Retrasado said:
ok, let's try looking a few Obama tax stats: From Wikipedia (note that neither figure is actually cited so I don't know for sure if this is accurate or not) Obama has proposed a tax plan which includes an $80 billion tax cut for poor and middle-class families and repeal the tax cuts for the richest one percent of taxpayers. His tax plan calls for billions in breaks by nixing income taxes for the 7 million senior citizens making less than $50,000 a year, establishing a universal credit for the 10 million homeowners who do not itemize their deductions -- most of whom make less than $50,000 annually -- and providing 150 million Americans with tax cuts of up to $1,000. Persons making at least $250,000 or more would pay payroll tax on their entire income, as opposed to the first $102,000[51][52] and would see their capital gains tax increase from 15% to 20-28%. [53] Obama spoke out in June 2006 against making recent, temporary estate tax cuts permanent, calling the cuts a "Paris Hilton" tax break for "billionaire heirs and heiresses."[54] Speaking in November 2006 to members of Wake Up Wal-Mart, a union-backed campaign group, Obama said: "You need to pay your workers enough that they can actually not only shop at Wal-Mart, but ultimately send their kids to college and save for retirement." His tax plan would bring in an additional $700 billion in taxes over the next 10 years. Here's my reasoning: Obama wants to cut taxes by $80 billion dollars per year (at least, I assume "per year" is implied here) and at the same time, he will put $700 billion additional dollars into the coffers over the next ten years. Now, look at it again, he's cutting $80 billion in taxes per year, and only adding $70 billion per year. So, if he's elected, we start with a $10 billion increase in deficit spending. Next, we add in his huge national healthcare overhall, his subsidies for renewable energy, his big increases in NASA's budget, and a few other perks. The question is, where is he going to get the money to pay for all this stuff if he's starts out by increasing the budget deficit by $10 billion per year? Answer: My wallet.
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That bold number says an additional $700 billion compared to what we are currently projected to make, meaning that it has already subtracted the difference of the tax cuts being added and subtracted. Your reasoning is incorrect, but feel free to verify with numbers somewhere else.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
