Aces High Bulletin Board
General Forums => The O' Club => Topic started by: weaselsan on September 20, 2006, 09:29:03 AM
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enough said....
US Treasury Sets New 1-Day Tax Receipt Record Of $85.8 Billion
Tuesday September 19th, 2006 / 0h04
WASHINGTON -(Dow Jones)- The U.S. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax payments, the Treasury said Monday.
Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of $71 billion on Sept. 15 of last year, the Treasury said.
Within the overall figure, corporate tax receipts Friday were $71.8 billion, up from $63 billion in September of last year.
Treasury Undersecretary for Domestic Finance Randal Quarles said Friday's numbers provided a "continuing demonstration of the strength of the U.S. economy."
"In fact, Friday's gross receipts were the largest in a single day in the nation's history - 20% higher than receipts on the same quarterly tax payment date last year," Quarles said in a statement.
-By Benton Ives-Halperin, Dow Jones Newswires; 202-862-9255; Benton.Ives-Halperin@dowjones.com
Tuesday September 19th, 2006 / 0h04
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Yet we are going to hear time and again how bad the economy is up until after the elections.
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http://www.brillig.com/debt_clock
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How much of that $85.8 Billion is Social Security pre-payments?
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http://www.pantagraph.com/articles/2006/09/20/opinion/119231.txt
Things in Congress will be a lot clearer when The Federal Funding Accountability and Transparency Act passes and the average tax payer is able to easily discover where the tax $$$ is going by searching the DB on the web.
Stevens(R) and Byrd(D) are a disgrace to this nation.
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Originally posted by Mickey1992
http://www.pantagraph.com/articles/2006/09/20/opinion/119231.txt
Things in Congress will be a lot clearer when The Federal Funding Accountability and Transparency Act passes and the average tax payer is able to easily discover where the tax $$$ is going by searching the DB on the web.
Stevens(R) and Byrd(D) are a disgrace to this nation.
Yup I did a post about this a couple of weeks ago. Seems like one of the best bills to reach the floor in a while. A searchable database that shows all expendatures and earmarks......wow what a concept, govt accountability on how taxpayer dollars are spent.
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Gunslinger, you know that we can't hold teachers accountable for the success of their teaching, why should we hold legislators accountable for the success of their spending?
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Originally posted by FUNKED1
http://www.brillig.com/debt_clock
Bet thats on your favorites list on your browser right below Lunchroom socialist...
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Originally posted by lasersailor184
Gunslinger, you know that we can't hold teachers accountable for the success of their teaching, why should we hold legislators accountable for the success of their spending?
That's true. Funk's union balks anytime they are told to show somthing for the amount of money we give them.
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Originally posted by FUNKED1
http://www.brillig.com/debt_clock
tax cuts are good for bidness
why is that so hard to understand?
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Originally posted by RedRadr
tax cuts are good for bidness
why is that so hard to understand?
because he's a converted Liberal socialist. His union propaganda tells him that all those taxes that are cut do nothing for the economy, and that they could be better spent on social programs like free health care.
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Originally posted by RedRadr
tax cuts are good for bidness
why is that so hard to understand?
"Bidness" isn't always good for the economy.
Why is THAT so hard to understand?
Corporations have shown time and again that they are more than willing to screw over the US economy in order to save a buck and impress their stock holders (who may not even be US citizens).
If corporations have no loyalties to the government, why should the government do them any favors?
I'm not saying corporations are "evil," but they certainly aren't "good" either...
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Originally posted by Rameusb5
"Bidness" isn't always good for the economy.
Why is THAT so hard to understand?
Corporations have shown time and again that they are more than willing to screw over the US economy in order to save a buck and impress their stock holders (who may not even be US citizens).
If corporations have no loyalties to the government, why should the government do them any favors?
I'm not saying corporations are "evil," but they certainly aren't "good" either...
I think coorporations are smarter than you think evil. A bad economy is bad for them. Contributing to the downfall of the economy is not in their best of intrests. Saving a buck or two now when it will cost them millions later isn't good business. You don't need an MBA to figure that out.
Certain recent corporate scandels are the exception and not the rule.
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Lol... certain recent scandals are the rule, not the exception.
"Big Bidness" just got careless.
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Originally posted by Rameusb5
"Bidness" isn't always good for the economy.
Why is THAT so hard to understand?
Corporations have shown time and again that they are more than willing to screw over the US economy in order to save a buck and impress their stock holders (who may not even be US citizens).
If corporations have no loyalties to the government, why should the government do them any favors?
I'm not saying corporations are "evil," but they certainly aren't "good" either...
And economic analysis ain't for you.
That'd be like me trying to do brain surgery with my non-dominant hand.
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Originally posted by Urchin
Lol... certain recent scandals are the rule, not the exception.
"Big Bidness" just got careless.
Really, so how many major corporations ran their company's into the ground raping their employees in the process? Again the "enrons" and "MCI" are the exception and not the rule.
