In Georgia, housing woes a long-term drag on economy
As we claw our way out of this recession, it’s easy to forget where it all started: housing. And while other parts of the economy have begun to recover and show signs of health, the housing situation is actually getting worse by some key standards. The Atlanta Federal Reserve has some interesting data and — oh goody! — charts to explain where we are at the moment.
For example, the number of American households who owe more on their mortgage than the house is worth — known as negative equity — continues to grow in many markets, including Georgia. In fact, in the fourth quarter of 2010, Georgia had the sixth highest rate of negative equity in the nation. Three out of 10 Georgia homeowners owed more in loans on their property than their property was worth, which is a remarkable number.
In the metro Atlanta area, the ratio is even higher. More than one out of three homeowners in this market are “underwater” on their mortgage, making them prime candidates for eventual default or foreclosure. Those who do not default will experience long-term “houselock,” meaning they’re stuck in those homes because they’re unable to sell them for enough to pay off the mortgage. Every monthly mortgage payment they make is another payment in a bad investment, but they make them anyway because that investment is also a home.
That is not a problem that is going away soon, with “soon” defined as anytime in the next five or maybe 10 years. It will continue to be a drag on housing prices and on consumer spending. New-home construction — once the driving force in the metro Atlanta economy — will continue to be more of a boutique business than a thriving industry.
That’s what happens when a bubble pops. That’s what happens when the music stops. Sooner or later, things that are too good to be true always stop being true.
– Jay Bookman
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895 comments Add your comment
kayaker 71
March 23rd, 2011
11:38 am
Bosch,
Those that make more end up paying more. The top 1% of wage earners pay 38% of taxes paid, the top 5% pay 58% and the top 10% pay 70%. The bottom 50% pay 2.7%. If we taxed those in the top 1% based on a percentage of their income, the bottom 50% would become the bottom 75%. You are advocating a penalty on those who would excel vs those who would think it wise to be satisfied with the status quo. The top 1% wouldn’t be top 1% for very long. But maybe that’s your point.
WOW
March 23rd, 2011
11:38 am
“Four Words. Inherited Income. Paris Hilton.”
That’s the best ya got? Seriously?
WOW
March 23rd, 2011
11:38 am
“I assume you know how to google?”
When I make claims, I back it up, Mick.
AmVet
March 23rd, 2011
11:38 am
james, you are walking logical fallacy. (Or is it phallusy?)
Thulsa, no sale.
You are under the misunderestimation (Bush speak) that this was just another little market correction.
Your Republican neighbors have gotten decimated.
I’d list tons of facts to show you, but to what end?
getalife
March 23rd, 2011
11:39 am
“Letting go is one of the hardest lessons in life.”
Lets let go of government telling us how to live our life.
Especially, in our bedrooms.
It’s bizarre and pervy.
Bosch
March 23rd, 2011
11:39 am
“Says the guy who thinks poor people pay more taxes than higher bracket income earners.”
No, that would be wrong, you left out a few words in that statement if you want to correctly identify what it is I believe.
Bosch
March 23rd, 2011
11:40 am
“When I make claims, I back it up, Mick.”
No, you don’t. Quit lying.
WOW
March 23rd, 2011
11:40 am
“Your Republican neighbors have gotten decimated.”
Vet, what planet do you live on?
WOW
March 23rd, 2011
11:40 am
“No, you don’t. Quit lying.”
LOL!!!!!!!!!! Hey, it’s Bosch! The guy who claims that poor people pay more income taxes!
getalife
March 23rd, 2011
11:41 am
When I make claims, I back it up, Mick.
You are funny bit ill informed.
You don’t read anything.
WOW
March 23rd, 2011
11:41 am
“you left out a few words in that statement if you want to correctly identify what it is I believe.”
LOL
WOW
March 23rd, 2011
11:41 am
“You are funny bit ill informed.”
Oh no!!!!!! It’s getalife!
“You don’t read anything.”
