Mitt in Wonderland: Shrink the debt AND cut taxes by 20%?

Rick Santorum points to the GOP's 2012 nominee to be president of the United States

Rick Santorum points to the GOP's 2012 nominee to be president of the United States

Prior to last night’s debate, Mitt Romney released an updated version of his tax plan, which now calls for a 20 percent reduction in marginal tax rates across the board. And while the top tax rate would drop from 35 to 28 percent, Romney pledged yesterday afternoon that he would take steps to ensure that the top 1 percent wouldn’t reap huge benefits.

“And by the way, I want to make sure that you understand, for middle-income families, the deductibility of home mortgage interest and charitable contributions, those things will continue, but for high income folks, we are going to cut back on that so we make sure the top 1 percent keeps paying, paying the current share they’re paying or more. We want middle-income Americans to be the place we focus our help, because its middle-income Americans that have been hurt by this Obama economy.”

However, a few hours later, after Rush Limbaugh went on the air to condemn Romney for buying into the “1 percent vs. 99 percent” meme, and after Rick Santorum attacked him for the same thing, Romney changed his tune, asserting in the debate that “Number one, I said today that we’re going to cut taxes on everyone across the country by 20 percent, including the top 1 percent.”

Now, the vision of Romney publicly flip-flopping on his own plan in a matter of mere hours should not alarm you. The man’s a professional; he has done this kind of thing before. He can shown the ability to twist himself into knots that would break the spine of mere mortals. In fact, once his political career is over, he’s going on the road as a contortionist with Cirque du Soleil.

In the meantime, however, we have this tax plan to consider.

In the past, Romney has said that current debt trends are unsustainable, and they are. He has said it is immoral to continue to pile debt on our children and grandchildren, and it is. He argues that we’re going to have to make cuts in entitlement programs, and we will.

However, I do not know how it is possible to make such statements about the debt and then turn around and promise to “cut taxes on everyone across the country by 20 percent, including the top 1 percent,” as he did last night. Even for Romney, this is a challenging contortion.

The bipartisan Center for a Responsible Federal Budget (see note below) has taken a look at Romney’s new plan and has concluded that if he really does enact the promised 20 percent tax cut, federal debt as a percentage of GDP would rise from 68 percent in 2011 to 96 percent by 2021.

The CRFB has also analyzed the impact of the proposed Obama budget. Using what it believes to be more realistic economic and spending projections than provided by the administration, CFRB says that by 2021, the Obama approach would produce a debt-to-GDP ratio of 84 percent. While high, that is considerably lower than that produced under the Romney approach.

In the debate last night, Romney promised that if elected he would look at every federal program and ask, “Is this program so critical that it’s worth borrowing money from China to pay for it?” It’s an effective rhetorical device, and not a bad way to look at spending proposals either.

However, honest debate requires the admission that a 20 percent cut in taxes would also be financed by borrowing hundreds of billions of dollars from China and elsewhere. Over the long term, the hard truth is that to reclaim control of our fiscal future, we will have to raise taxes, not cut taxes, while we also reduce spending. To suggest that we can make progress on such a goal while slashing taxes yet again is economically, mathematically and morally fraudulent.

– Jay Bookman

NOTE: From 9:30 to 11 a.m., CFRB will present a streamed update of its analysis of the tax and budget plans of the Republican presidential nominees. It can be viewed here.

307 comments Add your comment

Adam

February 23rd, 2012
9:19 am

Cherokee

February 23rd, 2012
9:21 am

It’s been said before, of course, but the problem is the Republican base, who’ve been assured by the Neal Boortz’s of the world that cutting taxes results in increased revenues. And those are the true believers who turn out for Republican primaries.

Bruno

February 23rd, 2012
9:23 am

In fact, once his political career is over, he’s going on the road as a contortionist with Cirque du Soleil.

And once your newspaper career is over, you should consider writing jokes for Don Rickles. Or is his level of humor too high-brow for you, Jay??

Guy Incognito

February 23rd, 2012
9:24 am

“Britain’s New 50% Top Tax Is Failing to Boost Revenue, The UK Telegraph reports.”

