Originally posted by KidRock
Yeah, because the top 10% of this country only pay 68% of the countries taxes. Who do they think they are?While the bottom 50% pay an outrageous..3%
When 90% of the money is in the hands of 10% of the people then they should pay their taxes, yes. But, what people like yourself never seem to realize you're doing is arguing for breaking the law and going out of one's way to cheat and manipulate every loophole that has been built into the tax codes. I'm not sure I buy your statistics, but I am sure you're sure of them, so basically you advocate the rich being justified in not paying their taxes or shifting the cups around until the government can't find the pea.
Originally posted by Symmetric Chaos
"In January, the CBO projected the one-year 2009 deficit at $1.2 trillion. Remember, that's the 2009 fiscal year, which began in October 2008. That deficit was worse because of the recession, and grew because of a financial bailout plan in the fall. To be fair, we don't think Obama's record ought to be saddled with something that passed under President Bush.So let's add that $1.2 trillion that was largely started under Bush to the $5.8 trillion in national debt accumulated through fiscal year 2008. That comes to roughly $7 trillion. Under that scenario, the CBO's projections don't quite translate to a doubling of the national debt in 5 years ($7 trillion to $11.8 trillion). Nor does it fully support the claim that the debt would triple in 10 years ($7 trillion to $17.3 trillion). But it's not outrageously off either."
Food for thought.
This is a gross misrepresentation. Obama fought to get the bailouts approved. However, we can certainly pin the bailouts of the 2009 fiscal year prior to Obama's inauguration, part of the Bush Administration.