Any comments about Mr Madoff?

[tw]

Originally Posted by classicman

Cite please.

Citations were already provided. Posting repeatedly without any citations is classicman's mythical 15% number. A number that has zero basis in economic reality and only means an increasing national debt. That 15% is promoted by those who are so dumb as to want even more tax cuts ... as if we have not done enough damage to the economy.

We still have many extremist lies to pay for: ie "Mission Accomplished". A $1trillion bill that will do to the American economy what Nixon did to the 1975/1979 economy. No money game - ie 15% flat tax - will cure a problem created by economic perverts who thought tax cuts are good.

Buffet was blunt about such stupid people. “The only tax cut is one that cuts spending.”

We cannot cut spending. Cheney created massive deficits while bragging, "Reagan proved that deficits don't matter." We will be paying for fiscal mismanagement for the next ten years. And now some want to make it worse with a 15% flat tax? How much longer do we have to listen to extremists propaganda?

Tax cuts, in the long term, create a worse economy. 15% flat tax is nothing more than another tax cut. We are now seeing the 'wealth' created by wacko extremist tax cuts and other economic incentives. The only solution to long term wealth includes a balanced budget. Something we almost had - and then wackos started inventing money games to *stimulate* the economy.

A balanced budget means the world does not get rich funding American deficits. To fix a mess created by George Jr and his Project for a New American Century administration will probably take the next ten years. And still fools are promoting another destruction of America - a 15% flat tax.

Maybe it might be possible. But first we must to pay for the George Jr disasters starting with the most obvious of lies including "Mission Accomplished" and a zero effort to get bin Laden.

Citation for that 15% tax cut: endorsed by extremists. And still some don't acknowledge that is a source of economic perversion.

Another bill created by George Jr economic stimulus - Madoff. He could not have done it without government cooperation - such as ignoring a long list of whistleblowers.

[classicman]

Originally Posted by tw

Citations were already provided.

WHERE? If true, then post a link to them.

Originally Posted by tw

Posting repeatedly without any citations is classicman's mythical 15% number.

I post cites with virtually EVERY POST. If I am posting my opinion it is clearly apparent that it is my opinion and obviously no cite is needed. tw however has been posting his opinions as facts for years. Since getting called on it, tw has been unsuccessfully trying to use this as a diversionary tactic with other posters. Take a look at your last 50 posts, tw and post how many of them had cites to back up your "facts" - read opinions. I already know the answer.

Now back to the topic at hand...
The 15% was an arbitrary, hypothetical figure mentioned for discussion - a starting point, nothing more. That figure was chosen as it has been discussed in the past. Nothing was etched in stone as tw would have some believe. Perhaps the number is 10%, 17% or even 25% - That is not the point. The point being discussed when that was brought up which was as usual, missed by tw, is
the concept of a flat tax versus the current structure.

Originally Posted by tw

15% flat tax - will cure a problem created by economic perverts who thought tax cuts are good.
Buffet was blunt about such stupid people. “The only tax cut is one that cuts spending.”

Thats not at all what Mr. Buffet said this morning on CNBC. In fact, he thinks we need to do both. He repeatedly stated that doing exclusively one or the other is foolish. He continued that using both means is not only necessary, but the most prudent. Guess that bluntly makes tw stupid.

Originally Posted by tw

A 15% flat tax is nothing more than another tax cut.

As previously stated - this is off topic, but if that is true, then why are the rich so adverse to it? Because it removes all their deductions? Because, in fact, it really wouldn't be a tax cut if done properly, for example the right percentage?

Originally Posted by tw

The only solution to long term wealth includes a balanced budget.

With this, I agree 100%