Who here needs a tax cut?

Ok, so your pay check went up, but what you spend will go up soon enough so the difference will be washed away. It may not come out of your pay check directly but it will come out of your pocket in one form or another, count on it. I do not, as you put it, feel "if we cut taxes, the economy will grow like a weed". That is a pretty generic and far too over simplified statement to begin with. There is so much more to it. But you created a post about tax cuts so that is the aspect I am commenting on. I want to elaborate on something however.... ""Taxes are D.C.'s staple diet. If we want to reign them in, we must control their diet."" This wasn't a statement about economic improvement....it was a statement about out of controll government. It was a statement about economic enslavement. Our states turn over trillions of dollars in taxes to the federal government and they turn around as "generously" give some of it back in some form or other, with strings, conditions and threats.....essentially blackmailing and bribing us with our own money

Best, Bushy made this statement in December of 2005. I repeat 2005, we all remember this because John McCain used this numberous times during the election. How many times did Geroge W. Bush mention this to the American in a State of the Union (where he should have), a news conference, or anything that would bring to light how bad this could be? NONE, not once besides his 2005 statement did he ever tell the country what was going to happen. There were alot of problems that came from the last 8 years, the housing market collapse, the high price of oil, the stupidity of corporate America. But, the last time this happened we tried "trickle down" economics we had simular problems. Anyone remember the savings and loan crisis in the late 80's? During that time we the Japenese buying up the entire country, and corporate raiders bought companies to liquidate them, and eliminate thousands of jobs. Sound familar?

Best, Bush made his comment infront of Congress in 2005, but NEVER said it directly to the American people. NO ONE heard him say a thing about it because no one heard him, if a tree falls in a forest and no one is around to hear it, does it make a noise? You are correct that Bush talked about this in 2001, but he never put in any policy to put his money where his mouth was. This is the most powerful man in the world, and often he would like you to believe that he had no power to do anything (atleast that is what he wanted us to think). He warned the US in 2001, but what did he say when Alan Greenspan said that we need to come up with more creative ways for Americans to finance homes? NOT ONE WORD. If he saw this coming then why didn't he stop it? This is the same man that spent months selling this billionaire welfare bill (tax cuts for the rich), his war in Iraq, and his no child educated bill. So if he would have really pushed this then he would have been able to change this before it destoryed the economy. Best, you also have to remember that HE controlled the entire government for TWO years, so I don't buy that warning for one tenth of a second. How about you? The S & L Crisis didn't start in the 30's, it ended in the 80's with a lack of regulation, and greed. Funny isn't is how many Bush's were involved with that? But, none of them ever went to jail, I wonder if their dad had anything to do with it? I read that link from the Cato institue (a republican think tank), I can make any number look good, the problem is that when you look at all of the numbers it tells a different story. For instance productivity, Productivity is usually high during a recession because less people are working more hour to make up for all of the people that were let go. So, if you have high procutivity then you usually don't have much business, and your unemployment number is high (look at productivity numbers right now, this is a BS number that no one pays attention to). You also notice that Cato didn't mention the record debt that Reagan left the country, and the fact that Clinton had the longest expansion of growth in our nations history (I wonder why the republicans at Cato didn't mention that?). I also noticed that Cato forgot to mention that Reagan left office with the highest national debt in our history (for the time, Bush made sure that didn't last long), while Clinton left the country with a surplus. Those guys at Cato sure know how to use numbers don't they, I bet they will tell you that Bush's economy is the best the world has ever seen, and will ever see. Do you think our economy is great today? Obama didn't make this mess, this is George W. Bush's. I did read your post about taxes, and like I said above I can numbers say what ever I want them to say. But, facts are facts, and I have lived through two attempts at "trickle down" economics, and they both ended the same way. If you think that tax cuts are so great, then explain to me why it is that in the last 30 years twice we have dramaticly cut taxes, and both times they led to a growing economy, followed by a finacial crisis that eliminated all of that growth, and left the country with record debt. You can tell me all day that pile of dog sh!t over this is flowers, but if it smells like sh!t, looks like shi!t, then it is sh!t.

http://www.sprintusers.com/forum/showthread.php?t=190128 "How many times did Bush mention to the American people...?" I don't know if he ever did. I don't usually listen to State of the Union addresses, but I wouldn't be surprised if a good share of the people (as long as everything seemed fine) would have ignored him if he had said something about it. What did the people do in 2005 when he said something to them about it? Bush did warn Congress and before 2005. He first warned them in 2001. What did they do about it? Are you blaming Reagan for the Savings and Loan Crisis? That stated in the 1930's. This might be of interest to you. http://www.cato.org/pub_display.php?pub_id=1120 Did you read the first link I posted? It seems to me lowering taxes usually does better than raising them.

Taskr, that is good that you are making more money, I am happy for you. So you didn't notice all of the tax money that you saved over last year? Around this time last year you were paying about $1.00 a gallon more for gas, and tax on this gas, so that is a tax cut (as Larry Kudlow), plus your tax bracket is paying less than last year (unless you are in the top tax bracket). I don't know why your cost of living is so high, but you can move to somplace where it would be less, but could you make the same amount of money there? LOL, you mean that $300 check that you had to pay for when you did your tax return? I remember that, I am surprised you don't remember paying that back. Taskr, so why didn't Bush recind the tax cuts when he sent us to war twice? If you have an aditional expense in your family do you continue to spend like normal? This is what Bush did, he never changed his economic policy. So either the tax cuts caused the problems, or Bush's stupidity did. Which one is it, Taskr?

Obviously I've noticed the difference in gas prices, but I don't blame or credit either president with that. For the first 8 months I lived here I was using public transportation anyway because it would have taken me one hour to drive 10 miles to work and I'd be paying the same for parking that I paid for a monthly metropass. There are various factors that lead to the cost of living here in Miami being high but I don't want to get too far off topic. I haven't studied it too thoroughly, but I would speculate it's the excessive property taxes that have led to foreclosures which have subsequently led to higher taxes to compensate which lead to more foreclosures and in Miami, there is not a big middle class. There are the rich and the poor and with this city having the 5th highest poverty rate in the nation and the 6th highest cost of living, it's clear that the system here is a failure. I moved here because I miscalculated my own cost of living. I considered that rent would be substantially more costly, but didn't realize that other things like groceries could cost so much. Even freaking Ramen Noodles cost more here ($0.55 PER PACK compared to $0.99 for a sixpack in Tampa), but I digress. One of the reasons I came here was for the money because even though it hasn't made me wealthy here, a high salary at this job becomes a bargaining chip for my next job elsewhere. I've recently applied for positions elsewhere and hope to be out of this city by October. "So either the tax cuts caused the problems, or Bush's stupidity did. Which one is it, Taskr?" Well let's remember that congress passes the spending bills. Bush only had the power to sign or veto them. You are right, when new expenses arise you need to compensate and both he and congress (democrats AND republicans) failed at this. I don't think they should have rescinded tax cuts, but they should have cut spending elsewhere. Instead they increased spending on various garbage projects and Bush failed to veto such crap. On managing the economy, he and congress clearly did a terrible job.