Obama’s Budget: Almost $1 Trillion in New Taxes Over Next 10 yrs, Starting 2011
President Obama’s budget proposes $989 billion in new taxes over the course of the next 10 years, starting fiscal year 2011, most of which are tax increases on individuals.
1) On people making more than $250,000.
$338 billion – Bush tax cuts expire
$179 billlion – eliminate itemized deduction
$118 billion – capital gains tax hike
Total: $636 billion/10 years
2) Businesses:
$17 billion – Reinstate Superfund taxes
$24 billion – tax carried-interest as income
$5 billion – codify "economic substance doctrine"
$61 billion – repeal LIFO
$210 billion – international enforcement, reform deferral, other tax reform
$4 billion – information reporting for rental payments
$5.3 billion – excise tax on Gulf of Mexico oil and gas
$3.4 billion – repeal expensing of tangible drilling costs
$62 million – repeal deduction for tertiary injectants
$49 million – repeal passive loss exception for working interests in oil and natural gas properties
$13 billion – repeal manufacturing tax deduction for oil and natural gas companies
$1 billion – increase to 7 years geological and geophysical amortization period for independent producers
$882 million – eliminate advanced earned income tax credit
Total: $353 billion/10 years
– jpt

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People who have watched their retirement savings, college plans, and home equity decline are being told they are about to have to give up more of their money to the government.
That seems like reverse stimulation to me.
Posted by: MayBee | February 26, 2009, 12:06 pm 12:06 pm
Totally AWESOME!!!!!!!
Posted by: Omentum | February 26, 2009, 12:10 pm 12:10 pm
the depression occurred because of 3 things: taxes on imports, taxes on american businesses and over-regulation of business.
The democrats own the next depression.
Posted by: don | February 26, 2009, 12:12 pm 12:12 pm
Time to follow OK example—– tell the feds the constitition does not permit them to do these things
Posted by: catburt | February 26, 2009, 12:12 pm 12:12 pm
Geez, looking at that, he’s going to drive gas prices through the roof. Four dollar gas is going to look cheap when he’s done screwing things up.
Posted by: Jim | February 26, 2009, 12:12 pm 12:12 pm
@Omentum:
You obviously don’t understand what’s about to happen to you…
Posted by: Where's My 'tini? | February 26, 2009, 12:12 pm 12:12 pm
Unreal!
This is why Democrats are known for raising your taxes. This guy is a disaster.
Posted by: gregg | February 26, 2009, 12:14 pm 12:14 pm
WOW!
Now that is change that SUCKS!!
Posted by: JJ | February 26, 2009, 12:14 pm 12:14 pm
Wow… What a great way to turn a recession into a decade long depression!!
Posted by: obama | February 26, 2009, 12:14 pm 12:14 pm
I’m glad I’m not rich… (or ever will be…) /sc
Posted by: ray | February 26, 2009, 12:14 pm 12:14 pm
Only a trillion. Gee golly. Let’s all reach out a thank a liberal. Nice work.
Posted by: Mikey123 | February 26, 2009, 12:14 pm 12:14 pm
This time, the revolution WILL be televised !!!!!
Posted by: Cody | February 26, 2009, 12:14 pm 12:14 pm
What’s the point of bettering yourself anymore? The government is just going to take what you earn. Way to stifle innovation and ingenuity.
Posted by: Brent | February 26, 2009, 12:14 pm 12:14 pm
hard to lower once you raise…welcome to sweden.
Posted by: matt byers | February 26, 2009, 12:14 pm 12:14 pm
So we should stop working and live of the government? Hope all you obama sheep are happy,…more jobs will move over seas, more money to illegal aliens, the list goes on and on,…someone better impeach this fool or America is going to sink so fast NOBODY will be able to save her!
Posted by: Chico | February 26, 2009, 12:15 pm 12:15 pm
Let’s all pretend that we’re surprised a Democrat is raising taxes immediately upon entering office. Nebulous buzzword speeches and the novelty of having our first black president is wearing off pretty fast, hmm?
Posted by: Hank | February 26, 2009, 12:15 pm 12:15 pm
It’s not about stimulation, it’s about socialization. Never forget that.
Posted by: Joe America | February 26, 2009, 12:16 pm 12:16 pm
Does he understand that if he raises taxes on business he’s raising taxes on regular people. I’m a business owner. If my taxes goes up I WILL pass it along to my customers by raising my prices.
Posted by: jamie | February 26, 2009, 12:16 pm 12:16 pm
This isn’t a budget. It’s a war plan on domestic oil producers. How this squares with his energy independence talk I can’t begin to fathom.
Posted by: Longhorn Six | February 26, 2009, 12:16 pm 12:16 pm
Back to Clinton prosperity and good economic sense. You can’t have what you don’t pay for
Posted by: Jeffrey Kenneth Muller | February 26, 2009, 12:16 pm 12:16 pm
I assume Omentum is being sarcastic…
What fantasy land does Obama live in? Does he not realize that people have choices, and that turning the US into Taxachussetts will cause the more affluent to leave in droves for more favorable locales, cause businesses to cease to invest in the U.S. and instead divert resources to locales with more favorable tax regimes, and de-incentivize the accretion of wealth.
Obama’s policies are turning a recession into a depression at an alarming speed.
Posted by: Chad3337 | February 26, 2009, 12:16 pm 12:16 pm
WOW – Nice way to kill any economic recovery that may be under way in 2011 and beyond. This OTJ Training seems to be not working out well.
Posted by: OldeSCfan | February 26, 2009, 12:16 pm 12:16 pm
It’s been proven over and over again that increasing taxes actually reduces the amount of revenue the flows into the govenment. When will these guys wake up and smell the coffee. Oh I forgot, they just want to solidify their power base via wealth redistribution.
Posted by: seahsker | February 26, 2009, 12:17 pm 12:17 pm
Obama is out of control. His Socialist agenda is going to destroy the US economy. He must be stopped by electing a congress that will stop him before he does anymore damage. We need to repeal all of his socialist agenda.
Posted by: brian | February 26, 2009, 12:17 pm 12:17 pm
Where in the heck are the Republicans SCREAMING on TV, radio etc? We are being raped by these economic imbeciles! I know middle class parents, who work hard, who want to buy guns and march on DC to throw out this incompetent fool of a president. I am not kidding.
Posted by: Econ Guy | February 26, 2009, 12:17 pm 12:17 pm
doesnt everyone realize that all of this tax savings that the corporations are going to lose out on, are just going to be passed right on to everyone, not just the rich, but the middle class and the poor. I think they should start to have voter training to gain a license to vote, and not just give that right away to anybody.
Posted by: mmustov | February 26, 2009, 12:17 pm 12:17 pm
@Omentum:
You obviously don’t understand what’s about to happen to you…
Posted by: Where’s My ‘tini? | Feb 26, 2009 12:12:46 PM
==============================
something better than the previous eight years!!!!!!!
YESSSSSS!!!!!!!!
Posted by: Omentum | February 26, 2009, 12:17 pm 12:17 pm
The budget does everything to make energy more expensive so as to bankrupt this nation to force us to live like losers.
Posted by: Tom | February 26, 2009, 12:17 pm 12:17 pm
It’s about time rich people and bug business paid their fair share. What made America great was all of use being able to share in the wealth but then Reagan and Bush decided to only take care of the rich.
Posted by: JS | February 26, 2009, 12:17 pm 12:17 pm
The sacrifices of the present will be the prosperity of the future. I would rather have my money taxed and put to good use than watch my savings erode away thanks to some Wall Street executive. People need to band together for the common good and sacrifice their money for the Nation so improvements can be made in areas such as health care, infrastructure, and energy independence.
Posted by: JC | February 26, 2009, 12:17 pm 12:17 pm
Now we see how Obama is going to pay for (one-third) of his $3 trillion spending increase (assuming the programs are permanent). He’s the most radical tax and spend liberal president in U.S. history. Raising taxes on businesses, investments, and small businesses that all pay the personal income tax rate is the perfect plan – if your goal is to dramatically shrink economic growth.
If we do get out of this recession we’re just going to have a “double dip” recession like in the Great Depression (which was actually just two bad recessions with a doubling of government spending) in 2011 when this massive tax increase is imposed.
Posted by: Greg | February 26, 2009, 12:18 pm 12:18 pm
Jamie is absolutely right. This incompetent boob doesn’t understand the first fule of corporate taxes – Corporations don’t pay taxes, their customers do.
Posted by: Longhorn Six | February 26, 2009, 12:18 pm 12:18 pm
Finally! Back to prosperity!
For all those uninformed in American history, the 20 years of arguably our greatest growth (50s and 60s) were accompanied with a NINETY PERCENT (yes, 90%) marginal tax rate on the highest income bracket.
Get with it folks, this is as American as Apple Pie and Model Ts.
Posted by: C. Baratta | February 26, 2009, 12:18 pm 12:18 pm
Looks like Obama is “escalating the W.O.E.” (War on Employers)
Posted by: Byronius | February 26, 2009, 12:20 pm 12:20 pm
This isnt a budget. Its a declaration of war against people who produce.
Posted by: David | February 26, 2009, 12:20 pm 12:20 pm
Do you guys not realize that we need more taxes? What do you propose we do to the 3 trillion dollar debt we have? Just keep passing it on to our kids and their kids so they can pay the price later? If anyone else has an idea on how to balance the budget and make up 3 trillion, I’m sure barack would love to hear it. Obviously nobody wants taxes, but you have to think about what is necessary for the survival of our country
Posted by: ThinkAboutIt | February 26, 2009, 12:20 pm 12:20 pm
There goes my 3 percent pay raise for the year!!
Thanks Mister President!!
Posted by: Bill S | February 26, 2009, 12:20 pm 12:20 pm
Don’t they realize when they institute all those new business taxes that they will ultimately be paid by us, the consumers. It’s an indirect tax on us all.
Posted by: AJC | February 26, 2009, 12:20 pm 12:20 pm
I can’t think of anything more anti-recovery than raising taxes by 1 trillion. What could these yahoos possibly be thinking?
Posted by: george h. | February 26, 2009, 12:21 pm 12:21 pm
Slick Willy doesn’t have anything on Obama. Lower taxes a smaller percentage (a lot smaller) than Bush’s tax cut, then let Bush’s tax cut expire.
Net result, an increase in taxes while Obama claiming to give a tax cut.
Posted by: Belitz | February 26, 2009, 12:21 pm 12:21 pm
This was to be expected was it not? We all knew what the majority of Americans voted for.
What worse than these new taxes is the amount of inflation that is going to occur within the coming year because of the money we are printing from absolutely no-where. We cannot create money and throw it at spending projects that will not create lasting jobs especially when the money runs out…
I’m worried about the future
Posted by: Mike from Chicago | February 26, 2009, 12:21 pm 12:21 pm
Ok, so you have nothing to invest in and your portfolio stinks. Start giving WELL over the tithe to the Lord immediately. My fiscal motto is this: Why would I give the Lord of the universe less than I would tip a waiter? We’re talking well over 15% here folks. You’ll get rewarded in Heaven and blessed now on earth. it’s a no-lose deal. Just do it. You’ve literally got nothing to lose!
Posted by: thinknahead | February 26, 2009, 12:21 pm 12:21 pm
Econ guy! I am one of the middle class parents that is working hard. I willing to travel to Washington and dump tea on the mall! We need to organize!!!!!
Posted by: SG | February 26, 2009, 12:21 pm 12:21 pm
That’s the kind of change we are looking for. I read that the federal budget will cost over $11,000 per person. Higher taxes give me the incentive to work more and give it all to the government. They know much better how to handle money than I ever could. Thank you Senate, House, and Mr. President. We just don’t know what we would do with out you. Other than have a whole lot more money in our pockets to help fuel a slowing economy.
Posted by: desert heat | February 26, 2009, 12:21 pm 12:21 pm
CBaratta, that may be true, but the Dollar was still a hard currency back then and the rest of the world was digging itself out from a war.
Compare apples to apples.
Posted by: Lynn | February 26, 2009, 12:21 pm 12:21 pm
Those business tax hikes sure look scary. We ALREADY have the highest business tax rate of any industrialized nation. I see more jobs going overseas by this foolishness.
Posted by: drewinmass | February 26, 2009, 12:21 pm 12:21 pm
Non-millionaire people who watched their personal investments get stolen by a crafty 1% on the top, and then watched that 1% sit on the money and ask for bailouts, are being asked by the government to help pay the extortion money because there is no other choice.
This seems like reverse decency to me.
Posted by: Robert | February 26, 2009, 12:22 pm 12:22 pm
How can anyone who is in their right mind say “awesome” and great?!
How is taxing these people going to make your own life any better? It won’t. People who equate high taxes with prosperity have a lot of learning to do.
Posted by: Steve | February 26, 2009, 12:22 pm 12:22 pm
For the few fools who have posted their approval of this fiasco tax increase, what don’t you understand about who will pay these taxes? Businesses pass all expenses unto their customers – YOU! Just a typical ploy by our new USSA govt. of passing the blame for increases in prices onto businesses while they collect and sqaunder the bounty.
Posted by: Ron | February 26, 2009, 12:22 pm 12:22 pm
Thank You, Dear Leader!
Posted by: Comrad of USSA | February 26, 2009, 12:22 pm 12:22 pm
As usual the effect is going to be exactly the opposite of what the meddlers intend. People with lots of cash (the really rich) are going to be able to buy shares and other financial assets at prices so low they might as well be piles of waste paper. Then Obama and all the people he rode into town with are going to get booted back to Chicago at the next election, share prices will bounce back off the floor and the rich will end up richer than ever. The bankers will benefit from this, from the subsidies Obama is currently handing out, and from commissions on both trades.
Posted by: ZT | February 26, 2009, 12:22 pm 12:22 pm
And what do you think will happen to the price of petroleum products to the consumer? It will not only effect gasoline but many plastics and other products use petroleum.
How will the taxes on individuals stimulate the economy? You think these people will be buying homes and expensive consumer products? Don’t think so.
The workers who produce these items will be collecting unemploment compensation for a long time.
You start to wonder if thats not the plan. Ruin Capatilism and replace it with Socialism.
Beware of the beast!!!!!!!!!!!!!
Posted by: Joe | February 26, 2009, 12:22 pm 12:22 pm
Newsfalsh
Logic 101
Corporations don’t pay taxes, they pass that tax down thru upcharging, or they simply move.
You’ll be whining soon that inflation is out of control.
Tsk, tsk tsk!
Posted by: JJ | February 26, 2009, 12:23 pm 12:23 pm
Posted by: JS | Feb 26, 2009 12:17:46 PM
…Get an education,..the rich already pay over 50% of the taxes! Stop drinking the kool-aid and get informed by facts, not basement logic.
Posted by: Chico | February 26, 2009, 12:23 pm 12:23 pm
@ JS and JC
can’t agree more
this country will have to change to address its needs in a changing world both at home and abroad
let old ideas (Reaganism, Bushism) die with the current crisis the old ideas wrought
and screw the CEOs who sold all of us out – celebrate a new model for business – greener, leaner models of business that change with the times
Posted by: Tad | February 26, 2009, 12:23 pm 12:23 pm
OBANA FOR PRESIDENT.
HOW IS THIS WORKING FOR YOU?
Posted by: tEXAS CAJUN | February 26, 2009, 12:24 pm 12:24 pm
We’re all equal now except some of us are a little more equal.
Posted by: Dave | February 26, 2009, 12:24 pm 12:24 pm
The one nice thing about this, is that as a classical liberal I will have confirmation if my economic theories are correct very soon.
If I’m wrong, great, and I wasted that money on a UVA MBA! Unfortunately, if I’m right, we’re back in 1933, but with a MUCH bigger deficit.
Posted by: thedudicus | February 26, 2009, 12:24 pm 12:24 pm
at some point we are going to have no choice but to put a stop to this insanity.
Posted by: jimbo | February 26, 2009, 12:24 pm 12:24 pm
No where on the ABC website do I hear you reporting that Obama has eliminated Bush’s trick of not including the costs of the Iraq and Afghanistan Wars in the budget, and that Obama includes the cost of another natural disaster like Katrina in his projections. The Obama budget is more transparent and honest than any in recent history. People are gasping because they have never known the extent of the cost of governing this country (and losing money in Iraq to fraud) before. NOT insuring people for healtcare is also expensive, folks, its just you don’t see the cost mentioned on the ABC newssite.
Posted by: Amy | February 26, 2009, 12:25 pm 12:25 pm
Who is watching out for the average American lost in the middle?
I’m an average American fed up with not being heard from, people who want answers from our local and federal governments. Our Country is heading down a path that I don’t know if I want to be part of. I’m sick of it, and I want answers because Our Country Is too Great to let this happen The world is Changing fast and we need to Stop trying to please everyone. As one no body will listen as a group of Average Americans we can stand together and voice are rights for being tax payers
Posted by: Average Americans | February 26, 2009, 12:25 pm 12:25 pm
“There goes my 3 percent pay raise for the year!!”
You ain’t seen nothin yet folks. Just wait until you get a load what they have in store for energy prices with their “energy plan” and EPA regulation of carbon dioxide as a pollutant.
Welcome to serfdom!
You’ll be working 24/7/365 to keep Michelle Obama and Nancy Pelosi in silk underwear and stuffing their faces with caviar.
Posted by: The Republic Is Dead | February 26, 2009, 12:25 pm 12:25 pm
I assume Omentum is being sarcastic…
What fantasy land does Obama live in? Does he not realize that people have choices, and that turning the US into Taxachussetts will cause the more affluent to leave in droves for more favorable locales, cause businesses to cease to invest in the U.S. and instead divert resources to locales with more favorable tax regimes, and de-incentivize the accretion of wealth.
Obama’s policies are turning a recession into a depression at an alarming speed.
Posted by: Chad3337 | Feb 26, 2009 12:16:18 PM
===================================
my opinion is that the uber affluent have been living above their means for far far far too long.
they also set the wrong example for those aspiring to be like them. they probably got to where they are by who they know NOT what they know.
so maybe the reigns need to be pulled on the Donald Trumps of the America to give someone else a legitimate shot at making a living, staying in their home.. keeping their job from being shipped overseas.
the uber-rich CEO’s and company will kill their grandmothers to make a buck and that’s been the status-quo in the business world
Talk about government bad??????
How about all the business scandals in the past 10 years which have done more damage to working families than any government administration…. EVEN OBAMA’S
So please ….. enough of catering to the uber-rich at the expense of the whole nation. They need to suck lemons for a change.
Posted by: Omentum | February 26, 2009, 12:25 pm 12:25 pm
To all those Obama Voters… are you happy now? Or you are singing “If I can take time back… If I can find the way” This is nothing but communism at its best.
Buckle Up! Approximately 1395 days more before it is all over.
Posted by: gary | February 26, 2009, 12:25 pm 12:25 pm
What I truly find fascinating is the revisionism of the left. For the last 6 years, the left has cried loud and long about the deficits of Mr. Bush and how they are destructive to our economy. Yet, now, with Obama we are supposed to just accept 1.75 trillion in deficits, accept new taxation, and call this change. Does not anyone on the left recognize this as tax and spend liberalism? Everyone was told this is exactly what Obama and the Democrats would do. Those brave enough to say it were summarily scoffed at and dismissed by the Obama supporters with such things as “that will never happen”. Guess what? It is happening. We have changed alright to where Americans think tax and spend liberalism is a good thing. We are the road to a liberal generated disaster following a president who is clueless.
Posted by: DrJames | February 26, 2009, 12:26 pm 12:26 pm
I love seeing Republicans running around in a Tizzy. It makes me smile.
Posted by: James | February 26, 2009, 12:26 pm 12:26 pm
This is ridiculous. Lower taxes equals more investments, more spending, and less government intervention. Obama has no idea what the HELL he is doing. He’s raising taxes on the people who hire US. He’s raising taxes on the people who keep US employed. Unbelievably ignorant.
Posted by: GW | February 26, 2009, 12:26 pm 12:26 pm
“Do you guys not realize that we need more taxes? What do you propose we do to the 3 trillion dollar debt we have? Just keep passing it on to our kids and their kids so they can pay the price later? If anyone else has an idea on how to balance the budget and make up 3 trillion, I’m sure barack would love to hear it. Obviously nobody wants taxes, but you have to think about what is necessary for the survival of our country”
Dude, are you freaking serious? How about we just tax everyone at 90%? I’ll bet that just sounds great to you. CUT SPENDING!! That’s how you balance the damn budget you fool. Somehow gov’t always forgets the CUT SPENDING part.
Posted by: K | February 26, 2009, 12:27 pm 12:27 pm
To anyone who thinks the rich don’t pay their fair share of taxes, think again. The top 2% of americans pay over 30% of the income taxes in the country and the bottom 25% of earners pay zero income tax.
Apparently paying zero in taxes is being fair, but taking half of the working people’s isn’t fair enough?
Why can’t Obama just come out and say, I want your money and to control your life.
Posted by: Dave F | February 26, 2009, 12:27 pm 12:27 pm
Elections have consequences.
Posted by: Gary | February 26, 2009, 12:27 pm 12:27 pm
You want to see the economy grow? Then here’s what the idiots in Washington should do:
Eliminate the corporate income tax (there is no such thing anyway)
Eliminate the capital gain tax
Cut individual income taxes by 25%
But we know it’s not about the economy. It’s about control. If the economy sucks, they controls you.
Posted by: Julio | February 26, 2009, 12:27 pm 12:27 pm
I love how all the conservatives are suddenly up in arms about this era of “big spending”. Did you forget already how we got here? Eight years of Republican leadership (6 in the congress)and endless blank check spending. We’re cleaning up your mess, so quit yer whinin’!
Posted by: Short Term Memory Loss | February 26, 2009, 12:28 pm 12:28 pm
President Obama said of the 3.5 million jobs his program would create 90% would be in the private sector. . . that translates to 350,000 more jobs in Government. . .
Not sure that is a good job. . As a goal reducing the deficit to 500 Billion doesn’t seem that great. . .Why doesn’t Government spend no more than it receives?
Let’s help the millions of people who have lost their homes. . .Give more money to the Banks that took them. (and us).
Posted by: DERose | February 26, 2009, 12:28 pm 12:28 pm
Comrad USSA:
I don’t see how this is biased reporting. He is simply stating the facts regarding tax hikes. Somebody has to make this information available. No spin here. The guy obviously won’t last. But how much damage can he do before we throw him out?
Posted by: TDJ | February 26, 2009, 12:28 pm 12:28 pm
Obama’s making Jimmy Carter look like a genius and we all know how that turned out. Can you all say “One and out”?
Posted by: Greg | February 26, 2009, 12:28 pm 12:28 pm
Newsfalsh
Logic 101
Corporations don’t pay taxes, they pass that tax down thru upcharging, or they simply move.
You’ll be whining soon that inflation is out of control.
Tsk, tsk tsk!
Posted by: JJ | Feb 26, 2009 12:23:29 PM
===================================
The remedy is just one policy change away. Stay Tuned
YES WE CAN
Posted by: Omentum | February 26, 2009, 12:28 pm 12:28 pm
I’m wondering who has ever had a paycheck signed by a “poor” guy. This villification of the wealthy, (and NO, I’m not one) is the ultimate culmination of envy- there’s a reason it’s one of the seven deadly sins. I hope that everyone who is in favor of this socialist agenda, realizes that this will do nothing but further create extreme government wealth and power, and leave us ALL in the dust. Redistribution will mean that EVERYONE has less…much less when our economy tanks further. Our liberty is on its way out folks…wake up. The innovation, ingenuity, the American spirit, is disappearing before our very eyes.
Posted by: beth | February 26, 2009, 12:28 pm 12:28 pm
JC wrote: “The sacrifices of the present will be the prosperity of the future. I would rather have my money taxed and put to good use than watch my savings erode away thanks to some Wall Street executive. People need to band together for the common good and sacrifice their money for the Nation so improvements can be made in areas such as health care, infrastructure, and energy independence.”
Wow! How scary is this type of thinking?
Posted by: mike haws | February 26, 2009, 12:28 pm 12:28 pm
This is 1 trillion, which is only $100 billion per year across multiple funding sources. Do you conservatives know what a real tax hike is? You ran congress and spent and cut taxes, brilliant. Keep it coming Drudge.
Posted by: jden | February 26, 2009, 12:28 pm 12:28 pm
Only tax the rich? Seems like the tax hikes on oil companies will affect EVERYONE’S bottom line, whether your rich, middle-class or poor. Can’t wait till August when gas in $8/gallon.
Posted by: mp | February 26, 2009, 12:28 pm 12:28 pm
but he’s the first black president….
Posted by: bu, bu, butttt | February 26, 2009, 12:29 pm 12:29 pm
Is there any of you idiots who voted for Obama that didn’t see this coming? And to those of you saying, “Good. The ‘rich’ deserve to pay more”. Guess what, ‘the rich’ are going to lay off people from their businesses and that may include YOU. You don’t work for a small business? As workers get laid off, other businesses will be affected, and then, yes, YOU will lose your job. To those of you who voted for Obama (that currrently work for a living–not those of you who never worked), you are going to get exactly what you deserve.
Posted by: California conservative | February 26, 2009, 12:29 pm 12:29 pm
texas is gonna get screwed here big time i see all the shops who make parts and suppliers of oil drillers fixing to take a bump since i do work for these people and they wont make it i guess hes mad at us for not being a broke democratic state like mich,ohio and the other dem states hes trying to raise oil prices to make it be the same price as green energy breaking the backs of every one hes a failed policy president
Posted by: david reyes | February 26, 2009, 12:30 pm 12:30 pm
Why do people not realize that these programs will dramatically increase energy costs for everyone? This will in effect be a huge tax to anyone driving a car or heating their home.
Posted by: Phil | February 26, 2009, 12:30 pm 12:30 pm
I take it my parents were wrong about money not growing on trees. Can somebody point me to the tree it is growing on so I can grab some?
Posted by: Tom | February 26, 2009, 12:30 pm 12:30 pm
Obama is right….why should people who work hard get to keep the fruits of their labor……Government knows best….NOT
When is the tea party going to start???? I want in on that too
Posted by: TheJanitor | February 26, 2009, 12:30 pm 12:30 pm
Revolution?
Posted by: Adi | February 26, 2009, 12:30 pm 12:30 pm
The reason we’re in this fiasco is because the rich got out of paying taxes for so long. They need to be brought down to everyone else’s level. Personally, I’d like to see every dime of income over $250,000 taken in taxes and businesses should have profits over a certain amount taken as well. We middleclass and poor have been stiffed for two long. Thank goodness we have a President who’s ready to take a stand.
Posted by: JS | February 26, 2009, 12:30 pm 12:30 pm
“Oh yeah, when did ABC become a neoconservative wag? This Tapper guy is the new Hannity.”
So, reporting on the facts about the new tax increases makes Tapper a neoconservative?
Posted by: sydneyjane | February 26, 2009, 12:31 pm 12:31 pm
Chico-
You are el Stupido!
The higher tax on those that produce causes those that need to suffer.
It’s simple.
This crisis is because banks bought bad assets from companies that were forced to loan under a mandate that was brought to us by Jimmy Carter, another idiot. And that plan was thought to elevate the average american through the pride of owning their own home. What a dumb idea. Being able to afford your home should be the source of pride.
Atlas will shrug and everyone should hold on, because it’s going to hurt.
Posted by: JJ | February 26, 2009, 12:31 pm 12:31 pm
Omentum-
Do you really put someone making $250K in the same league as Donald Trump?
Your class envy is appalling. This is America. If you want to be the next Donald Trump, do it. No one is stopping you. Don’t begrudge the people who make a success of themselves because you choose not to.
Posted by: ctmom | February 26, 2009, 12:31 pm 12:31 pm
“HOW IS THIS WORKING FOR YOU?”
Got Chaos?
Got Poverty?
Got Despair?
Got Obama!
you owe sixteen tons and what do you get, another day older and deeper in debt, St. Peter don’t you call me cause I can’t go, I owe my soul to the govmint store
Posted by: The Republic Is Dead | February 26, 2009, 12:31 pm 12:31 pm
Obama is a pig and so are the rest of you idiots that think this is good.
Your children are now slaves.
Posted by: Lynn | Feb 26, 2009 12:19:10 PM
==============================
Good. They need a little discipline in their lives. They are just spoiled rotten.
Posted by: Omentum | February 26, 2009, 12:31 pm 12:31 pm
I want to pay 100% taxes in tribute to our great leader.
Posted by: Paul | February 26, 2009, 12:31 pm 12:31 pm
Good….I will fire 3 people this month to pay for the new business taxes…I am now even.
Posted by: Jake | February 26, 2009, 12:31 pm 12:31 pm
Shut up guys! This is really hard, I’m doing the best that I can!
Posted by: Barak Obama | February 26, 2009, 12:31 pm 12:31 pm
Yes, but….he has such CHARISMA!
Posted by: the Dude | February 26, 2009, 12:32 pm 12:32 pm
EVERYONE READ ATLAS SHRUGGED BY AYN RAND TODAY!!!!!!!!!!!!!!!!!!!!!
Posted by: SG | February 26, 2009, 12:32 pm 12:32 pm
Who didn’t know the Commander in Chief was going to begin his War on Employers?
It’s the spending, spending, spending that got us into this mess! The liberal answer? Spend MORE, now without even the threat of veto.
Now to replay those campaign quotes of a fiscally prudent, tax-lowering, spending-reducing, pay-go Obama. Shame on anyone that believed him.
Posted by: David | February 26, 2009, 12:32 pm 12:32 pm
I still can not believe the blind followers of Obama. I hate to be mean, but I have to be honest. Some of you people, like Amy below, are either extremely stupid or just wont admit the truth.
Obama just doubled the defecit. He’s lied about ear marks. And HELLO! What the hell do you people think is going to happen when corporations and the “rich” get their taxes raised? THEY PASS THEM ON TO YOU!!!!!! How hard is that to understand. Wow some of you are just plain idiotic.
All you know about Obama is speeches and you blindly back everything he says because he says it in a good manor. Think for yourselves morons.
Posted by: chuckj | February 26, 2009, 12:33 pm 12:33 pm
The rapid movement toward class warfare is both dangerous and counterproductive. The American dream is what drives us to work as hard as we can to one day achieve prosperity. What is it exactly that makes people so evil once they achieve the dream? Apparently once you cross $250K, you’ve crossed over to the dark side. What about that way of thinking is logical?!? It isn’t. It’s envy and lust, plain and simple.
Posted by: m1 | February 26, 2009, 12:34 pm 12:34 pm
If I had a company and some money, I would move all that I could out of this country as soon as possible. This country is taxing businesses more than any other country in the world. Hello Michigan, California. See how many more jobs are being produced with this kind of thinking!!
Posted by: E. Hutch | February 26, 2009, 12:34 pm 12:34 pm
all this and now Sheryl Crow wants radio stations to pay her when they play her songs.
Posted by: n8txn | February 26, 2009, 12:35 pm 12:35 pm
Hey Amy,
If we moved to more of a free-market based health care system, costs would come down. That’s why they are so expensive now, sugar lips, because government has been encroaching slowly and steadily for the past 40 years, similar to the mortgage market. Then, when this government interference causes havoc, the liberals declare free market solutions failures and impose MORE government.
Posted by: da man | February 26, 2009, 12:35 pm 12:35 pm
WOW… the rich have to go back to tax levels they had when Clinton was in office! Oil companies, who now make 10 billion in profits every quarter (3 months) now will only make 9. What are you people complaining about???
Posted by: Rich | February 26, 2009, 12:35 pm 12:35 pm
Hand out the Arms and Ammo because there’s something in the air. We got to get together sooner or later because the Revolutions here. And you know that it’s right.
Thunder Clap Neuman was right
Posted by: Rich | February 26, 2009, 12:35 pm 12:35 pm
Time to Shrug.
Posted by: D. Marshall | February 26, 2009, 12:35 pm 12:35 pm
I like the guy who said it’s only 100 BILLION a year. He and Joe Biden ought to get together and make half a brain.
Posted by: Mike | February 26, 2009, 12:35 pm 12:35 pm
Look at all these Rush Limbaugh,Fox news, Drudge report, Right Wing nuts going off the Deep End! hahah lololol Now you Know how we Felt for 8 Long years with Bush.Its about Time the Top Wealthy pay their Share, We the Middle class have Been Paying for so long were Getting wiped out!While the Rich got off easy. Go President Obama oh and wing nuts Calm down it will be Ok!
Posted by: Angie in PA | February 26, 2009, 12:36 pm 12:36 pm
Nice racism there, George…
Oh and this is ridiculous, “It has been shown time and time again that when you the government raises taxes, tax revenues go down.”
Huh? Maybe we should lower taxes to zero, then the treasury will be booming… just more republican failed math!
Posted by: Mike | February 26, 2009, 12:36 pm 12:36 pm
No one EARNS millions of dollars. Basically anyone whose income is in the millions benefits from the labors of others who make much less. We have a system that can be GAMED which results in an unfair distribution of wealth. I have no problem with greater wealth going to those whom make a greater contribution but there is a huge disconnect in wealth vs real contribution. Taxes are one simple way to correct this obvious corruption.
Posted by: Igor | February 26, 2009, 12:36 pm 12:36 pm
Why not start with suspending all aid to foreign countries? There is no reason in my book to pump millions or billions into other countries (i.e. Pakistan) when that money would eliminate a huge portion of the debt. Taxing people even more when they are struggling as it is, is not the way to handle this. STOP SPENDING!!!
Posted by: Paul | February 26, 2009, 12:37 pm 12:37 pm
To anyone who voted for Obama – I blame you!!! You all were duped by speeches, by style and no substance!! Bow your heads in shame! This will all be your fault! We won’t forget!
Posted by: Obama, the second coming | February 26, 2009, 12:37 pm 12:37 pm
Posted by: Short Term Memory Loss | Feb 26, 2009 12:28:05 PM:
“I love how all the conservatives are suddenly up in arms about this era of “big spending”. Did you forget already how we got here? Eight years of Republican leadership (6 in the congress)and endless blank check spending. We’re cleaning up your mess, so quit yer whinin’!”
I am so sick of hearing this incredibly stupid ‘arguement’. Guess what…DEMOCRAT and REPUBLICAN politicians got us where we are…right now, this HUGE amount of the AMERICAN PEOPLE’S money is being raped by the Democrats alone…and that is the argument you come up with????? Even if you want to place the blame exclusively on the Republicans, does making our situation worse fix anything?!?!?
Open your eyes Americans!!! Start reading something than what the MSM is feeding you!
This is not the change I signed up for!
Posted by: pleasetryandgetit | February 26, 2009, 12:37 pm 12:37 pm
A government big enough to give you everything you want, is strong enough to take everything you have.
- Thomas Jefferson
In my many years I have come to a conclusion that one useless man is a shame, two is a law firm and three or more is a congress.
-John Adams
I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle.
- Winston Churchill
A government which robs Peter to pay Paul can always depend on the support of Paul.
- George Bernard Shaw
Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And, if it stops moving, subsidize it.
- Ronald Reagan
If you think health care is expensive now, wait until you see what it costs when it’s free!
- PJ O’Rourke
If you don’t read the newspaper you are uninformed, if you do read the newspaper you are misinformed.
- Mark Twain
Posted by: Scott | February 26, 2009, 12:38 pm 12:38 pm
So how many of you conservative nuts actually make over $200,000. If you did, you wouldn’t think it such a big deal to pay a little more. Time and again, conservatives argue against their own self interest.
Posted by: bibby | February 26, 2009, 12:38 pm 12:38 pm
“C. Barratta:For all those uninformed in American history, the 20 years of arguably our greatest growth (50s and 60s) were accompanied with a NINETY PERCENT (yes, 90%) marginal tax rate on the highest income bracket”
Baratta, this is correct and also uninformed. This worked because every other industrialized nation was DESTROYED during WWII. We rebuilt them with our steel, plastic, and glass. Once they got on their feet in the early 60′s they began kicking our butt and Kennedy lowered taxes to more reasonable rates to get out of a recession. Then they continued to kick our butt, which is why the 70′s were a lost decade, ending in the disaster that was Jimmy Carter.
Thus begat Reagan and the 80′s-00′s boom.
Posted by: thedudicus | February 26, 2009, 12:38 pm 12:38 pm
wait…i did not see Octo-Mom’s handout
Posted by: n8vetxn | February 26, 2009, 12:39 pm 12:39 pm
Did you not realize this is the great equalizer? The revolution has begun. We are moving into phase one – socialism. We are eliminating the upper class and redistributing wealth down to the lower class. We are creating one class and replacing the upper class with government. The state will now control the means of production. The state will control capital, the banks, means to acquiring money through loans, creation of jobs, infrastructure, production will be regulated – through cover stories such as environmentalism, global warming, trade caps, etc. Forget Lenin and his violent overthrow of capitalist regimes. We’ve worked from within. The state controls everything. A strong national government controls education and soon healthcare. Is there anything else? Oh yes. State government. Through this stimulus plan, states will beg the national government to bail them out and will do so through strings attached. Those holding out only do so at their peril. They prolong the inevitable. Socialism is here. It will allow final purging of the last vestiges of capitalism to take us to our beloved communist utopia. Long live the revolution.
Posted by: Karl | February 26, 2009, 12:39 pm 12:39 pm
We should pass legislation so that businesses can’t aly people off or send jobs overseas to get out of paying taxes.
Posted by: JS | February 26, 2009, 12:39 pm 12:39 pm
M1:The rapid movement toward class warfare is both dangerous and counterproductive. The American dream is what drives us to work as hard as we can to one day achieve prosperity. What is it exactly that makes people so evil once they achieve the dream? Apparently once you cross $250K, you’ve crossed over to the dark side. What about that way of thinking is logical?!? It isn’t.
=============
Exactly.
The number $250,000 is completely arbitrary. It is the number candidate Obama chose to set his policy around. It’s dismaying to see so many people then adopt that number as some legitimate gateway to being “wealthy”.
Here’s the thing: If he can get people to believe it about $250,000, he can get people to believe it about any other number. As long as their are fewer people over his target income level than there are under it, he can get people to see them as the “other”- the rich and greedy, who don’t want to pay their fair share.
If he started defining wealthy as $200,000 or $150,000, who would argue? It sure sounds like a lot of money.
Posted by: MayBee | February 26, 2009, 12:40 pm 12:40 pm
Re: “Angie in PA: Look at all these Rush Limbaugh,Fox news, Drudge report, Right Wing nuts going off the Deep End! hahah lololol Now you Know how we Felt for 8 Long years with Bush.Its about Time the Top Wealthy pay their Share, We the Middle class have Been Paying for so long were Getting wiped out!While the Rich got off easy. Go President Obama oh and wing nuts Calm down it will be Ok!”
————————————-
You are a moron. The middle class IS going to pay for this. Confiscating 100% of the uber-rich’s income would only cover half of Obama’s spending plans. Where do you think the rest of the $$ is coming from?
Open your eyes. You have been lied to for so long now, you think Obama is telling the truth. Welcome back, Carter!
Posted by: Scott in VA | February 26, 2009, 12:40 pm 12:40 pm
It’s so great to see an intelligent President that is actually doing something positive. All these rush-listening idiots on here need to realize that it took us years to get into this mess and it will takes years to get out. So turn off sean insanity and listen to something intelligent for the good of your country.
Posted by: pt | February 26, 2009, 12:40 pm 12:40 pm
In the past when the tax rate was excessively high, there were loopholes in the tax code so that the wealty didnt pay nearly that rate. When Reagan was in office, the tax rate was lowered but those loopholes closed.
Posted by: Steve | February 26, 2009, 12:40 pm 12:40 pm
No one EARNS millions of dollars. Basically anyone whose income is in the millions benefits from the labors of others who make much less. We have a system that can be GAMED which results in an unfair distribution of wealth. I have no problem with greater wealth going to those whom make a greater contribution but there is a huge disconnect in wealth vs real contribution. Taxes are one simple way to correct this obvious corruption.
Posted by: Igor | Feb 26, 2009 12:36:52 PM
________________________________________
And who created all those jobs? The guy w/ the millions to begin w/ who risked his money to create a business. Or, in many m ore cases, a poor guy who worked hard, risked everything he had, and through dedication to task, was able to build a big business that eventually employs lots of people. You’re telling me those people aren’t allowed to benefit from this?
Posted by: Obama, the second coming | February 26, 2009, 12:40 pm 12:40 pm
YAY politics of envy! Hope! Change! Unicorns!
Posted by: Noel | February 26, 2009, 12:40 pm 12:40 pm
I worked very hard, in school and in the workplace. I invested in my own future and my own drive to be successful. For those making 250k, realize that’s before actual ‘take home pay’ which already means it’s reduced by 30-40% in taxes. On top of that, the hard work, effort, and realizations of my own dreams means now that the government and others can profit off of my hard work by taking away more of what I worked so hard to get to begin with. I’m being punished for being successful. I’m successful at great personal expense (in terms of time and costs like school), and my reward for those efforts is to take more of what I earned away from me to give to everyone else.
Entrepreneurs, small businesses, and innovators will be hurt… and those are the people that help others through ideas, innovation, and employment. Why punish them?
Posted by: Anti-Socialist | February 26, 2009, 12:41 pm 12:41 pm
“Thus begat Reagan and the 80′s-00′s boom. ”
You do realize what caused that “boom” don’t you? Massive government deficit spending!
Posted by: Mike | February 26, 2009, 12:41 pm 12:41 pm
Angie, Your plan assumes the rich will continue coming to the same bar where they are asked to pay everyone elses tab.
You better hope they don’t decide the land down under is a better place to conduct business.
Go take an economics class
Posted by: jmc | February 26, 2009, 12:41 pm 12:41 pm
Tax increases lead to inflation. Why?
Ummm..No Company pays taxes. None.. Not even private business and small businesses. Why?.. ECON 101. Taxes are and expense to the company of doing business. They adjust for this expense by raising the price of there goods or services… Thus the consumer is the one paying the taxes.
Posted by: CPK | February 26, 2009, 12:41 pm 12:41 pm
Take from the doers, give to the non-doers. Makes sense to me.
Posted by: Dean Patterson | February 26, 2009, 12:41 pm 12:41 pm
JC wrote: “The sacrifices of the present will be the prosperity of the future. I would rather have my money taxed and put to good use than watch my savings erode away thanks to some Wall Street executive. People need to band together for the common good and sacrifice their money for the Nation so improvements can be made in areas such as health care, infrastructure, and energy independence.”
*************
JC:
Very few people will ask, “What does does Larry mean?” when I say I don’t understand how you think.
Posted by: Larry Croft | February 26, 2009, 12:41 pm 12:41 pm
Explain how $250,000/year is rich? My wife and I incurred great debt to get our doctoral degrees. We make good money, but we have a lot of debt to pay back. We have a child to take care of, we are fiscally responsible, we have a nice house (but not a huge mansion), we invest toward retirement, we tithe 10% to church and charities, etc. Why should we get punished for getting more education and working for what we get?
Posted by: Brent | February 26, 2009, 12:41 pm 12:41 pm
Omentum-
Do you really put someone making $250K in the same league as Donald Trump?
Your class envy is appalling. This is America. If you want to be the next Donald Trump, do it. No one is stopping you. Don’t begrudge the people who make a success of themselves because you choose not to.
Posted by: ctmom | Feb 26, 2009 12:31:10 PM
=============================
I strive everyday to make as much money as I can for my family. Let’s not get it twist my friend. I am not typing this in PJ’s at home on the sofa. I am on my lunchbreak!!!!
But what I hate is for money being equated with power and these folks have the world eating out of their hands.
These are also the folks who will shoot their mother to get ahead in their careers. Moral are out the window.
The “good guy” can’t make it to that level because they basically have to sell their soul to the devil.
Like the CEO’S shipping jobs overseas just so they can keep up with the other “ivory tower” CEOs
It has set a bad precedent. EVERYBODY CANT, NO MATTER HOW HARD THEY TRY, TO BE RICH …. LEGALLY. Look at Madoff and all the madoff-lites on the run now because they swindled folks.
I don’t make anywhere close to 250k but I give at least 10k to charity each year.
Just imagine if all the money grubbing grandma killing uber rich would follow that percentage.
We would have no financial problems in this country.
Posted by: Omentum | February 26, 2009, 12:41 pm 12:41 pm
Remember the debate on ABC where Charles Gibson pointed out that Clinton cutting captial gains taxes resulted in higher revenue and Obama replied “that’s true, but raising rates is done in the name of fairness”. When you need a job, go and apply to the one where you see the sign “going out of business”. It may not be healthy for the economy but at least we know the business would have payed higher taxes had it not gone out of business!
Posted by: Chuck | February 26, 2009, 12:42 pm 12:42 pm
Remember, people won’t voluntarily forfeit their rights if everything’s swell. The democrats NEED this crisis, and they know they only have 2 years to accomplish their goals of transforming America into a socialist nation. So the worse things are, and the faster it all falls apart, the better! Why else do you think they are continually “talking down” the economy? It’s not by accident.
I mourn all those who died fighting communism in the Great War, only to have their ignorant, spoilt grandchildren lose the battle by voting in these clowns.
The only question, now, is which state will be the first to declare secession from the USoA and how quickly can I move there?
Posted by: Jon | February 26, 2009, 12:42 pm 12:42 pm
If this goes through, we’ll reverse illegal immigration and start heading south in search of a better life.
Posted by: Ken P. | February 26, 2009, 12:42 pm 12:42 pm
who is john galt?
Posted by: bob | February 26, 2009, 12:42 pm 12:42 pm
Omentum, did I see you at Obama’s news conference asking for a handout? Well, US can officially put up the banner, ‘welcome to Loserville’..
Yeah O supporters, when the reality of what you have created sets in by voting this man in, the super-rich will have relocated and left you in this second-class with nothing to look forward to. Do you believe you will have Dr’s wrking their a$$ off to provide you the best care? If you are complaining about not getting through the unemloyment lines, that’s nothing compared to the world of nothings you’re about to create. I for one will be leaving this country within the next 3 yts and let me just remind all of you rooting for equality—IT WILL NEVER HAPPEN, but whatt will happen is the Upper Class–O and Pelosi, Reed sitting on their mountain on your tx $$’s and the utterly poor, always waiting for the next handout..’Oliver’ comes to mind saying, ‘Could I have some more please?’ THE MIDDLE CLASS WILL BE NON-EXISTANT! Good luck waking to ur reality…this is only the first 35 days..what happens when the unexpected happens? God help us!
Posted by: Cali | February 26, 2009, 12:42 pm 12:42 pm
From the comments it seems like people want to storm the houses of corrupt CEO’s who destroyed our economy and tell them, “We’re very angry with you! We want to lower your taxes!!”
The rich don’t need any help from us. With money comes power, and they’ve got plenty of it on their own… they dont’ need your support… especially not after they destroyed the economy…
Posted by: Mike | February 26, 2009, 12:42 pm 12:42 pm
It’s so great to see an intelligent President that is actually doing something positive. All these rush-listening idiots on here need to realize that it took us years to get into this mess and it will takes years to get out. So turn off sean insanity and listen to something intelligent for the good of your country.
Posted by: pt | Feb 26, 2009 12:40:10 PM
_______________________________________
How is raising taxes on all of us – either directly or indirectly (you think these companies are going to pay these taxes out of the goodness of their heart w/out raising prices? Hah!) “good” for my country?
Posted by: Obama, the second coming | February 26, 2009, 12:43 pm 12:43 pm
Notice how the media keeps trying to portray Obama as Lincolnesque, with all these comparisons? Hmmm, didn’t Lincoln say that you can’t enrich the poor by impoverishing the rich?
Posted by: Noel | February 26, 2009, 12:43 pm 12:43 pm
In one year, Obama will have run up a deficit equal to all of the George W Bush deficits *COMBINED*, based on the Congressional Budget Office potential predictions.
That’s real CHANGE.
Posted by: John | February 26, 2009, 12:43 pm 12:43 pm
this is absolutely biased and it’s not “just stating the facts” by any means. First of all, over half of these alleged “new” taxes are not new at all, they’re repeals of bush tax era tax cuts. If the argument is that as a nation we will be paying more taxes under the Obama plan, the article fails to mention any changes to the existing taxes, nor does it mention any of the tax cus/credits for individuals making under 250,000. Also, by businesses I assume we’re talking about large corporations (i don’t think the pizzaria at my corner is going to be hit too hard by the increase in geological and geophysical amortization.) so any tax relief for small businesses is also left out of this article.
Posted by: Daniel | February 26, 2009, 12:43 pm 12:43 pm
Did you forget the tax on utilities for thier carbon emissions which they will pass onto you. Obama was smart and said if you make under 75k you can right it off. Wait, does this mean a tax increase for those making only 75k. Obama, tell me it isn’t so. Are you just another liar of a politician.
Posted by: Jack | February 26, 2009, 12:43 pm 12:43 pm
I think I have the answer. Tax all Advertising more, especially the ones you have to listen to or watch on the internet in order to see what you really want to see. Advertising will never stop so this is the Answer, someone tell the President…
Posted by: pt | February 26, 2009, 12:43 pm 12:43 pm
My poor recently retired parents. They had all their money in those conservative options like they were supposed to, but they’ve still lost almost half of their retirement savings in this market.
This will no doubt keep the markets down for at least a few more years, and means they’re going to try to have to find some kind of work again in a down economy.
I’m even more scared for them if inflation starts to kick in as a result of all this borrowing/money-printing going on.
What the hell man. Hope and change for someone else, I guess.
Posted by: Sean | February 26, 2009, 12:44 pm 12:44 pm
Ok guys…. Hold on it’s just gonna get worse!!! But how many of us have sat by while these guys in Washington have given our country away, pilfered your hard earned dollars to support irresponsibility,destroyed our education and dumbed down our kids!!!!! We need to vote every Senator and Congressman OUT! Vote for no one who is in the good boy network! Dems and Repubs …it’s our only chance…this country was meant to be led by the people not career politicians who line their own pockets on the backs of the people!!! Are we brave enough to do this? Or are we tied to our political ideologies that have brought our country to this point! Wake up they are all in bed together!!!
Posted by: lyn | February 26, 2009, 12:44 pm 12:44 pm
Finally! The selfish, simple-minded policies that are the off-spring of Reaganomics are coming to their rightful demise. Let’s bury them.
Posted by: Ben Franklin | February 26, 2009, 12:44 pm 12:44 pm
“So how many of you conservative nuts actually make over $200,000. If you did, you wouldn’t think it such a big deal to pay a little more. Time and again, conservatives argue against their own self interest.”
Utterly irrelevant! A person making more than $200,000 is no more or less entitled to keep the product of their labor than someone earning less. To argue otherwise it to argue for one form of slavery or another.
Unfortunately you’re so consumed with and blinded by your petty envy of those who have more than you that you don’t see the dangerous road you’re ushering us all down.
Posted by: The Republic Is Dead | February 26, 2009, 12:44 pm 12:44 pm
Hey Newsflash – here is a flash for you. We don’t need to raise cash – we need to stop spending!!! This well of taxing the rich is finite – there is only so much that can be done here. Yet in just the last month our govt has tripled our dept by pork spending. Stop the spending and end all the unconstitutional federal programs and maybe we can do something I have to do every month – balance the checkbook. And the moral of that story needs to be understood on BOTH sides of the aisle in Congress.
Posted by: amazed | February 26, 2009, 12:44 pm 12:44 pm
Bigger, better and more taxes!!
Now there’s change you can believe in.
Posted by: Paul | February 26, 2009, 12:45 pm 12:45 pm
Obama and this radical left wing leadership of the Democratic party are a major catastrophe for America. The only jobs that will be created are more people working for the government because the private sector when they figure this agenda out will be totally disheartened and stop creating new jobs. We went from bad, Bush & the out of control Republicans who spent like Democrats to worse, Obama and these crazy Democrat radicals who lie about their socialist big government agenda.
Posted by: steve spelling | February 26, 2009, 12:45 pm 12:45 pm
So how many of you conservative nuts actually make over $200,000. If you did, you wouldn’t think it such a big deal to pay a little more. Time and again, conservatives argue against their own self interest.
Posted by: bibby | Feb 26, 2009 12:38:26 PM
_____________________________________
Do you NOT understand that we ALL WILL PAY FOR THIS? What about trickle down do you not understand? What about higher gas prices do you not understand? What about sky high food prices do you not understand? This is a financial disaster!! You raise taxes on a business, that employs AMERICANS,..you either have to raise prices to stay afloat or you move over seas!! I’m sure your “smart” senator who helped create this financial mess while a sitting senator knows full well what he’s doing to America. Everyone who voted for Obama will feel the pinch more then those who have an opportunity to move….wait and see.
Posted by: Tim | February 26, 2009, 12:45 pm 12:45 pm
Our Looter-in-chief just guaranteed us that a recession will become a depression — and a hyper-inflationary depression at that, which is the worst of all possible worlds.
I hope all you Obama supporters enjoy your time in the soup line, if you can find one.
Posted by: Michael Smith | February 26, 2009, 12:45 pm 12:45 pm
Oh such a bunch of Cry-Babys. Lets help the guy. Don’t throw stones at him.
Posted by: Pappadeaux | February 26, 2009, 12:45 pm 12:45 pm
The founding father’s never intended the american dream to be a bunch of greedy rich people hoarding money and making the poor and middleclass pay their way. If “all men are created equal” then obviously the idea is to redistribtue wealth so that those of us not born into a life of privilege can pursue happiness.
Posted by: JS | February 26, 2009, 12:45 pm 12:45 pm
Mike,
NAACP: National Association for the Advancement of Colored People?
Shouldn’t they change the name of this organization?
Posted by: George A | February 26, 2009, 12:46 pm 12:46 pm
that $250,000 figure is household income. so if you and your spouse are reasonably successful and earn that combined, congrats — you just got hosed. hope all that education, hard work, struggle, and sacrifice were worth it. punished for success — that’s the Democrat way!
i love it, tax the rich, tax the corporations. the rich are not stupid, thats why they’re rich, and you’re just a miserable sucker. they’ll shelter their money, they always do. corporations will just raise the cost of goods and services, passing their tax increase on to you, useful idiots. that and the fact that we’ve printed a couple trillion dollars in the past few months, should make the USA a real treat to live in these next few years. hopefully we can start to turn it around in 2012.
Posted by: Marty Man | February 26, 2009, 12:46 pm 12:46 pm
I just made $248,000 this year. Now I can stop working. Sweet.
Posted by: waldo | February 26, 2009, 12:47 pm 12:47 pm
“The problem with socialism is that you eventually run out of other peoples’ money.” – Margaret Thatcher
Posted by: Clarity2009 | February 26, 2009, 12:47 pm 12:47 pm
“Increase taxes on people making more than $250,000.” Really we are also talking about increasing taxes on many privately held businesses. LLCs and S Corporations pay taxes at the personal level. The people who are the shareholders’ see the income and the taxes on their personal returns. This is an effective increase of corporate tax rates on privately held businesses organized as S corps and LLCs. This guy is a clueless socialist.
Posted by: WFC | February 26, 2009, 12:48 pm 12:48 pm
president obama has been in office right at a month and the Republicans are already blaming him for everything. Where were they when the republicans had control of the White House and both the House and Senate. Do they really thank they did a good job with Bush in control? President Obama took over this debit he did not make it Bush did and his thug Republican party that was in control. Answer this question America thak back to President Clinton were you as a person better off then or when Bush was in Office. How was your 401k when Clinton was in office and how is it now thanks to bush and his reat Ideas.
Posted by: Patrick | February 26, 2009, 12:48 pm 12:48 pm
First it started with the Boston Tea Party, then the spark was struck and the rest is history. Well the Tea Party is about to start. What next? Let history be your guide.
Posted by: bill thurston | February 26, 2009, 12:49 pm 12:49 pm
Here’s an experiment: let’s apply Obama’s economic principles to college and high school grades. Let’s take points away from the ones that score the highest, you know, the greedy ones that horde all the straight A’s? Then lets knock those 4.0′s down to 3.0′s so the lazy kids can bump their averages up. Then when these college and high school kids get their report cards, let’s call it the “Academic Stimulus Package” brought to you by Obama. Then let’s hold a mock election and see if Obama can garner more than 20% of the vote. Chances are, the lazy, and uninformed kids will vote for Obama. The smarter kids will wonder why they put those Obama bumper stickers on their cars.
Posted by: Noel | February 26, 2009, 12:49 pm 12:49 pm
I so thankful my government has been stimulated and grown larger because of it…now they can take care of my car payments,.house payments, medical bills,…and I won’t need to work…cause it’s all free now….
Happy Daze.
Posted by: WBOB | February 26, 2009, 12:49 pm 12:49 pm
Countries with the Highest Quality of Life
1 Norway
2 Sweden
3 Canada
4 Belgium
5 Australia
6 United States
7 Iceland
8 Netherlands
9 Japan
10 Finland
11 Switzerland
12 France
13 UK
14 Denmark
15 Austria
Source: BBC
Amazing!! America the so called richest country in the world not even rank in the top 2 in offering it CITIZENS the best quality of LIFE.
And you can chalk that up to
Poor healthcare..where the insurance companies benifits and NOT the citizen.
Those country that outrank America do have UNIVERSAL healthcare and it seems to work just fine for its citizens.
And for the detractors.. if Universal Healthcare didn’t work for these Countries dont you think its CITIZENS would RIOT and act up for it to change.
America is NOW cathing up to 21 century type policies ,Too bad we had to waste 8 yers in doing so
Education : Well where do i begin, OUTDATED crumbling buildings and lack
of quality teachers.. because it doesn’t PAY well And also lack of learning supplies for the classroom.
Also NOT much of Social programs and SAFETY NETS that put citizens in a position to live a quality life they deserve.
POVERTY BREEDS CRIME.
Those Countries that outrank America have a LOW crime rate.. because they provide the safety nets for its citizens, And that prevent many desperate people from going out and doing desperate things to survive.
e.g A mother going out and shoplifting diapers and food for her kids.
Afterall the past 8 years was everyman for himself under president Bush, unless if you were a billionare company that needed a handout or rich.
Posted by: sean | February 26, 2009, 12:50 pm 12:50 pm
I am John Galt.
Posted by: John Galt | February 26, 2009, 12:50 pm 12:50 pm
I think the answer is to work for Obama’s team… apparently not paying ‘their fair share’ in taxes for years is an important qualification.
Let’s start with the folks in Washington paying their taxes before we screw the law abiding citizens over even more.
Posted by: Tax Man | February 26, 2009, 12:51 pm 12:51 pm
Hey guys and gals, you all need to look at the bigger picture, which our Dearest, Greatest, Smartest Clueless Leader has planned for us.
When we have a society in which there is no material needs, no crime, no “money”, your unnecessary concerns are all immaterial. PB0 is the one leading us to this perfect society, of course, with the insightful guide of Stevie Wonder.
Posted by: kat | February 26, 2009, 12:51 pm 12:51 pm
I’m going to be lmao when all of us who work EXTREMELY hard to be successful say it isn’t worth it to work like this and drop out or leave. What will these morons do when there are no more “rich” people to tax??
This administration is dismantling the things that made this country great. We are creating a growing welfare state and entitlement class. Very sad.
As for the people that think “rich” people don’t pay taxes. I have news for you – most who make in the $250K range pay 40% of income in taxes. I know this because I am one of these people.
Educate yourself before it is too late!!
Posted by: spiffdeb | February 26, 2009, 12:51 pm 12:51 pm
The founding father’s never intended the american dream to be a bunch of greedy rich people hoarding money and making the poor and middleclass pay their way. If “all men are created equal” then obviously the idea is to redistribtue wealth so that those of us not born into a life of privilege can pursue happiness.
====================================
You dont have a clue what our founding father had in mind. “The Constitution only guarantees the American people the right to pursue happiness. You have to catch it yourself.” Ben Franklin
All men were created equal, if you dont like your position in life get off the couch and work hard to make something of it.
Posted by: Heath | February 26, 2009, 12:51 pm 12:51 pm
Here is one conservative who is glad they are increasing taxes on those who make over $250,000. Why not?
I do wish the dems would drill for oil and build more refineries though. Nuke plants are also needed. I hate the home bailouts for all the fools who make $26,000 and still bought homes that cost $485,000 and had adjustable mortgages. Thanks Barney Frank for screwing up the country.
Posted by: Shawn | February 26, 2009, 12:52 pm 12:52 pm
Obama has been a total disaster so far-and it’s only been a little over a month. He’s going to bankrupt this country. And no, I’m not defending Bush’s spending either. But Obama is much, much worse.
Posted by: otter | February 26, 2009, 12:52 pm 12:52 pm
Omentum you are blinded by your envy. You should go to church or something.
Not every wealthy ( over $250K) person got there by cheating a poor person. My husband started stocking shelves and worked his way up to the point where we can afford for me to stay home and take care of our kids. How dare you impugn his integrity? There are some bad CEO’s, and celebrities, and politicians and atheletes. The list goes on. There are also some good ones, so should all wealthy people be thrown in the same category because a small minority of them are bad? Grow up.
There will always be someone richer than you and even more that are poorer. Get off your high horse.
Posted by: ctmom | February 26, 2009, 12:52 pm 12:52 pm
Just a note. Due to the minimum wage increases, July of 08 and the one in July of this year, my business has lost 8 service contracts. This will be a total of 109 lay-offs for my business. Thats 109 people that do not earn minimum wage, but whose pay must be ajusted as per minimum wage increases as per goverment contracts. Thats 109 people whose average hourly pay is/was 15.74 hr. Thats 109 people that are just about ALL DEMOCRAT! Thats 109 people that will blame Bush. Thats 109 people who will continue to vote Democrat. Thats 109 people who are or will soon be unemployeed. Lets all thank the Democratic Party and Nancy Pelosi and Obama…..
Posted by: Jeff | February 26, 2009, 12:52 pm 12:52 pm
“The only things certain in life are death and taxes.” After seeing President Obama’s tax scheme, I look forward to death!
Posted by: Ben Franklin | February 26, 2009, 12:53 pm 12:53 pm
To Daniel:
What school did you go too??? A repeal of a tax is an increase, hello! Will the tax go up? Yes, so it is an increase! You need to go back to school and learn basic arithmetic. It is an increase on small business also, if they make more than 250K which most do, then they are going to be taxed. And the tax relief for those who make less than 250k is $ 13 dollars a week for a year, or until January and then it is $ 8.00 Get your head out of your butt and stop being duped by this phony. He will destroy this country.
Posted by: dg31 | February 26, 2009, 12:53 pm 12:53 pm
Every B.Hussein lover want to say, “Bush got us in this mess…” or some such non-sense.
This can actually be Blamed on EVERY President and Congress since JFK was Murdered.
Bush, gave us a 3 Trillion Debt increase in 8 years.
B.Hussein has Increase that by 3.6 Trillion in the last 30 DAYS.
Posted by: EdP | February 26, 2009, 12:53 pm 12:53 pm
wealth creation
What do you think JOBS are? The entire point of the stimulus plan i to create JOBS, which the economy is bleeding out of both ends, in case you hadn’t noticed.
As to the top tax bracket, just ask yourself: Would you still want to make over $250,000 a year if you knew you had to pay 39.6% taxes on the income above $250,000 instead of 36%? If the answer is no, you may want to get yourself tested for brain damage. I’m looking at you here, John Galt.
Posted by: neil | February 26, 2009, 12:53 pm 12:53 pm
First of all, there are plenty of people who have capital gains who make less than 250K a year… so his proclamation that every household under 250 will see no tax cut is wrong.
I fully expect that 250 number will go lower.
Posted by: a reader in ga | February 26, 2009, 12:54 pm 12:54 pm
The trouble with big business is that they answer to rich people who own the stock. They should get rid of stock and have the businesses report to a government agency who will make sure they are run in thwe best interest of the people.
Posted by: JS | February 26, 2009, 12:54 pm 12:54 pm
Obama and the Democrats are going to squeeze as much toothpaste out of the tube while they have the votes to do so. It doesn’t matter if it doesn’t make sense economically. It’s all about wealth transfer and shifting our nation to socialism.
Posted by: Sigmonde | February 26, 2009, 12:54 pm 12:54 pm
I guess most of the lefties out there didn’t read into the context of the article or Obama’s 85 TV speeches over the last week. He mentions that 95% of the US will not see taxes go up, then also adds that the Bush tax cuts, which cut taxes for everyone paying into the system rich and poor, would not be renewed.
Do you not realize that this means WE ALL WILL PAY MORE IN 2010!!!!
Posted by: RyGuy | February 26, 2009, 12:54 pm 12:54 pm
The economy is going to completely TANK
It’s like some people don’t even read the news.
Posted by: neil | February 26, 2009, 12:55 pm 12:55 pm
I’ve been seriously considering starting a local, independent insurance brokerage firm. I’m kissing that dream goodbye. Screw that. Owning your own business is truly about to be more trouble than it’s worth.
LET THE TEA PARTIES BEGIN!!!!
Posted by: Stephen Dietz | February 26, 2009, 12:55 pm 12:55 pm
Omentum you are blinded by your envy. You should go to church or something.
Posted by: ctmom
| Feb 26, 2009 12:52:22 PM
====================
I do.. That is where I read the scripture
To whom much is given…. much is required.
AMEN
Posted by: Omentum | February 26, 2009, 12:55 pm 12:55 pm
Yea, this really makes me want to go out and spend to stimulate the economy. Time to grab your wallets!
Let me as you libs something. If stimulating an economy was as easy as taxing/borrowing and then spending, why wouldn’t every country just do that?
Posted by: Eric | February 26, 2009, 12:55 pm 12:55 pm
Get ready for the next Civil War!
Posted by: Uncle Jessy | February 26, 2009, 12:55 pm 12:55 pm
Did someone call Obama intelligent? The man who thinks there are 58 States? The same man who thinks Henry Ford invented the car? The same man who can’t put together a simple sentence without a teleprompter?
That Obama?
Posted by: Dave F | February 26, 2009, 12:55 pm 12:55 pm
I have an idea Mr President. We need a Nutritional Stimulus Package. I propose we surgically remove the FAT from the fattest 10% of the country, and TRANSPLANT them into the skinniest 10%, so we can have WEIGHT fairness.
THEN I propose an Entertainment Stimulus package, where we can take the salaries of Sean Penn and others that earn millions, and give it to those lame-o’s that create cheesy used-car commercials and casino ads, for Entertainment fairness.
ALSO we need ACADEMIC fairness, where the straight A students get knocked down to B’s, so the F’s and D’s can become C’s.
Please Mr President…it’s SUCH a BLESSING to SEE YOU! Gracious God!!!
Posted by: Noel | February 26, 2009, 12:56 pm 12:56 pm
Poverty doesn’t breed crime Sean, laziness, apathy, sense of entitlement breeds crime.
The moment a loser doesn’t get what he wants he steals it from someone who has earned.
Posted by: GetReal | February 26, 2009, 12:56 pm 12:56 pm
Hey Sean,
Out of the list of countries you mention, which one has the most people trying to emigrate to it – legally and illegally?
Posted by: ctmom | February 26, 2009, 12:56 pm 12:56 pm
OGS- that wasn’t me. The quote boxes are kind of like comic book talk bubbles, with the little arrow-y thing pointing to the person who made the comment.
Posted by: MayBee | February 26, 2009, 12:56 pm 12:56 pm
look at the great Stimulus Package that we got from Bush. 700 Billion and his party that was in charge at the time has no idea where the money went except for the bonus money that was paid to the same folks who ran there company in the ground. Now thats good way to spend tax payer money or lets take some of the Stimulus Package money and go on a vacation or fix up are office
Posted by: patrick | February 26, 2009, 12:56 pm 12:56 pm
Maybe we should cut the richest individual’s tax rate to 10% and the corp. tax rate to 5%. Then, according to GOP theory, the rich will put that money back into the economy and the corporations will invest in industry in this country? Oh, I forgot, corporations continue to move factories overseas. And its not because they have to pay workers so much in this country. Its because they can pay slave wages overseas and get away with it. So next, I guess you will want to cut the blue collar worker’s wages in half. The GOP’s idea of “lets cut taxes and everything will be fine” is outdated and needs to be buried forever. Tax cuts for the bottom 95% combined with the stimulus package will get the consumer during what he does best-buy and consume and spend so the worker produces more.
Posted by: Paul | February 26, 2009, 12:57 pm 12:57 pm
Your Math is not very good:
Total: $353 billion/10 years?
Posted by: truthinmedia | February 26, 2009, 12:57 pm 12:57 pm
How about if we only raise taxes on people who voted for Obama? They’re the ones to blame.
Posted by: Jim | February 26, 2009, 12:57 pm 12:57 pm
Waaaaa!!!!!!!!!
They are going to make me pay taxes now!!!
Waaaaaaaaaaaaaa!!!!!
Posted by: Joe the CEO | February 26, 2009, 12:57 pm 12:57 pm
I concur, in the end, businesses don’t pay taxes, consumers pay taxes. Lately, the Democrats have really been driving the point how we are all connected and they seem to miss this connection. Also, imagine if you make over 250k, then after taxes of 30-40% just for the Fed, plus state and local. That is unfair. Read Thomas Sowell’s “The Quest for Cosmic Justice,” he explains more than I can here. Every person should know the information in that book!!!
Posted by: Aficionado | February 26, 2009, 12:58 pm 12:58 pm
“jobs” alone do not create “wealth”. incentives for individuals to take risks and mostly strong stock markets are the engines for wealth, growth and jobs..
socialist states create ‘jobs’ without caring that much about ‘wealth creation’.
I am not disputing what Mr. Obama intends to do – it all sounds nice and dandy. I am disputing how Mr. Obama wants to pay for what he wants to do. Not even mentioning wealth creation or balancing the budget?
Posted by: Average Joe | February 26, 2009, 12:59 pm 12:59 pm
Waaaaa!!!!
Now I can’t buy another island in the South Pacific to hide my concubines!
What will I do now?
Posted by: Joe the CEO | February 26, 2009, 12:59 pm 12:59 pm
Re: “Angie in PA: Look at all these Rush Limbaugh,Fox news, Drudge report, Right Wing nuts going off the Deep End! hahah lololol Now you Know how we Felt for 8 Long years with Bush.Its about Time the Top Wealthy pay their Share, We the Middle class have Been Paying for so long were Getting wiped out!While the Rich got off easy. Go President Obama oh and wing nuts Calm down it will be Ok!”
————————————-
Dear Ms. Clueless,
When rich people get taxed, they don’t sit there and take it. They pass it on to EVERYBODY. They raise their prices to the poor. They lay-off middle income people. If for once in your life you would stop and think things through, and quit being jealous of people who have the skills to make it in life, maybe you wouldn’t be so bitter. By the way, I am middle income and not rich.
Posted by: George A | February 26, 2009, 12:59 pm 12:59 pm
Re: POVERTY BREEDS CRIME.
Those Countries that outrank America have a LOW crime rate.. because they provide the safety nets for its citizens, And that prevent many desperate people from going out and doing desperate things to survive.
========================================
Those countries that outrank America have homogeneous populations. Not a melting pot where 12% of the population commits 57% of the murders.
Take responsibility for your own life. Slavery has been over for almost 150 years. I am not responsible for you so stop trying to make me pay for your own failure to achieve.
Posted by: Scott in VA | February 26, 2009, 12:59 pm 12:59 pm
I needed a laugh today.. The comments here are providing it.
ECON 101 People. All taxes make it to the personal level by way of inflation.
Posted by: CPK | February 26, 2009, 12:59 pm 12:59 pm
Make no mistake the Dems own this economy. Seems to be a lot of faith in the way they are taking things (market plumbing 97 levels current). They want to go back to the heady days in the 70′s. Oh you weren’t alive then well here’s a refresher…. interest rates at 20%, unemployment in the double digits, military demoralized, government HUGE. Gee you didn’t know this happened … its called HISTORY but then again you have to open a book and read. No sorry podcast won’t cut it. Oh well your about to get an education you will never forget … unfortunately we’re all being dragged along with you
Posted by: Fred Flynt | February 26, 2009, 12:59 pm 12:59 pm
Posted by: Paul | Feb 26, 2009 12:57:11 PM
Wow, Karl Marx would be very proud of you.
Posted by: Jim | February 26, 2009, 12:59 pm 12:59 pm
Generational Theft!
Posted by: JimBo | February 26, 2009, 12:59 pm 12:59 pm
“$4 billion – information reporting for rental payments”
Does this apply to Congressman Charlie Rangel??
Saudi Arabia, Iran, Russia, and Venezuala love this idea!
Significantly reduced incentives to produce oil in the US = MORE foreign oil!!
Posted by: carl | February 26, 2009, 12:59 pm 12:59 pm
The movie Red Dawn is about to lose it’s fictional status and become reality. Obama is a foolish child.
Posted by: thomas | February 26, 2009, 12:59 pm 12:59 pm
This says the new taxes are on people making more than $250K. I thought the new rate was for FAMILIES making more than $250K. Meaning the higher rates apply to individuals making $125K per year.
Which is it?
Posted by: Trudger | February 26, 2009, 1:00 pm 1:00 pm
Mr President, I truly believe in HEIGHT fairness. I think everyone should be the same height. We should have a 5’10″ height cap for males and a 5’4″ height cap on women. Can we PLEASE expand health care to cover the amputations that can bring this FAIRNESS to pass? Besides, tall people created this recession we’re in. Thank you, it SUCH a BLESSING to see you Mr President ohhhh Gracious GOd!!!
Posted by: Noel | February 26, 2009, 1:00 pm 1:00 pm
The mistake the vulnerable and ignorant people are making, is to think that Barack Obama is acting in the best interests of the Amreican people. He is not. He is acting in the best interest of some global utopian concept that isn’t real, but one that will take a revolution to accomplish. That is what Karl Marx wanted. There is no difference between Marx and Obama. The goal is the subjugation and oppression of the middle class and the wealthy so that we will all be uniformly miserable. He and his ilk will be in power. That is Marxism.
Posted by: William | February 26, 2009, 1:01 pm 1:01 pm
Thanks Jay for reporting this.
I feel a slight rumbling of the earth from the march of patriots that are increasingly growing angry. FREEDOM!
slfreedom
Posted by: slfreedom | February 26, 2009, 1:01 pm 1:01 pm
Here is what happened November 4, 2008–
We got what 53% of American voters wished.
Karl Marx smiled.
Posted by: Larry Croft | February 26, 2009, 1:01 pm 1:01 pm
Posted by: EdP | Feb 26, 2009 12:53:24 PM
And didn’t Obama vote for some of the spending bills that Bush signed? I’d say it is a Bush/Obama deficit.
Posted by: linda | February 26, 2009, 1:01 pm 1:01 pm
Waaaa!!!
Now I have less incentive to short companies and wipe out any equity they have!!
Waaaaa!!!
Posted by: Joe the CEO | February 26, 2009, 1:01 pm 1:01 pm
8 years of Republican rule cost the U.S. big! Now it is time for a nation of cry babies to pay! Did you Republicans really think you were going to get a free ride? You are a bunch of whiners. Get ready for 8 years minimum of Democratic rule. You did to yourselves.
Posted by: Jason | February 26, 2009, 1:01 pm 1:01 pm
Who is John Galt?
Posted by: spiffdeb | February 26, 2009, 1:01 pm 1:01 pm
Where is the revenue going to come from?
The Democrats are the Anti-business Party…………and the revenue comes from businesses and the workers they employ………..
We’re in big trouble….thanks Obama
Posted by: allen ridge | February 26, 2009, 1:02 pm 1:02 pm
We will lose the ability to determine our own destiny. There will be no incentive for the poor to better themselves except to throw off the shackles of government. The United States will no longer be the land of liberty and opportunity for all. It will be the land of government bureaucrats.
Posted by: Rudy | February 26, 2009, 1:02 pm 1:02 pm
My gosh. If this is not a war on American taxpayers, I’m not sure what is. I guess this is what Americans hoped for when they voted BHO into the White House. Hey, if anyone wants to profit from BHO’s economic policies, it’s about time to short America.
Posted by: govsucks | February 26, 2009, 1:02 pm 1:02 pm
$133.7 Billion in new taxes against the oil and gas industries.
Stick it to the Oil companies!
Never mind it will be you and me that pay all of that tax at pump and hidden in every single product you buy at a store.
Posted by: C.A.Clark | February 26, 2009, 1:02 pm 1:02 pm
So basically, we’re going to take money from the people who are responsible for paying working/middle class employees in our economic system.
Posted by: Tom | February 26, 2009, 1:02 pm 1:02 pm
“Why not start with suspending all aid to foreign countries? There is no reason in my book to pump millions or billions into other countries (i.e. Pakistan) when that money would eliminate a huge portion of the debt. Taxing people even more when they are struggling as it is, is not the way to handle this. STOP SPENDING!!!”
_____________________________
Yeahh…this won’t happen, Obama plans to double foreign aid to $50 Billion
Posted by: Gregor | February 26, 2009, 1:02 pm 1:02 pm
I am John Galt.
Posted by: John Galt | February 26, 2009, 1:03 pm 1:03 pm
“They should get rid of stock and have the businesses report to a government agency who will make sure they are run in thwe best interest of the people. ”
WOW!
Have government force businesses to run in the ‘best interest of the people’? The people who have NOTHING to do with the businesses, who had nothing to do with starting them, investing in them, working in them, managing them…those people? This may be the flat out dumbest idea I have read yet on the economy. Hey, genius, businesses are not started and run with the notion of being in the best interest of ‘the people’. State run business structures and markets are generally referred to as communism…and there is not one communist ECONOMY that has succeeded (china isn’t a communist economy).
Posted by: JC | February 26, 2009, 1:03 pm 1:03 pm
Waaaa!!!
How will I buy my new Greek Yacht now?
I want to sail around the Mediterranean in my new Yacht?
Now I’ll have to buy a 150 foot yacht instead of a 200 foot yacht.
Waaaaaaaaa!!!!!!!!!!!
Posted by: Joe the CEO | February 26, 2009, 1:03 pm 1:03 pm
I wonder if anything is going to be done about all the soft money that is tax free for all the politicians. Oh that’s right, they all report all the perks and money to the I.R.S. as income earned!
All they have to do if caught is claim a mistake their bookkeeper made! It’s worked for how many of Obama’s made in Israel choices?
Posted by: Jake Rivers | February 26, 2009, 1:03 pm 1:03 pm
What I am reading here is very troubling and disheartening. When an argument is settled without any willingness to compromise, it is usually by the result of ___. I don’t look forward to the future in America anymore. Both sides trample on the rights of the other side. In this case, I am somewhat baffled by Obama’s agenda. It could lead to some bad stuff.
Posted by: Rick L | February 26, 2009, 1:04 pm 1:04 pm
This amounts to taxation without representation: we are no longer represented in congress. We are being ruled by dictators trying to keep power. Boston Tea Party, here we come!
Posted by: Barnabas | February 26, 2009, 1:04 pm 1:04 pm
Government employees have it rough…they continue to get cola every year and they have safe pensions. It helps that the congress enacted a bill to increase their wages every year too. Hmm, why can’t govt feel the pain too? We should stand up against govt pay increases!
Posted by: zillaod | February 26, 2009, 1:04 pm 1:04 pm
You get what you vote for. Perhaps this is the “Change” you wanted.
Posted by: Mike | February 26, 2009, 1:04 pm 1:04 pm
Maybe if you rich people were willing to part with some opf your money we could fund better education so the kids wouldn’t grow up having to steal your Bentleys and rob your houses. Then your insurance would be lower.
Posted by: JS | February 26, 2009, 1:04 pm 1:04 pm
Waaaaaa!!!
Now I’ll actually have to pay taxes rather than writing off 100% of them.
Waaaaaaaa!!!!!!!!
Posted by: Joe the CEO | February 26, 2009, 1:05 pm 1:05 pm
Now, wait just a gosh-darn minute here…this is the guy that promised during the campaign that he’d cut all kinds of taxes and make sure I could keep all my own money (all while saying he’d raise taxes and repeal the Bush tax cuts). Hmmm….when will you libs learn? I can hardly wait to see how the next 4 years play out as this two-faced moron’s policies come home to roost. My only fear about that point in time is that it will be too late to fix it. And just for the record, I didn’t oppose him because he’s half-black, but because he’s the WRONG black man. Go Michael Steele!
Posted by: Greg | February 26, 2009, 1:05 pm 1:05 pm
muahahaha…
i’m an artist and i’ve always lived in a bad economy..uh..by choice i guess..its not that bad..get used to it..you can still find much happiness in simpler things..change things around..change your life..stop buying into the illusion that you need so much to live. true this has come to be because of the entire system and consumers recklessness and general greed and addiction and the a holes we’ve put in on both sides of the fence.. they’re all scratching each others back. you’ll never get what they say they’re going to do. hope and change..what did you expect? it was the biggest hook line and sinker scam i’ve ever seen and it worked..take a deep breath and rethink your life!
