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Obama Saved The Average Family $3600 in Taxes

Navy Pride said:
Read it and weep my far out left wing friend. Get your facts straight before you call someone a liar..........

Obama falsely attacks Paul Ryan over farm bill | Conservative News, Views & Books

Obama falsely attacks Paul Ryan over farm bill



By: John Hayward
8/14/2012 09:46 AM



The latest adventure from Barack Obama’s truth-challenged campaign took place in Iowa, where the President accused Rep. Paul Ryan, vice presidential candidate on the Republican ticket, of being “one of those leaders in Congress standing in the way” of a farm bill that would “provide relief and certainty to U.S. farmers and ranchers.”

“So, if you happen to see Congressman Ryan, tell him how important this farm bill is to Iowa and our rural communities. It’s time to put politics aside and pass it right away,” the President urged Iowa voters.

Which is a nice sound bite… except for the fact that the House of Representatives passed the farm bill. The Senate, which is controlled by do-nothing Harry Reid and the Democrats, decided to blow out of Washington without voting on it.
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I see my left wing friend Adam has no comment.......That is because he knows he is wrong..........He is drowning in the Hussein Obama lies and broken promises.
 
AdamT said:
Wow, are you really going to try that? What I said is that it would completely elminate the DEFICIT -- projected to be $1.2 trillion this year -- and produce a small surplus. And in fact that is exactly what it would do.
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So after you take the 100% from the 1%, and eliminate the deficit, how much money do you think you are going to get from those 'rich' 1% the next year? When they quit 'working' and 'investing' and really hide away all their money so you don't rape them without lube again? How is that going to effect our continued increase in governmental spending which will shortly reach over 4 trillion a year?
 
MaggieD said:
I don't believe that for a minute.
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It is a total lie Maggie......If Obama lets the Bush tax cuts expire it will be the biggest tax increase for everyone in the history of this country.
 
Key is not in the rich's income, it is in their supper padded ~40trillion in wealth.
Wealth that will sit and continue to accumulate interest while the poor suffer, oh well
 
Navy Pride said:
Exactly, truth be told the big bad oil companies make about 10 cents on a gallon of gas.
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Actually about 3-4c per dollar last I read. And while they dont get subsidies, they do get tax deductions. But to the topic, eliminating those deductions wouldnt make a dent in the debt, but would raise gas prices.
 
AdamT said:
Wow, are you really going to try that? What I said is that it would completely elminate the DEFICIT -- projected to be $1.2 trillion this year -- and produce a small surplus. And in fact that is exactly what it would do.
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What about next year?
 
There is no question that almost everyone has paid less taxes under Obama's policies. I estimate about 17% less.

This presumption that this will have to be paid for in some undefined future tax burden is not necessarily valid. Cans can be kicked down roads indefinitely. In another 50 years, out 15T debt will be the price of a can of sardines.

It's ridiculous and it shouldn't work - but it does. Every administration adds debt, laws and government growth.

Does anyone here believe that a President Romney would be any different?
 
specklebang said:
There is no question that almost everyone has paid less taxes under Obama's policies. I estimate about 17% less.

This presumption that this will have to be paid for in some undefined future tax burden is not necessarily valid. Cans can be kicked down roads indefinitely. In another 50 years, out 15T debt will be the price of a can of sardines.

It's ridiculous and it shouldn't work - but it does. Every administration adds debt, laws and government growth.

Does anyone here believe that a President Romney would be any different?
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And several of those govts get low credit ratings, high borrowing rates, declare bankruptcy and end up with riots (Greece, several US cities). Perhaps you missed 2007 when out of control borrowing caused a recession? Are you seriously saying trillion dollar debts dont matter? 100% debt to gdp doesnt matter?
 
AdamT said:
What about it?
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You just took 100% of the income from the 1%. What is going to happen next year? You think they are just going to do as they did before and let government take 100%?
 
