Romney vs. BO - Saddo's kids race mongering thread

[El Kabong]

The Obama Administration says it will gain $1.6 Trillion in new revenue from their plan. Well if the ONLY part of their plan is raising taxes on the top 2% it won't even come close to that figure annually it might bring in $34 Billion according to Investor's Business Daily. An Ernst & Young study says such a tax increase will cost 700,000 jobs. What has been released about the Obama plan seems to offer little to no meaningful entitlement spending cuts and so we will once again have a $1 Trillion+ deficet.

This begs some questions #1 Where does the Obama Administration figure on getting the rest of that $1.6 Trillion and #2 Is this tax increase worth the trouble because it certainly doesn't seem to solve anything.


Do the math for me Kirkland, turn $34 Billion into $1.6 Trillion....I'm betting a carbon tax is in the works...how "progressive"

[Kirkland Laing]

The Obama Administration says it will gain $1.6 Trillion in new revenue from their plan. Well if the ONLY part of their plan is raising taxes on the top 2% it won't even come close to that figure annually it might bring in $34 Billion according to Investor's Business Daily. An Ernst & Young study says such a tax increase will cost 700,000 jobs. What has been released about the Obama plan seems to offer little to no meaningful entitlement spending cuts and so we will once again have a $1 Trillion+ deficet.

This begs some questions #1 Where does the Obama Administration figure on getting the rest of that $1.6 Trillion and #2 Is this tax increase worth the trouble because it certainly doesn't seem to solve anything.


Do the math for me Kirkland, turn $34 Billion into $1.6 Trillion....I'm betting a carbon tax is in the works...how "progressive"

Show me where the Obama admin says they'll get 1.6 trillion and how they'll get it. IBD is a conservative rag. Credible estimates for the top 2% tax increases show a lot more than that. Show me this study that says it'll cost 700 000 jobs. The CBO issued a study that said it would have no effect and the GOP made the CBO retract the study.

Basically none of this maters anyway Lele. The Bush tax cuts will eventually all go and spending will eventually increase. What will solve the debt/deficit problem is new economic growth, taxing and spending in the short/medium term are irrelevant.