A community of 30,000 US Transcriptionist serving Medical Transcription Industry

98% of small businesses will not be subject to

Posted: Dec 2, 2010

See article. ;

Rebuttal.... - sam

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see article

rebuttal - ...

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both sides this time.... see article

This is the reason they can't come to an agreement.

There are no solid facts.

Try a common sense approach.... - sam

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We are not going to dig out of a deficit hole until we STOP the runaway spending. We cannot fix this problem by raising taxes, on ANYONE, if we keep spending at current levels. FACT: If we keep spending at current levels, we will hit the current debt ceiling of 14.3 trillion dollars by, they are estimating, April. That is 14.3 TRILLION dollars in debt, and China holds a good portion of that debt. That is NOT a good thing for America.

2. Tax hikes are NOT good in a down economy. Period. They DO affect the jobmakers. We are NOT creating jobs because the jobmakers have no freaking idea what is coming out of Washington next, and who can blame them. Common sense needs to rule here. Like it or not, the rich as defined by Democrats are the bulk of job makers in this country. We are the so-called middle class. How many people who sell on Ebay (who are included in the IRS small business figures) as a sideline are employers? Most people who profit $200,000 as an individual or $250,000 as a couple and you will note, they only added 50K for a couple, have employees of some kind or another, and most small businesses who DO have employees fall into that bracket. One of the articles was quick to point out that was their taxable income (after all deductions, etc.). Okay...so now they are saying that is too much profit so let's redistribute it? I thought the point of having your own business was to maximize profit? Frankly, I hope the business who employs me DOES maximize their profit because that insures I keep my job. If I don't like what they feel they can afford to pay me and make what they need to make, then I need to find another job.

3. The rich don't spend as big a percentage of their income as the lower classes so saving them money does not help the economy. That is a nutty statement from one of those articles. If a rich person spends 10% of their income, that amounts to more money into the economy than probably 20 or 30 in the lower brackets. A smaller percentage of their income is still going to be 2 or 3 or 4 times more than your average Joe, or MORE, because they make that much more. To say they don't spend is ridiculous. What they spend is evident in their lifestyles. "Rich" people DO spend money, that is why many in the lower classes envy them so much...big houses, big cars, all the bells and whistles. They are also big contributors to charitable causes. They are, in fact, a huge portion of the US economy and why some feel the need to punish them for that is beyond me.

Bottom line...we are TRILLIONS in the hole. To get OUT of the hole, we need to stop ADDING to those trillions. To do that, you ROLL BACK spending. It is not rocket science. I don't need politicians to throw that doublespeak at me. I understand basic economics. It does not make ANY sense to spend more than you bring in even if you are starting EVEN. And we are not EVEN. We are trillions in the HOLE.

So why not at least give what the Republicans say will work (which makes sense to me) a try? Roll back spending to 2008 levels. Things were better in 2008 than they are right now by a long shot. Do NOT raise taxes on ANYONE for at least 2 years. Just try it.

Repealing Obamacare would help as well, although I think the Republicans have about given up on that one. If they win the senate in 2012 though, look out. They might do it then.

Common sense is based on a simple - perception.

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key word "simple." This issue isn't simple and never has been.

Time to give simplicity a try...complicated is NOT working... - sam

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you know...trillions in debt, Democrats don't want to stop adding to it, they just want Americans to pay more. That is a simple but true statement. Republicans say roll back spending to 2008 levels and don't tax ANYBODY for 2 years.

And what is the reason you are unwilling to try that? Because it is too complicated?

Why do the same old stuff that wasn\'t working? - nm

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Doing the same thing over and over and expecting a different - result

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is insanity.

Exactly! So when are the Dems planning to stop doing it?? - sam

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spend spend, raise taxes on the rich, spend spend, deficit at 13 trillion, keep spending, raise taxes on the rich, keep spending....yep, its insane, but they keep doing it.

Exactly, why go back and do something that doesn't work - rather

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than give something else a proper chance? Regressive isn't the way to go.

Where is the something else? There is nothing new. - sam

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Democrats: spend, add to the deficit, increase taxes on the rich; spend, add to the deficit, increase taxes on the rich; spend, add to the deficit, increase taxes on the rich...is there something new in there I am not seeing?

It's "how" you see - it.

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No further explanation necessary.

ROFL. Could not have said it better myself. LOL. - sam

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It would help if there was something there to see though. Really. lol.

No problem - here

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If one can't see it, then to them, it's not there. Fully understandable.

Again, could not have said it better myself! lol - sam

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You can have the last word. I'm done beating this dead horse. Go ahead and flog it some more if you like. lol.

Thanks for your permission for me to have - the last word.