Butch Cassidy

February 23rd, 2012
9:25 am

I’m curious, did Romney also elaborate on how we would pay for ground troop in Iran with a 20% decrease in revenue without borrowing from China?

Orally Taint

February 23rd, 2012
9:25 am

and he can kiss the top 1% of my ass.

ByteMe

February 23rd, 2012
9:26 am

I dont understand. I thought all we needed to do was cut $1 trillion being given to PBS and Planned Parenthood each year and we’ll be in a surplus again.

JohnnyReb

February 23rd, 2012
9:26 am

Did not watch the debate. I understand Santorum took some body blows. My money is still on Santorum. He may have teamed while in Congress and voted for spending, NCLB, etc., but he is more trustworthy than Romney who has all the marks of a snake oil salesman.

Bruno

February 23rd, 2012
9:26 am

Just a word of reassurance to the Libs who have been falling over themselves insulting the Repub candidates: We’re going to be just fine Post-Obama. All of the candidates turned in a strong debate performance, Mitt in particular.

As per whatever specific plans he may be advancing now, I’ll put them in the same circular file I put all politician’s campaign promises. Or do we need to rehash all of the empty promises that Obama made??

Peadawg

February 23rd, 2012
9:27 am

“Now, the vision of Romney publicly flip-flopping on his own plan in a matter of mere hours should not alarm you.” – Not at all. We’re used to it by now.

READ MY TYPED WORDS (since you can’t see my lips) – NO NEW TAX CUTS FOR THE RICH

Simple Truths

February 23rd, 2012
9:27 am

As bad as Jay’s blog is, remember, it is much better than Cynthia Tucker’s old blog.

TaxPayer

February 23rd, 2012
9:28 am

Too bad the Republicans do not want to share their math with us any more regarding their plans to pay down the debt. Ever since Paul Ryan’s plan was shown to be nothing more than a yellowbrick roadmap to a fairy tale, the GOP has been rather reluctant to share any more of their mathematical prowess.

ty webb

February 23rd, 2012
9:29 am

“I dont understand.”

we all know that.

Adam

February 23rd, 2012
9:29 am

I have a libertarian friend who consistently argues that we ONLY have a spending problem, that “the Left” says we ONLY have a revenue problem, and that despite my evidence and continued insistence based on fact, that we do not have BOTH a spending problem and a revenue problem. He followed this up with a number of articles from “Reason” that portray the revenue percent of GDP as “stable” and that the top marginal tax rates changed downward over many decades while that percent remained the same. The article curiously leaves out the last 4 years or so of data.

I intend to write up something about how this is NOT the case, that we DO have both a spending and revenue problem, and that focusing on just the top marginal tax rates and percent of GDP revenues ignores how else those taxes were collected, and is a significant reason for a 3-4% drop in revenue as percent of GDP lately.

To end the conversation I and my Libertarian friend were having, I pointed out that I have not heard a single pundit or politician claim we ONLY had a revenue problem. His reply:

“You’ve never heard it because everyone seems to be suffering from a collective case of group think (with the exception of libertarians).”

So everyone in every group suffers from group think, EXCEPT libertarians (a group). :roll: I think such thinking is quite delusional and it doesn’t help make him seem like he knows what he is talking about at all.

They BOTH suck

February 23rd, 2012
9:29 am

“We’re going to be just fine Post-Obama.”

You have to admire an individual who thinks ahead. This guy is already thinking 2016…….

Good for you

Bruno

February 23rd, 2012
9:30 am

JReb–I still prefer Newt, but have to note that Romney is coming across better these days. Santorum still scares me with some of his Bible-thumper positions, but he took special pains last night to state that while he plans to continue to advocate a more moral course of action for the country, he doesn’t plan to use the force of government to bring it about.

Peadawg

February 23rd, 2012
9:30 am

“As bad as Jay’s blog is, remember, it is much better than Cynthia Tucker’s old blog.” – Don’t insult Jay like that by comparing him to Cynthia.

ByteMe

February 23rd, 2012
9:31 am

We’re going to be just fine Post-Obama.

