obama is going to bankrupt us.
- Thread starter Briansol
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Capt. Orygun
Win the Day
Capt. Orygun
Win the Day
and a surplus
Capt. Orygun
Win the Day
and a weaker military
all a surplus means is that the government took more of your money than it needed and is keeping it, because "they can use it better than you can"
think of it like this... you go to a store and buy something that costs $12.97... you give them a $20... they give you $2.03 in change and keep the $5 because they know how to spend that money better than you do..... thats a surplus
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fucking
one of my biggest problems with clinton was how badly he raped the military
I can't argue the point, but I'd take that over the hugemongous defficit we've run up here. Not advocating clinton, just trying to stick to the facts.
Uhhh, I'm not sure where you're getting your figures from J.
Long term capital gains are paid at 15% if your annual income is around $30k+.
Short term capital gains are paid at your marginal tax rate - that is, the highest income bracket that you're in - which means if you're above ~$90k or so, you pay ST capital gains at 33%.
Barack is out of his minid for his funding programs. He won't privatize social security? So a failing system will just continue to leach off of the tax payers. He won't allow insurance companies to deny policies to people with pre-existing conditions and he will lower deductibles? How does he figure that insurance companies will remain profitable?
The only good thing I see out of Obama is his corporate tax policy.
I can't swallow the pill that under McCain's policy, Exxon will be eligible for a $100million tax break. Either regulate certain industries or raise the corporate tax across the board.
Clinton achieved his surplus on the heels of a housing and dot com bubble that would later burst during the Bush administration. Clinton also raised taxes and failed to retaliate against Bin Laden after his terrorist organization bombed the U.S.S. Cole, Bin Laden would later go on to devise the September 11th attacks that helped cripple the U.S. economy for at least six months.
Clinton made some strides in his domestic policy under social reform, but he certainly wasn't the end all, be all of presidents.
Clinton made some strides in his domestic policy under social reform, but he certainly wasn't the end all, be all of presidents.
Damn it is good to finally see someone else understand that Clinton rode the Dot Com wave.
I like what I read on Bob Barr's website. I'll have to see where he stands on social policies; health care, abortion, stem cell research, gay marriage, etc. and where he stands economically.
People are short-sighted beings.
In your personal life, if spending habbits are changed, you can see and feel the results in your everyday life immediately.
Blow the scenario up to a wide scale picture that includes the entire United States. Change takes awhile to be felt as the economic cycle is clearly much more complex and lengthy. Everything feels and looks fine and dandy, until you feel a ripple 4 years down the line.
I truly feel that many Republicans have eaten the crow that Democrats have left behind, due to their socially irresponsible policies. Bush came into office during a sinking economy. I feel his first term he did an excellent job, especially given the circumstances after 9/11. His second term the past caught up to him and the economy started to go down the drain.
Now Bush isn't the only person responsible - just look back as far as Greenspan and his incredibly low interest rates. Lets look back at the books that were being cooked during the Clinton era. The Clinton administration allowed Enron and Tyco to go on under their nose, meanwhile they would eventually send the economy plunging and investors scared. Look at the implosion of the LTCM, who's manager would later come around in the past year and send another hedge fund plummeting http://en.wikipedia.org/wiki/Long-Term_Capital_Management. We wonder why we just had a housing bubble burst from underneath an economy that was beginning to flourish again.
"For every action there is a reaction."
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If you live in a dwelling for 2 years, you're eligible to not pay taxes on the first 250k of profit. If you're married, you're eligible to not pay on 500k of profit.
Thats one single circumstance in a lifetime.
I'm not sure where you're heading with this...
My point was that short term capital gains taxes are paid at the MTR, while long term capital gains are paid at 10 or 15% depending on your tax bracket. The majority of people paying 15%.
I understand this, but how much of life is being at the right place at the right time. Anyway, this universal health care has to go, it will bankrupt everyone. Oh don't forget to sell alll your guns, and that wasnt the (forgive my spelling) Tony Rezco I knew.
I have many friends in the construction industry that practice this very often, including the man I work for. It's a bitch for their family but they make a fortune every couple years. I was under the influence it can be a continuous practice as long as you meet said requirements.
