Barack Obama Wants U.S. Economic Failure

[beenthere]

I can honestly say that Barack Obama has no intention of paying down our debt, in fact, with his policies, it is an impossibility.

The U.S. national debt as of today is near $16trillion or $16,000billion. We bring in a total of $2,372billion in annual tax revenue, we spend a total of $3,585billion every year, that leaves us over $1,200billion in debt each year.

President Obama wants to raise the marginal income tax rates on everyone making over $200,000 per year, he says he wants to go back to the Clinton era.

But by the highest estimates, this tax hike would amount to only $80-$100billion in annual tax revenue, my question is, where is the rest of the money coming from?

If we are spending ourselves in debt by the tune of $1,200 billion each year, and raising taxes will only bring in $80-100billion, what is his plan? We all know he does not want to balance the budget and will continue to spend, so is Obama wanting the economy to fail?

I look forward to the Obama supporters, (the ones with brains) to explain this to me, maybe I'm not seeing something.

 

[lifegoesonbrah]

its magic don't worry about it. With Paul Ryan we will have a balanced budget by 2042!!!!! Romney/Ryan 30 more years!!!!

 

[beenthere]

its magic don't worry about it. With Paul Ryan we will have a balanced budget by 2042!!!!! Romney/Ryan 30 more years!!!!

I kind of figured someone would venture off topic and bring Romney into an Obama thread, but I didn't think it would be you.

 

[lifegoesonbrah]

I kind of figured someone would venture off topic and bring Romney into an Obama thread, but I didn't think it would be you.

I'm sorry I disappointed you, I bring the parties together.

 

[lifegoesonbrah]

I can honestly say that Barack Obama has no intention of paying down our debt, in fact, with his policies, it is an impossibility.

The U.S. national debt as of today is near $16trillion or $16,000billion. We bring in a total of $2,372billion in annual tax revenue, we spend a total of $3,585billion every year, that leaves us over $1,200billion in debt each year.

President Obama wants to raise the marginal income tax rates on everyone making over $200,000 per year, he says he wants to go back to the Clinton era.

But by the highest estimates, this tax hike would amount to only $80-$100billion in annual tax revenue, my question is, where is the rest of the money coming from?

If we are spending ourselves in debt by the tune of $1,200 billion each year, and raising taxes will only bring in $80-100billion, what is his plan? We all know he does not want to balance the budget and will continue to spend, so is Obama wanting the economy to fail?

I look forward to the Obama supporters, (the ones with brains) to explain this to me, maybe I'm not seeing something.

You are right though, you have a good specific question and I shouldn't bring attention away from that.

 

[beenthere]

I'm sorry I disappointed you, I bring the parties together.

The intent of my op was not a pro Romney thread, I really believe Barack Obama wants downsize the US.

 

[BA142]

No other president has done anything to help either.....there are things our gov just wont cut regardless of who is in office.

 

[beenthere]

View attachment 2313100


No other president has done anything to help either.....there are things our gov just wont cut regardless of who is in office.

With the exception of the republican congress and Bill Clinton, I agree with you.

I will vote for any president, republican or democrat that will sign a balanced budget amendment.

 

[bedspirit]

Sounds like you're arguing to raise taxes more.

 

[beenthere]

Sounds like you're arguing to raise taxes more.

Nope, I'm arguing to balance the budget and lower taxes on businesses and investments!

 

[UncleBuck]

Nope, I'm arguing to balance the budget and lower taxes on businesses and investments!

you're arguing to balance the budget with magical trickle down fairy dust.

a balanced budget amendment would be disastrous in times of recession or war, you're a dumbass.

add some nitrogen.

 

[londonfog]

Someone please tell me why I should vote for Romney without using the word Obama...In other words what will Romney do that will be so great for this country.

 

[UncleBuck]

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looks like things start leveling off under the economic policies of the guy who endorses obama.

$100 billion a year is a trillion after 10 years. that's not change.

i mean, hacks like herr beennowhere argue for defunding NPR because it will help the budget (NPR does not receive any direct federal funding ), but then they scoff at $100 billion a year.

too funny, if it weren;t such a sad statement about hacks like herr beennowhere.

 

[beenthere]

you're arguing to balance the budget with magical trickle down fairy dust.

a balanced budget amendment would be disastrous in times of recession or war, you're a dumbass.

add some nitrogen.

Someone please tell me why I should vote for Romney without using the word Obama...In other words what will Romney do that will be so great for this country.

I take it that means neither of you have the moxie or the insight to tackle the op! LOL

 

[UncleBuck]

I take it that means neither of you have the moxie or the insight to tackle the op! LOL

$100 billion a year will help. getting back to full employment will help. cutting military spending will help. taxing capital gains like regular income will help.

what won't help is to punish the middle class and working poor, who did not cause the recession, by giving them an effective tax increase via massive spending cuts and increased fees and tariffs (as your savior romney wants to do). what won't help is to reduce revenues by doubling down on that failed economic theory called trickle down (as your savior romney wants to do).

aggregate demand is 2/3 of the economy. if you put an extra burden on the already strapped middle class, watch the economy tank.

 

[Canna Sylvan]

Someone please tell me why I should vote for Romney without using the word Obama...In other words what will Romney do that will be so great for this country.

Magical underwear. I could use some.

 

[Red1966]

I can honestly say that Barack Obama has no intention of paying down our debt, in fact, with his policies, it is an impossibility. The U.S. national debt as of today is near $16trillion or $16,000billion. We bring in a total of $2,372billion in annual tax revenue, we spend a total of $3,585billion every year, that leaves us over $1,200billion in debt each year. President Obama wants to raise the marginal income tax rates on everyone making over $200,000 per year, he says he wants to go back to the Clinton era. But by the highest estimates, this tax hike would amount to only $80-$100billion in annual tax revenue, my question is, where is the rest of the money coming from? If we are spending ourselves in debt by the tune of $1,200 billion each year, and raising taxes will only bring in $80-100billion, what is his plan? We all know he does not want to balance the budget and will continue to spend, so is Obama wanting the economy to fail? I look forward to the Obama supporters, (the ones with brains) to explain this to me, maybe I'm not seeing something.

Sorry to disappoint you, but Obama supporters don't have brains, just emotions.

 

[UncleBuck]

Sorry to disappoint you, but Obama supporters don't have brains, just emotions.

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[beenthere]

a balanced budget amendment would be disastrous in times of recession or war, you're a dumbass.

looks like things start leveling off under the economic policies of the guy who endorses obama.

$100 billion a year is a trillion after 10 years. that's not change.

i mean, hacks like herr beennowhere argue for defunding NPR because it will help the budget (NPR does not receive any direct federal funding ), but then they scoff at $100 billion a year.

too funny, if it weren;t such a sad statement about hacks like herr beennowhere.

OK, after ten years, $100billion will add up to $1trillion, but only a moron would forget the fact we are spending over $1,200billion a year and after ten years that figure will be $12,000billion!

And you call me a dumbass, you better let your boyfriend take care of your finances. LOL

 

[UncleBuck]

OK, after ten years, $100billion will add up to $1trillion, but only a moron would forget the fact we are spending over $1,200billion a year and after ten years that figure will be $12,000billion!

And you call me a dumbass, you better let your boyfriend take care of your finances. LOL

you're assuming the same annual deficit. that deficit will decrease as we return to normal employment, health care costs decrease, etc.

more revenue increases in other area will help as well.

i can't help that you are a retard and set up an impossible loaded question and then marvel at your ability to set up an impossible loaded question.