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Author Topic: Mitt Romney pays lower tax rate than i do
buckstalker
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Well Glass...according to the article I posted the govt. wastes every single dollar collected in personal income tax...I want that to stop!

and...no they don't like whistleblowers but if these scum continue to go unchallenged nothing will change...I'm not sure who's up to what there, but I would do anything I could to stop the abuse...

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raybond
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Of course Rommney pays very little in taxes look where he parks his money,in the cayman islands,.

Its legal to do it so all the criminals,tax evaders,and free loading scum do it. And Rommney is right there with them. Like my hard working dad alway said {if you don't want fleas don't lay down with dogs}.

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The Bigfoot
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OK. Here is how I think Obama stacks up against the article that you linked buck.

Taxes: Obama stepped up pressure on employers of illegal immigrants, cracked down on offshore bank accounts to the point where even the Swiss named names, and is calling for removing tax breaks to oil companies.

Medicare: A good portion of Obamacare deals directly with reducing costs and using those savings to provide better benefits. More can be done but Obama was the one who stood up to it first.

DOD: military spending cuts has been on Obama's desk since day one. He is being modest in his requests when some want $700 Billion or more but it is definitely an Obama agenda item.

Farm subsidies: I haven't heard much from Obama on this and I would really like to. If we refocused this program onto small family farms again it would be so beneficial for rural communities. Making a 40 acre farm a viable entity again would be a beneficial culture shift. Obama loses on this one.

#5 Capital Waste: Ok There are some stupid projects out there. I don't think there is a good way to remove this subject line though. How do you prevent projects from not living up to their expectations? More oversight? That costs money...right?

#6 disability and food stamps: By their own number the fraudulent activity on disability roughly accounts at 1% of total funds defrauded. Target Corp would give their right arm to have a number like that. 1% is a very tame number. The food stamps are a problem, which is why they are moving to cards where they can...but...they are food stamps. Is defrauding the gov in order to buy food really a top priority?

Pork spending: this is one where Obama has failed. I will admit that straight out. He hasn't been bad but hes not lived up to his rhetoric on this issue.

Corp Welfare: Here also Obama has failed. I do not count what he gave to car makers and such during the height of the crisis but in order to back away from the precipice he has been all to willing to offer subsidies for certain types of projects. I don't mind some of them (solar/wind) but that doesn't change the fact that he cannot claim himself a reducer.

Redundant programs: Obama has asked congress multiple time to let him merge redundant programs. the latest was just 6 days ago. Congress is sidestepping this issue along with the rest of their responsibilities.

Interest on the debt: That's a big deal. The only way to get rid of that one is to pay it off. The only way to pay it off is to raise revenue collections. You ready to do that? I am.

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buckstalker
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Doesn't look like he stacks up very good BF...

Here's the biggest problem I have with this whole income tax thing...

The Whitehouse and Congress takes our hard earned money, spends it wildly and wastefully, and gives us no choice in how or what it is spent on? That's a piss poor business model right from the get go don'tcha think?

Both parties are owned by "big business" and both parties are doing the same exact thing...Taking care of "big business".

They are spending our money foolishly and frivolously, and spending twice as much as they can afford year after year...

You yourself just made my case...Out of the 10 categories you list, Obama has done nothing in 7 out of the 10 categories, very little in 2, and made the last 1 a hell of a lot worse.

1. Stepped up pressure, cracked down and called for things to be different, when in fact they are not different
2. Obamacare - I have yet to see a hint of any type of reduced costs in anything that has to do with healthcare
3. Cutting military spending has been on his agenda for damn near 4 years and he has done nothing in that area
4. Nothing
5. Nothing
6. Nothing
7. Nothing
8. Nothing
9. Has asked for but achieved nothing
10.Nothing but increase the debt and the interest on the debt.

Is he the lesser of two evils?...don't care!
I'm sick and tired of evil running this country...

Congress should not have the right to take our money and spend it wastefully and foolishly...PERIOD, and I guarantee you that a hell of a lot of that money is going straight to their "corporate handlers"

And lastly NO...I am not ready pay off the debt that THEY have incurred...let them get it from their cronies, corporations and special interest groups they've been coddling up to for too many years...

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The Bigfoot
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How would you have them give you a choice on how it is spent buck? Seriously. What format off feedback would satisfy you? If an alternative was presented that made sense I would seriously look at it. All this "go back to gold", "shutter the fed", "all control to the states", etc. is just wishful thinking. The sacrifices needed to institute such changes would be catastrophic in proportion.

