turd furgeson
New member
...after his spending spree? http://www.heritage.org/Multimedia/InfoGraphic/2010/10/Raising-taxes-on-the-rich
The answer: 134%
That means that even if Obama raises taxes on the wealthy, it won't do anything to cut the deficit. In fact, he would have to raise their taxes to 100% to even come close, which would be impossible anyways.
So that means one of 3 things:
1. Obama will break his promise and tax the bottom 95%
2. Obama will drastically cut spending (which given the way he's increased spending, it's highly unlikely)
3. Obama will let the deficit continue to grow out of control, bankrupting our country.
The answer: 134%
That means that even if Obama raises taxes on the wealthy, it won't do anything to cut the deficit. In fact, he would have to raise their taxes to 100% to even come close, which would be impossible anyways.
So that means one of 3 things:
1. Obama will break his promise and tax the bottom 95%
2. Obama will drastically cut spending (which given the way he's increased spending, it's highly unlikely)
3. Obama will let the deficit continue to grow out of control, bankrupting our country.