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duckston09
duckston09
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May 4th, 2011 at 1:40:40 AM permalink
Attack a country that did absolutely nothing to us.
Kill hundreds of thousands of innocent people.
Then, take there oil.
Shortly after clinton inherited a mess from Bush Sr. I watched an interview with Trump and I'll quote what he said.
That was not a recession, that was a depression.
weaselman
weaselman
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May 4th, 2011 at 4:30:29 AM permalink
Quote: thecesspit


Reasons to decrease revenue (or at least give a tax cut for reasons other than increasing revenue) ::

1) Increase the money supply in the private sector


What would be the reason for that?
I mean "cut the taxes" and "increase the money supply in the private sector" is really the same thing. One cannot be "the reason" for the other.


Quote:

2) As a pre-election bribe



Sabotage goes to FSZ.
A particularly stupid (and.or corrupt) President might contemplate the idea, I guess, but that's where the great system of checks and balances comes in. He will never be able to pull it off.


Quote:

3) As a means to reduce the money to spend to create "small government" or other idealogical concerns.


The means to reduces money to spend is cutting spending, not decreasing revenue. We are not talking about a man and his shopaholic wife, we are talking about a multi-trillion-dollar economy.


Quote:

You might be wrong, so as I stated, my argument was that the tax cut MAY NOT increase revenue.



The point is, that decreasing revenue is never your goal, so, there is no point in designing spending cuts to "compensate" for it.

Quote:

Like wise, as other's stated, a tax rise may also increase revenue (I can't think of a reason why someone would raise taxes to decrease revenue...


Of course.

Quote:


I don't think we are getting anywhere abouts -causes- of tax rate changes(1), but the original statement by Nareed was that the -effect- of cutting taxes was generally increase revenue.



And it is, as long as we are talking about real-life tax cuts, that actually happen. There are mistakes and mishaps, of course, but generally the real tax cuts increase revenue when they are made.
If the rate was cut to 0% that would, of course, decrease the revenue, but that's exactly the reason why this particular cut will never be made.

Quote:

And I just look at that being a not good rule of thumb based on simple mathematics, not on any broad policy, political view point or anything else.


It is not a good rule of thumb to decide whether to cut taxes or not. It is a good rule of thumb to predict what will happen after a decision to cut taxes has been made based on other consideration.

Quote:


(1) In that I understand where you are coming from, and it's not the cause I was really having a problem with initially. It's merely the effect.


What's not the cause? When the taxes are cut, the revenue increases (or declines more slowly), at least in part because of the cut. In this sense the tax cut is the cause of the revenue increase.
"When two people always agree one of them is unnecessary"
duckston09
duckston09
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May 4th, 2011 at 5:15:13 AM permalink
Iraq began as a mistake! Job well done! Do you have any idea how many american soldiers died. How many soldiers were wounded. How many soldiers were maimed. How many people lost there spouse. How many people lost there mother and father and brother and sisters. Viri, if you don't mind, I'm not going to respond to you anymore on this topic.
EvenBob
EvenBob
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February 12th, 2013 at 1:30:35 PM permalink
Obama gives the State of the Union tonight. I just read
11,000 people a day are added to the food stamp rolls.
Sounds like things are on track to me. I'm starting to
get Obama fever. By summer it could be up to 20,000
a day, think of that...
"It's not called gambling if the math is on your side."
stoneynv
stoneynv
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February 12th, 2013 at 1:50:56 PM permalink
Quote: weaselman

What would be the reason for that?
I mean "cut the taxes" and "increase the money supply in the private sector" is really the same thing. One cannot be "the reason" for the other.




Sabotage goes to FSZ.
A particularly stupid (and.or corrupt) President might contemplate the idea, I guess, but that's where the great system of checks and balances comes in. He will never be able to pull it off.



The means to reduces money to spend is cutting spending, not decreasing revenue. We are not talking about a man and his shopaholic wife, we are talking about a multi-trillion-dollar economy.




The point is, that decreasing revenue is never your goal, so, there is no point in designing spending cuts to "compensate" for it.


Of course.



