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L G[_44_] L G[_44_] is offline
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First recorded activity by BoatBanter: Jul 2011
Posts: 52
Default Obama destroyed the USA with DEBT

wf3h wrote:
On Thu, 14 Jul 2011 11:44:17 -0600,
wrote:


On 14/07/2011 1:04 AM, Califbill wrote:

"wf3h" wrote in message ...


HAHAHAHAHAH


Reply:
Freaking moron! You have zero knowledge of econ 101. Why you are crying
the blues about your finances. We can balance the budget buy cutting
spending. By at least 1.5 Trillion bucks. Those farmers making $990 an
acre foot profit on water are not minimum wage. Those Hedge fund
managers making $400 million a year and getting it as a 15% dividend are
no minimum wage. I said kill the minimum wage for any worker in the
workforce 10 years. If you can not earn more than MW after that time,
you do not deserve MW. Maybe that is your problem. Could not earn enough
for the employer for them to keep paying you.

Yep. I think fleabag math missed that when lowering interest rates it
lso allowed for companies to make less and keep shareholders happy. 0%
rates and a 3% profit isn't as taxable as say 6% rates and 9% earnings.
Like I have always said, the 2006 democrat congress adopting low
interest rates was the wrong thing to do. They cut their revenue
throats literally. All for the greed of fraud low interest rates and
perceived preservation of big fat government.

hey asshole. the biggest components of the deficit were the 2 tax cuts
for bush and the GOP, and bush's war

but bush is white...

he has NO idea where the deficit came from

but he knows the black ******* is responsible for it


Wasn't jsut companies. If you have a million in the retirement fund and
get 6% interest rates or big dividends you pay taxes. Guess what? at
sub 1% interest rates and less than 2% dividend yields you don't pay
much if any taxes.

gee. why are rates low?

because banks have all the money they need and aren't lending any.




Banks work on a margin - always have. And where do you think there
money comes from?