What happened to all of the doom and gloom economic threads?

[richard_daily]

I got a better Idea, let's pretend your Bozo The Clown.

"you're"

and it's nice that you run from every argument that you get made to look like a dingus... which is all of them.

 

[mercury14]

Yeah.

And much of Obama's "tax cuts" are just more of the same "social engineering" and are actually spending because they're payments going out rather than reductions in marginal rates that make it more attractive for people and businesses to invest.

If one person pays $10 in taxes and another doesn't pay any in year one then the net tax for the year for the government is $10.

In year two, if the first person still pays $10 in taxes, but the government decides to send the second person a check (credit) for $2 so the net taxes for the government is $8...that isn't a "tax reduction" or a "tax cut"...it's just more democrat spending even though Obama and the dems like to proclaim it as such. It isn't the same no matter how much you try to deceive.

I can't believe that you even got a "social work" degree, did they teach memorization but not thinking?

Why are you the only person on the board other than UD who tries to call me ignorant?

You are ignorant. Because you choose to be.

Btw, you just got utterly annihilated on the whole Keynsian thing. You know, that crap that's "proven not to work" while you talk out of the other side of your mouth about how Bush's (very Keynsian) tax cuts have been proven effective. You read these anti-Keynsian bitch-fests on the NRO all the time. But now we're off your play book, aren't we? Look how easily disarmed you are though.

So make up your damn mind. Does Keynsianism work or not? You can't have it both ways.

 

[mercury14]

"you're"

and it's nice that you run from every argument that you get made to look like a dingus... which is all of them.

You know Vette has lost a debate when he stomps off, muttering about 1) cocks, 2) anal openings, or 3) clowns. Call it a window into his disturbing childhood.

 

[unregistered]

 

[IrezumiKiss]

You know Vette has lost a debate when he stomps off, muttering about 1) cocks, 2) anal openings, or 3) clowns. Call it a window into his disturbing childhood.

I think he had a really bad experience in the bathroom at a Ringling Bros. & Barnum And Bailey event that he never told anyone and that his id has repressed for the sake of his sanity and these little blurts are the seams that have frayed and unravelled.

 

[Sean Renaud]

Either we have to increase taxes by 50% (on everyone) or we're going to have to figure out what spending we can do without.

Show your work. I already broke down how a progressive tax works and torn your shit to peices but perhaps you'd like to explain?

Besides there is spending we already plan to do without, Bush Tax Cuts, TARP, Stimulus, Iraq War, Afghani War just off the top of my head. OBama agreed to cut Medicare and Social Security and everybody has been willing to discuss entitlements at anytime.

 

[unregistered]

 

[IrezumiKiss]

I think you had a worse experience during birth, trying to shoulder your way past that seemingly uncooperative sphincter; hell if Art Carney hadn't told that joke in the middle of that big stomach rumble, you might never have been born.

This was like, quite possibly, the king of all fails at comeback insults. Referencing Art Carney?

Guy, there's this brand spanking new technology for television sets called Trinitron from the land of the rising sun. You might wanna check it out and finally upgrade from that black and white tuber.

 

[mercury14]

I didn't stomp off, I'm never out of control. Don't try and build your ego on upsetting me son, it's a losing proposition. That goes for the puppy too.

If you want to talk about losing propositions go look at what you said about Obama having mystical powers to spend $2 trillion dollars without the consent of the Republican House.

Or your lies about Obama spending $2.2 billion to visit India.

Or your "secret website" that shows that 76 Democrats in the House are registered card-carryin' socialists.

 

[koalabear]

If you want to talk about losing propositions go look at what you said about Obama having mystical powers to spend $2 trillion dollars without the consent of the Republican House.

Or your lies about Obama spending $2.2 billion to visit India.

Or your "secret website" that shows that 76 Democrats in the House are registered card-carryin' socialists.

Socialists are now "Progressives, Do try to keep up MORON. Here's your list.

The Congressional Progressive Caucus (CPC) is the largest caucus within the Democratic caucus in the United States Congress with 83 declared members, and works to advance progressive issues and positions.