Posted by: bread | February 26, 2009, 1:05 pm 1:05 pm
Obama wants you to live the American dream until you make over $250K, then you are the source for everyone else’s dream. Change we can believe in…the change in your pocket. So much for incentivizing people to go out and do better. Has anyone ever gotten a job from a poor person? Quit bashing big business. And by the way, we would have come out of this economical slump whether Obama was there or not. The President does not control the economy. But now that he has said that we wil recover because of what he has done, then the stupid people out there that voted for him will continue to give him credit. How much damage are we willing to let him do before we say enough?
Posted by: D.C. Dave | February 26, 2009, 1:05 pm 1:05 pm
“A government large enough to give you everything you want, is strong enough to take everything you have”
- Thomas Jefferson (spinning in his grave)
Posted by: John | February 26, 2009, 1:05 pm 1:05 pm
“Obama’s 85 TV speeches over the last week”
None of them mentions the poor … why IS that?
All the foofooraw seems aimed at turning back time to … the glorious halcyon days of September 2008, when the crash that assured His hahaha “election” began. Retaining state employees, propping up the mortgages of those who still have jobs, etc.
What about those who DON’T have income sufficient to maintain themselves … a group increasing DAILY by the zillions?
The government and the burgeoning un-rich DO seem, at this point, to be living in separate universes.
The CHANGEling’s birthday suit and puppy dog seem unlikely to hold back a bracing deluge of cold reality that could come ANY day.
Posted by: Human Intelligence | February 26, 2009, 1:06 pm 1:06 pm
Doug,
that is true we got what 53% of america wanted thank back to Nov of 2000 when Bush they thank won but who knows because all the votes were not counted and we got what only 49% of america wanted
Here is what happened November 4, 2008–
We got what 53% of American voters wished.
Karl Marx smile
Posted by: patrick | February 26, 2009, 1:06 pm 1:06 pm
Just stop complaining and moaning, everyone! Americans put this guy in the White House.
Many Democrats simply ignored the fact that the Left will get much more power and will act like mad mob let loose into Sam’s Warehouses. And, let’s not forget, hey did not made Obama to really prove that he is US Citizen. It would be so easy for Obama to show his real document…. but no – he just spit into everybody’s eyes.
And Republicans? Give me break! There were two candidates who are intelligent and capable. One is Mormon – most Americans know nothing about Mormons, but would not vote for that guy “because he may want to move whole harem of his wives to the White House”. And the second one is to much church oriented!(?) I am Secular Humanist but would vote for him anyway.
No, the Republicans had to select old dumpling who would be easy to manipulate.
Just ya all pray that Obama will get his stuff together. After all, he knows very well that he will be remembered either as a Savior or hated Loser. Nothing in between for him….
Posted by: stary kozel | February 26, 2009, 1:06 pm 1:06 pm
So now Republicans can run in 2010 on the platform that they’ll cut the 400bn budget by eliminating 9000 pork earmarks. They’ll cut the budget by re-doing the stimulus bill and save almost 800bn, and they’ll reduce taxes by 900bn. Hard to argue with that kinda logic…especially when all the Democrats Congress (and now Pres) has brought us is trillions upon trillions of debt since they took Congress (w Sen Obama) in 2006.
Posted by: Scott Malensek | February 26, 2009, 1:06 pm 1:06 pm
I am waiting for the new bronze Obama Eisenhower sized $100 coins to be minted soon Because that is what $100 dollars will be worth after this administration is finished about a buck circa 1973.
Posted by: Ron | February 26, 2009, 1:06 pm 1:06 pm
Bad things about to happen
1. U.S. Companies are NOW taxed at 40%. Europe taxes theirs at 30%, offshore (VERY LEGAL)at 15% (see Garmin GRMN symbol for proof) They headquarter in Caymen, manufactor in China, and warehouse in Olathe Kansas. Lots of jobs in all three places. Some will say pass laws to stop this, OK then, say goodbye to Sony. Toyota, and a few others. Either you have trade or not. Most of the stuff we need, we cannot produce anymore.
2. Say goodbye to the value of the dollar. When the asian’s and pacific rim, the germans and other thrifty souls see us busily printing money we don’t have and pouring it down a drainpipe (longer unemployment is a disposible) it is gone after use, they will not respect the dollars…so in the end inflation will go banana’s. It is really not inflation, but deflation of the dollar (thats another little trick government plays on you) In Mexico or elsewhere it is called deflation of currancy.
3. The start of class economic separtation. Businesses like Walmart hate unions and their demands for inefictiony. There is a loss of respect when one or a group of many within YOUR business start trying to tell you how to run it. Smart companies just build machines to replace the people.
4. Less money for private charities, let the government help them, thats what they voted for (300,000 per trip home for Nancy Pelosi and her San Francisco bunch)
5. The impoverishment of fixed income Americans. Let the old people die like they do in europe
Sooo, dear fellow americans, ya better get off your chair before this no name, no experienced empty smooth talking fellow talks you into a mess such as America has never seen.
NOT to mention his silence on American security AND his huge 10X foriegn aid.
Mostly Africa i think, is that not racist?
Posted by: r miers | February 26, 2009, 1:06 pm 1:06 pm
Did I read it right?
Is he’s going to TAX RENT?
Posted by: EricBrodin | February 26, 2009, 1:07 pm 1:07 pm
Democrats mistakenly assume these tax increases will not slow down government tax revenue.
Posted by: Rick | February 26, 2009, 1:07 pm 1:07 pm
If the Democrats are the anti-business party then the GOP is the anti-common man party,
Just look at the income distribution figures in 1980 and now.
Posted by: Bernie | February 26, 2009, 1:07 pm 1:07 pm
My bad…its only $22.8 billion against Oil and Gas.
Nonetheless, we’ll all still be paying for it.
Posted by: C.A.Clark | February 26, 2009, 1:07 pm 1:07 pm
There is nothing in the Constitution that permits this federal spending. Remember who has the guns.
Posted by: sigh | February 26, 2009, 1:08 pm 1:08 pm
Finally, the financial crisis explained in a way we can understand
Heidi is the proprietor of a bar in Berlin. In order to increase sales, she decides to allow her loyal customers – most of whom are unemployed alcoholics – to drink now but pay later. She keeps track of the drinks consumed on a ledger (thereby granting the customers loans). Word gets around and as a result increasing numbers of customers flood into Heidi’s bar. Taking advantage of her customers’ freedom from immediate payment constraints, Heidi increases her prices for wine and beer, the most-consumed beverages. Her sales volume increases massively.
A young and dynamic customer service consultant at the local bank recognizes these customer debts as valuable future assets and increases Heidi’s borrowing limit.
He sees no reason for undue concern since he has the debts of the alcoholics as collateral.
At the bank’s corporate headquarters, expert bankers transform these customer assets into DRINKBONDS, ALKBONDS and PUKEBONDS. These securities are then traded on markets worldwide. No one really understands what these abreviations mean and how the securities are guaranteed. Nevertheless, as their prices continuously climb, the
securities become top-selling items.
One day, although the prices are still climbing, a risk manager (subsequently of course fired due his negativity) of the bank decides that slowly the time has come to demand payment of the debts incurred by the drinkers at Heidi’s bar.
However they cannot pay back the debts.
Heidi cannot fulfill her loan obligations and claims bankruptcy.
DRINKBOND and ALKBOND drop in price by 95%. PUKEBOND performs better, stabilizing in price after dropping by 80%.
The suppliers of Heidi’s bar, having granted her generous payment due
dates and having invested in the securities are faced with a new
situation. Her wine supplier claims bankruptcy, her beer supplier is
taken over by a competitor.
The bank is saved by the Government following dramatic round-the-clock
consultations by leaders from the governing political parties.
The funds required for this purpose are obtained by a tax levied on the non-drinkers.
Finally an explanation we can all understand…
Posted by: commonsense | February 26, 2009, 1:08 pm 1:08 pm
what a shame to see the president of the greatest nation on the planet try to flush it straight down the toilet.
i think his cabinet needs some stimulus… this liberal robin hood mentality is ludicrous.
We would be better of digging up Reagans corpse and sitting it in the oval office. That would likely boost the national moral over this big lib.
Posted by: Jorge Malawi | February 26, 2009, 1:08 pm 1:08 pm
Calm Down Right Wing Nuts regardless Of what Rush tells you It will be Ok!
Posted by: Angie in PA | February 26, 2009, 1:08 pm 1:08 pm
Waaaaaaaaaaaaa!!!!!!!!!!
Obama is going to make me pay at a minimum 11% taxes now.
THAT’S NOT FAIR!!!
Waaaaaaaaaaaaaa!!!!!!!!!!!!!!
Posted by: Joe the CEO | February 26, 2009, 1:08 pm 1:08 pm
Notice all the tax incentives that are disappearing for oil and gas companies? This is Obama’s way to drive the price of Gas to a level that will finally compete with these renewable energy sources. Remember $4 gal gas in 2008? Say hello to $6 gal gas in 2011…or more!
For 2010 the Republicans need to clean house for whoever is up for re-election. I’m sorry but this mess we are in is the governments fault! NOT MINE!!! Not to mention I had to apologize to my 9 year old this morning for his having to pay for this when he gets older.
GOD HELP US!
Posted by: Mike | February 26, 2009, 1:09 pm 1:09 pm
Obama the SAVIOR!! Thanks for the 13 bucks extra a week what a tax cut that is! What a joke. Let’s take from the people who work and give it to the people who don’t work, sounds like a great plan too me..NOT! How are tax increases going to help anyone? There not..oh wait unless your on welfare. This stimulus package was nothing more than a welfare bill. You got what you wanted Obama freaks now your stuck with him..hopefully for only 4 years.
Posted by: Marc | February 26, 2009, 1:09 pm 1:09 pm
As to the top tax bracket, just ask yourself: Would you still want to make over $250,000 a year if you knew you had to pay 39.6% taxes on the income above $250,000 instead of 36%? If the answer is no, you may want to get yourself tested for brain damage. I’m looking at you here, John Galt. -neil
———————————-
Duibuqi, wo yijing…oh sorry, got confused for a moment, I was just on the phone to China. As for your question, it’s the marginal difference. It’s not just the money, but the time involved. Let’s say $250,000 is the cutoff for a change from 35% tax to 40% tax. That means if this person earns $1, they go from keeping $0.65 to keeping $0.60. Except, they could also not work. Not working used to cost them $0.65, now it costs $0.60. Just made not working cheaper, so yes, on the whole, people will work fewer hours.
Not me though, I am moving to China!
Posted by: John | February 26, 2009, 1:09 pm 1:09 pm
HE’S TAXING RENT???
Posted by: EricBrodin | February 26, 2009, 1:09 pm 1:09 pm
This is so sad. I lost my job 18 months ago and dont qualify for unemployment. I’m working part-time jobs and we are trying to save every penny we can so we can move out of this country. We dont know where we’ll move yet but it will be somewhere that is friendlier to small businesses. I know that many liberals threatened to do this if Bush was reelected in the early 2000′s. The difference is we mean it and hope we’ll be gone in about 5 years.
I never imagined that my country would hate being a world leader but they seem to want us to be mediocre like the rest of the world.
I’m am so very sad for this country and the uninformed masses.
Posted by: lilliemae | February 26, 2009, 1:09 pm 1:09 pm
There are some BIG assumptions going on with some of the posters here. First off, not everyone who doesn’t agree with what is happening now was a Bush supporter, or a conservative or a republican, or rich.
This will be a more productive conversation if people stop assuming and insulting and start listening.
What we really ought to do is tax based on spending not income. Those who spend more, pay more. This encourages saving more, we will take in far more in taxes than we do today, it doesn’t kill the incentive to do better for yourself and your family. FAIR TAX is the answer….That and government living within it’s means.
Posted by: spiffdeb | February 26, 2009, 1:09 pm 1:09 pm
Ah yes, name calling. The last bastion of the small mind.
A man with an experience is never at the mercy of a man with an idea.
Posted by: Mr Obvious | February 26, 2009, 1:09 pm 1:09 pm
This is no different than when Clinton proposed new taxes just about the same as this and the rightys claimed the sky would fall and we would have economic ruin and a great depression. Well we now the rest is history. Keep whining, its going to be a long four years for many of you.
Posted by: Scott | February 26, 2009, 1:10 pm 1:10 pm
What happens if the 2% of tax payers targeted to pay for Obama’s folly decide they don’t want to partipate? Oh, wait, someone already wrote that book.
Posted by: Slouching Map | February 26, 2009, 1:10 pm 1:10 pm
Nice going Libs *applauds*
You single handidly did what all the communists and terrorist couldn’t do, Destroy our country. Are you Happy Now?
What time is the Tea Party???
Posted by: Drudge | February 26, 2009, 1:11 pm 1:11 pm
Straight up theft. The only thing being stimulated is Central Planning.
We knew who Obama was going into this election, so you can’t blame him. The real blame is on the feet of the Republicans for being so feckless on meaningful reform while in power. My real anger is that those who subverted the Contract with America…particularly those in the party who care more about things like Terry Schiavo and banning gay marriage, etc…you are the ones to blame.
Posted by: harpersferry | February 26, 2009, 1:11 pm 1:11 pm
HE’S
TAXING
RENT???
Posted by: EricBrodin | February 26, 2009, 1:11 pm 1:11 pm
People,
He’s taxing rent.
Posted by: EricBrodin | February 26, 2009, 1:12 pm 1:12 pm
…and the loony-left liberal d-crat TAX INCREASES begin!
As plagiarist-joe said: “raising taxes is patriotic”
After wasting trillions on pork and social-welfare garbage, the d-crats now go to the second part of their TAX-AND-SPEND philosophy – they’ll tax you to death, then tax your death.
But remember, if you are a loony-left liberal d-crat (i.e., a TAX CHEAT) you can just “geithner” your taxes and won’t have to pay a penny for the d-crat pork and social-welfare waste spending.
Posted by: ALEX H | February 26, 2009, 1:13 pm 1:13 pm
Scott,
Your forgot to mention the Republican revolution that started in ’95. That’s why the economy look so good then.
Posted by: Fred Flynt | February 26, 2009, 1:13 pm 1:13 pm
wow! i feel bad for all the charities out there. now there’s absolutely NO INCENTIVE for people who can afford to donate a lot to donate ANYTHING! Good luck helping all the poor people out there because you’re going to lose all of your donors.
Posted by: L&A | February 26, 2009, 1:13 pm 1:13 pm
DRUDGE
I believe your Party has already done that Destroy this Country!
Posted by: Angie in PA | February 26, 2009, 1:14 pm 1:14 pm
Let’s not forget a lot of our problem is because of all the spending for IRaq so that we could keep big oil happy. Let’s get out of Iraq and Afghanistan and stop this unnecessary military spending. We spend far too much on weapons and armed services. Maybe if we only had the size military we needed, we wouldn’t be so quick to get into endless wars that only incite terrorists to attack us more.
Posted by: JS | February 26, 2009, 1:14 pm 1:14 pm
To Joe the CEO..yeah right..LOL
Calm Down Right Wing Nuts regardless Of what Rush tells you It will be Ok!
Joe go climb back in the hole you came out of your socialist. The right wing nuts you refer to are the LOYAL OPPOSITION and I will speak the truth about the lies your savior Obama speaks.
Posted by: Marc | February 26, 2009, 1:14 pm 1:14 pm
John Galt is a hero
Posted by: Hank Reardon | February 26, 2009, 1:15 pm 1:15 pm
Calm Down Right Wing Nuts regardless Of what Rush tells you It will be Ok!
Posted by: Angie in PA | Feb 26, 2009 1:08:48 PM
——
The unfortunate news for you, Angie in PA, is that we are going to be indeed OK; it is you who are going to be enjoying the pleasure of paying $4/g gasoline to offset whatever you get from pb0.
Posted by: kat | February 26, 2009, 1:15 pm 1:15 pm
I checked my candy machine at work and a candy bar is 90 cents. I am willing to have a tax of $1.10 on my candy bar purchase. It will only be $2.00 for a candy bar and I will help the government. (what a jerk)
Posted by: Ron | February 26, 2009, 1:15 pm 1:15 pm
Please folks, stop ruining the good name of Robin Hood. Remember, Robin Hood took TAX MONEY that the GOVERNMENT that confiscated it and gave it back to the PEOPLE that EARNED IT.
Posted by: sigh | February 26, 2009, 1:15 pm 1:15 pm
Hey Trudger….
I guess you never read the book. Atlas Shrugged. “Who is John Galt?” was the central rhetorical question throughout the book. Google it. lol
Posted by: spiffdeb | February 26, 2009, 1:15 pm 1:15 pm
Waaaaaaaaaaa!!!!!!!!
Now, indirectly, he’s going to tax profits from my company that builds and leases and rents to other companies. It’s nothing new but I’ll just say it is.
Waaaaaaaaaaaaaa!!!!!!!!!!!!!!
Posted by: Joe the CEO | February 26, 2009, 1:15 pm 1:15 pm
Tax and Spend hahahah I would say Its better then Republicans Borrowing and Spend and Selling America out to Other Countries like China! Republicans borrow and Spend!
Posted by: Angie in PA | February 26, 2009, 1:15 pm 1:15 pm
People making $250,000 and over don’t get paid hourly….geezus there are some stupid people in here
————————
I can see why our nation is in crisis. People earning $250,000 per year probably own their own business or work in a highly demanding field, probably 60-80 hours per week or more. They’re not paid hourly, but if they work less hours they will make less money.
Posted by: John Galt | February 26, 2009, 1:15 pm 1:15 pm
DOES ANYONE CARE???
HE’S TAXING RENT!!!!
Posted by: EricBrodin | February 26, 2009, 1:16 pm 1:16 pm
…why is it, Mr. Tapper, that you’re the only journalist doing his/her job? Is there something seriously wrong with the news industry?
Posted by: DJ | February 26, 2009, 1:16 pm 1:16 pm
To those that think that somehow at the 8 year mark the economy changed, get real.
We’re in the trouble we are now because whoever is in control of congress and the pres think they have ALL the answers to the world’s problems.
Guess what? They don’t! Until partisanship ends, until thinking of superiority ends, until blame ends, there will be no healing, no growth, and greater pain.
One party does not a solution make!
One party does a problem create!
Goes for republicans and democrats.
Posted by: mp | February 26, 2009, 1:17 pm 1:17 pm
Waaaaaaaaa!!!!!!!!
How will I ever buy more diamonds from Belgium now?
My wife needs more diamonds!!!
Waaaaaaaaaaaaaa!!!!!!!!!!!!!!!!!!
Posted by: Joe the CEO | February 26, 2009, 1:17 pm 1:17 pm
Here is a sample if liberal socialist genius at work..LMAO..Blame Bush for protecting your sorry A** for 8 years you moron.
This is too funny Watching the Melt Downs by the Obama haters, Like I said How does it Feel after 8 Horrible Years with Bush.We know you Loved him it doesnt Bother you he F this Country up! Go President Obama Keep up the Good work because to Me if your Making the Far right Wing nuts Mad your Doing a good Job!
Posted by: Marc | February 26, 2009, 1:18 pm 1:18 pm
No one EARNS millions of dollars. Basically anyone whose income is in the millions benefits from the labors of others who make much less. We have a system that can be GAMED which results in an unfair distribution of wealth. I have no problem with greater wealth going to those whom make a greater contribution but there is a huge disconnect in wealth vs real contribution. Taxes are one simple way to correct this obvious corruption.
Posted by: Igor | Feb 26, 2009 12:36:52 PM
________________________________________
And who created all those jobs? The guy w/ the millions to begin w/ who risked his money to create a business. Or, in many m ore cases, a poor guy who worked hard, risked everything he had, and through dedication to task, was able to build a big business that eventually employs lots of people. You’re telling me those people aren’t allowed to benefit from this?
More to the point a guy who schemed and brown nosed his way to be a CEO of a large corperation. Thru mutual comfortable arrangements with his board he now earns 350,000,000 a year. The American dream? Not my America. I am a Republican not the Rush variety. I believe in fair payment for effort.
Posted by: Igor | February 26, 2009, 1:18 pm 1:18 pm
Yes, well the national health care systems in other countries work so well. And, the standard of living in other countries is so much better. And, there is no waste in GOVERNMENT NOW. And, he “OBAMA” said “I am not for bigger government”. Hey, and the big bad companies only employ…..well us, so screw them! At least my 401K will drop again. But all the government worker’s pensions will be safe as long as we still have a small remainder of income yet to tax. And add costs to those utility companies they will not pass it along to us, and perhaps it will be better if foreign oil companies do better, they only pay taxes to those foreign countries so at least our government will not get those big stupid tax checks from Exxon. So it is all good. If you live in a cave, and don’t think! And you have not been in other countries first hand to see HOW MUCH BETTER IT IS HERE! Wake Up!
Posted by: I give up! | February 26, 2009, 1:18 pm 1:18 pm
Angie in PA,
Murtha was right about his constituents!!!!
Posted by: Petey | February 26, 2009, 1:18 pm 1:18 pm
BARACK
OBAMA
WANTS
TO
TAX
RENT!!!
Posted by: EricBrodin | February 26, 2009, 1:18 pm 1:18 pm
Eric Broden, the government has been “taxing” rent for decades. We all pay the same taxes but homeowners get tax breaks.
Buy your children gold bars and Mandarin lessons.
Posted by: John Galt | February 26, 2009, 1:18 pm 1:18 pm
Waaaaaaaa!!!!!!
I own an entire block of building in NYC and earn over $200,000,000 in income and he’s raising my taxes.
I’ll just call it taxing rent.
Waaaaaaaa!!!!!!!!!
Posted by: Joe the CEO | February 26, 2009, 1:19 pm 1:19 pm
Lou is an idiot.
Posted by: GM | February 26, 2009, 1:19 pm 1:19 pm
I can remember being told that I was un-American because I didn’t support Bush. I remember being told that I should either get behind our elected Commander in Chief or get out of this country. I watched as he brought this country to it’s knees, both financially and politically. The honor of our country has now been brought into question by the entire world for the very first time since it’s existence.
The choices I was given for this election were for Obama or the man that Republicans decided was not as good as Bush 8 years ago when they first had the chance to get him elected. As bad as Bush was I damn sure wasn’t voting for someone that was even less qualified.
I don’t know how Obama will turn out, but if you want my vote in the next election, may I suggest you get someone on the ballot that is BETTER than we have not worse.
Now it’s my turn to say, you are either part of the solution or part of the problem, If you can fix it then fix it. if you can’t then just shut up and let those that are tying to do something do it.
Posted by: AB | February 26, 2009, 1:19 pm 1:19 pm
In 3 years my last kid will be out of the house and in college. I will be moving my business overseas.
There is no use staying here anymore, this has become a nation of idiots.
Posted by: Xwheeler | February 26, 2009, 1:21 pm 1:21 pm
///I can remember being told that I was un-American because I didn’t support Bush.///
No, you weren’t. That canard was a strawman when Tim Robbins used it & it’s no less implausible today.
Posted by: RW | February 26, 2009, 1:21 pm 1:21 pm
I think Obama and Pelosi are counting on Americans to become numb to the amount of money they are spending.
Hoping we won’t notice how much money is being wasted in the name of recovery.
But it’s only the BO supporters that have their heads in the sand–in total denial or just don’t care what he is doing to this country.
Posted by: sammy | February 26, 2009, 1:21 pm 1:21 pm
Help me here now. Is this from the same ABC News that was a big supporter of Obama in the campaign? Do I remember that correctly?
Posted by: LDC | February 26, 2009, 1:21 pm 1:21 pm
The person far above had the right idea.
If the Republicans that were in power for the last ten years had actually been concerned with fiscal responsibility and small government, we would’ve seen it.
The problem is now that NEITHER SIDE IS CONSERVATIVE. One side is liberal and spend-happy (as we knew), and the other has been literally consumed by religious ideology and the “defense” industry. They care far more about making sure a lesbian can’t visit her partner in the hospital than making sure job opportunities continue to exist.
Solution? STOP ELECTING NEOCONS. START ELECTING LIBERTARIANS TO THE REPUBLICAN PARTY.
Posted by: Kirufu | February 26, 2009, 1:21 pm 1:21 pm
it’s just absolutely incredible how narrow-minded and short-sighted conservatives can be. obama has been in office for just over a month now, not enough time for any of his policies to take effect, and already conservatives are crying about the end of the world! why is demagoguery the only way that you people know how to engage in discussion or do politics? is your inability to think in nuances and subtleties a genetic problem, or is it something in the republican political platform?
first, i’m very doubtful of what this article is saying. a repeal or expiration of a tax cut is not the same as raising taxes, since obama plans to replace those with other deductions. second, so many of those tax cuts have no effect on 90% of americans. how many of you will be paying superfund taxes, or didn’t have to pay superfund taxes under bush? so, just because there may be nearly $1 trillion in taxes set to expire or be repealed does NOT mean that there will be $1 trillion in new taxes.
second, given the state of the economy and what’s going on in the rest of the world, how can you possibly justify complaining that people making over $250k are going to “suffer” because of taxes? how f’ing greedy can you be? is paying taxes going to bankrupt you? you live in a society where you are better off than hundreds of thousands of others and have made your money, at least at some point, based on those others. so how about a sense of responsibility? or how about just a simple sense of proportion. if you make more, why not contribute more? or, why should people who make less have to contribute proportionately more than they can? you have to be brain dead these days to still have faith in trickle down economics.
Posted by: reader | February 26, 2009, 1:21 pm 1:21 pm
These taxes are insanity. And they put the lie to Obama’s claim that we will reduce dependence on foreign oil. It will increase our dependence and send gas prices and all other prices soaring. Guaranteed to make more problems.
Posted by: Betsy Ketchum | February 26, 2009, 1:21 pm 1:21 pm
2010.
If we vote out enough Democrats in the mid-term elections we can stop this train wreck from happening.
Posted by: Will Stanton | February 26, 2009, 1:22 pm 1:22 pm
Do you all realize if someone makes $250K they will be taxed $100K…And then FICA and medicare taxes, state taxes, property taxes, local taxes…When do we actually get to keep OUR money??? That equates to over 50% of our income going to taxes. And then they give it to those who don’t get off the couch to actually try to make a living.
Posted by: TODD | February 26, 2009, 1:22 pm 1:22 pm
Oh wow, a recipe for higher unemployment.
1) On people making more than $250,000.
$338 billion – Bush tax cuts expire
$179 billlion – eliminate itemized deduction
$118 billion – capital gains tax hike
Forget the rich, right? A good friend of mine, a personal chef to one of those pig-dogs, has already been laid off.
Posted by: Blee | February 26, 2009, 1:23 pm 1:23 pm
The godless Dem’s are here… the nation is under seige… some noble leader please take over and save us. God help us.
Posted by: Lewis | February 26, 2009, 1:23 pm 1:23 pm
You just gotta love all the liberals on here who griped their heads off about fiscal irresponsibility when Bush was spending the ridiculous amounts of money he was. But when Obama spends more money, in one month, than the Roman Empire did during its entire existence, it is all of a sudden a good idea. The complaining about high deficits we heard from Obama, and the economically clueless during the campaign has suddenly ceased, hasn’t it? And for the economic genius who claims low taxes don’t spur growth, look at the outstanding economies of Europe for proof. France, Germany, England, Norway, they all have stellar economic growth. Oh, wait a second, they don’t. In fact several of them have double-digit unemployment. Germany has had 10% or higher unemployment for almost two decades now. If a few months of terrible economic news supposedly disproves conservative economic theories, then certainly decades of the poor or nonexistent economic growth in Europe and Japan destroys liberal ones. Incidentally the strongest economy in the EU, Ireland, also has the lowest tax rates. Imagine that.
Funny how the left also stopped complaining about Guantanamo, which this administration now claims complies with the Geneva Convention (that claim would have been met with absolute horror had it come from the Bush administration), military tribunals, rendition, the war in Afghanistan, our presence in Iraq (notice how the whole withdrawal in 16 months promise has been quietly scrapped).
And now the group that already pays exorbitant tax rates, the “rich”(although &200,000 a year is not even close to rich by virtually anyone’s standard) they are now being asked to pay even more. Boy, that is totally fair, isn’t it? Obama, economic genius that he clearly is, intends on raising capital gains tax rates, a move which he embarrasingly conceded during the debates would actually lower revenue. He said it would be more fair. How the government confiscating more of someone’s money, that has already been taxed once, is more fair is anyone’s guess.
And if anyone thinks these record huge deficits and budgets will not eventually result in middle-class tax increases, they are crazy. Expect your pay check to shrink in the future. You may even have to give up the incredible $10/week more you are getting from the “stimulus” plan.
Posted by: Mark | February 26, 2009, 1:23 pm 1:23 pm
Waaaaaaaaa!!!!!!!!!!
I want a new ski-resort in Austria to hide my income.
Now I can’t afford the new ski resort!!!
Waaaaaaaa!!!!!!!!!!!
Posted by: Joe the CEO | February 26, 2009, 1:24 pm 1:24 pm
Companies don’t PAY tax, they COLLECT it from consumers…the 40% corporate tax is a tax on EVERYONE (except Obama’s cabinet, which doesn’t pay tax)…this will prolong the recession
Posted by: Paul Revere | February 26, 2009, 1:24 pm 1:24 pm
Obama is totally out of control and over his head. This is not community organizing in Chicago! Where is Tony Rezko to smooth everything over?
Posted by: John Hancock | February 26, 2009, 1:24 pm 1:24 pm
I understand that there is a pill out there to make you forget bad memories. It will be a best seller to Democrat voters soon.
As I get to know my new president, I am learning to love Jimmy Carter and Clinton. As much of a looser as either man was, they are beginning to look beter and better as I know the current president better.
If socialism can be initiated on enough aliens and non-producers, the democrats can gaurantee being re-elected ad infinitum.
I have changed my reading habits from managment books to books on how to survive as a working member of a socialist country.
Leo
Posted by: Leo Smith | February 26, 2009, 1:24 pm 1:24 pm
New taxes? Or are we just getting back to where we were before the GOP ran the country into the ground by putting everything on the govt charge card?
Posted by: SMS | February 26, 2009, 1:25 pm 1:25 pm
All items listed above that are related to oil? Well that means the cost of gasoline and heating oil are going up, up, up!
Posted by: Richard F. | February 26, 2009, 1:25 pm 1:25 pm
REVOLT!
Posted by: Jr Ewing | February 26, 2009, 1:25 pm 1:25 pm
TRICKLE DOWN ECONOMICS DOES NOT AND HAVE NOT WORKED! WE HAVE TRIED IT LOOK AT THE RESULTS!
Posted by: Angie in PA | February 26, 2009, 1:25 pm 1:25 pm
Good point about charities… here is a more important one.
I live in the OC where the average 3000sq ft 4-5 bedroom home (tract home, not a McMansion) is about $750,000. This is down from about $950,000 since 2006. In one hand, Obama wants to give tax dollars away to stop forclosures, but if he reduces the itemized write off by 20% that includes mortgage interest, then people like me (single income earner with 3 kids and a $4000 mortgage- just the interest part) now will lose about $800 in tax incentives.
This is going to put downward pressure on home prices because this affect affordability. When the 3000sq foot home drops from $750k to $700k, the smaller home, the townhouse and the condo all fall in line and lose value because why would I pay $700k for a 2500sq ft house if the 3000sq ft house dropped to $700k. Its literally a house of cards.
It translates into a big WASTE of tax payer dollars. Spend money to prop up a market that you have rigged to fail by removing the incentive for the people that actually have good credit and a 20% down payment to actually buy homes.
We bought a box of crackerjacks, and all we got was this lousy President!!!!
Posted by: SmallBizOwner | February 26, 2009, 1:25 pm 1:25 pm
Michelle Obama was correct that the marginal tax rate was around 90% in the 50′s and 60′s. What she fails to point out was it taxable income over $400,000. In other words, virtually no one paid it. In 1950, the average income was just over $7,000. Last year it was estimated around $77,000. If you kept the numbers the same, you have to tax 90% for anyone that made over $4 million. The current marginal tax however is 35% for anyone making over $372,950.
Another point to mention is during this time period (50′s and 60′s) the percentage of people who had zero tax liability was around 20%. Today it’s over 32%. In other words, fewer people are required to pay taxes today whereas a shrinking class of people are paying the lion’s share all in the name of “fairness”.
Posted by: Lance Wilson | February 26, 2009, 1:26 pm 1:26 pm
Now today the Damocrats annouced that they will seek a ban on any rifle or gun that is semi automatic. Do you know why? because the middle class and poor are next and they are armed. WAKE UP AMERICA! Get off the prozac! By the way did Obama tell you that he signed a Presidential order stating that all this stimulis money from Gov go to Union shops? Yes he did. Did he tell you that when you repal the Bush tax cuts that when you die and leave your home that you worked for to your children will now be 60% of the Governments? NO the inheritance tax will be reinstated. So You stupid Americans that voted for him will all be living in low income Gov houses. While Obam is long gone with his book deal back to Africa or India with his millions and DUAL citizen ship that he has. SHAME on ALL OF you who voted to take my pay check. You deserve the CHANGE you will end up with no house, no savings.
Idiots
Posted by: Quincy Adams | February 26, 2009, 1:26 pm 1:26 pm
Nobody wins, not even the people making under 20 grand married! Look at the numbers.
Income Tax 2000 Tax 2008
$18,000 $2700 $1898
$35,000 $5250 $4248
$75,000 $15,300 $11438
$150,000 $37,621 $30,744
You tell me what is going to hurt more. Taking $25 more dollars from a couple trying to get by on $18k a year or taking $100 a week from a couple living oon $150,000 a year? You sheep don’t even know how you are going to be abused, yet you blindly follow. I am in the $150,000 column living in a Boston suburb in an average size house with three teenagers. Myself a teenage parent. I live week to week and barely make it. That $120-160 a week extra in taxes could be the difference but I hope not. BTW I take no vacations, don’t have fancy cloths and cars, live well but not excess, i don’t know how anyone does it.
Posted by: Dave from Boston | February 26, 2009, 1:26 pm 1:26 pm
If I were Obama, the first thing I would do would be to dismiss these greedy Republican wackos from Congress and bring in people who will represent us commmon people. The house and senate is filled with blue blooded rich people who want all the breaks to themselves.
Posted by: JS | February 26, 2009, 1:27 pm 1:27 pm
1.7 Trillion Deficit projected by Obama, that is after the spending bill.
ECON 101 people. We can not spend our way out of this.
Posted by: CPK | February 26, 2009, 1:27 pm 1:27 pm
God I hate dishonest liberals that claim tax credits are the same as tax cuts. Once and for all: a tax CUT means the government says “my bad about the confiscation” and hands you back YOUR MONEY. A tax CREDIT is SOCIAL ENGINEERING where the government says “my bad, but instead of giving you back your money, I’ll give you a little bit back if you first do this desired behavior for me”. It’s not really that hard to see the difference. Tax credits are coercion and social engineering that have no place in a free market economy.
Posted by: sigh | February 26, 2009, 1:28 pm 1:28 pm
This kind of reminds me of Eddie Murphy…
For those of you who remember when he was vulgar and funny…
I can’t help but think of his mother who claimed she could “make a better hamburger than McDonalds”…
Why did Mama make the hamburger in the first place?
Because they couldn’t afford McDonalds.
Now is there anyone out there who can claim that Mama’s hamburger was better than McDonalds after hearing Ed describe it?
Please.
Now if Government is Mama and the hamburger is, say, any government run program (i.e.,Health Care) what would you rather have?
Posted by: EricBrodin | February 26, 2009, 1:28 pm 1:28 pm
I for one am glad ‘the one’ will tax rent. MAYBE the Drones will wake up then!
Posted by: Capitalism Rules | February 26, 2009, 1:29 pm 1:29 pm
And this doesn’t include the new taxes on Obama’s carbon cap and trade program. This program will increase the cost of everyone’s energy bills and will bring in an additional $1 trillion in revenue annually to the government.
The time for revolt is NOW!!!
“A patriot must always be ready to defend his country against his government.”
~ Thomas Jefferson
Now is the time! This is the place!
Posted by: Freedom Lover | February 26, 2009, 1:29 pm 1:29 pm
Will has the right idea.
Remove as many Dems as possible in 2010. At least remove the ones who just voted for the latest earmark scam. Noticed there were 20 blue dog dems that voted against it. They may want to change parties soon.
Posted by: Fred Flynt | February 26, 2009, 1:29 pm 1:29 pm
2010.
If we vote out enough Democrats in the mid-term elections we can stop this train wreck from happening.
Posted by: Will Stanton | Feb 26, 2009 1:22:24 PM
NOW THAT IS THE MOST RELEVANT, INTELLIGENT COMMENT I HAVE READ YET. LETS HAVE AT IT AND STOP THIS AND THE BRUNT OF THE DEBT RIDDEN STIMULUS.
THE ONLY QUESTION IS HOW DO WE GET THE MAINSTREAM MEDIA TO STOP DROOLING AND ACTUALLY DO THIEIR JOB. THERE IS NO SIGN THAT THE LYING SMARMY MAINSTREAM, DRIVE-BY MEDIA WILL GIVE UP ON SUPPORTING THEIR OBAMESSIAH.
Posted by: So Sick Of BO BS | February 26, 2009, 1:30 pm 1:30 pm
Obama is a crazy crazy man that is for sure. I hope Americans wake up soon.
Posted by: sharon | February 26, 2009, 1:30 pm 1:30 pm
I love the pinhead Libs who say trickle down does not work!!! Making me and every other person pay for those who do nothing and when they do it is a stupid thing….(i.e get houses they know they cant pay for.) Taxing people to pay for those who pay no taxes is WRONG!!! It is not right to make someone pay for anothers problems that they bring on themselves!
Posted by: The Truth | February 26, 2009, 1:30 pm 1:30 pm
The Obama administration is quickly setting itself up to be as big a disaster as the Bush administration.
Maybe they’ll parade him around the nation to sell this regressive budgetary nightmare once public opinion turns against it.
Prepare to bend over and make your ‘O’-face as you Obey the Obama.
Posted by: Katie | February 26, 2009, 1:31 pm 1:31 pm
Just the new “home bailout” plan is going to cost EVERY HOUSEHOLD $100. per month in INCREASED TAXES!! The patriotic citizens will not be leaving; as someone stated earlier, we are arming and coming after YOU!
WOLVERINES!!!!…………
Posted by: Todd | February 26, 2009, 1:31 pm 1:31 pm
I am so pleased. After working diligently for 30 years, paying my taxes, paying for my mortgage, putting my kids through school, and saving for my retirement, i can finally quit doing all those things. I can now quit my job, stop paying taxes, stop paying my mortgage, and can sit back and let the government take care of me until i die. I am a very happy
Posted by: edwin | February 26, 2009, 1:32 pm 1:32 pm
Drudge shows a picture of Obama sipping wine…..should my commander in chief be drinking on the job?
Posted by: Evangeline | February 26, 2009, 1:32 pm 1:32 pm
He has just spent more money than Bush in the whole 8 yrs of office INCLUDING the war. He is a dictator.
Posted by: sharon | February 26, 2009, 1:32 pm 1:32 pm
The Democrat solution..let’s give home loans to people who can’t freakin afford to pay for them! What a great idea!!! Thank you JIMMY CARTER, BILL (I did not have sexual relations with that woman) Clinton, BARNEY FRANK AND CHRIS DODD! You all SUCK!
Posted by: Marc | February 26, 2009, 1:32 pm 1:32 pm
Now I’m sure the Democrats will lose power in 2010. What a moron!
Posted by: Kellen | February 26, 2009, 1:33 pm 1:33 pm
Ha Ha JS.
You want those kind hearted types like Joe Biden. Have you noticed he gave less to charity than Sarah Palin (almost nothing). You might want to compare his income to her’s.
This is a kind hearted liberal…. no this is a guy who says one thing and does another …
watch out
Posted by: Fred Flynt | February 26, 2009, 1:33 pm 1:33 pm
Hey Judy, Waaaaa….myself all my co-workers just got pink slips. Our jobs creating and mainaining private aircraft have been downsized, thanks to politicians..waaaa…
Posted by: Alan | February 26, 2009, 1:33 pm 1:33 pm
“If I were Obama, the first thing I would do would be to dismiss these greedy Republican wackos from Congress and bring in people who will represent us commmon people. The house and senate is filled with blue blooded rich people who want all the breaks to themselves.”
——
Umm, what else? Should we start putting his enemies in jail? Heck, why not round up all the “bad” people and gas them.
You’ve really got it “figured out” fool.
Posted by: csd | February 26, 2009, 1:34 pm 1:34 pm
I’m a rich guy. I want to urge all my fellow rich guys to work for free. Donate ALL your earnings to the government, they’re so in the hole. You know what that’s like, it sucks.
Oh, hold on…what? It’s not enough to cover the government’s bill?
OK.
Hi. I’m a rich guy. I want to urge the middle class to pay more because even if I, and all my fellow rich guys donate all our money, it’s still not enough to pay for all the wonderful Obama programs. Please, do it for the state.
Still not enough?
That’s brutal.
Posted by: TAX THE RICH | February 26, 2009, 1:34 pm 1:34 pm
You Obama supporters are idiots. While Obama may not tax you directly, you are the ones who will ultimately be affected. Look at all those taxes on businesses. Business will not absorb the added expense/tax. They will pass the expense on to the consumer – - you and me!!! Businesses will raise prices on the goods and services we consume as a result of Obama’s taxes.
But, hey, don’t let the facts get in your way. All you really care about is Michelle’s wardrobe – - because that’s what matters.
Posted by: Taylor | February 26, 2009, 1:34 pm 1:34 pm
Here comes the real depression. No one……not anyone was ever taxed into prosperity.
Posted by: Rob | February 26, 2009, 1:34 pm 1:34 pm
Ok we are headed for a NEW civil war in our own streets, caused by the liberals , here is what the liberals have done in only 30 days to destroy liberty and capitalism:
1. No Representation. Obama/Dems pushed through “EMERGENCY” legislation that NO ONE REVIEWED, there wasnt time.
2. No transparency. No media outlets were allowed to see the stimulus bill, not that it mattered for most, but FOX News just one a law suit against Obama administration that forces the administration to make PUBLIC the contents of the stimulus package by March 24th…but its already signed!
3. Lies and Deception. Obama said there were no pork projects in the stimulus. Slowly we are learning over 9000 personal pork projects are in the bills inserted by democrats.
4. Attacking the Constitution. Obama identified today they are out for a Gun Ban in deffernce to the second amendment…the rationale..Mexico is getting our guns, so Americans rights need to be stripped. Who is Obama president of United States, or mexico?
5. High Crimes. Obama seeks to enact a gun ban. This is ignoring the constitutional prohibition on the second Amendment. Obama took an oath to preserve, protect and defend the US Constitution. Obama is OPENLY attempting to USURP the constitution, strip you of rights that the Constitution guarentees and PREVENTS Government from talking from you…and that my friends, by definition, is a HIGH CRIME!
6. The Declaration of Independence sets forth the requisit premise that WE THE PEOPLE are NOT to be enslaved or made dependent on Government for anything other than those items defined n the US Constitution (Making and adjudicating law for civil protection, enabling foreign trade, and defending the sovereignty of the United States to maintain our LIberty!). Taking control of privately owned banks, automobile manufacturing companies, wall street, the housing market, education..are all OUTSIDE the JURISDICTION and AUTHORITY of the GOVERNMENT. Assuming control of these means the people become dependent upon Government..violation of the Declaration of Independence.
Clearly this administration is not only socialists, by Tyrants out to steal your money, your private property via ownership of the fnancial industry, dictate you transportation needs, make you defenseless against them by removing guns, and removing your constitutionl right to FREE expression of religious, political speech. (farness doctrine, or whatever they seek to rename it as..make no mistake about it, they are doing it) This is a Government out of control.
This will only lead to war in our own streets..and the adminstration knows it, which is why they seek to disarm you..wake up or be branded the dumbest generation of Americans.
Posted by: Tom | February 26, 2009, 1:34 pm 1:34 pm
ANGIE- Nobody said we wanted OR DO WE HAVE Trickle down economics.
Clinton years- bottom bracket was 15%, top bracket 39%.
Bush Tax cuts- Bottom bracket was 10%, top bracket 35%. (the bottom bracket paid 1/3 less taxes and the top 1% increased their percentage of total taxes paid, not reduced)
Obama ran on the idea we would just let the Bush tax cuts expire and go back to what we had in the Clinton years, but thats not what he is doing.
He wants to KEEP the Bush rates for lower bracket of 10%, but raise the top bracket back to 39% and when you reduce write offs it jacks the rate to about 44%.
I Live in CA so thats 44% federal, 10.25% state, plus 11% for FICA, SS, Disability… so I am paying 65% of my income in taxes, and THEN I pay 8% sales tax on anything I buy except food here in the OC, and 46 cents gas tax (about 20%). Why I am I working so hard???
I made $60k in 2000, paid $10k in Taxes.
I made $120k in 2004, paid $17k in taxes.
I made $220k i n2008, paid $40k in taxes
My business did well in 2008, I earned $350k, and I will pay well over $130k in taxes.
I am guessing that in 5 of the last 8 years I paid more taxes than you will in your entire life, and I am sending my kids to private school at my expense because the schools here are over crowded (just doing my part to relieve the state of the burden of having to endoctrinate, er, I mean educate my child)
I have never taken one cent in unemployment, I dont cheat on my taxes, I VOLUNTARILY donate thousands to charities every year, and I am a 37 year old musician, business owner, not some 60 year old cigar smoking racist… I AM the average conservative, not the stereotypes that you left wing nuts keep talking about.
I started my business 3 years ago and employ up to 80 people at any given time, creating jobs in several states, and I give my employees PPO not HMO benefits… jeez… I am such a slime ball!!!!
Posted by: smallBizOwner | February 26, 2009, 1:35 pm 1:35 pm
Wow!!!!Here comes the depression. We are getting what we deserve. All swing voters who voted for this rube: Did you not ever realise that we all drink from the same well when it comes to finance and that business’ provide jobs, and growth? Your vote has put a dam in the stream of your own prosperity. You deluded fools!!!
Posted by: John | February 26, 2009, 1:35 pm 1:35 pm
Our business is growing despite the economic insanity taking place, however a few weeks ago we started laying people off—basically any we suspected of being a democrat–who were not exceeding their objectives
If the conservatives don’t stop this madness in 2010 we are closing the doors for good.
Laugh all you want but that’s about 50 people who won’t have above average paying jobs anymore. many more like me out there.
Some of us are tired of being slaves and having our production taken from us to support people who should never even have been born.
I wait with anxious curiosity to see what happens when the people who actually pay the bills for this country just quit.
It’s coming
Posted by: Angry white man | February 26, 2009, 1:35 pm 1:35 pm
A trillion in increases is a great headline, enough to bring the market down to virtually zero since the posting.
Annually against the 2007 federal revenue of 2,568 billion the 200 billion per year tax increase represents a 14% increase in total – every cent on the backs of the producers in the economy, Beyond scary.
Posted by: smith | February 26, 2009, 1:35 pm 1:35 pm
TRICKLE DOWN ECONOMICS DOES NOT AND HAVE NOT WORKED! WE HAVE TRIED IT LOOK AT THE RESULTS!
Then all that stimulus spending on government projects isn’t going to “trickle down” into the private sector too much, right?
Posted by: PA | February 26, 2009, 1:35 pm 1:35 pm
A poster stated.. “keep an army at the size we need..”. What is the size you would suggest? $250000 in Miami,FL., New York, NY. Chicago, IL., and yes, even California? is poverty wages. Notice also that itemized deductions are gone (No mortgage interest, no Doctor bills, nothing), so 250000 * .40 = 100000 tax bill. Do the math.
1) On people making more than $250,000.
$338 billion – Bush tax cuts expire
$179 billlion – eliminate itemized deduction
$118 billion – capital gains tax hike
Total: $636 billion/10 years
2) Businesses:
$17 billion – Reinstate Superfund taxes
$24 billion – tax carried-interest as income
$5 billion – codify “economic substance doctrine”
$61 billion – repeal LIFO
$210 billion – international enforcement, reform deferral, other tax reform
$4 billion – information reporting for rental payments
$5.3 billion – excise tax on Gulf of Mexico oil and gas
$3.4 billion – repeal expensing of tangible drilling costs
$62 million – repeal deduction for tertiary injectants
$49 million – repeal passive loss exception for working interests in oil and natural gas properties
$13 billion – repeal manufacturing tax deduction for oil and natural gas companies
$1 billion – increase to 7 years geological and geophysical amortization period for independent producers
$882 million – eliminate advanced earned income tax credit
Total: $353 billion/10 years
DID you actually read what he proposed.
Posted by: Yardman | February 26, 2009, 1:35 pm 1:35 pm
Got tax worries? Just consult Robert Wolf, CEO UBS Americas, Obama ‘funds bundler’ and member of the messiah’s Economic Recovery Advisory Board. After all, UBS has all the right ideas about their clients avoiding income tax. Ask for Bradley Birkenfeld — oh wait, he pled guilty to this scheme already.
I love transparency. Soon all our wallets will be transparent.
Posted by: Distillerman | February 26, 2009, 1:35 pm 1:35 pm
Waa! I want to hire a couple dozen union carpenters, some roofers, electricians, plumbers, laborers and landscapers to build my dream home. Now I can’t afford it. Waaaaaaaaaa!
Posted by: Joe the CEO II | February 26, 2009, 1:36 pm 1:36 pm
Obama may be a fraud, but it is Republicans who created this mess – the staggering debt AND the failures that made possible the charlatan Obama.
Enjoy the ride right-wingers – it is your creation!
Posted by: Joe | February 26, 2009, 1:36 pm 1:36 pm
8 years of Bush cost us a lot. Now it is time to pay! Did you really think there was no consequences when we elected Bush?
Posted by: Jason | February 26, 2009, 1:36 pm 1:36 pm
I hope the libs feel good now, they’ve gotten what they’ve always wanted and were to lazy to move to Europe to get it for themselves.
Posted by: Jake | February 26, 2009, 1:36 pm 1:36 pm
Can we just split the damn country up already?
The problem with the country right now is that ever 4~8 years we change course drastically.
Divide the place up, let people chose to have lower taxes / smaller government or higher taxes / bigger government. Since states are less volitile than the country as a whole, each economy could co-exist and be consistent.
That’s how the Consitution actually had it set up. The Federal Government was only supposed to be there to protect all the individual states and make sure all the states played together nice. Each state then was supposed to decide their course, because each state / region is different. What works good in South Carolina probably won’t work for California.
Working to get rid of the massive beast of a Federal government that is screwing up America is what all Americans should be for. Give control back to the states that would be better equipped to handle problems locally.
Posted by: RobertELee | February 26, 2009, 1:36 pm 1:36 pm
BO is a self-admitted drug abuser. NIH (National Institute of Health) studies show that the maturity levels of youthful users is permanently arrested at the age when abuse took place. We are dealing with a teenager here!!! He is an idealistick PUNK!!! He needs to be removed from office, or forced to stay in his hole and shut his obnoxious mouth.
Posted by: William | February 26, 2009, 1:36 pm 1:36 pm
Anyone really see what is happening here. Its the take over of America. Raise cost of fuel so no one can afford it, and we can’t produce enough of it. Weaken the defense/buget. tax away YOUR money. ETC. IT IS HAPPENING, YOU HAVE BET YOUR LIFE AND YOUR KIDS LIFE ON IT..
Posted by: Me | February 26, 2009, 1:37 pm 1:37 pm
Besides the huge inflationary problem printing all this extra money will cause, and the fact that the bailout does more to reinforce the bad behavior than correct it (because, hey, the government will step in and cover the debts – see AIG who needs yet another $60B). Tax increases will hurt charities, which will cause a need for yet another government program to pick up the slack, hurt consumers and jobs, as small business, and large for that matter, are going to find a way to make the profit that are losing out on due to increased taxes either by (1) increasing the price of goods, (2) cut jobs (expenses), (3) move off shore to a more business friendly environment which means a lot of out of work people.
In addition, it is not just the increase in marginal rates that those making $250k or more are disincentivized with, it is also the elimination of the itemized deductions. That is a large hidden tax increased tax hike right there. No mortgage interest deduction, property tax deduction, charitable deduction, health care costs, etc. So the effective tax increase is substantially more than the base 6% that one would originally think. Look at the package.
On a whole, with what is currently going on with a proposed central government and money being printed like water, I weep for my children. I just hope that since a President can’t enact anything (please note all Bush haters, and I was very much not a Bush fan, either of the 2 Bush’s, they actually didn’t do anything, it is Congress that passes all the laws, statutes, taxes, etc.) that enough “Tea Parties” will occur and enough people will call their local Congressman to stop the legislation from actually passing and, if not, that when elections come around in 2 years we elect those that can help reverse the current trend.
Posted by: Greg | February 26, 2009, 1:37 pm 1:37 pm
Relax People and take your medicine. Obama is formulating his green economy by shifting the tax incentives from oil and gas to green industries and education. Mot unlike Bush who favored his oil and gas buddies by giving them all the tax breaks. The time for big oil empires is over. Get on the bandwagon or be left behind.
Posted by: Cher | February 26, 2009, 1:37 pm 1:37 pm
words of wisdom from Dr. Adrian Rogers Of Bellvue Baptist Church, Memphis, TN:
“You cannot multiply wealth by dividing it.”
Posted by: bob | February 26, 2009, 1:38 pm 1:38 pm
we own a business and all i can say is this Obama is nuts… he is stealing from us to give to the non-achievers… may be time to sell the business.. cause it is beginning to look to socialist for us..
i don’t care what happens to the employees now… i really don’t care anymore…. i have to look out for us now.
Posted by: Rhonda | February 26, 2009, 1:38 pm 1:38 pm
Someone near the top, “reader”, asks how greedy are you? to the people who make a lot of money and wish to keep their money…well, maybe this person is forgetting what our government has turned into, a shareholding enterprise that may just be the greediest of all business in America. Remember, our government is buying out some of the largest financial institutions in America using our tax dollars…so when you take out a loan, you’re paying intrest on your own tax money…screwed up. The amount of money being thrown around is out of control, all in light of “recovery”. I’m not being narrow minded, I’m looking at the facts and I’m worried about the type of power our government is gaining each day. It is absolutely exponential. I honestly do not know how anyone can justify this kind of spending…oh yeah, by way of taxes. That makes complete sense…right?
Posted by: kyle | February 26, 2009, 1:38 pm 1:38 pm
Omentum – “good riddens”? I think the word you’re looking for is “riddance”. Yeesh.
Posted by: csd | February 26, 2009, 1:38 pm 1:38 pm
Can’t you just feel all the love here? Just makes me want to go out and hug a hornet’s nest.
Posted by: KPRO | February 26, 2009, 1:39 pm 1:39 pm
“I guess you never read the book. Atlas Shrugged. “Who is John Galt?” was the central rhetorical question throughout the book. Google it. lol”
Who is John Galt? Wasn’t that the recurring question? I think we may now need a “John Galt” day enacted. Maybe one day a week until they come to understand who exactly invents things and is truly a productive member of society – and who is not.
One day a week to boycott and / or bother the Obamacons any way you can. No employment opportunities. No tips. No patronizing their little businesses at all.
Show up at the schools for “directions”. Show up at government offices for “help”. Instead of disapearing (like Galt) – appear instead. Appear everywhere and demand things but give nothing in return. We know who these Obamacons are. Squeeze them…..make them work hard…make them account for themselves for all the “good” they try to do to all of us.
John Galt Day
Today…next week…and the week after that too.
Posted by: blackwatch | February 26, 2009, 1:39 pm 1:39 pm
I chuckle to myself when I hear Obama and the democrats say, no more tax breaks to companies that ship jobs overseas. The USA already has the highest corporate taxes in the world and now they want to add even more. So why would companies want to do business here if they can go some place else that is far less expensive?
Posted by: David Deitch | February 26, 2009, 1:39 pm 1:39 pm
OMG. I wish everyone in Congress and the White House would have to explain every penny of expenses and income. The time has come for the American People to stop taking lip service from the bureaucrooks. We deserve better, and we damn well better start demanding better.
Posted by: Jeff | February 26, 2009, 1:40 pm 1:40 pm
How do libs get things so screwed up?
I’ve read in these comments where not only are they excited that the “rich white” people now get to suffer, but that this is all the fault of the conservatives to begin with.
What? Am I missing something?
For the most part the so called “rich” in this country got there through sacrifice and hard work. Something that these liberals don’t understand.
To a lib a hard days work is standing around at the water cooler all day dodging their bosses at their government jobs.
Posted by: Jake | February 26, 2009, 1:40 pm 1:40 pm
We’re suppose to be a government for the people by the people. The republicans stand for just the opposite so they are the unamarican commies. I hope our new President will work with the demorcats in congress to disband their party.
Posted by: JS | February 26, 2009, 1:40 pm 1:40 pm
What abject supidity. The majority of the tax deductions being repealed on oil and gas exploration will simply shut down most of the exploration. That means NO REVENUE to tax. The Feds will LOSE massive amounts of revenue as a result.
Posted by: Scott | February 26, 2009, 1:40 pm 1:40 pm
Obama’s own proposal says it all. When TAX CUTS ruled the day, we averaged 228000 jobs per month created. When STIMULUS ruled the day, we averaged 99000 jobs per month created. One requires the government to spend less and the other requires the governement to print more money. Now, which one is more effective? Which is better? If you don’t know…you voted for Obama. But then again, you probably forgot that too. Leeches.
Posted by: kenn92 | February 26, 2009, 1:40 pm 1:40 pm
Can someone please explain to me how tax cuts would help the millions of unemployed Americans to get back on their feet in the near future? I don’t follow how tax cuts help someone with no job…
Posted by: tice | February 26, 2009, 1:41 pm 1:41 pm
Joe the CEO II, it is kinda hard for you Republicans to live without a credit card. You could not afford workers to build onto your house then and you can not afford them now. Live within your means!
Posted by: Jason | February 26, 2009, 1:41 pm 1:41 pm
I’m bent over and tired of excepting this stimulation. This is going to hurt this country for years.
Posted by: Champsummers | February 26, 2009, 1:41 pm 1:41 pm
Liberals are always quick to volunteer others’ money for programs that they want.
The gov’t is funny like that. Well, not haha, funny, because now I’m broke. As if business won’t pass it’s overhead onto the consumer, the low income consumer.
This is theft plain and simple. If I walk into your home and take $500 from your bookshelf and tell you that I’m going to use it to cure AIDS, I’m still going to get arrested and convicted. The judge won’t care what I’m doing.
Maybe Obama should be arrested.
Posted by: LISTERINE | February 26, 2009, 1:41 pm 1:41 pm
Dear King George, sorry about that Boston Tea Party -our bad – seems Obama wants to steal more from us hardworking Americans than you Redcoats. Heck and David Axelrod is Obama’s General Sir Banastre Tarleton.
Obama is making Mugabe seem like a saint.
Posted by: Mal | February 26, 2009, 1:42 pm 1:42 pm
I really despise anyone who voted for Obama. THOSE are the people who are responsible for the train wreck in our country right now — and the wreck that it may be for a long, long time. It’s very sad that so many people were duped by Obama, but they were just too supid and should never have been allowed to vote.
Posted by: Amy | February 26, 2009, 1:42 pm 1:42 pm
Rooseveldt + Carter on Socialist Steroids.
Brace yourselves for a long hard bad time.
Or resist.
Posted by: joeblough | February 26, 2009, 1:43 pm 1:43 pm
Got news for you The Depression of 09 has begun. Lord O will reign over the most precipitious decline in history.The
implementation of new tax combined with the expiration of tax benefits dooms private enterprise. There will be no job creation outside of the govt. The rulers
will cling to notion that they are acting in the best interest of the governed while they live comfortably expenses paid on the backs of the few remaining productive citizens.
Change is a coming and it will not be good- Time to go somewhere else……
Posted by: Lord O No | February 26, 2009, 1:44 pm 1:44 pm
Greed ! … on my part…. really ! Sounds like the Gov’t is greedy to me… Like Omentum said, stimulus in reverse. As for the so called “rich’…. Who are the rich ? Given the elimination of the Itemized Deduction (read no more deductions for Mortgage %, Health care costs, Real Estate taxes, State taxes etc…)….. my friend, the rich, is Y-O-U !!! Welcome to a socialistic style of government. You wanted change… you got it…
Posted by: Chris | February 26, 2009, 1:44 pm 1:44 pm
Re: Angie “MEMO TO THE DRUDGE HACKS,HANNITY LOVERS AND LIMBAUGH DITTO HEADS
TRICKLE DOWN ECONOMICS DOES NOT AND HAVE NOT WORKED! WE HAVE TRIED IT LOOK AT THE RESULTS!”
======================================
Because you have not been successful, don’t blame Trickle Down Economics. It definitely works. Those that want to prosper, prosper.
Tax cuts put money back into the hands of the people that earned it. I sure as he.ll know how to spend my money better than the government.
You are a sad by-product of the Democrat machine. You blame everyone but yourself for your problems. The rage you feel on this site should be a warning to all Democrats. The job you save (or kill) may be your own.
Posted by: Scott in VA | February 26, 2009, 1:44 pm 1:44 pm
Or how about we just allow those that voted for Obama pay all these new taxes? They can have the “free” money (i.e. OUR money) that the government seems so eager to give.
Posted by: AnaPatt | February 26, 2009, 1:44 pm 1:44 pm
Obama and his ilk better take their communism and move to Canada or France.
Posted by: JB | February 26, 2009, 1:45 pm 1:45 pm
Give Obama’s plan a chance?? Just look toward history to get the answer on weather this will work…
The Pelosis, Rieds, Obamas seem to have the reasoning of a child..a child sees the cookie; therefore, wants the cookie and will do anything to get the cookie without first considering the consequences of that cookie…spoiled appetite for a healthy meal…cavities…obesity…
Take farming subsidies which were introduced in the 1930′s..They are used to CONTROL PRICES of our agriculture commodities (food/clothing.) Obama wants to limit those subsidies to farmers who make 500,000 and less; however considering million dollar farming operations account for nearly 50 percent of farms today and farms with $250,000 or above are 76 percent….will any thinking person needs to take pause and ask themselves how will this affect our food prices and supplies….But Obama wants the cookie and the cookie he shall have..perhaps not our kids however..
Posted by: Parallax View | February 26, 2009, 1:45 pm 1:45 pm
A note to the Producers commenting. It’s really not worth arguing with the Leeches on here. These people ARE OUR ENEMY. You want class warfare, you got it. The Producers will win in the end.
Posted by: sigh | February 26, 2009, 1:45 pm 1:45 pm
Reader, do you realize that when you attempt to crush the people that provide the jobs you actually make jobs disappear?
“…second, so many of those tax cuts have no effect on 90% of americans. how many of you will be paying superfund taxes, or didn’t have to pay superfund taxes under bush? so, just because there may be nearly $1 trillion in taxes set to expire or be repealed does NOT mean that there will be $1 trillion in new taxes…”
No effect? Who are you kidding? Do you think they are going to take this one in the shorts? NO! They are going to reduce their staffs (a.k.a. job loss) and raise the prices of their goods (a.k.a. now you can’t afford basic needs). Apparently the $65/month “extra” we will get is going to make up for all the income, oh wait, a lot of us won’t have jobs!
Way to think that one through.
Posted by: Joe Mama | February 26, 2009, 1:46 pm 1:46 pm
Cher Commented: “Mot unlike Bush who favored his oil and gas buddies by giving them all the tax breaks. The time for big oil empires is over. Get on the bandwagon or be left behind.”
—————–
Cher, don’t be so naive. You really don’t think that higher taxes on oil get passed along to US? Didn’t they teach you in school that companies don’t pay taxes, WE DO? And do you really believe that big oil doesn’t have their influence with the dems? You gotta be kidding! The dems are just as bad as any of them, and the republicans are just as bad also. It is time to kick every one of these party hacks out! It is time for the politicians to remember that they work for us, not for the party. Remember this at the next election. Every one of them has got to go, republican or democrat!
Just so you know Cher, the cap and trade scheme is endorsed by business like Dow and the other big ones, because they know it will be a windfall to them. How does the dems help us that way? And McCain wanted a cap and trade scheme also. Open your eyes people, this only benefits business and the politicians, not us!
Posted by: Bob | February 26, 2009, 1:46 pm 1:46 pm
Who knew liberals could be so damned cruel. They label conservatives as mean, they need to look at themselves.
Just read some of these comments.
Angie from PA I’m sure you see yourself as a well educated person. Your pointing to the lack of education of people in the South? The same south that has been historically Democrat? The same south that had the same congressmen that pushed for the first NEW DEAL that put them in the state they are now?
Read a few history books before opening your mouth woman.
Posted by: whoa | February 26, 2009, 1:46 pm 1:46 pm
nearly 10 billion in tax increases to oil companies in there. Guess who pays for that ultimately? You.. everytime you fill up at the pump.
At a time when we should be expanding drilling and exploration, Obama is increasing taxation on a home industry that already faces too much international competition.
10 billion less in exploration, new drilling, and new platforms, equipment…. and most importantly. JOBS.
So much for his campaign promises that he understood we needed more domestic oil production.
Posted by: Dan | February 26, 2009, 1:46 pm 1:46 pm
Joe the CEO will be going waaaaa! when all the people who did business with him don’t have a business anymore because of the taxes. Hey Joe, it never works and besides the richest 1% in this country account for 75 to 80& of the taxes. TAX THE POOR, they drain society more than the rich!
Posted by: dg31 | February 26, 2009, 1:46 pm 1:46 pm
In Massachusetts we have the option to pay 5.8% instead of 5.3% for our state income tax rate. In the 2nd most liberal state in the union, how many people do you think volunteered to pay the higher rate out of the 660,000 returns so far this year? any guesses?
Thats right…..299 WOW, they want higher taxes, just not their own.
Posted by: Dave from Boston | February 26, 2009, 1:46 pm 1:46 pm
VOTE ‘EM OUT!
Several posters are on the right track. I will vote against every incumbent who voted for this ridiculous spending spree.
VOTE ‘EM OUT!!!!!
Posted by: spiffdeb | February 26, 2009, 1:47 pm 1:47 pm
And it is also good to see Obama laying some more pain on the oil and natural gas industries in this country. Because decreasing our dependence on foreign oil and keeping gas prices low demands that we do all we can to make things as tough as possible on oil and gas companies in this country, or Big Oil as the left likes to call it, because sticking Big in front of it all of a sudden makes it bad and suspect, unless of course it is Big Government. Then we have to prostrate ourselves in front of our Dear Leader, his holiness, Barack Obama.
The price increases that the oil companies will inevitably pass off to the consumer will result in a hidden tax increase for everyone. I guess the left expects wind farms to provide energy for us, unless of course they plan on building those farms within viewing distance of a powerful liberal’s summer home.
As with their complaining about high deficits when Bush was in office, those on the left will also stop complaining about increased gas prices which result from the One’s absolutely ridiculous energy “policies”. Of course energy prices may not increase. After all there may be no link whatsoever between the amount of taxes energy companies pay and the amount the consumer has to pay for their products and services. And in this economic fantasyland, the huge spending bills passed by the Democrats now will not have to be paid for by future generations either. And as we all know, cutting the deficit in half, as the Obama administration claims it will do, is best accomplished by spending record amounts of money and proposing new entitlements.
Seriously, anyone who complained about high deficits when Bush was in office and called the Republicans fiscally irresponsible but now supports Obama’s budgets, has surrendered the right, forever, to call anyone a hypocrite. And these same people, the one’s who had endless fun insulting John McCain’s economic acumen should be forced to wear a scarlet H, for hypocrite, around their necks.
Posted by: Mark | February 26, 2009, 1:48 pm 1:48 pm
Can someone please explain to me how tax cuts would help the millions of unemployed Americans to get back on their feet in the near future? I don’t follow how tax cuts help someone with no job… Posted by tice
================================
Simple economics really. When was the last time you got a job from a poor person? Lowering taxes both personal and business frees up capital giving businesses and individuals more flexibility to expand business and invest in their businesses. By doing that they create jobs allowing that unemployed person to get back to work. Taking money away from them has the reverse affect. Business contracts, more jobs evaporate.
The fact that you don’t know that makes me weep for the state of education in the US.
Posted by: cmdprompt | February 26, 2009, 1:48 pm 1:48 pm
The sooner we, Republicans, realize that Bush did us no favors, the sooner we can get our Mojo back and start kicking ass again. Bush wasn’t a conservative. He started a war, big whup. He’s a globalist, just like his Dad.
Posted by: kenn92 | February 26, 2009, 1:48 pm 1:48 pm
The first comment on the top – explain it all.
That person doesn’t understand how possibly tax cuts can help creating the jobs !!!!!
Remind you – people like this VOTE !!!!
Very good indication that this person voted for Obama.
Posted by: Sasha | February 26, 2009, 1:49 pm 1:49 pm
I can’t believe that the majority of Americans want this.
Posted by: Steady | February 26, 2009, 1:50 pm 1:50 pm
Everybody needs to quit their jobs and let Government take care of them, the way Obama seeks to reward the Lazy unachievers amongst us now. We can all buy million dollar houses, Porsches, and yachts, then have our fellow citizens (that are stupid enough to work hard and pay taxes) pay for them for us through Obamas idiotic policies. Seriously EVERYBODY should quit their jobs..it shuts the Government down. And then we can take back our FREE Country form the communists who have infltrated the democrat party and the media. Laugh now, but within two years you will seriously consider what I am advocting..otherwise, I predict you face a bloody civil war in our own streets…I can see that the angry US Citizen will be hunting down and executing the liberals in the streets for the high treason they committed by stealing our liberties,and destroying our FREE Nation. Even members of the the current media will try to hide, because we all know how they deliberately allowed the traitors to assume control of the Government, I can see all being executed for high treason by hiding the facts about what Obama was really doing,the raping of american wealth, protections, and freedoms. No I dont want to see it for real…it will be too horrible…but it looks like this is what liberalism brings..ironic isnt it. Isnt it the lberals who are anti-war, anti-gun? Me thinks they will be defenseless against the angry mob if that happens. Yikes
Posted by: Tom | February 26, 2009, 1:50 pm 1:50 pm
Dan M. “the mess Bush left us”?
Excuse me? This all started with the Clinton Administration, back when he was still basking in the after glow of the Reagan Revolution.
Posted by: whoa | February 26, 2009, 1:50 pm 1:50 pm
We need action.
No more talking: action.
They will not be impressed by words: they used them to lie all he time.
Action – Action – Action.
Our enemies are sitting down laughing looking at us self-destroy.
Action!
Posted by: General | February 26, 2009, 1:51 pm 1:51 pm
The tax increases will mean I’ll probably have to lay off 3-5 employees….the tards with Obama bumper stickers are going in the first round, make no mistake about it.
Posted by: stan | February 26, 2009, 1:51 pm 1:51 pm
tice,
When people have more money to spend in their pockets, they usually do. Where do people spend money? Businesses. What do businesses do when they have money? They either:
A) Expand (More jobs either for construction or hiring)
B) Pay thier employees more (more money in pockets to spend at businesses)
C) Produce more. (More things to sell which means they may need to expand or pay thier employees more)
D) Buy more from suppliers (meaning the supplier may need to expand / pay their employees more / produce more).
E) Run of with the cash (But it will still get spent at some point).
Less taxes = more spending by consumers = more jobs needed to handle demand
Posted by: JackSprat | February 26, 2009, 1:52 pm 1:52 pm
Did anyone notice that the math is incorrect on the businesses? I guess we shouldn’t task a talking head with understanding math. Another example of a job well done by the NEA/AFT.
Posted by: GARY | February 26, 2009, 1:52 pm 1:52 pm
Since the early 1900′s and the expansion of petroleum technology the human life span has doubled.
Wind and solar as viable means of producing energy went the way of the horse and buggy because they were antiquated. That means they don’t work kool aid slurpers.
Millions of people perish every year because they don’t have access to economically sustainable energy sources.
The greening of energy sources will make food collectivisation in the Soviet Union appear as successful as MacDonalds.
Posted by: mioilman | February 26, 2009, 1:52 pm 1:52 pm
“Can someone please explain to me how tax cuts would help the millions of unemployed Americans to get back on their feet in the near future? I don’t follow how tax cuts help someone with no job…”
Well, lets see. Tax cuts let people have more money. They will spend it on things. Things selling means more jobs. More jobs mean unemployed Americans have jobs that they can apply for.
How’s that?
When people have more money, they spend it on what people want. When the government gets more of your money, they spend it on what the government wants. And when’s the last time our government spent our money wisely? Hmm? Anyone?
Posted by: Bankboy | February 26, 2009, 1:52 pm 1:52 pm
You cannot help the poor by destroying the rich
Posted by: Jim | February 26, 2009, 1:53 pm 1:53 pm
Waaaaaaaaa!!!!!!!!!
I can’t buy my new German Sports Cars now. I needed Ferrarri’s, one in each color and park them at my Italian Riviera house!
Waaaaaaa!!!!!!!!!!!!!!
Posted by: Joe the CEO | February 26, 2009, 1:53 pm 1:53 pm
I’m moving my business over sees. Have fun cannibalizing your economy America.
Posted by: Leon | February 26, 2009, 1:54 pm 1:54 pm
Waaaaaaa!!!!!!
Now I can’t buy a couple island homes in Dubai!!!!
Waaaaaaa!!!!!!!!!!!!
Posted by: Joe the CEO | February 26, 2009, 1:55 pm 1:55 pm
You people that think what Obama is spending is a good thing, think about this: Every American Adult could have been cut a check for 15 to 20,000 dollars for less than what they are spending. Do the math, you will see. This money is only going to help their donor buddies and make more people dependent on the government. If this really was meant to help the economy, this money would have went to US, not to keep bailing out their buddies, and the dems are just as guilty as the republicans. Think of how each of us getting a check for that much would have stimulated the economy, and probably would have pulled the rest of the world out of the recession also. There would be no sector of the economy that would not have been affected. There would be no excuses for bailouts. Cars would be sold, debt would be paid, freeing up credit, manufacturers would have to hire, etc. Combine that with tax breaks for businesses, and it would have been self-perpetuating.
You people that believe that Obama is doing this for us are flat out wrong. IF it was for us, the money would have come to us, and WE would have stimulated the economy from the bottom up. If they are going to spend this much anyhow, why not give us OUR money back to solve the problems?
Posted by: Bob | February 26, 2009, 1:55 pm 1:55 pm
You cannot help the poor by destroying the rich
Posted by: Jim | Feb 26, 2009 1:53:24 PM
=================================
love your choice of words
help and destroy
how about
help and equalize.
nobody is trying to destroy no one.
Posted by: Omentum | February 26, 2009, 1:56 pm 1:56 pm
Lying Liberal Scumbags!
Posted by: Porkchop | February 26, 2009, 1:57 pm 1:57 pm
Tax and spend…tax and spend…I’ve seen this movie before, and it does not end well. For you fools who are all weak in the knees and tingly over every syllable B. Huessein Obama utters, remember this: The plan we are seeing, the money that is being spent, and the power that is being grabbed all amount to Socialism. We told you during the campaign that he was a Socialist, and all you said was, “Hope and Change.” Well, you’re about to get the changed that you hoped for, and when it’s all said and done, you will not recognize our once-great nation. Damn fools, every last one of you.
Posted by: Ohiowordguy | February 26, 2009, 1:58 pm 1:58 pm
Remember, very few politicians pay their own taxes!!! Ever wonder how they all get so wealthy!!! We need to be more observant…there isn’t a poor politician around for long!!!
Ignorance astounds me when it comes to taxes…very few even understand the tax code. But all you who think $250,000.00 is rich can’t even guess how much these folks have to pay each year!!! You just want them to pay….well the $ amount is disgusting…seeing all the waste our government spends it on….”The chickens will come home to roost….”
And to these enviro wacko’s who don’t want us to drill because of global warming….what a joke….Take a good look at Dubai today…that is your American dollars at work…Google it …I dare you. Drilling is drilling, why is it ok to drill there and not here…. Oh I know!!! kickbacks to our politicians!!! Selling of our country to third world nations!!!! Funding Al Gore’s family business… for solar panels that cost $30,000 and reduce your elec bill by $30… Great investment!!! WAKE UP This is all about changing the Rockefellers to the new Socialist Liberal Elite….who want way more than money…. They want to control every part of your life…..But do a little research before you’re completely duped…..These pie in the sky liberals are also getting very rich off of your backs.
Posted by: lynETTE REICH | February 26, 2009, 1:58 pm 1:58 pm
OMENTUM
Donnie and Marie hahah lolol, And lets not Forget Michael Steel is Gonna put a Little Hip Hop in their Party And Make it Off the Hook hahahahahahah ahahahahahahahah lolol
Posted by: Angie in PA | February 26, 2009, 1:58 pm 1:58 pm
Yay socialism.
All that money that was going to be saved in “taxcuts” plus thousands more can leave my family’s dinner table to fund obama’s new deal. I feel so cheated…
Posted by: Jason | February 26, 2009, 1:59 pm 1:59 pm
Everyone needs to cut Obama some slack. Remember, this is the FIRST TIME he has ever put a budget together. He never did any budgeting as a community organizer, his 143 days in the US Senate didn’t prepare him for this, and all he did as an Illinois State Senator was promise botanical gardens that never got built. Obama’s the most inexperienced person to ever be president, and he’ll need 10 years or so to learn. Obama is an intellectual lightweight, and his glaring weaknesses are showing.
Posted by: Larry | February 26, 2009, 1:59 pm 1:59 pm
Waaaaaaa!!!!
I’m going to have to pay the same amount in taxes I did 10 years ago!!!
Waaaaaaaaa!!!!!!!
Posted by: Joe the CEO | February 26, 2009, 1:59 pm 1:59 pm
“From those according to their means,to those according to their needs” It does not matter that those in need are quite often unwilling to improve their lot and become independent of Mother Washington,they are willing to just get by as long as they can do so at the expense of the working class.
Republicans will take us into socialism slowly while Democrats are trying their best to do it in the next four or eight years,both parties are corrupt….I would like to see a third party that would actually obey the U.S. Constitution as it was written,unfortunately it would soon be taken over by the lawyer class and we would be back to defining the meaning of “is”.What does it really mean.
Posted by: papabear47 | February 26, 2009, 1:59 pm 1:59 pm
“Help and equalize”????
Who was helping and equalizing me when I was going hungry and going without to pay my way through college? Who was helping and equalizing me when I was working day and night to get ahead? Who was equalizing me when I missed my son’s soccer games so I could work to insure I was able to pay for his college?
You only want equal when it doesn’t involve any hard work and sacrifice on your part. You want equalizing when it involves taking from someone who has scraped and sacrificed and giving it to someone who sits with their hand out.
Posted by: spiffdeb | February 26, 2009, 2:00 pm 2:00 pm
You get what you vote for! In this case, it’s a guy who has no idea what he is doing. The vetting process should of been better for the Democrats, because Obama will sink them in 2 years and then 4. Although Republicans need to get back to conservative principles.
Posted by: Jimmy Stewart | February 26, 2009, 2:00 pm 2:00 pm
OMENTUM
Donnie and Marie hahah lolol, And lets not Forget Michael Steel is Gonna put a Little Hip Hop in their Party And Make it Off the Hook hahahahahahah ahahahahahahahah lolol
Posted by: Angie in PA | Feb 26, 2009 1:58:29 PM
===================================
hahaha how could I forget MC STEELE
Yeeeaahh Booyeeeeeee!!!!!
Posted by: Omentum | February 26, 2009, 2:01 pm 2:01 pm
And the South will rise again! This time in victory and preservation of what we have left that makes us America
Posted by: Gen. Lee | February 26, 2009, 2:01 pm 2:01 pm
I, like many,many others here are not the least bit surprised that a “Tax and spend” liberal Democrat is indeed going to tax and spend.And now,with his myrmidons and cult worshipers you people elected to the congress, he is able to do it in historic proportions like a kid deprived of candy for years trying to make up for lost time.
Posted by: Don Foster | February 26, 2009, 2:01 pm 2:01 pm
Democrats make me sick. Such unoriginal thinking – tax / spend. Raising taxes will lower revenue it is proven! Lowering taxes raises revenue and peoples standard of living at the same time.
Posted by: TJO | February 26, 2009, 2:03 pm 2:03 pm
Some of my latently liberal, educated friends who voted for Change and Hope are, even this early in the game, having difficulty making eye contact with me these days. Just wait till it gets reaaaaaly bad in say, 3rd quarter ’10.
But I will never say “I tried to warn you.” Why bother.
Posted by: LDC | February 26, 2009, 2:04 pm 2:04 pm
Obama will make my thrifty neighbors pay for my mortgage, insurance, and food…but will he make them pay my cable bill so I can watch ABC & MSNBC all day?
I need to hear how great the Obamessiah is, at all times!!!
