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(Washington Post)   "Now we can cut the pie. Obama wants government to keep it all. The GOP wants to give it all back to reduce tax rates. Let's be Solomonic. Divide the revenue in half, 50% to the Treasury for reducing debt, 50% to the citizenry for reducing rates"   (washingtonpost.com ) divider line
    More: Interesting, Obama wants, obama, treasuries, tax rates, GOP, Martin Feldstein, Tom Coburn, Louisiana Purchase  
•       •       •

2143 clicks; posted to Politics » on 22 Mar 2013 at 12:45 PM (3 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



193 Comments     (+0 »)
 
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2013-03-22 01:09:21 PM  
Ugh. Fark needs a Krauthammer tag, I need to know what kind of derp I'm getting into beforehand.
 
2013-03-22 01:09:33 PM  
What a bunch of poop-flinging idiots FARK has devolved into.  The constant denial that spending is way higher than it should be is astounding.

Some taxes should go up, as level-headed Republicans are starting to finally concede.  All additional revenues, as well as an extra few percent from the budget via spending cuts, should be going into retiring the debt and coming closer to living within our nation's means.
 
2013-03-22 01:09:35 PM  

HeadLever: un4gvn666: Apparently throughout that whole process, we're supposed to trust the government (which is half composed of dumbass wealth-fellating Republicans) to eliminate deductions and tax breaks that only benefit the wealthy

Or you could have read the actaul article and seen that he does this by implementing Martin Feldstien's plan


I'm also apparently expected to believe that those same Republicans would support any plan whatsoever that would restrict the wealthy from lowering their tax burden more than 2%.

Seriously?
 
2013-03-22 01:10:24 PM  

HeadLever: un4gvn666: Apparently throughout that whole process, we're supposed to trust the government (which is half composed of dumbass wealth-fellating Republicans) to eliminate deductions and tax breaks that only benefit the wealthy

Or you could have read the actaul article and seen that he does this by implementing Martin Feldstien's plan


Reading is hard?  You expect a farker to have the time to read a one page article when they have 4 threads going with over 200 posts to follow.
 
2013-03-22 01:10:42 PM  
Lower taxes does not spur growth,

demand spurs growth,

need creates demand,

lowering taxes does not create need,

lowering taxes gives people more money to spend on things they don't want,

like debt,

lowering taxes will just result in people stuffing their mattresses,

raising taxes forces that money to be spent,

on things we need,

like infrastructure

or technology investments,

raising taxes creates a need to spend,

need is demand,

spending increases economic growth.

Ergo, want a strong ecomony? Raise Taxes.

If you disagree with me, you are wrong, I am a genius, so fark you.
 
2013-03-22 01:11:32 PM  

Saiga410: HeadLever: un4gvn666: Apparently throughout that whole process, we're supposed to trust the government (which is half composed of dumbass wealth-fellating Republicans) to eliminate deductions and tax breaks that only benefit the wealthy

Or you could have read the actaul article and seen that he does this by implementing Martin Feldstien's plan

Reading is hard?  You expect a farker to have the time to read a one page article when they have 4 threads going with over 200 posts to follow.


un4gvn666: I'm also apparently expected to believe that those same Republicans would support any plan whatsoever that would restrict the wealthy from lowering their tax burden more than 2%.

Seriously?


lurk moar
 
2013-03-22 01:12:08 PM  

Saiga410: So I should stop paying my taxes?


Oh, look, there's that island of a man who built his life and obtained all his belongings without the aid and assistance of a modern democracy and the largest economy in the world. Taxes are theft, taxes are violence. Sure, go Galt, man, knock yourself out. I'm not sure how we'll get along without your immense contributions.
 
2013-03-22 01:12:40 PM  

fickenchucker: What a bunch of poop-flinging idiots FARK has devolved into.  The constant denial that spending is way higher than it should be is astounding.


You sound smart, how much should we really be spending?
 
2013-03-22 01:12:41 PM  

Teufelaffe: Rapmaster2000: SploogeTime: Rapmaster2000  - Cocaine!

What a bunch of hypocrites. I love it. That's what Fark has become, a total dive. Good. And yet, no one got my message. Amazing.

Libs just can't handle the SplogeTime.

You want the SplogeTime!?  You can't handle the SplogeTime.

/that's like jack nicholson from that time he was in that movie with tom cruise remember that it was pretty cool

Yeah, but what about that time he was in that movie with Ellen Barkin and he was some like dog walker or something and had to steal stuff?  That wasn't really cool at all.