Arizona

Ed Pastor (AZ-4, Phoenix)
Raúl Grijalva (AZ-7, Tucson) - Co-Chair

California

Lynn Woolsey (CA-6, Santa Rosa)
George Miller (CA-7, Richmond)
Barbara Lee (CA-9, Oakland)
Pete Stark (CA-13, Fremont)
Michael Honda (CA-15, San Jose)
Sam Farr (CA-17, Monterey)
Henry Waxman (CA-30, Los Angeles)
Xavier Becerra (CA-31, Los Angeles)
Judy Chu (CA-32, El Monte)
Karen Bass (CA-33, Baldwin Hills)
Lucille Roybal-Allard (CA-34, Los Angeles)
Maxine Waters (CA-35, Inglewood)
Laura Richardson (CA-37, Long Beach)
Linda Sánchez (CA-39, Lakewood)
Bob Filner (CA-51, San Diego)

Colorado

Jared Polis (CO-02, Boulder)

Connecticut

Rosa DeLauro (CT-3, New Haven)

Florida

Corrine Brown (FL-3, Jacksonville)
Frederica Wilson (FL-17, Miami)
Alcee Hastings (FL-23, Fort Lauderdale)

Georgia

Hank Johnson (GA-4, Lithonia)
John Lewis (GA-5, Atlanta)

Hawaii

Mazie Hirono (HI-2, Honolulu)

Illinois

Bobby Rush (IL-1, Chicago)
Jesse Jackson, Jr. (IL-2, Chicago Heights)
Luis Gutierrez (IL-4, Chicago)
Danny Davis (IL-7, Chicago)
Jan Schakowsky (IL-9, Chicago)

Indiana

André Carson (IN-7, Indianapolis)

Iowa

Dave Loebsack (IA-2, Cedar Rapids)

Maine

Chellie Pingree (ME-1, North Haven)

Maryland

Donna Edwards (MD-4, Fort Washington)
Elijah Cummings (MD-7, Baltimore)

Massachusetts

John Olver (MA-1, Amherst)
Jim McGovern (MA-3, Worcester)
Barney Frank (MA-4, Newton)
John Tierney (MA-6, Salem)
Ed Markey (MA-7, Malden)
Mike Capuano (MA-8, Boston)

Michigan

John Conyers (MI-14, Detroit)

Minnesota

Keith Ellison (MN-5, Minneapolis) - Co-Chair
Mississippi

Bennie Thompson (MS-2, Bolton)
Missouri

William Lacy Clay, Jr. (MO-1, St. Louis)
Emanuel Cleaver (MO-5, Kansas City) - Chairman, Congressional Black Caucus
New Jersey

Frank Pallone (NJ-06, Long Branch)
Donald Payne (NJ-10, Newark)

[edit] New Mexico

Ben R. Luján (NM-3, Santa Fe)
New York

Jerry Nadler (NY-8, Manhattan)
Yvette Clarke (NY-11, Brooklyn)
Nydia Velázquez (NY-12, Brooklyn)
Carolyn Maloney (NY-14, Manhattan)
Charles Rangel (NY-15, Harlem)
José Serrano (NY-16, Bronx)
Maurice Hinchey (NY-22, Saugerties)
Louise Slaughter (NY-28, Rochester)

North Carolina

Mel Watt (NC-12, Charlotte)
Ohio

Marcy Kaptur (OH-9, Toledo)
Dennis Kucinich (OH-10, Cleveland)
Marcia Fudge (OH-11, Warrensville Heights)
Oregon

Earl Blumenauer (OR-3, Portland)
Peter DeFazio (OR-4, Eugene)

Pennsylvania

Bob Brady (PA-1, Philadelphia)
Chaka Fattah (PA-2, Philadelphia)

Rhode Island

David Cicilline (RI-1, Providence)

Tennessee

Steve Cohen (TN-9, Memphis)

Texas

Sheila Jackson Lee (TX-18, Houston)
Eddie Bernice Johnson (TX-30, Dallas)

Vermont

Peter Welch (VT-At Large)

Virginia

Jim Moran (VA-8, Alexandria)
Washington

Jim McDermott (WA-7, Seattle)
Wisconsin

Tammy Baldwin (WI-2, Madison)
Gwen Moore (WI-4, Milwaukee)
Non-voting

Donna M. Christensen (Virgin Islands)
Eleanor Holmes Norton (District of Columbia)Senate members

Bernie Sanders (Vermont)

wiki

 

[mercury14]

yawn...

