Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

Gill said:

Obama Admin: Cap And Trade Could Cost Families $1,761 A Year - Taking Liberties - CBS News

The Obama administration has previously said that the cap and tax bill would only raise taxes by about $175 per household. As mentioned in the CBS article, this Treasury Dept. report was obtained only by a FOI filing by the Competitive Enterprise Institute. This report should have been public knowledge as soon as it was released.

It would be very interesting to know what was redacted by Treasury and why they felt it was necessary to redact it.

Since the Treasury Dept. is estimating the costs at TEN times what Obama claimed, I predict this will be the death knell for this boondoggle. With healthcare reform taking a beating due to its high costs, Cap & Tax was on a downhill slide anyway.

Your thoughts?

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This administration and the willing morons in the Congress haven't even begun to tax the American taxpayers into oblivion. Anyone want to guess how much it will take to pay down the current deficit and US debt?

US Debt is about $12 trillion and the deficit heading up beyond $1.6 trillion.

If you spent $372 MILLION every day for 100 years you still would not have paid for this.

dragondad said:

From your own source:

""Even if a 100 percent auction was a live legislative proposal, which it's not, that math ignores the redistribution of revenue back to consumers. It only looks at one side of the balance sheet. It would only be true if you think the Administration was going to pile all the cash on the White House lawn and set it on fire.""

Yes what are they going to do with the money? Help pay off our National debt? Use it offset income taxes which are not sufficient to pay our bills now?

Right wingers are the biggest dead beats I know of.

They know for a fact we are not paying our bills yet they gripe about paying additional taxes to fund government. With this "tax" it raises revenue, helps the enviroment, and encourages energy conservation, and less dependece of foreign oil.

They're like little spoiled children....any small sacrifice whatsoever on the part of Americans to pay fully for their goverment sends them into hissy fits.

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I have to laugh at the uninformed attempting to lecture on economics 101.

Your rabid hyperbolic hyper partisan rhetoric aside; one would have to have the education of a 3rd grader to think that by stealing money from those who produce income and re-distribute it to those who produce nothing will spur economic activity.

But alas, that is the mental state of the current President and the morons that currently infest the congress with their economy busting stupidity.

Economics should become a required course for High School just like math and English.

Here’s what Obama and the morons in the Democrat Party argued to pass the “porculus” bill that has done NOTHING to stem the rate of unemployment and spur anything that could be hyperbolically claimed as a recovery:

Imagine if you will that there is this vast lake we call the economy; Democrats are dipping their buckets into one side of the lake, walking to the other side and with great fanfare pouring the water back into the lake while claiming they are raising the lakes level.

It’s idiotic, it’s simplistic and even a small child can see through these attempts as doing NOTHING to increase economic activity and job creation. It is equally stupid to think that by Government involvement deciding who the winners and losers will be in any economy that it will lead to growth.

But alas, this is the child like simplistic ideas of the current President, this Administration and the current leadership in the congress.

dragondad said:

If you knew about macroeconomics you would know that this revenue goes right back out into the economy.

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Oh my, this is truly hysterical coming from you! :rofl

Tell me professor, what university did you attend to receive your economic degree? :rofl

dragondad said:

Oh that's just me and this crazy Nobel prize winner in economics ....don't mind us!

You've got Glenn Beck on your side.


Is Obama relying too much on tax cuts? - Paul Krugman Blog - NYTimes.com


""Other things equal, public investment is a much better way to provide economic stimulus than tax cuts, for two reasons. First, if the government spends money, that money is spent, helping support demand, whereas tax cuts may be largely saved. So public investment offers more bang for the buck.""

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Paul Krugman, former advisor to Enron, and a Liberal who proclaims: "I have always been a free-market Keynesian: I like free markets, but I want some government supervision to correct market failures and ensure stability."

The notion that Keynesian theories have anything to do with free markets is laughable at best.