LOL!!!!!!
getalife
March 23rd, 2011
11:42 am
No lie zone wow.
Stop lying or we will be forced to shoot your down.
Wait, we already are.
WOW
March 23rd, 2011
11:43 am
“No lie zone wow.’
You should leave then.
“Stop lying or we will be forced to shoot your down.”
With what?
“Wait, we already are.”
getalife: the guy who only speaks in contractions.
Mick
March 23rd, 2011
11:43 am
wow
I don’t answer to you and this is not a research blog, if you read the papers, which I do daily, it has been in the news about texas and their debt which rivals california and once again, no unions to blame just republican incompetence…
Kamchak
March 23rd, 2011
11:44 am
Tick…tick…tick….
Bosch
March 23rd, 2011
11:44 am
kayaker,
No, my point is that percentage wise, people who make less pay a bigger percentage of their total income in taxes. If two people go into a grocery store and bought the same amount of groceries, say $200, if the tax rate was 23%, they would pay $46. Percentage wise, of their total income, the guy who made more money per year just paid less in taxes and the guy who makes less percentage wise paid more in taxes and has less to spend in the economy.
And considering that we are a consumer driven economy, that doesn’t work out well in the long run.
Southern Comfort (aka The Man)
March 23rd, 2011
11:45 am
WOW
Yep, the usual GOP tactic…. education cuts. The whole time, they’re selling our future out to China and India, but no conservatives ever find fault with that. Give it about 20 years when we have to start importing doctors, lawyers, engineers, and every other employee that requires advance education. We’re already importing IT workers, so it’s not like it will be something new.
WOW
March 23rd, 2011
11:45 am
“I don’t answer to you ‘
You obviously do if you keep responding.
“if you read the papers, which I do daily’
LOL!!!! You still read those dinosaurs?
“it has been in the news about texas and their debt which rivals california and once again’
Interesting because I haven’t seen one single article about Texas going broke. Not on Drudge, HuffPO, WaPost, etc..
“no unions to blame just republican incompetence…”
LOL!!!!!
Joe the Plumber Too
March 23rd, 2011
11:45 am
It has been real but I must run out and earn my part of the pie today so that I can continue to support illegal criminals and welfare brood mares. Play nice.
getalife
March 23rd, 2011
11:45 am
Have you noticed the so called tea party want the same thing as billionaires.
Talk about fraud.
Who do they think they are kidding?
WOW
March 23rd, 2011
11:46 am
Tock…Tock…Tock….
AmVet
March 23rd, 2011
11:46 am
Brothers Bosch and getalife, after a couple of weeks of this, I am completely convinced that the only way you could possibly understand the endless nonsense coming from the name changer is to be on some heavy narcotics. And cheap beer.
You could show him an apple and he would blurt out, “Orange!”
He fancies himself some sort of interesting agent provocateur though.
Perhaps. But it is of the demented variety. And beyond absurd.
Just more fascinating right-wing spectacle for the rest of us…
getalife
March 23rd, 2011
11:47 am
With what?
Facts.
Joe the Plumber Too
March 23rd, 2011
11:47 am
boschy, read the book, that is what the prebate is for. gotta go.
WOW
March 23rd, 2011
11:47 am
“The whole time, they’re selling our future out to China and India, but no conservatives ever find fault with that. ‘
Since when is Obama a conservative?
“Give it about 20 years when we have to start importing doctors, lawyers, engineers, and every other employee that requires advance education. ”
You can thank lazy teachers/parents for that, SOCO.
@@
March 23rd, 2011
11:48 am
Getalife:
Lets let go of government telling us how to live our life.
Especially, in our bedrooms.
I wouldn’t even wanna guess about what goes on in yours. Stripped from my mind’s eye, it is.
(ISH)
Jefferson
March 23rd, 2011
11:48 am
Its not what you pay in taxes that matters, its what you have left that matters. With some, that is never enough even though its more than most have. Don’t ever confuse income with “work”. Hard work is hard work no matter what income level the job pays. Thats why they call it work.
