Comments on: Extending tax cuts eliminates uncertainty Grow your own Thu, 26 Mar 2015 12:32:24 +0000 hourly 1 By: IAN60 Fri, 17 Dec 2010 01:38:10 +0000 I was thinking earlier today that the current economic environment coupled with the ever aging baby boomers creates a perfect environment for our leaders to further manipulate the populace by their favorite tool, creating fear. The author uses the concept of “uncertainty” as the basis for her decision making. Uncertainty of the future sure sounds like fear to me. So once again our “leaders” promise to create cuts to extend unemployment, tax cuts to the middle class and of course the rich get a huge cut. So we all line up and support this bad plan so we can have abit more “security” in our pocket,it drops our personal anxiety abit and allows us to turn a blind eye that our country continues to spend without the means to pay and from my perspective we continue to allow our leaders to dangle a carrot of security so we can later complain in private about the debt, poor policy ad how “they” whoever they are are ruining our country. I agree with a previous posting that everyone knows the country is broke. Unfortunately all of us are in on it, waiting in line for our portion of the unemploment check, entitlements is the rule of the day, cut someone elses but not mine…uncertainty, fear, its all about each of us wanting our part regardless of the effect on the Nation. Our leaders depend upon it.

By: mysteryroche Wed, 15 Dec 2010 16:14:51 +0000 The thing I find interesting about this is the whole way that everyone phrases the discussion. Tax cuts for the rich? This makes it look like the rich get a free ride when it’s already a graduated income tax in which a large portion of the population pay nothing, zero, zilch. Also, the use of the word cut. The tax rate wasn’t always this high, so why don’t we phrase the discussion as repealing a past tax rate increases?

Tax policy is a very complicated matter. However, if you want to simplify the discussion, use W.’s words. If you leave the cookies out on a plate, somebody is going to eat them. The question is at what point is the government starving and at what point is it a disgustingly fat pig. Me thinks it has gotten a bit to chubby in the past fifty years. A little forced diet could do it some good.

By: RWPHILLIPSNC Wed, 15 Dec 2010 15:06:27 +0000 Wish the Congress would get serious about an overhaul of the entire tax system. Dump all the exclusions and exemptions. Make it simple.
AND somehow forbid Congress from posting ear-marks to every piece of legislation. Even this new tax bill sucked in ear-marks. Exact number I do not re-call, but hundred.
Congress is voting on tax cuts while dispersing ear-marks for re-election. Did not 2010 election say anything to these folks?

By: Pumpkin731 Wed, 15 Dec 2010 15:06:04 +0000 Continuing monetization of our debt to fund the Bush era tax cuts, which enable the rich to get richer while throwing crumbs down the food chain, becomes a relative pittance compared to the pork stuffed 2011 Federal budget. Ultimately it doesn’t matter, we’re only printing a few more minutes of facing reality.

Even the counter personnel at McDonald’s know this country is bankrupt. Washington continues to behave as if it ain’t so. psychosis [saɪˈkəʊsɪs] any form of severe mental disorder in which the individual’s contact with reality becomes highly distorted.

The Fed will continue printing money, until it can’t. When they can’t, everyone will understand very clearly how food stamps, unemployment checks, and medicaid/medicare have kept 80+ million Americans from going postal.

Note – Recently it took a whole 168 hours for the Treasury to issue bonds to Primary Dealers (who bought them with money borrowed for near zero interest from the Federal Reserve) and Primary Dealers to sell them to the Federal Reserve for millions in profit. Why doesn’t MSM report THIS as a headline story? (Yes, I know this is a rhetorical question).

By: Tom_MacKnight Wed, 15 Dec 2010 11:12:23 +0000 No matter how you look at it, extending the Bush Era tax cuts is bad news for America’s future. These very tax cuts were hotly contested when they were first enacted. They were passed using the premise that they would only be for one year. Here we are years later still hooked on this crazy form of political free lunch. What flashes through my mind is the cover of an old John Lee Hooker Album. It was titled, “Free Beer and Chicken.” The cover art depicted throngs of people rushing through Heaven’s Gate, I’d suppose to get the free stuff. We simply can’t afford any more free lunches here in America. It’s time for Austerity to arrive here in the land of the free and home of lovers of Free Beer and Chicken!