80 % want tax increase

Well it was government interference that got us into this crisis....so some think more interference will get us out I guess.

The famous leftist Democrat's "fair share." What exactly is the "fair share"?

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Typical.

How much ya got?

Rasmussen's latest poll shows how bogus the 80% number is.

"Just 34% think a tax hike should be included in any legislation to raise the debt ceiling. A new Rasmussen Reports national telephone survey finds that 55% disagree and say it should not. (To see survey question wording, click here.)

There is a huge partisan divide on the question. Fifty-eight percent (58%) of Democrats want a tax hike in the deal while 82% of Republicans do not. Among those not affiliated with either major political party, 35% favor a tax hike and 51% are opposed.

Americans who earn more than $75,000 a year are evenly divided as to whether a tax hike should be included in the debt ceiling deal. Those who earn less are opposed to including tax hikes.

Voters remain very concerned about the debt ceiling issue. Sixty-nine percent (69%) believe that it would be bad for the economy if a failure to raise the debt ceiling led to government defaults. Only 6% believe it would be good for the economy. Fourteen percent (14%) believe it would have no impact and 11% are not sure. These figures are little changed from a few weeks ago.

At the same time, however, 52% believe it would beeven more dangerous to raise the debt ceiling without making significant cuts in government spending. Thirty-seven percent (37%) take the opposite view and believe a government default would be more dangerous.

The national telephone survey of 1,000 Likely Voters was conducted on July 12-13, 2011 by Rasmussen Reports. The margin of sampling error is +/- 3 percentage points witha 95% level of confidence. Field work for all Rasmussen Reports surveys is conducted by Pulse Opinion Research, LLC.See methodology.

Eighty-five percent (85%) of voters are following the debt ceiling story at least Somewhat Closely. That figure includes 48% who are following it Very Closely. Older voters are following the story more closely than younger voters.

Thirty-eightpercent (38%) believe the president has done a good or an excellent job handling the debt ceiling debate while 41% say he has done a poor job. Predictably, 74% of Democrats give him good or excellent marks while 71% of Republicans say he’s doing a poor job. Among those not affiliated with either major party, 31% give the president good or excellent marks on this topic while 42% say he’s doing a poor job.

Overall, the president’s Job Approval ratings have been remarkably stable for the past year-and-a-half. With only modest exceptions, his totalapproval numbers have stayed in the mid-to-high 40s since the end of 2009.

By a 59% to19% margin, Political Class voters favor a tax hike in the debt ceiling deal. By a 68% to 22% margin, Mainstream voters take the opposite view (for more on the Political Class-Mainstream classification, click here.

Data released earlier shows that most Americans believe tax hikes are bad for the economy and spending cuts are good."

Exactly. They will never define "fair share" because there is no limit to the amount of money they will extort from the tax payer if they get the chance.

We tried cutting taxes and deregulating during the Bush administration, but you see where that got us.

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Nonsense. I don't believe that the real estate bubble would have existed if derivative securities had been properly regulated.

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You're putting the cart before the horse. The real estate bubble was caused by artificially low interest rates, government interference by FM/FM and the 'community reinvestment act'.

The community reinvestment act dates back to the Carter administration, perhaps 35 years. That wasn't the problem. You watch too much Fox News.

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I never watch fox news, I don't even own a TV!

All it did was give us nearly eight straight years of unprecedented growth, low unemployment and prosperity.

It would not have been a bubble at all if it weren't for gov't regulation requiring banks to make bad loans to bad borrowers.

The community reinvestment act problems date back to the Clinton era requirements that banks provide loans to unqualified borrowers. You don't pay attention to the facts.

How can you be a sheep if you don't have a pasture?

I'm more of a chicken-man, anyway.

Can't be a proper fowl without pecking the Kool-Korn meal.

Yup...looks like I'm free ranging.

That wasn't growth, that was a dangerous bubble.

This is precisely why republicans can't be trusted with the economy. They either don't understand or they don't care. Either way they are perfectly willing to trash the entire economy for personal gain. If you can't tell a bubble from genuine growth after the bubble has burst, I don't see a lot of hope for you to understand economic dynamics.

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Ahhhhhh.
The Glass-Steagall act, instituted after the last great depression.
Wonder why they did that? Wonder when and who repealed it?
Never mind, that history stuff just gets in the way of facts, lol.



And of course most of the believers in the low-income housing and unqualified buyers that were the cause of the whole housing bubble never do get around to the math lesson either.

I don't suppose that taking the entire amount lost on Wall Street from the housing bubble bust (which was in the trillions, 3+, I think) and getting the number of houses and the average price, sitting down and figuring out if that statement could really be true or not.
(I did it already - not even close, even if you figured 100% of all homes in the U.S. went under)

No use trying to explain the math of derivatives when simple multiplication and division is beyond comprehension, most of the Wall Street guys didn't understand it either.
For those of you who know gambling and bookies, it was Wall Street making a bet on the losing side (mortgages going under) with insurance companies, so they couldn't lose, no matter what.
That's how the figure of losses came out larger than the total value of all the homes combined.
Guess what?It worked perfectly.

Well, why bother with the facts when you can keep repeating a lie often enough that it will be accepted without question?

Carry on Orwellians.............

Yep. The United States. A two hundred-plus year bubble.