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Frankie B

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Have you ever known someone who was so selfish that while they might have a higher income than all their friends, they freeload off of them?  I was really angry when I found out that a so-called friend who had been freeloading off of me, actually was making more money than me.  He ate my food, slept in my spare room and paid none of the cost.  This all seemed fair to him and he actually got angry when I told him that he was going to have to pay his part.  Most people wouldn't put up with someone like that and if forced to, would be quite angry.

As a Nation we have a lot of freeloaders, freeloaders who are billionaires who live off the middle class.  Record surpluses have been turned into record debt, A thriving middle class has been brought to the verge of another Great Depression.  Those of us who still have jobs have taken deep cuts in our income while CEOs gave themselves big bonuses.  Some of the biggest villains are found in the oil companies.  While 90% of Americans believe that Wall Street speculators deserve the blame for rocketing gas prices, the oil companies are resistant to any attempts to regulate and are outraged at the thought of ending their government subsidies.  Those subsidies would amount to less than 1% of their profits, but they are unwilling to sacrifice even that.

With budget short falls, it seems only reasonable that these extremely wealthy oil companies should do their part, but they would rather see Head-Start cut or ended, aid to students be curtailed, ending hope for those young people.  They are the true Welfare Kings brimming with selfishness.

 Ron Wyden and Michael Greenberger react to the testimonies on Capitol Hill by the big oil companies defending their $4 billion tax break request. http://www.msnbc.msn.com/id/21134540/vp/43016799#43016799

Visit msnbc.com for breaking news, world news, and news about the economy

The_Right_Stuff

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I'm all for ending subsidies, but I don't think that raising taxes on oil companies is the answer. All they will do is pass on the cost at the pumps. If we take away their income they will cut back on exploration and lay off their employees. This all has the making of a disaster. This is a typical liberal screw up and with Obama in we're only going to get more of it. What will it take for liberal to learn, another Great Depression?
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Johny

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Quote:
Originally Posted by The_Right_Stuff
I'm all for ending subsidies, but I don't think that raising taxes on oil companies is the answer. All they will do is pass on the cost at the pumps. If we take away their income they will cut back on exploration and lay off their employees. This all has the making of a disaster. This is a typical liberal screw up and with Obama in we're only going to get more of it. What will it take for liberal to learn, another Great Depression?

Hi Stuff, I see that you like the GOP/oil companies talking points, but they are wrong!  We were on the way to another Great Depression before the election of Barack Obama.  Because of President Obama and the Democrats stopped that slide and put us on the road to recovery.

You repeated the line that if we cut the subsidies and raise the taxes on oil companies that they will just pass it on at the pumps.  That can be stopped by new laws, but even if they do, we can choose to drive less, drive more gas efficient cars or buy our gas at the cheapest stations.  Hey, we could even break up the oil monopolies which would force competition and bring down cost even more. 

So, when we're talking about making cuts in the budget, it only makes sense to start at the top.

Big Shot

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Quote:
Originally Posted by Johny
Quote:
Originally Posted by The_Right_Stuff
I'm all for ending subsidies, but I don't think that raising taxes on oil companies is the answer. All they will do is pass on the cost at the pumps. If we take away their income they will cut back on exploration and lay off their employees. This all has the making of a disaster. This is a typical liberal screw up and with Obama in we're only going to get more of it. What will it take for liberal to learn, another Great Depression?

Hi Stuff, I see that you like the GOP/oil companies talking points, but they are wrong!  We were on the way to another Great Depression before the election of Barack Obama.  Because of President Obama and the Democrats stopped that slide and put us on the road to recovery.

You repeated the line that if we cut the subsidies and raise the taxes on oil companies that they will just pass it on at the pumps.  That can be stopped by new laws, but even if they do, we can choose to drive less, drive more gas efficient cars or buy our gas at the cheapest stations.  Hey, we could even break up the oil monopolies which would force competition and bring down cost even more. 

So, when we're talking about making cuts in the budget, it only makes sense to start at the top.


What makes you think that they won't pass on the cost?  It happens every where else when the tax in raised the prices up, so why not gas or oil?

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