Sean, it is you that needs to study the tax plans, and quit reading Truthout.org, the Daily Kos, Democratic Underground, and ask yourself. how in the Hell will Senator Obama and the Democrats fund a health care program, lets just put the number at 46 million people? The truth is, that Senator Obama plans on creating a new federal bureaucracy that will finance 300 million individuals' health care plan. Not to mention the numerous social programs that Senator Obama is suggesting, which is off subject. The fact is, that the tax plan for 95 percent of Americans that Senator Obama is pledging, does not apply to Americans who are "S" Corporations, or who do not make over 23,000 a year. The rest of us, better get ready to divvy up!! That is Senator Obama's tax plan my friend, and if you have read anything else, it is HORSE HOCKEY!!!
On Sep 17, 11:48 pm, VT Sean Lewis <[EMAIL PROTECTED]> wrote: > Point three dumb ass is almost the exact tax plan Obama is > advocating for, stop listening to Limbaugh and READ for a change. > It is helpful to know the facts you are ignorant of so you do not look > like a fool. > > On Sep 17, 4:14 pm, "Keith In Tampa" <[EMAIL PROTECTED]> wrote: > > > > > This is ignorant for a number of reasons, but lets start with the major > > premise of why you are misguided: > > > (1) "The bottom line the Bush Tax Cuts are the main cause......The Bush > > Tax Cuts did not fulfill any of the claims promised". How did you come to > > such a conclusion, and what objectives is it that you believe the "Bush Tax > > Cuts" were to fulfill? > > > The truth is, that businesses and individuals, but in general, a free > > market economy stagnates with a high, progressive income tax. This has > > proven time and again, as we saw during the end of the Clinton > > Administration, when the economy begin to falter and tank in the late > > 1990s. The truth is, that the United States government collects more money > > when the tax rates are lower. This has always been the case, since we have > > had a progressive income tax from the 1920s. So, in essence, you are > > incorrect on this assessment. > > >http://www.heritage.org/research/taxes/wm327.cfm > > > (2) "The age at which retirees can claim benefits must be extended by one > > month a year and benefits will have to be means tested." > > > The age retirees can claim benefits are already at 67 years. I am 51, and > > at least that is when I can start drawing benefits. In essence, the > > government has already done this. Old news..... > > (3) "The alternative minimum tax must be raised to exclude individuals > > who are single at $120,000 and Couples to $200,000. (middle class > > tax break)" > > > Geez Sean, you are sounding like a conservative! The Democrat Party would > > have your head for suggesting such a tax plan, and their "ain't no way" that > > the socialists will go with such a plan! Republicans, probably, but > > Senator Obama and a Democrat controlled Congress? Forget about it! > > > Finally, the one sentence in your epistle that I can agree with, is fiscal > > consevatism, and this statement: > > > (4) "Government spending must be reduced and pay/go instituted." > > > This sums it up in a nutshell. The pork, and all of the earmarks that the > > socialists (and some fiscally irresponsible Republicans) have pushed for > > must cease. We need to do away with numerous federal entitlement programs, > > as well as a number of bureauracracies, such as the Department of Education, > > the Department of Homeland Security, the Federal Department of > > Transportation, the list goes on, but these federal entities that should be > > at the state and local level need to be eliminated at the federal level! > > > I don't see anyone clamoring for a return to our Constitution, but that > > would clear up the deficit spending in the course of a year, and do a good > > bit to wipe out the Federal debt within five years. > > > First, the "Bush Tax Cuts" > > > On Sep 17, 1:19 pm, VT Sean Lewis <[EMAIL PROTECTED]> wrote: > > > > The Cascade Effect, the collapse of the US economy. > > > How did it happen, and how do you stop it. > > > > September 17, 2008 > > > Sean Lewis > > > > I have been writing about this before the Iraq invasion. > > > > I had hoped that if I wrote about it, someone would have > > > heard the warning and avoided this financial collapse. > > > > The bottom line the Bush Tax Cuts are the main cause. > > > > The US government needs income to run. > > > > Without the income the US government must borrow funds > > > from other sources. > > > > The more the US borrows, the higher the US Debt goes and > > > the larger the payment on the Debt Interest becomes and the > > > more money the US needs to borrow, > > > > The double edge is that as the Debt grows the faith in the US > > > Economy and the US Dollar declines. > > > > The US dollar has fallen by almost half against every major > > > currency. > > > > The Bush Tax Cuts did not fulfill any of the claims promised. > > > > More money to the rich did not stimulate the economy, did not > > > create 15 million jobs, did not balance the budget or lower > > > the debt and did not increase revenues. > > > > When people make more money than they need they keep it, > > > they do not give it away. Greed creates Greed. > > > > The increase in revenue came from the