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Title: Obama: I only want to raise taxes by $1,500,000,000,000 - $1.5 trillion! Post by: Coach Hank Crisp on September 19, 2011, 07:21:43 PM http://blog.heritage.org/2011/09/19/heritage-responds-to-obamas-debt-reduction-and-tax-proposal/
Heritage Responds to Obama’s Debt Reduction and Tax Proposal (http://blog.heritage.org/wp-content/uploads/obama-rose-garden-speech-debt-9-19-111.jpg) Obama: For every new $3 dollars in new taxes I will cut the deficit by $1 dollar. Do the math if you don't believe me. Quote Who Really Is Paying Obama’s Latest Tax Hikes Over half of President Obama’s deficit reduction plan announced today would come from tax increases – to the tune of $1.5 trillion – on families and businesses earning over $250,000 a year. Obama’s Plan Is More Bad News for Defense President Obama’s approach to deficit reduction, which he outlined in a Rose Garden statement today, means additional bad news for the defense budget and the nation’s security. According to the fact sheet provided by the White House, accompanying his statement from the Rose Garden, the deficit reduction plan sees the continued application of $1.2 trillion in discretionary spending cuts already included in debt ceiling law that was enacted recently. Office of Management and Budget Director, Jack Lew, released a blog on August 4th that estimated that this provision will cut roughly $350 billion from the defense budget over ten years. The new deficit reduction plan would add $1.1 trillion in cuts from defense to come from funding for the military operations in Afghanistan and Iraq. Finally, it would impose an unspecified level of spending reductions in benefits for military personnel. Title: Re: Obama: I only want to raise taxes by $1,500,000,000,000 - $1.5 trillion! Post by: pmull on September 19, 2011, 07:30:29 PM Unbelievable. This moron never ceases to amaze me. >:(
Title: Re: Obama: I only want to raise taxes by $1,500,000,000,000 - $1.5 trillion! Post by: Coach Hank Crisp on September 19, 2011, 07:35:42 PM Unbelievable. This moron never ceases to amaze me. >:( I wonder why his advisers don't tell him that you can't spend your way out of debt, unless they think you can as well. >:( Title: Re: Obama: I only want to raise taxes by $1,500,000,000,000 - $1.5 trillion! Post by: SUPERCOACH on September 19, 2011, 07:40:28 PM Hmmm... when I do the math I get +3 in taxes -1 in deficit reduction = +2 in NEW SPENDING!!!
He has a lot of nerve, trying to convince us that by selling us a dollar for the bargain price of 3 dollars he is a brilliant economist. |