1 - 10 Next
He apparently thinks Spain's problems are caused by budget deficits, or government debt, as the US' problems are. That's incorrect, as the article explains. It's in English, so it should be an easy read, even for a conservative!
It's not like this is RMoney's first stupid and ignorant comment, people. I doubt he "hurt" Spain's feelings; they see him for the ignoramus that he is. Considering how touchy RMoney is, I would think he would be a little less critical of others. Obviously, RMoney doesn't understand what Spain's problems are, which have nothing to do with budget deficits or excessive government spending. But like small men everywhere, he just had to get a little dig in, to make himself feel better about losing, in his case, the presidential election.
I guess it's hard for me to understand what the point is of lowering my tax rate but also eliminating deductions I make. Don't I just end up back at the beginning, or maybe paying even more in taxes? You guys are so smart: help me figure this out!
My example was fictitious as to the actual numbers. But directionally, it's correct: until RMoney lets us know what deductions he's going to eliminate, we can't know whether we'll pay less, the same or more in taxes under his plan. He seems to be concentrating on the "you'll get lower tax rates" part, but is kinda quiet about the "but you won't have as many deductions" part. Why is that? He must know what deductions he plans to eliminate, because otherwise he wouldn't be able to calculate that his plan has zero impact on the deficit! I wish conservatives could be a little more suspicious of politicians who want their votes.
Well, older, I can easily afford it. But Mr. RMoney seems to want me to think that my taxes are lower: he says he's lowering my tax rate from 25% to 20% (or thereabouts). Why doesn't he explain that he actually wants me to pay more, even though he's not going to use any of it to reduct the deficit? Wouldn't that be more honest, instead of trying to make me, and other people who have mortgage interest, think we'll be paying less? He sounds like a politician running for office or something: telling people good news about lower taxes, when the reality they might actually pay MORE under his plan.
I don't like giving politicians the benefit of the doubt, especially those running for office, because they will say anything they think people want to hear, in order to get elected. It's odd to me how critical conservatives are of President Obama, yet they are completely passive in the face of an RMoney tax plan, introduced at the debates, that might raise their taxes. Weird.
Yes I am speculating, because I have no choice but to speculate: RMoney won't tell us what deductions and loopholes he's getting rid of. The big deduction for most Americans is mortgage interest, so obviously that's going away. Only RMoney knows what other deductions and loopholes he's getting rid of, and he doesn't want anyone to know, even though he does. He doesn't like Americans to know the details because they might not like those details. And he gets burned when he lets the details out of the bad, like when he cited the detail of the 47% people he hates, including senior citizens, wounded war veterans, the unemployed and people who earn so little money that they don't even have to pay federal income taxes.
I like talking with conservatives, because they are so smart! So conservatives, help me with this one! Say I make $100,000/year, and my tax rate is currently 25%. I have a mortgage and deduct about $25,000 in mortgage interest and property taxes. RMoney wants to lower my tax rate to 20% but eliminate the mortgage interest deduction and God knows what other deductions and loopholes. With the current mortgage interest deduction and higher tax rate, I would pay about $18,750 in taxes. Without the mortgage interest deduction, but with the lower tax rate, I would pay $20,000 in taxes. Now tell me why I should support RMoney's tax plan!
I have no idea what's in all that data. Does it prove that Bush kept the Iraq and Afghanistan wars, as well as Medicare Part B, out of the federal budgets?
I realize that your Obama Derangement Syndrome (ODS) renders you incoherent on occasion but who ever said that everything is Bush's fault? He did an amazing job pulling the country together after the 9/11 attacks. He implemented Medicare Part B, a wonderful drug benefit for seniors (even though it's the biggest socialist program since the 1960s!). He did a lot of bad stuff though. Plus the conversation here is about how Bush kept the cost of two ward, plus the cost of Medicare Part B out of his budgets, to they wouldn't make the budget deficit look bad. Obama has the smarts to put them back in, so Americans would know how much their government was really spending. Smart guy, that Obama.
1 - 10 Next
Saturday, May 18 | 01:12 PM ET
Saturday, May 18 | 01:12 PM ET
Saturday, May 18 | 01:12 PM ET
Saturday, May 18 | 01:12 PM ET