Barney Frank again

[airdvr 210]

When asked about the economy...

"I think it's clear that the fundamentals are better than the psychology."

Hmm....sounds alot like McCain. And then there's this gem...

Rep. Frank: "Yes, I believe later on there should be tax increases. Speaking personally, I think there are a lot of very rich people out there whom we can tax at a point down the road and recover some of this money."(CNBC's "Closing Bell," 10/20/08)

I think we know what Barney's first meeting with the next POTUS will be about.

Please don't dent the planet.

Destinations by Roxanne

[kallend 2,027]

At some point we really do have to start paying our way in the world and not borrowing from China, Japan, the UK, and our children and grandchildren.

Pity the Republicans have yet to comprehend that.

...

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

[TrophyHusband 0]

i agree with your first statement, but do you really believe that either party is going to stop this? i don't. i hope i'm wrong and there's a good chance the dems will get the opportunity to prove me wrong.

"Your scrotum is quite nice" - Skymama
www.kjandmegan.com

[airdvr 210]

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At some point we really do have to start paying our way in the world and not borrowing from China, Japan, the UK, and our children and grandchildren.

Pity the Republicans have yet to comprehend that.

I agree. Who should pay it then? Shouldn't everyone bear the burden?

Please don't dent the planet.

Destinations by Roxanne

[kallend 2,027]

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At some point we really do have to start paying our way in the world and not borrowing from China, Japan, the UK, and our children and grandchildren.

Pity the Republicans have yet to comprehend that.

I agree. Who should pay it then? Shouldn't everyone bear the burden?

You can't get blood from a turnip.

...

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

[airdvr 210]

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At some point we really do have to start paying our way in the world and not borrowing from China, Japan, the UK, and our children and grandchildren.

Pity the Republicans have yet to comprehend that.

I agree. Who should pay it then? Shouldn't everyone bear the burden?

You can't get blood from a turnip.

Huh?

Please don't dent the planet.

Destinations by Roxanne

[billvon 2,991]

>Huh?

In other words, you cannot get money from those that have none.

[airdvr 210]

Doh! I get that part...who are you saying has none? I hope you're not saying the 95% of people who won't get a tax increase from Barry.

Please don't dent the planet.

Destinations by Roxanne

[lawrocket 3]

I hate to break it to you, doc, but taking every cent Bill Gates has won't pay the national debt. 100 Bill Gates' aren't worth enough to pay thje national debt.

So, taxing the rich isn't the answer, is it?

My wife is hotter than your wife.

[billvon 2,991]

>So, taxing the rich isn't the answer, is it?

It's how we run the government now. The top 5% pay over half of the income tax load. Neither candidate's tax plan will change that.

[lawrocket 3]

and Frank is calling for raising those taxes more.

That's the problem. 5 percent carrying half the weight. Give them more.

My wife is hotter than your wife.

[Rookie120 0]

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Neither candidate's tax plan will change that.

How about cut out all the bullshit spending? Stop handing out money to every swingin dick that comes knockin on the door. For fuck sake. I give a few bucks to a panhandler in NYC every now and then but if I gave everytime I was asked for money I would be in the same place they are. Homeless! It blows me away that with all the ivy education these assholes have, none of them seem to be able to balance a check book!

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

[shropshire 0]

Bingo ..... It's time that our countries started to live within their means.

Like when we, personally are short of cash, we budget and count the pennies, -

"Do we need that.....

New car...... or aircraft carrier

Holiday in the sun ......... war in foreign country

(.)Y(.)
Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome

[airdvr 210]

No argument from me on cutting back the spending. But that's not gonna happen anytime in the near future. The first part of Barney's statement about raising taxes on the rich has him saying we need an economic stimulus package now.

Please don't dent the planet.

Destinations by Roxanne

[shropshire 0]

I agree with you too, Taxing the life out the the high end will not stimulate the economy. In fact I believe that the opposite will happen. If I run a big company and get hit on my bottom line, I'm going to make savings and that will generally mean, staffing and R&D.

