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Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt" ?
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Hitch Offline
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Post: #1
Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt" ?
I don't think those three things actually go together. Someone should let Rick Perry know. He's in.

https://rickperry.org/issues


Noticeably absent in the issues he's highlighting? Social issues (though he does include them in the "record" section).
06-04-2015 12:58 PM
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shiftyeagle Offline
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RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt" ?
Believe it or not, there is actually a way to eliminate debt besides taxing the living shiit out of everyone.

Its an extremely difficult concept to grasp by most liberals and many conservatives alike.
(This post was last modified: 06-04-2015 01:28 PM by shiftyeagle.)
06-04-2015 01:28 PM
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UCF08 Offline
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Post: #3
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-04-2015 01:28 PM)shiftyeagle Wrote:  Believe it or not, there is actually a way to eliminate debt besides taxing the living shiit out of everyone.

Its an extremely difficult concept to grasp by most liberals and many conservatives alike.

The only actual way we'll ever lower our debt is by both cutting spending and raising taxes. Unless you wish to remove SS or something equally as ludicrous, mathematically speaking we're pretty much going to have to raise taxes to pay off this debt.
06-05-2015 06:33 AM
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UofMstateU Offline
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Post: #4
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-05-2015 06:33 AM)UCF08 Wrote:  
(06-04-2015 01:28 PM)shiftyeagle Wrote:  Believe it or not, there is actually a way to eliminate debt besides taxing the living shiit out of everyone.

Its an extremely difficult concept to grasp by most liberals and many conservatives alike.

The only actual way we'll ever lower our debt is by both cutting spending and raising taxes. Unless you wish to remove SS or something equally as ludicrous, mathematically speaking we're pretty much going to have to raise taxes to pay off this debt.

we tried that over and over again. It doesnt work. Tell that to all the cities that have done it and seen their tax base run off.

You must lower taxes to retain the tax base, then cut the **** out of spending.
06-05-2015 09:00 AM
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Owl 69/70/75 Online
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Post: #5
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-05-2015 09:00 AM)UofMstateU Wrote:  
(06-05-2015 06:33 AM)UCF08 Wrote:  
(06-04-2015 01:28 PM)shiftyeagle Wrote:  Believe it or not, there is actually a way to eliminate debt besides taxing the living shiit out of everyone.
Its an extremely difficult concept to grasp by most liberals and many conservatives alike.
The only actual way we'll ever lower our debt is by both cutting spending and raising taxes. Unless you wish to remove SS or something equally as ludicrous, mathematically speaking we're pretty much going to have to raise taxes to pay off this debt.
we tried that over and over again. It doesnt work. Tell that to all the cities that have done it and seen their tax base run off.
You must lower taxes to retain the tax base, then cut the **** out of spending.

You can't raise tax rates, which are already far too high by world standards. What you can do is lower tax rates while increasing the tax base. Doing like Europe and implementing a consumption tax, then lowering and flattening individual and corporate income tax rates while eliminating loopholes, is the only way to raise revenues significantly.

The only reason that you can't cut spending is that every dime is somebody's sacred cow. Some people need to grow a pair.
06-07-2015 02:21 PM
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DefCONNOne Offline
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Post: #6
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-07-2015 02:21 PM)Owl 69/70/75 Wrote:  
(06-05-2015 09:00 AM)UofMstateU Wrote:  
(06-05-2015 06:33 AM)UCF08 Wrote:  
(06-04-2015 01:28 PM)shiftyeagle Wrote:  Believe it or not, there is actually a way to eliminate debt besides taxing the living shiit out of everyone.
Its an extremely difficult concept to grasp by most liberals and many conservatives alike.
The only actual way we'll ever lower our debt is by both cutting spending and raising taxes. Unless you wish to remove SS or something equally as ludicrous, mathematically speaking we're pretty much going to have to raise taxes to pay off this debt.
we tried that over and over again. It doesnt work. Tell that to all the cities that have done it and seen their tax base run off.
You must lower taxes to retain the tax base, then cut the **** out of spending.