Posted by: Fat&Happy | February 26, 2009, 2:04 pm 2:04 pm
Waaaaaaaaa!!!!!!!
How will I afford all my trips around the world to spend my money in other countries now?
Waaaaaaaaa!!!!!!!!
Posted by: Joe the CEO | February 26, 2009, 2:04 pm 2:04 pm
We’re sunk! These guys will make Carter’s administration look like the best one since G. Washington.
Posted by: Rick O'Shea | February 26, 2009, 2:04 pm 2:04 pm
Between this “budget” and his “speech” the other night, you can see just how much Obama hates those who achieve. His visceral hatred for the hard-working and successful will bring this country to its knees. Obama is the most divisive and hateful president we have ever had, nd he’s clearly hoping to instill the same hatred in the hearts of the average American.
Obama won’t quit until there is another Krystal Nacht against the “rich” and we’re all poor because only the government has all the money
Posted by: Impeach Obama | February 26, 2009, 2:04 pm 2:04 pm
John Galt my friends! Mr. Obama cannot tax his way out of the reckless spending he and the Pelosi crowd will impose on this country. With the current economic outlook, it’s just a matter of time but change is coming that no one thought was possible just a few months ago. Sadness and pain will give no quarter.
Posted by: mark | February 26, 2009, 2:05 pm 2:05 pm
Obama’s Economic Master Plan = Trickle Up Poverty. This is the end of the American dream…
Posted by: Patrick | February 26, 2009, 2:05 pm 2:05 pm
Jimmy Carter has returned.
Posted by: larry mcgarry | February 26, 2009, 2:05 pm 2:05 pm
For all of those that think you should take from those that earn and give to those that dont, why not say thank you and stop complaining. Those “rich” people are already paying for those that sit a home and sponge off their hard work. For once, be greatfull and thank you tax-payer for all you already do for me.
Posted by: Heath | February 26, 2009, 2:06 pm 2:06 pm
A liberal will give away anything he doesn’t own.
Posted by: sandcrab1612 | February 26, 2009, 2:07 pm 2:07 pm
time for atlas to shrug or maybe at least twitch a bit. maybe its time for the producers to sit home for a while. after all we have been told by the Dear Leader that prosperity and job creation comes from the bottom up. well, to quote Judge Smails, “were waiting.!”
Posted by: RonP | February 26, 2009, 2:07 pm 2:07 pm
we’re *expletive*ed
My husband and I both work, we have two toddlers and we live in the northeast. Half of my income goes to child care and mortgage, and now I’m going to have to pay the other half over to uncle sam. Why bother working? Thanks for being progressive Obama. Wasn’t Michelle supposed to champion the working woman????
Posted by: cordelia525 | February 26, 2009, 2:08 pm 2:08 pm
Obama has secured the deal for me….My family and I are moving to Costa Rica in 2012 to make sure my son will have something to work for in the future. The Congress, with the two party dictatorship, are slowly strangling the American Middle Class. Now, with President Obama’s new tax and spend plans that will be rubber stamped by these Congressional nobles, I don’t believe that a positive future exists for my son. It appears that the American Golden age is over (1945-2008). RIP
Posted by: Pura Vida | February 26, 2009, 2:08 pm 2:08 pm
#1 in the article is a prime example of how the MM is lying to you. The higher taxes are for families with over $250,000 income, not persons. Thus if a husband and wife each earn $125,000 the threshold is $125,000, not $250,000
Posted by: kmgkus | February 26, 2009, 2:08 pm 2:08 pm
But Bush’s tax cuts worked out so well! Look at what it has left us, why change anything?
Posted by: Jefferson | February 26, 2009, 2:09 pm 2:09 pm
It’s okay everybody, obamama is here to save the universe!!
Posted by: Savior Obama | February 26, 2009, 2:09 pm 2:09 pm
The problem with believing whole-heartedly in trickle-down economics is that there is no logical ending point. If lowering taxes on business and rich people is ALWAYS a better idea, and raising them is ALWAYS a bad idea, then where is the ending point? The next logical step is that we should not tax businesses or rich people AT ALL, because (according to the trickle down theory), every time we cut their taxes, it creates an incentive for them to create jobs.
Taking the argument to its logical consequence, then, we should only be taxing people who don’t create jobs for others — low income employees. That way, governmental taxes won’t “impair” the ability of employers to create jobs.
On the other end of the spectrum, it is the demand of consumers that fuels growth. Absent consumer demand, it doesn’t matter how little we tax employers, if there aren’t enough consumers with money available to spend to spur economic growth. Which in turn spurs employment.
Obviously, there must be some balance. That balance is something that economists can debate endlessly, and every time the economic fundamentals shift somewhat, the answers may change.
Repealing the Bush tax credits, in and of itself, can’t be viewed as a step inconsistent with economic growth. The economy did flourish in the second Clinton administration — WITHOUT the Bush tax cuts — and we did achieve a balanced budget by the end of the Clinton administration — again, WITHOUT the Bush tax cuts. So arguing that repealing the Bush tax cuts is inherently and obviously bad – contradicts the empirical evidence.
The greater concern here is the unfortunate level of vitriolic hate emanating from many people. I do realize they would be happier, and less angry, if the election had gone the other way. But the issue of how to balance between competing interests is one that reasonable people do, indeed, differ over. And it is unfortunate, in my opinion, that some people are so intolerant of others’ views. And so unwilling to accept that after a fair, democratically held election in which so many people disagreed with them, a change in policies might be appropriate to take into account that their views did NOT carry the day.
There’s a balance there, too, which is difficult to achieve. But turning into screaming ideologues, and closing your minds to the reasonable, rationally held opinions of the MAJORITY of people who voted differntly than you — is neither productive, nor respectful of the American democratic process.
Posted by: alan | February 26, 2009, 2:10 pm 2:10 pm
Joe the Plumber was right!!!
Posted by: He's right | February 26, 2009, 2:10 pm 2:10 pm
Name one person you know who got a job from a poor person. … Anyone??
Taxing the “rich” is a sure way to slow the economy even more. Simple economics … increase the price of something, you get less of it. Taxes are the “price” of economic activity.
Tax CUTS stimulate the economy (it worked for Kennedy, Reagan, and Bush.)
The American people elected this clown, based on soaring “feel good” rhetoric with no specifics. They ignored his far-left history, and projected all their own hopes for the future on the blank screen he offered. (Not unlike Jimmy Carter, really.)
I suspect Obama will be slightly less effective than Carter, in the long run. Both lacked executive management skills, had little experience in national economic or security matters, and believed the power of their “change” mantra would be enough. At least Carter had a strong moral base for this actions. BHO is more interested in how he can increase his power.
What else can we expect from a narcicist who published his own autobiography before he had accomplished anything?
Posted by: Mike | February 26, 2009, 2:10 pm 2:10 pm
How is international reform considered a tax hike…. isn’t it more like getting the cheaters…
Posted by: R. | February 26, 2009, 2:10 pm 2:10 pm
This Soros and Weinstein funded idiot is going to destroy this country, then attempt to rebuild it in his own image – one that would make the founders roll over in their graves. His claim that he will have to come back to the voters in four years is specious – with the lopsided support of the mainstream media this guy will never be taken to task for his foolish mistakes.
And naturally – no matter what happens -the mainstream media – which is the real problem in America today. The main stream media, ABC included, consitutes one seamless whole.
What we need to challenge the anointed one is a dedicated conservative network – not something “fair and balanced” but something that is biased toward conservatives. A COMMERCIAL network – the libs did something like that and its called PBS.
Posted by: B. Samuel Davis | February 26, 2009, 2:11 pm 2:11 pm
The Obama regime and indeed the whole US govt. is losing all credibility and legitimacy–because of insanely high taxes, bailouts without end for corrupt Wall Street interests, unlimited welfare, mass illegal immigration, more and more restrictions on our freedoms. Against the will of the American people, we’re being forced into a socialist soft-dictatorship that may well become a hard and brutal dictatorship whenever the elites want it to. This is worst threat to America since the civil war over 140 years ago.
Posted by: D.L.N. | February 26, 2009, 2:11 pm 2:11 pm
Since it will take 10 years for Obama to learn the ins and outs of budgeting, as a previous commenter suggested, then perhaps he should be proactive, suggest repealing the 22nd Amendment, and become our President for Life. Why not? Venezuela did it. Heck, why don’t we just invade Canada, Mexico, and all of South America, united under the banner of Obama, and embrace the mantle of Empire which is so obviously set before us.
I can see it now… The United American Empire… UAE… That acronym’s free, isn’t it?
Posted by: Kevin | February 26, 2009, 2:11 pm 2:11 pm
I have to admit that I voted for Obama and I thought it was best for the country. Now I am having doubts. It seems he is going double down on this economy. I’m worried that he may not know what he is doing.
Posted by: Eric | February 26, 2009, 2:11 pm 2:11 pm
Do we get a bail-out if we can’t afford the Obama tax-hikes?…..I’m a middle-class family w/three kids and house and building a struggling business…Maybe I oughta just go on welfare!
Posted by: RobofNYC | February 26, 2009, 2:11 pm 2:11 pm
But Bush’s tax cuts worked out so well! Look at what it has left us, why change anything?
Posted by: Jefferson
———
SOOOOO, uhhh, we should give it to the government? That makes sense. (for those of you with no sense of humor, that was sarcasm)
Posted by: bob | February 26, 2009, 2:12 pm 2:12 pm
A little over a month in office and this president is already proving to be a national disaster. I work two jobs, was putting away a good chunk of change for retirement, now, why bother. Anyone know where I can sign up for welfare? I suppose that’s the change I have to belive in.
Posted by: Patrick | February 26, 2009, 2:13 pm 2:13 pm
I and several of my friends voted for Obama, and we now want to retract our votes. It was a huge mistake to vote for this idiot and we want to change our votes. How can we do this?
Posted by: Diane | February 26, 2009, 2:13 pm 2:13 pm
Say goodbye to the small business. The price of EVERYTHING is going up; taxes are going up, inflation is going up, unemployment is going up, personal defaults are going up!!!! What happens when they run out of things to tax? Hmmmm!!!!! we will be there sooner than later folks.
Posted by: ratdog | February 26, 2009, 2:14 pm 2:14 pm
I’m worried that he may not know what he is doing.
Posted by: Eric
——
Oh, he knows exactly what he is doing. Remember the song “ten Years After”? “tax the rich, feed the poor, till there are no rich no more.”
The objective is not to make everyone rich, or to increase their wealth, it is to make everyone poor and equal that way. Hey, it worked for a long time in the old Soviet Union.
Posted by: bob | February 26, 2009, 2:15 pm 2:15 pm
But Bush’s tax cuts worked out so well! Look at what it has left us, why change anything?
====================================
Those tax cuts were in response to 911. A terroist act that almost collapsed the financial markets, the cuts saved all people money and prevented it. Now the housing collapse is what has brought us to today. Its what happens when bubbles burst. Spending when you do have the money is stupid, doesnt matter what your party beliefs are.
Posted by: Heath | February 26, 2009, 2:15 pm 2:15 pm
VOTE DEMOCRAT VOTE FOR HIGH TAXES!!
GET IT??
Obama is a liar and a demagogue.
- The Federal Government is primarily responsible for the credit crunch and the recession! Obama lies when he blames business.
- We can’t tax our way to prosperity.
Rasing taxes on the rich will kill jobs and injure the private sector.
We can’t spend our way to prosperity.
Obama lies when he says the stimulus will create jobs; it will only create Government jobs and kill jobs in the private sector for a net loss of jobs.
If the STUPENDULOUS package was such a great deal, why was it passed in such a great hurry? Why didn’t the Democrats leave it for public review so we could all marvel at their brilliant plan?
Posted by: DemsWantPower | February 26, 2009, 2:15 pm 2:15 pm
President Obama
Thanks for keeping true to your words and spending the taxpayers money so foolishly, we appreciate you, and thank God you only have 1,423 days left on your term.
Please remember 2010 will also stifle your efforts because your spending and taxing methods employed strictly by a partisan congress Democrats, will allow the Republicans to gain control of Congress again, your lackeys will be going home for good. You will have proven we cannot afford your style of government.
Socialism works great until you run out of taxpayers money, then anarchy takes over, historically proven.
Posted by: Smokey | February 26, 2009, 2:15 pm 2:15 pm
The headline is misleading. The so-called “trillion” is totaled over ten years. That’s 100 billion per year, or around 1% of GDP in an economy that has a GDP of roughly 10 to 15 trillion per year, depending on which recent year you choose. Personal consumption expenditures in recent years have been in the range of 8 to 10 trillion per year – the so-called “tax increase” is thus roughly in the range of 1% to 3% of total consumption. Keep in mind also that the wealthiest 5% of Americans have taxable incomes that total somewhat more than 1/3 of all taxable income.
Furthermore, as George W Bush (the only President to have an MBA) surely knew well, you make decisions in the light of alternatives. Rightly or wrongly, the new Administration inherited a gigantic deficit. That deficit was the best alternative available at the time the crisis hit. The criticisms of the TARP program were mostly hot air – few people (aside from Peterson) understood just how serious the crisis of late 2008 was. TARP didn’t solve all the problems, but it kept disaster from happening. Now the new administration has to finish the job by engineering a recovery. I strongly suspect that even if a “conservative” had been elected in 2008, we’d be getting a recovery program that looks pretty much like Obama’s – maybe a few billion different here or there, but, on the whole, not too different. It’s not a left-right or Republican-Democrat issue.
The real problem is timing the stimulus, the cutbacks, and the tax increases. For Obama’s plan to be successful (or for anyone else’s plan), you have to get the events timed just right. If the stimulus, for instance, is kept going too long, you’ll get ruinous inflation. If the program cutbacks come too soon, you get recession or depression. Any administration would have the exact same problem.
Posted by: Old Guy | February 26, 2009, 2:15 pm 2:15 pm
Well, America you got yourself led into electing this fool by the mainstream meda. Now you pay the consequences. Notice that WEALTH is not taxed which leaves the oligarchs who arranged for the annointed one to be elected are not going to be touched.
Well, we soon all share something together – poverty that is. Being middle class was fun while it lasted.
Posted by: B. Samuel Davis | February 26, 2009, 2:15 pm 2:15 pm
MARC
Im Not being Childish, Im simply Quoting the Leader of the RNC MC Steele but I do feel like Im on a Rush Limbaugh Blog!
Posted by: Angie in PA | February 26, 2009, 2:16 pm 2:16 pm
Wow
I am getting my house for free.
&
I lost my job.
My wife left me.
I will a check from Obama.
Life is good.
Posted by: spike | February 26, 2009, 2:17 pm 2:17 pm
Ahh! This is a top rated action thriller that you never could find on TV. In fact, the BHO ratings service has seen a huge surge in viewership. It’s now the #1 action thriller on the network.
Everyone is waiting in suspense… The bad guys in DC are gangs… We don’t know if there are any good, self-sacrificing heroes out there. Perhaps they will march. Perhaps they will protest with their money. If the heroes aren’t activated….. it will truly be an action thriller tragedy, that will end in the destruction of the USA.
Posted by: JimmyO | February 26, 2009, 2:17 pm 2:17 pm
Obama’s magical math will work because he wills it to be so.
Didn’t you read the memo?
Posted by: JR | February 26, 2009, 2:17 pm 2:17 pm
/// I do not understand how someone could possibly think that their work is so valuable that they should make 100X more than another person.///
The law of supply and demand. You make $10/hour because, frankly, you can be easily replaced in a heartbeat by any person walking on the street while it takes (generally, of late far too many have erred greatly) a keen mind to successfully manage a mulit-million dollar company.
Class envy is a common trait amongst Obama supporters, btw. Good luck climbing out of the economic strife that your poor life-planning has placed you.
Posted by: RW | February 26, 2009, 2:18 pm 2:18 pm
I thought I would be able to deduct the interest on my neighbors house given that Obama’s going to force me to pay for his house. Now I can’t even deduct interest on my own house.
Why do I work so hard? Is there any point to attending college and starting my own business.
Posted by: Steve | February 26, 2009, 2:18 pm 2:18 pm
Power to the People, Power to the People. Power to the people, power to the people right on… Yeah, baby we are getting the government we deserve..
Posted by: The Box | February 26, 2009, 2:18 pm 2:18 pm
It is times like these I feel our founding fathers knew the future better than we ever could.
The days or bareing arms to defend ourself against foes foreign and DOMESTIC are comming. One can only hope our men and women in the services choose to side with the few good and decent people left in this country, not the Media & Hollywood educated Democrats who think life is about equality and fairness.
Funny how Obama seems to be follwing the playbook that lead to the American Revolution. He already wants the assault weapon ban back in place so he can begin to disarm the American people… You can have it when I am dead
Posted by: Gen. Lee | February 26, 2009, 2:19 pm 2:19 pm
America was a good idea when all the land, positions, freedom and such were nowhere to be had in Europe. Those people, who felt the need to risk, hard work, and were not afraid of self sufficiency, left. Those who had it good, lived in a big abstraction and were risk adverse stayed. The cowardly, always wanting a free ride where they could be the Europeans of the new world, waited until those who accepted risk tamed the east coast and then moved there–those who would accept risk then moved inland. The cowardly followed when things were tamed and finally the risk had nowhere to go and either died out or were assimilated into the cowardly. The cowardly now owns it all and like Europe, America is becoming a dead bloated cow. The cowardly will eat up its own putrid fat, drain its own teats of spoiled milk by self sucking and without those that it can parasite off of it will become….well, civilization!
Posted by: allen antrim | February 26, 2009, 2:20 pm 2:20 pm
To all you clowns that voted for Obama and will lose your job in the next year. You got what you wanted so live with when your taxes go up next year. I will not be participating in the Obama recession nor will I follow his constant bilge. Thus I will be happy living my life at my current level and all you idiots can suffer, whine, and moan I George Bush screwed you over. Enjoy the next 4 years, I know I will while smoking a $20 Ashton ESG Cigar and drinking some 25 year old Scotch. Paul Harvey…Good Day LOSERS >>>>>>
Posted by: James Crontal | February 26, 2009, 2:21 pm 2:21 pm
I hope all you morons who got duped into voting for Obama finally realize you have voted for a total spending maniac! I sure hope you enjoy him spending your hard earned bucks and you can watch your country go down the tubes!!
Posted by: Darlene | February 26, 2009, 2:22 pm 2:22 pm
Re: “No one is suggesting that we raise taxes to 90% for the reasons you have listed. That doesn’t mean the top tax rates shouldn’t be raised at all. The income distribution is simply too skewed to the rich right now and needs to be stabilized, expanding the middle class and (therefore) the true engine of our economy.”
————————————
Why don’t you get it? There simply isn’t enough money to fund Obama’s Socialist plans. Even if you taxed the rich at 100% of their income, it would only pay for half of Obama’s spending increases.
The other half will fall like a sledgehammer on the middle class. Remember, Obama’s strategy is to look you in the face and lie to you. Read the Rulebook for Radicals. Read up on Obama, Cloward-Piven strategy.
You have been had. I’m afraid a second Revolution may not be far off.
Posted by: Scott in VA | February 26, 2009, 2:23 pm 2:23 pm
“how about just a simple sense of proportion”
I agree Betsy. Does this mean that if you are in the 15% tax bracket, you’ll volunteer the other 24.5% of your income to the government out of your “sense of proportion”? I’d love to see that happen.
I don’t make over 250k, but regardless of my income level, I guess you could paint me as “greedy” as well, because I wouldn’t want to government to take almost half of my money.
In case you are wondering, dictionary.com can help you learn the meaning of words like “proportion” and “greed”.
Posted by: Virge | February 26, 2009, 2:23 pm 2:23 pm
I know everyone wants to complain about tax increase… But we’re in a massive financial situation and I can’t imagine that we can go on in a world of debt without dedicating some of our financial resources to paying it off. I own a small business and receive a significant portion of my income from capital gains. I have expected to see an increase in my taxes for a long time. Bush cut taxes and then spent tons of money and any person who has balanced a checkbook knows that type of behavior will bite you in the butt one day.
Posted by: MC | February 26, 2009, 2:23 pm 2:23 pm
As evidenced by these blogs, there is no shortage of stupid people in America. Amazing that there are still whack-jobs here claiming Obama is not a citizen!
Posted by: William J. LePetomane | February 26, 2009, 2:23 pm 2:23 pm
You left out the tax collected from the emissions cap and trade scheme. His budget assumes annual revenue of up to 300 billion dollars which will be passed on to the consumer.
Posted by: Les | February 26, 2009, 2:23 pm 2:23 pm
interesting how his increases take place right before the 2012 election. That way, the damage won’t take place until after he’s reelected.
Posted by: mikey b. | February 26, 2009, 2:23 pm 2:23 pm
He’s doing just what I said he would do. We’re doomed.
Posted by: Gary | February 26, 2009, 2:24 pm 2:24 pm
yes digging out of this historic hole proudly given to us by the doofus manchild {gwb} and his disaster team {the gop} is going to take a lot of money and a long time … a good first step is taking back ALL that was stolen from us the people of the u.s. and putting the crooks in jail … “the time for justice is always now” … truly it is the blind who can not see …
Posted by: epoch | February 26, 2009, 2:24 pm 2:24 pm
I can’t believe that the majority of Americans want this.
Steady,
Majority of Americans don’t want this and didn’t vote for this. Remember ACORN. They’re growing stronger with tax dollars everyday. Every state will look like Minnesota in the next election.
Posted by: Fred Flynt | February 26, 2009, 2:25 pm 2:25 pm
Can’t wait for oil prices to rise as a result of all these cuts to the oil companies. Do supporters of this plan really think that the increase will NOT be passed on to the consumers? Please explain to me how giving tax breaks to those that contribute THE LEAST to our economy and taking more money from those that already contribute THE MOST will do anything. Of course, this is a dream come true for income redistributionists. If someone could just point out a single instance in history where this has been successful, that would be awesome.
Posted by: Dave | February 26, 2009, 2:25 pm 2:25 pm
Bush is at fault for not taxing us more, borrowing too little, not increasing every department of government enough. Come on, if the government just hires us all for say 149,000 a year each, and we pay 50% tax we should be broke by lunch. As long as there is a contingency plan for beer production, i’m ok.
start growing your own food.
Posted by: antiDave | February 26, 2009, 2:26 pm 2:26 pm
I will be stopping tipping. I don’t have a maid or landscaper, but believe me, I never will, so those people will go unemployed. I will stop completely all charitable donations. THe government will be taking it all. Sorry for those who will be impacted by my trickle down non-spending. You have to feel some pain, too. My husband worked himself through 3 degrees to finally after 20 years at a career get to $250,000 a year. I have had it.
Posted by: jngcabot | February 26, 2009, 2:26 pm 2:26 pm
Obama loves Lincoln so much he wants to start his own Civil War! Thankfully demo’s don’t even know how a firearm works so this should be a one sided war
Posted by: Old Abe | February 26, 2009, 2:26 pm 2:26 pm
Reading through these comments, it’s easy to see who the wealth producers are and who the wealth sharers are. People who rely on others for their money (whether they are employees or welfare recipients) say, “You go Obama.” People who create wealth by employing others and rely on their own hard work to gain income directly from their customers — not from someone providing a paycheck — are realizing that Obama is a one-way ticket to destruction.
Posted by: DaveS | February 26, 2009, 2:27 pm 2:27 pm
This nonesense Obama has planned for more taxes and socialized medicine is only the beginning. Just wait for cap and trade, courtesy of Al Gore and the global warming nut jobs. This will affect the cost of EVERYTHING. No one will be immune. Then there is Obama’s plans for free tuition for every college student, courtesy of the, all together now, American taxpayer. NUTS!
Posted by: Patrick | February 26, 2009, 2:28 pm 2:28 pm
Truly astounding the wealth envy Democrats have created and is expressed in some of the posts here. By liberal definition, I would be one of the evil rich. Nevermind I worked 2 jobs, put myself through college, then worked long hours to become successful financially. Now, I am told by liberals that I am awful for doing so because these liberals have their hands out. Those who are lazy seem to have no issue whatsoever sticking their hands in the pockets of those who work hard. This is just more tax and spend liberalism run amok in Obama’s budget. Whatever happened to self-reliance in this nation?
Posted by: DrJames | February 26, 2009, 2:28 pm 2:28 pm
Hey Obama supporters…..how’s it working out for you? I really hope you didn’t intend on having a future or any financial success as you have given it away. Anyone having a little buyers remorse? There are history books full of facts that you should have taken the time to read. History can tell you what to watch for but you got so caught up in the speeches and flash you forgot there was no substance. You did this now own it! Unfortunately I will be there with you but with a clean soul. I did not support Obama or fall for any of his empty speeches. Remember the the phrase…”NOT IN MY NAME”? There you have it…Congratulations on your new President.
Posted by: Cindy | February 26, 2009, 2:28 pm 2:28 pm
Hey I know we Should of Elected Mccain and his Barbie Side Kick, Yeah we would of Stayed in Iraq Forever and Afghanistan,Probably would have gone to war with Iran! We would Keep Borrowing and Borrowing Money from China,We would of Drill baby Drill.And things would of Pretty Much stayed The same as The last 8 Years, If not Got worse. And god for bid Something happen to Mccain then Barbie would of Been President well you all Know the Story from there!
Posted by: Angie in PA | February 26, 2009, 2:29 pm 2:29 pm
OK it’s like when we were in college (the last eight years) and we kept spending and borrowing like there was no tomorrow. Guess what….tomorrow has arrived and now we have to repay for the foolishness of the last 8 years. So get, give up and grow up. Did you really thing $1.50 gasoline and 105% mortgages with no income verification were the norm?
Posted by: Obvious.... | February 26, 2009, 2:29 pm 2:29 pm
Is anyone, on any side (lefties, righties or up-the-middle), actually interested in the truth anymore? All I see are people just interested in “my side is right / your side is wrong” arguments, from top to bottom of the economic-claseses of this country.
NO ONE IS HONEST ANYMORE!!! And I mean, no-holds-barred, blatant honesty, because NO ONE wants to take personal responsibility for their own actions.
God help us all.
Posted by: Mike C. | February 26, 2009, 2:29 pm 2:29 pm
Any married couple with a 2 person family income over $250,000.00 is stupid to keep working. The person with the lower salary should quit working immediately! Why work if the government is going to steal your paycheck? QUIT! Then you won’t pay higher taxes and you can get all the free stuff that Comrad Osama promised! And whatever you do DON’T INVEST in the stock market because your capital gains will be stolen by the government.
DOW 3,000 – here we come!!!!
Posted by: MaryAnn | February 26, 2009, 2:29 pm 2:29 pm
Excuse me guys, but just WHO do YOU think OWES all those debts? WE DO!!
We’re Americans who have spent MORE than we have earned; while taking advantage of gov’t spending programs that are MORE than we PAY into them.
So, WHO is responsible for ALL of that?
WE ARE! Those of you who are complaining need to get a dose of REALITY. The FANTASY is OVER!! WE either will pay our way with funds, OR we will PAY our way with the loss of our lives. If you doubt it, just recall Appalachia here in the U.S., or the 3rd world!
That IS our future IF we do not pay our own way. This “stimulus” and budget are a way to get us OUT of this mess initially, but we WILL HAVE to repay it all with interest OR we WILL become a 3rd world nation. And, if you cannot EAT, you will clearly die right here in the USA ON American Soil, thanks to the EXCESSES and fraudulent complaining by each of us who has NOT paid our fair share, BUT have taken more than we have given to one another.
The Party is OVER, guys. Get real and get used to it. We have several decades to dig ourselves OUT of this.
Posted by: GC | February 26, 2009, 2:30 pm 2:30 pm
@ Alan:
I kinda like your preposition on tolerance. You libs keep on being tolerant, us conservatives will keep on being right.
Posted by: Orlandu | February 26, 2009, 2:32 pm 2:32 pm
Move over chicken little.
You are not the only one who believes the sky is falling.
The naysayers are legion.
Posted by: Omentum | February 26, 2009, 2:32 pm 2:32 pm
In 1986 a 10% surcharge was placed on such luxury items as boats, cars, jewelry, etc. that cost above a certain dollar amount. In a few months that tax was repealed. Why? The rich avoided the tax (didn’t purchase, purchased used, etc.) and the workers who made the items were laid off because consumption fell off.
Tax deductions for the evil oil companies are being eliminated. Sounds great, right? Going green will not happen overnight. People will still need their cars (and be unable to afford fewer new ones) but the price of gas will go up. Do you think the evil oil companies will be hurt most with gas going up or will it be the common man?
Posted by: n22s | February 26, 2009, 2:32 pm 2:32 pm
//Class envy is a common trait amongst Obama supporters, btw. Good luck climbing out of the economic strife that your poor life-planning has placed you. //
I would have to tell you that my life planning had nothing to do with it. I am still planning life by the way and I do have a college degree. A man can do everything right but still never gain to a position similar to the CEO. I do not agree with socialism but I do agree with equality. There are many people who work two and some three jobs leading to 60+ hour work weeks which I can imagine the keen business owner does as well but the differences is they can barely feed their families while the CEO buys his new houses, cars… It is wrong to have such a difference.
Posted by: LeeLee | February 26, 2009, 2:32 pm 2:32 pm
I think that the real Devil is in the Details. Did anyone notice that quite a few of these tax increases will effect the Oil Drilling/Production/Refining Industries ? If you think last summers $4/gal gas was bad wait until this clown has run most of the oil companies out of the country and we are importing 100% of our oil from overseas.
Please don’t respond that we will soon all be driving electric cars. That won’t happen for years and we will still need oil for lots of other uses.
Posted by: Paul | February 26, 2009, 2:33 pm 2:33 pm
Yes, tax businesses (which are cutting jobs) so they have less money to spend on employees, etc. Brilliant! Seriously, for every dime you take away, that is less money they can spend on investing in the plants, workers, etc. How does he not get this? Even the evil oil companies employee people. They didn’t get rich by sitting on their money, they are constantly looking for ways to make more money and hence employ more people.
Posted by: Adrian | February 26, 2009, 2:33 pm 2:33 pm
who cares about the rich…..this is payback time!!!!!!!!
Anyone earning over 100K should pay 50% taxes to help those not given the same opportunities in life.
Posted by: Carl M | February 26, 2009, 2:33 pm 2:33 pm
Hey I know we Should of Elected Mccain and his Barbie Side Kick, Yeah we would of Stayed in Iraq Forever and Afghanistan,Probably would have gone to war with Iran! We would Keep Borrowing and Borrowing Money from China,We would of Drill baby Drill.And things would of Pretty Much stayed The same as The last 8 Years, If not Got worse. And god for bid Something happen to Mccain then Barbie would of Been President well you all Know the Story from there!
Posted by: Angie in PA | Feb 26, 2009 2:29:00 PM
====================
you betcha!!!!!
Posted by: Omentum | February 26, 2009, 2:34 pm 2:34 pm
The Day has Come for us to Pay for that Idiot Bush and his Spending Sprees and Wars in Iraq and Afghanistan THANKS A BUNCH BUSHIE!
Posted by: Angie in PA | February 26, 2009, 2:34 pm 2:34 pm
You people that say a place sounds like a Rush Limbaugh site… You need to maybe try listening to Rush before you criticize. Its very obvious when someone is simply regurgitating what they hear from their TVs. (the true definition of ‘mind-numbed robots’)
BTW– anyone in favor of this stimulus pack has no idea of where tax money comes from.
Posted by: Rush | February 26, 2009, 2:35 pm 2:35 pm
Obama needs to visit California and see the outcome of LIBERAL ECONOMICS.
California has the highest taxes in the nation…and they still want to spend more.
Obama’s plan…in a nutshell:
TAX SPEND TAX TAX SPEND SPEND SPEND TAX TAX TAX SPEND SPEND SPEND TAX SPEND TAX SPEND
Posted by: Mireya Ayala | February 26, 2009, 2:35 pm 2:35 pm
Obama is proof positive you can have a president worse than Bush.
Posted by: Patrick | February 26, 2009, 2:35 pm 2:35 pm
If the Democrats and liberals are so fiscally irresponsible, how is that we ended up with a budget surplus after the last Democratic administration and a trillion dollar deficit under the last Republican administration. Face it, the party you voted for in gave away (literally) the surplus, dropped taxes and spent like drunken sailors and left us in the situation we are in now. Kindly go sit in the corner and shut up while we try to fix things. The utter gall of you people is just mind boggling.
Posted by: John | February 26, 2009, 2:36 pm 2:36 pm
Any married couple with a 2 person family income over $250,000.00 is stupid to keep working. The person with the lower salary should quit working immediately! Why work if the government is going to steal your paycheck? QUIT! Then you won’t pay higher taxes and you can get all the free stuff that Comrad Osama promised! And whatever you do DON’T INVEST in the stock market because your capital gains will be stolen by the government.
DOW 3,000 – here we come!!!!
Posted by: MaryAnn | Feb 26, 2009 2:29:57 PM
=================================
from the words of Haji Jindal
Americans can do anything!!!!
Posted by: Omentum | February 26, 2009, 2:36 pm 2:36 pm
Obama has to be the dumbest President we have ever had. My God.
Where is Bush when you need him.
Posted by: Brian | February 26, 2009, 2:37 pm 2:37 pm
victor: “Remind me again what happened to our deficit between 1993 and 2000? Oh yeah”
OK, I’ll remind you. the national debt INCREASED every year. there was no budget surplus, there was deficit every year. the “clinton surplus” is a myth; it was all smoke and mirrors.
YEAR, DEBT, DEFICIT:
FY1993 09/30/1993 $4.411488 trillion
FY1994 09/30/1994 $4.692749 trillion $281.26 billion
FY1995 09/29/1995 $4.973982 trillion $281.23 billion
FY1996 09/30/1996 $5.224810 trillion $250.83 billion
FY1997 09/30/1997 $5.413146 trillion $188.34 billion
FY1998 09/30/1998 $5.526193 trillion $113.05 billion
FY1999 09/30/1999 $5.656270 trillion $130.08 billion
FY2000 09/29/2000 $5.674178 trillion $17.91 billion
FY2001 09/28/2001 $5.807463 trillion $133.29 billion
Posted by: WS | February 26, 2009, 2:37 pm 2:37 pm
Well, this is a hell of a high price to pay for white guilt with a spritz of elitism! Can’t say that I have a Chris Matthew’s Homo=Erotic tingle at the moment. But a certain part of my body sure does itch, since this Chi-Town shake-down artist took over!
Posted by: SuperDave | February 26, 2009, 2:38 pm 2:38 pm
If the Democrats and liberals are so fiscally irresponsible, how is that we ended up with a budget surplus after the last Democratic administration and a trillion dollar deficit under the last Republican administration?
THE ANSWER TO YOUR QUESTION IS BECAUSE YOU PAID OUTRAGEOUS TAXES!!!!!!!!!!!!!
PAY ATTENTION. YOU ARE NOT LOOKING AT THE BIGGER PICTURE!
Posted by: Brian | February 26, 2009, 2:38 pm 2:38 pm
Marc, we already pay 50% of our money in taxes. Get informed. 40% to the feds and 10% to California.
My husband worked himself through 3 college degrees paying for it all on his own. Did you do that? What have you done that has been the least ambitious or to advance yourself? I grew up dirt poor, not with any silver spoon. However, I appreciate the smart and the ambitious. You are just jealous. However, all of you will be suffering as more jobs are lost as the so-called rich don’t spend. If you had a $250,000 income that you worked 60-70 hours a week for, woudl you like someone taking $125,000 of it away????
Posted by: jngcabot | February 26, 2009, 2:39 pm 2:39 pm
As evidence to support my contention that there are many stupid people here, just look at a few of the “statements of fact” made here:
Obama is not a citizen
Obama is controlled by Pelosi
A revolution is coming
$4 per gallon gas will be cheap
We will give $ to illegal aliens
ACORN is taking over the country
Obama wants Canadian style health care
As I said, the whack-jobs are out in force here today. LOL
Buy guns and march on DC
Obama intends to destroy America
We will be part of France
All stop working, go on welfare
Posted by: William J. LePetomane | February 26, 2009, 2:39 pm 2:39 pm
So when did $250K a year become “rich”? Someone making $250K is the same as someone making $10M? Really? Since when?
When did we decide as a Nation to punish the desire to get ahead and provide a good life for your family?
When did we decide to become a nation of thieves by robbing from the upper middle-class (notice I did NOT say “rich”) to give to others that maybe didn’t work as hard to get ahead?
Posted by: Mike | February 26, 2009, 2:39 pm 2:39 pm
America:
Where we punish hard work and responsibility; and [in order to?] reward laziness and irresponsibility.
Isn’t that what this country is all about?
Posted by: John | February 26, 2009, 2:39 pm 2:39 pm
///I do have a college degree.///
At $10/hr, that doesn’t bode well for the stature of accredidation for your college or your (likely) liberal arts degree. Again, supply vs. demand.
////I do not agree with socialism but I do agree with equality. ////
Espousing equal outcomes is socialism. They teach that at the good colleges.
Posted by: Cam Winston | February 26, 2009, 2:40 pm 2:40 pm
To all you minimum wage losers. Welcome to the Obama Economy. Your taxes are going to go up and you may or may not have a job in a year. Enjoy what you voted for………..Nyuk…Nyuk…Nyuk..
Posted by: Jackson Mehoff | February 26, 2009, 2:40 pm 2:40 pm
Questions for the Ditto Heads on Board
Would you rather A Pay a Little more to Improve your Country and Get out of Bushes Debt
or B Would you rather Keep Borrowing from China and Other Countries and end Up China Owning us?
Posted by: Angie in PA | February 26, 2009, 2:40 pm 2:40 pm
No Brian, part of the answer is GWB’s misadventure in Iraq.
Posted by: William J. LePetomane | February 26, 2009, 2:40 pm 2:40 pm
In these new taxes, I think everyone is overlooking the fact that Obama is capping tax deductions at 28%. We used to be able to deduct $1 for $1 on our taxes. For example./ if you give $100 to a charity, that was tax deductible. Now, only $28 of that will be tax deductible. Does Obama not realize that people are not going to be donating to charity anymore. This is a sad day for cancer research, aids research, diabetes research, etc. Wow, this is not a good scenario.
Posted by: Bob | February 26, 2009, 2:41 pm 2:41 pm
If Obama raises taxes on the wealthy, they stop investing. If they stop investing, corporations lose capital. If they lose capital, they can not develop…and must lay off workers.
If Obama raises taxes on business…they must raise prices and lay off workers.
*sigh
Obama is a fraud. He was only nominated because of his Chicago buddy, Oprah, was willing to spend $$$ and send him from fourth place to first in the Democratic nomination. The media worships this guy. Hollywood is attached to him like a dog in heat. Yet, when all is said and done, Obama is the same old liberalism who hides behind speeches written by David Axelrod.
Obama may be somewhat sincere…but he is a fraud…and he knows it. He just hopes that the media will secure his “legacy.” The media spent eight years attacking Bush…and plans to spend the next four on its knees before Obama.
In 2012, we need to elect someone who understands America. Obama is not that person.
Posted by: Nayeli Puentes | February 26, 2009, 2:41 pm 2:41 pm
Don’t worry. When all is said and done, the great Messiah Obama will walk on water and raise the dead.
Posted by: conjo | February 26, 2009, 2:41 pm 2:41 pm
Oh, and we went into debt some $30,000 to get those degrees, and it took him 15 years in his career to get to even $100,000; he started at $25,000 a year with a law degree. FInally after 25 years at 60-70 hours a week, he gets $250,000. He started out at $25,000 a year with three degrees and 70 hours a week.
Posted by: jngcabot | February 26, 2009, 2:41 pm 2:41 pm
Atlass shrugged!
Posted by: John | February 26, 2009, 2:42 pm 2:42 pm
funny thing about the left is that they have no aspirations for themselves, and they don’t want anyone else to have anything either.
Posted by: nomomoney | February 26, 2009, 2:42 pm 2:42 pm
go Obama mow em over and send em to jail … although i think the chinese govt. has the appropriate punishment … and yes i will gladly pay for the bullets , the cancer that was the doofus manchild {gwb} and is the disaster team {gop} need to be rendered to a cia black op prison and introduced first hand to “enhanced interrogation techniques”
Posted by: epoch | February 26, 2009, 2:42 pm 2:42 pm
Wow, lot’s of Drudge linked traffic here and paid Pug shills. Frightening to read.
Posted by: appalling | February 26, 2009, 2:42 pm 2:42 pm
Where is Bush when you need him.
Posted by: Brian | Feb 26, 2009 2:37:20 PM
Who the hell needs him?
HOPEFULLY, he’s at his Crawford ranch, rusting away!
Posted by: Ron Farrell | February 26, 2009, 2:42 pm 2:42 pm
WILLIAM
Their Limbaugh Followers do you Expect Intelligence I mean come on were talking about Rush
Posted by: Angie in PA | February 26, 2009, 2:42 pm 2:42 pm
Economic Suicide.
Posted by: dennisl59 | February 26, 2009, 2:43 pm 2:43 pm
Answer one simple question – if every dollar spent by the government generates a dollar and a half, why not spend a trillion dollars an hour? In theory, you simply need to rev up the presses and the riches will simply pour out from any amount you spend.
Answer another question, when tax rates for the very rich were at 90% in 60′s why didn’t paradise result? Why did John F. Kennedy seek to lower them?
Posted by: n22s | February 26, 2009, 2:43 pm 2:43 pm
Peace, Love and Trees will pay for everything, no worries people…
Let us blame Bush for the Wars in the middle east, is it also his fault that had we conquered the middle east and taken the resources as ours (making the war profitable at the expense of a lesser civilization) every left wing hippie would be crying outrage that we were so cruel and inhuman. God forbid the rest of the world condemns any of our actions because we don’t want a tarnished image…
News flash “All men are created equal” does not pertain to the whole world and is a privilege to American’s
Posted by: USA | February 26, 2009, 2:44 pm 2:44 pm
Obama should stop catering to the Mac Donald workers..
Posted by: Hell | February 26, 2009, 2:45 pm 2:45 pm
If you cant bring the boys in the hood up then knock achievers down. The democrats MUST be thrown out.
Posted by: RIP | February 26, 2009, 2:45 pm 2:45 pm
Obama soon will be the worst president of the USA. He doesn’t what he is signing.
For those who vote for Hussein Obama get used to pay more taxes and be in poverty.
Hail to Bush he is far better than Obama.
Posted by: peter | February 26, 2009, 2:46 pm 2:46 pm
@ Posted by: DaveS | Feb 26, 2009 2:27:04 PM
I am one of those people who stand to pay more in taxes… BUT… (and this is what people don’t think about…) there are tax incentives and write offs you can claim as a business.. or as a person making over 200k a year. If you are too stupid or lazy to persue those cuts, then yeah… you deserve to pay high taxes.
I’ve heard more whining from people this tax hike doesn’t even affect than people that it would. The guys that scream “No higher taxes” are the ones that wouldn’t pay them in the 1st place. It’s about fiscal responsibility.. personal responsibility… something this country has been sorely lacking in the past 15 or so years.
Posted by: Oh hai! | February 26, 2009, 2:47 pm 2:47 pm
Who do the liberals think are going to pay their taxes when those of us who are able to do just leave the country to let the liberals collapse when the real producers of the country are gone?
Posted by: Don | February 26, 2009, 2:49 pm 2:49 pm
Brilliant! So in 10 years we will have paid off the stimulus package we just wasted money on, be back to where we were when Bush left office. No ground gained – just a wasted economy, people miserable for paying out the nose for nothing gained.
Posted by: Tim | February 26, 2009, 2:49 pm 2:49 pm
Daniel Smith: you guys must think if you repeat a lie often enough, it will become the truth. He DID release his birth certificate, during the campaign! It was investigated and deemed official. Stop your stupid lies.
Posted by: William J. LePetomane | February 26, 2009, 2:50 pm 2:50 pm
Espousing equal outcomes is socialism. They teach that at the good colleges.
Posted by: Cam Winston | Feb 26, 2009 2:40:06 PM
College degree is in Biology not a liberal arts, sorry to disappoint you. As to what I mean by I do not agree with socialism I mean I do not agree with the wages that some people earn in comparison to others. Our society is turning into an hour glass not a regular glass the middle class is weakening because of few mens decisions. I my pursuit of happiness is hindered while Paris Hilton’s Dog’s sweater is worth my months wages. The purse carried by some woman could take a family out of the ghetto.
I went to a private college so go ahead and think that it was a bad school but it was not a bad school. You can assume all you want about me but that does not make you right.
Posted by: leelee | February 26, 2009, 2:50 pm 2:50 pm
the dems actually started paying down the debt despite your phony twisted facts … oh but we cant have that how are the bond houses going to “earn” {steal} any money , raygun largest lender nation to largest debtor nation FACT , doofus manchild {gwb} out spent and out borrowed the senile vegetable {raygun} who incidently borrowed more money than all previous presidents …COMBINED… oh dont you hate it when facts get in the way of ideological drivel
Posted by: epoch | February 26, 2009, 2:50 pm 2:50 pm
All this will do is give anyone that makes over $250,000/year sufficient time to vacate the U.S. before 2011 leaving everone else holding the bag.
Posted by: George | February 26, 2009, 2:51 pm 2:51 pm
Those of you who THINK this will really raise more money are in for a BIG shock the revenues are not going to come even close to expected. Like myself the real job creators small business will not go down that road we are not going to take risk and increase investment needed to increase jobs we will react by reducing costs and employment to make the same or less money with less risk and less financial investment! The bottom line is going to be less income for government then expected and less employment for Obamalite true believers. The facts are that the top 7% of earners(!)those making $200K+ paid a TOTAL of about $550billion dollars in income taxes. If you DOUBLED the rates you would 1.)not get twice the money as you would be taking virtually ALL the income of those people and 2.)even if you did it would not make a dent in the budget deficit which is an incredible $1,75TRILLION spending that is beyond
any possible payback. The way this is going to go is INFLATION which will kill the average person as they find any pay increases will be wiped out by higher prices. This is a disaster for the country and will take us down the socialist road of total goverment control of everything including, incomes, prices and the economy and we all know how well that worked in the USSR, China and Eastern Europe huh? Read it and weep your country is going to places never dreamed where it is very hot and it won’t be from global warming either! THC
Posted by: Tom Clar | February 26, 2009, 2:52 pm 2:52 pm
Dave, I am one who will pay more too, but what you don’t seem to realize is that higher taxes, especially on businesses always = higher prices on goods sold to the public. I don’t care how many credits, writeoffs, etc that you want to count. If you don’t believe me then pick up a history book and review every recession we have been through. You can’t argue with 100% facts. Good luck and I am glad you are glad to pay these morons more $.
Posted by: Aaron | February 26, 2009, 2:52 pm 2:52 pm
Um, Mark, actually your wrong, so stop calling people morons. Hawaii issued a computer generated birth certificate that many hackers have already said could be easily made up over the internet. He has yet to produce the real copy that is somewhere locked in a vault. Look at the one that was produced on the internet, and then go look what a real life, in person Hawaii birth certificate looks like, they aren’t even close to the same. His mother’s signature isn’t even on the computer generate one. Also, he never released his grades from Harvard. Obama refused. I wonder why? Maybe because he was receiving foreign assistance to pay for schooling. Hmmmm, makes you wonder. I am not saying that he is not an American citizen, but don’t act like that computer generated certificate is the same. No other president in the history of our country would have gotten away with that. You Dems would have been going nuts if Bush pulled something like that, and don’t even say you wouldn’t.
Posted by: Bob | February 26, 2009, 2:52 pm 2:52 pm
No more itemized deductions? Does that mean that making donations to charities for the tax write off will no longer be necessary? Way to go Obama! Would anyone care to calculate how much each second of Obama as President has cost this country to date?
You wonder what world these schmucks are living in.
I laugh because I remember back when I took macro economics in college, that one of the first principles of economics that seems to be covered in textbooks is that in order for a government to strengthen an economy one of the quickest and LEAST EXPENSIVE methods of government intervention is to cut taxes, as this provides a larger pool of disposable/expendable wealth. I doubt the worker that makes toilets or hammers will benefit anymore when the government pays 10 times as much for that object than it would cost to pick one up at Home Depot.
Posted by: Ben | February 26, 2009, 2:54 pm 2:54 pm
Just a quick reality check for all of those crying about the new budget:
The current US deficit is over $50 TRILLION dollars. The $10 Trillion they list doesnt include the 40+ Trillion for Social Security, Medicare, and Medicaid (and if you think your current SS and Medicare taxes cover the bill…you need to quite smoking the green stuff).
All of this is just a drop in the bucket. SS, Medicare, and Medicaid have to be completely revamped (unless you somehow believe that we can come up with $50 Trillion).
Exxon made $40+ Billion last year so stop crying about tax increases for Oil Companies. We are wasting $1 Billion a day over here in Iraq. So stop complaining that Obama is spending too much money when hundreds of Billions have been wasted on this stupid war. All that money could have been used on tax breaks, education, small business loans- or better yet, not spent at all.
Posted by: crazy151drinker | February 26, 2009, 2:55 pm 2:55 pm
Look at the real impact rather than some fantasy world where you imagine lots of people are (or could) be making $250K+. Just 1.5% of households earn over $250k/yr. Income among this group has risen faster than those at the lower end of the spectrum. At the same time, we are in the midst of financial catastrophe.
I don’t think it’s unreasonable to return taxes to where they were before Bush came into office.
Posted by: Joe | February 26, 2009, 2:56 pm 2:56 pm
To DaveS regarding your indifference to paying higher taxes. If your taxes increase $10,000, how will that affect you?
Perhaps you won’t buy a car or expensive watch or whatever. Common people make that car or watch or whatever.
Perhaps you won’t take a vacation. Common people work all along your route to a vacation.
Perhaps you won’t invest as much in a stock, piece of real estate or even a simple savings account. Common people own stock in 401k’s which won’t be going up because you don’t invest. Real estate prices stay flat because you don’t buy. Solvent savings institutions have less funds to loan out to other people.
Multiply you by a million Dave and you take money out of the economy which isn’t filtered through the inefficiency of government.
Posted by: n22s | February 26, 2009, 2:56 pm 2:56 pm
First Post at 12:10:03 PM…Still posting as of 2:36:16 PM…that is one hell of a lunch break…I wish I had a lunch break that long…Maybe that would make up for my 3% raise that I lost this year…and I am no where near making $250,000 per year…
Posted by: Omentum | Feb 26, 2009 12:41:57 PM
I strive everyday to make as much money as I can for my family. Let’s not get it twist my friend. I am not typing this in PJ’s at home on the sofa. I am on my lunchbreak!!!!
But what I hate is for money being equated with power and these folks have the world eating out of their hands.
These are also the folks who will shoot their mother to get ahead in their careers. Moral are out the window.
The “good guy” can’t make it to that level because they basically have to sell their soul to the devil.
Like the CEO’S shipping jobs overseas just so they can keep up with the other “ivory tower” CEOs
It has set a bad precedent. EVERYBODY CANT, NO MATTER HOW HARD THEY TRY, TO BE RICH …. LEGALLY. Look at Madoff and all the madoff-lites on the run now because they swindled folks.
I don’t make anywhere close to 250k but I give at least 10k to charity each year.
Just imagine if all the money grubbing grandma killing uber rich would follow that percentage.
We would have no financial problems in this country.
Posted by: RJH | February 26, 2009, 2:57 pm 2:57 pm
You must be kidding. I can just see the price of Gas when all of this becomes reality. You might as well buy more tennis shoes cuz that’s the only thing you will be able to afford to drive.
Posted by: Alinvegas | February 26, 2009, 2:58 pm 2:58 pm
Tom Clar, doon’t confuse them with the facts. They prefer to lull in their misery, hoping someone will improve their lot in life. Not many high achievers here.
Posted by: navyblueangel | February 26, 2009, 2:58 pm 2:58 pm
BWAHAHAHAHA!! Our plans have worked perfectly! Divide and conquer! HAHAHAHA! You are all distracted with the false left/right paradigm!! Because of this we are able to rob you blind right now right in all of your faces and incrementally force you into a police state so we can force you to go along with our new world order! BWAHAHAHA! You don’t deserve freedom and prosperity! You are all too stupid to deserve it!
Posted by: Banksters | February 26, 2009, 2:58 pm 2:58 pm
Hooray! Finally some fiscal responsibility. I’m happy to see that Obama is starting his administration on the right track. If he is able to correct only half of the mistakes and misdeeds of the George W. adminstration Obama’s administration will be a HUGE success.
Posted by: Holden | February 26, 2009, 2:59 pm 2:59 pm
Hey DaveS … didn’t you see the “$179 billlion (sic) – eliminate itemized deduction” part of the story? That means there will be no more itemized deductions for people, so the “tax incentives and write offs” you mention would not exist. Who’s stupid now?
Posted by: RobertLB1968 | February 26, 2009, 2:59 pm 2:59 pm
Don’t believe for an instant that foolishness about a tax increase on personal incomes over $150,000/year. That means a tax increase on small business. Since 85% of all jobs come from small business, what do you think that is going to do to unemployment? Obama doesn’t care at all about the USA. He is promoting Communist totalitarianism. He doesn’t care if it causes WW3 or not. Obamamericans, be careful what you wish for.
Posted by: Deborah Gold | February 26, 2009, 2:59 pm 2:59 pm
Wonderful, 3 times in 4 decades elevated energy prices have preceeded or influenced a Economic Recession in the USA. So now we are going to punish the EVIL oil COMPANYS that PRODUCE energy for our cars by screwing them over with new taxes and repealing business related losses. So while the EVIL OIL COMPANYS MADE ABOUT 7-8% return on the commodity of oil, the US & State DOTS have taxed Gasoline at far far above that 7-8% RATE and of course plan in the future to raise that. So Who is the POT and WHO IS THE KETTLE????
Posted by: Brian | February 26, 2009, 3:00 pm 3:00 pm
Epoch says: “…the dems actually started paying down the debt despite your phony twisted facts …”
1994 to 2000 was a Republican controlled House. Bills of appropriation originate in the House of Representatives(at least they’re supposed to). That decline in the annual deficit occurred under Republican watch (what little did occur).
Posted by: ReginaldL | February 26, 2009, 3:00 pm 3:00 pm
BUSINESSES DON’T PAY TAXES!!!!!!!!
Posted by: Josh | February 26, 2009, 3:00 pm 3:00 pm
Anyone…
Why do liberals believe money in the hands of government/constituents (pork) is stimulative, but…
Money in the hands of taxpayers
(tax cuts) is not?
Posted by: Gift of the Majji | February 26, 2009, 3:00 pm 3:00 pm
These new, 10 year proposed taxes are what Obama should have done in the first place instead of passing a ridiculous stimulus plan that only will put our country into further debt by making us reliant on foreign investors and Obama is turning our beloved DEMOCRATIC nation into SOCIALISM.
The government basically owns the banks, auto industry, and soon to own the health care industry if his proposed $634 billion plan passes through the house and senate.
This is absolutely contradictory to one another and it will ruin America.
The middle class keeps America together and without it, we cannot succeed. Don’t tax the rich ridiculous rates or else they will take their riches and move elsewhere. Also, I really don’t feel like paying for people’s mistakes with my own money.
In the end, America is screwed for the next 10 years by have a contradictory presidential platform where will will tax citizens on top of spending ridiculous amounts on unwanted and unwarranted items.
(not to mention our proposed $900 million pledge in rebuilding Gaza. rebuilding it as to set our side against communism, even though that the U.S., along its current path and according to Marxist’s Theory, will become communism. capitalism to socialism to communism. we are screwed)
Posted by: Competent American | February 26, 2009, 3:00 pm 3:00 pm
Epoch, we were all doing real well paying down the national debt until you Leftwingtards let your little friends in AlQaida loose to attack this country.
If there were any justice in this country, you’d have been placed in chains pending the end of the war.
Posted by: muawiyah | February 26, 2009, 3:01 pm 3:01 pm
So Obama was born in Kenya….but wasn’t McCain born in Panama..oh wait, that’s different. Don’t you think that in all reality this would have been sorted out before now and not after the man is elected. Gobshites!
Posted by: Obvious.... | February 26, 2009, 3:01 pm 3:01 pm
loyalty? I’m loyal to a free country – not a socialist one. I suspect even you have a tax % that you’d refuse to pay – would you pay 80% of your income in taxes if required to? 50%? What the number is will vary with the individual but when 5% of citizens pay over 60% of the income taxes in the country one should not assume they’re an unlimited source of pork for you to spread around to buy votes and push your agenda. People can and will leave and will vote with their feet if necessary. Common sense. There are actually countries that give tax incentives to Americans to attract their $$ and productivity ouf of reach of the socialists here.
Posted by: Don | February 26, 2009, 3:02 pm 3:02 pm
I dare any of you who say Obama should produce an “original” birth certificate to try this: Go to the County Recorder’s office where you were born. Tell them you want a birth certificate. When they produce the standard signed, sealed and certified copy, then say “Sorry, but I need the ORIGINAL, not an official copy.” I am sure they will say “Of course, here you go. We don’t need it.” LOLOL
Posted by: William J. LePetomane | February 26, 2009, 3:02 pm 3:02 pm
I am tired of hearing all these complaints about tax breaks for the rich and big corporations, especially during the Bush years. Read this carefully……
Every single dollar that is made by any individual or business, big or small belongs to that entity, not the government. It is then the role of that government to decide what is a fair tax. The government doesn’t GIVE anyone a tax break, rather, it may ascertain to reduce a tax burden to certain entities in order of fairness.
It is a Disney/Hollywood mentality where all big corporations and rich people are evil, greedy and selfish.
My wife works for one of those corporations and we are thankful for a good job. Obama naively said, “Now is not the time to worry about profits…”
Huh? I would not invest in any company that wasn’t worried about profits. Either you have profits, or you have losses. Too many losses=too many layoffs. If people are not working, it is difficult to tax them. Now is certainly not the time to punish individuals or business for whatever success they may be presently enjoying.
Where is it written that all business must succeed? Some will fail, some should be allowed to fail, in which case new ideas and industry are then allowed to naturally develop. Our only rewards for our mistakes and others, is to learn from them.
When the first $700B bailout occured last Sept, under President Bush, how is it that $350B is unaccounted for? Are you kidding me?
STOP THE BAILOUTS, STOP THE MADNESS
Posted by: Paul | February 26, 2009, 3:03 pm 3:03 pm
RJH — Well the $10,000 you give per year in charity, now you can only deduct $2,800 from your taxes because of our great messiah, Barack Hussein Obama. You used to be able to deduct all $10,000, but now only 28%. I wonder how many people there are like you that are now not going to give charity anymore. Way to go Hussein, you really screwed the charities on this one. I would hate to be a non-for-profit today!
Posted by: Dave | February 26, 2009, 3:03 pm 3:03 pm
KMorrison: no thanks. I will stay here like the loyal, Vietnam veteran that I am, sticking up for stupid people.
By the way, ever see Blazing Saddles?
Posted by: William J. LePetomane | February 26, 2009, 3:05 pm 3:05 pm
So this is what “shared sacrifice” means in Obama-speak; the upper 5% and evil corporations pay the freight for everyone else’s goodies and mistakes. Sounds more like a lowest common-denominator electoral strategy than a plan.
Posted by: Drained | February 26, 2009, 3:05 pm 3:05 pm
THANK YOU BIG BROTHER.. FOR THOSE OF YOU WHO VOTED FOR THIS JERK.. YOU ASKED FOR IT..BUT OF COURSE MOST OF YOU DON’T HAVE JOBS ANYWAY
Posted by: BOB | February 26, 2009, 3:06 pm 3:06 pm
So…let us tax all the people that give others jobs…so they cut jobs?!? Then we all end up on gov’t assistance. That is where socialism gets you!!
People are not going to work just to give the money to gov’t. Every business owner, will make sure they don’t make more than is necessary. Thus fewer and fewer jobs as the $250,000 cut off will become lower and lower.
Posted by: housewife | February 26, 2009, 3:06 pm 3:06 pm
By God General! You are right! Please inform the FBI immediately. He needs to be arrested and prosecuted. LOL
Posted by: William J. LePetomane | February 26, 2009, 3:07 pm 3:07 pm
I WILL NOW HAVE TO LAY OFF AT LEAST 21 EMPLOYEES AS SOON AS THIS TAX INCREASE HITS. i TOOK PICTURES OF THE CARS IN MY PARKINGLOT WITH OBAMA BUMPER STICKERS AND THESE PEOPLE WIL BE THE FIRST TO GO!!!!!!!!!!!!
Posted by: BUSINESS OWNER | February 26, 2009, 3:07 pm 3:07 pm
The idiot Obamabots vomiting their idiot opinions just proves they are the most ignorant, uninformed group of voters in this nations history. So this is what happens when democracy dies. Thunderous applause. God help us all.
Posted by: Kevin | February 26, 2009, 3:08 pm 3:08 pm
Yes…only someone as fiscally irresponsible as George W. Bush and many other republics could increase the deficit during a time of some of the greatest economic expansion in history. I expect to see a defict increase during times of recession and hardship…unfortunately we are now paying for sins of the past 8 years. George W.’s policies will impact us for the next decade at a minimum. Hopefully we are entering a time of healing and can begin to move forward.
Posted by: Holden | February 26, 2009, 3:08 pm 3:08 pm
The idiot Obamabots vomiting their idiot opinions just proves they are the most ignorant, uninformed group of voters in this nations history. So this is what happens when democracy dies. Thunderous applause. God help us all.
Posted by: Kevin | February 26, 2009, 3:08 pm 3:08 pm
Oh BTW that little $1.75Trillion budget deficit is the equivalent of spending $1,000 per day for all of recorded human history and it is not remotely able to be paid back as you would have to take ALL the income above the poverty level of ALL the people paying taxes and you would still be short of paying for it. Thus it will go to more debt and then to inflation wiping out all the savings of ALL the people. You had better tell your representitives that you want them to stop this or we are going to FAIL as an entire country! You have been warned!
Posted by: TClar | February 26, 2009, 3:08 pm 3:08 pm
When are you Libs ever going to learn that businesses DO NOT PAY TAXES? They collect them and pass them off to you in the price of the product. God, you people are so stupid. You think they are sticking it to the rich, but you morons do not realize they are sticking it to you!!!
Posted by: eagle1 | February 26, 2009, 3:08 pm 3:08 pm
1) On people making more than $250,000.
$179 billion – eliminate itemized deduction
************************************
Does this mean we cannot deduct our mortgage interest on our taxes anymore or what?
Posted by: ziggrl | February 26, 2009, 3:08 pm 3:08 pm
KMorrison — That was real intelligent sounding, to tell someone to leave the country because he has a French sounding name. So, I guess we should tell Barack Obama to leave because his name sounds Arab. Actually, his middle name is the same as a dictator in Iraq, and his last name rhymes with the biggest terrorist ever to attack the USA. Funny, you tell him to leave, why don’t you tell the President to leave too. So Ignorant!
Posted by: Craig | February 26, 2009, 3:08 pm 3:08 pm
Let me get this straight. The deficits generated by the Bushes and Reagan were bad. Yet deficit spending, as espoused by Keynesians such as Obama and Larry Summers, is to be the very thing that will pull us out of this depression.
According to people like Keynes and Krugman, you virtually can’t have too much of deficit spending and (this is great), it doesn’t matter how you spend it.
Therefore, to close the logical loop, Keynes, Krugman, Obama and Summers believe any deficit spending is good. Therefore, the problem with the Bushes and Reagan is that they didn’t have enough deficit spending. Is that your criticism? Or is it that you really don’t know what you are talking about when it comes to macroeconomics.
Posted by: n22s | February 26, 2009, 3:08 pm 3:08 pm
As a business owner I will have to lay of 21 employees as soon as this tax increase hits. I took pics of the cars in our lot with Obama bumper stickers and these employess will be the first to go!!!
Posted by: BUSINESS OWNER | February 26, 2009, 3:09 pm 3:09 pm
Yessiree, nothing like a $1,000,000,000,000 tax hit to get the economy moving. NOT! All those “rich” folks will be buying less from the “working” folks (guess what happens then?), businesses and family farms will just plain quit or pass the hit along to their customers (guess what happens then ), more people will end up on the dole, and before long everyone will be totally dependent on the government.
Posted by: 6ftRabbit | February 26, 2009, 3:09 pm 3:09 pm
I’m sick of the Gov. I make about 130k/yr. (2 kids and a wife) and live in the bay area and that is an OK living! I still can’t afford a house but I’m expected to subsidize people that got in over their heads and were fiscally irresponsible! Bull! This model is unsustainable! The Gov. is just prolonging the collapse! They won’t stimulate anything except higher taxes! They need to let the market correct itself and that will bring things back to normal economically faster then their lame plan! What a joke!
Posted by: Fed-Up! | February 26, 2009, 3:10 pm 3:10 pm
Well, get ready to use batteries for your computers!
Posted by: plainsm | February 26, 2009, 3:11 pm 3:11 pm
We are now seeing for real that Obama’s policies are wholly grounded on penalize (e.g., tax) those that have money and reward those that don’t (e.g., welfare).
All of the jobs I’ve held in my life were created by rich people. I never had a poor person offer me a job. The folly in Obama’s approach is it will hurt rich and poor alike. There will be fewer jobs. Obama himself doesn’t believe his stimulus program will actually create jobs which is why he used the wording that it will save or create three million jobs. Which means if one job is created and 2,999,999 were saved, his program would be a success based on his own metric. Of course how do you quantify saved jobs? You can’t. Clever, huh?
Posted by: Mike S | February 26, 2009, 3:11 pm 3:11 pm
There is no way that those anywhere near 250K are going to pay all those taxes. If I was making 300K, I’d do whatever I could to reduce my income under that threshold. The way this economy is going the number of people making over 250K is going down quickly anyway. The mantra of the libs, “soak the rich,” is NOT going to generate 600+ billion in new taxes, so suddenly it will become those earning 200K then 100K. This “new economy” is NOT going to generate wealth, so the libs are going to have to find some other way to pay for their socialist boondoggle. Hopefully, next year people will come to their senses and turn the House back Republican; otherwise, there will be class warfare as the decreasing number of people with jobs are paying more and more of the taxes; and for what!!
Posted by: WMiller | February 26, 2009, 3:11 pm 3:11 pm
n22s wrote:
To DaveS regarding your indifference to paying higher taxes. If your taxes increase $10,000, how will that affect you?
————————————
What in the world makes you think I’m indifferent to paying more in taxes? I said higher taxes on wealth producers was a one way ticket to wealth destruction. Even tax offsets recommended by Oh Hail won’t entirely eliminate the problems associated with increased taxes and their detrimental effect on wealth creators. People like me – self-employed facing higher taxes – will suffer through it, reducing our spending on discretionary items like the cars and vacations you mention. People with more means to do so will take their money somewhere else, where the taxes are lower. Either way, less wealth will be produced in the US.
I don’t get why you think I’m indifferent.
Posted by: DaveS | February 26, 2009, 3:11 pm 3:11 pm
I know one thing…If I were a Leech, I’d be getting a lot more frightened than the Leeches on this thread are. Your day of reckoning is coming Leeches. You’ll be sorry you started this class war.
Posted by: sigh | February 26, 2009, 3:12 pm 3:12 pm
Perhaps you conservatives should have worked a little harder in the last presidential election.
The American people have spoken. The days of catering to the rich are over.
Time to build a new America that doesn’t leave millions of people behind.
Posted by: Brian Smith | February 26, 2009, 3:12 pm 3:12 pm
The guy Paul is a real idiot to blame the Republicans for this current mess. THIS STARTED mainly because of morons like Barney Franks and Chris Dodd fooling around with the rules of mortgage financing. I was against GWB giving 350 billion to the banking industry to bail them out and I am against Obama giving by the time this is done well over a trillion and then spending another 2.6 trillion!!! GWB or Clinton or ANY other president has never propose this much idiotic spending- not even close. This is INSANE!!!
Posted by: Tom | February 26, 2009, 3:14 pm 3:14 pm
On whose dime are you going to build that “New America” Brian?
Posted by: navyblueangel | February 26, 2009, 3:15 pm 3:15 pm
It is clear Obama’s numbers don’t add up and he is lying to the American people. If you tax 100% of all those who make more than $250K, Obama could still not halve the deficit HE HAS CREATED! Obama is coming after the middle class and he will lie when he raises middle class taxes and justify it by saying the situation is sooo much worse than he expected that he just has to screw the working people of America a little more, and then and only then he will be able to bring the budget into balance, or halve the deficit or whatever he spews out of his mouth. The best solution is to have term limits for all elected officals and get these people out of office. Since when does anyone like Obama or Dodd or Barney Frank or Robert Byrd or Ted Kennedy or Chuck Schumer or Henry Waxman or anyone, Republicans included, get to be a politican for life? This would be an important first step to bringing sanity to government.
Posted by: Karl Marx | February 26, 2009, 3:15 pm 3:15 pm
Brian Smith, just wait till next yr and BO (pun not intended) will have NO power in the congress
Posted by: plainsm | February 26, 2009, 3:15 pm 3:15 pm
Obvious – The Panama Canal Zone was a territory of the United States from 1903 -1979. So in 1936 When McCain was born he was a U.S. citizen because he was born in a U.S. territory on a U.S.Naval Air Station Coco Solo in the Panama Canel Zone. Any child born on a U.S. base or station anywhere in the World is a U.S. citizen if their parents are U.S. citizen. Instead you decided to go off and spill forth garbage, (Garbagein = Garbage out!).
Posted by: Darrell | February 26, 2009, 3:17 pm 3:17 pm
Why isn’t anyone answering my questions?
Why did JFK lower the tax rates for the rich from 90%? What were the arguments he used to convince people?
If you take $10,000 from a rich person, what changes in behavior will result? Who is impacted most by $10,000 not invested or used for a purchase?
We have many, many liberal/progressive geniuses on the board, please enlighten me.
Posted by: n22s | February 26, 2009, 3:17 pm 3:17 pm
Hey Mark, have you ever gotten a job from a poor person?
Posted by: Jake | February 26, 2009, 3:17 pm 3:17 pm
General: answer this one. Pregnant US citizen is visiting in Ireland. She is 7 months pregnant. She plans to be back on US soil in plenty of time to have her baby in two months. While on her trip she gives birth to her baby prematurely. What is the citizenship of that child?
Posted by: William J. LePetomane | February 26, 2009, 3:18 pm 3:18 pm
“Conservative friends” Hey budster you got that wrong, we are ENEMIES!!!
Posted by: plainsm | February 26, 2009, 3:18 pm 3:18 pm
So I see the tax burden is over $25,000 per taxpayer.
It would be $11,000 if those 42% of Americans who don’t pay taxes did. But those 42% haven’t invested their life savings in the market or paid taxes toward the future of America.
So the rest of us have to do it.
Posted by: Peach | February 26, 2009, 3:20 pm 3:20 pm
“Conservative friends” Hey budster you got that wrong, we are ENEMIES!!!
Posted by: plainsm | February 26, 2009, 3:20 pm 3:20 pm
To the person who wrote:
“Can you say massive conspiracy?) OK, so he was born in Kenya. Was his mother a citizen of the US?”
Now I have no interest in the “conspiracy” at all but your ignorance of the laws of this country at this time need to be addressed. The age of the mother and her citizenship were both included as rules for babies born outside of the US. Under the laws in effect at the time, your scenario means that he was not a legal citizen.
Again, don’t jump me, I don’t think this “conspiracy” will have any teeth. Your ignorance, however, doesn’t disprove the crux of the “conspiracy”.
Posted by: n22s | February 26, 2009, 3:23 pm 3:23 pm
I’d like to say something to the American people; The time of decadence, greed, and deceit is over. Too long so many of us have taken little interest in what has been going on in our communities, only focusing on ourselves and how we could get our share of the American dream. During this time our politicians grew fat upon chairs, swelling with the corruption that their power had exposed them too. Now look at us!!!! Does anyone remember what made this nation so great!?! If not let me remind you that our forefathers came from hardship and strife that very few if any of us know, and through the knowledge they gained by enduring their hardships did they create the United States Constitution. This document is the beating heart of our country and dictates what the government is allowed to do. Does our government even feel it has to answer to us OR abide the constitution anymore!?! The law is being pulled away from the people and into the hands of a dictator we elected. If you step back and look at the picture as a whole, our current circumstances are very similar to a mix of emerging Nazi Germany and the fall of the USSR. If serious changes are not made to the current administration’s economic policies and blatant disregard for anyone outside their plans, then we will likely be forced to take up arms against our brothers and sisters once more. You have less than two years mister president till the GOP takes back control, I highly suggest you stop steamrolling pet projects through legislation and smothering the opinions of others by asserting the power if your position; WE hired you, and WE can fire you…WE’LL trump you on that.
Posted by: Michael Bassett | February 26, 2009, 3:23 pm 3:23 pm
General, most dems are united in one cause: death of the unborn
Posted by: plainsm | February 26, 2009, 3:24 pm 3:24 pm
“General: answer this one. Pregnant US citizen is visiting in Ireland. She is 7 months pregnant. She plans to be back on US soil in plenty of time to have her baby in two months. While on her trip she gives birth to her baby prematurely. What is the citizenship of that child?”
I’ll answer it. Under today’s laws, that child is a citizen. In 1961, the age of the mother was as important as the citizenship status of the mother.
Posted by: n22s | February 26, 2009, 3:26 pm 3:26 pm
Just wait…..those “big taxes” on “big oil” is going to trickle down to everyone who gases up in the form of higher gas….then they will raise the gas tax to make even more money
Posted by: Bruce | February 26, 2009, 3:26 pm 3:26 pm
That’s enough (in new taxes alone) to blanket the combined states of Delaware and Rhode Island in dollar bills.
Posted by: gadfly05 | February 26, 2009, 3:26 pm 3:26 pm
Marc,
Tax cuts help people without jobs in the following way:
When people who are employed are able to keep more of the money they earn, they either save it, invest it, or spend it. 1.) If they save it, financial institutions will have more capital available in order to make loans for the purchasing of more expensive products. This drives up consumer demand which creates jobs.
2.) If they invest the money, the investee has more available capital to make purchases to spur job creation in other industries or create more jobs themselves.
3.) If they spend the money, the demand for consumer products is increased.
In short, all of these activities create increased demand for products that businesses produce, which in turn increases the need for businesses to hire more workers to provide the goods and services demanded of them. If there are more jobs out there, our unemployed person is helped by increasing the likelihood of finding a job.
Government spending will never be as efficient at increasing demand because there is an additional layer of bureaucracy which costs money to support.
Posted by: Thaiguy78 | February 26, 2009, 3:26 pm 3:26 pm
Oh, I see the daily DNC talking points have been brought out. Just less effectively every day. Pity that.
Posted by: Peach | February 26, 2009, 3:27 pm 3:27 pm
Anyone out there think that Obama thinks and acts like a narcissist? dictionary says “self love”
Posted by: Elaine | February 26, 2009, 3:27 pm 3:27 pm
n22s: are you aware that a child born to an American citizen, service person or civilian armed services employee, at a US armed forces hospital anywhere in the world is a citizen?
Posted by: William J. LePetomane | February 26, 2009, 3:28 pm 3:28 pm
Hey folks this is all in the name of fairness. It is just unfair for the filthy rich to not share their wealth. Who cares they poured out their own sweat. Off the subject, I actually have a great plan for the education system that I am sure my fellow liberals and tax enthusiasts would go along with. I do not believe that it is really “fair” for some students to make A’s and B’s while others make C’s D’s & F’s. My plan would take grade points away from the A’s and B’s and re-distribute it to those who are making D’s and F’s as to get them up to a C. This way everyone is on a more level playing field. I really doubt it would have any type of effect on the A students. I am sure they are going to work just as hard as before so that they can “share” their A grade.
Also, I have a question for anyone who can help me. I own a business and Gross $250k per year. However, I only net $30k per year. My taxes won’t increase under Obama will they?
It seems to me that those who make the most money are the ones investing in capital(i.e. jobs) to help the economy grow. As an Accountant/CPA it just seems ,in my humble opinion, that those businesses with tax increases are going to need to do something to keep their profit margin steady/growing. Afterall, higher taxes are an added expense. I would look in one of two places. People, as this is the vast majority of cost for most companies, or I could increase my prices. Oh well I am sure these companies won’t lay anyone off to reduce costs. Anyway I am sure Obama knows what he is doing!!! He is just soooooo smart!!! I just love him!!!!!
Posted by: EP | February 26, 2009, 3:28 pm 3:28 pm
JFK must be rolling in his grave.
As a Democrat, JFK said “Ask not what your country can do for you, but what you can do for your country.”
Obama is all about increasing consumer reliance on big government as a power grab. The political class now owns you.
Posted by: Peach | February 26, 2009, 3:29 pm 3:29 pm
Several psychologists and psychiatric groups have identified Obama as a “malignant narcissist”.
Look that one up and weep.
Posted by: Peach | February 26, 2009, 3:30 pm 3:30 pm
did anybody see that he is not going to draw down trooops in Iraq? I thought he was going to get us out in 6 weeks.
Posted by: BUSINESS OWNER | February 26, 2009, 3:30 pm 3:30 pm
William J. LePetomane: As to your premature birth on Irish soil question… Because the child’s birth mother is a US citizen, the child will have US citizenship. Whether or not the child also is a citizen of Ireland, I cannot answer due to my ignorance of Ireland’s citizenship laws. If the child’s father is a citizen of a third country, once again, I cannot answer due to my ignorance of “that country’s” citizenship laws.
Posted by: John | February 26, 2009, 3:30 pm 3:30 pm
BHO’s citizenship is not what’s in question. It’s whether or not he’s a “natural born” citizen, eligible to be the C-in-C in accordance with the U.S. Constitution. His father was Kenyan/British subject – first strike. His adoptive father was Indonesian – second strike. He didn’t renounce either citizenship at 18 – strike three. In fact, he reportedly traveled to Pakistan while in college on his Indonesian passport. Is he eligible for U.S. citizenship, absolutely. That, however, doesn’t make him eligible to be the POTUS. If this wasn’t the case, why is he spending millions to protect his college and birth records? To me the answer is obvious.
Posted by: JCM | February 26, 2009, 3:30 pm 3:30 pm
Two simple questions: Is giving loans to persons who can’t afford to pay back a “Liberal” or “Conservative” concept? Is giving illegals government benefits a “Liberal” or “Conservative” concept? These are two of the primary reasons the country is in this mess and it is Liberal driven.
Posted by: eagle1 | February 26, 2009, 3:30 pm 3:30 pm
Here’s the problem many of you aren’t getting. Socialism isn’t a dirty word anymore. Even a republican says the word “nationalization”. McCarthy is long dead. So you’d all better check your hostility and start thinking of some positive, alternative solutions FAST. Otherwise America WILL go the way of France. Right now the wealth distribution is too unequal, the working poor FAR outnumbers the wealthy, and the Internet, progressive GOTV, and demographics are all leaning us that way. If you truly don’t want to see that happen, OFFER SOLUTIONS. People don’t care about being called commies anymore.
Posted by: lr3921 | February 26, 2009, 3:31 pm 3:31 pm
Why dont all you Socialistic Liberals leave the country. If you like the way the Govt can solve all your problems and bail every person that overextended their means, then just LEAVE. Canada, Spain, Cuba, China, Russia, or any number of Socio-Commie countries.
If you don’t like being middle class or less, then work hard to get a piece of the pie. Have a little more self esteem with your self and not sit on the couch watching Oprah and Jerry waiting on your welfare check.
I work hard for my money and want to keep every bit I can. NOT give it to a government that will pad their pockets and socialist programs for the persons that want to just pop out kids so they can get more welfare.
Posted by: KMorrison | February 26, 2009, 3:31 pm 3:31 pm
General: As I said. You are obviously right. He is a sham and a fake. Please, please give your newly uncovered intelligence to the FBI! They obviously did not have it previously. By the way, so-called “hospital” certificates don’t usually count for s***. The several times I have needed mine, it had to be a certified copy from the County Recorder.
Posted by: William J. LePetomane | February 26, 2009, 3:32 pm 3:32 pm
Taxes on the so called rich and businesses equals increased costs or taxes on everyone. What? You think businesses aren’t going to increase prices for their products after they get a tax increase? Or do you plan on legislating costs too? Even though most of us do not make 250 grand a year the impact will be greater because all pricing will be inflated because of the tax increase and the reduction in competition due to many businesses closing or shutting down.
If some of you supporters of taxing the so called rich would look at this realistically or take a course in basic economics you will see that taxing the rich increases costs to every single person in America. Not a debatable issue but a FACT.
There is no use for Liberals since all you do is take and not only give zero value in return but actually make matters worse.
Need an example of what I am talking about? Just read up on the fiscal woes we are having here in California, the nanny state of these United States who enacted these exact same misguided measures years ago. Now look where are now?
