JakeStarkey
Diamond Member
- Aug 10, 2009
- 168,037
- 16,520
JeRK's nonsense is answered in #621.
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Leonard Burman, who teaches economics at Syracuse Universitys Maxwell School, presented a graph at the joint hearing that plotted capital gains tax rates against economic growth from 1950 to 2011. He found no statistically significant correlation between the two.
The difference is more money in American's pocket.
The 15% rate on long term capital gains didn't help stop the Bush recession did it?
OMG!!you complete idiot liberal!! The recession was caused by liberal housing policy!! It had nothing to do with the capital gains tax!!
The bubble was a wealth bubble that was a direct result of ass-set driven over priced real estate
I have given all politicians a pass on this event, but especially the GOP. If there is a root cause it goes back to Carter and the (drum roll)
Community Reinvestment Act - Wikipedia, the free encyclopedia
your correct. the 15% capital gains created very much wealth.
If not for the greed that was born of low interest rates and banks accepting fraud to loan monies on those assets, it still would be climbing
We created close to 8 million jobs from 03 to early 08
FACT-CHECK: Ed Gillespie ? After the Bush tax cuts, there were 52 months of continuous job cremation, the largest such period in American history | Meet the Facts : Meet the Press Needs Fact-checking
To refresh your memory it was the finiancal institutions who speculated in sub prime markets, not local banks who are required to offer loans to qualified depositors.
The biggest lie that elected Obama was that 47% of Americans were freeloaders
You could have handed the election to Obama right there
Job creation?
Saving the Auto industry?
Obama-care being deficit neutral?
That a movie caused the murder of a US ambassador on 9-11-2012?
That he inherited the debt?
Its amazing that people are such a state of denial
The country we loved until 2007 is gone and will never be the same again
Thank you
Reid
Pelosi
Obama
Job creation?
Saving the Auto industry?
Obama-care being deficit neutral?
That a movie caused the murder of a US ambassador on 9-11-2012?
That he inherited the debt?
Its amazing that people are such a state of denial
The country we loved until 2007 is gone and will never be the same again
Thank you
Reid
Pelosi
Obama
No lies, chump of the greedy rich. Change the channel and get out of the way.
The biggest lie that elected Obama was that 47% of Americans were freeloaders
You could have handed the election to Obama right there
One of the top 3 lies that won Obama the election was that he was responsible for Benghazi and tried to cover it up. It lost them the election and they are STILL attempting to trot it out today.
Clearly their hands aren't tired of holding them shovels....clearly.
*SMH*
Job creation?
Saving the Auto industry?
Obama-care being deficit neutral?
That a movie caused the murder of a US ambassador on 9-11-2012?
That he inherited the debt?
Its amazing that people are such a state of denial
The country we loved until 2007 is gone and will never be the same again
Thank you
Reid
Pelosi
Obama
making the election about useless things like free contraceptives.
librals won, get used to fighting against meaningless drivel or learn to live off the land long term, off the grid.
They stuck to issues that their supporters could understand, like more welfare and free contraceptives. The media aided and abetted by turning a blind eye to the real news.
It's pretty sick what is going on, but the ignorant ones have multiplied and it's an uphill battle.
making the election about useless things like free contraceptives.
librals won, get used to fighting against meaningless drivel or learn to live off the land long term, off the grid.
They stuck to issues that their supporters could understand, like more welfare and free contraceptives. The media aided and abetted by turning a blind eye to the real news.
It's pretty sick what is going on, but the ignorant ones have multiplied and it's an uphill battle.
Bullshit.
It was easy to defeat the GOP this go round.
The biggest lie that elected Obama was that 47% of Americans were freeloaders
You could have handed the election to Obama right there
actually it was no lie!! What the hell do you think libturds are doing if not buying votes with promises of more and more welfare entitlements???
Why not read "A Nation of Takers" if you're not too illiterate?
Recently, Ron Haskins of the Brookings Institution, a Washington think tank, testified before the House Budget Committee on the growth of the 10-largest means tested federal programs that serve people who qualify by various definitions of poverty.
Heres what Haskins reported: From 1980 to 2011, annual spending on these programs grew from $126 billion to $626 billion (all figures in inflation-adjusted 2011 dollars); dividing this by the number of people below the government poverty line, spending went from $4,300 per poor person in 1980 to $13,000 in 2011. In 1962, spending per person in poverty was $516.
