A Quote by James Douglas
At a time of economic recession, the need for Medicaid and other safety net services is even greater. And we don't want to raise taxes on people who are having a tough time paying their bills.
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When we were at peace, Democrats wanted to raise taxes. Now there's a war, so Democrats want to raise taxes. When there was a surplus, Democrats wanted to raise taxes. Now that there is a mild recession, Democrats want to raise taxes.
The left does understand how raising taxes reduces economic activity. How about their desire for increasing cigarette taxes, soda taxes? What are they trying to do? Get you to buy less. They know. They know that higher taxes reduce activity. It's real simple: If you want more of an activity, lower taxes on it. If you want less of an activity, raise taxes. So if you want more jobs? It's very simple. You lower payroll taxes. If you don't want as many jobs, then you raise corporate taxes. It's that simple, folks.
You raise taxes during an economic crisis time, as we did in - back in the time of Herbert Hoover, you send the country into a depression.
What middle-income Americans want most of all is a job. We need a generous safety net for the most vulnerable in our society, but for most people the biggest social accomplishment that we can help them achieve is a good-paying job.
We believe that business is the engine that drives the car. You've got to build your business base. That means creating more jobs, better paying jobs - that's how you raise your standard of living. That's how you raise your quality of life. That's what funds all the other services people want from government.
I think people forget that when people lose Medicaid coverage, they still show up at the hospital when they have a chronic illness or a traumatic impact on their health. And those bills are paid by the hospital who then passes those costs on. They do not have a magic fairy paying the bills for people who show up without insurance. Those bills are passed on to all the people in our country that do have insurance. That's why this bill is not going to break the cycle of higher premiums - because we're going to have fewer people insured.
Most Americans get that there is a need for a safety net in our country, and we support that safety net.
One of the dangers about net-net investing is that if you buy a net-net that begins to lose money your net-net goes down and your capacity to be able to make a profit becomes less secure. So the trick is not necessarily to predict what the earnings are going to be but to have a clear conviction that the company isn't going bust and that your margin of safety will remain intact over time.
So, for instance, let me make this clear: You know I signed a statement. I will not raise taxes on anybody. I don't want to raise taxes on the American people.
We are dealing with the question of the 11 million people paying their taxes, having a path to legalization and, then, ultimately, to citizenship. Tough issues but we are coming together and I think we can do it.
Governors of both political parties face a stark choice between unpopular tax increases and drastic cuts in Medicaid, education, public safety and other essential services.
You know, there are people making a lot of money in this country who can actually afford their own health care. We are in a situation where we got a safety net in place in this country for people who frankly don't need one. We got to focus on making sure we got a safety net for those who actually need it.
There are times when a market such as housing, transportation or the stock or mortgage market keep rising and people with capital want to join in this growth. Soon the markets become overheated, partly because of the abundance of investment money and speculation. This is when the government should raise interest rates and increase the cost of borrowed money. Governments are shy about doing this because it could cause the very recession. Yet this is the best time to do this so that the inevitable recession never reaches the magnitude of the recent Great Recession.
So, in Europe, they're cutting people's retirement and health benefits. And that's what we want to avoid from happening. They're raising taxes, entering a recession. That's the kind of economic program that President Obama has put in place.
There's 6 million people living in poverty today, more than when Barack Obama got elected. 6.5 million people are working part-time, most of whom want to work full-time. We've created rules and taxes on top of every aspiration of people, and the net result is we're not growing fast, income is not growing.
It's the same thing with faith, by the way." We don't want to get stuck having to go to services all the time, or having to follow all the rules. We don't want to commit to God. We'll take Him when we need Him, or when things are going good. But real commitment? That requires staying power?-?-?-in faith and in marriage." And if you don't commit? I asked. "Your choice. But you miss what's on the other side." What's on the other side? "Ah." He smiled, "A happiness you cannot find alone.
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