Sleepr2 Posted September 28, 2017 Share Posted September 28, 2017 10 hours ago, Snoslinger said: well they wanted less military, no big tax cuts. the process is repeating itself, like always. repukes spend, dems get left with bill the next term. then the repukes suddenly get fiscal, convince everyone it's the dem spending, then get re-elected, then spend again............ What spending cuts did the left get done with Obambi? Quote Link to comment Share on other sites More sharing options...
racer254 Posted September 28, 2017 Share Posted September 28, 2017 11 hours ago, Snoslinger said: well they wanted less military, no big tax cuts. the process is repeating itself, like always. repukes spend, dems get left with bill the next term. then the repukes suddenly get fiscal, convince everyone it's the dem spending, then get re-elected, then spend again............ Obama increased the debt by $6.576 trillion, but repukes spend and dems get left with the bill? Nothing but rainbows and unicorns in your world. Quote Link to comment Share on other sites More sharing options...
Rod Posted September 28, 2017 Share Posted September 28, 2017 Lowering taxes generally increases government revenues https://www.forbes.com/sites/mikepatton/2012/10/15/do-tax-cuts-increase-government-revenue/amp/ Quote Link to comment Share on other sites More sharing options...
franks pond Posted September 28, 2017 Share Posted September 28, 2017 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted September 28, 2017 Platinum Contributing Member Share Posted September 28, 2017 18 hours ago, SnowRider said: My question is - the economy is humming along according to Lil Momo - so why the tax breaks? What about the 8 years of deficit concerns? Economists agree tax breaks do not create jobs so what's the point? More Voodoo economics Which economist and which tax breaks. Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted September 28, 2017 Gold Member Share Posted September 28, 2017 15 hours ago, Snoslinger said: holy fuck. pick one ge, carrier, apple, johnson & johnson, ibm, procter and gamble..... not to mention, some of these corps had 0 to low tax rates already So if they are paying 0% tax rate under obama’s Tax code they will benefit from trumps tax plan how???? Quote Link to comment Share on other sites More sharing options...
Snake Posted September 28, 2017 Share Posted September 28, 2017 14 hours ago, Snoslinger said: "well ma 401k improved by $100 this year, so i;m all for bigly corporate tax breaks. who cares if ma local taxes go up $1000 next year to compensate" Mine has gone up almost $180,000 since November. Might retire early! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted September 28, 2017 Platinum Contributing Member Share Posted September 28, 2017 And this whole time I though these greedy corporations never paid any taxes. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted September 28, 2017 Platinum Contributing Member Share Posted September 28, 2017 36 minutes ago, Rod Johnson said: Lowering taxes generally increases government revenues https://www.forbes.com/sites/mikepatton/2012/10/15/do-tax-cuts-increase-government-revenue/amp/ Historically they ALWAYS have. Even JFK understood this. Quote Link to comment Share on other sites More sharing options...
Snoslinger Posted September 28, 2017 Author Share Posted September 28, 2017 (edited) 1 hour ago, Snake said: Mine has gone up almost $180,000 since November. Might retire early! that's great, trueblue Edited September 28, 2017 by Snoslinger Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted September 28, 2017 Platinum Contributing Member Share Posted September 28, 2017 1 hour ago, Snake said: Mine has gone up almost $180,000 since November. Might retire early! How during Obama's 8 years? percentage? You should send Obama some of the 180 - he's responsible for the gains 👍 17 minutes ago, Snoslinger said: that's great, trueblue . Mainetahd insecurity Quote Link to comment Share on other sites More sharing options...
s pump Posted September 28, 2017 Share Posted September 28, 2017 18 hours ago, T1R9sledder said: Sounds like buyers remorse over a pair of nikes.....poor slinger Shoulda bought New Balance.......Made in Merica Bitches. Quote Link to comment Share on other sites More sharing options...
racer254 Posted September 28, 2017 Share Posted September 28, 2017 (edited) 36 minutes ago, SnowRider said: How during Obama's 8 years? percentage? You should send Obama some of the 180 - he's responsible for the gains 👍 . Mainetahd insecurity Obama cost the taxpayers 7+ trillion. Now you want to give him more? Dim bulb Edited September 28, 2017 by racer254 Quote Link to comment Share on other sites More sharing options...
Anler Posted September 28, 2017 Share Posted September 28, 2017 5 hours ago, racer254 said: Obama increased the debt by $6.576 trillion, but repukes spend and dems get left with the bill? Nothing but rainbows and unicorns in your world. Which one of Obamas budgets did that? Quote Link to comment Share on other sites More sharing options...
Anler Posted September 28, 2017 Share Posted September 28, 2017 2 hours ago, Highmark said: And this whole time I though these greedy corporations never paid any taxes. Not if they are smart like Trump. Quote Link to comment Share on other sites More sharing options...
