UPDATE (16:10 EDT): Video added.
At least one reporter understands economics. CNBC’s Melissa Francis told “On the Money” viewers March 15 that their taxes were going to get hiked “if the Democrats get their way.” The fun twist? Francis and her colleagues couldn’t find any Democratic politician, strategist or even a think tank cohort to come on the show and tell the American people why raising their taxes would be a good idea.
“I don’t understand. How does raising taxes and stifling economic growth keep America great?” Francis asked her guests, Pat Toomey of the Club for Growth and Jack Burkman, a Republican strategist. The rest of the segment was shooting fish in a barrel, pointing to the economy’s strong growth following the 2003 tax rate cuts.
And Francis proved she has more of an economic understanding than a majority of reporters: “If there were a Democrat that was willing to come on this show tonight, they might say something like, you know, they’re trying to pay for the budget, or they’re trying to, you know, slim down the deficit,” Francis said. “But I was always taught when I studied economics that when you raise taxes, you might end up with less revenue.”
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And why should they say anyth
March 16, 2007 - 14:38 ET by dscottAnd why should they say anything when all they have to do is do nothing to let the Bush tax cuts expire to raise taxes?
“The object of life is not to be on the side of the majority but to escape finding oneself in the ranks of the insane.” – Marcus Aurelius
Why raise taxes now?
March 16, 2007 - 21:38 ET by nkviking75Why would Dems raise taxes rather than wait for the Bush tax cuts to expire?
1) The tax cuts expire after this Congress is done. Perhaps they're worried they won't have a majority in two years to keep the cuts from being extended.
2) Since everything is always a crisis with these clowns, they'll try to tell us tax increases can't wait.
3) They will not miss any opportunity to twist the knife in Bush's back.
We can increase the tax rat
March 17, 2007 - 01:56 ET by Right2thePointWe can increase the tax rate by doing nothing! Gee a dem kinda job.
Man we don't have to vote FOR a tax, but we can still INCREASE tax rates, who left this GIFT for us?
Man even though all this session we have not been able to find our A$$ with a flashlight we can still do wonders.
Surely the sheep will put more of us in next time because we are oh so good at what we do.
If they raise taxes, the econ
March 16, 2007 - 14:56 ET by ThisnThatIf they raise taxes, the economy is going to run into trouble. Tax revenue will go down; interest rates will rise; and the budget deficit will grow. If this can happen in the next 6 months or so, the Dims will have good campaign talking points. Their punch line will be "See? It's a good think we raised taxes just in time -- this kept the revenue from going down as much as it would have, kept the interest rate increase smaller than usual, and didn't allow the budget deficit to grow as much as it would had we let Bush's failed economic policies for the rich to go unchecked". And the MSM will go along, as usual.
Look at what's already happ
March 16, 2007 - 15:05 ET by DyneLook at what's already happened since the introduction of the federal income tax, the cost of living has increased so much within the past decades that, if this trend isn't reversed soon, those honest people who can't make ends meet and have to work two jobs will have to start finding a third. And that's just the middle class. Think of the effects on the poor people who are trying to dig themselves out.
"If you have to resort to personal attacks or foul language, you've already lost the debate." -Anonymous
“Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.
Oh Dan this is too funny...no
March 16, 2007 - 15:31 ET by bigtimerOh Dan this is too funny...not one democrat to come on the show....not one?!
Now that initself is PRICELESS!
Laughing out loud!
I cannot wait for FOX to unveil their new money network in Jan. sometime...
Go Cavuto Go!
How many of the dems campaign
March 16, 2007 - 15:54 ET by JDWHow many of the dems campaigned on no tax hikes? And what does gen Pelosi do as soon as she takes office? She changes the tax vote from a super majority to a simple majority!
Back to the basics for a minute, 84% of tax revenue is generated from the top 25% of the earners. So what are the consequences of hammering that top 25% to the remainder let alone our economy in general?
Don't forget the tax exemptions. Remember the oil companies? As much as the dems hated Halliburton today they are infuriated at the fact the company has moved. As much as the dems want revenge against Bush, they want the same against large corporations and big oil. Tax is simply a means to an end.
JDW
Wounded skier, beware of mistakes.
