superunknown23
Superstar
The Coli, the place where nikkas make 6-figures and bang dimes rated-10
or so they claim...
or so they claim...
So I guess Mitt Romney really shoulda won
- Thread starter Broke Wave
- Start date
I thought I was being pretty clear
We have a 1.3T deficit and neither party is going to do anything about it... so the idea that Obama is "waiting for midterms" is ridiculous. When Obama had the govt in the palm of his hands he didn't make good on half his promises, so what makes you think he or the Dems are going to do the right thing now w/a weaker hand?
88m3
Fast Money & Foreign Objects
we're not apparently all jokes aside
Here's my final two cents because I'm out. You seem to have a problem with understanding what someone is saying. Even worse you have a bigger problem contextualizing issues.
But in 2009, Obama was attacking a recession, a broken financial system (still has flaws), healthcare, etc. Deficit reduction was not even in the top 5 things on his agenda. He didn't campaign on that so I don't even know what you're talking about. He spent all his political capital on healthcare reform, so if you want to use the Obama failed on something argument, this isn't the issue to use it on. Deficit reduction was actually diametrically opposed to the healthcare bill at the time, remember the "we can't afford it" talk. So your arguments would make sense, if you know, all the facts that exist, didn't exist.
So I will say one last time. And I will make it clear for you, take a deep breathe and actually read. I said, I don't see this shyt getting done any time soon given the bargaining positions of the two parties right now. Given the fact that we have a Democratic President and Senate, the only hope is that Democrats more or less pass it themselves if they takeover after the midterms. I never said Obama was "waiting until the midterms." I didn't even say it WILL happen. I made a qualified statement in response to your question based on the different scenarios.
Dusty Bake Activate
Fukk your corny debates
Hopefully after we more than one consecutive quarter of 3% economic growth and unemployment lower than 7%.
You are always hyping up the urgency of this manufactured debt crisis. Debt just only reached 100% of GDP.
Does it have be addressed? Definitely. Does it have to happen right now while the recovery is a bit anemic? No.
Huge spending cuts and middle class tax hikes right now would be retarded.
That's what I'm saying....
Next cats are going to act 100k is a lot of money. In the "grand scheme" of things, it's nothing.
Depends on what type of jobs these cats have. Not all careers are created equally.
But to put things in perspective, the money goes rather quickly when, everything is accounted, such as mortgage / rent, kids (2-3), wife(watches kids), travel expenses*, car note, credit card bills, etc
Travel expenses*: this is where the money goes, maintaining upkeep can be very expensive: clothes, plane tickets, meals,
Some people travel internationally 3-4 times a month, for days(3-5) and sometimes weeks (2-3)at a time.
And they are by no means balling.
Funny I was watching this yesterday too:[ame="http://www.youtube.com/watch?v=QmXcpWkkin8"]Why most rappers are broke (part 1 of 2) - YouTube[/ame]
Real talk, someone who makes, 400k, has a lot more in common with "middle class" people, than the Koch brothers....
Honestly liberals, should be condemning people who really control the wealth in this country. Someone who makes 400k, even 800k, doesn't control the wealth in country....
Hood Critic
The Power Circle
It damn sure isn't anywhere in the same zip code as poverty either.
There are some pretty fundamental reasons why its prob unreasonable to expect our economy to ever return to those conditions barring serious reinvestment into education and infrastructure... and even with those we would still have at least a few years of stagnation while things take effect
And I haven't "manufactured" anything. We generate half of what we spend. We have a CC balance equal to our annual economic output. Half the population has a zero to negative federal income bill. The population is aging. Part of why we got to where we are is your kind of "yea we have long term problems but we have to deal with shyt right now" thinking. Our problems today were our long term problems 5, 10 years ago. What happens if the global economy recovers and people find other places to park their money, sending our interest rates up? Even if we are part of that growth our debt problem would easily exceed whatever additional revenue would be generated.
And I don't think spending cuts are retarded. I think we can all agree that military spending needs to come down drastically. I think we can also agree that healthcare needs big reform. I don't think there is a logical argument against the idea that everyone needs to pay some level of federal income taxes. And like I demonstrated earlier there are a lot of places where Americans can save money but choose not to. So the idea that this is the best we can do and that it's pointless to talk about how to address the deficit is retarded. The deficit is largely the result of a lot of poor choices we made and are still making.
Hood Critic
The Power Circle
400K is by no means a median to measure the middle class either.That's what I'm saying....
Next cats are going to act 100k is a lot of money. In the "grand scheme" of things, it's nothing.
Depends on what type of jobs these cats have. Not all careers are created equally.
But to put things in perspective, the money goes rather quickly when, everything is accounted, such as mortgage / rent, kids (2-3), wife(watches kids), travel expenses*, car note, credit card bills, etc
Travel expenses*: this is where the money goes, maintaining upkeep can be very expensive: clothes, plane tickets, meals,
Some people travel internationally 3-4 times a month, for days(3-5) and sometimes weeks (2-3)at a time.
And they are by no means balling.
Why most rappers are broke (part 1 of 2) - YouTube
Real talk, someone who makes, 400k, has a lot more in common with "middle class" people, than the Koch brothers....
Honestly liberals, should be condemning people who really control the wealth in this country. Someone who makes 400k, even 800k, doesn't control the wealth in country....
So let's put 400K into perspective; the average household income is roughly ~$50K (adjusted for inflation) and roughly half of the famous 1% make between $340K-$500K.
Wont get you far? How fukkin far are you trying to go? Outside of LA, Chicago, NYC, and DC 400K will have your entire family doing very well. And even in those cities you better off than the overwhelming majority of people.
In the south if you making 75K and single you damn near the king of the city.
You do realize the average family is only bringing in about 50k right? In the vast majority of homes where one person makes 150k the spouse doesnt even bother working.
Broke Wave
The GOAT
No there are plenty of logical arguments against that, Mitt.
The MAJORITY of American households do not even meet the minimum threshold to pay federal income tax.
Why do you act like America was founded yesterday and these rules have been adjusted or something? These tax rates have been lowered and more and more people can't meet the minimum threshold. Think about that. If the minimum threshold has been lowered steadily for about 30 years and more people cannot meet it, is the logical answer to LOWER THE THRESHOLD FURTHER TO ENCAPSULATE MORE PEOPLE?
And why is it that every tax proposal that talks about "broadening the base" is always invariably linked with lowering the top rates? No thanks homie.
Median household income is $50K; can you post a link to this "threshold"?
You don't think a household making $50K- ~3x the household poverty threshold- can afford to pay any federal income taxes???
Where did I say we need to lower top rates????