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Old 08-26-2012, 01:00 PM   #1
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Math says Romney wins in November

According to these Colorado professors who claim their analysis has never been wrong (since 1980.)
http://www.webpronews.com/presidenti...alysis-2012-08

In 2012, ?What is striking about our state-level economic indicator forecast is the expectation that Obama will lose almost all of the states currently considered as swing states, including North Carolina, Virginia, New Hampshire, Colorado, Wisconsin, Minnesota, Pennsylvania, Ohio and Florida,? Bickers said.
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Old 08-26-2012, 01:15 PM   #2
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No sense in voting, math has spoken.
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Old 08-26-2012, 01:22 PM   #3
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Then you can all see again how tax cuts don't stimulate the economy.
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Old 08-26-2012, 03:40 PM   #4
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I'm not waiting for tax cuts. I'm waiting to see if they actually implement Paul Ryans budget and if they do what happens if anything.
At least we'll have a budget...
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Old 08-26-2012, 03:44 PM   #5
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Well, at this point they are the only ones. There are a few other experts who are rarely ever wrong that show a pretty big uphill battle ahead for Romney.

Basically, Obama can win his strong and leaning states and he will only need about 25 more electoral votes which means if he wins Florida he wins. Romney can win his strong and likely states and still need about 85 more electoral votes which means he will need to win just about every battleground state. That will be very difficult for him to do.
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Old 08-26-2012, 03:49 PM   #6
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Then you can all see again how tax cuts don't stimulate the economy.
Strange then how it has worked every time! You should only be worried about the death tax anyway...
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Old 08-26-2012, 03:50 PM   #7
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kane, it'll be interesting to see what these Colorado professors say if their system proves wrong then!
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Old 08-26-2012, 03:51 PM   #8
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Strange then how it has worked every time! You should only be worried about the death tax anyway...
Actually it never did. Reagan lower taxes the economy went no where then he raised taxes 11x and it boomed.Clinton also raised taxes then it boomed.
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Old 08-26-2012, 03:57 PM   #9
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kane, it'll be interesting to see what these Colorado professors say if their system proves wrong then!
For sure.

I can see how, if it were closer to the election, they could make a prediction. Something will have to give. the guy from fivethirtyeight.com has been dead on the last few election and he gives Romney about a 30% chance of winning.

I think it will be close in the popular vote, but Romney has a lot of ground to make up in the electoral collage. If Romney can't win Florida it will make it next to impossible for him to win and Paul Ryan may turn out to be an anchor in Florida.
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Old 08-26-2012, 04:06 PM   #10
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Actually it never did. Reagan lower taxes the economy went no where then he raised taxes 11x and it boomed.Clinton also raised taxes then it boomed.
More liberal Kool-Aid. It even worked for your boy Kennedy.

http://www.heritage.org/research/rep...ower-tax-rates
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Old 08-26-2012, 04:17 PM   #11
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no matter who wins.....we lose
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Old 08-26-2012, 04:19 PM   #12
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When it comes to tax cuts and tax rates it is all just arbitrary bullshit numbers that few people really pay.

Romney is a perfect example. He says himself is effective tax rate over the last 10 years has been around 13%. Supposedly the top tax rate is 35%, but clearly he is nowhere near it.

Hell, big companies like Exon and General Mills pay ZERO federal income taxes.

There are also millions of middle class people who don't pay nearly the set tax rate because of the all the write-offs that they get.

The people who get screwed the most by federal taxes are those who are single and don't own a home so they have limited write-offs.
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Old 08-26-2012, 04:21 PM   #13
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More liberal Kool-Aid. It even worked for your boy Kennedy.

http://www.heritage.org/research/rep...ower-tax-rates
Your facts are from a right wing group? lol
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Old 08-26-2012, 04:35 PM   #14
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Your facts are from a right wing group? lol
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if you can't refute the facts, kill the messenger. lame.
Democrats...
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Old 08-26-2012, 05:21 PM   #15
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Democrats...
Can't come up with anything better than that, eh?

When you have no arguments, throw some poop. Stay classy republicans.

---

The interesting thing about these colorado guys is that it's an old school economic and unemployment model. The question is, does an old school model apply in an era of one black swan after another?

Last edited by Bill8; 08-26-2012 at 05:23 PM..
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Old 08-26-2012, 05:31 PM   #16
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Your facts are from a right wing group? lol
Where from do you want them to be from ????

Quicken Loans ?????

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Old 08-26-2012, 05:33 PM   #17
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Math to determine politics? That's like using math to figure out how to get laid.

