Skip to comments.The 2% Illusion - Obama's Expensive Domestic Agenda Will Cost America's Middle Class
Posted on 02/26/2009 12:48:44 PM PST by rxsid
Barack Obama's Expensive Domestic Agenda Will Cost America's Middle Class - WSJ.com
The 2% Illusion
"Obama has laid out the most ambitious and expensive domestic agenda since LBJ, and now all he has to do is figure out how to pay for it. On Tuesday, he left the impression that we need merely end "tax breaks for the wealthiest 2% of Americans," and he promised that households earning less than $250,000 won't see their taxes increased by "one single dime. This is going to be some trick. Even the most basic inspection of the IRS income tax statistics shows that raising taxes on the salaries, dividends and capital gains of those making more than $250,000 can't possibly raise enough revenue to fund Mr. Obama's new spending ambitions." [snip]
and it goes on to explain:
"But let's not stop at a 42% top rate; as a thought experiment, let's go all the way. A tax policy that confiscated 100% of the taxable income of everyone in America earning over $500,000 in 2006 would only have given Congress an extra $1.3 trillion in revenue. That's less than half the 2006 federal budget of $2.7 trillion and looks tiny compared to the more than $4 trillion Congress will spend in fiscal 2010. Even taking every taxable "dime" of everyone earning more than $75,000 in 2006 would have barely yielded enough to cover that $4 trillion." [snip]
(Excerpt) Read more at online.wsj.com ...
A pox on the rats house, hollywood and all the liberals and independents who voted for change. This guy is doing irreparable harm to our country.
It may COST the Middle Class ... or will it DESTROY the Middle Class??
I apologize for repeating this constantly, but math is NOT a friend of liberals.
Even simple math.
Such as addition.
That’s why they’re liberals, and why they are in congress - where qualification for office does not include ability to do anything.
Hell his plan will cost everyone in this country. The rich get soak. They start cutting back. Charities start getting dried up. The middle class loses jobs. They get soaked. They start getting on lines for financial help. The lower income start losing jobs because the rich are cutting back. They are on the financial help lines. The medical people, doctors, nurses, etc. all cut back including working hours. Medical help goes down in quality. All this is happening as we speak.
All because we have a half blackman who is on a power trip and wants full CONTROL!
Excellent question. I would say it will destroy the middle class....intentionally!
The Democrats want the economy to get worse.
It’s much easier to enslave a frightened, cynical and uncertain population.
You would think that this would beg the question: “If we have to scare the people to get our agenda implemented then what’s wrong with our agenda?”
The hard-left is asking no such question.
All great leftist leaders had to first break the will of the masses before they could take power.
It’s happening to Americans right now.
They scare you then they rape you.
But Americans aren’t doing much about it so, have at it Dems! Your sheep are ready for the slaughter house.
Don’t worry about a thing, Kenyan, they won’t resist you, far too passive, far too flimsy these modern-day Americans.
Do whatever you want to them.
Americans, just go about your day like nothing is happening to you and your family.
Just pretend someone will save you.
Just pretend the money and the freedom was never really yours in the first place—this makes it much easier.
You might have your doctor prescribe some Xanax, Zoloft or Prozac to help you adjust to your new life.
It’s much safer for you to do nothing.
Other people will suffer along with you—at least you won’t be alone.
After all, there nothing you can do about it.
Listen to the Kenyan’s soothing voice and just let it go.
Be at peace in your new environment.
Everything is beautiful.
Slavery is not so bad.
Well, this should be interesting.
“The 2% Solution,” by Barack Obama-Jama.
What a tool.
He’s talking about raising taxes in a severe recession.
That’s like drilling a hole in the bottom of boat to let the water out quicker.
What a putz.
The middle class always has the most to lose, and therefore always provides the stability for a society. An attack on the middle class is an attack on the stability of the society itself.
Mix in an influx of lower class immigrants (legal, illegal, doesn’t matter) and you’ve got a volatile situation just waiting for a spark.
The question becomes, then: What is to be gained by the Obama-Democrat attacks on the middle class?
We understand their “a crisis is a terrible thing to waste” way of thinking. There’s nothing novel about that.
So how will they exploit this destabilization? What is it they hope to accomplish?
His plan is to destroy the middle class and even the upper middle class.
People who think he wants to “fix” the economy are delusional.
Obama is far far worse than Carter or Clinton.
I think he’s doing it intentionally, but thinking that somehow he will go down in the history books as someone who saved the situation. Read up on the Cloward/Pliven situation. Create a catastrophe to get people to agree to drastic change.
Obama is just flat lying to our faces. 1 +1 = 3? But not many people will hear these facts.
DON’T TREAD ON ME, ZERO!....
Problem is...1% of the country has been paying 40% of the income tax....those folks were in the financial industry..they..and 40% of the income tax, essentially have evaporated.
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