Veteran Republican senator denounces Boehner's tax offer

we all understand this and I am a fiscal conservative however skimming a little cream while reforming the spending would not jeopardize the economy. The current Washington crowd is responsible for this mess. There are no sacred cows at this point. How do you unwind the lobbyists who have filled the pockets of Washington elite – and the contrived tax code that enables extortion. YOu see if you make it simple – then there is no power in Washington for extracting a little juice for special favors in the law. But this cuts across both parties. Can Washington stop being so stupid and do the right thing…..a small increase with spending reform is not a death blow to out democracy and economy. But get government reigned back in… I don’t care about the tax rates – I care about our country.

Assume some one came to you with a sure shot for making money. Right now, one keeps at least 65 cents of every dollar one makes. If the rate went up to the Clinton years, the person will still pocket 61 cents of every dollar they make. So does anyone think the person will say no to 61 cents, because they couldn’t make 65 cents before?

Even when the Federal maximum was 91%, people still made money. And under the Start of the Reagan years, taxation was in the 70% range.

The wealthy have done very well in this economy. Time to quit the crocodile tears, and recognize one lives in a great nation, and many have not done very well. And not done very well since the system has been rigged to benefit the few.

@pavoter — The problem is that no one ever gets a sure shot for making money, so you always are dealing with a combo of the odds of making money combined with how much you’re going to get to keep. If the odds of making money are only 40% (which is probably optimistic given that over half of businesses fail within their first year), then whether you get to keep 65 cents vs. 61 cents is much more of a factor.

And you can forget the myth about 91% and 70% tax rates. NOBODY actually paid those rates at the time because there were so many deductions and tax shelters available. Many paid lower actual rates than they pay now.

If the system has been rigged to benefit the few and the wealthy have done very well, it sounds like you better get out there and start a business so you can be wealthy and rig the system like the people you seem to envy so much!

> “This isn’t rocket science. Everyone knows that when you take money out of the economy (with tax hikes), it destroys jobs, and everyone knows that when you give politicians more money, they spend it,” DeMint said.

Does DeMint reckon that private citizens always spend rationally & locally, whereas government always spends wastefully and out-sources their contracts? If not, I can’t understand where he’s coming from with his argument. If so, perhaps he should tell us where the wasteful spending is?

As things stand, I reckon it would be more accurate to suggest that America has a choice between:
• Basic education and healthcare for all, including the poor who WANT to be productive members of American society;
• Wealthy people purchasing more luxury goods from abroad (including consumer electronic products from the Far East that will be obsolete in a few years time anyway).

So which of THESE choices would be better for future American economic prospects? Or better for the American people?

In a statement, DeMint said, “This isn’t rocket science. Everyone knows that when you take money out of the economy (with tax hikes), it destroys jobs, and everyone knows that when you give politicians more money, they spend it,” DeMint said.

Ergo, the logical ultimate extension of this thinking is that zero taxes and zero government spending will inexorably result in the maximum number of jobs possible. Paradise! Right….

Effective federal income tax rates are at their lowest point in decades and have been for ten years. Where are the jobs?

Since it is becoming apparent the legislators won’t be able to arrive at solutions themsleves, I’m beginning to come around to the thinking we need to just go ahead and willingly, no, anxiously jump off this so-called “cliff,” and without parachutes. Restore the tax rates of the 90′s, and slash spending. Cause a recession to ensue for some amount of time, then work our way out of it.

It’s really more of a “fiscal slope” than a cliff anyway. Yeah, there will be pain. Guess what: No real long-term solution to the country’s fiscal issues will involve only sweet milk chocolate.

We’d be a lot better off now if the Concord Coalition founded by Warren Rudman, Paul Tsongas and Pete Peterson in 1992 had been listened to then.

It’s funny how tax increases take money out of the economy, but spending cuts don’t do the same thing. A dollar less is a dollar less.

Thank God for the fist pounding Jim DeMint, and the other protectors of the wealthy people like Jim DeMint. What an american hero.

Between Demint and McConnell I don’t know who’s worse. Both of them are among the biggest porkers in the republican party.
The state of South Carolina is among the most stable in the nation and Demint doesn’t have to much to worry about so long as people have nothing to complain about. But so far as his contribution to the federal government or his state all he has to do is spout off occasionally and he’s in the clear.
Another cob webed permanent fixture donating nothing and sucking up the perks and benefits of the gold carpet treatment that Washington has generated. Another example of the need for term limits!

Between Demint and McConnell I don’t know who’s worse. Both of them are among the biggest porkers in the republican party.
The state of South Carolina is among the most stable in the nation and Demint doesn’t have to much to worry about so long as people have nothing to complain about. But so far as his contribution to the federal government or his state all he has to do is spout off occasionally and he’s in the clear.
Another cob webed permanent fixture donating nothing and sucking up the perks and benefits of the gold carpet treatment that Washington has generated. Another example of the need for term limits!

Between Demint and McConnell I don’t know who’s worse. Both of them are among the biggest porkers in the republican party.
The state of South Carolina is among the most stable in the nation and Demint doesn’t have to much to worry about so long as people have nothing to complain about. But so far as his contribution to the federal government or his state all he has to do is spout off occasionally and he’s in the clear.
Another cob webed permanent fixture donating nothing and sucking up the perks and benefits of the gold carpet treatment that Washington has generated. Another example of the need for term limits!

Between Demint and McConnell I don’t know who’s worse. Both of them are among the biggest porkers in the republican party.
The state of South Carolina is among the most stable in the nation and Demint doesn’t have to much to worry about so long as people have nothing to complain about. But so far as his contribution to the federal government or his state all he has to do is spout off occasionally and he’s in the clear.
Another cob webed permanent fixture donating nothing and sucking up the perks and benefits of the gold carpet treatment that Washington has generated. Another example of the need for term limits!

Between Demint and McConnell I don’t know who’s worse. Both of them are among the biggest porkers in the republican party.
The state of South Carolina is among the most stable in the nation and Demint doesn’t have to much to worry about so long as people have nothing to complain about. But so far as his contribution to the federal government or his state all he has to do is spout off occasionally and he’s in the clear.
Another cob webed permanent fixture donating nothing and sucking up the perks and benefits of the gold carpet treatment that Washington has generated. Another example of the need for term limits!