And it is, as long as we are talking about real-life tax cuts, that actually happen. There are mistakes and mishaps, of course, but generally the real tax cuts increase revenue when they are made.
If the rate was cut to 0% that would, of course, decrease the revenue, but that's exactly the reason why this particular cut will never be made.


It is not a good rule of thumb to decide whether to cut taxes or not. It is a good rule of thumb to predict what will happen after a decision to cut taxes has been made based on other consideration.


What's not the cause? When the taxes are cut, the revenue increases (or declines more slowly), at least in part because of the cut. In this sense the tax cut is the cause of the revenue increase.

what?
boymimbo
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February 12th, 2013 at 1:52:07 PM permalink
To be fair, 1.4 million new SNAP benefits were added in the period between November 2011 and 2012 or about 3,835/day, so 20,000K per day is your exagerration.

Still, 47 million on food stamps. Yikes.
----- You want the truth! You can't handle the truth!
stoneynv
stoneynv
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February 12th, 2013 at 1:54:31 PM permalink
Quote: EvenBob

Obama gives the State of the Union tonight. I just read
11,000 people a day are added to the food stamp rolls.
Sounds like things are on track to me. I'm starting to
get Obama fever. By summer it could be up to 20,000
a day, think of that...

5,500 go on food stamps daily because they tried to beat a -EV game. When I was a kid we had to buy "duck stamps"........are food stamps similar? Ducks are food.
stoneynv
stoneynv
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February 12th, 2013 at 2:11:45 PM permalink
Keynesian economics......evacuate an city, blow it up and rebuild it.....over and over and over again.
EvenBob
EvenBob
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February 12th, 2013 at 2:12:57 PM permalink
Quote: boymimbo



Still, 47 million on food stamps. Yikes.



The US is telling people in Mexico who want to cross the
border illegally how to get food stamps when they get
here. 40% of those crossing aren't from Mexico, they're
from S America, C America, E Europe, Russia, you name
it. Come here, we have lots of money and will take care
of you. 20,000 a day by July seems right on track to me..
"It's not called gambling if the math is on your side."
rdw4potus
rdw4potus
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February 12th, 2013 at 2:20:11 PM permalink
Quote: EvenBob

The US is telling people in Mexico who want to cross the
border illegally how to get food stamps when they get
here. 40% of those crossing aren't from Mexico, they're
from S America, C America, E Europe, Russia, you name
it. Come here, we have lots of money and will take care
of you. 20,000 a day by July seems right on track to me..



Yeah, of course illegal immigrants aren't eligible for food stamps. But hey, enjoy your fantasy!
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
stoneynv
stoneynv
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February 12th, 2013 at 2:27:23 PM permalink
Quote: rdw4potus

Yeah, of course illegal immigrants aren't eligible for food stamps. But hey, enjoy your fantasy!

Speaking of food....if the Chinese ate like Americans half the world would starve.
stoneynv
stoneynv
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February 12th, 2013 at 3:03:00 PM permalink
Quote: stoneynv

Quote: rdw4potus

Yeah, of course illegal immigrants aren't eligible for food stamps. But hey, enjoy your fantasy!

Speaking of food....if the Chinese ate like Americans half the world would starve.

here's some math......47,000,000 people are on food stamps.....more if one counts in all the food giveaway programs.... churches, schools, charities,....etc. but we'll use 47,000,000. Average recipient 25 lbs overweight (conservative). 47,000,000 x 25lbs=1.175 billion pounds of glory. 1,175,000,000 divided by 3,500 lbs (average vehicle ) equals 500,000 cars. Nearly as many cars as the wonderful "cash for clunkers" program destroyed. I never get to do elementary school math in this forum so please indulge me......thank you very much.
boymimbo
boymimbo
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February 12th, 2013 at 3:11:41 PM permalink
The average food stamp benefit is $133/person/month. That works out to $4.40/day. You could probably feed yourself on that amount / day, but not particularly well. Breakfast with oatmeal would probably be the simplest at about $.20 / portion. Tuna salad for lunch would cost about $1.50 including bread and mayo. Dinner at $2.70 would be more problematic but the vegetable and the starch would probably run you a $.75 while the meat portion at $2.00 might get you a couple of pounds of chicken legs (on sale) or an 8oz portion of breasts. Forget about snacking and soft drinks, however.
----- You want the truth! You can't handle the truth!
thecesspit
thecesspit
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February 12th, 2013 at 3:15:38 PM permalink
You know that survivng on dollar/day stat? That's using a real dollar purchasing power in the US....
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
stoneynv
stoneynv
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February 12th, 2013 at 3:25:29 PM permalink
Quote: thecesspit