As to the list (which was printed before Obama took office), I think your case is shallow.

The first three items on the list where Obama's moves have been most prevalent make up more than half of all identified wasteful spending according to this group.

1) You are intentionally not looking at the successes this admin has had on tax dodging and illegal employment compared to previous admins. There is still a problem but you can't say gains aren't being made.

2) I am related to cancer patients who are already saving thousands per year due to changes (especially the doughnut-hole). As to system cost reductions if you don't believe the CBO then you wont believe anything until after the fact. That's nine years from now. We will have to pick the point back up then. Until then I can only point to this.

http://www.washingtonpost.com/blogs/fact-checker/post/obamacare-and-the-myth-of- rising-cost-estimates/2011/03/24/ABn6JmRB_blog.html

3) I'd say finishing one war, killing our most hated enemy, and winding down another is doing something on cutting military spending. You can blame him for not doing more sooner if you want but the facts are Congress gave the DOD 16 Billion MORE than Obama asked for in 2010(his first budget request). Obama and Gates asked for more in 2011 but at the same time cut previously planned spending by 330 Billion that year and in 2012 asked for a real cut of 15 Billion (congress cut deeper to 43). Looking forward to 2013 Obama is asking for near 100 Billion in reductions and is planning further cuts of at least 40 Billion in war spending alone for 2014.

4) Nothing. Lets remember that this is a $20 Billion dollar program. I would like it to get attention but even eliminating it completely would be small potatoes and would seriously hurt many farmers.

5) Nothing. A 30 Billion dollar estimation that I have previously said I don't know how anyone can control. Hindsight is 20/20.

6) $1 Billion in estimated disability fraud. $1 Billion if food stamp fraud. Not hardly worth discussing until other issues are put to bed.

7)I will put this $20 Billion on Obama's tab though you and I both know he isn't alone here.

8) Another $50 Billion on the Obama tab for corporate welfare. Change this agenda item and you change Washington. I look forward to that day and am not holding my breath...even if Paul were elected I would not.

9) $30 Billion congress won't let him tackle.

10) "The fact of the matter is," Obama replied, "is that when we came into office, the deficit was $1.3 trillion -- $1.3 trillion. So when you say that suddenly I've got a monthly deficit that's higher than the annual deficit left by Republicans, that's factually just not true, and you know it's not true. And what is true is that we came in already with a $1.3 trillion deficit before I had passed any law. What is true is, we came in with $8 trillion worth of debt over the next decade."
This statement has been fact-checked.
http://www.politifact.com/truth-o-meter/statements/2010/jan/29/barack-obama/obam a-inherited-deficits-bush-administration/


You don't want congress to spend your money and you don't want to pay off the debt they incurred. Ok. There is some truth there. Congress can't be fully trusted and have misspent money. So...who you gonna give your money to that can be fully trusted and won't misspend your money? The Church? Army? Google? Yourself?

And if we aren't gonna pay off the debt, who's gonna do it? You think the corps are gonna volunteer? Someone somewhere sometime has to stand up and shoulder the burden. I shouldn't have to tell people on this site the consequences of compounding and how it relates to debt.

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glassman
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And what is true is that we came in already with a $1.3 trillion deficit before I had passed any law. What is true is, we came in with $8 trillion worth of debt over the next decade."

"Obama's spending" has not been all that bad considering that the Fed had to secretly prop up the banking system with around 7 trillion in loans before TARP was even issued. I don't know what Obama could have done to cut spending signifcantly and keep US out of a Major Depression. He did keep US out of a Depression. I don't think most Americans really understand what happened. The banks (all of them) were creating money out of thin air and loaning it out. They took out insurance policies on those questionable loans in the form of CDS'es. The system failed completely. We went Bankrupt. We still are bankrupt. Obama has been blamed for alot fo things that the Bush and Clinton and Delay and Newt and Pelosi did.

That said, i still think he could have drawn a line in the sand a few times when he didn't. I think a Gingrich Presidency would all lines drawn in the sand and a complete failure, even if he had the GOP running the House and the Senate. The guy has too much ME in him.

I think Ron Paul wold be reasonable at the end of the day, but he would make sure that the things that need to be said are said.

