CBO: John Boehner's debt bill comes up short

Discussion in 'Politics' started by Political Junky, Jul 26, 2011.

  1. Political Junky
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    Political Junky Gold Member

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  2. Full-Auto
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  3. AquaAthena
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    AquaAthena INTJ/ INFJ

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    Lets look at compromise.

    Obama gets his 1.2 trillion in new revenue. 120 billion a year
    Boehner gets his 3 trillion in cuts 300 billion a year

    Lets be nice guys and add the end of the rich tax cuts 70 billion a year.



    And the compromise is....................... Trillion dollar deficits with cost continuing to go up for obama care, retirees


    :cuckoo::cuckoo::cuckoo:
     
  5. Trajan
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    Trajan conscientia mille testes

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  6. AquaAthena
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    AquaAthena INTJ/ INFJ

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    Look at the economy. Though Nixon famously quipped, “We’re all Keynesians now” Milton Friedman and the neo-classical economics of the Chicago School proved we can’t spend our way to prosperity. We can’t borrow our way to solvency, yet this administration has racked up the largest debt of any administration in History in less than three years. Their first 800 billion dollar stimulus was such a failure even Mr. Obama can’t keep a straight face when talking about the supposed shovel ready jobs. And what is this administration’s answer to the continuation of the Great Recession? The President wants more spending and more debt, a policy which ensures the continued degradation of America’s economic position in the world. From the undisputed leader of the world this administration is fundamentally transforming America into an economic dependency on China.

    Ever since the early 1980s and the Laffer Curve provided the facts to prove what many economists had long known: within certain perimeters reducing taxes generates more revenue than raising them. Economists generally agree that raising taxes slows growth and reduces revenue especially during a recession. Yet in the current debt ceiling EMERGENCY!!!#*%!!! what does the Obama Administration propose? They want to raise taxes. And how do they seek to achieve this masterstroke? By the most blatant application of class warfare rhetoric since Lenin climbed on a barricade in 1917.

    Much more: http://www.dakotavoice.com/2011/07/...utm_campaign=Feed:+DakotaVoice+(Dakota+Voice)
     
    • Thank You! Thank You! x 1

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