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November 30, 2012 at 10:44 pm #778572
WorldCitizenParticipantre: post #24
What exactly is a “Merkin Revolshun”? I’ve got a few fun ideas that are not very family friendly, but wanted to give you a chance to give your input first.
And if you don’t follow my meaning, Just for fun, do a Google Image search for “merkin”.
Enjoy!
November 30, 2012 at 10:59 pm #778573
miwsParticipantNovember 30, 2012 at 11:05 pm #778574
WorldCitizenParticipantYou’re welcome!
December 1, 2012 at 1:34 am #778575
Genesee HillParticipantI hope the tax rate on dividends goes back up to the tax rate on earned income. Come on, how many of us average wage-earners get dividend income worth more than a few bucks?
Wow, honey. Instead of paying 35 cents in taxes on our dividend income, we only have to pay 18 cents. Thanks, GOP. ROFL
December 1, 2012 at 1:57 am #778576
FionaEnzoParticipantThere is also the problem with 65+ y.o. folks hanging on to good-paying jobs so young people have no opportunities to save to raise a family, pay off student loans, etc. getting older folks out of the job market is a good thing for the next generation. most still have to supplement their social security (which they paid into their entire working life so they are entitled to getting it back when they’re older — that was the plan) with at least a part-time lower paying gig.
December 1, 2012 at 2:18 am #778577
dobroParticipant“The democrats are going to have to get this done on their own somehow.”
I don’t think so. The Democrats don’t have to do anything. And I, for one, hope they don’t. They’re holding the boss card on this one. Obama is offering a deal that, if he were working with folks that show good faith, would be a slam dunk. Keep the middle class tax cuts, have a nice holiday, and when we come back to work we’ll get busy on the rest of it and have serious negotiations. But the Repubs seem to have lost the ability to deal in anything other than hostage style negotiation. After 4 years of putting up with their cr*p, I’m hoping the “Mr Nice Guy” Obama is exchanged for the “I Drink Your Milkshake” Obama.
December 1, 2012 at 4:51 am #778578
WorldCitizenParticipantAre you saying you want Obama to “put his long straw into Mr. Bohener’s cup”?
December 1, 2012 at 5:06 am #778579
JoBParticipantDecember 1, 2012 at 6:50 am #778580
shed22ParticipantTo answer the question: at the bottom, in a shoal, with lots of rocks. Why hasn’t anyone said it on this topic: JUMP! Go ahead and a try it. Give it a little fall. It’s just money. And, perhaps, a dip will end in a rise. We are buoyant.
December 1, 2012 at 2:16 pm #778581
redblackParticipanthooper: not sure why you are bound and determined to make me pick up 80-pound sacks of mortar and concrete blocks and scaffold planks until i’m 72. what the hell did i do to you, anyway? something in a past life, maybe?
no, sir. i’m going to rest and have a well-earned retirement at 62 – if not sooner – and i’m going to live to 112 just to piss you off.
shed: i agree. let’s return the tax rates to where they were and let’s have the defense cuts.
and hooper can get his cuts to social security and medicare, too.
and maybe moody’s or whoever will give us our bond rating back for playing nice.
December 1, 2012 at 5:10 pm #778582
dobroParticipant“obama has laid out a plan to avert a fiscal crises. the plan is heavy on tax increases and is way too light on cuts.”
Anybody have link to the Republican proposal? (hint: there isn’t one.)
December 1, 2012 at 5:38 pm #778583
hooper1961Memberthe need for austerity sucks!
Genesee Hill – raising tax rates on dividend also hits middle class people who have saved for their retirement; aka people who lived within their means and now you want to penalize them?
December 1, 2012 at 5:58 pm #778584
elikapekaParticipantHooper, so far I’ve seen no proposal from the R’s other than to cut SS and Medicare. There’s a whole lot of other cuts that can be made before we have to go there. SS does not affect the deficit, and should not be part of these negotiations. It’s a separate issue. Medicare can be easily tweaked around the edges without cutting benefits. A start would be to allow the program to negotiate drug prices with the pharmaceutical companies.
As for your last statement about dividends and retirement, this is not true for most retired people. The majority of retirement savings are in qualified retirement plans like IRA’s and 401k’s. When you take money out of a retirement plan it is taxed as income, not dividends or capital gains.
At this point the D’s are being smart. they’ve given their proposals, and the ball is now in the R court. By not proposing lots of cuts, Obama is giving the R’s some political room to make a deal because whatever cuts are eventually made they will be able to take some credit for and look better to their base. Everybody’s got lots of donors and supporters to consider in the deal making process. Wish they didn’t have to do it that way and could just do what’s best, but until we get the money out of politics, the donors will drive the conversations.
December 1, 2012 at 6:18 pm #778585
hooper1961Memberelikapeka
entitlement spending was 20% of the national budget in the 70’s and is projected to grow to 50% in 2030. the *&^*% will hit the proverbial fan soon.
like i said austerity sucks.