News media: Scoreboard for terrorists
JDW- Corporations don't pay
March 16, 2007 - 16:01 ET by Tim the EnchanterJDW- Corporations don't pay taxes, they collect them. Taxes are just another business expense that gets passed on to the consumer when their product is purchased. Ultimately, the consumer- you, me, and anyone else out there that buys stuff, pays all taxes.
I am unsure of the number but
March 16, 2007 - 16:13 ET by JDWI am unsure of the number but about 75% of states levy taxes on corporations. As a whole individuals pay maybe 6 times that but my point was the dems are attempting to eliminate exemptions. If a windfall profits tax were employed in the case of oil companies, pump prices would jump, a bad reflection on the dems.
JDW
Wounded skier, beware of mistakes.
News media: Scoreboard for terrorists
Tim,You are exactly correct,
March 16, 2007 - 17:19 ET by BlondeTim,
You are exactly correct, in regard to federal taxes.
Consider this...for businesses which function as utilities...they are also required to charge franchise and other taxes in order to operate in various municipalities / states (in addition to the income taxes which are built into their basic pricing models.
The industry in which I work is required to charge between 6% and 26% monthly (depending upon the municipality)! Talk about a rip-off. And there's not a thing to be done about it. Take a close look at your phone bill the next time you pay it....and then figure out what you are being charged in taxes and fees.
Pass through to the consumer, all the way. If we bothered to add all of this up, in addition to the local, state, and federal income taxes (and property taxes, intangible taxes, etc) we pay....well, Boston Tea Party comes to mind.
Blonde,The Boston Tea Party.
March 16, 2007 - 19:47 ET by upcountrywaterBlonde,
The Boston Tea Party. The tax rate was .5% ,That's 1/2 of 1 per cent, hows that!
Damn liberal media. Come o
March 16, 2007 - 17:52 ET by waka wakaDamn liberal media.
Come on, where are the Plame posts!?
Oh yeah. Forgot about that.
Reality has a well known liberal bias.
Oh they are here waki...just
March 16, 2007 - 18:54 ET by bigtimerOh they are here waki...just look around.
What a joke she is....talk about a leftist bimbo.... she thinks everybody else is stupid like her....poor Waxman got waxed today by Davis.
Cute little soap opera though.
With the exception of a man's life is down the drain, let alone how his family must be suffering.
Her and her old man Blowhard Wilson are piece's of leftist of work.
Can't wait for the civil trial if it ever gets there.
bigtime, for once we have som
March 16, 2007 - 19:07 ET by waka wakabigtime, for once we have something in common: "Can't wait for the civil trial if it ever gets there."
And yeah, you're right, that cowardly undercover CIA agent is a real joke, what with the way she risked her life for our country and all. What a phony, working her way up to the head of the Iraqi counter-proliferations division after joining the CIA straight out of college. I mean, geez, where do these Democrats get off?
Reality has a well known liberal bias.
Think Armitage waki.The name
March 16, 2007 - 19:14 ET by bigtimerThink Armitage waki.
The name wasn't even mentioned that I heard today in this farce, may have been later, but that still wouldn't of been much.
JoeBlowWilson is going to have to take the stand if there is a civil trial...like I said...can't wait.
Btw...if you believe her story just some guy she can't remember the name of recommended her husband...well, I have some beach front property here in Mt. I'll sell ya real cheap waki.
Later...
So, according to your argumen
March 16, 2007 - 20:02 ET by waka wakaSo, according to your argument, a CIA officer deliberately lied under oath, in front of Congress, in one of the most highly publicized - and widely scrutinized - testimonials since IRAN-Contra?
You make this waaay too easy, friend.
Reality has a well known liberal bias.
Well duh! Liberals lie all th
March 16, 2007 - 20:09 ET by Clear thinkerWell duh! Liberals lie all the time, and CIA employees make a living by lying. It's part and parcel of what they do.
The liberal MSM has become an enemy of the USA.
So an undercover CIA agent de
March 16, 2007 - 20:15 ET by waka wakaSo an undercover CIA agent deliberately perjured herself, according to you. How patriotic.
Reality has a well known liberal bias.
Earth to waka...It's her patr
March 16, 2007 - 20:19 ET by Clear thinkerEarth to waka...
It's her patriotism that's in question, not mine.
