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Old 09-26-2008, 12:37 PM
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Originally Posted by Palmetto Publius View Post
Yet you support Obama who will be just as damaging at the minimum, so what's the difference?
The difference is Obama sees that we need to re-regulate greed in our system and develop a sustainable economy. That is the difference.
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Old 09-26-2008, 12:47 PM
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Originally Posted by catawba View Post
The difference is Obama sees that we need to re-regulate greed in our system and develop a sustainable economy. That is the difference.
But what Obama fails to see that the greatest greed is in Washington. The very basis of tax policies in the United States has been to tax at a rate that generates the most possible income to Washington. They balance the rates with the revenues to achieve the maximum income in taxes. It has been that way for a long time. It's always, "Can we squeeze another dime out of the taxpayers."
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Old 09-26-2008, 12:50 PM
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Yes they can. This is a very easy question to answer.
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Old 09-26-2008, 01:24 PM
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Originally Posted by Shiva_TD View Post
But what Obama fails to see that the greatest greed is in Washington. The very basis of tax policies in the United States has been to tax at a rate that generates the most possible income to Washington. They balance the rates with the revenues to achieve the maximum income in taxes. It has been that way for a long time. It's always, "Can we squeeze another dime out of the taxpayers."

Here are my thoughts. The unchecked greed by corporations and speculators is our governments fault for removing the checks and balances needed in our capitalist system. The greed by our government is our fault for allowing it to continue and keep voting them in office. If we continue to reward bad actors with reelection little will change.
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Old 09-26-2008, 02:42 PM
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Originally Posted by catawba View Post

Here are my thoughts. The unchecked greed by corporations and speculators is our governments fault for removing the checks and balances needed in our capitalist system. The greed by our government is our fault for allowing it to continue and keep voting them in office. If we continue to reward bad actors with reelection little will change.
i for one have been for "real" campaign finance reform. as i understand it what passes for campaign finance reform today equates to increasing (is that possible!!??&??) the probability that incumbents are reelected.

others, some in this thread, inform me that that is not possible ~ it apparently infringes on free speech so what to do? wait for the economy to implode? why not, that will give folks time to go to their local public library and figure out what is going on.

in the meantime ponder this by paul krugman;

Quote:
Where will the money for the big bailout come from? I keep being asked that. In the long run, of course, it will come from you — the taxpayer. But what about the immediate cash flow?

The answer, if you think it through, is that it doesn’t have to come from anywhere. Ultimately, the Paulson Plan will move money in a circle.

Think about what’s been happening in the markets. The public basically wants out of the private financial system and into Treasuries. But the financial system has been unable to meet that demand, because it can’t sell off toxic paper. Now, under the Paulson plan, the Treasury will buy the toxic paper, which will give the financial sector the funds to pay off debtors, who will use the funds to buy the Treasuries the feds will have to issue to finance the toxic-paper purchases. ~ the source see also; Thinking the bailout through
in the end i think the bailout is just another ploy, perhaps its last, by the bunch in the whitehouse to put another screwing to we the people ~ get a grip on your family jewels.
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Old 09-26-2008, 03:01 PM
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I guess nlytend didn't want to answer me.
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Old 09-26-2008, 04:04 PM
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Originally Posted by Shiva_TD View Post
But what Obama fails to see that the greatest greed is in Washington. The very basis of tax policies in the United States has been to tax at a rate that generates the most possible income to Washington. They balance the rates with the revenues to achieve the maximum income in taxes. It has been that way for a long time. It's always, "Can we squeeze another dime out of the taxpayers."
Not totally true. The Republicans love to claim the democrats "tax and spend" but historically, looking at the governments own figures, the Republicans have increased spending at a higher percentage than their Democratic counterparts.

It's all part of the Lee At-water spin.

Total Expenditures have risen each year.
Total Receipts have fallen off under Republicans.
Deficits increase faster under Republicans.
http://www.gpoaccess.gov/usbudget/fy07/pdf/hist.pdf

Check out 15.1

So they are not saving you your taxes, what they are doing is getting you to pay interest, knowing full well, some time in the future, you will have to pay that dollar they saved you, in taxes, in full. They are just mortgaging your future so it seems like they are taxing you less. They are actually still spending your tax dollars, but they are borrowing the money from someone else, not you.

Unless you die with no heirs, you or your children will pay for every dollar they spent but borrowed. And you will pay the interest in the mean time. 9% of the federal budget goes to interest payments now.

When Reagan took over, he lowered taxes and total receipts went down, but expenditures jumped. He increased the deficit at a faster rate. We still pay those taxes, just later, because it is borrowed money. In the mean time, we pay interest on them.

When George W. took over, he also lowered taxes, reducing tax revenue, but REALLY jumped expenditures.

Now, I admit, BOTH Democrats and Republicans deficit spend, but the Republicans are historically the real credit abusers.

My view is this: Better to pay 1 more dollar under Democrats who raise taxes and show more fiscal responsibility than to pay a nickle a year for the next 10, and then pay a dollar in taxes under the Republicans.

Democrats: 1 dollar now.
Republicans: .05 + .05 + .05 + .05 + .05 + .05 + .05 + .05 + .05 + .05 + 1 dollar = $1.50 in the long run. (1 dollar borrowed at 5%)

Obviously, the real solution is to get them to stop deficit spending.
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Old 09-26-2008, 04:39 PM
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Originally Posted by calmObserver View Post
i for one have been for "real" campaign finance reform. as i understand it what passes for campaign finance reform today equates to increasing (is that possible!!??&??) the probability that incumbents are reelected.

others, some in this thread, inform me that that is not possible ~ it apparently infringes on free speech so what to do? wait for the economy to implode? why not, that will give folks time to go to their local public library and figure out what is going on.

in the meantime ponder this by paul krugman;


in the end i think the bailout is just another ploy, perhaps its last, by the bunch in the whitehouse to put another screwing to we the people ~ get a grip on your family jewels.

I agree with your points here on real campaign finance reform, and think we should add stiff penalties, including expulsion for elected officials in all levels of government for those found guilty of violating the rules.

We also need to re-regulate speculation going on in the banking and commodity markets. These regulations were established after the depression for a purpose, to prevent exactly the type of economical collapse we are facing today.
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