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Re: How did we ever come to be over $14T in debt? Who's responsible for how much of it?

By: clo in POPE | Recommend this post (0)
Sun, 31 Jul 11 10:56 PM | 9 view(s)
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Msg. 40188 of 65535
(This msg. is a reply to 40181 by Zimbler0)

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zimbler,

Drilling would add jobs, period.
No matter HOW much we drill, the price of oil isn't going down. There is NO way these vultures will sell Americans that oil for a lower price.
Think of the airlines, all but 2 still added the costs of the government fees to the ticket price, even though they aren't going to the government. clo

Airlines will lose the authority to collect about $200 million a week in ticket taxes that go into a trust fund that pays for FAA programs.

Read more: http://www.foxnews.com/politics/2011/07/23/faa-shutdown-leads-to-widespread-job-loss-cheaper-airline-tickets/#ixzz1TiCrYqAd




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The above is a reply to the following message:
Re: How did we ever come to be over $14T in debt? Who's responsible for how much of it?
By: Zimbler0
in POPE
Sun, 31 Jul 11 10:00 PM
Msg. 40181 of 65535

Clo> It didn't go far enough to help the recovery, because too much of it went towards more tax breaks.
Obama needs to close corporate loopholes, no more corporate welfare.
Increase Capital gains taxes to 50%, why should a hedge fund managers only pay 15%, its unthinkable. clo


Clo,
When obama's 'stimulus package' came out I TOLD you
it wasn't gonna work - not because of tax breaks
but because the bulk of the money being spent was
being spent on welfare.

Welfare does NOT stimulate the economy.

You are right about obama needing to close corporate
tax loopholes . . . and no more 'corporate welfare' .
. . . except the thief in chief is using it to buy
favors and campaign contributions. - He ain't gonna
do that.

You are also right about why should a hedge fund
manager only pay 15% . . . .

I read where America's corporations are sitting on
record amounts of cash . . cash, which if invested
in buying new machinery and expanding our manufacturing
facilities would go a LONG ways towards getting more
of U.S. employed . . . except that you can't legislate
that and, with todays regulatory envirenment I'd sit
on my cash too.

Take 'obamacare' (please, and bury it) I don't think
the regulations and rules for it have been written
yet . . . but it's a safe bet that it will cost
American businesses a LOT of money . . . why should
a business hire more folks when obama care's mandates
will possibly bankrupt them?

A Beldin posting suggested that if we was to go back
to actively drilling in the Gulf of Mexico, we could
create a LOT of taxpaying jobs, help our trade deficit,
and possibly drive down the cost of oil - helping out
our economy immensely. And what is obama doing?
Everything he can to keep U.S. from drilling.

Zim.


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