A graphical representation of the deficit

SteamWake · 02-26-09, 12:58 PM

Sometimes a picture is worth a thousand words.

If this doesent make you worry about the way legislation is going right now nothing will.

AVGWarhawk · 02-26-09, 01:39 PM

Why, no. He will tax the rich at 2%

Still will not cover it

Yeah, I'm a bit worried. China could call in the chips at any time.

SteamWake · 02-26-09, 01:46 PM

Quote:

Originally Posted by AVGWarhawk

Why, no. He will tax the rich at 2%

Still will not cover it

Yeah, I'm a bit worried. China could call in the chips at any time.

Funny you should mention that. Ive heard that the 'rich' could be taxed at 99.9% and still not cover it.

Zachstar · 02-26-09, 02:03 PM

Only someone who is completely into class war thinks that is the case. While I favor higher taxes for the rich and extreme tax hikes on companies who even dare to THINK about outsourcing. I know the only way to pay the debt off is to gain the technologies that will enable the economy to boom high enough where tax money flows like a river.

SteamWake · 02-26-09, 02:09 PM

Quote:

Originally Posted by Zachstar

Only someone who is completely into class war thinks that is the case. While I favor higher taxes for the rich and extreme tax hikes on companies who even dare to THINK about outsourcing.

Ahh the Irony.. You do realize that the upper 5% income earners pay nearly 90% of the taxes?

Zachstar · 02-26-09, 02:16 PM

So?

You think with them paying so much in taxes they would be calling left and right for the gov to use that money to advance the technology that will make them richer. Instead all we ever hear from them is how high taxes are supposedly keeping them from expanding (Sorry is that extra bit of tax keeping you from hiring a few more paid slaves elseware in the world?)

Oh well they face the horrors of tax like many face the horrors of mortgage payments. Its not news.

Tell you what. Ill support lower taxes for the rich if and when full anti-outsourcing laws are signed in.

PeriscopeDepth · 02-26-09, 02:17 PM

Wait a second, that line to the far right isn't the border of the graph!

"I only need to spend a lot just once before I balance the budget and save the world. I promise!"

And the thieves in Congress will probably pass it through so they can keep on pinning the President as the ultimate force in American politics while siphoning off whatever fat they can to their districts.

Foreign countries need to start giving us the finger when we want to make more ATM withdrawals. Because we obviously can't control ourselves.

PD

AVGWarhawk · 02-26-09, 02:18 PM

Quote:

Originally Posted by Zachstar

Only someone who is completely into class war thinks that is the case. While I favor higher taxes for the rich and extreme tax hikes on companies who even dare to THINK about outsourcing. I know the only way to pay the debt off is to gain the technologies that will enable the economy to boom high enough where tax money flows like a river.

Outsourcing....

a Clinton era notion? Companies that will get higher taxes will take their plants somewhere else. Something McCain was attempting to explain. Technology will make a company profitable, the economy will boom high enough where tax money will flow?

What model of business are you working with on this notion?

Zachstar · 02-26-09, 02:26 PM

McCain lost.. Guess America did not agree.

And yes tech does make a company profitable. If for instance you had widespread fusion and did not have to pay as much for energy that increases profits.

Bigger biz = more tax income of course.

Sailor Steve · 02-26-09, 03:23 PM

I disagree with one point.

Quote:

Originally Posted by Zachstar

I know the only way to pay the debt off is to gain the technologies that will enable the economy to boom high enough where tax money flows like a river.

The only way to pay off the debt is to make Congress stop spending more than they take in. Some think this is done by raising taxes to bring more in; I think it can only be done by forcing Congress to live within their means.

Not that that will ever happen, but I have to dream about something.

Sea Demon · 02-26-09, 03:28 PM

Quote:

Originally Posted by Sailor Steve

I disagree with one point.

Quote:

Originally Posted by Zachstar

I know the only way to pay the debt off is to gain the technologies that will enable the economy to boom high enough where tax money flows like a river.

