What if Obama gets his tax hike on the rich?

Discussion in 'Politics' started by Wiseacre, Nov 10, 2012.

  1. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    In addition to all the other tax hikes I mean. So we get another 80 billion in annual revenue but we still have over a trillion in deficits every year. What then, will the democrats then cut spending? Don't think so. Some people think an extra 80 billion of revenue just means an extra 80 billion the democrats can spend. And how long will it be until the democrats want to raise taxes again? And again after that?
     
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  2. Black_Label
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    Black_Label Registered Democrat

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    All we need to do is stop what got this nation into this mess in the first place. End the horrific Bush tax cuts to the rich, slash the ridiculously over-bloated military spending, and the deficit will turn around virtually overnight.
     
  3. AquaAthena
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    AquaAthena INTJ/ INFJ

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    Yes, this is all just about demonizing the rich and pleasing his base, who are envy of the rich and want revenge. Obama hates the rich too, except for his friends and campaign donors.

    It makes no fiscal sense. He has to throw his base a bone every now and then for he knows in two years there will be a majority in the Senate, unless he keeps feeding his hungry followers with the Kool-Aid and candy.
     
  4. Truthmatters
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  5. Oddball
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    Oddball BANNED Supporting Member

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    It will most likely mean that Boner caved, in order to save some of the repubs' hallowed Pentagon spending.
     
  6. Truthmatters
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    90% was a top tax rate for some time.

    The country did fine.

    wake up and smell the facts.

    You lost becuase you REFUSE to deal in facts
     
  7. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    To recap: you get 80 billion a year in more revenue, but the deficits are over a trillion dollars. What are you gonna do, delete all defense spending? How many jobs do you think would be lost then? And even then, you're still short several hundred billion. And you're going to do this overnight? You are one totally fucking idiot.
     
  8. Truthmatters
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    from arround 1940 to 1970 this country had a top tax rate of 80% or above.


    Those were GREAT economic years.

    Stop lying to yourselves at the order of Fox news
     
  9. Truthmatters
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    This is why your party is dying.

    stop commiting suicide
     
  10. SniperFire
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    SniperFire Senior Member

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    Boehner doesn't have the votes.

    But that's OK. Kicking the can down the road won't help.

    Let's go over the fiscal cliff and see how that shakes out.
     

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