Haskinss list includes Medicaid, food stamps (now called the Supplemental Nutrition Assistance Program, or SNAP), the earned-income tax credit (a wage subsidy for some low-income workers), and Pell Grants. There are other, smaller programs dedicated to the poor. A report from the Congressional Research Service estimated the total number at 83; Haskins puts the additional spending on programs below the 10 largest at about $210 billion. The total of all programs for the poor exceeds $800 billion.
To be sure, some spending reflects the effects of the Great Recession. But most doesnt. As Haskins shows, spending on the poor has increased steadily for decades. Consider food stamps. There are now about 45 million Americans receiving an average of $287 a month in food stamps, up from 26 million in 2007, according to a new Congressional Budget Office report. But the number in 2007, when the economy was healthy, was roughly 50 percent higher than in 2001.
And programs for the poor pale beside middle-class transfers. The giants here are Social Security at $725 billion in 2011 and Medicare at $560 billion. Combine all this spending -- programs for the poor, Social Security and Medicare and the total is nearly $2.1 trillion. That was about 60 percent of 2011 non-interest federal spending of $3.4 trillion.
The biggest lie that elected Obama was that 47% of Americans were freeloaders
You could have handed the election to Obama right there
actually it was no lie!! What the hell do you think libturds are doing if not buying votes with promises of more and more welfare entitlements???
Why not read "A Nation of Takers" if you're not too illiterate?
Recently, Ron Haskins of the Brookings Institution, a Washington think tank, testified before the House Budget Committee on the growth of the 10-largest means tested federal programs that serve people who qualify by various definitions of poverty.
Heres what Haskins reported: From 1980 to 2011, annual spending on these programs grew from $126 billion to $626 billion (all figures in inflation-adjusted 2011 dollars); dividing this by the number of people below the government poverty line, spending went from $4,300 per poor person in 1980 to $13,000 in 2011. In 1962, spending per person in poverty was $516.
Haskinss list includes Medicaid, food stamps (now called the Supplemental Nutrition Assistance Program, or SNAP), the earned-income tax credit (a wage subsidy for some low-income workers), and Pell Grants. There are other, smaller programs dedicated to the poor. A report from the Congressional Research Service estimated the total number at 83; Haskins puts the additional spending on programs below the 10 largest at about $210 billion. The total of all programs for the poor exceeds $800 billion.
To be sure, some spending reflects the effects of the Great Recession. But most doesnt. As Haskins shows, spending on the poor has increased steadily for decades. Consider food stamps. There are now about 45 million Americans receiving an average of $287 a month in food stamps, up from 26 million in 2007, according to a new Congressional Budget Office report. But the number in 2007, when the economy was healthy, was roughly 50 percent higher than in 2001.
And programs for the poor pale beside middle-class transfers. The giants here are Social Security at $725 billion in 2011 and Medicare at $560 billion. Combine all this spending -- programs for the poor, Social Security and Medicare and the total is nearly $2.1 trillion. That was about 60 percent of 2011 non-interest federal spending of $3.4 trillion.
The lie is that 47% are freeloaders
In fact, everyone is a freeloader
Everyone gets something from the government
One of the top 3 lies that won Obama the election was that he was responsible for Benghazi and tried to cover it up. It lost them the election and they are STILL attempting to trot it out today.
Clearly their hands aren't tired of holding them shovels....clearly.
*SMH*
They stuck to issues that their supporters could understand, like more welfare and free contraceptives. The media aided and abetted by turning a blind eye to the real news.
It's pretty sick what is going on, but the ignorant ones have multiplied and it's an uphill battle.
Bullshit.
It was easy to defeat the GOP this go round.
yes just ignore the 23 million unemployed and the disproportionate black unemployment rate!!
That he's a marxist communist socialist muslim from kenya. Stupid crap from the far right had independents running to Obama.
Bullshit.
It was easy to defeat the GOP this go round.
yes just ignore the 23 million unemployed and the disproportionate black unemployment rate!!
we also can ignore
Benghazi
negative GDP
over 8 million left the work force
record poverty
no budget yet for 4 years
over 1 trillion in deficits, each year to date