Barack Obama (Debt Creator-in-Chief)
“I think it is important, though, to recognize if we keep on adding to the debt...that at some point, people could lose confidence in the U.S. economy in a way that could actually lead to a double-dip recession.”
**Ya think?
Of course this statement is true, but do you really believe Obama has any plans of doing anything to keep the debt from continuing to rise? Of course you don't.
If you do believe him, however, you need to realize there is only one way Barack can control the debt: Since you know he has no intention of slowing down his exponentially insane level of spending, the only way he can possibly stop the debt from rising is to equally increase tax levels...And 'the rich' don't have enough money to cover it, so he's going to have to go after Average Joe & Jane.
Anyone still believe he's not going to tax those making under $250,000? Again, of course you don't.**
**Ya think?
Of course this statement is true, but do you really believe Obama has any plans of doing anything to keep the debt from continuing to rise? Of course you don't.
If you do believe him, however, you need to realize there is only one way Barack can control the debt: Since you know he has no intention of slowing down his exponentially insane level of spending, the only way he can possibly stop the debt from rising is to equally increase tax levels...And 'the rich' don't have enough money to cover it, so he's going to have to go after Average Joe & Jane.
Anyone still believe he's not going to tax those making under $250,000? Again, of course you don't.**
Labels: Barack Obama
posted by Poison Pero @ Sunday, November 29, 2009
1 Comments:
At 1:28 PM,
Brendan Smith said…
Actually the CBO(Congressional Budget Office) has already stated that; in order for President Obama to pay for the debt being accrued under the Stimulus alone, we would have to raised taxes on all Americans earning $75,000 or more to 100%.
That's right if you make 75K or more 100% of your salary would be needed to pay for the stimulus bill via taxes alone.
How low do you think that salary threshold will drop when we add health care into the mix? Frankly, I'm frightened to find out, I made 60,000 in 2008.
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