....lybob Posted July 13, 2011 Share Posted July 13, 2011 Link to comment Share on other sites More sharing options...
whateverdude Posted July 13, 2011 Share Posted July 13, 2011 The top marginal rate fell from 70 percent when he came into office to 28 percent when he left, Nuff said Link to comment Share on other sites More sharing options...
KD in CA Posted July 13, 2011 Share Posted July 13, 2011 Don Regan raised taxes? I didn't know the Secretary of the Treasury could do that back then. Link to comment Share on other sites More sharing options...
pBills Posted July 13, 2011 Share Posted July 13, 2011 youtube.com/watch?v=PrQEVkOiAm4 Don't bring the be all end all Reagan into this!! He would never do anything "bad" Link to comment Share on other sites More sharing options...
birdog1960 Posted July 13, 2011 Share Posted July 13, 2011 youtube.com/watch?v=PrQEVkOiAm4 "obstinate, mindless rejection on the part of the republicans"....well said, although i found it kinda funny he called it a snow job while calling from aspen. these ex govt guys always land on their feet don't they? Link to comment Share on other sites More sharing options...
Gary M Posted July 13, 2011 Share Posted July 13, 2011 youtube.com/watch?v=PrQEVkOiAm4 IT IS NOT A REVENUE PROBLEM, IT IS A SPENDING PROBLEM!!!!! Nuff said Link to comment Share on other sites More sharing options...
birdog1960 Posted July 13, 2011 Share Posted July 13, 2011 IT IS NOT A REVENUE PROBLEM, IT IS A SPENDING PROBLEM!!!!! Nuff said not near enough Link to comment Share on other sites More sharing options...
Magox Posted July 13, 2011 Share Posted July 13, 2011 Actually right now we do have a major revenue problem, but once the economy does get back on solid ground, which could take a while, then yes, spending is the predominant problem. Link to comment Share on other sites More sharing options...
DC Tom Posted July 13, 2011 Share Posted July 13, 2011 IT IS NOT A REVENUE PROBLEM, IT IS A SPENDING PROBLEM!!!!! Nuff said When you're $13T in debt, it's both. Link to comment Share on other sites More sharing options...
pBills Posted July 13, 2011 Share Posted July 13, 2011 IT IS NOT A REVENUE PROBLEM, IT IS A SPENDING PROBLEM!!!!! Nuff said IT'S BOTH!! Link to comment Share on other sites More sharing options...
TPS Posted July 13, 2011 Share Posted July 13, 2011 That's also one of the reasons they raised the payroll tax, as it was a backdoor way of alleviating their deficit fears. Those were the days when Republicans cared about deficits. Oh, wait, they care again now... Link to comment Share on other sites More sharing options...
Dante Posted July 13, 2011 Share Posted July 13, 2011 (edited) Actually right now we do have a major revenue problem, but once the economy does get back on solid ground, which could take a while, then yes, spending is the predominant problem. Yes it's like I gave my American Express card to my 16 year old and he ran it up to $150,000 on cell phones, tech goodies and fast food. Now I have a revenue problem cause I only make 65k a year. So I guess my solution is to start breaking into neighbors houses, sell drugs or steal cars to make up the difference. Edited July 13, 2011 by Dante Link to comment Share on other sites More sharing options...
Magox Posted July 13, 2011 Share Posted July 13, 2011 Yes. Like I ran up my American Express to $100,000 on crap this month but I only make 65,000 a year. I guess I do have a revenue problem. Link to comment Share on other sites More sharing options...
birdog1960 Posted July 13, 2011 Share Posted July 13, 2011 Yes it's like I gave my American Express card to my 16 year old and he ran it up to $150,000 on cell phones, tech goodies and fast food. Now I have a revenue problem cause I only make 65k a year. So I guess my solution is to start breaking into neighbors houses, sell drugs or steal cars to make up the difference. obstinate and mindless ... Link to comment Share on other sites More sharing options...
