Who Can Tackle the Big Beast (Deficit)? Romney or Obama?

Discussion in 'Clean Debate Zone' started by California Girl, Aug 1, 2012.

  1. onecut39
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    onecut39 VIP Member

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    To do anything meaningful with the deficit will require new and/or higher taxes.

    That lets Romney and the GOP out. The GOP, even should they not have the majority, will stop any tax measures with a filibuster..

    Game over.
     
  2. Politico
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    Politico Gold Member

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    How is this even a question?
     
  3. California Girl
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    California Girl BANNED

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    And yet you defend one and disparage the other. What does that say about you?
     
  4. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    I am always amazed when somebody says this. So let me ask: do you really think that raising taxes will get you a meaningful reduction in the deficit? Allowing the Bush tax cuts on the top 1% making above 250k gets you maybe 70 billion/year against a 1.2 trillion deficit this year. Is that your idea of meaningful? Do you really think you can raise taxes that much without a meaningful impact on economic growth?
     
  5. California Girl
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    California Girl BANNED

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    It is if you have absolutely no understanding of basic economics... or even the ability to quite straightforward math.
     
  6. hortysir
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    hortysir In Memorial of 47

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    AND increased the debt and deficit.......
     
  7. Buford
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    Obama said he'd cut the deficit in half by the end of his first term. That is a failure. That means we give someone else a shot.
     
  8. Vidi
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    Vidi CDZ prohibited

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  9. Vidi
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    Two wars and a economic collapse and he still created 4.4 million private sector jobs. With 30 straight months of growth, after the losses we took under the previous plan, now is not the time to jump out of the life boat and start swimming back to the sinking ship.
     
    Last edited: Aug 2, 2012
  10. onecut39
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    You think 70 billion a year is insignificant . Since Bush we have had two tax cuts and a prebate under Bush. The stimulus was 40% tax cuts. Then we have the reduction in payroll taxes.

    You couple 70 billion in tax increases with a 400 billion reduction in defense, add on 150 billion in reduced corporate welfare and you suddenly begin to talk real money.

    If all those tax cuts were supposed to create jobs I have just one question: Where are they?
     

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