The liberal MSM has become an enemy of the USA.
Right. May I remind you she
March 16, 2007 - 20:43 ET by waka wakaRight.
May I remind you she had non-official cover? As in, if she gets caught by the Iraqis, or any foreign government, she can't expect the U.S. to bail her out? That's the deepest cover there is.
But anyway, under your rules, a person who gives her entire professional career (hired by Reagan) to work - under dangerous circumstances - for the most forward-leaning, clandestine branch of the United States government, is not a patriot?
Well, who is a patriot? A warblogger like you? Draft dodgers like Bush, Cheney and Rove, who sent real Americans into battle for their own gain?
I've got news for you. George W. Bush is not the United States, and disagreeing with him is not "hating America." I'm proud to be an American. The rub for you guys is that patriots like me and the other 70% of the country don't like to watch you guys flush our country down the toilet.
Sorry.
Reality has a well known liberal bias.
If flushing the country down
March 17, 2007 - 19:04 ET by UnsaneIf flushing the country down the toilet means I have control over my own economic destiny (lower taxes) and that our country is FEARED around the world, I can live in the sewer.
It really is too damn bad you cannot understand why people don't really want government to have complete, total, direct control over our everyday lives as badly as you want.
By the way, if reality has a well know liberal bias, explain the demise of the Second World and why it is that the nations that routinely coddle and spoil their citizens by constantly stealing from its own most productive citizens fare so horribly in the world.
"HAV3 TH3 BRIDG3S OF INSANITY B33N CROSS3D AND FOR3V3R R3TRACT3D???." - Meshuggah, "3ntrapm3nt", from Catch Thirty Thr33 (2005)
I believe she is playing wo
March 17, 2007 - 02:17 ET by ApacheIPI believe she is playing word games. I believe that within the CIA, they have their own definition of "covert". It is a pity that no one asked her if she qualified as "covert" under current law. I suspect that the answer would be "no".
How can a person who drives to CIA headquarters every morning 5 days a week and departs CIA headquarters every evening 5 days a week, call themselves "convert"? Yeah, they are real covert alright. She was deep under cover, wasn't she?
What a complete crock of sh!t and separation from reality. And here you are, defending it as if it makes perfect sense. Who is the bigger fool? Her, for expecting us to believe that she was "covert", or you for defending her position?
Hannity was impressed with
March 17, 2007 - 05:10 ET by sarcasmoHannity was impressed with the Victoria lawyer who wrote the law. sarcasmo wasn't. It seems the terminology of her law does not fit the terms the CIA actually uses. The law in question was hastily drafted in response to US government embarassment & anger at a previous leak, but it did NOT define obvious terms well enough for Victoria to be able to define simple words like "leak" and "covert" in a hearing in a simple coherent way. "Covert under the act" was literally being parsed to mean something separate from just "covert." During her testimony, I literally had a Clinton "what the meaning of 'is' is" moment at that point, it got so bad. If you're going to write yet-another law (and the US Code is nothing if not voluminous already!) you need to coherently define the operative terms that will be used in that law, because even if you're a politically ambitious Republican prosecutor that Sean Hannity likes, you can really come off as looking pretty-stupid if you don't. She looked pretty-stupid to me, and Plame, while pretty, seemed dishonest, but now even BASIC factual stuff I thought we "knew" like "was she officially out of the country on CIA business over the last 5 years?" is in question.
JMR
waka...I asked you a day or t
March 16, 2007 - 19:58 ET by Clear thinkerwaka...
I asked you a day or two ago, but I can't find the thread I asked so will try again.
I'm interested in your tag line.
Can you prove it?
The liberal MSM has become an enemy of the USA.
I think reality has proved it
March 16, 2007 - 20:10 ET by waka wakaI think reality has proved it, buddy. Witness the implosion of the Bush administration since actual Congressional oversight has begun. We still have 20 months of investigations to go. Who knows what other dirty secrets are yet to be uncovered.
Nixon will look like Reagan by the time this administration is finished. W is the opposite of FDR, Lincoln or [Insert favorite president's name here].
Reality has a well known liberal bias.
I don't trust your reality so
March 16, 2007 - 20:15 ET by Clear thinkerI don't trust your reality so I'm gonna need better proof than that.
