49.7 million Americans in poverty (1 Viewer)

[Mediocre Man]

http://www.nbcnews.com/business/49-7-million-americans-poverty-census-bureau-says-1C7073315?gt=43001

Will never understand the re-election

 

[3RA1N1AC]

Will never understand the re-election

lol wut?

people in poverty need assistance, democrats cater to that

not really rocket surgery

 

[magnifier661]

lol wut?

people in poverty need assistance, democrats cater to that

not really rocket surgery

Absolutely cater to them. But..... If the wealth of the nation is comprimised; then there will not be enough to give out "hand outs". It's a two edged sword.

 

[3RA1N1AC]

so you expect people to turn down free stuff because there might not be any in 20 years?

not gonna happen

 

[magnifier661]

so you expect people to turn down free stuff because there might not be any in 20 years?

not gonna happen

I don't disagree with you there. Absolutely they will take whatever the government will hand them. I am saying that the concept is fine until the money runs out. Then economic collapse and extremely high inflation will occur. See Carter's presidency.

 

[3RA1N1AC]

I don't disagree with you there. Absolutely they will take whatever the government will hand them. I am saying that the concept is fine until the money runs out. Then economic collapse and extremely high inflation will occur. See Carter's presidency.

and when the money runs out there will be even more poor people...

what we need to do is try and to find a balance with budget cuts EVERYWHERE, and try to not get to that point

 

[magnifier661]

and when the money runs out there will be even more poor people...

what we need to do is try and to find a balance with budget cuts EVERYWHERE, and try to not get to that point

This is mainly why I am so butthurt about Obama's win. It's not because a democrat won. It's because Obama's administration doesn't balance the budget.

 

[EL PRESIDENTE]

lol at "budget cuts". Its going to come in the form of higher taxes.

 

[The_Lillard_King]

lol at "budget cuts". Its going to come in the form of higher taxes.

If raising taxes (along with budget cuts) helped balance the budget, would you be in favor of it?

 

[EL PRESIDENTE]

I've said for quite some time the only way out of this hole is large tax increases. I'm only fine with it if the burden is across the board as its the only way people will realize how much their entitlements actually cost them. You should probably know I'm in favor of a flat tax rate across the board.

The problem with this line of thinking is like increasing the credit limit on one's credit card or getting a raise at work...you'll have more but you'll probably spend more.

 

[The_Lillard_King]

I've said for quite some time the only way out of this hole is large tax increases. I'm only fine with it if the burden is across the board as its the only way people will realize how much their entitlements actually cost them. You should probably know I'm in favor of a flat tax rate across the board.

The problem with this line of thinking is like increasing the credit limit on one's credit card or getting a raise at work...you'll have more but you'll probably spend more.

But Romney wanted to decrease taxes by 20% across the board. So according to you, Romeny was not going to get us out of this hole either.

 

[DaLincolnJones]

If raising taxes (along with budget cuts) helped balance the budget, would you be in favor of it?

I am in favor of paying more taxes

ONLY IF the added amount is applied to the deficit, period

AND ONLY when the Gov cuts spending by a large percentage. Otherwise, they are like six year olds at a candy store, no matter what you give them it is never enough..

 

[magnifier661]

But Romney wanted to decrease taxes by 20% across the board. So according to you, Romeny was not going to get us out of this hole either.

There is another angle to it though. His plan was to lower taxes and inject investments. The extra investments would generate more revenue. Too high taxes will take investments elsewhere; which will decrease bulk revenue streams.

It's like the saying in sales. "Would you rather have 80% of $5,000 or 15% of $100,000?"

 

[DaLincolnJones]

But Romney wanted to decrease taxes by 20% across the board. So according to you, Romeny was not going to get us out of this hole either.

his belief isthat if you lower taxes, big money creates more jobs. More jobs means more tax payers etc etc etc

 

[EL PRESIDENTE]

I think he would be more prepared mentally to deal with the impending crash and deal with the crisis. Also, Romney seemed more amicable to reach across the table and work with democrats. What I saw from Obama/Biden and the democrats are people who won't work with the other side to get anything done. Its been proven on the debt ceiling and the budgets.

 

[magnifier661]

his belief isthat if you lower taxes, big money creates more jobs. More jobs means more tax payers etc etc etc

Exactly... So across the board; you get less of the pie; but you have more pie to rake from.

 

[DaLincolnJones]

Exactly... So across the board; you get less of the pie; but you have more pie to rake from.

yep

damn I am hungry now..pie...

 

[The_Lillard_King]

How many presidential canidates have promised to reduce or not raise taxes as part of their presidential campaign and stuck to that? I think the country's number one concern was the economy and basically voters said they don't beleive Romney could do what he promised he could do.

