This is interesting.............
- Thread starter darthtang aw
- Start date
snakeblitz33
Well-Known Member
darthtang aw
Active Member
darthtang aw
Active Member
bionicarm
Active Member
Quote:
Originally Posted by Darthtang AW http:///t/392339/this-is-interesting#post_3483155
We saved it.
We worked for it, our own hard earned money that we saved over the years. No loan.
Actually, you are wrong. Business plan my wife drew up on her own...after looking at example business plans from a book she bought with her hard earned money. The idea was actually rather random. Neither of us had ever groomed, or knew anything about the business or what it entailed. We self taught ourselves...trial and error....
How did it get maintained before?
Actually, not just the government, but the department of Defense. That branch you want to cut funding to. It was security related research. Private companies and people found a way to have the internet be profitable...not the government.
.
In 2010..mandatory spending was at 2.173 trillion. Discretionary spending was at 1.378 trillion. I am not sure you even understand what constitutes discretionary spending. The total deficit for 2010 was 1.1 trillion.
welfare, unemployment is considered mandatoyr spending. Defense budget is actually considered discretionary spending.
Cut some mandatory spending programs and you would cut the deficit in half, medicaid, wlelfare, and the unusually long extended unemployment cost 850 billion dollars. i did not say cut social security or medicare..........
Your little dog grooming business is an exception, not the rule. Of course not all busineses fit in that category. His statement was an overall generalization of what the majority of businesses out there do to get started and succeed. He assumed anyone with half a brain would understand the concept he was trying to convey.
I've pulled up a pie chart that shows exactly where all the spending occurs on this forum to many times to argue the point. You can call the Big 3 discretionary, mandantory, anything you want. The bottom line is those three programs constitute 60% - 70% of our annual budget. You could whack every bit of the remainder of the budget, and all you'd be accomplishing was a band-aide fix to the problenm. It would bve like making the minimum monthly payment on your credit card every month, but the interest rate on the card was 38%, and it would take you 80 years to pay off the balance.
Originally Posted by Darthtang AW http:///t/392339/this-is-interesting#post_3483155
We saved it.
We worked for it, our own hard earned money that we saved over the years. No loan.
Actually, you are wrong. Business plan my wife drew up on her own...after looking at example business plans from a book she bought with her hard earned money. The idea was actually rather random. Neither of us had ever groomed, or knew anything about the business or what it entailed. We self taught ourselves...trial and error....
How did it get maintained before?
Actually, not just the government, but the department of Defense. That branch you want to cut funding to. It was security related research. Private companies and people found a way to have the internet be profitable...not the government.
.
In 2010..mandatory spending was at 2.173 trillion. Discretionary spending was at 1.378 trillion. I am not sure you even understand what constitutes discretionary spending. The total deficit for 2010 was 1.1 trillion.
welfare, unemployment is considered mandatoyr spending. Defense budget is actually considered discretionary spending.
Cut some mandatory spending programs and you would cut the deficit in half, medicaid, wlelfare, and the unusually long extended unemployment cost 850 billion dollars. i did not say cut social security or medicare..........
Your little dog grooming business is an exception, not the rule. Of course not all busineses fit in that category. His statement was an overall generalization of what the majority of businesses out there do to get started and succeed. He assumed anyone with half a brain would understand the concept he was trying to convey.
I've pulled up a pie chart that shows exactly where all the spending occurs on this forum to many times to argue the point. You can call the Big 3 discretionary, mandantory, anything you want. The bottom line is those three programs constitute 60% - 70% of our annual budget. You could whack every bit of the remainder of the budget, and all you'd be accomplishing was a band-aide fix to the problenm. It would bve like making the minimum monthly payment on your credit card every month, but the interest rate on the card was 38%, and it would take you 80 years to pay off the balance.
darthtang aw
Active Member
Your little dog grooming business is an exception, not the rule. Of course not all busineses fit in that category. His statement was an overall generalization of what the majority of businesses out there do to get started and succeed. He assumed anyone with half a brain would understand the concept he was trying to convey.
I've pulled up a pie chart that shows exactly where all the spending occurs on this forum to many times to argue the point. You can call the Big 3 discretionary, mandantory, anything you want. The bottom line is those three programs constitute 60% - 70% of our annual budget. You could whack every bit of the remainder of the budget, and all you'd be accomplishing was a band-aide fix to the problem. It would bve like making the minimum monthly payment on your credit card every month, but the interest rate on the card was 38%, and it would take you 80 years to pay off the balance.
i now own and operate two businesses. I know another guy, right next door to me that started his own sausage, ravioli, and meatball business and shop with no loan. His recipes...etc.....It is not as uncommon as you think.
Using your own chart
http://www.usgovernmentspending.com/year_spending_2012USbf_13bs1n_103000#usgs302
all welfare is a total of almost 800 billion. Federal employee pensions (which they get along with social security) total 127 billion. This does not include military. That right there is wasted spending.
The deficit interest is 223 billion.
You clearly want to raise taxes. Ok. Lets raise them....ALOT. In 2007, if taxable income in the 35 percent bracket had been taxed at 49 percent, federal income tax revenues would have been $78 billion higher . That is all....Today, in this economy.....Do you honestly think it would be much higher?
I've pulled up a pie chart that shows exactly where all the spending occurs on this forum to many times to argue the point. You can call the Big 3 discretionary, mandantory, anything you want. The bottom line is those three programs constitute 60% - 70% of our annual budget. You could whack every bit of the remainder of the budget, and all you'd be accomplishing was a band-aide fix to the problem. It would bve like making the minimum monthly payment on your credit card every month, but the interest rate on the card was 38%, and it would take you 80 years to pay off the balance.
i now own and operate two businesses. I know another guy, right next door to me that started his own sausage, ravioli, and meatball business and shop with no loan. His recipes...etc.....It is not as uncommon as you think.
