Change of Heart

Don't bother going to http://spendenforcer.com/ It's a complete waste of time.

Category:

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• Debt
• Crisis
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• Crash
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[allendista]

If America raises taxes on the rich to the tune of 45% of their income then the government would have enough money.

[VortigernPendragon]

@allendista Not even close

[allendista]

@VortigernPendragon Well we can always take it up and tax the rich to the tune of 85% which was the rate that they were paying in the 50's and 60's.

The financial problems have nothing what-so-ever to do with spending but everything to do with revenues. You raise taxes on the rich and it's problem over.

[VortigernPendragon]

@allendista Actually, the Heritage Foundation calculated that the government would have to tax the rich at a rate of 134% to make up the current deficit. They got their stats from the White House's Office of Management & Budget. 134% is, of course, impossible.

[Ralphdraw3]

Where were you when George Bush increased the national debt by $5 trillion and, at the same time, lowered taxes on the super rich?

[ihavetofishable]

"COLLECT WITH GUSTO!!!" LOL Great video!

[pettyofficer30]

NAFTA is what doomed this country.

[Beachbug1vw]

Awesome! I have been saying this for so long and the entitlement society refuses to face reality!

[allendista]

@Observer2The --You take every govt dollar spent from 1776 onwards till 1981. Then you go from 1982 When reagan/Bush took over and in a short 12 years you double the debt. That's fiscal conservatism for you. Then you have Clinton balancing budgets and getting surpluses and then you have Bush Jr. Fucking it all up again with tax cuts.

[Observer2The]

@Handelson71 Obama wasn't even trying to balance the budget at all under any of the proposals. You don't even know what the discussion is, yet come in here and call someone an "ignorant Republican cow."

[Observer2The]

@allendista Completely incorrect. Financial problems are entirely due to spending. You could confiscate every asset down to the last pair of underwear of "the rich" and it would not cover the cost of current spending for any sustained period of time. The future unfunded liabilities of the current government spending is literally more money than exists in the entire world.

[Bcroft39]

Great video pal..LOL

[Handelson71]

@VortigernPendragon Re. allendista: Who is talking about taxing the rich at a rate of 134%? Just going back to historical levels would do just fine. By the way, President Obama's grand bargain was made up of 75% spending cuts to only 25% revenue increases, so the notion that the Pres. is trying to balance the budget just by taxing the rich is totally false. If you want to be perceived as an ignorant Republican cow who knows absolutely nothing, then keep spewing baseless GOP talking points.

[Handelson71]

People like Pendragon are always preaching doom and gloom. They think America is still a small, provincial, agrarian nation that can have a small central government. Watch what Republicans do, not what they say. Reagan was a huge spender who left the country in severe debt. Bush 43 inherited a surplus that he squandered and instead left a ton of debt and a near economic collapse. Obama's stimulus spending is a result of the near financial collapse that Bush left behind. Vote Democrat!