Who is to blame for the current economic problems: Swingers Discussion 134014

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TOPIC: Who is to blame for the current economic problems

Created by: PeeTWheatstraw Original Starting post for this thread:
I am starting this thread based on a conversation I was having with an individual in the "How's that Obama tax cut working out for ya" thread. I mentioned that I find it odd that so many people are quick to point the finger at the current administration for the current economic problems but have little to say about the administration that just left the office. Are we so caught up in the politics of being Democrat or Republican that we are unwilling to criticize our own party? Whats your opinion?

Created by: PeeTWheatstraw
Original Starting post for this thread:

I am starting this thread based on a conversation I was having with an individual in the "How's that Obama tax cut working out for ya" thread.

I mentioned that I find it odd that so many people are quick to point the finger at the current administration for the current economic problems but have little to say about the administration that just left the office. Are we so caught up in the politics of being Democrat or Republican that we are unwilling to criticize our own party? Whats your opinion?

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User Details are only visible to members.	Tol, you are 100% correct.
Denver CO			Username hidden (1184 post)

User Details are only visible to members.	I place almost 100% of the blame on the US people. If everyone: -Made it a point to buy local, domestically produced products regardless of price -Take pride in what you do for a living, and do it well -Quit electing idiot officials -Quite eating the bullshit the government and media feed to us -Raised their children well, instead of relying on the rest of the village first -Got rid of ANY sense of entitlement -Were willing to accept sacrifice as a way of life -NEVER owned a credit card -Made intelligent financial decisions based on actual research -Understood that their neighbors are their best friend and helped them in any way they could -Only bought what they needed and didn't play "keeping up with the Jones's" We've already had our "fool me once, blame on you", we're into the "fool me again blame on me." We keep allowing ourselves to be fooled by everyone, the media, the government, lending institutions, insurance companies, advertising, etc. The REAL road to success is HARD, and no one wants to hear it. There is no magic pill, or easy money. Quit looking for it, anyone who tries to tell you different is a snake oil salesman. Do you think the farmers, carpenters and blacksmiths that built this country had it easy? What makes you any different? Prepare for long, hard work weeks and enough time at night to make sure that your children know as much or more as you do about something.
Toledo OH			Username hidden (1055 post)

User Details are only visible to members.	1913 and Fiat currency
Martinsburg WV			Username hidden (41 post)

User Details are only visible to members.	dov: Everything you say in your post started in 1965. Johnson started Medicare, along with Bobby Kennedy changed the immigration law allowing unlimited third world people in. Raided money from SS for NAM and Etc. Johnson, 1965 with the FREE STUFF for the FREELOADERS.
Denver CO			Username hidden (1184 post)

User Details are only visible to members.	dov: If we are to start to fix it we have to get rid of Obama. he is the President the buck stops with him. He raised the National Debt 70% from 10 to 17 Trillion. In a second term if he raises it only 50% that is another 8 Trillion to a new 25 Trillion. Pay the interest? HOW
Denver CO			Username hidden (1184 post)

User Details are only visible to members.	Gee, how did we get here! It started really in 1980's. First, it was determined that Social Security should end, the WWII vet's we dying off and we do not owe the rest of this country such a benefit. So, we passed spending bills for Military goods and but did not provide the taxes to pay for them. We passed other bills for more spending and did not pay for them. The plan was to run our debts up so high that something would have to be cut, you guessed it, Social Security. The second front was to look after our Corporations, so it was decided and passed by congress to allow the off shoring of jobs. Before this law, Corporations could go aboard and manufacture goods and services but they had to stay there. Today, we call it out sourcing, more unemployment and under employment. The third front was to allow illegals to come and work here. How did that happen. We just did not enforce the laws on our books that it is against the federal law to hire anyone not permitted to work here. The law says" you are to call the gov't and not hire them" but the reality was our govt looked the other way. Cheap labor reduced cost everyone benefits, right? The last nail in our coffin was the two wars not paid for(first time in the history of our country to kick the can down the road for a was) and then sending us over the cliff by tax cuts. So, if you want to return us to return to a stable economy and moving forward country for the people and buy the people, we need to fix the above issues now, not later.
New Castle DE			Username hidden (7 post)

