Agree, but we need a fix. People aren't going to like the fix not matter what it is.

Trickle down doesn't work because greed causes the theory to collapse. Greenspan admitted the other day that is why he failed. He underestimated greed.

Think of it as borrowing from the Wealthier percentages so we can go back to reduced taxes, less spending, etc. Spending isn't going to be as rampant as Conseravatives make out Obamas presidency to ( possibly) be. There isn't going to be any money to spend. We are a country on the edge of bankruptcy. We will get used to the lack of federal assistance and possibly turn a deficit into a surplus once again.   

I only pinned the blame on his administration for what they were directly responsible for.  Care to prove me wrong on a single one of those assertions?  Go for it.

Excuse me?!   You honestly think the vast majority of the American public (you know, the ones voting for Obama next week) is "lazy" and "scrounging off the government"?!  The ones working two jobs just to get by where one used to suffice?  The ones who have to go bankrupt because it turns out their health insurance isn't worth the paper the plan was printed on?  The ones who just lost a huge portion of their retirement savings due to the Wall Street gamblers finally having their bad loans called?

Guess what.  The vast majority of my hard-working, quite intelligent, tax paying, educated colleagues, peers, and employees are voting for Obama too. 

I'm not sure where you came up with the idea that America is a "welfare state" society, but compared to the rest of the free world, we're downright stingy when it comes to taking care of our own. 

Kenwas and Night Train, you make good points that I actually agree with to some measure, but I've also addressed the issues of a gridlocked Congress, Actual President Cheney, and Bush as an affable patsy in previous dissertations on this thread.  I just wanted you to know I appreciated your positions and the cogent manner in which you presented them. 

Absolute bullshit. [insert smiley for holding nose]

At least you've shown your membership card in the coming Thugocracy.  You would've made a perfect Brown Shirt.

I do have compassion for the less fortunate and I give money to those I feel need it the most. I would give more if the mob(the U.S. government and their goons, the IRS) didn't take their cut first. I earned that money and I should decide who it goes to.

I read your article.  Did you? It begins

"Nearly two-thirds of U.S. companies and 68% of foreign corporations do not pay federal income taxes, according to a congressional report released Tuesday "

It explains that most of these were small businesses that paid heavy state tax and therefore reportred zero income, etc.  You were talking about the top US companies.

The article concludes"

"

U.S. politicians disagree about how much income tax the government should levy on corporations. Currently the rate is 35%, but most foreign governments have set their rates below the U.S. level.

"The U.S. corporate tax rate stayed the same while foreign countries have drifted down, which increases the incentive for companies to report income in other countries," said Toder. "If the U.S. drops the rate to 30% but closes other tax loopholes, that may ultimately generate more tax revenue for the government." 

Which is exactly the opposite of waht Obama intends to do.

I guess it really is pointless to try to discuss it when you just repeat the same sentence, and can't see that someone else feels the same as you except that he sees you as being in the Catbird's seat.

Ditto and right back at ya! Have a fine day! We'll all figure out how to keep the boat afloat eventually.

Guys against tax increase...

How are we supposed to pay for country debt and Iraq war without any tax increase? Midas touch?

No we MUST have tax increase. Not tax cuts or keep current system.

I just don't know why you guys keep wanting expensive things like Iraq war and not pay for it.

No, Obama wants to close the loopholes to.  And if that happened, you might see a broader tax cut overall, because income would go up into the federal coffers.

Either way, it should be interesting to see what REALLY happens with the new administration.

Keep spinning those meaningless spin phrases.  They are a shortcut to thinking, after all.

Meanwhile, I'm still waiting for an intellectual, factual rebuttal from you in regards to, well, anything anyone has said here.  Honestly! 

Shhhh...see it's been working so well for them the past decade, right?! 

Thanks for cutting to the chase.  That is indeed the point.

I agree with your sentiment NT but feel you are combining different things.  Triggle down was always based on the requirement for smaller government and fiscal responsibility which never happened under the Bush admin. Art Lauffer who created Triggle Down theory under Regan would cringe at the republicans under Bush growing the government "like they were democrats"

Greed is with us always, and it knows no party affiiation and created wacko behavior in many areas, not just wall street.

removed double post...sorry

Like this: Pull out of Iraq, turn it over to the government in place and tell them to get their shit under control or we will be back with the Air Force, not ground troops. Then take a fraction of that money and close the Mexican boarder.