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In reply to the discussion: I could not have taken a100 dollar monthly tax hike [View all]Kennah
(14,261 posts)24. Read Elizabeth Warren some time
Consumers have NOT gone nuts spending themselves into oblivion. In some areas, like consumer electronics, spending has risen, but in other areas, like clothing, spending has fallen. It's been overall fairly static, including wages, but the price of housing has skyrocketed.
Besides, if we're talking about the federal budget, very clearly it's been the unfunded wars and a military budget that is larger than the next 10 militaries of the world that has brought us here. Not people with their cell phones.
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Because the payroll tax cut was apparently the one tax cut they didn't want to extend/alter. n/t
W_HAMILTON
Jan 2013
#3
Not to defend Obama, but the payroll tax cut that was just ended was the same mistaken payroll tax
coti
Jan 2013
#25
Good! We have to fund Social Security and it should have never been cut in the first place.
TheKentuckian
Jan 2013
#36
To the rate that people have paid since the 1980s. It's worth it to have Social Security
JDPriestly
Jan 2013
#12
I would have taken an 8% reduction in yearly income. Which would have meant me having to find
JaneyVee
Jan 2013
#5
I'm somewhat serious in the belief we may see tent cities of people living out of their vans
Kennah
Jan 2013
#21
Hey! We who are now retired used to pay those 1300 bucks a year more than you will pay.
JDPriestly
Jan 2013
#13
I was told earlier that the $150-$200 that would probably leave each paycheck
alcibiades_mystery
Jan 2013
#10
Buy we did it. We did not have a lot of the things people have today -- cell phones, etc.
JDPriestly
Jan 2013
#22
time for the 1% to pay for Iraq and Afghanistan. shoulda listened to us. dipshits.
bubbayugga
Jan 2013
#27