You can't raise tax rates, which are already far too high by world standards. What you can do is lower tax rates while increasing the tax base. Doing like Europe and implementing a consumption tax, then lowering and flattening individual and corporate income tax rates while eliminating loopholes, is the only way to raise revenues significantly.

The only reason that you can't cut spending is that every dime is somebody's sacred cow. Some people need to grow a pair.

You're all over the map here. "You can't raise rates, you need to lower rates, followed by enacting a tax I just said couldn't be raised."

Hypocrisy, thy name is Owl.
06-07-2015 03:08 PM
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Post: #7
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-04-2015 12:58 PM)Hitch Wrote:  I don't think those three things actually go together. Someone should let Rick Perry know. He's in.

https://rickperry.org/issues


Noticeably absent in the issues he's highlighting? Social issues (though he does include them in the "record" section).

We could stop all of the income redistribution. That would pay for it.
06-07-2015 03:36 PM
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JMUDunk Offline
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Post: #8
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
Lol.

Why is the one word that is THE only way out of this mess continually ignored, missed or forgotten?

We can't tax our way to prosperity, it's been tried, time and time again and has failed spectacularly every time. Why this belief that sucking ever more money out of peoples pockets so we can send it to DeeCee where they can decide what to waste it on is a good idea is waaaaay beyond me. Or any other rational person for that matter.

We can't cut our way out of this, not in the current Santa Clause climate. There isn't the political will from either side to actually CUT, not "reduce the rate of growth" and call that a cut, but make real cuts in real $$$'s spent. Not gonna happen. If we can't eliminate such useless bureaucracies like the Dept. of "Education" or the Department of "Energy" (can anyone tell us what our current energy policy specifically is? Other than prices will necessarily skyrocket?), then we can't cut anything.

Most of the money is being sucked up by entitlements anyway, and we do nothing currently other than rush as fast as we can to expand those entitlements. To record levels. We are entitlement Nation, and it's now become ingrained in our societal culture. If you, instead, work hard, play by the rules, scrap, save, put off the instant gratification or graft of taking from others, in other words eschew the entitlement mentality, you are called an idiot. Only an idiot would do all those things today, rather than game the system like everyone else.

So that leaves only one way out of this or making it possible to put off the inevitable-

Growth. Grow the freaking economy for a change, and I mean real growth. Not this paltry 2.4% annual, with qtrs of retraction sprinkled in there, but real, robust, sustained growth. 4,5, even 8% annually and watch the tax receipts pour in.

Get government and the shadow government, the bloated bureaucracies who's real mission each and every day is to maintain their useless positions, out of the way and let the American people get back to work.

Perry did indeed help to make this happen in the Great State of Texas, and there are other good governors having similar success elsewhere, despite the best efforts of the Federal stymie machine. So we know it can be done.

Get this economy going again for the first time in nearly a decade and a lot of these problems simply go away. Many of you here have probably never really witnessed a truly roaring economy, so have no idea. But it can happen, and as history as our guide we know how to get it going. Question is, are we too dumb to put the right kind of people in the right offices to help facilitate this, or do we continue down this same failed path?

I fear we've become too dumb.
06-07-2015 03:48 PM
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WoodlandsOwl Offline
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Post: #9
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
When you pay $180 million for a crappy F-35, $600 million for a crappy LCS that can't survive expected battle damage, and $13 billion for an aircraft carrier that can't launch aircraft I say you are wasting a hell of a lot of money.

And DoD was told beforehand that the systems won't work as advertised.
06-07-2015 05:47 PM
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JMUDunk Offline
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RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-07-2015 05:47 PM)WMD Owl Wrote:  When you pay $180 million for a crappy F-35, $600 million for a crappy LCS that can't survive expected battle damage, and $13 billion for an aircraft carrier that can't launch aircraft I say you are wasting a hell of a lot of money.

And DoD was told beforehand that the systems won't work as advertised.

Uhh, okay. Did you have a point here?

Who would suggest this ^^^ is a good thing?

That's the point, stop wasting, start growing or did you miss that?

