More spending won't boost the economy.

You increase revenue by cutting taxes, which stimulates the economy and gives you bigger returns. Deficit spending only makes investors lose confidence in the dollar and in the Fed as a whole.

The falling revenue numbers are because of the lack of JOBS right now. Reagan is who we are using as our shining example? Really? He started this mess.

No, when you have a credit card debt it is from SPENDING, not from lack of income. If If my salary is $100 a week, and I spend $145 a week, I am accumulating $45 in debt a week. That is from SPENDING. The revenue is the bar.

You can provide whatever number you want to me, but Obongo has added more to the debt in THREE years, than Bush did in 8...by a lot. I thougth Bush was a drunken sailor with his spending, but Obongo is much worse.

Who are we raising the taxes on? Tell me who is getting taxed more to cover obongos 1.5 trillion dollar budget shortfall. I am dying to hear this answer.

Americans refuse to spend, because they have zero confidence is this man, and rightfully so. Everything he touches so far has turned to absololute garbage.

Pass an amendment. The government can not spend, that which is does not have. Several states have such an item in their own constitution, works great for them.

Spend on what? Can you tell me? Raise revenue= Raise taxes. So, we are going after who for that again? I need an answer to this question.

I will let you raise taxes by 100 billion, if you show me 200 billion in social spending cuts.(even some to the military will be fine, as I am not a neo con, and a War vet, so I want most of our troops home). For every $2 you cut in spending, I will give you $1 more in taxes. Once we reach a balnced budget, I want a 7% budget reduction every year, taxes remain to help pay down on the debt.

It is the only solution that I will acccept. As you start to reduce down on the debt, the money saved form lower interest payments is also put into DEBT reduction, not to be spent by a government and president that is quite clueless.

Does it strike you as odd, that this man (Obongo) has never had a Real Job, and yet you trust him with your economy? Seriously?

Wait, you want to talk about jos growth with a president running a plus 9% unemployment rate, which is really closer to 20, since people no longer collecting, and those with part time jobs dont count any longer. Seriously, stop throwing Bush in my face, he was a disaster.

Turned it around? really? When? Where? The stimulas that was suppose to keep us from topping 8% unemployment, that one? The one that topped out near or above 10%? Then...once the money had been wasted, we came back to reality. QE does not work. Japan tried it 11 times in 10 years, and they refer to that decade as 'The lost Decade" for a reason. It does not work sir. Sorry. Argue with the results of japan

yes, ive seen our great government (not just this administration) waste money on everything. It is simply amazing. Like the great Green Jobs push...BUST. However, we cant drill in our own waters/lands for oil, that WILL CERTAINLY add jobs, as we have the infrastructure in place already for thatcommodity.

Give me 700 billion to toss into the meat grinder, Ill stop the bleeding also, but it will not cure the problem.

You know how to make them invest. That little Cpatial gains tax thing he raised, ya, sorry, but they are really not going to throw a whole lot of cash right now into investment anywhere right now.

Let us be very clear here. Stop tossing Bush in my face. He was not my president, I never voted for him, k? I disliked the man a lot. Obama also has not ever got a vote from me, and I dislike him more maybe. So, stop it. The federal gvoernment is a disaster. It haas grown far beyond what was intended, and most everything it touches turns to manure.

One of the most successful men to occupy the office of Secretary of Treasury was Andrew Mellon who had the third longest tenure of any individual to hold the office, almost 11 years.

Mellon wrote a classic book in 1924 called "Taxation: The People's Business."
His thesis was that the optimum tax rate would be high enough to generate revenues to sustain government and low enough to both encourage economic expansion and discourage people from investing to avoid taxation.

He also advocated a permanent tax system that avoided one or two year horizons, but instead focused on long range tax policy that gave investors and business certainty.
He felt that this type of long range tax policy would lead to economic growth and minimize political considerations.

We have exactly the opposite approach today. Tax policy changes like the wind. President Obama offer six to eighteen month tax credits that investors and business can have no long ranger certainty in. This is why they are ineffectual and Mellon saw that over 85 years ago.

