"Well....sorry. No matter who you vote for this election year or what your personal
beliefs are: Your taxes WILL be raised!" -- JennaBanks
Not true. It's blatantly obvious that the Democrats want to raise taxes. They code it with the word, "revenue increases." The Republicans are adamant against raising taxes. They've been this way since you made this comment. They've been this way since they gained the majority the first time, back in the 1990s.
"We are in a recession (no matter what people say, we are)" -- JennaBanks
As of the time you said this, this country wasn't in a recession yet. No matter what a bunch of liberally biased academic professors said later.
"...and in addition to sky high gas prices," -- JennaBanks
Generally speaking, gas price goes up as a result of supply and demand. As our economy improved in the early 2000s, our appetite for consumer goods went up. This increased our demands for goods made in China.
Production in China went up, causing them to import from Germany, Brazil and other countries. Production in those countries went up. This production increased demand on oil, which didn't see a major increase in supply.
Expecting part of the gas to be made in ethanol didn't help on the supply end either.
Bottom line, if demand goes up relative to a non changing supply, prices will go up.
Our post 1970s economy has been able to absorb the gas price increase. Granted, our economy took a beating when it did happen. But, that one factor alone isn't enough to tank an economy down... unless the rate of increase was higher.
Other factors, besides gas, play on our economy's performance.
"...our country is in a huge national debt." -- JennaBanks
Our country had a large national debt for decades. Don't let the surplus fool you.
Surplus and deficits address what our government collects in revenue... compared to what it purchases. If the government collects more revenues than it spends, we have a surplus. If the government spends more than it takes in, we have a deficit.
Don't confuse surplus versus deficit with the actual debt. We still had our national debt during the Clinton years.
"No matter if you vote for McCain, or the democratic candidate, you will have your taxes raised if living in the US of A." -- JennaBanks
Since you said this, even the Democrats held back on increasing taxes. In fact, they helped to extend the Bush tax cuts. The recent budget battle represented the Republicans holding the line in refusing tax increases.
"We have to pay for this HUGE war," -- JennaBanks
We have to pay for this NECESSARY war, just as we have to pay for our HUGE entitlement programs. I didn't see you complain about the HUGE social entitlement programs that our treasury is also funding.
"...and the nation will find a way to get back the money they granted us in rebate checks, believe that." -- JennaBanks
The government gave us those rebate checks in hopes that they could jump start the economy. That was money they willingly "gambled" in hopes for an improving economy. When the economy improves, the government collects more in tax revenue. That's how they were planning on getting it back.
They also understood that if their plan didn't work, that's money they'll never get back.
"It is unavoidable," -- JennaBanks
If you understood the economic under currents of what's happening, you'd have a leg to stand on when saying that. I didn't expect your prediction to come true. They didn't.
"...and those who have more money and have profited off of our nation the most, will pay more." -- JennaBanks
Those who profited "off our nation" tend to run this country's economic engine. If you increase taxes on them, our economic engine will run even slower. If that happens, the economy gets worse.
Also, you make it sound bad, profited "off our nation"?
They succeeded because they effectively satisfied customer demand. They're rich, because they provided something that we needed. We were willing to pay for what they provided. They wouldn't be rich if we weren't willing to buy their products or services.
The rich and super rich are to the blue collar worker what a "thousand dollar per session" provider is to you. Despite what many think, the rich aren't out to exploit our country. They're doing what anybody would do if given a chance... they're doing something that makes more money.
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