(.)Y(.)
Chivalry is not dead; it only sleeps for want of work to do. - Jerome K Jerome

[kallend 2,027]

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I hate to break it to you, doc, but taking every cent Bill Gates has won't pay the national debt. 100 Bill Gates' aren't worth enough to pay thje national debt.

So, taxing the rich isn't the answer, is it?

Taxing the homeless isn't the answer either.

...

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

[kallend 2,027]

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Doh! I get that part...who are you saying has none? I hope you're not saying the 95% of people who won't get a tax increase from Barry.

I think taxes will have to go up regardless of who wins. Just like they did with GHWB after his "read my lips" comments. At some point reality has to trump political posturing.

...

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

[alw 0]

Some people may be fooled by the numbers game being played. While Dems say 98% of small businesses won't get a tax rise (hot dog vendors, Avon salespersons, the lunch diner in Creston, Iowa) the other 2% number roughly 500,000 and create hundreds of thousands of jobs.

Step back from that and look at what is going on right now in a cool and collected manner in the boardrooms of multi-national production companies. These are the ones that produce products like coal, gas, oil, wind, hydro, solar, and tidal power generation equipment. They are the ones that the likes of Barney Frank yell at at congressional hearing without "Hearing" what they are saying.

What will a multinational do? Will they build that new wind turbine factory in the USA with higher tax factors or will they build it in Poland? You can't legislate that type of business decision you can only provide or remove incentives.

It's easy to go after an Exxon Mobile because their balance sheet is huge. They spend more on local infrastructure like roads and harbors in certain areas than the local governments do. They give more to charities and support educational grants that do a great deal for education. Their educational assistance program is much better than anything Obama has suggested. You heard how much they made when oil was $100 bl but will you hear what their downside balance sheet performance is with it less than $70 bl?

Why did the economy grow under Clinton? Not because of Clinton. It grew because with a Dem in the White House and the GOP in control of Congress government was prevented from getting too much in the way - they did what government should do - very little.

I still think the golden rule applies here. The person with the gold makes the rules. They may prefer one candidate over the other but they are going to keep making money either way. They didn't get where they are by letting a little thing like a presidential election stand in their way. If you think Ol' Barry and Joe the Quack are going to change that, even with a cooperative congress you're going to be very disappointed. I remember what our previous CEO said before the German elections. "Chancellors come and chancellors go. We have a responsibility to our shareholders and we will deal with whatever the elections bring."

---------------------------------------------
Every day is a bonus - every night is an adventure.

[airdvr 210]

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I hate to break it to you, doc, but taking every cent Bill Gates has won't pay the national debt. 100 Bill Gates' aren't worth enough to pay thje national debt.

So, taxing the rich isn't the answer, is it?

Taxing the homeless isn't the answer either.

That's strange...I never worked for a homeless person before. Well, at least I didn't report to one. My guess is that's gonna change.

Please don't dent the planet.

Destinations by Roxanne

[kallend 2,027]

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I hate to break it to you, doc, but taking every cent Bill Gates has won't pay the national debt. 100 Bill Gates' aren't worth enough to pay thje national debt.

So, taxing the rich isn't the answer, is it?

Taxing the homeless isn't the answer either.

That's strange...I never worked for a homeless person before. Well, at least I didn't report to one. My guess is that's gonna change.

Do you believe the USA can pay its way with revenues at their current levels?

...

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

[airdvr 210]

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I hate to break it to you, doc, but taking every cent Bill Gates has won't pay the national debt. 100 Bill Gates' aren't worth enough to pay thje national debt.

So, taxing the rich isn't the answer, is it?

Taxing the homeless isn't the answer either.

That's strange...I never worked for a homeless person before. Well, at least I didn't report to one. My guess is that's gonna change.

Do you believe the USA can pay its way with revenues at their current levels?