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Originally posted by Gunslinger
Yet we are going to hear time and again how bad the economy is up until after the elections.
Of course. Unemplyment is at 5.4%, Wall Street is on the verge of breaking into new highs and as you posted, tax revenue is way way up.
But it will never be known to the average citizen, since we are constantly bombarded with bad news, gloom and doom, etc etc
As for the Legislative Pork...Line Item Veto.
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Nice one Gunslinger, ad hominem transition to straw man. I'll butt out of the circle jerk and let you bushbots finish each other off.
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Originally posted by FUNKED1
Nice one Gunslinger, ad hominem transition to straw man. I'll butt out of the circle jerk and let you bushbots finish each other off.
Nice use of the ad hominem playing card! move your shoe token to free parking..
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If you don't wanna see the card, just stay on topic instead of making personal comments. It's very easy.
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Originally posted by Gunslinger
I think coorporations are smarter than you think evil. A bad economy is bad for them. Contributing to the downfall of the economy is not in their best of intrests. Saving a buck or two now when it will cost them millions later isn't good business. You don't need an MBA to figure that out.
Corporations aren't evil. But they're selfish as hell. They owe NO allegiance to ANY country. Do you realize how dangerous that is? The US economy is almost entirely dependant upon them, but they aren't dependant upon us. They can typically pick up part or all of their corporation and move overseas (and often do).
To be clear, I'm not saying that they're purposely trying to ruin the US economy. But the truth of the matter is that they care a LOT more about what their shareholders think than the US public.
Certain recent corporate scandels are the exception and not the rule.
I think you'd be surprised how many corporations practice "strange" business behavior to their own benefit. What Urchin said was pretty much correct. Big business has been playing fast and loose with the rules (Enron took it to the extreme of course) for a LONG time. In the 90's, everyone was ok with it because everyone was making a ****load of money off of it. When the bubble broke and the economy took a dip, suddenly the big corps weren't making everyone happy and all of a sudden the **** hit the fan for quite a few of them. Even the "stable" companies are having difficulties in the new economy.
I live in the corporate world. I see the BS that goes on around here. The next 50 years or so is going to be VERY interesting, in an apocolyptic sort of way...
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Originally posted by FUNKED1
Nice one Gunslinger, ad hominem transition to straw man. I'll butt out of the circle jerk and let you bushbots finish each other off.
are you denying that the economy is strong? Or do you just deny anything your Union doesn't allow?
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You know, Funkypants, Hugo Chavez hasnt left for home yet...there might be an extra seat available for you :D
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Originally posted by Gunslinger
are you denying that the economy is strong? Or do you just deny anything your Union doesn't allow?
WTF are you talking about? Where did I mention anything about the strength of the economy or unions? Like I said, straw man.
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Originally posted by LePaul
You know, Funkypants, Hugo Chavez hasnt left for home yet...there might be an extra seat available for you :D
Cos yeah, if you think a balanced budget is a good idea you must be a Chavez supporter or a socialist.
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Originally posted by FUNKED1
WTF are you talking about? Where did I mention anything about the strength of the economy or unions? Like I said, straw man.
Exactly......notice how this is a thread directly related to the economy
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Based on the title and the link, the author's thesis seems to be that tax cuts cause an increase in revenue. My point in posting the link to the debt clock is that regardless of piddling tax cuts or spikes in revenue, we are still in a deep, deep hole that is getting deeper every day. Tax cuts are irrelevant. Revenue increases or decreases due to the strength of the economy are irrelevant. None of it makes any difference as long as the federal government keeps spending like a teenager with mom's credit card.
Maybe this will help you understand why we paleoconservatives and libertarians are frustrated with the GOP. They've had Congress and the White House for 6 years and haven't lifted a whoopee finger to solve the problem. Not only have they not attempted to solve the problem, they've made it much worse. It's a damn shame.
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Originally posted by FUNKED1
Based on the title and the link, the author's thesis seems to be that tax cuts cause an increase in revenue. My point in posting the link to the debt clock is that regardless of piddling tax cuts or spikes in revenue, we are still in a deep, deep hole that is getting deeper every day. Tax cuts are irrelevant. Revenue increases or decreases due to the strength of the economy are irrelevant. None of it makes any difference as long as the federal government keeps spending like a teenager with mom's credit card.
Maybe this will help you understand why we paleoconservatives and libertarians are frustrated with the GOP. They've had Congress and the White House for 6 years and haven't lifted a whoopee finger to solve the problem. Not only have they not attempted to solve the problem, they've made it much worse. It's a damn shame.
(http://www.firedoglake.com/wp-content/uploads/2006/05/bill-clinton.jpg)
"I feel your pain"
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Glad we agree on something.
Don't think Bubba is the answer though. He just got lucky that revenue spiked due to the tech boom. Never put a hole in the debt, just slowed the bleeding briefly.