Posted by: DasPendejo | February 26, 2009, 3:35 pm 3:35 pm
josh: I’m not going to tell anyone how I picked 21 employees. Man you just have never been a business owner have you? Same as an idiot with tatoos applying for a job, we don’t tell him it’s becasue of his looks we just don’t hire him.
Posted by: BUSINESS OWNER | February 26, 2009, 3:36 pm 3:36 pm
Why don’t you Libs recommend taxing “Wealth” so that the Kennedy’s and the Heinz-Kerry types pay their “fair” share for the money they did not even earn, but inherited? You will never see this because Libs only believe in taxing productive citizens and giving to the unproductive ones. Good bye America.
Posted by: eagle1 | February 26, 2009, 3:36 pm 3:36 pm
HMMMMMMM
“The more important question RYAN C is why do you enjoy paying more taxes?”
Because we have a massive budget deficit and national debt that we are passing on to our children’s children.
Just 8 years ago, we were in a position to begin paying down the national debt but greedy little piggies wanted their tax cuts.
I AGREE WITH YOU RYAN C. I AM APPALLED AT THE LEGACY WE HAVE SQUANDERED, AND THE HORROR THAT WE HAVE CREATED FOR SUTURE GENERATIONS WITH OUR SELFISHNESS AND SHORT-SIGHTEDNESS.
BUT RAISING TAXES IS THE WRONG SOLUTION. WE MUST CUT SPENDING. THE FEDERAL GOVERNMENT IS BLOATED, AND IS A BLIGHT. IT SUBSIDIZES THE WORST OF BEHAVIORS, AND THUS WE GET MORE OF IT. DO NOT FEED THE MONSTER WITH MORE REVENUE. MAKE THE MONSTER SMALLER, AND WATCH PEOPLE START TO STAD ON THEIR OWN TWO FEET AGAIN. HAVE FAITH IN YOUR FELLOW MAN, NOT THE PARASITES IN WASHINGTON DC.
Posted by: Josh | February 26, 2009, 3:36 pm 3:36 pm
I just lost my job. My wife lost hers last month. She has agreed we need to implement a really fast plan to stay afloat here. But first she wants to buy a new Lexus and some jewlry and get a new wardrobe and put in a hot tub. She tells me when that’s all done, it’s tome to get serious about reducing our debt. Sounds reasonable to me now.
Posted by: jimm not THAT jimmy | February 26, 2009, 3:36 pm 3:36 pm
“Oh no! Not increased taxes on big oil!!! What if their profits drop below $150,000,000,000 next year?”
Those profits go to investors, like your grandmother’s retirement account.
Suppose the taxes on “big corporations” are doubled… then grandma’s income will plummet. She won’t be able to afford food, housing, and medicine, let alone a birthday gift for you.
There’s no free lunch.
Posted by: MrPete | February 26, 2009, 3:37 pm 3:37 pm
Let’s scrap any idea of socialistm or nationalism if you prefer to call it.
good bye social security
good bye medicare/medicade
good bye organized national defense
good bye public schools
good bye public transportation
good bye court system/prisons/jails
many of you use socialist concepts every day.
It is in no ones interest to nationalize the banks…however it may be a necessary evil to temporarily take them over to stop the continued detriment to our economy
everyone fend for themselves…..
Posted by: Holden | February 26, 2009, 3:37 pm 3:37 pm
Posted by: BUSINESS OWNER | Feb 26, 2009 3:36:05 PM
so he spends a trillion on wasteful things, then confiscates a trillion from the people and businesses…all in the middle of an economic meltdown?? you gotta admire the arrogance!
Arrogance??? Try economic illiteracy. Not that Bush wasn’t wearing his own dunce cap along with the weak noodle republicans who tried to out democrat the democrats.
Posted by: Ronnie Honduras | February 26, 2009, 3:38 pm 3:38 pm
“everyone fend for themselves” Holden, sounds like a great idea!
Posted by: plainsm | February 26, 2009, 3:40 pm 3:40 pm
Democracy is the theory that the people deserve to get what they want, and GOOD AND HARD. Here it comes, baby!
BTW, we’re were not intended to be a democracy, but a liberty-based republic. So setteth the sun on that many decades ago. To the victor goes the spoils, so neither party will curtail the apparatus that allows for this.
Posted by: Ronnie Honduras | February 26, 2009, 3:40 pm 3:40 pm
To those of you so enamored with socialism, can you please tell me of a socialist country where the standard of living of their poor is better than our poor?
Posted by: n22s | February 26, 2009, 3:41 pm 3:41 pm
ronnie : wrong business owner
Posted by: BUSINESS OWNER | February 26, 2009, 3:42 pm 3:42 pm
Amazing! Too bad people don’t understand that the wealthy provide the jobs and incentives for workers. By raising taxes to this extreme, coupled with unlimited taxation for social security (currently threshold at roughly $100k), limits on deductions and capital gains…..the question bears asking–Why would they want to start or create new companies and JOBS if a majority of the money is taken by Uncle Sam. I think this start to be a question of FAIRNESS and EQUALITY. Shouldn’t we all be treated equally under the Constitution just like our Founding Fathers said? Just a thought.
Posted by: Dr. Bryan C. Binkholder | February 26, 2009, 3:42 pm 3:42 pm
does everybody agree that BO is a socialist now!
Posted by: BUSINESS OWNER | February 26, 2009, 3:43 pm 3:43 pm
Two simple questions: Is giving loans to persons who can’t afford to pay back a “Liberal” or “Conservative” concept? Is giving illegals government benefits a “Liberal” or “Conservative” concept? These are two of the primary reasons the country is in this mess and it is Liberal driven.
Posted by: eagle1 | Feb 26, 2009 3:30:55 PM
I don’t believe there is such a thing as liberal or conservative. I think its fake. They are all liberals. Spending billions upon billions of money that we don’t have. War cost billions. WMD’s been found? Nope. “Mission Accomplished” Obama is just more! There are no conservatives. They all want to spend money!!! The spectrum no longer exists for conservatives in government. the only thing that changes is what they spend money on and how much they spend. How much does the War on Drugs cost? War on Terror? These “wars” will last eternally! there will never be a victor, but they can be used as justification for spending trillions of dollars. Blank Check! how is that conservative?? Its fake !!
Posted by: CrowBAR | February 26, 2009, 3:44 pm 3:44 pm
Josh:
“Just 8 years ago, we were in a position to begin paying down the national debt but greedy little piggies wanted their tax cuts.”
You are spot on with your comment on (most types of) spending.
But why is it greedy for someone paying 39% of their income (REGARDLESS of what their income is) to want an Income tax cut. Especially when, QUITE FRANKLY a majority of the people who pay no Income taxes could afford to PAY SOMETHING (even if a hundred bucks)… at least we would feel like they are making a contribution.
Sure, we may be “greedy little pigs”, but our attitude possibly would be quite different if (i) everybody paid SOMETHING to at least give the impression and feeling that they have a stake and (ii) instead of the government vilifying those who have $$, give a little bit of THANKS AND APPRECIATION for the fact that we are shouldering the Income tax load… not a lot to ask, I don’t think, and it would go a long way.
Posted by: Joey Bananas | February 26, 2009, 3:44 pm 3:44 pm
Theme song for this presiduncy:
“Welcome back Carter”
Posted by: plainsm | February 26, 2009, 3:44 pm 3:44 pm
Ryan C says “Just 8 years ago, we were in a position to begin paying down the national debt but greedy little piggies wanted their tax cuts.”
Bush and JFK proved that tax cuts “increased” the revenue to the government. This was the case this time. The problem was spending!!! The Republicans did not get into trouble by acting like Republicans, but by acting like Democrats and spending like drunken sailors.
Tax increases give businesses no incentive to be productive, invest and grow since the government will take over 50%.
Posted by: eagle1 | February 26, 2009, 3:45 pm 3:45 pm
We agree! There are people out there that do not want this to happen.
Posted by: Hank Reardon | February 26, 2009, 3:46 pm 3:46 pm
ajax, just goes to prove that dems are snobs!
Posted by: plainsm | February 26, 2009, 3:47 pm 3:47 pm
Ryan C
Are you aware that tax revenues went way UP during the Bush years?
Spending was the problem causing the deficits – not the lower tax rates.
Bush is culpable for his part of the spending as is Congress.
But if you think Bush was a big spender just wait until Obama gets through with us. As if that isn’t obvious already.
Posted by: Dave | February 26, 2009, 3:47 pm 3:47 pm
well dow down 77 now. I hope all you libs have pulled money out of your 401ks already. Oh thats right most of you don’t work you just suck up all the tax payers money.
Posted by: BUSINESS OWNER | February 26, 2009, 3:47 pm 3:47 pm
plainsm: theme song for the GOP is the one Groucho Marx sang in “Horsefeathers.”
“No matter what it is, I’m against it”
Posted by: William J. LePetomane | February 26, 2009, 3:47 pm 3:47 pm
Never in my lifetime did I think this would happen…The State of Texas would rescind the 1845 Treaty with the US, followed by the Louisiana State House voting to secede from the Union. From there moves will be made by Florida, Arizona, Montana, Utah and possibly several other southern states. This will kick off a constitutional crisis in DC and will force the Executive Branch to impose some kind of marshal law in an effort to try to keep some sort of semblance. Sounds far fetched? We are inching ever so closer to the Union dissolving. The only issue…how violent does it become during the process.
Posted by: Alan | February 26, 2009, 3:48 pm 3:48 pm
“josh: I’m not going to tell anyone how I picked 21 employees. Man you just have never been a business owner have you? Same as an idiot with tatoos applying for a job, we don’t tell him it’s becasue of his looks we just don’t hire him.”
YES, I AM A BUSINESS OWNER. I AM WELL AWARE OF THE GAMES THAT MUST BE PLAYED WHEN HIRING AND FIRING EMPLOYEES THESE DAYS. IT HAS GOTTEN TO THE POINT WHERE I CAN ONLY FIRE A HETEROSEXUAL WHITE MALE WITHOUT FEAR OF A SHAKEDOWN. I ROUTINELY PAY MINORITIES AND WOMEN SEVERANCE WHEN I RELEASE THEM, EVEN IF THEY ARE AT-WILL AND POOR PERFORMERS. I HAVE BEEN THREATENED, SHAKEN DOWN AND SUED TOO MANY TIMES BY “PROTECTED CLASSES”, SO I CONSIDER THIS A COST OF BUSINESS.
HOWEVER, AS A RATIONAL BUSINESSMAN I ALSO SEEK TO CUT COSTS WHEREVER POSSIBLE. I DO THAT, IN PART, BY HIRING HETEROSEXUAL WHITE MALES WHENEVER POSSIBLE. AN EXCEPTIONAL MINORITY CANDIDATE WILL OF COURSE BE HIRED, I AM NOT GOING TO PASS UP A POTENTIALLY GREAT EMPLOYEE FOR FEAR OF A FUTURE SHAKEDOWN, BUT IT IS A LEGITIMATE COST/BENEFIT ANALYSIS AND IT IS EMINENTLY SENSIBLE FOR ME TO UNDERTAKE IT.
LIBERALS AND POLITICALLY CORRECT MEDDLERS – I AM JUST BEING HONEST AND IF YOU ARE FAIR AND PUT ASIDE YOUR SOCIAL OBJECTIVES, AND THINK STRICTLY AS A BUSINESSMAN, YOU WILL REALIZE THAT WHAT I AM DOING IS CORRECT. THE SADDEST PART IS THAT PERSONALLY I PREFER TO HIRE THE BEST CANDIDATE REGARDLESS OF RACE, SEX OR ANYTHING ELSE. IF THE PERSON IS BRIGHT, HARDWORKING AND HONEST I WANT THEM. BUT NOW MINORITIES HAVE A STRIKE AGAINST THEM, THAT BEING MY JUSTIFIABLE FEAR OF FUTURE LAWSUITS. IT IS SAD.
DO YOU SEE WHAT YOU HAVE WROUGHT? DO YOU UNDERSTAND UNINTENDED CONSEQUENCES?
Posted by: Josh | February 26, 2009, 3:48 pm 3:48 pm
“To those of you so enamored with socialism, can you please tell me of a socialist country where the standard of living of their poor is better than our poor?”
Most of the countries that are ahead of us in standard of living are socialist countries.
Posted by: Ryan C | February 26, 2009, 3:49 pm 3:49 pm
Ryan C,
What did you do, read the cliff notes version? There is plenty of case law defining what being a “natural born” citizen means. First and foremost, is being born of two citizens. Second, you cannot be a dual citizen, which Obama had to be to attend school in Indonesia as a child. If he didn’t renounce this, he is still a dual citizen. And I clearly stated that it was “reported” that he traveled to Pakistan with other than a U.S. passport. That’s why I started out by saying it’s not about citizenship. Being the POTUS/CinC is all about allegiances. Read a little more please.
Posted by: JCM | February 26, 2009, 3:49 pm 3:49 pm
Moi? Hell no! I’m no Democratic snob just cause I speak a petit peu of French. Look, I just don’t like to see a good language mangled, okay?
Posted by: ajax | February 26, 2009, 3:50 pm 3:50 pm
Holden, good job beating up on that silly strawman you libs always bring out. The concept you’re looking for and the one the Founders intended, is called FEDERALISM. But people like you think DC is better at making decisions for your state than your state legislature.
Won’t you join us in this bipartisan effort to reaffirm the 10th Amendment? State sovereignty is something libs can get behind too. Think about, no federal unconstitutional drug laws, no taking your money from your state and paying for a bike path in some other state, no national fights over abortion.
IT WAS ALL MEANT TO BE LEFT TO THE STATES EXCEPT FOR A FEW ENUMERATED POWERS. THE CURRENT SITUATION IS THE PERFECT EXAMPLE OF WHY THE FOUNDERS WERE RIGHT.
FEDERALISM!
Posted by: sigh | February 26, 2009, 3:50 pm 3:50 pm
Holden said:
“Let’s scrap any idea of socialistm or nationalism if you prefer to call it.
good bye social security
good bye medicare/medicade
good bye organized national defense
good bye public schools
good bye public transportation
good bye court system/prisons/jails
many of you use socialist concepts every day.”
Perhaps you are ignorant of the definition of socialism; government ownership of the means of production.
The ECONOMIC defition of fascism; government control of privately held means of production.
Capitalism is the private ownership of means of production.
Ummm, which ECONOMIC model best describes the philosophy of progressives?
By the way, many of the things mentioned are outlined in the constitution. For those of you ignorant of its content, it does not say “life, liberty and the pursuit of happiness”.
Posted by: n22s | February 26, 2009, 3:50 pm 3:50 pm
William LeWhatever: I just named one hit,
another is Louis Armstrong’s “Nobody knows the trouble I’ve seen”
Posted by: plainsm | February 26, 2009, 3:51 pm 3:51 pm
$250K per year is going to affect a lot more people than most would think, after the inflation that will be caused by excessive government spending takes hold.
Posted by: Economist | February 26, 2009, 3:52 pm 3:52 pm
LePetomane: The issue with the Kenya birth is primarily that the Constitution specifies that only “natural born” citizens can become President. If he were born in Kenya of American parents, he would be a citizen, but not natural born.
There’s also the issue of whether or not his mother had lived for the 10 years preceeding his birth in the US; at least 5 of which had to be after the age of 14 (impossible, since she was 18 at the time.) That means if he was born in Kenya, he would not be a US citizen (natural born or otherwise.)
Further complicating the picture, his mother left the US and married an Indonesian. (There is some dispute over whether Suerto adopted Obama or not.) At any rate, he would have lost his US citizenship when she moved him to Indonesia and married a citizen there. To regain citizenship, after age 18 he would have had to have taken an oath of allegience before a judge or US consular official (a copy of which, with the appropriate seal, would be in existence.)
Rather than argue whether or not Obama meets the requirements to hold office (among which, the Constitution states “natural born citizen”), you continually post trivial theoretical questions about other cases.
Hmmm. When liberals refuse to answer a specific question, there’s usually a very good reason!
BHO could put all this to a quick end by proving where (and when) he was born, and subsequently, where he regained his citizenship status after their time in Indonesia. The fact that he has not done so only perpetuates this debate, and lends credence to those who claim he cannot offer such proof.
Posted by: Mike | February 26, 2009, 3:52 pm 3:52 pm
This is quite simply a recipe for disaster. Plain and simple. The Republicans will have a ton of work to do when they regain control in 2010…not the least of which will be to undo this nonsense.
Posted by: PJ | February 26, 2009, 3:53 pm 3:53 pm
I do not espouse socialism. And we like to think that we in the US are the best at everything. It is rather sobering to understand that we are ranked tenth in the annual Human Development Index used by the UN. The HDI takes into account life expectency, literacy rates, gross domestic product, and purchasing power.
Posted by: William J. LePetomane | February 26, 2009, 3:53 pm 3:53 pm
I read somewhere else that mortgage interest will no longer be deductible. Way to stimulate that housing market.
Posted by: nomomoney | February 26, 2009, 3:55 pm 3:55 pm
Mike: so John McCain was not a “natural born” citizen either? Wow.
Posted by: William J. LePetomane | February 26, 2009, 3:55 pm 3:55 pm
Did any of you happen to read that Obama is going to use only Union Labor to reconstruct the United States. He is also going to try and rewrite the Consitiution. I thouhgt thye wer slready doing whatever they want without the permission of the people. This is supposed to be his idea of transparency ?
Posted by: Margaret | February 26, 2009, 3:56 pm 3:56 pm
“Are you aware that tax revenues went way UP during the Bush years?”
Vs what? Earlier Bush years?
The tax revenue in his last year or two was just catching up to what Clinton was taking in his last two years.
“Spending was the problem causing the deficits – not the lower tax rates.”
When you lower revenue without lowering spending you create a deficit.
That’s before you add any spending.
Posted by: Ryan C | February 26, 2009, 3:56 pm 3:56 pm
Too late Business owner, those 401k are now 104k’s.
Posted by: nomomoney | February 26, 2009, 3:57 pm 3:57 pm
“Mike: so John McCain was not a “natural born” citizen either? Wow.”
Neither is Bobby Jindal!
Posted by: Ryan C | February 26, 2009, 3:57 pm 3:57 pm
Here is another sobering fact: the World Health Organization lists the US at number 37 in “quality of health care.”
37! Thirty-Seven!
Makes you wonder what 36 countries are ahead of us
Posted by: William J. LePetomane | February 26, 2009, 3:58 pm 3:58 pm
LePetomane,
This issue doesn’t apply to McCain because both his parents were U.S. citizens, and, he was born on a U.S. protectorate where his father was stationed. Case law has upheld this position.
Posted by: JCM | February 26, 2009, 3:58 pm 3:58 pm
It’s easy to see why millions will dance in the streets after DC is nuked!
Posted by: Trent Hull | February 26, 2009, 3:59 pm 3:59 pm
Say goodbye to good paying jobs. Get ready for a paycut. Small Businesses will not be able to survive this. and The Big businesses will cut payroll and re-hire people at a lower rate. Get ready for no more prosperity.
Posted by: TEXAN | February 26, 2009, 3:59 pm 3:59 pm
i work for myself and made about $50k last year. i
have four kids and pay for own health insurance.
between federal, state, city and county, sales and
property taxes i coughed up at least over $15k in
taxes. is that enough “skin in the game”….you can
through about $10k in health costs for my family
last year too…all that is nearly half of my income.
george bush’s tax cut helped me a great deal. i
guess i need to be punished now.
Posted by: john | February 26, 2009, 3:59 pm 3:59 pm
It’s time for a business revolution. All wealthy people making 250K or more need to take a voluntary pay cut to get under the tax. Businesses need to take that money and buy cold, hard bullion which they store in a vault and doesn’t get taxed. Thus, the government doesn’t get an extra dime and collapses under the weight of the excess fat it willingly generated.
Don’t dodge the tax. Just make it so the tax doesn’t work.
Posted by: Scott | February 26, 2009, 4:00 pm 4:00 pm
Ryan C said:
“Most of the countries that are ahead of us in standard of living are socialist countries.”
No Ryan, I was looking for substance. It is just as easy (and intellectually bankrupt) to say that no socialist country ahead of us in standard of living are socialist countries.
This is why it is so difficult dealing with the left. They throw statements out there as if they are facts instead of opinions. Notice Ryan C doesn’t state the basis of his argument, he simply makes the statement.
Statements such as this are evidence of the intellectual bankruptcy in this country. Ryan probably received his information from some left leaning professor or book without exploring the ideas, concepts and arguments presented by the other side.
I asked the progressive geniuses to name one country. All I get is “Most of the countries that are ahead of us in standard of living are socialist countries.”
Name a country and why. That will form the basis of a debate.
Posted by: n22s | February 26, 2009, 4:00 pm 4:00 pm
josh ; Is that you? You seem to have 2 personalities.
Posted by: BUSINESS OWNER | February 26, 2009, 4:02 pm 4:02 pm
“Neither is Bobby Jindal!” Correction Ryan C, he is 36, and his parents came here in 1971. Do the math, if you can
Posted by: plainsm | February 26, 2009, 4:03 pm 4:03 pm
Taxation brought down a British King…Americans just don’t like it…not much has changed. I think Obama is risking his second term by taking on the middle class. Yes…he’s taxing the middle class. He’s also going to hit the lower income people with tobacco taxes and inflatonary employment policies. I’ll give him credit, he’s rolling the dice!
Posted by: DontGet818OnMeNow | February 26, 2009, 4:03 pm 4:03 pm
Neither is Bobby Jindal! Ryan C,
Nice deflection, but the discussion isn’t about Jindal. But to address your comment, you are correct. Jindal is a citizen, but not a natural born citizen unless both his parents were naturalized before his birth.
Posted by: JCM | February 26, 2009, 4:03 pm 4:03 pm
So we’re going to help the unemployed by punishing the employers? Smug, ignorant liberals really don’t have a clue.
Ben Franklin saw this coming.
“When the people find they can vote themselves money, that will herald the end of the republic.”
Posted by: alpacalips | February 26, 2009, 4:04 pm 4:04 pm
Make sure you talk about all this with your friends, neighbors, family and co-workers. If they try and defend it call them to task. You know that a reasonable person can not defend this on an intellectual basis. If they refuse to listen, they were never your friend. Distance yourself from Stupid
Posted by: Ricochet | February 26, 2009, 4:04 pm 4:04 pm
john and scott; well said and good advice.
Posted by: BUSINESS OWNER | February 26, 2009, 4:05 pm 4:05 pm
There are only two groups that matter now:
Producers and their supporters
and
Leeches and their supporters
I’m a Producer and I will stand with the Producers until death.
Posted by: sigh | February 26, 2009, 4:05 pm 4:05 pm
Well so many great comments; some because they are true but the majority because they reveal the ignorance of the vast majority of our citizenry.
Our founders told us that maintaining liberty and freedom was dependant upon the concern, knowledge, and participation of the citizens. In the discussions leading up to the signing of the Constitution, a common answer to predictions that things will happen (things like removing our gun rights, over taxation, over regulation..etc) was that the citizenry would never stand for it. Well an ignorant majority will evidently.
If you ask why we continue to elect people that get us into these messes the answer is: universal sufferage. We have to take a test to drive for christ’s sake but we’ll have some one pick you up from the institution to take you to vote.
Socialism isn’t sustainable nor is pure democracy. Our federal republic died with Lincoln, and has been in a slow spiral ever since.. this is the slippery slope that became cliched around the time Goldwater was trying to get people to see sense.
Bend over, my fellow citizens, grab both cheeks, and pull them apart.. because it’s coming.
The constitution is dead and the only recourse those of us who love and, more importantly, understand the concept of liberty and how it is impossible in an environment where a govt has it’s hands in everything, will be to revolt or renounce citizenship and attempt to start over somewhere else.
It wouldn’t suprise me that in less than a decade we’re all wearing outfits colored based on our occupation or some other identifier and waiting in line at the grocery store for bread and tp. You know like before the soviets stopped doing what we’re starting to do and like the chinese did when they were poor Before they began adopting our old capitalist philosophy.. Where you go to the store not knowing what’s available until you get in and see the 3 items they have on the shelf.
I pay 38.6% of my income in taxes..not counting sales tax, gas tax..etc. If you raised that number to 90% the govt would not have enough money for all of the pet projects.. we’d still run deficits. I barely scrap by on a salary that at first sounds impressive. I don’t give to charity, I don’t tithe.. I can’t afford to anymore.
Raising taxes and increasing spending isn’t going to stimulate anything except corruption and a further erosion of our freedoms.. REDUCE TAXES.. STOP SPENDING.. that’s stimulus. You would see a drastic increase in donations to charity and consumer spending. You’d just have to eliminate the wealth redistribution..sorry negative income tax.
Posted by: Jd | February 26, 2009, 4:07 pm 4:07 pm
None of his cabinet knows a thing about taxes, because they don’t even pay them. Neither does BHO. Oh wait, I guess they really do know that raising taxes causes companies and others to find ways to not pay them. What a bunch of Marxists…and we all know how that turned out.
Posted by: DJ | February 26, 2009, 4:08 pm 4:08 pm
Ryan C
If the last two years of Clinton had greater tax revenues, it was due to the internet bubble.
Bare in mind before Bush took office the Nasdaq dropped from 5000 to 2500. Taxes from stock options gave an unnatural rise to the tax revenues that is being recovered by capital gains losses ever since the bubble burst.
Spending is the issue and the Republicans violated the trust of their supports (and for that matter the American people) by not reigning it in, cutting into bureaucracies and eliminating useless departments from government.
The problem is that everything they did wrong is going to be doubled under Obama with some extra nasty things thrown in that will be difficult to rollback in the future.
Posted by: Dave | February 26, 2009, 4:09 pm 4:09 pm
prediction: BO’s approval rating will be below 40 at the end of april.
Posted by: BUSINESS OWNER | February 26, 2009, 4:09 pm 4:09 pm
Oh, my God–
He really IS going after the manufacturing base of this country. Hello, unions? Obama is coming after your smokestack industries! Why else would he tax the bejesus out of Oil and Gas in the Gulf of Mexico? Why does he want to so recklessly make the price of energy skyrocket? He wants to destroy American manufacturing, health-care and anything else that needs oil or natural gas to operate. What an evil fool.
Posted by: john arens | February 26, 2009, 4:10 pm 4:10 pm
“BHO could put all this to a quick end by proving where (and when) he was born,”
He did.
He posted his COLB stating his birthdate and location.
Lunatic birthers call it a forgery based on bs anaylsis by an anonymous freeper with fake credentials.
Posted by: Ryan C | February 26, 2009, 4:10 pm 4:10 pm
I’m a Republican, and I can’t believe that I’m actually liking this! I hope he keeps stirring the pot.
Posted by: The Butler | February 26, 2009, 4:12 pm 4:12 pm
“If the last two years of Clinton had greater tax revenues, it was due to the internet bubble.”
So Clinton’s tax revenues cannot be counted because of the internet bubble but Bush’s can even with the housing bubble?
Posted by: Ryan C | February 26, 2009, 4:12 pm 4:12 pm
Seerak, I don’t know anyone who strives to stay in the middle class.
Posted by: navyblueangel | February 26, 2009, 4:12 pm 4:12 pm
Great! Raise taxes by $1Trillion ($100 Billion per year), do more damage and raise spending by $1 Trillion a year. The Congress 2007-2010 is going to spend more and have deficits larger than the Congress 1995-2006.
Although presidential leadership (or lack of it) is important. It’s Congress that is the problem! Throw them all out! Congressional spending gave us deficits under Reagan. Congressional spending caused Bush to break his no new taxes pledge. A strong Congress reversed the trend under Clinton. Congressional spending has been the problem under Bush and is now out of control under Obama. Throw them all out!
Posted by: eco | February 26, 2009, 4:13 pm 4:13 pm
William J said:
“It is rather sobering to understand that we are ranked tenth in the annual Human Development Index used by the UN. The HDI takes into account life expectency, literacy rates, gross domestic product, and purchasing power.”
I suppose your inability to spell expectancy properly only adds to your argument.
There are many factors that go into such an index. However, notice they don’t rank freedom, which factors into numbers as well. By the way, we are currently ranked 6th in freedom by some such organization.
Did you ever consider that are sedentary lifestyles, as a result of freedom and wealth, contributes negatively to life expectancy?
Doesn’t every child have access to education? Could there be other things factoring into our literacy rates? By the way, thank heaven for teacher unions!
GDP and purchasing power. I don’t know but I suspect we do rather well.
Never forget to factor in the agendas of the organizations performing these rankings as well.
Posted by: n22s | February 26, 2009, 4:13 pm 4:13 pm
This is what is wrong with the new generation. They never read a book ( exept facebook ) and dont know that history repeats. Greg, you ever hear of the USSR?
And didnt we try to crush comunism a few years back?
Posted by: Greg | Feb 26, 2009 12:18:02 PM
The sacrifices of the present will be the prosperity of the future. I would rather have my money taxed and put to good use than watch my savings erode away thanks to some Wall Street executive. People need to band together for the common good and sacrifice their money for the Nation so improvements can be made in areas such as health care, infrastructure, and energy independence.
Posted by: nonsocialistamerican | February 26, 2009, 4:14 pm 4:14 pm
butler ; this may have a good effect if he doesn’t run it to far into the ground. It will kill unions and get families back together( because they will have to live togetther).
Posted by: BUSINESS OWNER | February 26, 2009, 4:14 pm 4:14 pm
“Nice deflection, but the discussion isn’t about Jindal.”
Its not about Obama’s birth certificate either.
Its about Obama’s tax plan.
Posted by: Ryan C | February 26, 2009, 4:14 pm 4:14 pm
Ryan C said:
“Most of the countries that are ahead of us in standard of living are socialist countries.”
No Ryan, I was looking for substance. It is just as easy (and intellectually bankrupt) to say that no socialist country ahead of us in standard of living are socialist countries.
This is why it is so difficult dealing with the left. They throw statements out there as if they are facts instead of opinions. Notice Ryan C doesn’t state the basis of his argument, he simply makes the statement.
Statements such as this are evidence of the intellectual bankruptcy in this country. Ryan probably received his information from some left leaning professor or book without exploring the ideas, concepts and arguments presented by the other side.
I asked the progressive geniuses to name one country. All I get is “Most of the countries that are ahead of us in standard of living are socialist countries.”
Name a country and why. That will form the basis of a debate.
___________________________________________________________________________
NC22,
What did you expect? These are the same people that constantly claim that Cuba has a better health system than we do!!! HAHA!!!
Ryan is being the typical dishonest Liberal. While we are dealing with our own financial crisis, European nations are getting far worse than the USA. In fact, some say that countries like Germany and others have slipped into a depression.
Something that Ryan C won’t mention is that Germany is in such bad shape that recent college grads in Germany are leaving their nation to find work in the USA in numbers not seen since the early 1900s.
there is a reason why Europeans LOVE moving the USA. Their countries suck compared to the USA.
There have been moments in the 20th century where it appeard that some socialist nations in Europe where doing better than the USA, but the overall picture shows that socialist nations, communist nations do worst economically, politically, socially, etc, etc, etc than capitalist nations.
There is no nation that has taken the course that Obama is taken and became a strong economic nation.
What Obama is doing is NOT bringing up the poor or the low-middle class….he is lowering the high-middle class and the rich class.
I ran into this type of thinking a long time ago before I graduated from college. The mentality that since you can’t bring up some in the poor class, the best way to equalize everyone is by bringing down the high-middle class and the rich class.
Question to the Liberals….
Why would I or anyone else for that matter work hard and try to earn $250,000 if the government is going to punish me and take away over 40% of my income? I might as well stay at a lower income, where the government will touch less of my money!!!
not to mention, what incentive is there for a poor person to go to school, work hard, etc, if the government is going to steal from the rich to give to them.
About one of the few things that Clinton did with the Republican party is reform our welfare system. With one stroke of the pen, Obama destroyed it.
The sad thing is that the poor Liberal brainwashed mines keep on spewing out….
Republicans are for the rich, Republican is the party of the rich.
Of course FACTS go against this.
The Democrat Party has the richest members of Congress. The richest person to ever run for the Office of the President was a Democrat.
Not to mention that the filthy rich class in Hollywood mostly belong to which party? Democrat party.
It is a huge myth that the rich are Republican.
Hmmmmm….Obama keeps on saying that we all have to make hard choices and make sacrifices.
Liberals, obamabots, drooling supporters of this joker….
what sacrifices are Obama and his family making? what sacrifices are Democrat members of Congress making?
Posted by: CJ from Illinois | February 26, 2009, 4:16 pm 4:16 pm
To the poster who lamented about “destroying our manufacturing and unions…” They were destroyed a long time ago when we started exporting jobs to third world countries and allowed this tremendous trade imbalance to continue. What you’re saying is that our money is good enough to be taken by corporatiuons who will export it, but not good enough for them to reinvest it in workers here. Sorry. I hope they soak them but good.
Posted by: The Butler | February 26, 2009, 4:16 pm 4:16 pm
Ryan C,
You are so transparent. In stead of providing proof, you provide a strawman argument. Though we could debate the validity of his COLB, it is still not a copy of his original birth certificate. Hawaii has had a policy of providing COLBs for foreign born babies for years. That doesn’t really mean anything. The most telling thing it doesn’t show is who his father was, which I personally believe would indicate BHO Sr. You can’t explain that away with an argument like yours.
Posted by: JCM | February 26, 2009, 4:16 pm 4:16 pm
Because they needed to “feel good about themselves”…because they wanted handouts from the government…because they needed to be part of history…because they are jealous of those who are “better off” than them…because “they wanted theirs” (even though they did not work for it)…or because they feel “guilty” for what they already have (i.e., Liberal/Hollywood elites), the Obama voters elected a man who is in the process of loading the next generation with debt that WE CANNOT AFFORD. He is also in the process of removing the rights of American citizens.
How will the Obama voters look their children in the face when they ask, “Why did you create so much debt for us because you needed a bailout, a park, and a mouse in San Francisco to be saved?!” How will Obama voters answer their children when they are asked, “How could you have allowed Obama to take away our rights?” How will they answer their children when they ask, “Why did you allow BO to take away my ability to be as successful as I wanted to be in this country (i.e., make over $250,00)? How will you look them in the eye without “feeling” as selfish and as small as Nancy Pelosi’s SF mouse?
Obama voters were like a teenage girl on a date with a high school crush (no disrespect to high school girls) as they were all caught up in the sweet talk of ONE guy. They were hoodwinked by Obama and the media. And, now we will ALL bear the brunt of BO & MO’s selfish AGENDA for this country. Elections have consequences!
Posted by: TheAudacityofObamaVoters | February 26, 2009, 4:16 pm 4:16 pm
n22s: thanks for pointing out my typo error. That is the first time that has ever happened. LOL
By the way, I do not dispute anything you say. I am not making any particular argument, just relaying information. We like to think we are the best at many things and it is somewhat sobering to learn that may not be the case always. BTW, the US had a hand in developing the HDI standards of measurement.
Posted by: William J. LePetomane | February 26, 2009, 4:17 pm 4:17 pm
“However, notice they don’t rank freedom, which factors into numbers as well.”
ROFLMAO.
“By the way, we are currently ranked 6th in freedom by some such organization.”
Which organization measured freedom?
Posted by: Ryan C | February 26, 2009, 4:17 pm 4:17 pm
Its not about Obama’s birth certificate either. Ryan C,
If that’s the way you feel, why engage this topic? Once again, nice try.
Posted by: JCM | February 26, 2009, 4:18 pm 4:18 pm
As of 2007 data there is only one large industrial country that surpasses the United States in standard of living and it is Norway. Undoubtedly socialist, Norway does have higher figures in the GDP per capita category. This is not particularly valid however, because Norway’s population is relatively quite small to the US at less than 5 million. In tangible terms no country has as much wealth or as much wealth per capita as the United States.
Posted by: Casper | February 26, 2009, 4:19 pm 4:19 pm
Our 2009 budget deficit is going to exceed the size of France’s entire economy.
Posted by: L Dave | February 26, 2009, 4:20 pm 4:20 pm
Obama has declared war on capitalism itself. Obama will tax any and every profitable company into nonexistance and every individual into poverty. he is ever more readical and further to the left than Limbaugh feared
Posted by: IMPEACH OBAMA NOW!!! | February 26, 2009, 4:21 pm 4:21 pm
“Though we could debate the validity of his COLB, it is still not a copy of his original birth certificate.”
What is need on his original that is not provided for on the COLB?
It has his birth date and location.
That is the only thing need to prove he was a citizen at birth and therefore a natural born citizen.
“Hawaii has had a policy of providing COLBs for foreign born babies for years.”
And the COLB would indicate that birth place.
“The most telling thing it doesn’t show is who his father was, which I personally believe would indicate BHO Sr.
“You can’t explain that away with an argument like yours.”
No one can explain the facts to birthers. There are too many lies for them to fall back on. When you do explain the facts you get cryptic remarks like yours that something is being hidden.
The time for debate on that has ended, the time for ridicule has been in full swing.
Posted by: Ryan C | February 26, 2009, 4:22 pm 4:22 pm
The Key is family’s over 250,000 in other words single earners over 125000 get pinched…Dont be fooled by the text
even the reporter missed it
greg
Posted by: GC | February 26, 2009, 4:22 pm 4:22 pm
“TAXES BAAAAAAAAAAAD!!
OBAMA BAAAAAAAAAAAD!!
TAX CUTS GOOOOOOOOD!!
I think that pretty much sums up the entire GOP platform. It is beyond parody at this point. And y’all really need to look up the definition of socialism because taxes do not equal Socialism. If they did, then Reagan and Bush Sr were both Commie Socialists.”
You are right, taxation is not socialism. However, the economic model of the current administration is closer to fascism than anything else. Fascism, for those of you ignorant of its definition, is an economic system based upon government control of privately held means of production.
Now with the government giving bailouts to privately held companies and then dictating to them how their companies should be run isn’t the economic definition of fascism they are doing a good job of imitating it.
Posted by: n22s | February 26, 2009, 4:23 pm 4:23 pm
For those of us Yankees, Baton Rouge IS a foreign country. LOL
Posted by: William J. LePetomane | February 26, 2009, 4:23 pm 4:23 pm
JD, I’ve looked up the definition of socialism. apparently, it has something to do with governments that nationalized health care, banking, real estate, and the auto industry.
it’s always fun to soak the rich, but that only insure that there will be fewer of them in the future.
Posted by: jon | February 26, 2009, 4:25 pm 4:25 pm
…and as if by some coordinated effort 5 million Americans flooded into Washington DC and gathered for an impromptu all night rally. The voices of the people chanting, BARNEY could be heard for miles in all directions. But, it was the sound of the National Anthem being sung at 3:30 am that will be remembered as the single greatest moment in American history. As the world watched the citizens of the United States gathering in every city with a single objective. Never before have so many come together to raise their voices and remind the leaders of ‘We the People’! It was all summed up by a young child sitting on her father’s shoulders holding a sign the simply read, “Let the Tea Party Begin”!
July 4, 2009
Posted by: Gus Rodriguez | February 26, 2009, 4:27 pm 4:27 pm
TheAudacityofObamaVoters: I can answer those questions for you. It’s easy really. You see the “Keep it positive and prosperouse act of 2012″ will make all such questions illegal. So, if your child asks you anything you’ll have to turn them in immediatly to the local federal police department for internment and re-education. So, no worries. :)
Posted by: jd | February 26, 2009, 4:28 pm 4:28 pm
I’ve worked in a union environment, and I say to hell with them!!!! They’re negotiating skills aren’t that good anymore and it appears (often times) that they are “sleeping with the enemy”. I fought my own cases because they’re methods were not up to speed and felt robbed because I pay them money to do it for me. In telecommunications, you have to pay the dues whether you’re in the union or not. Well, I say “or not” and give me back my money. I could use it for my kids!
Posted by: Terri | February 26, 2009, 4:29 pm 4:29 pm
WOW – Obamanomics are so divisive..
Posted by: Jer | February 26, 2009, 4:29 pm 4:29 pm
“No Ryan, I was looking for substance. It is just as easy (and intellectually bankrupt) to say that no socialist country ahead of us in standard of living are socialist countries.”
Iceland, Norway, Canada, Australia, Ireland, The Netherlands, Sweden, Switzerland, France, Finland & Denmark.
Each of these countries has a higher standard of living that us and are considered socialist by right wingers.
Basically these countries have systems in place that are similar to what Obama proposes which you guys are calling him a socialist for or even farther to the left.
Posted by: Ryan C | February 26, 2009, 4:31 pm 4:31 pm
Please be advised that throughout history and cultures most of those who precipitated this debacle would have been hauled into the back weeds and pummelled with rusty shovels. They should count their blessings that they may be ingnored into oblivion.
Posted by: prairiebladerunner | February 26, 2009, 4:32 pm 4:32 pm
Still nothing intelligent from the Liberals as to why the working Americans have no choice but to pay for the lazy Democrats who refuse to work.
Last I heard, this is a nation of choice. Republicans CHOOSE to work and achieve success, while Democrats CHOOSE to sit and get WELFARE.
But, we, the working people, should have the CHOICE not to be forced to pay for the lazy….
Can a Democrat explain why we are having that CHOICE taken away from us?
Why are we being forced to pay for the lazy who CHOOSE not to get a free education, CHOOSE not to work….and then WHINE because someone who DOES work, has more than them?
Get to school, stop worrying about how many $200 sneakers you have, or gold teeth……WORK HARD and you can succeed.
Success is NOT a Right, it’s a privilege for EARN it.
Posted by: Daniel Smith | February 26, 2009, 4:32 pm 4:32 pm
Jon: You’re right. Socialism is not sustainable. But it never really was intended to be anything except a transitory phase towards communism which is a complete control of all resources by the state..or government.. of course you should realize that govts. are just conglomerations of men.
Obama isn’t stupid really. If you believe that he has bad intentions toward this country.. his current policies should only reinforce that belief.
I think that he is either incompetent or complicit in spreading fear and crises in order to ram policies through that will ulimatly bring about the final downfall of our system.. the destruction of it…. from capitalism, where we’re each free to make decisions for ourselve but have to bear responsibility for those actions, to socialism which is a mix, to communism where we have no say in our lives and no responsibility for them.
I’d rather starve to death while dieing of cancer I can’t afford to have treated than live 80 years going where I’m told doing what I’m told..etc.
Posted by: jd | February 26, 2009, 4:34 pm 4:34 pm
Ryan C wrote:
“‘However, notice they don’t rank freedom, which factors into numbers as well.’
ROFLMAO.
‘By the way, we are currently ranked 6th in freedom by some such organization.’
Which organization measured freedom?”
I got the ranking from the Heritage Foundation/Wall Street Journal. Do they have agendas…yes they do. Ilustrates my earlier point, doesn’t it?
I’m a little shocked that the thought of freedom playing into a country’s standard of live makes you laugh.
What a wonderful world this would be if, at the point of a gun, we could force people to eat properly, achieve certain test scores, etc.
Your inability to understand how important freedom is, more so than free this or free that is illustrative of what is wrong with some on the left.
Remember just as you have the freedom to be right, you have the freedom to be wrong. And lets face it, wrong decisions affect the standard of living of many in this country.
Posted by: n22s | February 26, 2009, 4:35 pm 4:35 pm
What an idiot! How stupid does one have to be to think that increasing the cost of oil and gas production is going to help energy independence? And who will pay the extra costs? Consumers, most of whom make a good bit less than $250K.
Posted by: Joel | February 26, 2009, 4:36 pm 4:36 pm
Screwing the economy, NOW THAT’S CHANGE WE CAN BELIEVE IN!!
Posted by: Hail Obamamama | February 26, 2009, 4:39 pm 4:39 pm
“Obvious – The Panama Canal Zone was a territory of the United States from 1903 -1979. So in 1936 When McCain was born he was a U.S. citizen because he was born in a U.S. territory on a U.S.Naval Air Station Coco Solo in the Panama Canel Zone”
The Panama Canal’s territory status is not an issue. Also McCain was not born on a military base.
McCain was eligible to be President because he was a citizen at birth, a natural born citizen.
But it is funny for the right wing to make excuses for their guy.
Shows the phony nature of the whole birther mess.
Posted by: Ryan C | February 26, 2009, 4:39 pm 4:39 pm
You are right, taxation is not socialism. However, the economic model of the current administration is closer to fascism than anything else. Fascism, for those of you ignorant of its definition, is an economic system based upon government control of privately held means of production.
Now with the government giving bailouts to privately held companies and then dictating to them how their companies should be run isn’t the economic definition of fascism they are doing a good job of imitating it.
Posted by: n22s | Feb 26, 2009 4:23:23 PM
________________________________________________________________________________
N22s,
I don’t think you are getting too far with these socialist who do not understand what fascism is.
Fascism is what we are seeing today under Obama. A government that dictates to the private sector how to run its business. This is the type of facism that existed under Mussolini, Spain’s Franco.
Under Fascim the private sector exists, unlike in communism. However, the private sector is heavily regulated by government.
Not to mention that what we are seeing coming out of our government these days is not being debated. Democrats in Congress and in the White House are acting like who they are…dictators that are imposing their will on America. They are using these financial crisis to destroy capitalsim.
Individuals like Ryan C. will regret it. They only spew out left wing propaganda and never take the time to analyze what he was forced to think by Liberals.
There is no nation on Earth that has reached the levels of military power, prosperity, etc under socialism that even comes close to the USA. the left loves claiming other wise, but any honest person knows that this is far from true.
Obama now owns the economic disaster that we are facing. the American people will give his plans a chance. However, with in six months to a year if things have not improved, Obama’s and the Democrats’ hope for more gains in the 2010 Congressional elections are doomed. More likely than not you will see Democrats lose both houses of Congress.
You know the sad part is that Democrats who love to claim that they love democracy, would not mind seeing Congress and every other branch in government in complete and full control of their party. In other words, having a one party dictatorship.
Remember that Liberals claim to love freedom of speech…of course, as long as that speech agrees with their Liberal ideology.
Posted by: CJ from Illinois | February 26, 2009, 4:39 pm 4:39 pm
I don’t feel sorry for any of you spoiled rich people complaining about our president. He is not perfect but at least he is trying to fix our economic mess. I don’t agree with bailing out people who mismanaged their finances but I do agree with making the rich pay more. All the rich people on here stating that they will give less to charities now is so diabolical that it just proves that they have too much money. If they have so much money that they can give it away than they need to pay more taxes. Most of those charities are a scam anyway where the director gets a fat paycheck before they do any good. It’s like the rich helping the rich in the name of “charity”. Most people in this country are way overpaid for what they do. That is the reason we are in this mess. America is full of spoiled rich people. I’ve lived poor all my life. I don’t go on vacations or live beyond my means by putting myself in debt. You don’t need beautiful homes to live in. I live in an old run down small trailer. Until all the rich people live like I do, I will not sympathize with them.
Posted by: tough one | February 26, 2009, 4:39 pm 4:39 pm
I’d like to say something to the American people; The time of decadence, greed, and deceit is over. Too long so many of us have taken little interest in what has been going on in our communities, only focusing on ourselves and how we could get our share of the American dream. During this time our politicians grew fat upon chairs, swelling with the corruption that their power had exposed them too. Now look at us!!!! Does anyone remember what made this nation so great!?! If not let me remind you that our forefathers came from hardship and strife that very few if any of us know, and through the knowledge they gained by enduring their hardships did they create the United States Constitution. This document is the beating heart of our country and dictates what the government is allowed to do. Does our government even feel it has to answer to us OR abide the constitution anymore!?! The law is being pulled away from the people and into the hands of a dictator we elected. If you step back and look at the picture as a whole, our current circumstances are very similar to a mix of emerging Nazi Germany and the fall of the USSR. If serious changes are not made to the current administration’s economic policies and blatant disregard for anyone outside their plans, then we will likely be forced to take up arms against our brothers and sisters once more. You have less than two years mister president till the GOP takes back control, I highly suggest you stop steamrolling pet projects through legislation and smothering the opinions of others by asserting the power if your position; WE hired you, and WE can fire you…WE’LL trump you on that.
Posted by: Mike B. | February 26, 2009, 4:40 pm 4:40 pm
Birth certificate’s been produced. Can’t see as that has any bearing on his tax policy anyway.
Posted by: K | February 26, 2009, 4:40 pm 4:40 pm
More people should have listened to Obama’s response to Joe the Plumber. That response represented one of the few times during the campaign that Obama was honest about the doctrines to which he subscribes. Before he’s out of the Oval Office, Obama not only will have bankrupted the nation but he also will have initiated a class war. The power of the presidency has diminished Obama, not ennobled him.
Posted by: judithod | February 26, 2009, 4:41 pm 4:41 pm
People: remember now it is those who receive benefits against those pay for benefits. Unfortunately for those of us who are productive in the US we are in the ones the pay for benefits and our number is shrinking.
Posted by: Andy-J | February 26, 2009, 4:41 pm 4:41 pm
Jake:
Thanks for the update. As this is “the Writing On The Wall”, you have given me the big signal to get my assets out of the reach of the US, to divest myself of dollars and perhaps move to a country with a long term growing economy with a long term plan grow the economy further.
What we are seeing here in the US is nothing more than a repeat of the Hoover/FDR “New Deal”.
Isn’t it amazing that Democrats never learn that Socialist measures never have worked when used to stimulate the economy.
But then again, we are about to repeat history again in the US. I just hope that there is not another World War to get us out of this depression that is looming.
Posted by: Yuri Padorin | February 26, 2009, 4:41 pm 4:41 pm
This should put our economy in the tank until the liberal philosophy is killed by revolution.
Posted by: mark | February 26, 2009, 4:43 pm 4:43 pm
Hey Right Wingers……Remember George for the past 8 years…..He is why we are in this mess!! 8 years….vs 5 weeks….
Grow up right wingers…..George W Bush has destroyed our country….
Posted by: Dr Jimmy | February 26, 2009, 4:43 pm 4:43 pm
“You know the sad part is that Democrats who love to claim that they love democracy, would not mind seeing Congress and every other branch in government in complete and full control of their party. In other words, having a one party dictatorship.”
One party dicatorship is apprently NOW a problem.
6 Years of GOP control, 2 Supremes< Rove's plan for a permanent GOP majority and a partisan restructuring of the DOJ was fine and dandy.
Posted by: Ryan C | February 26, 2009, 4:45 pm 4:45 pm
Wow – raising taxes back to the Clinton levels. Closing tax loopholes – NOOOOO. Let’s listen to the trickle down theory instead which has supplied 12 years of failure under Bush Sr and Jr. But if we scream socialism maybe we can scare them. LOL
Posted by: Alan | February 26, 2009, 4:45 pm 4:45 pm
When corporations that can’t justify their reason for being quit sucking taxpayer dollars, get back to me on the unbridled capitalism solution.
Posted by: prairiebladerunner | February 26, 2009, 4:46 pm 4:46 pm
I am a Democrat and I said it.
Posted by: Brian | February 26, 2009, 4:46 pm 4:46 pm
“…Until all the rich people live like I do, I will not sympathize with them.” Posted by toughone
One phrase pal:
Have some pride in yourself.
Posted by: Joe Mama | February 26, 2009, 4:46 pm 4:46 pm
tough one
Sorry tough one, Obama is NOT trying to fix this mess.
His own Chief of Staff Rahm Emmanuel said how we “don’t want to let a good crisis go to waste.”
Obama is about remaking the country in the image he has for it and consolidating power so that he and the Democrats will not be removed from office.
When people like you realize these facts, it will be too late.
Posted by: Dave | February 26, 2009, 4:47 pm 4:47 pm
I hear everyone talkign about revolution and yeah we need one all right, the kind where we put all the filthy rich greedheads under the guillotine! The corportions and the richest one percent of America have sucked this country dry! It’s time we got waht was ours and I am grateful that we have a president who is committed to doing just that.
Posted by: JS | February 26, 2009, 4:47 pm 4:47 pm
“Individuals like Ryan C. will regret it. They only spew out left wing propaganda and never take the time to analyze what he was forced to think by Liberals.”
It never fails to amuse me that right wingers think of critical thinking as dogmatic adherence to a singular world view.
Even the “intellectual” one who understand the talking points vs just parroting them have this problem.
Posted by: Ryan C | February 26, 2009, 4:48 pm 4:48 pm
I have to laugh at everybody talking about a 1, 2 or 3 trillion dollar deficit. Not because it’s funny, because it’s not, but because that’s the number politicians want us to focus on.
How many of you are aware that this figure just includes cash coming in and cash going out in the current fiscal year? Don’t worry about last year or next year, just focus on the now. Deepak Chopra would be proud.
That $900MM going to the terrorists in Hamas? Don’t count it if it ain’t spent this year. The commitments to future payouts on social security? We haven’t spent it this year so don’t worry about it. But don’t fret, the gov’t will make sure to count the soc sec taxes it’s taking from us against this year’s deficit.
This type of accounting might work for a lemonade stand, but it isn’t any way to run a country.
So what are we signed up for? The answer for the US is over $60 Trillion. Combine the GDP of every country in the world and it doesn’t come close to this number.
We are bankrupt and we are screwed.
Especially with politicians in charge.
Posted by: Ed in Ga | February 26, 2009, 4:49 pm 4:49 pm
“His own Chief of Staff Rahm Emmanuel said how we “don’t want to let a good crisis go to waste.”"
Context is important.
This opportunity isn’t lost on the new president and his team. “You never want a serious crisis to go to waste,” Rahm Emanuel, Mr. Obama’s new chief of staff, told a Wall Street Journal conference of top corporate chief executives this week.
He elaborated: “Things that we had postponed for too long, that were long-term, are now immediate and must be dealt with. This crisis provides the opportunity for us to do things that you could not do before.”
He ticked off some areas where he thought new doors were opening: energy, health, education, tax policy, regulatory reforms. The current atmosphere, he added, even makes bipartisanship easier: “The good news, I suppose, if you want to see a silver lining, is that the problems are big enough that they lend themselves to ideas from both parties for the solution.”
Posted by: Ryan C | February 26, 2009, 4:50 pm 4:50 pm
Everyone who is against Obama’s proposed budget plan, we need to stop blaming the opposite party, we need to stop screaming at each other and work together.
We need to get a good budget plan through. Write, phone, fax your ideas to the president, your congressman, your senator, your friends and family and then tell your friends and family to do the same. If someone else already has a good idea you like, get the word out, don’t just bash the bad idea. If public outcry is loud enough, they will have to listen to us, and they need to know what to do instead.
Then, If any of our representatives don’t listen to us, we need to remember and get them voted out in the next election. Let’s work together on this .
Posted by: ConcernedCitizen | February 26, 2009, 4:51 pm 4:51 pm
Those “rich” people who make more than $250K provide most of the jobs. Say hello to 10-12% unemployment, sky-high inflation and a prolonged Carter-like recession.
Any economist knows that if you cut capital gains taxes, the economy will take off like a rocket, but that would offend Obama’s socialist big-government handlers who forked over $600M in campaign contributions.
Posted by: Scott | February 26, 2009, 4:51 pm 4:51 pm
Socialism is great?
“The problem with socialism is that eventually you run out of other people’s money.” – Margaret Thatcher
Posted by: Joe Mama | February 26, 2009, 4:51 pm 4:51 pm
The complaints about Bush running up a deficit over 8 years are now moot. Obama has crushed those numbers in a little over a month. Face it people, we are screwed. Those of us around 30 and younger, doubly so.
Posted by: Pete | February 26, 2009, 4:52 pm 4:52 pm
No taxes for anyone under $250K per year? Yea, right. Think about it people, if you believe The Messiah can confiscate $1 trillion from businesses and individuals that have money and have it not become a burden for the rest of the populace, you must be living in an alternate universe.
Every man, woman and child in this country, and probably your pets, will feel the crunch of this new tidal wave of taxes, maybe not directly, but corporations WILL pass it on to you as they have always done.
I’m sure you’ll remember the Immacuate One when he’s gone in 2012, but because of his confiscatory policies you will then be paying $15 for a McDonald’s Happy Meal.
Posted by: Alan | February 26, 2009, 4:52 pm 4:52 pm
Hey Right Wingers……Remember George for the past 8 years…..He is why we are in this mess!! 8 years….vs 5 weeks….
Grow up right wingers…..George W Bush has destroyed our country….
Posted by: Dr Jimmy | Feb 26, 2009 4:43:53 PM
_______________________________________________________________________________
Dr. Jimmy, what are you a Dr. of? spreading lies?
Your comment would make sense if Presidents of the United States were dictators or kings. You may want to check into our system of government where three branches of government exist!
Also, don’t even try it with the lie….Republicans controlled all branches of government for the past 8 years. Another lie by the left.
Both houses of Congress were controlled by the Republican party from 1994 until 2001, when Democrats took over the Senate. From 2001 until the 2004 Congressional elections Democrats controlled the Senate and Republicans controlled the House.
From 2004 to 2006 Republicans once again won complete control of Congress. But in 2006 Democrats won control of both houses of Congress.
Only an ignorant Liberal would put the blame of this economic mess on Bush or the Republican party.
The FACT is that Democrats are as complicit, including Obama.
The FACT is that McCain, Bush and other Republicans attempted to bring control to the housing market only to be stopped at every corner by the Democrats.
Yes, Republicans and Bush allowed spending to get completly out of control….WITH THE HELP OF DEMOCRATS!
Not to mention that for the past 8 years all I have heard is the ignorant Liberals claim that all the spending under Bush was wrong, etc, etc, etc.
Obama in 1 month has spent more money than all of our past 43 Presidents combined!!!!!!!!! where is the Liberal outrage now?!
that’s what I thought Liberal hypocrites!
Posted by: CJ from Illinois | February 26, 2009, 4:53 pm 4:53 pm
Ryan C wrote:
“Iceland, Norway, Canada, Australia, Ireland, The Netherlands, Sweden, Switzerland, France, Finland & Denmark.
Each of these countries has a higher standard of living that us and are considered socialist by right wingers.”
Apparently I got under Ryan’s skin. While I’d like to say “move to one of those countries if you think they are better than us” I’ll avoid that cheap response.
It is kind of funny, however, that the Heritage Foundation/WSJ ranks New Zealand, Australia and Ireland as being more free than the US. Most of the others listed are just behind us in term of freedom. Lends credence to my argument about the importance of freedom, doesn’t it?
Here’s why the ranking of standards of living are dubious at best. For example, access to health care always comes up big in these rankings. And from one perspective Canadians have better access. However, if we judge Canada in terms of certain procedures performed, however, it doesn’t come close. For example, according to Canda’s own figures (CIHI), their population only had 14 organ donors per million compared to our 20 per million. Looks like we perform more organ tranplants and are more generous than Canadians.
That is the problem with your stats. Yes, they have better access to band aids. We have better health care procedures.
Posted by: n22s | February 26, 2009, 4:54 pm 4:54 pm
OMG – Why would we expect anything else from Obama – he has NEVER worked for a business in his 48 years. Not one of his economic advisors are from business or worked for a business.
2012 can’t come soon enough. Nightmare of Carter….dear God help us.
Posted by: Jamie | February 26, 2009, 4:55 pm 4:55 pm
OMG – Why would we expect anything else from Obama – he has NEVER worked for a business in his 48 years. Not one of his economic advisors are from business or worked for a business.
2012 can’t come soon enough. Nightmare of Carter….dear God help us.
Posted by: Jamie | February 26, 2009, 4:55 pm 4:55 pm
America, I know it felt good to get rid of Bush & Co. and elect the first biracial president, but you should have realized what you were getting into. You put the most liberal member of Congress in the White House and paired him with an uber liberal House and Senate. Everything that he is proposing from soaking high earners, escalating in Afghanistan, spreading the wealth, etc., he promised on the campaign trail. Nothing here should be a surprise. He said he would make energy very expensive. Alas, see above! You got what you wanted. I think he’s a one term president and the Congress knows they will not regain the power come 2010. That is why they are rushing all this legislation through.
Posted by: ERS NOTE | February 26, 2009, 4:56 pm 4:56 pm
Where is John Galt when you need him?
Posted by: dr J | February 26, 2009, 4:56 pm 4:56 pm
A new economy is being structured that will probably save America. Residual forces will attempt to delay, sabotage, obfuscate and diffuse this last attempt to salvage America’s force in this world. Your job is to ignore those forces into oblivian, until they naturally decease.
Posted by: prairiebladerunner | February 26, 2009, 4:56 pm 4:56 pm
When you libs wake up one day and look around to find yourselves in your pathetic entitlement state with no answers, wealth, or ability to produce something of value, just know that the producers will be off somewhere safe waiting to watch your academic utopias collapse. You can only squeeze so much wealth out of a producer before they quit producing for you.
Posted by: JD | February 26, 2009, 4:57 pm 4:57 pm
Let them eat cake.
But first raise the taxes on the cake. And the baker. And the supplier of eggs / milk / flour. Raise taxes on candles too just in case it’s a birthday cake.
Posted by: MarieObamanette | February 26, 2009, 4:57 pm 4:57 pm
President Obama is letting the tax breaks on the wealthiest Americans expire. And yes that will raise taxes on people who make over $250,000 dollars. There’s an old Bible verse that states, “To whom much is given, much is required.” I personally think it’s time that the wealthy who rip us off (like Madoff) and get huge tax breaks, making the rest of us make up for their lack of doing their fair share, finally take some of the burden off of us on the lower end of the pay scale. We’re gonna have to get out of this deficit somehow and tax breaks for the wealthy is not the way to get out of it. If they wanna punish the rest of America by cutting jobs to “get even” for their taxes going up so they can keep the huge “bonuses” or “Retention whatever they new words is” that we’ve seen them get, while pilfering our National Treasury, and putting us in a recession/depression, let them show themselves for the greedy, unpatriotic, self centered evil fools that they are.
I have had enough unregulated greed.
We are supposed to be ‘One Nation Under God,” not One Nation Under Greed.
Tell me what does a person worship who puts personal profit above God and country?
Posted by: Dave The Ex-Marine | February 26, 2009, 4:57 pm 4:57 pm
Ok, So what Dems are saying that it’s Bush’s fault that Democrats want to take away all of our Rights? I don’t get it?
Dems want free everything, Gold Teeth, Housing, $200 sneakers, Food, Education, Health care……because they are lazy and refuse to work.
But who is going to pay for all this?
Surely not the lazy Democrats.
You should appreciate Republicans for supporting you all these years and now we are saying NO MORE!
I am not really sure how Bush forced you to become the lazy ingrates you are Democrats, but we working people are sick and tired of paying for you.
If you want Socialism, go to France. Here in the US, we are founded on hard work and EARNING what we have.
Democrats still cannot explain why they refuse to work and earn what they whine about not having.
Hypocrites…….
They cry coz they are poor, but when they could work, they rely on the Government to pay for everything, then whine because the working people aren’t giving them enough for doing absolutely NOTHING.
Schools aren’t safe because Liberals cannot control their kids and teach them to brutalize and kill.
Every Democratically controlled city and state in this nation is either financially or morally bankrupt, yet they blame everyone but themselves.
Now you got your Saviour…..please do not blame Bush when the nation rises up and takes back what we worked for.
Maybe if you contributed something, you would get something in return.
Ask Osama’s Cabinet……Democrats are exempt from paying taxes and all the other Laws of this nation.
For more proof, just Google Bill Clinton.
Posted by: Daniel Smith | February 26, 2009, 4:58 pm 4:58 pm
Dr Jimmy,
I agree with you – Bush is responsible for destroying the county.
However, do you not see that the very things that were worst about Bush are going be be increase many fold by Obama?
Immigration – Obama has promised an amnesty. This the big one. People can discuss policy all they want here, but if we add tens of millions of poor people from the Third World, everything else will be a moot point.
Spending – the entire national debt is slated to go up 65% in just the first two years by Obama’s team’s estimate.
War’s in the Middle East – still expanding by Obama.
Federal bureaucracies – massive expansion by Obama.
Posted by: Dave W | February 26, 2009, 4:58 pm 4:58 pm
I’ so sick of hearing you fat cat republicans saying over and over that the economy is going to be destroyed by Obama’s plan. In business, the way to get out of a bad financial situation is to bring in more money. What’s different about the goevernment? We need money so we have to raise taxes. Just like the business who can only sell their stuff to those who can afford it, we are only raising taxes on those who can afford to pay. No one needs more than $250,000 a year and no company should be allowed a profit of more than 10% a year.
Posted by: JS | February 26, 2009, 4:58 pm 4:58 pm
I’ so sick of hearing you fat cat republicans saying over and over that the economy is going to be destroyed by Obama’s plan. In business, the way to get out of a bad financial situation is to bring in more money. What’s different about the goevernment? We need money so we have to raise taxes. Just like the business who can only sell their stuff to those who can afford it, we are only raising taxes on those who can afford to pay. No one needs more than $250,000 a year and no company should be allowed a profit of more than 10% a year.
Posted by: JS | February 26, 2009, 4:58 pm 4:58 pm
Capitolism:
“I make money and you make money.”
Fascism:
“You make money, I take your money.”
Socialism:
“You make money, I lose money, give me some of your money.”
Communism:
“Your money is my money.”
Imperialism:
“GET BACK TO WORK!!”
Take your pick America, those are your options…. Personally I like the first option :)
Posted by: Michael Bassett | February 26, 2009, 4:58 pm 4:58 pm
In order to understand Obama and most left wing Democrats, you have to study Saul Alinsky, the original Community Organizer. Obama and his wife quoted from him and Obama taught workshops on his methods. Have you ever heard a President call out a radio talk show host before? Probably not. But Alinsky taught that radicals must pick the target, freeze it, personalize it, and polarize it (the enemy). But why would a President purposely talk down the economy? Again, Alinsky taught that radicals must be willing to watch society descend into utter chaos and anarchy. Then society could be remade into a type of socialist or communist state where all opposition is removed. Kind of like Chavez who is very popular among the U.S. extreme left. Don’t know if it will work but we must be willing to defend our freedom or it will be gone.
Posted by: Bear | February 26, 2009, 4:59 pm 4:59 pm
Just read an article from the Wall Street Journal that was interesting. Even if you take those who make $250,000 or more at 100%, it still wouldn’t be enough to cover the deficit. Prepare to pony up folks! Sheesh.
Posted by: Ed | February 26, 2009, 4:59 pm 4:59 pm
Declare bankruptcy now, avoid the rush!
Posted by: Carbunkle Spasmoto | February 26, 2009, 4:59 pm 4:59 pm
“The American people will never knowingly adopt socialism, but under the name of liberalism they will adopt every fragment of the socialist program until one day America will be a socialist nation without ever knowing how it happened.”
– Norman Thomas, American socialist
Posted by: Penny | February 26, 2009, 4:59 pm 4:59 pm
I love when you liberals start the “Blame George Bush Game”. You cant think of anything insightful or intelligent to say so lets blame the other guy and point fingers. Well lets remember that Obama asked for this job. He wanted it. He said, “I will bring change, Yes we can…etc” Perhaps if he had ran on the campaign of “Elect me, so I can blame someone else” you would have thought different.
Posted by: Mark | February 26, 2009, 5:00 pm 5:00 pm
For individuals making $250,000 OR MORE ONLY!!!
About time the oil industry paid for what they have been stealing off of US leased lands. Regulators in the government have been under staffed and under funded for far too long!
Posted by: Joe | February 26, 2009, 5:00 pm 5:00 pm
Doug said:
“I heard Jindal poohed his pants during his speech.”
Yes, that Bobby Jindal, who graduated with honors from Brown, was admitted to Harvard Law and Med Schools and Yale Law School. That Bobby Jindal, who was a Rhodes Scholar, worked in the private sector before seeking office. That Bobby Jindal.
Perhaps if he had been a community organizer he would have really accomplished something.
Tell me Doug, does your comment say more about you or Bobby Jindal?
Posted by: n22s | February 26, 2009, 5:00 pm 5:00 pm
Someone needs to alert the FBI and the Secret Service about this thread. I’d bet it’s actually quite common on here, what with Drudge sending his whackos over here nearly daily, but you cannot actually call for the violent overthrow of the US Govt. just because it’s “librul” and your “conservative”. I doubt the FBI looks too kindly on sedition and treason, especially in the midst of a global war on “terror”. Furthermore, threats to the President’s life, even on Internet message boards are taken very seriously by the Secret Service.
Also, NEWSFLASH your not economists, stop acting like one! I’d bet less than 1% of the posters here could actually delve into anything deeper than the talking points they get from their respective “commentators”. Truth is, most of you have no idea what’s going to work. In fact, most economists don’t even know what’s going to work. But to act like we could just sit back and “ride this one out” is absurd. This is Obama’s proposal. It may work, it may not. And don’t give me this “history is an indicator” bs because it rarely is. Would you think 90% tax rates would spur economic growth today? Because history tells me it would…
Posted by: Jason | February 26, 2009, 5:00 pm 5:00 pm
I could cut the budget in half too!…..After I quadrupled it in the first place.
Obama is a bum.
Posted by: Jeff | February 26, 2009, 5:01 pm 5:01 pm
Liberals are a dangerous joke
Posted by: jimbo | February 26, 2009, 5:01 pm 5:01 pm
The “rich” pay MORE when you cut their taxes. Seems counter-intuitive to those who are not econ-savvy, but please consider the following.
A Tax Foundation report from last July listed revenue trends in what the IRS has collected.
Total revenue received from the richest one percent:
2003: $256 billion
2004: $307
2005: $368
2006: $408
Share of total income taxes collected which were paid by the richest one percent:
2003: 34.27%
2004: 36.89%
2005: 39.38%
2006: 39.89%
http://www.taxfoundation.org/research/show/250.html
Posted by: Mike L | February 26, 2009, 5:01 pm 5:01 pm
Republicans and Democrats are idiots.
Posted by: CrowBAR | February 26, 2009, 5:02 pm 5:02 pm
ERS NOTE,
Obama will not be a one term president.
He and his team are in the process of “electing a new people.”
Amnesty is on the way plus lots of federal handouts and a grassroots organization (paid for by you and other taxpayers) to ensure these guys will never lose power.
Posted by: David W | February 26, 2009, 5:02 pm 5:02 pm
jason is clearly a shmuck liberal
Posted by: jimbo | February 26, 2009, 5:02 pm 5:02 pm
$118 billion raised as a result of a capital gains tax hike? Nonsense. First, to realize a capital gain, the owner of the asset must sell it first. That will never happen with a capital gains tax hike. Second, capital gains can be offsetted by capital losses and there are hundreds of billions of capital losses waiting around waiting to be realized. This is just another example of the economically ignorant Obama Administration.
Posted by: Jerry Edelen | February 26, 2009, 5:02 pm 5:02 pm
Wall Street gave Obama an F. Guess what the entire planet gave Wall Street for a grade.
Posted by: prairiebladerunner | February 26, 2009, 5:03 pm 5:03 pm
Please pay your taxes, its the responsibility of a proper citizen and the cost for being able to live in a civilized society so you can have your 2.5 kids and big plasma tv and 2 cars and house. Otherwise you are being selfish expecting something for nothing. We must all contribute.
Posted by: Joe | February 26, 2009, 5:04 pm 5:04 pm
President Obama is taking America down a wrong, a disastrous path. Everyone will suffer. These taxes he proposes will stifle our capacity to come out of recession, and even absent a recession, they will slow economic growth. He is a brilliant man who has embraced stupid ideas. He doesn’t know his history, he doesn’t know his economics, and his failures will be our failures. On the plus side, many idealistic youths will get educated as they watch the train wreck, and will vote with their heads next time.
Posted by: brooks kane | February 26, 2009, 5:04 pm 5:04 pm
Hi everyone, I believe you are all fool by government spending and all these job loses. The simplest way to fix this economic crisis is NOT HAVE BANKS AND MONEY in the first place. We could all live freely without some nasty corporation trying to enslave us for their own personal gain.
Posted by: Username | February 26, 2009, 5:04 pm 5:04 pm
Jason,
You are an imbecile. I hope you enjoy the coming totalitarian police state and hyper inflation. Secession is the patriotic thing to do, not blind adherence to a tyrannical government…
Posted by: The Cowboy | February 26, 2009, 5:06 pm 5:06 pm
n22,
Do you think Jindal did well in the response?
My actual prediction for Jindal is that he does not run in 2012 unless Obama is unpopular.
I see him running for the Chairman of the RNC in 2012 though.
He will wait till 2016 as he is stil quite young and will have two terms as guv under his belt.
Posted by: Ryan C | February 26, 2009, 5:06 pm 5:06 pm
“Would you think 90% tax rates would spur economic growth today? Because history tells me it would…”
Show me where in history that would spur the economy and I have a bridge in Brooklyn to sell to you.
Posted by: Ed | February 26, 2009, 5:06 pm 5:06 pm
Michael Bassett you S&@t for brains
Posted by: Yuanni Stein | February 26, 2009, 5:06 pm 5:06 pm
Imagine if you spent 1 million Dollars a Day starting from day one of 0 AD at the end of this year you would have only spent 733 Billion (That’s 2009 years). The “Stimulus Package” congress just passed is 787 Billion. You could keep spending a Billion a day through 2099 and still not reach 787 Billion. Left/Right Republican/Democrat we are all screwed together. There’s the Political class and everyone else, wake up fools. Obama and W.have way more in common with each other than they will ever have in common with any of us. Race and Party don’t matter, you are either in or you are out. Guns, Taxes, Babies, Environment, Jesus, Buddha, Allah these are just things for YOU to fight about. It’s working.
Posted by: Ron D | February 26, 2009, 5:06 pm 5:06 pm
Yo Liberals, How about this idea. You losers can have the East and West Coast States and foricate a more perfect union and the rest of us become the USA and move on….
Posted by: Bert Convey | February 26, 2009, 5:08 pm 5:08 pm
“Secession is the patriotic thing to do, not blind adherence to a tyrannical government.”
So Bush actually spying on Americans did not prompt you but Obama raising taxes on the rich did.
That illustrates the right wing quite well.
Lastly.
Texas v. White (74 U.S. 700)
“The Constitution, in all its provisions, looks to an indestructible
Union, composed of indestructible States. … Considered, therefore, as
transactions under the Constitution, the Ordinance of Secession, adopted
by the convention and ratified by a majority of the citizens of Texas, and
all the Acts of her Legislature intended to give effect to that ordinance,
were absolutely null. They were utterly without operation in law. … Our
conclusion, therefore, is, that Texas continued to be a State, and a State
of the Union, notwithstanding the transactions to which we have referred
Posted by: Ryan C | February 26, 2009, 5:09 pm 5:09 pm
JP, I do have a job but because I din’t have a rich daddy tomake me CEO of one of his companies when I got out of school, I struggle to make ends meet. Sorry but I am entitled to have every bit as much money as some lazy rich kid and if you have to take some of it from him so be it.
Posted by: JS | February 26, 2009, 5:10 pm 5:10 pm
It’s not just TAXES people. Obama is using our money to move his radical agenda. Yes, there is money for ACORN (they just give it a different name). Yes, there is money for his so called Corporation for National and Community Service. I am talking BILLIONS. These are his foot soilders that have created the radicals we are getting into the Senate and Congress.
Use your common sense (I hope it can still be found in todays society). Obama is what he is. He has done nothing for Chicago (one of the highest murder cities in the US). His friends ARE Rev Wright, Bill Ayers, Rezko, Farrakan. He does believe in the Black Liberation Theology.
For the Love of our Great Country – STAND UP to those who defend Obama. STAND UP to those that do not want to hear the facts. STAND UP to the media that has lied to you.
DO NOT LET OBAMA DESTROY AMERICA
Obama and the crooks are just laughing at all the Americans that voted for him.
STUPID IS AS STUPID DOES………..
Posted by: ScottyK | February 26, 2009, 5:10 pm 5:10 pm
Here is my comment…Obama and the dems can go screw. I live in the Rockies and I want our states to separate from the US..I want off this train as it is heading off a cliff. I’m sick of the corruption and lies!!!!!!!
Posted by: Andrew Jackson | February 26, 2009, 5:11 pm 5:11 pm
“Yo Liberals, How about this idea. You losers can have the East and West Coast States”
Works for us.
You guys can subsist on a GDP equal to the 3rd World with the remaining states.
Posted by: Ryan C | February 26, 2009, 5:11 pm 5:11 pm
Hey Ryan C,
Want to go twosies out of threesies on the Civil War thingy? Careful what you ask for.
Posted by: prairiebladerunner | February 26, 2009, 5:11 pm 5:11 pm
What you dumb Ass liberals don’t understand is that Obama can raise taxes all he wants. Those of us with brains will still find the loop hole to pay less taxes then you losers making the minimum wage. I will still make $250K+ year and pay less taxes then you flipping burgers at Micky Dee’s. I will always be 10 steps in front of you because you do not have the ability to think…. Good Luck Minimum Wage SUCKERS………….
Posted by: Jake Routin | February 26, 2009, 5:12 pm 5:12 pm
JS posted:
“I’ so sick of hearing you fat cat republicans saying over and over that the economy is going to be destroyed by Obama’s plan. In business, the way to get out of a bad financial situation is to bring in more money. What’s different about the goevernment? We need money so we have to raise taxes. Just like the business who can only sell their stuff to those who can afford it, we are only raising taxes on those who can afford to pay. No one needs more than $250,000 a year and no company should be allowed a profit of more than 10% a year.”
So eloquent it was posted twice.
How about these rules:
If you can’t spell government you lose your franchise. (And if you can’t spell government, surely you don’t know what I meant by franchise).
My friends, this is your typical Obama voter.
Personally, I think Al Gore made too much money in his life through a simplistic PowerPoint, tobacco and oil (ever hear of Occidental and the Gore family holdings?). Lets see how much we can get from that guy.
Posted by: n22s | February 26, 2009, 5:12 pm 5:12 pm
I am an economist, and yes I agree that people in the thread need to tone it down a little….as in no threats people, lets just stick with our God given opinions :)
And yes as an economist I can say some of you are a little misguided in your interpretations of the market model. But I will say this, while the stimulus (and every other spending bill the chalk up) does provide short-term gains, which we will see mid year, it literally destroys long term market stability because the “what if”s associated with the future generations of Americans who will ultimately have to pay for this. How will they do it? If we couldn’t payoff our debt before, which was smaller then obviously, then how are they supposed to do it in the future? Chaos is consuming the world, and so many of us are frozen with the fear of what could happen if it all “went to hell in a hand basket.” People, honestly at this rate we are looking at a global collapse of markets within the next 5-6 years. Hope you can farm and hunt :)
Posted by: Mike B. | February 26, 2009, 5:12 pm 5:12 pm
Hey Jason, newsflash chief I may not be an “economist” but I do know that you don’t stimulate the economy by increasing taxes and government spending. This is just another way for the liberals to increase the size of goverment thus increasing their power.
Also with these tax increases they are not trying to increase government revenue they are trying to influence behavior(and punish oil companies thus increasing the cost of gas that is passed to the consumer). Any decent tax accountant can tell you that our current tax systems primary goal is not a revenue generator for the government that is its secondary goal. There are a lot of better tax systems that could be implemented that would generate more revenue and be less of a tax burden on everyone.
Posted by: Brent | February 26, 2009, 5:12 pm 5:12 pm
There are a lot of “rich” people who got off their a** and built a business or worked hard while Obama was doing cocaine at his elite university! I make more then $250,000, I don’t have a college degree, and while you sloth Liberals were laying around I was sleeping on a mattress on the floor and working to build my business. Guess what, I am not giving to charity anymore. I am not supporting the community. I am not hiring any more workers. I am smarter than you crazy liberals so if you think you are getting any of my money in taxes think again. I will not allow Obama to steal my money and reward lazy irresponsible behavior! You see we “rich” people built and support this country and Obama has another thing coming if he thinks he can take it away! We have ways of avoiding these things and you stupid liberals haven’t figured out how to be capitalists yet! GOOD LUCK!
Posted by: kma | February 26, 2009, 5:12 pm 5:12 pm
I disliked Bush just as much as Obama. Bush trampled on the Constitution more than any president since Lincoln. I am not a Republican. Do you think judges are all-powerful gods? Why do I care what some court decision says about secession?
Posted by: The Cowboy | February 26, 2009, 5:13 pm 5:13 pm
Th revolution is coming. Be prepared for civil unrest the likes of which we have never seen before. The blood is on Obama’s hands, but this is what he wants. He can then institute martial law and do what he wishes with the folks.
Posted by: Madmom | February 26, 2009, 5:13 pm 5:13 pm
Message to Michael Bassett::
Yes, you are right about bringing in more money to succeed. BUT; those of us who are going to get the tax increase are the ones who take the risks and ultimately create the opportunities for those of you who are not getting the tax increase. If us rich folks just have to give up more and more………..aw heck, I’m already rich anyway so I’ll just close my company that employs over 50,000 people and just move me and my money to the Caymans. Not a thing that you, Obama, Pelosi or even Kennedy can do about it. The result is that I win, you lose and Obama loses. And to top that, maybe 100 of my closest rich friends will join me.