You know that survivng on dollar/day stat? That's using a real dollar purchasing power in the US....

wait, what?
EvenBob
EvenBob
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February 12th, 2013 at 3:49:54 PM permalink
Quote: rdw4potus

illegal immigrants aren't eligible for food stamps!



Duh. That doesn't mean they can't benefit from them
very easily. Thats why we have instructions for them
now on how to game the system.

http://www.cis.org/north/food-stamp-program-rewards-households-illegal-aliens
"It's not called gambling if the math is on your side."
EvenBob
EvenBob
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February 12th, 2013 at 3:55:35 PM permalink
Quote: boymimbo

The average food stamp benefit is $133/person/month. That works out to $4.40/day. You could probably feed yourself on that amount / day,.



Most households consist of more than 1 person. If
you have 4, you can easily plan meals from scratch
on $18 a day as long as it consists of lots of starch,
like mac cheese, potatoes, home made bread, pasta,
tortillas, etc.
"It's not called gambling if the math is on your side."
stoneynv
stoneynv
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February 12th, 2013 at 4:05:55 PM permalink
Quote: weaselman

What would be the reason for that?
I mean "cut the taxes" and "increase the money supply in the private sector" is really the same thing. One cannot be "the reason" for the other.




Sabotage goes to FSZ.
A particularly stupid (and.or corrupt) President might contemplate the idea, I guess, but that's where the great system of checks and balances comes in. He will never be able to pull it off.



The means to reduces money to spend is cutting spending, not decreasing revenue. We are not talking about a man and his shopaholic wife, we are talking about a multi-trillion-dollar economy.




The point is, that decreasing revenue is never your goal, so, there is no point in designing spending cuts to "compensate" for it.


Of course.



And it is, as long as we are talking about real-life tax cuts, that actually happen. There are mistakes and mishaps, of course, but generally the real tax cuts increase revenue when they are made.
If the rate was cut to 0% that would, of course, decrease the revenue, but that's exactly the reason why this particular cut will never be made.


It is not a good rule of thumb to decide whether to cut taxes or not. It is a good rule of thumb to predict what will happen after a decision to cut taxes has been made based on other consideration.


What's not the cause? When the taxes are cut, the revenue increases (or declines more slowly), at least in part because of the cut. In this sense the tax cut is the cause of the revenue increase.

Wait, what?
Buzzard
Buzzard
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February 12th, 2013 at 4:14:28 PM permalink
Quote: EvenBob

Most households consist of more than 1 person. If
you have 4, you can easily plan meals from scratch
on $18 a day as long as it consists of lots of starch,
like mac cheese, potatoes, home made bread, pasta,
tortillas, etc.



Judging by the fat asses I see, I believe families are following Bob's meal planning menu.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
thecesspit
thecesspit
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February 12th, 2013 at 4:17:29 PM permalink
Quote: EvenBob

Most households consist of more than 1 person. If
you have 4, you can easily plan meals from scratch
on $18 a day as long as it consists of lots of starch,
like mac cheese, potatoes, home made bread, pasta,
tortillas, etc.



Absolutely. You can do pretty good if you add in some beans/lentils as well, and cheap, seasonal veg.

Folks have to do this around the world... US included.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
stoneynv
stoneynv
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February 12th, 2013 at 4:18:17 PM permalink
Quote: Buzzard

Judging by the fat asses I see, I believe families are following Bob's meal planning menu.

when the apocalypse comes it will be a month or two before most Americans will need a meal....
rxwine
rxwine
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February 12th, 2013 at 4:21:33 PM permalink
Quote: thecesspit

Absolutely. You can do pretty good if you add in some beans/lentils as well, and cheap, seasonal veg.

Folks have to do this around the world... US included.



