unofan
Well-known member
Added to the debt. The deficit shrank.
USCHO Fan Forum
This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!
-
The USCHO Fan Forum has migrated to a new plaform, xenForo. Most of the function of the forum should work in familiar ways. Please note that you can switch between light and dark modes by clicking on the gear icon in the upper right of the main menu bar. We are hoping that this new platform will prove to be faster and more reliable. Please feel free to explore its features.
Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
- Thread starter FreshFish
- Start date
- Status
Added to the debt. The deficit shrank.
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
Added to the debt, and it also means an increasing portion of the budget will need to spent on debt servicing. And at whatever point the Fed won't able to keep interest rates artificially low, that debt servicing will probably really skyrocket. And since it's a CBO estimate, based upon assumptions Congress fed them rather than any truly objective estimate of all the facts, it's also likely to be overly optimistic.
walrus
Wind up workin' in a gas station
St. Clown
Liberal Rebel Scum, apparently
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
Expect to see FedEx, UPS, et al to start ad campaigns surrounding their continued Saturday delivery services.
http://www.foxnews.com/politics/2013/02/06/postal-service-to-cut-saturday-mail-to-trim-costs/
http://money.cnn.com/2013/02/06/news/economy/postal-service-cuts/index.html?hpt=hp_t1
Expect to see FedEx, UPS, et al to start ad campaigns surrounding their continued Saturday delivery services.
http://www.foxnews.com/politics/2013/02/06/postal-service-to-cut-saturday-mail-to-trim-costs/
http://money.cnn.com/2013/02/06/news/economy/postal-service-cuts/index.html?hpt=hp_t1
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
USPS said it would continue to deliver packages on Saturday. Only delivery of mail-order catalogs (and the occasional envelope) will no longer occur on Saturday.
USPS said it would continue to deliver packages on Saturday. Only delivery of mail-order catalogs (and the occasional envelope) will no longer occur on Saturday.
FlagDUDE08
Banned
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
Fair enough. I'm still a bit skeptical about the "future predictions". If you continue to read on, your source also states that at the time Obama is supposed to leave office, we will see ramped up deficits. Assuming that this is true, that would certainly explain the timing point I had made before. Also, I'm not so sure about the continued deficit decreases. After all, are we going to see those in higher brackets become citizens of another country in order to escape the higher taxes? What other spending cuts would be taking place?
Fair enough. I'm still a bit skeptical about the "future predictions". If you continue to read on, your source also states that at the time Obama is supposed to leave office, we will see ramped up deficits. Assuming that this is true, that would certainly explain the timing point I had made before. Also, I'm not so sure about the continued deficit decreases. After all, are we going to see those in higher brackets become citizens of another country in order to escape the higher taxes? What other spending cuts would be taking place?
St. Clown
Liberal Rebel Scum, apparently
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
The CNN story said that the USPS would only deliver packages on Saturdays, that letters in transit would wait until Monday.
I'm not sure where people would go. Europe's taxes are far higher than the US and Russia or Mexico aren't exactly the safest places to be flashing money around.
The CBO tends to be a bit conservative in their outlook also. A rising stock market for example will drive a lot more capital gain tax revenue at the higher rate.
St. Clown
Liberal Rebel Scum, apparently
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
Did you know that until the recent tax hikes in France, their combined taxes were lower than the average combined taxes of the United States. The US taxes include all federal, state, and local taxes levied. Living in some states still kept you below the level of French policies, but it's still something to think about when people say that the Europeans suffer under taxes at such higher rates than the US citizens.
Monaco and Singapore are good options for the rich people looking to avoid taxes. Other options involve sketchier areas in the world.
Did you know that until the recent tax hikes in France, their combined taxes were lower than the average combined taxes of the United States. The US taxes include all federal, state, and local taxes levied. Living in some states still kept you below the level of French policies, but it's still something to think about when people say that the Europeans suffer under taxes at such higher rates than the US citizens.
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
So five of the six highest deficits ever recorded occured during Obama's Presidency (so far)?
Your answer will be "yes, but" and all I'll hear is the "yes" part. Excuses are for people who don't know how to lead.
