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Wednesday, April 30, 2008

Shocker: Government Tax Revenues Continue To Grow After The Bush Tax Cuts

So can we quit pretending that the Bush tax cuts created deficits and “cost” the government money and focus on the real problem with budget deficits?

Which is, without a doubt, out of control government spending?

Or would that make too much sense?

Comments

Ooops all of these lefties are going be running you out of town for this one.


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goon on April 30, 2008 at 12:13 pm

The Bush tax cuts are smoke and mirrors.  Receipts are because of the inflation tax. Duh!


"All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit and circulation.”
- John Adams

Troy_Pineri on April 30, 2008 at 01:12 pm
Rob
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The Bush tax cuts are smoke and mirrors.  Receipts are because of the inflation tax.

You’ve got to be pretty stupid to think that inflation accounts for a 14.5% increase in federal tax receipts in 2006.

14.5%.  That’s not inflation, genius.


The war against illegal plunder has been fought since the beginning of the world. But how is… legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime. Then abolish this law without delay … If such a law is not abolished immediately it will spread, multiply and develop into a system.

Frédéric Bastiat, The Law

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Rob on April 30, 2008 at 01:18 pm

Rob: When the numbers don’t agree with the leftie propaganda, they were obviously “fiddled”, don’t you know?  No matter how wrong they are, lefties are never wrong, in their own opinion.


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on April 30, 2008 at 01:28 pm

Progressivism 101:

Facts have no inherent validity.  Those facts which support the desired outcome are of necessity true, while those which work against the desired outcome are of necessity untrue.

And from Progressivism there descended socialism and fascism, and modern liberalism; all with the same relationship to facts.


Out Here
Rodney G. Graves

Persia delenda est.
Latin: “Persia (modern day Iran) should be destoyed”

Rodney Graves on April 30, 2008 at 01:33 pm

Rob: When the numbers don’t agree with the leftie propaganda, they were obviously “fiddled”, don’t you know?  No matter how wrong they are, lefties are never wrong, in their own opinion.

The fiddling of the numbers started with Kennedy, and Johnson took it to a whole new level. Both Democrats.  Carter and Clinton both fiddled with the numbers as well.  Both Democrats.  Who did it worse and when is a waste of time.  It happened and is happening.  I don’t understand why the republicans are not more upset with this government tampering.  These stats are important in making financial decisions and should be honestly and consistently reported; no matter of the political fallout.  As long you apologize for it no matter where you stand in the political spectrum; it will continue to happen.

Over and Over again I read here the correct definition of recession.  Where is the correct definition (math formula) for inflation?  Why is it so critical to have an exact definition for one and not the other?  They should both have exact definitions and be used accordingly.


"All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit and circulation.”
- John Adams

Troy_Pineri on April 30, 2008 at 02:34 pm

You’ve got to be pretty stupid to think that inflation accounts for a 14.5% increase in federal tax receipts in 2006.
14.5%.  That’s not inflation, genius.

Inflation and Inflation tax are different.  If the government misreprents the inflation; the growth on investments is not real and you pay tax (inflation tax) on the BS capital gains.


"All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit and circulation.”
- John Adams

Troy_Pineri on April 30, 2008 at 02:37 pm
Rob
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Anyone else thinking Troy needs to go back to economics 101?


The war against illegal plunder has been fought since the beginning of the world. But how is… legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime. Then abolish this law without delay … If such a law is not abolished immediately it will spread, multiply and develop into a system.

Frédéric Bastiat, The Law

Rob’s recently listened-to songs:

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Rob on April 30, 2008 at 02:40 pm
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Troy, maybe there’s some work of a progressive economist (Paul Krugman?) that you could plagiarize in the comments here to make your point.

I mean, that’s what you usually do.


The war against illegal plunder has been fought since the beginning of the world. But how is… legal plunder to be identified? Quite simply. See if the law takes from some persons what belongs to them, and gives it to other persons to whom it does not belong. See if the law benefits one citizen at the expense of another by doing what the citizen himself cannot do without committing a crime. Then abolish this law without delay … If such a law is not abolished immediately it will spread, multiply and develop into a system.

Frédéric Bastiat, The Law

Rob’s recently listened-to songs:

robport.gif border=0

Rob on April 30, 2008 at 02:41 pm

How much has our government borrowed so far?
How much has our national debt increased?
Now, if the above two figures decreased or remained unchanched, and tax revenues increased I would say bravo! But the numbers do not match, And your math does not add up.

ellinas on April 30, 2008 at 02:53 pm

Anyone else thinking Troy needs to go back to economics 101?

Troy, maybe there’s some work of a progressive economist (Paul Krugman?) that you could plagiarize in the comments here to make your point.
I mean, that’s what you usually do.

Nice response, really full of substance.

And about plagiarism, since you opened the door, I have admited to mine, when is the Ag Secretary going to do likewise?  I have seen posts on here about the National Republic (I think that is what it is called) about there plagiarizing columnist, and they printed a story about it in their own magazine.  Can we expect something similiar from the Dakota Beacon?  They are a publication with ethics are they not?