It's all about charisma. It takes a charismatic candidate to beat the incumbent. Reagan beat carter, clinton beat bush, Gore lost to bush, etc. See the patern?

People don't change horses based on policy, they change based on personality, and Romney is about the least charismatic and most robotic candidate in history.
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Old 08-26-2012, 05:38 PM   #18
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No sense in voting. Nothing ever changes.
Fucked it up for you...
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Old 08-26-2012, 05:40 PM   #19
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Can't come up with anything better than that, eh?

When you have no arguments, throw some poop. Stay classy republicans.

---

The interesting thing about these colorado guys is that it's an old school economic and unemployment model. The question is, does an old school model apply in an era of one black swan after another?
It has for the past 22 years..
Who the fuck knows though.. They're both the same.. Either way we gotta grab our ankles.
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Old 08-26-2012, 05:47 PM   #20
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Major companies hiring thousands of people who are all taxed from the money they were paid from that major company...... they shouldn't get tax breaks?
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Old 08-26-2012, 07:03 PM   #21
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Bottom line NO ONE knows who is going to win.
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Old 08-26-2012, 07:25 PM   #22
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When it comes to tax cuts and tax rates it is all just arbitrary bullshit numbers that few people really pay.

Romney is a perfect example. He says himself is effective tax rate over the last 10 years has been around 13%. Supposedly the top tax rate is 35%, but clearly he is nowhere near it.

Hell, big companies like Exon and General Mills pay ZERO federal income taxes.

There are also millions of middle class people who don't pay nearly the set tax rate because of the all the write-offs that they get.

The people who get screwed the most by federal taxes are those who are single and don't own a home so they have limited write-offs.
The reason Romney pays a lower rate of tax is because he does not pay a Federal Income tax rate but pays a Capital Gains Tax rate as his only source of income is from his investments and his investment monies have already been taxed by a Federal Income Tax...as he earned it.
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Old 08-26-2012, 08:42 PM   #23
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The reason Romney pays a lower rate of tax is because he does not pay a Federal Income tax rate but pays a Capital Gains Tax rate as his only source of income is from his investments and his investment monies have already been taxed by a Federal Income Tax...as he earned it.
According to Bloomberg only about 50% of his income is from investments the rest was from other sources. There are enough loopholes and tricks that he can lower his rate dramatically. He isn't alone. Warren Buffett only paid 11% in 2010.

What I am getting at is that the tax code is so complex and filled with so many holes most people don't end up paying anywhere near the actual supposed tax rate for what they earn.
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Old 08-26-2012, 08:59 PM   #24
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The reason Romney pays a lower rate of tax is because he does not pay a Federal Income tax rate but pays a Capital Gains Tax rate as his only source of income is from his investments and his investment monies have already been taxed by a Federal Income Tax...as he earned it.
Exactly. But don't ruin a good story! lol
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Old 08-26-2012, 09:03 PM   #25
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Old 08-26-2012, 09:04 PM   #26
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According to Bloomberg only about 50% of his income is from investments the rest was from other sources. There are enough loopholes and tricks that he can lower his rate dramatically. He isn't alone. Warren Buffett only paid 11% in 2010.

What I am getting at is that the tax code is so complex and filled with so many holes most people don't end up paying anywhere near the actual supposed tax rate for what they earn.
You are correct as well.

I know some folks like to say: "Oh, in the past the tax rate was much higher!"
But people NEVER actually paid that rate. Anybody with a brain has always had a good accountant and wisely invested their money in such a way as to pay the minimum taxes.

Only a goddamned idiot would actually pay 35% of their money to the federal govt.

NOBODY...and I mean NOBODY does that.

Everyone in the U.S. takes every deduction that they can think of...including all the middle class people.

I definitely believe that a flat tax for everyone of 15% would bring in a lot more income to the govt. (to waste on invading other countries of course...lol).

That way EVERYBODY pays their fair share. Not just the rich people. As it is now...the top 5% pay 53% of ALL the taxes. It's total bullshit. The other 95% should be paying their share too if they are able to work.
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Old 08-26-2012, 09:06 PM   #27
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According to Bloomberg only about 50% of his income is from investments the rest was from other sources. There are enough loopholes and tricks that he can lower his rate dramatically. He isn't alone. Warren Buffett only paid 11% in 2010.

