[The Iceman Cometh]

it could pump in about $72 billion a year toward balancing the budget, according to the Urban-Brookings Tax Policy Center

That $72 billion will be offset by $300 billion in new spending.

[ilgipper]

Good, this is what I want him to do, so the economy dries up further and fiscal conservatism can retake the mantle as the preferred economic system.

At no time in history in any nation has ‘soaking the rich’ helped the economy grow.

[RC2]

Obama will ruin small business in this country. His tax cuts for 95% will result in higher prices for the goods they purchase. This in itself is a tax increase since companies will simply raise their prices to cover the tax increases.

[Las Vegas Ron]

That $72 billion will be offset by $300 billion in new spending

Better make that 800 billion to account for the drop in revenues to the gubmint.

[silverleaf]

Yeah, we can apply that $72 billion a year toward the nearly 2 trillion dollars in debt incurred JUST IN THE LAST 6 MONTHS s-a-r-c

watch Wall Street- they don't listen to powerful oratories given by an emperor who has no clothes

(excusing the next big BOHICA round of welfare checks being printed up in time for a very merry bush-hussein family Christmas)

[TV Dinners]

The real question is who is the Urban-Brookings Tax Policy Center and what makes them the expert...

[Mr Rogers]

The new spending will be offset by taxes on business, which will pass the cost on to consumers, resulting in inflation and higher prices for all the stupid people who voted for freebies for themselves...and me as well.

;>(

But Obama will blame greedy businessmen, and say that he needs to tax them even more since all they do is raise prices and enrich themselves.

I am so NOT looking forward to the next 4-8 years.

[SFConservative]

That $72 billion will be offset by $300 billion in new spending.

And that $72 billion will be offset by $120 billion tax revenue reduction due to reduced growth.