Gary M Posted July 13, 2011 Share Posted July 13, 2011 When you're $13T in debt, it's both. Over spending caused the debt, the debt did not cause a revenue shortfall. Link to comment Share on other sites More sharing options...
/dev/null Posted July 13, 2011 Share Posted July 13, 2011 Okay, so who else thinks lybob was sitting in front of his computer in drag trying to impersonate Dana Carvey when he came up with this thread title? Link to comment Share on other sites More sharing options...
Dante Posted July 13, 2011 Share Posted July 13, 2011 (edited) obstinate and mindless ... Federal and state tax combined I'm at about 35%. Tack on user tax and all the hidden taxes businesses pay and get passed on to us .I'm curious what percentage would be up to. Lets be conservative and say its another 10%. Were up to 45% of money that I work for being confiscated by various levels of government. And Obamacare hasn't even kicked in yet. How much is enough? When do the feds start making sacrifices? Private sector taking a beating but they don't miss a beat. http://www.usatoday.com/news/washington/2009-12-10-federal-pay-salaries_N.htm How about cutting some redundant offices. How about slashing acorn or any other bs deals. Collectively we pay enough. The problem is on the government end. Mindless? I'm starting to think that I'm one of the few left around here that has one. I work for my money they don't. There has to be a fundamental change in thinking among the citizens to get rid of all these guys in both parties. Problem is there are to many either employed or getting hand outs from the government. Edited July 13, 2011 by Dante Link to comment Share on other sites More sharing options...
birdog1960 Posted July 13, 2011 Share Posted July 13, 2011 (edited) Federal and state tax combined I'm at about 35%. Tack on user tax and all the hidden taxes businesses pay and get passed on to us .I'm curious what percentage would be up to. Lets be conservative and say its another 10%. Were up to 45% of money that I work for being confiscated by various levels of government. And Obamacare hasn't even kicked in yet. How much is enough? When do the feds start making sacrifices? Private sector taking a beating but they don't miss a beat. http://www.usatoday.com/news/washington/2009-12-10-federal-pay-salaries_N.htm How about cutting some redundant offices. How about slashing acorn or any other bs deals. Collectively we pay enough. The problem is on the government end. Mindless? I'm starting to think that I'm one of the few left around here that has one. I work for my money they don't. There has to be a fundamental change in thinking among the citizens to get rid of all these guys in both parties. Problem is there are to many either employed or getting hand outs from the government. i agree. we need cuts, and radical ones at that. the current course is unsustainable. but we also need increased revenue. i don't doubt you pay more than your share but lets start with an end to corporate welfare. the couple hundred million they get from stopping the private plane write off is only symbolic but important and yet they can't agree to do even this. how are they ever gonna agree to cutting SSI, decreasing healthcare spending and removing pet projects? but they need to limit the debt ceiling now. a guy from a nonpartisan think tank was on pbs newshour last night explaining the repercussions of not doing it. paradoxically one of the first things to happen is a further increase in the debt along with very damaging loss of confidence from debt holders over 1/2 of whom are foreign. this damage would take years to repair and cost many billions in higher needed interest rates to attract investors. Jay Powell bipartisan policy center Edited July 13, 2011 by birdog1960 Link to comment Share on other sites More sharing options...
Adam Posted July 13, 2011 Share Posted July 13, 2011 Just because someone has a specific ideology, doesn't mean that the perfect conditions exist to enact that ideology. That fact is, we should have raised taxes 10 years ago, to pay for the war and if we decided that the economy wouldn't be able to handle increased taxes, we shouldn't have gone to war. Link to comment Share on other sites More sharing options...
birdog1960 Posted July 13, 2011 Share Posted July 13, 2011 Just because someone has a specific ideology, doesn't mean that the perfect conditions exist to enact that ideology. That fact is, we should have raised taxes 10 years ago, to pay for the war and if we decided that the economy wouldn't be able to handle increased taxes, we shouldn't have gone to war. or you could argue that we shouldn't have gone even if we could afford it Link to comment Share on other sites More sharing options...
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