What I am getting at is that the tax code is so complex and filled with so many holes most people don't end up paying anywhere near the actual supposed tax rate for what they earn.
It was/is my understanding that Romney does not have a job and does not own a business and lives entirely off of investments...but I could be wrong. None the less you probably are correct about most people not paying the highest rate.

I sold all of my business enterprises a few years ago and invested the monies and I am currently completely retired. When I was earning monies from business I had various accountants over the years and always told them not to be creative...other than using normal business deductions...as I never minded paying taxes...so I always payed near to or the highest rate of income tax. I now do my own taxes and pay the highest rate for Capital Gains taxes...and do not mind doing so...though I do get irritated over many things the government spends monies on.
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Old 08-26-2012, 09:15 PM   #28
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Democrats...
You're a clown. I've said a bunch of times (including directly to you) that i'm neither dem nor rep. Reading obviously isn't your strong suit.

When I post information, i do my best to make sure it comes from independent sources. As I've said, I just like facts. In that other thread, I posted information from independent sources. You replied with links from the OC Register and the Heritage Foundation, 2 long-time staunchly conservative organizations. I think you have no clue what the terms 'unbiased source' and 'independent source' mean.

Truth be told, when i reply to you, i'm not really replying to you. Your capacity for critical thought is clearly non-existent. I'm just trying to get real information out there. Except this time, clown. I'm replying directly to you.
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Old 08-26-2012, 09:29 PM   #29
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You are correct as well.

I know some folks like to say: "Oh, in the past the tax rate was much higher!"
But people NEVER actually paid that rate. Anybody with a brain has always had a good accountant and wisely invested their money in such a way as to pay the minimum taxes.

Only a goddamned idiot would actually pay 35% of their money to the federal govt.

NOBODY...and I mean NOBODY does that.

Everyone in the U.S. takes every deduction that they can think of...including all the middle class people.

I definitely believe that a flat tax for everyone of 15% would bring in a lot more income to the govt. (to waste on invading other countries of course...lol).

That way EVERYBODY pays their fair share. Not just the rich people. As it is now...the top 5% pay 53% of ALL the taxes. It's total bullshit. The other 95% should be paying their share too if they are able to work.
Yep. My brother is a great example. He is married, has three kids and works in construction. A couple of years ago the company he works for gave him a company truck and they pay for the gas. Up until then he was able to write off the mileage to work since he didn't work in one static location. Between the deductions for his kids, interest on the house and mileage and other things for work he ended up paying hardly any federal taxes. Meanwhile, another friend of mine who makes about half as much as my brother, but is single, rents and has no write-offs actually pays more in taxes than my brother does.

That has changed some in recent years because my brother can no longer write off the mileage, but he is also saving about $500 a month in gas costs so it works out just as well for him.

A flat tax with no loopholes would work better, but as you hinted at, until we stop invading countries and wasting money like drunken Kennedy's at a strip club we will never balance the budget.
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Old 08-26-2012, 09:39 PM   #30
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It was/is my understanding that Romney does not have a job and does not own a business and lives entirely off of investments...but I could be wrong. None the less you probably are correct about most people not paying the highest rate.

I sold all of my business enterprises a few years ago and invested the monies and I am currently completely retired. When I was earning monies from business I had various accountants over the years and always told them not to be creative...other than using normal business deductions...as I never minded paying taxes...so I always payed near to or the highest rate of income tax. I now do my own taxes and pay the highest rate for Capital Gains taxes...and do not mind doing so...though I do get irritated over many things the government spends monies on.
From what I read in 2010 he had $21.7 million in income. Of that $12.6 million was capital gains. The rest is broken up from many different sources including payments from offshore shell companies, interests, dividends and at least $500K from speaking/writing.

I don't blame Mitt for paying as little taxes as possible. If I had that kind of money I would do the same thing. My point in all of this is that when they raise and lower taxes it has a pretty minimal effect on the very rich who have the means and connections to greatly lower their tax bill so they rarely pay anywhere near the top amount.
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Old 08-26-2012, 10:14 PM   #31
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That way EVERYBODY pays their fair share. Not just the rich people. As it is now...the top 5% pay 53% of ALL the taxes. It's total bullshit. The other 95% should be paying their share too if they are able to work.
The top 5% earned over 1/3rd of all income, not just 5% of all income.
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Old 08-26-2012, 11:27 PM   #32
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The top 5% earned over 1/3rd of all income, not just 5% of all income.
That's the point. The top 5% of anything are always the "top".

So they kicked ass and earned 1/3 of all income...yet still pay 53% (over 1/2) of ALL taxes. While 50% of people pay no taxes at all.

