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Obama wants to raise taxes by 1.6 TRILLION $$!!!

 
Anonymous Coward
User ID: 1440618
Canada
11/13/2012 11:10 PM
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Obama wants to raise taxes by 1.6 TRILLION $$!!!
[link to www.zerohedge.com]
Obama To Demand $1.6 Trillion In Tax Hikes Over Ten Years, Double Previously Expected

If the Fiscal Cliff negotiations are supposed to result in a bipartisan compromise, it is safe that the initial shots fired so far are about as extreme as can possibly be. As per our previous assessment of the status quo, with the GOP firmly against any tax hike, many were expecting the first olive branch to come from the generous victor - Barack Obama. Yet on the contrary, the WSJ reports, Obama's gambit will be to ask for double what the preliminary negotiations from the "debt deficit" summer of 2011 indicated would be the Democrats demand for tax revenue increase. To wit: "President Barack Obama will begin budget negotiations with congressional leaders Friday by calling for $1.6 trillion in additional tax revenue over the next decade, far more than Republicans are likely to accept and double the $800 billion discussed in talks with GOP leaders during the summer of 2011.


Is he fucking nuts?
Boiltarian

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11/13/2012 11:11 PM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
drevil
Anonymous Coward (OP)
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11/13/2012 11:13 PM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
1.6 trillion = 11% of GDP!!

That means total government income would be around $4 trillion or about 28% of GDP!!

The government needs to SHRINK not get bigger!!
Anonymous Coward
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11/13/2012 11:24 PM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
arrest the criminal
Anonymous Coward
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11/13/2012 11:30 PM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
He's on the right track.

The Bush tax cuts should expire and the Reagan tax cuts should be rolled back, also.

How the fuck are we supposed to pay off Bush's wars?
Did people think those years when Dubya got to play War Preznit were going to be FREE??
gwdance
Anonymous Coward
User ID: 1310035
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11/13/2012 11:32 PM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
Have to pay back the debt somehow, tax cuts will just make the debt larger.
Anonymous Coward
User ID: 27710608
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11/13/2012 11:33 PM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
He's on the right track.

The Bush tax cuts should expire and the Reagan tax cuts should be rolled back, also.

How the fuck are we supposed to pay off Bush's wars?
Did people think those years when Dubya got to play War Preznit were going to be FREE??
gwdance
 Quoting: Anonymous Coward 25654386


Stuck on stupid and in the past. Two birds with one stone.
Anonymous Coward (OP)
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11/13/2012 11:42 PM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
Have to pay back the debt somehow, tax cuts will just make the debt larger.
 Quoting: Doommincus Maximus


Not tax cuts. Leave the taxes where they are, CUT THE DAMN BUDGET.
L | b e R T a R | a N ???

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11/13/2012 11:43 PM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
You can't cut your way out of this. You can't raise taxes to get out of it. Everyone needs to realize we're not paying off our debt. LOL LET IT BURN!

stoner
Anonymous Coward
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11/13/2012 11:51 PM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
If you still blame Bush…you are part of the 47% piece of shit percenters
L | b e R T a R | a N ???

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11/13/2012 11:52 PM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
If you still blame Bush…you are part of the 47% piece of shit percenters
 Quoting: Anonymous Coward 1493398


lolsign
Anonymous Coward
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11/13/2012 11:54 PM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
If you still blame Bush…you are part of the 47% piece of shit percenters
 Quoting: Anonymous Coward 1493398


clappa
Bluebird

User ID: 730536
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11/13/2012 11:55 PM

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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
He's on the right track.

The Bush tax cuts should expire and the Reagan tax cuts should be rolled back, also.

How the fuck are we supposed to pay off Bush's wars?
Did people think those years when Dubya got to play War Preznit were going to be FREE??
gwdance
 Quoting: Anonymous Coward 25654386


Oh, bullshit! Tax income in 2007/2008 was the highest in history. And it was the Bush tax cuts that did it.

Obamdebt
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
Bluebird

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United States
11/13/2012 11:59 PM

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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
He's on the right track.