I understand that Greece failed to get the private financing they were trying to get last Friday and we could see real problems in Europe now. The SC primary dominated the news cycle over the weekend, and it seems to have gone unnoticed by most.....

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CashCowMoo
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People have been led to believe that the real problem with our nations financial problems is successful people not paying more tax money.


I read somewhere (I havent confirmed the info on my own yet) that if you took the 400 richest Americans and took ALL Their wealth it would only run the government for 1 or two months. If that is the case it would seem our government truly is out of control on waste, pork, etc.

Ron Paul was right, we built a 1 billion dollar embassy in Baghdad which is larger than the vatican...what sense does that make.

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glassman
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People have been led to believe that the real problem with our nations financial problems is successful people not paying more tax money.

uh cash, it's not just the wealthy.

very few people were against the war in Iraq after 9-11, and nobody was against invading Afghanistan. Cutting taxes was just another big lie.

the 1 billion dollar embassy was Bush's way of telling the Iraqi people we were there to be their overlords, and whne the American people voted the Democrats into office on platform of leaving Iraq? Half the insurgents backed off, and we bought the other half off....

The Fed lent 7 trillion in emergency loans before TARP was implemented. that's half our GDP, and it also happens to be about how much the DOW lost dropping from 14,000 to 7,000

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The Bigfoot
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No one wants to do to the upper class what Putin did to the owner of Yukos Oil. Liquidating others wealth solves nothing, it is just another extension of the blame game.

Funds must be raised however. We cannot get rid of decades of debt by cutting outlays by 10% and we will only get there if our politicians start working together. There are no funds to be raised in the low income class. Middle class has be slowly deflated of funds for the last quarter century. Upper class is where the growth is and that growth is where we can afford to tax. When the economy gets better and the middle class starts becoming upwardly mobile again I will say the same thing for the middle class if we still have deficits.

When I think of a Ron Paul presidency Glass, the images that pop into my mind are the Ventura governorship here in Minnesota. Lots of youth support, counter (political establishment) culture messaging, not afraid to say what he thought. He did a few good things up here in his first year or two. Lots of fights but he did do a few good things. After that, the political establishment and the media that he rallied against stopped working with him. He became an impotent player who was worked around. Even his supporters were glad to see him out of office by the end.

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glassman
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Ventura was pro westler. As a real wrestler in HS there's nothing i loathe more than the actors they claim are wrestling. Ron Paul is an OB MD he's delivered 4000 or so babies. I think he's more grounded in realtiy than anybody else in national politics. I realise he presents his views in rather extreme terms, BUT! our country is in extreme trouble and nobody is looking at the real problems squarely. Even Obama has not dealt with the issue of too big to fail, not at all.

We could tip right back over any day. Iran firing a few missiles would push oil to 200$ or more. We have 4 million barrels per day excess oil capacity and we are paying 100$ per barrel. Know why? We are seeing commodity bubble form. When this one busts? We are going to have real social and economic problems. The gold standard does deal directly with all of speculation problems. The fact is? we allow banks to lend themselves money that doesn't exist, and then we cover their bad bets to boot. They cannot lose.

They literally expect US to do waht they say, adn then they do whatever they want to do.

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buckstalker
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quote:
Originally posted by The Bigfoot:
How would you have them give you a choice on how it is spent buck? Seriously.


You don't want congress to spend your money and you don't want to pay off the debt they incurred. Ok. There is some truth there. Congress can't be fully trusted and have misspent money. So...who you gonna give your money to that can be fully trusted and won't misspend your money? The Church? Army? Google? Yourself?

And if we aren't gonna pay off the debt, who's gonna do it?

Here are the answers to your questions BF...

#1 & #2
I would have them give me a CHOICE on how my money is spent by simply stopping the practice of forcibly taking my money. Let me "CHOOSE" who I give my money to, and decide what "programs" I "choose" to support.

#3
Personally I think the debt is too large to ever pay off anyway. Also, I am 100% certain that if we keep electing the "establishment" republican and democratic candidates, that our debt will never be paid down and will only continue to grow. In answer to your question...If "they" really want to pay off the debt then get it from the "special interest groups", "big business" and the "too big to fail" banks that they have been coddling for far too long...

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It's all in the timing...

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buckstalker
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quote:
Originally posted by The Bigfoot:
We cannot get rid of decades of debt by cutting outlays by 10% and we will only get there if our politicians start working together.

