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  1. #151
    Veteran Wild Cobra's Avatar
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    I think you're underestimating the size of the market, as well as the amount of banks that used CDS and then swapped those. And CDS's were anything but "personal scale" investments.
    And if we let those banks fail, the US taxpayer wouldn't have been out the money, and the banks who did it right, would have taken up the slack.

  2. #152
    Veteran Wild Cobra's Avatar
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    really parker? You mean I can be as knowledgeable as you?
    Careful...

    You may lose IQ talking with him too much...

  3. #153
    Believe. admiralsnackbar's Avatar
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    Careful...

    You may lose IQ talking with him too much...
    Too bad you pre-date him as a poster... otherwise you might have an excuse.

  4. #154
    Veteran Wild Cobra's Avatar
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    Dismantle the fed reserve.
    Maybe. It at least needs a leash.
    stop borrowing to pay for big govt.
    Absolutely.
    gut unnecessary social services and welfare programs.
    I agree here too.
    gut the war effort completely.
    No. Right or wrong, we are now committed to try to win, else be quitters.

    Are you a quitter?
    Bring the boys home.
    Why? Some of them are real proud to be part of something like this. The war has been going on long enough, nobody is there that didn't sign up for it.

    Does your authoritarianism mean they cannot do as they please?
    Make sure they are taken care of.
    Yes. We need to do better there than we have.
    Protect our country at the borders, and through diplomacy abroad and strong economy at home.
    I agree there too. However, i doubt I agree with the method you would choose.
    stop getting wrapped up in foriegn messes.
    Yes, we have interfered too much. We need to be more careful than we have been.
    diversify our energy economy asap...which might take some govt intervention.
    we used to be diverse, until democrats scared productive businesses elsewhere.
    Set up term limits to minimze the risk that our govt continues propelling us down the path to .
    I have mixed feelings about term limits. I prefer requiring public service to be a charity the individual does for his nation, rather than a position that grants power.
    legalize dope and tax the out of it.
    I have agreed with that for almost 40 years.
    make it easier for third parties to enter races and debates.
    Good luck taking power away from the established powers top be. A first step wouold be to require the winner to have 50%+1 or more, and runoff elections to make it so.
    cap campaign contributions severely and make campaigns publicly financed for the most part.
    No. Simply not allow groups to give money like corporations who may have stock holders of differing views. Same with unions. Only allow like mined groups and individuals to contribute, and disallow groups who have members who are not all in agreement.
    elect ron paul as prez.
    No. I think he is great for everything except as Commander in Chief. I would only consider that if we has a five star general to go with the deal.
    But even though Im not sure what the best way to stimulate the economy is, I know trickle down sux dix, and I am so pessimistic about our future with big gov and big corps printing our currency like there is no tomorrow Im not so sure that we need stimulation, but rather a little bit of belt tightening. which is what people/corps are doing.
    If you don't like trickle down economies, what do you think of the trickle down bailout?
    As for Wild Cobra's take, that a democratic white house led corps to shut down capital expenditures, I can see that.
    Yes, they are running scared of what to expect in the future. If they knew what to plan for, things would be far better for all of us, even if they knew to plan for things unsettling to them. The not knowing is the worst part.
    If WC would have said that, I would have given him credit for a plausible argument. But the typical partisan "blame every damn thing on obama" crap is just not worth a .
    Please, keep one thing in mind when you read my assumed partisan posts. I take a cross between conservatism and libertarianism. I hate the democrats agenda for that reason. they are both liberal and authoritarian. I have no love for the republicans, but I see them as the lesser of two evils. I am not partisan, but rather, anti-democrat.

  5. #155
    Booyakasha fraga's Avatar
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    We're not quitters....just look at how we won Vietnam...

  6. #156
    Veteran Wild Cobra's Avatar
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    We're not quitters....just look at how we won Vietnam...
    Yes.

    The democrats stopped funding the war they started.