So, lets try something different: Cut my taxes and I will spend more to expand my business and create more jobs and ultimately create more tax revenue for Obama. I win, you win, Obama wins.
Michael, you choose…….
By the way, the second scenario works, every time…….
Posted by: Carbunkle Spasmoto | February 26, 2009, 5:14 pm 5:14 pm
There are “TEA PARTY PROTESTS” scheduled all over the U.S. beginning tomorrow!
Even Ken & John from KFI are talking about it!
Posted by: premiersoccerfan | February 26, 2009, 5:16 pm 5:16 pm
Wake up America, the economy is already destroyed. China owns most of you.
Posted by: Fred | February 26, 2009, 5:17 pm 5:17 pm
Michael Bassett is the problem……Who are you to decide what I need or want to earn?
That’s what the Liberals want. You want to decide for ME what I want or need. If you don’t want to succeed, that’s your CHOICE.
It is not your Right, though, to tell me what I am allowed to earn or want or need.
If you had any ambition, you would want more, and you do…..you just don’t want to earn it!
Democrats are the LAZIEST brand of people, trained by the DNC to expect everything for nothing.
America doesn’t work that way, or it didn’t til now.
If you won the PowerBall, 100 million, would you give 99% of that away? Hell no! Not even a Democrat is that stupid!
Oh wait, maybe they would…….
Posted by: Daniel Smith | February 26, 2009, 5:17 pm 5:17 pm
JS said:
JP, I do have a job but because I din’t have a rich daddy tomake me CEO of one of his companies when I got out of school, I struggle to make ends meet. Sorry but I am entitled to have every bit as much money as some lazy rich kid and if you have to take some of it from him so be it.”
Neither of us come from wealth JS. However, where were you when it came time to study? Why is it I have no problem spelling words such as didn’t and government while you struggle with them? I cracked the books in my public school while they focused on spelling. Where were you?
Neither of us come from wealth JS. However, only one of us expects to profit from ignorance by having voted for Obama.
Posted by: n22s | February 26, 2009, 5:18 pm 5:18 pm
Obama stated categorically that taxpayers earning less than $250,000 will not pay one dime in increased taxes. False.
Every taxpayer who has to file a return will pay more tax after the Bush tax cuts expire on dividend income and capital gains.
How do you know when is Obama is lying? Whenever he moves his lips he lies.
Posted by: Paddy | February 26, 2009, 5:18 pm 5:18 pm
I’m so excited. The US is now FINALLY on par with Europe. First the economy can go in the toilet, then socialized medicine, then we can all walk around with our noses stuck up and bitch about how everyone else is so uncouth and disgusting.
Posted by: Obamarocks | February 26, 2009, 5:20 pm 5:20 pm
“Do you think judges are all-powerful gods?”
No but its nice to know you are dealing with reality.
Under our system of government the SC is in charge of interpreting the Constitution.
They have upheld that secession is illegal.
“Why do I care what some court decision says about secession?”
Because you claim to uphold the Constitution and the Republic form of government or is that just lip service
Read the Constitution, read the US SC interpretations in regards to secession.
Posted by: Ryan C | February 26, 2009, 5:20 pm 5:20 pm
I think I saw mention of “Secession”. I think every American should consider this. The Social Contract between the people and the government has been broken. This is the kind of government which does not work in the interests of the people. It is clearly working in the interests of the Politicians. This is the kind of corruption that founding fathers revolted over. The taxpaying citizens of the United States no long have a voice in taxation. “No Taxation without representation.” Our voice in the matter clearly have not heard or heeded.
Posted by: NoSoPC | February 26, 2009, 5:21 pm 5:21 pm
JP, Paris Hilton isn’t relying on the government to provide her a living.
Posted by: Obamarocks | February 26, 2009, 5:22 pm 5:22 pm
Question to all stupid liberals:
When a store has a sale, do they end up selling more or less product? The answer, obviously, is more. Tax cuts work…you morons. And since only the rich actually pay taxes, all of you poor liberals can just shut the hell up!
Posted by: Matt | February 26, 2009, 5:22 pm 5:22 pm
“They have upheld that secession is illegal.”
That should be unconstitutional, not illegal.
Posted by: Ryan C | February 26, 2009, 5:23 pm 5:23 pm
As one who has never earned more anywhere near $250K a year I still oppose this “tax the rich” foolishness. Upper income people already pay the bulk of taxes. Lower earners pay little or no income taxes. If most don’t pay taxes there will never be an incentive to keep taxes low as most don’t pay anyway. why should you oppose higer taxes when you don’t pay any? One commenter said no one needs more than $250K a year. I guess we should just confiscate anything above that? If this were so who would create jobs? We would become a nation of poor with government bureaucrats having all the goodies. Yes, humans are greedy & capitalism channels that greed in a useful way so that big & small business bloom & hire workers thus allowing many to bettere themselves. Grow up people. We are not born into the world with guarantees of anything.
Posted by: Gary | February 26, 2009, 5:23 pm 5:23 pm
What an absolute idiot…talk about taking away the incentive to invest in companies and in turn create private sector jobs…GOD help us.
Posted by: Steve | February 26, 2009, 5:24 pm 5:24 pm
What most people are too simple to understand is that all of those business taxes AND the wonderful cap and trade costs will be passed directly to the people. While “technically” not a tax increase on the “people” it will all come from our pockets. We will all see incredible inflation from all of this. It will also create even more incentive for businesses to move overeass permanently. That takes even more jobs. Great work in D.C. once again.
Posted by: Brian | February 26, 2009, 5:25 pm 5:25 pm
“When a store has a sale, do they end up selling more or less product? The answer, obviously, is more.”
You may sell more but you would have to just to equal the profit generated from the non sale price.
And the right wingers here are claiming to be business owners?
Posted by: Ryan C | February 26, 2009, 5:25 pm 5:25 pm
JP: What “entitles” you to someone else’s money? If someone makes money they can give it to whomever they want — a church, a hospital, or their kids. What gives you the “right” to any of it? Am I “entitled” to some portion of your possessions? Just because some idiot left-wing layabout, who can’t make money on his own so he or she goes to Congress where he or she can legally steal other people’s money, tells you that you are “entitled” to someone else’s money or possessions doesn’t make it so. Lenin was wrong, Stalin was wrong, Mao was wrong, Castro was wrong — and you are wrong. You are not entitled to take something that belongs to someone else. Didn’t your mommy ever teach you that?
Posted by: Tom Payne | February 26, 2009, 5:25 pm 5:25 pm
Mike B wrote:
“And yes as an economist I can say some of you are a little misguided in your interpretations of the market model. But I will say this, while the stimulus (and every other spending bill the chalk up) does provide short-term gains, which we will see mid year, it literally destroys long term market stability because the “what if”s associated with the future generations of Americans who will ultimately have to pay for this. How will they do it? If we couldn’t payoff our debt before, which was smaller then obviously, then how are they supposed to do it in the future? ”
First off Mike, who received your vote, McCain or Obama? I’m guessing you drank the Kool-Ad as did half the country and virtually all academicians. Do you take any responsibility for your vote?
Though you accurately foresee the long term effects of the stimulus package, since when is government more efficient than the private sector when allocating funds to the areas of the economy most in need?
Posted by: n22s | February 26, 2009, 5:25 pm 5:25 pm
A lot of Obama supporters told me that I was nuts when I said to them that Obama will raise taxes like you’ve never seen. They all said I was wrong. I wonder how they would respond to this.
Posted by: Brian G. | February 26, 2009, 5:26 pm 5:26 pm
I say no representation without taxation.
You can only vote if you pay taxes.. Treat it like a company, you have to own shares before you can vote! I guess that leaves out the majority of the Obama administration…
Posted by: Cody | February 26, 2009, 5:26 pm 5:26 pm
You CANNOT patch a burst credit bubble with more borrowing!! Keynesian “stimulus” is a sham! It’s what made the great depression great, and it’s happening all over again!!!!!
Posted by: spiffy | February 26, 2009, 5:28 pm 5:28 pm
When are the dems going to learn you dont shoot the golden goose.
The thing is the more they take from the corporations the less they have available for raises/benefits etc., The corporations always make their money, now more of it WILL be on the backs of the employees.
Posted by: Ariesi | February 26, 2009, 5:28 pm 5:28 pm
Message to Carbunkle Spasmoto:
Whole hardily I agree with you; the way to productive capitolism is ALWAYS incentive. It is the misguided belief by so many that people are altruistic; while there are some of us, there are many many more who are not. We need to give incentives to the “Big Wigs” in our economy to continue investing in it. Its like you said, why would I invest here, where you will take up to 45% of my profit, when I can do business elsewhere and only lose around 20-25% of my profit. Incentives and the pursuit of profit is what makes capitolism. Sounds greedy huh? Well it isn’t, its just good business. Greed is when you take your share, and then screw the other guys out of theirs. Remeber the difference people (not you Carbunkle Spasmoto, I think you are well versed in this and already know :) )
Posted by: Mike B | February 26, 2009, 5:28 pm 5:28 pm
“I say no representation without taxation.
You can only vote if you pay taxes.”
Right wingers are calling for the return of Jim Crow laws like the poll tax?
Posted by: Ryan C | February 26, 2009, 5:28 pm 5:28 pm
poor Paddy has to sit by the pool while the dividends checks come in. It’s going to be a struggle, isn’t it?
Posted by: Steve D | February 26, 2009, 5:28 pm 5:28 pm
Dear Brian G:
I’ve only had an economics degree for half a century, but when Bernanke annouces even his macro-economic model threw him for a loop, I feel confident in the chaos theory of life.
Posted by: prairiebladerunner | February 26, 2009, 5:30 pm 5:30 pm
“As proven by Arthur C. Brooks”
ROFLMAO.
Always funny to see right wingers trout out AEI and their cooked research.
Posted by: Ryan C | February 26, 2009, 5:31 pm 5:31 pm
“Welcome to Socialism folks. Tiny Smart cars, tiny houses, crappy (but free) health care and the European way. Learn to speak French.”
And what was the GOP alternative?
Big junkie cars, big junkie houses, no healthcare and we all learn to speak Chinese.
Do we call that ‘greedism’?
Posted by: Skip | February 26, 2009, 5:31 pm 5:31 pm
Are the majority of people here as dumb as you seem? You guys are joking, correct?
1.9%, yea that’s right… 1.9% earn more than 250K (you can look it up if you please). Earning 250K is the STARTING point of the tax tier to increase (on the 1.9% of Americans) and almost half of the increases for individuals were tax cuts set to expire anyway. These were implemented by Dubya as a stop gap effort to save his ass in the first place and never should have been put in place to begin with.
The inherited debt (not to mention the worst economic conditions since the 30′s) necessitates the rest of the increase of taxes. Those of you who blame the current administration really need to clean up your own house first (or try to rewrite history as so many partisan wackos are trying to do currently)
Posted by: rangerbob21 | February 26, 2009, 5:31 pm 5:31 pm
Ryan C please read the declaration of independece as it was written. It says “All men are CREATED equal” what happens after creation is up to the individual aka free will.
Posted by: Brent | February 26, 2009, 5:32 pm 5:32 pm
So now we read headlines that Obama wants to raise pollution caps and give to the poor.
You know, the people who didn’t get an education or stay in school, who don’t pay taxes and already get all forms of governmental assistance through our tax dollars.
More redistributing the wealth.
Posted by: Peach | February 26, 2009, 5:32 pm 5:32 pm
“Yo Liberals, How about this idea. You losers can have the East and West Coast States”
Works for us.
You guys can subsist on a GDP equal to the 3rd World with the remaining states.”
Fine by us. Food will get you through times of no money better than money will get you through times of no food. I hope you enjoy eating smog grease and dirt, Libby.
Posted by: Mikey | February 26, 2009, 5:32 pm 5:32 pm
For all those cincernedd about the righht wingers, have no fear, they don’t represent the majority of this coutnry as demunstrated by the election. Most of us are good hardworking people who want our share of the wealth, want the rich and the companies to pay their fair share, want us out of illegal wars, and want us to stop torture and denying rights to the so-called enemies down in Guantanimo bay.
Posted by: JS | February 26, 2009, 5:32 pm 5:32 pm
So now we read headlines that Obama wants to raise money by putting in some form of caps on pollution and give the $$ to the poor.
You know, the people who didn’t get an education or stay in school, who don’t pay taxes and already get all forms of governmental assistance through our tax dollars.
More redistributing the wealth.
Posted by: Peach | February 26, 2009, 5:33 pm 5:33 pm
I don’t make 250,000 a year, but I can see the fundamental unfairness of this budget. Taking away a persons portion of intemized deductions is an outrage beyond belief and raising the capital gains tax is going to be a major job killer. People with lower incomes think they are not going to have to pay taxes are not thinking or incapable of clear thought. His tax increases on energy will skyrocket our bills and gas prices. I don’t like Republicans either but this intolerable and is fundamentally unfair. Change the congress, Obama needs a check on power
Posted by: Norman Miller | February 26, 2009, 5:34 pm 5:34 pm
Too many of you people forget that the only way out of the damn deficit is through paying off debt. Oh wait, thats right bailing every out of their debt instills ignorance and behavior of never having to pay your own way. Well, all of us that aren’t drowning in our own debt because we manage our money and lives well are paying for all of you fing idiots that just don’t get it. How else do you figure we can eliminate the deficit?
Posted by: nate | February 26, 2009, 5:34 pm 5:34 pm
Once inflation kicks in as a result of deficit spending the number of people making over $250K will explode. When it it takes a basket full of money for a loaf of bread everyone will be rich.
Posted by: tillyerkt85 | February 26, 2009, 5:34 pm 5:34 pm
While Bush does deserve some blame for this fiasco, his tax cuts were a major spark to the overall successes of the last 8 years. The credit crunch that is currently consuming us all was initiated by two things: (1)loosening of the credit markets, particularly the mortgage markets in the late 90′s, and (2)Clintons complete lack of effort to do anything consistent on economic fronts. Bush’s failures were (1) not getting rid of Alan Greenspan on 1/21/2001, not slowing the poor-credit mortgage industry, and (3)putting the first bailout in place six months ago.
Posted by: Carbunkle Spasmoto | February 26, 2009, 5:37 pm 5:37 pm
I read these comments and lose hope. Too many screwball leftwingers who believe 911 was a government plot and think profits are evil. Too many rightwing nuts who believe a fat druggy is the voice of reason. I voted for John McCain and I think his experiance would have served us better than Obama’s very limited experiance. The fact is the rich have gotten richer in the last decades. They pay a high percentage of the taxes because they earn a high percentage of the income. Any “revolution” as history shows is usually the result of huge difference in incomes and the unequal power that results from such an inequity. I am not impressed with Obama but he is the elected choice of America and unlike Rush I wish him success.
Posted by: Igor | February 26, 2009, 5:37 pm 5:37 pm
“Sorry but I am entitled to have every bit as much money as some lazy rich kid and if you have to take some of it from him so be it.”
Why are you entitled to anything else that belongs to someone else? Typical liberal BS.
Posted by: Frank Drebin | February 26, 2009, 5:37 pm 5:37 pm
By the way rangerbob This is no where near the depression of the 1930′s it isnt even as bad as the Early 80′s recession look the numbers up the unemployment rate right now is about 7.6 percent where in 1980′s it rose to 9 percent. Now lets compare this to the great depression in 1933 where the unemployment rose to about 25% thats 3 times higher than our current one
Posted by: Brent | February 26, 2009, 5:37 pm 5:37 pm
Does anybody realize that when talking about this plan that it only raises taxes on people making more than $250k/yr and businesses? I mean a lot of it is just repealing the tax cuts that Bush gave out. These don’t affect 95% of Americans…
Posted by: Jack | February 26, 2009, 5:38 pm 5:38 pm
Its amazing how everyone thinks this current system we live in will continue to operate and we can live frivolously buying anything our hearts desire. This system will soon collapse so be prepared for much worse things than higher taxes, such as death.
Posted by: FedUp | February 26, 2009, 5:38 pm 5:38 pm
mesiah – The $1M a day since 0 AD is roughly $1M x 365 x 2000 = $730B. No one I know of mentioned $1M per person
Posted by: bob | February 26, 2009, 5:38 pm 5:38 pm
Poor JS wrote: “That means if I have one dollar and you have two, we split the difference and each end up with a dollar fifty.” The Declaration of Independence proclaims that all men are created equal. But that means we all have the same opportunity to earn as much (or little) as we want. If you want more money, get another, or better job. Freedom from oppressive taxes is precisely what gave birth to our nation.
Jefferson, who was more socialist than most of the founders, had this to say: “I am for a government rigorously frugal and simple, applying all the possible savings of the public revenue to the discharge of the national debt; and not for a multiplication of officers and salaries merely to make partisans,…”
Posted by: Lightduty | February 26, 2009, 5:40 pm 5:40 pm
Brent…
This one isnt over yet or close to bottom…
Posted by: rangerbob21 | February 26, 2009, 5:41 pm 5:41 pm
While the rest of you are welcome to invest in whale oil lamps, the vast majority of this planet will do you a favor and go on with life. You can keep your McMansions for now, not because you earned it, but because you might burn down some decent folks’ homes nearby.
Posted by: prairiebladerunner | February 26, 2009, 5:41 pm 5:41 pm
“Obama wants to guarantee equal results regardless of hard work or risk taking.”
No, he’s just trying to level the starting line.
Posted by: Ryan C | February 26, 2009, 5:41 pm 5:41 pm
Most of O’Bummer’s cabinet and dems in Congress are tax cheats, so they’ll keep on screwing everyone until they get caught again. Our kid’s and their kids are doomed to live in the sewer of socialism. God help them – they’ll need it.
Posted by: RON N | February 26, 2009, 5:43 pm 5:43 pm
“Right wingers are calling for the return of Jim Crow laws like the poll tax?”
No.. Its just that people who don’t pay taxes have no vested interest. They have no skin in the game!!!
Hello!! Its just like the people with “No money down” on their homes!
Posted by: Cody | February 26, 2009, 5:43 pm 5:43 pm
Don’t like it?
VOTE APRIL 15th!
It’s the only real vote you’ve got & I guarantee no voter fraud THIS TIME.
Posted by: SLAVE_VOTE | February 26, 2009, 5:43 pm 5:43 pm
Well America, to those who voted for this socialist, you’re getting what you voted for. Too bad the rest of us will suffer too.
Posted by: bc1358 | February 26, 2009, 5:47 pm 5:47 pm
In a just world the children who received baby trust funds from the arms deals and oil wars would be identified and at least their accounts liquidated.
Posted by: prairiebladerunner | February 26, 2009, 5:47 pm 5:47 pm
Does anybody realize that when talking about this plan that it only raises taxes on people making more than $250k/yr and businesses? I mean a lot of it is just repealing the tax cuts that Bush gave out. These don’t affect 95% of Americans…
Posted by: Jack | Feb 26, 2009 5:38:02 PM
==========================
It is scary how poorly people are educated by our public school system. I think basic economics should be MANDATOrY for a high school diploma.
Jack you do realize that all of this will affect you…YES YOU! in a very negative way. It is going to cost you and cost you big. Discounting inflation (the dollar you have in your hand today can only buy 60 cents worth of goods next year) those that make more than 250k a year are business owners. Take money from them and you get fewer jobs, more unemployed. Businesses DO NOT PAY TAXES. They collect taxes from YOU. raise taxes on business and they pass it along to the consumer (cost of doing business).
Posted by: cmdprompt | February 26, 2009, 5:48 pm 5:48 pm
“No.. Its just that people who don’t pay taxes have no vested interest. They have no skin in the game!!! ”
The decisions of government affect many more citizens than just those who pay income tax.
Any citizen should be allowed to participate in government regardless of socio economic status.
Posted by: Ryan C | February 26, 2009, 5:48 pm 5:48 pm
Why does a guy and his wife get to vote for a war when he stays at home and sells tanks?
Posted by: prairiebladerunner | February 26, 2009, 5:50 pm 5:50 pm
Anyone see Glenn Beck’s house value chart today?
My son is considering buying a business. If LIFO is changed maybe that, with all he other crap going on, will put the business out of business. I don’t know, I’m just saying it looks like FDR’s “happy?” days are here again.
FDR didn’t refuse to try an idea he did or didn’t like.
Posted by: U NO HOO | February 26, 2009, 5:50 pm 5:50 pm
You’re right any citizen should be allowed to particpate and if you don’t pay taxes or own land, then you shouldn’t be a citizen. Just as was originally intended. Pretty simple, huh? Case closed.
Posted by: The Cowboy | February 26, 2009, 5:51 pm 5:51 pm
“The decisions of government affect many more citizens than just those who pay income tax.”
Then by that definition — we have military bases in Germany, and if we shut them down it will effect German citizens. So there for, we should let Germans vote.. Hmmmmm Great logic there…
Posted by: Cody | February 26, 2009, 5:52 pm 5:52 pm
lets tax everyone the same rate. If all men are created equal why not tax them the same rich and poor alike.
Posted by: sam | February 26, 2009, 5:52 pm 5:52 pm
The ultimate form of ‘class warfare’ is trying to deny someone from a lower class the right to vote.
Posted by: Skip | February 26, 2009, 5:52 pm 5:52 pm
It would be so much more useful to not be so divided into liberal and conservative.
Unite with the same problem, government has over reached it’s purpose. The government must fear it’s people not the people always fearing the government. There are more people than government workers, at least as of today.
We need solutions, more localized economies, less globalization. Before trading US jobs for overseas wages, ask yourself if the outsourced job is being replaced with an equal or better paying job. If it is not, help other Americans to create conditions to encourage people to stay working.
The replacement government needs to focus on oversight, do not allow banks to gamble deposit money in the stock market.
Let us bring more people to work harder than pointing fingers and work towards pulling our collective resources together.
That is what a country like this should be doing.
Posted by: Dan P | February 26, 2009, 5:53 pm 5:53 pm
This used to be called The Republic of United States of America. Obama the messiah will soon need to pays billions of dollars for the name change to The Socialist States of America. Maybe we should just go back to being a republic like what the founding fathers wrote into our constitution. I tell you what I thought people were stupid for giving ACORN our tax dollars so they could elect a socialist liberal pig like Obama the messiah and now I know I was right. If America survive Obama no more left wing experiments, PLEASE!
Posted by: Annie get your gun | February 26, 2009, 5:54 pm 5:54 pm
It’s time to give the liberals city-states to spend their tax money on.
They can pay taxes and enjoy the benefits of lawsuits, regulations, and surveillance cameras. They can be divided into two groups: paper shufflers and couch potatoes.
The “flyover states” and rural areas can produce the food they eat, the clothes they wear, paper they shuffle, and the coal to heat their homes in exchange for tax exemption.
Posted by: Heatherfeather | February 26, 2009, 5:54 pm 5:54 pm
Problem is – Obama’s voter base is that class he distinguished from the achievers. Sorry but those are the people that worship him – ever see one of those town hall meetings!
There are more of them – wanting the government to fill all their needs from cradle to grave – than those that educate themselves, work long hard hours, pay taxes and try to do the right thing. Obama is a disaster for this country – he and Biden, Pelosi, Reid, Barney Frank, Chris Dodd, Charlie Rangle, the Chicago political thugs, the tax cheats in the cabinet, the Clintons, – etc. etc. what a bunch of creeps. God Help Us!!
Posted by: RAltiere | February 26, 2009, 5:56 pm 5:56 pm
Jack wrote:
“Does anybody realize that when talking about this plan that it only raises taxes on people making more than $250k/yr and businesses? I mean a lot of it is just repealing the tax cuts that Bush gave out. These don’t affect 95% of Americans…”
I don’t make $250k a year and my business doesn’t gross anything close to that amount.
The problem is what happens when you take more money away from the producers and the means of production and give it to an inefficient government.
Jack, if these “rich” people kept that money what do you suppose they’d do with it?
Adam Smith said that the invisible, informed, MORAL hand will make the best decision (I’m paraphrasing, of course).
For the economy’s benefit, investments in the private sector are preferable to those made by the government. Why? Because the investments made by the former attempt to create wealth. Those made by the latter are too often made to serve a social agenda that in today’s world is simply a means to power by the ruling class.
The problems we face in the economy are not a lack of regulation. Instead they were caused by a lack of morality and ignorance, willful or not.
Do you really think a moral and informed populace buys into subprime mortgages and then wants to be relieved or their responsibility without any consequence?
Do you really think a fully informed populace invests with Madoff? Do you think the lack of morality played a role in the Madoff scheme?
And now want to place your hard earned money, or that of others, into the hands of Congress? Do you think they are moral and keep you fully informed?
Perhaps if some institutions were allowed to fail those who did not make moral decisions and kept us ignorant would be forced to pay for their mistakes.
Posted by: n22s | February 26, 2009, 5:57 pm 5:57 pm
And unemployment will spike with this plan. People don’t get it. You tax the people that create the jobs and they STOP creating jobs – it’s that simple. But alas, I am sure the nutty fans of the Marxist and Communist in Chief (and that is what is plans represent by the way) think this is just wonderful.
Posted by: John | February 26, 2009, 5:58 pm 5:58 pm
By the way, did anyone catch Alcee Hastings on CNN saying we weren’t closing down Gitmo any time soon. If we just let in Amnesty International and others in, they’ll see it isn’t so bad.
So lets see – still in Iraq past 16 months. Larger presence in Afghanistan. Gitmo still open.
Just keeping score.
Posted by: n22s | February 26, 2009, 5:59 pm 5:59 pm
wow just wow reading these comments.
just look at all the ‘innovation’ and job creation we got from deregulation.
this is $100billion / year and it is not netted out with tax decreases.
$210 billion – international enforcement, reform deferral, other tax reform. time to make the cheaters pay.
you people just parrot Socialism not really knowing what it is. don’t worry the .001 % of the population will still own 98% of the wealth. You will be comfortable knowing that even with who you call Socialists running the country that these people will still have all their money.
Posted by: Akin | February 26, 2009, 6:03 pm 6:03 pm
Dan P -Yes, that is how a country like this should work but, when it has been hijacked and the leaders no longer work for the people it calls for radical measures! Don’t forget this is a relatively young country. Many other countries around the world have been forced to defend against this exact situation. Many of those same countries have never recovered. Hopefully the majority of Americans still cling to our founding fathers values and have not been corrupted by the great and powerful messiah and his followers!
The time is now!
Posted by: HKL | February 26, 2009, 6:03 pm 6:03 pm
Obama must be out of his mind!
Let’s throw him out of office now– while we still can!
Posted by: Michelle | February 26, 2009, 6:03 pm 6:03 pm
“So lets see – still in Iraq past 16 months.”
Has it been 16 months?
“Larger presence in Afghanistan.”
He campaigned on a larger presence in Afghanistan.
“Gitmo still open.”
Its been a whole month.
Are all right wingers such petulant children or just the dittoheads coming here from Drudge?
Posted by: Ryan C | February 26, 2009, 6:05 pm 6:05 pm
It is time for another Boston Tea Party everyone and let the people take this country back. That is the best way we will get back on track. Sorry to say!
Posted by: rick | February 26, 2009, 6:05 pm 6:05 pm
prairiebladerunner wrote:
“Class warfare is paying a decent soul minimum wage to make $20 or $30 an hour. The next time you encounter somebody who accuses you of class warfare, bitch-slap them and make him thank you for the minimal response.”
PBR, you are assuming, of course, that an hour of their time is worth 20 to 30 dollars an hour. If you can’t contribute 20 to 30 an hour you shouldn’t be paid that amount. In our economic system.
Now if you want another economic system that wants to pay people more than what they are worth just say so. By the way, the Soviet Union collapsed under that economic model.
No, what I said isn’t fair. But you can’t have capitalism and an untenable business model for long. Just admit it, you espouse socialism or communism.
Be careful the people don’t rise up and bitch slap you like the Russians did to the Soviets.
Posted by: n22s | February 26, 2009, 6:06 pm 6:06 pm
This is just beyond frightening. This dimwitted fool Obama can barely add 2 plus 2. Yet we are constantly told “how smart he is”. Resigning would be the smartest thing.
Posted by: Erick | February 26, 2009, 6:06 pm 6:06 pm
Fact
Obama new tax plan increased 2 tax brackets
170,000 – 350,000 from 33 to 36%
350,000 + — from 35 to 39.6
By meeting certain tax credits and incvs do you get some extra breaks. So basically 40 % of your money goes to the govt to decide what to do
For those like Donnie Deutsch who want to pay more taxes lets add a new tax bracket for everyone making 2 mil or more and tax them at 45 %
Posted by: tax truth | February 26, 2009, 6:07 pm 6:07 pm
“Just because you reference one point, does not mean you take the entirety of it.”
Do you think Lincoln was a tyrant?
Do you think only white male property owners should be citizens?
That is what the neoconfederate you defend advocates.
Posted by: Ryan C | February 26, 2009, 6:07 pm 6:07 pm
You should get votes based on the amount of taxes you pay. Those who don’t pay taxes should not have the “right” to vote. We should have picked our own cotton and we would not be in the mess we are today.
Posted by: paytovote | February 26, 2009, 6:07 pm 6:07 pm
I know how to get 1 trillion into the U.S. Treasury in 72 hours without a tax increase. just ask everybody that thinks Obama sucks to send in $5,000. each to the U.S. Treausury. That is only 200,000,000 Americans. The only thing Obama would have to do is resign and take Hillary, Pelozi, Biden, and the cabinet buddies with him, back to the land of Lincoln.
Posted by: Obama makes me sick | February 26, 2009, 6:09 pm 6:09 pm
Quit crying, Republicans! Bush was only borrowing from the future, anyway, and we are going to have to pay it back sooner or later and it’s not getting cheaper. If we’ve got bills to pay then we need to raise taxes. Spending has already been cut too far. Your tired, old lines about how it’ll ruin the economy are bogus–as proven over the last 7 years.
Posted by: Alan | February 26, 2009, 6:09 pm 6:09 pm
“It only affects 5% blah blah blah”
That’s a bit morally defunct isn’t it?
if it doesn’t affect me you can steal from my neighbor?
those 5% already pay 50% of all taxes in this country…..chances are most of the budding socialists here pay well less than your fair share (if anything at all).
a HEAD TAX is the ONLY fair tax….men, women, and children. Then maybe people will put their hands back in their pockets and truly understand “government fiscal responsibility”
I see a lot of ad hominem attacks here….try and rise above the “red neck” vs “latte sipping blue nosers” stuff guys.
And as for legal precident, income tax wasn’t even legal until the turn of the century based on a constitutional ammendment meant to fund ONLY WARS. Then FDR the arch Leninist came through and got it in non-war time…..at 1% tax on what today would be over 60K of income and 6% on what would today be in the millions of income.
What have we gotten for the extra money spent besides a lazier society with no sense of responsibility or purpose besides consumerism?
Posted by: MikeD | February 26, 2009, 6:09 pm 6:09 pm
Ryan C wrote:
“So lets see – still in Iraq past 16 months.”
Has it been 16 months?
“Larger presence in Afghanistan.”
He campaigned on a larger presence in Afghanistan.
“Gitmo still open.”
Its been a whole month.
Are all right wingers such petulant children or just the dittoheads coming here from Drudge?
I am simply going by Obama’s words and those of his sycophants. If he ends Iraq in less than 16 months (I thought Harry Reid said we lost?) and closes Gitmo then I’ll admit I was wrong about those things.
Posted by: n22s | February 26, 2009, 6:10 pm 6:10 pm
This is absolute proof that socialism is coming. If anyone thinks that is good for our country you will be sorely mistaken. Obama and his crew are not smart enough to make it happen by manipulating your emotions, the mechanisms underlying our economic society are based on logic not emotion. We will ALL end up in the bread lines together. There is no greater cause than the economy, put your special interests aside until things improve.
Posted by: Geek | February 26, 2009, 6:13 pm 6:13 pm
People that make over $250,000 have clever accountants and end up paying less taxes then people making $50,000. Drudgetrolls like hysteria. Bush used scare tactic’s his whole term. Now the trolls claim that Obama is using scare tactics…..geeezus
Posted by: trolls get back to work | February 26, 2009, 6:14 pm 6:14 pm
How is letting a tax cut expire a “new” tax? That is completely misleading.
And, if you ask John McCain, the tax cut should have never occurred in the first place, as we were beginning to fight a war at that time. You can’t simultaneously cut tax revenue, while increasing spending… its like getting a credit card and having no way to pay the bill…
Posted by: Joe | February 26, 2009, 6:16 pm 6:16 pm
You know he is deliberate in his timing. He knows these increases will cause hyper-inflation, particularly for gas and home heating. He also knows we will lose millions more jobs.
He is waiting until 2011 because midterm elections will just be over and we will have another 2 years to “get over it” before he is up for reelection.
That is the same reason he is moving so fast now, regardless of what damage he causes the economy. He wants to get it done quickly and early because he knows that like childbirth, people will forget the pain and return these irresponsible dems to office.
Posted by: SO SICK of BO BS | February 26, 2009, 6:16 pm 6:16 pm
One trillion in taxes is a lot, but how much revenue will that generate. How will it compare to the GDP we will generate from all the new opportunities that this tax policy is presenting.
Posted by: ming | February 26, 2009, 6:18 pm 6:18 pm
Deareast N22s,
So how has the unbribled capitalism model come along so far? Please advise as to the moment of excess we may eliminate.
Posted by: prairiebladerunner | February 26, 2009, 6:18 pm 6:18 pm
We’ve got what was coming to us. I for one can’t wait for a meltdown. It’s times like this you truly get to see what each of us is made of. I see a lot of cowards here. :(
Posted by: MediumCool | February 26, 2009, 6:19 pm 6:19 pm
When i read ‘discourse’ on current events, such as those preceding what you read now, I always end up coming to the same conclusion: the human race will wipe itself out.
Life is not a sport, people. You can’t choose a side, and continue blindly on some ill-defined course. Consider yourself a dynamic feedback driven system. You are responsible for making your world better. You can not do that by arguing on the internet and calling each other names, spewing ‘liberal’ and ‘conservative’ talking points…
Stop spending so much energy defining your enemies and your grievances. When next you dwell on some ridiculous division point, exercise your mind and your will by thinking of a way to make your world better.
Do something nice to someone. Smile at someone. Wave at someone. Give someone good advice. Set a good example for others. Be kind. Be vigilant. Plant a tree. Donate time or money to something worthwhile. Put some food out for some animals.
Argue, but be constructive. Completely ignore those who are babbling divisive nonsense – it is easy to in the intertubes. We are a nation of strong and fundamentally good people. I can’t believe otherwise. Let us act like it.
Thanks ;)
Posted by: iliketoprogram | February 26, 2009, 6:20 pm 6:20 pm
People that make over $250,000 have clever accountants and end up paying less taxes then people making $50,000. Drudgetrolls like hysteria. Bush used scare tactic’s his whole term. Now the trolls claim that Obama is using scare tactics…..geeezus
Posted by: trolls get back to work | Feb 26, 2009 6:14:03 PM
This is BS class warfare propoganda. IRS statistics back that up.
We hear this over and over but no one will tell us what those tricks are!
So please tell us what tricks we are not using. I would love to know so I too could use those supposed tricks. So far no one we know is aware of these tricks.
Unless you can be specific, keep your self serving, and share it with your underachiever democrat support group.
Posted by: SO SICK of BO BS | February 26, 2009, 6:22 pm 6:22 pm
no Bush Tax Cuts = 23 million jobs
Bush Tax Cuts = 3 million jobs (and falling).
I’ll take the no Bush Tax Cuts.
Posted by: Akin | February 26, 2009, 6:22 pm 6:22 pm
These elites will answer to us.
Posted by: KansasGirl | February 26, 2009, 6:23 pm 6:23 pm
Oh no. Last night it was libertarians, tonight it’s neo-confederates? I guess the fringes should have their say…
Posted by: Skip | February 26, 2009, 6:23 pm 6:23 pm
If Texas could declare independence, they would get millions of productive people voting with their feet to move there. I know I would.
I think corporations and companies would relocate as well.
Perhaps add in a few more states, Louisiana up through Nevada.
I think we owe it to posterity to stand up against this tyranny, in a non-violent way, and preserve freedom and liberty for all.
Posted by: David M. | February 26, 2009, 6:24 pm 6:24 pm
I have long espoused the mantra “never underestimate the ignorance of the general public”. Reading these posts reinforces that thought.
While the over $250k tax increases won’t directly effect me, the fact of the matter is that the wealthy make the world go round.
They create jobs, their companies create jobs, they spend more discretionary monies that fuel the economy, especially those of you who own small businesses like catering companies, restaurants, car/boat dealerships or repair shops, etc. And when we raise taxes on their businesses, they will pass those costs along to those who consume their services or products. Now who is the tax increase of those over $250k effecting? You, joe six pack.
For those who say they should pay their fair share, I question what your definition of ‘fair share’ is?
While I cannot stand Oprah, I did see an interview with her where she was asked why she doesn’t donate much money, build schools, give away shoes in the US. Her answer “because this is the land of opportunity. Everyone has the opportunity, like I did, to make something of themselves”. Instead, we would prefer to penalize the wealthy to support those who decide to not take advantage of that opportunity. What now is the motivation to work hard to take advantage of that opportunity? Socialism will lower the bar for everyone.
Give Obama credit for telling the truth. He said he was going to redistribute wealth since day one.
Posted by: Soonervino | February 26, 2009, 6:24 pm 6:24 pm
Obama actually tried nominating two people to high level positions that actually are tax evaders. Now he is taxing people who make 250,000 year, which is far from wealthy. Robbing Peter to pay Paul. What is so new about this? There are too many Americans that do not even pay taxes and why is he not focusing on this?
How many times must I say this…Boston Tea Party…
This is a joke. I nominate Donal Trump to President. Now there is a guy much more qualified than Obama and would put this country in a better financial position.
Boston Tea Party!!!!!!!
Posted by: rick | February 26, 2009, 6:25 pm 6:25 pm
Does the elimination of the itemized deduction include the mortgage interest and property tax deduction for your primary residence? If so, property values will REALLY drop!!
MS
Posted by: mark | February 26, 2009, 6:26 pm 6:26 pm
It is always humorous to me when people who are traded as pawns by the Democrat and Republican Party and spew DNC or RNC talking points they heard on FoxNews or CNN refer to people who can see through the big lie as “fringe.”
Posted by: The Cowboy | February 26, 2009, 6:27 pm 6:27 pm
That’s what UBS is for!!!
Posted by: Dave | February 26, 2009, 6:27 pm 6:27 pm
Jake left out the de facto carbon tax which is created by Pres. Obama’s insane cap-and-trade plan, and that tax will hit every one of us in the wallet. We’ve never had unbridled capitalism, so we have no idea how it would work, but since government meddling (via directing financial institutions to lend to the high-risk), perhaps we ought to try it.
Posted by: NightFire | February 26, 2009, 6:29 pm 6:29 pm
If you consider yourself a man and you support all this Socialism and you support this country becoming a Socialist Nation you had better look in the mirror again because you ain’t no real man. Real men don’t look to the government to be their father and to take care of them like a child or look to have that government take from someone else to give to them. That right all you Socialist,Democratic fairys I’m calling you out because a real man wouldn’t look to a government to do this.
Posted by: kmpk | February 26, 2009, 6:29 pm 6:29 pm
Add Kansas to this movement!
The greatest prosperity in the world and highest standard of living is about to be destroyed.
We, the hard-working, money-saving, responsible and risk-taking few are about to be rolled.
Too many patriots have fought and died for this dream of liberty and freedom to be lost so easily.
I agree that this can be done peacefully, it means we need leadership on a state basis. And now.
Posted by: KansasGuy | February 26, 2009, 6:29 pm 6:29 pm
Remember folks, $250K will be chump change in a few years when the massive inflation kicks in. We’ll all be “wealthy”, woohoo!
Posted by: Randy | February 26, 2009, 6:30 pm 6:30 pm
I love how Obama bashes businesses and financial institutions who throw parties and business events that were planned long before the economic crisis hit, yet he doesn’t look into his own mirror.
Our country is in an economic meltdown. He is asking a select few Americans to bail us out. Yet what do we see from Barack? A fancy party to honor Stevie Wonder? A bash for the governors last week that featured a performance by Earth Wind and Fire. A fancy luncheon for journalists the day he gave his big speech.. Trip after trip on Air Force One to get more photo ops. Perhaps before bashing corporations for their shindigs, Mr. Obama maybe should start trimming back some of his own.
Posted by: Daisy21 | February 26, 2009, 6:30 pm 6:30 pm
If you remove the itemized deductions from the tax rolls..people like me will lose their homes..does that sound fair.
I worked for 35 years and retired two years ago to what I thought was my retirement home. If the itemized deductions for interest paid is removed..I will lose my home..Is this fair?
The young idealogs that voted for this crap are in for the rudest of all awakenings..It’s a very, very sad time for America people.
Posted by: SCOOTER | February 26, 2009, 6:31 pm 6:31 pm
These democrats that gave the oil comopanies so much grief over the price of gasoline are now massivley increasing their cost of doing business which will result in higger gasoline prices. Brilliant.
Posted by: lstrep | February 26, 2009, 6:31 pm 6:31 pm
Those who defend the tax increases by referring only to the nominal “tax rates” ignore the effective tax rates. If you make >$175k now, your effective tax rate is much more than 35% because over the past 15 years, Congress has eliminated many deductions, exemptions and credits for that bracket (so your “taxable” income has increased even if your paycheck remained the same). The effective tax rate has risen steadily and now Obama plans to deny those making $250k ANY deductions. That is, no mortgage interest, no charitable deductions, no theft losses, etc. This group already is denied any kind of personal exemption, stimulus checks, and any child credits or exemptions (ie, your children are worth more than mine to the US govt). In reality, the percentage of actual income that goes to taxes has increased dramatically for the “wealthy” since Reagan/Bush I. The percentage for those making less than $100k has dropped dramatically. Hence, tax cuts naturally “favor” those who pay the taxes. Whatever. Under Obama’s plan, significantly more than 50% of wage earners in this country will pay no federal tax (and many will be given a check by the govt.) In other words, only a small percentage of Americans have any “skin in the game” when Congress decides to dole out the pork. You’re spending other people’s money, so what do you care? Just don’t complain when charitable contributions drop precipitously b/c that WILL happen.
Posted by: Peter | February 26, 2009, 6:31 pm 6:31 pm
So Texas is BIG. I get it.
Posted by: Skip | February 26, 2009, 6:33 pm 6:33 pm
This is all pointless. Go find something better to do than yell about your own opinion.
Posted by: steveo | February 26, 2009, 6:33 pm 6:33 pm
prairiebladerunner wrote:
“Deareast N22s,
So how has the unbribled capitalism model come along so far? Please advise as to the moment of excess we may eliminate.”
First time I’ve been referred to as “deareast”. PBR, you’re the socialist genius, please define that word for me. And while you’re at it, define “unbribled”.
Lets get this straight, because capitalism is not perfect, socialism is better. That seems to be the sum total of your argument.
PBR, you may not be able to grasp this but no economic system is perfect. However, in the past 50 years our economic system has fed more people, been responsible for more advances in medicine, freed more people than any other…I could go on and on.
Please, tell me how the world would have been better had there been no US the past 50 years. Cuba would have discovered…well nothing. Canada would have innovated…not much of anything. Iceland would have…again, I know of nothing.
Dear genius, please tell me of how many things have come from socialism in the past 50 years. Enlighten us instead of calling me “deareast”.
Posted by: n22s | February 26, 2009, 6:35 pm 6:35 pm
Obama is doing a good job of killing the golden goose of capitalism. No doubt all the parasites are still cheering, but when the producers finally have had enough and run off into the woods (or when they all move to Texas and Alaska and secede from the Union), the parasitical cheering will turn to cries of “But we didn’t mean that!”
Those who never heard of John Galt or John Craft will eventually understand…
Posted by: Colony14Author | February 26, 2009, 6:36 pm 6:36 pm
So if the 5%ers are so smart at hiding money why do they pay 50% of all taxes?
do they get 50% of the votes in this nation?
Here are som simple questions that people fail to understand:
1. Can the government “create” wealth?
2. If I give you $50 was the national economy increased by $50?
3. Is it just to take someone elses property because you believe you have a better idea of how to utilize it?
4. What is the only way to TRULY (using non-creative accounting) grow the United States economy?
5. Do you believe the government of the united states should have the right to tell me how to spend my money by force?
6. Do you think the government can be TRUSTED to ethically disperse these massive funds.
7. Where do you think our current 65 trillion in government commitments will come from when the take for 2008 will be far less than ’07s 900 billion and change?
if you answer this honestly you’ll find about 65%+ of americans believe stealing is ok and have justifications for why they think as such. Unfortunately This is a majority and in a representative democracy means they get to choose how OTHER people’s property rights are obliterated for THEIR personal gain (or so they are usually duped into believing by corrupt politicians)
Posted by: mikeD | February 26, 2009, 6:37 pm 6:37 pm
What is wrong with Texans–Those camps you talk about are for liberals after the military deposes Mullah Obama and the congressional elitists, which they will after the civil unrest gets too bad.
Liberals will break easily, so the camps should only be open for a few months, before being converted to illegal immigrant deportation centers.
Posted by: Big Bear, Bearsden, ID | February 26, 2009, 6:39 pm 6:39 pm
Peaceful secession is the answer. It will happen. Maybe not in my life time, but it is inevitable. This ruinous, despotic empire can not continue in its current, declining form. If you believe in liberty, support secession movements. Start with cultural secession. Rid your life of cheap plastic junk from Wal-Mart, unhealthy fast food, immoral movies from Hollywood, etc. Grow a garden. Think locally, act locally.
Posted by: The Cowboy | February 26, 2009, 6:40 pm 6:40 pm
To those who point to this current economic fiasco as capitalism failing….perhaps you aren’t aware of the government’s hand in this catastrophe?
The fake demand for loans from people who have no chance of ever paying them back and are too ignorant not to worship big houses and chrome wheels over economic stability?
The government interceded in a reasonably small recession and created a much larger one.
How bout Clinton era game of tweaking the derviatives/commodity trading rules allowing companies to artificially drive up energy pricing?
Socialism telling people that “everyone deserves a home” got us into this….socialism in the form of major institutions KNOWING the government would bail them out led to this….why manage risk if you have a safety net?
Posted by: mikeD | February 26, 2009, 6:42 pm 6:42 pm
Here is something to think about.
The state of Texas has some unique options other states will never have. One is the option to have 10 U.S. Senate seats instead of two like the other 49 states. We have two Republican Conservative Senators and we can have 10 total in short order. I will let the others who are familiar with this explain it to you. My point is 8 more conservative republican Senators could rock the Socialist party’s boat.
Posted by: The 5 states of Texas | February 26, 2009, 6:42 pm 6:42 pm
you aked for it, you got it…obama!
I’m goin’ underground!
Posted by: McShemp | February 26, 2009, 6:43 pm 6:43 pm
I’m working my ass off, running a small business, all of my hard work grosses me $350,000. Of that I get the privledge of sending $138,600 (39.6%) to my government? Before that I was giving $122,500 (35%).
I’m losing $ on my 401K, my investments, the value of my home, etc. etc. But they’re getting a 4.6% increase?
Something is not right with this picture.
Posted by: What the... | February 26, 2009, 6:43 pm 6:43 pm
You will soon be forced into a corner of an old folks home muttering “Bush is a genius”. May Texas deserve it’s destiny.
Posted by: prairiebladerunner | Feb 26, 2009 6:28:03 PM
You seem to be the one that has Bush on the brain. I addressed Obama policies/travesties specifically. Yelling Bush every time someone points out the flaws in Obama’s policies is not debate, it is denial.
Like the phrase “hope and change” you dems don’t care what that means, or what the details are, or what damage this moron wiill wreak, you are simply glad your idiot team won.
I suspect if the entire tv and print media, bar very few, had not actively campaigned for and advocated for Obama he could not even have won the election.
If the media had actually been unbiased he would surely have lost by a wide margin.
They knew what we were buying. They knew his corrupt kickback, chicago thug history, but failed to focus on any of it. They were much to busy trying to prove sarah palin was not the mother of her baby.
Spare me democrat and media idiocy. You bought and paid for this problem. Unfortunately we will all pay for this for generations to come.
Obama has quadrupled the 8 year deficit in 4 weeks. I am sure you dems think of that as success. There is no explaining your acquiescence to this other than the abject ignorance of the uninformed.
Posted by: SO SICK of BO BS | February 26, 2009, 6:45 pm 6:45 pm
Dearest n22s,
You live in a toxic bubble of delusion, perhaps at the assistance of Rupert Murdoch and his final swan song of Fox News. For the last 3 centuries there has been a partnership between government and individual to get things done. Your unbridled capitalism model is a token farce, and you will be graciously relegated to the backwaters of cause-and-effect. Count your blessings.
Posted by: prairiebladerunner | February 26, 2009, 6:45 pm 6:45 pm
Alan: Wake up, please! Do you read a headline anywhere? BO & Congress are ADDING to the debt with programs and pork projects that we CANNOT AFFORD right now. We’re in trouble, we’re putting our kids in debt, we’re laying our souls at the feet of foreign governments to pay the bill, and we’re doing it so folks like Pelosi can save a mouse in San Francisco. Yes, unfortunately, that is in the bill! Are we putting our futures and our children’s future at risk for that? Will that save our economy? Of course not. But, Pelosi hopes it SAVES her job! They are hoping that it will help them maintain their power in government. They are incredibly selfish human beings. We are adding things to our debt in the name of “stimulus” that will not help our economy. My God Alan…wake up…get off of Obama’s “train collision” now, please. We’re going to need everyone to help us get out of this mess.
Posted by: TheAudacityofObamaVoters | February 26, 2009, 6:45 pm 6:45 pm
I have a business with 23 employees. To make up for my loss I will donate 25% less to charity and lay off 4 people.
Change you can believe in.
Posted by: DrPearl | February 26, 2009, 6:46 pm 6:46 pm
Texas and her Texans = Socialism’s downfall
Posted by: All you need to know is in TEXAS | February 26, 2009, 6:48 pm 6:48 pm
We are now a socialist country. Now comes the gun ban, in order to suppress the people further.
This is what our founding fathers feared. I hope Texas secedes from the union, I’d move to the free state of Texas.
The Civil War was not all about slavery. It was just as much about the north forcing its ways on the south on issues other than slavery.
Posted by: Anti-socialist | February 26, 2009, 6:48 pm 6:48 pm
Bless you DrPearl. I have stopped all my Donations. When I get called to donate I just tell them that I cannot because Obama will take care of their needs. Everything and Everybody is taken care of in a Socialist Nation.
Posted by: kmpk | February 26, 2009, 6:49 pm 6:49 pm
I agree that Texas is the logical place to start this, Gov. Perry would be the ideal leader for this.
However, this movement is widespread. Here in Las Vegas, there are many many tax exiles from across the US that would support this change.
Perhaps a nationwide recall on Obama would be a last chance to head off the secession? I’m sure that even in those states like California that have many liberal, there are many who are sincerely troubled by these moves toward tyranny.
The media and the media elites are hopelessly out of touch with the majority of this country. I think this is the first time I’ve heard complaints from dozens of people in my work and neighborhood. It’s literally stopping people in their tracks and the revulsion is intense. The media is in cahoots with the despots and cannot be trusted at all.
Posted by: Casey | February 26, 2009, 6:49 pm 6:49 pm
From each according to his abilities, to each according to his needs- That’s the Obama Way.
Posted by: Stephanie | February 26, 2009, 6:50 pm 6:50 pm
I’m sorry you voted for Obama.
Posted by: We miss W | February 26, 2009, 6:50 pm 6:50 pm
Countries with the Highest Quality of Life
1 Norway
2 Sweden
3 Canada
4 Belgium
5 Australia
6 United States
7 Iceland
8 Netherlands
9 Japan
10 Finland
11 Switzerland
12 France
13 UK
14 Denmark
15 Austria
Source: BBC
Amazing!! America the so called richest country in the world not even rank in the top 2 in offering it CITIZENS the best quality of LIFE.
And you can chalk that up to
Poor healthcare..where the insurance companies benifits and NOT the citizen.
Those country that outrank America do have UNIVERSAL healthcare and it seems to work just fine for its citizens.
And for the detractors.. if Universal Healthcare didn’t work for these Countries dont you think its CITIZENS would RIOT and act up for it to change.
America is NOW cathing up to 21 century type policies ,Too bad we had to waste 8 yers in doing so
Education : Well where do i begin, OUTDATED crumbling buildings and lack
of quality teachers.. because it doesn’t PAY well And also lack of learning supplies for the classroom.
Also NOT much of Social programs and SAFETY NETS that put citizens in a position to live a quality life they deserve.
POVERTY BREEDS CRIME.
Those Countries that outrank America have a LOW crime rate.. because they provide the safety nets for its citizens, And that prevent many desperate people from going out and doing desperate things to survive.
e.g A mother going out and shoplifting diapers and food for her kids.
Afterall the past 8 years was everyman for himself under president Bush, unless if you were a billionare company that needed a handout or rich.
——————————————
God, I hate this arguement. Calculate the populations of all these countries and they still don’t equal that of the United States. It’s easier to supply these types social welfare when the GDP per capita is extremely high, the service industry is the entirety of your production, you have a low rate of immigration and a relatively small population. Stop thinking everything is so damn simple. You’re right we don’t do enough in the above areas but come on! You honestly think that we have the ability to implement all these things and we don’t do it because the rich are greedy and there are too many Republicans in Congress. Grow up and be real.
Posted by: Matt | February 26, 2009, 6:52 pm 6:52 pm
“The Civil War was not all about slavery.”
Which is why slavery featured prominently in every secession declaration.
Neoconfederate bs.
Posted by: Ryan C | February 26, 2009, 6:52 pm 6:52 pm
“Thankfully the conservatives knew better than to vote on something they couldn’t read first”
Like the Patriot Act?
Posted by: Ryan C | February 26, 2009, 6:54 pm 6:54 pm
They have a saying in Texas. In English it goes something like this,
“It is better to die fighting on your feet than live on your knees.”
Posted by: Emilio Zapata | February 26, 2009, 6:54 pm 6:54 pm
One question:
Will Geithner, Daschle and many other politicians pay more tax too?
I’m afraid I know the answer..
Typical democrat “Do as I say, not as I do” action.
Posted by: Anti-Socialist | February 26, 2009, 6:55 pm 6:55 pm
Why do I think crooks are running the our White House? Because they can.
Posted by: Sandra Gonzalez | February 26, 2009, 6:55 pm 6:55 pm
Though his policies will hurt the nation, I am heartened by what I hear on the street.
Does anyone really believe the average Obama supporter will vote in 2010? First of all, most of them only came out to vote for Obama. How many of them will turn off Jerry Springer and put down the Doritos long enough to vote for your average democrat?
The war and Republicans’ moral lapses gave them victory in 2006. Those will not be issues in 2010. Obama will not be on the ballot.
Resolve now to work for your Republican candidates. Don’t mention Obama. Pelosi, Reid, Rangel and others are all you need.
Republicans will need to play Schumer’s remarks about American’s not caring about porky amendments over and over and over again.
No ignoramus will put the remote control down long enough to make sure Schumer et al retains their power.
Posted by: n22s | February 26, 2009, 6:56 pm 6:56 pm
It sucks to own a business and have to pay a good amount of it to the government. This is understandable. But someone has to take the fall. Sadly it is anyone that makes a good living. We are in an economic crisis. People are losing jobs all around us. If you don’t know anyone that has lost a job due to budget cuts and all of these different things than you are lucky or lying. No one wants to lose money to the government. I don’t make much, probably less than anyone that is writing ont his. But there is no way to spend money we don’t have. We did that for far too long. A national debt is not responsible and if my hard earned dollars go to pay that off then I will be in the history books of the future. Hopefully our children can still have schools then. Think about someone other than yourself. Yes it sucks that you don’t make more money in your business.
If you are still making $100,000 or more than you are doing pretty well. So shut up. It doesn’t sound like you’ll be losing your houses any time soon. Unlike my friends that are teachers that are going to be moving from school to school and never getting tenure because the economy sucks so bad. If you still make more than 100K shut up.
Love America.
Peace.
Posted by: g-off | February 26, 2009, 6:56 pm 6:56 pm
You bought the Lincoln Myth hook, line, and sinker. Too bad history is not taught in our schools and colleges anymore…
Posted by: The Cowboy | February 26, 2009, 6:57 pm 6:57 pm
If you make more than $200 K a year, I should feel sorry for you that your taxes will increase when I make $25,000 a year? I am a stay at home mom that home day cares so I can be home for my disabled daughter and poor you???? You have to pay in an extra few hundred dollars a year? More than one day care parent pays me in a week- 2 weeks for most and I should pity you??? I have a 4 yr college degree but jobs are tight here and I have a child to take care of and I should worry about how much more YOU have to pay in??? Give me a break! People have lost jobs and you whine about a few dollars. You are so entitled. Who died and made you God?
Posted by: Carla | February 26, 2009, 6:58 pm 6:58 pm
Ryan C wrote:
“Obama won the highest income and education demographics.”
He forgot to mention that he won those with the lowest income and education demographics.
By my accounting that means he won the poor and ignorant and those who exploit them for their own ends.
Posted by: n22s | February 26, 2009, 6:59 pm 6:59 pm
Have any of you traveled to the state of Texas lately. If so did you notice that many Texans are not very supportive of our President Obama.
******************************************************
Obama was at a clear advantage in the Texas counties which had a significant urban area like Houston, in addition to South Texas with the latino populations. That obviously wasn’t the case in the rural areas. I would say the stronger support in the urban areas was characteristic of many states.
Posted by: kat the real one | February 26, 2009, 7:01 pm 7:01 pm
“He forgot to mention that he won those with the lowest income and education demographics.”
Obama won most of the demographics for income or education.
Posted by: Ryan C | February 26, 2009, 7:01 pm 7:01 pm
Re: “Countries with the Highest Quality of Life
1 Norway
2 Sweden
3 Canada
4 Belgium
5 Australia
6 United States…”
This is BBC nonsense; BBC is like our PBS, all liberal. I’ve been to Canada many times. Someone I know needed immediate heart seurgery and was given a date 6 months out. They buy private health insurance out of pocket, because their “universal health care” is not enough to pay for prescriptions. They pay 15% sales tax on everything. And, their standard of living is nothing near the US.
Posted by: anti-socialist | February 26, 2009, 7:02 pm 7:02 pm
So carla since the 250Ker with average deductions paid about 30K in taxes last year why is he required to foot YOUR bill?
I’m assuming you’re on SSI or SSDI no doubt. Probably got a nice lump sum settlement after your first rejection?
Welll….sorry thats unfair to guess but it is very common.
you are not borne deserving what YOU have not achieved. we all make choices. and there is some luck involved. but what you are saying ma’am is that you are welcome to come in my house and help yourself to anything I own because you have a possibly sad story. That’s wrong. Now if you ASKED me for help I would if in the economic position to do so….thats called charity….not racketeering.
Posted by: mikeD | February 26, 2009, 7:03 pm 7:03 pm
“Obama was at a clear advantage in the Texas counties which had a significant urban area like Houston, in addition to South Texas with the latino populations. That obviously wasn’t the case in the rural areas. I would say the stronger support in the urban areas was characteristic of many states.”
PPI: 46% of Texans disapprove of Barack Obama’s job performance so far, with 45% approving.
The views toward him are extremely polarized along party lines, with 90% of Democrats but only 8% of Republicans expressing support. Independents are nearly split down the middle, with 42% giving him their approval and 46% dissenting.
Posted by: Ryan C | February 26, 2009, 7:04 pm 7:04 pm
g-off–You’re so right! How can those evil business owners make $250K a year when some lazy couch potato only gets $10K in welfare. That is SO unfair! I mean, just because the business owner took risks and poured sweat and love into his dream doesn’t give him any more rights to the fruits of his labor than the welfare queen with 8 kids, because we’re all equal, right?
So, business owners. Time to tighten your belts to conform to g-off’s plan! I suggest you start but reducing the output of your business, since according to g(oof)-off, you can survive just fine on $100K. To cut $150K, start by laying off workers. The Obama voters need to be the first to go, since they voted for this, and should get what they deserve. Obama voters tend to be young, minorities, or the crowd that hangs out around the water cooler discussing their favorite celebrity.
That way, you can survive on $100K a year, which is a lot more fair than $250K.
Posted by: Heatherfeather | February 26, 2009, 7:07 pm 7:07 pm
I don’t understand why more Americans aren’t questioning the stimulus bill. President Obama, in his speech to Congress this past Tuesday, states the $787 billion stiumulus package is going to create 3.5 million jobs. Okay, so do the math: 787 billion divided by 3.5 million jobs equals $224,857 to create a single job. Huh??? How about if Obama gives me the $224,857, I’ll quit my job so someone else can have it (since I make waaaaaay less than $224,857), and I’ll lay around waiting for more handouts from all the other pork in the bill?
Posted by: ConcernAmerican | February 26, 2009, 7:07 pm 7:07 pm
I think a lot more teachers will get laid off in the not-so-distant future as higher taxes, higher energy costs due to regulation, and reduced entrepreneurship due to regulation take their affect on tax revenues.
It’s interesting to hear Democrats complain that those who pay taxes should not be allowed to vote! Or in the words of the other poster: “Shut up!” …and give me all your money.
I can see why these folks want another Bill of Rights.
1. Freedom of speech, with means testing.
2. Right to bear arms, NOT!
3. Nor shall private property be taken for public use….wait a second, private property? What’s that?
4. Rights not delegated to the US…wait a second, there is no limit to those rights to the US at all!
Posted by: Morris | February 26, 2009, 7:08 pm 7:08 pm
“This is BBC nonsense”
The BBC is quoting the UN Index.
“Someone I know needed immediate heart seurgery and was given a date 6 months out.”
Canada’s system is far from perfect but the wait time is for non emergency surgery. No need to make stuff up.
“They buy private health insurance out of pocket, because their “universal health care” is not enough to pay for prescriptions.”
Private insurance regulations vary but for the most part private insurance is allowed for procedures not covered by the government.
Also their prescription drugs are a good deal cheaper than ours.
“They pay 15% sales tax on everything.”
Do you mean VAT?
“And, their standard of living is nothing near the US”
Its higher than the US.
Posted by: Ryan C | February 26, 2009, 7:11 pm 7:11 pm
President Obama budget proposes seem to be no track all I can do is believe that this will work; because for the longest time from President other government official have given of “Let me make this purposely clear.” Some kind of lie about our country state of affairs President Obama is trying to fix it, but the Republican blocking on very corner. To me a voter for over 59 years it look like the republican are trying to make President Obama look bad but I will get out and make sure this is not only seen by me; I will point this out to other.
Posted by: CAROLYN MORRIS | February 26, 2009, 7:12 pm 7:12 pm
We are all so screwed!! We have a bunch of clowns running the government.
Its hard to even watch the news anymore.
Posted by: mike | February 26, 2009, 7:12 pm 7:12 pm
to all those who make over 250,000 a year. first, i don’t care how you made that much money. if you stole it, shame on you. if you inherited it, congrats, and remember to thank the ones that left it to you, and if you worked your ### off for it, more power to you. that said, i have never earned 250,000 in one year and never expect to. i’ve always worked for what i have, and to put it simply, i don’t want YOUR money, and i don’t want obama or any other liberal giving it to me. just thought you should know that some us poorer people still have some pride, and believe what we get, we should earn.
Posted by: revelstone | February 26, 2009, 7:12 pm 7:12 pm
PPI: 46% of Texans disapprove of Barack Obama’s job performance so far, with 45% approving.
*****************************************************
Looks like purple on the palette to me with the blue and red both of near equal proportions.
Posted by: kat the real one | February 26, 2009, 7:12 pm 7:12 pm
G-off whats he trying different?
I see the IDENTICAL TARP setup from all evil BUSH
the only minor difference is increasing some taxes on the wealthy…I wouldn’t call that new…since FDR pretty much invented the concept.
the bottom line and please respond to THIS clearly and with some forming of a point.
MONEY MOVING AROUND INSIDE THE US IS NOT GROWING UNITED STATES WEALTH
do you grasp that concept?
Posted by: mikeD | February 26, 2009, 7:14 pm 7:14 pm
The stock market is tanking, major industries are laying off thousands of workers and Obama wants to raise taxes. Obama can’t be that stupid or maybe Obama wants America to become a third world Nation.
Posted by: Tim | February 26, 2009, 7:15 pm 7:15 pm
Dear Tim,
Guess what grade the entire planet gives Wall Street.
Posted by: prairiebladerunner | February 26, 2009, 7:17 pm 7:17 pm
I work hard for my $30,000 a year. My brother does for his $60,000. The people who hire us to work (me: pest control and him: painting) are those “evil” people and businesses who make over 250 thousand a year. When Obama starts to take away THEIR money they will stop hiring US. EVERYONE gets screwed under his plan.
Posted by: Bryan | February 26, 2009, 7:17 pm 7:17 pm
I just pray that God will have mercy on us all.
Posted by: Shaun | February 26, 2009, 7:18 pm 7:18 pm
How do people who pay no taxes have the right to vote?
Biggest joke on planet earth.
Posted by: john | February 26, 2009, 7:18 pm 7:18 pm
I think that if Obama feels so highly on stealing money from all these businesses and people who earn the money they made through hard work and pure determination he should donate that extra $400,000 a year he makes as president to all the lazy people he wants. I mean $400,000 a year practically for free. He gets the White House, Air Force 1, hell he probably even has his on private clown to do tricks for him. And all of this stuff he has and does is TAX FREE and paid for by OUR money. So the question is is he willing to donate that money he makes on the side to the very cause he believes in? No I dont think he would, but he sure will make us do it!
Posted by: WpopeM | February 26, 2009, 7:18 pm 7:18 pm
“Looks like purple on the palette to me with the blue and red both of near equal proportions.”
Obama got about 43% in the election.
The exit polls are interesting though as Obama did lose quite a few rural counties that were 80%+ hispanic.
Posted by: Ryan C | February 26, 2009, 7:19 pm 7:19 pm
Hey, are there any of the three or four million Obama voters that swung the election for him that have changed their minds? I’d sure like to hear from you. And Thanks.
Posted by: William | February 26, 2009, 7:19 pm 7:19 pm
This handy breakdown of the Obama budget just landed in the inbox from the GOP leader’s office.
Look out! Spendzilla is on the loose:
In 2009, federal spending will approach $4 trillion, or 28 percent of gross domestic product (GDP) – a one-third increase in the size of government in a single year. The budget released by the White House today is loaded with job-killing tax hikes and a slate of even more government spending. Overall, the blueprint projects a record $1.75 trillion deficit this year while doubling the national debt over the next ten years. Following are just 10 fast facts about the Administration’s budget, which our children and grandchildren will be paying for far into the future.
1. The Administration’s projected budget deficit of $1.75 trillion is higher than the last five years of deficits combined, and under this plan, we will see three consecutive trillion dollar deficits between now and FY 2012.
2. While it was purported to cut the budget deficit in half – from $1.75 trillion in 2009 to $533 billion by 2013 – this budget projects higher deficits in 2014 ($570 billion), 2015 ($583 billion), and 2016 ($637 billion). In 2019, the final year in the budget, the deficit is projected to be $712 billion.
3. Including the recently-enacted trillion-dollar “stimulus” spending bill, discretionary spending will soar by 24 percent this year under this budget.
4. The budget projects that the national debt will increase from $8.4 trillion in 2009 to $15.4 trillion in 2019.
5. The Administration’s budget contains $1.4 trillion in tax increases – tax hikes that will impact everyone, from small businesses, charities, and seniors to everyone who owns a 401(k) and anyone who flips on a light switch.
6. After promising that he will reduce taxes on 95 percent of Americans, the Administration’s budget establishes a $646 billion energy tax hike that will impact anyone who uses electricity, drives a car, or relies on energy in any way.
7. This budget forecasts more than $1.5 trillion in new health care spending, including a 10-year, $634 billion a health care “reserve fund.” The budget also calls for seven percent annual growth in Medicare and more than six percent annual growth in Medicaid over the next 10 years.
8. The budget includes a $750 billion placeholder for a second round of spending under the Troubled Assets Relief Program (TARP), even though the first round of TARP spending is not yet finished, nor is there a clear explanation of how funds under the initial round was spent.
9. The Administration’s budget claims that reducing the number of troops in Iraq over the next 10 years will cut the deficit by $1.6 trillion; however, that is only because the budget allocates the same amount of funds for the Iraq war each year over the next decade, even though most combat troops may be withdrawn during the next 19 months. The savings are, at best, deceptive.
10. The budget provides a scant 2.9 percent pay raise for military personnel as required by law, less than a week after Democrats in Congress provided the necessary funding to implement District of Columbia locality pay for overseas Foreign Service officers, which would constitute an 18 percent
pay increase.
Posted by: Sam | February 26, 2009, 7:19 pm 7:19 pm
The bipartisanism on fiscal responsibility is quite comedic
the republicans mostly believe in greatly expanding government largesse but lowering taxes at the same time
(any 3rd grader can figure out that equals financial insolvency)
the democrats beleive in MASSIVELY increasing spending and MASSIVELY increasing taxation
(any 6th grader can see that this won’t work either)
Like I said tax every single person in the country the same exact dollar amount. One 300 millionth of the budget for every man woman and child. Suddenly people will get more concerned with government waste. But when that rich jerk I don’t know is paying for it it sounds just fine and dandy. As for the few rich jerks who feel its good work to dole it out (most of those have more money than God and couldn’t spend it in 12 lifetimes) feel free to give to charity!
Posted by: mikeD | February 26, 2009, 7:19 pm 7:19 pm
“Looks like purple on the palette to me with the blue and red both of near equal proportions.”
Obama got about 43% in the election.
The exit polls are interesting though as Obama did lose quite a few rural counties that were 80%+ hispanic.
Posted by: Ryan C | February 26, 2009, 7:20 pm 7:20 pm
It’s about time Obama got called-out on his incredulous statements and disingenous “goals”.
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He’s been writing his own story while the MSM just parrots it for far too long, and very little of it squares-up with reality. Maybe the press could do their job already, we’ve had enough articles on Obama’s puppy-vetting process and how he likes to play basketball.
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Obama clearly couldn’t deliver the type of temporary, targeted, and timely “stimulus” he repeatedly promised. He completely lacks the the political stature to control Pelosi and Reid… who hit the trough hard, while bickering like siblings.
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And the paucity of GOP co-conspirators exposed Obama politically… this legislation now looks to be a huge gamble. When all this pork and welfare fails to generate real economic gains, the Democrats could face a bloodbath in 2010.
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Historical precedent and all common sense suggest that it will not work. This is likely to be his first and last chance to get the economy back on-track before the mid-term elections.
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One could make the arguement he knows his legacy will already be in tatters by 2010-2012.. and is ramming through as much of his far-left agenda as he can before the day comes when people cringe at the mere mention of his name… sure seems like it.
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Posted by: Reaganite Republican | February 26, 2009, 7:21 pm 7:21 pm
At least have the maturity to admit that you have wildly misrepresented what I said. I never said anything about “male” or “white”
Posted by: The Cowboy | February 26, 2009, 7:21 pm 7:21 pm
It is easy to see what will happen, though it is hard to blame it all on Obama. He was elected by people who think Government will save them. Let them find out it can’t, the hard way.
Even now, young people are rushing into sectors that are predominantly government, law enforcement, health care, etc. The private sector is drying up.
Posted by: douglas gray | February 26, 2009, 7:22 pm 7:22 pm
The REAL cause of the current financial meltdown is in this order;
Non taxpaying liberal elites,
dumocrat politicians on every level,
unions,
obnoxious vocal minority special interest groups,
single moms looking for a handout as a reward for their stupidity
Posted by: libsukbad | February 26, 2009, 7:23 pm 7:23 pm
With the elimination of itemized deductions on individuals making over $250,000 will also mean the elimination of these individuals making charitable contributions. Bye bye charitable organizations.
Posted by: ConcernAmerican | February 26, 2009, 7:25 pm 7:25 pm
“What comment did I make that would lead you to believe that I dislike blacks or any other race of people?”
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Cowboy was calling for cultural secession, which isn’t a bad idea, not for some form of confederate secession as accused. I didn’t necessarily mind the lumping of the RNC and DNC together, because unfortunately, the two have been hard to tell apart. The most recent example I can think of was the bipartisan support given to the Paulson bailout.
Posted by: kat the real one | February 26, 2009, 7:26 pm 7:26 pm
n22s, Whenever the power to decide who gets what is turned over to a central authority who base their decisions on political considerations, not the free choice of the people in a free market, you don’t get equity you get serfdom.
Posted by: Tim | February 26, 2009, 7:27 pm 7:27 pm
Gee you’re clever! I bet you’re the guy who got beat up a lot in school. That’s usually the story of people who get such joy out of flippant comments like this. It’s funny that you think a place with a bunch of conservatives would be full of stupid people when cities/counties/states that are dominated by conservatives are actually very afflent and safe. Say…Orange County Ca….very conservative…very clean and upper middle class as well. What about Salt Lake City. Probably the safest big city in the country. Oh but they’re full of Mormons huh? Well they’re doing something right. On the other hand, let’s look at the major cities run by Dems…L.A., New York, CHICAGO (Chicago…oh my god!!!). Yeah those are great places to live. The funny thing is if you really had to choose whether to live in a country dominated by libs or conservatives you’d probably pick conservatives. Be honest…you know how dangerous a country would be with a bunch of Democrats running around and no Conseratives to mainain order? Oh that’s right…just go to Detroit and you can see what it’s like. It’s a liberal paradise huh? Idiot.
Posted by: rocco | Feb 26, 2009 7:25:28 PM
Great comments, rocco.
Posted by: govsucks | February 26, 2009, 7:29 pm 7:29 pm
First, I shall endeavor to correct anyone thatcalls this system political or financial as Democratic, Republic, or capitalist. It hasn’t been for some time and this is end ball game to prove that.
Second, there is no financial benefit to a two worker family at the 250,000 level in the future. You’d save more by one quitting, doing without the second car, and child care, etc, then the second earner makes. Often the earner that makes more should quit.
Third, it probably isn’t worth sending your kids to college if the government is not willing to fit the bill. Its important that all learn to earn less and help our economy as Obama is obviously encouraging us to do. The One has spoken, he wants income equalized, we should all earn as little as possible.
Posted by: Winzy | February 26, 2009, 7:32 pm 7:32 pm
President Obama is either CLUELESS or RECKLESS, maybe both, in his personal crusade of wealth equalization and redistribution. When he figures out that he can’t raise enough through INCOME taxes, he will then tax your wealth. Unless you have none. Then he will give you what he “steals” from others.
Posted by: Reckless Clueless | February 26, 2009, 7:36 pm 7:36 pm
Can we stop the criticism and give the man a chance?Who cares who voted for him and why.He’s been in office all of a month and six days and no one will get off his back!reading all these comments makes me ill, you people are darn right ignorant, and I haven’t a clue why.
Posted by: neeshah | February 26, 2009, 7:36 pm 7:36 pm
Someone wrote:
“If you make more than $200 K a year, I should feel sorry for you that your taxes will increase when I make $25,000 a year? I am a stay at home mom that home day cares so I can be home for my disabled daughter and poor you????”
I doubt there is one person on this board who makes over $200k and expects pity from you.
Here’s the problem scenario, however. Lets say that some of the people who look to you have their taxes increased or lose their jobs because of Obama’s policies. Many of them will be forced to stop using you for daycare. You already know of many people that, after daycare is paid for, make very little. Any finanical problem will make daycare unaffordable or not feasible.
Though you make only $25k you will be impacted negatively. And when you drop to a certain level you either find work (your daughter suffers) or you go to the government for aid (the government is burdened, negating the increase in taxes from others).
Now you may say that none of your customers will be impacted. However, there will be someone in your exact position who will have customers that say the loss of, $2000 for example, means it no longer makes sense for them to work.
Don’t pity people, hope instead that your customers make MORE of their OWN money so they keep you in business of even increase it.
Posted by: n22s | February 26, 2009, 7:37 pm 7:37 pm
I’m trying to drown up some sympathy for the people making over 250k a year, but failing miserably. Give me a break any historian will tell you that this country does better when the wealth is more evenly distributed. At this time the wealth is more highly concentrated in the hands of the few than it has at any time in our nation.
The good people of America finally got fed up with it and decided to do something. Boohoo you won’t be able to buy that 10th vacation home so maybe one of the hard working Americans who doesn’t make $250,000 a year will have a chance. The wealthy push prices of property and everything else up to a point where it is difficult for average people to afford them. Thankfully Obama will swing the pendulum back the other way. The greedy wouldn’t be happy until 1% controlled 99.99% of the the wealth which is where we are headed.
Posted by: DG | February 26, 2009, 7:39 pm 7:39 pm
Many more strategies are possible but here are a few, for those who still love freedom:
1. Begin divesting from US dollars into something that isn’t so hyper taxed or inclined to inflation due to the burning presses of the Federal Reserve
2. Stop sponsoring foreign products that undermine important U.S. industries
3. Don’t support liberal institutions in any way shape or form.
4. Reward people who work hard and don’t have their hand out demanding money at every turn. Ignore those who do.
5. Network with people who want to secede from this mess, and pool your efforts. Support each other with wisdom and practical information.
6. Remember God is in charge. Currency, politicians, economies only think they are.
7. Recognize the crashing economies of the world as an opportunity. Just because everyone else is in a panic doesn’t mean you have to be.
8. Don’t get angry. Get smart.
Posted by: John Galt | February 26, 2009, 7:39 pm 7:39 pm
The exit polls are interesting though as Obama did lose quite a few rural counties that were 80%+ hispanic.
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43% for Obama in Texas still is approaching purple. I don’t know anything about the stats you’re citing, but the national stats had Obama with a clear double digit lead with the Hispanics, and he appeared to be the overwhelming choice in the Rio Grande Valley. Are you trying to stereotype again?
Posted by: kat the real one | February 26, 2009, 7:41 pm 7:41 pm
What you are seeing above is the end of the domestic oil industry. This group of taxes and the repeal of deductions will curtail domestic oil & gas exploration, which in turn will make us more dependent on foreign oil. Your price at the pump will go up yet the money available to use for exploration will go away. Well done, Democrats. A complete and total devastation of the oil industry.
Posted by: Kris Kennedy | February 26, 2009, 7:42 pm 7:42 pm
Tim said:
“n22s, Whenever the power to decide who gets what is turned over to a central authority who base their decisions on political considerations, not the free choice of the people in a free market, you don’t get equity you get serfdom.”
Well said.
In THEORY, socialism provides a more equitable distribution of goods. However, in real life you get special stores for the ruling class, special lanes on the highway. The crumbs are distributed “equitably” to the serfs.
Or, as is the case today, you get a special private plane that jets you to Italy or your tax debt is forgiven or you make millions for screwing up Fannie or Freddie.
Posted by: n22s | February 26, 2009, 7:43 pm 7:43 pm
I GUESS THE LIBERAL LEFTIES ARE SO HAPPY NOW — THE MOST CORRUPTED ADMINISTRATION EVER. OBAMA IS MUST EVIL MAN IN THE WORLD!!! HE GOAL IS TO DESTROY AMERICA AND BRING IN BIG BROTHER AND COMMIE SOCIALISM TO THE AMERICAN PEOPLE. YOU THINK PEOPLE WHO LOSE THERE JOBS NOW, WILL BE WORST. BUSINESSES WILL NOT EXIST, BECAUSE TAXING THE RICH WILL STOP THE RICH FOR CREATING AND INVESTING IN START-UPS, ETC. OBAMA CAN GIVE A DARN ABOUT US AND THIS COUNTRY. AFTER 20 YEARS WITH THE ANTI-AMERICAN PASTOR, WHAT DO YOU THINK HE BELIEVES IN. OAMAMS GOAL IS TO MAKE SURE IN A VERY SHORT TIME AND WILL APPLY THIS VERY VERY FAST — WHERE THEY WILL NOT FOLLOW THE LAWS OF THE LAND AND/OR THE US CONSTITUTION. THEY DEPISE IT THE DEMS AND OBAMA AND HIS CORRUPT CABINET OF LOBBYIST AND TAX CHEATS. YOU USEFUL IDIOTIS OUT THERE WILL BE NEXT ON OBAMA’S LIST, HE USED YOU AND NOW HE WILL DESTROY YOUR LIVES WHERE YOU WILL BE TAXED OVER 60%, HE IS FOLLOWING IN THE FOOTSTEPS OS CARL MARX. IF HE TAXED THE RICH AND STOPS IDEMIZED DEDUCTIONS, HE WILL START WITH 250 OR MORE AND THEN HE WILL CHANGE IT UNTIL HE AFFECTS ALL OF US. ALSO, IT WILL AFFECT YOU IN YOUR JOBS. ALL THIS MONEY HE IS HELPING ILLEGAL ALIENS AND NON-WORKERS WHO HAVE NO RIGHT TO OUR TAX PAYERS MONEY.