 

[mercury14]

*laughs at Koaladouche as he scours the internet, utterly failing to find that his magic list of evil people is at all legitimate*

Edit - Wait... Now you're referring to the congressional progressive caucus? What happened to this being the list of socialists? I'm talking about Vette's list of outright card-carrying "socialists". Don't refer me to the progressive caucus.

 

[koalabear]

yawn...

*laughs at Koaladouche as he scours the internet, utterly failing to find that his magic list of evil people is at all legitimate*

Edit - Wait... Now you're referring to the congressional progressive caucus? What happened to this being the list of socialists? I'm talking about Vette's list of outright card-carrying "socialists". Don't refer me to the progressive caucus.

Keep proving you are a MORON, you're doing a great job, MORON

 

[lustatopia]

The Democrats DID actively collaborate with the Republicans, to the point of absolute surrender. You can callt he deal nothing else but a complete surrender of every single ideal they had. There is nothing more to give.

http://www.youtube.com/watch?v=F9S7yhD5M9A

 

[kbate]

Sure. S&P said we need about 4 trillion in deficit reduction to definitely keep our AAA rating. Congress passed 2.4 trillion. Add in another 1t to 1.5t in Bush tax cut rollbacks and we're either there or close enough that the S&P would say we're on the right track enough that they would defer a downgrade.

You've managed to grow that 680 billion into 1.5 trillion in only a few posts. At this rate, that 2.5x government spending factor will be reality (if only on Lit).

 

[richard_daily]

I think he had a really bad experience in the bathroom at a Ringling Bros. & Barnum And Bailey event that he never told anyone and that his id has repressed for the sake of his sanity and these little blurts are the seams that have frayed and unravelled.

I'd think that was the defining moment in his life. The moment that he keeps replaying in his head every time he visits the old glory hole.

 

[richard_daily]

This was like, quite possibly, the king of all fails at comeback insults. Referencing Art Carney?

Guy, there's this brand spanking new technology for television sets called Trinitron from the land of the rising sun. You might wanna check it out and finally upgrade from that black and white tuber.

What is it with him and asses anyways?

 

[Frisco_Slug_Esq]

I love how you just make shit up. The fact is another trillion in deficit reduction from tax increases on the rich would have meant we'd be highly likely to keep AAA. The deficit bill didnt have any increased spending and as you reapeat over and over, the Dems aren't passing a budget right now. Where do you see this spending coming from??? You're talking out of both sides of your mouth again.

Try to say fewer dumbshit things IMO.

You cannot prove that.

 

[richard_daily]

Socialists are now "Progressives, Do try to keep up MORON. Here's your list.

The Congressional Progressive Caucus (CPC) is the largest caucus within the Democratic caucus in the United States Congress with 83 declared members, and works to advance progressive issues and positions.

Arizona

Ed Pastor (AZ-4, Phoenix)
Raúl Grijalva (AZ-7, Tucson) - Co-Chair

California

Lynn Woolsey (CA-6, Santa Rosa)
George Miller (CA-7, Richmond)
Barbara Lee (CA-9, Oakland)
Pete Stark (CA-13, Fremont)
Michael Honda (CA-15, San Jose)
Sam Farr (CA-17, Monterey)
Henry Waxman (CA-30, Los Angeles)
Xavier Becerra (CA-31, Los Angeles)
Judy Chu (CA-32, El Monte)
Karen Bass (CA-33, Baldwin Hills)
Lucille Roybal-Allard (CA-34, Los Angeles)
Maxine Waters (CA-35, Inglewood)
Laura Richardson (CA-37, Long Beach)
Linda Sánchez (CA-39, Lakewood)
Bob Filner (CA-51, San Diego)

Colorado

Jared Polis (CO-02, Boulder)

Connecticut

Rosa DeLauro (CT-3, New Haven)

Florida

Corrine Brown (FL-3, Jacksonville)
Frederica Wilson (FL-17, Miami)
Alcee Hastings (FL-23, Fort Lauderdale)

Georgia

Hank Johnson (GA-4, Lithonia)
John Lewis (GA-5, Atlanta)

Hawaii

Mazie Hirono (HI-2, Honolulu)

Illinois

Bobby Rush (IL-1, Chicago)
Jesse Jackson, Jr. (IL-2, Chicago Heights)
Luis Gutierrez (IL-4, Chicago)
Danny Davis (IL-7, Chicago)
Jan Schakowsky (IL-9, Chicago)

Indiana

André Carson (IN-7, Indianapolis)