Remember that one where he was in Koreatown and he was like "here's johnny" and then those rednecks killed him and then Dennis Hopper threw a water fountain through the window of the mental hospital?
 
2013-03-22 01:12:43 PM  

fickenchucker: The constant denial that spending is way higher than it should be is astounding.


If it's way higher than it should be perhaps you can tell me how much has spending increased from 2009 to 2012.
 
2013-03-22 01:12:49 PM  
Spoiler alert: Solomon was bluffing.
 
2013-03-22 01:13:26 PM  
It is linked to in TFA.  For those of you that are unable to actually read the article, it can also be found here
 
2013-03-22 01:14:01 PM  
Republitards act like Obama invented the concept of taxes, that we've never had to pay taxes before HE came along. How can anybody be this deranged, this removed from reality, and voluntarily to boot?
 
2013-03-22 01:14:05 PM  

DamnYankees: I don't understand why such stupidity gets national press. I really don't.


I tried to type several other responses, but this is really all that needs to be said.
 
2013-03-22 01:14:26 PM  

ScaryBottles: Spoiler alert: Solomon was bluffing.


Liar.  He had a half-baby fetish.
 
2013-03-22 01:14:40 PM  

un4gvn666: I'm also apparently expected to believe that those same Republicans would support any plan whatsoever that would restrict the wealthy from lowering their tax burden more than 2%.

Seriously?


If it hold's Obama's feet to the fire with respect to Entitlement Reform, they just might.
 
2013-03-22 01:14:43 PM  

fickenchucker: All additional revenues, as well as an extra few percent from the budget via spending cuts, should be going into retiring the debt and coming closer to living within our nation's means.


Lordamercy. Look, Sparky, there's no reason to retire the debt. The debt is useful. Of course, there are plenty of reasons why it shouldn't grow. Basically, all we have to do is stop running deficits and the problem will solve itself through GDP growth.
 
2013-03-22 01:16:16 PM  

bdub77: The only thing truly bankrupt is the intellect of Charles Krauthammer.


I'm kind of surprised that those words can even be in the same sentence.
 
2013-03-22 01:16:40 PM  

astro716: Does he forget the part where the government doesn't "keep it all," but instead spends it on keeping people employed in both the public and private sectors?


Yeah this is the part that I thought was humorous. We don't have a surplus. The treasury isn't sitting on a pile of cash, it is hemorrhaging debt. The treasury isn't keeping anything.
 
2013-03-22 01:18:44 PM  
theorellior:
What's totally crazy is that some of his derp got bahleeted. Amazing!

Damn!  I love that, guy.  Reminds me of NYZooMan.  NYZooMan tells it like it is!
 
2013-03-22 01:19:16 PM  

theorellior: Look, Sparky, there's no reason to retire the debt. The debt is useful. Of course, there are plenty of reasons why it shouldn't grow. Basically, all we have to do is stop running deficits and the problem will solve itself through GDP growth.


Correct.  We really don't need to lower the debt to remain solvent.  From my standpoint, it would be nice to get it back down toaround the 50% of GDP mark.   However, it is clear that we can't continue to grow the debt like we have. We do have to change our current path.
 
2013-03-22 01:21:31 PM  

Car_Ramrod: By Charles Krauthammer

LOL NO.


Yeah, Charles Kreephammer is more like it.


Also, he can EABOD.
 
2013-03-22 01:21:48 PM  

HeadLever: un4gvn666: I'm also apparently expected to believe that those same Republicans would support any plan whatsoever that would restrict the wealthy from lowering their tax burden more than 2%.

Seriously?

If it hold's Obama's feet to the fire with respect to Entitlement Reform, they just might.


All these hoops to jump through and logical pretzel-twists, just to avoid the reality that taxes have to go up.

It would be amusing if it wasn't destroying our economy.
 
2013-03-22 01:21:52 PM  

Rapmaster2000: Damn! I love that, guy. Reminds me of NYZooMan. NYZooMan tells it like it is!


Too bad he's traveling.
 
2013-03-22 01:22:32 PM  

Teufelaffe: Cletus C.: cameroncrazy1984: Cletus C.: Saborlas: Because we're totes not suffering due to insanely low tax rates already.

Who is suffering from this?

The budget.

What budget?

The budget with the power.


What power?

(points for the obscure Labyrinth reference!!)
 
