Its Payday, so how much did the Government shorten your check?
#11
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Regan's tax increases were met at least 1:1 by spending cuts. That was well under what was promised, but 1:1 seems to be much better than what w're seeing and expecting as of now.
In 2011, FICA was temporarily cut to 4.2%. It's not back up to 6.2% for the first $113,700.
What bothers me more than social security is the federal sales tax ("medical device excise tax") that's been imposed. Now, that's a load of sh*t.
In 2011, FICA was temporarily cut to 4.2%. It's not back up to 6.2% for the first $113,700.
What bothers me more than social security is the federal sales tax ("medical device excise tax") that's been imposed. Now, that's a load of sh*t.
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There was already an enormous unbalanced budget. Before he took office there were tax cuts, and high inflation. He cut taxes even more, causing more imbalance and of course had to raise them again.
The value of money isn't fixed. It depreciates daily. If you don't have a surplus you will be increasing the deficit. A balanced budget over a short period of time will quickly become a deficit simply because of the Time Value of Money.
but why are we talking about Regan? That was 30 years ago and I wasn't alive for part of his reign.
This is a problem caused by the politicians in Washington. It isn't entirely Obama's fault except for Obamacare.
The value of money isn't fixed. It depreciates daily. If you don't have a surplus you will be increasing the deficit. A balanced budget over a short period of time will quickly become a deficit simply because of the Time Value of Money.
but why are we talking about Regan? That was 30 years ago and I wasn't alive for part of his reign.
This is a problem caused by the politicians in Washington. It isn't entirely Obama's fault except for Obamacare.
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Let's not forget James Otis and the initiation of the Stamp Act Congress. Those bastards paved the way for this election of officials to make decisions for us!