Barack Obama Wants U.S. Economic Failure

canndo

canndo

Well-Known Member
beenthere said:
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.
Click to expand...

Cut defense spending (Romney wants to raise it). The taxes will help but the plan is to get the economy rolling and then reinstate a more complete tax base. It will work if Repubs let it, but they won't.


BTW beenthere, Romney's "plan" winds up cutting amost one half of all government programs - without raising taxes and adding 5 percent to the military - you figure that one will work do you?
 
Krayven Sumhead

Krayven Sumhead

Well-Known Member
Let's tax Mitt's Swiss and off shore accounts.

Betcha that would pay down the debt quite a bit.

Oh, never mind.

I forgot he won't disclose his tax returns.

So much for that idea.
 
canndo

canndo

Well-Known Member
beenthere said:
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.
Click to expand...

It isn't an "obama" thread so much as it is a debt thread Beenthere. Obama has contributed very very little to our current debt and what he has contributed tends to go away as a portion of the debt very quickly. Seems again you are subject to the lies of the right.
 
Mindmelted

Mindmelted

Well-Known Member
canndo said:
It isn't an "obama" thread so much as it is a debt thread Beenthere. Obama has contributed very very little to our current debt and what he has contributed tends to go away as a portion of the debt very quickly. Seems again you are subject to the lies of the right.
Click to expand...


So his obamacare has added nothing to it huh!!!!

Go pound your head into the wall somemore....
 
canndo

canndo

Well-Known Member
Krayven Sumhead said:
Let's tax Mitt's Swiss and off shore accounts.

Betcha that would pay down the debt quite a bit.

Oh, never mind.

I forgot he won't disclose his tax returns.

So much for that idea.
Click to expand...

Folks seem to think that everything Mitt does with regard to taxes is just ok. So what, they say, if Romney only pays 13 percent while the rest of us pay 20 - 30?

They don't seem to realized that we are taking up the slack Romney creates. Furthermore - he claims to contribute so much to charity, but we can be well assured that he deducts his charitable giving - which means that we are paying for that giving.

The essence of this is that the middle class pays for CEOs and president's salaries as well. The middle class is getting sick of this shit.
 
canndo

canndo

Well-Known Member
Mindmelted said:
So his obamacare has added nothing to it huh!!!!

Go pound your head into the wall somemore....
Click to expand...
Where did I say "nothing at all"? Note I said very very little - and that tends to go away.

"obamacare" isn't on the chart yet Mind. Or have we all forgotten that?
 
NLXSK1

NLXSK1

Well-Known Member
Why do we start with the assumption that the taxes that Bush cut somehow belong to the government to begin with?

I call bullshit...
 
Mindmelted

Mindmelted

Well-Known Member
canndo said:
Where did I say "nothing at all"? Note I said very very little - and that tends to go away.

"obamacare" isn't on the chart yet Mind. Or have we all forgotten that?
Click to expand...

Yet!!!

But when it does it is going to be MORE than just a little bit added.....
 
NLXSK1

NLXSK1

Well-Known Member
canndo said:
Folks seem to think that everything Mitt does with regard to taxes is just ok. So what, they say, if Romney only pays 13 percent while the rest of us pay 20 - 30?

They don't seem to realized that we are taking up the slack Romney creates. Furthermore - he claims to contribute so much to charity, but we can be well assured that he deducts his charitable giving - which means that we are paying for that giving.

The essence of this is that the middle class pays for CEOs and president's salaries as well. The middle class is getting sick of this shit.
Click to expand...
Mitt Romney gave the entire inheritance that he got from his father to charity...

Obviously the bastard just did it to evade taxes. He should be in jail... /sarcasm (for the stupid)


Edit: Oh, and he gave up a cushy job as an investment bankster to save the Olympics. Obviously another filthy tax doge as all he cares about is money!! /more sarcasm (for the stupid).
 
canndo

canndo

Well-Known Member
NLXSK1 said:
Why do we start with the assumption that the taxes that Bush cut somehow belong to the government to begin with?

I call bullshit...
Click to expand...

Bwahaha. It's early NL!

Why do you start with the assumption that the nation's debts are not the people's debts? We were on our way to paying down those debts - many of which were, like it or not, legitimate until Bush claimed that the money was "the people's" and should remain the people's, oh never mind this pesky old debt, don't pay it any mind, here is your money back.
 
canndo

canndo

Well-Known Member
NLXSK1 said:
Mitt Romney gave the entire inheritance that he got from his father to charity...

Obviously the bastard just did it to evade taxes. He should be in jail... /sarcasm (for the stupid)


Edit: Oh, and he gave up a cushy job as an investment bankster to save the Olympics. Obviously another filthy tax doge as all he cares about is money!! /more sarcasm (for the stupid).
Click to expand...

Tell me NL, exactly how he "saved the olympics"? Hmmm? please, tell us all how he managed to do this.
 
Antidisestablishmentarian

Antidisestablishmentarian

Well-Known Member
Shouldn't point be that we subsidize all charitable giving? At least when they claim it on their taxes anyway.

If you don't claim your charitable giving, then you should.
 
S

SSHZ

Well-Known Member
beenthere said:
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
Click to expand...


Uncle Buck has had his asshat handed to him so many times.......you would have thought he would have learned to leave the politics forum all together. What I find really funny is when he gets frustrated and loses another argument, he starts calling the poster names and curses at them. LOL
 
UncleBuck

UncleBuck

Well-Known Member
NLXSK1 said:
And you are god damn right it trickles down. It means paychecks for people. It means more jobs, more growth, more prosperity.
Click to expand...
lol.

clearly retarded.

if it trickled down, why have wages remained stagnant for 30+ years despite increased productivity? why did the rich get richer while the middle class and poor stagnated?

empirical evidence disagrees with your uncited assertion. go mow some more lawns.
 
You must log in or register to reply here.
Top