Iowa

Dave Loebsack (IA-2, Cedar Rapids)

Maine

Chellie Pingree (ME-1, North Haven)

Maryland

Donna Edwards (MD-4, Fort Washington)
Elijah Cummings (MD-7, Baltimore)

Massachusetts

John Olver (MA-1, Amherst)
Jim McGovern (MA-3, Worcester)
Barney Frank (MA-4, Newton)
John Tierney (MA-6, Salem)
Ed Markey (MA-7, Malden)
Mike Capuano (MA-8, Boston)

Michigan

John Conyers (MI-14, Detroit)

Minnesota

Keith Ellison (MN-5, Minneapolis) - Co-Chair
Mississippi

Bennie Thompson (MS-2, Bolton)
Missouri

William Lacy Clay, Jr. (MO-1, St. Louis)
Emanuel Cleaver (MO-5, Kansas City) - Chairman, Congressional Black Caucus
New Jersey

Frank Pallone (NJ-06, Long Branch)
Donald Payne (NJ-10, Newark)

[edit] New Mexico

Ben R. Luján (NM-3, Santa Fe)
New York

Jerry Nadler (NY-8, Manhattan)
Yvette Clarke (NY-11, Brooklyn)
Nydia Velázquez (NY-12, Brooklyn)
Carolyn Maloney (NY-14, Manhattan)
Charles Rangel (NY-15, Harlem)
José Serrano (NY-16, Bronx)
Maurice Hinchey (NY-22, Saugerties)
Louise Slaughter (NY-28, Rochester)

North Carolina

Mel Watt (NC-12, Charlotte)
Ohio

Marcy Kaptur (OH-9, Toledo)
Dennis Kucinich (OH-10, Cleveland)
Marcia Fudge (OH-11, Warrensville Heights)
Oregon

Earl Blumenauer (OR-3, Portland)
Peter DeFazio (OR-4, Eugene)

Pennsylvania

Bob Brady (PA-1, Philadelphia)
Chaka Fattah (PA-2, Philadelphia)

Rhode Island

David Cicilline (RI-1, Providence)

Tennessee

Steve Cohen (TN-9, Memphis)

Texas

Sheila Jackson Lee (TX-18, Houston)
Eddie Bernice Johnson (TX-30, Dallas)

Vermont

Peter Welch (VT-At Large)

Virginia

Jim Moran (VA-8, Alexandria)
Washington

Jim McDermott (WA-7, Seattle)
Wisconsin

Tammy Baldwin (WI-2, Madison)
Gwen Moore (WI-4, Milwaukee)
Non-voting

Donna M. Christensen (Virgin Islands)
Eleanor Holmes Norton (District of Columbia)Senate members

Bernie Sanders (Vermont)

wiki

And that's supposed to prove what?

The only thing that you're showing effectively, is that you're a paranoid idiot.

 

[Frisco_Slug_Esq]

Just like there would have been no downgrade with another trillion or so in deficit reduction from rolling back the Bush tax cuts on the top 2% wealthiest Americans. Own it.

Prove it.

 

[Frisco_Slug_Esq]

That's pretty fucking hilarious considering the political bullshit that went on with Republicans in the House regarding the Debt ceiling. You remember, the political bullshit that contributed directly to our nation's credit rating being downgraded for the first time in history.

Those aren't the President's words, those are the reasons given by S&P, the ones who issued the downgrade. But I don't expect the heavily conservative Washington Examiner to have anything but bad things to say about the President while ignoring the fact that what he said was absolutely true.

It's equally hilarious that they make the claim that revenues are up, which they are, as long as you don't adjust them for inflation. Adjusted to a constant (2005 dollars) tax revenue is down from $2,304 Billion in 2000 (20.6% of GDP) to $1,919 Billion (14.9% of GDP) in 2010 according to the Tax Policy Center. Meanwhile security discretionary spending has increased by 170% to over $815 Billion since 2001 while mandatory spending (Social Security, Medicare, Medicaid, Veterans benefits) are up just 130% when adjusted for population increases. And most of that is from the Prescription Drug plan that was instituted just a few years ago and have benefited those on a fixed income greatly.

All in all, another typical RightField C&P, long on bullshit and short on actual fact.

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
Senator Barack Hussein Obama, 2006

 

[Frisco_Slug_Esq]

Yeah, *I* need a clue.