Using your own chart
http://www.usgovernmentspending.com/year_spending_2012USbf_13bs1n_103000#usgs302
all welfare is a total of almost 800 billion. Federal employee pensions (which they get along with social security) total 127 billion. This does not include military. That right there is wasted spending.
The deficit interest is 223 billion.
You clearly want to raise taxes. Ok. Lets raise them....ALOT. In 2007, if taxable income in the 35 percent bracket had been taxed at 49 percent, federal income tax revenues would have been $78 billion higher . That is all....Today, in this economy.....Do you honestly think it would be much higher?
darthtang aw
Active Member
If you want taxes raised...raise them on all across the board. The bulk of the federal income tax collect comes from your middle to upper middle class. Not your top 2%. Why? because there is a broader amount of middle class. The reason you never hear about truly raising taxes across the board....it is us middle class that will vote you out for doing that to us. However, to truly increase revenue by raising taxes, the poor and the middle class would need to be raised...even a 2% increase will generate far more revenue than a 14% increase on the top two percent. But then, you would slow down the economy even more.
bionicarm
Active Member
Quote:
Originally Posted by Darthtang AW http:///t/392339/this-is-interesting#post_3483179
If you want taxes raised...raise them on all across the board. The bulk of the federal income tax collect comes from your middle to upper middle class. Not your top 2%. Why? because there is a broader amount of middle class. The reason you never hear about truly raising taxes across the board....it is us middle class that will vote you out for doing that to us. However, to truly increase revenue by raising taxes, the poor and the middle class would need to be raised...even a 2% increase will generate far more revenue than a 14% increase on the top two percent. But then, you would slow down the economy even more.
Reducing the deficit can't be reduced by either cutting taxes or reducing spending. You have to do both. I need to track down this assignment my daughter had to do for her Government class this summer. It was an exercise based on the 2010 budget. You had to balance the 2015 and 2030 budget by either cutting spending on various programs, or increase (or expire taxes, i.e. Bush Tax Cuts). After I finished the exercise, my percentages came to 65% spending cuts, and 35% tax increases/expiration. Some form of those two have to occur if you want to make any sortof dent on the deficit.
Originally Posted by Darthtang AW http:///t/392339/this-is-interesting#post_3483179
If you want taxes raised...raise them on all across the board. The bulk of the federal income tax collect comes from your middle to upper middle class. Not your top 2%. Why? because there is a broader amount of middle class. The reason you never hear about truly raising taxes across the board....it is us middle class that will vote you out for doing that to us. However, to truly increase revenue by raising taxes, the poor and the middle class would need to be raised...even a 2% increase will generate far more revenue than a 14% increase on the top two percent. But then, you would slow down the economy even more.
Reducing the deficit can't be reduced by either cutting taxes or reducing spending. You have to do both. I need to track down this assignment my daughter had to do for her Government class this summer. It was an exercise based on the 2010 budget. You had to balance the 2015 and 2030 budget by either cutting spending on various programs, or increase (or expire taxes, i.e. Bush Tax Cuts). After I finished the exercise, my percentages came to 65% spending cuts, and 35% tax increases/expiration. Some form of those two have to occur if you want to make any sortof dent on the deficit.
bionicarm
Active Member
Quote:
Originally Posted by bionicarm http:///t/392339/this-is-interesting#post_3483185
Reducing the deficit can't be reduced by either cutting taxes or reducing spending. You have to do both. I need to track down this assignment my daughter had to do for her Government class this summer. It was an exercise based on the 2010 budget. You had to balance the 2015 and 2030 budget by either cutting spending on various programs, or increase (or expire taxes, i.e. Bush Tax Cuts). After I finished the exercise, my percentages came to 65% spending cuts, and 35% tax increases/expiration. Some form of those two have to occur if you want to make any sortof dent on the deficit.
http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html
Originally Posted by bionicarm http:///t/392339/this-is-interesting#post_3483185
Reducing the deficit can't be reduced by either cutting taxes or reducing spending. You have to do both. I need to track down this assignment my daughter had to do for her Government class this summer. It was an exercise based on the 2010 budget. You had to balance the 2015 and 2030 budget by either cutting spending on various programs, or increase (or expire taxes, i.e. Bush Tax Cuts). After I finished the exercise, my percentages came to 65% spending cuts, and 35% tax increases/expiration. Some form of those two have to occur if you want to make any sortof dent on the deficit.
http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html
darthtang aw
Active Member
http://www.nytimes.com/interactive/2010/11/13/weekinreview/deficits-graphic.html?choices=zzkvr000
Interesting...because I just solved it without any tax increases.
Interesting...because I just solved it without any tax increases.
Quote:
Originally Posted by Darthtang AW http:///t/392339/this-is-interesting#post_3483155
Quote:
Originally Posted by bionicarm http:///t/392339/this-is-interesting#post_3483122
People are taking that comment out of context. If you own a business, where did you get the initial capital to get it started?
We saved it.
Huh? What kind of crazy concept is that??
Save and USA government are not allowed to be said in the same thread.
Originally Posted by Darthtang AW http:///t/392339/this-is-interesting#post_3483155
Quote:
Originally Posted by bionicarm http:///t/392339/this-is-interesting#post_3483122
People are taking that comment out of context. If you own a business, where did you get the initial capital to get it started?
We saved it.
Huh? What kind of crazy concept is that??