increased profits from > > > abroad either from exports or profits from US international companies > > > taking advantage of the US currency drop and padding their > > > Earning Reports with profits made overseas. > > > > Add to this mix US companies exporting not only jobs but > > > entire industries overseas to maximize profits at the cost of US > > > citizens and you have the second leg of the collapse. > > > > The American middle class, the true engine of the US economy was > > > under siege. > > > > Americans were losing their jobs at the same time interest rates were > > > rising and core inflation WITH food and fuel were exploding higher. > > > > Interest rates were rising so that Foreigners would buy the US > > > Treasuries > > > to finance the DEBT. Unfortunately the American middle class had > > > Adjustable > > > Rate Mortgages tied to the interest rates. So American Mortgage > > > payments > > > increased beyond their ability to pay. > > > > Foreclosures began, and created a falling real estate market. The > > > more > > > foreclosures the more home prices fell. Middle Class Americans had to > > > make a decision, sell their homes at a lost or hold on in hopes that > > > things > > > would turn around. > > > > Unfortunately not only did things NOT turn around, things became > > > worst. > > > > The Fuel from Food program accelerated the decline of the economy. It > > > created a spike in grain prices and food costs and did little to > > > reduce the > > > price of oil products. > > > > The new law making bankruptcies harder and also no longer protecting > > > people from losing their homes, which means Americans could not > > > attempt any financial remedies to restructure their debts. > > > > Financial institutions looking for a new way of making money, linked > > > up with mortgage brokers to securitized loans in early 2001 to 2003 > > > with creative vehicles such as no money down, interest only, 5 year > > > balloon ARM's. > > > > Everything looked good on paper but was hinged on one thing, the > > > continued > > > strength of the Middle Class, which I have shown was under heavy > > > siege. > > > > As America's fell behind on their payments the securitized mortgages > > > were > > > not receiving payments so began to lose value. As the housing market > > > continued to collapse so did the securitized instruments. > > > > So here we are. I streamlined this, there were a few other issues, > > > irresponsible spending, off budget expenses of two wars and Katrina. > > > > How do we fix it? > > > > Painfully. > > > > There is no easy fix. > > > > The US Debt most be reduced. The economy must be stimulated. > > > The middle class most have jobs. The long term costs of Medicare > > > medicaid and social Security must be addressed. > > > > The tax cuts must be rescinded. > > > > Government spending must be reduced and pay/go instituted. > > > > The age at which retirees can claim benefits must be extended by one > > > month a year and benefits will have to be means tested. > > > > The alternative minimum tax must be raised to exclude individuals who > > > are single at $120,000 and Couples to $200,000. (middle class tax > > > break) > > > > Social Security taxes need to be raised to 12.5% split between > > > employer and employee and also raised to include the first $200,000. > > > (I need to double check this percentage it may be less) > > > > Businesses will receive tax breaks equal to the gross expense of > > > bringing US jobs BACK to the US for 7 years of continuous employment > > > of the position as long as the net jobs of employed are increased by > > > the same number of jobs at the job site. > > > > Health Care should be bottom up. > > > > $10,000 of health credits per tax payer for preventative care. The > > > individual Must get a physical check up each year or lose a portion of > > > the benefits. Give the Taxpayer a lifetime Budget of $250,000 for > > > medical care of their choosing. Pro rate this by age 18 to 72 at the > > > start of this program. > > > > The way to keep medical costs down is early treatment. If a person > > > does not address a medical problem reduce their benefits. > > > > This is not to REPLACE medical insurance but to give a minimum level > > > of medical care. > > > > All of the above is the medicine to get the country back on track. > > > > Ending the tax cuts to the rich will lower the debt, which will > > > strengthen the US dollar, which will mean oil will cost less, which > > > means inflation will go down, which means core inflation including > > > food and fuel will diminish, which means the economy will become > > > stronger because US workers will be able to afford to buy > > > discretionary products, which will employ other Americans who will > > > now > > > have jobs so they will not lose their homes which means the housing > > > market will stabilize, which means banks will be more solvent, which > > > means money will once again become liquid which means loans for > > > investments will once again become available which means industry > > > will > > > grow which means increasing GDP growth and more jobs- Hide quoted text - > > > - Show quoted text -- Hide quoted text - > > - Show quoted text - --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. 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