With what money?

[birdlike 0]

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And don't forget, we'll all get universal health care in addition to the lower taxes.

Sounds pie in the sky to me, but with no actual experience, maybe he thinks that is possible.

+1! Good one!

Spirits fly on dangerous missions
Imaginations on fire

[normiss 806]

remember his comments on inhaling!

[idrankwhat 0]

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remember his comments on inhaling!

Yea, honest and forthright. What kind of politician does he think he is?

[AWL71 0]

BullShit! No such thing as a honest politician. Both Obama and McCain will say whatever it takes to get elected. I will vote McCain since he ranks lower on the love of socialism scale.

The most terrifying words in the English language are: I'm from the government and I'm here to help.

[DrewEckhardt 0]

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So Obama in his interview says he will cut taxes for 95% of the country. The Govt already spends more than they bring in. So how will Obama pay for all of this?

When Obama says he'll "cut taxes." he means that he'll cut taxes from what they'd otherwise be when the Bush 43 tax cuts expire.

For some of us, that means an increase compared to what we're paying now.

The top 5% of earners cover 57% of the income taxes and top 1% 37% of taxes. Where Obama admits to raising taxes there's a bigger pool to draw from than where he claims to be cutting.

[DrewEckhardt 0]

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What's one of the Democrat's party planks? More welfare - i.e., "bread and circuses"

At least they're cutting out the middle man. The Republicans do the same thing less efficiently by indirecting through companies like KBR and Boeing.

Of course, with half the country only covering 3% of the income tax burden needed to cover most of the bill things aren't going to change regardless of who gets ellected.

[Gawain 0]

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like it's McCain's fault the economy is in the shitter.

No but when he thinks all is well or does not realize how bad it is it shows a lack of judgment, And an inability to admit the facts something GWB has had a problem with.

In 2005, McCain co-sponsored a bill to reform all of the GSEs, he saw this train wreck coming. It was stalled and then killed.

So I try and I scream and I beg and I sigh
Just to prove I'm alive, and it's alright
'Cause tonight there's a way I'll make light of my treacherous life
Make light!

[StreetScooby 5]

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Yet I continue to hear that Obama's economic plan (which has more specifics than McCain's) comes closer to balancing than his opponent's. McCain's plan cuts revenues over ten years by $4.2 trillion. Obama's cuts revenues by $2.8 trillion.
So (very) basically Obama's plan helps more people and costs less. Interesting.

Don't forget that McCain plans on reducing government spending. There's where he plans for the balancing to occur.

Obama will not be able to deliver on his ideas.

We are all engines of karma

[StreetScooby 5]

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So let me get this straight your ok with bailing out multi-billion dollar corporations but the regular Joe can fuck themselves?

So, do you think those corporations are still in business after the bail out? What's being bailed out is the rest of our financial economy. That corporation's senior executives are fired, golden parachutes are being rescinded, stock holders are wiped out of their position, bond holders get to be first in line for what's left over. You make it sound like things don't change when you're bailed out.

We are all engines of karma

[kallend 2,027]

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Yet I continue to hear that Obama's economic plan (which has more specifics than McCain's) comes closer to balancing than his opponent's. McCain's plan cuts revenues over ten years by $4.2 trillion. Obama's cuts revenues by $2.8 trillion.
So (very) basically Obama's plan helps more people and costs less. Interesting.

Don't forget that McCain plans on reducing government spending. There's where he plans for the balancing to occur.

Same old GOP mantra. Pity that they never deliver on it. Reagan presided over the largest increase ever in government spending. Then GWB came along and broke his record.

Anyone who believes the GOP leopard can change its spots is delusional.

...

The only sure way to survive a canopy collision is not to have one.

[StreetScooby 5]

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I just can't understand how we can criticize someone for raising taxes on 5% when all of us are being billed over and over again for these huge corporations.

So, you've actually received bills for these bailouts?
I doubt that.

In every case where Paulson has put govt money on the table he has done the following:
1) The Fed/govt now owns 80% of your company.
2) All of the company's assets are pledged as collateral (i.e., Fed is first in line if bankruptcy)
3) Senior management is completely removed.
4) The Fed is in charge.