In 2016, there will be a new crop of GOP-crazy to amuse ourselves with. We’ll be fine!

Bruno doesn’t get that it’s a systemic problem. Ya can’t keep pushing the sane out of the tent and expect to win the big elections.

Joe the Prophet

February 23rd, 2012
9:31 am

Santorum is a nincompoop…and Mitt is not a Christian….Newt is….well, Newt…..

Gary Johnson and Ron Paul on the 3rd party is the only chance to defeat President Obama in 2012…….otherwise, it won’t matter if gas gets to $6.00 and unemployment gets to 12%…….

WOODSTOCK MIKE

February 23rd, 2012
9:31 am

I love when Democrats talk about income taxes. Read this article. These 50% that don’t pay a dime are the one’s with the loudest voice on who should be taxed. What’s really strange is that Democrats don’t even believe this is true?? What a joke…

http://www.dailymail.co.uk/news/article-2105131/HALF-Americans-dont-pay-income-tax-despite-crippling-government-debt.html

ty webb

February 23rd, 2012
9:32 am

“The CRFB has also analyzed the impact of the proposed Obama budget. Using what it believes to be more realistic economic and spending projections than provided by the administration,”

anyone else see what jay did there?

Joe the Prophet

February 23rd, 2012
9:32 am

I heard that gas is only 25 cents a gallon on the planet Kolob…..!!!!!

Butch Cassidy

February 23rd, 2012
9:33 am

Do the GOP candidates ever review their own video? I’m still waiting to see the details of their grand plan that will allow them to reduce the price of gas to $2.50 a gallon without nationalizing the oil industry, pay for a moon base without raising taxes, fund an assault on Iran in defense of Israel with a 20% reduction in revenue….etc. While they’re at it, maybe they could raise the Titanic and use the tourist dollars to off set the defecit.

Jay

February 23rd, 2012
9:34 am

Shoot, Bruno, go to any right-wing blog and you’ll read far harsher critiques of the GOP candidates than almost anything you’ll read here.

The same with conservative pundits. I mean, have you read Ann Coulter on Newt and Rick, etc? And every poll I’ve seen says that a lot of conservatives are very unhappy that these are their choices.

So while you may find it useful to pretend that bashing this field of candidates is a liberal thing, the truth is very different.

Granny Godzilla

February 23rd, 2012
9:34 am

Wonderlands own earlier this week

“If you just cut, if all you’re thinking about doing is cutting spending, as you cut spending you’ll slow down the economy,” he said in part of his response. “So you have to, at the same time, create pro-growth tax policies.”

From MSN.com

One pill makes you bigger and one pill makes you small
it appears that whatever Mitt’s taking does nothing at all.

ByteMe

February 23rd, 2012
9:34 am

Santorum is a nincompoop…and Mitt is not a Christian….Newt is….well, Newt…..

Interesting that people will go around telling other people who is and is not a Christian, like they have special God powers to determine that.

They BOTH suck

February 23rd, 2012
9:34 am

Jm

If you are on today, I want to extend an apology for my reply to your post last night. While you assertion on “earmarks” was incorrect and I did not appreciate being told to “shut up” because I challenged your incorrect talking points; I still shouldn’t have responded in the manner in which I did. For easily proving you incorrect (that’s not a difficult task) I do not apologize, but for my outburst, I do apologize.

I like to mix it up with the best of them; however I was out of hand.

In the future I will let you live in fantasy land and not address your unsubstantiated talking points and diatribes.

Peace…………

AmVet - Stop the Phallacy Party.

February 23rd, 2012
9:35 am

Sounds like Flip is getting dangerously close to being a Buffett plan kind of guy.

At least his rhetoric indicates that he is willing to start a war on the winners, the job producers and the demonized (hat tip to the trolls who love that word), misunderstood billionaires.

No wonder the fat mooch king of the airwaves went apoplectic.

As the con twits patiently await their long promised, never produced trickle down…

Bruno

February 23rd, 2012
9:35 am

Bruno doesn’t get that it’s a systemic problem.