Posted by: JOHN | February 26, 2009, 7:43 pm 7:43 pm
Does anyone else see Obama as a modern day Robin Hood? I’m curious what conservatives feel when they watch a movie like Robin Hood. Its about time somebody gave a crap about the poor and middle class in this country again.
Posted by: DG | February 26, 2009, 7:44 pm 7:44 pm
The Titanic is sinking, and instead of helping the passengers into lifeboats, Barack Insane Obama is shoveling money into the boiler furnaces.
SOS – Save Our Ship!
Posted by: One_American | February 26, 2009, 7:45 pm 7:45 pm
If OBama succeeds, we all fail, America fails, and capitalism goes into hibernation. You people who make less than $250k a year are still going to pay more in taxes, it is a mathematical certainty, as no projection is ever correct. the fact that he is taxing capital, and destroying entrepreneurism, means that the standard of living will continue to decrease, and the people making $25k will then be the next taxed. it is economics 101.
Posted by: Sandwah | February 26, 2009, 7:47 pm 7:47 pm
The exit polls are interesting though as Obama did lose quite a few rural counties that were 80%+ hispanic.
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43% for Obama in Texas still is approaching purple. I don’t know anything about the stats you’re citing, but the national stats had Obama with a clear double digit lead with the Hispanics, and he appeared to be the overwhelming choice in the Rio Grande Valley. Are you trying to stereotype again?
Posted by: kat the real one | February 26, 2009, 7:48 pm 7:48 pm
Let me get this right, I work my tail off, sacrifice a decade of my life in school while my friends are taking the easier path, sacrifice for 20 years at work to get ahead so that you can tell me I should have to be penalized for my effort. I am all for a flat tax (20% of my income means I will pay more than the 20% of someone making less. Have a consumption tax…those who spend more are taxed more. This baloney about wealth redistribution is only fair means that those of us who work hard and do well will pay for those who are too lazy or uneducated to get ahead. Socialism works well until you run out of other peoples money to fund it. The danger is those at the bottom are so taken care of they have no incentive to leave the safety net, and those at the top who are getting unfairly taxed will stop trying as hard. Why? Just so I can give more to the government?
Posted by: Nathan Watson | February 26, 2009, 7:51 pm 7:51 pm
Bottom line is the Obama is simply a SOCIALIST and a LIAR. he lied in the senate the other day in his speech, he lies all the time, as his modus operandi is to tell the masses what they WANT to hear, with style, and then do whatever he wants. he is a left loon, nothing more or less, never run a business, never managed anything… and 53% of the idiot populus elected this idiot president. you elected – you got him. the capitalists will start leaving soon, and you $25k earners WONT HAVE A JOB.
Posted by: Sandwah | February 26, 2009, 7:51 pm 7:51 pm
“43% for Obama in Texas still is approaching purple.”
Sure.
“I don’t know anything about the stats you’re citing, but the national stats had Obama with a clear double digit lead with the Hispanics, and he appeared to be the overwhelming choice in the Rio Grande Valley.”
USAT exit polls have county stats including demo graphics.
“Are you trying to stereotype again?”
Not at all. When did I stereotype hispanics?
I just thought it was interesting that in quite a few rural counties with large hispanic populations, he did not win. Though in others he did win.
That is beyond the urban vs rural argument you discussed before.
Posted by: Ryan C | February 26, 2009, 7:51 pm 7:51 pm
What did anyone expect when the country elected a president who has less experience than Sarah Palin?
Posted by: O No! | February 26, 2009, 7:52 pm 7:52 pm
I hope this does not put Exxon out of business! LOL
Posted by: tom | February 26, 2009, 7:53 pm 7:53 pm
Ahhh… Is diversity of opinion not great? To some the so different direction in opinion is scary and threatning. To me…
Only in America baby!
This is why we are so good and the leader of the world. I’m not joking…
Posted by: 1 in over 300,000,000 | February 26, 2009, 7:56 pm 7:56 pm
The title is really misleading. The hike is on people that made more then 250k per year. Let’s face it, how many of us are making that kind of money? The reason we scream bloody murder was because we are sold on the dream that someday we may be making that much, therefore tax hike at this level is bad. But the reality is most of us won’t even get to make 250k per year.
Posted by: John | February 26, 2009, 7:56 pm 7:56 pm
Jake Tapper should go and work for Fox News — his claim that Obama proposes $1 Trillion in “New Taxes” over the next 10 years is false. It’s a lie.
Over 1/3 of that $1 Trillion comes from the expiration of the outlandish Bush tax cuts on the richest people in the country! The expiration of a tax cut is not a New Tax! Once again, that is patently false.
And, all these rich people will still only be paying 39% maximum tax (minus all the loopholes, which will still allow many of them to pay next to nothing), which, compared to the 75% & 80% tax brackets the United States had when it was in its “hey day” is nearly nothing.
The fact is, the wealthy people in the United States just so happen to be the greediest and most corrupt people in the history of the world.
Posted by: Ron Jenkens | February 26, 2009, 7:56 pm 7:56 pm
It is unrealistic to raise all these taxes on businesses and expect that it will result in that much more revenue to the government. Higher taxes means higher business expenses, which means the price of their products go up and they sell less. That means they can employ less workers, which means more layoffs. More layoffs means that there are less employed people to buy the products.
Higher business taxes means business do more poorly and hire less people. It also means they can’t compete with foreign products which sell for less.
That means that in order to survive, businesses MUST consider moving offshore. It doesn’t matter if Obama penalizes them even more for hiring overseas, they still have to in order to survive. Raise the tax penalties enough, and they’ll just shut down their US operations completely. THEN what does Obama do for more tax money?
Obama’s policies won’t result in more tax revenues, instead they will suppress revenue and drive much of the source of taxes out of the country.
But I guess no one really cares, so let’s go for it!
Posted by: Dan | February 26, 2009, 7:58 pm 7:58 pm
401K gone, house almost worthless with mortgage the same, hey I have an idea – let’s raise taxes – first on over 250K workers, then over 150K workers, then over 50K workers………se any pattern folks – divided into classes…appeasement – Churchchill said it meant “your simply the last one to be eatten in the alligator swamp…”
Yes change you can believe in….hahahahahahahahahahahahahahahahahahahahahahahah
Posted by: BBub | February 26, 2009, 8:00 pm 8:00 pm
I wonder what the great capitalists, Robert Vesco, Bernie Cornfeld, Frank Lorenzo, Michael Milliken, Ross Perot, Gary Wendt, Kenny boy Lay and others will do to protect their billions now
Posted by: tom | February 26, 2009, 8:01 pm 8:01 pm
Ryan C,
Just because you state that my points are invalid doesn’t make it so. You act as if your word was law and therefore unimpeachable. If there was no merit to my arguments, than answer me this: why are there still pending court cases with SCOTUS asking the same questions that I am? Why haven’t they been denied that same as two dozen others? Just like this economic debate, you can’t answer that because they, and you, don’t know yet. So stop trying to explain everything away as if it doesn’t exist. When SCOTUS makes a final decision, then I’ll believe it, but not based on your determination.
Posted by: JCM | February 26, 2009, 8:02 pm 8:02 pm
DG wrote:
“I’m trying to drown up some sympathy for the people making over 250k a year, but failing miserably. Give me a break any historian will tell you that this country does better when the wealth is more evenly distributed. At this time the wealth is more highly concentrated in the hands of the few than it has at any time in our nation.
The good people of America finally got fed up with it and decided to do something. Boohoo you won’t be able to buy that 10th vacation home so maybe one of the hard working Americans who doesn’t make $250,000 a year will have a chance. The wealthy push prices of property and everything else up to a point where it is difficult for average people to afford them. Thankfully Obama will swing the pendulum back the other way. The greedy wouldn’t be happy until 1% controlled 99.99% of the the wealth which is where we are headed.”
No sympathy for those making over $250k is needed.
By the way, who makes that 10th vacation home? Who pushed up prices with ninja loans (don’t know what those are?)? Who signed those loans? Who decided that, fiscal responsibility be damned, anyone can lie on a loan application and get away with it? Who signed those loans?
The ignorant are just as responsible as the immoral. Hint: if someone tells you to say you make $100k when you only make 25, there’s something fishy going on? You didn’t get that from some sensitivity class you took in high school?
Who won’t let the market correct itself like it did in 1987? Why don’t we let 1000s of banks go down like we did in the S&L crisis? DON’T blame the market if you don’t let it work, good or bad.
Who decided that it was better to let illegals be exploited by looking the other way when they were hired to build homes? Who profits from the poor at election time?
What made you put that extra TV or designer jeans or fancy meal or vacation on a credit card? If you had the money why didn’t you save it instead of spending it?
Who did you enrich with YOUR wild spending? You had a choice. Perhaps you should look in a mirror or blame an education system that made you feel good for getting a D instead of giving you information you need. Such as ninja loans are bad for you. How’s your self esteem now?
Posted by: n22s | February 26, 2009, 8:02 pm 8:02 pm
You cannot legislate the poor into freedom by legislating the wealthy out of freedom. What one person receives without working for, another person must work for without receiving. The government cannot give to anybody anything that the government does not first take from somebody else. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend is about the end of a nation. You cannot multiply wealth by dividing it.
The late Dr. Adrian Rogers (1931-2005)
Posted by: ssstat | February 26, 2009, 8:04 pm 8:04 pm
“Are you trying to stereotype again?”
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I was referring to your stereotyping of Cowboy. Of course, there’s plenty of racism and sexism around here, but in all fairness, it wasn’t coming from him. I also detect some eagerness to stereotype about a state and its populace by your reluctance to see the color purple there (apologies to Alice Walker).
What does the Hipsanic rural vote have to do with my original assertion that Obama fared better with the large cities in Texas? Never mind. Good Night.
Posted by: kat the real one | February 26, 2009, 8:05 pm 8:05 pm
Obama is a pure tax and spend, huge govenment liberal. Be careful for what you wish for people. Thie European model has been tested and the results are not good.
Extremist like Obama will prove to be bad long term.
Watch and learn!
Posted by: R Crawford | February 26, 2009, 8:06 pm 8:06 pm
DG wrote:
“Does anyone else see Obama as a modern day Robin Hood? I’m curious what conservatives feel when they watch a movie like Robin Hood. Its about time somebody gave a crap about the poor and middle class in this country again.”
Watch Monty Python’s take on Robin Hood morality.
Posted by: n22s | February 26, 2009, 8:08 pm 8:08 pm
While all you lazy liberals are setting on your ass, try reading a history book…try reading the history of the Nazi party in Germany, early 1930′s….you just may be smart enough to see our future..
To ABC….your pay-back will be the limitation of free speach….Don’t sit there thinking I have no idea what I’m talking about….The first thing the Nazi’s did was burn the books and take over the media…..There goes free speach and your jobs as you know them. Guns are next in line…
America has been given a death blow in this last election…..
The Democrats will never be up-rooted from power due to the changing Demographics….the numbers don’t lie….the Latins and Blacks are in the majority……keep this mind as you watch us fall……..
Fifty percent of America is living off the backs of the other 50%. Just how long will it take for working 50% to join the ones sitting on their butts looking for the next handout……It won’t take long…..
Posted by: Richard | February 26, 2009, 8:08 pm 8:08 pm
well i’m 23yo. why should i even bother trying to work if everything i work for will end up being taxed. why bother putting money in to a savings account if it’s going to get taxed. why should i be punished for working when there are millions of people who do nothing all day and get free money. why should i have to pay of the scum who milk the system. it makes me not want to go to work in the morning.
Posted by: joe | February 26, 2009, 8:09 pm 8:09 pm
“I was referring to your stereotyping of Cowboy.”
I wasn’t stereotyping him by state but by what he said in regards to who or who should not be allowed to vote per the original intent of the founders.
Posted by: Ryan C | February 26, 2009, 8:10 pm 8:10 pm
I am on this blog 24-7, speaking TRUTH to POWER!
And dad said I’d never amount to anything. Or fit into that gorgeous prom dress by spring.
Shows him.
Posted by: Ryan C | Feb 26, 2009 7:59:25 PM
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Yeah, shows him, alright. Now, that’s something to be proud of — you’re “on this blog 24-7, speaking TRUTH to POWER!” While the rest of us stop by here on occasion but spend the vast majority of our time actually doing something productive for the country and society in the offline world, your contribution is making believe you’re somebody important and accomplishing something important on a blog, where all your do it spout lines fed to you by Keith Olbermann. Talk about laughable.
Posted by: Slappy | February 26, 2009, 8:15 pm 8:15 pm
The repeal of the Bush Tax Cuts will raise EVERYBODY’s taxes, not just the rich. Eliminating tax deductions and increasing capital gains taxes also affect the middle class. who are we kidding here?
When businesses get taxed, they pass that tax along to us, the consumers. Life is going to get mighty expensive.
It is time to get the gov’t out of our lives. We need the FAIR TAX and now.
Posted by: Joy S. | February 26, 2009, 8:17 pm 8:17 pm
Seriously, when you see that excess this president is using on his sit down, by invite only dinners is anyone really suprised? I mean he spent $400 a pound OF OUR MONEY on Japanese steaks for his cronies for pete’s sake. At least this guy could do for all the rest of us is buy us dinner after he has screwed us. I am mad as hell at the actions by Democrats and this President. DISGUSTING AND SINFULL!!!
Posted by: Pattieb | February 26, 2009, 8:18 pm 8:18 pm
“Its about time somebody gave a crap about the poor and middle class in this country again.”
I’m a conservative and I agree with you – but it is the poor and middle class themselves who need to start giving a crap about their own lives, making responsible decision and being held accountable for those decisions (don’t buy a house you can’t afford, go to college instead of wining about why you can’t get ahead, maybe even CONSIDER not putting those monster truck tickets on their credit cards, or maybe working longer than a 40 hour week every once in a while).
Posted by: Heather | February 26, 2009, 8:18 pm 8:18 pm
“The repeal of the Bush Tax Cuts will raise EVERYBODY’s taxes, not just the rich. Eliminating tax deductions and increasing capital gains taxes also affect the middle class. who are we kidding here?”
More talking point parrots who have no idea what they are talking about.
Both the itemized deduction AND capital gains tax raises apply to those making over $250K.
Posted by: Ryan C | February 26, 2009, 8:20 pm 8:20 pm
He should be putting tarrifs on imports, that may help to bring home the work as well as raise income.
Posted by: Dennis | February 26, 2009, 8:21 pm 8:21 pm
He should be putting tarrifs on imports, that may help to bring home the work as well as raise income.
Posted by: Dennis | February 26, 2009, 8:21 pm 8:21 pm
“I mean he spent $400 a pound OF OUR MONEY on Japanese steaks for his cronies for pete’s sake.”
Just last week it was $100 a lb, must be the hysterical right wing inflation.
And his cronies?
It was a bi partisan cocktail party.
Posted by: Ryan C | February 26, 2009, 8:21 pm 8:21 pm
The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants.”
The New Revolution Is Calling!!!!!
Posted by: Destroyer | February 26, 2009, 8:22 pm 8:22 pm
The ‘Bush’ tax cut for the ‘rich’ lowered taxes for every tax bracket. By eliminating it and not giving a similar or greater tax cut for people earning less than 250k a year is in every way a tax increase for the poor and middle class. It will be an Obama tax on the middle class and poor, one of many!
Posted by: Locke | February 26, 2009, 8:22 pm 8:22 pm
“He should be putting tarrifs on imports, that may help to bring home the work as well as raise income”
That did not work out so well in the past.
See Smoot-Hawley
Posted by: Ryan C | February 26, 2009, 8:23 pm 8:23 pm
Wow, what a deceptive article.
“Most of which are tax increases on individuals”
Correct, but there aren’t many ways you can reword “Increased taxes on the top 5%” that make it sound like everyone is getting taxed. Good work wordsmithing.
Oh and btw, itemized deductions aren’t being eliminated, hah!! There’s going to be a LIMIT placed on itemized deductions…which makes sense considering the 1st trick of tax evasion (oh Im sorry…tax OVOIDANCE) is to list so many things that the IRS would never check.
Look, its ok to disagree with the way Obama is handling things. Just do it in an honest and balanced fashion, and people will be more likely to take your argument seriously. Outrageous statements generate page hits, but not respect.
Posted by: Jacob | February 26, 2009, 8:23 pm 8:23 pm
Allowing the Bush tax cuts to expire will raise taxes on many more than those with incomes over $250,000. For example, married taxpayers in the lowest tax bracket (the 10% bracket) will pay at least $800.00 more in taxes per year.
Posted by: Rich | February 26, 2009, 8:23 pm 8:23 pm
“Allowing the Bush tax cuts to expire will raise taxes on many more than those with incomes over $250,000. For example, married taxpayers in the lowest tax bracket (the 10% bracket) will pay at least $800.00 more in taxes per year.”
Except the only Bush tax cuts that are going to expire are those for the rich.
Posted by: Ryan C | February 26, 2009, 8:29 pm 8:29 pm
Consider these qoutes from Thomas Jefferson:
“The essential principles of our Government… form the bright constellation which has gone before us and guided our steps through an age of revolution and reformation. The wisdom of our sages and blood of our heroes have been devoted to their attainment. They should be the creed of our political faith, the text of civic instruction, the touchstone by which to try the services of those we trust; and should we wander from them in moments of error or of alarm, let us hasten to retrace our steps and to regain the road which alone leads to peace, liberty and safety.” –1st Inaugural Address, 1801. Or, Mr. Obama, we can scream the sky is falling and nationalized or tax everything that still has a pulse.
“Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions, begun at a distinguished period and pursued unalterably through every change of ministers, too plainly prove a deliberate, systematic plan of reducing [a people] to slavery.” –Thomas Jefferson: Rights of British America, 1774. (*) ME 1:193, Papers 1:125 We’ve been following obamas path since FDR inacted the entire 1920 socialist party platform. Taxing the labor of man is as equally evil as slavery and after they are raised to their limit will be the same thing.
“When patience has begotten false estimates of its motives, when wrongs are pressed because it is believed they will be borne, resistance becomes morality.” –Thomas Jefferson to M. deStael, 1807. ME 11:282 -We just increased spending by another trillion Dollars, hey! lets increase taxes by another trillion dollars! My patience wears thin; how is yours?
“I would rather be exposed to the inconveniences attending too
much liberty than to those attending too small a degree of it.”
–Thomas Jefferson to Archibald Stuart, 1791. -as I said earlier, I would rather starve to death than cede my liberty to anyone for the promise of a saftey net.
“Postpone to the great object of Liberty every smaller motive and passion.” –Thomas Jefferson to Samuel Huntington, 1780. FE 2:298, Papers 3:289 – Today we postpone the object of liberty To every smaller motive and passion. The control of our economic life is inseperable from it’s control of our lives.
Posted by: jd | February 26, 2009, 8:29 pm 8:29 pm
Bye, Bye, America! I warned my friends and family about Obamanation a year ago! Elections have conciquences and now the parasite class has won! I’m not rich and I don’t have much but I have never been given a job from a poor person have you? The lazy, unmotivated, irresponsible types have finally taken over the country. This robin hood mentality has finally destroyed america. People did not know what they were signing on to!
Posted by: Chuck | February 26, 2009, 8:29 pm 8:29 pm
There are dual working families right on the cusp of $250,000 – how do you think not being to make straightforward deductions like their mortgage interest or child care will impact them?
There will be a few poor bastards living in HCOL areas that make $251,000 with not much left save for their own children’s education – but the poor and middle class go for free? This whole plan is ridiculous. The top 5% also contribute more to the GDP, invest more, and spend more. Let Obama stick it to these people in his class warefare and I hope they all stop spending, let the market crash, close their small businesses and then he can really see what welfare looks like.
Posted by: Dave | February 26, 2009, 8:30 pm 8:30 pm
Well spoken jd.
Consider, however, that the majority of Obama voters are asking themselves right about now if Jessica Simpson has really gained weight.
Ryan, you still haven’t commented on whether that GPS chip on your car is a good idea.
Posted by: n22s | February 26, 2009, 8:35 pm 8:35 pm
Nothing drives a point home like TYPING IN ALL CAPS with bad punctuation and grammar.
What, you thought we could afford this stimulus package without paying for it somehow?
Socialism is great, it has been working wonderfully for most industrialized nations for years. We’ve had it here for some time as well. Social Security, food stamps, and welfare programs are all socialist programs. The police department and fire department… socialism. I’m not sure why it’s a bad word politically. The red scare is over. No one is going to invade and take away your rights. What is going to happen is that the wealthiest among us are going to pay their share for the rebuilding of society in a way that benefits the most people. If you consider that terrible, I don’t know what to tell you.
The truth is that public health care will be a shot in the arm for the economy in a big way. People will not be beholden to their jobs to stay healthy and out of the poor-house, and smaller businesses will be freed from the crushing costs of providing health care.
Posted by: DarkGamer | February 26, 2009, 8:39 pm 8:39 pm
Isn’t time we stop refering to our political allegience’s and think of ourselves as AMERICANS??? The “powers that be” love the fact that we argue like idiots over who’s fault what policy is, or who is responsible for whatever…. WE, Americans, have to band together against both these Party’s that rule our country. They are the reason we are in so much trouble. One is no better than the other. They are concerned with their own self interests…POWER,MONEY AND GREED! And those are the only things they ultimately seek. We once were a country whose leaders were afraid of us, the people. Now we have country fearful of our government. We need to take our country back from the politicians who are owned and operated by BIG BUSINESS and gigantic CORPORATIONS. Lobbying must be abolished completeley for our leaders to be able to operate without a hint of Corporate corruption. Until that time, we will be led by the President of Corporate USA. We must stand up and let them know that “we are mad as hell, and we’re not gonna take it anymore”. If we don’t do something, there we be precious little left of this once great nation for our children to live in.
Posted by: Michael | February 26, 2009, 8:42 pm 8:42 pm
n22s: as to your last, I refer you to my first post in this thread where I wrote; “If you ask why we continue to elect people that get us into these messes the answer is: universal sufferage. We have to take a test to drive for christ’s sake but we’ll have some one pick you up from the institution to take you to vote.”
If my standards were in place I wouldn’t be allowed to vote. I would limit the vote to those who 1. Owned a home or land (including those who still owed on that land)and/or business owners. Having everyone vote would be like letting each of your employee’s vote on what work weeks, work loads, compensation, and benefits would be… before too long you would have a 4 hour work week, guaranteed employement, compensation out of alignment with the value created through the work performed, 100% employer paid health care.. just think auto industry and labor unions..
Posted by: jd | February 26, 2009, 8:45 pm 8:45 pm
If the republicans cared so much for all of america instead of the rich in the USA the population of slumland based on the slumdog millionaire movie, then do not expect much sympathy.
If the budget had to be balanced, the pentagon would have to disappear in proportion to the government itself. How many homeless does it take to fill up the military ranks at the moment? Then the problem disappears somewhere else and are ready to fight back later.
Posted by: Heedim Hydan | February 26, 2009, 8:47 pm 8:47 pm
OK, we won’t raise taxes on those making less then $250,000 a year, so we will raise taxes on business’ and oil. Now that will raise their cost of doing business which will be passed on to us.
So my question to you is who is really paying these higher taxes? Answer-everyone who makes less then $250,000 a year that’s who. Any democrat’s or Moderates listening? There is no free lunch people.
Posted by: thepipedreamer | February 26, 2009, 8:52 pm 8:52 pm
We should be retiring this year. Since the November election of the Obamination, we have watched our life savings deplete by over half. Thanks, Democrats.
Posted by: Helen | February 26, 2009, 8:53 pm 8:53 pm
It’s time that more Americans become aware of the Fairtax proposal. Google Fairtax. We need more money flowing into the hands of consumers for them to decide how to spend. It’s not a matter of Liberal or Conservative, Republican or Democrat. It’s a matter of personal empowerment of the PEOPLE, by the PEOPLE, for the PEOPLE. We Americans are the people. Not the representatives of our Republic. We are NOT a democracy, like Obama espouses.
Posted by: Speedy | February 26, 2009, 8:53 pm 8:53 pm
I am not feeling at all badly for anyone making over $250k having to pay more taxes. Give me a break about their kids education as they could easily move into a cheaper house and drive a cheaper car. I got laid off from my white collar job making 40k and after not finding any work I had to start working for $8 per hour at a construction sight to help pay my bills until I find a decent job. I don’t live beyond my means and have no debt. If this means I have to pay a few more dollar in taxes to help my country, then be it. But, the rich should be paying the same percentage. I don’t have itemized deduction opportunities and I GREATLY disagree to some rich people paying less taxes than I do because their personal accountants can get them away with it. Hooray for letting this expire. Anyone that feels sorry for rich paying their taxes is an idiot. We have it better than 99% of this world. Americans are just spoiled.
Posted by: Ric | February 26, 2009, 8:53 pm 8:53 pm
Obama never promised “not to raise taxes”…it will be a painful struggle recovering from the mess of 8 years of Bush as president, cronyism in government and Wall Street, and general unbridled greed by banks.
Posted by: Samuel A Gunderson | February 26, 2009, 8:55 pm 8:55 pm
This will jump start the economy…LMFAO!!! Thanks to all who voted us into a Marxist goverment. You think things are bad now? You haven’t seen anything yet.
Posted by: Joe Grey | February 26, 2009, 8:55 pm 8:55 pm
ROLFMAO…making an enemies list?
Nixonian paranoia is a bit dated don’t you think?
Posted by: Ryan C | Feb 26, 2009 8:40:42 PM
************************************
Huh? What the heck are you even talking about? Are you able to post anything that has any intellectual worth? Or is it just talking points and nonsensical accusations? There’s no paranoia. I’m just pointing out your continued evasiveness when it comes to responding to specific points of view that disagree with yours. You’re the one constantly tossing out potshots at conservatives here but you conveniently ignore anything that debunks your comments. Everyone here can see that.
Posted by: Slappy | February 26, 2009, 8:56 pm 8:56 pm
We have become a tyrannical nation of mob rule.
Good luck sucking out taxes boys and girls.. jobs are gong to disappear right along with them and you’ll be reduced to goosestepping with Obama’s civilian army.
Posted by: dale | February 26, 2009, 8:57 pm 8:57 pm
Slappy, I have been hanging on political punch since right around the convention, I’m here everyday.
You happen to post ONLY on the two threads that drudge has linked to.
Posted by: Ryan C | Feb 26, 2009 8:40:42 PM
************************************
Actually, I’ve resisted posting because of my schedule though I frequent here fairly often. They’re also two specific threads that are the most interesting current discussions, too, but I guess that fact is lost on you as well. Nonetheless, what difference does it make how I got here? That’s not a rebuttal on your part. It’s the cry of someone with no substantive response to what I’ve posted.
Posted by: Slappy | February 26, 2009, 9:00 pm 9:00 pm
“I whither in the face of your well reasoned, intellectual rebuttal.”
Yes because declaration of fascism sans evidence beyond his raising taxes on the rich is the height of intellectualism…..well perhaps right wing intellectuals.
“Or perhaps I misunderstood the whole cap and trade scheme that will attempt to control industry’s production of carbon.”
By your logic, environmental laws are an attempt to control a company production of pollution.
“And when they legalize all illegal immigrants you’ll be all for that won’t you”
This is quite amusing.
Why are illegal immigrants here?
Because they can get job at cut pay with zero rights since they are here illegally. They can be mistreated exposed to dangerous working condition and get paid a tiny percentage of what their labor is worth.
I suppose if the Obama admin sought to cut off this work by coming down hard on employers exploiting these people, you would call him a fascist.
Posted by: Ryan C | February 26, 2009, 9:00 pm 9:00 pm
The first four men (the poorest) would pay nothing. They work at min pay jobs at a car wash in the winter working up a sweat in the cold & wet.
The fifth would pay $1. Works as a retail sales clerk.
The sixth would pay $3. Works in a barber shop.
The seventh would pay $7. Works in an auto plant assembly line.
The eighth would pay $12. Owns a small business with 2 employees.
The ninth would pay $18. Loan officer in a bank selling mortages.
The tenth man (the richest) would pay $59. Bundels & resells bad loans to investment houses.
How much differential should there really be in the incomes. If the pay were the same which job would YOU want.
Is labour undervalued? All the crying about killing ambition, is it only for money we strive not quality of life. Are too many high paying jobs about gaming the system and not making an unusual or special contribution. Progressive tax law attempts to redress the inequity our system creates. No citizen who works should exercise an outlandish economic & political ability.
Can you justify anyone making 500 times more than another hard working American. What is a reasonable multipule to pay one person over another? If you can’t understand I don’t care how many Phd’s youse got.
IQ 138
Posted by: Igor | February 26, 2009, 9:01 pm 9:01 pm
Like I said yesterday, if u don’t like me, that’s fine. Drudge will tell you where to go tomorrow, and here you are. I would be willing to bet that if I went to drudge tomorrow and went wherever his red siren pointed I would find you sharing your “wisdom”.
Its kind of like a dog. Sure you’re smart but you’re easily led by the nose.
You can try to quickly post on some other threads so you can disprove me.
But watching you squirm I think I hit the mark.
Posted by: Ryan C | Feb 26, 2009 8:40:42 PM
************************************
First of all, I don’t know you so I don’t know whether I like you or not. However, I don’t like your sophomoric approach to online debate and your desire to label people that disagree with you as being stupid.
Once again, what is your level of education? You want to question everyone else’s level of education that votes differently than you, but yet you don’t have the character to provide us with your academic credentials. Are you feeling a little inadequate? Or are you worried about your reputation here being tainted?
Your last sentence doesn’t even make sense. The only squirming going on here is by you, which is why you won’t answer questions or even attempt to acknowledge points that debunk your constant B.S. Anyone can see that here, whether their opinions agree with mine or yours. Instead you love tossing out insulting comments and analogies, like comparing me to a dog, instead of actually posting something of value.
Once again, regardless of how I ended up here, that doesn’t automatically rebut my points of view. You’re spending all your time questioning my motivations instead of the content of what I’ve posted. I think that tells everyone what kind of intellectual lightweight and fraud you truly are. But yet you act arrogant and smug. Talk about delusional.
OK, it’s time for you to respond with something about Drudge and an insulting analogy or two.
Posted by: Slappy | February 26, 2009, 9:03 pm 9:03 pm
“Actually, I’ve resisted posting because of my schedule though I frequent here fairly often.”
We bs’ed for hours yesterday.
This justification is getting sad.
Its ok, Drudge will bring you to a whole new set of people tomorrow.
Posted by: Ryan C | February 26, 2009, 9:04 pm 9:04 pm
I am so sick of this crap!!!! I am furious that my rights are trampled on and that my hard work is punished to reward others who would not take the risks I have or have not prepared for their futures like I have. I am sick of a government who takes my earnings at gun point (can you say IRS) and it just isn’t enough for their appetite. They just spend spend spend spend and then raise my taxes to pay for it. When is America going to stand up and tell these elected officials ENOUGH!!!!! Yeah I finally own a business after years of hard work I stepped out. For the last 6 years I have taken any profits and rolled it back into the business to hire people and provide better services to my clients. I have not increased my income yet and in fact have taken a hit. Now looking forward it is my hope to earn the magic $250K and when I do under Obama the messiah, I will pay 39.6% in Federal, 6% in State, 15.3% in SS/Medicare (because I am self employed) for a grand total of 61% in TAXES!! I am supposed to feed, clothe, shelter and provide a life for my family, and save for my future on 39% of what I work damn hard for?????? And they consider me rich???? For crying out loud!!!! These vultures just sit up there giving it all away to illegals, to those who sit home making babies and won’t work etc. I can scream all I want and no-one listens because Americans have become sheep that just listen to the politicians words to tickle their ears and then stick their hands out to get their slice. Well I have news for all of you, the government (DEMOCRAT) freebies are only availble as long as there are workers to bleed out, and at this rate it is just a matter of time you will be living in a western version of Russia. Mark my words if you don’t wake up and hold these people accountable we are all going to experience the life of a socialist/marxist and your life will not be better, everyone elses will just be worse. And as for that free healthcare….BS!!! Nothing is free and the only way they will try to control cost is by cutting services, accessibility, quality of care, technological advances and their delivery system will be one giant beauracracy. Ever try to call a government office about anything and hang up thinking what wonderful efficient experience it was? I doubt it, yet this is who you want to handle the healthcare of your family in their time of need? YOu are out of your minds. Someone stand up and stop this runaway train in washington please!!!!! I know I am not alone in my thoughts, but someone has got to organize opposition and we need it now. Peaceful, lawful, AMERICAN opposition NOW!!!!!
Posted by: Ted | February 26, 2009, 9:05 pm 9:05 pm
I say waterboard Rasputin (Cheney)! It is NOT torture!
Posted by: tom | February 26, 2009, 9:05 pm 9:05 pm
Just as an aside, you know it’s bad for Obama when Chris Matthews, ubber Obama lover, complains about the spending.
Hardball was a riot the other day. Chris was ticked off and compared Obama to Barney Fife. He said Obama is helplessly clueless about the economy.
Posted by: Peach | February 26, 2009, 9:05 pm 9:05 pm
This deserves re-posting:
We have all seen this very simple description of the tax system, but a reminder seems to be in order.
Suppose that every day, ten men go out for beer and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.
So, that’s what they decided to do.
The ten men drank in the bar every day and seemed quite happy with the arrangement, until one day, the owner threw them a curve. “Since you are all such good customers,” he said, “I’m going to reduce the cost of your daily beer by $20.” Drinks for the ten now cost just $80 total.
The group still wanted to pay their bill the way we pay our taxes so the first four men were unaffected. They would still drink for free. But what about the other six men – the paying customers? How could they divide the $20 windfall so that everyone would get his ‘fair share?’ They realized that $20 divided by six is $3.33. But if they subtracted that from everybody’s share, then the fifth man and the sixth man would each end up being paid to drink his beer. So, the bar owner suggested that it would be fair to reduce each man’s bill by roughly the same amount, and he proceeded to work out the amounts each should pay.
And so:
The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 ( 25% savings).
The ninth now paid $14 instead of $18 ( 22% savings).
The tenth now paid $49 instead of $59 (16% savings).
Each of the six was better off than before. And the first four continued to drink for free. But once outside the restaurant, the men began to compare their savings.
“I only got a dollar out of the $20,” declared the sixth man. He pointed to the tenth man,”but he got $10!”
“Yeah, that’s right,” exclaimed the fifth man. “I only saved a dollar, too. It’s unfair that he got ten times more than I!“
“That’s true!!” shouted the seventh man. “Why should he get $10 back when I got only two? The wealthy get all the breaks!“
“Wait a minute,” yelled the first four men in unison. “We didn’t get anything at all. The system exploits the poor!“
The nine men surrounded the tenth and beat him up.
The next night the tenth man didn’t show up for drinks, so the nine sat down and had beers without him. But when it came time to pay the bill, they discovered something important. They didn’t have enough money between all of them for even half of the bill!
And that, boys and girls, journalists and college professors, is how our tax system works. The people who pay the highest taxes get the most benefit from a tax reduction. Tax them too much, attack them for being wealthy, and they just may not show up anymore. In fact, they might start drinking overseas where the atmosphere is somewhat friendlier.
For those who understand, no explanation is needed. For those who do not understand, no explanation is possible.
David R. Kamerschen, Ph.D.
Professor of Economics
University of Georgia
Posted by: guyinbar | February 26, 2009, 9:05 pm 9:05 pm
It is amazing the level of ignorance displayed by the people who want want want from the government. Without the people who produce providing you the tax supply you want, we all will have nothing. That is the whole point of socialism. The fact that much of the world is socialist does not mean it is a good thing. The socialist countries are “suffering” much more than we are. They have higher unemployment, lower standards of living, and more political unrest.
Posted by: foster | February 26, 2009, 9:06 pm 9:06 pm
“You want to question everyone else’s level of education that votes differently than you, but yet you don’t have the character to provide us with your academic credentials.”
I never once questioned someone’s education level.
I question their level of intelligence.
“Are you feeling a little inadequate?”
No, are you? I mean you have the gun and big SUV right. No overcompensating there.
“Or are you worried about your reputation here being tainted?”
I have a rep here that could be tainted?
Does that mean the rep is good then?
Posted by: Ryan C | February 26, 2009, 9:07 pm 9:07 pm
Ted there is a force out there growing. It’s called the Fairtax.org people. Look them up. This is an outstanding proposal. It may not be perfect, but it’s better than the IRS.
Posted by: Speedy | February 26, 2009, 9:08 pm 9:08 pm
Once inflation hits, due to the stimulus and bailouts, $250K annually won’t be as high as you think.
Posted by: AT | February 26, 2009, 9:10 pm 9:10 pm
The late Pope John Paul II said in a speech that UNBRIDLED Capitalism is worse than Communism. But then what would he know, he had lived under both.
The pendulum swings both ways and is now going from UNBRIDLED Capitalism to Socialism. A truly resourceful person could survive nicely under either.
Posted by: tom | February 26, 2009, 9:10 pm 9:10 pm
Most small or medium employers that provide jobs can manipulate their income. Buy an extra service truck for bonus depreciation, go to trade shows in Vegas, association meetings somewhere nice. They aren’t going to bust their butts and happily pay the taxes. If they actually survive the credit crunch they will maximize their income. They are not the Kennedy family that has the luxury of getting special tax breaks just for them. The mid level guys were smart enough to make it, they will be smart enough to keep a lot of it. When taxes are low they don’t bother, raise the taxes on these guys, they will pay less.
Posted by: geek1 | February 26, 2009, 9:12 pm 9:12 pm
“Obama never promised “not to raise taxes”..”
In fact he campaigned specifically on raising taxes on the rich.
And the rich voted for him by a decent margin.
Posted by: Ryan C | February 26, 2009, 9:12 pm 9:12 pm
Since consumption AS A PERCENTAGE OF INCOME declines as income increases the so called ‘fairtax’ is a giant gift to the rich.
Posted by: tom | February 26, 2009, 9:14 pm 9:14 pm
“The late Pope John Paul II said in a speech that UNBRIDLED Capitalism is worse than Communism. But then what would he know, he had lived under both.”
Ssssssshhhhh religion only appeals to right wingers when condemning gay people.
Posted by: Ryan C | February 26, 2009, 9:14 pm 9:14 pm
Hey, I’m a Drudge reader, I love the O-Man. I’m getting ready to retire and all of my $$$ is in cash or non productive or taxable assetts. I have enough to live til 90 even if I don’t put any of it into play. I’m not going to invest any because the interest income would mess with my SS and benefits. Quit picking on O-man because I’m going to get my benefits. I’ve been productive all my life, now I can ride for free.
Posted by: geek1 | February 26, 2009, 9:23 pm 9:23 pm
We are over regulated and overtaxed. Start the revolution now!!
Posted by: AoMo | February 26, 2009, 9:25 pm 9:25 pm
“Laugh your fanny off you “enlightened” fools. Laugh when your children and grandchildren are forced to live at a lower standard of living so we can “share the wealth”. You’ll be so glad you voted for those who wish to economically enslave you. You can comfort yourself with the thought that you stuck it to the rich.”
We should laugh.
A right winger is screaming about economic enslavement because the taxes of the wealthiest Americans are going to go up.
That’s a laugh riot.
Posted by: Ryan C | February 26, 2009, 9:27 pm 9:27 pm
Hey, does it matter, if you listen to the President – its other peoples money.
When did America start caring about the other guy.
Posted by: Kevin | February 26, 2009, 9:31 pm 9:31 pm
Ryan C: “Iceland, Norway, Canada, Australia, Ireland, The Netherlands, Sweden, Switzerland, France, Finland & Denmark.
Each of these countries has a higher standard of living that us and are considered socialist by right wingers.
Basically these countries have systems in place that are similar to what Obama proposes which you guys are calling him a socialist for or even farther to the left.”
LOL. More lefty propaganda. Let’s review the state of those countries today, shall we?
Iceland: Government collapsed; recession; riots (almost daily)
Norway: Recession; riots
Canada: Recession
Australia: Recession
Ireland: Recession; riots
The Netherlands: Recession; riots
Sweden: Recession; riots
Switzerland: Recession; riots
France: Recession; high unemployment; riots
Finland: Recession; riots
Denmark: Recession: riots
Those “systems in place” didn’t seem to prevent economic damage or civil unrest now did they? They won’t here either.
Posted by: Stacey | February 26, 2009, 9:31 pm 9:31 pm
Many of these comments imply that the earners at the top of the pyramid somehow make such an important contribution that without them we would all suffer. What hogwash, the people at the top are at the top of organizations that for the most part they didn’t create. Despite the myth that they provide some special input, the truth is most are nothing special and many others could and do replace them. Just look at the state of business around the world. It’s clear or political and business leaders are failure, greatly overpaid failures. They have conned a large portion of the population that they are special, indispensible, and deserving of the incomes that are hundreds of times what others in their organization earn.
Posted by: Igor | February 26, 2009, 9:34 pm 9:34 pm
I am a right wing nightmare, a liberal WITH FACTS!
From the Dept of Labor, Bureau of Labor Statistics
Jan 1981, Reagan takes over, unemployment 7.5%.
November 1982, unemployment 10.8%!
It did not get below 7.5 until May 84!
It was called the CIVILIAN rate of unemployment until Reagan added the military and dropped the CIVILIAN. When things look bad change the yardstick!
Posted by: tom | February 26, 2009, 9:35 pm 9:35 pm
Ryan C I guess you told me!
“Yes because declaration of fascism sans evidence beyond his raising taxes on the rich is the height of intellectualism…..well perhaps right wing intellectuals.”
When the government dictates the means of production that is economic fascism. Taxes are one way of controlling production. Subsidies are another. Cap and trade is another. Do you disagree that Obama’s administration is trying to gain more control of production? Your dislike for my term or the fact that the government has attempted to control companies before doesn’t make my statement less true.
It is not socialism unless he believes the government should own the companies outright.
“By your logic, environmental laws are an attempt to control a company production of pollution.” Ryan, that is exactly what it environmental laws are designed to do. Limit the production of pollution.
Why are illegal immigrants here?
Because they can get job at cut pay with zero rights since they are here illegally. They can be mistreated exposed to dangerous working condition and get paid a tiny percentage of what their labor is worth.
I suppose if the Obama admin sought to cut off this work by coming down hard on employers exploiting these people, you would call him a fascist.”
No Ryan. If Obam came down hard on the employers of illegals I would applaud him.
Remember, the invisible hand of the markets must moral and informed before they can work properly.
Unbridled capitalism will not work in the absence of morality and information. Do you think Barney Frank et al took a moral stand and informed the public properly when they said Fannie and Freddie were in great shape?
Posted by: n22s | February 26, 2009, 9:35 pm 9:35 pm
“Those “systems in place” didn’t seem to prevent economic damage or civil unrest now did they? They won’t here either.”
The whole world is currently in recession so saying they were in recession was stupid.
No one said they were recession proof.
And the claim of daily riots in Iceland and riots in all those countries was false.
The argument is about their standard of living being higher than ours and that they are socialist countries.
Some of your fellow right wing geniuses claimed no socialist country had a higher standard of living. They were quite wrong.
You on the other hand just lied.
Posted by: Ryan C | February 26, 2009, 9:38 pm 9:38 pm
Now that the anointed one is in office, the only good investments are storable food, guns, ammo and GOLD, in that order. Good luck all!
Posted by: j | February 26, 2009, 9:39 pm 9:39 pm
Dinosaurs are the problem.
Posted by: Jesus | February 26, 2009, 9:41 pm 9:41 pm
Hooray! Obama has a plan which will fix all of you! I’m confident he will wipe our credit and loan history’s and add unemployment benefits and free healthcare for 10 more years. He’s only going to tax the rich, greedy peoples who put money in the stock market and own businesses.
Posted by: Calvin Hobbes | February 26, 2009, 9:42 pm 9:42 pm
“Except the only Bush tax cuts that are going to expire are those for the rich.”
Don’t believe that Obama propaganda. The entire Bush tax-cut package will expire at the end of 2010. When it expires, even taxpayers in the lowest tax brackets will get at least an $800 per year tax increase.
BTW, since the Bush tax cuts went into effect, the rich are paying a significantly higher share of the tax burden, while lower income taxpayers are paying a significantly smaller share or paying no taxes at all.
Posted by: Rich | February 26, 2009, 9:47 pm 9:47 pm
The argument is about their standard of living being higher than ours and that they are socialist countries.
Some of your fellow right wing geniuses claimed no socialist country had a higher standard of living. They were quite wrong.
You have never been to any of these country’s have you? Easy to say you have I guess, but if you had you would know NONE have a better standard of living for the Avg. person, or the poor. We have the richest poor and lower middle class on the planet bar none. I know so do not argue with me on that. I’ve seen it first hand. They still have their rich in these country’s, It’s the middle class that dwindles. Not the rich and not the poor. Stuff you statistics, until you’ve read the internals.
Posted by: thepipedreamer | February 26, 2009, 9:48 pm 9:48 pm
Tax wealth not work. Tax wealth not income. The idle rich do nothing but live off their inheritances. If we taxed wealth rather than income, even the rich would find it paid to work and contribute to the benefit of the country rather than taking from it. Replace teh income tax with a 1% net worth tax.
Posted by: Luke | February 26, 2009, 9:48 pm 9:48 pm
Ted,
You apparently feel that your labour is worth 500 times less than anothers. Maybe you’re right about yourself.
Or perhaps what you really mean is you want the chance to game the system and earn 500 times what other hard working Americans make.
If there is any “taking” from the labours of others it’s by those who truely believe they are entitled to 500 times what other hard working Americans earn. (500x is the difference CEO’s make in relation to the average worker in their business). I think there is economic value to a tiered wage system but it has become clearly unreasonable and unfair, especially in America.
Posted by: Igor | February 26, 2009, 9:49 pm 9:49 pm
The argument is about their standard of living being higher than ours and that they are socialist countries.
Some of your fellow right wing geniuses claimed no socialist country had a higher standard of living. They were quite wrong.
You have never been to any of these country’s have you? Easy to say you have I guess, but if you had you would know NONE have a better standard of living for the Avg. person, or the poor. We have the richest poor and lower middle class on the planet bar none. I know so do not argue with me on that. I’ve seen it first hand. They still have their rich in these country’s, It’s the middle class that dwindles. Not the rich and not the poor. Stuff you statistics, until you’ve read the internals.
Posted by: thepipedreamer | February 26, 2009, 9:49 pm 9:49 pm
And do not forget that Osama didn’t write ONE line of the “Porkulus” Bill.
He never even read it. Pelosi and her cronies had it already written and she ordered him to sign it, which he did.
I’d be willing to be he still has no clue what’s actually in it…
Posted by: Daniel Smith | February 26, 2009, 9:49 pm 9:49 pm
Well, no itemization..means can’t deduct mortgage interest, means the house i thought we would retire in will have to be sold…wow….Obama isn’t giving me any hope…none at all
Posted by: Steve | February 26, 2009, 9:50 pm 9:50 pm
“The entire Bush tax-cut package will expire at the end of 2010. When it expires, even taxpayers in the lowest tax brackets will get at least an $800 per year tax increase.”
The Bush tax cuts expire in 2011 there genius.
And the only ones that will expire are for the top bracket.
The income tax rates for everyone else will remain the same.
Posted by: Ryan C | February 26, 2009, 9:51 pm 9:51 pm
“You have never been to any of these country’s have you? Easy to say you have I guess, but if you had you would know NONE have a better standard of living for the Avg. person, or the poor. We have the richest poor and lower middle class on the planet bar none.”
Yes silly me arguing economic measurements and scientific surveys when all I had to do was make it up.
Its pathetic that we are by far the richest country in the world.
That we are the economic engine that drives the world economy and our standard of living is not even in the top 10.
Posted by: Ryan C | February 26, 2009, 9:54 pm 9:54 pm
“You don’t have to take my word for it.”
I didn’t. I checked. Which is why I called you out.
“Just Google the country names and “riots”.”
Iceland, Bulgaria and Latvia had riots.
Iceland is not having daily riots.
France certainly has riots though they vary in cause.
But the rest? Nope.
Posted by: Ryan C | February 26, 2009, 10:01 pm 10:01 pm
Sam Adams formed the Committee on Correspondence. He developed legal and extra-legal methods to resist and disrupt tax collection.
Posted by: Mace | February 26, 2009, 10:02 pm 10:02 pm
The problem isn’t higher taxes. The problem is the belief that we can tax and spend our way to prosperity.
With the service on our national debt consuming more of our budget, with our Social Security and Medicare liabilities threatening to consume virtually all of our budget in coming years, with the Chinese balking at buying more bonds, our children will be economic slaves.
It won’t be taxing the rich that will do it. It will be decades of tax and spend policies of Republican and Democrats that will enslave our kids.
Posted by: n22s | February 26, 2009, 10:03 pm 10:03 pm
Mark…..very true! But it’s actually only until next year that we have to wait to dump 2 of the Triad of Evil.
Congressional elections are in 2010, so Pelosi and Reid will be gone!
Republicans WILL take back Congress and then Obama will be totally lost with no one there to tell him what to do.
I have a strong feeling that with so many pissed off Americans, we will have no trouble getting rid of the debacle that is the failed Obama presidency.
I just want these Democrats prosecuted for their attempts to subvert the US Constitution and our system of Laws.
If Democrats actually paid their taxes, see Obama’s Cabinet…..they would be mad too. But alas, they are the beneficiaries of the Welfare State they want the US to be.
Posted by: Daniel Smith | February 26, 2009, 10:03 pm 10:03 pm
Memo to Dems-
OK, so now you want increase taxes on the people in the 5% of taxpayers who earn $250K and up category even further than Obama originally proposed and on small business owners and on big businesses. What a surprise.
There are 135 million people working and paying taxes in the United States to support the other 168 million citizens (and the millions of illegals). Of those 135 million, 6.7 million are in that 5% group you are so intent on taxing further. Those taxpayers paid $616 billion in taxes last year. The other 128.3 million people paid the other $407 billion collected in personal income taxes. If you increase taxes on the 5% group to the levels Obama proposes, the government will collect another few hundred billion in taxes. This is less than half the current budget deficit for this fiscal year. This is less than half the real cost of the stimulus bill- after adding the cost of the debt to finance it. And, this assumes there will be no reduction in the total amount of income produced by these taxpayers. Suppose they stop working, sell assets, move to another country, shelter the income to protect it from the IRS. In fact, even if you increased the tax rate to 100% and confiscated every dollar of income from these taxpayers, the government would collect less than half the sum of all the bailouts and stimulus spending. These taxpayers already pay 60% of taxes in this country and despite being vilified by Obama, the press and the Dems, they will be paying more. Even with that, Obama’s numbers do not add up. To sell his plan Obama is resorting to classic politics. He, the Dems in Congress and the media chorus are working day and night to paint these taxpayers as villans and paint their socialist economic program as “pro middle class.” Nothing could be further from the truth when in fact they are stealing our opportunity for prosperity and ensuring an even lower standard of living for children and grandchildren.
So here’s what you need to ask yourself:
1. Who signs my paycheck and how will this tax and economic plan affect their ability to keep paying me?
2. If these people can’t pay me and the other companies in my industry are laying people off and closing too, who will sign my paycheck once my unemployment checks run out?
3. With higher business taxes here, why would more factories and businesses not move out of the country- China, Mexico, India, you name it -creating more unemployment?
4. Why would a foreign company set up operations here-just to pay more taxes?
5. Why would small business entreprenuers take the risk of borrowing from friends and family or mortgaging their houses to start new businesses and hire people- just to be taxed more as both a company and an individual?
6. When industies get nationalized, competition between companies is eliminated and that creates job losses. With the banking and financial sector first and healthcare on the way, which industries are next and how many more jobs will this cost?
7. The government has the power to impose a minimum wage. It recently created a benchmark for a maximum wage in nationalized companies and through taxation is creating an effective cap on earnings. Do you really want the government telling you how much you can make?
8. The stock market is down 15% since Obama took office dropping further with his every pronouncement. As an individual investor, why would you keep you money in this market? What will that selling do to the value of stocks in the next year?
9. Since they know that the market is declining, unemployment is increasing, business is slowing further and that they will be be hit with massive tax increases, why would small investors and small business owners not just sell off their assets and transfer the money out country? Why stay not sell their businesses now before the new higher tax rates take effect?
10. What will these conditions ultimately do the value of the dollar bills in your pocket?
11. If in addition to these conditions, the Obama government keeps printing money to pay for new government spending, what will that do to the value of the dollar bills in your pocket?
12. If you are foreign holder of those dollars or dollar investments, why would you buy more of them vs. selling?
13. With more factories gone and the blue collar jobs gone with them and more white collar jobs outsourced and more small businesses closed and foreign governments unwilling to buy Obama dollars, what will happen to the currency? What will happen to the nation?
You are being lied to. The Obama plan provides no incentives for business investment, no incentives for entreprenuerial initiative and as a result, it will worsen unemployment, shrink the size of the middle class and undermine the foundations of our entire economy.
There are no socialist economic success stories anywhere in history. Speding money we don’t have is the way we got into this mess. Doubling down isn’t the way to get out. Government spending has to be reduced, not increased. Government needs to exit businesses and promote competition in industries not take them over. Tax rates have to be decreased-for all Americans -and tax incentives have to be created for businesses to invest. That is the only way to create sustainable job growth and the resulting economic prosperity.
The best way to head off Obama’s destruction of the middle class is to speak up: inundate the White House, your congressmen and senators, your governors and state representatives with your opinion. Light up their switchboards and inboxes and let them know they will not get your vote unless they change course.
Posted by: Aurora27 | February 26, 2009, 10:11 pm 10:11 pm
I’m moving to Mexico, where the entrepreneurial spirit still lives among those cheap enough to bribe
Posted by: pmoyes | February 26, 2009, 10:17 pm 10:17 pm
“There are no socialist economic success stories anywhere in history.”
Ireland.
Posted by: Ryan C | February 26, 2009, 10:18 pm 10:18 pm
Most of you complaining are just spoiled Americans. Getting too fat paying a less tax percentage than the majority of Middle and Lower Income families must be nice. We should all be taxed the same tax rate regardless. Let me know how it feels when you get laid off and you have to accept a job at a 3rd of what you used to make because that is all their is. I DID. Unfortunately, the rich rarely have this happen to them. It is the lower income that are hurting and if there is a revolution, it will be from the people in the streets that are now homeless and hungry. The rich will still be driving their big SUV’s feeling good about themselves looking down on the lower income even while paying more taxes than they did before. The lower income been paying their taxes with no itemized deductions for a while now. And, now they are unemployed and angry.
Posted by: Ric | February 26, 2009, 10:19 pm 10:19 pm
The Bush tax cuts will expire. Everyone who pays taxes will pay more. Those who don’t pay taxes will get more of both mine and your hard earned money.
This is how I explained it to my daughter. If you were paid $100.00 to dig a hole 4 x 4 x 4 would you do it? She said yes. I then asked? If when you finished digging the hole would you give $98.00 dollars to the guy sitting under an umbrella, sipping on a cold drink, watching you dig that hole. Leaving you only $2.00. My 13 year old said HELL NO… Why do I have to give my hard earned money to those who can work, but will not work? I work any where from 40 to 55 hours a week. That is my money I want to use to benefit my family, not some one who drinks beer all day.
Let me ask you this. When these rich people get taxed even more than they already pay will you get a pay raise? When they stop spending all that money they have will you get a pay raise? By taxing them more did you receive any benefit? Your answer to all of those questions is NO. You need to wake up. Yes there are some rich people out there. They are the one’s that provide the jobs. If you tax them out of business, then you my friends are going to be out of a job.
It is time to deport the illegals, cut taxes and stop spending all of our hard earned tax money.
Posted by: Tim | February 26, 2009, 10:19 pm 10:19 pm
Personally, I think we need to abolish the income taxes all together. There are the US drug lords that don’t pay any income tax, so how about setting up a 1% national sales tax, this was even the drug dealers, trafficers and lords pay something for taxes to the Federal Government. I’m pretty sure that would bring in a lot more than an income tax system that allows someone to not pay because they don’t have a LEGAL job.
Posted by: Keith | February 26, 2009, 10:20 pm 10:20 pm
Remember in the 90s when we taxed the rich? One way we did it was a huge tax on “yachts.” Well I live in South Jersey and many of my friends lost their jobs at places like Egg Harbor and Viking Yacht because people stopped buying boats in this country. Instead they bought them overseas and avoided the taxes, but the lower middle class boat builders went to the poor house. Go ahead and tax the rich, then see how many rich people we have when you are done.
Posted by: William | February 26, 2009, 10:25 pm 10:25 pm
WOW, why not title the article “Huge tax hike: $10 trillion over the next 100 years”, or “$100 trillion for the next millennium” ?
Perhaps that sounds worse.
Also, the $338 billion (Bush tax cuts expire) is not “new taxes”, rather “old taxes”.
As a disclaimer you should say if you will personally be impacted.
Posted by: John | February 26, 2009, 10:29 pm 10:29 pm
Those who worry that the rich will stop hiring people if have to start paying their fair share of taxes don’t know much about how business works. A business doesn’t hire someone because they have extra money and need to get rid of it. The only reason a business ever hires someone is because they have a customer who will pay more for the product than the business had to pay to produce it. If someone is willing to buy, the business will hire. That’s why we need the stimulus bill, no one else is buying right now.
Posted by: Luke | February 26, 2009, 10:30 pm 10:30 pm
Remember< Mr. President,
When you increase the costs of EXPLORING for petroleum, you increase the costs to us, the benficiaries of the dicoveries of additional resources.
It makes me remember the example of the pigs in freezing weather with each one with its nose in the rear end of the one in front of it. It may be warm in the front but the heat is going out of the other end. That is a heat loss as some of the energy is used in the process of warming its butt. It costly to explore, produce and distribute product. It aint all profit.
Posted by: A Good Citizen | February 26, 2009, 10:30 pm 10:30 pm
How about Mr Obama’s appointees to government positions, pay thier fair share of taxes before they go raising taxes on everyone else.
Posted by: Frank Car puck | February 26, 2009, 10:34 pm 10:34 pm
Stacey,
Is this how we argue now? Simply placing “riots” next to the countries name along with “recession” and we are all supposed to stop in our tracks and go “hmmmm?” Just because you say Holland is having riots, Switzerland is having riots, and all are in a recession does not mean that it’s because of socialism…*gasp*. All those countries are still tied into the Global Capital market…so you could list off every country in the world and say they are in a recession, because it is global. Iceland’s Gov broke down because of bad investments in the global market, their bubble burst.
The riots you speak of, did you just simply look at the word riot in relationship to the country and then stop reading?? If you actually looked into it, nearly every one of those riots are due to racial, ethnic, and immigration problems. They go much deeper than socialism..btw, we have had our fair share of racially motivated riots.
Posted by: Wil | February 26, 2009, 10:36 pm 10:36 pm
Luke
The error in your assumptions is that you are assuming that there will be any businesses left in the US for customers to go to buy US products. I already know of two mid-size business owners who told me this afternoon that they are going to move their operations across the border into Mexico. They are not concerned about any Obama sanctions because they are retargeting to a larger market in Europe. There is nothing in this bill that promotes business. Nothing. It’s all anti-business and all social re-engineering BS.
Posted by: Mark | February 26, 2009, 10:37 pm 10:37 pm
guyinbar:
sure do wish everyone understood taxation like you.
Posted by: GW | February 26, 2009, 10:40 pm 10:40 pm
Mr. Obama,
You are methodically destroying capitalism just like you have planned all along. This country is at the beginning of the end. Our children and their children will never know the life we knew.
It grieves me to see our country being destroyed this way. And, by a community organizer at that.
Farewell capitalism…hello socialism.
Farewell Comrades!
Posted by: ATA | February 26, 2009, 10:42 pm 10:42 pm
Hey, I heard that Nancy Polosi slipped in a last minute bill to save the dinosaurs in the Tar Pits in Los Angeles. Is that true?
Posted by: Mark | February 26, 2009, 10:44 pm 10:44 pm
Frank……Wake up!
They are Democrats! Laws don’t matter to them, they are exempt.
Right Libs?
Tax Evasion, Fraud, Perjury…….they are fine if you have a DNC card……
Call Nancy to get yours!
Posted by: Daniel Smith | February 26, 2009, 10:45 pm 10:45 pm
FACT – Obama’s program returns the US back to the tax rate this country had under Clinton.
FACT – In the 90′s, all of the “talking heads”, CNBC, GOPers declared that this would “kill the USA” and destroy the economy.
FACT – The “Bush Tax Cuts” did NOT increase job creation, or deliver any reductions to the federal deficit.
FACT – Before Reagan, under Democratic and Republican Presidents, the tax rate for the “wealthiest among us” was greater than 40%. In some cases as high as 70%. This was in the “good times” when America was the land of the free, and the “Golden Age”.
FACT – Yes, Kennedy lowered taxes, but he lowered them to a rate which is HIGHER than the rate proposed by this program.
NET-NET… Obama is NOT a socialist, and not trying to “destroy this country”. FDR, Teddy Roosevelt, Truman, Nixon, Kenndey were not socialists.
All he is trying to do is return the country to where we were when times were good, and when there was a MIDDLE CLASS.
Posted by: Tom | February 26, 2009, 10:48 pm 10:48 pm
“People are only wealthy because they want to be. Poor people are poor because they want to be.
Here in America, it is proven over generations that hard work and education and drive can and will produce success.”
Yep that is all it takes alright, cause exploitation doesn’t occur in capitalist societies. I’m not saying that the US isn’t loaded with opportunity but that opportunity is not equally accessible for everyone. Do me a favor, go into the ghetto, and find that 13 year old kid whose running drugs for the local gang, living his life knowing his next day may be his last, who can’t get a decent education because the state would rather divert most of it’s education funds to weathlier communities, and has known of no other way of life. His single mother, raised in the same environment, has to work 3 jobs just to make ends can’t even afford to leave the ghetto. Now, tell this kid, in fact gather all around and tell them that if they got off their asses and really wanted to, they could be as rich as they want to be…I’ll be looking for your obituary.
Posted by: Wil | February 26, 2009, 10:49 pm 10:49 pm
how much could we take in if illegal mexican immigrants paid their medical bills for their BABIES and no food stamps and section 8
mr wayne
Posted by: wayne goodin | February 26, 2009, 10:51 pm 10:51 pm
Come on people, corporations don’t pay taxes, it is an expense that gets passed onto consumers. The US Gov’t earns more money per gallon of fuel sold in the US than the oil refiners do. That tax is paid by you at the pump.
Posted by: William | February 26, 2009, 10:52 pm 10:52 pm
For all of you who are claiming that…
“Mr. Obama you are destroying capitalism”…
How do you explain that before Reagan, the tax rate for the highest earners in this country were greater than what is proposed here?
This progressive tax rate is what CREATED the productivity and greatness fo this country… a vibrant middle class, good wages, quality of life.
Reagan’s “Voodoo Economics” view of the world is not capitalism, and is not reflective of what this country was and has been before his reign.
Posted by: Tom | February 26, 2009, 10:53 pm 10:53 pm
This is to all the idiots that voted for the Great Obama. I hope this country can survive his term in office. After four years this will not be the same country my ancestors founded and built with their sweat an blood. He wants to give everyone everything they wish for. He wants to play Santa Clause. Why did the founding fathers come here in the first place? They were tired of the crap from Europe. Now you liberals want us to be like Europe? I don’t. SO WHY DON’T YOU JUST MOVE THERE. Free Medical,Union membership required for a job, no guns for self protection and higher unemployment than here. Why are so many states in the union BROKE? To many Giveaways and high Taxes. Why are so many of you Yankees moving to Texas where there is low taxes and jobs? This same thing happened under Jimmy the Worthles. Bus loads of you Yanks came here and wanted to implament the same crap here that you were leaving, AMAZING. Now Obama wants to tax our business to the max in an effort to become energy independent. Yes I am in the oil busines, one of the most taxed business in the US. I am not EXXON but we have laid off about 35 people becase of cheep oil. One oil well will cost $750,000 to drill 5280 feet. If it is a dry hole we lose it all. Under the Obama tax plan we will NOT drill as many new wells per year and when gas gets $5 a gallon ENJOY. Hope that solar panel kit works when you put it on your car!! Don’t forget Obams’s CAP and TRADE Bill that will cost you more for your electric bill. That TAX is coming with a 700 Billion year cost. And My Friends That Tax Will be passed on to EVERYBODY. SOME OF YOU MAY FREEZE IN THE DARK..
Posted by: J.R. Ewing | February 26, 2009, 10:58 pm 10:58 pm
Hey, I heard that Nancy Polosi slipped in a last minute bill to save the dinosaurs in the Tar Pits in Los Angeles. Is that true?
**************************************************
Unfortunately, that’s true, and Pelosi at her bipartisan worst. Those GOP dinos are headed for total extinction and should be left to their own self-destruction. They’re self-destructing from their inability to adapt to changing times and insistence upon relying on the reptilian area of their brain, rather than the frontal cortex.
Posted by: kat the real one | February 26, 2009, 10:58 pm 10:58 pm
OK so we have the top 10% of the country sitting on billions of dollars and what are they doing to help the economy? Taking their money out of banks.Ask any other person like the college kid trying to get thenselves through college, or the mother that was laid off in the last year what they would do with just $1,000 and they’ll simply go spend it and put it right back into the economy… yeah the poor want tax inceases for the rich because the poor have things that they will do immediately to benefit the entire country
Posted by: lg | February 26, 2009, 11:00 pm 11:00 pm
Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy. – Winston Churchill
The American people will never knowingly adopt socialism. But, under the name of ‘liberalism,’ they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.
- Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948
Posted by: Tusk | February 26, 2009, 11:01 pm 11:01 pm
@William: Between 2002 and 2006 Illegal immigrants generated over 1 billion dollars in tax revenue for the US government.. Oh and Illegals can’t get section 8 keep blaming it on those “damned dirty immigrants” And if I remember correctly this entire nation except for the few natives we didn’t slaughter were actually immigrants.
Posted by: EHarold | February 26, 2009, 11:02 pm 11:02 pm
I’m sorry, I couldn’t pass this one up. Pinging on Ronnie Reagan is like P’n on John Wayne’s cowboy boots.
Before Reagan we had another socialist, Jimmy Carter, and the worse economic conditions I can remember until Obama topped him today. So, if you’re using Jimmy Carter as an example of economic prowess. Oh boy. That’s rich (no pun intended). Night night.
Posted by: Mark | February 26, 2009, 11:03 pm 11:03 pm
Liberals are just mean people hiding their true bigotry and hatred behind the cloak of good intentions. They know nothing of basic economics, fail to learn history when and if its taught, and are generally unwise directionless people who pretend they are not but we all see it. I read these comments and shake my head at the gushing stupidity on display. Non-liberals (aka sane people with common sense) learn from history and we have been watching. One day, sooner than you imagine, we will be the ones in charge and the whining and crying of the faux-human-liberal will be finally be ignored for the good of all mankind.
Posted by: The Anti-Liberal | February 26, 2009, 11:04 pm 11:04 pm
The American people will never knowingly adopt socialism. But, under the name of ‘liberalism,’ they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened.
- Norman Thomas, U.S. Socialist Party presidential candidate 1940, 1944 and 1948
Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy. – Winston Churchill
Posted by: Talon | February 26, 2009, 11:05 pm 11:05 pm
I think we’re gonna have to sic T-Rex on Kat…
Liberals usually crumble in the face of truth, Justice, and The American Way (thank you Superman).
Who needs a cortex anyway? :)
Posted by: Mark | February 26, 2009, 11:06 pm 11:06 pm
The problem with socialism is that sooner or later you run out of other people’s money.
Posted by: bruce | February 26, 2009, 11:07 pm 11:07 pm
Yah, but they were legal immigrants, Harold and therein lies all the difference…
Posted by: Mark | February 26, 2009, 11:10 pm 11:10 pm
EHarold……All the immigrants you speak of bothered to follow the LAWS of the US.
Remember Ellis Island?
Actually wanting to learn English and be a productive part of this country?
I have NO problem with immigration.
I have a problem with ILLEGAL immigration.
But this just follows the same old truth that Democrats scoff at all of our Laws.
Just look at Obama’s Cabinet. How many tax evaders can he know? I have never known one, yet all his buddies claim they don’t have to pay any taxes at all…..
Posted by: Daniel Smith | February 26, 2009, 11:14 pm 11:14 pm
Why do people think big government is good? When has a dollar taken in taxes returned a dollar in value to its citizens? The benefits of working together and the specialization of labor are the carrots of society…. government is the stick. Why do we want a bigger stick?
Posted by: MSC | February 26, 2009, 11:15 pm 11:15 pm
“the depression occurred because of 3 things: taxes on imports, taxes on american businesses and over-regulation of business.” Have you been sleeping for the last ten years?
Wow…so much ignorance and misinformation throughout these comments. Some of you need to pull out a history book on of these days. You can learn a lot from books…you know those thick things with words in them…made of paper…ahh…nevermind, go back to your reality shows.
Posted by: Jeff | February 26, 2009, 11:16 pm 11:16 pm
How come no one ever mentions the regional disparities in setting income levels? $250k in NJ/NY/CT burbs is enough to make a mortgage pmt, buy gas, pay the daycare providers, put food on the table and take one vacation per yr. In most of middle America, it’s a fortune but the cost of living is 1/4th that of both coasts. Is it fair to keep spending a majority of every stimulus package far from where the capital is raised through taxes??? And the local property taxes are astronomical already, most burbs charge $10-20k/yr alone for a 1800sq ft house!
Posted by: pete | February 26, 2009, 11:20 pm 11:20 pm
Ok, so we’re talking a whopping $636 billion increase in individual income taxes over 10 years or $64 billion per year, for folks making $250k+. These people make about 32% of all income or $4.5 Trillion (out of $14T).
So these poor folks are going to have to give up 64/4500 = 1.4% more of their income. Whoo whee. I see what you guys mean, the world will definitely come to and end…
Posted by: Tom | February 26, 2009, 11:21 pm 11:21 pm
Tom……
“Universal Health Care? Socialism!
“Nationalization of Banks”? Socialism!
and the best….
“Redistribution of Wealth”? Socialism!
Cute monikers by the DNC to try and hide their true beliefs, but that is Obama’s platform and dream for America.
HIS words…..just remember that.
Posted by: Daniel Smith | February 26, 2009, 11:22 pm 11:22 pm
Bottom line is this, in 2010 Congress is up for elections.
Guess who will lose? The Democrats will get spanked by Americans who refuse to allow them to make us all Socialists.
I plan to take part in every “Tea Party” that is being planned around the country.
I don’t think that Liberals realized that we Americans are not as stupid as the people that put them in office.
They thought that just because Democrats follow whatever they dictate, that the rest of us would also.
The are sadly mistaken.
What will Obama do when he no longer has Pelosi to tell him what to do?
When all these Socialist ideals are repealed and we are back on the course of Democracy, will Liberals finally realize that they have to actually work, earn and pay taxes? Fair taxes.
Sure, the tax code needs work, but Socialism is not the answer.
I just hope all these Democrats will finally have to answer for their Treason against the US Constitution.
Posted by: Daniel Smith | February 26, 2009, 11:30 pm 11:30 pm
None of the rich had a problem under big boy Bush, while the rest of the country fell down hard. Obama promised to raise your taxes and is doing that now. Surprised? I don’t think so. If the republicans actually payed any attention to who was running against McCain then you would already know this was going to happen. I am glad. Better than Bush/McCain handing all your money over to other countries and paying fake companies to do ‘consulting’ work in Iraq. Wow. If you could sit back and give Obama a chance and stop with your ridiculing then you might just realize that he’s got the country’s best interest in mind. 4 years you must wait now and we will vote him in agagin. Republicans cannot be Christians. Judge judge judge. God is watching. P.S. Gas is $6 a gallon in Korea..
Posted by: obamarox | February 26, 2009, 11:32 pm 11:32 pm
Who needs a cortex anyway? :)
**********************************************
You and your overly esteemed Republican Party. ; )
Posted by: kat the real one | February 26, 2009, 11:32 pm 11:32 pm
Pete…
If memory serves me correct the vast majority of those living in NJ/NY/CT burbs voted for Obama.
Posted by: Russ | February 26, 2009, 11:34 pm 11:34 pm
No one is concern about the hard working peoples making 30k-70k or below, those are the peoples that pay more tax, the rich want to get richer, and make the poor poorer, those are the people that build this Country, if ceo plus the fat cats did not receive bonus Plus tax cuts they would not have as much money as they do, they need to pay taxes while paying there employee less, the employee or lower paid people did not pay taxes the state or government will file charges and prosecute, but if you are a public figure you get a slap on the wrist, probation (fast eddie) of Chicago and others it is the same for the fat cats in Washington, what would the fat cats do if every small tax payer would not pay taxes just for one(1) day.yes I like the stimulate pkg. because if nothing is done now!!! we want have to worry about our children because it want be a Country to leave to them, and I don’t know why the fat cats don’t want the stimulate bill everything in it we are paying the same thing for them, they are taking our money and has the best of everything but we pay taxes and get the screwed, now we have a mouth piece to speak on our behalf I hope to GOD small people,poor people,and average every day people will wake up and support our President, think back we have never,never,never had a president like President Obama he is for All, All, All the people not just the wealthy as we have seen. (WAKE UP EVERYBODY)
Posted by: Dorothy | February 26, 2009, 11:42 pm 11:42 pm
obamarox…….
Did you just Copy & Paste that from the DNC page?
You are clueless, really.
No one but Democrats are against paying our taxes. (see Cabinet appointees)
What we DON’T want is Socialism. Most Democrats are poor, so they want Free money from those of us who work hard and want to succeed.
Democrats want a hand-out and have no desire to succeed.
Just remember, once all the Republican money is gone, where will Democrats get their hand-outs then?
And no, Obama will not even finish out his first term.
He will be Impeached just as Slick Willy was. Only this time, it will get finished.
The US Constitution is clear and he wants to overturn it and subvert any law that might stand in his way.
Congress will be lost by Dems next year and then his Socialist dreams will die…..
Posted by: Daniel Smith | February 26, 2009, 11:43 pm 11:43 pm
welcome back carter
Posted by: nobama | February 26, 2009, 11:49 pm 11:49 pm
Dorothy: You would add a lot to your argument if you learn the English language!
Posted by: The Skipper | February 26, 2009, 11:50 pm 11:50 pm
Oh, and obamarox……that God is watching bit…..Yes He is!
“Rev” Wright….”God Damn America!”
William Ayers…..Terrorist
ACORN………….Voter Fraud
Blagojovich……….Fraud
Charles Rangel………Fraud
Entire Cabinet……..Tax Evaders
Let’s make sure we get them all, right? Criminals are criminals!!
Posted by: Daniel Smith | February 26, 2009, 11:51 pm 11:51 pm
obamarox….
What are you talking about…”Better than Bush/McCain handing all your money over to other countries and paying fake companies to do ‘consulting’ work in Iraq.”
Obama plans to give 900 million dollars to rebuild Palestine and feed Hamas…literally slappiing Israel in the face. Then he just called for 75.5 billion dollars of spending for the Wars in Iraq and Afghanistan.
Stop being a misinformed liberal idiot. Get out of bed with Obama and face reality….and that reality is we don’t need to give socialism a chance…it is an epic fail. We also don’t need to give a baby murdering, terrorist supporting, and anti-American man named Obama and support.
Posted by: Tim | February 26, 2009, 11:52 pm 11:52 pm
Thanks for the name calling. Just makes me feel all warm inside! I am not asking for a hand out. I work hard, my husband works hard. We own our home. Must I remind you that Bush took us to war. Retaliation from 9/11, sure, that’s a good way to rationalize it. I support our troops but not a pointless money-sucking war. Did you know the war in Iraq was never budgeted for? As for all the contents of the budget(what you call socialism) I am glad to see some action, you should be too. The problem you don’t seem to see is that when there is such a huge line drawn in the sand between the rich and poor, revolts happen….history
Posted by: obamarox | February 27, 2009, 12:14 am 12:14 am
This is about the greatest pile of unamalgameted bull have ever encountered. no ‘publicans complained when bush 43 gave back the surplus instead of spending it on infructure like roads and bridges, and (gasp)schools, then he lied about getting into Iraq. “think of Iraq as a large filling station on a big army base” attributed to a ranking whitehouse staffer in 43′s first yr. in office.
Then came the unbid contracts for about 1/2 trill. to heilfur Hileburton for services not rendered, including 6 army guys electrocuted by sloppy wireing of a swimming pool, and a small 1/2 bil.(584 mil.) for blackwater to kill Iraqi citizens.Now we must not speak of the 1mil. cash “footballs” to pass out to Iraqi officals as demanded”needed by”. All this while my son is putting his on the line for “the security of the “motherland”". So like all good right wing keep about taxes you don’t pay.while the jobs you sent over seas (so you can make another 20% on the bottom line,which increases your bonus, post dated so you can sell the stock and avoid more taxes.)can help bust the unions and then you will only have to pay 2.00/hr for service jobs.
What you forgot is; if the people in the US do not have the money to buy your cheap chinese made crap you won’t be on top no more. Like one person stated here I have my US made food,USmade ammo and US made guns ready for the revolution (see Declareation of Independance)or as you right wingers call it The Crunch.
In closing bush43 gave away more than Obama is spending on the the ressesion pkg. . if you didn’t get as much of the gut pile as you wanted thats your own fault.
Thats my view from the ditch
Thomas M. Caldwell
Posted by: tom caldwell | February 27, 2009, 12:16 am 12:16 am
Was Clinton a Socialist? NO
Obama’s plan reinstates the tax levels under Clinton.
What happened to the economy under Clinton? A projected SURPLUS of $270B + job creation of 24 million jobs.
What happened under Bush? With his supposed “restoration” of capitalism. recession and job stagnation.
Why does this mean Obama’s “destroying capitalism” or engaging in “class warfare”? He’s not.
Every president before Reagan had tax plans at the highest level greater than those under both Clinton and Obama.
Posted by: Tom | February 27, 2009, 12:19 am 12:19 am
Most of you complaining are just spoiled Americans. — Ric,
I can understand that you’re having a tough time, but how in the world do you have any idea who the people are that are posting comments here? Seems more like a drive-by shooting to me, just because you’re angry.
Lot’s of people are having a tough time of it, and it’s going to get worse.
Who died and made you God? — Carla,
You should be asking BHO that question.
Its higher than the US. — Ryan C.,
There you go again speaking in absolutes. How do you qualify your statement?
A complete and total devastation of the oil industry. — Kris Kennedy,
And how is this a surprise. Eco warriors in the Democratic Party have been trying to do this for decades. Now they finally get their chance.
Posted by: JCM | February 27, 2009, 12:22 am 12:22 am
To Daniel Smith –
Is Social Security Socialism?
How about Medicaid?
Was this country a socialist country under FDR? Teddy Roosevelt? Truman? Nixon?
All of those Presidents had tax rate for the top earners at a higher level than proposed under Obama’s plan.
How many times does Obama and Geithner have to say they are NOT for “Nationalization of the Banks” for you folks to let that tired pack of lies go?
When Reagan shut down and took over – i.e. “NATIONALIZED” – certain failing S&Ls did you scream SOCIALISM? COMMUNIST? I think not.
In fact, it’s the fiduciary responsibility of the President to put failing banks into receivership, so that the damage can be contained, and the assets sold off.
Posted by: Tom | February 27, 2009, 12:24 am 12:24 am
Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy. – Winston Churchill — Talon,
That is an excellent quote! Thanks for sharing!
Posted by: JCM | February 27, 2009, 12:29 am 12:29 am
The FDR administration caused a recission within a depression with such tactics. Labour will be happy until mor jobs migrate overseas after protectionist “buy America” plicies are expended, the productive are see no incentive for hard work and achievment, and the obese,diabetic, drug addicts, and smokers are given the same health benefits as healthy humans, thereby providing incentives for socially undiserable behaviour much the same as assisting those who should never qualified for mortgages.
The second great depression is about three years off.
Posted by: TruthfulLiberal | February 27, 2009, 12:32 am 12:32 am
Denmark’s tax rate is 45% on the first 4 million Danish Kroners (about $680,000) and 75% on income above that. What do you republicans have to say about that? Oh they happen to be the happiest country in the World…hmmmm
Posted by: obamarox | February 27, 2009, 12:33 am 12:33 am
So Mr President, let me get this straight. You’re asking the ‘rich’
to pay more in taxes, and in ‘rich’ you mean couples and families earning more
than $250K a year. So the single dad
down the street that runs a drive through espresso stand is ‘rich’.
OK.
If WE’RE supposed to cut our personal
budgets and pay more in taxes, why
don’t you and congress lead by example?
Why do WE have to cut our expenditures
and make do with less when all YOU’RE doing is spending money you people don’t
even have?
