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Biden’s Fourth-Grade Economics
National Review Online ^ | October 22,2011 | Mark Steyn

Posted on 10/22/2011 7:38:19 PM PDT by Hojczyk

Who knew it was that easy? So let’s see if I follow the vice president’s thinking: The school laid off these teachers because “there’s no money for them in the city.” That’s true. York City School District is broke. It has a $14 million budget deficit.

So instead Washington, D.C., is going to “give you some money” to hire these teachers back.

So, unlike York, Pa., presumably Washington, D.C., has “money for them”?

No, not technically. Washington, D.C., is also broke — way broker than York City School District. In fact, the government of the United States is broker than any entity has ever been in the history of the planet. Officially, Washington has to return 15,000,000,000,000 dollars just to get back to having nothing at all. And that 15,000,000,000,000 dollars is a very lowball figure that conveniently ignores another $100 trillion in unfunded liabilities that the government, unlike private businesses, is able to keep off the books.

So how come the Brokest Jurisdiction in History is able to “give you some money” to hire back those teachers that had to be laid off?

No problem, says the vice president. We’re going to “ask” people who have “a lot of money” to “pay just a little bit more” in taxes.

Where are these people? Evidently, not in York, Pa. But they’re out there somewhere. Who has “a lot of money”? According to President Obama, if your combined household income is over $250,000 a year you have “a lot of money.” Back in March, my National Review colleague Kevin Williamson pointed out that, in order to balance the budget of the United States, you would have to increase the taxes of people earning more than $250,000 a year by $500,000 a year.

(Excerpt) Read more at nationalreview.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: bidenbs; marksteyn
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1 posted on 10/22/2011 7:38:22 PM PDT by Hojczyk
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To: Hojczyk

I’d like to see someone ask the politicians to “pay just a little bit more” in taxes. America has a hell of a lot more politicians than it does millionaires. They love to spend money, they should pitch in more of theirs.


2 posted on 10/22/2011 7:45:45 PM PDT by FlingWingFlyer (Stop Government Greed Now!!!!)
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To: FlingWingFlyer

Obama’s rich. Why doesn’t he just write a check to the Treasury?


3 posted on 10/22/2011 7:50:03 PM PDT by <1/1,000,000th%
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To: Hojczyk

“my National Review colleague Kevin Williamson pointed out that, in order to balance the budget of the United States, you would have to increase the taxes of people earning more than $250,000 a year by $500,000 a year.”

So what’s the big deal? If we raise they’re taxes that much, surely they’ll just work harder to make it all back. Everyone wins: Uncle Sam gets another money fix, rich people aren’t hurt and everyone lives happily ever after. It’s Obamanomics 101.


4 posted on 10/22/2011 7:59:05 PM PDT by DrC
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To: Hojczyk
"In fact, the government of the United States is broker than any entity has ever been in the history of the planet."

....or a cliche from an old friend of mine from Georgia once used to describe just how broke he was......

"In fact, the government of the United States is broker than any entity has ever been in the history of the planet the Ten Commandments."

5 posted on 10/22/2011 8:10:11 PM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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Comment #6 Removed by Moderator

To: Hojczyk

Another excellent article by Mark Steyn!


7 posted on 10/22/2011 8:12:02 PM PDT by death2tyrants
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To: Hojczyk

Slow Joe is a national treasure. Just think of the most stupid thing you can think of ... and yes, Slow Joe has already said it. Enjoy him now because once the real re-electioneering begins, Slow Joe will be put back in his box until after the election.


8 posted on 10/22/2011 8:14:47 PM PDT by RetiredTexasVet (There's a pill for just about everything ... except stupid!)
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To: <1/1,000,000th%

How much $$$ does Obama have anyway?


9 posted on 10/22/2011 8:20:30 PM PDT by AussieCon91
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To: RetiredTexasVet
Enjoy him now because once the real re-electioneering begins, Slow Joe will be put back in his box until after the election.

With all this clown car administration has going against it this election, do you think they'll risk having BiteMe on the ticket? I'm waiting for BamBam to make the announcement that Slow Joe is, "stepping aside to spend more time with his family".

