Obama On Boehner's 'Ant' Remark: He 'Can't Be That Out Of Touch'
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could be worse.....
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TRILLIONS in annual over-spends is devaluing the USD, meaning you are automatically getting poorer. The cost of living, like the price of food, will go up even though the economy is bad. On top of that taxes will obviously rise.
Why would anyone in their right mind invest in something that is devaluing, like the USD?
Why would anyone invest in a place where taxes are just going to rise?
Think about it. Clearly, companies will just take their money and invest in China.
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Tell us the economic logic of how President Bush solely caused the economic crisis.
The fact is the US economy is as bad, if not worse, than in was a year ago, but now there are TRILLIONS more in debt. The cost of living will rise for all Americans.
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@quizerry So what your saying is the rich pay 37% of the taxes. And it's a fact that THEY MAKE 90% OF ALL THE MONEY generated in the country . So they should pay 90% of the taxes. Don't try to bull shit me.
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@quizerry Bull shit. No one has taken Warren Buffet up on his challenge. He said if any CEO can prove they pay a higher percentage in taxes than there secretaries he would give them a million dollars. I know Gates don't need a million but wouldn't someone do it to prove him wrong. I'm waiting.
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@quizerry Very good points ! Obamanomics = Epic Fail !
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@socrguy123 I have yet to believe Congress know what the old saying means that businesses don't pay taxes. What it means is they add those taxes into the cost of doing business. The higher the taxes the higher their cost of doing business. The less they pay or hire or they raise the price of their products which is really bad in today's market when your competing with China.
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@hobo59 All true. Who won in the auto bailout? The union. The stock holders lost all their money, the investors who loaned GM lost all their money and yet the union comes out with part ownership for doing nothing and who actually atributed to their downfall. Now you and I own stock that is worth 0. The only way they can pay the 46 billion back to us is by issuing stock on the market. Are you going to buy stock when you already own the company?
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@JediMasterRick2 Also remember Gates pays income taxes on his salary and corporate tax on his businesses he also pays employment, SS, medicare, payrole taxes on over 40,000 employees, real estate taxes on all his properties, export import taxes,dividends, interest, and capitol gains. There are probably some I am missing. His taxes are so big the IRS 1960s IBM processing machines don't have numbers that high.
To republicans, it is an ant, because they plan to do nothing about it. They also plan to undo any regulatory reform that the Obama administration implemented. That's the republican way.
topgrain 1 year ago 4
@tishhead: DAMN you're DUMB.
They nat'l debt info were not "my numbers", they're official.
You say Bush's Med Part D was a "giveaway" to big pharma. How so?haha. It was to assist Sr's (you know, people who paid in their entire working lives). But it's different for Obama to offer it to ALL?
Look at the GDP when Med Part D was passed!
You say there was no way to pay for Med part D w/Bush, yet Obama campaigned to contribute even MORE to Prescip drugs. LOL... you're an embarrassment.
2010GOP 1 year ago 2