Ohhhh, that’s right…do as I say, not
as I do. Got it.
Posted by: Obamanomix | February 27, 2009, 12:36 am 12:36 am
obamas model will be a failure. It has been proven in the past.
It sounds good, take those rich guys money and spread it around.
Big problem, the rich guys who provide the jobs will take there money and go home.
Good luck to you all!
Posted by: mark | February 27, 2009, 12:38 am 12:38 am
Hold on……it was Liberals whining about the S&L bailout, wasn’t it? Oh wait, that whining is justified coz it suits you…….
Name me one time on the history of the US where we had Socialized Health care, and explain in detail how well it worked.
Why do Socialist nations send their people here for the complex cures and procedures?
Name me ONE Socialist nation, that has had that form of Government longer than our Democracy. And then list all of the ways that nation is superior. And list for us the number of people emigrating to that nation because of Socialism.
I think if you check the facts, no one wants to move TO a Socialist nation, but move FROM that form of government.
Posted by: Daniel Smith | February 27, 2009, 12:43 am 12:43 am
I don’t care that Obama is raising taxes. I am going to make the same amount of money. I own my own business and I will pass the money I lose because of higher taxes to my employees and customers. I will cut pay, hours, and eventually employees themselves. Im not that concerned because I will just work harder. I can not say the same for my employees who Obama just layed off. Hopefully hardwork will prevail over lazy socialists tax policies.
Posted by: keith | February 27, 2009, 12:43 am 12:43 am
I remember the good old days. Chenny shooting lawyers, Junior lowering taxes to boost the economy. Those were the days. No bid contracts, what an “American Ideal” come true. Skate boarding, snow boarding and water boarding we had it all. We could ignore Katrina and give Big Oil 84 billion or so in tax breaks to say they were looking for oil. The donut hole, wow what a concept.
Now with the Bamanation in office, he has singlehandedly, bankrupted the BIG Three and the nations banking system. Thrown millions out of work. Retroactivly forced millions of home foreclosures. All in under 40 days in office. Gee,I’d like to go back to the good ole days of 4 bucks a gallon gas and an under 8000 stock market. Timothy Leary was my first guru, now its Rush.
Posted by: Old Guy | February 27, 2009, 12:44 am 12:44 am
You actually think that Republicans and Democrats are different HAHAHA Keep fighting while they all continue to screw us . You’re doing just as they all planned.
Posted by: Sily People | February 27, 2009, 12:45 am 12:45 am
I cannot believe how narrow-minded Obama voters are. I thought they were supposed to be the tolerant I thought they were the unifiers. They are not. Listen to them. They hate others who have more than they have. They separate people based on income, race, age, etc. They want to impose their way of life on everyone else. And, they voted a man into office who, along with his wife, hates this country.
Obama’s agenda is to fundamentally change our country. In one month, he has begun the stripping away of more of our rights and freedoms than Bush did in 8 years. (And, you don’t even know it yet because, unlike any other president in history, he is hiding it in the stimulus/budget bills.) How could you have chosen this man? How can you allow him to strip away our rights and the rights and freedoms of our children? And, you will just allow him to do this? For what? So, you can get yours? Our great grandparents sacrificed, fought and died so that we could live in a free country. You were able to grow up in a country with certain rights and privileges, but you will deny others of having the same opportunity?
This is a turning point in our country and you are responsible. You own this man. And, history will record the devastating effects, as a result of your choice, this man will have on our country. Of course, that’s if Obama and his supporters will even allows the books to be written.
.
Posted by: EndofUSAasWeKnowIt | February 27, 2009, 12:47 am 12:47 am
don’t forget stock market to lowest level in 12-13 years. yep the change we need:(
Posted by: mark | February 27, 2009, 12:49 am 12:49 am
Here’s a little info on the Obama’s taxes after deductions for the year noted:
2000 AGI of $240,505 – $2,350 to charity
2001 AGI of $272,759 – $1,470 to charity
2002 AGI of $259,394 – $1,050 to charity
2003 AGI of $238,327 – $3,400 to charity
2004 AGI of $207,647 – $2,500 to charity
Reverend Wright’s church seems to have gotten very little in donations from the Obamas during these years.
Posted by: mad | February 27, 2009, 12:49 am 12:49 am
Sorry, that should be income after deductions.
Posted by: mad | February 27, 2009, 12:52 am 12:52 am
Tom: GDP does NOT equal total national payroll, Einstein.
For the same reason we don’t let little kids play with power tools, we shouldn’t let liberals handle our money.
Back to fifth grade for you, pal.
Posted by: slotgun | February 27, 2009, 12:52 am 12:52 am
Obama needs to realize that a family making 250,000 in 2009 is the middle class
Posted by: keith | February 27, 2009, 12:58 am 12:58 am
I think that the business portion of the tax increase is intentionally misleading.
Who ends up paying corporate taxes anyway? Is it the stockholders? I have never had to pay part of some corporation’s taxes because I owned some of their stock. Is it the employs? I have never received an IRS tax bill for profits of the company I work for. Is it the management? No, I’m shooting from the hip on this one and the answer is “not likely”. Well, who is left? That would be their customers by paying the taxes as a cost built into the price we pay for goods and service that they buy from the corporations. Oh, wait a minute, that is for the most part us. Or in the description of tax sources above, “Individuals”.
So, the proposed tax increase for the next tem years is really a TRILLION DOLLARS mostly on individuals.
nunyac
Posted by: nunyac | February 27, 2009, 1:00 am 1:00 am
I’m at a loss for words…
I don’t want to be a disgruntled Dem, but I feel like BHO is missing the big picture. Here are my questions to Him…
How can you punish (by punish, I mean TAX) corporations and expect them to perform better? How does social welfare make people WANT to get jobs? How can you define people/businesses that make over $250k as 95%? How does anyone really measure job creation? Does spending a bunch of money create jobs? Why does Chris Matthews get chills up his leg? I hate to steal from the neocons, but I don’t want the gov to take my grandkids money for these idiotic programs. When Hollywood pony’s up, I will follow, maybe. Let the actors only accept 500k for a movie. Better yet, make a movie on a 500k budget. In the meanwhile…
And how the hell is BHO’s approval rating over 60%. I haven’t met anyone yet that likes the guy. (I hear about them from the news.)
I want to know: Why is the energy sector still the “bad guy”? If the gov’t would relax regulations, I bet there are a bunch of rigs waiting to employ a whole lot of people. The buzzwords around cheap energy, domestic supply, energy independence, etc…. Seems to me that if we quit punishing the oil companies….
Libs like oil. (as long as we don’t live in CA, then we hate America).
Reagan Democrats unite!
If all else fails, just bill John Kerry, and/or take it out of Al Gore’s Global Warming Winnings.
On that note, there are still some of us out there that think it is a hoax. Recall: Global cooling!!!, Ozone Layer!!! et. al.
Posted by: b3 | February 27, 2009, 1:03 am 1:03 am
One last thing, I wish we weren’t half way socialist. Why can’t we just go all the way like europe. At least the so called “rich” there get health care and college paid by the state. In the US it is worse because you pay for these services for the poor and the lazy but do not even reap the benefits of them. Everyone who is poor is already getting all these services for free in the US. Anyone who is smart enough in the US gets enough financial aid for a free higher eduacation. My family had to pay for my college education and then they paid for the lazy poor liberals education too in taxes. This is why I am torn between socialism and the so called capitalism of today. American capitalism is screwing me twice right now, where as European socialism would only screw me once. This is the dilemma of the 21st century.
Posted by: keith | February 27, 2009, 1:07 am 1:07 am
Obama is a total disaster to date. He is a dangerous socialist who is young, inexperienced, and arrogant. Obama is on a power trip that will serve as the nail in the coffin for the economy and perhaps Americas standing as the globes superpower.
Wall Street has spoken. The stock market is destroyed. Wealth is lost. Yet Obama believes that those who work hard and have likely separated themselves from the pack should provide pork to the less wealthly.
If Obama is so warm and generous, then I propose he send his kids to public school in inner Dc (not sidwell friends), give up the cadi limo and drive a hybrid, and exchange airforce one for a ticket on southwest. Practice that which you preach boyeeee!
Posted by: Craig | February 27, 2009, 1:12 am 1:12 am
I must have forgotten my history because I could have sworn that a Republican is the one that got us into the mess we are in at the moment..
Posted by: Um.. | February 27, 2009, 1:15 am 1:15 am
America is dead. Obama and the Social Democrats have destroyed it in less than two months. Just look at California where the Social Democrats have destroyed the economy.
We have become a third world nation overnight and it’s time to break the country up.
All hail AMERIKA, it has arrived!
Posted by: Reality Check | February 27, 2009, 1:21 am 1:21 am
Only fools make Americas debacle a political debate – pitting Republicans against Democrats.
America is a disaster because americans are uneducated and ignorant. I have no sympathy whatsoever for those who overextended themselves and now face foreclosure or bankruptcy.
Why the hell is this political. This is stupid. Take responsibility for your ignorance and suffer. If you suffer enough, you wont screw up again
Posted by: craig | February 27, 2009, 1:21 am 1:21 am
After eight years of spending by drunken sailors of right wing conservatism you now have a complaint?
Who’s going to pay for that hangover?
Posted by: Old Guy | February 27, 2009, 1:24 am 1:24 am
No Umm…. it wasn’t Bush that got us into this mess. It was mortgage lenders and irresponsible home owners living beyond their means. Bush wasn’t telling mortgage companies to give loans to idiots. Let’s see the auto industry. Bush didn’t sink that ship, a bunch of liberal auto workers unions did. The auto unions wouldn’t let pay cuts happen so American car companies couldn’t stay competitive with foreign car companies. It’s funny because foreign companies make their cars in the US now in non-unionized states like Alabama. Ford and GM make their cars in Mexico because the unions wouldn’t budge. The biggest example of socialized unions in the country…Detriot…is the biggest mess and hardest hit section of the country economically. Union’s can’t live with them, wish I lived with out them. I can’t wait until Obama unionizes the whole country in a couple months, that will be fun to watch.
Posted by: keith | February 27, 2009, 1:25 am 1:25 am
Why are they raising anyone’s taxes? These people have lost their minds proposing these additional taxes on our economy. Hand out city to all the losers!
Posted by: MScott | February 27, 2009, 1:30 am 1:30 am
Oh, Europe is socialistic? We do get caught up in a cat’s cradle with labeling around here.
Yawn! I’m long overdue for an extended catnap, along with a bluebird encounter or two. Besides that, these rectangular boxes are a peculiar and confining sort of pen. So ciao.
Posted by: kit kat | February 27, 2009, 1:34 am 1:34 am
Mr. Obama when a community orgranizer started ACORN and they went to banks and broke into meeting and demaned lower APR for low income families to buy homes. This is where it started. In CHICAGO. Clinton stated the reinvestment Recorvey Bill when he was in office to get low APR for home owners with low income it did not get off the ground. Obama got it off and now he is saying he is going to save us. BS He is putting Socialism in and we can do nothing. The Supreme Court will not hear cases on is elibiblity to be president. His father is a Kenyan National as Obama has said in his books websites and in talking with others. His mother was too young. So he is a British Citizen and has no ties to America. You have to have 2 parents born in USA and also you and be 35 yeears of age. He does not meet the requriements to be our President by the 2nd Article of our Constitution. He is a fraud and has committed the biggest fraud on this country we have ever had
Posted by: Marcia | February 27, 2009, 1:37 am 1:37 am
We’re witnessing the final collapse of America. All the bs about America bouncing back in a few years is horsecrap. America has only been rich since the end of WWII. And the reason for that is not because “we’re the most innovative” or some garbage like that. The reason is we have been running off the fumes of war reconstruction interest payments and development aid and also because the world needed to ‘rent’ our military during the cold war to maintain balance and a protective umbrella against aggressive nations. We could sell our products abroad b/c we were the only country in a position to do that. It was only natural since Europe was completely devastated, the rest of the world not yet developed, so naturally the role of int’l banker and industrial giant fell on us since we were the only country left standing. Now that is all changed. The world has come a long way in 60 years. Our time is ending. A new world power structure is emerging in Asia and only discerning eyes can see the situation for what it is. People who have studied history are saying the end of America’s golden age is drawing near. The world no longer needs America’s cash, loans or crappy exports. China has replaced us. Face it. America is no longer needed by the world as it has been for the last 60 years. You are entering third-world status. In 20 years, you will look just like Africa. The smart ones are already making plans to get off this sinking Titanic.
Posted by: James | February 27, 2009, 1:40 am 1:40 am
I wish everybody shut the heck up and stop crying like a littl girl. Bush didn’t do no better, and half you people still supported him. We bearly have jobs, california is pratically broke. Look past your own selfish existance and give the guy a chance. It may work or it may not, instead of complainting why don’t you think of a solution and run for president and fix it. You won’t though why? because you too lazy and you’d rather sit here and complain instead of doing something about it. Everyone is in the same boat myself included, some worst then the others. If fixing the economy was such a simple fix it would have been done already. Some of you can’t even manage your own home let alone a country sit back have a coke and a smile and shut the heck up. Half of these people don’t even want to give him a chance because he black, this is 2009 the world is changing. Not everyone is a racist, some think it’s actually dumb to hate someone and not know why. All I’m saying, yes the economy is bad, yes his plan is unorthodox but maybe it might just work. So just give him a chance and see, you gave bush a chance and he messed up and then you gave him another chance and he made it worse. Good luck to everyone this will all work out.
Posted by: Terrance | February 27, 2009, 1:51 am 1:51 am
Over and over again about his (BHO)status on being a citizen. His mother was 18. Hawaii was a state 2 years before his birth. Article II says nothing about have both parents born in the US. Please remember your history before posting. Really? over and over? America was founded by immigrants. God Bless us, all of us.
Posted by: jubilee | February 27, 2009, 1:52 am 1:52 am
This country is teetering on the brink….time to ammo up.
Posted by: joe | February 27, 2009, 2:27 am 2:27 am
I have come to the conclusion that it is absolutely useless to discuss society with liberals.
They have been so dumbed down by the education system and they dont even know it.
I can tell you this. I just terminated several employees. Not because I had to financially, but because I am planning for the tax increases.
This is what liberals do not understand. People are losing their jobs right now because us evil business owners are not taking this liberal crap anymore.
We will show you how things work in the world when you are all unemployed and begging us for jobs.
By the way, I hired 3 of those employess when my taxes were reduced under GWB.
Posted by: Idiot-Hater | February 27, 2009, 2:30 am 2:30 am
One of the biggest problems in our economy is people like movie stars, sports athletes and ceo’s. They get paid millions like they are all that. None of them deserve that kind of money. It’s not like they’re curing cancer or diseases. I am so glad they will have to pay more. I believe karma will get them in the end, if not in this lifetime but the next, for living so extravagant while the poor people suffer.
Posted by: Buck | February 27, 2009, 2:43 am 2:43 am
Lol, you republicans crack me up. So this is what it’s like living in obscurity. Hope you enjoy your stay. Let me know when you’re relevant again.
Posted by: Golbez | February 27, 2009, 3:03 am 3:03 am
For anyone who missed it, the biggest catalyst for our economic downturn was and is the housing market. Some of you liberals may have heard of this problem with sub-prime loans? The ones that F&F didn’t want to take on to begin with, but Clinton threatened to sue them. Now Socialbama tells us to hate bank executives because they fly in private jets? They run giant, multinational businesses. Them climbing into hybrids is an OBAMINATION. They should make him drive around in a piece of crap Hybrid that causes more problems than it solves. Maybe they can double the failure by making the internal combustion portion burn E85. That’d further ruin the environment, but make all these hippy liberals sleep better at night.
BTW, Obama wasting money on everything he can find and forcing more federal government control over everything he touches wont help the economy. Bush’s tax cuts did. They didn’t fix it, becuase the economy isn’t something that you can turn a knob and fix — though Obama’d never do it even if he could. Like FDR, he’s using the nation’s problems to further his own power. He’s glad to weaken the dollar and preach the end of the world to keep buyers scared and markets low. He convinces idiots like you he can fix the economy by doing it, and it’s an endless supply of power straight to him.
Hitler was elected, too. And he was a socialist dictator who preached class envy. Although liberals get this notion he was a right-winger some how, most of them don’t even understand what conservatism means — they just listen to the drivel in the NYT and think they have valid points.
Rest assured, you don’t. And the NYT stock being worth less than the sunday edition is -comedy-.
Wake up, lefties, and pay a little more attention to what history has taught us, and spend a little less time hating Bush.
Posted by: John | February 27, 2009, 3:16 am 3:16 am
Geez, looking at that, he’s going to drive gas prices through the roof. Four dollar gas is going to look cheap when he’s done screwing things up.
~~~~~~~~~~~
He said he would. He said that he wasn’t alarmed about the price of gas when it neared $4 per gallon, that he only regretted that it has gone up in price so fast. He has vowed to put the coal industry out of business. Why the hell weren’t people listening BEFORE they voted for him?
Posted by: akw | February 27, 2009, 4:19 am 4:19 am
Absolutely nuts. The elimination of itemized deductions alone will cause one heck of a blowback.
This is the most economically inept President we have seen since Carter.
Posted by: George | February 27, 2009, 4:32 am 4:32 am
The cause today – lack of “Bank Regulation” – and not Business Regulation have already been forgotten. Yet it’s the life and blood of this economy that’s being attacked. A derivative of -“The Cloward-Piven Strategy” – at it’s best – you can all kiss this show good-by. I’ve already seen it. With Hillary abandoning Israel – in the next act – the individual State’s will rebel by withhold tax receipts to DC. And the finale can be found in Revelations…
Posted by: rto | February 27, 2009, 5:30 am 5:30 am
He came on a Black horse to save the world, and will destroy it instead. There is a lot of truth in the prediction of “when the US turns it’s back on Isreal the muslim world will see this as the time to attack, and God will save Isreal and destroy her attackers”. May God have mercy on all of us. And what will the US be doin at that time? Trying to get more free bees from the Government of course!
Posted by: Samantha | February 27, 2009, 5:57 am 5:57 am
ROTFLOL, Typical liberal response when no counter arguments can be formulated:
Atlas said:
“Lol, you republicans crack me up. So this is what it’s like living in obscurity. Hope you enjoy your stay. Let me know when you’re relevant again.”
Posted by: Me | February 27, 2009, 6:02 am 6:02 am
Amazing! The clueless uneducated and uninformed gibberish from mostly conservative lunatics. Let me break it down for you:
PART ONE:
AUTOINDUSTRY: Blame the unions????
You know that Toyota offered lifelong employment for workers with very high compensations? You know that 40 % of the superviseryboard of german carmanufacturers are made of WORKERS? And the workers of those companies get paid very good and all the japanese and the german have full coverage healthcare
Posted by: Marty | February 27, 2009, 6:08 am 6:08 am
Bottom line here is not about the economy getting better or how much the debt is,it’s about changing our culture to one of Obama’s vision of Marxism.And it is a race to get all these programs passed before the Amerikan people wake up
Posted by: JB | February 27, 2009, 6:18 am 6:18 am
What I’ve learned in my life is that we really don’t need much to live. Basically you need food, shelter and clothing, maybe a few things that you enjoy that are not expensive if you are smart and frugal, like buying used items. If all the rich people in our country, or the world for that matter would give all their extra money, after their no frills basics are met, to people who need it, then there would be no more poverty and most likely disease in the world. The rich don’t need all the frills and fluff in life like extra cars, boats, trips, jewelery, all that unnecessary stuff. Even pets are unnecessary unless you need to eat them. When you die you don’t take anything with you, not even your body. Greed is the real reason our economy is in bad shape. Greedism breeds greedism. People think they have to keep up with the joneses, so they get themselves in debt and the cycle continues. Our country has become selfish and self centered. If the rich aren’t willing to help the less fortunate, than the gov. needs to make them pay higher taxes. If they don’t like it than they should move to a third world country and see how long they last there.
Posted by: Old wise woman | February 27, 2009, 6:49 am 6:49 am
Welcome to the USSA. United Socialist States of America! Be proud, be a Socialist. Join the Democrat Party!!!
Posted by: kmpk | February 27, 2009, 6:49 am 6:49 am
Old Wise Woman – the rich feed you, cloth you, employ you, keep the homeless shelters open, provide for the foster children, pay the taxes, fund your SS, etc, etc, etc.
It is popular to get a bunch of poor people to hate the rich by stirring jealousy and envy instead of requiring personal responsibility.
This Abomination of a tax increase is a failure of a plan, tax manufacturing, tax the producers more, give more money to the poor, create more energy dependence, and dig yet another hole the republicans will have to come in and fix.
Obama had a choice, be a Jimmy Carter, or a Ronald Reagan, he choose Jimmy Carter. The good news, Jimmy Carter will no longer be remembered as the worst president in the modern era.
Posted by: Dean | February 27, 2009, 7:06 am 7:06 am
@Phil: Don’t use the phrase “unfair income distribution” and then tell everyone to quit using the words marxism and socialism. The whole point of a capitalistic society is that wealth is not “distributed”, it’s spent and earned. If you want to talk about “unfair income distribution”, how about using money people earn through work to pay for inefficient, unnecessary, and failing government programs?
Posted by: DC | February 27, 2009, 7:10 am 7:10 am
I enjoy the quotes by that great economist Sir Winston Churchill.
His widow ended up 100% on public aid
Posted by: tom | February 27, 2009, 7:13 am 7:13 am
Top economist and the CBO (government) are forecasting unemployment of close to 8.6% or over 10% and that does not include the self employed that are out of work or those that have given up finding a job. Projections are more realistically in the 10 – 15% range.
Furthermore, we are facing a tidal wave of inflation or worse, stagflation. When you print billions of dollars and flood the markets with cash and regulation, our dollars will simply be worth less.
Families will make dramatic cuts in their spending, just to feed their kids and pay their rent, spending becomes more guarded… more layoffs!
If you are laid off, the chance for finding a job gets really… really tough!
One fact of Trickle Down Economics” that we know is TRUE! When times get bad and the Fed makes the wrong choices… it is the middle and low income that hurt the most!!! No cash reserves, lost jobs, stagflation, soup lines, increasing crime…
We have been there before, and the record is clear.
Folks, this is not to be taken lightly!!! This administration believes that they are smarter than history and can remain one step ahead of the posse.
Perhaps they can, but eventually it catches you and it will be the 20 – 35 year old’s of today that ultimately pay the MASSIVE costs.
Posted by: Howard Ino | February 27, 2009, 7:21 am 7:21 am
Yes, yes, those wonderful rich people who feed and cloth and employ the poor.
How many did Robert Vesco, Bernie Cornfeld, FRANK LORENZO, Michael Milliken, Charles Keating,Gary Wendt, Kenny boy Lay feed, cloth and employ?
Posted by: tom | February 27, 2009, 7:24 am 7:24 am
The other night obahma that he has faith in america that we will make it. I started laughing, back in the depression it was back breaking workers who turned the country around. and being one of them. I can tell you they are few and far between. obahma am 31 no high school education. and am one that laughs at u over educated lazy people.
Posted by: bluecollar over 200 a year | February 27, 2009, 7:24 am 7:24 am
$5.3 billion – excise tax on Gulf of Mexico oil and gas
$3.4 billion – repeal expensing of tangible drilling costs
$62 million – repeal deduction for tertiary injectants
$49 million – repeal passive loss exception for working interests in oil and natural gas properties
$13 billion – repeal manufacturing tax deduction for oil and natural gas companies
There goes the oil industry and a boatload of jobs.
Posted by: Magnolia | February 27, 2009, 7:27 am 7:27 am
Shameful, 22 billion in taxes on oil over 10 years!!! Pocket change for Exxon
Posted by: tom | February 27, 2009, 7:32 am 7:32 am
So taxing businesses and the citizens more, so the government can give more bail out money to banks, who in turn own the money we barrow to bail them out. WOW, I live in the Twilight-Zone.
My head implodes!
Every minute we keep fighting the “war on drugs”, it takes money away from real law enforcement issues.
Just remember when your car or house gets broken into, or someone in your family gets assault, that “keeping drugs out of people’s hands” is more important than helping you.
There’s only so much money to spend, so keep that in mind how you weight your opinions.
Posted by: Matt | February 27, 2009, 7:32 am 7:32 am
No need for Paul Revere. We don’t need to know when the enemy is coming. They are already here. Obama is rapidly destroying 400 years of wealth building on this continent. Yes Wealth building is NOT a bad word. It is our cities, our highways, our businesses, our homes, everything we have created under freedom and liberty. Carved out of wilderness for the benefit of society. Everything that made millions of people around the world risk their lives to come live here. And nothing that Obama appreciates except power. He is not an American. Birth certificate, smirth certificate. He isn’t an American because he didn’t grow with the love and appreciation we have for our country. They don’t teach that in Islamic schools. The saddest part of this is the media. They spew propaganda that aids and implements their own demise. Fools.
Posted by: ricardo maxwell | February 27, 2009, 7:36 am 7:36 am
After seeing what 8 years of tax cuts for the wealthy does to an economy, you would think people would get it by now. We are in a major recession/depression not because of the month Obama has been in office, I promise you! This collapse started from the top down. First the greedy bankers who made inappropriate loans and then the corporations who took their tax breaks and opened-up facilities in Mexico, India, etc. TRICKLE-DOWN IS ONLY GOOD FOR SHORT-TERM ECONOMIC STIMULATION! Now we need real money to bail us out of this situation. It’s time for the corporations to pay the government back for the free-ride they have had for the last 8 years. Now, take your blinders off (the cold war’s over and Hitler is dead) and do some research on how a few social programs and policies can help the economy and the middle/lower classes. Canada, France, Switzerland, and just about every other Socialist based country seem to be healthier and happier than your average middle class(what’s left of it) American. They definitely live longer, pay less for prescriptions, and are on fewer prescriptions than us. Why? It’s all government subsidized. Oh, my God what a sin! The evil Canadian Socialist’s are going to take over the world. I don’t think so! Pull your head out of Rush’s arse and do some thinking on your own!
Posted by: Ed | February 27, 2009, 7:37 am 7:37 am
All you hear now days. college college college. what is wrong with knowing you want to get in to a trade while your young. starting at it in summers and then doing it after high school. everbody thinks americans are to good to do back breaking work. so we have hispanics do it all. what a joke this country was built by hard working american and that is what it will take to turn it around. And if more crafted americans were builing these houses they might not have lost value so fast. college is not the only way. at 16 kids should get school credits for learning a trade not in some joke of a school but on the feild. i quit school at 16 because i was a plumber since 18 i have always made over 40 thousand and now am 31 and on my 3 year to own a rather succesful plumbing company. america quit being lazy please and we truly can turn this country around. p.s I have been seeing this coming for 10 years not just the last 2 good luck america and may god bless us all
Posted by: lets wake up | February 27, 2009, 7:38 am 7:38 am
It looks like we can’t wait until 2010 to take action. We need action now. Why aren’t more people taking this leftist dictator seriously? Video parodies??? Yeah, that will save America.
Posted by: ricardo maxwell | February 27, 2009, 7:40 am 7:40 am
Dean, I did not say that I want the gov. to pay for my expences. I believe everyone should work hard and take care of themselves which is what I do. Ideally everone should pull their own weight in the world. However not all people are able to for whatever reason. I’m just saying that the rich live with too much unnecessary frills. All that money that goes to those unnecessary frills could help our world so much that it could end possibly all poverty and sickness. And it would make the rich feel good about themselves knowing they are helping someone who in turns helps someone else and so on and so on. In the end, all that really matters is how much did you help others in life, not possessions.
Posted by: Old wise woman | February 27, 2009, 7:42 am 7:42 am
> If all the rich people in our country, or the world for that matter would give all their extra money, after their no frills basics are met, to people who need it, then there would be no more poverty and most likely disease in the world.
A few questions.
1). The money does not belong to you or to “those who need it.” Everyone needs money – some are just better at making and keeping it than others. By what right do you claim to have ownership of somebody else’s money? Why aren’t you giving any extra money you have after paying your bills to homeless people on the street? Will you ever actually practice what you preach?
2) If the incentive to get rich for producing a good or service is removed, guess what? Nobody will do it. People don’t work “for the common good,” including yourself. They work to take care of themselves, and the fact that others acting responsibly and on their own merits for their own gain indirectly takes care of others – providing jobs, paying the taxes, distributing people’s income, facilities, capital, etc. When you, because of your envy, align yourself with the looters and moochers of society against the owners (who provide the jobs for the VAST majority of Americans), you are aligning against what they create – jobs. Why are you against the proliferation of jobs? Are you so stupid that you can’t see this?
3) Have you ever received a paycheck from somebody who makes less money than you do? You need the rich more than they need you, so why do want to eliminate them?
4)You seem to be unaware that the profit motive is what creates the wealth and proliferation of that wealth in the society. The government TAKES a share of the profits – they do not create profits, they do not produce anything, they are not WORTH anything. The government doesn’t “give” you anything that it first did not take from somebody else. Why don’t we tax the poor more – they’re the ones utilizing the vast array of social services provided by the money of “the rich.” Shouldn’t the payment for these many government “services” be paid for proportionally by those who use them the most?
Knock some of that around in your noggin for a while and let us know. Thanks.
Posted by: Good Lt. | February 27, 2009, 7:45 am 7:45 am
Obama wants to break the oil companies, and coal companies, so the next Czar will be a Greenie Czar, that still doesn’t know which “green” source to go with!
We will also see a drop in our kids wanting to be a Dr., since he is hinting at a cut on their wages too.
Then we will have more foreign doctors here, that we cannot understand!
I hate what he is doing to our Country, but he got elected with George Soro’s money and foot soldiers, ACORN!
What we have is a union style, community organizer running the Country.
Posted by: bobc | February 27, 2009, 7:46 am 7:46 am
some leftist posted: “After seeing what 8 years of tax cuts for the wealthy does to an economy, you would think people would get it by now.”
Well there weren’t 8 years of tax cuts and they weren’t for the wealthy.
Tax cuts were in 2 phases 2001 and 2003
* The tax cuts have not substantially reduced current tax revenues, which were in fact not far from the 2000 pre–tax cut baseline and over the 2003 pre–tax cut baseline in 2006;
* The increased child tax credit, 10 percent tax bracket, and fix of the alternative minimum tax (AMT) reduced tax revenues much more than most of the “tax cuts for the rich”;
* Economic growth rates have more than doubled since the 2003 tax cuts; and
* The tax cuts shifted even more of the income tax burden toward the rich.
Posted by: ricardo maxwell | February 27, 2009, 7:46 am 7:46 am
I can not wait until the Bush tax cuts expire and all the middle class sees their paychecks shrink. Maybe, just maybe then they will finally realize that the tax cuts helped everyone and not just the rich.
Also, those tax cuts that you complain about that are only for the rich, also were the reason why people making under poverty level do not pay ANY federal income taxes.
Liberals have no clue what to do. Barney Frank, Chris Dodd, Bill Clinton, Jimmy Carter, Acorn, these are the people that are to blame for this. Liberals should actually read something besides the Huffington Post to get their news. Maybe then they would actually know what is going on in the world.
Posted by: jeland | February 27, 2009, 7:46 am 7:46 am
Mr. Blue…
Pelozi and Boxer fly home in jets every weekend that make corporate execs. jealous…AT OUR EXPENSE! Congress passed a $4,700 “Cost of Living” increase for themselves at the end of last year while we were slipping into “The worst economy since the Great Depression”… their words, sir!
Their 2010 budget has an over 8% increase over prior year, while the value of our homes are falling and more and more of us are losing our homes and jobs!
This crowd is shilling us and middle and lower income PEOPLE will pay the MASSIVE bill! The wealthy have the means to pass the taxes down to us, through increased costs of goods and services, etc. We can’t pass them back up!
CROOKS are everywhere, sir… there just happens to be a higher concentration running our government!
BTW… This is not a football game between Democrats and Republicans… it’s The Political Elite versus OUR freedoms!
Posted by: Howard Ino | February 27, 2009, 7:48 am 7:48 am
In 2000, the top 60 percent of taxpayers paid 100 percent of all income taxes. The bottom 40 percent collectively paid no income taxes. Lawmakers writing the 2001 tax cuts faced quite a challenge in giving the bulk of the income tax savings to a population that was already paying no income taxes.
Rather than exclude these Americans, lawmakers used the tax code to subsidize them. (Some economists would say this made that group’s collective tax burden negative.)First, lawmakers lowered the initial tax brackets from 15 percent to 10 percent and then expanded the refundable child tax credit, which, along with the refundable earned income tax credit (EITC), reduced the typical low-income tax burden to well below zero. As a result, the U.S. Treasury now mails tax “refunds” to a large proportion of these Americans that exceed the amounts of tax that they actually paid. All in all, the number of tax filers with zero or negative income tax liability rose from 30 million to 40 million, or about 30 percent of all tax filers.[17] The remaining 70 percent of tax filers received lower income tax rates, lower investment taxes, and lower estate taxes from the 2001 legislation.
Consequently, from 2000 to 2004, the share of all individual income taxes paid by the bottom 40 percent dropped from zero percent to –4 percent, meaning that the average family in those quintiles received a subsidy from the IRS. (See Chart 6.) By contrast, the share paid by the top quintile of households (by income) increased from 81 percent to 85 percent.
Expanding the data to include all federal taxes, the share paid by the top quintile edged up from 66.6 percent in 2000 to 67.1 percent in 2004, while the bottom 40 percent’s share dipped from 5.9 percent to 5.4 percent. Clearly, the tax cuts have led to the rich shouldering more of the income tax burden and the poor shouldering less.[18]
Conclusion
The 110th Congress will be serving when the first of 77 million baby boomers receive their first Social Security checks in 2008. The subsequent avalanche of Social Security, Medicare, and Medicaid costs for these baby boomers will be the greatest economic challenge of this era.
This should be the budgetary focus of the 110th Congress rather than repealing Bush tax cuts or allowing them to expire. Repealing the tax cuts would not significantly increase revenues. It would, however, decrease investment, reduce work incentives, stifle entrepreneurialism, and reduce economic growth. Lawmakers should remember that America cannot tax itself to prosperity.
Brian M. Riedl is Grover M. Hermann Fellow in Federal Budgetary Affairs in the Thomas A. Roe Institute for Economic Policy Studies at The Heritage Foundation.
Posted by: ricardo maxwell | February 27, 2009, 7:49 am 7:49 am
‘NEW’ raxes????
Bringing back taxes that were previously in effect hardly qualifies as ‘new’. Typical media distortion/spin!
Posted by: tom | February 27, 2009, 7:50 am 7:50 am
$5.3 billion – excise tax on Gulf of Mexico oil and gas
$3.4 billion – repeal expensing of tangible drilling costs
$62 million – repeal deduction for tertiary injectants
$49 million – repeal passive loss exception for working interests in oil and natural gas properties
$13 billion – repeal manufacturing tax deduction for oil and natural gas companies
Wait, I thought the idea was energy independence not repress our own oil companies so we can buy more from the arabs? Has it been four years yet, I am ready to vote now. I hope democrat leaning American have learned their lessons that being blue in modern times is a bad idea.
Posted by: Mike H | February 27, 2009, 7:54 am 7:54 am
Great plan of Obama eliminating all the incentives to drill for oil and gas which will skyrocket the price of oil and gas. Get ready for 10.00 per gallon all you people who voted for a socialist (communist) who is in the process of redistributing your wealth to Saudi Arabia and Iran. Hail to lenin, stalin and Karl Marx.
Posted by: john roberts | February 27, 2009, 7:54 am 7:54 am
Mike,
It depends on what your definition of the word “is”… is!
“Bringing back taxes that were previously in effect hardly qualifies as ‘new’. Typical media distortion / spin!”
If my tax bill goes up next year… you will call it spin.
If YOUR tax bill goes up next year… you will call it “new”!
Posted by: Howard Ino | February 27, 2009, 8:03 am 8:03 am
So, when is the revolt?
Count me in.
Posted by: FJeffery | February 27, 2009, 8:06 am 8:06 am
In regards to Ricardo Maxwell’s comment. Are we in a recession or not? I don’t know where you get your stats but there hasn’t been any economic growth in the last 8 years. I know, I have a job and have seen it for myself. I remember when economists were predicting the eminent economic collapse and the Dittoheads were saying “Oh they’re just a bunch of alarmists.” I remember vividly Bush asking a reporter, “So you’re predicting that gas is going up to $4 a gallon. Within a month it was over $4 a gallon. IT’S TIME TO START LISTENING TO SOMEONE OTHER THAN YOURSELF! You can spout stats and numbers all you want but it doesn’t eliminate the fact that we are in a worldwide econnomic downward spiral caused by the Bush administation. Besides, we’ll let “history decide” whether Obama’s spending is going to help or hurt us.
Posted by: Ed | February 27, 2009, 8:07 am 8:07 am
Good lt, You sure seem to like to assume alot don’t you. Your assumptions are wrong. My point is again, the rich do not need to live high on the hog. They will survive without all their frills. When you get back to the basics of life, it really doesn’t matter what you own but rather if you helped others and also if you loved and were loved. That is what I feel is important. Please don’t call me a socialist or imply I am just because I happen to agree with Obama on taxing the rich more. That is the only thing I agree with him on so far into his presidency.
Posted by: Old wise woman | February 27, 2009, 8:08 am 8:08 am
LOL!!!!!!!!! OldWiseWoman……are you kidding????????? Only trust fund kids like Paris Hilton and the Kennedys live like that. Self made rish put their money to work, which means they INVEST!!!!!! With less money to invest, there’s less capital for businesses to expand their operations, which means LESS JOBS!!!!!!! Guaranteed, and REMEMBER THIS….If Obama carries out taxing the rich, 3 months down the line, unemployment will increase at an alarming rate!
Posted by: JustAGuy | February 27, 2009, 8:13 am 8:13 am
Dear Old Wise Woman: First it is not your call or anyone else’s to tell anyone how to live, even the poor people who did not deserve home loans did and are now in a world of hurt. They were living above their means.
Do you realize that the majority of Americans making more than $250,000 are small business owners who have sweat and toiled to make a business profitable only to have someone come and take more of their hard earned money.
How about all of the charities in this country and world that rely on the gift giving of “rich” people who will have less money because of higher taxes and no charity write-offs? Do you think these people whom you have no respect for will continue to donate?
Think before you talk.
Posted by: crvoyager | February 27, 2009, 8:16 am 8:16 am
> My point is again, the rich do not need to live high on the hog.
Why not? It’s their money, not yours. If they feel they need to live a wealthy lifestyle, who are you to tell them they’re not allowed to?
It’s called freedom – look it up.
>They will survive without all their frills.
And you determine what a “frill” is, right? It appears that you define a “frill” as anything that you or the lowliest bum can’t afford to do or to buy and is “unnecessary.” Unnecessary to whom? To you? Well, it’s not your decision to make – you’re not the arbiter of what people “need.”
>When you get back to the basics of life, it really doesn’t matter what you own but rather if you helped others and also if you loved and were loved.
Then give up all of your worldly possessions. Go ahead. Practice what you preach. Here you sit, at a computer on an Internet connection, spewing collectivist platitudes while typing on a machine that cost money and employed people to make it, whining about how others are in need.
Give up your money and possessions and go help those people. Why are you wasting your time and money on the Internet? there are more important thing that “need” to be done, right?
>That is what I feel is important.
The operative word here is FEEEEEEL. You have a FEEEEEELING, but you’re letting that feeeeeling rule you at the expense of your brain and reason. And it shows in your comments.
> Please don’t call me a socialist or imply I am just because I happen to agree with Obama on taxing the rich more.
You’re a socialist. Only socialists try to decide for others what is good and necessary for them. Only socialists see “the rich” as an enemy to be conquered and whose money as a spoil of war.
Question – if Obama taxes the owner of my company, which is struggling with everyone else, more heavily, how does that help me? How about the other people who have to take pay cuts and get laid off?
Answer (because you are incapable of providing it) is that IT DOESN’T HELP. The “rich” sign the paychecks for the littler guys. You don’t raise taxes during a recession unless you want it to turn into a depression. Taxes raise prices, lower wages and depress economic growth. Econ 101 – you must have been absent the day they talked about this, assuming you ever went to an econ class.
>That is the only thing I agree with him on so far into his presidency.
The rich in this country pay the majority of income taxes. Did you ever stop for one minute to think that maybe the GOVERNMENT aren’t the best stewards of the money they have? Do you ever ask why they spend so much doing so little?
That never occurred to you, did it? There is a lot, apparently, that has never occurred to you about basic economics.
Posted by: Good Lt | February 27, 2009, 8:20 am 8:20 am
Don’t think it will much matter who was rich or poor. The future looks bleek for everyone. Companies will move elsewhere and civil unrest will change the face of a once great nation. The Pres is pushing so hard and fast so no one can keep track of what he is really doing, turning us into a communist nation. In 4 years we may no longer have the right to vote.
Posted by: val | February 27, 2009, 8:24 am 8:24 am
This is not about rich or poor, rather the destruction of the American dream. The history of this country was predicated on the opportunities afforded to those who were willing to work and be law abiding citizens. Now, the Obama administration is remaking this beloved country into a banana republic.
Look, the rich will be fine – the Kerrys worth over $150 million, the Pelosis worth over $70 million – they’ll make out. Perhaps they will will have to move some more money off shore and have to pay a bit more in taxes, but I doubt that they will suffer any. The problem is that everyone else in the middle of the ladder will be knocked off and driven to the bottom as a result of this tax and spend scheme. Essentially, the Obamas are creating a two-tiered system where the privileged elite like the aforementioned idiots rule and the rest of us scrounge around on the bottom for crumbs.
I say the time for revolution is at hand and we start first by impeaching the bum in the White House!
Posted by: Mike Jefferson | February 27, 2009, 8:35 am 8:35 am
if you made more than $42,000 you received a taxcut under the Bush taxcuts. The idiots that keep on saying only the rich received taxcuts are flat out lying. I did my taxes for the fun of it based on current income based on tax return laws before the Bush taxcuts and my tax bill went up $4,700. My family is very middle class. Please one of you Obama Imbeciles please tell me and other Americans that only the Rich benefited from the Bush Taxcuts. If the Rich pay most of the taxes in this country shouldn’t they get the most back? Heres another question you Obama dolts. Should people that pay no frderal taxes at all get a rebate? If they do it should be called a welfare payment. This is Socialism.
Socialism is the little brother to communism. The only people whose lifestyle this won’t affect are the Democrat Politicians that write this garbage tax/welfare code.
Posted by: kmpk | February 27, 2009, 8:37 am 8:37 am
crvoyager, I know its not my call to tell people how to live. All I’m doing is stating my opinion on why our country is in this financial condition. I know I’m not going to change the world with my opinion but it’s what I feel is true. Remember, people need people, more so than money. God is always watching us on how we treat others. When we become selfish and greedy we are no different than Satan himself.
Posted by: Old wise woman | February 27, 2009, 8:39 am 8:39 am
I hope everyone enjoys this redistribution of wealth.
42% of Americans don’t pay federal income taxes. Obama’s plan will give those people more of our hard earned money.
This is reparations on steroids.
Posted by: Peach | February 27, 2009, 8:39 am 8:39 am
Is the 2010 budget assuming that 2009 has an unemployment rate of 5.8% and a 2.2% GDP?
Those assumptions seem optimistic for 2010 and unbelievable for 2009.
Posted by: mad | February 27, 2009, 8:39 am 8:39 am
Old wise man. I recall in the Bible Jesus did not look favorably on Tax Collectors.
Posted by: kmpk | February 27, 2009, 8:42 am 8:42 am
To Old Wise Woman,
I love how liberals blame all this on Bush. When his team tried to step in and regulate Freddie Mac and Fannie Mae because of the risky home loans, your democrat friends cried foul since this would hurt the ‘underprivileged’ from owning a house. Well, the mess we are in now was caused by people (democrat and republican) from purchasing homes they could not afford. It is always easier to blame others than take responsibility for yourself. If you did everything right and are not in over your head, good for you – congrats. If you are over your head, don’t blame me!
Posted by: KP Grad | February 27, 2009, 8:44 am 8:44 am
Politico:
“In defending the hikes, the White House has also noted that they are coupled with tax cuts for most Americans and a repeal of the Bush income tax breaks will lead to a tax rate equal to the Clinton era…”
————————————
This implies that ALL of the Bush tax breaks will expire, in which case, a lot of people are going to be surprised.
Posted by: mad | February 27, 2009, 8:48 am 8:48 am
I fear we are headed for Reagan era unemployment, being 10.8 percent.
You certainly recall that it was the CIVILIAN rate of unemployment until Reagan changed the yardstick, added the miltary and dropped the CIVILIAN.
Posted by: tom | February 27, 2009, 9:01 am 9:01 am
The locomotive is barreling down the tracks. Obama has put our country directly into its path. “Let history decide” the outcome? I think not.
Posted by: ricardo maxwell | February 27, 2009, 9:10 am 9:10 am
“People who have watched their retirement savings, college plans, and home equity decline are being told they are about to have to give up more of their money to the government.
That seems like reverse stimulation to me.”
MayBee, they’re going to be awful dissapointed if by then so many of us
won’t even be making enough of an income to even be required to file, let alone pay. If things keep up, I envision a nation of millions of stones from whom blood simply can’t be squeezed. The inevitable bill is going to come due, but by then it will be much larger and with fewer taxpayers than ever, left standing in any position to pay higher taxes.
On another note, my cynical and pessimistic self recently came up with the idea of starting an auction site where desperate people could bid on a dwindling pool of available subsistance jobs(p/t, near min wage, no benefits, ect), and typed in “jobauction”, only to see that Monster apparently already owns the domain.
Posted by: Soeren | February 27, 2009, 9:11 am 9:11 am
The current shell game the Pres is playing has more to do with power than money. He is using hot button topics to keep our focus off of all the other things he is pushing through, such as people in the medical profession will no longer be able to refuse to perform abortion because of personal beliefs. At the same time he is attempting to remove our constitutional rights and pick Americas pocket, of course to turn the economy around. He uses fear of what could happen if we don’t follow through with his plan, just like Hitler did in 1940. The young of this nation have been taught to be superficial and rallied their efforts to elect him. I hope they like high taxes, limited job opportunities and slum-dog living because that is what they have to look forward to. The only thing that may change their minds is if they don’t receive their financial aid to remain in school, which may be our best hope. Since that is where they are indoctrinated into a beautiful world with rose colored hues. As for the rest of us, I think it is time to kick back and enjoy the fruits of our labor before the Pres. takes it. Take a vacation instead of paying your mortgage, live and love life to the fullest, at least we will have a great time as the Titanic sinks into the abbass.
Posted by: val | February 27, 2009, 9:19 am 9:19 am
Nothing that our great hope(hype) president is doing makes any sense for a capitalist country (for you who dont know that is what this is supposed to be). Obama is breaking down our economy piece by piece with the precision of a skilled surgeon. A robin hood mentality will get you no where when there is eventually no more riches to give to the poor and everyone is in the same boat. If there is no incentive to make money then there will be no money because everyone will just sit back and wait for their hand out. Well guess what the gov. wont have anything to hand out if they are not able to rip it away from hard working individuals because there wont be anyone working. Look at the people that are recieving hand outs from the gov. they sit around all day doing nothing because if they do go out and get a job then they wont be eligible for “free” money. The money is free to them but the rest of us are going to work everyday so that we can make sure that they can live. Sure there are people out there that really do need our assistance but why do we need to turn this once great nation into a socialist bordering on communist nightmare.
If you are able to force someone to rely so much on you that they wont be able to live without you, you have complete and utter control over that person. You can make them adhere to whatever rules or regulations you wish to impose upon them. This is where we are headed and it scares me to death that my children are going to have to live in the aftermath of what this joke of an administration is doing. When all of this crap rains down on us we have no one else to blame but all of the ignorant people who jumped on the Obama bandwagon without knowing or caring about anything that really matters economically in this country. Since the election most of the people that voted for him are still just basking in the glory of having him in office that they are ignoring all of the ridiculous stuff that he is doing politically. The people of this country need to wake up and stop listening to the media and allowing them to control your thoughts and actions.
Oh and by the way Bush does not deserve full credit for the current state of our economy like so many people like to say. The mess in the housing market has much more to do with Clinton’s policy than anything else. Clinton passed the bill to allow basically anyone who wanted a house to obtain one even if they technically couldnt afford it. Sure the mortgage companies exploited it to the point that everything collapsed but it was Clinton that put this into effect.
Obama is not our savior and he isnt going to make anything better, he is going to make it worse if anything. He promises change for our nation, well he sure is going to bring change to this country as he promised, the only thing is that, that change is going to hurt us so bad that one can only hope that we will be able to get back up after all the dust has settled.
Posted by: terrified | February 27, 2009, 9:22 am 9:22 am
kmpk
Your anger is misplaced – Tapper has been one of the very few real journalists that has held Obama’s feet to the fire consistently and tenaciously. Bush, too.
Ease up and recognize good journalism and real journalists when you see them – I know that it is rare these days.
Posted by: Good Lt | February 27, 2009, 9:29 am 9:29 am
I am amazed by the insecurity and paranoia in America as amply illustrated in this blog. At first I thought a few kooks were funny but it has become sickening.
Nothing but speculation as to what the future will be!!! Oh well, as Woodrow Wilson, the first president to employ a spin doctor, said ‘Opinion governs the world’.
I am equally guilty, foresaw a massive economic downfall coming, sold my home in 2006 and liquidated my investments in 2007 and now live better than ever.
Posted by: rom | February 27, 2009, 9:36 am 9:36 am
Everyone in America pays taxes. That is a given. Everyone should pay their fair share. That should be a given. There are those who make TONS of money(more than they can spend) and they should pay the most tax. Unfortuntely, it seems that the very wealthy often find the best tax shelters and they pay a disportionate share . . .
I was left a widow with three kids at 22 years old. I went to college, worked 5 part time jobs, raised my 3 children with no money from anyone but me. No social security, no food stamps, no section 8 housing. I had no family to help with babysitting. With drive and determination I worked my way up and set an example for my kids that you work hard and reap what you earn. I bought my first and only small house 17 years ago without ever entertaining the idea it was a starter home and I would keep buying up. I live within my means and pay all my bills. I help support 2 of my young grandchildren because it is the right thing to do. I have always given alot to charity because I felt it is the right thing to do. I pay $2,250 per year for my health insurance premiums and have just met my $2,200 out of pocket deductible. Because I put the max in my 401K, I have very little disposible income after I pay my bills. I finally made it to $75K per year after working more than 30 years. I have an office job and usually work between 55-60 hours per week. I did not get the stimulus check last time and am not eligible this time because of my high rate of pay.
Part of America’s problem is that so many people are living far beyond their means without having a plan to pay back. They are house rich and cash poor. The values and responsibility are not compatible.
America has too many people on public dole. There is no reason why people cannot pull themselves up and work
It is demoralizing and demeaning to those who get up every morning and go to work and work 5-7 days a week and responsibly pay their their bills and live within their means to see those who are on government handouts walking around with the best cell phones money can buy with their manicured, decorated nails and driving brand new leased cars way beyond what most of the middle class can afford.
This year I will pay far less out to charities as I need to save every penny I can since my 401K has lost 47%.
The government has to stop simply handing out free money and gifts to the poor and teach them how to work and be self sufficient. We need to get a hold of our illegal immigrant problem and stop providing for the irresponsible. We had a worker last year who was here on a student visa and it was time for her to go back to her country. Two months before her date to leave, she decided to get pregnant and is now here permanently with her anchor baby and has welfare, food stamps and section 8 taking care of her needs.
America has to stop the bleeding. Government needs to figure out why we have people who come here and refuse to work and just live off the taxes of the hard working.
Fair is fair. We should ALL pay the price and share the burden!
Posted by: AnnieG | February 27, 2009, 9:38 am 9:38 am
So let me get this straight, the Democrats are going to spend trillions of dollars via these various pork… er… spending bills, but the average American is only going to get about $13 per week. The rest is supposed to “trickle down” to Joe/Jane American as it’s filtered through the bureaucracy, pork and corruption that inevitably comes with this kind of government spending.
Yet, they’re going to take $1 trillion directly out of the economy in the form of taxation because they don’t believe in “trickle down”? Makes perfect sense… if you’re a power-grabbing politician.
Posted by: Polisciguy88 | February 27, 2009, 9:44 am 9:44 am
Annie, you make a good point except for one item.
Your post started with “everyone pays taxes”. Not true!
Look at Democrats and Osama’s Cabinet.
90% of them REFUSE to pay taxes.
NOT forgot, or made an error…..they flat-out REFUSE to pay their taxes! Democrats honestly feel in their hearts that the laws of the US do not apply to them. They have proven that since the Kennedy days all the way up til today.
Posted by: Daniel Smith | February 27, 2009, 9:55 am 9:55 am
Old wise woman – “…All that money that goes to those unnecessary frills could help our world so much that it could end possibly all poverty and sickness….”
.
Hate to break the news – OWW – but someone with much greater knowledge than yourself – once said – “There will always be poor”
Posted by: rto | February 27, 2009, 9:56 am 9:56 am
Here is what happened November 4, 2008.
We got what 53% of the American voters wished.
Karl Marx smiled.
Huey Long smiled.
Posted by: Larry Croft | February 27, 2009, 9:59 am 9:59 am
People want to blame the rich. They want “the rich” to pay their fair share.
Do you really think that “the rich” just let their money sit in banks and get interest on it?
Or do you think they “invest” it to make more money? What do you think this “investment” is? Could it be investing into companies? Could it be creating jobs? So, let’s make “the rich” poor. Who is going to be investing into the companies after that? Who is going to be creating jobs? I see, Obama will take care of that.
Posted by: Dave | February 27, 2009, 10:02 am 10:02 am
To Ricardo Maxwell:
“insecure and paranoid”? Maybe that’s because so many Americans ARE insecure, as in their retirement portfolios are evaporating, many are getting laid off, and many of those still working don’t know if they’ll still have a job next week or next month. As for “paranoid”, when the mounting evidence indicates
there is good reason to be concerned
it’s not being “paranoid”, it’s being realistic.
Posted by: Soeren | February 27, 2009, 10:03 am 10:03 am
This is an outrageous assault on everyones freedom. Not only do we need lower taxes and less government the money we’re spending is just irresponsible. I’m not too sure what it’s going to take for everybody to say enough is enough, but, if this keeps up we all ain’t going to have a pot to ### in.
Posted by: jim toledo | February 27, 2009, 10:05 am 10:05 am
Why aren’t Democrats defending their Socialist Party views?
Every time they are confronted with the truth, they somehow blame Bush.
I know they are trained to do that, but it gets old fast.
Bottom line, Democrats are lazy. They expect us, the Republicans who work and actually pay taxes, to pay for them so they can continue NOT working and avoiding taxes.
That’s the whole mess in a nutshell.
We don’t need facts and figures to see that, just listen to a Democrat for 5 minutes. They never talk about how hard they work and how much they pay in taxes, mainly because they do not do wither.
All you ever hear a Democrat whine about is how they don’t have what Republicans have, but they should be entitled to the same without earning it.
Posted by: Daniel Smith | February 27, 2009, 10:07 am 10:07 am
Rom said:”I am equally guilty, foresaw a massive economic downfall coming, sold my home in 2006 and liquidated my investments in 2007 and now live better than ever.”
Hopefully, you left the USA as well!
Posted by: ricardo maxwell | February 27, 2009, 10:07 am 10:07 am
My question today is….
.
Where are we – as a Country headed – and why?
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The reason for my question – is the fact many Americans – and people in general – are unaware of the “true” State of the Union.
.
The 2008 federal budget deficit of $455 billion (CBO report) was actually – $5.1 trillion – when the total U.S. obligations, including SS and Medicare benefits to be paid in the future…..are taken into account.
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Even before this $800 billion “deficit-spending economic stimulus plan” was passed – the “true” federal government deficit – stood at – $65.5 trillion. And that deficit – had already exceeded the GDP of the “world” – in total obligations.
.
The U.S. government – have effectively – been placed into bankruptcy.
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Couple this with today’s – “total bad debt of the world” – conservatively estimated at $20 trillion – and lavishly given at $70 trillion – have effectively – “placed the world in bankruptcy.”
.
I
Now – how long this President can bail would only be a guess – but this stimulus package is nothing more than a band-aid over the severed aorta – and – the Titanic – is taking water! And actually – spending money and how much now is irrelevant – because it will never be repaid – simply because – it can’t ever be repaid.
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And really this Tax plan by Obama…..does it really matter anymore?
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Maybe, a more important question to ask today…..
.
How does one effectively plan – for the reality of uncertainty?
Posted by: rto | February 27, 2009, 10:12 am 10:12 am
This is insane. His projections presume that when he implements all these tax hikes, everything else remains the same, and the money will pour in. When you tax an activity, that activity decreases. This is not brain surgery. Increase capital gains taxes, and people stop investing. Obama and the Democratic congress are going to destroy what’s left of our economy.
Posted by: Mary | February 27, 2009, 10:12 am 10:12 am
“Here is what happened November 4, 2008.
We got what 53% of the American voters wished.
Karl Marx smiled.
Huey Long smiled”
Dave:
And what would McCain being doing right now? (I mean BESIDES setting us up for a
100 year occupation of Iraq).
Posted by: Soeren | February 27, 2009, 10:13 am 10:13 am
Everyone in America does NOT pay taxes. Only a little over 50% of working Americans actually pay income taxes. Over 40% of working Americans pay no income tax. That percentage will go up with Obama’s “tax cuts” for people who don’t pay taxes (or “welfare”, as it is known in the English language.)
Posted by: Mary | February 27, 2009, 10:19 am 10:19 am
I will put in my 2 cents worth. I really like what Obama is planning on doing. For 8 years the richer got richer and the rest of us got porrer. The rich have the ability to help their fellow Americians because there is a 75-100% chance that it was those Amercicians who made them rich. Let the rich help.
Posted by: Pat | February 27, 2009, 10:23 am 10:23 am
Now that Obama has the power and can dictate who will receive $$ all must work within the guidelines that exist. Join all the groups that he plans to endow to enable a fair fight. Open a local Acorn office for registering like minded voters, environmental or recreational citizen groups to grab cash for your own community projects, clean and green non profit or what ever will spread the wealth around. Chicago, LA, San Fran. should not be the only places that benefit from his vision. Like the old saying goes,”if you can’t beat them join them” When all this madness is over, at least we may all have had a taste of the pie.
Posted by: val | February 27, 2009, 10:24 am 10:24 am
Pat, the poor got poorer because of Republicans?
We are the ones who work, earn and pay the lion’s share of taxes.
Democrats are bloating the Welfare system and causing this mess.
I said yesterday, people are only poor if they choose to be poor.
The poor have the exact same opportunities to be rich if they want.
Education, hard work and drive.
Democrats simply expect hand-outs, and then whine when others who work hard have more than they do…….
I have yet to see a post, other than from Republicans, about how much a Democrat is losing in tax money or investments because of the Socialism Obama wants.
Democrats stand to gain, and not lose from this mess because they are not, have not, nor will not have to pay into it at all.
Soak those who work and pay taxes, right? How about requiring the Democrats in Washington to maybe pay their taxes sometimes?
His Cabinet refuses to…..so, why should I pay taxes if Democrats refuse to?
Posted by: Daniel Smith | February 27, 2009, 10:31 am 10:31 am
For those who complain that the rich aren’t paying their fair share of taxes, you are just ignorant. The wealthiest 1 percent of the population earn 19 percent of the income but pay 37 percent of the income tax. The top 10 percent pay 68 percent of the tab. Meanwhile, the bottom 50 percent—those below the median income level—now earn 13 percent of the income but pay just 3 percent of the taxes. If Obama keeps raising taxes on the rich, pretty soon they won’t be rich anymore, they will move their assets to other countries, and they won’t be creating jobs in this country. And people won’t bother trying to start small businesses so they can someday be rich, why bother if the government is going to take most of it anyway? By the way, I’m not rich, but I did hope to be rich someday. Which used to be possible in this country, maybe not anymore, not under Obama.
Posted by: Mary | February 27, 2009, 10:33 am 10:33 am
To Mr Maxwell (AND Dave)
Whoops, my bad, both my replies were misdirected to wrong poster. Please
accept my apology, I screwed up and admit it(and I’m even sober for a change;)
Posted by: Soeren | February 27, 2009, 10:35 am 10:35 am
Politicians are a lot like firearms. Take the AK-47 and the AR-15. There are advantages to both it just depends on if you want to go with the American or the non-American. Which one do the readers here prefer, AR or AK?
Posted by: AR-15 or AK-47??? | February 27, 2009, 10:36 am 10:36 am
Jake has lost his following of Obama supporters. Comments are running about 25-1. I guess when sheep are content, they put their heads down and graze. Easy prey for the wolf!
Posted by: Trafic Cop Timmy | February 27, 2009, 10:39 am 10:39 am
….the Bill Clinton “surplus” was a hoax!!….
.
The surplus deception was clearly discernible in the statistics of national debt. The national debt rose in 1998 (the first year of the surplus) from $5.413 trillion to $5.643 trillion in 2000.
.
This was due to deficits of $112.9 billion in ’98 – and $117 billion in ’99.
.
How you ask?
.
And – by the greatest grab ever into the “Social Security Trust Fund Surpluses.” The Clinton administration spent SS money and other trust funds, which were for obligations to present day and future recipients. Clinton consumed that money – thereby incurring obligations as binding as those to the owners of savings bonds.
.
Yet – the Treasury treated this money from SS as revenue – and hailed them for generating surpluses.
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If corporate executives were to engage in such deceit – the Commissioners of the SEC – would come down with both boots. But when it’s the president of the United States – “his appointees” – looked the other way. There are many ways to “tinker” with the numbers to make them read positively. Wall Street – Fannie and Freddie – the Banks….were doing it everyday…
.
Clinton robbed Social Security …..and created “that surplus”….in his mind!!
Posted by: rto | February 27, 2009, 10:43 am 10:43 am
To Everyone who pays taxes
Do not panic! it does not do any good. Start to act as irresponsible as those leading this parade. Maybe you could claim your pets as dependents on your 09 taxes,or find other creative solutions. Do anything but freak out, it is a waste of enery. Start to think and play the chess game, just like Obama.
Posted by: val | February 27, 2009, 10:44 am 10:44 am
Would rather pay for the Rebublican hangover than the current Obama Democrat binge. What ever happened to responsibility for our choices in life. Can anyone out there honestly say the low income workers are low income through no fault of their own? There are the wooking poor because of the choices they made in life. The single Mom had a choice but after making that choice she limited future choices. The assembly line worker made a choice to take that job and also chose to not scrimp, save, beg, borrow, or do whatever it took to further their education. There are 24 hours in the day, not just the 8 to 9 hours the majority of the working poor spend at work. What they choose to do with the rest of their time is their choice in life. Spread the wealth? Create their own opportunity to create their own wealth. Were some people taken advantage of, you bet. Does that mean the rest of us are responsible for making them whole again? No, go after the people who took advantage of them. Housing price declines – that is the risk you take. No different than buying a stock. If they didn’t want to take the risk, they shouldn’t have bought a house. Soak the rich – they are already carring their share and more in taxes. Why shouldn’t they get the same tax breaks that every other taxpayer gets? Would somebody please tell me what is unfair about that? For those that say give Obama’s plans a chance I ask “Why?” Because he is the first Black President? Because he can talk the good game? Because a majority voted him in? He deserves respect – nothing more. If we don’t like his ideas we have the right – at least right now – to voice our disapproval. He is not a God although in the current political climate he is as close as we mortals have seen in 2000 years. Until the American people wake up and realize utopia is something to dream about but should never be attempted we are in for a very rough time. There are achievers and there are losers in life. Always has been, always will be. I have no artistic talent. None, oopso, nada. I think the government should spread the artistic talent by requiring everyone with talent to supress it. That way my un-artistic drawing, singing, & acting will be at the same level as everyone elses. If those with the talent do not supress their talent than their creations should be taken away and my name put on them. They should be required in the interest of “spreading the talent”, to not try so hard to achieve to their abilities. It is only fair in our new society.
Posted by: Bob | February 27, 2009, 10:48 am 10:48 am
It does absolutely no good to use facts and figures with Democrats.
All they know is what they are told to know.
All the Liberal posts have the same ring to them. When faced with the truth, they bring out the Bush guns.
We HAVE to be Socialist now, because of Bush, right Libs?
Try and get the rich Democrats in Washington to pay their taxes and you will see why the common Liberals don’t understand the system.
Our laws do not pertain to them. So why should they have to understand them.
Why should they have to pay into the Welfare they state they will benefit from?
Posted by: Daniel Smith | February 27, 2009, 10:52 am 10:52 am
“For 8 years the richer got richer and the rest of us got porrer (sic).”
It may have been the largest transfer of wealth from the middle class to the richest Americans in history, but the right-wingers want us to overlook that.
So if we set the tax rates back to where they were for a long time before Bush cut them it will start some kind of disaster? How worse could things get?
Posted by: Skip | February 27, 2009, 10:56 am 10:56 am
Skip, if you think that higher taxes will make everything better because only the rich pay them, you don’t understand how it works.When a company’s cost of business goes up due to larger outcosts i.e. taxes, the price goes up on the product for everyone. Does not matter whether its a box of cereal, gas, or heating fuel, the crap always rolls down hill.
Posted by: val | February 27, 2009, 11:02 am 11:02 am
…the crap always rolls down hill.”
Yes but the problem is that the benefits don’t roll down hill. The guys at the top manage to keep them up there with them. -If I may use the same metaphor. We all saw that plainly during the Bush years and that’s why most Americans don’t believe you anymore
Posted by: Skip | February 27, 2009, 11:08 am 11:08 am
oh my goosh I am so frightened! The devil is in the details as always and I so afraid that the Admin does not understand and so cant make a sound decision. My small successful company of now 120 people could never have survived if Reagan had lowered the tax rate of 80% plus my state of 10. So many people dont understand how the rules work. Forget that we had to live in our warehouse for 3 1/2 yrs finding a way to ‘shower’ in a half bath, or that we paid as a ‘business’ $150 for 1 phone live vs the household of $20. If I bought a machine for $10,000. i wrote a check and the money was gone (when you are small you are not bankable….no one in their right mind lends to you), but by the regs, i can only deduct $1000 each yr over the ‘life’ of that machine. like many small businesses (your neighborhood resturant, plumber, small retail store, corner flower salesman) we were the calssified as the simplelist (and cheapest)form of business entity…..a partnership. What that means is that ALL of the ‘left over’ money (sales minus the ALLOWABLE expenses) is reported on our 1040 tax return. So for the data miners out there it LOOKS like its all PERSONAL income. And there is no allowance for a ‘pay check’ to yourself. Now we were taxed at that horribly high rate, but there was NO CASH becasue it had all be used to buy the tools and equipment to grow. I became a Republican at that point and I understood. WE spent $ to incorporate, and then I had to “attach” my own wages for the next 3yrs to pay the back taxes I owed. Luckily I could do so because the tax rate was lower to I think 28% fed, still plus our Calif 10.
Like so many copmanies we are now the Sub S corp and so ALL our income from our company shows up as Personal Income on the 1040. WHen you read that the divide is gettting greater between the rich and poor, I think its because of this detail. I could bore you all and explain why that is the prudent decison (like after a death you would only have 25% of the sales price if you were a regular C Corp…. not enough to preserve a business), bottomline, this new plan is strategically wrong. dead wrong.
Posted by: cathy | February 27, 2009, 11:11 am 11:11 am
Skip,
Please cite some facts and sources on this wealth transfer. I heard it all through the campaign and from every liberal pundit out there. Please tell me how this “fact” is figured and the source of the figures. Or, is it just a sweet sound bite that sounds better everytime it is said?
Posted by: Bob | February 27, 2009, 11:12 am 11:12 am
Val nice point – and when the “limited” cost ceiling for the “rich companies” goes up – i.e. taxes – they must cut elsewhere – i.e. “poor jobs” – - but I guess we’ll let the dims figure that one out the hard way too – - should be interesting – they scream louder…
Posted by: rto | February 27, 2009, 11:14 am 11:14 am
Been There and got the Tshirt to prove it.
You people are already griping. He doesn’t even have the disident camps open yet. Watch for a disident camp near you, coming soon.
Posted by: Old Soviet Party Man | February 27, 2009, 11:15 am 11:15 am
Bob you can look it up yourself. Check stats on sales of all luxury items [boats ,jets, mansions, jewelry etc.] during the Bush years.
Posted by: Skip | February 27, 2009, 11:18 am 11:18 am
Cathy,
You evil business person. Don’t you understand you are not supposed to make a profit. You are supposed to have the idea, gather the funds, take the risk, and be personally responsible, and….
pay any profits out as increased wages and benefits to any employee you happen to hire. That is being altuistic. Isn’t that the whole reason you went in to business!
Posted by: Bob | February 27, 2009, 11:20 am 11:20 am
Bob, Democrats know nothing of Facts and Figures.
They just copy and paste posts of other Liberals and spew the same garbage.
They can’t cite figures because they do not know or care. If they worked and paid taxes, they would have the figures.
All they can do is repeat the same old tired song about how they are entitled to everything for doing absolutely nothing.
Hell, the rich Dems in Washington REFUSE to pay taxes…….why should the average Liberal?
They are programmed to take, not give.
Posted by: Daniel Smith | February 27, 2009, 11:20 am 11:20 am
I find it difficult to listen to wealthy people whine about not being wealthy enough when most Americans are struggling.
Posted by: Skip | February 27, 2009, 11:24 am 11:24 am
I want to hear the rich people earning a quarter of a milllion and more complain about paying income taxes to the Federal Government.
Posted by: Neil | February 27, 2009, 11:28 am 11:28 am
Gee, seems to be a lot of people making more than 250K posting to this story…
Conservative pundits, in service to their Mammonist millionaire masters, will now do everything they can to convince working folks that the tax increases on the rich will be bad for them – no, not just bad, SATANIC EVIL INCARNATE!
Just like GHWB said: “When you aim for the big guy, you hit the little guy…” and what does that mean, other than that the Big Guys cowardly use us Little Guys as human shields?
Trickledown economics (you know, the theory that if your feet stink you should wash your hair) has been proven to be a boondoggle. The Repubs had six years to pursue their wildest dreams – read Thomas Frank’s THE WRECKING CREW for a survey of the resulting damage.
Posted by: Skip Mendler | February 27, 2009, 11:29 am 11:29 am
He’ll take your buck, then he’ll give you some change.
Posted by: swamp | February 27, 2009, 11:30 am 11:30 am
Skip,
Are you saying all the money these evil rich people spent was new money taken from the poor starting in 2001? And what the heck does the sale of jewels and furs have to do with wealth transfer. You do understand the meaning of transfer don’t you? You are saying these evil rich people “transfered” this money from the poor to themselves. How did they do that? Do they have access to the poor peoples bank account? Do they knock on their door and take their possessions? Just how did they do it? Don’t start on the wage band wagon because if you do I will have to ask you to show me where the shackles were that forced them to work for that evil rich person – you cannot throw out free will and choices to prove they were forced to work for a specific evil rich person. Are you going to prove your statement or just continue perpetuating a party line? If an individual has an idea, starts a company, and is successful is that wealth transfer from the poor? Come on, support your statement.
Posted by: Bob | February 27, 2009, 11:35 am 11:35 am
skip
I see you can’t get over the Bush years and I was not happy with everything he did either, but what is happening now will land us into a deeper depression than ever before in history. In the 30′s and 40′s we were able to pull out of the depression because of the war and our manufacturing base. That no longer exists in the US and now we are spending $$ we will never be able to repay, unless China adopts us as their ugly redheaded step children. They make the products now that can be sold, not us. America’s wealth and even our farms are owned by other countries. I see poverty of a third world nation headed our way. Health care for none, and a mass exit of independent thinkers, or secession of states.
Posted by: val | February 27, 2009, 11:38 am 11:38 am
Bob….
Never ask a Liberal to substantiate themselves……you know better!
All they know is what they are told to post on these forums. They can’t back anything up.
The DNC has a setlist of posts they are supposed to use, but n facts to support them.
The are supposed to keep the same tired line, ad-nauseam, until someone actually believes them…..
Ths DNC has quite a programming system for them, so they never have to work, and then whine about not having what Republicans have……
Posted by: Daniel Smith | February 27, 2009, 11:46 am 11:46 am
This article will still exist.
It may not have the drudge link still though so you better bookmark it.
Posted by: Ryan C | Feb 26, 2009 9:24:50 PM
********************
As for the constant Drudge references, you still haven’t explained why that matters. Nonetheless, before you continue spouting off with your continuous assumptions and overgeneralizations about people here you THINK came here from Drudge, why don’t you do a quick search of the URL of this page on Google and see how many different sites are linked to it. I came to these threads after perusing the main page, but ended up on the threads I did because of the activity (i.e., number of posts). Imagine that.
Posted by: Slappy | February 27, 2009, 11:55 am 11:55 am
Daniel, in fact most Democrats do work. Many of them do the most noble work, they are health care workers, public educators, scientists. They made the decision to get higher education and do work that doesn’t necessarily pay as well as the private sector. They don’t whine about what Republicans have, they are too busy saving lives and educating your children. All this while their cost of living has increased and they are going further in debt. They don’t expect the lifestyle of a CEO, they just want to keep their homes and get their children through college.
Posted by: chigirl | February 27, 2009, 11:55 am 11:55 am
America’s march to socialism is unwelcome by ex-communist Soviets living in America. We thought we came here to get away from this sickness called socialism.
Posted by: Old Soviet Man | February 27, 2009, 11:59 am 11:59 am
I just checked the main Obama Praise Page…..MSNBC. Not one story about Hillary bashing Israel or anything negative about this Debt.
But they do spotlight a story of Jennifer Lopez suing a stroller company!
True Journalism at it’s very best!!!!
The MSM cannot be called journalists anymore. All they do is masturbate to pictures of their Saviour!!
Posted by: Daniel Smith | February 27, 2009, 12:03 pm 12:03 pm
I never once questioned someone’s education level.
I question their level of intelligence.
Posted by: Ryan C | Feb 26, 2009 9:07:43 PM
********************
You do both. Perhaps you should look in a mirror when doing either because someone who resorts to a Democrat (or Republican) talking point when unable to defend themselves with a cogent response shows a lack of intelligence. In addition, you’ve also refused to mention your education level despite attempting to act like your education level is high simply because Obama received a higher percentage of highly educated people than McCain.
Posted by: Slappy | February 27, 2009, 12:04 pm 12:04 pm
chigirl…..then why should Osama tax us out of the very homes you claim to want to keep?
And to simply pay for those who refuse to work?
You should be just as angry as we are then……right?
Posted by: Daniel Smith | February 27, 2009, 12:06 pm 12:06 pm
If this is going to be how he recovers what he’s spending this year, how is he planning on recovering the 1 trillion a year he’s planning on spending the rest of his term?
Posted by: smmtheory | February 27, 2009, 12:07 pm 12:07 pm
I have a rep here that could be tainted?
Does that mean the rep is good then?
Posted by: Ryan C | Feb 26, 2009 9:07:43 PM
********************
Maybe among those here that think like you, but not among the rest of us that see you as a so-called “empty suit.” You obviously lack sophistication in reasoning and thought despite your desire to act like this is YOUR PLACE. That’s why you seem to be offended by the appearance of newbie posters, like myself, and try to denigrate how or why we’re here.
Posted by: Slappy | February 27, 2009, 12:08 pm 12:08 pm
I wonder if all these Obam-ites will change their tune when Socialism fails here.
Socialism is a failed form of Government, throughout all of the World’s History.
I am not sure why Dems think all of a sudden that Pelosi’s brand will do any better.
But, how will they blame Bush when Socialism fails?
Surely no Democrat will ever take the blame for this mistake, just as it wasn’t Slick Willy’s fault for committing Perjury.
Somehow, someway a Republican forced him to LIE under Oath in a Court of Law, right?
Who will Democrats blame when this nation is completely destroyed by Socialism? Will they raise their hands,, admit they are wrong and apologize?
Hell No!!!
Posted by: Daniel Smith | February 27, 2009, 12:12 pm 12:12 pm
It’s OBama. And he is LOWERING taxes for health care workers, scientists, and educators because I am certain that there are very few making over 250k.
Posted by: chigirl | February 27, 2009, 12:12 pm 12:12 pm
Skip,
Not everyone who recognizes a bad idea or an injustice is a criminal. Sorry to burst your bubble but I for one don’t make anywhere near $250K. Considerably less. And when I say considerably I mean considerably. In a good year $60K. Not whining, stating a fact. I do it the old fashioned way – I earn it. But that does not change the fact that raising the taxes on the very group of people that are already paying close to 90-95% of the taxes is not only a bad idea it is idiotic. I suggest you read “Atlas Shrugged” then come back and have a logical discourse on what Obama Democrats are trying to do. I contend two things as a working person who has seen business from the inside. 1. Business should pay no taxes. None, nada, oopso. They are providing jobs and are improving the ability of society to function. Businesses are owned by individuals either wholey or by stock holders. As such they pay taxes on the profit. There is no earthly reason to tax a business except to provide the governments funds. Second, and this one will undoubtedly put your knickers in a twist: Everyone should pay taxes. No exceptions. Regardless of your income level there should be a price to pay. If everyone paid, regardless of their source of income they might think twice about how the money is spent. It is no more unfair to ask the person who made $20K to pay $200, than it is to ask the person who made $250K to pay $25000. You can holler how the person who made $250K can afford it more, but possibly the person who made $250K has expenses that they feel are appropriate that eats up all their income. Are they any better off than the person who earned $20K. Materally maybe. Maybe not since you don’t know what their expenses are. They might be caring for an extended family or a special needs child or using their money in some other worthwhile manner. The person who made $20K spent it on booze. Who should pay more in taxes? You don’t know nor is your place to judge how the money is spent. However you can be a part odf deciding how much each individual should spend in support of government.
Posted by: Bob | February 27, 2009, 12:19 pm 12:19 pm
chigirl…..The stock market is down 3000 points since your King took office.
That is not Bush’s fault.
That is the financial market voting NO confidence on Obama and Socialism,
The people who actually know and live by the actual numbers…..not what the DNC puts on NBC…..will mean for the country.
And the Stock Market says NO!
Joe Biden tells you what to believe and you do, he’s a dolt!
The actual people who know the facts, know that Obama is clueless when it comes to what is going on and what is needed.
Even your Beloved Hillary stated that FoxNews is the Fairest news org out there…..Dems hate them because they expose the lies……..
Posted by: Daniel Smith | February 27, 2009, 12:19 pm 12:19 pm
Hmmm….Let’s just check out what the Presidents of the Harvard, Yale, and all the other “Liberal” Universities earn….
Do you think it’s over 250K?
Do you think they will pay any taxes?
Nope, they will hide it and the Unions will provide them the avenues to do so…
It will be working class Republicans that carry this burden…….
Posted by: Daniel Smith | February 27, 2009, 12:25 pm 12:25 pm
Stop bickering over education level, who cares. I have known smart people who never received a high school diploma and idiots with PHDs. The ability to debate is a higher order thinking skill, which some do not possess. What I will say before I sign off is that no matter what happens enjoy life. I plan on eating, drinking,loving, smoking and laughing until the good Lord returns, and I don’t think it’s to far off. America’s fall from power is no surprise to Bible readers. Until then keep your eyes open so the truth will not escape you. And remember wisdom is a degree from above.
Posted by: Val | February 27, 2009, 12:27 pm 12:27 pm
Please read what you just wrote. You believe that the Presidents of Yale and Harvard will not pay taxes and that unions will provide the avenues to do so?? What reality are you living in? It will not be the ‘Republican working class’ that will bear any brunt. It will be those who make over 250k, regardless of their politics.
Posted by: chigirl | February 27, 2009, 12:31 pm 12:31 pm
“You are saying these evil rich people “transfered” this money from the poor to themselves…”
I didn’t say all rich people are evil nor did I say that wealth was transfered from the poor. The poor by definition don’t have much wealth do they? I said they transfered it from the middle class, though I can understand why there might be some confusion since the middle class looks pretty poor now.
Posted by: Skip | February 27, 2009, 12:44 pm 12:44 pm
Hmm….the Unions and the DNC are one in the same….there are and will be special shelters for these Liberals to hide their income. Or they will just pull a Gheitner, and refuse to pay their taxes at all.
If his own Cabinet cannot be trusted, then how can we trust anyone in the administration?
Regardless of politics? I would bet everything I own, that if the Democrats as a whole, earned what Republicans do, first, you all would not be crying for Socialism…..and you would fight any over taxation like you are laying on us now…..
