ST Alpha - "znu, you should know as well as anyone...businesses spend based on future projections. If all we have to look forward to is cap and tax, the Bush " (Reading a Post)

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In response to "does this give me permission to slap the next Republican I hear calling for more tax cuts? -- nm" by znufrii

znu, you should know as well as anyone...businesses spend based on future projections. If all we have to look forward to is cap and tax, the Bush

Posted by GJOSHGREEN Aug 3 '09, 10:56

tax cuts expiring, and inflation from the Monopoly money that we're currently printing...these projections don't bode well for investing in the future but rather saving for the storm.

Responses:

what does business spending have to do with a balanced government budget? - ty97 Aug 3, 10:58 14
- BO is initiating the largest money-grab on record from the private sector to the public. If businesses don't spend, the money grab is futile. - GJOSHGREEN Aug 3, 11:00 13
  - I *know*! Woohoo, Obama! -- nm - David Aug 3, 11:04
  - business spending is an indicator of economic growth. They're not expanding because all the work for profits is going to taxed to death. - GJOSHGREEN Aug 3, 11:04 10
    - If you're getting taxed at that high of a rate, chances are most of your income isn't from "working" in the first place, in the conventinoal sense of - znufrii Aug 3, 11:09 9
      - [deleted]
      - are you still in NY state? -- nm - GJOSHGREEN Aug 3, 11:12 7
        
        sure am. -- nm - znufrii Aug 3, 11:12 6
        
        taxes alone would eat up >$22k of a $65k salary...and that's before the health care tax hike/cap and tax/expiration of Bush cuts in '10 - GJOSHGREEN Aug 3, 11:19 5
        
        the accuracy of that number aside... - znufrii Aug 3, 11:24
        
        If taxes are too high, and the deficit is killing us, what's your solution? -- nm - ty97 Aug 3, 11:21 3
        
        quit spending money...quit bailing out private companies...quit starting new programs when we can't fund the old. - GJOSHGREEN Aug 3, 11:23 2
        
        [deleted] 1
        
        I agree....but people will continue to hoard cash if they think they have to brace for something. - GJOSHGREEN Aug 3, 11:26
  - oooo....kkkkk. Again, what does that have to do with a conversation about a need for a balaned budget? - ty97 Aug 3, 11:02

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znu, you should know as well as anyone...businesses spend based on future projections. If all we have to look forward to is cap and tax, the Bush

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