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Originally Posted by Strype  So are you saying that historically, when the rich get tax cuts they actually end up paying more in the long run? |
actually what happens is that more people become rich, because more people have money to start a business or buy one.
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Originally Posted by dew22 Sooooooooooo..................lets raise taxes on the "rich" and give the Govt. more money to waste?????  |
actually it has been shown that when taxes are raised, the government takes in less money due to economic slow down.
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Originally Posted by poboys 94 No no, I was just ranting on how these greedy F-ers waste money. |
you said a bidfull there my friend. from what i have heard, the government wastes just about 1/3 of the money they budget for the year. this has ot stop if we are going to reduce the size of the national debt.
the current problem is caused by many things, and many people have dirt on their hands because of it. democrats in congress pushing to prevent the needed regulations that would have stopped the problem early. republicans who should have taken a proactive approach and told the people in all states to write their congressmen and ge tthe regulations in place, and to use the regulatory powers they were entrusted with to over see what was going on. fannie and freddie for pushing these bad loans in the first place. and organizations like ACORN who put pressure on the banks and the congress to keep these loans flowing.