  7. #157
    Mr. John Wayne CosmicCowboy's Avatar
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    Yes.

    The democrats stopped funding the war they started.
    Technically the US started getting involved by sending money/advisors to Vietnam under the Eisenhower administration, but you are correct that Kennedy/Johnson sent the first combat troops.

  8. #158
    Cogito Ergo Sum LnGrrrR's Avatar
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    And if we let those banks fail, the US taxpayer wouldn't have been out the money, and the banks who did it right, would have taken up the slack.
    No one rightfully knows what would have happened. You can't take a monster like the US economy and predict exactly what will happen... if you could, alot of economists would be out of a job.

    You yourself note the difficulty in predicting weather patterns more than a few days out. Do you think the global economy is much simpler?

    I agree that, morally, we should have let the banks fail. However, I can see why people supported the bailout, as it did seem to change what might have been a historical depression into merely a huge one.

  9. #159
    Cogito Ergo Sum LnGrrrR's Avatar
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    No. Right or wrong, we are now committed to try to win, else be quitters.

    Are you a quitter?
    Didn't you yourself say that you couldn't define what a "win" would be? How could we possibly lose a game if we don't know what winning is?

  10. #160
    Pimp Marcus Bryant's Avatar
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    What's this "we" stuff? And who's next on the schedule?

  11. #161
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    Ah, ridiculous ol' dubya logic: "we have to keep dying in Iraq to honor those who died in Iraq."

  12. #162
    Rising above the Fray spursncowboys's Avatar
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    when did w say that?

  13. #163
    Rising above the Fray spursncowboys's Avatar
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    We're not quitters....just look at how we won Vietnam...
    yeah "sorry, we aren't funding you baby killers" "sorry vietnamese we are out of here, pay no attention to our vaults of names and addresses we left of our allies".

  14. #164
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    are you talking about the surplus that bush spent?
    Uh?

  15. #165
    🏆🏆🏆🏆🏆 ElNono's Avatar
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    What's this "we" stuff?
    True Americans, obviously.

  16. #166
    The Money Team DMX7's Avatar
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    True Americans, obviously.
    or "real" Americans (i.e., people who vote for Sarah Palin and have a single digit IQ)

  17. #167
    Basketball Expertise spurster's Avatar
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    Actually they also raised the threshold where you start to pay tax and even reinforced the negative tax where if you made less than a certain amount you got a check.

    I can hardly propose a new tax code in a post on a message board but part of the problem we have today with runaway spending is that too much of our population has NO skin in the game. I don't care if it's 1% on the poorest I think everyone should pay taxes. if you pay no taxes at all or even get a "bonus" check from the government because you don't make enough you have NO personal interest in the Feds pissing off stupid money because it simply doesn't effect you.
    This is a flat-out lie.

    Poor workers pay taxes, too: SS tax, sales tax, user fees (driver's license, car registration, ...).

  18. #168
    dangerous floater Winehole23's Avatar
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    CC puts it broadly but when you pin him down he'll admit to a narrow technical emphasis. He just means income tax. He just likes to say po' folks pay no taxes for some reason.

  19. #169
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    Just read a BP story where Gulf Coast hotel workers (housekeepers, laundry, dishwashers, garbage handlers, etc) on H1B visas want to sue BP for causing their unemployment (they have only a short time before losing their job with their H1B employer and deportation).

    They make $7.75/hour, and of course, no tax free benefits, no health care. "Just Go To The Emergency Room (c)"

    What inescapable income tax does WC and rich guy CC want to punish these people with? Would the rich guys want to pay $10 more per night to gross up the wages of these $7.75 workers to $15/hour (still below the avg Wal-mart hourly)?

    In practice, a minimum 1% tax rate is useless in practice, less that round-off errors in IRS revenues. It's nothing but a punitive, vindictive ethic.

    My guess is that these poor manual workers won't get a penny from BP.

