The Mudcat Café TM
Thread #31418   Message #410005
Posted By: MAV
02-Mar-01 - 10:51 PM
Thread Name: BS: The Budget Struggle
Subject: RE: BS: The Budget Struggle
Hey Skeptic,

"What Clinton (or Reagan) did isn't germain"

My point was in reaction to her whining about the characteristics of the tax cut for working people which she obviously opposes anyway.

Since you brought it up, I think it is relevant since both JFK and Reagan knew that unleashing tax money would both stimulate the economy and increase revenue.

"Announcing a tax cut without first presenting a budget may be good politics. It makes little economic sense"

It does if you plan on reforming a bloated self-serving bureaucracy. The government isn't the economy but it sure can rape it.

"One which they are all too willing to push off on the Federal or State government. Have the tax payers foot the bill and they reap the benefits. Which is truly corporate welfare"

I'm no fan of it, that's what they make universities and technical colleges for. Grants can be obtained from most industries to students agreeing to work for them after graduating.

"Quoting 2-3% unemployment is to use flawed statistics as the Labor Department stops counting people after a year of being unemployed and doesn't dela with underemployment at all"

I was referring to my own impoverished state which seems to be doing relatively well at the moment. (2-3% unemployment)

" FB charities are, after all, federally funded"

They will be and also state and private contribution funded, but a tax cut frees up more money for voluntary gifts. Americans are by comparison very generous when it comes to charitable giving.

"21% (or 32%) of the wealth, 43% of the tax benefits Did you?"

I did drop out of calculus but that doesn't come into play here.

Let's get this straightened out here ok?

There are two sets of percentages here and you are either accidentally or deliberately confusing them. (I still think you are a conservative and pulling my leg)

We'll use your 21%. That number refers to the percent of the total tax burden carried by the top 3% highest paid earners.

If they got it ALL back, it wouldn't be 21% it would be 100% (of the 21%)

Looked at in another way, if they're getting 43% of the benefit it means they are NOT getting 57% of it (the 21%)

"And remember that what is being reformed is income tax, not payroll tax"

Right, payroll tax, FICA, another dirty trick pulled on the working man by the Congressional democrats.

Calm down, we'll get to that as soon as we can, we can't do everything at once.

I hope they can replace all this confusing crap with a national sales tax (2%). That would be fair.

"I though we had a Republican Congress? Or is it less logical"

We did, but much to my dismay, they sure as hell haven't cut the budget, much less defunded departments.

The Department of Health and Human Services and HUD (headed by clinton/algor) were both still there, fully staffed, last time I looked.

Those would be the disingenuous democrats I was referring to, who let all those people starve (and who's budget was not cut)

"Lets see, the deficit wasn't the Republican President Reagan or Bush's fault because the democrats were in control of congress"

Yes, the Congress spent their guts out to the tune of $1.83 for every dollar of revenue increase the Reagan tax cut created. "But the Republicans get credit for the recovery because they were in control of congress"

Yes, they passed a massive capital gains tax cut on investments which caused people for sell "stinker" investments and re-invest in new technologies and performing companies, you do remember that don't you?

Republicans do those kinds of things no matter where in government they are (unless they're RINOs)

"Is sense a basic illogic here"

Yes, but you need to see the rest of the story.

Good work John, I'm hungry now. Ham and Swiss on rye?

mav out