Rush says it's theater.
Red Eye Radio guys say it's irresponsible to abdicate authority on this issue but that American conservatives feel so strongly about their own beliefs in fiscal responsibility and the complete collapse of the economic system that they are unafraid to say let 'em have whatever they want.
Let Leftists learn the pain AGAIN that the liberal idea of tax and spend tax and spend DOES NOT WORK.
I agree with this. It's going to require pain but it needs to be done.
It's obvious that Obama doesn't take seriously anything financial.
He's not only an idiot I respect the presidency, if not the idiot in office) but a malevolent idiot who is taking glee in spending this nation into oblivion.
Go watch the movie 2016; it's all borne out on film.
And if YOU'RE an idiot, you might think that taxing millionaires and billionaires might actually fix the problem but it won't.
There were quite a few “millionaires” back in 2008. As a matter of fact, more than 321,000 returns were filed with adjusted gross incomes of $1 million or more. The problem is, even if we confiscated every single dime they made in 2008, the federal government would only be able to operate through April 11. That’s 111 days.
Keep in mind, this is only the federal government, with absolutely no consideration at all for states, local municipalities or cities. They would have to get there money elsewhere since the feds took it all.
So, why don’t we grab more? Let’s say we confiscate every single dime from individuals and families who made more than $200,000 in 2008. How many days could we run the federal government? Certainly, we’re casting a very wide net that includes people who are making really good money, so we should be able to run the federal government in 2009 with plenty left over.
Not so much. Those 4.75 million individuals or families won’t be able to cover the tab. Take it all and you can run the federal government through Sept. 10. Only 253 days.As we know, when the politerati pulled this in England, 2/3 of the millionaires disappeared and or left. Because THEY can afford to leave.
Now I heard scheming by financial people today that if EVERY country pulled this kind of stunt, there'd be nowhere to hide.
Huh. Imagine a little unassuming country figuring this out. Open your doors. Advertise lower tax rates. Broadcast pictures of photos of your beautiful scenery and land that can be developed. Watch the millionaires and billionaires flock to your place. Collectively those rich folks would make this country prosperous. Add a few beaches to that scenario and voila...
Though Ireland has its debt problems, it has clung to a low corporate tax rate for years in spite of Euro opposition. And, of course, Obama wants to reach his greedy fingers into countries like Ireland to demand that the country enforce American subsidiaries pay a portion of American companies' profits back to the mother ship.
Eh. Let's just destroy any incentive to do anything but wait for King Obama to drop
From Legal Insurrection, the brilliant Branco:
There won't be any cuts. They're laughin' at ya.
(Aren't there ANY responsible Democrats left? ANYWHERE?)