Once the Fed has unwound assets in an orderly fashion, I expect them to sell that 80% stake to private/coporate interests. The green paper made in the transaction will be returned to the Treasury, probably at a profit, since those corporations being bailed out have very low stock prices at the time.

Only if the corporation goes completely belly up, and is left with no assets, will be tax paying public be on the hook. That's unlikely to happen since the Fed will actually be in charge of the company's operations, while it's being wound down.

You're hearing worst case scenarios, which is what our media is good at hyping.

We are all engines of karma

[StreetScooby 5]

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The redistribution should not necessarily be in the form of cash, but but those making a higher income should pay higher taxes than low income persons

They already do, and significantly so in actual dollars paid.

We are all engines of karma

[StreetScooby 5]

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Reagan presided over the largest increase ever in government spending. Then GWB came along and broke his record.

Interesting article in the WSJ last week. They showed data which says the Democrats have been responsible for outrageous spending increases in the last two years. What happened in the last two years? Democrats won control of Congress? Remember pay-go? Well, it's turned into pay-no.

We are all engines of karma

[masterblaster72 0]

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So Obama in his interview says he will cut taxes for 95% of the country. The Govt already spends more than they bring in. So how will Obama pay for all of this? And if the only thing you come up with is "pull out of Iraq" or "reverse the Bush tax cuts" then you are way short on what Obama is proposing to spend.

So going along the same lines, you'd certainly be opposed to starting another war as that too would also bring up the "with what money" question, right?

Be humble, ask questions, listen, learn, follow the golden rule, talk when necessary, and know when to shut the fuck up.

[kallend 2,027]

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Reagan presided over the largest increase ever in government spending. Then GWB came along and broke his record.

Interesting article in the WSJ last week. They showed data which says the Democrats have been responsible for outrageous spending increases in the last two years. What happened in the last two years? Democrats won control of Congress? Remember pay-go? Well, it's turned into pay-no.

Did GWB lose his veto pen again?

Largest number of earmarks ever was in 2005. GOP in control of both parts of Congress.

Here's a counter opinion to your WSJ.

...

The only sure way to survive a canopy collision is not to have one.

[billvon 3,006]

>Don't forget that McCain plans on reducing government spending.
>There's where he plans for the balancing to occur.

So does Obama. Yet McCain wants to continue the twelve billion a month Iraq war indefinitely, and Obama wants to end it sooner rather than later. So far only Obama seems to have a real way to cut expenditures, other than the "cut the fat" nonsense that all politicians spew constantly.

(And if Palin ends up in charge and continues with her earmark spending spree, we will _really_ be in trouble.)

[jcd11235 0]

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And if Palin ends up in charge and continues with her earmark spending spree, we will _really_ be in trouble.

But think of all of the new bridges BASE jumpers will have access to. Won't somebody think of the BASE jumpers?

Math tutoring available. Only $6! per hour! First lesson: Factorials!

[Ron 10]

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You mean like those rebate checks the Shrub pushed through this past spring? Hey everyone who was bragging about the new TV or extra skydives they were gonna spend the money on....you're welcome

How do you feel about the fact Obama has promised another round of rebate checks?

"No free man shall ever be debarred the use of arms." -- Thomas Jefferson, Thomas Jefferson Papers, 334

[livendive 8]

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You mean like those rebate checks the Shrub pushed through this past spring? Hey everyone who was bragging about the new TV or extra skydives they were gonna spend the money on....you're welcome

How do you feel about the fact Obama has promised another round of rebate checks?

I haven't heard that promise. If so, I likely wouldn't be a fan.

Blues,
Dave

"I AM A PROFESSIONAL EXTREME ATHLETE!"
(drink Mountain Dew)

[Rookie120 0]

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I haven't heard that promise. If so, I likely wouldn't be a fan.

Then your gonna love this!

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NEW YORK (CNNMoney.com) -- On the first day of what is to be a two-week economic tour around the country, Barack Obama said Monday that lawmakers should inject another $50 billion immediately into the sluggish U.S. economy.

The presumptive Democratic presidential nominee cited the largest monthly increase in the unemployment rate in over 20 years, and record highs in oil prices, food prices and foreclosures.

"Such relief can't wait until the next president takes office. ... That's why I've called for another round of fiscal stimulus, an immediate $50 billion to help those who've been hit hardest by this economic downturn," Obama told a crowd in Raleigh, N.C.

