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Thread: How obama will pay for the jobs bill or second stimulus

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    Default How obama will pay for the jobs bill or second stimulus

    —$400 billion from limiting the itemized deductions for charitable contributions and other deductions that can be taken by individuals making over $200,000 a year and families making over $250,000;
    that is the dumbest thing i've heard of. it is all about making the government more powerful and the one to dole out money instead of the citizens.

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    Actually, the jobs bill tasks the Super Committee with coming up with the money to pay for it and if it can't then the limitation on charitable deductions for high income earners kicks in.

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    Quote Originally Posted by David St. Hubbins View Post
    Actually, the jobs bill tasks the Super Committee with coming up with the money to pay for it and if it can't then the limitation on charitable deductions for high income earners kicks in.
    bad idea and passing the buck as usual

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    Quote Originally Posted by Yurt View Post
    bad idea and passing the buck as usual

    I'm surprised at your reaction. You criticizing Obama is shocking to me.

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    Quote Originally Posted by David St. Hubbins View Post
    I'm surprised at your reaction. You criticizing Obama is shocking to me.
    why do you believe it is a good idea? you making excuses and defending obama is more shocking.

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    In an ideal world, the jobs bill would be paid for by borrowing money at historically low real interest rates that are negative for short term debt and zero for the ten year. But we don't live in an ideal world. We live in a dumbass world. Where I'm sitting, this dumbass idea isn't any better or worse than the other dumbass proposals to "pay for" the jobs bill.

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    Quote Originally Posted by David St. Hubbins View Post
    In an ideal world, the jobs bill would be paid for by borrowing money at historically low real interest rates that are negative for short term debt and zero for the ten year. But we don't live in an ideal world. We live in a dumbass world. Where I'm sitting, this dumbass idea isn't any better or worse than the other dumbass proposals to "pay for" the jobs bill.
    how does borrowing money equal "this is paid for"? your answer to nearly everything is borrow, how do we pay this back? where does the money come from?

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    Quote Originally Posted by Yurt View Post
    how does borrowing money equal "this is paid for"? your answer to nearly everything is borrow, how do we pay this back? where does the money come from?

    Borrow more now. Tax more later.

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    Most Americans favor taxing the rich more.

    Why do Republicans hate majority rule?

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    Quote Originally Posted by \\(\()/)// View Post
    Most Americans favor taxing the rich more.

    Why do Republicans hate majority rule?
    fine, tax the income, not charitable donations.

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    Quote Originally Posted by David St. Hubbins View Post
    Borrow more now. Tax more later.
    so it is the same thing but just passing the buck. typical of you and obama.

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    Quote Originally Posted by Yurt View Post
    so it is the same thing but just passing the buck. typical of you and obama.

    Real short term interest rates are negative. It is cheaper to borrow money right now than it is to tax productive endeavors. Not borrowing more now is eminently stupid, particularly in light of present economic conditions.

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    Quote Originally Posted by David St. Hubbins View Post
    Borrow more now. Tax more later.
    I have tried explaining classic Keynesian economics to him without avail.

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    Quote Originally Posted by Aoxomoxoa View Post
    I have tried explaining classic Keynesian economics to him without avail.
    no you haven't.

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    Quote Originally Posted by David St. Hubbins View Post
    Real short term interest rates are negative. It is cheaper to borrow money right now than it is to tax productive endeavors. Not borrowing more now is eminently stupid, particularly in light of present economic conditions.
    no. wrong. if you didn't have to raise taxes later, you would have a point.

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