I don't think anyone's debating that aspect. Of course we can't. We either bring in more revenues or cut spending. I remember reading somewhere that when you raise taxes on the upper class the net result is less revenue.

So I guess we need to follow Barney's idea. Let's increase spending and raise taxes.

Please don't dent the planet.

Destinations by Roxanne

[kallend 2,027]

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I hate to break it to you, doc, but taking every cent Bill Gates has won't pay the national debt. 100 Bill Gates' aren't worth enough to pay thje national debt.

So, taxing the rich isn't the answer, is it?

Taxing the homeless isn't the answer either.

That's strange...I never worked for a homeless person before. Well, at least I didn't report to one. My guess is that's gonna change.

Do you believe the USA can pay its way with revenues at their current levels?

I don't think anyone's debating that aspect. Of course we can't. We either bring in more revenues or cut spending. I remember reading somewhere that when you raise taxes on the upper class the net result is less revenue.

So I guess we need to follow Barney's idea. Let's increase spending and raise taxes.

I love those "I remember reading somewhere" lines, leading to a strawman.

Please tell us what happened to the federal deficit during Reagan's tax cutting term, and Bush II's tax cutting term.

Hint.

...

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

[DanG 1]

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Some people may be fooled by the numbers game being played. While Dems say 98% of small businesses won't get a tax rise (hot dog vendors, Avon salespersons, the lunch diner in Creston, Iowa) the other 2% number roughly 500,000 and create hundreds of thousands of jobs.

There are 25 million small businesses in the US? That would imply that one in every twelve people (including children and retired people) own their own business. Source, please?

- Dan G

[lawrocket 3]

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I hate to break it to you, doc, but taking every cent Bill Gates has won't pay the national debt. 100 Bill Gates' aren't worth enough to pay thje national debt.

So, taxing the rich isn't the answer, is it?

Taxing the homeless isn't the answer either.

That's strange...I never worked for a homeless person before. Well, at least I didn't report to one. My guess is that's gonna change.

Do you believe the USA can pay its way with revenues at their current levels?

I don't think anyone's debating that aspect. Of course we can't. We either bring in more revenues or cut spending. I remember reading somewhere that when you raise taxes on the upper class the net result is less revenue.

So I guess we need to follow Barney's idea. Let's increase spending and raise taxes.

I love those "I remember reading somewhere" lines, leading to a strawman.

Please tell us what happened to the federal deficit during Reagan's tax cutting term, and Bush II's tax cutting term.

Hint.

The deficit increased because spending increased. And spending continued to increase and has always increased.

And when there are banner years for revenue, they go ahead and pick up spending. Then the revenue falls and just borrow more.

Nobody ever had a deficit spending less than was brought in. Most agree spending is way outta control. Many think taxes are way outta control.

Let us lower spending. Hell, lower spending and raise taxes. At least that is responsible.

My wife is hotter than your wife.

[airdvr 210]

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I love those "I remember reading somewhere" lines, leading to a strawman.

Please tell us what happened to the federal deficit during Reagan's tax cutting term, and Bush II's tax cutting term.

Hint.

We're talking revenues here Professor. In the last 30 years we've managed to increase revenues by 700%. All we need to do is go back to the spending constraints of then 70's and we'll be OK in no time.

Year Total Revenue-total in Billions

1978 701.6
1979 793.1
1980 885.6
1981 1015.7
1982 1078.2
1983 1103.9
1984 1221.5
1985 1348.0
1986 1439.4
1987 1583.8
1988 1676.2
1989 1822.3
1990 1927.4
1991 1981.9
1992 2025.3
1993 2150.3
1994 2301.8
1995 2464.6
1996 2615.4
1997 2804.0
1998 3003.8
1999 3168.5
2000 3457.8
2001 3756.3
2002 3389.8
2003 3671.4
2004 3594.7
2005 4017.0
2006 4435.8
2007 4776.8
2008 4926.2

Please don't dent the planet.

Destinations by Roxanne