Question
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Feb 25, 2009, 07:05 PM
| | Senior Member | | Join Date: Mar 2007
Posts: 782
| | | Are you smarter than a politician? The New York Times > Log In Quote:
The evidence, however, is hard to square with the theory. A recent study by Christina D. Romer and David H. Romer, then economists at the University of California, Berkeley, finds that a dollar of tax cuts raises the G.D.P. by about $3. According to the Romers, the multiplier for tax cuts is more than twice what Professor Ramey finds for spending increases. |
There seems to be two camps:
The Obama [ and one can rightly say the Bush admin ] camp that thinks the best use of money is to take it, I mean, tax people and "spread" it around as determined by the politicians.
for example: Big Dig's red ink engulfs state - The Boston Globe
or Medicare part D
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The other camp believes that workers should keep as much of the money they earn and let the individual determine how their money is spent, without effecting other people.
Hey, was not the Boston tea party just about this issue?
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For those who are in the Obama camp, can you give me examples of how the government spent your tax dollars better than you did?
If you don't pay taxes or have not paid taxes - your answer is null and void.
G&P | | | | | | |
Answers
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Feb 25, 2009, 09:05 PM
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#2
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Join Date: Dec 2007
Posts: 3,104
| Very nice article, in the NY Times, no less. Thanks. |
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Feb 26, 2009, 07:04 AM
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#3
| | Ultra Member
Join Date: Jan 2007 Location: Amarillo, TX
Posts: 1,096
| I may be smarter than a politician but not nearly as clever. I don't have enough smoke and mirrors to get away with what they manage to pull off. Obama's 2% Illusion Quote: |
taking every taxable "dime" of everyone earning more than $75,000 in 2006 would have barely yielded enough to cover that $4 trillion.
| But then with liberals good intentions are what matters. Soaking the "rich," providing cradle to grave care, talking about race, etc. accomplish little - and often just make things worse - but sure make them feel good about themselves. |
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Feb 26, 2009, 07:59 AM
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#4
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Join Date: Aug 2005 Location: On the outside
Posts: 13,114
| Quote:
Originally Posted by inthebox There seems to be two camps | Hello in:
I count three.
There's the ones who think we should be giving away money that we don't have yet (spending).... And, there's the ones who think we should be giving away money that we'll never get (tax cuts)...
There's a third camp who thinks we shouldn't be giving away ANY money at all.
excon |
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Feb 26, 2009, 08:21 AM
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#5
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Join Date: Jan 2007 Location: Amarillo, TX
Posts: 1,096
| Tax cuts aren't giving away money we'll never get, that's like saying what you earned never belonged to you, it all belongs to the government. Excuse me, but it's my money. |
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Feb 26, 2009, 08:26 AM
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#6
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Join Date: Dec 2007
Posts: 3,104
| Quote:
Originally Posted by speechlesstx Tax cuts aren't giving away money we'll never get, that's like saying what you earned never belonged to you, it all belongs to the government. Excuse me, but it's my money. | "I consider all the ill as established which may be established. I have a right to nothing which another has a right to take away." --Thomas Jefferson to Uriah Forrest, 1787. ME 6:388, Papers 12:477 Jefferson on Politics & Government: The Bill of Rights |
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Feb 26, 2009, 09:09 AM
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#7
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Join Date: Aug 2005 Location: On the outside
Posts: 13,114
| Quote:
Originally Posted by speechlesstx Tax cuts aren't giving away money we'll never get, that's like saying what you earned never belonged to you, it all belongs to the government. Excuse me, but it's my money. | Hello again, Steve:
Not really.... It's only your money until the IOU comes due.
The government (YOU & ME) owes x. The government SPENDS more than it collects, and borrows (or prints) the difference. That's the deficit.
So, the government can increase the spending of money it doesn't have, thereby increasing the deficit by THAT amount.
Or, the government can forgo money it won't ever collect, thereby increasing the deficit by THAT amount.
Take your pick. One is robbing Peter to pay Paul. The other is robbing Paul to pay Peter. Either way, YOU and I, or our children are gonna have to pay it back.
excon |
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Feb 26, 2009, 09:44 AM
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#8
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Join Date: Jan 2007 Location: Amarillo, TX
Posts: 1,096
| I get how that works, ex, but it's still saying the same thing - what's mine is the government's - and that is precisely the problem, why YOU & ME "owes x." Thanks to the people you guys elected it's only going to get worse, and I resent having to take my earned income to bail out deadbeats. I paid for my house, I don't deserve the burden of someone else's mortgage. |
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Feb 26, 2009, 10:57 AM
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#9
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Join Date: Aug 2005 Location: On the outside
Posts: 13,114
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Originally Posted by speechlesstx Thanks to the people you guys elected it's only going to get worse, and I resent having to take my earned income to bail out deadbeats. | Hello again, Steve:
Then, you never should have given Democrats the chance. I know you don't like to get beaten up by what the dufus did.... I'm sorry. I feel your pain... But, YOU elected him, and it DID get worse.
If he hadn't been the dufus he was, the Democrats would NOT have a blank check today. So, in my view, YOU had MORE to do with Obama getting elected than I did. Your protestations are too little, too late.
You supported an administration that oversaw the looting of America. I'd be more pissed at THAT, than having to bail out your neighbors.
excon |
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Feb 26, 2009, 01:58 PM
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#10
| | Ultra Member
Join Date: Jan 2007 Location: Amarillo, TX
Posts: 1,096
| I get it, either way it's my fault so I should just willingly and gratefully surrender. One thing though, since when did any party, administration or congress deserve a blank check? Before this election I just can't picture you giving anyone a blank check. My how things change. |
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