The Bush tax cuts should expire and the Reagan tax cuts should be rolled back, also.

How the fuck are we supposed to pay off Bush's wars?
Did people think those years when Dubya got to play War Preznit were going to be FREE??
gwdance
 Quoting: Anonymous Coward 25654386


Stuck on stupid and in the past. Two birds with one stone.
 Quoting: Anonymous Coward 27710608


Yeah, let's just forget that Bush put two major wars on the national credit card, gave away trillions in tax cuts to the rich, destroyed the economy, and doomed the US to run trillion dollar deficits for years.

It's easier just to blame the black guy and "foodstamps".
 Quoting: Anonymous Coward 25654386



Yeah, let's forget the largest income from taxes EVER under Bush and pretend Obama "inherited" this instead of causing it.


And check the federal budget to see that 70+% of all federal spending goes not for wars but ENTITLEMENTS---like food stamps. Just google federal budget and see for yourself.
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
Anonymous Coward
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11/14/2012 12:02 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
When the government raises tax rates, revenue decreases. When the government lowers tax rates, revenue increases.

If Obamao's goal was to increase tax revenue, he'd lower taxes everywhere possible. Money would start moving, new businesses would start up, existing businesses would expand, employment would be way up, people would start investing in businesses again, and lo and behold, tax revenue would be pouring in.

Along with this, he should pull back all the absurd environmental regulations that have made manufacturing unaffordable.

But Obamao doesn't want to increase revenue; he wants retribution. He wants to punish the successful, and overload the system with far more 'free' government money than we could ever afford, until the freeloading leeches suck the economy completely dry and the US collapses under its own weight. He's following the Cloward-Piven strategy of bankrupting the US in order to usher in 'social justice' (read: The United Soviet States of America).
L | b e R T a R | a N ???

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11/14/2012 12:03 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
When in doubt: Turn to Friedman.

Bluebird

User ID: 730536
United States
11/14/2012 12:05 AM

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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
He's on the right track.

The Bush tax cuts should expire and the Reagan tax cuts should be rolled back, also.

How the fuck are we supposed to pay off Bush's wars?
Did people think those years when Dubya got to play War Preznit were going to be FREE??
gwdance
 Quoting: Anonymous Coward 25654386


Oh, bullshit! Tax income in 2007/2008 was the highest in history. And it was the Bush tax cuts that did it.

Obamdebt
 Quoting: Bluebird


Your graphic is a lie and you are a LIAR.


Between 2001 and 2011, about two-thirds (68 percent) of the $12.7 trillion growth in federal debt has been due to new legislation. Forty percent of this legislative growth was the result of tax cuts enacted after January 2001, and 60 percent resulted from spending increases.

[link to m.washingtonpost.com]
 Quoting: Anonymous Coward 25654386



No, it's not and I am not but YOU are. This is what your own article says:

“Roughly half of the reason the surpluses never materialized is that federal spending was subsequently increased (over half of this total increase was concentrated in the three years of 2009-11). A little over one-quarter disappeared because of subsequent corrections to the 2001 projections. Less than one-quarter was due to tax relief of any kind – and only a little more than half of that small fraction is directly attributable to the 2001 and 2003 tax relief packages.”


So who was POTUS 2009-2011? And read the last sentence slowly.

Your article proves my point!

Last Edited by Bluebird on 11/14/2012 12:06 AM
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
Vavoom
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11/14/2012 12:07 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
Not plausible, would send the whole economy into a depression the first year. The bean counters are dreaming jerkit
Bluebird

User ID: 730536
United States
11/14/2012 12:17 AM

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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
[link to en.wikipedia.org]


Medicare and Medicaid 23%
Social Security 20%
Other mandatory/entitlements 13%
Interest on debt 6%
Discretionary Spending 19%

DEFENSE 19%


Entitlements are far and away the largest expenditures the federal budget has. Nothing even comes close to them in dollar amounts.
One of the most important aspects of conspiracy theories is being able to discern when there isn't one.

Oh yeah, like you'd understand anyway.

