This is something we already know. Likely to happen in spite of his "tax cuts".
"He also wants to do away with the $102,000 FICA payroll tax cap, which means anyone making over $102,000 would pay an additional 7 percent in taxes on earned income." unless you're self employed like moi, then you get to pay an additional 14%. The Magic Negro can go scr*w himself and all his little minions.
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Along these tax / spend / deficit lines.
I was having an interesting conversation with one of my yellow dog friends. He was blaming ALL the deficit on GWB, YD says when Bush took office, there was NO deficit. (I told you he was a YD)
Anyway, he's decided that there's little difference in a BILLION and a TRILLION, as far as gub'ment spending goes. So I gave him some homework to do. (I love doing this)
If someone gives you a million dollars and you can spend $1000 per day, how long will it last?
If someone gives you a billion dollars and you can spend $1000 per day, how long will it last?
If someone gives you a trillion dollars and you can spend $1000 per day, how long will it last?
He did the math three times, and decided it's a trick question. (I told you he was a YD)
Regardless, Pres.-elect BOHICA will bury us in debt, mark my words.
The next 4 years is going to be a disaster! BO is an idiot and so are his handlers.
Just because I'm an uneducated French Muslim lover of pork sausage doesn't mean I live in a fantasy world.
BO is the savior. Didn't you get the memo?
I know he promised a chicken in every pot or something but I don't buy it.
Ok....But you are still French
Abu;
You had a bit of a rocky start, here. You made some points, laid down some arguments, and got insulted for your trouble, but I think that all of that was a result of a bunch of folks thinking you were someone else.
Keep trying, I think they'll figure it out pretty soon.
Here is his resume:
http://imamhasankhalil.wordpress.com/
Let's see. He came in anti-Israeli and picked a name that when googled puts him in dubious company. At best he is French
This is me being selfish, okay? Remember, I'm 28 years old, and if I lose everything, I have a lot of time to build it back up again as soon as the political climate becomes more friendly to developing wealth. I know that some of you older folks here won't echo my sentiment, because you don't have the luxury I do. Totally, 100% selfish... Ready?
I hope he fucks things up good. I hope his idiotic tax and spend policies tank us. I hope that his plan for "fairness" on the capital gains tax ends up backfiring right up his... well, you get my point. Liberal policies sink this country. They've done so in the past, and will do so again.
He has even admitted that raising the capital gains tax will reduce revenues from that tax (as it has always done in the past). He wants to do it in the theme of "fairness". So to him, fair doesn't mean helping the poor to get up, it means keeping the well-to-do down. That is a catastrophic idea, because the well-to-do are the ones that create JOBS for the poor.
His ideas are idiotic. Anyone that says my money is better spent by the government than it is by me is a goddamned moron, with very few exceptions (like roads and such)
It will be blamed on Bush for the next 75 years.
And I can see your point. It will give you ample opportunity to grow real wealth by making much more affordable to you now. I don't find fault with that. It's an opportunity.
But I still think your friend is a pig with lipstick until he renounces his evil ways.
Mainly so that people learn that tax and spend fiscal policy is a catastrophe, but yeah, also so that I get to buy in cheap afterwards...
the dumbocrats took control of both houses in 2006 - they are to blame for the last 2 years
I can't wait wait to see how Obama fixes all the evils of the world..
this ought to be a chuckel
Jan. 2007 - Jan. 2009
It doesn't take that long at all for Democrats to screw things up.
It wasn't that long ago that we were dealing in millions. Then we went to billions, now trillions. I'm sure most of you are smart enough to answer this so, what comes after a trillion? Is it really a Gazillion?
Quadrillion, then quintillion.
The republicans are the villians.
Hm. I won't disagree that Elephant Clan has strayed from it's traditional roots in a big way. But I was (and am) under the impression that the beginning of all this was the "mortgage crisis" (complete misnomer) brought on by the 100% asinine loan practices mandated by the Clinton administration's CRA (exacerbated by artifically high oil prices).