WOW
March 23rd, 2011
11:48 am
“Have you noticed the so called tea party want the same thing as billionaires.”
Jobs? Yes.
Bosch
March 23rd, 2011
11:48 am
“He fancies himself some sort of interesting agent provocateur though.”
Yes, AmVet, which is why I by and large ignore him except when he blatantly lies about himself — like he backs up his claims.
WOW
March 23rd, 2011
11:48 am
“Especially, in our bedrooms.”
No one on Earth wants to know what getalife does in his bedroom.
WOW
March 23rd, 2011
11:49 am
“Brothers Bosch and getalife, after a couple of weeks of this, I am completely convinced that the only way you could possibly understand the endless nonsense coming from the name changer is to be on some heavy narcotics.”
THAT explains what’s wrong with Vet!!!!!!!
Southern Comfort (aka The Man)
March 23rd, 2011
11:50 am
Obama’s a moderate, not a conservative (although he’s trying to be Bush 2.0 *with enhanced melanin). As far as lazy teachers/parents, they won’t matter by the time you conservatives complete your clusterf*cking of the education system. It’s only a matter of time before we pass the point of no return.
WOW
March 23rd, 2011
11:50 am
“Yes, AmVet, which is why I by and large ignore him except when he blatantly lies about himself”
Says the guy who claims that poor people pay more taxes.
stands for decibels
March 23rd, 2011
11:50 am
no unions to blame just republican incompetence…
It’s not incompetence (and it’s hardly just Republicans), it’s by design. Bleed the commons dry, hand out tax breaks to the best-off, and when you can’t make payroll anymore tell the the vast majority of voters, “sorry, you’re screwed. It’s those damn unions/coloreds/gays…”
(I didn’t believe that, back when Naomi was carrying on about it originally, back in the day, but I really do tend to lean that way now.)
Mick
March 23rd, 2011
11:50 am
wow
It would do you well to read one of those so called “dinosaurs”, then you might have a clue. For about 50 cents or so, it’s one of the best values out there. The AJC is a pretty good read, my local paper the miami herald is also pretty good…
Dave R.
March 23rd, 2011
11:51 am
” If the FairTax exactly equaled embedded taxes, then it could not possibly be revenue-neutral, since embedded taxes do not take into account personal income or estate taxes. The FairTax rate would have to be high enough to replace embedded taxes plus income and estate taxes.”
Debbie, I know that critical thinking skills are in short supply with you, so I’ll keep this simple:
What the alleged “analysis” does NOT take into account is the undegound taxes currently not being collected through purchases illegal aliens make (and they don’t get a pre-bate), nor does it take into account the millions of visitors who will now be contributing to our tax base (and no pre-bate there, either). It also doesn’t take into account the increased employment and purchasing power of employees in new corporate headquarters that will locate here because they won’t have to pay corporate taxes.
WOW
March 23rd, 2011
11:51 am
“Obama’s a moderate”
YOU LIE!!!!!!!!!! – Joe Wilson
“As far as lazy teachers/parents, they won’t matter by the time you conservatives complete your clusterf*cking of the education system.’
Yeah, cause the last 40 years of Democrat controlled schools have really helped.
“It’s only a matter of time before we pass the point of no return.”
If by “point of no return” means ending teachers unions, GREAT!!!!!!!! I’ll also celebrate when the Dept. of Education is abolished.
getalife
March 23rd, 2011
11:52 am
This blog is hilarious.
idaslaptor
March 23rd, 2011
11:52 am
Well, who couldn’t have seen this coming? The developers over-built. Supply without demand is worthless.
Redneck Convert (R--and proud of it)
March 23rd, 2011
11:52 am
Well, it’s too bad Elizabeth Taylor up and died before I got a chance to ask her: all those men, Nicky Hilton, Michael Wilding, Michael Todd, Eddie Fisher, Richard Burton, John Warner, Larry Fortensky, and even the Iran ambassador to the U.S. of A. . . .