And even stopping 13.780 billion in its tracks tomorrow won't pay the bills for an afternoon. You know that, right? It goes a might far deeper than that silliness.
06-08-2015 01:51 AM
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Hitch Offline
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Post: #11
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
[Image: 4_things_to_look_for_in_obama_budget_wes....png?la=en]

I'll assume that Perry's campaign means "deficit" when they talk about "debt" but the point remains: Any cuts must come from entitlements if they are to be meaningful. You can't close a ~14% budget deficit by playing around with education (~2%), energy (~1%), or the like.

Do any candidates want to talk about cutting Social Security or Medicare? 03-no

Under the right circumstances, targeted tax cuts can stimulate growth but who is willing to accept the larger deficits while you wait for that to pan out?
(This post was last modified: 06-08-2015 08:56 AM by Hitch.)
06-08-2015 08:56 AM
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vandiver49 Offline
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Post: #12
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-07-2015 03:48 PM)JMUDunk Wrote:  Lol.

Why is the one word that is THE only way out of this mess continually ignored, missed or forgotten?

We can't tax our way to prosperity, it's been tried, time and time again and has failed spectacularly every time. Why this belief that sucking ever more money out of peoples pockets so we can send it to DeeCee where they can decide what to waste it on is a good idea is waaaaay beyond me. Or any other rational person for that matter.

We can't cut our way out of this, not in the current Santa Clause climate. There isn't the political will from either side to actually CUT, not "reduce the rate of growth" and call that a cut, but make real cuts in real $$$'s spent. Not gonna happen. If we can't eliminate such useless bureaucracies like the Dept. of "Education" or the Department of "Energy" (can anyone tell us what our current energy policy specifically is? Other than prices will necessarily skyrocket?), then we can't cut anything.

Most of the money is being sucked up by entitlements anyway, and we do nothing currently other than rush as fast as we can to expand those entitlements. To record levels. We are entitlement Nation, and it's now become ingrained in our societal culture. If you, instead, work hard, play by the rules, scrap, save, put off the instant gratification or graft of taking from others, in other words eschew the entitlement mentality, you are called an idiot. Only an idiot would do all those things today, rather than game the system like everyone else.

So that leaves only one way out of this or making it possible to put off the inevitable-

Growth. Grow the freaking economy for a change, and I mean real growth. Not this paltry 2.4% annual, with qtrs of retraction sprinkled in there, but real, robust, sustained growth. 4,5, even 8% annually and watch the tax receipts pour in.

Get government and the shadow government, the bloated bureaucracies who's real mission each and every day is to maintain their useless positions, out of the way and let the American people get back to work.

Perry did indeed help to make this happen in the Great State of Texas, and there are other good governors having similar success elsewhere, despite the best efforts of the Federal stymie machine. So we know it can be done.

Get this economy going again for the first time in nearly a decade and a lot of these problems simply go away. Many of you here have probably never really witnessed a truly roaring economy, so have no idea. But it can happen, and as history as our guide we know how to get it going. Question is, are we too dumb to put the right kind of people in the right offices to help facilitate this, or do we continue down this same failed path?

I fear we've become too dumb.

I'm of the opinion that there isn't that much growth to be had. Technological efficiency has resulted in larger revenues with less employment.
06-08-2015 08:58 AM
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Hitch Offline
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Post: #13
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-08-2015 08:58 AM)vandiver49 Wrote:  I'm of the opinion that there isn't that much growth to be had. Technological efficiency has resulted in larger revenues with less employment.

Much of the "growth" we've seen over the last few decades has been driven by productivity (i.e., profitability). This leads to bigger returns for investors and owners but workers are not seeing increases in their paychecks.

[Image: productivity.png]

So what's the answer? Until there's a new growth industry that is also labor intensive, we're not going to see wages or meaningful employment catch up. Some speculated that healthcare could be that new industry, but that's not an exportable industry.
06-08-2015 09:19 AM
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JMUDunk Offline
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Post: #14
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-08-2015 08:58 AM)vandiver49 Wrote:  
(06-07-2015 03:48 PM)JMUDunk Wrote:  Lol.

Why is the one word that is THE only way out of this mess continually ignored, missed or forgotten?