"Tax revision should never be made the football either of partisan or class politics but should be worked out by those who have made a careful study of the subject in its larger aspects and are prepared to recommend the course which, in the end, will prove for the country's best interest."

What do we get in the 21st century, Presdient Obama making class warfare out of tax policy in addition to offering short term political tax credits that does nothing to inspire confidence in the business sector to invest.

"I have never viewed taxation as a means of rewarding one class of taxpayers or punishing another. If such a point of view ever controls our public policy, the traditions of freedom, justice, and equality of opportunity, which are the distinguishing characteristics of our American civilization, will have disappeared and in their place we shall have class legislation with all its attendant evils."

Another choice quote from Secretary of Treasury Mellon.

"The man who seeks to perpetuate prejudice and class hatred is doing America an ill service. In attempting to promote or to defeat legislation by arraying one class of taxpayers against another, he shows a complete misconception of those principles of equality on which the country was founded."

Still another timeless insight from Mellon.

"Any man of energy and initiative in this country can get what he wants out of life. But when that initiative is crippled by legislation or by a tax system which denies him the right to receive a reasonable share of his earnings, then he will no longer exert himself and the country will be deprived of the energy on which its continued greatness depends."

Adam Smith figured out the problem of taxation 235 years ago when he wrote,

The worst tax is the tax....."which may obstruct the industry of the people and discourage them from applying from certain branches of business which might give maintenance and employment to the great multitudes."

The problem with the Big Government-Cradle to Grave Nanny State that President Obama and the liberal left wing of the Democratic Party insist on is that it is fiscally unsustainable because the tax rates required to fund it surpass that level that Adam Smith warned of and discourage business from employing the multitudes.

The fiscal footprint of the Federal Government must be drastically reduced before our total debt becomes so high that we have no flexibility left at all.

Obamacare must go.
The Department of Agriculture should go.
We should amend the Constitution to do away with the Postal Service.
The Department of Education must be abolished because of its horrendous track record since it was established.
Social Security must undergo reform to raise the retirement age, establish a means test, and be phased out for those under 50.
Medicare has to undergo reform that privatizes the system so that patients know the exact total cost of every procedure they undergo.
If you don't know the cost you use too much of the product, always.

We must reduce the Corporate Tax rate long term, ten years, to give the private sector the long term certainty they require for job creating investment.
We must reduce the capital gains tax to encourage risk taking.
We must reduce the 90,000 pages of government regulations in the Federal Register.

Get America working and carry out massive reforms of entitlement programs and bloated government and America will thrive once again.

Jeez. It didn't take TC very long to rape this thread.

Gunfighter, I'm responding to posts in my thread.
Your insecurity is showing.

It doesn't look like he's responding to statements in the thread to me...

For instance, he hasn't yet answered why he fucked President Eden's bitch. I suggest everyone else demand why he did this so he can't ignore it.

Oh wow, there is no way Obama can lose after passing this legislation. TC's fantasies of a Republican president in 2012 are gone.

http://www.youtube.com/watch?v=_yoRWXrZVzA&feature=related

How bad is Obama's management of the economy.

From today's Wall Street Journal.

A look at long-term unemployment shows just how bad our economy is. Look at the Labor Department data on the number of Americans 16 and older unemployed for 52 weeks or more during the five most recent recessions:

1976 750,000
1982 1,600,000
1994 1,200,000
2004 1,100,000
2010 4,300,000

Total government spending averaged about 19% of gross domestic product from 1996 to 2007 and rose to about 21% in 2008. In the three years of the Obama administration, it has soared to 25%.

The administration is focused on its increasing control of health care, propping up labor unions, increasing taxes, and expanding the scope and size of government. In the first 70 years of the 20th century, American and European economic growth increased together, but then the Europeans shifted toward socialism, and their growth lagged. But with America is rapidly moving toward the European model, we are starting to see its detrimental impact.