Nah, she wouldn’t of told me anyway. Have a good lunch everybody. I guess WOW will keep right on blogging while the rest of us are stuffing our face.
WOW
March 23rd, 2011
11:53 am
“It would do you well to read one of those so called “dinosaurs”, then you might have a clue. ”
LOL!!!! I love it when libs act like little nannies.
“For about 50 cents or so, it’s one of the best values out there.’
OOOOOOOOOOR, I could just read it for free online.
“my local paper the miami herald is also pretty good…’
LOLOLOL!!!!!!!!!!
DebbieDoRight
March 23rd, 2011
11:53 am
getalife: wow, Don’t ever call me out. Google it. You need to read something.
Even if he read it he couldn’t comprehend it. Beyond his capacity…..
WOW: “Google it.’ Nothing came up.
Told ya…..
Wow: FACTCHECKDOTORG!!!!!!!!! LOL!!!!!!! Hey Debbie, you may as well post DAILY KOS!!!!!!
I rest my case….
WOW
March 23rd, 2011
11:53 am
“I guess WOW will keep right on blogging while the rest of us are stuffing our face.’
Love you too, Red.
WOW
March 23rd, 2011
11:54 am
“Even if he read it he couldn’t comprehend it. Beyond his capacity…..”
Says the gal who screamed YO MAMA at another blogger.
“I rest my case….’
Buh bye!
@@
March 23rd, 2011
11:54 am
Kamchak:
Tick…tick…tick….
Do you have Tourettes coupled with a “tick” disorder?
Mick
March 23rd, 2011
11:54 am
wow
Democratically controlled schools? That’s some serious delusion, why is it you never seem to place the responsibility on the student?
larry
March 23rd, 2011
11:55 am
Proving wow wrong is way too easy……………………..
The Texas State Legislature passed and Gov. Rick Perry signed on June 19, 2009 a $182 billion 2-year budget (Sept.1, 2009 to Aug. 31, 2011) with a projected $9 billion Rainy Day Fund. The FY 2010-2011 biennium budget of $182.3 billion spends $1.6 billion less in general revenue than the previous biennium. Comptroller Susan Combs acknowledged that Texas will show a $1.3 billion deficit at the end of the budget year[1], which is up dramatically from the July 2010 estimate of a shortfall of up to $18 billion dollars.[2] Other estimate the shortfall at $28 billion.[3]
Over the next two years, the state faces a budget shortfall of between $15 billion and $27 billion over the next two years, depending on who is doing the calculation.[4]
In per capita spending by state, Texas ranks 50th in the nation, meaning there is likely less fat to trim when making budget cuts in Texas than in other states.[5]
Texas has a total state debt of $81,128,512,515 when calculated by adding the total of outstanding debt, pension and OPEB UAAL’s, unemployment trust funds and the 2010 budget gap as of July 2010.[6]
WOW
March 23rd, 2011
11:55 am
“Do you have Tourettes coupled with a “tick” disorder?”
I always find it interesting when he posts that overused comment.
WOW
March 23rd, 2011
11:56 am
“Democratically controlled schools? That’s some serious delusion, why is it you never seem to place the responsibility on the student?”
LOL
The Leg Lamp™©® is a “major award”…..
March 23rd, 2011
11:56 am
Obama has got to be the biggest novice ever to hold the office of POTUS. Here’s more from Obama’s war – the expensive, illegal, regime changing effort in Libya.
BIDEN FLASHBACK: ‘If he gives authorization to war… without Congressional approval, I will make it my business to impeach him!’
http://www.youtube.com/watch?v=Adpa5kYUhCA
Germans pull forces out of NATO; Libyan coalition falls apart…
Allies in disarray…
French PM: ‘We are not at war’…
Costs, mission unclear…
Camp Lejeune Marines To Libya…
GATES: ‘We haven’t done something like this kind of on-the-fly before’…
getalife
March 23rd, 2011
11:56 am
Debbie,
The case was closed on wow’s intellect with his first post.