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Mighty big of you.

Getting confused again? Bush Tax Cuts--2001 - 9 years of failed Republican policy nm

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Not confused at all. Tax, spend, tax more, spend more... - sam

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DECADES of failed Democratic policy. Your party had control of congress most of the time in the years that followed, and they have really done a bang up job fixing it haven't they? Have they changed how they operate one bit?

Uh...NO. Tax, spend; spend more, tax more; inherit a deficit, double it in the first year; tax the rich again, but don't cut any spending;

Sound familiar? Don't you get it? Nobody believes this stuff anymore. Some Democrats don't even believe it anymore.

LOL...earth to the DNC, do you copy???

A few points to your theory - Backwards Typist

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1. Bush argued for tax cuts stating that was the taxpayer's money and we should have it back. In 2003, there WAS improvement in the economy, but job growth was still slow. Under Bush, the real GDP grew at an average annual rate of 2.5%, considerably below the average for business cycles from 1949 to 2000. Bush entered office with the Dow Jones Industrial Average at 10,587, and the average peaked in October 2007 at over 14,000. When Bush left office, the average was at 7,949, one of the lowest levels of his presidency. Unemployment originally rose from 4.2% in January 2001 to 6.3% in June 2003, but subsequently dropped to 4.5% as of July 2007. By the end of Bush's presidency, unemployment climbed to 7.2%.

Guess who controlled Congress from 2006 until now.

http://data.bls.gov/PDQ/servlet/SurveyOutputServlet

In other words, the Bush tax cut policy did NOT fail. Look at the numbers.

2. As for the stock market, we all know what happened there. Dirty dealing, hedge funds, mortgages for those who couldn't afford them, etc. Who's to blame? Certainly not Bush. He pushed for regulation of Fannie Mae and Freddie Mac. Who said it wasn't needed? Hm-m-m. Everybody's friend Barney Frank aka Barney Fife (to me). Who had control of the Senate?

The vote was 331 Yea, 90 Nay with 12 not voting in the House. On May 24, 2007, it was received in the Senate, read twice and referred to the Committee on Banking, Housing, and Urban Affairs. From there, it died.

Stop blaming Bush. I blame the usual, Congress, because they rule the roost, not the President.

A few points to your points - sm

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Republicans had TOTAL CONTROL of congress and executive branch through 2006. Then Democrats never had a filibuster-proof majority and also a Bush veto.

Barney Frank is ONE representative in the House. Since 'pubs had complete control, why didn't they do anything?

Stop blaming Democrats.

Sorry....was his fault. He was the chair of the committee.... - sam

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oh...well he had a little help from Chris Dodd. Please read the article. There was even more involved than I realized. I didn't know about the conflict of interest with his former lover.

Another double - standard

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Maybe we should come up with a new game show and call it..."Whose Fault is it Anyway?"

Yes, let's. He would win, hands down. :) - sam

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because it was his fault, and no amount of rationalization will ever change that. You have the congressional record and You Tube video of he himself doing it. Awww just admit it. He was arrogant, he did not listen when warned, and he got us into this mess.

dems... - repubs...

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...many of each are flip sides of the same coin; many committed perjury when they swore to uphold the constitution

bah.

they want their $170K-plus salaries, and think our money is theirs.

myths about tax cuts - ...

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Another interesting article.

A very good article - factual and balanced.

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Okay...you like factual and balanced. I would like your opinion. - sam

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Do you think it is a good idea to keep spending at current rates when we have a 13-trillion dollar plus debt that China holds part of?

If we can reduce the debt and put people back to work by not raising taxes on anyone for 2 years and rolling back spending to 2008 levels, why are you against that? Why are you against even trying that?

I don't recall you proposing specific budget cuts - and the impact on the deficit.

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I would be happy to read it provided you check your math (and perhaps have an expert economist check it, too.)

I knew you couldn't answer the question. Neither can your party. - sam

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same song, second verse. Never answer the question, except with another question. The Republicans want to roll back spending to 2008 levels. That is not hard to understand. I am in agreement with that. They don't want to raise taxes on ANYBODY for 2 years. I understand that and I am in agreement with that.

I don't recall you, or the Democrats for that matter, saying what THEY plan to do to impact the deficit other than tax the rich.

Why can't you answer a simple question? You can't agree with it, because that makes you a DINO cave-in. You can't not agree with it, because you KNOW how stupid it would sound.

So you just avoid it. At some point Democrats are going to have to stop avoiding it and just admit, to balance ANY budget you have to STOP spending and stop stealing from the rich so you can keep spending.

You guys just need to decide which entitlements are the most important and get rid of some. Obama said he was going to...but we all see where that went.

