Obama Lies: WSJ shows taxing the rich won't cover the bill

Discussion in 'Economy' started by ScreamingEagle, Apr 20, 2011.

  1. ScreamingEagle
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    ScreamingEagle Gold Member

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    Barack Obama told the nation last Wednesday that “improvements” in Medicare and hiking taxes on the wealthy would stabilize government spending and bring deficit spending to what can charitably be described as a dull roar. The Wall Street Journal does some fact checking on these claims and finds them entirely false. Even if the “rich” gets defined down to the top 10% of filers — whose average annual household income is $114,000 — the level of revenue from even a 100% tax would still not close the budget gap:

    WSJ shows taxing the rich won’t cover the bill « Hot Air
     
  2. Robert
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    Robert Really nice Guy

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    That's one thing we've never heard of being defined Just where is the line drawn at who's 'Rich' I don't know about you but I've never seen a Number.

    Maybe one of you well meaning dems can let us know at what point or lower limit does a person get to say he's 'rich'
     
  3. MarcATL
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    MarcATL Gold Member

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    This is the original piece: Review & Outlook: Where the Tax Money Is - WSJ.com

    Yet another Far RW Op-Ed posted by another Far RW reactionary poster.

    Get real!
    :rolleyes:
     
  4. Luissa
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    Luissa Annoying Customer Supporting Member

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    So, I guess now we should just ignore it and not start to pay it off. :cuckoo:
     
  5. xsited1
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    xsited1 Agent P

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    Do people still listen to Obama? Really?
     
  6. teapartysamurai
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    teapartysamurai Gold Member

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    What MarcCommunist doesn't want you to see:





    [​IMG]


    Review & Outlook: Where the Tax Money Is - WSJ.com

    This is far right and reactionary?

    Or just something the liberals don't want you to read, because it tells the truth about Obama's agenda?
     
  7. NYcarbineer
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    NYcarbineer Diamond Member

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    Why don't they post what Obama actually said?
     
  8. PLYMCO_PILGRIM
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    PLYMCO_PILGRIM Gold Member

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    hence why I keep repeating the same mantra over and over.

    We need to raise taxes on EVERYONE, including from the top 1% that pay 40% of all income taxes to the bottom 40% who currently pay zero federal income tax and DRASTICALLY cut spending across ALL GOVERNMENT PROGRAMS and even eliminate some agencies/programs.

    When I say all I mean it, from planned parenthood to military spending.

    If we dont make drastic cuts and increase revenues we are going to fail in the next few years as a nation.
     
  9. Luissa
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    Luissa Annoying Customer Supporting Member

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    Why is it that we paid of our debt after WWII and during the Clinton years by raising taxes?
     
  10. xsited1
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    xsited1 Agent P

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    Because we had fiscal conservatives running the show. (BTW, raising taxes during the Clinton years had a negligible effect on the debt and actually slowed growth during that time.)
     

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