  20. #170
    Mr. John Wayne CosmicCowboy's Avatar
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    CC puts it broadly but when you pin him down he'll admit to a narrow technical emphasis. He just means income tax. He just likes to say po' folks pay no taxes for some reason.
    That's the beauty of point of sale taxes. They are hard to avoid. Except for taxes on a few commodities like gas, alcohol, and cigarettes however those are essentially state and local taxes.

    Most illegal aliens still pay no Federal taxes because they work off the books completely or as contract labor.

  21. #171
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    "sale taxes. They are hard to avoid"

    and therefore extremely regressive, which is why, eg European, countries with high sales taxes also have very high income tax deductions for the low end.

  22. #172
    W4A1 143 43CK? Nbadan's Avatar
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    Boutons is right.....a person with a $30k/year income is likely to spend all their income every year, whereas, a person who makes $100k/year is likely to save, or invest some of that income...that's a regressive tax because it taxes all of the poor income but only a part of the richers income...

    ...this is the main weakness of the flat tax too...unless you build some really generous deductions, or exemptions for the poor, and then we are back to the system we have today...

  23. #173
    Veteran Wild Cobra's Avatar
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    No one rightfully knows what would have happened. You can't take a monster like the US economy and predict exactly what will happen... if you could, alot of economists would be out of a job.
    I'm not saying things would have been smooth sailing. I seriously believe the more we try to control the free market, the less free it becomes, and we then end up ing it up more than it would otherwise be.
    You yourself note the difficulty in predicting weather patterns more than a few days out. Do you think the global economy is much simpler?
    Not at all, but would you agree the bigger natural forces or man made forces have more effect?

    Isn't it better to let the ans fall so smaller elements of power cannot do the same scale of destruction?
    I agree that, morally, we should have let the banks fail. However, I can see why people supported the bailout, as it did seem to change what might have been a historical depression into merely a huge one.
    No way to know without seeing the alternate reality of no bailout. Maybe you're OK with mortgaging away your children's future for your present security, but I'm not into such self-centered acts.

  24. #174
    Veteran Wild Cobra's Avatar
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    This is a flat-out lie.

    Poor workers pay taxes, too: SS tax, sales tax, user fees (driver's license, car registration, ...).
    Really?

    Do you know what "making work pay does?

    Sure, states that have a sales tax, they pay taxes Fees for things not necessary for life.

    As yourself. Is that at the federal level, or at the 10th amendment level?

  25. #175
    Veteran Wild Cobra's Avatar
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    Just read a BP story where Gulf Coast hotel workers (housekeepers, laundry, dishwashers, garbage handlers, etc) on H1B visas want to sue BP for causing their unemployment (they have only a short time before losing their job with their H1B employer and deportation).
    I don't think they can. the government let BP off the hook with that $20 billion fund. Then on top of that, it's the hype from the media fears generated by the leftists that killed tourism, and not allowing people to go to beaches who still wanted to.
    They make $7.75/hour, and of course, no tax free benefits, no health care. "Just Go To The Emergency Room (c)"
    Want some cheese with that whine? Sorry about your job.
    What inescapable income tax does WC and rich guy CC want to punish these people with? Would the rich guys want to pay $10 more per night to gross up the wages of these $7.75 workers to $15/hour (still below the avg Wal-mart hourly)?
    The more you seek redistribution of wealth, over doing actual things to promote that people to take care of themselves, the more you are a liberal loser, and lib .
    In practice, a minimum 1% tax rate is useless in practice, less that round-off errors in IRS revenues. It's nothing but a punitive, vindictive ethic.
    From a revenue standpoint, yes. From the reality that now the some people will have skin in the game, more will stop voting for politicians who with to redistribute others wealth.
    My guess is that these poor manual workers won't get a penny from BP.
    Maybe, maybe not. However, the money is there in that $20 billion fund, if Ken Feinberg things they should get some of it.

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