tax cuts don't work unless they are permanent.

Anonymous wrote:oscar bravo alpha mike alpha
2012
"november india charlie echo
n'
sierra tango india november kilo yankee "

Hey loOl, the guy with the political hygiene fetish is back. They should study him. Some psychologist could get published for this.

Hey hygiene guy, computer keyboards are covered in bacteria. Better scrub your hands!

oscar bravo alpha mike alpha
2012
"november india charlie echo
n'
sierra tango india november kilo yankee "

Anonymous wrote:Graph above generated with data extracted from the SOOMA** database

**SOOMA = Straight Out Of My Ass

That's rather unfair. This was taken straight from the AEI's ass. Of course, their entire agenda is about getting far-right politicians elected by any means necessary, so I guess this is a distinction without a difference.

Anonymous wrote:Can you honestly not see the long term problem associated with continuing to freeze the payroll taxes? It is simply pushing the problem down the road.

Correct me if I am wrong, but the current Reid/Obama proposal to 'extend' the payroll tax 'holiday' is the reduce the tax another 1.1% from 4.2% to 3.1%. And we continue to call this 'extending'? How about a 50% increase on the payroll tax holiday? (a little more - originally 6.2%, reduced for one year to 4.2%, and then this proposal to 'extend' (which verbally sounds just like that, continue more of the same) at 3.1%). Who is kidding whom here?

Anonymous wrote:The economy sucks. everybody knows it. obama wants to end the bush tax cuts...he doesn't belive tax cuts help the economy... lol.


oscar/bravo/alpha/mike/alpha sierra/mike/echo/lima/lima/sierra
hotel/oscar/romeo/romeo/india/bravo/lima/echo.

delta/oscar/uniform/charlie/hotel/echo/bravo/alpha/golf

For those of you who blame Obama --

how much time do you think it will take Newt or Mitt to bring unemployment to 5%?

A week? Two?

Anonymous wrote:The economy sucks. everybody knows it. obama wants to end the bush tax cuts...he doesn't belive tax cuts help the economy... lol.


oscar/bravo/alpha/mike/alpha sierra/mike/echo/lima/lima/sierra
hotel/oscar/romeo/romeo/india/bravo/lima/echo.

Is this how you talk to yourself in your cubicle when you fantasize about being a pilot?

The continued focus on Bush underscores how week Obama's presidency has been. At this point your comments are just pitiful.

The economy sucks. everybody knows it. obama wants to end the bush tax cuts...he doesn't belive tax cuts help the economy... lol.


oscar/bravo/alpha/mike/alpha sierra/mike/echo/lima/lima/sierra
hotel/oscar/romeo/romeo/india/bravo/lima/echo.

Anonymous wrote:

Anonymous wrote:

This was obama s chart, yes I agree obama pulls info and ideas out of his ass,

All it means is that the recession was worse than anyone predicted. That's the economists' jobs.

If you want to keep beating this chart into the ground, we'll have to go back and chart deficits and unemployment under Bush. There is NOTHING in those charts that suggests economic success.

Anonymous wrote:

This was obama s chart, yes I agree obama pulls info and ideas out of his ass,

Anonymous wrote:Can you honestly not see the long term problem associated with continuing to freeze the payroll taxes? It is simply pushing the problem down the road.

We have two problems right now. One is budget deficits. The other is a slow economy. Yes, everyone is aware that government spending of any kind - whether in the form of a tax cut, government funding of projects, payouts of unemployment, etc. - increases deficits. But that's what governments do in down economies. There are only two tools in the shed - spending and monetary policy (ie interest rates), and the Fed is already cranked up to 11.

We have had ten years of pushing the tax problem down the road. That can got kicked when we cut taxes under Bush. Why did we do it? Have we all forgotten? They were intended to stimulate a flagging economy. So both parties buy into the idea of tax cuts as stimulus.

So why are the Republicans against it? This is the effect that Moody's says it will have on the economy: "“...would add 2 percentage points to GDP growth next year, add 1.9 million jobs, and cut the unemployment rate by a percentage point.”

So basically Republicans look at 1.9 million new jobs and an unemployment rate of 7.5% and they realize this is Obama's re-election. The average person might feel that those numbers are a good thing.

Anonymous wrote:Social security is in such great shape that we should to continue to reduce funding via payroll taxes? It is just robbing Peter to pay Paul and it has to stop if social security is to continue.

Well that's funny because the Republicans who would use this argument are also the ones who would characterize Social Security as an unsustainable Ponzi scheme anyway if the issue of payroll tax cuts weren't on the table. So which is it, folks?

Even if Social Security is in precarious shape, the fact remains that the economy is in a more precarious shape right now, and the best way to ensure that some semblance of Social Security is left in the long run is to stimulate the economy in the short run. Mark Zandi (conservative economist and former adviser to John McCain) has written extensively about this, arguing that payroll tax cuts for employees have a multiplier (how much you get back for $1 spent) of about 1.2 or 1.3 Extending unemployment benefits gets you on the order of 1.5 if I recall correctly.

Extending the Bush tax cuts: 0.3...

Can you honestly not see the long term problem associated with continuing to freeze the payroll taxes? It is simply pushing the problem down the road.