The only way to pay off the debt is to make Congress stop spending more than they take in. Some think this is done by raising taxes to bring more in; I think it can only be done by forcing Congress to live within their means.

Not that that will ever happen, but I have to dream about something.

I agree Steve. Although, there is alot of fraud, waste, and abuse that also needs to be slashed completely. In addition, I am curious by those who see tax increases as an end all. That usually fosters less economic activity, and reverses growth trends. Meaning eventually, less taxable sources from which to derive your tax base from.

AVGWarhawk · 02-26-09, 03:29 PM

Quote:

Originally Posted by Sailor Steve

I disagree with one point.

Quote:

Originally Posted by Zachstar

I know the only way to pay the debt off is to gain the technologies that will enable the economy to boom high enough where tax money flows like a river.

The only way to pay off the debt is to make Congress stop spending more than they take in. Some think this is done by raising taxes to bring more in; I think it can only be done by forcing Congress to live within their means.

Not that that will ever happen, but I have to dream about something.

Correct, China is assuming our debt. Soon we will be owned by China.

02-26-09, 12:58 PM	#1
SteamWake Rear Admiral Join Date: Mar 2005 Posts: 13,224 Downloads: 5 Uploads: 0	A graphical representation of the deficit Sometimes a picture is worth a thousand words. If this doesent make you worry about the way legislation is going right now nothing will. __________________ Follow the progress of Mr. Mulligan : http://www.subsim.com/radioroom/showthread.php?t=147648

02-26-09, 01:39 PM	#2
AVGWarhawk Lucky Jack Join Date: Jun 2005 Location: In a 1954 Buick. Posts: 28,282 Downloads: 90 Uploads: 0	Why, no. He will tax the rich at 2% Still will not cover it Yeah, I'm a bit worried. China could call in the chips at any time. __________________ “You're painfully alive in a drugged and dying culture.” ― Richard Yates, Revolutionary Road

02-26-09, 02:03 PM	#4
Zachstar Sea Lord Join Date: Feb 2005 Location: Shreveport, Louisiana Posts: 1,956 Downloads: 13 Uploads: 0	Only someone who is completely into class war thinks that is the case. While I favor higher taxes for the rich and extreme tax hikes on companies who even dare to THINK about outsourcing. I know the only way to pay the debt off is to gain the technologies that will enable the economy to boom high enough where tax money flows like a river. __________________

02-26-09, 02:16 PM	#6
Zachstar Sea Lord Join Date: Feb 2005 Location: Shreveport, Louisiana Posts: 1,956 Downloads: 13 Uploads: 0	So? You think with them paying so much in taxes they would be calling left and right for the gov to use that money to advance the technology that will make them richer. Instead all we ever hear from them is how high taxes are supposedly keeping them from expanding (Sorry is that extra bit of tax keeping you from hiring a few more paid slaves elseware in the world?) Oh well they face the horrors of tax like many face the horrors of mortgage payments. Its not news. Tell you what. Ill support lower taxes for the rich if and when full anti-outsourcing laws are signed in. __________________

02-26-09, 02:26 PM	#9
Zachstar Sea Lord Join Date: Feb 2005 Location: Shreveport, Louisiana Posts: 1,956 Downloads: 13 Uploads: 0	McCain lost.. Guess America did not agree. And yes tech does make a company profitable. If for instance you had widespread fusion and did not have to pay as much for energy that increases profits. Bigger biz = more tax income of course. __________________

02-26-09, 02:17 PM	#7
PeriscopeDepth Sea Lord Join Date: Jul 2002 Location: Pacific NW Posts: 1,894 Downloads: 6 Uploads: 0	Wait a second, that line to the far right isn't the border of the graph! "I only need to spend a lot just once before I balance the budget and save the world. I promise!" And the thieves in Congress will probably pass it through so they can keep on pinning the President as the ultimate force in American politics while siphoning off whatever fat they can to their districts. Foreign countries need to start giving us the finger when we want to make more ATM withdrawals. Because we obviously can't control ourselves. PD