2013-03-22 01:23:22 PM  

tinderboxer: Yeah this is the part that I thought was humorous. We don't have a surplus. The treasury isn't sitting on a pile of cash, it is hemorrhaging debt. The treasury isn't keeping anything.


Again, the point here was that the treasury gets this extra money for either spending on current obligations or deficit reduction (as these are basically the same).  It is not that they keep it buried in mason jars out in Wolley Swamp.
 
2013-03-22 01:23:38 PM  
This actually turned into a very entertaining thread, thanks to the genuinely witty folks and even the unintentionally funny cock-obsessed ones,.
 
2013-03-22 01:23:39 PM  

HeadLever: Lost Thought 00: Is he asking us to raise tax rates to 50%? Or cut them in half?

he is asking for a massive reduction in tax breaks and loopholes.  With the extra revenue gained from this, we use 50% for spending/Deficit reduction and 50% for a lowering of the actual tax rates.  Overall, there would be a net increase in taxes.

Doesn't seem to be an aweful idea to me.


Sure, there is nothing to awe about it, it's actually an awful idea.
 
2013-03-22 01:23:54 PM  

HeadLever: We do have to change our current path.


The bending of the healthcare cost curve is already doing that. If it keeps up a third of our long-term debt disappears.
 
2013-03-22 01:25:33 PM  

tripleseven: Yeah, Charles Kreephammer is more like it.


Also, he can EABOD.


Charles "the Lizzid" Kreephammer

he's gonna eat your babies!!
 
2013-03-22 01:28:00 PM  

un4gvn666: All these hoops to jump through and logical pretzel-twists, just to avoid the reality that taxes have to go up.


Many republicans do not have an issue with increasing revenues, as many have supported the notion that we can reduce loopholes to get this done.  Krauthammer is apparently on board.  If some Democrats would maybe start supporting this notion as well and stop carpet-bombing those that are willing to work toward this path, we may start to see some movement in this regard, while at the same time marginalizing those repbulicans that are truley a roadblock toward this goal.
 
2013-03-22 01:28:35 PM  

tripleseven: it's actually an awful idea.


What part?
 
2013-03-22 01:28:56 PM  
Who paid for Kraut Hammer's wheelchair?
 
2013-03-22 01:29:04 PM  

HeadLever: as many have supported the notion that we can reduce loopholes to get this done.


Yes they've supported "the notion" but adamantly refuse to name a loophole to go after.
 
2013-03-22 01:30:22 PM  

tripleseven: HeadLever: Lost Thought 00: Is he asking us to raise tax rates to 50%? Or cut them in half?

he is asking for a massive reduction in tax breaks and loopholes.  With the extra revenue gained from this, we use 50% for spending/Deficit reduction and 50% for a lowering of the actual tax rates.  Overall, there would be a net increase in taxes.

Doesn't seem to be an aweful idea to me.

Sure, there is nothing to awe about it, it's actually an awful idea.


I can see it being distasteful for dem backers if the reduction in tax rates are only in the top 2 brackets but if the bottom bracket is reduced to 5% and the 2nd to 10% and maybe if the money holds the 3rd to 20%... would that be awful?
 
2013-03-22 01:31:53 PM  

un4gvn666: HeadLever: un4gvn666: I'm also apparently expected to believe that those same Republicans would support any plan whatsoever that would restrict the wealthy from lowering their tax burden more than 2%.

Seriously?

If it hold's Obama's feet to the fire with respect to Entitlement Reform, they just might.

All these hoops to jump through and logical pretzel-twists, just to avoid the reality that taxes have to go up.

It would be amusing if it wasn't destroying our economy.


Instead of me saying "our economy is being destroyed?" how about if someone posts all those charts showing how much better the economy has been doing under Obama.
 
2013-03-22 01:32:36 PM  

HeadLever: It is linked to in TFA.  For those of you that are unable to actually read the article, it can also be found here


The heck with that noise. Eliminate capital gains. That's all that needs to be done.
 
2013-03-22 01:32:56 PM  

Dusk-You-n-Me: The bending of the healthcare cost curve is already doing that. If it keeps up a third of our long-term debt disappears.


And healthcare is the biggest single driver of the debt right now.  It is good that the trends are moving in the right direction, but these costs are still waaay above inflation and it is very unclear how this trend will move going into the future.
 
2013-03-22 01:33:12 PM  

theknuckler_33: HeadLever: It is linked to in TFA.  For those of you that are unable to actually read the article, it can also be found here

The heck with that noise. Eliminate capital gains. That's all that needs to be done.