Good job, you've worked out that populations grow over time. You deserve a cookie.

bump

It's going to go from bad to worse for Obama if he doesn't find a message to replace his "Americans need to pay higher taxes to pay for cash for clunkers, the General Motors Bailout, the Chrysler Bailout, the bailout of public union employees working in state governments all over the country, the bail out of Fannie Mae and Freddie Mac, and the massive expansion of the federal government under Obama."

Yep, it's going to go from bad to worse if Obama keeps riding that dead horse.

haha shock trooper clearly recognizes that the population grew by a rate of 11:43 from 2004 to 2010 based on his last statement

"haha shock trooper clearly recognizes that the population grew by a rate of 11:43 from 2004 to 2010 based on his last statement"

I was referring to how irrelevant the 1976 figure was. Also, whose term ended just before 2010?

Christie and Palin ain't running. Perry is sinking fast and nobody likes Romney. It will be hilarious if Herman Cain wins this thing.

Actually, what I should say is, who do you think is responsible for any change between 2004 and 2010?

Americans' satisfaction with the way things are going in the United States remains at 11% in September as it was in August, the lowest readings on this measure since December 2008 – and among the worst on record in a trend that dates to 1979… 56% say they are "very dissatisfied." This is the highest level Gallup has ever found on this trend, which extends over a decade and a half. Just 1% of Americans say they are "very satisfied."

Four in 10 Americans “strongly” disapprove of how President Obama is handling the job of president in the new Washington Post-ABC News poll, the highest that number has risen during his time in office and a sign of the hardening opposition to him as he seeks a second term.

While the topline numbers are troubling enough, dig deeper into them and the news gets no better for Obama. Forty-three percent of independents — a group the president spent the better part of the last year courting — strongly disapprove of the job he is doing. Forty-seven percent of people 65 years of age and older — reliable voters in any election — strongly disapprove of how he is doing his job.

He'll lose like a boss.

Presidential Job Approval October 6 2011
Gallup: 41% Approve - 52% Disapprove
Rasmussen: 42% Approve - 56% Disapprove

A third major poll in a matter of months has revealed that disapproval of US President Barack Obama is only increasing as more and more Americans are fed up with a job not-so-well-done by the commander-in-chief.
In a study put out today by Quinnipiac University, pollsters suggest that President Obama’s disapproval rating is at an all-time high of 55 percent, taking into consideration a sample of 2,118 registered voters that were surveyed between September 27 and October 3.
A Gallup poll put out in August revealed Obama’s approval rating to be at a then-all-time low, with only 39 percent of Americans saying they were in favor of the president’s job. Less than a month later, surveys from both The Washington Post and The Wall Street Journal (in conjunction with ABC News and NBC News, respectively) suggested that the president’s disapproval rating hovered just above 50 percent.

A whole "2,118 registered voters"!!! HE'S SCREWED!!!

Seriously, these "approval ratings" are on such a small scale they don't mean shit.

Obama's insistence divisiveness and class warfare will cost him greatly in the 2012 election.

This link leads to a table that compares tax policy. When you compare Barack and Bill it is painfully evident how Obama uses the tax system to redistribute wealth instead of fund the government.

This blatant approach is going to cost him dearly in 2012.

http://www.taxpolicycenter.org/numbers/displayatab.cfm?Docid=3211&DocTypeID=2

I honestly want to know what happens if Obama wins, while not a huge fan of his, do we expect an implosion of the bot that is TC? Or do we expect him to continue ad nauseum.

Even more hilarious would be if a Republican wins, surely then he HAS to stop posting these threads....

P.S TC.... why did you fuck President Eden's bitch?

For all of you anti-Obama sandbaggers. Do you prefer the Republicans who have sat on their ass, not proposing one single jobs bill, while voting on anti-women bills over and over again, preventing pregnant women from getting ER services? These "fiscal conservative" phony clowns, who are spending millions on voter disenfranchisement schemes across the country? These same people who want to pass a massive tax hike on everybody but the rich?