Yet...everybody gets the same exact social benefits. No wait...the richer folks do NOT get the same amount of benefits because the benefits and social safety net is by definition NOT intended for them.

And now I hear congress floating the idea of people who are wealthy not getting their social security! Even though social security is supposed to be you getting back your own money.

It has been bankrupted by the feds so badly that now they are going to break the entire "promise" on which Social Security was originally founded.

It's insane.

For instance...my wife's mother was killed when she was only 22 years old. My wife was 2 years old. Her older brother was 4 her younger brother was only a few months old.
Somehow, that meant that she and her brothers received social security checks until they were 18!!!

Her mom had only worked a couple of small jobs and had paid no more than a couple of hundred bucks into the system. But the federal govt. paid her brothers and her $400 each every month for all those years! That's $1,200 a month going to people who never put shit into the system to begin with.

Meanwhile, people work all their lives and now have to worry about getting their money back from social security.

It's all fucked up.
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Old 08-26-2012, 11:31 PM   #33
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That's how insurance works. Some people pay into it all their lives and get a fraction of it back. Others pay much less into it and receive 10x the benefits.
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Old 08-26-2012, 11:46 PM   #34
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Yeah, but I don't think that the govt. forcing you to let them "save" your money for your own retirement and then just keeping YOUR money if you don't get it all back...is the same thing as buying a life or health insurance policy.
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Old 08-26-2012, 11:48 PM   #35
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Dem's have an ace in the hole, they will spring it on him after the RNC.
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Old 08-26-2012, 11:53 PM   #36
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Could be right. Americans as a whole are pretty dumb and many are probably missing the success that was the Bush administration.
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Old 08-26-2012, 11:58 PM   #37
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Old 08-27-2012, 12:24 AM   #38
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Yeah, but I don't think that the govt. forcing you to let them "save" your money for your own retirement and then just keeping YOUR money if you don't get it all back...is the same thing as buying a life or health insurance policy.
Actually you're wrong about that as far as the EU is concerned. Young working people's taxes are being used to support the older generation retired. Too many old people and their taxes never covered them for the life expectancy of today. Which is the same mistake the private sector made with pensions.

Yes private is a good way to go. If you can afford the exorbitant costs of the private sector.

Your debate is flawed with this part. "keeping"

Can you explain how the Government keeps your money please.
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Old 08-27-2012, 12:44 AM   #39
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Bottom line NO ONE knows who is going to win.
THEY win. They always win.
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Old 08-27-2012, 12:44 AM   #40
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Yes private is a good way to go. If you can afford the exorbitant costs of the private sector.

Your debate is flawed with this part. "keeping"

Can you explain how the Government keeps your money please.
As far as social security is concerned there are a few scenarios where it keeps it.

1. You pay into it your whole life then die in your early 60's before you are old enough to draw it. If you aren't married you can't leave it to your kids or someone else. The government keeps it.

2. They are talking about passing a law that means test social security. Basically this means that if have more than whatever their specified amount is in net worth you will not be able to draw it even though you paid into it.
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Old 08-27-2012, 12:53 AM   #41
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It was/is my understanding that Romney does not have a job and does not own a business and lives entirely off of investments...but I could be wrong. None the less you probably are correct about most people not paying the highest rate.

I sold all of my business enterprises a few years ago and invested the monies and I am currently completely retired. When I was earning monies from business I had various accountants over the years and always told them not to be creative...other than using normal business deductions...as I never minded paying taxes...so I always payed near to or the highest rate of income tax. I now do my own taxes and pay the highest rate for Capital Gains taxes...and do not mind doing so...though I do get irritated over many things the government spends monies on.
I'm pretty sure you suffer from Stockholm syndrome.

As long as there are suckers like you who believe in and gladly participate in such a corrupt and dysfunctional system, it will continue. If you had any brains whatsoever, you would try to pay the least amount possible.
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Old 08-27-2012, 01:10 AM   #42
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The Lazy Paralytic