I think we need to stop beating this dead horse. If Republicans all of a sudden said okay, tax the rich, that's a good idea, the Dems would make an about face and say no, that's not a good idea, rather than appear to agree with anything a Republican said.

That is why I hate political parties and do not follow either in rote lockstep. Like I said in the RNC post...their financial problems were brought on by not listening to their membership and dues and donations fell off.

Wish the moderate and conservative Democrats would give the DNC a taste of that. Money talks.

Cutting unemployment and children's nutrition programs - way to go on the spending-nm

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Reducing spending back to 2008 levels is not going to... - sam

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cut children's nutrition programs unless you are saying they all started after 2008. As to unemployment, how much longer do you want to extend it while you tax the people who make the jobs out the kazoo, thereby effectively slowing the recovery, adding to the deficit and on and on and on....

What Democrats need to understand is most people do not react to those OMG the Republicans want to eat our children tactics anymore. They listen, they go check it out, they find out the Republicans really don't want to eat their children.

This tactic is not going to work anymore. People are asking the hard questions now, and they want answers, not politicians blaming each other.

So when you say 2008 levels you don't include - Bush's $356 billion for TARP? nm

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just checking.

Oh,TARP, I am glad you brought that up... - sam

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TARP...trying to clean up Barney Frank's mess...TARP, that was passed by Congress, not Bush...TARP, that Senator Barack Obama voted FOR.

No actually, 2008 spending PRE the debacle that Frank led us into.

But thanks for asking.

How did TARP get passed without Bush's signature? - nm

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He signed it, yes...but they had to pass it for him to.... - sam

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sign it. I said Bush proposed it, so obviously he was for it. However, he can't sign a bill into law if he doesn't have a bill to sign. The point is...then Senator Barack Obama took time out from the campaign trail to get back to Washington to vote yes on TARP. Then he gets to Washington as President and complains that he inherited a bid debt that he helped create. ROFL. I guess he thought we would forget he voted for it. Guess you thought we would too.

Have nice night!

If a frog had - wings

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It's really not necessary to what if, what if, what if. Bush is perfectly capable of taking responsibility for signing.

It did get to him and he did sign it.

No need to keep explaining if it didn't get there....blah, blah, blah.

That's like being an alcoholic and blaming it on the farmer, then the distillery, then the retailer, and then the bartender. Wouldn't a conservative say this sounds sort of like democratic thinking?

Yes, and Barack Obama voted for it, enabling him to sign it... - sam

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and then blames the huge debt he helped create on Bush. And then DOUBLED the expenditure with stimulus of his own that did not work. None of your rationalizing is going to change that. Nor is the fact that Barney Frank brought it ALL tumbling down.

This one is on your party. Plain, pure and simple, and they have had 2 years to make it better. He promised jobs...we have had record unemployment for going on 2 years now.

How, knowing the truth, do you keep rambling on and on and on about how it is all Bush's fault? Do facts really not enter into for you? Do you think your head will explode if you admit it?

You just can't stay on subject can - you?

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Around and around and up and down and back again.

Please tell me what your 2008 rollback will save - and what would the deficit balance be then?

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Where would the cuts be? The TSA? Homeland Security? Teachers? Defense? Food and import inspectors?

WSJ article--owned by News Corp, owned by Rupert Murddock - part of the Fox news virus

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Well, unless Rupert owns the IRS, the figures are still correct. - sam

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nice try at deflection though. I give it a 0.5 out of 10.

Actually, not trying to deflect - Just a heads up.

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The Fox news virus is very insidious in spinning their web of deception.

Why, when having debate on an issue, do you ALWAYS have - Backwards Typist

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to bring Fox News into it? That's not debating an issue. This is not about Fox. It's about the tax cuts. Fox News is not a representative nor a senator and therefore, has no place in this conversation.

Because I am a worker bee - and I don't waste time on

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on biased references or windy rhetoric.

Okay. But it wasn't necessary to include Fox when - Backwards Typist

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it was not a discussion about Fox. So tell me what you do read.

As a former worker bee (3 jobs for 30 years), I never had time to even comment on here unless it was later in the evening. Now since I'm semi-retired, I have plenty of time to search for truth and fairness in news reporting. Really eye opening.

What is your opinion of Fox? - ...

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x

I can take it or leave it. Same with all the other stations - Backwards Typist

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But, 3 I can't take is RM,KO, and especially Ed Shultz.

I watch Fox at times, MSNBC, ABC, NBC, CNN, CNBC. It depends on the breaking news. My favorite all time station- CSpan, straight 'from the horses' mouth.'

total baloney... Obama could sell you swamp land, - I bet. nm

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nm

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