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apogee
climber
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Jul 22, 2010 - 02:03pm PT
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I swear, every time someone asks that question, the republagumbys get real quiet, and slink back to their slimy holes.
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lucaskrajnik
Trad climber
Anchorage, AK
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Jul 22, 2010 - 02:20pm PT
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It takes time for the smell of s#it to permeate through the layers.
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Daniel Eubank
Sport climber
Woodbridge, VA
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Topic Author's Reply - Jul 22, 2010 - 02:22pm PT
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appogee said:
'Yawn. Eubank, you do realize that a thread like this has been tried before and failed mightily?'
Congrats, Eubank- your thread has hit 21! Only 24537 more posts to catch up....
------------
Congats, apogee - your posts have helped to put this thread to the 100 posts mark...
http://danieldeubank.wordpress.com/
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Daniel Eubank
Sport climber
Woodbridge, VA
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Topic Author's Reply - Jul 22, 2010 - 02:27pm PT
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Dr. F = Dr. Flame
Wisdom is only found in truth.
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apogee
climber
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Jul 22, 2010 - 02:30pm PT
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"your posts have helped to put this thread to the 100 posts mark..."
I learned a long time ago on these threads that if you can't beat 'em, join 'em!
Edit: We'll see how long it lasts, though- every other similar thread has eventually withered.
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apogee
climber
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Jul 22, 2010 - 02:33pm PT
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Come on, Eubank...differentiate yourself from every other Repug Droid who frequents these threads, and validate all of your fearmongering, paranoid FauxNews talking points:
Name one negative thing that has occurred to you that is entirely due to an Obama Administration policy.
Just one.
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Fat Dad
Trad climber
Los Angeles, CA
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Jul 22, 2010 - 02:35pm PT
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apogee, Eubank can't. There's just no there there. The man just has nothing intellilgent to say.
I propose a new title for this thread: "Which came first, the Republicans, or the lies that spawned them?
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Douglas Rhiner
Mountain climber
Tahoe City/Talmont , CA
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Jul 22, 2010 - 02:39pm PT
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Wisdom is only found in truth.
Then you are not very wise.
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apogee
climber
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Jul 22, 2010 - 02:39pm PT
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Fat Dad, per your suggestion, I tried starting a thread with the title:
Which came first, the Republicans, or the lies that spawned them?
It wouldn't fit- it got cut off at: ...spaw
Still, it's good idea for another polititard thread.
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apogee
climber
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Jul 22, 2010 - 02:41pm PT
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Eubank, are you still there? Or are you out searching the rightwing whackjob blogosphere for another teabagging cut and paste list of republagumby droid rants?
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Fat Dad
Trad climber
Los Angeles, CA
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Jul 22, 2010 - 02:48pm PT
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Dr. F, thanks. My skin crawls at the thought I might be confused with Fatty. Brrr.
Anyways, Eubanks cut and paste the following:
Through the end of this year, the federal estate tax rate is zero — thanks to the package of broad-based tax cuts that President Bush pushed through to get the economy going earlier in the decade. But as of midnight Dec. 31, the death tax returns — at a rate of 55% on estates of $1 million or more. The effect this will have on hospital life-support systems is already a matter of conjecture.
Wrong. As an estate planning lawyer, I can tell you that the law regulating the estate tax rate--EGTRRA, which went into effect in 2001--specifically directed that the estate tax credit would gradually increase over a ten year period, be phased out altogether in 2010 and then drop back down to $1 million in 2011. While that drop may happen during Obama's presidency, clearly the law was enacted while a Republican was in office. Also, Obama has been pushing to keep the credit in effect in 2009--$3.5 million--which is what he said he would do when campaigning. The House approved a version of a bill to do that before the end of this year.
While it's waiting for Senate approval, nothing has been approved because the Repubs are holding off in an effort to repeal it entirely, which benefits who...the VERY rich. In other words, rather than enacting a reasonable credit of $3.5 million (which still allows wealthier families to easily double that amount and engage in means of avoiding or limited tax), the Repubs are risking the credit dropping to $1 million because they've been unwilling to accept the $3.5 million on the table.
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Douglas Rhiner
Mountain climber
Tahoe City/Talmont , CA
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Jul 22, 2010 - 02:59pm PT
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What I find interesting is those who continually preach self-sufficiency and being a productive member of society have issue with the estate tax.
Shouldn't EVERYONE be self-sufficient? Even those that are the off-spring of wealthy individuals?
I believe the word is Nepotism.
If you have sooooo much money that you are worried about where it goes once you are gone, endow it to truly worthy causes that make the planet a better place and tell your kids to work hard and do the same - just don't sit there and wait for your parents to die so you can live a "good" life.
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Karl Baba
Trad climber
Yosemite, Ca
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Jul 22, 2010 - 03:15pm PT
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Coz wrote
He is slowly draining the money from the wealthy so they have no dough to spend on tourism, construction, homes, etc etc. Driving the dept so high, with his fantasy, that just about every country in the world is telling him to stop.
Just what has Obama done that has drained the wealthy?