1. When Jesus returned to Capernaum after some days, it was reported that he was at his home. 2. So many gathered around that there was no longer room for them, not even in front of the door; and he was speaking the word to them. 3. Then some people came, bringing to him a paralyzed man, carried by four of them. 4. And when they could not bring him to Jesus because of the crowd, they removed the roof above him; and after having dug through it, they let down the mat on which the paralytic lay. 5. When Jesus saw this he grew angry, ?Why did you wreck my roof? Do you have any idea how much that cost to install? Do you know how many tables and chairs I had to make in my carpentry shop to pay for that roof? The reeds alone cost five talents. I had them carted in from Bethany.? 6. The disciples had never seen Jesus so angry about his possessions. He continued, ?This house is my life. And the roof is the best part.? The disciples fell silent. 7. ?It?s bad enough that you trash my private property, now you want me to heal you?? said Jesus, ?And did you not see the stone walls around this house?? ?Yes,? said the man?s friends. ?Are these not the stone walls common to the towns and villages of Galilee?? 8. ?No,? Jesus answered. ?This is a gated community. How did you get in?? The man?s friends grew silent. 9. Then Jesus turned and said to the paralytic, ?Besides, can?t you take care of your own health problems? I?m sure that your family can care for you, or maybe the synagogue can help out.? 10. ?No, Lord,? answered the man?s friends. ?There is no one. His injuries are too severe. To whom else can we go?? 11. ?Well, not me,? said Jesus. ?What would happen if I provided access to free health care for everyone? That would mean that people would not only get lazy and entitled, but they would take advantage of the system. 12. Besides, look at me: I?m healthy. And you know why? Because I worked hard for my money, and took care of myself.? The paralyzed man then grew sad and he addressed Jesus. ?But I did work, Lord,? said the paralytic. ?Until an accident rendered me paralyzed.? ?Yes,? said the man?s friends. ?He worked very hard.? 13. ?Well,? said Jesus, ?That?s just part of life, isn?t it?? ?Then what am I to do, Lord?? said the paralytic. ?I don?t know. Why don?t you sell your mat?? 14. All in the crowd then grew sad. ?Actually, you know what you can do?? said Jesus. ?You can reimburse me for my roof. Or I?ll sue you.? And all were amazed. 15. ?We have never seen anything like this,? said the crowd.
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Old 08-27-2012, 01:19 AM   #43
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The Lazy Paralytic

1. When Jesus returned to Capernaum after some days, it was reported that he was at his home. 2. So many gathered around that there was no longer room for them, not even in front of the door; and he was speaking the word to them. 3. Then some people came, bringing to him a paralyzed man, carried by four of them. 4. And when they could not bring him to Jesus because of the crowd, they removed the roof above him; and after having dug through it, they let down the mat on which the paralytic lay. 5. When Jesus saw this he grew angry, ?Why did you wreck my roof? Do you have any idea how much that cost to install? Do you know how many tables and chairs I had to make in my carpentry shop to pay for that roof? The reeds alone cost five talents. I had them carted in from Bethany.? 6. The disciples had never seen Jesus so angry about his possessions. He continued, ?This house is my life. And the roof is the best part.? The disciples fell silent. 7. ?It?s bad enough that you trash my private property, now you want me to heal you?? said Jesus, ?And did you not see the stone walls around this house?? ?Yes,? said the man?s friends. ?Are these not the stone walls common to the towns and villages of Galilee?? 8. ?No,? Jesus answered. ?This is a gated community. How did you get in?? The man?s friends grew silent. 9. Then Jesus turned and said to the paralytic, ?Besides, can?t you take care of your own health problems? I?m sure that your family can care for you, or maybe the synagogue can help out.? 10. ?No, Lord,? answered the man?s friends. ?There is no one. His injuries are too severe. To whom else can we go?? 11. ?Well, not me,? said Jesus. ?What would happen if I provided access to free health care for everyone? That would mean that people would not only get lazy and entitled, but they would take advantage of the system. 12. Besides, look at me: I?m healthy. And you know why? Because I worked hard for my money, and took care of myself.? The paralyzed man then grew sad and he addressed Jesus. ?But I did work, Lord,? said the paralytic. ?Until an accident rendered me paralyzed.? ?Yes,? said the man?s friends. ?He worked very hard.? 13. ?Well,? said Jesus, ?That?s just part of life, isn?t it?? ?Then what am I to do, Lord?? said the paralytic. ?I don?t know. Why don?t you sell your mat?? 14. All in the crowd then grew sad. ?Actually, you know what you can do?? said Jesus. ?You can reimburse me for my roof. Or I?ll sue you.? And all were amazed. 15. ?We have never seen anything like this,? said the crowd.
ROTFLMAO
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Old 08-27-2012, 03:02 AM   #44
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As far as social security is concerned there are a few scenarios where it keeps it.

1. You pay into it your whole life then die in your early 60's before you are old enough to draw it. If you aren't married you can't leave it to your kids or someone else. The government keeps it.
That must be one big bank account they have hidden away somewhere.

