Obama: Not Raising Taxes is a Form of Government Spending

Discussion in 'Politics' started by Stephanie, Feb 13, 2012.

  1. Stephanie
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    Stephanie Diamond Member Supporting Member

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    holy smokes..

    SNIP:
    By Fred Lucas
    February 13, 2012
    Subscribe to Fred Lucas's posts

    President Obama speaks about his 2013 budget proposals and the "Community College to Career Fund" at Northern Virginia Community College in Annandale, Va. on Monday, Feb. 13, 2012 (AP Photo/Susan Walsh)

    (CNSNews.com) – Announcing his budget plans for fiscal year 2013 in an address at Northern Virginia Community College in Annandale, Va., President Barack Obama characterized the current income tax rates--signed into law by President Bush a decade ago--as a form of government spending.

    Essentially, the president said that the federal government "spends" when it does not raise taxes.

    “Right now, we’re scheduled to spend more than $1 trillion more on what was intended to be a temporary tax cut for the wealthiest two percent of Americans,” Obama said. “We’ve already spent about that much. Now we’re expected to spend another $1 trillion. Keep in mind, a quarter of all millionaires pay lower tax rates than millions of middle class households. You’ve heard me say it: Warren Buffett pays a lower tax rate than his secretary.”

    Despite the bankruptcies of three green energy companies that received heavy doses of federal tax dollars, Obama also pledged Monday to “double down on clean energy.”

    The budget proposal faces an uncertain future on Capitol Hill. Democrats, who control the Senate, have said it is not necessary to vote on a budget for next year. Republicans, who control the House, have criticized the Obama budget, saying it contains too many tax hikes and not enough spending cuts.

    Obama said his tax and spending plan would save $4 trillion by 2022. However, the budget proposal for the fiscal year beginning Oct. 1, projects a $1.33 trillion deficit, marking a fourth consecutive year of trillion-dollar deficits. The president’s plan projects that the deficit would drop to $901 billion in 2013, and to $575 billion by 2018.

    the rest, a video, AND LOTS OF COMMENTS.
    Obama: Not Raising Taxes is a Form of Government Spending | CNSnews.com
     
  2. occupied
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    occupied Gold Member

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    Keeping taxes low when they are due be raised and tax cuts are spending. They have the exact same effect on the bottom line as spending money, you thought otherwise?
     
  3. NYcarbineer
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    NYcarbineer Diamond Member

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    It's true, because if tax cuts aren't accompanied by spending cuts, the lost revenue that would have paid for the spending is made up for by borrowing.
     
  4. Luddly Neddite
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    Luddly Neddite Diamond Member

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    All the more reason to cut out the Bush Crony Tax Gifts.
     
  5. Baruch Menachem
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    Baruch Menachem '

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    The thing is, the money does not belong to the government. It belongs to the people. The government takes money from people to do important and useful stuff, but the money left in their pockets in no way counts as spending by the government
     
  6. occupied
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    occupied Gold Member

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    When we are talking about the budget deficit specifically, when the government acts to cut taxes that would have otherwise been paid, it is spending. It's like taking an unpaid day off work, it still costs.
     
  7. Trajan
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    Trajan conscientia mille testes

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    “Right now, we’re scheduled to spend more than $1 trillion more on what was intended to be a temporary tax cut for the wealthiest two percent of Americans,” Obama said. “We’ve already spent about that much. Now we’re expected to spend another $1 trillion. Keep in mind, a quarter of all millionaires pay lower tax rates than millions of middle class households. You’ve heard me say it: Warren Buffett pays a lower tax rate than his secretary.”


    obamas whole statement there is grade A shit. its the cheapest scummiest form of populism there is, I don't care who does it and when...the buffett thing especially is just insulting....

    but his mentors have taught him well;tell a lie long enough and it will become perceived as 'truth'.

    remember; the big lie is much more effective than the little lie...
     
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  8. Luddly Neddite
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    Luddly Neddite Diamond Member

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    EXACTLY what part is untrue? How is it untrue.

    EXACTLY. SPECIFICALLY.

    And, please post something besides your opinion to back up - well, YOUR opinion.

    Thanks.

    p.s. Have you looked at your own tax rate?
     
  9. Trajan
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    Trajan conscientia mille testes

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    they pay lower tax RATES becasue they receive different forms of compensation harriet.

    and,

    t for the wealthiest two percent of Americans,

    hello, ever heard of the 10% bracket? created by who, for who?


    annnnnd his secretary makes over 200k a year easy, putting her firmly in that evil rich bracket BUT shes an object of sympathy now too? get bent.


    MY tax rate is same as buffets AND the sec's.....and so to would yours if you had a job.....
     
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  10. Dont Taz Me Bro
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    Dont Taz Me Bro USMB Mod Staff Member Gold Supporting Member Supporting Member

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    Clearly someone never went to college.

    It's amazing how you people suck up every lie that comes out of that man's mouth. Truly pathetic.
     

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