Posted on 10/19/2008 2:32:37 PM PDT by Safrguns
Here is my prediction... shortly after the election (if Obama wins), the democrats will publish numbers showing a dramatic deficit of projected federal revenues as the result of the current economic crisis. They will declare that Obama's promise to cut taxes for 95% of Americans simply will not be possible because too many tax payers will be reporting losses or significantly reduced income. They will cover for Barry by placing the blame again on Bush's failed policies, and request that the new president submit a revised proposal in light of the new projections of federal revenue.
If you question “The One”, you will be vetted out by the press. Obama silences his opposition through threats and intimidation.
I think you’rr right but I’ll bet they find the shortfall in the military budget.
This country is in deep trouble right now. Anyone expecting a tax cut is a gullible moron. That includes “the poor.” The gubmint has ways of getting your money WITHOUT calling it a tax.
Of course this will happen and his “followers” will go along. He’ll say “I didn’t have the figures until I was sworn in and now I see it’s much worse than I was lead to believe by the Bus administration.”
Well, it worked for Bill Clinton.
Has anyone run the numbers on this???
How big with the shortfall to federal revenue be?
I have no idea, but I get the feeling that completely eliminating the military budget would hardly scratch the surface. Dont forget the number of trillions the market lost this last month, and the added projected interest on the additional debt for the bailouts. Looks like federal bankruptcy to me folks.
Neal Cavuto on Fox Business has pressed several dem shills on his show about this- the last one I saw was Janet Napolitano (what a repulsive woman)
She indicated the democrats will give a rapid $300 BILLION “stimulus” to the “bottom” of the economy, expand food stanmps and unemployment, buld roads and bridges, let people pull money out of their IRA’s, and will swiftly move to pull US troops ot of Iraq...
thus paying for Obama’s trillion dollars in new spending
I have a hard time sleeping knowing people this stupid are ruling anywhere, much less maybe soon over Washinton
Bill Clinton just chose to lie: “I worked as hard as I could but I can’t find a tax cut”, just three weeks after taking office.
Added up on Fox Business last week- NEW spending this year alone- (including Pelosi’s next $300 BILLION stimulus if brer Obama is coronated).....$1.8 TRILLION
yes, bankruptcy
yes democrats will be soaking everyone in every way and yes, it will be Bush’s fault for the next 8 years
It is the plan of the Obaminimites to enslave America again, for payback. This time, it is the hard working citizens of the US that will become serfs.
Well, first off the Bush tax cuts will expire... that won’t be “his fault”. Then, he’ll blame Bush’s 8 failed years for needing even more increases. Simple really.
>>>Bill Clinton just chose to lie: “I worked as hard as I could but I can’t find a tax cut”, just three weeks after taking office.
Bill Clinton was facing an economic situation that is completely opposite to this one. He inherited an economy that was actually growing... not going bankrupt.
He could rely on relatively stable numbers based on past performance.... and yes, lied about his ability to propose tax cuts. Obama knows darn well what we are headed for, and intends to compound it!
An Obama spokesperson, asked about tax increases on everyone if they let the Bush tax cuts expire, indicated that would be part of their plan —— to “ correct the Bush mistakes”
These people are Orwellian
That was already done by Clinton in 92, so it won’t be the first time.
>>>Not a chance. They will try to sell bonds, no one will buy—so they will just print more money and we will get hyperinflation.
And what happens to nations that hyperinflate their currency?
We will all be exchanging Euros before we know it.
Oh... and who benefits the most from inflation???
Those who are deepest in debt.
Who is deepest in debt?
Those who caused the economic crisis in the first place.
Obama’s hidden agenda is already in play, and well past the turning point if he wins.
McCain proposed an across the board spending freeze.
Even that won’t dent the surface if California is any indication of what we are in for.
Riddle me this: what do you call a tax-cut for people who pay no taxes (40% of adults)?
>>>Riddle me this: what do you call a tax-cut for people who pay no taxes (40% of adults)?
An IOU from the government that will never get paid.
He’s appropriated the term ‘tax cut’ to refer to increasing welfare entitlements.
Of course they will blame Bush. If 0bama is elected, it will be a real interesting to see if we will ever see them report his bad approval ratings, because he will be a disaster. Just picture it: The economy is in the tank, another terrorist attack, 2 wars and the MSM’s response “President 0bama is maintaining a 100% approval rating, amazing that through terrible economic conditions since the Carter years and another terrorist attack on our shores, that he is still widely held as popular by everyone. He’s the right man for our time”....Ugh.
I would rather he not cut taxes on anyone than implement his plan. Cutting taxes on most people while raising them on the top 5 percent is pure wealth redistribution. Obama’s telling most Americans they can have both lower taxes and more programs and that the bill will be passed on to other people. At least if he doesn’t lower their taxes they’ll realize bigger government does in fact have a cost.
Tax rates are already set for next year.
Obama cannot affect tax rates until 2010.
My point was not about what he will or wont do to tax rates.
My point was that even at the current tax rates, the federal government is not going to have enough money to run itself.
We are talking about decades of wealth building that will be reported as losses in a single year. Can someone please tell me how Obama plans on handling this one?
What happens to the inner cities and population centers when the welfare payments stop coming?
Riddle me this: what do you call a tax-cut for people who pay no taxes (40% of adults)?
a “stimulus” check?
“Obama knows darn well what we are headed for, and intends to compound it!”
Yes, he does. COmmunists, including those behind him, know very well that hatred can be built during economic turmoil and the results blamed on the “rich”. People only vote for Communism during those times and Communism is what they want. We’ve got the 2nd amendment to counter their threat of Communism.
They can pass retroactive tax increases like they did in 93,which the courts held up as non ex post facto!
BINGO! We have a winner!
JAV.........seems vanities are outnumbering everything else these days...
An entitlement. Welfare.
>>>JAV.........seems vanities are outnumbering everything else these days...
Thats the nice thing about filters... unfortunately some are too lazy to use them.
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