Out of curiosity, ByteMe, what qualifies you to speak for or even about conservatives?? After all, it is the prevailing Lib theory that only blacks can speak for or about blacks, only women can speak for or about women. Why should I give your opinion more than a glancing thought??

ByteMe

February 23rd, 2012
9:36 am

I mean, have you read Ann Coulter on Newt and Rick, etc?

OMG, Jay, you poor guy, being forced to read her dreck for your job.

Fly-on-the-Wall

February 23rd, 2012
9:36 am

The funny thing will be, if elected, when the Republican voters get what they think they asked for and realize that they just lost everything they were either getting or counting on from the government.

There was a study recently that found a fair amount of Republicans in red states were the ones receiving Federal government aid but at the same time they would say that they had never received aid from the Federal government. The percentages of red state Republicans receiving this aid was higher than blue state Democrats. The interesting point is the disconnect by the voting public on what aid they receive and where it comes from.

JohnnyReb

February 23rd, 2012
9:36 am

Bruno – I’m old enough to recall the hubub of JFK being a catholic when he announced candicacy. It’s much to do over nothing. All people are influenced by their faith even if they don’t have any. Because Santorum is so outspoken against the gay community agenda he takes a lot of heat from the biased media with comments taken out of context or the subsequent clarification not included. I’m OK with Mitt, in fact the wife and I was for him instead of McCain. However, this round I believe Santorum the better choice. He is not Reagan, does not claim to be, but he has a lot of Reagan’s traits.

Now, I fully expect our host to remind me of Reagan not measuring up to today’s conservative standards, tax increases, etc. I know all of that. I’m talking deeper, the core of the man.

Newtiepewtie

February 23rd, 2012
9:36 am

Is it the GOP/Grover Norquist strategy to get Uncle Sam into such a deep hole that not even raising taxes will help lower deficits? If so, mission accomplished.

ByteMe

February 23rd, 2012
9:37 am

what qualifies you to speak for or even about conservatives??

Awww, poor Bruno got his widdle feeling hurt. (and, yes, that’s not a typo)

What qualifies you to define who is a conservative or a liberal?

WOODSTOCK MIKE

February 23rd, 2012
9:37 am

We’ve become a nation where nothing is good enough for anyone, everyone’s shortcomings are somebody elses fault, nobody takes any accountability for anything, Democrats and Republicans bicker worse than my children, maybe this country is in trouble. Even Democrats don’t like Obama, when that’s the case you know that no matter who is in office people will just gripe for the sake of griping, I can’t stand whiners. We are becoming a nation of whiners!!

ByteMe

February 23rd, 2012
9:37 am

There was a study recently that found a fair amount of Republicans in red states were the ones receiving Federal government aid but at the same time they would say that they had never received aid from the Federal government. The percentages of red state Republicans receiving this aid was higher than blue state Democrats.

This surprises anyone outside Rightwingnutistan?

WOODSTOCK MIKE

February 23rd, 2012
9:38 am

ByteMe

February 23rd, 2012
9:38 am

I can’t stand whiners. We are becoming a nation of whiners!!

Quit whining already. :)

Adam

February 23rd, 2012
9:38 am

I love when Democrats talk about income taxes. Read this article. These 50% that don’t pay a dime….

Anyone wanna bet this is what Boortz and Rush talked about this morning?

Bruno

February 23rd, 2012
9:38 am

The same with conservative pundits. I mean, have you read Ann Coulter on Newt and Rick, etc? And every poll I’ve seen says that a lot of conservatives are very unhappy that these are their choices.

C’mon, Jay, you know that I’m a faithful guy. I get all my Repub-bashing from you and you only.

Seriously, Jay, all of the men on stage last night presented themselves well. I think the near-hysteria coming form the Left is a tad overstated.

ByteMe

February 23rd, 2012
9:39 am

What do Democrats have to say about this issue???

You want to rob poor people to get money? That’s so dumb. You rob rich people to get money, silly. Any good robber knows that.