We can't tax our way to prosperity, it's been tried, time and time again and has failed spectacularly every time. Why this belief that sucking ever more money out of peoples pockets so we can send it to DeeCee where they can decide what to waste it on is a good idea is waaaaay beyond me. Or any other rational person for that matter.

We can't cut our way out of this, not in the current Santa Clause climate. There isn't the political will from either side to actually CUT, not "reduce the rate of growth" and call that a cut, but make real cuts in real $$$'s spent. Not gonna happen. If we can't eliminate such useless bureaucracies like the Dept. of "Education" or the Department of "Energy" (can anyone tell us what our current energy policy specifically is? Other than prices will necessarily skyrocket?), then we can't cut anything.

Most of the money is being sucked up by entitlements anyway, and we do nothing currently other than rush as fast as we can to expand those entitlements. To record levels. We are entitlement Nation, and it's now become ingrained in our societal culture. If you, instead, work hard, play by the rules, scrap, save, put off the instant gratification or graft of taking from others, in other words eschew the entitlement mentality, you are called an idiot. Only an idiot would do all those things today, rather than game the system like everyone else.

So that leaves only one way out of this or making it possible to put off the inevitable-

Growth. Grow the freaking economy for a change, and I mean real growth. Not this paltry 2.4% annual, with qtrs of retraction sprinkled in there, but real, robust, sustained growth. 4,5, even 8% annually and watch the tax receipts pour in.

Get government and the shadow government, the bloated bureaucracies who's real mission each and every day is to maintain their useless positions, out of the way and let the American people get back to work.

Perry did indeed help to make this happen in the Great State of Texas, and there are other good governors having similar success elsewhere, despite the best efforts of the Federal stymie machine. So we know it can be done.

Get this economy going again for the first time in nearly a decade and a lot of these problems simply go away. Many of you here have probably never really witnessed a truly roaring economy, so have no idea. But it can happen, and as history as our guide we know how to get it going. Question is, are we too dumb to put the right kind of people in the right offices to help facilitate this, or do we continue down this same failed path?

I fear we've become too dumb.

I'm of the opinion that there isn't that much growth to be had. Technological efficiency has resulted in larger revenues with less employment.

And people have been saying that for the entire history of mankind. "Everything that can be invented has been invented." was coined by the head of the Patent office in the late 1800's, supposedly. I think that has now been debunked a a poor interpretation, but the sentiment has now been around for well over a century.

This was prior to the first flight! We had a similar, momentary stall in the early-mid 80's as well, and a common belief or sentiment was that we would be overtaken soon enough by the Japanese. Yea, that didn't happen.

I don't know what the next "BIG thing" is going to be, if I had to bet it would be in the bio-medical fields, cancer and other diseases research and cures, 3-d manufacturing and other fields just on the cusp.

There's a lot going on out there right now, but for the folks currently sitting on the sideline it's only going to become that much tougher to get back in later.
06-08-2015 12:46 PM
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vandiver49 Offline
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Post: #15
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-08-2015 12:46 PM)JMUDunk Wrote:  
(06-08-2015 08:58 AM)vandiver49 Wrote:  
(06-07-2015 03:48 PM)JMUDunk Wrote:  Lol.

Why is the one word that is THE only way out of this mess continually ignored, missed or forgotten?

We can't tax our way to prosperity, it's been tried, time and time again and has failed spectacularly every time. Why this belief that sucking ever more money out of peoples pockets so we can send it to DeeCee where they can decide what to waste it on is a good idea is waaaaay beyond me. Or any other rational person for that matter.

We can't cut our way out of this, not in the current Santa Clause climate. There isn't the political will from either side to actually CUT, not "reduce the rate of growth" and call that a cut, but make real cuts in real $$$'s spent. Not gonna happen. If we can't eliminate such useless bureaucracies like the Dept. of "Education" or the Department of "Energy" (can anyone tell us what our current energy policy specifically is? Other than prices will necessarily skyrocket?), then we can't cut anything.

