Could Bush Lose It?

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Originally Posted by spacecowboy

When you're making $37 million a year, I don't think $10 million will hurt you the same way a person who makes $37,000 a year. Trust me, Arnold's not hurting.

SC

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No, he's not, but he's not getting any favorable tax breaks either. The guy making $37,000 would pay out about $10,000 in taxes using Arnold's scale. I just peeked at my income tax filings for 2001. After exemptions, my taxable income was around $47,000 and the taxes for that amount were around $6700. I recieved an income tax return of $1500 for that year. So, for a household income of over $55,000, I was only taxed around $5300.

having ignored the rest of the thread, Bush could easily lose. i like leiberman in this race, he could draw moderates and even conservatives with his social message. Naturally i would prefer McCane, but i would vote leiberman.

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Originally Posted by Mman

who elses think that we should get rid of social security? It is an old ass system that needs to be ripped to shreds, of course running on that policy would be political suicide.

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I think we could probably start an entire thread based solely on that.

Any takers? :)

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Originally Posted by Mman

who elses think that we should get rid of social security? It is an old ass system that needs to be ripped to shreds, of course running on that policy would be political suicide.

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No, I don't. Even though I have investments like 401K and such, there are certain sectors of the public, that have no such option. I could'nt imagine a broke ass family, living on less than $30,000 a year, having any investment options other than social security. Sure they may have a house that's paid for (Highly unlikely), but the cost of living when your 70 years old and have nothing but the house you live in, would be more than enough to make these people homeless or starving to death.

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Originally Posted by Kenshin

I truly, truly, dislike Bush. And the Republicans, for that matter. But I don't see the Democrats even having a chance unless they can get a candidate with charisma.

Right now, they're dead in the water.

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Dean's charismatic, he just has other problems. :)

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Originally Posted by Dripdry

Honestly, from an economic point of view, those tax cuts will probably have to be repealed in order to work ourselves out of the enormous debt that America is entering into. If you find some economic data on it, I guarantee you a horrifying read.

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Deficit during slow times, surplus during good times. Macroeconomics 101. :p

But there's still more to it than that. I was pointing at Republican fiscal irresponsibility, and that making tax cuts of that nature has NEVER worked for the economy, that it's completely backwards. I won't argue with you that deficit is usually along for the ride with a slow economy, but it seems foolish to play along thinking that this isn't anyone's fault and is just a matter of macro economics. The situation could have been handled in a different way. After all, we have projected debt for America that could send it into a slump as dire as that of Japan, if something isn't changed soon. At least, that's what I've read, so I suppose that it may be as much hype as others are spouting, so I'm sure the truth lies somewhere a little more on par with betweenity.

He'll just rig the election like he did last time.

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Originally Posted by Dripdry

But there's still more to it than that. I was pointing at Republican fiscal irresponsibility, and that making tax cuts of that nature has NEVER worked for the economy, that it's completely backwards. I won't argue with you that deficit is usually along for the ride with a slow economy, but it seems foolish to play along thinking that this isn't anyone's fault and is just a matter of macro economics. The situation could have been handled in a different way. After all, we have projected debt for America that could send it into a slump as dire as that of Japan, if something isn't changed soon. At least, that's what I've read, so I suppose that it may be as much hype as others are spouting, so I'm sure the truth lies somewhere a little more on par with betweenity.

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The government just needs to spend less, is all it comes down to. It's alot of people's fault that the government is going further and further into debt, but none so much as the democrats, imo.

I hope he doesnt.
I hope for the best and fear for the worst as i always do.