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On Mon, 11 Apr 2011 22:00:42 -0400, wrote:

On Mon, 11 Apr 2011 15:43:33 -0700, wrote:

On Mon, 11 Apr 2011 17:27:29 -0400, wrote:

On Mon, 11 Apr 2011 12:18:34 -0700, wrote:

You keep saying the richest 400 people. Do you really think there are
only 400 people in the US who make more than $250K per year????

No that is about 5 million but that curve from 250k to the top 400 is
a hockey stick.

I would like to see them dump all of the Bush tax cuts but most people
only want to see the taxes go up for people who make more than they do
and assume that will fix the debt.

Dumping the tax cuts are fine eventually. Not now. Not for the middle
class. Dump them for those who make more than $250K. It's a good
start, but you deny that.

I only deny that limiting this to people who make more money than you
will not make that much difference. In this case the difference is
about 10% of the whole tax cut.

More than me? Your figures are wrong. It will make a huge difference
even if you don't want to accept that.

OK I am wrong but the FACTS are the tax on $250k will get us 70
billion a year, assuming they actually pay it (no tax avoidance
schemes)
The tax on the $250K is $300 billion a year (the total tax cut costs
$3.7T over 10 years) so it is 18.9%, not 10%

So when you look at the whole thing, assuming we went back to the
Clinton levels, it would only cover about 24.6% of the deficit.
$370B vs a $1.5T deficit)

You continually claim that the argument being made is that it'll fix
the debt. Nobody is making that claim. Another diversion and lack of
facts.

I hear it every day by guys like Bernie Sanders. They blame the whole
budget crisis on the Bush tax cuts and use platitudes like "going back
to Clinton tax rates when the budget was balanced".
I agree we should go back to the Clinton tax rates and I have said
that repeatedly. I also point out it won't make a dent in a $1.5
trillion dollar deficit.

A huge percentage of the problems can be laid at the feet of the Bush
admin. Sorry if you're not willing to admit it.

Changing the subject again?
I agree. Bush was a huge part of the problem but he had a congress
that actually spent all of that money. If the president could actually
spend money, we wouldn't have all of this shut down the government
talk.

The point is, even if there were no Bush tax cuts, we would still be
well over a trillion in the hole.($1.13T)

If Bush was a huge part of the problem, then Obama, oh and the House
Republicans need to come to a reasonable agreement about how to fix
the problem. Claiming that it all has to be fixed immediately is
nonsense, right wing fear mongering.

Even assuming your number of $70B a year is right (who knows, since
you continually make up facts). The right wing just went down to the
wire about social programs and $1B. That's so adult of them.

The $700b over 10 years is straight from CBO (the cost of the tax cut
on $250k people) and it is widely reported., You will get a dozen
hits if you google it.

They certainly have to start fixing this problem pretty soon. You do
understand, most of the $4 gas is because the world has devalued the
dollar. If we don't get a handle on this debt that will only get
worse. Why would anyone loan us money at a percent or two when the
money we will be paying them back with is losing value faster than
that. You can continue in your blissful denial but remember where you
heard it. We are rapidly approaching the tipping point and the only
solution from both sides of the aisle is borrow more money.

So, now you believe in the CBO. Previously that wasn't the case. Which
is it?

Most of the $4 gas is uncertainty driven. Sorry if that doesn't mesh
with your view of Obama and/or the Democrats.