Anler Posted September 28, 2017 Share Posted September 28, 2017 3 hours ago, Rod Johnson said: Lowering taxes generally increases government revenues https://www.forbes.com/sites/mikepatton/2012/10/15/do-tax-cuts-increase-government-revenue/amp/ You know what else increases revenues? lowering interest rates. Take a look at those tax cuts that coincided with lower interest rates. Cheap easy access to credit gets more people in homes and more business borrow more money. Our economy is propped up by debt because our govt is allowing corporations to socialize their debt while privatizing their profits. Quote Link to comment Share on other sites More sharing options...
racer254 Posted September 28, 2017 Share Posted September 28, 2017 5 minutes ago, Anler said: Which one of Obamas budgets did that? All of them together? Or would you rather blame it on Congress or just the House? Before Obama took office, President Bush's last budget (FY 2009) created a deficit of $1.16 trillion. That fiscal year began on October 1, 2008, and continued until September 30, 2009That means most of that deficit occurred after Obama took office in January. It's not accurate to attribute it to him. FY 2009 - Even though the budget had been approved, Congress added emergency funding to stop the Great Recession. It added the first year's worth of spending from Obama's Economic Stimulus Act to the FY 2009 budget. That $253 billion accrues to Obama. FY 2010 - Obama's first budget created a $1.294 trillion deficit. FY 2011 - This budget contributed $1.3 trillion to the debt. FY 2012 - The deficit was $1.087 trillion. FY 2013 - This was the first Obama budget where the deficit, $679 billion, was less than $1 trillion. Thank sequestration, which forced a 10 percent cut in spending. FY 2014 - The deficit was $485 billion. FY 2015 - The deficit fell further, to $438 billion. FY 2016 - The deficit is expected to be $600 billion FY 2017 - The deficit is projected to be $441 billion. When the deficits from all these budgets are added together, President Obama increased the debt by $6.576 trillion. Quote Link to comment Share on other sites More sharing options...
Anler Posted September 28, 2017 Share Posted September 28, 2017 Just now, racer254 said: All of them together? Or would you rather blame it on Congress or just the House? Before Obama took office, President Bush's last budget (FY 2009) created a deficit of $1.16 trillion. That fiscal year began on October 1, 2008, and continued until September 30, 2009That means most of that deficit occurred after Obama took office in January. It's not accurate to attribute it to him. FY 2009 - Even though the budget had been approved, Congress added emergency funding to stop the Great Recession. It added the first year's worth of spending from Obama's Economic Stimulus Act to the FY 2009 budget. That $253 billion accrues to Obama. FY 2010 - Obama's first budget created a $1.294 trillion deficit. FY 2011 - This budget contributed $1.3 trillion to the debt. FY 2012 - The deficit was $1.087 trillion. FY 2013 - This was the first Obama budget where the deficit, $679 billion, was less than $1 trillion. Thank sequestration, which forced a 10 percent cut in spending. FY 2014 - The deficit was $485 billion. FY 2015 - The deficit fell further, to $438 billion. FY 2016 - The deficit is expected to be $600 billion FY 2017 - The deficit is projected to be $441 billion. When the deficits from all these budgets are added together, President Obama increased the debt by $6.576 trillion. Its my understanding that Obama never passed a budget. Those were all continuing resolutions from the Bush admin. I remember many here giving Obama shit for not being able to pass a budget. Quote Link to comment Share on other sites More sharing options...
racer254 Posted September 28, 2017 Share Posted September 28, 2017 11 minutes ago, Anler said: Its my understanding that Obama never passed a budget. Those were all continuing resolutions from the Bush admin. I remember many here giving Obama shit for not being able to pass a budget. I guess if you want to get technical, the president submits his budget request then congress takes it from there. http://www.politifact.com/truth-o-meter/statements/2012/apr/06/mitt-romney/romney-says-obama-failed-pass-budget/ Quote Link to comment Share on other sites More sharing options...
Anler Posted September 28, 2017 Share Posted September 28, 2017 7 minutes ago, racer254 said: I guess if you want to get technical, the president submits his budget request then congress takes it from there. http://www.politifact.com/truth-o-meter/statements/2012/apr/06/mitt-romney/romney-says-obama-failed-pass-budget/ Ummm no. To my knowledge congress did not approve any of Obamas budgets. except for maybe the 2016 budget. All annual budgets were continuing resolutions from the prior admin. Sorry bout yer luck bro. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted September 28, 2017 Platinum Contributing Member Share Posted September 28, 2017 38 minutes ago, Anler said: Not if they are smart like Trump. We know he paid a higher rate than Obama or Sanders. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted September 28, 2017 Platinum Contributing Member Share Posted September 28, 2017 9 minutes ago, Anler said: Ummm no. To my knowledge congress did not approve any of Obamas budgets. except for maybe the 2016 budget. All annual budgets were continuing resolutions from the prior admin. Sorry bout yer luck bro. Many of his budgets didn't even get one vote yes from his own party. Quote Link to comment Share on other sites More sharing options...
racer254 Posted September 28, 2017 Share Posted September 28, 2017 (edited) 31 minutes ago, Anler said: Ummm no. To my knowledge congress did not approve any of Obamas budgets. except for maybe the 2016 budget. All annual budgets were continuing resolutions from the prior admin. Sorry bout yer luck bro. I realize that, his budget requests (most) weren't passed, but they were still considered "his" budgets. You're just trying to argue little details that really mean nothing. He was POTUS when this money was spent. Edited September 28, 2017 by racer254 Quote Link to comment Share on other sites More sharing options...
Mainecat Posted September 28, 2017 Share Posted September 28, 2017 Trumps budget adds billions to the deficit. Seems the conservatives are the spenders when they control Washington. Quote Link to comment Share on other sites More sharing options...
racer254 Posted September 28, 2017 Share Posted September 28, 2017 4 minutes ago, Mainecat said: Trumps budget adds billions to the deficit. Seems the conservatives are the spenders when they control Washington. They are all spend happy when it comes to the taxpayers money. Quote Link to comment Share on other sites More sharing options...
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