Looking forward to learning about what he is proposing: http://www.reuters.com/article/2011...edType=RSS&feedName=politicsNews&dlvrit=60468 (Reuters) - President Barack Obama will release a plan on Monday calling for more than $3 trillion in deficit cuts over 10 years, with about half of the savings coming from higher taxes on the wealthy and big corporations.
Taxes now, phantom nonbinding spending cuts in out years that will never happen, this guy is a one trick pony. There will be no scorable bill with specific cuts. Obama needs businesses to start hiring if he stands any chance at reelection. This does nothing to achieve that. His own deficit commission recommended eliminating deductions and lowering rates. Obama is going in the exact opposite direction. <iframe width="560" height="315" src="http://www.youtube.com/embed/2Aewj_IndN4" frameborder="0" allowfullscreen></iframe>
Three trillion over ten years is pretty minuscule compared to how much the debt will increase over that same ten years. I wonder if these ridiculous political games will continue when politicians can no longer avoid addressing the gap between what the federal government is bringing in and what its liable for.
Pretty much. Commodore, I want to know: under what conditions do you think we need to actually raise taxes. As I like to observe, even that ******* Laffer curve does have a point where if you cut taxes too much, revenue will actually fall. It's an inverse parabola, not a straight line.
Wrong. Obama has said that with these cuts eliminating deductions and lowering rates is fine as long as the cuts get done.