"All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit and circulation.”
- John Adams

Troy_Pineri on April 30, 2008 at 02:57 pm

But the numbers do not match, And your math does not add up.

You forgot the increased spending.  Duh.  That’s why your numbers don’t “match”.  Take a bookkeeping course before you try to understand this stuff.


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on April 30, 2008 at 03:03 pm

Rob: In all fairness to Troy(and the other economic ignoramuses on the left), his parroting of leftie talking points isn’t really plagiarism; they just have so few actual ideas that they must all constantly repeat them.  Their economic ideas are all founded in the teachings of Karl Marx, and there just isn’t anything original there since the middle of the Nineteenth Century.  They are “fixed pie” believers, so if you have economic growth, it must be illusory in some way, since according to their beliefs, economic growth can’t happen.  So, they make up stuff about deficits, debt and borrowing.  They don’t object to the Dems confiscation and spending, but when Republicans borrow to repair the damage, they start cackling like a bunch of hens.


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on April 30, 2008 at 03:07 pm

How much has our government borrowed so far?
How much has our national debt increased?

First off who cares, second if the government had a surplus that means they have too much of your money.


check out Goon’s World

http://ndgoon.blogspot.com/

Goon’s North Dakota Red Neck

http://redneckndgoon.blogspot.com/

goon on April 30, 2008 at 07:46 pm

How much has our government borrowed so far?
How much has our national debt increased?

First off who cares, second if the government had a surplus that means they have too much of your money.

goon on April 30, 2008 at 07:46 pm

You better care! There is no surplus. Yes I agree they take too much in taxes and spend too much! So they better start cutting on their democracy spreading and concentrate on America and the future generations. Borrowing from China to pay our bills is not the answer.

ellinas on April 30, 2008 at 08:36 pm

So they better start cutting on their democracy
spreading and concentrate on America and the future generations. Borrowing from China to pay our bills is not the answer.

You really don’t know anything, do you?


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on April 30, 2008 at 08:50 pm

So they better start cutting on their democracy

How about if we cut down on our welfare programs instead since there is where 70-80 percent of the Federal money is spent.


Being liberal is never having to admit you’re wrong

docdave on April 30, 2008 at 08:57 pm
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You’ve got to be pretty stupid to think that inflation accounts for a 14.5% increase in federal tax receipts in 2006.

14.5%.  That’s not inflation, genius.

This must be the courteous right wing responses I am supposed to expect if we act in the manner you wish, right?

So got that everyone?  You be nice and friendly so they can call you names and act like assholes.

Hannitized on April 30, 2008 at 09:04 pm

They don’t object to the Dems confiscation and spending, but when Republicans borrow to repair the damage,

R108 there really is no difference.  The American debts are paid by the taxpayers either through taxes and/or inflation.


"All the perplexities, confusion and distress in America arise not from defects in their Constitution or Confederation, nor from want of honor or virtue, so much as downright ignorance of the nature of coin, credit and circulation.”
- John Adams

Troy_Pineri on April 30, 2008 at 09:11 pm

You really don’t know anything, do you?
robert108 on April 30, 2008 at 08:50 pm

And you do?
Let me laugh at that.
Ha! Ha! Ha!

ellinas on April 30, 2008 at 10:05 pm

Let me laugh at that.
Ha! Ha! Ha!

When the Superior Man hears the Truth, he immediately puts it into action;
When the Middling Man hears the Truth, he wants to know more about it;
When the Fool hears the Truth, he laughs...if he didn’t laugh, it would not be the Truth.


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on April 30, 2008 at 11:09 pm

ellinas - So they better start cutting on their democracy spreading and concentrate on America and the future generations.

Must be nice to live in a world where one believes that the military takes up the bulk of the federal budget, instead of the under 20 percent it currently receives. That’s all the left ever talks about cutting. They never bring up their failing socialist Ponzi schemes sucking this country dry. Nope. Instead, the left focuses all of their time on cutting the most successful from the government roll - the United States military.

ellinas, you would probably support the US military if they were complete and utter fuckups. That seems to be the leftie criteria in judging government worth. And the bigger the failure (think welfare, the education system, and SS), the more it is “not adequately funded”.

Spreading democracy actually works, something that can’t be said of your kind’s numerous socialist programs. It helps this country’s security position to economically trade with a country rather than deal with a terrorist sponsoring dictator. It’s too bad that you can’t get on board with that.

In the end, you reward monumental failure while disparaging astounding success. This upside down world you have created for yourself is said to be “reality based” by your fellow clowns on the left.

likwidshoe on April 30, 2008 at 11:12 pm

R108 there really is no difference.

Now we know the limits of your knowledge.

It’s the spending, stupid!  Without fiscal responsibility, nothing is worth anything.  A govt that takes more than it needs to do its legitimate functions will eventually kill the goose that lays the golden eggs....the individually independent population that, acting in its self-interest, generates an ever-expanding pie.  For true greed, you can’t beat govt.  It produces nothing, but takes from those who do produce.  Govt is by nature parasitic, but the wise parasite doesn’t kill the host that feeds it, nor does it substantially weaken it.  You lefties have yet to learn this simple truth.
You suffer from the arrogance of entitlement.


