Papageorgio
The Ultimate Winner
Mitt Romney, who is speaking of drastic cuts to reduce the deficit, is holding millions in dollars in off shore banks. Why? In order to avoid paying US taxes on it. That should matter to anyone who wants to see the deficit decreased. But it doesn't matter to the GOP brass. Why?
Mitt Romney has millions of dollars saved in offshore Cayman Islands tax shelters | Mail Online
Do you have the same concerns about the Democrats who do the same thing and have the same question for the DNC brass?You know they talk about reducing the deficit as well in fact didn't Obama say he would cut the deficit in half by the end of his first term?
So far under Obama the deficit has gone from 1.55trillion dollars to 1.4 trillion dollars. So he has decreased the deficit. Furthermore hes a list of legislation democrats passed that have reduced the deficit of which republicans opposed.
1) ACA cuts the deficit by 150 billion in first ten years and a trillion in the next ten.
2) Two anti-offshoring jobs bills reduces the deficit each by several billion.
3) A food safety bill that reduces the deficit by several billion
4) Financial reform that sets up an alternative to government bailouts and sets regulations to prevent housing bubble/crises reduces the deficit by tens of billions.
5) Obamas administration has increased fines for pollution violations, wage theft, tax cheats, and companies that commit fraud,
6) Obama has reduces deportation of immigrants who are in college or in the military which will reduce the deficit by 1.4 billion.
7) Increased IRS funding to track down tax cheats which will reduce the deficit by 10 billion.
8) Began collecting royalties from oil companies which will reduce the deficit by 10 billion.
9) Removed student loan subsidies to big banks which will reduce the deficit by around 19 billion a year.
10) Increased funding for anti-fraud and abuse in government which has a cost benefit ratio of $1-$1.5.
11) Passed the improve acquisition act which cleans up wasteful military spending reduces the deficit by 20 billion a year.
12) Invested billions into more energy efficient government buildings and cars.
13) Passed the smoking prevention act which reduces the deficit by a billion.
14) Reauthorized CHIP making it cut the deficit by several billion.
15) The American Clean Energy and Security Act which, according to CBO, will cut the deficit by $9 billion over the next 10 years.
Spin away.