True that Bush 43 is responsible for 4 trillions (in 8 years).
However, Mr. Obama is responsible for 4.5 trillions in just 3 years. 5 plus trillions by the end of next year.
Herman Cain would sign abortion amendment
- Thread starter Straight Shooter
- Start date
True that Bush 43 is responsible for 4 trillions (in 8 years).
However, Mr. Obama is responsible for 4.5 trillions in just 3 years. 5 plus trillions by the end of next year.
Economic growth is so essential. Take Mr. Clinton for example. We had surplus in Clinton's tenure due to economic boom.
Economic growth means jobs. Jobs mean less people depending on the government. Less dependency means less government spending. Jobs means more tax revenue. More tax revenue along with less goverment's dependency's mean surplus.
It's all about creating jobs. Jobs or nothing.
Economic growth means jobs. Jobs mean less people depending on the government. Less dependency means less government spending. Jobs means more tax revenue. More tax revenue along with less goverment's dependency's mean surplus.
It's all about creating jobs. Jobs or nothing.
xfire
New Twitter/X @cxffreeman
Corporations send jobs overseas for cheaper labor. It's not that they can't make a profit manufacturing in America, they just can't make as much. Tell me, when did making modest profits become a bad thing? Corporate greed, not government is what is destroying the economy. Tell me, if government is the problem, why didn't the George W. Bush administration and his republican congress fix it all?
Corporations send jobs overseas for cheap labors, competitions (other contries also do it), and less government regulations (expensive healthcare included).
I don't agree a lot with what Bush 43 was doing. He spent too much money.
That being said, we can't keep doing like Mr. Obama is doing. With this pace the country is going to bankrupt.
Texas attracts more business (creating more jobs) than any states in the country. Texas is run by Republicans.
California is losing jobs at a fast pace. California is run by Democrats.
Ohio is losing more jobs in the past ten years than anybody. 8 plus billions in debt. Democrats were running it. Republicans are now trying to fix it.
93.74% is an incorrect math. There are 14.5 trillions in total. Mr. Obama is responsible for 4.5. 10 out of 14.5 is not equal to 93.74.
Jimmy Carter was also responsible for some of it.
Blue - I'm a democrat but I agree that Edwards, Gingrinch and Clinton are all scumbags of nearly equal proportions. Clinton perhaps slightly less than the other two, but only slightly.
reading you posts is like reading synopsis points from the Glenn Beck show
"one step away from communism", "class warfare", "redistribution of wealth" ...blah blah blah blah blah
The current top marginal tax rate is 35%
Other than the years 1988-92 (28 to 31%) that's the lowest it's been since 1932.
Obama campaigned on raising it back to Clinton era levels of 39.6% - a whopping 4.6% - yet the right wing echo chamber decries that idea as "confiscatory" or "communistic" .... while Tea Partiers threaten secesssion :drama:
all of this angst, and perhaps the most amusing part is, he hasn't even done it yet :1orglaugh
Obama also supported Bush's implementation of TARP, which saved the asses of some of our biggest capitalist concerns.
He doesn't advocate the elimination of private property.
He doesn't advocate the elimination of the working wage.
He doesn't advocate government ownership/control of the means of production.
We don't even have the single payer healthcare system the rest of the civilized western world has.
But yeah he's just one short step away from being another Ho Chi Minh
reading you posts is like reading synopsis points from the Glenn Beck show
"one step away from communism", "class warfare", "redistribution of wealth" ...blah blah blah blah blah
The current top marginal tax rate is 35%
Other than the years 1988-92 (28 to 31%) that's the lowest it's been since 1932.
Obama campaigned on raising it back to Clinton era levels of 39.6% - a whopping 4.6% - yet the right wing echo chamber decries that idea as "confiscatory" or "communistic"
.... while Tea Partiers threaten secesssion :drama:all of this angst, and perhaps the most amusing part is, he hasn't even done it yet :1orglaugh
Obama also supported Bush's implementation of TARP, which saved the asses of some of our biggest capitalist concerns.
He doesn't advocate the elimination of private property.
He doesn't advocate the elimination of the working wage.
He doesn't advocate government ownership/control of the means of production.
We don't even have the single payer healthcare system the rest of the civilized western world has.