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on April 30, 2008 at 11:15 pm

So got that everyone? You be nice and friendly so they can call you names and act like assholes.

Poor baby!  Hiding inside every arrogant, foulmouthed bully there lives a whiny victim.


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on April 30, 2008 at 11:16 pm

Lik. When was it that I advocated for “failing socialist Ponzi schemes sucking this country dry?”
Inquiring minds want to know. Please stop this tired old meme while you have a chance.

ellinas on May 1, 2008 at 07:28 am

But the numbers do not match, And your math does not add up.

You forgot the increased spending.  Duh.  That’s why your numbers don’t “match”.  Take a bookkeeping course before you try to understand this stuff.

robert108 on April 30, 2008 at 03:03 pm

I have not forgot the increased spending. I always wondered why is it that our government spends more than it takes, and no matter what the answer do not agree with it. While we are bickering as to who’s (repubs or dems) fault is it, the idiots in Washington are destroying our country.

ellinas on May 1, 2008 at 07:37 am

I always wondered why is it that our government spends more than it takes…

Hint: Social spending and entitlements make up about 2/3 of govt spending.


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on May 1, 2008 at 07:53 am

Hint: If the American people want those programs then the answer is to tax them appropriately, and not borrow. When everybody says ouch, then it is time to roll back and spend what we can really afford.

ellinas on May 1, 2008 at 05:16 pm

If the American people want those programs then the answer is to tax them appropriately, and not borrow.

You don’t seem to understand that taxation is confiscation, with no hope of repayment, while borrowing assumes repayment.  Wrong again.  The only legitimate level of taxation is that which is necessary to sustain the legitimate expense of govt, not social engineering and entitlement programs.


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on May 1, 2008 at 06:29 pm

Government borrowing is taxation in disguise. That is what you fail to understand.

ellinas on May 2, 2008 at 08:31 am

Government borrowing is taxation in disguise.

No, it’s not; taxes never get paid back; they just disappear into the pockets of the political class.  A loan gets paid back.  That’s something you apparently don’t understand, just like you don’t understand the difference between economic debt and consumer debt.


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on May 2, 2008 at 08:48 am

ellinas said: So they better start cutting on their democracy spreading and concentrate on America and the future generations. Borrowing from China to pay our bills is not the answer

Time to get rid of the high spending politicians dems and republicans who don’t get it.


check out Goon’s World

http://ndgoon.blogspot.com/

Goon’s North Dakota Red Neck

http://redneckndgoon.blogspot.com/

goon on May 2, 2008 at 09:58 am

Time to get rid of the high spending politicians dems and republicans who don’t get it.
goon on May 2, 2008 at 09:58 am

I agree. However I contend that robert108 is wrong about this borrowing.

ellinas on May 2, 2008 at 10:46 am

However I contend that robert108 is wrong about this borrowing.

Ever hear of War Bonds?


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on May 2, 2008 at 11:06 am

Ever hear of War Bonds?

robert108 on May 2, 2008 at 11:06 am

Ever hear of interest paid on said bonds?

ellinas on May 2, 2008 at 06:28 pm

Ever hear of interest paid on said bonds?

Now you’re going even farther off-topic.  Every year millions of Americans make interest-free loans to the govt; it’s called excess withholding, which results in a refund, which is actually getting your money back with no interest.  It’s not taxes, it’s borrowing, thus the difference between the two.  Borrowing is defined as something to be paid back; the interest(if any) is a matter of negotiation, not definition.


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on May 2, 2008 at 07:05 pm

R108:  Are you sure about this?  Treasury bonds accumulate interest.  Where does the money come from to pay the interest on the bond?


"Here lies, in honored glory, an American soldier, known but to God.”

THIS ELECTION IS ABOUT TWO THINGS: WINNING THE WAR ON TERRORISM AND SAVING THE SUPREME COURT.

pparets on May 2, 2008 at 07:15 pm

Uh Gentlemen,

Bonds issued by the United States government do earn interest.  Both the principle and the interest are repaid from the common fund (our tax dollars).


Out Here
Rodney G. Graves

Persia delenda est.
Latin: “Persia (modern day Iran) should be destoyed”

Rodney Graves on May 2, 2008 at 07:35 pm

Thanks, RGraves:  That’s what I thought.


"Here lies, in honored glory, an American soldier, known but to God.”

THIS ELECTION IS ABOUT TWO THINGS: WINNING THE WAR ON TERRORISM AND SAVING THE SUPREME COURT.

pparets on May 2, 2008 at 07:38 pm

Treasury bonds accumulate interest.

I never said they didn’t; e was just trying to say that a loan with no interest wasn’t really a loan, and I corrected him.  Actually, govt bonds always yield interest, to induce people to buy them.


"If the good men are silent only the wicked are heard.” - Edmund Burke

robert108 on May 2, 2008 at 08:08 pm

I never said they didn’t; e was just trying to say that a loan with no interest wasn’t really a loan, and I corrected him.
robert108 on May 2, 2008 at 08:08 pm

When did I say or imply such a thing?

ellinas on May 2, 2008 at 09:19 pm
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