WOW
March 23rd, 2011
11:56 am
“Proving wow wrong is way too easy……………………..’
Too bad you didn’t.
WOW
March 23rd, 2011
11:56 am
“The case was closed on wow’s intellect with his first post.”
LOL!!!!!!!
Bosch
March 23rd, 2011
11:57 am
“taxes currently not being collected through purchases illegal aliens make (and they don’t get a pre-bate), nor does it take into account the millions of visitors who will now be contributing to our tax base (and no pre-bate there, either)”
So, Dave, illegal immigrants and visitors don’t pay taxes when they buy something here now?
“It also doesn’t take into account the increased employment and purchasing power of employees in new corporate headquarters that will locate here because they won’t have to pay corporate taxes.”
But that purchasing power is diminished if they are paying more of their income in taxes, it gives them less money to work with and to put in back in the economy.
AmVet
March 23rd, 2011
11:57 am
Bosch, it is a mystery.
We all understand well the anonymous nature of blogging, but to come on a public forum day after day after day just to get laughed at for being such a prevaricating, stunningly uninformed attack poodle, like he does?
Otay.
I’ve got one more doozy up my sleeves for Mr. Wow.
But I’m almost certain he won’t play.
Besides, we’ve all read this book before.
The valorous Wow will soon disappear. At least for awhile. Only to reappear with some other goofy moniker. And then actually try to con himself into believing that nobody will recognize the exact same claptrap. And he will once again swear he’s never been here before.
Good times out on the fringe…
WOW
March 23rd, 2011
11:58 am
The Leg Lamp™©® is a “major award”…..
DUUUUUUUUUUUH!!!! Haven’t you heard? AmVet, getalife, Debbie, SOCO and Mick all said that it’s the “cons” fault.
Southern Comfort (aka The Man)
March 23rd, 2011
11:58 am
WOW
If you’re not paid for how many one-lined posts that you can put up on a blog, you are missing your true calling in life. The speed that you post such inane one-liner comments without actually posting anything of substance is truly blinding. If you were paid by post numbers, hell you could retire after about a week here. I’m pretty sure you don’t even break a sweat doing that either….
Y’all have fun with Speedy Blogzalez. I have much better ways to spend my afternoon….
Later!!
Mick
March 23rd, 2011
11:59 am
wow
**LOL!!!! I love it when libs act like little nannies. **
Or try to give some good advice..
**OOOOOOOOOOR, I could just read it for free online.**
Cheapskate.
**LOLOLOL!!!!!!!!!!**
Cliche
Translaor 2011: I think so highly of myself and have no life so therefore it is my mission of good fun and hilarity to bash liberals – what a master debator I am…go war eagles…yippeeeee
WOW
March 23rd, 2011
12:00 pm
“We all understand well the anonymous nature of blogging, but to come on a public forum day after day after day just to get laughed at for being such a prevaricating, stunningly uninformed attack poodle, like he does?”
LOL!!!!! Vet actually thinks I care that he, on his narcotics, laughs at me!!!!!!
“I’ve got one more doozy up my sleeves for Mr. Wow.”
Oh do tell, Vet!!!!!
“But I’m almost certain he won’t play.”
You’ll never know unless you try!
“he valorous Wow will soon disappear. At least for awhile. Only to reappear with some other goofy moniker. And then actually try to con himself into believing that nobody will recognize the exact same claptrap. And he will once again swear he’s never been here before.”
LOL!!!!!!! Try me, Vet!
What will it be: racist homophobe nazi leg humper?
LAWOW?
CommieWOW?
WOW
March 23rd, 2011
12:01 pm
“If you’re not paid for how many one-lined posts that you can put up on a blog, you are missing your true calling in life. The speed that you post such inane one-liner comments without actually posting anything of substance is truly blinding. If you were paid by post numbers, hell you could retire after about a week here. I’m pretty sure you don’t even break a sweat doing that either….”
