Obama's 2012 Theme: Republican Spending Cuts Didn't Work, So We Must Ask the Rich to Sacrifice More

http://www.rushlimbaugh.com/home/daily/site_080111/content/01125109.guest.html ^ | August 1, 2011 | Rush Limbaugh

[sheikdetailfeather]

BEGIN TRANSCRIPT

RUSH: I went to the WhiteHouse.gov, and their headline: "Bipartisan Debt Deal: A Win for the Economy and Budget Discipline." It's a very long piece, I'm not going to read the whole thing to you. But it is the most straightforward and complete outline of the deal from the White House perspective that there is, and at WhiteHouse.gov they are beside themselves with joy. This post crows about how this debt deal locks in Obama's runaway spending. They're ecstatic about how it slashes the military and protects entitlements, even locks in the end of the Bush tax cuts. All of which should disabuse anyone of the notion that the Republicans pulled off a tremendous victory here. Note, too, there will be no spending cuts until after the 2012 elections. That's part of the deal.

[Publius6961]

Define wealthy.

Define "Ask."

[Osage Orange]

Ha!!

Define "Ass"

[newzjunkey]

Barry is rich / how much is he chipping in ???

Less than his "fair share" he paid around 24%, not 35% last year. Biden paid around 22%, not 35% last year.

[Osage Orange]

http://www.youtube.com/watch?v=9pcVDmX4ho4

[2ndDivisionVet]

Wealthy enough to do what I described.

[Osage Orange]

You described?

Sorry...I missed something.

Help me understand...

[Osage Orange]

The wealthy can afford to live and invest anywhere.

Okay that is what you wrote....

Live anywhere? Afford anything?

What is your "line in the sand"...on who is "wealthy"?

That's all I'm asking.........

[2ndDivisionVet]

I’m not Mr. Obama, I don’t have “a line in the sand” and don’t get to define who is wealthy. He will tax a small business owner out of business while leaving a hedge fund manager or union official alone. That is who you need to ask your question.

[Osage Orange]

You defined very little....although you say things like..."the wealthy".

I'm just curious as to what you think "wealthy" is......You seemed to have a "line in the sand" earlier.

[Osage Orange]

I get the feeling....And it's just a feeling.

Many people think that anyone making more money than them is "wealthy".

FWIW

[Andy from Chapel Hill]

When Barry produced his only budget, it had $1 Trillion deficits projected for 10 years with no reduction in sight.

About that time, someone looked at the IRS website and calculated that if the tax rate for all income over $75,000 was 100%, it would bring in $550 billion. This, of course, assumes that anyone making over $75,000 worked as diligently as they did before. (ha ha ha)

So, even if we tax the rich, and the upper middle class at a rate of 100% over the baseline of $75,000, we could not close the deficit.

This needs to be on billboards all across the USA.

[LomanBill]

Rich like, Penny Pritzker?

 

 

" Uhhhh, that's not ours either! "

---Weiner, Obama, Pelosi, Frank, Pritzker and Associates, LLLP.

Follow the....

http://www.campaignmoney.com/finance.asp?type=in&cycle=08&criteria=pritzker&fname=penny

Billionaire business mogul Penny Pritzker is a member of one of America’s richest families and was the Finance Chair for the presidential campaign of Barack Obama. It was Pritzker that led the prolific, and illegal, fundraising that helped power Barack Obama’s presidential campaign. She was the chair of Chicago-based Superior Bank’s board for five years. Pritzker was into subprime lending before it became all the rage starting in around 2000. Prtizker's chairmanship was to concentrate on sub prime lending, principally on home mortgages, but for a while in subprime auto lending, too, after the Pritzkers' bank acquired its wholesale mortgage organization division, Alliance Funding, in December 1992. Back then they called it "predatory lending." Superior Bank went belly up in 2001 with over $1 billion in insured and uninsured deposits; 1,406 depositors lost much of their life savings. This collapse came amid harsh criticism of how Superior’s owners promoted sub-prime home mortgages. On Nov. 1 [2002] the Federal Deposit Insurance Corp. pointed the finger at Ernst & Young, Superior’s auditor, in a fraud suit filed in federal court here. But that action came two months after a group of Superior depositors accused the bank’s owners and directors, including two members of the Pritzker family, of racketeering....

[snip]

...Pritzker is chairman of Classic Residence by Hyatt, luxury senior living communities in 11 states; chairman of The Parking Spot, which owns and operates off-airport parking facilities in nine cities; chairman of the credit data company TransUnion and chairman of Pritzker Realty. She also sits on the board of Global Hyatt and plays a role in numerous non-profit groups, including serving as chairman of the Olympic village portion of Chicago’s bid to win the 2016 Summer Games.

http://www.theobamafile.com/_associates/PennyPritzker.htm

Nudge nudge nudge...