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06-10-2008, 08:49 PM
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In actual dollars, President Obama’s $4.4 trillion in deficit spending in just three years is 37 percent higher than the previous record of $3.2 trillion (held by President George W. Bush) in deficit spending for an entire presidency. It’s no small feat to demolish an 8-year record in just 3 years.
Under Obama’s own projections, interest payments on the debt are on course to triple from 2010 (his first budgetary year) to 2018, climbing from $196 billion to $685 billion annually.
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EyelidsGuest
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- May 2008
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- 525
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EyelidsGuest
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EyelidsGuest
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06-10-2008, 11:42 PM
[QUOTE]]
If it triples again, life as you know it will end.
By the way, I thought most of the "middle class" that the libs are cyring about basically have thier investments, like 401k's and retirement funds with oil companies as one of thier bets, tax the snot out of them and who else do you hurt?
:Do not take life too seriously. You will never get out of it alive.
” I wondered why the rock was getting larger. Then it hit me.
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06-10-2008, 11:45 PM
:Do not take life too seriously. You will never get out of it alive.
” I wondered why the rock was getting larger. Then it hit me.
.
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- Jun 2005
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- Woodland Park, Colorado, United States
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06-11-2008, 06:48 AM
So in your small little mind this possibility will fix all the USA problems? There is a good reason we have a bicameral legislature. I suggest you be careful what you wish for.
Back to the topic; windfall profits will do nothing but take money out of your shallow pocket and put it in two places.
1. Gov't hands to be further wasted by Congress critters and
2. Those "EVIL" oil companies.
Do you honestly think the Oil companies will absorb a punitive tax and say "Oh well, we tried to gouge you and you guys stuck it to us?"
The punitive windfall profits tax will pass to consumers quicker than crap through a goose. Really Junior, demand a refund from your college for the failed attempt to educate you.
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06-11-2008, 08:28 AM
That's what little know-nothings like the gutless liar Eyelids forget. Corporations don't pay taxes...any operating costs, which taxes are a part of, are passed on to the consumer in the price of the product. So, if the Democrats are successful in increasing taxes on the oil companies, the ones who will really be hurt are the poor and middle class people of the country.
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