LOL
MC
March 23rd, 2011
12:01 pm
Eliminate every tax loophole. Stop subsidizing kids, and marriage with deductions. The list goes on and on. Why should anybody get a break for personal choices like having kids and getting married. Single people have a legitimate gripe. Most of you that get that big fat refund check every year sure enjoy others subsidizing your personal choices. Reducing the deficit would be a piece of cake if there weren’t all this subsidizing and avoidance going on.
WOW
March 23rd, 2011
12:02 pm
“Translaor 2011: I think so highly of myself and have no life so therefore it is my mission of good fun and hilarity to bash liberals – what a master debator I am…go war eagles…yippeeeee”
Mick, no I am actually just having fun calling out libs for their total hypocrisy. Highly of myself? Hmmm, sometimes.
kayaker 71
March 23rd, 2011
12:02 pm
Bosch,
As Joe the Plumber said, that is what the pre-bate is for. It’s chapter 9 in Boortz’s book. And keep in mind that when that single mom spends that $45 on her groceries, she is not paying income tax on her paycheck. Boortz and Linder have said time and again that no one should be taxed on those things necessary to support and sustain the family, like rent, groceries and basic necessities. The average family making less than 33K/yr …. their tax picture would change very little. A lot of the saving would come from corporations not factoring in their tax costs for their products and passing it along to the consumer. Just taxing consumer goods at 23% would produce enough revenue to run this country very nicely if we can keep the Congress from pouring it down some hole in the ground.
Bosch
March 23rd, 2011
12:02 pm
Dave R.,
I’ll check back later for your response — I’ve got to run out for a bit, duty calls. The thing is, on the surface, the Fair Tax sounds reasonable if you just go by the premise that everybody pays the same number, but when you start looking at the details, the “fair” is anything but, and I fear would tank our economy worse than it is. In my humble opinion, it simply takes purchase power OUT of the economy and since that’s basically all we have to go on, then that’s not good.
Okay, gotta run….later gators.
stands for decibels
March 23rd, 2011
12:03 pm
I’ll admit it. For awhile I was hopeful that “WOW” stood for “Works On Wednesdays” and thus our collective scroll wheels would get at least a one-day break per week.
Alas, ‘twas not to be.
Anyway, gotta go produce. Later, all.
Mick
March 23rd, 2011
12:04 pm
kayaker
With that kind of logic, why pay any taxes at all?
WOW
March 23rd, 2011
12:04 pm
“I’ll admit it. For awhile I was hopeful that “WOW” stood for “Works On Wednesdays” and thus our collective scroll wheels would get at least a one-day break per week. ”
What’s really funny about the left is the fact that they all think that I don’t work. What else is funny is the fact that I can multitask.
@@
March 23rd, 2011
12:05 pm
The commander of British aircraft operating over Libya has said that Colonel Muammar Gaddafi’s air force “no longer exists as a fighting force”.
And now things get dicier…unless, of course, Quaddafi’s supporters defect.
Bosch
March 23rd, 2011
12:05 pm
Dang it kayaker! I’ve gotta go, but I want to respond real quick — okay, on what you just wrote, but what about industries that aren’t “necessities” — they have fewer purchasers, and therefore go by the wayside.
DebbieDoRight
March 23rd, 2011
12:06 pm
Brothers Bosch and getalife, after a couple of weeks of this, I am completely convinced that the only way you could possibly understand the endless nonsense coming from the name changer is to be on some heavy narcotics. And cheap beer.
NOW you’ve done it!! I spewed cola all over my monitor!! Too funny!! But oh so dang accurate!!
Wow: Says the gal who screamed YO MAMA at another blogger
Wow, how could i “scream” on a written blog? Or do you mean that metaphorically? (PS: I looked up metaphoric for you, just click on that link. I know, I know, you might accidentally learn something, but hey it’s for a good cause so give it a try o.k.?)
