Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story
Yeah

Mililani, HI

#830816 Dec 30, 2012
shinningelectr0n wrote:
<quoted text>
From Dictionary.com :
"capitalism [&#712;kæp&#618;t& #601;&#716;l&#618;z &#601;m]
n
(Economics) an economic system based on the private ownership of the means of production, distribution, and exchange, characterized by the freedom of capitalists to operate or manage their property for profit in competitive conditions. Also called free enterprise private enterprise Compare [socialism]"
Note: "...characterized by the *FREEDOM* of capitalists to operate or manage their property for profit in competitive conditions."
and
"...*FREE* enterprise..."
You would rather listen to the Boy Messiah than to Adam Smith any day because you get free cellphones from the Boy. That's one *FREE* you always connect with.
lol! You must have created your own definition son. Here's what I found.....

"
cap·i·tal·ism
[kap-i-tl-iz-uh&#8201;m] Show IPA
noun
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth."

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carol

Orlando, FL

#830817 Dec 30, 2012
sonicfilter wrote:
<quoted text>
drop the Bush tax cuts for everyone.
it's not like we'll be raising taxes. just restoring.
If finding less in your paycheck - no matter how much you earn - because more will be taken out for federal income tax and SS tax is what you call restoring...

...yimminy cricket...

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“Constitutionalis t”

Since: Dec 10

Conroe, TX

#830819 Dec 30, 2012
Nuculur option wrote:
<quoted text>
It's been answered.
Go look for it, nitwit.
Has to do with your make believe stories about being an oilman or knowing anything about the industry.
Of course, all your stories are make believe, so it realy doesn't matter.
BTW, when are we going to hang Dick Cheney for treason in his outing of a CIA Agent??
You've dodged that one since the Bush Admisistration.
Correct me if I'm wrong, but it was Robert Novak who "outed" Valerie Plame.
Yes, we should hang Robert Novak for intentionally publishing known state secrets and committing treason.

Now, where were me....

You've been running away from this question for a while.
Where are you going to get the money from to pay for Obama's government?

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Yeah

Mililani, HI

#830820 Dec 30, 2012
shinningelectr0n wrote:
<quoted text>
Like your other guesses, this one, too, is off the mark.
Expecting you to make an educated guess would also end in failure.
lol! And that's why you offer your opinions instead. You can be off the mark AND not have to prove any of it!

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Yeah

Mililani, HI

#830822 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>its Socialism because the US Constitution allows the Federal Government to get involved in economical activity which the US Constitution grants that authority through the use of Article 1 Section 8 Clause 1 the Taxing Power which Capitalism rejects and is the very first power given to Congress by the US Constitution, the power to tax. Money is power, and in the governmental structure created by the US Constitution, Congress—not the president—controls the money.
Article 1, Section 8
Clause 1. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
The very first power given to Congress by the Constitution is the power to tax. Money is power, and in the governmental structure created by the Constitution, Congress—not the president—controls the money. Congress also has the power to levy tariffs (taxes on imported goods) but it's not allowed to charge more for imports into one state than into another. The Framers of the Constitution probably put the tax power first on the list of Congress's enumerated powers because they were acutely aware that one of the biggest problems of the old Articles of Confederation was that its version of Congress did not have the power to tax, and thus didn't have the power to do much of anything at all.
http://www.shmoop.com/constitution/article-1-...
lol! Ding! Ding! Ding! Ding!

Winner!

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sonicfilter

Indianapolis, IN

#830823 Dec 30, 2012
carol wrote:
<quoted text>
Since when have Democrats been in favor of tax reform? Increasing taxes on a few to pay for 7 days of government spending - of which this administration wants to do more of - isn't tax reform.
yes, i know how confusing it must be for you wingnuts to understand.....We have to start somewhere.

since the republican refusniks won't do the right thing, which is to go all in, then if that means we have to chip away at the problem that's a much better solution than 'nothing'.

oh yeah....cut spending! we can't cut enough at our current rate of revenue. it will take a combination of cutting spending and raising taxes to get the job done.

and please don't foist some Heritage crap on me. discredited doesn't even begin to describe that outfits series of economic guesses.

