Its the Economy Stupid
When the economy is doing good, Bush wants to cut taxes.
When the economy is doing bad, Bush wants to cut taxes.
Is there a scenerio where taxes aren’t cut in Bush’s mind?
Posted by The Other Side on January 31st, 2008 in Commentary |
Kolran Says: January 31st, 2008 at 4:38 am
Yes, I’m sure if we had no taxes, he wouldn’t need to cut them. Like a knight going out to slay a dragon. Then everyone in the town runs around complaining “all he thinks about is slaying dragons, when is he going to quit?”. Uh, when the dragon is dead?
Emory Says: January 31st, 2008 at 4:46 am
I hope not.
The Other Side Says: February 1st, 2008 at 11:58 pm
bush is now going to make cuts to medicaid to pay for his tax cuts. basing an econimic policy on an assumption, that people will spend money, is ludicrus. why do corporations need more tax cuts? the telecom community is breaking the law and oil companies are reeping gigantic profits. bush is totally in bed with corporate america and his decisions reflect his unwillingness to give a crap for those not making a million dollars a year.
ccbhomes Says: February 4th, 2008 at 5:22 am
Excuse me Mr. other side…Is it a crime for a company to make a profit? Why don’t you stop repeating the leftist mantra’s and do your research.
i.e. Exxon posts 40 billion profit fiscal 2007
Exxon gross income fiscal 2007 = 404 billion
sounds like a little bit under 10 percent to me….Does anybody like you still whine when they lose money and you still drive your SUV to the global warming rally?
Exxon employs over 150k people….I am not sure but I think they get pretty good benefits.
Why not inquire what percentage of a gallon of gas is federal and state taxes….hmmm?
The Other Side Says: February 5th, 2008 at 5:34 pm
i seem to have touched a nerve. corporate america doesn’t need any more money, especially not when there are homeless veterans or children without healthcare. it seems irresponsible for businesses to regulate themselves, that leaves the door open for greed and manipulation (housing market).
and to all those who say we need to keep lowering taxes, we need taxes. america’s infrastructure is crumbling and essential programs are facing budget cuts. bush would increase spending on wars and weapons and neglect medicare and education. his tax cuts in the stimulus package are going to cost americans billions of dollars. where are we going to get that money? our children? china? that is incredibly shortsighted and irresponsible. how can bush, who inherited a budget surplus, end with a budget deficet? he only seems to be “fiscally conservative” when democrats are in congress. and then he says that not making his tax cuts perminent is like increasing taxes. what a joke.
and to ccbhomes, my car is a toyota carrola. and i barely drive as it is. trying to find a hypocrite where one doesn’t exist is stupid.
nutslikebush Says: February 6th, 2008 at 1:39 am
TOS,
I am with you on the so-called stimulus plan. WTF? The government is now supposed to give us money? Where do they think the money comes from in the first place? Our financial house, on the federal level, is in disarray because of the “cut-taxes and spend” republicans and because Bush needs to be fitted for a helmet. He has presided over the most irresponsible presidential administration in HISTORY! It was obvious after about his first 18 months in office that he was not fit for the job. Everyone who voted for him in 2004 should be relieved of their voting rights. It required willful ignorance to keep supporting that clown after it was obvious that his administration was so wrong-headed on every single issue.
nutslikebush Says: February 6th, 2008 at 1:41 am
Bill Maher nailed it when he said that the one thing that we should learn from the Bush administration is that we should never again elect a president who is a “blackout drunk.”
Cletus Hater Says: February 6th, 2008 at 4:11 am
Listen up all you stupid slack jawed yee haas. It’s you retards that hold this country back. Take yr banjos and go stick em where the sun don’t shine and leave us in the civilized world to elect Hillary or Barack to run the country responsibly. Remember, us in N.Y and the other civilized states pay for you to exist!!
ccbhomes Says: February 6th, 2008 at 4:21 pm
Thanks for the additional info Other Side—Although I feel that the massive paychecks garnered by corporate management are obscene, I still feel that private enterprise offers valuable services and should be entitled to derive a profit. For the most part, their profits are spent in manner which enables them to provide more services and yes, if they are efficient, make a profit. Again, not a crime, unless one believes in Socialism.
Taxes are essential in order for the Federal Government to operate and provide services that are constitutional. Tax cuts should be accompanied by reductions in spending. Tax cuts leave money in the private sector which encourages reinvestment and provides jobs. Are you saying that the tax monies provided the Federal Government have shown that they are better and more efficient at spending that money in way that provides results? i.e. Education.
It seems to me that when tax dollars are sent to D.C. they fall into a great “black hole” where for every dollar they receive, mere pennies remain for services. Oil companies are seemingly “the devil du jour”, yet until we can heat our homes with love, I strongly disagree with you, and believe that corporate America does need money.
And accept my apologies, you are not a hypocrite. You are a socialist. Small distinction, I know, yet one I had to clarify.
