Where does Obama Money come from?

Discussion in 'Public General Chat' started by Gankfest, Jun 30, 2011.

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  1. s o k a r
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    10 years of war, hate mongers, and idiots. Along with a president that instead of fixing things, after 8 years of fuck ups, tries to "reach across the isle" and work with a bunch of people who just want to see him fail so they can get back into office. Leads to a whole lot of fail and a lot less faith from the people.

    Ignorant Haters and Rollover Pussies. WTB Third party.
     
  2. Xamiazi
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    This is a ridiculous post sokar, people that want to see him fail? Democrats have had control of congress for the past 6-8 years now, do you not think that it was the same when Bush was in the office with a democratic controlled congress? Who is wanting to see him fail? I am no Obama supporter, specially now that I am in SpecWar but no one wants to see him fail, I for a fact want him to do the right thing economically as well as morally. Raising our national debt? Supplying foreign militaries with weapons and training? A new war in Lybia that we are fighting for France and Italy for there supply of oil? Moving back to Afghanistan? I could go on for days, I mean srsly there comes a point when you need to stop pointing fingers at Bush and realize that Obama's and the U.S. problems are his to blame and he as well needs to realize this.
     
    Last edited: Jul 6, 2011
  3. Ben K
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    You're fighting in Libya? That's news to me. I thought you passed it over to the French and British within four weeks.
     
  4. Gankfest
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    Damn gotta say people are making some really good points. Yes, no one wants to see him fail; but he is doing that all by himself. Democrats don't control congress now. If you read about debt ceiling news, and article here. You'll see that the Republicans are holding Obama by a leash. It's scary shit, and a lot of people just don't know or are like pfft. If we don't raise the debt ceiling to borrow more money by August 2nd, America will go into default on our loans. This will make our T-bills less valuable and leading to currency being less powerful, resulting in less purchasing power.

    It's a pretty big deal, but at the same time we shouldn't just raise the ceiling to keep spending money without a plan to reduce the deficit. Hopefully Obama can get off the fail train and come up with a reasonable plan that doesn't include taxing upper class even more that will ultimately result in more jobs being lost.
     
  5. Xamiazi
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    trust me we have troops on the ground. We also are aiding these countries with weapons and intel.

    Opps, I meant to say senate; not congress. Good catch.
     
  6. s o k a r
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    How did we reach the debt ceiling though? 10 years of war is costly.

    Remove Bush tax cuts that only benefit corporations and extremely wealthy. Get out of the stupid 10 year war. Don't cut back on education, social security, and pretty much anything that benefits more than 10% of America. Republicans want a reduced debt. They want it through cuts in areas that are already lacking but they refuse to allow bush tax cuts to fall away.

    Democrats only answer that I can hear is the bush tax cuts. Which while they will help they aren't the cure. Even if we stop all the war mongering and war support today it won't reduce the debt. You have to either raise taxes or raise the debt limit. Middle and lower class individuals, families, whatevers are the ones that don't get to eat or pay for their electric when the country is broke. So why to the upper class get a tax cut right now? Why not remove the cuts alleviate some of the pressure and allow both sides to get their heads out of their asses and work together while we pull out of these retarded wars and then in 2016 some asshat can use the reinstatement of the bush tax cuts as their campaign slogan.

    No matter what if both sides don't give in a little to the other then you might as well call us Greece by 2012.
     
  7. EniGmA1987
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    You have no idea how much wealthy people are taxed just so you dont have to pay as much. Even with all the tax cuts they have from Bush, the wealthy are still taxed a ton. Do you know what the taxes are on 1 million dollars? A little more than half a million. Thats more than half the money a person made going to the government so you dont have to pay even more than you do. That isnt fair at all. How would you like more than half the money you make to be taken as taxes? Yet people still complain that we should take away tax breaks to the upper class. ya they have more money than you, but they also have worked way more than you to get that money. What is their reward? massive taxation.
     
  8. Gankfest
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    Ya Obama wants to tax the rich even more then their being taxed now which is why job growth is failing. Rich people invest into stuff, which creates more jobs. The problem is that Obama is saying that the economy is growing and that 2 million jobs have been created. This information comes from failed studies that show this as being true, but in reality isn't happening. The unemployment rate is still inclining, more like 16%, even though Obama says it's 9% is crap. You know the thing about Obama is he talks and people never question the facts and are just whipped over him it's ridiculous. In reality... Majority of the population is fail and don't question anything anymore, you just can't fix "stupid".
     