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“Constitutionalis t”

Since: Dec 10

Conroe, TX

#830824 Dec 30, 2012
carol wrote:
<quoted text>
As long as this administration keeps wanting to spend more and raising the debt ceiling to accomodate more spending, there will never be an answer.
Raising taxes on the few is a punitive measure, but people have been brainwashed to believe it's actually going to make a difference.
We should all take note that cutting spending - other than crippling the military - is all that's on the table by this adminstration when even one of the Obama Team Cheerleaders reported the heaviest burden on government is entitlement spending.
Maybe I just missed major reforms being a part of their solution.
I believe you are correct. The Democrats have no intention of maintaining a solvent government. They are well aware that it is impossible to pay for Obama's government. There is not enough income to be taxed to pay for it, and they are well aware of this. The collapse of our govenment is a certainty.
They intend to use that situation they created for justification of the government taking control of everything....
Thus, beginning a civil war.
That is their intent. They are Marxist. Revolution is their credo. That's the goal of everything they are doing. If you read Saul Alinsky, you can predict everything they do.

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Yeah

Mililani, HI

#830825 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>Article 1 Section 8 Clause 3 & and the Sherman Anti Trust Act are example of Socialism which is alive and well in the United States and is proof of that the US is Anti-Capitalism which Clause 3 of the US Constitution and the Sherman Anti Trust Act allow the Federal Government to get involved economically in the US economy and Monopolies are inherit to Capitalism.
Sherman Antitrust Act
The Sherman Antitrust Act (Sherman Act, July 2, 1890, ch. 647, 26 Stat. 209, 15 U.S.C.§§ 1–7) is a landmark federal statute on competition law passed by Congress in 1890. It prohibits certain business activities that reduce competition in the marketplace, and requires the United States federal government to investigate and pursue trusts, companies, and organizations suspected of being in violation. It was the first Federal statute to limit cartels and monopolies, and today still forms the basis for most antitrust litigation by the United States federal government.
http://en.wikipedia.org/wiki/Sherman_Antitrus...
Article 1, Section 8
Clause 3. To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
Congress has the power to impose regulations on interstate and international business. This "interstate commerce clause" has been quite controversial in the history of constitutional law; for a long time, judges tended to read the clause narrowly, overturning federal laws they deemed focused mainly on regulating economic activity within states rather than between them. Since the 1930s, however, judges have tended to read the clause broadly, allowing the government to regulate all kinds of economic activity—by setting a national minimum wage, for example.
http://www.shmoop.com/constitution/article-1-...
Very good! You like to post clarity on points where people deliberately obfuscate and like to use the terms "freedom" with "capitalism", don't you?

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“Constitutionalis t”

Since: Dec 10

Conroe, TX

#830826 Dec 30, 2012
carol wrote:
Guess we'll know soon if the Senate Democrats and President Obama are willing to compromise to keep us all from paying more in taxes next year.
It was Treasury Secretary, Tim Geithner, after all, who said the Obama administration was prepared to dive off the fiscal cliff if Republicans don't agree to give them everything they want.
Is this the new and improved kind of leadership the majority wanted - castrating the military and creating another recession?
Somebody on the left help me out here.
That was an empty threat. In the fiscal cliff are cuts to government spending. That's poison to them. Their entire strategy requires increased government spending. If you noticed, Republicans are willing to sacrifice some things to achieve some fiscal sanity in our government. A sacrifice would be tax increases. The Democrats cannot sacrifice the primary element of their plan, continued increase of government spending.

Let the fiscal cliff come. It's the only sane thing our government has done in the past 4 years.
I'm satisfied with it. At least government spending is cut. That is the most important thing that needs to be done. We can work the rest out later.
And, NO MORE DEBT. NOT FOR ANY REASON. Make the government grow up and live within the means the economy provides.

