Obama talks about the need for new revenues (Harry Reid, unemployment, wages)
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Location: Just transplanted to FL from the N GA mountains
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Quote:
Originally Posted by lycos679
A government budget is not the same as a household budget.
This is a silly argument. A budget is a budget. Doesn't matter if the categories are different or not. Household or Government matters not. A budget is only as good as the person/family/government that follows it... or the idiots who don't. The bozo's in Washington could pass a perfect budget and it still wouldn't matter if they don't follow it.
Medicaid, Medicare and Social Security alone eat up a large chunk of the federal budget. There's a big need for spending cuts and program reforms, but there's also a need for more tax revenue because things need to be paid for.
I'm tired of hearing from right-wingers how the deficit is such a problem, yet they also have a problem with addressing the deficit.
Some would say that you should first cut the fat out of the budget then determine what the shortfall will be. The problem with the Obama is WE'll raise taxes then make cuts. Then the cuts never happen.
Some information about the Obama republican meeting is starting to leak out. Obama talked about the need for new revenues. Who didn't see that coming. Obama wants to raise taxes again.
The government is collecting more tax revenue than at any time in its history and Barack still wants more. The idiot is criminal.
What I don't understand is why we don't just go back to Clinton era taxes?
Everybody was making money hand over fist, the budget was balanced, and the economy was booming. Although taxes were much higher nobody complained about it.
Some information about the Obama republican meeting is starting to leak out. Obama talked about the need for new revenues. Who didn't see that coming. Obama wants to raise taxes again.
There is always a knee jerk reaction to this question. While it is certainly true that spending is very high (in FY2009 spending was 25.2% of GDP) revenue has not been under 16% of GDP since 1950.
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