Biden On Taxes

[copernicus 0]

Paying more taxes is the patriotic thing to do.If you hold your wallet tighter walking down a city street, you better find a chastity belt for it if the Dems win.

[Pot Odds RAC 23]

What is it with the New Topic button today?

[FCP Bob 1,312]

I'll save this thread and turn the discussion to what is the US going to do about the future Fiscal problems.This article linked is from a Canadian perspective but brings up some really good points.http://www.thestar.com/article/499746Here's the first bit of the article.

'Politics of hope' drowning in swamp of indebtedness There is mounting evidence that America’s current standard of living is not sustainable, writes Michael Warren. U.S. economic crisis makes a mockery of election promisesSep 16, 2008 04:30 AM Michael Warren While Canadians may envy America's "politics of hope" it has a dark underbelly.There is an issue so big, complex and daunting that neither John McCain nor Barack Obama wants to touch it. It is more serious than most Americans imagine. And it has the potential to eclipse and ultimately undermine the election promises and policies of who ever wins the White House in November.It has been called the "dirty little secret everyone in Washington knows." There is even a documentary film entitled I.O.U.S.A that spells it out in convincing detail. But like other inconvenient truths this one is not politically sexy. Solving it requires sacrifice. Simply stated, the United States is living beyond its means. When the income, liabilities and future obligations of its governments are added up there is mounting evidence that America's current standard of living is not sustainable.The signs are everywhere. The U.S. national debt is now well over $9.6 trillion and climbing at a rate of nearly $2 billion a day. More to the point this debt as a percentage of their GNP (all the goods and services they produce) is the highest in fifty years. It is being financed by exponential credit expansion.

[Untilted 158]

Who is Biden?

[nutzbuster 7]

I'll save this thread and turn the discussion to what is the US going to do about the future Fiscal problems.This article linked is from a Canadian perspective but brings up some really good points.http://www.thestar.com/article/499746Here's the first bit of the article.

Strategery.Gotta love Biden. Classic socialist redistribution of wealth tactic. The only problem is this time, because of the current crisis, it just might resonate and hit the right nerves. My problem, moreso than that they want to screw the rich at all, but what do they deem as 'rich'.

[hblask 1]

Claims that you need to sacrifice for the greater good has always been a popular one among charlatans since the beginning of time. Just give a little more of yourself, and the world will be a dreamy place, and oh, don't mind that we're getting rich off your sacrifice and things are really getting worse.As to Bob's article, yes, the US govt is living beyond it's means, and someday will have to take its medicine.

[Balloon guy 158]

I'll save this thread and turn the discussion to what is the US going to do about the future Fiscal problems.This article linked is from a Canadian perspective but brings up some really good points.http://www.thestar.com/article/499746Here's the first bit of the article.

I must say that I generally agree with this.The political will to make the decisions that are correct for the economy and the future of the country are not within reach of 99% of the politicians in Washington today.Any hope that a lame duck president could do what needed done has fallen now, and the long term fix means high interest rates until the foundation is restored, drastic cuts in spending, and a military pull back that will leave the entire world in danger.As bad as it will be for the US, Europe will suffer way more. Once they have to pick up the world's police mantle, with a Russian government desperate to stop their own problems, all the wonderful social programs that are money draining parasites on their economies will go, and the idea of not haivng free healthcare and being required to work before getting money will be a brutal wake up call. The Orient will suffer from huge unemployment when nobody is buying stuff.Canada will do better, because they won't need to pick up the military slack because they are in the best neighborhood in the world.So yes, it will be bad for the US, but our standard of living will not be effected half as bad as the rest of the world.The sad thing is the false hope the politicians are placing on themselves, because neither of them is up to the task. The new taxes Obama team is the most dishonest about what is required.If Obama gets elected, saying I told you so will not be as satisfying as I wish it would be.Maybe I'll buy a fast food franchise, they do well in a down cycle don't they?

[Balloon guy 158]

Who is Biden?

The guy on the dem ticket with any experience

[CaneBrain 95]

The political will to make the decisions that are correct for the economy and the future of the country are not within reach of 99% of the politicians in Washington today.

while it is fun to heap the blame for this on the politicians, dont forget that Americans can look in the mirror.people constatnly vote for the candidate who blows the most sunshine up their a$$. We have serious, fundamental (McCain you putz) problems with our economy.....things that will take more than a fancy economic plan to fix. But the average American does not want to hear that they want to hear how great we are and that the fundamentals of our economy are sound.If one of the candidates actually told the truth about our financial woes they would drop in the polls like a stone.

[hblask 1]

<If one of the candidates actually told the truth about our financial woes they would drop in the polls like Ron Paul did when he told the truth.

FYP

[CaneBrain 95]

FYP

yeppers.although he wants to go even farther than most think is necessary. I dont think we need to go back to the gold standard just yet (paging William Jennings Bryan).

[Balloon guy 158]

while it is fun to heap the blame for this on the politicians, dont forget that Americans can look in the mirror.people constatnly vote for the candidate who blows the most sunshine up their a$$. We have serious, fundamental (McCain you putz) problems with our economy.....things that will take more than a fancy economic plan to fix. But the average American does not want to hear that they want to hear how great we are and that the fundamentals of our economy are sound.If one of the candidates actually told the truth about our financial woes they would drop in the polls like a stone.

I disagree,You take the average adult in America who's raised a family and has a good credit rating and you put them in charge of all congress spending and once they understood the processes, they would correct the whole thing in a matter of days.Not hard to live within your means when you have a decent paycheck.And the common sense needed is not Einstienish, it's Ralph Kramdenish

[hblask 1]

yeppers. although he wants to go even farther than most think is necessary. I dont think we need to go back to the gold standard just yet (paging William Jennings Bryan).

Yeah, he's a bit over the edge on the gold standard thing. I think it would be an improvement, but so slight that it's not worth mentioning. In the day and age of currency trading and money flowing freely around the world, the gold standard is a bit of overkill.

[CaneBrain 95]

I disagree,You take the average adult in America who's raised a family and has a good credit rating and you put them in charge of all congress spending and once they understood the processes, they would correct the whole thing in a matter of days.Not hard to live within your means when you have a decent paycheck.And the common sense needed is not Einstienish, it's Ralph Kramdenish

i think you highly overrate the average American. I am sure anyone with a reasonable accounting degree could figure out in ten seconds that our problem is we spend more than we have. but that does not really relate to the point I am making.....people who dont sugarcoat our economic problems are shown the electoral door.

[Balloon guy 158]

i think you highly overrate the average American. I am sure anyone with a reasonable accounting degree could figure out in ten seconds that our problem is we spend more than we have. but that does not really relate to the point I am making.....people who dont sugarcoat our economic problems are shown the electoral door.

It's a common trait of republicans.The reverse is true of democrats.

[Mercury69 3]

ISO someone to blow sunshine up my ass.

[copernicus 0]

ISO someone to blow sunshine up my ass.

we had all kinds of ways ingenious ways of ingesting LSD, but that one never came up.