He said that he supports the expansion and extension of unemployment benefits, as well as a second round of tax rebate checks.

Last week, Democratic leaders on Capitol Hill said that the latest unemployment rate shows that Congress and the Bush administration need to do more to help workers and the unemployed. And they called for a second round of fiscal stimulus.

An economic stimulus package that passed in early February featured tax rebates that are now being sent to more than 130 million Americans. On Friday, the Treasury Department reported that so far it has sent out nearly 67 million stimulus payments worth approximately $57 billion.

Extending unemployment insurance benefits was one measure tossed out of that legislation, but it's considered a leading contender if more stimulus is put in place. One bill, expected to go to the House floor for consideration this week, calls for an additional 13 weeks of benefits to be added to what is typically a 26-week cap on federal payments. In addition, it calls for 13 weeks on top of that for workers in states with very high unemployment rates.

Obama didn't offer details about how much money could go toward rebates and how much would be used to pay for benefits extensions. But the $50 billion in total stimulus that he's calling for represents less than a third of the $170 billion earmarked for the first stimulus package, the bulk of which is being spent on rebates. And the jury is still out on how successful those rebates will be stimulating the economy.

If you find yourself in a fair fight, your tactics suck!

[Rookie120 0]

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So far only Obama seems to have a real way to cut expenditures,

What campaign spech are you watching? Everything I ever see or have heard is some new plan to spend and spend some more. What cuts is he proposing?

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other than the "cut the fat" nonsense that all politicians spew constantly.

They spew it until it's a pet project in there home town. Lots of double talk.

If you find yourself in a fair fight, your tactics suck!

[Ron 10]

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I haven't heard that promise. If so, I likely wouldn't be a fan.

No offense...But have you read his own website? He lists line item after line item of taxing (them) and then spending or giving (to us).

One item is his proposed windfall tax on energy companies that he would then give rebates of 1,000 to families.

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Enact a Windfall Profits Tax to Provide a $1,000 Emergency Energy Rebate to American Families:Barack Obama and Joe Biden will enact a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills. This relief would be a down payment on the Obama-Biden long-term plan to provide middle-class families with at least $1,000 per year in permanent tax relief.

The problem is that the last time this was tried, by Carter, it failed and actually increased our dependence on foreign oil.

http://www.taxfoundation.org/news/show/1168.html

"No free man shall ever be debarred the use of arms." -- Thomas Jefferson, Thomas Jefferson Papers, 334

[billvon 3,006]

>What campaign spech are you watching?

?? I'm not. I'm reading his books.

>Everything I ever see or have heard is some new plan to spend and
>spend some more.

Both candidates plan to spend and spend while cutting taxes. McCain will spend billions on mortgage refinancing, student loan programs and his new veteran "medical card" program.

What hard numbers do either party have? One easy one to get is how much money the government will lose due to tax cuts. In this case, McCain will cost the government 4 trillion, Obama 3 trillion over the next 10 years. If, however, the Bush tax cuts are extended, then Obama's plan gets us 600 billion in additional revenue, while McCain's will cost us 600 billion.

When asked how he will cover this shortfall, McCain has replied pretty vaguely. So far he's proposed user fees and "eliminating corporate tax loopholes" - although, of course, he's also promising to cut corporate taxes.

Obama has one clear way to reduce spending - end the war. It won't balance the budget, but will go a long way towards ending the rapid increase of the deficit.

[livendive 8]

I'm not really opposed to extending unemployment benefits, provided they're incentivized to encourage any work, even if lower paying. But another check "just because"? Yeah, that's just throwing good money after bad. The first one was stupid and did nothing but hurt the big picture, why would this one be any different?

Blues,
Dave

"I AM A PROFESSIONAL EXTREME ATHLETE!"
(drink Mountain Dew)

[kallend 2,027]

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So far only Obama seems to have a real way to cut expenditures,

What campaign spech are you watching? Everything I ever see or have heard is some new plan to spend and spend some more. What cuts is he proposing?

.

Did you know we're spending $12Billion a MONTH on the war that Bush started under false pretenses?

...

The only sure way to survive a canopy collision is not to have one.