St Simons - codewords are the new black

February 23rd, 2012
9:39 am

The Republicans have become the Amy Winehouse of ‘merkan politics

without the breathtaking talent, of course

Bruno

February 23rd, 2012
9:40 am

Awww, poor Bruno got his widdle feeling hurt. (and, yes, that’s not a typo)

Apparently you need a little more skill in reconizing sarcasm, ByteMe. I’ll add that to your long list of other personal deficiencies.

WOODSTOCK MIKE

February 23rd, 2012
9:40 am

“There was a study recently that found a fair amount of Republicans in red states were the ones receiving Federal government aid but at the same time they would say that they had never received aid from the Federal government. The percentages of red state Republicans receiving this aid was higher than blue state Democrats.”

Funny, I didn’t think you had to say what political affiliation you were when receiving federal aid? In other words, these comments above are a complete lie. More dumb Democrats.

ByteMe

February 23rd, 2012
9:40 am

I think the near-hysteria coming form the Left is a tad overstated.

That’s laughter, dude. Seriously. We think it’s funny.

Butch Cassidy

February 23rd, 2012
9:40 am

WOODSTOCK MIKE – ” I can’t stand whiners. We are becoming a nation of whiners!!”

Finally we agree. As I posted downstairs, I don’t want to hear anymore whining about the price of fuel and what Obama is going to do about it. The market is the market, it’s free trade. Keep the government out of it. I’m sure you’ll agree that if you think gas is to expensive, then you need to make better choices in both income and transportation. Thanks MIKE!

Brosephus™ - Browning America Since 1973

February 23rd, 2012
9:41 am

These 50% that don’t pay a dime are the one’s with the loudest voice on who should be taxed.

Are you talking about those with more than $100k of income who’s net tax liability is zeroed out using deductions?

———————-

on topic: Romney doesn’t instill much confidence when he shows that he can easily be swayed by pundit talk. For me, it shows that he doesn’t really believe in what he’s saying and is looking instead to try to say the right things. I want someone who’s gonna take enough time to THINK things through before blurting out crap hoping that it passes muster with inconsequential people who will stand in judgement anyway.

ByteMe

February 23rd, 2012
9:41 am

I’ll add that to your long list of other personal deficiencies.

You’re keeping a list? That’s wellll into anal behavior territory. Something I thought “conservatives” didn’t do unless they were politicians. :lol:

bman

February 23rd, 2012
9:41 am

when you folks find a cure for the common cold, let me know. I have the sniffles.. ..

Recon 0311 2533

February 23rd, 2012
9:42 am

Jay’s flip flopping from Santorum back to Romney. He must have felt that Romney performed better than Santorum in last nights debate and might regain the lead. BTW and O.T. 58% believe that Obama is doing a poor job regarding the ever increasing price for gasoline, while 39% think he’s doing a good job.The White House is worried that this will hurt Obama’s re-election chances as well they should. It will be interesting to see how the Obummer attempts to spin this crises in his speech today.

ByteMe

February 23rd, 2012
9:42 am

without the breathtaking talent, of course

Or the tats.

Adam

February 23rd, 2012
9:42 am

Under CRFB’s Realistic Baseline, which also assumes lawmakers extend expiring tax cuts and doc fixes….

Ah, so that’s what they consider realistic.

Not this time, dudes.

Jerome Horwitz

February 23rd, 2012
9:44 am

What never continues to amaze me is how middle class republicans are so worried about protecting the rich. While they continue to flounder. These people probably look at the early 1900’s with nostalgia.

ByteMe

February 23rd, 2012
9:44 am

Jay’s flip flopping from Santorum back to Romney.

The Newt Channel is on permanent test pattern now…. and even the media in Rightwingnutistan thought Paul was someone to ignore.

Adam

February 23rd, 2012
9:44 am

Apparently you need a little more skill in reconizing sarcasm, ByteMe

Retcon gaslighting is awesome, isn’t it?

TaxPayer

February 23rd, 2012
9:44 am

I heard that it was a well knowed fact that only Republican men are qualified to speak for or about women folks.