Posted by: Daniel Smith | February 27, 2009, 12:49 pm 12:49 pm
Time to sell your stock interest in companies and liquidate. If you own a company -sell a part of it to reduce your taxes or better yet file bankruptcy. Close it up take your cash,put it in your mattress. Four years cannot pass fast enough. Get rid of your retirement accts now-liquidate and take the tax break now before deadbeatonomics kicks in!Recontrace with your employers to reduce your income for at least 2 yrs and then take a lump sum after 2012. Make deadbeat Obama and his tax evading crowd eat this crap while the economy comes to a halt and socialism takes over. Obama means to crash the middle class-no matter what he says-middle class now makes 250k a year in pay and in kind benefits and Obama will tax all of it. He is the worst president in the history of our great country!
Posted by: ctay | February 27, 2009, 12:56 pm 12:56 pm
chigirl…….You are missing the whole point of our opposition to Obama and his plans.
The American Dream is dead now, because of him. The incentive people have had for centuries to come here and be successful is gone.
Why come here, work hard, save your money, just to have Big Government take it away and give it those who refuse to work?
And who is Obama to decide what I should feel, think or need in my life?
You feel it is his Right to decide what I should want, or what my standard of living should be?
Am I allowed to decide that he and his minions obey our Laws, and then have them prosecuted for their violations?
America is the Land of the Free….right?
Free means NOT having one man decide how my life should be run.
Free means I can earn what I want without undo taxation to support those who refuse to work.
If you want Socialism so badly, then go to a Socialist nation to live, but do not force a failed form og Government down my throat after we have been a democracy for over 200 years…..
Posted by: Daniel Smith | February 27, 2009, 1:03 pm 1:03 pm
@ Daniel Smith:
The American dream died a while ago while the country was distracted by Iraq. W and his greedy cronies killed it. Don’t blame Obama for trying to clean up the toxic mess he inherited.
Posted by: Brad | February 27, 2009, 1:19 pm 1:19 pm
Brad…..that old line is tired. We realize you cannot defend your God’s lies, so you bring up a war we won.
Try telling us why I have to pay for lazy Democrats….
Explain to me why it is MY responsibility to pay for your laziness?
Now, your God wants a war with N Korea!
Am I allowed to whine and cry about how wrong that is like Dems have done?
No, Republicans don’t whine and cry.
We don’t riot, protest, loot, burn cars, murder, rape, all the things lazy Liberals do instead of working.
Your God wants a war with N Korea to avert attention from his pathetic Socialist plans. Just like Slick Willy did!
You Dems will never learn…..
Posted by: Daniel Smith | February 27, 2009, 1:28 pm 1:28 pm
Hey Daniel,
If you think Bush left the economy, our foreign policy, our security, our standing in the world, our educational system or our health care better than when he found it, you’re completely deluded.
Posted by: Brad | February 27, 2009, 1:33 pm 1:33 pm
I do not choose to be a common man…
It is my right to be uncommon…
If I can, I seek opportunity… Not security.
I do not wish to be a kept citizen,
Humbled and dulled by having the state look after me, I want to take the calculated risk, to dream and to build, to Fail and to succeed.
I refuse to barter incentive for a dole.
I prefer the challenges of life to the
Guaranteed existence; the thrill of
Fulfillment to the stale calm of utopia.
I will not trade freedom for beneficence
Nor my dignity for a hand out. I will
Never cower before any master nor bend
to any threat.
It is my heritage to stand erect,
proud, and unafraid; to think and act for
myself; enjoy the benefits of my
creations; and to face the world boldly
and say, “This I have done with my own hand,
I am a man. All this is what it means to be an American.
Dean Alfange over 100 years ago wrote this (He was a liberal)
Posted by: g | February 27, 2009, 1:47 pm 1:47 pm
G….
Too bad the Liberal Credo has changed.
Today it means the following…..
1. I will hate everything Democratic
2. My way or the Highway
3. I will blindly follow what my programmers say
4. I will not think for myself
5. The safety of a mouse trumps the safety of the nation
6. Laws are only to be followed by the other guy
7. We disavow any morals or ethics
8. We vow to not work, have tons of babies by many partners, get really cool sneakers and gold teeth and vow to rely on others to pay for us.
It’s so sad, but true. Not one Democrat can argue against that.
Posted by: Daniel Smith | February 27, 2009, 1:55 pm 1:55 pm
I just wish i could have my country back.
Posted by: g | February 27, 2009, 2:00 pm 2:00 pm
2010……Congress will go back to the People.
Pelosi cannot dictate after that.
And all this Socialist crap will be repealed.
Posted by: Daniel Smith | February 27, 2009, 2:04 pm 2:04 pm
If you think Bush left the economy, our foreign policy, our security, our standing in the world, our educational system or our health care better than when he found it, you’re completely deluded.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It wasn’t Bush’s policies that caused 9/11. Clinton had a hand in that.
Posted by: Jeanie | February 27, 2009, 2:12 pm 2:12 pm
Just watch how fast the economy rebounds after the Republicans take it back next year.
It won’t be run by the Unions and Special Interests anymore.
It will be back in the People’s hands…..
Posted by: Daniel Smith | February 27, 2009, 2:12 pm 2:12 pm
Obama voters have an ugly surprise coming and instead of cashing in, working people are going to get cashed out.
Posted by: JW | February 27, 2009, 2:15 pm 2:15 pm
Brad…..Clinton caused 9/11 FACT.
He bombed the Sudan to detract attention from his criminal activities.
He caused these issues today and the Democratic Congress has only made them worse.
Socialism will not fix what Liberals have done.
2010, we will be in charge again, and things will turn very positive, very quickly!
And somehow, Liberals will try and claim credit for a Republican turnaround.
Posted by: Daniel Smith | February 27, 2009, 2:19 pm 2:19 pm
It may have been the largest transfer of wealth from the middle class to the richest Americans in history, but the right-wingers want us to overlook that. — Skip,
I keep reading this statement no matter where I go. Would you please enlighten me as to how letting someone, anyone, keep more of the money they earned, could in any way, shape or form, be considered a transfer of wealth? Especially considering that these same people pay most of the government’s bills in the first place.
It’s already been established that the bottom half of wage earners in America don’t pay income taxes. That means that the only taxes they pay are user-based taxes for things like gasoline, sin taxes, or property taxes. Just wait until the cap-and-trade carbon tax comes along.
I personally don’t believe there should be any income taxes at all. I think that taxes should be based on what you spend, not what you earn. You spend more money, you get taxed more; you spend less money, you get taxed less; and if you fall below a certain spending level, you get your taxes paid back. That’s the Fairtax model.
But to somehow argue that letting people keep more of what they’ve earned as a transfer of wealth is just wrong. It’s not the government’s money, it’s the earner’s money. Just like estate taxes. It’s amazing to me how some people think it’s okay to divide a lifetime’s work between a family and the government; especially when the money has already been taxed (and I’m not talking about pre-tax investments here). Where I grew up it’s called stealing. Robin Hood is a myth.
Posted by: JCM | February 27, 2009, 3:17 pm 3:17 pm
Sorry, Daniel, but you really are suffering from a severe case of Clinton derangement syndrome. The idea that Clinton can be blamed for an attack on American soil 7 months after he left office but Obama can be blamed for an economic meltdown he inherited 5 weeks ago shows how truly threadbare your arguments are.
Go tell it to the Dittoheads. America isn’t listening to you folks anymore.
Posted by: David, NYC | February 27, 2009, 3:25 pm 3:25 pm
“Would you please enlighten me as to how letting someone, anyone, keep more of the money they earned, could in any way, shape or form, be considered a transfer of wealth?”
The Republicans had many clever ways to tranfer wealth. One way is to cut taxes for the richest Americans while there is a surplus, then run up a huge debt, and then pay it back when the middle class has to pay more. Another is to start a very expensive little war and give huge no-bid contract to all your buddies at taxpayer expense. Others commenters have posted good examples in the past related to shipping jobs overseas etc.
Posted by: Skip | February 27, 2009, 3:39 pm 3:39 pm
I am simply taking a page from the DNC Book of Blame.
The DOW crashing 3000 points because of Fears of Socialism cannot be blamed on the Predecessor.
Bush NEVER wanted us to be the Socialist nation that Dems need so badly, so Yes…….the economy crashing further, even after your Saviour SWORE he would create 3.5 MILLION jobs…..the bill HAD to pass IMMEDIATELY!!!!! HURRY!!!!
Now, we are worse off than ever! Socialism does not work, and Dems will never see past their own laziness to realize that.
He had to pass that crap in a hurry so no one would or coud read it. Pelosi and crew wrote it, The Chosen One never even read it…..but it HAD TO GET PASSED SO QUICKLY!!!!
OK, where is the immediate results he promised?
Could it be that the world does NOT agree that the US should be Socialist?
Could Dems actually be wrong?
They will never admit to that……Socialism never works, no matter what cute names you put on it.
The idiots that voted The Saviour in might believe the rhetoric, but thinking people do not.
Posted by: Daniel Smith | February 27, 2009, 3:48 pm 3:48 pm
In reference to your 7 month blame. Keep in mind that these terrorist SUSPECTS went to our schools to learn how to fly on Clinton’s watch. They trained for several years you fool. And in regards to your 5 week economic crisis theory. Barny Frank the DEM prevented any necessary actions to be taken when Congress was called on this issue. Your Obama was one of the lawyers who sued citibank in loan discriminating. He also had Acorn help with these give-a-loan to all program. A program that your Billsabob Clinton signed and passed into law. David, can your eyes see that far or are you to hypnotised by your prophet Obama too. I can gaurentee you David that this overnight celebrity is not Johova, just your new American Idol.
Posted by: james | February 27, 2009, 3:50 pm 3:50 pm
Don’t you all realize that Democrats are never wrong!
Gee, Slick Willy committed Perjury because of the darn Republicans!
He couldn’t be Faithful to his wife and Respect his Marriage Vows because of those darn Republicans!
He wasn’t really Impeached……that was an illusion created by the Vast Right-wing Conspiracy!
Obama NEVER actually knew “Rev” Wright…..the Racist!
Obama NEVER met with William Ayers, the Terrorist!
Obama NEVER EVER would want Socialism!!!
Come on people….wake up!
Us Darn Republicans are making all of this up!!
Posted by: Daniel Smith | February 27, 2009, 4:14 pm 4:14 pm
You know what the trouble is? We used to make (stuff) in this country, build (stuff). Now we just put our hand in the next guy’s pocket – Frank Sobotka
Posted by: Sobotka | February 27, 2009, 4:21 pm 4:21 pm
Oh, and eat this, too:
According to Gallup, Obama’s approval ratings have jumped to 67 percent. But the more ominous development for the GOP: Republican approval went from 27 to 42 percent in one week.
The louder the Rush Limbaugh wing of the Republican party whines, the more popular the president becomes. Keep it up, Rush!
Posted by: Brad | February 27, 2009, 4:42 pm 4:42 pm
What country in the Western hemisphere is on its way to becoming a Muslim Socialist country ruled by a puppet dictator?
Here is a hint. The country was formerly known as, The Republic of the United States of America before it was overtaken in a massive voter fraud election on 11/04/2008.
Posted by: A serious question for Democrats that they can't figur out or answer. | February 27, 2009, 5:19 pm 5:19 pm
So Gallop shows a post prime time ‘address to congress,’ big deal. No surprise there.
Rasmussen shows NO bounce, which is surprising.
Meanwhile, why don’t you check out the percentage of democrat respondents vs. republican respondents to the typical gallop, CNN, ABC, NBC, CBS polls — typically they include FAR MORE democrats than the percentage of democrats in the nation. Big surprise then that the polls are skewed left to varying degrees (NOT).
Immediately BEFORE the speech, Obama’s average “approve” percentage number was ONE POINT LESS than Bush’s poll numbers at the same point in his first term. Meanwhile, Obama’s “disapproval” number was significantly HIGHER than Bush’s at the same timeframe.
If you REALLY want to rely on polls, consider that at the same timeframe in his first term, CARTER polled far HIGHER than Obama or Bush.
Posted by: And Atlas Shrugs Yet Again | February 27, 2009, 6:16 pm 6:16 pm
The Republicans had many clever ways to tranfer wealth. One way is to cut taxes for the richest Americans while there is a surplus, then run up a huge debt, and then pay it back when the middle class has to pay more. Another is to start a very expensive little war and give huge no-bid contract to all your buddies at taxpayer expense. Others commenters have posted good examples in the past related to shipping jobs overseas etc. — Skip,
What irks me is the inference that only Republicans are rich and therefore it’s a Republican problem. I bet if you actually looked at who has money and what their political affiliation was, you’d find that Democrats now rival Republicans with that honor. So your argument rings hollow with me.
Anyway, I guess that based on your reasoning, that it’s now okay for the Dems to spend three times as much in one tenth the time? Just because of what happened before they got here? That’s very sound reasoning indeed! Obama is getting ready to go on the largest spending spree every witness in modern history and that’s the best you can do?
And one more thing. Can you honestly tell me that Obama signing an executive order directing that all government contracts will give preference to union labor is not taking care of his buddies? We have yet to see where all these earmarks and open-ended checkbooks lead us.
Posted by: JCM | February 27, 2009, 6:41 pm 6:41 pm
Obama has our country on track for an economic disaster that will have us thinking of 2009 as “the good old days”. This attack on achievement is exactly the wrong approach. Contrary to what is portrayed in the media, the percentage of taxes paid by the top 10% of is ALREADY higher than it has EVER BEEN. In 1980, the top 10% of income earners paid less than 50% of all taxes – as of 2006 – that has increased to more than 70%. At the same time, we are making more and more Americans into effective welfare receipients – those who take in services but contribute little or nothing to the tax coffers, and now receiving phony “tax credits” as lump sum welfare payments.
I wonder what the life circumstances are of those who pay so little in taxes vs. those who pay a huge amount of their income in taxes. Could it be that those who contribute so little have made bad decisions throughout their life, squandering their educational opportunities and failing to develop marketable job skills? Now, we are attacking those who do contribute to our society, and who likely HAVE made good life decisions, getting good grades in school, working hard to get ahead in their business careers. What are will really saying to these people? WE ARE ROBBING THEM!!! As Margaret Thatcher famously said, the problem with socialism is that sooner or later you run out of other people’s money. That is the path we are on.
Posted by: MichiganJim | February 27, 2009, 7:17 pm 7:17 pm
Sadly we all get to pay for the joke of a leader Obama is.
Posted by: gabe | February 27, 2009, 9:37 pm 9:37 pm
Hi JCM,
Do you by chance have a link to info on that Executive Order giving preference to Unions in Gov. Contracts?
I’d be VERY interested in that info!
Thanks!
Posted by: And Atlas Shrugs Yet Again | February 27, 2009, 10:48 pm 10:48 pm
The President’s budget is only exceeded in audacity by his stimulus plan. I am so tired of the blame game & class warfare promoted by the Democratic party as a means of gaining and keeping power. The mouthpiece is eloquent but the results are driving the country in a very dangerous direction.
We all have our problems but using individual problems as a springboard to blaming ones plight on the “rich” or the “evil corporations” is well beyond shameful. Congress is much more guilty of evil, greed or ineptitude then the targets they choose to pontificate about.
The budget proposal merely begins the official targeting for redistribution season. Anyone that thinks this stops at the top wage earners is foolish. The “haves” become a much broader target as this drags on and all you have to do is understand that if you make more than anyone, you will become a target of redistribution.
This country used to be made up of people who were self sufficient and prided themselves on that fact. For now at least the majority have forgotten the pride of self sufficiency because they are too busy latching on to the prospects of feel-good politics.
It’s about time to have the altering views heard and if the elected officials that hold those views are not up to the task, step aside because there are those that are willing to take the lead.
The conservative leadership is woefully lacking vision or backbone. Congress as a whole is an on-going joke and the President has free reign while everyone postures.
I wish the President the greatest success. I wish his existing policies and financial ideas back to the dark ages where they belong. Most of all I wish the American public would get involved, look beyond the headlines & grasp the changes taking place. We are “drinking sand” because we are too lazy to become educated about the issues and then demanding alternatives.
Posted by: Chris | February 28, 2009, 12:34 am 12:34 am
I just would like to ask all those who are saying that Republicans are fiscally responsible: is that to be fiscally responsible to leave the war with Iraq was out of the budget (by Bush administration). Is not it like if we, simple folks, “gorget” to include our mortgage or rent into our budget?
In addition, does anybody pays attention to the fact that the size of the Government grew dramatically under Reagan and G.W. Bush? Does anybody pays attention to the fact that Clinton converted the deficit left for us by Reagan into surplus and then G.W. Bush created the biggets deficit of that surplus. These are the cold facts. So PLEEEASE tell me why does somebody still things that Republicans the party of financial responsibility?
Posted by: AmericaFirst | February 28, 2009, 2:32 am 2:32 am
poster, AmericanFirst, your ‘cold facts’ and logic are a rather sloppy, soggy and lacking, which would explain why you’re having difficulty with the question you posed.
Clinton wasn’t responsible for the surplus — the republican controlled congress and Contract With America, which Clinton fought tooth and nail were responsible primarily for the resulting surplus — which slick Willy then proceeded to claim credit for.
Bush inherited a recession that had already begun under Clinton — I believe it was the last two quarters under Clinton that were found, after Bush was in office, to have already been in significant decline.
Add to that 9/11 occurring only 8 months into the Bush presidency, and subsequent “war on terror” and Afghanistan & Iraq wars and to not have had WORSE deficits is what is surprising if anything. Don’t bother trying the Bush RUSHED us into those wars either — they were fully debated over long timeframes in congress, and had BIPARTISAN support, INCLUDING the likes of Kerry, Clinton, etc.
Meanwhile, even WITH those things ongoing, the GDP and number of jobs and almost any other economic indicator you pick all were positive throughout the Bush presidency, until his final quarter.
Now lets consider that. DEMOCRATS retook control of BOTH HOUSE AND SENATE for the LAST TWO YEARS of the Bush presidency. I’d like to find the actual data, but vague memory is that they passed budgets each of those years that were LARGER than Bush had submitted — and at the same time castigated him for supposedly ‘cutting’ all sorts of programs in his budget when really he was also suggesting overspending, and those supposed ‘cuts’ weren’t cuts at all, just a slower increase than the Dems wanted. Granted, he could have vetoed the budgets they passed and he didn’t. Even so, ultimately its congress that is responsible for the budget, and that’s been the democratic party for the past two years.
Add to it the fact that Bush, McCain and other republicans tried multiple times to get that democrat controlled congress to rein in fanny and freddy, and Barney Franks, Dodds, and other dems in the then dem controlled congress blocked all of those attempts. Thus sealing the fate on the housing bubble and crash.
As to the ‘honesty’ of whether war spending was included in the budget or not — you are falling for Obama et al grossly disingenuous claptrap — not to mention comparing horse apples to oranges when trying to compare to fixed costs like mortgage or rent payments. The reason that war costs weren’t budgeted for in advance, is that you don’t KNOW in advance just how much a war is going to cost and the cost changes over time. The costs certainly weren’t in any way ‘hidden’ either – the supplemental appropriations were public knowledge and readily available information. What’s NOT so easy to ferret out, is how much of the supposed ‘war costs’ in those bills were actually earmarks and/or added amendments that were for costs TOTALLY UNASSOCIATED with the war or military costs whatsoever. There was a fair amount of that sort of crap tagged onto each of the war bills, and yet all of that stuff just gets added into the supposed cost of the wars.
Meanwhile, if you want to compare and complain about deficits — in 30 days Obama has managed to triple Bush’s worst deficit, with more yet to come. Probably even more than tripled if you recall that Bush ONLY passed the second half of the TARP on Obama’s direct request, so really that 350 Billion belongs to Obama & the Dem. Congress too. Pretty hard to carp about Bush deficits when your man and your congress turns around and produces, in such an incredibly short timeframe, by far the largest deficit ever since World War II!!! I’d agree Bush allowed too much spending and gov. growth, but his worst is NOTHING compared to the last two years of Dem congress plus 30 days of President Obama.
Posted by: And Atlas Shrugs Yet Again | February 28, 2009, 4:35 am 4:35 am
By destroying the economy it becomes easier to convert the nation to Marxism
It is all part of the plan.And then when they get all that they want with the proposed budget, they will do everything they said they will not do.
Posted by: JB | February 28, 2009, 6:43 am 6:43 am
the tax increases on those making over $250,000 per year are long overdue. Naturally, them getting caught up to are causing a lot of whining. The millionaires in the country have a free ride under Bush entirely too long and that is going to change. My income is so low that i cannot even itemize and a tax credit will not even apply to me. The tax revenue has to come from those that have the ability to pay.
Posted by: Don | February 28, 2009, 9:26 am 9:26 am
No one ever said the Republican’s have demonstrated fiscal responsibility over the past eight years & I believe I specifically stated that congress is a bipartisan representative joke. Give them credit; congress has demonstrated an ability to consistently be indifferent to anyones interest other than their own while serving as the perfect media sound bite for every cause. It’s a shame we accept this from our elected representatives and it is disgraceful that the media fails to properly report or investigate.
“$250K” simply implies we have gullible voters that actually believe the tax increases will end there. Tell me, does it hurt to be this limited in your grasp of direction or tone emanating from DC? While you are buying the “rich” line why not go to the DMV so you can gain first hand knowledge of how medical care by the government will work? Visit Canada or GB to see this great care in action.
Posted by: chris | February 28, 2009, 10:58 am 10:58 am
Don, I agree. Destroying the economy and our sense of security makes it easier to claim power. This has been the plan. Very smart…extremely dangerous.
Economic Terrorism at its finest!
Posted by: jean30096 | February 28, 2009, 12:55 pm 12:55 pm
Don’t blame the Democrats if you look at history the debt was racked up by republicans and thats a fact. So when you claim Obama is spending to much money, look at the history of republican revenue brought in compared to increased spending. Obama is at least putting money into our economy and not into the hands of the top 1% earners of this country. The country was built on middle class and if you keep sucking money out of the middle class pretty soon the country will fall, as Bush jr. has demonstrated in his 8 years. Also look at the history of republican policy, trickle down effect, it doesn’t work. Bill Clinton’s policies sure did though, why don’t you take a look at his policies.
Posted by: Dylan | February 28, 2009, 2:01 pm 2:01 pm
for as smart as the majority of you sound in your comments, you’re all fools….you focus on two party politics so much that you never see the truth right in front of your eyes….neither democrats nor republicans care about the common man….they are both slaves to corporate interests, neither of which helps out any but the rich….classicism has been around since mesopotamia yet you idiots can’t see it and choose rather to point your finger at anyone who disagrees with you….the government will make it harder and harder for poor people to make it, all the while funnelling billions into the elite of this country ….our country is a facade….we are not moral, we are not just…look at the actions of this country before preaching it’s values….half of the corrupt foreign dictators we hate so much were either set in place by our own gov’t or took power away from someone we set up in place….our country is based on christianity, with our leaders striving to shove that ideal down our throats daily….yet how morally right is that religion? crusades, salem witch trials, molestation accusations, supporting torture? this country has it’s priorities all messed up….
Posted by: poverty level | February 28, 2009, 2:13 pm 2:13 pm
Here is what I see from the comments posted by those who defens Republican policies:
- it takes a Democratic President (Bill Clinton) to have a House controlled by Republican to create surplus;
- but when Republican President has a House controlled by Republican they create hugest possible Deficit (G.W. Bush and Ronald Reagan)
It’s a very iteresting way of looking at things! In addition I see somebody below a Republican opinion taht the war in Iraq was not included in the budget because the price of the war could not be predicled. Are you aware of the fact that the price of the war was actually hidden by the White House/ Prices paid by the Army for ammunition and for gas were filed under “war secrets”? Do you know that American Army paid for gas per gallon more than the highest price per gallon that was paid in the United States? Do you know the name of the company in whose “honor” it was done and what was the affiliation of that company in the White House. I am sure you do. And if you know all that and are willing to overlook it – then you are putting party affiliation ahead of your country affiliation.
Posted by: AmericaFirst | February 28, 2009, 6:25 pm 6:25 pm
I have a big “so what” to all of this. The fact is, the tax-cutters have always favored the wealthy, with the idea that wealth will trickle down. Ha. You see how well that worked. So now Barack is moving back to the same tax base that got us out of the Depression, won the Second World War, and unleashed incredible prosperity for a generation. Republican policies put us in a Depression, lost Iraq, and unleashed terrible poverty. You pick ‘em.
Posted by: Swift63 | February 28, 2009, 7:09 pm 7:09 pm
It’s discouraging that so many people have forgotten our economic history. It’s like the 1970s never happened. I saw earlier comments saying that Obama is implementing the same policies that got us out of the Great Depression and gave us a couple decades of prosperity. We’ve forgotten that the world changed in the 1970s. We began to have global competition. In that environment over-regulated capitalism, high taxes and high spending failed. They gave us low economic growth (because of high taxes, high spending resulting in increased debt which crowds out private investment), inflation (because of high taxes–corporations pass this on to consumers, price supports, government-supported monopolies, and oil embargo), and high interest rates (because of high debt and bondholders’ doubts that we could pay it), things which I predict will return a year or two down the road, for similar reasons. History doesn’t repeat itself, but it rhymes.
The reason we’re in this situation is because government got regulation wrong: It regulated where it shouldn’t have (forcing banks to make bad loans), and not regulating where it should have (forcing mortgage originators to use sound practices). Otherwise, if we look at the history of what’s happened over the past 25 years since 1980, the market has worked as well as it can, and it’s the best system anyone’s come up with. Winston Churchill said that democracy is the worst system invented by humans, except for all the others. I’d say the same for a reasonably regulated market. There needs to be a “traffic cop”, but otherwise the government should get out of the way. It sucks sometimes, but it’s better than everything else that’s been tried, and what the Obama Admin. is repeating.
Posted by: piboulder | February 28, 2009, 10:56 pm 10:56 pm
To cut taxes has a sound reason to it and it spells $636 billion/10 years.
However, what will happen with cutting of spending? I thought big spending habits got the country into the debt in the first place. And what about the policies that support it?
Posted by: Ulaa | March 1, 2009, 12:00 am 12:00 am
Seven ways of stealing from budget
1. “Make an order”.
Speed limiters, for instance. Do you know why they appeared recently? And why they are being mounted three or even four in a row? The answer is very simple: capital authorities pay Uah 50000 for mounting the single one, while wholesale cost of it is Uah 300. They earn 100 times including installations maintenance. Sudden replacement of old traffic lights that took place all over Kiev hardly could be explained by sudden care of pedestrians ‘cause no “zebra” markings were refreshed .
Posted by: Alex | March 1, 2009, 3:55 am 3:55 am
Personal Responsibility is long gone!
Just listen to Democrats….NOTHING they do is ever their fault!
Did Slick Willy take responsibility for his PERJURY? Nope, he blames Republicans for “forcing” him to take that Owth in Court and then CHOOSE to LIE.
Today’s kids are corrupted by Liberal views…..they aren’t allowed to get an “F”….it might hurt their feelings.
This is all a plan by the DNC to get everyone 100% dependent on the Government.
Gee, the DNC says I am not responsible for anything….I’ll just wait for the Gov’t check.
Lockstep with no worries in the US…Osama dictating all of your Rights,if you have any rights left that is…..
Oh, but Pelosi will always have her Private Jets and Mansions. That’s part of the deal since she is Osama’s backbone as it is….
Wake up America, while it still IS America!
Posted by: Daniel Smith | March 1, 2009, 10:09 am 10:09 am
This spending will not help the economy get better or grow–please. Why are so many U.S. citizens ignorant regarding basic economics?
The underpinning of a vibrant economy is an honest electorate which then would be reflected in honest business practices and honest political leadership. Unfortunately, we have very little of these. We have too many at all corners of our society wanting something for nothing. Taking from others to give to others is NOT freedom. It is the cornerstone of literal communism and over time, ruins productivity.
When’s the last time anyone ever got paid their salary by a poor guy?
With the planned future spending, we will have less freedom, economic and otherwise, with the expansion of government control. It’s sad that so many have lost sight of what freedom is. Cradle to grave sucking on the government teat is not freedom.
With all this other crap they want to spend with non-existent $$, heck, why not government car insurance, government home insurance, how about a government-purchased house for everyone. Lord have mercy, have we lost our minds?!
This bozo wants $646B for a so-called health care trust fund. Have we ever REALLY had a trust fund for anything? EVER? How about the bogus Social Security “dis-Trust” Fund. What makes anyone think this will be any different than that legalized Ponzi scheme?
If you gave every citizen, not every family, but EVERY citizen $1 MILLION per year for health care, that would be about $380 MILLION per year to spend on health care. That’s a helluva lot less that $646 BILLION with a friggin’ capital B. Where to all those BILLIONS really go? Who gets this $$?
How about we just have our so-called leadership legalize counterfeiting? Our federal, state, and local governments are nothing but legalized Ponzi schemes and it’s our fault for expecting everything from a central location instead of sacrificing and living the American Dream our Founders intended.
Freedom isn’t free and either is the across-the-board “free lunch” some expect from Uncle Sugar. We’re getting what we asked for and Obama and other socialists like him are eating it up.
We don’t have to hope he’ll fail, he and his ilk just will. Socialism has failed everywhere it’s been tried. The question is what’s left after their done.
This is our Republic. We are not a democracy and were not established as one. We are a Constitutional Republic and our failure to know what that is (how many know the difference?) combined with other dishonesties has led us to where we are now.
God help us.
Posted by: TIM | March 1, 2009, 11:22 am 11:22 am
Here’s a real situation.
I make 256k a year, 80+ hour weeks, no paycheck until 36 years old (17 years college and professional training). I have a 750k mortgage that I had to buy with no money down. I have no savings and 50k of retirement. I have old cars that are paid for. I do not own fancy things.
Now, despite my enormous discipline, sacrifices, and delayed gratification – I not only have to pay my own inflated, upside mortgage (that’s okay as it was my choice), but I have to pay that of others. Apparently, my hard work and talent has qualified (obligated) me to work for others.
Here’s how it is working in real life. Because we anticipate the proposed tax changes, our family realizes we cannot send our 2 kids to our local private school. We will therefore take the spots in a charter school (which means that a more disadvantaged family who could have gotten in this school will not since the extra spots not used by us in the district in our top rated public schools were given to outside low-income families).
You say “oh, so you can’t go to your elite private school. boohoo.” Well, before I was paying public school taxes and not using them while I was paying toward additional salaries for workers at the private school. Now I will just eliminate the latter which means people lose jobs.
Also, we now have 2 children and wanted to put a room addition on our 3 bedroom house. We canceled this, which means less work and economic growth.
My wife and I have always dreamed that one day when training was over that we could get a small sailboat. We had been looking at some inexpensive ones, but we are not going to get one. We have also nearly halted all of our other discretionary spending.
I have also done the calculations based on the proposed plan. When it takes effect, I will actually give up one of my positions at work, which means I will loose a stipend of 10k. I will no longer be considered rich and the amount of extra tax relief I get more than make up for the drop. Funny, for working less I will actually have more money in the end by earning less.
Too many questions surrounding morality in this whole proposal. But the truth is, there are just many who think it is okay to take money from others because they need it or it is their “right”. I came from a low means family, put my education on credit, and earned what I have myself. People like me do not expect to be bailed out by others.
And even though it lacks morality, the real problem is around the fact that it will not work. I am flattered to be considered “rich”. The target of 250k was set because he knows you could generate enough cash among the real rich (those who have the option of having a job or not). To include working class folks like me will have a second edge to the sword. Not only will any discretionary spending stop, but these are extremely hard working people who are often small business owners, entrepreneurs and professionals that create jobs for others.
It will not work, we have a global, not national market. Increases in business and personal taxes only hurts those who are forced to live and do business only in the US. Very few companies have to remain here and talented individuals can always leverage their talents to an opportunistic world.
Posted by: TampaMD | March 1, 2009, 4:04 pm 4:04 pm
Tim…your math is wrong…If we gave 380 million people one million each, the cost would be…380 Trillion, not 380 million. Yeah, it’s little more…than the 600 million set aside in the health reserve fund. I know, after a while, 1 million, 1 billion, 1 trillion all start to look the same, more money than most of us have. lol.
Posted by: jake | March 2, 2009, 9:49 am 9:49 am
We may have lost this battle but be heard, write your congressmen ! We have two years to fight for the candidates who will be fiscally responsible. The damage Obama and his misguided followers are doing can be corrected and it will be. This is America, we survived Jimmy Carter and Bill Clinton and Obama will not do us in either. Don’t just complain, be active and part of the solution. Support good conservative candidates for your local, State and National elections. We can fix this!!
Posted by: DAL | March 2, 2009, 9:52 am 9:52 am
These taxes will effect us all. The cap and trade tax will be passed to every American. Obama is just not truthful and must be stopped.
Posted by: brian | March 2, 2009, 10:37 am 10:37 am
I don’t have the time to waste to read all these, just read the top and a few others- funny that TampaMD “had” to buy the $750k house! Even more so that he put his education “on credit”- uhm, read student loan> read government program,in the words of Bugs Bunny, “What a maroon!”. (Oh and the reason for the lack of an addition is because the bank won’t give you the extra $150k HELOC.) Why not employ people around your work place or directly around your home if you feel so bad?. Stick to meds Doc, otherwise go back to school and pick up econ courses.
Posted by: JBMN | March 2, 2009, 10:37 am 10:37 am
Obama has me fired up to get control of Congress and stop his socialist programs. He is destroying the American economy for the next 10 years. Enough, this is “change” we cannot believe in.
Posted by: brian | March 2, 2009, 10:39 am 10:39 am
Unfortunately it will be years down the road when those of you who voted for this idiot will look back and realize just how bad a job he did as President. Bush may have had his downside but Obama is quickly passing him in stupidity. Obama has no fiscal responsibility and is spending money he doesn’t have and will never have during his term in office. And Queen Nancy and Prince Harry are right there along with him, the modern day three stooges in action.
Posted by: sandcrab1612 | March 2, 2009, 11:24 am 11:24 am
Tired of this out of control government spending?
Sell your savings bonds! (EE Bonds, I Bonds, etc)
These things are put out by the Bureau of Public Debt, and when you purchase them or hold them, you are speaking with your dollars that you approve of government deficit spending and government debt which is now over 10 Trillion Dollars.
Boston had its tea party. America needs to have a bond party. Spread the word to everyone you can find.
Posted by: JFreedomseed | March 2, 2009, 12:56 pm 12:56 pm
I don’t understand something…..
The US Stock Market doesn’t like Socialism? Go figure!
The DOW at its lowest point since…GASP!…the Clinton Debacle?????
Democrat=Democrat…….
I am not quite sure how Liberals will spin this into George Bush’ fault that the Markets don’t like Socialism…..
But I am sure they will try!!!
Posted by: Daniel Smith | March 2, 2009, 4:08 pm 4:08 pm
The tax revenue has to come from those that have the ability to pay. — Don,
I have news for you, tax revenues have always come from those who can pay it. Did you know that research from the Tax Foundation shows the average tax rate for the bottom 50% was reduced under GWB by more than 1% from an average 3.02% for tax years 2002-2006 from an average 4.39% the previous ten tax years.
Did you also know that in 2006 the top 50% of taxpayers paid 97% of all income taxes? And of that, the top 10% paid almost 71% of total income taxes? If you do the math, that means that the middle class of America paid a whopping 26% of all income taxes.
Yepper, it sure sounds like top wage earners aren’t paying their fair share. [/sarcasm off]
Posted by: JCM | March 2, 2009, 6:34 pm 6:34 pm
I still have yet to see, from posters like JCM, any logical reason that we Republicans, are being forced to pay for the lazy Democrats?
Socialism only benefits the lazy at the expense of the hard-working.
And since we all know that the Democrats are the only ones to benefit from Socialism……guess what that makes them?
Why should us hard-working Republicans pay for all these Welfare babies and lazy people?
I would love just one Democrat to answer that question…..without blaming Bush for your laziness….
Posted by: Daniel Smith | March 3, 2009, 12:14 am 12:14 am
A little test for all those tax gurus who understand Obamas plan and like to throw around the $250K. I have a challenge for anyone who wants to participate. I challenge us all because its not the policiticans we need to believe but do our own research. EDUCATE ourselves. Don’t just believe it because YOUR guy said so. I am not going to tell you what I think of his plan yet.But I wan’t people to HONESTLY do reasearch and come up with the truth on the $250K. If you are not willing to look at it objectively then you are, in rather harsh terms, a political hack-A robot to the party. I will tell you that the $250,000 is part of your AGI (Adjusted Gross Income.)- This is your income before taking into account your itemized deductions to arrive at your Taxable Income. Go look at a 1040 or search the internet for a definition if you wan’t more detail. Some questions to ask. If I am structured as a sole proprietor how do my earning flow through to the AGI. Is it gross or net. If I am structured as a partnership or S-Corp how do my earnings/income flow through to the 1040. What number do I pull off the K-1 and where does it go on my 1040. What kind of expenses do I get to deduct to arrive at my taxable income. Lets see if I get a response from anyone. Good Luck to anyone willing to participate. And before I get any replys that I do not know what I am talking about. I do have a formal education to where I can talk about taxes with some authority. This is a great opportunity folks to educate ourselves.
Posted by: E | March 3, 2009, 10:54 am 10:54 am
My wife and I exceed the 250k limit pointed to by Obama. We are lucky.We did not obtain our current status because we work 60 to 80 hours a week. Nor did our decision to get master degrees have anything to do with our success. We both just woke up one day and puff we had great jobs and alot of money. We already pay close to six figures in taxes when fica and sales taxes are included. Now the “anointed one” plans to rid us of the Bush tax cuts, add his own percentage increase in tax, up the limit on FICA tax and cut our deductions for mortgage interest. I project that we will incur an additional 20 to 30k in taxes. The only way we can afford that increase is to stop any discretionary spending. Goodbye eating out(sorry waiter,cook and manager your fired), goodbye vacations (sorry hospitality workers your fired), goodbye big ticket purchases (mr. car saleman,your fired).
Obama plan will fail but will the media report it as a failure.
Posted by: John | March 3, 2009, 2:09 pm 2:09 pm
We too earn over the Obama $250 threshold and are very angry that our careful lifestyle and prudent choices will be held against us. We now see the foolishness of our ways and wish we had bought a house that we couldn’t afford and taken lavish vacations that we only allowed ourselves to dream about and bought the new cars every three years like those people who are now getting stimulus rebate checks,tax cuts and cramdowns on their mortgages. Talk about fair- this stinks and is compeletely unfair. We’re for a tax revolt! What are they going to do put us all in jail! Socialism is for the French- go live there if you want to see how that saps the incentive to make something of yourself. We are now telling our teenagers NOT to go to spend the time or money on grad school since it will now pay for itself your years later due to higher taxes, their added burden for being ambitious.(Obama wouldn’t know about paying for his education since his was free.) Hello mediocracy in America. Furthermore, the the tax gives us an incentive to cut back working to stay under the $250,000. Once again so much for “stimulus”. And we who have the means to spend to stimulate the economy will not. We will semi-retire early and watch this disaster play out. Obama is only an idealistic politician with no background in finance, economics, or business. With his grand ideas he is single handedly ruining our country-look what he has managed to do in the stock market in only about 45 days!
Posted by: kathy | March 3, 2009, 5:20 pm 5:20 pm
There is a really easy answer to America’s problems and it is much less costly than Hussein’s bailout.
Has anyone just asked Osamba Hueein, Queen Nancy, and dirty Harry if we gave them each a billion dollars a year to go live in Iran?
Posted by: Old Soviet Man | March 3, 2009, 5:42 pm 5:42 pm
I read a comment about a tax revolt that said they can’t put us all in jail. Be careful my friends as you do not know how this works. Large disident or re-education camps will be built here. The problem citizens who refuse their doses of reeducation will be quietly eliminated never to be seen again. Soon no more free internet without reprisals and no more oppisition press including TV,radio, movies, music. You will see my friends.
Posted by: Old Soviet Man | March 3, 2009, 5:47 pm 5:47 pm
Democrat’s “boy” been credited with destroying America’s resolve so fast or so completely. Congratulations President BHO (YOU WILL HAVE TO FIGURE OUT THE INITIALS BECAUSE YOU AR BLOCKED FROM SPELLING OUT HIS REAL NAME?) from Kenya or Hawaii. Thanks but no thanks!
Posted by: Honey Bee | March 4, 2009, 9:49 am 9:49 am
We held off buying a house after moving to CA despite seeing home $ up up up for yrs worrying about losing jobs for yrs since we kept changing jobs one after another due to downsizes in Pharma/boitech. At the same time, both my kids college tuition cost us 10K a yr. We didnt get deductions for mortgage like others while renting, still hoping when price comes down, we can buy a small something…now u know, my husband will be layoff again…and i told him, forget it, dun get a job. our kids can qualify for financial aid and we wont have to pay taxes and u and i can rest a bit. we still have a 13 yr old van which we used to drive the kids around and the sedan for work purposes for past 10 yrs. Now prudent is no use, u can help when u do nothing and wait for the govt to help bail u out. we’ve been priced out of the housing market because of the unqualified buying expensive mansion with pools while my kids lived in a small rental with us b4 going off to college…and the Banks lend them a million without seeing income and downpayment. i should’ve done that and now i will have govt help to lower my principle and get a 4 or even 2% mortgage to live comfortably and who knows, may be in 20 yrs, my kids can inherit this half free residence. stupid me!!!1
Posted by: lynn | March 4, 2009, 11:28 am 11:28 am
I meant private college tuition and living expense of 100K not 10K/yr out of our after tax moneys. I haven’t bought new clothes for a loooong time. With only charitable deduction as our itemize deduction since we didn’t buy a home out of fear of loss of job so we can support the kids college with our saving. I never even consider taking financial aid. We are hard working frugal responsible folks who dun want to take handouts. We finally made 250+ in the last few yrs after working almost 25+ yrs and the govt is taking every dime we can spare…no, i wont go get another job after the coming layoff. I wish i had an upside down mortgage for the govt to help me stay there…. very very frustrated. Why are we middle income ppl taking the responsilities of stupid CEOs, greedy mortgage brokers/lenders and “poor” folks who don’t pay much taxes to begin with. I’m sure after getting a good education, my kids are going to continue to pay taxes for those fools and lemmings who led the country into this mess. Taxes are taken out of my paycheck even b4 I was a citizen as a resident alien unlike thoes ppl up there who always seem to know those tax loop hose to avoid. I paid more than my fair share. almost half of our income are offered to various taxes now. When we used to own a home in the midwest, with property taxes and being in a 28% taxes, we were paying about 30%+ taxes (fed/state/ss/medicare/property/sales taxes etc due to deductions. I will immigrate somewhere else. Who wants to join me?
Posted by: lynn | March 4, 2009, 12:03 pm 12:03 pm
I heard a quote from Margaret Thatcher I believe: It went something like this: socialism is short lived because the taxed payors of the programs eventually stop paying.
I have lost all of my retirement. All of my 529 for my son. I worked very hard to keep up on all of my bills and went without vacations, new cars and big screen tvs. I’m what obama calls “rich”. I pay 20000 /yr in property taxes, 90 percent goes to schools which are sub par. I’m sick of footing the bill for every worthless social program and every lazy person, illegal immigrant and low life in the US.
We will revolt and stop paying, so help me God.
Posted by: mjishernameo | March 6, 2009, 11:33 pm 11:33 pm
I am relieved to see there are some people here who think the redistribution of debt and credit from borrowers and lenders is wrong. I am not worried about the long run for this will ultimately fail. How many years of set back we will have is another matter. I truly loved a country where from meager beginnings I could become what I wanted with talent and hard work. The way in many other places is via nepotism, cronyism and favors.
The U.S. however is like that kid born to the wealthy father who had worked hard and prudently to get his wealth. The father finds it difficult to teach the kid what it takes and the principles needed to create value to earn and hold money. The kid thinks those old values and considers his wealth a “given” and a right.
We have confused ourselves about what a “right” is. We have added to rights those ideals that are really wants/desires/wishes. A right is something that should never be taken from people – the right to protect yourself, to free speech, to assembly, to keep the things you have earned, to pursue happiness. A right is not something that has to be GIVEN to you. There is no right to a job, healthcare, cars, housing, food. These are great things to provide to those in need as charity, but how can there be any guarantee that those working around you can afford to supply that “right” no matter what the demand? Other people have to work to create those things and you do not have the right to enslave them to provide those things for free. Slavery is wrong in ALL forms.
This economic contraction is nothing new. It is a normal response to the excesses and poor investments of the prior decade. The “stimulus” monies will not influence it in any way. They money does not actually exist. It is a credit card to solve a credit problem and pass it on to others now and in the future, it’s that simple. It is immoral.
Unfortunately, it is being used as an excuse to bring fundamental changes into our society. There are just too many people who are jealous, envious, etc. who feel they did not achieve because someone else earned money off “their backs”, that others always make wealth by cheating their way, who don’t want to admit that in our society that those who do achieve are generally more talented, hard-working, entrepreneurial, intelligent, and physically strong. It is hard to think of yourself as one who does not measure up. I know what I achieved from so little and the immense sacrifice involved by myself and my family for me to do so. When other have commented to me how “rich” I am now, I always remind them that if they think it is such a good deal, that applications are always being accepted to the schools I went. With only 17 years of college, grad school, med school, internship, residency, fellowship – you too can do it.
For me, I’m not too worried. I worked this hard and positioned myself where I can be mobile and work in a private scientific industry abroad. People should realize that the number of the best and brightest foreign minds coming to the US has fallen sharply. They are choosing to go/stay in Singapore, China, India, etc. There is no law (at least not yet) preventing Americans to go elsewhere in a competitive Global market.
Cheers to those others here who have described their hard work to get where they are. It is you and your type who are my heroes.
Atlas Shrugged…
Posted by: TampaMD | March 8, 2009, 8:19 am 8:19 am
You know I am so sick of everyone pointing fingers at each other about what their “parties’” have done wrong or not enough of. It comes down to the simple fact that neither of the “parties” really actually run this country. The dictator-like government system we have in place running our so-called democracy has been partying with our money ever since the days we parted from our European counterparts. We all, even us little guys, really only keep maybe 40 to 50 cents of every dollar we make (if we’re lucky) because of all the taxes and even hidden taxes (taxes the average person would not know about) that have been in place for a long time and now here comes more. Think about it. Look into certain things you buy or are forced to have because of how our society is (car, electricity, fuel, phone, internet, sales tax, income tax, property, social security, welfare, road tax, cable, cell phone, alcohol, cigarettes(another 61 cents on that), etc. etc. etc.) and see how much of your money is going to taxes. Yea you can argue that some of the taxes are needed but do we really need to be paying all of them and then not even know for sure that the tax we paid really went to fund whatever the tax was needed for?? We all know that all of those taxes we paid didn’t always make it to the right place. And what is really screwed up is that there’s no way to verify that. We have given our government a huge piggy bank to joyride our hard earned money with and what have they done??? Borrowed 10 trillion more. And we support these people? I don’t understand why anyone would be proud to be a Republican or Democrat. Both parties are sick and play this big in-power game with one another and I will give them this, they’re damn entertaining on the Daily Show with John Stewart. Just wait till their brilliant idea comes out for the great North American Union when Wall Street really hits the fan. We haven’t seen nothing yet.
Posted by: Separatist | March 10, 2009, 2:22 am 2:22 am
We bought stock for our retirement portfolio after the Bush tax cuts and have enjoyed the income we are not in the “upper” economic group just retired government workers, teacher, human service, but we have gained from the Bush tax cuts” so not all the benefit went to the upper wealthy class. Now with the BHO leadership, our portfolio is 50% down since Nov 4, 2008 and many other “senior citizens” accounts are the same. Mr President lead or get out of the way. Tell Nancy P and Harry R to go fly a kite and stop the tax and spend philosophy. Look for smart, tax paying, help and do some history reading, U.S. History 1929 to 1940, big government spending did not cure the depression, Japan and Germany did. Mr O please stop, look and listen to the people before you totally destroy our nations economy, social structure and life.
Posted by: Chuck D | March 16, 2009, 8:57 pm 8:57 pm
OBAMA’S PLAN IS TO TAX OIL COMPANIES DRIVING UP THE COST OF GASOLINE, NATURAL GAS AND HOME HEATING OIL. WHO DO YOU THINK PAYS, THOSE THAT CAN LEAST AFFORD IT. ITS A TAX ON THE LOW AND MIDDLE INCOME FAMILIES. WHO DOES HE THINK HE IS KIDDING?
Posted by: OLD GEEZER | March 17, 2009, 5:34 pm 5:34 pm
And does this even include cap and trade??? Everyone who uses lightbulbs, hot water, cooked food, clean clothes…etc…will PAY FOR IT !!!
Change we can believe in!
YES THEY CAN ! (tax us to death)
Posted by: mjishernameo | March 20, 2009, 9:35 pm 9:35 pm
250,000 seems like alot of money but what about those who came from nothing and worked their ways up and now just make over 250,000? Is it fair to take it away from them after how hard they worked to get there? Those private business who make over 250,000 wont when this plan takes place they will just accept less patients or jobs and then those who make the 250,000 and dont own the business and cant do that have to pay…. Its not fair and those private businesses I dont blam them because it will hurt them and I would make sure I would not make over 250,000 either. I am studing to become a teacher so I wont have this probleme with making 250,000 but is this really fair? Shouldn’t you work hard and keep what you worked for?
Posted by: nick | March 25, 2009, 3:36 pm 3:36 pm
just a note. costs of college right now.
the average price for tuition at a private four-year college was $25,143 in 2008-09. That number is up 5.9 percent from last year. Those going to a public four-year university can expect to pay an average of $6,585 in tuition each year. That number is up 6.4 percent from last year.
again. that one person’s taxes you’d pay for possibly four less fortunate people to go to college. and that the good colleges. that 1. 1!!! person’s taxes could pay for almost twenty college tuitions to a public school. thus allowing us a more educated nation, thus allowing us to basically make more money, and increase tax revenue even more, and getting us OUT of debt. and that’s one person’s taxes. one person at bottom of top. ad in all others, and I think you can see, the while individually, very few Americans can afford health care or college, together, we could easily pay for it all. by only raising taxes on the top bracket 5 %.it is doable, and nessesary for our future. on top of that, imagine cutting the military’s budget even a tiny bit. 5% is about 69.455 billion dollars. boom, ten years pays for the first bailout all on it’s own right there.now picture ten percent cut. 5 years, and in ten half the second paid off.add to that the quite likely extras after paying for healthcare and free college educations, then the cap taxes for the enviornment, and boom. all bailouts paid in ful, and those ar such a large part of deficit. pay those off in ten years. by raising the top 5 % and decreasing the military by 10 % and even leaving all else same as is now, with universal free healthcare and education, and we have balanced the budget. after that it’s surpluses. please just stew on that thought. a fully modern, advanced nation, WITH budget surpluses in just over ten years. imagine true equality and freedom in America. Imagine us once again leading the world in educated people. imagine seling off oil to china, cause we don’t need it any more. now WE get rich off oil money. this is why I am a liberal. for this vison of a better America.
this began as a note, but became my own budget sugestion. wow.lol.
Posted by: crowlzor | March 27, 2009, 2:35 am 2:35 am
Wow, it’s really easy to read all these posts and think – “You guys are all really stupid.” Nevertheless, it is very entertaining. Thanks guys (and gals)!
Posted by: The guy that walks to work because he chooses to. | April 2, 2009, 8:00 pm 8:00 pm
Wow! The ignorance and fear mongering is at a fever pitch here. You people that scream about taxes border ridiculous. You are mad a Obama for trying to fix a mess your boy GW made. He was handed a balanced budget, and a surplus and what did he do? Drag the country into the biggest mess since the great depression.
First he can away the surplus in the form of $300 checks. Lowered taxes for the rich without a way to pay for it. Then started an ill advised war in Iraq. That’s the person you should be angry with. I the big tax raise is just letting the budget crushing tax cuts Bush put it expire.
You, “I don’t want to pay any taxes on my hard earned money,” people are the first to call the gov’t when a pot hole appears in front of your house. I don’t see you taking your Bush provided savings and paying for road repairs.
No one wants to pay high taxes, everyone complains about Gov’t programs…until they need them.
Posted by: Dwayne | April 3, 2009, 3:01 pm 3:01 pm
brilliant! raise taxes on businesses that are already fighting to survive, you are a smart one, Dr O…
many of my friends who usually spend their time and money starting new businesses (ie innovate, compete, create value and JOBS) have told me that they are going to buy gold and sit on it. the taxes obama is putting on them takes away incentive to actually do anything. he is destroying this country, and it is so blatant it almost seems malicious…
Posted by: sam | April 10, 2009, 2:03 pm 2:03 pm
barack hussein obama
Posted by: allison | April 12, 2009, 2:05 am 2:05 am
Now wait a min. Some People need to make up thier mind when it comes to the oil companies, Do we either tax them like everyone else in which with the reapling of said taxes from the artical
(refersher
13 billion – repeal manufacturing tax deduction for oil and natural gas companies)
or do we let them keep on getting billons of dollars in profits and still let them raise up gas prices (which they can do pretty much when ever). Now I could have sworn that every one was complaning about BIG oil companies getting tax breaks and now they are being repealed and some poeple are getting angry over it. And it is not like they are adding a new tax on them they are repealing the tax breaks on the taxes that everyone else pays in different sectors and taxs that where already in place in the oil sector that have not been enfored.
Posted by: Ray | April 14, 2009, 5:24 pm 5:24 pm
Assuming a person that makes $250,000.00 a year worked 40 hours per week and 52 weeks a year (which they wouldn’t) they would still be making over $120.00 per HOUR! And there are many, MANY people making WAY more than that. CEO’s are not kings or geniuses.
Talk about gall. Those rich, fat cats have the nerve to complain about paying more taxes when they have totally lost touch with reality. They make money worthless.
Now lets see them justify their extravagance to a person making minimum wage and barely getting by. (and waiting on them hand and foot)
Why is it considered “socialist” to consider that all people should be treated equally and that while some may get an education and make more than others no one is worth $120.00 per hour.
There should be a maximum wage as well as a minimum wage to keep the greedy, fat cats from making money worthless. Because they will be willing to pay extravagant prices for something which makes the products prices go up. But the minimum wage people still make minimum wage.
How about $10/hour minimum and $100/hour maximum. Sounds fair to me and the people that paid for their education can still brag that they make 10 times more than someone.
But $100/hour is still over $200,000.00/year and should be PLENTY for anyone to live on. This would also bring the rich CEO’s back to reality.
Posted by: Will | April 21, 2009, 12:52 pm 12:52 pm
to “Posted by: Will | Apr 21, 2009 12:52:11 PM”
what the hell is going to be better in your life by putting a limit to what some one can make? You must be some type of hourly worker with little education to say something so stupid. Get your GED and maybe you can break through minimum wage.
There’s nothing wrong with making money and in a “Free” market people are paid what they are worth, sorry your on the low end of worth to the business community. I only assume that becuase your silly statement.
Posted by: steve d | May 2, 2009, 3:52 pm 3:52 pm
Good, these are loopholes that allowed Chevron/Texaco to earn $10Billion per quarter taking our natural resources for free (because Bush’s oil team wouldn’t collect on leases or enforce tax laws). And I’m sick of hearing that people making over $250K will be taxed more. It’s only money earned ABOVE $250K that is taxed more. People who make $260K have taxes on their first $250K REDUCED. Think of a sound board where all levels are reduced except for a slight uptick in the highest treble range. Better sound all around.
Posted by: James | May 7, 2009, 12:12 pm 12:12 pm
Hey everyone, I have a plan to make all of you feel better!
As we all know the Republicans feel that the armed forces can never be big enough, and they fully support an aggressive stance against “terrorism”, “drugs”, “socialism”, and many other world “evils”. Of course all of this war making costs TONS of money… approximately 30% of 2008 tax receipts. So lets assume that 30% of our 10 TRILLION dollar national debt came from defense spending.
So, you Republicans can rest assured that ALL of your tax dollars are going to REPAY this 3.4 TRILLION dollars in debt, and NONE of it is going to “support people too lazy to work”! AFTER this 3.4 TRILLION dollars in defense related spending is paid off, THEN you can start bitching and moaning about supporting lazy people. Until then you can not argue that your taxes are too high, since your are simply paying for those programs YOU APPROVED OF!
As for Democrats, since the other 6.6 TRILLION dollars in national debt went for SS, Medicare, energy programs, and other liberal causes, just assume that YOUR tax dollars are going to pay down these items, and is not being spent on war making.
See how easy that was! Money from the right will be paying war debts for the next 80 years, and money from the left will be paying for social/environmental programs for the next 80 years.
AFTER one side or the other finishes paying their debt, we can start worrying again about “who will pay how much for which programs”.
Posted by: Rationalist | May 7, 2009, 2:26 pm 2:26 pm
I read that if you were going to count up to a trillion dollars, at the rate of one dollar per second, it would take you 38,000 years to count it! Trivia for the day!
Posted by: Mom | May 7, 2009, 2:29 pm 2:29 pm
Too much taxes destroys our standard of living.
Posted by: Participant | May 7, 2009, 3:53 pm 3:53 pm
STATE SOVERNTIE UNDER THE GROUNDS OF VIOLATIONG THE STATE AND FEDERAL CONSTSTUTION
Amendment 1 – Freedom of Religion, Press, Expression. Ratified 12/15/1791. Note
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.
Amendment 2 – Right to Bear Arms. Ratified 12/15/1791. Note
A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.
Amendment 9 – Construction of Constitution. Ratified 12/15/1791.
The enumeration in the Constitution, of certain rights, shall not be construed to deny or disparage others retained by the people.
Amendment 10 – Powers of the States and People. Ratified 12/15/1791. Note
The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.
STATE of UTAH
ARTICLE I
DECLARATION OF RIGHTS
Section 1. [Inherent and inalienable rights.] All men have the inherent and inalienable right to enjoy and defend their lives and liberties; to acquire, possess and protect property; to worship according to the dictates of their consciences; to assemble peaceably, protest against wrongs, and petition for redress of grievances; to communicate freely their thoughts and opinions, being responsible for the abuse of that right.
Sec. 2. [All political power inherent in the people.] All political power is inherent in the people; and all free governments are founded on their authority for their equal protection and benefit, and they have the right to alter or reform their government as the public welfare may require.
Sec. 6. [Right to bear arms.] The people have the right to bear arms for their security and defense, but the Legislature may regulate the exercise of this right by law.
Sec. 15. [Freedom of speech and of the press. Libel.] No law shall be passed to abridge or restrain the freedom of speech or of the press. In all criminal prosecutions for libel the truth may be given in evidence to the jury; and if it shall appear to the jury that the matter charged as libelous is true, and was published with good motives, and for justifiable ends, the party shall be acquitted; and the jury shall have the right to determine the law and the fact.
Sec. 25. [Rights retained by people.] This enumeration of rights shall not be construed to impair or deny others retained by the people.
Sec. 27. [Fundamental rights.] Frequent recurrence to fundamental principles is essential to the security of individual rights and the perpetuity of free government.
we need to try to git the states to declare independence from the federal government under the tenth amendment by protesting in each and every one of the states and going out and letting people know what is going on and that the federal government is trying to take are rights away by keeping the citizens of are country seared so that there willing to let the government take there right away to fill safe i think its should be considered high treason for any elected official to take bribes doing special favors for individuals companies or serene groups of people that want more money and power so that there in control of are government after all the government is WE THE PEOPLE but be hind it all the federal reserve is in-control of are government because are government is so far in debt for all the introits from the money that are or should i say we the people barrow from the federal reserve our government has how power or authority over the Federal reserve its a privately owned bank that has nothing to back up the money that it prints thats why they call it legal tender more or less monopoly money this has happened once before when are founding fathers created this beautiful country and are 3erd president tomes Jefferson seen what the banks were doing and how they were trying to control the government and he put a stop to it he striped the banks form there power to making and controlling our governments money and started the greenback ore should i say the gold standard the first time and only time our country was debt free and our money hod no introits attached to it we have come full circle for what our founding fathers fought so hard the git away from we need to start letting people know that they have right and what are government is doing is wrong and there violating our rights as citizens and want to punish us for us protecting our rights and letting people who brake the law by come here ill-legally citizen ship to them and more or less telling them good job and giving them a pat on the i think thats bull crap and the elected officials that want to promote people that commit any crime or people being here ill-legal should be healed accountable for those people how commit those crimes its time we take our country back from this cropped government that says that there representing the citizens of America when there representing the big banks, corporations and illegal immigrants in our country they need to start doing what the citizens of our country or should i say you and me tell them what to do they need to stop spending our money taking our rights away and dictating the states what to do they have the right to govern them-self’s as the people see fit in that state
Posted by: kyle | May 7, 2009, 4:59 pm 4:59 pm
To all of us poor people out there making less than $250,000 per year, that Obama promised our taxes wouldn’t go up, for those of you that smoke, they just did!
Sure, you’re not paying more in income taxes (assuming, you are still working), but, if you still smoke, you have to come up with $1.00 more today, July 1st 2009, per pack of cigarettes!
Since, most people who buy cigarettes, earn less than $250,000 per year, Obama just raised taxes on the poor! (See, how he gets around that.)
And for those who voted for Obama, and smoke, I hope are enjoying who you voted for, because, there are more taxes to come.
Posted by: FLRep | July 1, 2009, 2:25 pm 2:25 pm
Concept of money(barter this method) has never really worked. We should work together on make ourselves evolve into a better species overall.
Posted by: Don | July 5, 2009, 11:35 pm 11:35 pm
So long as we don’t have the loonie xian right in charge, I don’t really care what Obama does.
Posted by: PoohPooh | July 17, 2009, 10:04 am 10:04 am
Hey Will, Why hate on success? Maybe the people who are making minimum wage should have worked towards getting a college degree. Student loans and a part time job got me through college so i wouldnt make minimum wage. If you decide to have kids in high school thats no ones fault but yours. Love your fairness and Fat Cat summary. What a loser. Keep complaining.
Posted by: Lauren | July 29, 2009, 11:30 am 11:30 am
Love the liberals spin on the Bush Tax Cuts saying they only help the wealthy. The #1 reason they were put in place are to create new jobs. Why should one group get a tax cut and another not? Is it someones fault for being successful??? Why penalize success when they are the ones who pay for the majority of our “so called great” government programs. MAybe everyone here forgot why we sailed to America. It was to get out of heavy taxes and tyranny. Why do you think the constitution was set up? We are a republic, not a democracy. We have a set of laws so things like this never happen. And by the way. The housing market did this to our economy, dont think you can blame that one on Bush. Look back into the 90′s when they passed acts so there would be pressure put on banks to give loans to people who normally wouldnt qualify. If anything wars actually help the economy(parts, machinery etc.) Learn some history. All of you.
Posted by: Todd | July 29, 2009, 11:37 am 11:37 am
Dewayne, Bush didnt create the housing crash. That would fall on your boy Clinton. He and his fellow dems in the 90′s if you remember passed an act that put pressure on banks to allow people who wouldnt normally qualify for housing loans buy more than they could afford. Look it up. Nice try. The iraq war and increased spenoing messed up our budget, but not our economy. Get your facts straight.
Posted by: Todd | July 29, 2009, 11:42 am 11:42 am
One question Republicans..
Why weren’t you going around the country with your tea parties when Bush ran up 1 trillion in debt since this is supposedly about government spending but we all know it is the messenger and not the message.
Can I just get one individual to answer that question.
Posted by: Just Me | September 15, 2009, 9:40 pm 9:40 pm
This is hilarious!!! It’s better than comedy central. It’s like fly paper for idiots.
Posted by: Noidnar | November 9, 2009, 3:29 pm 3:29 pm
Solutions:
No political parties at the federal level with one election campaign fund shared by all qualifying candidates equally for any federal elected position funded by allocation of federal budget. Only $100 campaign donation allowed from individuals only with full disclosure of donor.
Balanced Budget Constitutional Ammendment.
Flat tax system, same % for all, no deductions.
All lobbyist activity must be done in open sessions of congress.
I know it’s just a dream!!
Posted by: Charles | November 10, 2009, 11:14 am 11:14 am
Just look at how many time gas and oil get taxed!
Get ready for skyrocket high gas and heating prices. Also the price of everything else to go up, that stuff has to be shipped by someone.
Posted by: Kate | November 19, 2009, 7:06 pm 7:06 pm
vote no on anything going forward… let the government eat their own young
Posted by: Fiscal Conservative | November 22, 2009, 12:14 pm 12:14 pm
Listen there are three things that inevitable in life: Birth, Death, and taxes. I’ll pay a little more on taxes to get this country funded and back on track. I will not vote for tax cuts for big industries and business which literally HOARD money. I dont have a problem with companies being successful, but with great success comes great fiscal responsibility. While the economy spirals downward and exxon is producing record breaking profits, something is wrong.
Posted by: john | December 11, 2009, 2:15 pm 2:15 pm
Has anyone noticed how the cost of living goes up everytime the government raises taxes? Do you really think that the CEO’s and owners of big business are targeted for tax hikes? It’s their goods they sell (profits) that get taxed. So when the government raises taxes they (the businesses)simply raise the cost of those goods to compensate or lay off workers. Guess who really pays for those tax increases? the consumer does. Wake up America! Has anyone noticed the price of food? Heating fuel? Smokes? Health care? Yeah, all the things we need or are addicted to, the prices are going up. By the way, try to get a job from a poor business. For all of you lazy slobs who want government to raise your kids and your life move to another country. that’s not what this counrty is about. Be responsible for your own life and actions.
Posted by: US citizen | December 25, 2009, 10:13 am 10:13 am
Great thinking Will lets put a cap on how much a person can earn. No one is worth $120.00 per hour? Tell that to the surgeon if you end up needing open heart surgery. Tell it to your lawyer if you get falsely accused. No one has the right to tell someone what they are worth. Worth is relative. How do you determine worth? By skill, knowledge, experience, personal feelings, or anyone of the many ways a person can be of value. Let’s not forget that those “Fat Cats” can be out the door with one mistake so they better get as much as they can before a mistake happens. I am currently working under my fourth boss in 3 years. I could do the job, but I wouldn’t take it because it doesn’t pay enough to deal with the headaches. Not to mention I with a little overtime make more anyway. Now if the job paid would give me a 30k per year raise sure I would buy some aspirin to deal with the headaches and take the job. If we did it your way the only people taking those job would be idiots. Next time you have a thought just let it go.
Posted by: Billy | January 15, 2010, 9:25 pm 9:25 pm
I want Barney Frank’s head on a plate. Unfortunately, he’ll be re-elected. Because the morons that voted for Obama are the same morons that have no idea
A) Who Barney Frank is
B) How Barney Frank caused the economic crisis we’re in now
C) Will vote for Barney Frank again
I live in MA, I was proud a few days ago. I am now back to being ashamed.
Ashamed of the fellow morons that surround me.
I am sorry America.
I truly am. This state is the front-runner in destroying this country…and I live here.
I really don’t know what else to say but I’m sorry.
Posted by: Paul | January 30, 2010, 10:47 pm 10:47 pm
When did billion become such a small number….seems like money is just coming from thin air. Fiscal discipline is now a forgotten art.
Posted by: andy | February 2, 2010, 9:10 am 9:10 am
This is outrageous and unsustainable. New businesses will not startup or go elsewhere. Not to mention more jobs will bed lost…less people working=less peole to receive taxes from=more govt debt to pay for unemployment,welfare programs…we are on a downward spiral. Nov 2010 needs to come today!
Posted by: @freedom4usa | February 2, 2010, 10:52 am 10:52 am
My wife and I worked our tails off through college and university. Stacked loan on top of loan. Worked till we ached, only to go home and continue studying. And after years of struggle, we started working and gradually our income has gone up. After years of delayed gratification, our income adds up over $250,000 per year. We know we are lucky. But we also know we worked non-stop, nose to the grindstone, to get here. And our reward is to be punished by this Government; we are somehow the ones responsible to bail out these out-of-control politicians. These folks that do not produce anything. Folks that spend money that does NOT belong to them. And they spend it with no restraint. Whereas you and I burn hours trying to figure out how to balance our budgets, these guys burn money that does NOT belong to them in stupid projects with no accountability. These politicians who did not perform their most important task. And whose negligence led directly to the economic meltdown. After all, the only role of Government is to Regulate, Legislate and Enforce the laws of the land. Their lack of oversight on Wallstreet led to the crisis. And now we, hard working citizens, have to pay for their egregious mistakes! This bunch should be prosecuted for negligence. Instead we are forced to bail them out by having them steal more of our-hard earned- money. Welcome to a state of zero accountability. Welcome to Socialism.
Posted by: AlexM | February 2, 2010, 10:35 pm 10:35 pm
“Listen there are three things that inevitable in life: Birth, Death, and taxes. I’ll pay a little more on taxes to get this country funded and back on track.”
IDIOT. The government is not a charitable organization. How about we cut spending to get this country funded and back on track?
People like you shouldn’t be let out of your house.
Posted by: Jack Savage | February 13, 2010, 2:22 pm 2:22 pm
Great Information! We will share this with our interested clients.
Posted by: NetBasis | February 26, 2010, 2:42 pm 2:42 pm
The tax man cometh, again and again and again.How many more times is government going to over spend and waste money until this country wakes up? How many times has some idiot said “I don’t mind paying a little more taxes if it helps this or that” Look at your utility bill, your phone bill, packed with extra taxes. How they want to put extra taxes on top of taxes for selective products. And of course some idiot named Obama wants to add a tax on top of tax called VAT. Isn’t that special. To me it seems that most of this is taxation without representation. So just keep laughing at the tea party, until you can’t laugh any more.It’s going to get even more hilarious when they run gas up to six dollars a gallon, and even more so when they try to blame it on greedy evil oil companies. Oil companies can only dream of making the profits government makes, for doing nothing but obstructing. Just keep carrying this administrations water. Sooner or later you’re going to put it down, it will be just to dam heavy, and not very funny.
Posted by: Indy | April 4, 2010, 9:20 am 9:20 am
I’ve placed myself as tax exempt. I’ll not file income taxes anymore. I will not support this government any longer. I have had enough of the left and the right! It is time to take a stand and tell the powers that be that we are not going to be their cash cows any longer.
Many of you sit here and cry on message boards but never take real and substantial action. You really want to make a difference? If enough people stop paying their salaries then they’ll be starved out! But I doubt most have the courage to do something real outside of hiding behind these message boards…
Posted by: Kevin | April 7, 2010, 10:46 am 10:46 am
This ultimately is why I am a liberal: my principal goal from government is efficiency. I want my government to be good at maximizing human utility. If that means the market should be brought to bear in many cases, then by all means let the market set prices. When in other issues the market fails, I want the government to step in and nudge things in the right direction. Draconian taxes hurt the economy, but defaults on debt or huge inflation would hurt a lot worse, so lets find a way to raise taxes that hamper economic growth as little as possible. Political dogmatism doesn’t interest me, I just want to be right.
Posted by: Christopher Carr | April 13, 2010, 11:43 am 11:43 am
Read deeper than the numbers -
Repeal of Bush’s tax cuts? 3% increase in a time when our governments are broke, until they become more fiscally sound they need a bailout as well. We can let them bleed forever or else the country will crumble on itself.
$210 billion – international enforcement
Taxing people evading taxes through offshore accounts…and there is something wiht this how?
$61 billion – repeal LIFO
The is the biggest scam tool of wall street for the past 10 years.
The majority of the other taxes levied are repealing of taxes breaks for oil companies that benefited from loose regulation and taxes under Bush. Cry me a river.
Posted by: Travis | April 15, 2010, 5:09 pm 5:09 pm
Read deeper than the numbers -
Repeal of Bush’s tax cuts? 3% increase at a time when our governments are broke, until they become more fiscally sound they need a bailout as well – unfortunately. We cant let them bleed forever or else the country will crumble on itself.
$210 billion – international enforcement
Taxing people evading taxes through offshore accounts…and there is something wrong with this how?
$61 billion – repeal LIFO
The has been the biggest scam tool of wall street for the past 10 years.
The majority of the other taxes levied are repealing of taxes breaks for oil companies that benefitted from loose regulation and taxes under Bush. Cry me a river.
Posted by: Travis | April 15, 2010, 5:10 pm 5:10 pm
Mr. Carr’s comments are revealing. He wants government to nudge the market in the right direction when there is a problem. The problem with this view is an assumption that a central planner can ever know the “right direction.” Aside from the obvious issues of external influences (money, bias, power preservation), the key problem is that no central power can have enough information to direct the market. Power can be centralized, but knowledge is and always will be diffuse. This is the beauty of the Constitution’s original intent of a weak Federal Government- power is vested in the individual states, diffuse as the knowledge upon which decisions must be based.
No better example of the knowledge problem is the CRA and its unintended consequences. Banks were “nudged” into the direction of loosening home lending standards, based in part on faulty information, and twenty years later, defaults and foreclosures are at record numbers.
This is why I am a conservative. I know that no central government can be smart enough to know how I or anyone else should spend our money.
Posted by: Dennis Pemberton | April 16, 2010, 6:46 am 6:46 am
I’ll give you a response to your question . . . we didn’t need to because it wasn’t Bush who ran up the trillion $ debt. That started in 2006 when the Democrats got control of the House and Senate. Therefore, it isn’t a Republican problem, it is and always shall be (look at the trillions Obama has run up in just 1 year!!!) a Democrat problem. Conservative is the best answer.
Posted by: Becky | April 16, 2010, 3:25 pm 3:25 pm
Put me on emails
Posted by: Mary Rafferty | July 3, 2010, 5:56 pm 5:56 pm
We need Palin in ’12. She is an absolute genius! She will turn this mess around in six months and get back to the land of milk and honey, a BMW in every pot and a turkey in the bank, by golly! Go Free Market!!!
Posted by: Wilyum | July 4, 2010, 12:04 pm 12:04 pm
Everyone have a Safe and Happy Fourth!!
Posted by: Wilyum | July 4, 2010, 12:06 pm 12:06 pm
Look here….
Does anyone REALLY think that taxes being raised on the corporations will do anything to them at all??? If corporate bottomlines go up then the prices of the goods they manufacture will go up! Stop naively thinking that tax increases on any one class of people will somehow isolate YOU from that expense. Have the cigarette companies failed due to high taxes on their products? No, consumers of cigarettes are paying the price. The exact same thing will happen if oil is taxed, or anything else is taxed. Those products will simply become more expensive. Enjoy your banana republic welfare state and watch the corporate world laugh at you. Companies like Goldman-Sachs are the biggest contributors to Democratic/Progressive candidates…yet they are part of the so-called problem on Wall Street being “fixed” by the current administration… wake up and take notice of these things.
Posted by: Paul | July 8, 2010, 5:31 pm 5:31 pm
AS A AMERICAN WHO like many I am a Veteran
we served this Country of our to keep it
Free we took an Oath just like these so
called servants who are from the top down
PRESIDENT VISE PRESIDENT SENATORS REPRESENTATIVES ETC REMEMBER THE CONSTITUTION SAY’S WE THE PEOPLE IN ORDER
TO FORM A GOVERNMENT SO THE GOVERNMENT IS US not a power exclusive or separate from us it is supposed to follow the out line
of our CONSTITUTION NOT COMMUNISM NOT FASCISM NOT SOCIALISM BUT DEMOCRACY
IN THE FORM OF A REPUBLIC WE THE PEOPLE NEED TO BE VIGILANT IN KEEPING OUR GOVERNMENT FROM BECOMING A DICTATORSHIP WE ARE AT A CROSS ROADS WE MUST TAKE OUR POSITION SERIOUSLY WE HAVE AN ELECTION COMING UP SOON SEND ALL THOSE WHO HAVE PUT OUR COUNTRY IN DANGER PACKING AND BY ALL MEANS PRAY FOR OUR COUNTRY OUR LEADERS AND MOST OF ALL PRAY FOR PEACE AND FOR THE RETURN OF THE PRINCE OF PEACE WE NEED TO PRAY FOR DIRECTION AND WHAT IT IS GOD WOULD HAVE US DO TO HELP IN THE DAYS OF TROUBLE
Posted by: SCOTCHMANP | September 12, 2010, 1:51 am 1:51 am
Seems as if people have forgotten who dug this hole for the middle class & our country Also what destruction came from Bush’s tax cuts for the top 2 percent of Americans did to us.
Bush’s administration’s outsourcing over 8 million American jobs , if we have them back it would cut the unemployment in half.
But even McCain which help a French company take a war contract which sent American jobs overseas , stated afterwards … Those jobs are never coming back my friend..
These global empires are spending more on political ads then they wish to pay their workers…
They have already destroy the middle class by outsourcing American jobs overseas.
The IQ of Americans must be slipping each and every year.
Bush turn a thriving economy with jobs and a balance budget , into a total disaster like every other business agenda he tried.
Posted by: Sporty | October 8, 2010, 3:35 pm 3:35 pm
$250,000 is a lot of money, I live on much less and I’ve worked hard too. If you complain about paying a little more taxes you need to move a country who charges you more for making less!!
Posted by: telsa21 | December 2, 2010, 6:44 pm 6:44 pm
This President is OVER his head..He has had horrible people advising him and has not made good on his promise to CUT the defecit by 50%, and that’s just the first of many promises. In most of the states that elected him there is buyers remorse… MCCAIN was a lousey candidate…and O had a better rap. Clearly that’s all he has..a rap. For God’s sake ..he can’t even admit he dyed his hair.. If he wins the next election it’s because the Republicans don’t have a serious candidate.WE NEED a serious candidate that’s going to the right thing for this country, Doesn’t matter the party. THE people are fed UP!
Posted by: KAYCEE | February 15, 2011, 10:22 pm 10:22 pm
I live in Wisconsin. We have a huge debt problem. But we’re chipping in to fix it. Sucking in our guts and tightening our belts. I don’t get it. We have a huge national debt. It’s time for EVERYONE to start chipping in to help. If the ship goes down, we’ll all go down with it. So why shouldn’t everyone pitch in more to help? And if you make $300k or $300 mil rather than $400k or $400 mil you’ll be just fine and your country will be the better for it.
Posted by: Jason | March 2, 2011, 8:52 pm 8:52 pm
What good is working, then if our ENTIRE PAYCHECK goes to finance the FEDS???
Posted by: John | March 14, 2011, 2:26 pm 2:26 pm
It is terrible how people think that substituting a capitalist elite by a political elite (i.e. socialists) will do the country so much good. After that transition has fully occurred, try calling the “cops” on the “cops” when they are abusing each and every single right you have. This out of control spending is just the legalization of patronage that does not benefit any American…oops sorry only the American political elite. Bye bye America. Hello the United States of Western Europe. Be ready to pay taxes from here to ying yang by the end of the decade.
Posted by: M | April 12, 2011, 3:22 pm 3:22 pm
There is NO excuse for the debt caused by the Bush administration. He got us into an unnecessary war, added homeland security, medicare part D, no child left behind and signed a bill violating our rights (the patriot act). Certainly is addition of trillions in added debt proves the man was NOT a traditional Republican. I would say he was a Democrat “light”. Now the tea party was formed after a tirade by Rick Santelli on CNBC when Obama was in office. We have been betrayed by the Republican elites who want a progressive socialistic gov’t of huge federal gov’t, lots of spending. It’s time to research every candidate BEFORE YOU COMMIT! Make sure who they say they are and what their record is. Nuf said.
Posted by: SueDinNY | May 27, 2011, 12:41 pm 12:41 pm
This is so funny. Steve D just defined socialism and asks why it’s considered “socialist”. Ha. That’s because that’s what it IS, Steve. The gov’t regulating your pay and limiting your pay IS socialism. Isn’t is funny that those who promote “socialism” don’t give all their money to the gov’t to use for the common good. No – Al Gore, Obama, Steve Moore are making over $100/hr and they’re sure not offering to give it away, are they? No – the leaders want to keep their wealth but prevent you from achieving it so they can control and have power over you. In the meantime, you struggle while they live in luxury. Ask anyone from the former USSR. They’ll be happy to tell you.
Posted by: SueDinNY | May 27, 2011, 12:51 pm 12:51 pm
DO YOU PEOPLE KNOW THAT CONGRESS APPROVES GOING TO WAR. A DEMOCRATIC CONGRESS APPROVED GOING TO WAR IN IRAQ AND AFGHANISTAN SUCH IDIOTS. GO READ THE CONSTITUTION.
Posted by: sale | August 4, 2011, 4:23 pm 4:23 pm
Can some of you Geniuses tell me where we get the money to pay for the running of the government? The roads? The National parks? The infrastructure of our country? TAXES! You all sound crazy! You want EVERYTHING, but you don’t want to pay for it! I guess President Obama is supposed to keep the country running with his paycheck! I get so sick of Republicans whining about taxes. Taxes are not going anywhere! GET OVER IT! Benjamin Franklin said, Nothing is certain but death and taxes. Its true! Find something else to whine about please!
Posted by: now.hear.this | September 26, 2011, 11:11 pm 11:11 pm