Posted on 09/19/2011 8:22:41 AM PDT by NoLibZone
Friggin street rat crazy Chicago mobster thug.
Birds gotta fly
Fish gotta swim
Democrats gotta tax.
Same Stuff; Different Day
And EVEN if we pass it “kill the economy now” economic plan, we still will be $9 trillion short of what we need to take in just to cover HIS spending.
That's EXACTLY what he's asking; you that have money, give it up so we can keep handing out money to our friends, supporters, and the black inner-city parasites.
Lyin' Bastard.
His proposal would increase tax revenues .05 of GDP.
He claims everyone should feel pain? 51% pay no taxes????
He asks his Scottish caddy if he has noticed any obvious reasons for his poor tee shots, to which the caddy replies:
"Aye, there's a piece of shyt on the end of yer driver."
The President picks up his driver and cleans the club face, at which point the caddy says: "No, the other end."
One word...
“Unsustainable”
It truly is.
A balance approach?! Why in the world would you want to balance the good with the bad. Absolute stupidity.
It's not gonna happen.
Even if Zero does somehow convince 50% of voters that he's not as bad as the Republican nominee (whoever that might be) he still has to contend with the 2010 census shift of House shifts to the red states and the fact that the lion's share of Senate seats up in the next two elections are Democrat seats. It's highly unlikely that either the House or Senate will be under Democrat control during any Obama second term.
He's drunk, or drugs, or trying for something (anything!) to campaign on, 'cause he sure can't run on his record. ("Hmmmmmmm. They bought that hopey-changey malarkey once, maybe I can fool them again?")
History shows that when Congress gets more revenue, the pols spend it.
In the late 1980s, one of us, Richard Vedder, and Lowell Gallaway of Ohio University co-authored a often-cited research paper for the congressional Joint Economic Committee (known as the $1.58 study) that found that every new dollar of new taxes led to more than one dollar of new spending by Congress. Subsequent revisions of the study over the next decade found similar results.
But no matter how we configured the data and no matter what variables we examined, higher tax collections never resulted in less spending.
The grand bargain so many in Washington yearn for—tax increases coupled with spending cuts—is a fool's errand. Our research confirms what the late economist Milton Friedman said of Congress many years ago: "Politicians will always spend every penny of tax raised and whatever else they can get away with."
http://online.wsj.com/article/SB10001424052748704648604575620502560925156.html?mod=djemEditorialPage_h
Obama is not serious about increasing jobs or reducing the deficit. This is just plain old politics. He knows the Republicans are not going to go along with this, so then he has a chance to campaign that the Republicans are sticking it to the economy.
This is the modus operandi of the far left which is trying to move us to Eurosocialism as fast as possible. First, spend the money creating new and steeper entitlements and create a fiscal crisis. Second, cite the crisis as justification to raise taxes on the upper echelons to complete the redistribution. Rinse, wash and repeat every Democratic administration.
But unsustainable is the whole idea of Cloward-Piven.
When George the Elder broke his “no new taxes” pledge. I saw the announcement on live tv. He said the Dems had agreed that every new tax dollar would be used to lower the deficit. The Speaker, (Tip?), was nodding his head like a bobble head doll. Instead, as I recall, they spent $1.84 for every $1.00 brought in.
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