And raise the cap on income subject to SS taxes.
 
2013-03-22 01:33:20 PM  

rdalton: Teufelaffe: Cletus C.: cameroncrazy1984: Cletus C.: Saborlas: Because we're totes not suffering due to insanely low tax rates already.

Who is suffering from this?

The budget.

What budget?

The budget with the power.

What power?

(points for the obscure Labyrinth reference!!)


http://www.youtube.com/watch?v=CBmeOzSzKoY

Thought that was Cary Grant from The Bachelor And The Bobby Soxer.
 
2013-03-22 01:34:04 PM  

HotWingConspiracy: Yes they've supported "the notion" but adamantly refuse to name a loophole to go after.


That is what makes the Feldstein plan so attractive.  You dont have to name them.  Just cap them at 2%.
 
2013-03-22 01:35:17 PM  

HotWingConspiracy: HeadLever: as many have supported the notion that we can reduce loopholes to get this done.

Yes they've supported "the notion" but adamantly refuse to name a loophole to go after.


Well, you and I might not consider these "loopholes", but to them, defunding Big Bird's gay agenda and the well-known liberal conspiracy known as science is all that's necessary.
 
2013-03-22 01:35:33 PM  

theorellior: fickenchucker: All additional revenues, as well as an extra few percent from the budget via spending cuts, should be going into retiring the debt and coming closer to living within our nation's means.

Lordamercy. Look, Sparky, there's no reason to retire the debt. The debt is useful. Of course, there are plenty of reasons why it shouldn't grow. Basically, all we have to do is stop running deficits and the problem will solve itself through GDP growth.


OK--retiring was too literal of a word.  At this point I would be happy with "stop adding to".  Reducing it a little would be better.

Dusk-You-n-Me: fickenchucker: The constant denial that spending is way higher than it should be is astounding.

If it's way higher than it should be perhaps you can tell me how much has spending increased from 2009 to 2012.


Descending from the top of Mount Everest isn't something of which you should feel safe.  You're still way too high to breath easily.


HotWingConspiracy: fickenchucker: What a bunch of poop-flinging idiots FARK has devolved into.  The constant denial that spending is way higher than it should be is astounding.

You sound smart, how much should we really be spending?


Even with the sarcasm, I'll answer it.  Spending should be on par with revenues, or a few percent less to chip away at the bloated debt.
 
2013-03-22 01:37:05 PM  

Wooly Bully: Well, you and I might not consider these "loopholes", but to them, defunding Big Bird's gay agenda and the well-known liberal conspiracy known as science is all that's necessary.


That is on the spending side of the ledger and has nothing to do with the discussion on the revenue side.
 
2013-03-22 01:38:43 PM  
Rates are already to low.

Although, I don't think Republicans thought their cunning compromise through.

We now have a 1,000,000+ tax bracket, don't we?
 
2013-03-22 01:39:03 PM  

fickenchucker: Descending from the top of Mount Everest isn't something of which you should feel safe.  You're still way too high to breath easily.


That's not an answer. If you don't know how much spending has increased since Obama took office your claims that it's too high don't hold any water.

The deficit as a % of GDP has shrunk faster in the last three years than at any time since WWII.

We do have a spending problem. We aren't spending enough.
 
2013-03-22 01:40:54 PM  
Wooly Bully: Well, you and I might not consider these "loopholes", but to them, defunding Big Bird's gay agenda and the well-known liberal conspiracy known as science is all that's necessary.

That is on the spending side of the ledger and has nothing to do with the discussion on the revenue side.


Yeah OK we'll just have disagree about what's relevant here, Mr. Thread Cop.
 
2013-03-22 01:41:43 PM  

Dusk-You-n-Me: The deficit as a % of GDP has shrunk faster in the last three years than at any time since WWII.


But it is still much higher than any time since WWII.  Just because the deficit is trending down does not mean that it is still sky high.  Not sure why you think that we should make it worse with more spending and more debt.
 
2013-03-22 01:42:20 PM  

latique.com


Yo Dawg, I heard you like Solomnic in your columns, so I got you some Solomnic columns.

 
2013-03-22 01:42:34 PM  

Wooly Bully: Yeah OK we'll just have disagree about what's relevant here, Mr. Thread Cop.


I didn't say it wasn't relevent, just that it had nothing to do with this argument.
 
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