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Intellectuals of all political stripes know by now that the Buffet Tax, if passed, would only bring in $31B over 11 years. That's not quite $3 billion dollars annually, and it will be spent by the US Government in less than 24 hours.
It boils down to this:
Barack Obama and Democrats believe that their consitutiency are mere pawns. They know that the Buffet Tax will be struck down in Congress. As a result, they believe that it will serve as some sort of political victory by painting the GOP as in bed with the rich. Who would view it as a victory? Liberal Pawns. And that's the plan.
The Buffet Tax is not good policy. The Buffet Tax is merely a vehicle to drag liberals out of their slumber and to put them in the Class Warfare Mode.
The real truth is that Barack Obama and Democrats think you're stupid. More importantly, they don't think you'll do the math. They don't think that you're smart enough to say:
"Hey...wait a minute! A tax on millionaires will only net $3 billion dollars annually?!? We spend that in less than 24 hours! What in the hell can we actually accomplish with $3 billion dollars??"
The answer is NOTHING. Absolutely NOTHING but flitter it away in less than a day.
When will Liberals and Democrats hold Barack Obama and Democrats accountable for their worthless class warfare and class envy ideologies?
I do get a kick out of "do you know what 150,000 dollars can pay for?" argument.
Its as if he has already spent the money in his head, deficit be damned.
Why can't we get a party that actually represents the American people? Neither the R or the D does that.
Barack Obama is appealing to the unfortunate amongst us with this quote. I surmise that he hopes the message will find its way to those who are on food stamps, welfare, and unemployment (ie. his constituences) as a way to assert that he could help them out even more if he got his grubby hands on that paltry sum of money.
Barack Obama is appealing to the unfortunate amongst us with this quote. I surmise that he hopes the message will find its way to those who are on food stamps, welfare, and unemployment (ie. his constituences) as a way to assert that he could help them out even more if he got his grubby hands on that paltry sum of money.
And Republicans aren't? They are promising that they would work to balance the budget, while increasing tax breaks, and claiming to cut spending, but they won't mention where????
The last time they mentioned where, (its actually there again in Ryan's current budget plan), is to turn medicare into a voucher system, cut social security, and end tax loopholes for the middle class.
All at the same time only cutting the budget at the same rate that the Presidents plan was supposed to????
Neither party is a winner here, I just find it funny that the President says "well we can buy all of this with 150,000" things, all while saying he is going to lower the deficit.
We can't lower the deficit without MASSIVE spending increases that Americans don't want, or without raising taxes by a significant amount.
And Republicans aren't? They are promising that they would work to balance the budget, while increasing tax breaks, and claiming to cut spending, but they won't mention where????
The last time they mentioned where, (its actually there again in Ryan's current budget plan), is to turn medicare into a voucher system, cut social security, and end tax loopholes for the middle class.
All at the same time only cutting the budget at the same rate that the Presidents plan was supposed to????
Neither party is a winner here, I just find it funny that the President says "well we can buy all of this with 150,000" things, all while saying he is going to lower the deficit.
We can't lower the deficit without MASSIVE spending increases that Americans don't want, or without raising taxes by a significant amount.
In my opinion, we should do a little of both.
denninger had a nice piece today on what we could do, a plan:
First, it's Libertarian. Libertarians demand that nobody (including especially The State) initiate force. This leaves us able to respond to immediate threats but denies the "endless war" crap. It's over and done right here, right now, period. If there's a legitimate and immediate threat (e.g. some jackwad decides to attack a US installation or US citizens) we can respond until we can get Congress involved and do it the right way.
Second, it gets us the hell out of the Middle East and everywhere else. If a bunch of savages want to kill each other that's their business so long as they leave us alone. We are not responsible for being the world's policeman. We have neither the moral or legal authority to engage in such. At the same time we make very clear that any attack upon US Citizens or US property, wherever located, will be treated as an act of war and responded to in accordance with The Constitution.
Third, it solves our energy problem which is the justification for being entangled in the Middle East and damn near everywhere else in the first place. (end)
these little "populist" plans being trotted out by our leaders now aren't going to do a darn thing to actually fix the economy, except maybe make a few people feel good by taking away from others.
If bringing in $30 billion in revenue is insignificant, then stop asking to raise the Medicare eligibility age to 67, which cuts about that much from the budget.
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