Paying Taxes is Patriotic

[Mango]

You have me confused with someone else. I did not raise unemployment figures; I presented employment growth data as depicted on the BLS.gov website and more particularly, job growth during Reagan's eight years.

So, his unemployment figures could have been higher? Do not see the difference.

Come on, y'all can certainly do better than continuously promoting trickle down economics incessantly. I am not against tax cuts when needed, but the constant rehash of history is frankly, boring. We are supposed to be discussing the stimulus package, but instead, it's the same old, much like DeMint's infomercial like self promotion of his plan on the senate web site that has n factual basis.

 

[traderx]

So, his unemployment figures could have been higher? Do not see the difference.

Come on, y'all can certainly do better than continuously promoting trickle down economics incessantly. I am not against tax cuts when needed, but the constant rehash of history is frankly, boring. We are supposed to be discussing the stimulus package, but instead, it's the same old, much like DeMint's infomercial like self promotion of his plan on the senate web site that has n factual basis.

Actually, this thread is about Tommy and his taxes. You are the one who took it off course by criticizing DeMint's proposal and even inserting Reagan into the discussion. If you don't want to be bored, don't change the subject.

And to discuss the subject at hand, Obama promised us "change we can believe in". What we are getting are the same old lobbyists and tax evaders. It is truly disappointing.

 

[30ashopper]

The plan would shower the nation’s school districts, child care centers and university campuses with $150 billion in new federal spending, a vast two-year investment that would more than double the Department of Education’s current budget. The proposed emergency expenditures on nearly every realm of education, including school renovation, special education, Head Start and grants to needy college students, would amount to the largest increase in federal aid since Washington began to spend significantly on education after World War II.

That money has to come from somewhere, often, out of the pocket of another amercian in another business who lends money to the government. Taking a dollar out, circulating it around Washington, then spitting out what's left to schools, often ends up destroying some percentage of the value of the original dollar. The owner of that dollar, had he not lent it to the government, might have spent it on something else, at full value.

In our current case, an unknown percentage of the money will be borrowed from foriegn investors. How much, nobody knows for sure. The long term implications are the interest we'll have to pay back on the debt, and the control those entities can exert over our county's policy thanks to their increased financial leverage.

(What I would like to know is how will this spur job creation and how much? other than hiring more teachers and rebuilding crumbling schools? How much of these funds go to needy college students? I was once a needy college student myself, but managed to get scholarships and student loan money which I just paid off several years ago.)

http://www.nytimes.com/2009/01/28/education/28educ.html

A question to ask is once schools have become accustomed to 150 billion in added federal spending, how will they adjust back to current levels? If they don't, how will the federal government pay for the budget increases it will incur? I have no problems with the feds sending money to states to compensate for the short term shortfall in education funding, but I'm concerned about new dependencies that might get created.

So yes, I have grave concerns about the Plan, as we all should, regardless of party affiliation because all these lunkheads we elected can't reach some kind of middle ground between deficit spending, tax breaks and lazy unfair (laissare fare) economics. Maybe we do need to spend more money on education so we can produce some future wonks who will take care of us in our old age.

We don't need their intelligence, we need their wallets. Our children have become our HELOC and our ATM machine combined.

 

[traderx]

A question to ask is once schools have become acustomed to 150 billion in added federal spending, how will they adjust back to current levels?

They will beg parents to donate pencils.

 

[Bobskunk]

as someone who's partied with the IRS on a semi regular basis, I believe the system is so heavy and convoluted, it feeds on itself to make more 'things' in the code. The penalties and interest rates are akin to a loanshark's, it's hard for mr. joe the plumber-blow to wrestle himself out from under. The IRS machine never sleeps. And there's no way daischle could claim he didn't know he owed. wrong guy for the job.

The IRS needs to be closed and rebuilt from scratch. that would create a tax holiday and infuse cash into the economy.

I am self employed, so I have a box of receipts for business related expenses. I was going through them last night, realizing that it would take me a couple of months to complete my taxes. I also get a little income from several sources, so tracking down every 1099 is another big pain for me. It is ridiculous that I (and I am sure this applies to you as well) have to spend so much of what could be productive time on taxes. Even being honest, one has to deal with the fear of making an honest, non Daschle type of mistake. At least now, the new cabinet has supplied me with my defense.

 

[traderx]

The beat goes on....

This is really getting comical. It appears that Dems like to raise taxes but not pay them.

WASHINGTON ? Nancy Killefer, who failed for a year and a half to pay employment taxes on household help, withdrew her candidacy to be the first chief performance officer for the federal government on Tuesday.
Killefer was the second major Obama administration nominee to withdraw and the third to have tax problems complicate nominations after President Barack Obama announced he had chosen them.

Obama performance chief Killefer out, citing taxes - Yahoo! News

 

[scooterbug44]

Killefer owed less than $1,000 in taxes and they put a lien on her property and she withdrew her name from the process.

Daschle and Geithner owe tens of thousands of dollars and will get confirmed (or already have been.) WTF?

 

[traderx]

Your point is well-taken.

Killefer has impressive credentials and I am disappointed that she withdrew. I am curious why Obama did not lend his support behind her?

 

[Winnie]

BREAKING NEWS: Daschle withdraws his nomination for health and human services secretary

From MSNBC

 

[BeachSiO2]

Dascle has now withdrawn also.