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He established the practice, most business use debt as a means to recoup larger profit, debt is usually used to increase profits at a later time. It is an investment model that can work, if it is done responsibly. But increasing debt by 4 or five times the established rate is not sensible, it is wreck-less
The collectivist must always create straw men arguments in order to re-frame the argument. For the collectivist, individualism becomes translated into "everyman for himself" in order to create an appearance of chaos and anarchy. It is nothing more than sophistry.
The rule of law demands that we "a jury of his peers" view government as suspect and the defendant as innocence until the state can prove otherwise. This is the actual system in place for anyone with the wherewithal to use the system in that fashion.
The rule of law is no longer followed.
It is your disingenuous affectation at helplessness typing as if you were shrugging your shoulders sadly to declare: "The rule of law is no longer followed", that contributes to this lawlessness. You certainly have the right to express your opinion, but trample upon the rights of some of the better informed members in this site and you will fast discover how much the rule of law is followed and how that will translate into dire consequences for you.
Originally posted by jacklondonmiller
Originally posted by beezzer
Originally posted by jacklondonmiller
They should pay more and entitlements should be reformed.
And there you have it!
Could have come straight from the Obama administration. The wealthy need to pay their "fair share". And 71% isn't fair enough yet.
I much prefer Balance and Obama seems to get it, while you repeat ideas that
have been failing for 30 years.edit on 21-2-2012 by jacklondonmiller because: (no reason given)
Originally posted by Jean Paul Zodeaux
reply to post by jacklondonmiller
Your point of an insane debt culture in Washington D.C. begins with Regan ignores several points in order to make a point that is a mistake of fact. Washington D.C.'s insane debt culture actually began shortly after the creation of the "income tax", a fact you are willfully ignoring because you do not want to make it appear as if income taxes had anything to do with this ridiculous debt culture, but regardless of how you would like it to appear, it appears as if the insane debt culture began with the passing of the "income tax" in 1913.
You insist on ignoring facts and demand that everyone agree to your delusions. Ronald Regan did not make Congress reduce taxes. It matters not how zealous of an advocacy he gave to the strategy, in the end it was Congress and Congress alone who hold that authority and are the only ones that can change the tax structure.
Whatever you think you saw, you did not see a President legislate an act to reduce taxes.
That is for certain.
I am quoting this because of its complete gibberish. "Recoup" by definition means to regain something that was lost and has no direct correlation to "larger profit". Regan did not establish the practice of incurring debt to expand business in the expectation of higher profits. That model was older than Regan then and even older now.
By delineating the national debt absurdity as being drawn when Regan presided as President is to argue that the exponential growth that preceded the Regan era was acceptable. I would suggest that the passage of the "income tax" was more than enough money to pay off the national debt back in 1913 and the revenue raised was enough to do it. Instead, year after year after year, the national debt increased. All of which seems to be perfectly fine with you until Regan was elected and then suddenly this exponential growth had gone to far and began with Regan!
Garbage in garbage out.
This right here. I'm surprised a moderator of this site would be fooled by the very people ATS conspires about.
Originally posted by MightyQuincunx
Sourced from the IRS??? Now that's reputable ::laughs:: I just found out that the government has never lied to us about anything. Source: The Easter Bunny & The Tooth Fairyedit on 21-2-2012 by MightyQuincunx because: I needed to add one more reputable source.