About seascraper

  • Vote3rdpartynow

    1. Barack Obama is notorious for using bad data to formulate budgets.  Time and again he has used bad, or misleading data to create economic models that look good on paper, but are worthless in reality.  We know this because he claimed his stimulus package would keep unemployment under 8 percent – and it didn’t.  

    From House Speaker John Boehner’s official economic report:

    The claim has its roots in a pre-inauguration report called “The Job Impact of the American Recovery and Reinvestment Plan” from two of Obama’s top economic advisers. It was a projection, not a promise — one that came with heavy disclaimers, with warnings of a high margin for error, and was built on government data that turned out to have underestimated the severity of the economic contraction.

    Obama also claimed by the end of his first term he would have cut the budget deficit in half.  That did not happen!  In fact, the deficit has skyrocketed based on his insane spending programs aimed at lining the pockets of union bosses and public employee unions.  There have been 4 years of trillion dollar plus deficits – unprecedented in US history.

    Obama recently stated in a personal interview:

    “So, the die had been cast, but a lot of us didn’t understand at that point how bad it was going to get. That increases the deficit because less tax revenues come in, and it means that more people are getting unemployment insurance, we’re helping states more so they don’t teachers, etc.

    I could find numerous other examples of Obama’s unfortunate analytical abilities resulting in worsening economic conditions, but we all get the point!  The guy is a community organizer – not a businessman or economist.

    The second point:

    2. The Democrats Senate has not, and will not, vote on a budget.  We have been well over 1000 days since they actually passed a budget, which is a requirement of the constitution.  Why Harry Reid has not been called out for this I do not know…  So the best budget in the world means nothing if Harry Reid won’t vote on it….  You would think with all the mainstream media looking for a big story that the Democrat led Senate not voting on a budget would be a good one to cover?

  • MerrimackMan

    Just remember 58% of all Federal Taxes are paid under the current system by the top 5%. If you lower taxes, its going to effect them the most. (IE. Estate Tax and Corporate Tax). That doesn’t suggest we shouldn’t do away with these onerous taxes. First of all, they are proven to be job-killers. Second of all, the estate tax is immoral.

    Here’s what they used to deduce the “Romney Tax Plan”:

    Under a Romney presidency, most of the current tax system would remain intact, although he would permanently do away with the estate tax and lower the corporate rate from 35 percent to 25 percent.

    He would also make permanent the George W. Bush-era tax cuts that are scheduled to expire at the end of the year.

    While millions of households would see tax cuts, thousands of poor Americans would see their tax bills rise, by an average of $1,000, because of changes to child and earned income credits.

    Not sure how this would be different than the Simpson-Bowles plan, which eliminated deductions, and lowered rates. Sounds like the bipartisan Simpson-Bowes plan would have done even more to raise rates on lower income Americans, considering the bottom 60% of earners aren’t really paying much at the moment, and it just removes their benefits under the current tax code. (Not saying they really need to pay much)

    The Obama Tax Plan on the other hand gives out more goodies in the form of tax exemptions to lower income Ameriacans, while repealing the Bush Tax Cuts on upper-income Americans.

    It’s your call, give out more goodies so that the government is the source of revenue for Americans on the backs of a few, or build a powerful economic engine that will produce jobs and levy lower amounts of taxes on all Americans. If you tax success, you will get less of it, that’s how incentives work, and government is doing far too much of that lately.  

  • BrocktonDave

    …then even if Romney raised taxes one dollar he would be to the left of Obama?

    I’m sure the 13% of people who are effected by this who actually do pay taxes would love to see those who are draining them dry pay something.