Most of the money is being sucked up by entitlements anyway, and we do nothing currently other than rush as fast as we can to expand those entitlements. To record levels. We are entitlement Nation, and it's now become ingrained in our societal culture. If you, instead, work hard, play by the rules, scrap, save, put off the instant gratification or graft of taking from others, in other words eschew the entitlement mentality, you are called an idiot. Only an idiot would do all those things today, rather than game the system like everyone else.

So that leaves only one way out of this or making it possible to put off the inevitable-

Growth. Grow the freaking economy for a change, and I mean real growth. Not this paltry 2.4% annual, with qtrs of retraction sprinkled in there, but real, robust, sustained growth. 4,5, even 8% annually and watch the tax receipts pour in.

Get government and the shadow government, the bloated bureaucracies who's real mission each and every day is to maintain their useless positions, out of the way and let the American people get back to work.

Perry did indeed help to make this happen in the Great State of Texas, and there are other good governors having similar success elsewhere, despite the best efforts of the Federal stymie machine. So we know it can be done.

Get this economy going again for the first time in nearly a decade and a lot of these problems simply go away. Many of you here have probably never really witnessed a truly roaring economy, so have no idea. But it can happen, and as history as our guide we know how to get it going. Question is, are we too dumb to put the right kind of people in the right offices to help facilitate this, or do we continue down this same failed path?

I fear we've become too dumb.

I'm of the opinion that there isn't that much growth to be had. Technological efficiency has resulted in larger revenues with less employment.

And people have been saying that for the entire history of mankind. "Everything that can be invented has been invented." was coined by the head of the Patent office in the late 1800's, supposedly. I think that has now been debunked a a poor interpretation, but the sentiment has now been around for well over a century.

This was prior to the first flight! We had a similar, momentary stall in the early-mid 80's as well, and a common belief or sentiment was that we would be overtaken soon enough by the Japanese. Yea, that didn't happen.

I don't know what the next "BIG thing" is going to be, if I had to bet it would be in the bio-medical fields, cancer and other diseases research and cures, 3-d manufacturing and other fields just on the cusp.

There's a lot going on out there right now, but for the folks currently sitting on the sideline it's only going to become that much tougher to get back in later.

I didn't say that we are running out of stuff to invent, just that it is no longer necessary to employ scores of people to get the job done.
06-08-2015 12:53 PM
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blunderbuss Offline
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Post: #16
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt" ?
Nothing us going to change until DC cuts corporate tax rates significantly and large companies start making **** here again.
That's the bottom line.
(This post was last modified: 06-08-2015 01:01 PM by blunderbuss.)
06-08-2015 01:00 PM
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JMUDunk Offline
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Post: #17
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-08-2015 12:53 PM)vandiver49 Wrote:  
(06-08-2015 12:46 PM)JMUDunk Wrote:  
(06-08-2015 08:58 AM)vandiver49 Wrote:  
(06-07-2015 03:48 PM)JMUDunk Wrote:  Lol.

Why is the one word that is THE only way out of this mess continually ignored, missed or forgotten?

We can't tax our way to prosperity, it's been tried, time and time again and has failed spectacularly every time. Why this belief that sucking ever more money out of peoples pockets so we can send it to DeeCee where they can decide what to waste it on is a good idea is waaaaay beyond me. Or any other rational person for that matter.

We can't cut our way out of this, not in the current Santa Clause climate. There isn't the political will from either side to actually CUT, not "reduce the rate of growth" and call that a cut, but make real cuts in real $$$'s spent. Not gonna happen. If we can't eliminate such useless bureaucracies like the Dept. of "Education" or the Department of "Energy" (can anyone tell us what our current energy policy specifically is? Other than prices will necessarily skyrocket?), then we can't cut anything.

Most of the money is being sucked up by entitlements anyway, and we do nothing currently other than rush as fast as we can to expand those entitlements. To record levels. We are entitlement Nation, and it's now become ingrained in our societal culture. If you, instead, work hard, play by the rules, scrap, save, put off the instant gratification or graft of taking from others, in other words eschew the entitlement mentality, you are called an idiot. Only an idiot would do all those things today, rather than game the system like everyone else.

