iliveonramen;1059845397]First of all, Liberals are talking about taxing themselves as well. This whole identity politics crap about Liberals living on the dole and conservatives paying taxes is crap. Based on Demographics Obama voters were on average more affluent and more educated than McCain voters. It's a differing view on the role of government "liberals wanna take your money". Second of all...% is used because it's the correct thing to use. When population grows, GDP grows, when goods become more expensive, GDP grows, and of course, when the economy grows...thereby more government resources needed, GDP has grown.
Still waiting for an answer, do you believe 47% not paying any FIT means they are paying their fair share? Liberals supporting the class warfare are doing so mostly to keep their power and support for a large central govt. You seem to have this fixation with govt. revenue and the need for more money at the Federal level and the question is why? You think raising taxes raises GDP? What do you think will happen to state tax revenue when FIT taxes go up on the rich?
Dems controlled the House and Senate for virtually 40 years and never ran up the debts Reagan did. Dem's controlling Congress was nothing new. As for the Soviet Union bit, we know, Defense never "counts" on the budget, which is why Bush didn't worry about paying for them. If you want to spend on more wars at least pay for em.
The deficit when Reagan walked into office was like 600 billion or so. He increased it by by 300%. That's the problem with using real numbers over percentages. You make Reagan look like a fiscal hawk even though he's been the largest deficit spender in the modern era
National debt by U.S. presidential terms - Wikipedia, the free encyclopedia
Please tell me how a President spends money without Congressional approval and I hope you don't believe that Congress doesn't spend money? 5 trillion dollars has been added to the debt since 2007. Who controlled the purse strings during that period of time?
Reagan took over with a 900 billion debt and left it at 2.6 trillion. Obama took office with a 10.6 trillion debt and it is 14.6 trillion now. Bush and Congress added 4.9 trillion to the debt in 8 YEARS and Obama will exceed that in four.
Obama's biggest increase was a 600 billion dollar stimulus that included 1/3rd of that stimulus as tax cuts. He has cut government spending, his 2010 spending was less than Bush's last budget (see wiki article). Basically your misinformed I'm sorry.
Obama stimulus was 842 billion and he was left 350 billion of TARP, a program that he voted for. the 2009 budget was passed by a Democrat Congress with Democrat votes of which Obama was one. Obama then put the Department heads in place to spend that budet. Those tax cuts were targeted and were worthless. You got a rebate check if you worked and once it was spent it was gone. Suggest you learn exactly what those tax cuts were. Seems to me you are out of your league here and you are the one misinformed.
Tax cuts for individuals
Total: $237 billion
• $116 billion: New tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phase out begins at $75,000 for individuals and $150,000 for joint filers.[29]
• $70 billion: Alternative minimum tax: a one year increase in AMT floor to $70,950 for joint filers for 2009.[29]
• $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes).
• $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
• $6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years. This only applies to first-time homebuyers.[41]
• $4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
• $4.7 billion: Expanded earned income tax credit to increase the earned income tax credit — which provides money to low income workers — for families with at least three children.
• $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
• $1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000.
