"This is a democratic budget"
Posted 14 February 2012 - 06:05 PM
Posted 14 February 2012 - 06:25 PM
Posted 14 February 2012 - 06:37 PM
He did say race to the bottom in there, there is that. I wouldn't say you should freak out at all. I am just trying to understand WTF they're talking about with a minimum global tax.
I'm not going to disagree, but i think we've run out of booms. The federal government can not spend their way into a healthy economy. The last bubble is being built right now.
But get a healthy economy and housing market again and most of this concern disappears. at least until the next downturn.
smoke and mirrors'd.
Posted 14 February 2012 - 06:41 PM
Emanuel Cleaver: Budget's 'a nervous breakdown on paper'
Rep. Emanuel Cleaver (D-Mo.), the chairman of the Congressional Black Caucus, warned Monday that the federal government should be wary of slashing spending too drastically as he called President Barack Obama’s expected budget proposal a “nervous breakdown on paper.”
“This budget is a nervous breakdown on paper,” Cleaver said on CNN
While the president has put together a plan that addresses important issues such as education and job training, the Missouri congressman cautioned, “We are still in a recession. We’re still struggling. Unemployment is still too high in every major city in the country. People are struggling.”
Cleaver suggested that “for the federal government to turn the spigot off completely” could push the country into a deeper economic recession.
Still, the congressman emphasized that the most serious challenge for Obama’s budget will be withstanding a “dysfunctional” Congress.
“It’s going to probably have some difficulties over in the Senate. And it’s probably dead on arrival over at the House. But that’s because of Congress is dysfunctional,” Cleaver said. “The danger here is that we’re going to struggle around without addressing the major problems.”
He added, “The president is getting a lot of criticism. I don’t think it’s deserved that, he has create all these problems. We do have a serious ailment as a nation and certainly as Congress, we suffer from Spendigitis, but President Obama is not the one who spread this disease. It was there when he was inaugurated.”
Obama will announced his budget plan for the 2013 fiscal year on Monday.
Posted 14 February 2012 - 06:43 PM
Called the international minimum tax, the White House proposal aims "to eliminate tax incentives to ship jobs offshore by ensuring that all American companies pay a minimum tax on their overseas profits, preventing other countries from attracting American business through unusually low tax rates." Essentially, it's a domestic tax mechanism that would ensure American companies pay taxes on their overseas profits.
And I'm for it, BTW.
Posted 14 February 2012 - 07:33 PM
I've already decided that I'll be running off to Mexico when the shit hits the fan. There's a booming market for ex-pats that like to dive and drink tequila
I'm looking at farms in Argentina. But, historically, when the gubmint in a country gets too big, they generally close down citizens abilities to move capital or themselves out of the country.
Posted 14 February 2012 - 08:20 PM
WTF are you talking about. Can't we have ONE thread in here without fool comments?
Post us a nice JPEG of some lies or something. You are completely useless without atleast bringing a few lulz to the thread.