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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: Wharf Rat who wrote (134693)	7/15/2013 1:21:31 PM
From: ChinuSFO	Read Replies (1) \| Respond to of 149317

I realize that you are not happy with Obama's extension of the Bush era tax cuts. But let us look at it in a manner that mindmeld is failing to look at. When Obama extended the tax cuts, we saw no benefit and the economic improvement remained stagnant. But the economy started to improve after Obama did away with the Bush tax cuts and revenues started trickling in again. More people started to work and revenue increased due to the expansion of the tax base. Imagine the revenues we will start to collect if we can address the underground economy that exists due to illegal immigration. By their refusal to address the issue in a manner that makes the most sense, they continue to be suckers by inviting cheap labor. Their solution to the illegal problem is like the solution to "Heat the Atlantic ocean to address the problem of attacks by submarines."

To: Wharf Rat who wrote (134693)	7/15/2013 5:36:38 PM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

We are agreed. Contrary to popular opinion, tax cuts DO result in an increase in deficits. Tax increases and spending cuts are what result in surpluses. The GOP refused to negotiate, and so, we went off the fiscal cliff. That resulted in an expiration of the Payroll Tax cut and a reduction of spending in many areas. The combination of those two things (increase in taxes and reduction of spending) has resulted in an improved deficit picture and a June surplus. The only thing that amazes me is that this should have been a surprise to anyone. Want to balance the budget? Stop spending so damned much and increase taxes. None of this is rocket science.