When I think of a Ron Paul presidency Glass, the images that pop into my mind are the Ventura governorship here in Minnesota. Lots of youth support, counter (political establishment) culture messaging, not afraid to say what he thought.

We will only get there if our politicians start working together??? Are you serious???

You evidently still believe in the illusion that there is still a true two party system. Trust me our politicians are working very well together. They just aren't working for us!!!

When I think of a Ron Paul presidency the images that pop into my head are:

A president that is honest, possesses a great deal of integrity and doesn't pander for votes.
A president that served 12 terms as a congressman, has seen first hand what is going on in Washington, and will tell you just how corrupt it really is. I see a president that can't be bought by "big business" or owned by "special interests" and a man that truly wants to represent "the people" and to protect their liberties. I see a president that would be "cautious" before going to war and a president that would wait for a declaration from congress before doing so. I see a president that believes in restoring "sound money" and a "balanced budget". And lastly, I see a president that I can "TRUST" to do what he says he will do...

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rounder1
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quote:
Originally posted by buckstalker:
quote:
Originally posted by The Bigfoot:
We cannot get rid of decades of debt by cutting outlays by 10% and we will only get there if our politicians start working together.

When I think of a Ron Paul presidency Glass, the images that pop into my mind are the Ventura governorship here in Minnesota. Lots of youth support, counter (political establishment) culture messaging, not afraid to say what he thought.

We will only get there if our politicians start working together??? Are you serious???

You evidently still believe in the illusion that there is still a true two party system. Trust me our politicians are working very well together. They just aren't working for us!!!

When I think of a Ron Paul presidency the images that pop into my head are:

A president that is honest, possesses a great deal of integrity and doesn't pander for votes.
A president that served 12 terms as a congressman, has seen first hand what is going on in Washington, and will tell you just how corrupt it really is. I see a president that can't be bought by "big business" or owned by "special interests" and a man that truly wants to represent "the people" and to protect their liberties. I see a president that would be "cautious" before going to war and a president that would wait for a declaration from congress before doing so. I see a president that believes in restoring "sound money" and a "balanced budget". And lastly, I see a president that I can "TRUST" to do what he says he will do...

I agree, Buck. Paul has many positions that I like but his greatest attribute right now is that he does appear to be trustworthy or at least earnest. That alone would be enough for me right now. I would consider myself to be average intelligence and the political game has gotten so effed up that I can not keep up with all the bullchit. I think that has to say something about the overall state of the republic..... when the average person can no longer discern Chit from Shinola when it comes their government something is imminent.

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The Bigfoot
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Gentlemen,

I hate to rain on another mans "hope and change" but apparently you are only seeing what you want to see. The man did spend 12 years in congress. In that time he has one enacted bill to his credit. I am sorry gentlemen but the system already lets him talk and then works around him.

What is worse is that Gingrich has already chosen him as his Vice President. You could see it clearly in the debates last night and you could see that Ron Paul is considering. You think Obama betrayed his supporters, wait til Gingrich lip services to get Paul's voter block and then lets em both rot in a corner once elected.

As to your answers buck: I want to see if I can get this straight. You want congress to create a budget and then 'they' notify 'you' and you go onto some website and decide which items you are going to put a little cash toward and how much you are gonna put in? Put me down for $1 dollar for roads. My wife forgot about it so that's a 0 for her. She says she'll put a few bucks in next year. I'll wait to supply more capital until they prove to me that our infrastructure is really as bad as they say it is. You think we got deficits now? Come on, be serious.

The Debt may be too large to ever fully pay down, in fact, there may be some merit for not fully paying it down. I have seen some arguments that suggest that. However, when we have had huge deficits before (after WWI and after WWII, see the trend? War equals deficits.) We have been able to work off those deficits using our current system of government.

And rounder, it isn't that the average person cannot discern Chit from Shinola...they don't want to. It's easier to parrot and feel self-righteous then to bother making sure you know what you are talking about.

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glassman
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quote:
Originally posted by The Bigfoot:
Gentlemen,

I hate to rain on another mans "hope and change" but apparently you are only seeing what you want to see. The man did spend 12 years in congress. In that time he has one enacted bill to his credit. I am sorry gentlemen but the system already lets him talk and then works around him.

What is worse is that Gingrich has already chosen him as his Vice President. You could see it clearly in the debates last night and you could see that Ron Paul is considering. You think Obama betrayed his supporters, wait til Gingrich lip services to get Paul's voter block and then lets em both rot in a corner once elected.

