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  #21  
Old 09-13-2014, 12:27 PM
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Quote:
Originally Posted by nailer View Post
Bankruptcy will turn it off. The question is, how long can we borrow our money.
Had we elected Al Gore, it would have been in a lock box (or so he claimed). I believed him; look how well the internet is working or Al Jazeera. Instead we had a Supreme Selection.
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  #22  
Old 09-13-2014, 12:31 PM
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Originally Posted by nailer View Post
Bankruptcy will turn it off. The question is, how long can we borrow our money.
We could go back to those halcyon days of Ike Eisenhower and the concomitant tax rates for individuals and corporations.
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  #23  
Old 09-13-2014, 12:32 PM
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Perhaps the Fed can put interest rates back up to 6% so that all those old folks whose savings are usually in interest bearing securities and not in the Wall Street Casino might be better off.
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  #24  
Old 09-13-2014, 12:35 PM
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Originally Posted by merrylander View Post
Perhaps the Fed can put interest rates back up to 6% so that all those old folks whose savings are usually in interest bearing securities and not in the Wall Street Casino might be better off.
Sounds like you're in favor of resurrecting Glass-Steagal.

Me too.
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  #25  
Old 09-13-2014, 12:54 PM
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Originally Posted by bobabode View Post
We could go back to those halcyon days of Ike Eisenhower and the concomitant tax rates for individuals and corporations.
I haven't forgotten the far as the eye could see budget surpluses that we had under Clinton. Nor have I forgotten how George W. Bush gave it all away many times over in tax cuts to millionaires.
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  #26  
Old 09-13-2014, 12:58 PM
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Originally Posted by Tom Joad View Post
I haven't forgotten the far as the eye could see budget surpluses that we had under Clinton. Nor have I forgotten how George W. Bush gave it all away many times over in tax cuts to millionaires.
IIRC that despicable old poser St. Ronnie of RKO did the same.
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  #27  
Old 09-13-2014, 01:02 PM
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Ah the false debt crisis...let us not fix society we are gonna be broke someday!
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  #28  
Old 09-13-2014, 01:02 PM
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Originally Posted by bobabode View Post
IIRC that despicable old poser St. Ronnie of RKO did the same.
I also remember what Gore said about Bush's proposed tax cuts during the 2000 campaign.

http://abcnews.go.com/Politics/story?id=123062

Quote:
Gore is highlighting his own tax cut proposal while continuing to portray his opponent’s as a “risky scheme” that would squander the projected budget surplus, jeopardize the booming economy and disproportionately benefit the wealthy.

“They would focus the benefits of a giant tax cut on the wealthy at the expense of everyone else,” Gore told supporters at a rally in Quincy, Ill. this afternoon, “We don’t begrudge the wealthy a tax cut, but if it puts our economy into deficits again and offers just peanuts to middle class families … that’s not a good deal.”

Bush has proposed an across-the-board reduction in marginal income tax rates, which his economic advisers claim would cost $1.3 trillion over 10 years. But the Gore camp pegs the 10-year cost of the Bush plan at $2.1 trillion, and argues that such a sweeping tax cut would make new spending in vital areas such as education and health care impossible.

The vice president has offered a more modest half-trillion dollar tax cut plan that includes tax credits for education costs, retirement savings and health and child care costs. Gore says his approach would provide greater relief to middle class taxpayers than Bush’s proposal.

“I’m not going to stand for it,” he said of his opponent’s approach. “I will never support a tax cut for the wealthy at the expense of everyone else, that wrecks our economy in the process … I favor, instead, tax cuts for middle class families.”
He pretty much called it right didn't he?
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  #29  
Old 09-13-2014, 01:07 PM
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Originally Posted by Tom Joad View Post
I also remember what Gore said about Bush's proposed tax cuts during the 2000 campaign.

http://abcnews.go.com/Politics/story?id=123062



He pretty much called it right didn't he?
Indeed he did and the wingnuts have been hounding his ass ever since. Same as they do with a certain Georgia peanut farmer.
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  #30  
Old 09-13-2014, 01:18 PM
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Originally Posted by bobabode View Post
IIRC that despicable old poser St. Ronnie of RKO did the same.
I voted for him twice.

Little did I realize that he was laying the groundwork for the destruction of the American middle class.
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