Skip to comments.Obama Proposes $367 BILLION in Tax Hikes
Posted on 02/14/2011 1:49:58 AM PST by Lancey Howard
According to this earlier thread which featured a Yahoo news report about the new White House budget proposal:
The White House intends to get two-thirds of the $1.1 trillion in savings from spending cuts and one-third from tax revenues, including by closing several tax loopholes, according to sources familiar with the budget.
Let's do the arithmetic, shall we?
$1,100,000,000,000 x .333 = $367,000,000,000
That's right - - Ubama is proposing $367 billion in tax hikes. That's $367 billion that disappears from private hands and ends up swirling down the government toilet. Yeah, that should help the economy.
I posted this vanity linking to the other thread because I think this thread's headline is the one that needs to be bumped and seen by as many people as possible.
$367 billion in tax hikes - - that's some serious business.
>> I think this thread’s headline is the one that needs to be bumped
Good thing Barry doesn't have Rubber Stamp Pelosi as Speaker of the House of Representatives anymore - since that is where this kind of nightmare would have to originate.
We'll have to see what he does with that legislative pen of his....
‘Nobody spends somebody else’s money as carefully as he spends his own.’
We have to get the Fed to print up a fresh batch of Obamabucks..
. . .
Oh, please do. Combined with Obama’s energy and regulatory policies, food prices aren’t inflating nearly fast enough.
Say, I wonder what we’re paying for a pound of his wagyu beef now days.
This would be the libmedia headline if it were a GOP prez.
What is the right level of revenue generation? Typically most take it as 18.5% of GDP. That works out to $2.6T. What is your number?
I’ve already seen $5 for a loaf of artisan bakery bread. Can $5 gas be far behind?
Government is already too big, too oppressive, and taking too many of our freedoms and liberties. (even one is too many)
You haven't shown you can manage the money you get - quite the opposite in fact.
We need the money ourselves to dig this Country out of the recession you big-spending government ******** put it in.
So in short hussein obama, ****-off!
Fortunately these items are no longer included in government inflation rates like the used to be in the bad old days.
Well done and what exactly are those “loopholes”? For that matter what are the so called cuts?
Pray for Americans
Or, "Republicans' Draconian Cuts To Hit Women and Minorities Hardest"
"When the parasites outnumber the hosts, it's all over." - Dear old Dad
The "right level" is the minimum level necessary for the government to accomplish its Constitutionally permitted activities. I would bet the "right number" is closer to 5%.
That’s a good one and just as effective!
Glad you posted this..when will we stop him & the bums in Congress ?? Cut up the credit cards..
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