The rich have never been richer, compared to the rest of the country, than right now
How how did the debt get so much higher? Bailing out the wealthy from the economic crash left over from the Bush Administration. Bush inherited record surplus and left record deficit and an economy ready to meltdown. Obama rescued the rich with borrowing. Maybe it was stupid but it wasn't for entitlements and homeless shelters. It was for Goldman Sachs.
peace
Karl
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michae1
Gym climber
san jose
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Jul 22, 2010 - 03:49pm PT
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no need to name call , it doesn't validate a point any more then yelling
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couchmaster
climber
pdx
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Jul 22, 2010 - 03:50pm PT
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I have not posted the other one and just wanted to get in early....
..?....
well...... here I am!
Woot!
I only want to say that the difference between the dems and repubs seems to be this:
Democrats are for taxing and spending: -taking the country into the shithole.
Republicans are for borrowing and spending: taking the country into an even deeper shithole.
Clinton was the exception. I see little difference between Bush and Obama - they BOTH seemed intent on spending our country into hell. Samesame NO DIFFERENCE! I bet that both of their wives handle their finances. Our children will be paying for this craziness. Time to vote libertarian and reduce the size of big government.
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apogee
climber
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Jul 22, 2010 - 04:04pm PT
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"Time to vote libertarian and reduce the size of big government."
As soon as they come up with a candidate who is truly rational and not too whacked, I'll consider it. Ron Paul is a long ways from that, though.
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apogee
climber
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Jul 22, 2010 - 06:34pm PT
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"He is cutting defense spending around the board. Believe or not."
Proof?
Besides the fact that you didn't get that special ops contract?
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Karl Baba
Trad climber
Yosemite, Ca
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Jul 22, 2010 - 07:16pm PT
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Kudos if Obama cut the military budget (although he hasn't) Maybe a few wasteful programs could go.
Fact is, we could spend trillions and not beat a few thousands guys like the Taliban who are defending home, and don't mind dying. We spent TONS trying to get ahead in Afghanistan, one of the poorest country in the world, that had almost no military, no air force, no navy and it's been 9 Years.
And yet, we have Zero worry about being invaded here. so why waste lives and money screwing with countries that can't reach us? Don't say 9-11. We could have beat that with cockpit doors and better visa officials.
peace
karl
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apogee
climber
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Jul 22, 2010 - 07:24pm PT
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"Kudos if Obama cut the military budget (although he hasn't)"
Karl, do you have access to any of the gov't reports that demonstrate the consistency (increase, if I remember correctly) in military spending under Obama? They have popped up repeatedly in other threads...
"And yet, we have Zero worry about being invaded here."
No, we don't, but Coz is worried sick that the reason he lost his Special Ops contracts is because Obama cut military spending. Maybe it's something else...?
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Seamstress
Trad climber
Yacolt, WA
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Jul 22, 2010 - 07:39pm PT
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Democrats believe that "rich" folks employed exist to pay taxes so they can buy votes for their reelection. What they don't understand is that they are creating a climate where one questions why should I work? and why should invest my money in the US?
Example: Child going to college. If husband works (construction), then we move to higher tax bracket, can not qualify for education credits, can not get subsidized college loans, can not put money into IRA, get charitable deductions limited, etc. As a financial professional, it was very easy to run the numbers and conclude that husband should work on our house and not make taxable wages. Thus no income tax on his wages, no social security, and we get to drink of tax preference nectar.
Example: Energy policy in total disarray. For months there was no energy policy in place. Thus my company took its multi-billion dollar construction program and diverted its construction plans to other countries and scaled back its US investment for calendar 2009 and 2010. Once the ITC was in place and a project successfully pushed through that regulatory process last summer that the corporate parent felt comfortable enough to reallocate investment dollars to the US. So for 9 months no new projects were approved for the US. The ITC expires at the end of this year, so we will not begin any new projects in the US until the next policy is passed. So renewable energy development continues to be dissaray despite the public lip service to green development. Does it matter? Yes, it does to the farmer and rancher who hoped to supplement their agricultural business with royalties on windfarms. It matters to the construction companies that build these windfarms. It matters to the man studying to become a wind technician and make a living wage job in rural America. It matters to the US staff coordinating the projects and delivering the green power to the grid. In the meantime, the practical buraucratic obstacles remain in place. The transmission grid can't handle it, the govt agencies enact punitive policies towards renewable power because they can't manage it like traditional power sources (imagine that - the wind doesn't blow 100% of the time at the same speed). Democratically controlled states renege on tax credits to support green power and corporations which bought tax credits find the rules changed so that they can't use those credits, suffer public humiliation for not paying taxes, and won't buy our tax credits again. The public at large buys the 30 second sound bite and doesn't look at the big picture. Company X didn't pay taxes in Oregon....and fails to see that they bought tax credits for wind development in the state that allowed several farmers to keep their land, bring in great construction and operations jobs, royalties to the tax base, etc.
As long as Obama sees business as the enemy, jobs creation will sputter.
There is an end to the game. Now that 50% of all filers do not pay taxes, the well is going to get dry pretty quickly. The majority has no problem inflicting more taxes on the minority and declaring them "rich", so selfish for hoping to keep some of their earnings. Marginal tax rates are getting very high. Instead of redistributing wealth, you are getting less wealth creation and a smaller pie to share.
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