As to your answers buck: I want to see if I can get this straight. You want congress to create a budget and then 'they' notify 'you' and you go onto some website and decide which items you are going to put a little cash toward and how much you are gonna put in? Put me down for $1 dollar for roads. My wife forgot about it so that's a 0 for her. She says she'll put a few bucks in next year. I'll wait to supply more capital until they prove to me that our infrastructure is really as bad as they say it is. You think we got deficits now? Come on, be serious.

The Debt may be too large to ever fully pay down, in fact, there may be some merit for not fully paying it down. I have seen some arguments that suggest that. However, when we have had huge deficits before (after WWI and after WWII, see the trend? War equals deficits.) We have been able to work off those deficits using our current system of government.

And rounder, it isn't that the average person cannot discern Chit from Shinola...they don't want to. It's easier to parrot and feel self-righteous then to bother making sure you know what you are talking about.

wow, BF, in general i expect better posts from you.

first off, paul as president cannot be shunted off. Voting for him is protest vote.

Second, Newt is trying to steal Pauls supporters but Newt is one of the main players in the problem.

Newt is a panderer, always has been. I don't thnk Paul wil be willing to lend him any credibilty and if he did? I won't vote for Newt cuz he's on the ticket. I don't think any of Pauls other supporters would eeither.


Hope and change? are you actually making fun of it? Change is coming whether we like it or not; Our economy died. Dead, finit.

Lastly, as to our Debt. it would be OK, if and only if we had not given China free access to our markets and then not required the same of them. Even Wall st cannot win China over to them. The Chinese do not have debt, they have surplus. The best reason to bail out GM was to keep them from becoming Chinese General Motors.

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The Bigfoot
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Time will tell Glass and I am sorry if you think me overly cynical on this issue.

In the best case scenario I see Paul trading his voter base for second slot on the ticket. I don't see him living up to the pedestal created for him by his supporters. He will take second slot in exchange for promises regarding monetary policy changes and tell his people it is better to be part of the process even if he isn't in full control then to allow Obama to continue his agenda.

And a vote for Paul is a vote in "hope" of "change". I think it is fair to point out that what 15-20% of the conservative voter base is reaching for is the exact same message that they have ridiculed for the past three years.

As to the debt, you know I don't disagree with paying off the debt. I do disagree that we must have a full economic and political shift in order to do it. It can be done without moving to the gold standard (which would greatly disturb our economy) and without forcing a move from a two party system when a third party is not yet ready to galvanize into a significant form. There are plenty of third party options out there on both sides of the aisle. There is a reason why they have no limelight, and that decision rests in the hands of the public.

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CashCowMoo
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Romney gives a lot more money to charity than Biden and Obama combined so make sense of that.

Romney gave an estimated 4 million to charity in 2011. What a big bad guy.

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glassman
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He's a Mormon cash, i'm not Mormon, but i was one of the hundred thousand or so people allowed in the Bethesda Mormon Temple in the early 70's after it was built and before it was sanctified. The way they explained it to me; As a Mormon in Good Standing, you are expected to give 10 percent minimum to your Church, i do not call that Charitable Donation. If you had seen the inside of that Church you would have a cow.... They then proceeded to tear out all the carpets and repaint the whole thing after they let us infidels view it [Wink]

I won't hold being a Mormon against him, but i won't give him "credit" for tithing his Church either

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glassman
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I see Paul trading his voter base for second slot on the ticket.

i would be surprised, but i can tell you that alot of the people that follow him would be angry. Newt is the last person i would vote for. He left Congress in disgrace, and the cannibals he refered to when he resigned were his own party, not the Dems.

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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actaully there is one way Newt could get my vote. but we don't allow porn here at allstocks [Big Grin]

seriously? if Newt came out and said he would get rid of:
the FDA, The DEA, The DOE and DOHS i might consdier voting for him. The problem i have with him saying he would do it is that i wouldn't beleive him anyway...

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Don't envy the happiness of those who live in a fool's paradise.

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buckstalker
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quote:
Originally posted by glassman:
I see Paul trading his voter base for second slot on the ticket.

i would be surprised, but i can tell you that alot of the people that follow him would be angry. Newt is the last person i would vote for. He left Congress in disgrace, and the cannibals he refered to when he resigned were his own party, not the Dems.

