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IrishAidan07

Vice Presidential Debate

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Moreover - neither candidate are planning to raise taxes for the country as a whole. They're both planning Trillion dollar tax cuts. From the

Which, giving the situation, is absolute nationcide. The debts will not go away and 1/2 of the tax revenues will be used to pay interest on it within a year.

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Guardsman Bass
I understand the impulse...

But it's still kinda scary to think about it actually happening.

There is little doubt that Bush and the Republicans will be blamed throughout an Obama failure. While it might be humorous to watch, I'd really rather not see it all unfold.

Four years hence, when there's a new mysery index being published in the papers every day, the price of gas is $5 or $6 per gallon, and we're no less dependent on foreign energy than we are now, and jobs are down because of the tax increases imposed by the Obama administration on the people who provide the jobs and the goods and services people want, need, and desire (and who now of course have to tighten their belts, employ fewer people, and not invest in their business' future), and the health care system has deteriorated beyond all belief, and of course, Obama's trillion dollars in new spending has added to the defecit...and inflation approaches, or even exceeds that which we saw under Carter...well, I'm not sure the humor will outweigh the anger.

Obama could every spending bill he wanted passed and still probably not out-spend Bush if the Iraq drawdown happens on schedule (2011).

As for taxation, well - I noticed that quite a few right-wingers were screaming bloody murder when Clinton raised the Capital Gains Tax back in the early 1990s, about how it would cripple investment and the like. At the same time, America underwent a massive economic expansion from 1945-1973 with taxation that would make current taxation sound like light user fees.

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MID
Any true conservative pays his debt.

Of course. HIS debt.

And anybody capable of thinking knows that socialism through the backdoor is letting a government spend money they don't have.

You know, the more this goes on the more I think we're both saying the same thing fundamantally.

Maybe neither one of us is very good at expressing it!!!

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Of course. HIS debt.

The national deficit is partially YOUR debt (about $38.000 of it as of last month, $70.000 come next January) as citizen of a democratic country.

But instead of paying for YOUR debt you want more of it by reducing taxes.

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MasterPo
Truth is MasterPo - I'd take Warren Buffet's advice over yours on financial matters, pretty much every time.

If ol' Warren is support tax increases in this environment then I respectfully submit Alzheimers is finally setting in.

BTW, Warren Buffet pays almost nothing in in income taxes.

Moreover - neither candidate are planning to raise taxes for the country as a whole. They're both planning Trillion dollar tax cuts. From the Tax Policy Center:

And I have a bridge for sale real cheap.

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MasterPo
But instead of paying for YOUR debt you want more of it by reducing taxes.

If tax increases are truly the answer then let's really do it!

Let's have a one-time tax of say 50% on everyone with a net worth of $100k/$200k/$500k/$1 million (<- take your pick of a figure) and put it all towards paying down the debt!!

Why not?! :hmm:

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If tax increases are truly the answer then let's really do it!

Let's have a one-time tax of say 50% on everyone with a net worth of $100k/$200k/$500k/$1 million (<- take your pick of a figure) and put it all towards paying down the debt!!

Why not?! :hmm:

There is another answer: Pay off the debt with the taxes generated now. But given that about 50% of that will be needed just to pay the interest, as of next year, it would run the government into 3d world style ruling with a 3d world style army.

The party is over, time to pay the bill.

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MasterPo

How come no one ever talks about government spending as the problem?

No. It's you and I that aren't paying enough in taxes that caused all this. Not government spending like a drunk at a winery!

Just try telling government "No! Make due with what you have!" and see the result. Hope you like laughter.

The party is over, time to pay the bill.

And the men and women over the last 20 years who were supposed to be our eyes and ears and stewarts of the system but who took the money for themselves and screwed the rest of us should have to pay double! Go suggest that and see how far you get! :angry:

But no. It's because you and I dare to want to keep what we earn. How awful we are!

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