Perry throws in the towel

[David Newman]

Originally Posted by d-ray657

Not quite sure how many dependents you had then Rob, but there were things like the child tax credit; indexing of the personal exemption that gave families with children a bigger tax break.

Regards,

D-Ray

Yessir. I could see how someone in Rob's position may have a significantly different impact.

There are calculators online that can give you a quick comparison of what you would pay in taxes with the Dems plan, the Republican Plan, or simply with the removal of the Bush Tax plan altogether. It's an interesting comparison, for sure.

[David Newman]

Originally Posted by merrylander

Excuse me but what Recession? I must have slept through it.

It unofficially started with the collapse of the technology bubble but officially was classified as recession in early 2001. EGTRRA was established to curb it but it was quickly followed by 9/11 which kept us in recession for longer than analysts had expected.

Granted, it wasn't the sort of recession we've experienced over the last couple of years, but it certainly did exist.

[d-ray657]

Originally Posted by David Newman

Yessir. I could see how someone in Rob's position may have a significantly different impact.

There are calculators online that can give you a quick comparison of what you would pay in taxes with the Dems plan, the Republican Plan, or simply with the removal of the Bush Tax plan altogether. It's an interesting comparison, for sure.

The child tax credits were nice, but with two in college, the Making Work Pay and Hope Credit in '09-'10 are big reasons we were able to keep our heads above water. Miss that Making Work Pay this year.

Regards,

D-Ray

[Charles]

Originally Posted by David Newman

Gotta take the shots when they present themselves. Had I known then what I know now about economics, I would have pursued a degree in economics. It's a relatively recent interest of mine.

I became interested in economics several years ago after I discovered Comprehensive Annual Financial Reports (CAFR), which are hidden in plain sight. Try to get someone who is familiar with them to talk about them.

That, and whenever I became aware of the fact that the Federal Reserve has about as much in common with the government as Federal Pacific.

FYI, if you have a Federal Pacific service panel in your house, it needs to be replaced. FP faked their data to get a UL listing, and have since been decertified. They are a known fire hazard. So much for my good deed for the day. I'm also making a less than sly comment about fraudulent behavior.

Anyhoo, I know why the nation cannot retire it's debt, and also understand why we are unable to return to specie.

I'm not as down on the Austrian School as you, but also not as enthusiastic about the Keynesian School as well. Both have their limits, IMHO.

And while fiat currency makes the big wheel go 'round, not to mention it's the only game in town...I can't help but feel like a sucker whenever I trade the sweat of my brow for a piece of paper with a number written on it. Especially when it's value can be altered by those who I have little to no control over.

I do know one thing. If you write an IOU in a poker game and can't cover it, you're gonna leave wearing a barrel, it you leave at all.

Unless you're dealing with a bunch of dolts who will accept your script with good faith. All you have to do then is add enough zeros to it until you can buy every hand.

Perhaps not the perfect analogy, but it's close enough for government work.

Chas

BTW: Watch out for Finn, he has either a BA or MA in economics...and he holds his cards close to his vest.

[Charles]

Originally Posted by d-ray657

The child tax credits were nice, but with two in college, the Making Work Pay and Hope Credit in '09-'10 are big reasons we were able to keep our heads above water. Miss that Making Work Pay this year.

Regards,

D-Ray

Meebee if you wuz to quit dicking around all day on Political Chat and do a little work, I wouldn't have to cover your end of the ticket with the Federales.

Damn gubbmitt don't give me nuttin but a hard way to go and a bill in the mail!!!

Chas

[Bigerik]

Dave and Charles,

Can you gents recommend a good book or two I should read to get more up on what you are talking about. All fascinating stuff!

[Charles]

Originally Posted by Bigerik

Dave and Charles,

Can you gents recommend a good book or two I should read to get more up on what you are talking about. All fascinating stuff!

Here's something that don't cost nothing.

http://www.youtube.com/watch?v=JXt1cayx0hs

And a variation on the theme.

http://www.zerohedge.com/article/sec...mplex#comments

I think both are done by Bill Still, who I think is a Libertarian...don't quote me on this. You should be able to glean something from them, but keep an open mind.

As far as a book goes.

http://www.amazon.com/Creature-Jekyl.../dp/0912986212

Be forewarned, Griffin is a member of The John Birch Society. But it is an interesting book, and contains enough history that it bears to be read more than once. Keep an open mind as well. And don't sell the Birchers short, by and large they're not as they are portrayed as.

I'm not sure how David will view my selections, but they are for the layman, and will provide you with enough knowledge to further pursue this subject.

Actually, I'm quite interested in any selection he may suggest.

You realize, of course, that this is one of those disciplines in which the more you learn, the more you can appreciate just how little you know.

It's the guy who has all of the answers who doesn't know shit.

Chas

[Rex E.]

Originally Posted by Charles

That, and whenever I became aware of the fact that the Federal Reserve has about as much in common with the government as Federal Pacific.

This always shocks me how folks know nothing about the Fed. I remember raising my hand in Gov't class way back when I was 18 when the teacher asked if their were any topics we would like to discuss, I said "the Federal Reserve" and he said, "this is the wrong class for that discussion".


We've never really been free of the Crown or the Europeans. Interesting that we let foreigners dictate what our paper money is worth and most have no clue about it.

[Charles]

Originally Posted by Rex E.

This always shocks me how folks know nothing about the Fed. I remember raising my hand in Gov't class way back when I was 18 when the teacher asked if their were any topics we would like to discuss, I said "the Federal Reserve" and he said, "this is the wrong class for that discussion".


We've never really been free of the Crown or the Europeans. Interesting that we let foreigners dictate what our paper money is worth and most have no clue about it.

I was different when I was 18.

I slept in class, mainly because I had a hangover. And the teachers knew better than to wake me up, kinda a "let the sleeping dog lie" thing.

Had they taught me something I found interesting, I would have paid attention...hangover or not. And whenever I went to college, and worked evenings and paid my own way out of my own hip pocket, I was even less impressed.

But I always was a hard head, any very few could reach me. I guess if a teacher made things interesting enough to gather my attention, the school board would have ridden them out of town on a rail.

Chas

[Twodogs]

Originally Posted by Rex E.

I'm sure Newt will convince Paul to join him as independant just to make sure no repub wins at that point. It's his football and he damn sure better be QB

Not gonna happen mang. As big as the egos are, nobody will risk being the American that put Berry in for 4 more. Paul has already said he won't at least once.