ABC News: Obama Claus

Discussion in 'Congress' started by The Paperboy, Oct 31, 2008.

  1. The Paperboy
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    The Paperboy Times Square

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    From ABC:

    Once you get past the soaring oratory, to experience a speech by Sen. Barack Obama, D-Ill., is to be hit with an astoundingly lengthy list of promises.

    "I don't know how any reasonable person" could think he'd really be able to accomplish everything he's pledging to do, said the mother-in-law of a colleague, a Missouri woman who intends to vote for Obama.

    Just today in Sarasota, Fla., the Democratic presidential nominee said that he'd:

    • "give a tax break to 95 percent of Americans who work every day and get taxes taken out of their paycheck every week";
    • "eliminate income taxes on Social Security for seniors making under $50,000";
    • "give homeowners and working parents additional tax breaks";
    • not increase taxes on anyone if they "make under $250,000; you will not see your taxes increase by a single dime –- not your income taxes, not your payroll tax, not your capital gains tax";
    • "end those breaks to companies that ship jobs overseas";
    • "give tax breaks to companies that invest right here in the United States";
    • "eliminate capital gains taxes for small businesses and start-up companies that are the engine of job creation in this country";
    • "create two million new jobs by rebuilding our crumbling roads, and bridges, and schools -- by laying broadband lines to reach every corner of the country";
    • "invest $15 billion a year in renewable sources of energy to create five million new energy jobs over the next decade";
    • "reopen old factories, old plants, to build solar panels, and wind turbines";
    • build "a new electricity grid";
    • "build the fuel efficient cars of tomorrow";
    • "eliminate the oil we import from the Middle East in 10 years";
    • "lower premiums" for those who already have health insurance;
    • "if you don't have health insurance, you'll be able to get the same kind of health insurance that members of Congress give themselves";
    • "end discrimination by insurance companies to the sick and those who need care the most";
    • "invest in early childhood education";
    • "recruit an army of new teachers";
    • "pay our teachers higher salaries, give them more support. But ... also demand higher standards and more accountability";
    • "make a deal with every young person who's here and every young person in America: If you are willing to commit yourself to national service, whether it's serving in our military or in the Peace Corps, working in a veterans home or a homeless shelter, then we will guarantee that you can afford to go to college no ifs ands or buts";
    • "stop spending $10 billion a month in Iraq whole the Iraqis have a huge surplus";
    • "end this war in Iraq";
    • "finish the fight and snuff out al Qaeda and bin Laden";
    • "increase our ground troops and our investments in the finest fighting force in the world";
    • "invest in 21st century technologies so that our men and women have the best training and equipment when they deploy into combat and the care and benefits they have earned when they come home";
    • "No more homeless veterans"; and
    • "no more fighting for disability payments."
    • This on top of his 30-minute infomercial last night, and the myriad other pledges and promises he's made throughout the last 21 months.
    It's quite a list!

    He does call for some sacrifices, though nothing that would equal the cost of these measures.

    Story continues here
     
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  2. rayboyusmc
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    rayboyusmc Senior Member

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    And McMoney promises the middle class higher taxes and continuation of spreading the wealth upward to the rich and corporations.
     
  3. bk1983
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    bk1983 Off too Kuwait..

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    Obama's tax plan would add $3.4 trillion in debt relative to current law by 2018.
    McCain's tax plan would add $5.0 trillion in debt relative to current law by 2018.

    This figure was complied by non partisan tax policy center.
     
  4. The Paperboy
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    The Paperboy Times Square

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    Link please.
    How does a government spread wealth upward? Please explain.
     
  5. USJD
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    USJD Rookie

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    Both candidates are promising more than they can deliver without either increasing the debt or raising taxes. In the end both will have to raise taxes and cut way back on other programs. You can bet that when we finally pull our troops out of Iraq that there will be major cuts in our national defense as there should be. The days of the US playing the world's policeman are over. We can no longer afford it. Our "allies" need to step up to the plate and pay for the defense of their own countries because we simply cannot afford it.
     
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    Last edited: Oct 31, 2008
  6. The Paperboy
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    The Paperboy Times Square

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    Very possible. The difference is that McCain's policies would have more chance of growing the economy and increasing tax revenues.

    Obama's would be a job killer on top of the trillion he wants to spend.
     
  7. dilloduck
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    dilloduck Diamond Member

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    When the US no longer plays the role of the world's policeman, will there be a role in the world left for us to play ? One that we can afford of course.
     
  8. bk1983
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    bk1983 Off too Kuwait..

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    I have a hard time believing that, the Clinton admin's economic policy is similar to Obama's and created more jobs, and millionaires,billionaires then the Bush admin.
     
  9. The Paperboy
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    The Paperboy Times Square

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    Not sure I understand your point but I will say that government does not create wealth. People do. The only thing the government does is collect the people's money and distribute it as they see fit.
     
  10. bk1983
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    bk1983 Off too Kuwait..

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    Exactly but policies affect the ability to gain wealth. The tax policy determnies how that wealth is distributed. The government role is to balance the budget. Read Warren Buffet's policies and why he supports Obama, I think one of the richest men in the world knows a thing or two about revenue,spending,etc..
     

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