Paul would lose my vote if he "coddled" up to good ole Newt and I personally don't believe he will...

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It's all in the timing...

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buckstalker
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quote:
Originally posted by The Bigfoot:
Time will tell Glass and I am sorry if you think me overly cynical on this issue.

In the best case scenario I see Paul trading his voter base for second slot on the ticket. I don't see him living up to the pedestal created for him by his supporters. He will take second slot in exchange for promises regarding monetary policy changes and tell his people it is better to be part of the process even if he isn't in full control then to allow Obama to continue his agenda.

And a vote for Paul is a vote in "hope" of "change". I think it is fair to point out that what 15-20% of the conservative voter base is reaching for is the exact same message that they have ridiculed for the past three years.

As to the debt, you know I don't disagree with paying off the debt. I do disagree that we must have a full economic and political shift in order to do it. It can be done without moving to the gold standard (which would greatly disturb our economy) and without forcing a move from a two party system when a third party is not yet ready to galvanize into a significant form. There are plenty of third party options out there on both sides of the aisle. There is a reason why they have no limelight, and that decision rests in the hands of the public.

And a vote for Obama was and will be again a vote in "hope" of "change"...I believe Paul, I don't believe Obama

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It's all in the timing...

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glassman
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Don't envy the happiness of those who live in a fool's paradise.

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buckstalker
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Pretty much sums it up Glass...

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It's all in the timing...

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The Bigfoot
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I will back off of candidates themselves for now. As to the departments you would like to close...

I can see getting rid of the FDA as long as there is some sort of peer review or something that removes unnecessarily harmful medical drugs.

I am all for removal of the DEA though my cop friends will not thank me for making their jobs more difficult.

DOE...really? I know they don't have a good track record on loans but you want to close the entire program? That surprises me some. Not a lot, but some. Care to give specific reasons why you want to close the department of energy? Or are you referring to the department of education?

Again I have friends that would be very upset to hear me say this but I would agree that homeland security projects could be scaled back and the department folded into...NSA? I think that would make the most sense.

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No longer eligible for government service due to lack of tax issues.

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glassman
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Dept of energy has never done a damn thing to help get us off oil.

Solyndra had nothing to do with why we should get rid of them. We wasted much more money on corn ethanol than we have on solar cells and solyndra.

Do you know that DOE is into Genomics? Oh yeah, they sequence anything that might present an alternative energy source, even bugs....

It's not that i want to get rid of that research either, it's just that DOE is really a back-door slush fund for cronies. Put that money intot eh national science foundation or DARPA if you want good research.

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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DOHS is the single largest Govt spending project ever. It IS BIG BROTHER.

The FBI, Immigration, and NSA were fine. They simply needed to be shaken up, not replaced.


go look, they are a totally redundant agency, there is not one job they were assigned that someone else wasn't already doing.


http://www.dhs.gov/xabout/budget/

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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FDA and DEA? there is no place in the constitution where the US govt derives a right to tell me what i can and cannot eat. period.

they can make sure that products are labeled properly. thats how our drug laws started. But they do not have the right to ban any drug or food or drink.

The FDA has been going back and canceling generic drugs that wer grandathered in at the behest of drug makers who come up with new more expensive drugs to replace them. The FDA is in big pharma's pocket. Have you noticed how many drug co's are losing major lawsuits in the last decade? They are MAKING POISON to replace generic drugs that are cheap and work.
Take away their regulatory abiltiy- make them into an R&D branch under Bureau of Standards so that no-one can lie about what is in their products they are selling. Thats what teh FDA was originally designed to be.

To qualify for the FDA? All they have to prove is that the drug works better than a placebo, not that it is safe.

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Don't envy the happiness of those who live in a fool's paradise.

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IWISHIHAD
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I know right now with elections coming this tax issue is big.

There are more important things in this economy to tackle immediately.

We have discussed many of these over the years.

One of the major ones is jobs.

How do we get our people back to work especially since we are suffering from a 25-30% jobless rate.

Another issue that has not been discussed much is how we get people back into houses that banks sit on and play games with.

It's not like a qualified person can go in and buy these homes that start at a certain price.

The banks are playing games with these houses and several people i know have givin up wasting there time trying to purchase one from a bank.

There seems to be a lot of insiders getting these properties and a ton more properties just sit while many people struggle to stay housed.

These issues to me are the most important although other ones are intertied some.


