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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (607652)	4/13/2011 2:36:04 PM
From: Jim McMannis	2 Recommendations Respond to of 1587371

The Bush tax cuts were set to expire. Had not Obama turned them into the Obama tax cuts they would have. Obama even could have reinstated the estate tax for 2010 which went to zero. He then extended it instead of letting it fully reset. Obviously the man is a puppett to somebody...now he's trying to be a poll front runner.

To: i-node who wrote (607652)	4/13/2011 3:08:21 PM
From: tejek	Read Replies (3) \| Respond to of 1587371

The real point, however, is that tax increases do not constitute any real contribution to solving the problem. ONLY spending cuts will work. When you increase taxes, you diminish economic growth, which effectively quells revenue growth. When a person reduces their food intake, they can offset the loss of food by reducing their activities. However, there is a point reached where all the reduced activities is of no use and the body begins to lose muscle mass. Besides, the rich need to pay their fair share. If increased taxes upset them that much, tell them to cut back their financial support of the GOP. The offset should bring them back to even. ;-)