Deloitte Study: Consumers Love Spending Less

[Winehole23]

Debt-free (as of 3 years ago), credit card free. I plan to stay that way.

[Spurminator]

the economy was fine until 2007, when the demonrats took over.

That's like saying our airplane is fine even though it's out of gas, because we're still in the air.

[Parker2112]

It's a simile. The reservoir of money is draining faster than it can be filled.

WTF are you talking about. Everyone got a tax break, not just the rich, and the economy was fine until 2007, when the demonrats took over.

you want to talk about taxes, Im telling you taxes arent the issue: the think they can siphon the cream off the economy forever are the problem. they are killing the goose. and you mindlessly repeat the propoganda they feed you.

and are you telling me the tax breaks didnt serve the pockets of the wealthy the most?

[Parker2112]

CC and WC are frauds. I talk about free market being the solution, and they dont even touch it.

you guys arent free-marketeers, your self serving ignorant repubs.

[CosmicCowboy]

Debt-free (as of 3 years ago), credit card free. I plan to stay that way.

No credit cards here either. I'm not totally debt free because I'm real estate poor but I'm working on it. Living relatively cheap (for us) and knocking down $2800 of debt a month.

[Parker2112]

No credit cards here either. I'm not totally debt free because I'm real estate poor but I'm working on it. Living relatively cheap (for us) and knocking down $2800 of debt a month.

CC and WC are frauds. I talk about free market being the solution, and they dont even touch it.

you guys arent free-marketeers, your self serving ignorant repubs.

[Spurminator]

I use a CC for points but it gets paid off every month.

[Parker2112]

What is your solution? Taxes and regulations are driving good wage jobs away. We need more tax payers, not tax users. Illegal workers are taking jobs that our people should be working.

seriously. What is your solution. We have run out of tax payers. Start bleeding them more, and those remaining will flee too.

We need new markets to take off. it doesnt have to be green tech, but that would be a win-win. we need a silicon valley part two.

I think the resistance to this by people like yourself is stifling our economy to its knees

CC and WC are frauds. I talk about free market being the solution, and they dont even touch it.

you guys arent free-marketeers, your self serving ignorant repubs.

[CosmicCowboy]

CC and WC are frauds. I talk about free market being the solution, and they dont even touch it.

you guys arent free-marketeers, your self serving ignorant repubs.

I consider myself more of a libertarian/independent than a republican. Certainly not a lib like you though.

[Winehole23]

...the economy was fine until 2007, when the demonrats took over.

The economy had not yet reached his moment of crisis, but the imbalances that caused that 2007 credit crunch had been building up for at least four years, and had very little to do with the 2006 midterms.

(This is more of that correlation=causation stuff you just can't leave alone, WC.)


Weak!

[Wild Cobra]

you want to talk about taxes, Im telling you taxes arent the issue: the think they can siphon the cream off the economy forever are the problem.

then stop with blaming the Bush tax cuts.

they are killing the goose. and you mindlessly repeat the propoganda they feed you.

I see it as real fact. Do you understand the concept of the Laffer curve?

and are you telling me the tax breaks didnt serve the pockets of the wealthy the most?

Oh, i see....

You have Penis Envy.

[DMX7]

It's a simile. The reservoir of money is draining faster than it can be filled.

WTF are you talking about. Everyone got a tax break, not just the rich, and the economy was fine until 2007, when the demonrats took over.

Did the tax cuts for the Super rich that we couldn't afford expire in 2007? No.

[Parker2112]

http://www.cbpp.org/cms/index.cfm?fa=view&id=1811

The Bush tax cuts have contributed to revenues dropping in 2004 to the lowest level as a share of the economy since 1950, and have been a major contributor to the dramatic shift from large projected budget surpluses to projected deficits as far as the eye can see.
The tax cuts have conferred the most benefits, by far, on the highest-income households — those least in need of additional resources — at a time when income already is exceptionally concentrated at the top of the income spectrum.
The design of these tax cuts was ill-conceived, resulting in significantly less economic stimulus than could have been accomplished for the same budgetary cost. In part because the tax cuts were not as effective as alternative measures would have been, job creation during this recovery has been notably worse than in any other recovery since the end of World War II.

so far all of this has rung true: record deficits prove revenue loss, bankers are still raping our economic corpse, and our economy has tanked so these cuts couldnt have been a stimuli...

[DMX7]

and are you telling me the tax breaks didnt serve the pockets of the wealthy the most?

Trickle down economics, it works every time.

[CosmicCowboy]

The economy had not yet reached his moment of crisis, but the imbalances that caused that 2007 credit crunch had been building up for at least four years, and had very little to do with the 2006 midterms.

I'll agree with that except for the time frame. It was building more like 12 years.

[Wild Cobra]

The economy had not yet reached his moment of crisis, but the imbalances that caused that credit crunch of had been building up for four years, and had very little to do with the 2006 midterms.

(This is more of that correlation=causation stuff you just can't leave alone, WC.)

We've been down this road before.

The economy was on a very slow upward path. So slow, the democrats demonized it, and scared people. In their partisan political wake, they scared people, and the economy. Talking about more taxes and programs made things words. Afterall, tax payers, especially those of us who pay 5 figures or more in taxes annually, see what taxes do to our buying power.

I take it you haven't experienced tax changes while paying 5 figures.

[Wild Cobra]

Did the tax cuts for the Super rich that we couldn't afford expire in 2007? No.

That's because the tax cuts had nothing to do with the downturn.

[Parker2112]

then stop with blaming the Bush tax cuts.

I see it as real fact. Do you understand the concept of the Laffer curve?

Oh, i see....

You have Penis Envy.

do you understand that the laffer curve says that too little taxation means our revenue drops?

Im not blaming the tax cuts for our predicament, Im saying after a period of such cuts it is amazing that you imply the "batteries" for our economy are being drained. if the "batteries" were any ing good at generating power in our economy we wouldnt be in the hole predicament that we are.

And I am in the upper middle class. I have a B.S. and a Doctorate. and my aint no slouch either...

[DMX7]

That's because the tax cuts had nothing to do with the downturn.

Then tell me SPECIFICALLY what the Democrats did in 2007 that caused the greatest economic crisis since the Great Depression.

[Parker2112]

deregulation was the cause of our downturn. all day. every day. moneymen in the wheelhouse making it easier for the crew to commandeer the ship. which they did. and they are about to sink the damn ship

[Winehole23]

I take it you haven't experienced tax changes while paying 5 figures.

None of your beeswax.

[Winehole23]

Let's just say I can't really commiserate, regardless. Did you have a point?

[DMX7]

None of your beeswax.

You can have a relatively modest home and pay close to $10,000 alone in property taxes in Texas. Trust me, I know.

[Winehole23]

deregulation was the cause of our downturn. all day. every day.

financial innovation, over-leveraging and counter-cyclical monetary policy had something to do with it too. Too much wealth got poured into dodgy financial paper.

[Winehole23]

You can have a relatively modest home and pay close to $10,000 alone in property taxes in Texas. Trust me, I know.

I'm a renter.