dmagicglock Posted August 4, 2009 Report Share Posted August 4, 2009 Biggest drop in tax revenues since 1932!? Yet we're trying to pass billions of dollars in government programs!?heard about this on talk radio today but its not making a lot of shockwaves in the mainstream media hmmm? http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/08/03/BUAL1939IG.DTL&type=business"The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation's plate and struggling to find money to pay the tab.The numbers could hardly be more stark: Tax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion.Other figures in an Associated Press analysis underscore the recession's impact: Individual income tax receipts are down 22 percent from a year ago. Corporate income taxes are down 57 percent. Social Security tax receipts could drop for only the second time since 1940, and Medicare taxes are on pace to drop for only the third time.The last time the government's revenues were this bleak, it was 1932."Our tax system is already inadequate to support the promises our government has made," said Eugene Steuerle, a former Treasury Department official in the Reagan administration who is now vice president of the Peter G. Peterson Foundation."This just adds to the problem."While much of Washington is focused on how to pay for new programs such as overhauling health care - at a cost of $1 trillion over the next decade - existing programs are feeling the pinch, too.Social Security is in danger of running out of money earlier than the government projected just a few months ago. Highway, mass transit and airport projects are at risk because fuel and industry taxes are declining.The national debt already exceeds $11 trillion. And bills just completed by the House would boost domestic agencies' spending by 11 percent in 2010 and military spending by 4 percent.Is there a way out of the financial mess?A key factor is the economy's health. The future of current programs - not to mention the new ones Obama is proposing - will depend largely on how fast the economy recovers from the recession, said William Gale, co-director of the Tax Policy Center."The numbers for 2009 are striking, head-snapping. But what really matters is what happens next," he said. "If it's just one year, then it's a remarkable thing, but it's totally manageable. If the economy doesn't recover soon, it doesn't matter what your social, economic and political agenda is. There's not going to be any revenue to pay for it." Quote Link to comment Share on other sites More sharing options...
Rod38um Posted August 4, 2009 Report Share Posted August 4, 2009 I imagine we will just raise taxes on everyone like California has done.... and each time they have done this, their total revenue has gone down.Thats what liberals never get....... they think they can keep on taxing and people will keep right on being being as productive as ever..... the reality is if people cant see enough profit margin in their ideas or their work..... they wont bother with it. At some point, China is going to cut us off and then we will really see what a depression is!!! Quote Link to comment Share on other sites More sharing options...
DGTL GRL Posted August 4, 2009 Report Share Posted August 4, 2009 Lemonade stands? Quote Link to comment Share on other sites More sharing options...
Dweezel Posted August 5, 2009 Report Share Posted August 5, 2009 god forbid we actually have a 'balanced budget' with a surplus for a rainy day. Quote Link to comment Share on other sites More sharing options...
chevysoldier Posted August 5, 2009 Report Share Posted August 5, 2009 We will be able to fix it all with "Hope" Quote Link to comment Share on other sites More sharing options...
kawi kid Posted August 5, 2009 Report Share Posted August 5, 2009 god forbid we actually have a 'balanced budget' with a surplus for a rainy day.what thats not how you are supposed to do it??? i always have my money spent before payday...... Quote Link to comment Share on other sites More sharing options...
Earache Posted August 5, 2009 Report Share Posted August 5, 2009 We will be able to fix it all with "Hope"Nah, it's gonna take "Change" Quote Link to comment Share on other sites More sharing options...
SAMBUSA Posted August 5, 2009 Report Share Posted August 5, 2009 Let's raise taxes on the rich and lower taxes for the middle and lower class. And then give the tax dollars back to just the lower class. Quote Link to comment Share on other sites More sharing options...
chevysoldier Posted August 5, 2009 Report Share Posted August 5, 2009 Nah, it's gonna take "Change"I tried to pay my rent with change, they didn't like it too much. Quote Link to comment Share on other sites More sharing options...
Earache Posted August 5, 2009 Report Share Posted August 5, 2009 I tried to pay my rent with change, they didn't like it too much.Some fuckers have no sense of humor. Quote Link to comment Share on other sites More sharing options...
Dweezel Posted August 5, 2009 Report Share Posted August 5, 2009 (edited) speaking of change.... im going after women from now on. Edited August 5, 2009 by kawi kid Quote Link to comment Share on other sites More sharing options...
SAMBUSA Posted August 5, 2009 Report Share Posted August 5, 2009 speaking of change....<object width="425" height="344"><param name="movie" value="http://www.youtube.com/watch?v=Mzc8vS-ac-g&color1=0xb1b1b1&color2=0xcfcfcf&feature=player_embedded&fs=1"></param><param name="allowFullScreen" value="true"></param><param name="allowScriptAccess" value="always"></param><embed src="http://www.youtube.com/watch?v=Mzc8vS-ac-g&color1=0xb1b1b1&color2=0xcfcfcf&feature=player_embedded&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" allowScriptAccess="always" width="425" height="344"></embed></object>Fail Quote Link to comment Share on other sites More sharing options...