How do they afford the smokes?
There's no secret. Just know what you're talking about before you open your mouth.
stoneynv
stoneynv
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February 12th, 2013 at 4:22:42 PM permalink
Quote: rxwine

How do they afford the smokes?

the cigarette line is right next to the cheese line
EvenBob
EvenBob
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February 12th, 2013 at 4:25:03 PM permalink
Quote: rxwine

How do they afford the smokes?



You can't buy smokes with food stamps. Most people
are on other assistance too, like welfare or unemployment.
"It's not called gambling if the math is on your side."
Buzzard
Buzzard
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February 12th, 2013 at 4:26:11 PM permalink
The " Baby Daddy" provides the smokes. In 2010 41% of all births were to unwed mothers.
Shed not for her the bitter tear Nor give the heart to vain regret Tis but the casket that lies here, The gem that filled it Sparkles yet
stoneynv
stoneynv
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February 12th, 2013 at 5:57:32 PM permalink
Quote: stoneynv

the cigarette line is right next to the cheese line

Americans are going to sit or more accurately lay around their T.V.'s tonight to find out what the Kings plan is for them. The State of the Union speech will be a far, far cry from Ronald Reagan's State of the Union speeches. Americans are different 30 years removed from the Reagan days. Most everybody has their hands out...... citizens have the keys to the mint and are gaming the system on all levels. It's impossible for me to watch the Statist.
EvenBob
EvenBob
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February 13th, 2013 at 1:11:53 PM permalink
Quote: stoneynv

Americans are going to sit or more accurately lay around their T.V.'s tonight to find out what the Kings plan is for them.



The King said everything is great, he has a plan
to fix everything he made worse in his first term. And
today there are 11,000 more people on food stamps
then there were yesterday, so he is making progress.
"It's not called gambling if the math is on your side."
stoneynv
stoneynv
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February 13th, 2013 at 1:36:59 PM permalink
deep tax cuts across the board......deeper cuts at top end (they pay all the taxes anyway). Money comes back to the productive where it is best allocated. Demand picks up because people have more money. The "velocity" of the dollar picks up hence more revenue to the government (not saying that's a good thing). Not taking any pushback on this......you won't win.
EvenBob
EvenBob
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February 13th, 2013 at 2:10:25 PM permalink
Quote: stoneynv

deep tax cuts across the board......deeper cuts at top end (they pay all the taxes anyway). .



No no no, you don't get it. That would create jobs and
thats not what we want. Pelosi said last year unemployment
was a good thing, the longer people collect it the better it
is for the economy. People also have to pay their 'fair' share
of taxes, just like in Europe. After WWII, the major countries
in Europe slashed their military budget to nothing, which
freed up the funds for the big Socialist Experiment. Thats
where we're headed, huge cuts in the military, big tax
increases, we'll all be as happy as those wascally clever EU
people are. Its brilliant, really..
"It's not called gambling if the math is on your side."
thecesspit
thecesspit
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February 13th, 2013 at 2:36:01 PM permalink
I hope the US does try this. It'd be useful to get a new set of economic experiments going.

Personally, I think slashing the top rate at the expense of across the board is the wrong thing to do (utility of money, flat tax rates, etc), but go ahead, do it. Disproving Keynesian economic hypotheses would be worthy thing to do.
"Then you can admire the real gambler, who has neither eaten, slept, thought nor lived, he has so smarted under the scourge of his martingale, so suffered on the rack of his desire for a coup at trente-et-quarante" - Honore de Balzac, 1829
s2dbaker
s2dbaker
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February 13th, 2013 at 2:55:00 PM permalink
Hey Bob, remember this post?
Quote: EvenBob

Quote: Keyser

What we need to address now is how are we going to deal with the riots, that will surely happen, if Romney wins.

I'm not seeing that. The enthusiasm is really down
in minority communities. Obama has done nothing
that he said he was going to do for minorities, and
they resent it.

What's it like to be always wrong?
Someday, joor goin' to see the name of Googie Gomez in lights and joor goin' to say to joorself, "Was that her?" and then joor goin' to answer to joorself, "That was her!" But you know somethin' mister? I was always her yuss nobody knows it! - Googie Gomez
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