But yeah he's just one short step away from being another Ho Chi Minh
Blue - I'm a democrat but I agree that Edwards, Gingrinch and Clinton are all scumbags of nearly equal proportions. Clinton perhaps slightly less than the other two, but only slightly.
reading you posts is like reading synopsis points from the Glenn Beck show
"one step away from communism", "class warfare", "redistribution of wealth" ...blah blah blah blah blah
The current top marginal tax rate is 35%
Other than the years 1988-92 (28 to 31%) that's the lowest it's been since 1932.
Obama campaigned on raising it back to Clinton era levels of 39.6% - a whopping 4.6% - yet the right wing echo chamber decries that idea as "confiscatory" or "communistic"
all of this angst, and perhaps the most amusing part is, he hasn't even done it yet :1orglaugh
Obama also supported Bush's implementation of TARP, which saved the asses of some of our biggest capitalist concerns.
He doesn't advocate the elimination of private property.
He doesn't advocate the elimination of the working wage.
He doesn't advocate government ownership/control of the means of production.
We don't even have the single payer healthcare system the rest of the civilized western world has.
But yeah he's just one short step away from being another Ho Chi Minh
Wrong stats. Marginal tax rate for 1967 is 70 %. Marginal tax rate during the Carter's years (76-80) was well over 60 %.
Who said Mr. Obama was advocating a complete elimination of property or wage?
ObamaCare is one of main reasons business owners are afraid of hiring people. In some parts of the country the cost of premiums have already gone up.
See government regulations (big governent interventions).
Proposing higher tax on people with income of $ 250,000 (See redistribution of wealth) while the country's unemployment is over 9 %. Mr. Obama once said raising tax during a recession was a no no.
Mr. Obama is stiring up class warefare (never to this magnitude in this country). See Wall Street protesters, CNN, NBC, CBS, ABC and many others.
Blue - I'm a democrat but I agree that Edwards, Gingrinch and Clinton are all scumbags of nearly equal proportions. Clinton perhaps slightly less than the other two, but only slightly.
reading you posts is like reading synopsis points from the Glenn Beck show
"one step away from communism", "class warfare", "redistribution of wealth" ...blah blah blah blah blah
The current top marginal tax rate is 35%
Other than the years 1988-92 (28 to 31%) that's the lowest it's been since 1932.
Obama campaigned on raising it back to Clinton era levels of 39.6% - a whopping 4.6% - yet the right wing echo chamber decries that idea as "confiscatory" or "communistic"
all of this angst, and perhaps the most amusing part is, he hasn't even done it yet :1orglaugh
Obama also supported Bush's implementation of TARP, which saved the asses of some of our biggest capitalist concerns.
He doesn't advocate the elimination of private property.
He doesn't advocate the elimination of the working wage.
He doesn't advocate government ownership/control of the means of production.
We don't even have the single payer healthcare system the rest of the civilized western world has.
But yeah he's just one short step away from being another Ho Chi Minh
Semantic game aside, raising tax on certain group of people is equivalent to taking/"conficating" some of the money from them.
Question: How much debt did Mr. Reagan accumulate?
Go check states that are running by Democrats. They mostly are deep in deficit.
Europe have a very high tax rate and yet they are in deep national deficit. Have to resort to austerity measure.
This may be counter-intuitive to some people but higher tax rate means less jobs. Less jobs means more government expenditure and less tax revenue (collected from earned income and capitals). See Europe.
If Europe is the model we are shooting for, we will sure be heading for bankruptcy.
If Europe is the model we are shooting for, we will sure be heading for bankruptcy.
xfire
New Twitter/X @cxffreeman
Higher tax rates under President Clinton resulted in 22 million new jobs.
Reagan added close to $2 trillion to the national debt during his presidency. By the time George H.W. Bush left office the amount was closer to $5 trillion. Interest on the Reagan/Bush debt during the Clinton administration was $2.2 trillion.
Supply-side economics has been a complete and total failure.
Reagan added close to $2 trillion to the national debt during his presidency. By the time George H.W. Bush left office the amount was closer to $5 trillion. Interest on the Reagan/Bush debt during the Clinton administration was $2.2 trillion.
Supply-side economics has been a complete and total failure.
See http://www.politifact.com/truth-o-m...claims-job-rate-soared-after-clinton-raised-/.
You want to replace it with socialism and communism?
http://www.politifact.com/truth-o-m...claims-job-rate-soared-after-clinton-raised-/ says fiscal responsibility is one of the main reasons along with raising disposable income (lower tax).
Similar threads
