After we figure out that tax cuts, especially for the rich do nothing for our country but increase the deficit and debt?

news.yahoo.com/s/ap/20101222/ap_on_bi_go... Asked by Schelli 12 months ago Similar questions: figure tax cuts rich country increase deficit debt Business > Taxes.

Similar questions: figure tax cuts rich country increase deficit debt.

The tax cuts are not new. They've simply been extended. In other words, they will be exactly what they have been since the days of President Bush.

There has already been plenty of time to figure out that tax cuts for the wealthy do nothing to help, and the GOP wanted to keep them going anyway. They're certainly not going to change their minds now.

You are correct, they aren't new, and you can see the effect they have had on our economy, deficit and debt since they were put in place. Why would expanding a bad idea make sense to any on thinking it will result in a different outcome than we have been seeing? Schelli 12 months ago .

Well the Republicans are convinced that the stimulus and the tax cuts will have no effect on the economy and that President Obama will not win reelection in 2012. He has bet that the tax cuts will be an imperfect, but real boost to the economy and will get him back on track for reelection. We will have to wait and see who is right.

Well, I think both are unrealistic, since the first 8 - 10 years of tax cuts have been a disaster for everyone in this country but the rich. Schelli 12 months ago .

As I said, we will have to wait and see. But that was the heart of the deal. Both sides think they won.

Actually, economic history has shown that a government cut in taxes has pretty much always resulted in an improved economy.

You can see the effect they have had on our economy" The economy is nothing from the tax cuts and everything from allowing Freddie Mac and Fannie Mae approve loans that NEVER should have gone thru, while also spending our economic gains on shipping soldiers and weapons to "a land war in Asia. " The economy did prosper from those tax cuts, but why I say "pretty much" is that there are always ways to make even that rule not happen.

Recent history (2001 - 2008) shows that to no longer be a maxim. And, you can't continue deficit spending and building debt. Sooner or later the model results in bankruptcy or revolution.

Schelli 12 months ago .

Here is an article that reveals how the Bush tax cuts effected our economy while he was in office:tax.com/taxcom/taxblog.nsf/Permalink/CHA...We" rel="nofollow">tax.com/taxcom/taxblog.nsf/Permalink/CHA... are being governed by an assemblage of Mad Hatters. Nsf/Permalink/CHAS-89LPZ9.

It's not Bush's fault, and Republican can tell you that... He was too busy being a decider and war president, oh, yeah, and a D-bag that wanted to trample the constitution and did trample the Geneva Convention. Schelli 12 months ago .

Oh yah, I forgot. He WAS a busy boy wasn't he? Do you know, that once I found song on Amazon he wrote a review for?

It was signed, George W. Bush, president of the United States. I guess I shouldn't be so hard on the man.

He entered the office and our economy was in the black and left it in the red, and red is such a pretty color. No Republican really likes the color black.

Danielpauldavis is correct to look at history beyond just the past 10 years. Recent history is a poor guide based on the highly partisan political atmosphere, and the bias inherent in the original question. The real answer is to reduce the federal government's size.Period.

Politically, it reaches into individual's lives far too much. It reaches into state's responsibilities, beyond its consitutional mandate, in almost every respect. Cabinet departments on education, health and transportation are great examples.

Eliminate these as a first step in reducing the federal government's size. Base the federal government on its true responsibilities: safeguarding our freedom (borders, standing armed forces), ensuring consistent commerce rules across state lines, coin currency (based on gold, not thin air) and that's just about it. This will go far in reducing the expenditures, the deficits, and the intrusions into individual's lives.

"Pursuit of happiness" is impossible these days with the federal government nosing into everything. Re-read the Declaration of Independence before replying to this, and just see how much our president and the whole federal government are like King George as described by Mr Jefferson and his assembled congress. Pretty close!

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The concept that the individual states matter is a fiction, at best, since the Lincoln presidency. If we are going to continue to be a world power, we are going to need to start working on getting past that fallacy and stupidity. Should the government shrink?Probably.

But maybe the place to shrink it is in the 50 state governments and their extraneous duplicity. The real place we need to get rid of waste, though, is in the dumbass, pointless wars Bush got us involved in, the DoD budget, since we have no real enemies that require a standing army of that size, and we don't need new weapons development; the hadout to corporations and foreign governments, the subsidies in this country. And, like any reaponsible entity that has run too long by incurring debt, we need to pay that off now, even though it means raising taxes until all the debt is poid off, and never allowing the debt to happen again.

Schelli 12 months ago .

I completely disagree that individual states are immaterial. They are the basis of the republic and continue to be even since 1865. They, too, need to shrink, but that effort needs to take place in each individual state.

And they aren't the subject of this thread. Agreed that the military budget is wasteful as well as any other federal budget item. How military leadership spends its allotment is up to them.

Micromanaging is a poor leadership element (e.g. , 'don't need new weapons development'). I'd submit that the entity we're discussing (the federal government) is NOT, in fact, responsible but irresponsible in running up the debt. I disagree that raising taxes is the way to pay it off.

Shutting off the pipeline is crucial; eliminate the expenditures. Raising taxes will only do one thing in the absence of expense decrease. The Congress will spend what is sent there.

I think the only way to stop that spending is to cut off the funding supply = lower taxes and severe shrinking of the size of the government. No, there's actually another way--replace every member of Congress with adults who ARE responsible, and can budget appropriately. Ultimately, we the voters are the TRUE culprits here.

We keep voting in these irresponsible spenders. In the last election, only 100 of the 435 congressional seats were contested (and I don't have a clue as to the 33 or 34 Senate seats that were up). That figure is deplorable.

The voters need to ensure that 435 congressional seats, and every single Senate seat up for election, are contested. No seat should remain "safe" ever again.

This is an unrequested suggestion: injecting replies with provocative words such as stupidity (relating to states' worth), duplicity (regarding corporate connection to the military) and dumbass (relating to the previous president) inhibits rational discussion. May I suggest eliminating them and basing comments on sound reasoning rather than emotional provocations? It would help a reader to focus on the reasoning rather than the invective.

"" "What happens to the Cost of Debt=Rd(1-T) if corporate tax rates increase from 40% to 60% on a bond with a coupon rate of" "How the G.O.P Grinch blocked legislation to award seniors $250.00, but plans to award the rich with tax cuts. " "What do you think about a Federal tax increase on cigarettes? Isn't the States taxes on them enough?

" "Well, did the voters know what they voted for? The Pledge to America: massive budget cuts, tax cuts to the rich," (12 answers) "Why do Republicans hate taxes? Why do they promote tax cuts as an elixir to cure all the ills of the economy?

For the people who defend tax cuts for the rich, and not having them pay a fair share... Do you even know any (more).

What happens to the Cost of Debt=Rd(1-T) if corporate tax rates increase from 40% to 60% on a bond with a coupon rate of.

How the G.O.P Grinch blocked legislation to award seniors $250.00, but plans to award the rich with tax cuts.

The Pledge to America: massive budget cuts, tax cuts to the rich," (12 answers).

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.