lawmaker on Capitol Hill is responsible for this ballooning government debt and it will have to be them to reign it in.

Our ecomomy is weak, but not broken. If it is allowed to continue in it's present direction, it will tank, in a big way. If you think raising taxes is going to fix this mess, you are sadly mistaken and I find it hard to believe that if you were President, you'd be stupid enough to try it. If you continue to blame this problem on one group of politicians, you will never realize the culture of corruption in DC. Keep holding your liberal party on a pedestal. Even when they fall off and break their necks, you'll be too blind to realize they fell because of decades of one failed policy after another. I prefer to group all politicians into one sack, since they all smell the same, to me.
I agree with most of this.

One problem with raising your prices to match your tax increase is that your competition might just be buying offshore and not have to raise prices, which keeps you clipping your margins, however. It is not as simple as saying "if my taxes go up I get to raise my prices and it comes out in the balance". Competition is too dynamic for that simplistic an approach.

The question NOW becomes, after the horses are out of the barn, how do we, pay INTEREST on the shiny new National Debt, continuing WAR DEBT, rebuild ignored INFRASTRUCTURE, bail out the FINANCIAL SECTOR, and continue to simply run government AS IS?

And you dead correct, it is both parties that like to raise taxes and spend money. It is what keeps them getting elected.

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Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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post #33 of 84 (permalink) Old 04-15-2008, 07:38 PM
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Here's a novel idea, one I like really well, let's reduce spending to match revenues.

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post #34 of 84 (permalink) Old 04-15-2008, 07:43 PM
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Here's a novel idea, one I like really well, let's reduce spending to match revenues.
Good, start with the most expensive one...which spending is that?
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post #35 of 84 (permalink) Old 04-15-2008, 07:50 PM
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Here's a novel idea, one I like really well, let's reduce spending to match revenues.
This has been the great GOP plan -- increase spending and lower taxes to drive the country close the edge of bankruptcy, then hope that the Dems while in office, will save the day by reducing spending and raising taxes. It's clever and creates an appearance that is contrary to the truth.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #36 of 84 (permalink) Old 04-15-2008, 08:00 PM
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This has been the great GOP plan -- increase spending and lower taxes to drive the country close the edge of bankruptcy, then hope that the Dems while in office, will save the day by reducing spending and raising taxes. It's clever and creates an appearance that is contrary to the truth.
Which color of Koolaide is better tasting?

B

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and thatís what I intend to reverse.

~ Senator Barack H. Obama
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post #37 of 84 (permalink) Old 04-15-2008, 08:04 PM
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Pattern - plan -- take your pick.

"If spending money you don't have is the height of stupidity, borrowing money to give it away is the height of insanity." -- anon
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post #38 of 84 (permalink) Old 04-15-2008, 08:10 PM
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Originally Posted by edfreeman View Post
Here's a novel idea, one I like really well, let's reduce spending to match revenues.
Actually we need to reduce spending to BELOW revenues so we can start paying down Bushies Debt Tax. Otherwise 1/6 of all Spending will just go to paying interest, much of it to foreign countries who own the bonds.

So the first thing to do is pull out of Iraq, get IRAQ to tote their own note for their "freedom" and we can get out of the Nation Building business [we aren't that good at it] and get refunds for the overpayments of the NoBid contracts shoveled out to Bush/Cheney supporters.

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post #39 of 84 (permalink) Old 04-15-2008, 08:16 PM
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Pattern - plan -- take your pick.
I have decided to reject all Koolaide flavors in favor of a more tart, nourishing and refreshing beverage and with no artificial anything.

B

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and thatís what I intend to reverse.

~ Senator Barack H. Obama
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post #40 of 84 (permalink) Old 04-15-2008, 08:24 PM
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I have decided to reject all Koolaide flavors in favor of a more tart, nourishing and refreshing beverage and with no artificial anything.

B
May I recommend "Crystal Light Orange Classic"

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