WOW
March 23rd, 2011
12:07 pm
“Wow, how could i “scream” on a written blog?”
ALL CAPS, BABY!!!!!!!
Normal
March 23rd, 2011
12:07 pm
WOW,
Don’t cunfuse “multi-task” with “short circuit”…
WOW
March 23rd, 2011
12:08 pm
“Don’t cunfuse “multi-task” with “short circuit””
The movie?
HDB
March 23rd, 2011
12:08 pm
WOW
March 23rd, 2011
10:43 am
“MLK would be ashamed of the country full of lazy bedwtters America has become. ”
MLK was a registered Republican. CUE: HDB in 3…..2………1
Just remember this: MLK was also TRANSITIONING into the Democratic Party when he was assassinated; he supported more DEMOCRATS than Republicans!! JFK and RFK freed MLK from the Birmingham jail; LBJ signed the Civil Rights Ac; HST desegregated the Armed Forces! MLK also fought for UNIONIZED workers in Memphis when he was assassinated; FDR pushed the Tuskegee Airmen into the forefront…….and the majority of people on welfare are Caucasian….so who’s wetting the bed more???
WOW
March 23rd, 2011
12:09 pm
And right on cue……..HDB!!!!!!!!!!
ConnedConsCon
March 23rd, 2011
12:09 pm
Con Translator 2000: He did not attend an Ivy League school, does not have a degree in anything and pretends to be something he’s not.
Coming from you, WOW, that would be called a pass-thru filter.
WOW
March 23rd, 2011
12:09 pm
“Just remember this: MLK was also TRANSITIONING into the Democratic Party when he was assassinated”
Guess that transitioning didn’t work out so well.
DebbieDoRight
March 23rd, 2011
12:10 pm
Dave R: Debbie, I know that critical thinking skills are in short supply with you, so I’ll keep this simple: What the alleged “analysis” does NOT take into account is the undegound taxes currently not being collected through purchases illegal aliens
DaveR; ok going by that “what if” hypothesis, what if we deport all illegals……..then what?
WOW
March 23rd, 2011
12:10 pm
“Coming from you, WOW, that would be called a pass-thru filter.”
So you admit to not going to an Ivy League school.
Dave R.
March 23rd, 2011
12:10 pm
“So, Dave, illegal immigrants and visitors don’t pay taxes when they buy something here now?”
Only the current STATE sales taxes, but no Federal income taxes, therefore, they’ll now start contributing to our FEDERAL coffers.
“But that purchasing power is diminished if they are paying more of their income in taxes, it gives them less money to work with and to put in back in the economy.”
But they are not. See my earlier reply to you on the pre-bate and new vs. used goods. In the end, it roughly-right evens out the percentages paid today vs. implementation of the Fair Tax.
@@
March 23rd, 2011
12:11 pm
There’s over 80 different ways to spell Quaddafi’s name.
But a few:
# Qaddafi, Muammar
# Al-Gathafi, Muammar
# al-Qadhafi, Muammar
# Al Qathafi, Mu’ammar
# Al Qathafi, Muammar
# El Gaddafi, Moamar
# El Kadhafi, Moammar
# El Kazzafi, Moamer
# El Qathafi, Mu’Ammar
My preferred isn’t on the list.
Dave R.
March 23rd, 2011
12:12 pm
“DaveR; ok going by that “what if” hypothesis, what if we deport all illegals……..then what?”
Once again showing off that lack of critical thinking skills, aren’t we, Debbie?
Some of us prefer to deal in realities and likelihoods, rather than wildly speculative hypotheticals that won’t ever happen.
WOW
March 23rd, 2011
12:13 pm
“I’ve got one more doozy up my sleeves for Mr. Wow.’
Still waiting on that “doozy” Vet.
ConnedConsCon
March 23rd, 2011
12:15 pm
What else is funny is the fact that I can multitask.
What’s that, up in the sky. It’s a… WOW. He’s able to post small talk on multiple blogs at the same time. Oooh! He’s such a multi-tasker!
