[video=youtube;LP2bfIdrGi8]http://www.youtube.com/watch?v=LP2bfIdrGi8&feature=player_embedded[/video] “Republicans in Congress and their nominee for President believe that the best way to create prosperity in America is to let it trickle down from the top,” said Obama. “They believe that if our country spends trillions more on tax cuts for the wealthy, we’ll somehow create jobs – even if we have to pay for it by gutting things like education and training and by raising middle-class taxes. They’re wrong.”
How is not taxing the people and not spending money somehow government spending? This concept (that it's somehow spending) defies logic.
What is it that you need explained to you? Edit: ok, thanks for clarifying. Yes, it's a slight, but common, misuse of the word spend. Technically, tax breaks and loopholes are not 'spending', but they have the same effect on the federal budget. That's why they are called 'tax expenditures'. barfo
Do tell. How is taxing someone 36% instead of 39% a tax expenditure? And even a tax expenditure isn't actual spending. It's "not taxing."
The "trillions" line was bullshit, fwiw. Obama has forgotten that difference between billions and trillions, as have the rest of us since he took over the Treasury. He seems even more out of touch than Romney in terms of the value of an actual dollar.
LOL. Yeah, those 20-year projections mean shit right now. Plus, $2 trillion projected is now "trillions", when the clown President is adding $3 trillion/year to the debt. Obama is a failure. I hope the rest of you enjoy the class warfare game, because it's so obviously not a solution, it's not even funny at all.
Guess you missed the Reagan era. His "tax reductions" (for the rich only) resulted in the non-rich paying roughly 50% more in taxes, due to the loss of certain major deductions and credits for such things as medical expenses. His so-called reduction in government resulted in the biggest growth of government and government expense in history, the near failure of our education system, an explosion of organized crime, political graft, and the rapid deterioration of our nation's infrastructure.
Obama is correct. The government is us and nothing but us. Therefore all the money (which only exists because the government prints it) is ours, and therefore all the money is the government's. And by us I mean all of us, not just 1% of us. And yes Denny, you are very fortunate indeed to be a part of us.
If you "save" $29 6 times per year by not ever changing the oil in your car, are you saving money or escalating costs? Any 3rd grader knows the answer, but few adult conservatives can wrap their minds around it.
So you're saying those tax cuts weren't spending at all. That they raised revenue meant more govt. spending. And there was no loss of deductions for medical expenses. As a realtor, you'd know that the big loophole was closed was depreciation on investment property. I do appreciate it that you acknowledge that big government means crappy education, more graft, deterioration of infrastructure, etc. It's a start.
Feel free to give all your money to the government and accept whatever they decide you should get. Put your money where your mouth is. The founders of this nation so distrusted government that they forbade the direct taxation of the people by the government. We are a nation of property rights, laws that exclude the government from taking from the people what they've created or acquired. In no sense is the money the government's. What money the government TAKES from us is stolen from us at gunpoint. Period.
You completely missed the joke about europeans referring to billions as 1E12. You're slipping old man.
I hope you enjoy being a serf to the 1%, since you've obviously surrendered rather than risk a fight.
