Comments on: Motown Mo Problems

By: Brian Kirwin

Brian Kirwin — Thu, 01 Jan 2009 22:39:27 +0000

Was there an invasion I missed?

By: J.R. Hoeft

J.R. Hoeft — Thu, 01 Jan 2009 19:49:33 +0000

Kirwin – you’re about a decade late. They’re Swedish now.

By: Amit

Amit — Thu, 01 Jan 2009 17:57:45 +0000

LD, no my equation is correct. in your equation you need to replace “DEFICIT” with “SURPLUS”. Anyway, where to cut? Let’s start with over 60,000 US troops in Asia and over 100,000 in Europe. Why can we redeploy them to Afghanistan and Border Patrol (in a non-military capacity). Let’s return more power to the states when it comes to education and get rid of No Child Left Behind. The FCC and FDA also have portions that can be removed. This probably warrants a separate thread.

By: LittleDavid

LittleDavid — Thu, 01 Jan 2009 17:15:08 +0000

Amit,

Let me have some fun with a quibble. Your math formula is wrong, it should be:

REVENUE – SPENDING = DEFICIT.

I’m open to spending cuts, but which do you propose? Everybody seems to want everything and nobody wants to pay for it.

Personally I am in favor of a little bit of both revenue increases and spending cuts like back during the Clinton years.

REVENUE INCREASES + SPENDING CUTS = BALANCED BUDGET.

By: Brian Kirwin

Brian Kirwin — Wed, 31 Dec 2008 19:22:52 +0000

JR, the Red Wings aren’t from Detroit. They’re from Russia.

By: Amit

Amit — Wed, 31 Dec 2008 18:39:44 +0000

LD, balancing the budget has two variables to the equation.

SPENDING – REVENUE = DEFICIT

want to balance the budget then remember you can also reduce spending.

By: J.R. Hoeft

J.R. Hoeft — Wed, 31 Dec 2008 15:54:37 +0000

Uh, I would beg to differ, BK.

The Detroit Red Wings won the Stanley Cup last year.
The Detroit Tigers were in the World Series in 2006.
Domino’s and Little Caesar’s Pizza are obviously giants in the industry.

Yea, I know, sports and pizza. But there is more to Detroit than that too.

It’s easy to kick Detroit…especially for folks who want you to not look at what’s going on in their cities.

By: Brian Kirwin

Brian Kirwin — Wed, 31 Dec 2008 13:58:09 +0000

The funny thing is that the most successful part of Detroit is the Lions.

By: LittleDavid

LittleDavid — Wed, 31 Dec 2008 13:36:24 +0000

Amit,

There goes that claim that reducing taxes always results in increased tax revenue. OK, I’ll counter that with this: If that was true all we would have to do is lower taxes to zero and balance the budget, but that does not work, right?

By: Amit

Amit — Wed, 31 Dec 2008 00:51:56 +0000

that Detroit needs your help!!! even I feel some connection to Detroit since it is the point of entry for my father when he first came to America. he has a lot of interesting stories including one where he saved a burglar’s life who was hanging from his windowsill.

By: J.R. Hoeft

J.R. Hoeft — Tue, 30 Dec 2008 23:17:31 +0000

Mark – just wait for the next one.

Amit – I came from Detroit…so did Mark. So, what are you trying to imply by this post.

By: Mark

Mark — Tue, 30 Dec 2008 22:02:55 +0000

It’s hard to imagine anything in this nation being more embarassing than our “President”…

By: Amit

Amit — Tue, 30 Dec 2008 20:23:24 +0000

LD, I am opposed to raising the personal income tax to counter the lowered corporate tax for two reasons. First, with more higher paying jobs there will automatically be an increase in tax revenue. Second, I do not want to take away disposable income from Americans which in turn will hurt the economy.

Jeremy, the exemptions, etc are mainly for big companies that have the lobbying power to get them passed. The medium to small businesses do not get those privileges.

By: Jeremy Hinton

Jeremy Hinton — Tue, 30 Dec 2008 18:34:29 +0000

Amit, as the article you cite mentions, though we have the 2nd highest rate, we have the 4th or 5th lowest effective rate, due to all the exemptions, credits, loopholes, and other complexities. The October 2007 oped in the WaPo by Jason Furman also mentioned in your link gives more info on the discrepancy and its economic impacts.

By: LittleDavid

LittleDavid — Tue, 30 Dec 2008 17:55:36 +0000

I’m in favor of lowering corporate tax rates as long as the reductions are matched with increases in personal income taxes. I think I risk being accused of being a fascist for even proposing this.

I have nothing against motivating someone to provide employment for the average citizen. My problem is with the likes of Paris Hilton that provide nothing but consume everything.

Paris Hilton is a snot nosed rich kid that did not earn the opportunities she inherited.