DebbieDoRight
March 23rd, 2011
12:16 pm
Translaor 2011: I think so highly of myself and have no life so therefore it is my mission of good fun and hilarity to bash liberals – what a master debator I am…
Oh o.k…………you said……master debator….ohhhh…….although the other one would’ve been correct too.
Dave R.
March 23rd, 2011
12:16 pm
And btw, Debbie, I noticed you didn’t actually attempt to refute my analysis of the things that were missing from the “factcheck” alleged analysis, yet you DID take time to create a wild hypothetical.
WOW
March 23rd, 2011
12:16 pm
ConnedConsCon
What profound intellectual verbiage you use.
Dave R.
March 23rd, 2011
12:17 pm
Off to lunch and then some real work.
DebbieDoRight
March 23rd, 2011
12:18 pm
Some of us prefer to deal in realities and likelihoods, rather than wildly speculative hypotheticals that won’t ever happen.
Yeah, like the “Fair Tax” initiative getting passed.
Mark T
March 23rd, 2011
12:18 pm
Still dont wanna write about Obama by-passing Congress and the US Constitution to go to war with Libya
RB from Gwinnett
March 23rd, 2011
12:18 pm
No other tax system will ever be allowed in this country because it takes one of the libs 2 weapons out of their campaign promise bag of tricks. Without class warfare, they’re left with nothing but racism to hang their hats on.
I just wish one of them could tell me how it makes sense for 47% of the people to vote in whatever freebies they want when they have no skin in the game. How many of you think it’s a good idea for your neighbor to go shopping with your credit card? That exactly what is going on in this country right now. The pathetic, lazy, didn’t take advantage of the free education provided to them and won’t do the jobs millions of illegals are here doing class is demanding their free ride at the polls. If you can’t see something seriously wrong with that, you’re probably one of them.
ConnedConsCon
March 23rd, 2011
12:18 pm
So you admit to not going to an Ivy League school
I do not believe that I have initiated comments regarding any school, ivy covered or not. Why would I wish to admit attending one anyway. Would you feel more inclined to wash my feet if I had.
ConnedConsCon
March 23rd, 2011
12:20 pm
What profound intellectual verbiage you use.
Conned Cons Con.
DebbieDoRight
March 23rd, 2011
12:20 pm
DaveR: And btw, Debbie, I noticed you didn’t actually attempt to refute my analysis of the things that were missing from the “factcheck” alleged analysis, yet you DID take time to create a wild hypothetical
Dude I provided the link — all you had to do was point, click and READ. What else did you want me to do? Read it to you too?
WOW
March 23rd, 2011
12:20 pm
“I do not believe that I have initiated comments regarding any school, ivy covered or not.
You claimed to be an intellectual. Most intellectuals go to Ivy League schools.
“Why would I wish to admit attending one anyway.”
Same reason you claimed to be an intellectual.
“Would you feel more inclined to wash my feet if I had.’
Oh, you don’t want to know what I’d use to wash your feet with.
WOW
March 23rd, 2011
12:23 pm
“I’ve got one more doozy up my sleeves for Mr. Wow.’
Vet? HEELLLLLOOOOOOOOO?????? Where’s the doozy, Vet?
Mick
March 23rd, 2011
12:24 pm
**If you can’t see something seriously wrong with that, you’re probably one of them.**
No, but I do hear you and agree. There needs to be tough oversight and have all welfare recipients be required to put in an 8 hour day picking up trash or performing some other civic duty – no show, no money…
DebbieDoRight
March 23rd, 2011
12:25 pm
Guess that transitioning didn’t work out so well.
That was classless — even from you.
PS: Don’t forget to refute my statement by typing your very eloquent LOL and adding lots of !!!!!!! Just reminding……..
WOW
March 23rd, 2011
12:26 pm
“That was classless — even from you.”
Debbie, you take this blog waaaaaaaaaaaaay too seriously. Come on now, it’s all good!