How come Obama thinks that taxing the rich is the cure for his spending spree?

O

Obama is a Dolt

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http://www.cato-at-liberty.org/taxing-the-rich-is-the-cure-for-everything/

Proof that taxing the rich is not the cure

Argument: “Can’t we just tax the rich?”

Is America really broke? Michael Moore (and others) tells us that there are oceans of cash being hoarded by the wealthy. But Iowahawk (iowahawk.typepad.com) did a little addition, and armed with these statistics Bill and the ‘Hawk blow a hole in the “hoarding” lie big enough to fit a documentary filmmaker through.

http://conservativebyte.com/2011/04/why-doesnt-taxing-the-rich-work/

And by the way, why doesn't Obama give his money from his books, his Pulitzer prize, his Nobel etc etc, to those "poor helpless masses" that still follow him off the cliff

VOTE OUT OBAMA in 2012 and SAVE our great country
 
Yeah, only silly poor people pay taxes.

My daddy has a wonderful tax accountant and pays next to no taxes on the millions he earns.
 
"The fact is, 10 years ago, we had a budget surplus of more than $200 billion, with projected surpluses stretching out toward the horizon. Yet over the course of the past 10 years, the previous administration and previous Congresses created an expensive new drug program, passed massive tax cuts for the wealthy, and funded two wars without paying for any of it -– all of which was compounded by recession and by rising health care costs. As a result, when I first walked through the door, the deficit stood at $1.3 trillion, with projected deficits of $8 trillion over the next decade.

If we had taken office during ordinary times, we would have started bringing down these deficits immediately. But one year ago, our country was in crisis: We were losing nearly 700,000 jobs each month, the economy was in a free fall, and the financial system was near collapse. Many feared another Great Depression. So we initiated a rescue, and that rescue was not without significant cost; it added to the deficit as well.

One year later, because of the steps we've taken, we're in a very different place. But we can't simply move beyond this crisis; we have to address the irresponsibility that led to it. And that includes the failure to rein in spending, as well a reliance on borrowing –- from Wall Street to Washington to Main Street –- to fuel our growth. That's what we have to change. We have to do what families across America are doing: Save where we can so that we can afford what we need.

Now, I think it's very important to understand: We won't be able to bring down this deficit overnight, given that the recovery is still taking hold and families across the country still need help. We will continue, for example, to do what it takes to create jobs. That's reflected in my budget; it's essential. The budget includes new tax cuts for people who invest in small businesses, tax credits for small businesses that hire new workers, investments that will create jobs repairing roads and bridges, and tax breaks for retrofitting homes to save energy.

We also continue to lay a new foundation for lasting growth, which is essential as well. Just as it would be a terrible mistake to borrow against our children's future to pay our way today, it would be equally wrong to neglect their future by failing to invest in areas that will determine our economic success in this new century."

Obama
 
And why do Republicans think that budget cuts to entitlement programs alone, while giving even more tax cuts to the wealthy and corporations, is the cure? Tax cuts to the rich have failed repeated for the past 30 years so why do Republicans want to continue a failed practice and think they'll get different results?
 
oh jeez...more neo con/ tea party bullsht...

i just cant figure you freelloders out...ya know...

you want all of the services...but refuse to acept the PERSONAL responsiblity to pay into the tax base...

freeloaders....
 
Even if Obama took 50% of the rich's money, it would not help the debt. He needs to make drastic SPENDING cuts starting with lower pay for Congress. The economy will NOT improve until he gets spending under control.
 
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