8537
VIP Member
Raising taxes would, and again this is being extremely generous, raise at most $3 trillion annually. This number is based on raising taxes while the economy is growing, which is counter-intuitive.
The $1 trillion in cuts that has been 'proposed' and the higher taxes isn't going to solve a $14,000,000,000,000--and growing--deficit. Just isn't.
To continue with you the Stimulus Act did not prevent economic collapse. How do we know this? Because, by order from the Supreme Court, we know where the majority of that money went. Obama employed fear artistically leading up to the Stimulus Act telling anyone that would listen that if we didn't grant the Federal Reserve the unfettered power to spend hundreds of billions with ZERO oversight the sky would fall.
Now you can try to prove a negative, but that is a waste of time. Instead let's look at the promises Obama made about the Stimulus Act. Shovel ready jobs. BS Investing in infrastructure BS. Keeping unemployment down BS. Everything this president said was a lie, and he's joking about it.
The Stimulus Act didn't prevent economic collapse, unless you believe giving Goldman Sacs tens of billions at .01% interest rate achieved that.
Also, your president is ensuring that the unprecedented billion dollar campaign is going to be a norm now. The unlimited super pact organizations are being well exploited by the Democratic Party. Pot and kettle right?
You are mixing TARP and ARRA. TARP was Bush-era monetary policy. ARRA was Obama-era fiscal policy.
No I am not. The American Recovery and Reinvestment Act is what I was talking about. If you'd like I can post the congressional hearing where Ben Bernanke said that he didn't have to tell Congress where money from the ARRA went. Hell I can post the video of Obama making every single one of those broken promises.
Ben Bernanke did not control ARRA money. Bernanke played a part in the distribution of TARP funds, not ARRA funds. Bernanke has no role in fiscal policy.
Again, you are confusing ARRA and TARP.