Obama's debt plan adds higher millionaires tax

President Obama's latest deficit plan will include higher taxes on Americans earning more than a million dollars a year. Whit Johnson reports on the so-called "Buffet Rule," in reference to Warren Buffet, and how the GOP is responding.

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News & Politics

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• cbsepisode
• president
• obama
• tax
• recession
• economy
• rich
• millionaire
• warren
• buffet
• rule
• cbs

[MegaXdsd]

"The problem with socilalism is that you evetually

run out of other people's money."

-Margaret Thatcher

And when that happens you'll have to take there Social security and Medicare.

[dswynne]

@teabaggersblow

“The problem with socialism is that you eventually

run out of other people’s money.”

- Margaret Thatcher

[dswynne]

@teabaggersblow

“The problem with socialism is that you eventually

run out of other people’s money.”

- Margaret Thatcher

[teabaggersblow]

@dswynne Don't worry dude if you can't figure out the last decade of this new century, then you might as well jack off until you go blind completely. We already know you are blinder than a motherfucker right now since our recent ten year history went right over your itty bitty hard headed skull. But the dumber you are the less you have to give a shit about life in general. Just swallow the corporate cum and pick shit out of your master's ass all day.

[teabaggersblow]

@dswynne Don't worry dude if you can't figure out the last decade of this new century, then you might as well jack off until you go blind completely. We already know you are blinder than a motherfucker right now since our recent ten year history went right over your itty bitty hard headed skull. But the dumber you are the less you have to give a shit about life in general. Just swallow the corporate cum and pick shit out of your master's ass all day.

[dswynne]

@teabaggersblow What does this have to do w/ the tax debate? I guess when a person can't make a counter-argument, s/he grasp at straw-arguments & name calling. I'm letting u now that I won't respond to your stupidity, vulgarity and banality, unless you actually have something to say. But I will leave you this thought: the only ponzi scheme that is being double-downed upon is the Democratic policy of Social Security and union pensions, with their trillions of dollars of unfunded liability.

[teabaggersblow]

@dswynne hahahahahaha hahahahahaha Talk about the rat calling out the cat. Do you ever acknowledge republican mistakes or just cream in your pants everytime some guy in a uniform feels your ass. hahahaha Jesus dude you got so much neo-con cum in that corporate belly, you think a war is your only way to salvation. hahahaha I have heard it all now. A republican doubling down on zero job growth for 8 years. An economy that made ponzi scheme a republican household name. Totally dumbed down.

[dswynne]

@teabaggersblow Try again. Blaming the 2 wars would not have kept the unemployment rate below. Fact: revenue doubled under GWB, which is why the actual yearly budget deficit never rose above $500B, with a total of $5T of debt overall during GWB's 8 years in office. Obama, on the other hand, has an annual budget deficit of $1.5T, & has already going to match GWB's tab within 4 years. That doesn't include his Obamacare, which will increase the debt to more than $20T in 4 years. U lose again.

[dswynne]

@teabaggersblow Read the AP fact-checking report on the validity of Pres. Obama's assertion about the amount of taxes the various income levels actually pay. The "rich" pay the most @ an effective rate of 25% of income, while the effective rate for the "poor" is 10%, all thanks to the GWB tax cuts. As for the wisdom of raising the tax rates: in fact, in 2009, Obama said that doing so during a recession is BAD. In other words, Obama is a liar trying to shore up his dwindling political base.

[teabaggersblow]

And God knows how Moody's and the S & P rated all these home and commercial property loans with AAA ratings. And they worked for the republican FED. Lying, cheating, stealing, republican pieces of shit. And we had Worldcom and Enron and Bernie Madoff. The fucking fox watched the fucking henhouse when republicans were in office. Fuck republicans!