Taxes 2011

[Wild Cobra]

just the employee side. Employers still pay 6.5%.

6.2% SS, 1.45% medicare.

[Wild Cobra]

bigger deficits means cutting spending/shrink govt on poor, sick and young, non-whites, until it can be drowned in a bathtub, leaving MIC, BigFood, carbon extractor tax cuts/subsidies, etc untouched.

Can you for once, step off your soap box?

The 2% SS is the worst new cut, since it exposes SS to general deficit problem, moving it into the Repug firing range and towards destruction, aka, privatization.

Now I agree but disagree with you.

This should not count as adding to the deficit, because SS should not be used as part of the revenue used for spending, outside of SS. That said, I think the SS rate does need to be a little higher than it is today.

[Wild Cobra]

Bull premise. Considering we're already deep in the red, any additional spending goes into the national credit card, which we will have to pay for at some point, but will include interest. It's very likely this $800+ billion will cost us well upwards of 1 trillion once you add up said interest.

Not once, ever, tax cuts have paid for themselves in the form of recouped revenue due to growth. Not once. This is not going to be the exception unfortunately. This is really no different than a $1 trillion 'stimulus package' on it's face.

You don't know what you are talking about, and I'm not going to take the time to explain it right now.

I will say this much. What right does anyone have to say that collecting less in revenue is costing money. the government needs to spend within it's means and stop finding new ways to spend money.

you, and them, for thinking they come before us.

[Crookshanks]

Only in Washington does keeping the tax rates the same translate to a tax cut and raising budget spending items by 5% instead of 10% over the current budget is considered a budget cut. Talk about fuzzy math...

[ElNono]

You don't know what you are talking about, and I'm not going to take the time to explain it right now.

There's nothing to explain. Maybe they didn't teach you basic math in part-changer school, but it's nothing more than that.

I will say this much. What right does anyone have to say that collecting less in revenue is costing money. the government needs to spend within it's means and stop finding new ways to spend money.

It's costing money because there are no cost cutting measures included in the bill that will offset for the loss of revenue. Since the government has no plans to reduce spending, and since it's already on the red, it will have to borrow in order to make up for the difference. Since the government can't borrow at 0% interest, the actual cost of this will escalate to much more than $800+ billion.

Now, if you want to and moan about how much government spends, then start another thread. This is not what is being discussed here. It's a FACT that these tax cuts will cost all of us well over a trillion when the time comes to pay it back. The way the government is borrowing and kicking it forward is *exactly* the same as any 'stimulus package'.

you, and them, for thinking they come before us.

WTF are you babbling about? lol, u mad