Arbo said:
You just took 100% of the income from the 1%. What is going to happen next year? You think they are just going to do as they did before and let government take 100%?
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I never claimed that this was any kind of plan, or a good idea, or even not a horrible idea -- which it obviously would be. I was simply pointing out that Bobcat was basing his argument on erroneous facts.
 
jonny5 said:
But he added 4 trillion in debt, which has to be paid back with taxes. Thats $13000 in addition taxes for every single american. $57,000 if you only count people who pay income tax. So the average household of four people now has to pay an extra $50,000 in taxes throughout their life just to pay for 4 years of Barack Obama. And hes proposed adding another 10 trillion over the next 10 years, so add another $100,000. But hey, it could be worse by $3600.
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This seems impossible since the average family in Texas doesnt pay taxes.
 
AdamT said:
I never claimed that this was any kind of plan, or a good idea, or even not a horrible idea -- which it obviously would be. I was simply pointing out that Bobcat was basing his argument on erroneous facts.
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So in 'theory' you could tax them and pay off a bit... Who gives a **** about theory? What a weak argument. "we could do it!"

Even if the government could STEAL 100% from the 1%, that leave the question of what happens next year? You keep avoiding that...
 
I'm only saying apparently not.

"Deficits don't matter". Do you remember who I'm quoting?

The "out of control" borrowing was by consumers, not the USG alone.

From the CIA website:
In 2010 and 2011, the federal budget deficit reached nearly 9% of GDP
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Not really 100%.

The recession was a result of an economy that hasn't developed since the late 90s. It seemed like it was OK because of the false wealth of the housing boom when everybody was a millionaire for a few years and houses were built by the thousands.

We no longer have a bubble to live on. Automation has made our workers so productive that we need less workers. Manufacturing and lower level admin jobs reside overseas and this trend is growing, not diminishing.



jonny5 said:
And several of those govts get low credit ratings, high borrowing rates, declare bankruptcy and end up with riots (Greece, several US cities). Perhaps you missed 2007 when out of control borrowing caused a recession? Are you seriously saying trillion dollar debts dont matter? 100% debt to gdp doesnt matter?
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If any of you have parents, grandparents, relatives, or friends on medicare advantage, you better tell them that the money obama pulled from medicare will eliminate that program.

Unless obamacare gets repealed, your loved ones will lose this very good plan. They will be thrown into the confusing morass of obamacare and its death panels (yes, I know thats not what they call them, but thats what they will be).

Medicare advantage saves money for the govt, provides excellent care to seniors, has a very small premium, and here it comes--the insurance companies actually make a little money from it.

But we can't have that can we, a good program that works for everyone involved.
 
Bobcat said:
of course that would increase revenue. But not enough to make any difference. One study said it would pay the government's bill for 8 days. Taxing the rich may make good talking points and help with obama's class warfare strategy, but won't solve the country's financial problems.
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Oh come on! "One study said..." HOnestly? That is what you are going on? "One study said..." THat's about one step below, "Well my grandma once told me that..." You really need to bring a better game than that if you expect anyone to give your replies any serious attention - because I know I dont.


AdamT said:
As I've pointed out to you before -- with actual facts and not BS talking points like yours -- taking the total income of the top 1% would completely eliminate the deficit and result in a small surplus. Why do you keep repeating lies that have been proven to be lies?
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WHY!?! Because "one study said" dude! THat's why!!!
LMFAO!!!



Navy Pride said:
Exactly, truth be told the big bad oil companies make about 10 cents on a gallon of gas.
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Am I allowed to say "Horse shlt" on this site?


AdamT said:
Wow, are you really going to try that? What I said is that it would completely elminate the DEFICIT -- projected to be $1.2 trillion this year -- and produce a small surplus. And in fact that is exactly what it would do.
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Great point. Raising taxes on the uber-rich would wipe out the deficit - there really is no argument there. Facts are facts. And obviously other government revenue would be enough to pay for everything else the government spends money on.
But instead of taxing the 1% a full 100% we could just roll back the tax cuts to pre-Reagan rates. Wasn't is something like 76% back then on the wealthiest folks??? Then it might take two years to wipe out the deficit instead of one. But still not too shabby...

