The Republicans are playing a cynical political game with hugely high economic stakes

[564826]

CAn you say that paying higher taxes would have helped the economy?

No one like to pay any taxes but you can't cut your self into prosperity.

[The King]

Well lets see, have we?

Speaking for myself, I've been better off with them.

[GhostTX]

No one like to pay any taxes but you can't cut your self into prosperity.

Sure you can. You can cut spending. We currently SPEND more than we MAKE, that's why we're in DEBT.

Obama's tax RAISE would increase revenue by $700 BILLION. With his current spending plan, we'd still INCREASE the DEBT by $9 TRILLION.

So, how does the tax increase help when spending is hugely disproportionate to revenue?

[stevo]

Well lets see, have we?

I was doing rather nicely until 2006, and then started doing worse in late 2007. Care to venture a guess what happened on those dates?

Stevo

[stevo]

No one like to pay any taxes but you can't cut your self into prosperity.

That is a joke, eight? Am I missing the sarcasm smiley somewhere?

Stevo

[Broncojohnny]

Well lets see, have we?

uhhh they are still in effect. DERp

[Broncojohnny]

No one like to pay any taxes but you can't cut your self into prosperity.

Didn't GDP grow like crazy after the Bush tax cuts?

[564826]

Sure you can. You can cut spending. We currently SPEND more than we MAKE, that's why we're in DEBT.

Obama's tax RAISE would increase revenue by $700 BILLION. With his current spending plan, we'd still INCREASE the DEBT by $9 TRILLION.

So, how does the tax increase help when spending is hugely disproportionate to revenue?

You need to bring in revenues sooner or later to make a business profitable.

[GhostTX]

You need to bring in revenues sooner or later to make a business profitable.

And if you have cost overruns, what do you do first? Raise the price of your product?

[Baron Von Crowder]

You need to bring in revenues sooner or later to make a business profitable.

You need to bring in more than you spend, either way. We need to cut spending, even Obama's plan still increases debt,even with "more revinue" becayse simple fucking math isnrt being done.

[564826]

And if you have cost overruns, what do you do first? Raise the price of your product?

You do both.

[BERNIE MOSFET]

No one like to pay any taxes but you can't cut your self into prosperity.

You say this like our money is the government's to spend.

[GhostTX]

You do both.

Not necessarily. You don't raise the price more than what the customer wants to pay for.

As said, the tax increase Obama wants will do nothing for the deficit at hand.

[DON SVO]

No one like to pay any taxes but you can't cut your self into prosperity.

You sure as hell can! We're talking SPENDING cuts, not TAX cuts.

In a simplistic way, think of the economy as a 5 gallon bucket. The tap is turned on, but there's a hundred holes in the sides that let the bucket drain faster then we can fill it.

Currently, we are paying another water company to help fill the bucket on the premise that, at some point, our faucet will out flow the leaks and we can give them their water back. We've been giving the water back because we have to, but at the cost of importing even more water. We can open our faucet up more, but our reservoir is pretty low and damn well might run out.

So, turn on the faucet or start plugging leaks? Your democrats currently wan to turn on the faucet even more after acknowledging that we're still leakin faster than the bigger tap will provide.

[Broncojohnny]

This guy is just a fucking idiot.