Quote:
2. They are talking about passing a law that means test social security. Basically this means that if have more than whatever their specified amount is in net worth you will not be able to draw it even though you paid into it.
Which is the "I'm all right Jack so fuck you attitude."

The Government does NOT I will repeat that for those who can't understand it. NOT keep your money. In fact it does the opposite. It borrows vast amounts to keep you in the luxury you're used to.

Yes Politicians usually retire richer than they went into office. But not to the tune of of billions that you're talking about.

Taxes are not covering Americas bills, so they have to borrow more or not pay someone, which means people lose jobs. Here's how it works. The money that goes into the Government trickles down to you. They don't keep it, they spend it, in fact they spend too much.

Now then if you want to stop money going into the Government, tell us who should lose their jobs to pay for your cut in taxes. Or would you prefer your Great Grandchildren to be paying off your debts?

Think your reply through, because it's easy to show the effects of cuts, look around at the world and see.
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Old 08-27-2012, 10:23 AM   #45
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Paul, you're being foolish.

This is NOT Europe. Social Security was NOT designed to be welfare.

But it has become that for sure.

It was passed into law and presented to the American people as the govt. taking your money and giving it back to you in your retirement. Not as the govt. taking your money and paying for old people before you.

That's the foundation of the entire Social Security system. The federal govt. has blown that money on other things of course. And you're right about life expectancy. The age to collect it needs to be raised.

But politicians are too spineless to do it.
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Old 08-27-2012, 10:57 AM   #46
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That must be one big bank account they have hidden away somewhere.



Which is the "I'm all right Jack so fuck you attitude."

The Government does NOT I will repeat that for those who can't understand it. NOT keep your money. In fact it does the opposite. It borrows vast amounts to keep you in the luxury you're used to.

Yes Politicians usually retire richer than they went into office. But not to the tune of of billions that you're talking about.

Taxes are not covering Americas bills, so they have to borrow more or not pay someone, which means people lose jobs. Here's how it works. The money that goes into the Government trickles down to you. They don't keep it, they spend it, in fact they spend too much.

Now then if you want to stop money going into the Government, tell us who should lose their jobs to pay for your cut in taxes. Or would you prefer your Great Grandchildren to be paying off your debts?

Think your reply through, because it's easy to show the effects of cuts, look around at the world and see.
When I said that in some cases they keep your money I did not mean it in a literal sense, but in a figurative sense. I understand that as you pay into Social Security they government is not taking that money and putting it into a special account for you. They are not stuffing it under a mattress or holding on to it for you. They are taking it with the intention of giving it back to you when you are older. If something happens that keeps you from collecting that money then they keep it. By which I mean they don't give it back to you as promised.

If I loan you $1000 and you promise to pay me back $50 per month until it is paid off then you never pay me back you have kept my money. You don't have it stashed somewhere literally hiding it from me, but you have spent it and didn't return it as promised so therefore you have kept it.

Last edited by kane; 08-27-2012 at 11:00 AM..
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Old 08-27-2012, 11:01 AM   #47
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Chuck Woolery sent me a message once during a discrete math course. He said, "You can't outmath god" ...
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Old 08-27-2012, 11:09 AM   #48
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Strange then how it has worked every time! You should only be worried about the death tax anyway...
So then explain how they've worked since 2000 since they've been in place? One slight little detail you seem to not take into account.


It's always the NEXT proposed tax cuts that will, for sure this time, no foolin, honest, make shit taste like candy.
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Old 08-27-2012, 11:16 AM   #49
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Not only does Exxon pay zero in taxes, they receive part of billions in annual government subsidies and as we all know they're among the most profitable companies ever to exist on Earth. (the subsidies have ranged from as little as 10 billion to as much as 52 billion per year)

How much does a gallon of gasoline cost when you figure in lets say 20 billion dollars per year and a consumption of 6.8 billion barrels per year?

Hell, them paying taxes would be like a gnat biting the bottom of an elephants foot anyway.
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Old 08-27-2012, 11:30 AM   #50
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Not only does Exxon pay zero in taxes, they receive part of billions in annual government subsidies and as we all know they're among the most profitable companies ever to exist on Earth. (the subsidies have ranged from as little as 10 billion to as much as 52 billion per year)

How much does a gallon of gasoline cost when you figure in lets say 20 billion dollars per year and a consumption of 6.8 billion barrels per year?

Hell, them paying taxes would be like a gnat biting the bottom of an elephants foot anyway.
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