Recession is here

I agree! Obama should have turned back the Tax Cuts. Also, cut the military they're 1/2 the spending in the Budget.

Oh and Mitt wants to increase military spending by $2Trillion, and he's not told us how he'll pay for that. So again what we're seeing is the 'conservative' candidate wants to increase spending at an even faster rate than the 'liberal' one does.
 
faethor said:
I agree! Obama should have turned back the Tax Cuts. Also, cut the military they're 1/2 the spending in the Budget.
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chart


It's not half, it's 24% and it's do to drop as apart of the pull outs and automatic cuts. Raising taxes will eventually result in lower revenues. Just ask the State of New York about how well their millionaire tax is doing in revenue generation. Watch France if they get their way in screwing the "rich" (Global Elites will just laugh) on how well that does for their economy. Actually, since you think that raising taxes will bring economic growth, how about stating what socialistic states are rocking and rolling right now.


Oh and Mitt wants to increase military spending by $2Trillion, and he's not told us how he'll pay for that. So again what we're seeing is the 'conservative' candidate wants to increase spending at an even faster rate than the 'liberal' one does.
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$2T over how many years and that is with or without baseline budgeting factored in?
 
Dammy said:
chart
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It's not half, it's 24% and it's do to drop as apart of the pull outs and automatic cuts. I doubt that it would drop. Certainly it won't drop if Mitt is the President and the Republicans own Congress. Too many contracts tied up in defense. Too many kick-backs. Even Democrats hate cutting off that money. All you need is an excuse and you can start a new war and crank that budget right back up.

Actually, since you think that raising taxes will bring economic growth, how about stating what socialistic states are rocking and rolling right now.
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I suppose you could look at Brazil. They currently have a woman president who is the leader of the Worker's Party. She is the second consecutive Worker's Party president. The Worker's Party has held the presidency since 2003. Brazil is doing very well thank you.

By the way, if they nationalized health care in the US then the spending on health care by the government would be pretty much unchanged except that private businesses and private individuals would no longer be out of pocket buying health insurance. That would be a massive injection of nearly a trillion dollars a year into the hands of the people and businesses that they wouldn't have to spend on private plans.

Furthermore, the US is doing much better with its fairly loose monetary policies than Europe is doing under "austerity". Pulling the money out of your economy tends to make things worse, not better.
 
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"private individuals would no longer be out of pocket buying health insurance."
------------------------------------

I see you still think the Tooth Fairy pays for Canada's Nationalized health care.

I'll bet the Easter Bunny brings you eggs every year too.
 
Fade said:
I see you still think the Tooth Fairy pays for Canada's Nationalized health care.
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The Canadian government pays about what the US government pays for health care per person. However you also pay the same amount again on private health care plans. You know maths, right? So if the taxpayers are still paying exactly the same taxes to fund health care but aren't spending an equal amount privately on top of that, then ...
 
i heard a figure earlier today that it would put about a trillion dollars back into the consumers hands...
 
FluffyMcDeath said:
I suppose you could look at Brazil. They currently have a woman president who is the leader of the Worker's Party. She is the second consecutive Worker's Party president. The Worker's Party has held the presidency since 2003. Brazil is doing very well thank you.
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Brazil

The top income tax rate is 27.5 percent. The standard corporate tax rate is 15 percent, but a 10 percent surtax and 9 percent social contribution on net profit paid by most industries bring the effective rate to 34 percent. Other taxes include a financial transactions tax, with the overall tax burden equal to 34.3 percent of total domestic income. Public spending is over one-third of GDP, resulting in chronic budget deficits. Government debt is 66.8 percent of GDP.
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It is costly and time-consuming to launch or close a business. On average, it takes more than 119 days to start a company. Stifling labor regulations continue to undermine employment and productivity growth. Mandated benefits amplify overall labor costs. Inflationary pressures remain significant.
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metalman said:
Brazil
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The Heritage Foundation rates other countries based on how easy it is for America's elites to rape them of their wealth. The more wealth that other countries keep for themselves and their people, the less the favourably the Heritage Foundation rates them.
 
FluffyMcDeath said:
The Heritage Foundation rates other countries based on how easy it is for America's elites to rape them of their wealth. The more wealth that other countries keep for themselves and their people, the less the favourably the Heritage Foundation rates them.
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:rolleyes:
also by tax rates, Brazil's tax rates are lower than the US rates
 
Dammy said:
It's not half, it's 24% and it's do to drop as apart of the pull outs and automatic cuts.
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http://en.wikipedia.org/wiki/2012_United_States_federal_budget#Total_outlays_by_agency
Dept defense is $683B + Veterans Affairs $59B + Homeland Security $58B + NASA $18B = $817B
That doesn't include the Defense that some Department projects are. And it doesn't cover the past military share of borrowing as interest. Of a $3.7T that's Better than 40%. I'd agree 50 is a bit high but a much closer estimate than 25.

$2T over how many years and that is with or without baseline budgeting factored in?
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If he's not covering cost it's more borrowing. So does his deficit matter less than Obamas? No.
 
Dammy said:
So according to Fluffy, Brazil is a nice socialist country, so socialism is responsible for the massive deforestation?
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from your linked article...

Some environmentalists argue that rising demand for soy and cattle is prompting farmers to clear more of their land.
But others see a direct link between the jump in deforestation and months of debate over easing an existing law on forest protection.
"You have 300-400 lawmakers here in Brasilia sending the message that profiting from deforestation will be amnestied, that crime pays," Marcio Astrini from Greenpeace told Reuters.

looks like rampant capitalism... ;)
 
faethor said:
cut the military they're 1/2 the spending in the Budget.
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Defense is one of the obligations of the federal government and is explicitly mandated by the Constitution. Cuts should be in entitlements since there not constitutional responsibilities of the federal government
 
metalman said:
Defense is one of the obligations of the federal government and is explicitly mandated by the Constitution. Cuts should be in entitlements since there not constitutional responsibilities of the federal government
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uhm... actually... you couldn't be more off target if you tried... :confused:
 
metalman said:
Defense is one of the obligations of the federal government..
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and "defense" means attacking other countries on flimsy excuses and building military bases in every place you conquer. It also means building super expensive airplanes that kill your own pilots.
 
FluffyMcDeath said:
and "defense" means attacking other countries on flimsy excuses and building military bases in every place you conquer. It also means building super expensive airplanes that kill your own pilots.
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Pax Americana

and if that doesn't work out their is always
War Plan "Red"
 
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