Barack Obama to Cut $100 Million in Budget

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[hackit12]

marco114 did you know that the wealthest americans also pay 90% of the taxes? -

-

Factual number is closer to 40%

-

In the past 30 years since the first great tax reduction for the wealthiest 70-28% in the early years of the Reagan Admin. the lower class wage earners have been screwed wages have not kept up with inflation.

American workers have the highest productivity in the world.

Cont.

[hackit12]

frackle123 -'Obama spent more in his first year than Bush did in his 8.'-

-

Bush gave the Clinton 1/4 T$ surplus away - as a tax cut mostly to the wealthiest

[was supposed to of been kept for S.S. and Medicare]

Gave a second tax cut [for the wealthy] while planning the Iraq invasion - totally unprecedented tax cut in War time - 2nd simultaneous war]

Falsely represented both tax cuts as -"jobs programs'- - but did no tie them to hiring one American or improving businesses here !

[2eelShmeal]

Let's get perspective:

There are 1000 Billion in ONE Trillion.

There are 1000 Million in ONE Billion.

So, 100 Million is only a tenth of a Billion. It takes 10 stacks of 100 Million to make ONE Billion. In ONE Trillion, there are a Thousand Billion. That means you would need 10,000 stacks of 100 Million to make just ONE Trillion dollars.

So for 3.5 Trillion, the .5 is really 500 Billion (5,000 stacks of 100 Million each.)

3.5T= 35,000 stacks of 100M each.

Does 100M still sound like a lot?

[atypicalcalifornian]

@sentenced988 " I am pretty sure I read more than you on economy and politic since" lol i really doubt it

[sentenced988]

@atypicalcalifornian

I am happy that you care about my education on this issue.. but, I am pretty sure I read more than you on economy and politic since I am studying these fields, jerkoff.

On the other hand, I was only saying that our little friend here loves to twist the facts. Which you doesn't seems to deny, do you? It is something I really don't like and that I always see from right-wing nuts like this asshole. It is almost like if reality wasn't even deemed "pertinent" for these guys!

[atypicalcalifornian]

@sentenced988 hey jerkoff, 400 billion over ten years isn't shit. Our defecit is 1.5 trillion.  why don't you go read something

[atypicalcalifornian]

@hackit12 HIGHLY depended on which percentile you use, 20, 10 or 5? BIG difference. also wqhats this huge taxe reduction? Anyone making over about 200k has been paying over half their income (depending on the state) for a long ass time. Fuck all the dems/reps cut 3% here this and that bullshit, it's all a bunch of bullshit.

[sentenced988]

Hugo Chavez has been elected in 1998 with 56%, strongest majority in 40yrs, passed a new constitution with 72% approval, got re-elect in 2000, survived to a recall referendum confirmed by the OAS and the Carter Center, and got re-re-elect in 2006...

Chavez, a dictator, you say?

Laugh or cry?

According to the NYT : "the Obama budget’s main cut — $400 billion over 10 years — is the result of a five-year freeze in nonsecurity discretionary programs".

100 millions, you say?

Laugh or cry?

[robertwterry]

I love your videos.

[Darusdei]

hugo chavez is a dictator? hahahaha :D

and now what happened to your credibility?

[hackit12]

...

Yet the wealthiest have increased their take-home 600% +.

Theres class warfare, all right,

Mr. Buffett said,

but its my class, the rich class, thats making war, and were winning.

No offense to Mr. Buffet he is just -being objective-

and frequently quoted as -willing to pay more taxes- !

The only solution is reverse the Reagan/Bush tax breaks

If you are not in the oligarchy you are typing- against your best interests.