Where are we going and why am I in this handbasket?. . .J. Handy
Anonymous Coward
User ID: 1375041
United States
11/14/2012 12:48 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
Also tax cuts are not "giving" money to anyone. It's just less opportunity for the government to take.

Taxes are not something that any of use should be proud to pay. They should be a last resort. It's somebody ordering you by fiat to give them your money. There is a type of gobvernment that celebrates such things, and if you want that then don't be afraid to call it what it is.

By the way. $1.6 trillion dollars over 10 years is 50 million people paying $3200 a year extra in taxes. Do we have 50 million 1%'ers in this country that can afford an extra $3200 a year in taxes?
Anonymous Coward
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11/14/2012 12:52 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
Crash & Burn. Don't wait. Cut your expenses now.....
Anonymous Coward
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Australia
11/14/2012 12:57 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
If you still blame Bush…you are part of the 47% piece of shit percenters
 Quoting: Anonymous Coward 1493398


the figures show bush fucked everything.

blames and beliefs have nothing to do with it.

american republicans are the greatest threat to both american and world economies.

thank god the tide has permanently changed and they will never hold power again.
khoisansun

User ID: 26724172
South Africa
11/14/2012 01:26 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
But they just lost 43 trillion dollars hence the bankers nanny and kids getting hopped off.
awareness abiding as awareness.
anonanon
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11/14/2012 01:44 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
The more money we give them, the more they spend -- most of it wasted on things we do not need.

It is all a part of his concept of social justice and his desire to play Robin Hood.
Anonymous Coward
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11/14/2012 02:09 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
My responses to repuke lies were DELETED and I was summarily BANNED by the ASSHOLE REPUBLICANS who run this website and lie and shill on behalf of the corporate-fascist GOP!!


LISTEN UP, GLP!!!


THIS WEBSITE IS RUN BY LYING THUG REPUBLICAN TRAITOR SHILLS!!!
Anonymous Coward
User ID: 27722645
United States
11/14/2012 02:09 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
My responses to repuke lies were DELETED and I was summarily BANNED by the ASSHOLE REPUBLICANS who run this website and lie and shill on behalf of the corporate-fascist GOP!!


LISTEN UP, GLP!!!


THIS WEBSITE IS RUN BY LYING THUG REPUBLICAN TRAITOR SHILLS!!!
Anonymous Coward
User ID: 27722645
United States
11/14/2012 02:10 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
My responses to repuke lies were DELETED and I was summarily BANNED by the ASSHOLE REPUBLICANS who run this website and lie and shill on behalf of the corporate-fascist GOP!!


LISTEN UP, GLP!!!


THIS WEBSITE IS RUN BY LYING THUG REPUBLICAN TRAITOR SHILLS!!!
Anonymous Coward
User ID: 27722645
United States
11/14/2012 02:10 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
My responses to repuke lies were DELETED and I was summarily BANNED by the ASSHOLE REPUBLICANS who run this website and lie and shill on behalf of the corporate-fascist GOP!!


LISTEN UP, GLP!!!


THIS WEBSITE IS RUN BY LYING THUG REPUBLICAN TRAITOR SHILLS!!!
Anonymous Coward
User ID: 27722645
United States
11/14/2012 02:10 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
My responses to repuke lies were DELETED and I was summarily BANNED by the ASSHOLE REPUBLICANS who run this website and lie and shill on behalf of the corporate-fascist GOP!!


LISTEN UP, GLP!!!


THIS WEBSITE IS RUN BY LYING THUG REPUBLICAN TRAITOR SHILLS!!!
Anonymous Coward
User ID: 27722645
United States
11/14/2012 02:11 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
My responses to repuke lies were DELETED and I was summarily BANNED by the ASSHOLE REPUBLICANS who run this website and lie and shill on behalf of the corporate-fascist GOP!!


LISTEN UP, GLP!!!


THIS WEBSITE IS RUN BY LYING THUG REPUBLICAN TRAITOR SHILLS!!!
Anonymous Coward
User ID: 27722645
United States
11/14/2012 02:12 AM
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Re: Obama wants to raise taxes by 1.6 TRILLION $$!!!
FUCK YOU JASON!!!!!

granny

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