PSX5Central
Non Gaming Discussions => Off-Topic => Topic started by: Eiksirf on January 21, 2009, 11:46:44 AM
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From CNN
The new president has also promised swift action on the beleaguered economy. House Democrats, at Obama\'s urging, have signed a $825 billion economic recovery package that the president says will save or create up to 4 million jobs and invest in health care, energy and education.
House Republican leaders, however, asked to meet with Obama on Thursday to offer major changes to the recovery proposal.
"The challenge as we see it is to create a plan that helps middle-class taxpayers and small businesses without wasting money or exploding our national deficit," the leaders wrote in a letter to the new president.
Rep. Paul Ryan, the top Republican on the House Budget committee, argued that the main tax provision in the Democrats\' plan -- cutting payroll taxes -- was not an effective way to jump-start the economy.
House Republican conference chairman Mike Pence declined to say whether the Democrats\' package would get any Republican support if it didn\'t change significantly.
Leaving more money with citizens doesn\'t help jump start the economy?
Obama has talked about cutting programs that aren\'t working, which is another good idea. And he "said he would issue a pay freeze for his senior staff" which sets a good precedent. Hopefully this leads in general to less government spending and lower taxes. If they cut spending more than they cut taxes, they\'ll be able to start paying off our deficit, too, which has to be in the long term goal, hopefully.
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I hope payroll taxes get cut, I\'m losing about 50% of mine every month to the government. This is why I get so angry when I see people who don\'t pay taxes, and worse so when I see people get tax credits. WTF did I do wrong?
Hopefully Obama fixes this.
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This is truly amazing.
Back before FDR\'s time, the Repubs were today\'s Democrats. They were the "new money". The guys in Wall Street. They were the abolitionists before that.
Then things switched during the Great Depression. FDR went for SS funding, Repubs went nuts. Dems were like, fine. Whatever helps the economy.
Now it looks like it switching back. Dems want less taxes and smaller government. Repubs want bigger govt (inspite of what they\'ve said) and more taxes. :laughing:
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Now it looks like it switching back. Dems want less taxes and smaller government. Repubs want bigger govt (inspite of what they\'ve said) and more taxes. :laughing:
i think jon stewert said it best in that society is on a bell curve (in terms of political beliefs) and the nut jobs on the ends are the ones running the show..the people in the middle are raising children