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Score one for the middle class

Discussion in 'U.S. Politics' started by PLC1, Dec 20, 2007.

  1. PLC1

    PLC1 Moderator Staff Member

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    Congress Averts Higher Tax Bill for Middle Class

    There is little enough good news coming out of Washington these days. This is most welcome.
     
  2. Popeye

    Popeye Active Member

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    Interesting, Republicans protecting the wealthy(as usual), at the expense of the national debt.
     
  3. PLC1

    PLC1 Moderator Staff Member

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    Fifty billion is $500 per taxpayer that we won't have to give Washington, most of it from the middle class.

    Do you favor higher taxes as a way of balancing the budget?

    I'd like to see spending decrease instead. We've seen the federal budget increase from 1.7 trillion in '00 to 2.9 trillion proposed for '08 with the war and any natural disasters "off budget", ie, adding to the already out of control spending.

    1.7 trillion to 2.9 trillion is an increase of over 70%. Has your income gone up that much in the last eight years?
     
  4. 9sublime

    9sublime Active Member

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    Iraq and Afghan wars.
     
  5. PLC1

    PLC1 Moderator Staff Member

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    ? What does that mean? The Iraq and Afgan wars are "off budget", funded by "emergency spending bills".
     
  6. Popeye

    Popeye Active Member

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    The national debt, as of today, is now $9,148,200,438,261.95.

    Since Sept 2006 it's grown an average of $1.43 billion a day.

    Thanks George!

    http://www.brillig.com/debt_clock/
     
  7. PLC1

    PLC1 Moderator Staff Member

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    Yes, about $91,000 per taxpayer. If I had that much credit card debt, I might just think about curbing spending and living within my means, wouldn't you?

    Time to cut up those credit cards, tighten belts, and live within our means.

    Not that any real fiscal constraint is likely. Fiscally conservative politicians from either party are as rare as whooping cranes.
     
  8. jpn of Seattle

    jpn of Seattle Member

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    That's exactly right. The Democrats had enacted PAYGO rules, meaning that any expendatures need to be paid for--pay as you go, in other words.

    But the Republicans don't believe in pay as you go. They preferred to just tack this $50 billion onto the nation's credit card.
     
  9. PLC1

    PLC1 Moderator Staff Member

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    They used to:

    from the Contract with America

    We should sue them for breach of contract.
     
  10. jpn of Seattle

    jpn of Seattle Member

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    :D Good one.
     
  11. bewitched

    bewitched New Member

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    that would probably cost alot of money.
     
  12. USMC the Almighty

    USMC the Almighty New Member

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  13. Bunz

    Bunz New Member

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    While a few of the players might be different, it is the same party with plenty of the same people my Jarheaded buddy.
    I have said before, and will say again, this isnt the fault of one party or the other as both are so much in bed with each other, both are just as guilty. 20 years ago, it was the democrats with excess spending that brought about the contract with America, 15 years ago or so. Now the shoe is on the other foot. The GOP had 6 years of unchecked control in congress and the executive, they ran up spending to untold numbers and cut taxes in the process. How does that work?
    For myself, I am a fisherman, I get paid on how much fish I catch. If I dont catch enough salmon, I dont get to take that vacation, buy a new boat, repair the tape deck:) in my truck etc.
    I think it prudent for congress not to spend a nickel without a solid way to raise the revenue to replace it.

    Id like to see congress move to a flucuating flat tax. Similar in the way local communities adjust the property tax rate annually. Here is our expenses...
    here is our other revenue sources, we need to have x flat tax rate across the board to cover those costs. It makes spending become actually justified.

    But what the hell does congress care anyway? To a member they are more interested in getting re-elected than doing what is right for America long term. When it comes to a billion here and a billion there, it doesnt mean much to them, as it isnt thier money, and when they run out, they can just print more.
     
  14. PLC1

    PLC1 Moderator Staff Member

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    There is the crux of the matter. Why should Congress care about spending the nation into the poor house? By the time the bills come due, they will have moved on to other things anyway. It is we, the people, who need to care, and to make certain that the Congresscritters understand that we demand more fiscal responsibility. If we don't get what we demand, then we will fire the lot of them at the ballot box.

    But, alas, I am dreaming. The voters care not a whit about what their elected representatives might do. Most of them don't even bother to vote at all, let alone take the time to understand the issues and vote intelligently.
     
  15. jpn of Seattle

    jpn of Seattle Member

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    In 1993 the Democratic House and the Democratic Senate voted in tax hikes on the richest two percent of the population. Not a single Republican voted for the tax hikes. Despite economic horror stories, no recession followed. In fact, the economy was on its way to its longest period of growth since WWII. Within a few years the deficit was wiped out and replaced with surpluses.
    But many voters swallowed Republican rhetoric about how the evil Democrats raised their taxes, and in 1994 the Rebulicans wiped the floor with the Democrats in the election. Democrats were effectively punished for bringing some fiscal sanity to America.
    So yes, the American public is not terribly well informed and can easily be lied to.
    It makes it very hard for politicians to act responsibly when other politicians can be so successful acting irresponsibly.
     
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