10 posted on 10/22/2011 8:29:15 PM PDT by YankeeReb (No matter what, AB0 in 2012.)
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To: FlingWingFlyer
“America has a hell of a lot more politicians than it does millionaires”

Since most politicians grow wealthy in office via graft, I have to quibble with that assumption. 4-8 years in federal office equals 2-3 million dollars. 6-12 in state office should get you at least 1-2 million. City and county will take a little longer but it's there for the taking and most take.
Since it usually takes a millionaire to properly bribe a politician, there has to be more millionaires than politicians. It is just simple math. However since this column is about American school's piss poor results in math and science, I can understand how a simple mistake like this could happen.

11 posted on 10/22/2011 8:44:01 PM PDT by Tupelo ( 2012 TEA PARTYER but no longer a Republican)
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To: RetiredTexasVet
Remember this one:

Joe 'BFD' Biden told a town hall meeting in Alexandra, Virginia on July 16, 2009: 'Now, people look at me and say, what are you talking about, Joe? You're telling me we have to go spend money to keep from going bankrupt? The answer's yes, I'm telling you.'

biden-clu
12 posted on 10/22/2011 9:06:16 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: Hojczyk; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; rabscuttle385; mkjessup; ...
RE “Who knew it was that easy? So let’s see if I follow the vice president’s thinking: The school laid off these teachers because “there’s no money for them in the city.” That’s true. York City School District is broke. It has a $14 million budget deficit. So instead Washington, D.C., is going to “give you some money” to hire these teachers back.
So, unlike York, Pa., presumably Washington, D.C., has “money for them”? No, not technically. Washington, D.C., is also broke — way broker than York City School District. In fact, the government of the United States is broker than any entity has ever been in the history of the planet. Officially, Washington has to return 15,000,000,000,000 dollars just to get back to having nothing at all. And that 15,000,000,000,000 dollars is a very lowball figure that conveniently ignores another $100 trillion in unfunded liabilities that the government, unlike private businesses, is able to keep off the books.
So how come the Brokest Jurisdiction in History is able to “give you some money” to hire back those teachers that had to be laid off? No problem, says the vice president. We’re going to “ask” people who have “a lot of money” to “pay just a little bit more” in taxes. Where are these people? Evidently, not in York, Pa. But they’re out there somewhere.

Obama has no economic plan. He has a political plan. He doesnt propose taxes to do anything to the deficit. He is now proposing taxes and related spending that are poll tested to divide voters. You dont see the MSM worried about that.

13 posted on 10/22/2011 9:08:46 PM PDT by sickoflibs (Cain :"My parents didn't raise me to beg the government for other peoples money")
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To: Hojczyk

He should go back to the 4th graders with a handout of the bloodied body of Gaddafi and explain that he’s a bad man that the President killed.


14 posted on 10/22/2011 9:42:51 PM PDT by sanjuanbob (Festina Lente)
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To: BobP

Joey Numb Nuts strikes again


15 posted on 10/22/2011 10:43:57 PM PDT by markman46 (engage brain before using keyboard!!!)
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To: DrC
It ain't Obamanomics, it's Obamunism...
16 posted on 10/22/2011 10:57:35 PM PDT by Kickass Conservative (Liberals, Useful Idiots Voting for Useless Idiots...)
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To: Hojczyk

In only a little over 12 more months, joe can start blaming everything on obama.


17 posted on 10/23/2011 1:49:26 AM PDT by clearcarbon
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To: AussieCon91
How much $$$ does Obama have anyway?

You mean his "regular money", or including his "stash" too?

18 posted on 10/23/2011 3:53:23 AM PDT by The Duke
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To: Hojczyk

The reason “Hair Plugs” went to the 9 year old 4th graders was the “Jobs bill” was written by their fellow 4th graders in the White House - or so it seems! Should be called “show and smell” by the vice idiot.


19 posted on 10/23/2011 4:15:00 AM PDT by geezerwheezer (get up boys, we're burnin' daylight!!!)
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To: Hojczyk

Talk about Slow Joe

If he wanted the 4th grade vote, he should have told them the cafeteria wouldn’t serve any more dessert until rich people pay more taxes


20 posted on 10/23/2011 4:57:49 AM PDT by silverleaf (Common sense is not so common - Voltaire)
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