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sonicfilter

Indianapolis, IN

#830827 Dec 30, 2012
carol wrote:
<quoted text>
If finding less in your paycheck - no matter how much you earn - because more will be taken out for federal income tax and SS tax is what you call restoring...
...yimminy cricket...
did the Bush cuts cut those taxes?

but i don't see the problem. even Bush didn't see the problem.....

if he did then why weren't they permanent? i'd love to see one of you experts in all things failed present us with the right wing blogger/FOX take on that one.

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Since: Aug 11

Location hidden

#830828 Dec 30, 2012
Yeah wrote:
<quoted text>lol! You must have created your own definition son. Here's what I found.....
"
cap·i·tal·ism
[kap-i-tl-iz-uh&#8201;m] Show IPA
noun
an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, especially as contrasted to cooperatively or state-owned means of wealth."
Right, everything is privately owned in a Society based on Capitalism which there wouldnt be Public Schools, Libraries, & Highways but would be considered Private Schools, Libraries, & Highways owned by private individuals just like the Railroads started out being owned & controlled by Private Individuals.

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Yeah

Mililani, HI

#830829 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
You're a nut, the question was how the Constitution precluded capitalism.
lol! Here's what you said son...

"I can tell you why, the Constitution defines the government and does not dictate a particular economic system but capitalism is heavily implied. Can you think of any other economic system that is compatible with the Constitution? I can't."

There was NO question. Just a statement on your part. An incorrect one, I might add.

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Yeah

Mililani, HI

#830830 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
Interpretations are interpretations.
Again, here's your "explanation"...

I can tell you why, the Constitution defines the government and does not dictate a particular economic system but capitalism is heavily implied. Can you think of any other economic system that is compatible with the Constitution? I can't.

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“Constitutionalis t”

Since: Dec 10

Conroe, TX

#830831 Dec 30, 2012
sonicfilter wrote:
<quoted text>
drop the Bush tax cuts for everyone.
it's not like we'll be raising taxes. just restoring.
Perhaps you had difficulty comprehending the sentence written in the English language below:

There is not enough money to be taxed. If you taxed everyone earning over 250k at 100 percent and made them destitute, you still wouldn't have enough money to pay for Obama's government.

So, where will the money come from to pay for Obama's government?

Perhaps there needs to be cuts?

The fiscal cliff makes cuts and raises taxes. What's Obama's problem with that?

Let the fiscal cliff come. It's the only sane thing the government has done in the past 4 years.

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carol

Orlando, FL

#830832 Dec 30, 2012
sonicfilter wrote:
<quoted text>
2002.
Reagan just raised taxes.
Okay, time to set the record straight once and for all.

When most people hear the words,“tax hike”, they naturally assume you mean raising income taxes. But tax rates dropped dramatically across-the-board during Reagan’s tenure.

Not only did the top individual income tax rate go from 70 to 28 percent but the tax code was also indexed for inflation.

Tax increases are not created equal. Some are much worse than others. Many of Reagan’s so-called “tax increases” were actually examples of ending deductions.

One of the tax increases Reagan signed - the Highway Revenue Act of 1982 - was a temporary increase in the federal gas tax from 4 to 9 cents. Another was a cigarette tax - Consolidated Omnibus Budget Reconciliation Act of 1985. These are real tax increases but should not be confused with the income tax.

Criticism from free marketers on the right was his raising the capital gains tax rate as well as the corporate rate — Tax Reform Act of 1986. These were real tax increases and, in some cases,“regressive” taxation, but they pale in comparison to the scale of the income tax cuts that defined the Reagan era.

Congressional Democrats promised Reagan, "We’ll cut spending if you raise taxes.”

Reagan was offered such a deal in 1982. It’s the reason he reluctantly agreed to the largest tax increase of his presidency - the Tax Equity and Fiscal Responsibility Act of 1982.

The Democratic Congress then promptly proceeded to ignore the planned spending cuts.

Of course.