December 1, 2012 at 8:21 pm #778586
JanSParticipantit doesn’t suck for you, if you benefit from the austerity cuts that you want to give me, and my minimum already income and benefits. Basically that’s what you want…right? Something for you….to make your life easier/better, your coffers more full…
you’re old, poor, can’t afford insurance, then die. You can’t afford food? Too bad, suck it up – bread and water for you! Your school age children can’t afford school lunches? Wow…then don’t eat, why should I subsidize that? So what if they can’t learn on an empty stomach. Nursing home?..privatize it (like it doesn’t already cost you everything you have)..you caused your own problems, and they have nothing to do with Hooper…am I reading this right?
December 1, 2012 at 9:00 pm #778587
c@lbobMemberWe should raise the maximum tax rate back to where it was when Saint Ronnie took office, close all business loopholes that have the affect of moving jobs off US territory and end any tax preference for foreign investment.
Then, the defense budget should be trimmed to a per capita amount equal to what it was in 1980 in todays dollars.
Defense should be for US territory, military power should be used to protect Americans where they live, if on US territory.
Then, quit nattering about SS and Medicare.
December 2, 2012 at 5:38 pm #778588
hooper1961MemberJanS – raising the retirement age affects everyone exactly the same!
December 2, 2012 at 5:49 pm #778589
JanSParticipantno it doesn’t…we’re simply not all the same…as some of the above posts allude to. Yes, the rule would be the same..but it would affect us all differently…
December 2, 2012 at 5:54 pm #778590
waynsterParticipantWell it seems Newt Gindrich doesn’t think there even is a fiscal cliff…….
http://blog.seattlepi.com/seattlepolitics/2012/11/30/newt-gingrich-there-is-no-fiscal-cliff/
December 2, 2012 at 5:57 pm #778591
JoBParticipanthoop..
and the people who end up on the streets choose to do so?
It’s way past time you stepped out of the world of should and took a look at the world as it is…
December 2, 2012 at 7:35 pm #778592
hooper1961MemberJoB – yes many people on the streets are there because they made bad choices.
JanS – you are correct women tend to live longer than men; thus SS benefits aught to take this into account!
December 2, 2012 at 9:46 pm #778593
JoBParticipanthoop..
Are you really as ignorant of the impact of the policies you promote on other people’s lives as you would have us believe?
you must be aware that women already receive less benefits than men because their wages are not equal to men’s and wages are what determines your benefits.
you must know that the poverty rates for senior women far exceed those for senior men…
and you would like to make that worse?
while you are on your high horse
i would like you to look around and ask yourself just what your life would like look right now if you hadn’t had whatever safety net it is that you have that kept some of your bad decisions from landing you on the streets…
because based on what you post, i can guarantee you have made some whoppers.
it really is true that you get out of life what you invest into it
and i am not talking just bank accounts
mean people lead mean lives hoop…
you might ask yourself if that is really the example you want to set for your children
because sooner or later you will have to depend upon them…
in the end.. we are all dependent upon someone
that’s if we are lucky enough to have someone to depend upon
December 2, 2012 at 9:56 pm #778594
DBPMemberBlooper’s Greatest Hits
You may remember some of these from the early years of the 21st century . . .
♪ Bike Lanes Are Stoopid
♪ Stop Subsidizing Buses
♪ No More ‘Special Ed’
♪ Raise Insurance Rates on Big People
♪ Retirement Starts at 80
Come join Blooper and the Angels of Austerity band as they kick off their “Charity Sucks” tour this Christmas Eve at the Showbox.
Tickets: $500 per person
(Extra for disabled and children)
December 2, 2012 at 10:06 pm #778595
megMemberAll over the globe, austerity sucks. From streets all over Europe, headlines are reading: “Austerity Sucks!”
Practically nobody (in the short term) benefits from austerity. Politicians don’t, cuz constituants hate them for it, voting them out. Old people don’t, for sure, cuz they want to spend now and push the invoice into the future when they’re dead or nearly so. Businesses don’t, particularly those who depend on government contracts. Perhaps bond-holders do benefit from austerity, at least to the degree their bonds continue paying and maturing and all is well in ratings land… pension plans hold lots of bonds, 401k plans, banks hold them, and governments hold them too.
If austerity IS implemented tho, the biggest beneficiaries will be the infants and little kids living today — damn, it’s too bad they can’t vote! When they grow up, they will not live their lives as OUR debt slaves, if we cut spending now. The younger you are, the more you stand to benefit, regardless of your class. So, care about kids’ future much?
Raising the SS age does impact everyone in the same way, however you can’t implement anything that doesn’t produce different effects in individuals. But that distinction isn’t a reason not to implement something. We have endless examples. Taxes, food, rain, cold, heat, laws, etc… almost any condition will *produce* a different effect for each individual, even when each condition is equally applied and distributed. This truth has always been so and will evermore be so. amen. :)
December 2, 2012 at 10:32 pm #778596
JoBParticipantmeg..
show me where austerity has actually worked..
the only thing that works is increasing revenue and you do that by increasing living wage jobs.
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