So five of the six highest deficits ever recorded occured during Obama's Presidency (so far)?
Your answer will be "yes, but" and all I'll hear is the "yes" part. Excuses are for people who don't know how to lead.
FlagDUDE08
Banned
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
I believe Canada is very up and coming. Perhaps Australia?
Were qualified dividends eliminated at certain income levels? If so, cap gains I think could even get the full rate because, with pee-pot interest rates at a bank, the stock market's the only place to make money, and so that would say to me more volume of trades leading to short term cap gains. Remember that gains from the appreciation of assets held less than a year go for the full blown rate. I don't think we'll see a rising market, even though I'm sure the Dow 20K folk from 2007 are coming out of the woodwork again. If not, I see our typical yearly cycle for stocks, so you're not going to see too much of a difference in real generated gains.
I believe Canada is very up and coming. Perhaps Australia?
Were qualified dividends eliminated at certain income levels? If so, cap gains I think could even get the full rate because, with pee-pot interest rates at a bank, the stock market's the only place to make money, and so that would say to me more volume of trades leading to short term cap gains. Remember that gains from the appreciation of assets held less than a year go for the full blown rate. I don't think we'll see a rising market, even though I'm sure the Dow 20K folk from 2007 are coming out of the woodwork again. If not, I see our typical yearly cycle for stocks, so you're not going to see too much of a difference in real generated gains.
FlagDUDE08
Banned
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
Even at the bottom-out in the article that Grover provided, the answer is STILL yes. Heck, I believe as a percentage of GDP is also some of the highest.
Even at the bottom-out in the article that Grover provided, the answer is STILL yes. Heck, I believe as a percentage of GDP is also some of the highest.
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
No. There haven't even been 5 full fiscal years completed during his presidency (even if you include FY 2009 which is Bush's final budget.)
No. There haven't even been 5 full fiscal years completed during his presidency (even if you include FY 2009 which is Bush's final budget.)
How DARE you inject logic into a knuckledragger's argument!
Fishy is still waiting for history to vindicate his hero George W Bush for both his economic policies and his foreign policy. I hope he plans on living for a looooong time, like maybe 500 years. 
mookie1995
there's a good buck in that racket.
To EIGHT HUNDRED & FORTY FIVE billion dollars
FlagDUDE08
Banned
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
Amended and approved by a Democrat Congress.
Amended and approved by a Democrat Congress.
unofan
Well-known member
In a country with a GDP of FIFTEEN TRILLION AND CHANGE dollars.
Big scary numbers are big and scary.
mookie1995
there's a good buck in that racket.
The country (people & corporations) make the GDP. The gov'ment doesn't make that. Though the gov'ment spends.
Y'all are in charge.... You spend, send out a bill to peeps to pay the credit card
845b
July 2012 population was 313,914,040
Everyone gets a bill for $2,691&82 cents
Last edited:
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
Which is completely irrelavent to a simple count of the number of annual deficits that have been recorded while Obama is in office. If a football team has played 3 games they can't possibly be 1-5. Doesn't matter who was refereeing.
Which is completely irrelavent to a simple count of the number of annual deficits that have been recorded while Obama is in office. If a football team has played 3 games they can't possibly be 1-5. Doesn't matter who was refereeing.
FlagDUDE08
Banned
Re: Strands in the Tapestry: the Business, Economics, and Tax Policy Thread
Actually, considering the deficit by year amounts, remember in 2007 was lower than 2002, and by the logic offered here, still under GOP tutelage. Once the left took over, which by your logic happened in 2008 given Congress is the ones who finalize the budget, the deficits started to skyrocket. Don't let those facts keep you from blaming someone who hasn't been President in over 4 years, though...
Actually, considering the deficit by year amounts, remember in 2007 was lower than 2002, and by the logic offered here, still under GOP tutelage. Once the left took over, which by your logic happened in 2008 given Congress is the ones who finalize the budget, the deficits started to skyrocket. Don't let those facts keep you from blaming someone who hasn't been President in over 4 years, though...
- Status