The Republicans are playing a cynical political game with hugely high economic stakes

[Broncojohnny]

The tax reform outline would set up three income tax rates – a bottom rate of 8-12 percent, a middle rate of 14-22 percent and top rate of 23-29 percent – to replace the current system, which has a bottom rate of 10 percent with five additional rates, topping out at 35 percent. It would reduce but not eliminate tax breaks on mortgage interest, higher-cost health plans, charitable deductions, retirement savings and families with children.

Complete bullshit. Mainly because at the end of the day we will all pay more to these fucking pricks.

[mikeb]

Do you realize if they raise revenue from taxes, they'll justify more spending?

qft

That's the reason i'm against ANY more tax increases - washington has shown time and again that they'll spend anything that they can get ahold of.

[Denny]

All their efforts will pay off (for a while) if they can outlast the fall of the Euro. At the moment, it looks good.



Germany, France and DSK were scheming a way to introduce another currency that would work WITH both the Euro and US Dollar, eventually replacing both... possibly through the IMF/World Bank type vehicle.

Euro Meltdown

http://www.dailymail.co.uk/news/article-2016775/European-debt-crisis-Nicolas-Sarkozy-jets-Berlin-talks-Angela-Merkel.html

http://www.telegraph.co.uk/finance/financialcrisis/8650929/Euro-reaches-eleventh-hour-as-Angela-Merkel-and-Nicolas-Sarkozy-hold-crisis-talks.html

Fed Making Contingency Plans for Possible US Default

http://colonel6.com/2011/07/20/fed-making-contingency-plans-for-possible-us-default/

Bank of America Tumbles
http://www.zerohedge.com/article/ban...llion-more-cap LMAO @ 50 billion!

http://money.msn.com/saving-money-tips/post.aspx?post=7e9ab056-5ce2-41a9-9ae0-8dc1c2ed68bd

[SlowLX]

All their efforts will pay off (for a while) if they can outlast the fall of the Euro. At the moment, it looks good.



Germany, France and DSK were scheming a way to introduce another currency that would work WITH both the Euro and US Dollar, eventually replacing both... possibly through the IMF/World Bank type vehicle.

Euro Meltdown

http://www.dailymail.co.uk/news/article-2016775/European-debt-crisis-Nicolas-Sarkozy-jets-Berlin-talks-Angela-Merkel.html

http://www.telegraph.co.uk/finance/financialcrisis/8650929/Euro-reaches-eleventh-hour-as-Angela-Merkel-and-Nicolas-Sarkozy-hold-crisis-talks.html

Fed Making Contingency Plans for Possible US Default

http://colonel6.com/2011/07/20/fed-making-contingency-plans-for-possible-us-default/

Bank of America Tumbles
http://www.zerohedge.com/article/ban...llion-more-cap LMAO @ 50 billion!

http://money.msn.com/saving-money-ti...0-8dc1c2ed68bd

Germany will dump the Euro with a quickness if/when it interferes with their internal economy much more. West Germany didn't build the top economy in Europe after ww2 by accident.

[Sean88gt]

Plosser, a former dean of the Simon School of Business at Rochester University, was more circumspect.

“It could be very bad. At some level we don’t really know what the consequences could be. It could be very serious. It could be less serious. Do we really want to run that experiment?”

Yes. If they can't say for certain that it will be bad, then we should take it to the edge and see what results.

[SMEGMA STENCH]

Hah, no I'm not. He said repeatedly 47% of Americans don't pay federal taxes.

I'm honored that you chose me to quote in your sig. The funny thing is, you're only quoting something that everyone else here agrees with. hahah

[futant]

Im still sitting here laughing my ass off that Durantula seriously believes that anyone would talk about ALL FEDERAL TAXES !

Seriously, no one is that fucking stupid.

Yet here we are , nearly upon QE3 and his dumb ass is posting up about how Obama has nothing to do with it!
Obama has single handedly destroyed the budget immediately upon taking office. Any tard who watches the news for the last two years could not miss these reports over and over again !

If there are really people as stupid as Durantula / OP , we are so fucking doomed!

[jw33]

Of course they shooshed him real quick while talking about the patriot act, but that's to be expected. The more the economy takes a shit, the more Ron Paul is going to come out and shine...

[Denny]

It's Ron Paul vs. all parties. What a fucking joke.

[Captain Crawfish]

It's Ron Paul vs. all parties. What a fucking joke.

the entire us political system is a fucking joke

[CJ]

Of course they shooshed him real quick while talking about the patriot act, but that's to be expected. The more the economy takes a shit, the more Ron Paul is going to come out and shine...

I'm all for Ron Paul, he's a brave fucking dude, and he's completely consistent across the board. Very much to respect in Ron Paul. However, he will never get the nomination. His war stance is the breaker.

[Mr_Fiux]

If we default we could have total economic breakdown, where I will have to sleep with one eye open, while my AR, USP, and 870 are all loaded. I could even have to return to Laredo FUUUUUUUUUUUUU.

on another note, the Euro is dead as of the moment. I know this because I do international business with countries such as: Holland, Germany, and France. They stopped paying in Dollars and switched to Euro. After some minutes of small talk with some German customers, they have been politically scheming against dropping the Euro, because none of the half-assed Latin speaking countries such as, italy, spain, portugal etc. are all dragging ass. They are tired of pulling them to German standards of work, taxes, pensions, and of course beer. Those pussies cant keep up and they want to leave them behind.

[Denny]

The US will not need to default if the ceiling isn't raised. As of right now, we generate enough revenue through taxation to pay our current debts and probably about 40% of our current spending. If there is going to be a default, it will be by our government's choice. Damn scare tactics just show that they have no valid arguement.

[jw33]

I'm all for Ron Paul, he's a brave fucking dude, and he's completely consistent across the board. Very much to respect in Ron Paul. However, he will never get the nomination. His war stance is the breaker.

You may be correct with his stance on the war and how the public will accept/go along with it. However, Ron Paul has had a very large number of military contributors to his presidential campaign. As a matter of fact, when broken down by employer, it's reported that Ron Paul has received more money from military members than all others in the running for the 2012 election. That's saying something especially when you realize how little attention he gets in the news. If he can capitalize on the situation I believe it will play into his favor and not against. We are coming up on the 10-year anniversary of 9/11/01 and we are still bogged down in Afghanistan. Everyone knows that at this point we just need to leave and let the so called chips fall where they may. Afghanistan will never be pre-WWII Japan or Germany like some people may have in their heads. We got our man, the war is costing us a fucking fortune, and not another single service member casualty is worth all of the people's lives in that entire country. Iraq is a controlled cluster for now and we are starting to dick around in Libya. Folks have had enough. Who doesn't know someone who was killed or injured in action at this point?

At the last debate in NH there was a short exchange between Romney, Bachmann, and Paul on this exact question about bringing the troops home. Romney eventually said he would defer that decision to his generals while Bachmann said she would defer to the CIC (herself?) on what to do. Paul, without missing a beat, said he would make an immediate decision because he is the CIC and that would be to pull them out ASAFP. Judging by the crowd reaction I would say that was a very popular opinion and I’m thinking it will only get stronger when election time rolls around.

[SMEGMA STENCH]

I'm all for Ron Paul, he's a brave fucking dude

That's another thing that I like about him. You have to have a pair of balls to do what he intends to do if he can. He'll have plenty of domestic enemies that's for sure.