| Author |
Topic:
Trillions in tax cuts [Locked] |
Scarne  Title: Capo di Scientifico
Posts: 1,087
Registered: 2001-7-23 15:24:34
|
Date Posted:
1/1/00 12:00am
Subject:
Trillions in tax cuts |
http://www.washingtonpost.com/opinions/trillions-in-tax-cuts/2012/01/26/gIQAGrwxaQ_story.html
Quote:
THE REPUBLICAN presidential candidates claim to abhor debt, yet propose tax cuts that would add trillions more.
Yes, trillions.
The case for continuing the George W. Bush tax cuts, at a cost of $3.7 trillion over 10 years (including interest), is shaky enough. The cuts for the wealthy alone, which President Obama would end, would cost with interest about $1 trillion over the next decade. But the GOP candidates want to continue all those cuts — and add many more, the vast bulk of which would again go to the wealthiest taxpayers.
Former Massachusetts governor Mitt Romney proposes additional cuts that would drain $180 billion from the treasury in 2015 alone, according to calculations by the Urban Institute-Brookings Institution Tax Policy Center. The nonpartisan center has not calculated the 10-year cost of the plan. But merely multiplying by 10 illustrates that Romney is talking trillions.
And Mr. Romney’s is the most modest of the GOP proposals. Former House speaker Newt Gingrich’s plan would cost an astonishing $850 billion in 2015 on top of the Bush tax cuts. Former Pennsylvania senator Rick Santorum’s would cost $900 billion in 2015 alone.
 
-----signature-----
E Pluribus Unum
|
Cawlin Posts: 1,759
Registered: 2005-2-22 07:58:42
|
Date Posted:
1/1/00 12:00am
Subject:
Trillions in tax cuts |
Are you trying to say that you don't think there are $370bn/year in legit spending cuts possible from our present budget? That's about 10% of the budget.
-----signature-----
If ignorance were painful, half the posters here would be on morphine drips.
Everyone playing WoW knows everything about playing two classes: 1) their own and 2) Hunters
|
GrilledCheez Title: The Lord's Balls
Posts: 1,060
Registered: 2006-3-22 11:06:32
|
Date Posted:
1/1/00 12:00am
Subject:
Trillions in tax cuts |
That's because republicans are stupid.
When they spend it it's "Our money." When we are paying for it it's "my money." The most hilarious thing about the repubs spending money and not wanting to pay in money is they are the most likely to quote the phrase "democracy is doomed when the people realize they can vote themselves money."
-----signature-----
Another word for expensive is successful.
|
Cawlin Posts: 1,759
Registered: 2005-2-22 07:58:42
|
Date Posted:
1/1/00 12:00am
Subject:
Trillions in tax cuts |
For the record, tax cuts don't drain the treasury. SPENDING does.
-----signature-----
If ignorance were painful, half the posters here would be on morphine drips.
Everyone playing WoW knows everything about playing two classes: 1) their own and 2) Hunters
|
Scarne Title: Capo di Scientifico
Posts: 1,087
Registered: 2001-7-23 15:24:34
|
Date Posted:
1/1/00 12:00am
Subject:
Trillions in tax cuts |
Cawlin posted:
Are you trying to say that you don't think there are $370bn/year in legit spending cuts possible from our present budget? That's about 10% of the budget.
Given the size of the national debt, if there are $370bn/year in legit spending cuts, that should probably go towards the debt rather than to tax cuts.
Plus, $370bn/year only pays for extending the Bush tax cuts, not for the additional tax cuts that each of the candidates want.
-----signature-----
E Pluribus Unum
|
Ptilk Title: Creepy old pirate
Posts: 2,359
Registered: 2002-2-13 14:52:58
|
Date Posted:
1/1/00 12:00am
Subject:
Trillions in tax cuts |
|
Is anyone surprised that "conservatives" would totally fuck the budget and increase the deficit by like 10000 times?
They always do stupid shit that makes the deficit increase by orders of magnitude...then blame it all on welfare recipients and bitch about lazy bastards......
It would be funny if people didn't actually believe their crap.
|
Cawlin Posts: 1,759
Registered: 2005-2-22 07:58:42
|
Date Posted:
1/1/00 12:00am
Subject:
Trillions in tax cuts |
What's funny is how hard libs bite on terribly skewed article titles and articles like the one in the OP.
What's funny is how liberals don't get the concept that failing to tax someone is not the same as spending more money.
There are a lot of funny things about the whole budget issue, from both parties. There are a lot more funny (and by funny I mean blindingly stupidly fcuking absurd) things that partisan douches try to make into arguments about it.
-----signature-----
If ignorance were painful, half the posters here would be on morphine drips.
Everyone playing WoW knows everything about playing two classes: 1) their own and 2) Hunters
|
_Enkidu_  Title: Zen Badger
Posts: 280
Registered: 2001-12-24 05:02:15
|
Date Posted:
1/1/00 12:00am
Subject:
Trillions in tax cuts |
What amazes me is that Reps and Dems don't think their party is responsible for national debt. WTF? 
You guys been living in a cave for the last 10 years? 
-----signature-----
(( )) ......Portrait
o.O ..........of
|||| ....Muhammad
|
Rosaria Title: They call me Mellow Yellow, quite rightly.
Posts: 477
Registered: 2003-8-22 10:07:30
|
Date Posted:
1/1/00 12:00am
Subject:
Trillions in tax cuts |
Cawlin posted:
What's funny is how hard libs bite on terribly skewed article titles and articles like the one in the OP.
What's funny is how liberals don't get the concept that failing to tax someone is not the same as spending more money.
There are a lot of funny things about the whole budget issue, from both parties. There are a lot more funny (and by funny I mean blindingly stupidly fcuking absurd) things that partisan douches try to make into arguments about it.
Yup, it is laughable.
-----signature-----
"Them Bollinger Bands on the DJIA are starting to look like columns of projectile vomit." ~ Red Pill
|
ineenia Posts: 373
Registered: 2005-11-1 04:48:33
|
Date Posted:
1/1/00 12:00am
Subject:
Trillions in tax cuts |
Cawlin posted:
For the record, tax cuts don't drain the treasury. SPENDING does.
For the record,ignorance doesn't produce statements like that,STUPID does.
That statement is similar to parents being brought to court for not feeding their kids and telling the judge "it isn't our fault they are starving...we bought food and they ate it all.If they hadn't eaten it all there would still be food in the house."
-----signature-----
If their stupidity didn't shelter them from the full shame of their actions,their would be alot more republican suicides.
|
|