 

[Rhal]

his belief isthat if you lower taxes, big money creates more jobs. More jobs means more tax payers etc etc etc

The trickle down theory does not work. It wad a fine idea when first proposed but it has sense then been pretty well exposed that in tough econimic times the wealthy aka the job creaters, save more and spend less.
Also a flat tax accross the board makes no sense. The wealthy can afford to pay a higher % and be fine then a middle class family. Lowering the richs taxes before they get any tax breaks and upping the middle classes so they both pay the same % has never made sense to me.
We need to close the loopholes in our tax system and figure out a way that the rich and cooperations cannot hide money overseas before we do anything.
Also would many people be opposed to a less then 1% tax added onto to every purchase that goes straight to paying off the deficit


Sent from my SPH-L710 using Tapatalk 2

 

[DaLincolnJones]

How many presidential canidates have promised to reduce or not raise taxes as part of their presidential campaign and stuck to that? I think the country's number one concern was the economy and basically voters said they don't beleive Romney could do what he promised he could do.

see, thats where you are off the mark..

we want to believe it was all based on well thought out ideals and arguements

it was won based upon who will do the most for me..

 

[magnifier661]

How many presidential canidates have promised to reduce or not raise taxes as part of their presidential campaign and stuck to that? I think the country's number one concern was the economy and basically voters said they don't beleive Romney could do what he promised he could do.

Yes it's a hard accomplishment; but then you must look at the entire legislation. During the times when a party had majority in House, Senate and the Presidency; they were able to accomplish that. Clinton had this his first term and Bush Jr. had it as well. Obama had it his first term too.

Looking back at those 3 presidents; Clinton and Bush kept to their word and the country prospered. Obama had a chance to follow suit; but decided to pass more of the social issues; that limited the progress of the country. Then when the GOP gained control of the house; they were at a stalemate the final 2 years. Obama had his opportunity and failed miserably. This is why he is a terrible president. He had zero foresight on the state of the union financially. His far left viewpoints destroyed any chance of a bi-partisan unity.

 

[The_Lillard_King]

see, thats where you are off the mark..

we want to believe it was all based on well thought out ideals and arguements

it was won based upon who will do the most for me..

Most people I know who voted for Obama would have benefited from a 20% reduction in their taxes. Why would they vote for Obama?

 

[magnifier661]

The trickle down theory does not work. It wad a fine idea when first proposed but it has sense then been pretty well exposed that in tough econimic times the wealthy aka the job creaters, save more and spend less.
Also a flat tax accross the board makes no sense. The wealthy can afford to pay a higher % and be fine then a middle class family. Lowering the richs taxes before they get any tax breaks and upping the middle classes so they both pay the same % has never made sense to me.
We need to close the loopholes in our tax system and figure out a way that the rich and cooperations cannot hide money overseas before we do anything.
Also would many people be opposed to a less then 1% tax added onto to every purchase that goes straight to paying off the deficit


Sent from my SPH-L710 using Tapatalk 2

Wait you said that doesn't work? Clinton used this strategy and our country had a stable revenue. Reagan used this and it worked out great. And this worked even when we had a huge cold war with USSR.

 

[DaLincolnJones]

The trickle down theory does not work. It wad a fine idea when first proposed but it has sense then been pretty well exposed that in tough econimic times the wealthy aka the job creaters, save more and spend less.
Also a flat tax accross the board makes no sense. The wealthy can afford to pay a higher % and be fine then a middle class family. Lowering the richs taxes before they get any tax breaks and upping the middle classes so they both pay the same % has never made sense to me.
We need to close the loopholes in our tax system and figure out a way that the rich and cooperations cannot hide money overseas before we do anything.
Also would many people be opposed to a less then 1% tax added onto to every purchase that goes straight to paying off the deficit


Sent from my SPH-L710 using Tapatalk 2

hmm only to address whatyou term trickle down..

look at history, the only times that the econemy has grown at a substantial rate has been when regulations were eased or not in place and job producers had incentives to create jobs..

 

[TradeNurkicNow]

Politics as usual ain't gonna get rid of poverty, it makes no difference who is in the white house.

 

[DaLincolnJones]

Most people I know who voted for Obama would have benefited from a 20% reduction in their taxes. Why would they vote for Obama?

free phones

public unions

pink unicorns

birth control

war on women

race

illeagle imigration

abortion

fuzzy feelings when he is on TV doing letterman ...

 

[magnifier661]

Politics as usual ain't gonna get rid of poverty, it makes no difference who is in the white house.

Well the democrats think large government (politics) does. So far it hasn't proved it can. Even looking back at the Clinton Administration; many of the fiscal plans were adopted from the GOP. This was why he was able to get economic issues passed. Him and Reagan were great at keeping both sides happy. Bush's and Obama have both failed miserably.

 

[tlongII]

If raising taxes (along with budget cuts) helped balance the budget, would you be in favor of it?

I would be in favor of that. I see little, if any, budget cuts happening though.

 

[EL PRESIDENTE]

Its going to suck in the short term, but we need to go off the fiscal cliff. basically what is happening if we extend cuts and keep spending is....we make things worse.

these poverty numbers are only going to get worse and they will be permanent the way this country is being run.

 

[blazerboy30]

The trickle down theory does not work.

The $16Trillion debt and still struggling economy says that the government spending approach doesn't work.

Greece, Spain, etc say the government spending approach doesn't work.

How long until we admit this?