What implosion? All I see is a bunch of angry Dems looking for something to hang Bush with, and so far they can't even find a rope!
The liberal MSM has become an enemy of the USA.
One word: "Gone"zales! Will
March 16, 2007 - 20:24 ET by waka wakaOne word: "Gone"zales!
Will that be proof enough for you?
Reality has a well known liberal bias.
Sorry for engaging you in a
March 16, 2007 - 20:29 ET by Clear thinkerSorry for engaging you in a conversation, I thought for a moment you were wanting a serious discussion.
You can go back to moveon.org now.
The liberal MSM has become an enemy of the USA.
Ct...Here is a real good web-
March 16, 2007 - 20:35 ET by bigtimerCt...
Here is a real good web-site to see what all the conservatives better pay attention to that we have to fight, that critters like waka come from...we have18- 21Senators up for grab in 08, I just wonder when the republican party is really going to pay attention and fight.
Tom Delay mentioned it today on Rush, I still haven't got to go through the site as much as I want yet...hopefully this week-end though.
Anybody else want to see all the left-wingers and groups check this out if you want, or bookmark it. http://discoverthenetwork.org/
bt...Thanks! Will take a quic
March 16, 2007 - 20:44 ET by Clear thinkerbt...
Thanks! Will take a quick look.
The liberal MSM has become an enemy of the USA.
Well, Fozzie has seemed to ma
March 16, 2007 - 21:24 ET by Roger the ShrubberWell, Fozzie has seemed to master all the Leftie slogans and catch-phrases.
If reality truly has a libera
March 17, 2007 - 18:59 ET by UnsaneIf reality truly has a liberal bias as you say:
1) Explain why the Second World is no longer with us.
2) Why is it that nations that steal from their most productive citizens in order to reward and coddle their biggest failures fare so damn badly in the world?
If THIS is Congressional oversight, I am terrified of the day the Left gets power in the Executive. They cannot even agree on how to go about doing it. For instance, how goes that Dem plan to force the producers to pay their workers what they haven't earned by using the force of law to steal from them (the minimum wage increase proposal)?
Besides, the Dems have had Congressional oversight for over six years now, even as a minority party, and they have been miserable failures in that role. Yet you still eagerly vote for them, because of your need to be coddled by The Big Washington Nanny.
"HAV3 TH3 BRIDG3S OF INSANITY B33N CROSS3D AND FOR3V3R R3TRACT3D???." - Meshuggah, "3ntrapm3nt", from Catch Thirty Thr33 (2005)
There goes the thread...
March 16, 2007 - 21:25 ET by Roger the ShrubberThere goes the thread...
Illustrative
March 16, 2007 - 21:53 ET by nkviking75Shrub,
Nice illustration of life under a Democrat Congress.
Nice tactic! Divert attent
March 17, 2007 - 02:27 ET by ApacheIPNice tactic! Divert attention from the topic of the thread, because you can't possibly win the argument. A perfect tactic for the person with the weaker argument.
Liberals really think that
March 16, 2007 - 18:44 ET by motherbeltLiberals really think that raising taxes won't change people's behavior. Question: If it was decided that beginning next year, all income over $200,000 would be taxed at 100%, how many people do you think would earn over $200,000?
MB,That would be ZERO..I reme
March 16, 2007 - 19:41 ET by upcountrywaterMB,
That would be ZERO..I remember carters top rate of 70%, boy did those dazes suk.
New York Democrat Governor El
March 17, 2007 - 07:01 ET byNew York Democrat Governor Elliot Spitzer is taking a Billion Dollars in Hospital care money and using it to give free health care to children here in New York.
Now people who voted for him are speaking out against him because it is going to cause problems in hospitals like even longer waits in emergency rooms. There are ads on TV with nurses talking about this.
Spitzer, I assume with NY tax money, is running counter ads, with a group of church robed kids singing "Halleluiah" to his taking the money and giving it to kids. (hmm...so much for the liberals' cry for "separation of church and state." I guess when it suits them, it's okay.)
Well, anyway, I love what my youngest daughter said to me, when I was telling her about it. Becky (17yrs old) said, "Oh, so he is giving them health care, so that they go to the hospital, wait for ever, and then get bad care.
I love my kids.... :o)
Debra...