The Other Side Says: February 7th, 2008 at 9:14 pm
its hard to contemplate the rationale for tax cuts with bush in office. this isn’t bush bashing, but why does his administration give out no-bid contracts or transfer responsibilities, especially in iraq, to contracters? i thought competition was good. you can find companies to do the jobs for cheaper and more efficiently. if you don’t, you get halliburtin and blackwater which have not helped anything in iraq. he raises spending for national defense, then cuts spending for social programs. if bush hadn’t messed up with our national security, maybe i wouldn’t be so skeptical. but thats another story. a bureacracy is inefficient but people at least need to invest in the important programs. i’m still waiting for funding for infrastructure so another birdge doesn’t collapse.
ccbhomes Says: February 9th, 2008 at 5:06 am
To properly cut taxes, which I am in favor of, one must cut spending. Which Pres. Bush did not do. Putting the costs of Katrina and 9/11 aside, Pres. Bush indulged in a war he (and practically everyone else at the time) felt was justified. (Is it some sort of Freudian guilt displacement, for all involved to relinquish responsibility and single out as scapegoat the commander-in-chief?) which was also another huge cost.
Anyway, my point is, those expenditures aside, social programs received notable increases in tax monies as did many thousands of pet pork-barrel projects. Do not let the media fool you. When the Dems complained that social programs were being cut, they were, for the most part, complaining that they did not get the additional increases they yearned for, yet they were funded more than prior years and were not “cut”.
Also, in support of tax cuts, check the facts regarding tax revenues to the federal government for the years 2003, 2004, 2005 and 2006. Oddly enough government revenues increased. Imagine that, our taxes go down and government revenues go up.
TOS…I will never say that Pres. Bush did not betray me when I gave him my vote. I would argue though that while he messed up a many things, he hit the nail on the head regarding national security. The sanctity of this nation in a secure manner is what allows us to bloggingly bicker and disagree on issues that mean nothing if this country ceases to exist.
Peace
ccbhomes Says: February 9th, 2008 at 5:15 am
As an aside— I wonder how many companies were willing or able to go into Iraq and Afghanistan as low-bidder counting on their efficiency to get the job done. Not exactly easy to factor in the contingencies involved in rebuilding the infrastructure of a country where a minority of hateful war-mongers want to shoot up and destroy the convoys suppling your job.
I promise never to bitch again when my stock is delayed by a mere snowstorm!!!
The Other Side Says: February 16th, 2008 at 4:43 pm
bush says the budget will be balanced but 2012. even if he is correct on that, its not enough to pay for the out of control national debt america is incurring. we passed the $9 trillion mark. if america keeps having budget deficits, the debt will only increase.
there are two ways to pay off the debt: control spending and/or raise taxes. both democrats and republicans need to realize that they cannot have either extreme, rather, both options need to happen. there are important social programs, e.g. medicare and social security, that should be kept along with infrastructure and education. but the pork and barrel needs to stop. i’m not an economist, but if america perminently cuts taxes, how does that money pay off the national debt? i really don’t know.
the reality is, america needs to both raise taxes and cut spending. its be taboo to call for higher taxes, which is unfortunate. america is spiraling into debt, and thats the hole america has dug itself into over the past few decades. we can’t keep pushing the problem to the next generations. there will come a point when america is forced to pay off the debt and the interest that has acrued. at that point, taxes will be raised incontrollably high and america’s standard of living will decrease. america will always need to make sacrifices for the good of the country and taxes are part of it.
ccbhomes Says: February 17th, 2008 at 7:13 am
TOS—Check the U.S. treasury revenues that occurred during the Bush tax cut years. They went up. There is no need to raise taxes in order to garner additional tax revenue. Cutting taxes does increase revenues because money given to Washington does not promote growth. Growth is not nor ever will be created in the public sector. They just find and create ways to spend it.(That goes for both Dems and Republicans)
I am sure there are some entitlements that are worthy of our tax dollars being expended upon. I am quite sure education is not one of them. Washington’s notion that kids get smarter by throwing more money into public education is ridiculous. I do agree the pork-barrel crap must stop.
What Washington needs to do is create an atmosphere that keeps and promotes business (private sector) here in America because that is the sector that actually provides a positive revenue. (Public sector jobs do indeed pay taxes, but the account the paycheck was written from is the tax revenue account. We must have a healthy private sector in order to even have a public sector ) I have a funny feeling that we may lose more jobs and business to overseas markets due to the extremely high cost of running a business in this country due to increasing taxes.
ccbhomes Says: February 17th, 2008 at 7:16 am
My own rebuttal—I admit that is an over-simplification and there are many other factors at work. However, albeit simplified, the premise is true.
nutslikebush Says: February 17th, 2008 at 2:32 pm
ccbhomes, what happened to the interest on the debt and military spending during those periods? As for businesses, providing health insurance for employees is a major burden on businesses. We could do this much more cost efficiently and help businesses. As long as we provide benefits to our employees we will always be at a disadvantage relative to companies that don’t provide such benefits (i.e., Asia and third world country businesses).