Tell us all.
Why do we need a military budget that's more than six times the number two spot on the list? Especially considering the national debt that the right seems to suddenly be so concerned over after voting to raise it more than half a dozen times in the Previous administration.

I'll spot you your goto bullshit answer:
We have obligations to protect other countries because of treaties that were signed.
So we tell them they have to foot the bill for our continued protection, at least partially. Why should I be asked to fund protective services for another country when that money could be put to use helping our own citizens or paying off the debt we've incurred playing at being the world's police officer? Especially since we could put a huge dent in the national debt by doing so in a relatively short amount of time.

If you were actually serious about the national debt and deficits you would be looking at security discretionary spending (which has skyrocketed to 175% of what it was in 2001) instead of just mandatory spending (medicare, Social Security, medicaid, and Veterans benefits).

You would also be looking at the fact that federal revenue has fallen through the floor to near-historic lows. As a percentage of GDP, it's fallen 24 percent since 2001, and if you correct for inflation, the government is collecting nearly 20 percent less per person than it was a decade ago. But don't you DARE talk about removing those tax cuts that were supposed to be temporary and added a boat load to our debt.

Why do you not scream as loudly to get out of Libya as you did Iraq?

Obama said "massacre," and then, unlike Bush, he actually produced one.

An ongoing massacre and where was your thread of consternation and pride over the recent sacrifice of SEAL TEAM SIX? Do we only mention them when they are making Obama look good?

 

[Frisco_Slug_Esq]

i suspect it's too much to think that Obummer might be taking notes:



First tax-free holiday in Arkansas a boon for business

By Suzi Parker

LITTLE ROCK, Ark | Mon Aug 8, 2011 11:21am EDT

(Reuters) - Arkansans shopped until they dropped on Saturday, braving temperatures deep into the triple-digits to take advantage of the state's first sales tax holiday weekend.

"I have never seen anything like this," said Clancy Graham, a manager at Little Rock's RK Collections Boutique, an independently owned store. "If we could do this three times a year, it would be amazing. It has done crazy good stuff for our business."

Arkansas lawmakers approved the holiday in February to give parents a tax break on their back-to-school shopping for items such as uniforms, clothing and school supplies.

The tax-holiday also covers items not necessarily needed for school including wedding apparel, girdles and costumes.

Officials have estimated it would cost Arkansas about $2 million in revenue.

Texas, Mississippi, Florida and other states have had such a holiday for several years to ease the tax burden on families just before the school year, and to encourage consumers.

Rebecca Simpson of Little Rock braved the crowds and heat to buy school uniforms for her five-year-old son. The thermometer stood at 107 degrees Fahrenheit Saturday evening.

"I had to get them there so it seemed like a good idea to wait for the tax holiday," Simpson said. "If I hadn't been limited in where I could get his school clothes, I probably wouldn't have been out in the insanity today. It took forever to check out because they all had special codes to enter to remove the tax."

Graham said sales were phenomenal on Saturday.

"We have tripled our daily goal," Graham said. "We've made more today than we have made in this whole month because it's been so hot no one is getting out."

Graham said customers visited the store earlier in the week to "pre-shop" and returned Saturday to buy their favorites. The store also put summer items on sale to lure buyers.

http://www.reuters.com/article/2011/08/08/us-arkansas-taxholiday-idUSTRE7773GY20110808

KANSAS returned their Obamacare grant...

So did Oklahoma where the wind comes sweeping down the plain...

 

[richard_daily]

Prove it.

Direct quote from the full report:

Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.

You can download it here:
http://www.standardandpoors.com/ser...lobwhere=1243942957443&blobheadervalue3=UTF-8

Let the backpedaling and bullshit flinging begin!

 

[Frisco_Slug_Esq]

Liar. The CBO has said that keeping the Bush tax cuts for the wealthiest 2% of Americans for the next decade will cost $690 billion dollars, plus $140 billion in extra interest on that debt. That's $830 billion when the accounting is done based on borrowing at a AAA credit rating we no longer have. So your Bush cuts just became more costly.

They also say the total Bush cuts will cost us $3.7 over the next decade.

Sources:
http://www.cbo.gov/ftpdocs/108xx/doc10871/BudgetOutlook2010_Jan.cfm
http://cboblog.cbo.gov/?p=465

The CBO does not score "Human Action."

When was the last time a CBO projection, based on linear algebra, was actually borne out in the real world economy?