  9. Sirius
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    He has to. Obama can't do anything by himself; he needs the support of both the Republicans and the Democrats to get anything through, legislatively. Unfortunately he isn't a miracle worker, so we get late, third-rate decisions.

    I have far less interest in how we got here than what has to be done next... and unfortunately it's looking like the only real solution does stuff nobody wants; increase tax revenue (remove tax breaks or tax hikes, whatever works, but it looks like it almost certainly has to happen) and reduce spending, probably including on some stuff we really don't want to (medicare, SS, oh and need I mention the war spending? We may have to declare Afghanistan a loss). There's a lot of wishful-thinking campaigning going on that implies we can solve the problem just by "eliminating government waste"... while that should be done, it's a drop in the bucket and will not balance the books by itself.
     
  10. Ben K
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    I know the French are supplying them weapons. I also know there are aid agencies working in Misrata. But I haven't heard anything about the US operating there anymore beyond providing intel to NATO, and neither the rebels nor Gaddafi's allies want Western troops there.

    Why should I take your word for it? Do you have a reliable source, or is it just guessing?

    I'd be quite happy with paying a marginal tax rate of 55% if it was being used well. The top tax rate here is 37%, and it honestly shouldn't be - because the government is unable to finance its current debt and rebuild Christchurch based on existing tax rates without borrowing hundreds of millions a week. If I was paying 55% in the US, however, where there's so much inefficient government, I'd be very pissed off.
     
    Last edited: Jul 7, 2011
  11. Xamiazi
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    I have reliable sources, I cant however tell you them.
     
  12. Sirius
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    Actually, something I just noticed that I should reply to: yes, the top marginal tax rates in the US are fairly high - they only apply to people earning millions, though, so chances are nobody here is one of them - but ... there are also plenty of ways to dodge those tax rates anyway (I recall capital gains taxes are something like 15% regardless of income - you could save very, very large amounts that way). I doubt a lot of people who are eligible for the 55% income tax bracket are actually paying anywhere near that in fact. The wealthy are also those with the best access to means to get out of paying so much tax.

    I cannot disagree with the assertion (whether or not anyone actually made it) that you do want the "successful" people to be able to actually get something for their work. The other consideration is that excessively high tax will act as a disincentive for these people to stay in the country, and thus could backfire - remembering after all, these people have considerable means. At the same time, the country has to survive, which requires taxation... and it happens that the wealthy are practically the only ones able to afford significant amounts of it. It sucks, but someone has to pay for it... if the rich won't, we're all screwed.
     
  13. decoyninja
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    "Wanting" to do something doesn't have the negative effect you think it does. Here in reality, the tax cuts in question are still in effect and a lot of us are still under the delusion that more tax cuts will reduce the deficit, a decade later.
     
  14. Ben K
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    So I also have to assume they're reliable... I can't do that.
     
  15. Drudge
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    More and more we are becoming an entitlement society and it's sickening to me. Very interesting video, thanks for sharing.
     
  16. Gruune
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    Minus the retirement age of 45 and Sambuca drinking .....
     
  17. Gankfest
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    No I think less government spending is what is going to reduce the deficit.
     
  18. Sirius
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    It can reduce the deficit. Tax cuts counteract that, so the more you cut taxes, the more you have to cut spending.
     
  19. EniGmA1987
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    Tax cuts give people more money to spend though, and with people spending more money jobs are doing more. With jobs doing more they hire more people. Hiring more people gives more people money so they can spend more, around and around. More taxes = people get mad at the government and don't have as much money to spend.

    A lot of people don't agree with that, and a lot of people do. It is one of the primary differences between politics. Some people believe there should be more taxes and the government should spend its newfound money on creating jobs themselves. Some believe tax cuts promote more jobs because the people create them. Time and again, throughout all of history, government spending has been proven to be the worst thing for a country. Sucks to the people who like to believe in that, but its true nonetheless :/ The greatest amount of both affluence of a nation and that nations freedoms comes when the government takes less and lets the people maintain the economy themselves. Government trying to maintain the economy just produces an artificial economy with no true backbone and statistics that are better than reality.

    Additionally, artificial "tax cuts" from things like cash for clunkers, or higher rebate on a tax return as a government bonus dont do anything to help the economy and usually make it worse, since the government then recoups that money through different taxes elsewhere. It doesnt actually give you more money.
     
    Last edited: Jul 8, 2011
  20. Terand
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    So in conclusion, we need a smaller government and more personal responsibility. If only we could resurrect Ronald Regan and have him run as Zombie Regan. Less Taxes, more brains! (pun may or may not be intended)
     
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