Obama's $5T Statement

#26
#26
azVolFan said:
There are plenty of rich liberals and poor conservatives so "taxing the rich" doesn't mean taxing conservatives and "cutting entitlements" doesn't mean taking money from liberals.
Click to expand...

Oh, don't get me wrong, I know this. I'm just talking in terms of things liberals and conservatives in Congress support.
 
#27
#27
lawgator1 said:
No, I'm questioning whether Romney's main justification for electing him has any merit. Again, seems to me that fiscal conservatives would be concerned about the effects on the deficit of a proposal to reduce taxes and increase spending.

I still can;t get over the fact that so many seem willing to just "accept" Romney's claim that it won't increase the deficit when, based on what he has released about it, it simply mathematically has to.
Click to expand...

I'm sure you just missed this post so I'll quote it for you

Bezdomny said:
I think the real irony is President Obama bringing up a possible Romney deficit in the first place. Obama has had a trillion dollar deficit 4 years in a row with no sign of a revenue neutral budget in the future. Yet he's complaining about Romney's budget possibly adding 5 trillion dollars to the deficit over 10 years.

The country would be better off under Romney even using Obama's 'math' and 'arithmetic'.
Click to expand...

even if the numbers you post are absolutely correct, wouldn't you rather have the guy that would add half as much to the deficit? That is if you really care about it at all.
 
#28
#28
utvolpj said:
I'm sure you just missed this post so I'll quote it for you



even if the numbers you post are absolutely correct, wouldn't you rather have the guy that would add half as much to the deficit? That is if you really care about it at all.
Click to expand...

it's not about Romney, it's about the machine behind him
 
#30
#30
utvolpj said:
I'm sure you just missed this post so I'll quote it for you



even if the numbers you post are absolutely correct, wouldn't you rather have the guy that would add half as much to the deficit? That is if you really care about it at all.
Click to expand...


You are missing I think the forest for the trees here.

I'm for reducing the deficit and am interested long term in a balanced budget. I respect the complexities of the situation and realize it won't happen quickly.

Obama and Boehner had an agreement that would have trimmed $4 trillion from the debt over ten years. Not perfect, but a start. Then the far right weighed in on the Tea Party and Cantor killed the deal. Not because it wasn't a good idea, but because the hatred for Obama is so tangible on the far right that they'd rather drive the economy further into the ground than give Obama the ability to say he crafted a compromise of that magnitude with the GOP.

From there, things just went south.

So when Romney claims that he can reach across the aisle and just waive some kind of magic wand and make the numbers work -- when he refuses to say why or how -- you'll forgive me if I'm a bit skeptical.

Its not an issue of whether the deficit has gone up, its how to we bring it down. Obama wants to cut spending and increase revenues from the very rich. He can show you real numbers and you can see the actual impact. Is it enough? I guess not. But you know what it is.

Romney has a mystery plan to increase defense spending by $2 trillion, reduce taxes by some measure of trillions of dollars, but stay deficit neutral? That just doesn't make any sense.
 
#31
#31
lawgator1 said:
Obama and Boehner had an agreement that would have trimmed $4 trillion from the debt over ten years. Not perfect, but a start. Then the far right weighed in on the Tea Party and Cantor killed the deal. Not because it wasn't a good idea, but because the hatred for Obama is so tangible on the far right that they'd rather drive the economy further into the ground than give Obama the ability to say he crafted a compromise of that magnitude with the GOP.
Click to expand...

those cuts were window dressing and would never have materialized. Doesn't matter who ended them if they were a lie
 
#32
#32
lawgator1 said:
Its Romney's plan, an organization with a Dem and a Repub at the helm say they cannot see a way that it can be revenue neutral without raising taxes on the middle class, and by a lot, and the response from Romney and the GOP is simple:

"No, it doesn't."

I'm sorry, I need a little more than that.
Click to expand...

Does it really say that? The revised version?

Or is that how you and Obama characterize it.

As pointed to before do you really believe Romney plans to raise taxes on the middle class?

TPC Tax Topics | romney-plan
 
Last edited:
#33
#33
lawgator1 said:
What is the effect of reducing the corporate rate to 25%?

I mean, if you believe Team Romney, it will create jobs and therefore more revenue.

If you believe Team Obama, it just makes the rich richer.

The investment class and big corporations have plenty to spend on hiring and building right now. The key is not to free up more capital for them to sit on. The key is to spur demand so that they do it on their own.
Click to expand...

In reality the corporate tax is nothing but a tax on the consumer. The corporations add the tax to their product or service thus we all pay more.
 
#34
#34
Gramps said:
In reality the corporate tax is nothing but a tax on the consumer. The corporations add the tax to their product or service thus we all pay more.
Click to expand...

Except that for many goods and services the corporations avoid paying but a fraction of their threshold bill.
 
#35
#35
lawgator1 said:
What is the effect of reducing the corporate rate to 25%?

I mean, if you believe Team Romney, it will create jobs and therefore more revenue.

If you believe Team Obama, it just makes the rich richer.

The investment class and big corporations have plenty to spend on hiring and building right now. The key is not to free up more capital for them to sit on. The key is to spur demand so that they do it on their own.
Click to expand...

Whatever ....,companies aren't hiring because of the unknown.....obamacare....sword rattling on tax increases and etc
 
#36
#36
Anyone considering the variable of jobs being created and reducing the number of those on the dole?
All the talk of tax on the middle class is irrelevant.....when you consider what the implications associated with Obamacare.....look up the taxes that accompany it.....Then check out the percentage increase the lowest tax bracket gets hit with
 
#37
#37
Carl Pickens said:
Anyone considering the variable of jobs being created and reducing the number of those on the dole?
All the talk of tax on the middle class is irrelevant.....when you consider what the implications associated with Obamacare.....look up the taxes that accompany it.....Then check out the percentage increase the lowest tax bracket gets hit with
Click to expand...

There's no way Obama raised taxes on those making less than $250,000 per year. It was a campaign promise dude!
 
#38
#38
Carl Pickens said:
Anyone considering the variable of jobs being created and reducing the number of those on the dole?
All the talk of tax on the middle class is irrelevant.....when you consider what the implications associated with Obamacare.....look up the taxes that accompany it.....Then check out the percentage increase the lowest tax bracket gets hit with
Click to expand...
There is a disconnect there Carl. They must think someone else is going to pay the bill. Sorry the middle class gets stuck with it, just like everything else.. Sometimes i wonder if they believe in fairies too and leprechauns. Probably actually think there is a pot of gold at the end of the rainbow.
 
#39
#39
It makes you wonder doesn't it..... The actual details are swept under the rug by the liberal media and most Americans are either to dumb or too lazy to actually look into the implications
 
#40
#40
Carl Pickens said:
It makes you wonder doesn't it..... The actual details are swept under the rug by the liberal media and most Americans are either to dumb or too lazy to actually look into the implications
Click to expand...
They have no idea what they're asking for... That's the sad part.....
 
#41
#41
**** it. Fair tax baby. All this arguing would be obsolete if we abolished the IRS and adopted the Fair Tax. The corporate tax would be nonexistent.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top