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carol

Orlando, FL

#830833 Dec 30, 2012
DBWriter wrote:
<quoted text>
That was an empty threat. In the fiscal cliff are cuts to government spending. That's poison to them. Their entire strategy requires increased government spending. If you noticed, Republicans are willing to sacrifice some things to achieve some fiscal sanity in our government. A sacrifice would be tax increases. The Democrats cannot sacrifice the primary element of their plan, continued increase of government spending.
Let the fiscal cliff come. It's the only sane thing our government has done in the past 4 years.
I'm satisfied with it. At least government spending is cut. That is the most important thing that needs to be done. We can work the rest out later.
And, NO MORE DEBT. NOT FOR ANY REASON. Make the government grow up and live within the means the economy provides.
There could be a silver lining, as others have also said, in going over this cliff.

I hope you - and they - are right.

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Curious

Jamestown, NY

#830834 Dec 30, 2012
DBWriter wrote:
<quoted text>
Perhaps you had difficulty comprehending the sentence written in the English language below:
There is not enough money to be taxed. If you taxed everyone earning over 250k at 100 percent and made them destitute, you still wouldn't have enough money to pay for Obama's government.
So, where will the money come from to pay for Obama's government?
Perhaps there needs to be cuts?
The fiscal cliff makes cuts and raises taxes. What's Obama's problem with that?
Let the fiscal cliff come. It's the only sane thing the government has done in the past 4 years.
I'm curious,

"There is not enough money to be taxed. If you taxed everyone earning over 250k at 100 percent and made them destitute, you still wouldn't have enough money to pay for Obama's government."

Are there statistics to confirm this? Can you provide a link?

Thanks

Since: Aug 11

Location hidden

#830835 Dec 30, 2012
Yeah wrote:
<quoted text>Very good! You like to post clarity on points where people deliberately obfuscate and like to use the terms "freedom" with "capitalism", don't you?
I will point out between Facts & someones Fiction.

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carol

Orlando, FL

#830836 Dec 30, 2012
Curious wrote:
<quoted text>
I'm curious,
"There is not enough money to be taxed. If you taxed everyone earning over 250k at 100 percent and made them destitute, you still wouldn't have enough money to pay for Obama's government."
Are there statistics to confirm this? Can you provide a link?
Thanks
DBWriter will probably have a better answer.

But picture a semi compared to an ant.

That's how big the deficit is. Try and imagine the number of ants it would take to equal the size of the semi.

Our grandchildren's grandchildren's grandchildren will still be paying off this debt if we don't start slashing it now.

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sonicfilter

Indianapolis, IN

#830837 Dec 30, 2012
carol wrote:
<quoted text>
Okay, time to set the record straight once and for all.
When most people hear the words,“tax hike”, they naturally assume you mean raising income taxes. But tax rates dropped dramatically across-the-board during Reagan’s tenure.
Not only did the top individual income tax rate go from 70 to 28 percent but the tax code was also indexed for inflation.
Tax increases are not created equal. Some are much worse than others. Many of Reagan’s so-called “tax increases” were actually examples of ending deductions.
One of the tax increases Reagan signed - the Highway Revenue Act of 1982 - was a temporary increase in the federal gas tax from 4 to 9 cents. Another was a cigarette tax - Consolidated Omnibus Budget Reconciliation Act of 1985. These are real tax increases but should not be confused with the income tax.
Criticism from free marketers on the right was his raising the capital gains tax rate as well as the corporate rate — Tax Reform Act of 1986. These were real tax increases and, in some cases,“regressive” taxation, but they pale in comparison to the scale of the income tax cuts that defined the Reagan era.
Congressional Democrats promised Reagan, "We’ll cut spending if you raise taxes.”
Reagan was offered such a deal in 1982. It’s the reason he reluctantly agreed to the largest tax increase of his presidency - the Tax Equity and Fiscal Responsibility Act of 1982.
The Democratic Congress then promptly proceeded to ignore the planned spending cuts.
Of course.
think you can apply that reasoning to raising taxes 11 times?

Reagan cut taxes when he could. Raised them when he had to. Why today should be any different defies logic.

and if Reagan gets a pass for what happened during his watch then so does Obama.

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