Keynes theories have been all but proven wrong and only taught in Universities as an educational tool for how far economic theory has come from the Keynes days.

Krugman is truly and intellectual midget how completely discounts the reality of supply and demand and discounts the "human behavior" element of economic activity to such a degree as to fall for the Keynes ideas as being "socially" more acceptable than real free markets.

The ONLY thing you will get from the vast Government interventionism we see now is far worse economic repercussions in the future.

It was Government interventionism that allowed the false bubble in the mortgage markets by demanding that those who cannot make their payments be allowed to borrow vast sums far in excess of their ability to play claiming that it was a RIGHT to own a home in America and any attempts to reign in the negligence of Fanny Mae and Freddie Mac were racist.

Good lord, Krugman has the credibility of Al Sharpton.

:rofl

dragondad said:

Could you spare us the Socratic method and get to the point?. And either post your credentials as an economist or link to an objective source who makes your same argument? I can list scores of objective sources that show tax rates do not effect the economy one way or the another.

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I would love to see your credentials. I studied economics and finance and have an accounting degree from Cal State Fullerton University with 37 years experience in the real working world starting from the bottom working as a member of the Machinists union to the executive level and have yet to see a rational or sound economic argument for what the current Administration is doing.

Gill said:

Obama Admin: Cap And Trade Could Cost Families $1,761 A Year - Taking Liberties - CBS News

The Obama administration has previously said that the cap and tax bill would only raise taxes by about $175 per household. As mentioned in the CBS article, this Treasury Dept. report was obtained only by a FOI filing by the Competitive Enterprise Institute. This report should have been public knowledge as soon as it was released.

It would be very interesting to know what was redacted by Treasury and why they felt it was necessary to redact it.

Since the Treasury Dept. is estimating the costs at TEN times what Obama claimed, I predict this will be the death knell for this boondoggle. With healthcare reform taking a beating due to its high costs, Cap & Tax was on a downhill slide anyway.

Your thoughts?

Click to expand...

Obama is a flat out liar, his lies have been proven conclusively. His $175 statement was made in June, the treasury report with the $1,761 figure came in March, he kept this from Congress and from the American people and knowingly and intentionally lied about the actual figures and then if that wasn't bad enough tried to sweep the report under the rug. It took a god damn FOIA request to obtain this document for Christ's sakes. Obama lied the economy died.

dragondad said:

From your own source:

""Even if a 100 percent auction was a live legislative proposal, which it's not, that math ignores the redistribution of revenue back to consumers. It only looks at one side of the balance sheet. It would only be true if you think the Administration was going to pile all the cash on the White House lawn and set it on fire.""

Yes what are they going to do with the money? Help pay off our National debt? Use it offset income taxes which are not sufficient to pay our bills now?

Right wingers are the biggest dead beats I know of.

They know for a fact we are not paying our bills yet they gripe about paying additional taxes to fund government. With this "tax" it raises revenue, helps the enviroment, and encourages energy conservation, and less dependece of foreign oil.

They're like little spoiled children....any small sacrifice whatsoever on the part of Americans to pay fully for their goverment sends them into hissy fits.

Click to expand...

Sorry but my opposition of your theft of my property without my consent does not make me a deadbeat. And the last time I checked the Democrats care so much about the national debt that they intend to raise it higher then ever before in our history. You want to decrease the debt? Cut ****ing spending and get your god damn hands out of my pocket. But no Murtha needs a new airport that gets less flights than an airport above the arctic circle.

dragondad said:

Like the quote says...what do you think they are going to do with the money from the Cap and Trade program ....burn it on the WH lawn???

If you knew about macroeconomics you would know that this revenue goes right back out into the economy.

So it has no net effect of the economy. If fact! One could argue since the Government would spend 100% of the money it's likely to spur the economy more so than if consumers spent the money as they would save a small portion of it.

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lol if you knew anything about economy the money gets spent on bridges to nowhere and bail outs to corporate fat cats and the unions.