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Obama Promises Billions for Anti-Poverty Program

Discussion in 'Political Debate & Discussion' started by Dragoon68, Sep 19, 2008.

  1. Gold Dragon

    Gold Dragon Well-Known Member

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    #21 Gold Dragon, Sep 21, 2008
    Last edited by a moderator: Sep 21, 2008
  2. Dragoon68

    Dragoon68 Active Member

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    When someone is trying to sell someone else a bill of goods they do tend to grossly underestimate the costs and overestimate the benefits. How many government projects are completed at or under budget? How many government programs are closed out when the original goal is completed?
     
  3. Dragoon68

    Dragoon68 Active Member

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    Most administrations end up living with the work of the previous ones. I don't think the problem is the result of any one President, one administration, one Congress, or one party. I do think the Democrats think more towards big government social programs but I don't blame them for all of the problems we have. I think it's a national problem. I think we just keep demanding that the government solve all our problems because we someone think they can save us. There's always a plentiful supply of politicians and bureaucrats ready to take our money for the things we demand whether they can work or not. The process skims a lot of corruption and a whole lot more waste. It breeds more dependency upon government. We've come to look no where else for our problems. We are now a young socialist nation. Only the voters can reverse the trend but with the rapid change in the demographics - greed, selfishness, entitlement, jealousy, laziness, ignorance, etc. - of that population I would not bet much on it happening.
     
  4. Gold Dragon

    Gold Dragon Well-Known Member

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    There is a big difference between < $1mil and $800 bil that is not due to underestimation. It is from a complete misunderstanding of what is being estimated on the part of the critics.
     
  5. Dragoon68

    Dragoon68 Active Member

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    History has shown that government consistently underestimates the costs of all its grand ideas and the tax payers end up with a lot bigger bill than first suggested and a new program that is never eliminated.

    There's no reason to believe any differently from today's promises. The best thing for government to do is absolutely nothing! Then, at least, we can be sure their budget will not be overrun.

    Government give away programs for the poor don't work especially if administered by the UN through various rouge regimes when poverty is a major by-product of those regimes.
     
  6. Gold Dragon

    Gold Dragon Well-Known Member

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    I would recommend reading the actual act. There is no program being implemented to give away money to any organizations. There may be one in the future but this act does not do this.
     
    #26 Gold Dragon, Sep 21, 2008
    Last edited by a moderator: Sep 21, 2008
  7. Dragoon68

    Dragoon68 Active Member

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    No "give away" involved you say! I have read the act. I do, in fact, read a lot of these "great ideas" that Congress has and lay into them regularly. This one is an open sink hole for give-away! It's all about giving more money for social re-engineering in foreign countries. It's loaded with grand ideas of how to accomplish it. It sets a broad sweeping goal to reduce "... by one-half the proportion of people worldwide, between 1990 and 2015, who live on less than $1 per day." but it doesn't establish any kind of budget cap on the amount to be spent. Here's just one quote from the act: "The United States has recognized the need for increased financial and technical assistance to countries burdened by extreme poverty ..." That sounds like the spending of a lot of money to me on any number of things most of which won't have anything to do with feeding the hungry, clothing the naked, or sheltering the homeless. It'll be just another collection of tax money and redistribution of wealth from our pockets to some corrupt regime in some third world nation.
     
  8. KenH

    KenH Well-Known Member

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    The new $700 billion bail out for the financial institutions is going to greatly limit new tax cuts and new spending by the new administration regardless of who is the next president.
     
  9. Gold Dragon

    Gold Dragon Well-Known Member

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    Yes that is the goal. But the act itself does not establish any program to do this. All it does is give the president of the US the responsibility to develop a plan to do this in cooperation with other nations, nation bodies and organizations, particularly those whose existence is to accomplish that same goal.
     
  10. Dragoon68

    Dragoon68 Active Member

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    I don't care how it's sugar coated - it's about spending money and lot's of it. It establishes a goal without setting any budget limits. It will only be followed up by more of the same which will cost more and more. History has demonstrated this is the way it works.
     
  11. LeBuick

    LeBuick New Member

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    I agree, I would appreciate one of the candidates being honest and tell us to forget the promised tax cuts and feel lucky if they don't go up. It's ridiculous to stick to their plans in the face of our new debt.
     
  12. Revmitchell

    Revmitchell Well-Known Member
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    Tax increases slow the economy and the return on them is less that the opposite.
     
  13. KenH

    KenH Well-Known Member

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    A conservative fantasy that keeps being repeated but is still not true regardless of how many times it is repeated.

    I would agree that there is a tipping point at which tax rates do bring in less revenue but that is not true until that tipping point is reached. Figuring out the tipping point is more of an art than a science.
     
  14. StefanM

    StefanM Well-Known Member
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    This is very true.

    IMO, I think we should leave the tax rates the same while drastically reducing spending. Once we get the budget under control, we can start thinking about programs or tax cuts. A tax increase isn't feasible with the economy in its current state.
     
  15. KenH

    KenH Well-Known Member

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    Raising taxes is better than to continue building up the national debt by $500-600 billion dollars year in and year out if spending isn't cut. Even the Republicans didn't cut spending when they controlled both the White House and the Congress for several years.
     
  16. Revmitchell

    Revmitchell Well-Known Member
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    You accused my statement of being false and then agreed with it.
     
  17. LeBuick

    LeBuick New Member

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    Not if we're talking about the top 5%, increasing their tax won't slow the economy one iota. They won't even notice the money missing.
     
  18. Revmitchell

    Revmitchell Well-Known Member
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    Whatever you need to ease your conscience.:thumbs:
     
  19. LeBuick

    LeBuick New Member

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    It's a fact, you think charging Bill Gates an extra 2% or 3% will slow his spending? You think it will keep him from going to a movie? You think he'll buy one less car or take one less trip?
     
  20. Revmitchell

    Revmitchell Well-Known Member
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    Aside from th answer to your question being yes, do you really believe it will only be 2 or 3 percent?:laugh:
     
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