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re: Tax revenues hit all time high for FY 2014
Posted on 8/17/14 at 9:07 pm to germandawg
Posted on 8/17/14 at 9:07 pm to germandawg
I'm not sure I understand your post. Certainly lots of statements for you to back up.
The reality is this: raising taxes lessens the ability of consumers and investors to spend. It increases the governments ability to spend, however it is less effective at job creation in most cases than the private sector.
So with that I leave you with two thoughts:
1) increasing taxes assumes full employment. The economic picture, while improving,
Is still shitty and has a loooong way to go before it can be called "good".
2) you should invest in anxiety medication.
The reality is this: raising taxes lessens the ability of consumers and investors to spend. It increases the governments ability to spend, however it is less effective at job creation in most cases than the private sector.
So with that I leave you with two thoughts:
1) increasing taxes assumes full employment. The economic picture, while improving,
Is still shitty and has a loooong way to go before it can be called "good".
2) you should invest in anxiety medication.
0
Posted on 8/17/14 at 11:30 pm to Powerman
quote:
There was never any expectation that we would be running a massive surplus or even have a balanced budget this year. So yes it's bad in comparison to retarded unrealistic expectations that exist in fantasy world. But it's good compared to where we have been the last few years. That can not be disputed by anyone who knows anything about anything.
"Today I'm pledging to cut the deficit we inherited by half by the end of my first term in office. Now, this will not be easy. It will require us to make difficult decisions and face challenges we've long neglected. But I refuse to leave our children with a debt that they cannot repay, and that means taking responsibility right now, in this administration, for getting our spending under control."
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