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Old Sep 11, 2012, 03:04 PM
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The Big Question

Even with the EU situation, Germany is more than just a little curious about our debt dilemma:

http://www.cnbc.com/id/48982485

The clock is ticking. If Obama is reelected, what will happen? If Romney is elected, what will happen?
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Old Sep 11, 2012, 03:14 PM
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No matter who is elected they will raise taxes in an attempt to shore up revenues. Not only will this fail to produce the predicted revenues, it will further stall actual wealth creation and the deficit will continue to grow. Not aided by the fact that no substantial cuts to the 'safety net', the bulk of our unfunded mandate problem, wil occur.
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Old Sep 11, 2012, 03:57 PM
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Someone at some point has to step up and deal with entitelments. Its as simple as that and it wont be pretty.
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Old Sep 11, 2012, 04:01 PM
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Originally Posted by MtnGoat View Post
No matter who is elected they will raise taxes in an attempt to shore up revenues. Not only will this fail to produce the predicted revenues, it will further stall actual wealth creation and the deficit will continue to grow. Not aided by the fact that no substantial cuts to the 'safety net', the bulk of our unfunded mandate problem, wil occur.
Stall wealth creation for who?
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Old Sep 11, 2012, 08:31 PM
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Stall wealth creation for who?
Everybody. Duh.
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Old Sep 11, 2012, 08:35 PM
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Originally Posted by DenverJayhawk View Post
Stall wealth creation for who?
Everyone. When taxes increase, those taxed will spend less, driving down receipts, decreasing taxes on business income.

Lather, rinse, repeat, until we achieve that level playing field that some desire, and we ALL can get money back instead of paying tax on the low income.

If businesses see tax increases, less money will go to expansion or sustainment; resulting in a stagnant or decreasing job market. Wages and wage earner numbers decrease, exacerbating the problem. And, reducing taxable income across the board.
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Old Sep 11, 2012, 09:48 PM
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If Obama is reelected, the odds are there will still be at least a Republican-controlled House. In other words, the status quo. Does anybody see anything other than the on-going stalemate concerning the ever-increasing debt? What will force a resolution, other than a fairly severe economic implosion?
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Old Sep 11, 2012, 09:55 PM
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Originally Posted by HELModels View Post
Everybody. Duh.
original comment was to "further" stall wealth creation.

http://money.cnn.com/2012/09/11/news...html?hpt=hp_t3

May i suggest at least becoming informed on the topic?
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Old Sep 11, 2012, 10:08 PM
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Originally Posted by DenverJayhawk View Post
original comment was to "further" stall wealth creation.

http://money.cnn.com/2012/09/11/news...html?hpt=hp_t3

May i suggest at least becoming informed on the topic?
Whatever, wealth creation is another way of saying prosperity. Prosperity for all is a foreign concept these days. I dont need anyone to tell me that class warfare is a bad game for this country.
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Old Sep 11, 2012, 10:19 PM
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Whatever, wealth creation is another way of saying prosperity. Prosperity for all is a foreign concept these days. I dont need anyone to tell me that class warfare is a bad game for this country.
the point is to say taxes will further stalling wealth creation leading to fewer jobs is a bit of a "the sky is falling" argument, especially in today's times.
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Old Sep 11, 2012, 10:22 PM
Trons and Fumes
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the point is to say taxes will further stalling wealth creation leading to fewer jobs is a bit of a "the sky is falling" argument, especially in today's times.
What?

If taxes increase, it will stall wealth creation, leading to fewer jobs. It isn't akin to 'the sky is falling.' It is business.

And if it is a business tax increase, businesses will have more incentive to 'offshore' their business, providing jobs in other countries, not this one.
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Old Sep 12, 2012, 02:53 AM
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TAXES

They MUST rise - you're 16 Trill and change in the red!

End of!
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Old Sep 12, 2012, 07:05 AM
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Originally Posted by ENGINETORQUE View Post
TAXES

They MUST rise - you're 16 Trill and change in the red!

End of!
No, that isn't 'end of.' Your response fails to understand the consequences of the choice.
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Old Sep 12, 2012, 08:08 AM
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No, that isn't 'end of.' Your response fails to understand the consequences of the choice.
I perfectly understand the consequences of the choice and you can go back to the Romans for examples of taxes and how they work and when to levy them.

You can't stay as you are - the debt is mounting and for those on the right to suggest that 'in the hope of business picking up' we just sit tight on taxes and all will be fine is ostrich mentality!

You bought the goods long ago - now pay up, the bills are well overdue!
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Old Sep 12, 2012, 08:11 AM
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Originally Posted by ENGINETORQUE View Post
I perfectly understand the consequences of the choice and you can go back to the Romans for examples of taxes and how they work and when to levy them.

You can't stay as you are - the debt is mounting and for those on the right to suggest that 'in the hope of business picking up' we just sit tight on taxes and all will be fine is ostrich mentality!

You bought the goods long ago - now pay up, the bills are well overdue!
That does not make the choice you spout, either effective, or the right choice.
Raising taxes will NOT achieve the desired outcome. It will snowball the same direction it is currently headed. If you 'perfectly understand the consequences of the choice,' then you know that the choice you support will result in decreased revenue collection, which will increase the debt.
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