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glassman
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i want to repeat that i don't disrespect Mitt Romney himself or even as a candidate for paying lower tax rates than i do. what has me angry is lawmakers have screwed up our system so bad and then they blame each other. Well both sides of blame game are correct.

here's a perfect example. This article is from a local MS business journal:

Wednesday, January 25, 2012

--------------------------------------------------------------------------------

Cutting Subsidies
Federal spending cuts should cut the bad while leaving the good

By Becky Gillette
Photography by Jay Adkins


"Simply cutting the good with the bad will leave the Delta and its people even further behind," Delta Regional Authority Federal Co-Chairman Chris Masingill says.
Congress is contemplating deep cuts in federal programs such as Medicare, agriculture subsidies, programs for flood control, and Pell Grants for college. If adopted, those cuts could have a particularly devastating impact in the Mississippi Delta—traditionally one of the most impoverished areas of the country.

Delta Regional Authority Federal Co-Chairman Chris Masingill says while government should be more efficient and responsible, it is still important to invest in public infrastructure and workforce development.

"Simply cutting the good with the bad will leave the Delta and its people even further behind," Masingill says. "We cannot let that happen. We must continue to work to drive smart public and private investment into our communities, helping grow our economy and create good-paying jobs."


Mississippi receives a net benefit from federal spending, with the state receiving two to three times as much in federal funding as it pays in.

"The IRS collects $3,721 per capita in Mississippi in individual and corporate income tax, which makes the state number 49th among states in the amount collected," says Dr. Marianne Hill, senior economist for the Institutions of Higher Learning. "Federal expenditures are $10,481 per capita, making the state rank number seventh in the amount of federal spending received."


if you look around the US? you will find that RED states over and over are very similar to MS. Yes we are one of the worst, but when you get into Blue states? you get a reversal. The creepiest part of it is that living here? I don't see much good being done. I just drove 250 miles across the state and saw poverty for most of the drive. That's because the state is now mostly owned by Syngenta, Bayer Crops, Monsanto, you get the picture? They'll own more as these subsides are cut too, even tho commodity prices are skyrocketing.

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Don't envy the happiness of those who live in a fool's paradise.

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buckstalker
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quote:
Originally posted by IWISHIHAD:
I know right now with elections coming this tax issue is big.

There are more important things in this economy to tackle immediately.

We have discussed many of these over the years.

One of the major ones is jobs.

How do we get our people back to work especially since we are suffering from a 25-30% jobless rate.

Another issue that has not been discussed much is how we get people back into houses that banks sit on and play games with.

It's not like a qualified person can go in and buy these homes that start at a certain price.

The banks are playing games with these houses and several people i know have givin up wasting there time trying to purchase one from a bank.

There seems to be a lot of insiders getting these properties and a ton more properties just sit while many people struggle to stay housed.

These issues to me are the most important although other ones are intertied some.


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We get manufacturing jobs back by hitting Chinese imports with 100% tariffs until they stop manipulating their currency...

As far as the housing issue goes...I've said it right from the get go that the "housing bubble" was by design, and was nothing more than a planned "land grab" for the rich...

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It's all in the timing...

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glassman
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nothing more than a planned "land grab" for the rich..

it was so obvious what was goingon, we debated it right here as they were doing it. Housing prices were averaging 235,000 and average household income was only 40-45 thousand.

$48 thousand dollars a year means you have 4000 per month before taxes and FICA are withdrawn. That menas that you SHOULD qualify fora monthly payment of 1200. At 6% interest (lower than it actually was) is 700$ per 100,000 plus mortgage insurance plus homeowners insurance....

so basically with 1200 dollars/month the average person could not qualify for the average home. not even close..... 200,000 would have been a 2000/ month payment and the mortgage brokers were qualifying people that were committing 50 and 60% of their gross montly income to housing payment. That should have been illegal. In fact, i beleive it may have been, but not in every state...

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Don't envy the happiness of those who live in a fool's paradise.

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IMAKEMONEY
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GLASS WHATS YOUR TAKE ON MMJ?

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LIFE IS 10% HOW YOU MAKE IT AND 90% HOW YOU TAKE IT!

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glassman
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i assume you mean medical marijuana? it should be legal for doctors to prescribe it if they wants to. That's between you and your doctor right?

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Don't envy the happiness of those who live in a fool's paradise.

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glassman
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Don't envy the happiness of those who live in a fool's paradise.

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