Still though I would like to see some cuts. I have worked with the State Department, Department of Defence, I've seen welfare and education spending up close and personal and I can testify that there is some major belt tightening that could be done in each of those areas of the government and I would suspect every other area of the government. So if we would just trim some of the fraud, waste and abuse that runs rampant in the government THEN the tax hikes on the uber-rich would not have to be so steep.
 
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specklebang said:
I'm only saying apparently not.

"Deficits don't matter". Do you remember who I'm quoting?

The "out of control" borrowing was by consumers, not the USG alone.

From the CIA website:

Not really 100%.

The recession was a result of an economy that hasn't developed since the late 90s. It seemed like it was OK because of the false wealth of the housing boom when everybody was a millionaire for a few years and houses were built by the thousands.

We no longer have a bubble to live on. Automation has made our workers so productive that we need less workers. Manufacturing and lower level admin jobs reside overseas and this trend is growing, not diminishing.
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I said debt, not deficit. US debt is now more than 100% of GDP.
 
Bobcat said:
If any of you have parents, grandparents, relatives, or friends on medicare advantage, you better tell them that the money obama pulled from medicare will eliminate that program.

Unless obamacare gets repealed, your loved ones will lose this very good plan. They will be thrown into the confusing morass of obamacare and its death panels (yes, I know thats not what they call them, but thats what they will be).

Medicare advantage saves money for the govt, provides excellent care to seniors, has a very small premium, and here it comes--the insurance companies actually make a little money from it.

But we can't have that can we, a good program that works for everyone involved.
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Speaking of which, the ACA had over 30 new taxes in it. So how is Obama saving families $3600 in taxes, by raising taxes?
 
You are correct. My error. Point taken. Thank you, I live and learn.

Still, I think the rest of my post applies. We seem to be getting away with it. Maybe because our #1 product is FRNs that everybody uses around the world.

jonny5 said:
I said debt, not deficit. US debt is now more than 100% of GDP.
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specklebang said:
You are correct. My error. Point taken. Thank you, I live and learn.

Still, I think the rest of my post applies. We seem to be getting away with it. Maybe because our #1 product is FRNs that everybody uses around the world.
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The problem is its accelerating, and we're wasting hundreds of billions in interest. 25% of all revenue goes to debt service. There should be no disagreement that something has to be done about reducing the deficit and debt, only how.
 
By what creative math and extra Constitutional logic has the president saved the average family $3,600?

The president doesn't set the tax rate.
If the average family has really saved that much since 2008 by any real statistic, then I'd be very surprised.
 
Dittohead not! said:
By what creative math and extra Constitutional logic has the president saved the average family $3,600?

The president doesn't set the tax rate.
If the average family has really saved that much since 2008 by any real statistic, then I'd be very surprised.
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But, but , but. obama said it, it has to be true, obama is my hero he never be tellin no lies! :lamo
 
You are correct in your assessment. Regrettably, nothing can or will be done about the situation.

We are supposedly ging to make a choice between 2 parties. However, they both intend to continue amassing debt. The big bucks woill go to slightly different people depending on which team we end up with.

Team Romney will spend more on military. Team Obama will spend more on welfare. But spend they will.

jonny5 said:
The problem is its accelerating, and we're wasting hundreds of billions in interest. 25% of all revenue goes to debt service. There should be no disagreement that something has to be done about reducing the deficit and debt, only how.
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That figure seems valid. Payroll tax and FICA assessments have gone down under Obusha. Inflation has consumed most of these "savings" but they are real. That's NOT a point in Obusha's favor. Those "savings" have ben added to the debt.


Dittohead not! said:
By what creative math and extra Constitutional logic has the president saved the average family $3,600?

The president doesn't set the tax rate.
If the average family has really saved that much since 2008 by any real statistic, then I'd be very surprised.
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