(Anybody with FACTS to prove otherwise please feel free to do so. No "you arrogant Conservatives crap", if you please.)
Did Bush allow them to continue? Yes, although he did attempt to investigate, and was blocked by Congress. However, if not for Billy Boy's insistence on the changes, I have full confidence the current situation would not exist.
Why? Because there would have been NO "mortgage crisis" because banks would not have been compelled to underwrite loans to those who could not pay them back. Said banks would not have gone, or been in danger of going under, thereby initiating a cascade effect to the rest of the economy. There would have been no bailout, spawning additional bailout after bailout, to the point that the freaking PORN industry is asking for money [God help us]. With no economic crisis, auto sales would not have tanked, resulting in a non-bailout-needing Big 3 (Granted, their $#!++y business practices are a big part of their problem. That's a whole 'nother post).
My personal opinion? Everybody who was in danger of going under, should have been allowed to, Big 3 included. None of this "They're too big to fail" shite. Would this have been a HUGE blow to the economy? Yes, but no more so than what Oblammo's going to do to it. Difference is, that is how the free market works. If you can't do it right and on/under budget, then too bad for you, somebody else will. Bye-bye. Government getting involved has only f***ed things up, and will continue to do so, just like FDR did.
Hm. Looks like it was an apt comparison after all.
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Why do you guys argue with this clueless MFer? I'm still of the opinion it's a snark, but the verbal barbs turn me off.
(Yes, HLT, I called you a MFer, but it's a response to your constant tirades and language)
The leftys cannot make any argument without being abusive. That's why I rarely address this nut job.
And I'm saying right now, if I ever find out it's one of us (haha Steve-o, I was just goofin') I'll punch that person in their mouth, given an opportunity. The things that HLT has said, cross a line I don't tolerate. If I was in public and you spoke to me like this, or spoke to a lady who was with me, I'd bitch slap you too. Doing it over Algore's interweb doesn't change that.
Beware, MFer, Beware.
What IS that annoying buzzing noise Steve?
No, HLF. Too late. You receive no mercy on misspelling.
Any financial advisor with a sense of propriety and a shred of integrity advised his clients to stay far away from investments in instruments that depended upon a 20% per year appreciation to provide an adequate return. I must admit that the current meltdown in the mortgage markets and ultimately the entire financial system, had its roots in the disinterest of the Bush administration in regulating mortgage backed securities, collateralized mortgage obligations, credit default swaps, etc. The pressure from the Clinton administration to broaden home ownership opportunities to more people had the effect of opening the housing market to individuals and families who were poor credit risks, but the manner in which the markets responded, i. e. MBS, CMOs and the like created a climate that was ripe for dishonesty.
There were many unscrupulous mortgage brokers who sold many "stated income" and "no doc." loans to people who could not afford the required payments and truly did not have the faintest idea of what was meant by the terms ARM, option ARM and balloon payment. These were sold under the scenario that property values would continue to increase at annual double-digit rates, so it would not be difficult to re-finance a mortgage when the initial interest rate expired and rates were set to adjust. There were also too many unscrupulous appraisers who were in bed with mortgage brokers and performed perfunctory, "drive-by appraisals," after first asking, "What do you need this appraisal to show?" Too many greedy people, too many unregulated markets and instruments coupled with an administration uninterested in domestic economic policy have resulted in what we now see.
As I have long said, my problem with Presidents George H. W. Bush and George W. Bush and their administrations was that they completely abandoned the traditional conservative belief in sound fiscal policy in favor of huge budget deficits to finance military adventures and regime change in Iraq. If this is conservatism, count me out. I am feeling as I did when I left the Democratic Party. I did not so much leave the Party; it left me.
I feel as if I have no political safe place. I cannot return to the nutty ideology of the Democrats; nor can I embrace what passes for conservatism under the Republican Party banner. The Libertarian Party, Natural Law Party, Constitutional Party, the Green Party are minor irrelevancies in the political landscape of our current two party system and will never have a significant impact on national elections except to play the role of spoiler. Where the hell do I go from here?
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