[N8 v2.0]

I paid over $15,000 this year in taxes!

I want a refund from all you who don't pay your share...

House Passes Budget to Halve Deficit by 2009
By Mary Curtius Times Staff Writer
Fri Mar 26, 7:55 AM ET

WASHINGTON — The House on Thursday passed a $2.4-trillion budget for the 2005 fiscal year that Republicans say will cut the deficit in half by 2009, extend some tax cuts and increase spending on defense and homeland security.

The House budget, like the Senate version passed this month, closely reflects President Bush (news - web sites)'s wishes, although it calls for quicker reduction of the deficit — expected to hit a record $477 billion this year — and offers fewer tax cuts in the next five years than Bush sought.

Informal negotiations were under way between the two chambers to reconcile their budgets even before the House narrowly approved the bill, 215 to 212. The two sides are expected to clash over the House's call for deeper tax cuts and its rejection of the Senate's bipartisan decision to offset tax cuts with spending cuts or tax increases.

With the deficit an issue in the 2004 election, this year's budget process shifted from the emphasis on cutting taxes that dominated the first years of the Bush administration to worries about mounting shortfalls and what Republicans described as out-of-control spending.

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[LordOpie]

Originally posted by N8
I paid over $15,000 this year in taxes!

I want a refund from all you who don't pay your share...

or you could just be thankful that you still have a gig that let's your earn enough to pay $15k

 

[I Are Baboon]

I don't get it.

Cut taxes, increase spending, but still shed 50% from the deficit? Where is all the extra money coming from?

 

[Tenchiro]

Originally posted by I Are Baboon
I don't get it.

Cut taxes, increase spending, but still shed 50% from the deficit? Where is all the extra money coming from?

Bush is serving up a helping of "Book Cookery ala Clinton".


Where's my fork?

 

[ALEXIS_DH]

Originally posted by N8
I paid over $15,000 this year in taxes!

I want a refund from all you who don't pay your share...

ask your president. he definately knows a thing or two about economics.

 

[slein]

alexis_dh.... yo pic rulez

 

[golgiaparatus]

Originally posted by LordOpie
or you could just be thankful that you still have a gig that let's your earn enough to pay $15k

Ditto...

I wish I made enough money to have to pay 15,000. Hell thats almost half of what I make before taxes.

 

[Changleen]

Originally posted by I Are Baboon
I don't get it.

Cut taxes, increase spending, but still shed 50% from the deficit? Where is all the extra money coming from?

Hmm, Good question! Maybe that's why a lot of independant economists are saying that the plan is full of sh*t...

 

[BurlyShirley]

Originally posted by I Are Baboon
I don't get it.

Cut taxes, increase spending, but still shed 50% from the deficit? Where is all the extra money coming from?

When you cut taxes, it supposedly stimulates the economy. You get a less percentage of money...but more money in the end because more is made. Is it that hard?

 

[Silver]

Originally posted by BurlySurly
When you cut taxes, it supposedly stimulates the economy. You get a less percentage of money...but more money in the end because more is made. Is it that hard?

Ceteris paribus...which isn't the case.

 

[Changleen]

Originally posted by Silver
Ceteris paribus...which isn't the case.

Indeed, like $40 billion extra on the military, $20 bil on homeland security, missile defence, various wars, etc, etc...

 

[ALEXIS_DH]

Originally posted by BurlySurly
When you cut taxes, it supposedly stimulates the economy. You get a less percentage of money...but more money in the end because more is made. Is it that hard?

lol, but if at an initial 20% tax, you cut taxes by 50%, then economy would have to grow 100% just to be at the same level as before.

100% increase in economy???? lol, thats just ridiculous!!!!!!!!!!

i mean, there is a limit of the littlest money you can tax. under that there is no way you can balance a budget. no matter how much spending reduction you do.

its foolish to believe you can do that tax cut thing infinitely many times. and still believe that the growth is creates will overpower the deficit.

 

[ALEXIS_DH]

Originally posted by N8
I paid over $15,000 this year in taxes!

I want a refund from all you who don't pay your share...

ask that refund from your kids or dependants. (if you have or plan to have any). they'll be 8.5K under the 8.5K mark for each citizen).

if you have 2 kids that 17k a year they are gonna be consuming from the gvmt a year. for 18 years. if you pay 6.5 extra a year. you'd have to contribute at the same rate for like 36 years, just to get even for the expense of your kids. not to count your retirement time, childhood, etc, etc, etc.

even at 15k a year, you'd still be a leech.

my household, directly (by paying my schooling in a US public U) or indirectly (by the % of our taxes in peru and venezuela that go to pay debt to the US) dump about 120k a year into the US, without getting anything in return, other than my college education and mickey mouse hats.

so, like i say to all the middle class kids here in alabama, that think they are the truly exploited by their govmt or that they are the overtaxed class that really supports this country and demand furiously for a smaller gvmt and less taxes.

quit bitching! leech!! (in chapell's voice).