So that leaves only one way out of this or making it possible to put off the inevitable-

Growth. Grow the freaking economy for a change, and I mean real growth. Not this paltry 2.4% annual, with qtrs of retraction sprinkled in there, but real, robust, sustained growth. 4,5, even 8% annually and watch the tax receipts pour in.

Get government and the shadow government, the bloated bureaucracies who's real mission each and every day is to maintain their useless positions, out of the way and let the American people get back to work.

Perry did indeed help to make this happen in the Great State of Texas, and there are other good governors having similar success elsewhere, despite the best efforts of the Federal stymie machine. So we know it can be done.

Get this economy going again for the first time in nearly a decade and a lot of these problems simply go away. Many of you here have probably never really witnessed a truly roaring economy, so have no idea. But it can happen, and as history as our guide we know how to get it going. Question is, are we too dumb to put the right kind of people in the right offices to help facilitate this, or do we continue down this same failed path?

I fear we've become too dumb.

I'm of the opinion that there isn't that much growth to be had. Technological efficiency has resulted in larger revenues with less employment.

And people have been saying that for the entire history of mankind. "Everything that can be invented has been invented." was coined by the head of the Patent office in the late 1800's, supposedly. I think that has now been debunked a a poor interpretation, but the sentiment has now been around for well over a century.

This was prior to the first flight! We had a similar, momentary stall in the early-mid 80's as well, and a common belief or sentiment was that we would be overtaken soon enough by the Japanese. Yea, that didn't happen.

I don't know what the next "BIG thing" is going to be, if I had to bet it would be in the bio-medical fields, cancer and other diseases research and cures, 3-d manufacturing and other fields just on the cusp.

There's a lot going on out there right now, but for the folks currently sitting on the sideline it's only going to become that much tougher to get back in later.

I didn't say that we are running out of stuff to invent, just that it is no longer necessary to employ scores of people to get the job done.

Well, no, we're not going to be hand digging the Panama Canal again, and I do get your point, not just being an asss, I just happen to disagree. We have jobs ALL OVER the place that need filling, we simply don't have the right folks to fill them.
Someone has to do the inventing too though, correct?

Then the manufacturing, the implementation of systems etc etc. For every job that's lost to automation by using robotics, we pick up a couple making the robot, or maintaining them, "supervising" them etc.

The energy sector is another obvious area, we develop more and more of an insatiable need for energy every day, with every new gadget we plug in.
I think there's lots to do, we just need a labor force willing(?) and able to do the jobs.
06-08-2015 01:01 PM
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Post: #18
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-08-2015 01:00 PM)blunderbuss Wrote:  Nothing us going to change until DC cuts corporate tax rates significantly and large companies start making **** here again.
That's the bottom line.

That is most certainly a large part of the "let's get this joint a-jumpin' again" part.
That and remove all the heavy handed restrictions on doing anything larger than taking a dump, find the bureaucrats a nice golf course to spend their time on and out of our way.
They're more of a problem than the solutions they are put in place to supposedly produce.
Our bloated Federal Gubment- the worlds largest, most expensive social program.
06-08-2015 01:07 PM
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NIU007 Offline
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Post: #19
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt" ?
So what if you lower corporate tax rates and the corporations still don't move back to the US because overseas they can pay wages that are 1/8 as much and they don't have to worry about polluting their neighborhood or providing safe work environments? Now you still don't have the jobs created here, and you get less tax revenue. How much do you have to lower the tax rates, and what is the actual expected increase in tax revenue due to the increased business?
06-08-2015 02:46 PM
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Hitch Offline
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Post: #20
RE: Possible to Lower Taxes, Invest in National Security, and "Eliminate Debt&quo...
(06-08-2015 02:46 PM)NIU007 Wrote:  So what if you lower corporate tax rates and the corporations still don't move back to the US because overseas they can pay wages that are 1/8 as much and they don't have to worry about polluting their neighborhood or providing safe work environments? Now you still don't have the jobs created here, and you get less tax revenue. How much do you have to lower the tax rates, and what is the actual expected increase in tax revenue due to the increased business?

That's part of a larger conversation about the strength of the dollar and export volatility.
06-08-2015 02:54 PM
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