Paul Ryan!!

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WHERE ON EARTH do you get the 2 Trillion figure?

The “Buffet Rule” would raise $36 billion in revenue a year. Even the most rosy analysis is only $50 billion per year. With a defecit increasing $3.9 million PER DAY, what does paying the deficit FOR 10 DAYS or so do?

And even the most ardent Keneysian doesn’t support raising taxes on anyone in the middle of a huge recession (unless you are a committed lefty like Krugman).

It’s posts like this that make me worry about our nation’s financial future.
I believe we’re looking at a 10 year estimate and don’t give me **** about it, I never said it would magically pay off the deficit. Ryan’s plan doesn’t balance anything until 2050 or something and that is an even rosier estimate.

sorry, i didn’t realize that was a bad word
 
ComputerGeek25;9661990:
That depends on the nature of the law.

Insurance companies cannot deny you for any reason they want.

Oh yes, they have their ways. Kinda like tax loopholes 🙂
No they can’t. In most states, and certainly mine, if an insurance company wrongfully refuses to pay, they can be sued for “vexatious refusal to pay” and can be hit with severe punitive damages. Normally, all it really takes is a complaint to the Dept of Insurance and they’ll cave.

I know a lawyer who does those things, and he knows.

And under Obamacare, it’s no different at all except that 17 million more people will be on Medicaid, which is a lot harder to challenge than private insurers.

And it isn’t my “opinion” that Obama didn’t want Obamacare. It’s just a fact. He wanted single payer and said so, and got it through the Democrat House. The Dems in the Senate wouldn’t pass it even though they had a supermajority. Reid and Pelosi then came up with “Obamacare” which was neither the status quo nor what Obama proposed, but a totally different thing. As I’m sure you know, most congressmen (and probably Obama) didn’t know what was in it until after it passed. It was not made available to individual congressmen in advance so they could read it. You may recall Pelosi’s comment that “we have to pass it in order to know what’s in it”.

Not a single Repub voted in favor of it. Not a single Dem who had actually read it voted for it, which probably none did, with the possible exception (though doubtful) of Reid and the members of his committee.
 
No, can’t afford it. I got pepper spray. 🙂
I understand your point given that anything worthwhile costs from $400 up and it’s something you really don’t want to invest it.

Pepper spray is good, but I tend to use it on baked potatoes along with I can’t Believe it’s Not Butter spray. 😉
 
I believe we’re looking at a 10 year estimate and don’t give me **** about it, I never said it would magically pay off the deficit. Ryan’s plan doesn’t balance anything until 2050 or something and that is an even rosier estimate.
Really? Because the United States Congress Joint Committee on Taxation says it will only raise $46.7 billion over the next 10 years. That’s the biggest estimate out there, many are must smaller.

Where are you finding the extra $1.6 Trillion??? Is there a couch cushion in the White House someone hasn’t looked under?

taxprof.typepad.com/files/joint-committee.pdf

businessweek.com/news/2012-03-20/buffett-rule-tax-bill-would-raise-31-billion-over-10-years

Which is beside the point. According to the CBO, spending INCREASES during that period is $7 TRILLION. That’s not including regular budgetary items, that’s an INCREASE from the current budget.
The $47 billion would have covered about half the cost of the 10-month extension of a payroll tax cut that Congress enacted last month. In a broader context, the Congressional Budget Office estimates that Obama’s 2013 budget plan would expand the deficit by $6.4 trillion over the next decade. The bill would reduce that by 0.7 percent.
How can you support a class-envy tax hike which coves 0.7% of INCREASES to the defecit, and then claim “how can republicans, with a straight face, lecture about spending?” with a clear conscience??

This is like fishing with dynamite.
 
Try a gun store that sells used guns. You can usually find some bargains.🙂
What do they say, “Hotter than a $2 pistol”? That would be a bargain.

Also, you want to be careful of pieces that have previously been used in crimes. 🙂
 
Building a home is like giving a man a fish, you feed him for a day. If there were no mortgage deduction we would own smaller homes, and we could then use that money to build a factory that would feed people for days. The mortgage interest deduction encourages people to overinvest in housing.

I never said home ownership was bad, although the smartest man I ever knew never owned a house in his life. For him it wasn’t worth the hassle, so was that a bad thing? No, it is an individual decision and the government has no business involved in that decision one way or another.

Also, Canada has no mortgage deduction and their home ownership rate is about the same as ours. What the mortgage deduction appears to have done is not increased ownership rates, but increased the size of houses people own.

Who says the mortgage deduction is legitimate? Is it any more legitimate than farm price supports?
Of possible interest, I see where FNMA and FHLMC are having trouble paying the interest on their “bailout” funds from the government. They are, instead, being obliged to pay all their profit to the government and reduce their portfolio very substantially.

If this administration actually enforces it, that’s a very nice dividend to the banks that are big enough to have their own derivative marketing divisions. Reduces the competition. It won’t do anything to directly encourage competent loan underwriting, but it will probably have that result since junk loans create junk derivatives. The mid-sized banks probably will maintain decent underwriting standards except on government-insured loans, which are about as badly underwritten a bunch of loans as I have ever seen.
 
Really? Because the United States Congress Joint Committee on Taxation says it will only raise $46.7 billion over the next 10 years. That’s the biggest estimate out there, many are must smaller.
It may not even do that. There are estimates that it will actually be a revenue loser. When Obama was confronted with that, he said it was still okay because it would be more “fair”.

So, it’s certainly possible that this administration does not even believe there will be a revenue increase, and that the whole “tax the rich” thing is just a campaign tactic.
 
WHERE ON EARTH do you get the 2 Trillion figure?

The “Buffet Rule” would raise $36 billion in revenue a year. Even the most rosy analysis is only $50 billion per year. With a defecit increasing $3.9 million PER DAY, what does paying the deficit FOR 10 DAYS or so do?

And even the most ardent Keneysian doesn’t support raising taxes on anyone in the middle of a huge recession (unless you are a committed lefty like Krugman).

It’s posts like this that make me worry about our nation’s financial future.
Actually the bulk of the bush tax cuts went to the poor and middle class. it lowered the minimum tax rate from 15% to 10%, it gave an additional 1,000 child credit for low income couples and gave increased education credits to middle and lower income people.If you do away with all the Bush tax cuts it results in a huge tax increase on the poor and middle class. You are correct that eliminating them only on the so called Rich will not produce a significant amount of revenue
 
Of possible interest, I see where FNMA and FHLMC are having trouble paying the interest on their “bailout” funds from the government. They are, instead, being obliged to pay all their profit to the government and reduce their portfolio very substantially.

If this administration actually enforces it, that’s a very nice dividend to the banks that are big enough to have their own derivative marketing divisions. Reduces the competition. It won’t do anything to directly encourage competent loan underwriting, but it will probably have that result since junk loans create junk derivatives. The mid-sized banks probably will maintain decent underwriting standards except on government-insured loans, which are about as badly underwritten a bunch of loans as I have ever seen.
When bankers get involved with the government, nothing good can happen.
 
DeSanto;9662352:
No they can’t. In most states, and certainly mine, if an insurance company wrongfully refuses to pay, they can be sued for “vexatious refusal to pay” and can be hit with severe punitive damages. .
was talking about dropping coverage not refusing to pay for services rendered.
 
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