Comments on: Schumer: Dems will bring vote on Buffett Rule
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- "Then have a balanced budget amemdment - can't pay out more than you take in -- PERIOD"
Please try educating yourself.......especially about real economics!
You're talking about reducing federal revenue even further than the 14% of GDP currently -- the post-WWII average is 18.5% of GDP -- and then having enough money to afford more than one Navy rowboat, one little Air Force Cessna, and a couple of M1 carbines for the Marines.
We must fix our severe revenue problem while we cut our spending!
We must do both at the same time, or we will NEVER balance the budget! - Reply to this comment
- "On Tax Day this year, Senate Democrats will put forward legislation that would aim to turn the so-called 'Buffett Rule' - requiring higher taxes on the wealthiest Americans - into law.
If republicans were truly fiscally responsible and were really serious about fixing our debt crisis and reducing these federal budget deficits, they would run lobbyist grover nitwitt out of Washington, and stand completely behind the "Buffett Rule.'
We can no more balance the budget with just spending cuts as the completely delusional 'lyin' ryan' would have us believe, than we could afford to have a moon colony like the newt suggested.
We must end the ridiculous bush tax cuts once and for all, end all corporate welfare, cut defense spending at least in half, and fix our spiraling health care cost debacle, since 50% of health care today is government-run before the PPACA takes effect in 2014. - Reply to this comment
- I would rather see the Senate and House vote on another idea of Buffet's:
MSN:
Warren Buffett, in a recent interview with CNBC, offers one of the best quotes I've heard in all this drama about the debt ceiling:
"I could end the deficit in 5 minutes," he told Becky Quick. "You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election." - Reply to this comment
- This new tax will bring in a little over 40 billion in 10 years and Obama lost 3 to 4 billion on his green energy failures like Solindyra and number of other companies this last year. When are these politicans going to get serious about our deficit which is growing by over a trillion every year.
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- pure politics no less no more since he knows it will fail and he believes that the republican opposition will hurt them
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- Gregorio57 wrote: Most of you are ignorant socialists who are going bring us all down.
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At least the knowledgeable socalists are trying to save our national economy, along with the knowledgeable capitalists. Capitalistic socialism?
By the way, most people who post on this site seem to believe entitlement programs and welfare are evidence of socialism. Nothing could be further from the truth. Capitalism and socialism are economic systems not social systems. The ignorant socialist and ignorant capitalist keep confusing economic and social systems. Public ownership of the means of production is an economic system. Welfare is a social system. Just because the public may own the means of production does not mean the public is required to provide welfare. - Reply to this comment
- Most of you are ignorant socialists who are going bring us all down. If you want money, work for it or starve. Hunger is a pretty potent motivator.
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- Folks we have to all be careful on getting on the wagon concerning these bills. Obamacare was passed for the masses, Congress exempted themselves from falling under the thumb of Obama care, those that voted for Obamacare treated themselves like the royalty that existed in the world many years ago and Dick Durbin is a member of this crowd of liars and sneaks. It's getting close to house cleaning time and this whole crowd needs the house burned to the ground.
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- If you are up on the news, you read the we are sending Egypt 1.5 billion in foreign aid. We have also given foreign aid to Pakistan, Afghanistan, Libya, Israel and many nations in the Middle East and Africa as well. America has a standing 50 billion in foreign aid each year that is handed out and other foreign aid given since Obama took office is over 54 billion xtra dollars each of his first three years. That is direct foreign aid, and does not include indirect foreign aid such as the United Nations, the IMF, the World Bank etc Increasing taxes of one group is a gimmick, the final bill will be a tax increase all wage earners will suffer from. We need to start looking out for ourselves, cut the foreign aid and stop sending our jobs and corporations overseas which they do because of the tax structure that currently exist here in the U.S.
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- Careful here all involved. When the income tax amendment was passed allowing the Feds to tax wages the proponents of the amendment promised only to tax the wealthy. That promise was not kept, the politicians kept adding to the who was wealthy list. The same will likely happen again where all of us will wind up paying the 30% the wealthy will pay except those in Congress who also mandated they would be the only group included in Obamacare. Note both parties have managed to florish and enrich themselves while at the same time keeping us divided along party lines. Lastly look at the originator of the tax the wealthy bill, Warren Buffet who never made a move in his life that would not make him more billions regardless of who became unemployed and regardless of how many companies he destroyed to build his own empire. Buffet is currently sueing the IRS over 550 million dollars in taxes the IRS is demanding his company pay. Dick Schumer already knows the bill will not pass the house, your responses are exactly what he is expecting and his bill is nothing but a political foil.
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