Dweezel Posted August 5, 2009 Report Share Posted August 5, 2009 speaking of change...http://www.youtube.com/watch?v=Mzc8vS-ac-g stolen from the female ninja Quote Link to comment Share on other sites More sharing options...
Dweezel Posted August 5, 2009 Report Share Posted August 5, 2009 seriously? I never hit post on that... Quote Link to comment Share on other sites More sharing options...
dmagicglock Posted August 5, 2009 Author Report Share Posted August 5, 2009 I saw this quote from steve forbes... haha"The flat tax would be so simple, you could fill it out on a post card. A post card that would say, in effect, having a wonderful time; glad most of my money is here." Quote Link to comment Share on other sites More sharing options...
kawi kid Posted August 5, 2009 Report Share Posted August 5, 2009 seriously? I never hit post on that... i fixed it Quote Link to comment Share on other sites More sharing options...
Cheech Posted August 5, 2009 Report Share Posted August 5, 2009 god forbid we actually have a 'balanced budget' with a surplus for a rainy day.We did. Chimpy McFlightsuit completely destroyed those gains and MORE in a little more than 3 years. Quote Link to comment Share on other sites More sharing options...
dmagicglock Posted August 5, 2009 Author Report Share Posted August 5, 2009 did that balance budget come about from cuts to medicare, welfare and dipping into the social security fund by chance? Quote Link to comment Share on other sites More sharing options...
Earache Posted August 5, 2009 Report Share Posted August 5, 2009 We did. Chimpy McFlightsuit completely destroyed those gains and MORE in a little more than 3 years.Mr. Peepers will come to the rescue - don't worry! Quote Link to comment Share on other sites More sharing options...
Cheech Posted August 5, 2009 Report Share Posted August 5, 2009 I would think that you would be happy about cutting Medicare and welfare. For someone who so vociferously opposes universal healthcare, why do you support not cutting welfare, the biggest handout of them all, and Medicare, basically taxpayer (you, remember?) subsidized healthcare for the elderly? Quote Link to comment Share on other sites More sharing options...
dmagicglock Posted August 5, 2009 Author Report Share Posted August 5, 2009 I would think that you would be happy about cutting Medicare and welfare. For someone who so vociferously opposes universal healthcare, why do you support not cutting welfare, the biggest handout of them all, and Medicare, basically taxpayer (you, remember?) subsidized healthcare for the elderly?thats what I'm saying! we had a balanced budget by making cutbacks, especially in those areas. Where now we're spending ALOT in those areas (or trying to). I was just saying it was maybe another reason we should stray away from more handouts.I feel like democrats always want to talk about how they had a balance budget when clinton was in office, and they also want to talk about how great medicare, welfare, universal healthcare is as well, but fail to recognize they achieved their balanced budget by making concessions on the things they use to get elected. Quote Link to comment Share on other sites More sharing options...
Cheech Posted August 5, 2009 Report Share Posted August 5, 2009 thats what I'm saying! we had a balanced budget by making cutbacks, especially in those areas. Where now we're spending ALOT in those areas (or trying to). I was just saying it was maybe another reason we should stray away from more handouts.I feel like democrats always want to talk about how they had a balance budget when clinton was in office, and they also want to talk about how great medicare, welfare, universal healthcare is as well, but fail to recognize they achieved their balanced budget by making concessions on the things they use to get elected.Nice ninja. First off:I was just saying it was maybe another reason we should stray away from more handouts.This phrase you keep using, I don't think it means what you think it means.Welfare is a handout. Actually, welfare is the DEFINITION of a handout. You the recipient get cash money for doing absolutely nothing. Let me make myself excruciatingly clear here, I am against government welfare. I'm sure I'm just as much a fan pf personal responsibility as you are, and programs like this just fuel the entitlement society and promptly need to go the fuck away.Medicare is not a handout, it's a benefit. These people paid into the system, now they are getting the benefits once they reach a certain age.Universal healthcare is not a handout, it's also a benefit as Medicare is. You being for one and against another is the height of cognitive dissonance. Quote Link to comment Share on other sites More sharing options...
SAMBUSA Posted August 5, 2009 Report Share Posted August 5, 2009 Quote Link to comment Share on other sites More sharing options...
Cheech Posted August 5, 2009 Report Share Posted August 5, 2009 Don't hate me because I'm beautiful, hate me because I'm right. Quote Link to comment Share on other sites More sharing options...
SAMBUSA Posted August 5, 2009 Report Share Posted August 5, 2009 Universal Healthcare IS a handout for all of those people that dont have insurance. Quote Link to comment Share on other sites More sharing options...
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