Why Obama can't spread the weath around
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Why Obama can't spread the weath around
| Thu, 10-16-2008 - 10:36am |
The problem is Obama will take $1 from Joe the Plumber and maybe end up giving a few pennies to someone in need. Big government doesn't work. When Carter left the White House he left a double digit jobless rate and high inflation. Reagan cut taxes across the board and jobs crew and inflation fell, meanwhile federal tax revenues ONLY dropped 1%. Obama says he's going to return to the Clinton/Reagan tax rates but that's not true, he's going to significantly increase payroll taxes and this will double the impact of his increase in the top marginal tax rate.
Pennsylvania Mom
http://openlettertobarack.blogspot.com/

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Look, it happens to be cyclical.
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You can't cut spending in this current economy when we
***I just wanted to say that a lot of people are fine with people making over $250,000 getting the tax increase, but they shouldnt be.
It's different when you are forced to give up what you earned compared to voluntarily doing so.
It's like if I came to your house and you had a better TV than me and I wanted it.
Pennsylvania Mom
http://openlettertobarack.blogspot.com/
Are you as charitable as this wealthy person??
http://www.northjersey.com/politics/Bidens_average_369_to_charity.html
You know what I can do with my thousands (not millions) that my husband earned? I can pay a part-time babysitter for nights I attend a class. She lives in the poverty level and the extra $120 she earns from me every month helps her and her young daughter out. We pay nearly $500/mo to two different music instructors. One is a middle class married guy with no kids, he's a teacher in a local school district and does this to supplement his income. The other is a guy living on the edge of poverty with two kids to support. He gets 4/5 of what we spend on music lessons and he needs every penny, private lessons are his only source of income.
I recalculated what Obama's increases will cost my family average every month, it's $1,350. It's not hard to see where we could cut $600 in unnecessary spending every month. And you know what - three people will earn less as a result. They might get a $300 check from an Obama stimulus package but I think they'd rather work and earn the $1,440, $1,200, and $4,800, respectively than each get $300 for the whole year.
Pennsylvania Mom
http://openlettertobarack.blogspot.com/
"It sounds like you are advocating the "trickle down" theory of economics?"
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