User Details are only visible to members.	The "current administration" is a continuation of the 1964 Lyndon Johnson administration. Johnson started our country on unafordable spending. Giving everything to everybody. When you try to make everyone happy , you end up making no one happy", as things are now 50 years later. Both Reps and Dems are at fault. They each thought they could out do the other with free stuff. Federal to Village governments kept adding on to civil servant pay deals. Why does a Policeman in Yonkers, NY retire after 20 years at age 41 and receive $130,000 a year pension????? The City and State screwed up. If you think is is bad now, just wait. Financial ruin is here. In Europe they are KITING the numbers. Borrow from Peter to pay Paul. It is coming to an end. The day will come when you go to your usual stores and the shelves will be empty, because the money is worthless. How do we pay our federal and other debts when interest rates rise, which can't be stopped. "GOOD TIMES AT RIDGEMONT HIGH", are over.
Denver CO			Username hidden (1184 post)

User Details are only visible to members.	Truly Sorry Mr. Vegas...... in a mix of words I included "your complaint about taxes and....when you pay no taxes" that went from a personal response to the common complaint from many people about taxes. I am sure you did not really think i would even begin to know anything about your personal tax situation. i have never even been to Vegas. As someone in the financial field for 21 years i know taxes intimately well and i can tell you the 30K to 50K range does not pay much, if any, federal tax. Obviously there are many things to determine this but as a whole..... so....your complaint about taxes is hard to justify when many people in the aforementioned income bracket do not even pay taxes. if they do pay FIT they are likely paying an effective rate between 0 and 10% of total income. (maybe a little higher if they have no kids, spouse, home, etc. but even if they hit 15% which goes to $68,000 their effective rate is considerably lower.) it is interesting to me to hear people talk about this and i actually look at tax returns so i then get to see what the inconoclastic client really pays. as for the rest of your post.....i am only talking about taxes and was not making any inference to equality of bonus, pay, denial of coverage, etc. i could easily agree with you had you said i bored people and made their eyes roll but i am doubting your comment that i offended a bunch of folks. now back to the business of drinking, laughing, partying and getting naked.
Philadelphia PA			Username hidden (1610 post)

User Details are only visible to members.	jin where do you get off on saying I pay little or no taxes? I try to pay as little as possible but there is no way out I pay a lot of taxes. I only briefly mentioned taxes as a part of income. However, I'm guessing you offended a lot of people when you said people in the $30,000 to $50,000 don't pay taxes! They do pay taxes! There is the old saying, figures don't lie but liars figure. That's another way of saying there are many ways to tell the story. Yes the wealthy pay more in income taxes than the poor. However, as a percentage of income the 30 to 50 crowd pay far more than those with far greater incomes. We have expensive habits. If we were to take all the expenses we have as a country and divide it up for every man woman and child there is no way the vast majority of people could ever pay their share. Therefore, the wealthy have to pay more or we have to cut out expensive options like war! As far as exemptions the wealthy have far more available to them that the middle class. If your income is all W-2 you are pretty much screwed. If you have a business there are a lot of options. Take Haliburton for example, they were paid Billions by the taxpayers then they move to United Emerites to avoid paying taxes! This economic collapse was all about Greed and it's going to happen again. We've obviously not learned our lesson. When it does it will be the middle income people who work hard and pay taxes who will be hurt the worst. At some point those people are going to blow. The question is when?
Lukeville AZ			Username hidden (576 post)

User Details are only visible to members.	Looking, I didn't mean to imply that those making $30,000 to $50.000 were the only ones affected by this economy. This economic collapse affected many people from poor to wealthy. The point was how long to do these middle class Republicans sit around watching others use their money make a fortune giving you a tiny percentage. Then when these pyramids fail they expect you, the tax payers, to bail them out? When they get bailed out they use your tax money to pay themselves even bigger bonuses for failure! Even if you are true believe in trickle down thing, you have to at some point be questioning the validity of your beliefs? When you are fighting with your insurance company because they deny coverage. Do you ever wonder why the CEO needs $24 Million to live on? Seriously why do these people need this much money? I'm guessing most of you have no idea whats in your insurance policies. If you actually read them I think you would be shocked at what's not covered. Wouldn't it work better if they paid their CEO's a little less and paid a few more claims that they should be paying? You can ignor all of this, but the fact is if we don't get our greed in line with reality we are doomed as a country, it's that simple.
Lukeville AZ			Username hidden (576 post)

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TOPIC: Who is to blame for the current economic problems

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