If you need extra income, do you cut expenses, or raise income?

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President Mittens said:
Odd that costs have gone up so much since student loans cannot be claimed in bankruptcy, and that the government backs them with their own loans. Damned coincidence isn't it?
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It probably has more to do with State budget short falls. Lack of revenues are starving the State University system and when that happens......the cost of tuition goes up. This can't continue. I mean hell I got my MS a little over 10 years ago from a top tier program and I only spend $18,000 for tuition.
 
SmarterThanYou said:
how stupid can you be. income tax receipts are down because unemployment is so high.
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How stupid you are.


Unemployment has soared since the Bush tax cuts went into effect, hasn't it?


Stick to fantasizing about murdering cops.
 
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bush tax cuts began in 2001 and are still in effect.

\\\pwnd/// :)
 
Income-tax receipts are down sharply since the Bush tax cuts.


Unemployment has risen since the Bush tax cuts went into effect.


They should not have been extended.
 
\\(\(\/)/)// said:
Income-tax receipts are down sharply since the Bush tax cuts.
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No, Income tax rates are down sharply and follow the trend of unemployment. In the first year of the Bush tax cuts, the government took in record revenue. If unemployment were below 8%, like it was under Bush, we would still be gaining record revenue.


Unemployment has risen since the Bush tax cuts went into effect.
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Yes, which means there are less people paying income taxes, which means we are producing less income tax revenues. DUH!


They should not have been extended.
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[/QUOTE]

President Obama said; "Failing to extend the Bush tax cuts would have dealt a devastating blow to our economy, and thanks to our actions, that will not happen." So, I guess you are trying to tell us that Obama LIED????
 
Dixie said:
No, Income tax rates are down sharply and follow the trend of unemployment. In the first year of the Bush tax cuts, the government took in record revenue. If unemployment were below 8%, like it was under Bush, we would still be gaining record revenue.
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I love your source - none.


Here's the truth - with a source:


We can't have both lower taxes and fatter government coffers.


The Congressional Budget Office, the Treasury Department, the Joint Committee on Taxation, the White House’s Council of Economic Advisers and a former Bush administration economist all say that tax cuts lead to revenues that are lower than they otherwise would have been.



From the Congressional Budget Office’s 2007 Budget Outlook: “The expiration of tax provisions as scheduled has a substantial impact on CBO’s projections, especially beyond 2010 when a number of revenue-reducing tax provisions enacted in the past several years are slated to expire,” the report says. “Almost all of the expiring provisions reduce revenues.”



The Joint Committee on Taxation estimated that the 2001 tax legislation (the Economic Growth and Tax Relief Reconciliation Act) would cause government revenues to be 107.7 billion less than they would have been in the absence of the legislation in 2004, 107.4 billion less in 2005 and 135.2 billion less in 2006.



The committee's estimates for the effect of the Jobs and Growth Tax Relief Reconciliation Act of 2003 were that it would reduce otherwise projected revenues by 148.7 billion in 2004, 82.2 billion in 2005 and 20.7 billion in 2006. The JCT makes its comparisons against the Congressional Budget Office's receipts baselines.




The projections were not off the mark. A look at the committee's estimates of total federal revenue including the effects of the 2003 tax legislation versus the actual federal receipts shows that the JCT's projections were higher than actual revenues in 2003 and 2004 and slightly lower than actual receipts in 2005.




Also, Rob Portman, director of the Office of Management and Budget, and Ed Lazear, chairman of the Council of Economic Advisers, told journalists at the Washington Times last October that the tax cuts prompted economic and stock market growth. But, the paper reported, “they conceded that the tax cuts…cut deeply into government revenue.”


http://www.factcheck.org/taxes/supply-side_spin.html


Dixie said:
Yes, which means there are less people paying income taxes, which means we are producing less income tax revenues. DUH!
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And people paying less in taxes is a good thing, according to you, isn't it?


Dixie said:
President Obama said; "Failing to extend the Bush tax cuts would have dealt a devastating blow to our economy, and thanks to our actions, that will not happen." So, I guess you are trying to tell us that Obama LIED????
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I'm not 'trying' to tell you anything. I'm stating it plainly.




Obama - and Congress - fucked up by caving to the Tea-roists.
 
Mott the Hoople said:
It probably has more to do with State budget short falls. Lack of revenues are starving the State University system and when that happens......the cost of tuition goes up. This can't continue. I mean hell I got my MS a little over 10 years ago from a top tier program and I only spend $18,000 for tuition.
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Sure hasn't affected my state run school. I paid just under $2400 for 17 credits.
 
if you need more income you seek out more income.......if you need to balance your budget you should cut expenses.....the federal government doesn't need more income, it already has a ton of income.....the problem is, it has a ton and a half of spending.....
 
President Mittens said:
Sure hasn't affected my state run school. I paid just under $2400 for 17 credits.
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That's undergraduate dude and $2400 is $900 more then what I paid for an entire year (45 trimester hours) when I was in school (insert old age joke here). At todays rates though that's not bad. A typical Big 10 School is gonna cost around $45,000+ for a BA/BS degree (that's just tuition and fees). When I graduated 26 years ago with my BA the cost in tuition and fees was around $7000. The average cost today is around $40,000. That's nearly a 600% increase in only 26 years.
 
Mott the Hoople said:
That's undergraduate dude and $2400 is $900 more then what I paid for an entire year (45 trimester hours) when I was in school (insert old age joke here).
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/grins.....when I went to college it was around $1200 a year, law school was $5000......but then, in the summers I had a job as a welder in a factory making $1.80 an hour and my first job as a lawyer paid $10k a year....
 
Mott the Hoople said:
That's undergraduate dude and $2400 is $900 more then what I paid for an entire year (45 trimester hours) when I was in school (insert old age joke here). At todays rates though that's not bad. A typical Big 10 School is gonna cost around $45,000+ for a BA/BS degree (that's just tuition and fees). When I graduated 26 years ago with my BA the cost in tuition and fees was around $7000. The average cost today is around $40,000. That's nearly a 600% increase in only 26 years.
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A: You're not adjusting for inflation.
B: It's actually technical training.
C: You can get a 'degree' from a bunch of rip-off schools these days. Because these 'schools' do not produce people who get jobs (nor do most colleges these days) costs have to rise to cover the fact that loans are going into default. Which raises the rate of default when people still can't find a job. It's an exponential cycle.
 
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