Butch Cassidy

February 23rd, 2012
9:45 am

Recon 0311 2533 – “It will be interesting to see how the Obummer attempts to spin this crises”

What crisis? Why should Obama do anything simply because you can’t afford to fill up your tank? If you don’t like the price of gas, don’t buy it. If you think it’s expensive, go buy a cheaper mode of transportation. Stop advocating that the government needs to interfere with the free market, or more importantly in our lives.

ByteMe

February 23rd, 2012
9:45 am

These people probably look at the early 1900’s with nostalgia.

You’re close to hitting the problem on the head. Dogmatic nostalgia for a time that never was is keeping them from advancing as a party.

JohnnyReb

February 23rd, 2012
9:45 am

“when you folks find a cure for the common cold, let me know. I have the sniffles.. ..”

Alcohol

ByteMe

February 23rd, 2012
9:46 am

Johnny @ 9:45: +1

Paul

February 23rd, 2012
9:48 am

Romney’s words played well to the base. They aren’t much into realistic analysis. And that’s what a candidate needs to win the nomination.

That US Budget Watch link? Just said Newt’s budget would grow debt to 114% of GDP.

Nice fiscal responsibility, conservatives.

Stevie Ray

February 23rd, 2012
9:48 am

JAY,

Maybe we should try something different. Like BO getting a spine and actually doing something in favor of us instead of re-election cash. His strategy with gas is….surprise..DIVERT blame and tell us all that we need to buckle down and accept increase gas prices. Not unlike his predecessor, he has run up quite a deficit in his short time in office. Is he responsible for anything? If GOP takes WH and lays 100% blame on your pal, how are you going to respond?

Butch Cassidy

February 23rd, 2012
9:48 am

Has anyone else noticed how many people complain about the price of gas, but then go out and buy 60″ flat screen t.v.’s, I-phones, laptops and drive Escalades and Expeditions? These people should have made better choices, instead of relying on the government to save them.

Randalph, the Wraith

February 23rd, 2012
9:48 am

This is funny! BHO at his finest…http://news.yahoo.com/obama-expresses-deep-regret-over-koran-burning-130521907.html

Recon 0311 2533

February 23rd, 2012
9:49 am

Butch, do you think that’s what Obama will say in his public address to the public today about the rising cost of gasoline?

0311/1811

February 23rd, 2012
9:50 am

Recon 0311 2533:

This kind of crap is starting to get a little old !

“President Obama apologized to Afghanistan’s president for the burning of Qurans by NATO troops as the Taliban called on Afghans to kill foreign troops in the country.”

ByteMe

February 23rd, 2012
9:50 am

This is funny! BHO at his finest

So if our troops went into Israel and intentionally burned a Torah, your thoughts on that?

AmVet - Stop the Phallacy Party.

February 23rd, 2012
9:50 am

Brother B, I find it a total waste of time to watch these parallel interviews mislabeled as debates. They are a total joke foisted on an entertainment addicted audience.

I assure you that if I could be the moderator for even one of them, the American people would get an unmistakable chance to see what ill-informed frauds and evasion professionals they are.

But the complicit corporate media gives every one of them a total pass for not even answering the questions.

I would not. They would be exposed for the cowards, or not, that they are.

And isn’t that the real reason to stage these farces in the first place?

Peadawg

February 23rd, 2012
9:51 am

“I heard that it was a well knowed fact that only Republican men are qualified to speak for or about women folks.”

I heard a well known fact that Democrats are qualified to speak for or about peoples’ health care.

Butch Cassidy

February 23rd, 2012
9:52 am

Recon 0311 2533 – “Butch, do you think that’s what Obama will say in his public address to the public today about the rising cost of gasoline?”

Obama can say anything he wants. I’ve never based my decisions on the sitting POTUS. Nor, do I hold them responsible for my failings. If your so upset about the cost of fuel, take responsibilty for your own situation and stop relying on the government. I gave you several suggestions earlier. It’s your choice whether or not you want to implement them.

Citizen of the World

February 23rd, 2012
9:52 am

Oh, and don’t forget — in addition to shrinking the debt and cutting taxes, Mitt promises to strengthen our weak and powerless military.

ByteMe

February 23rd, 2012
9:52 am

I heard a well known fact that Democrats are qualified to speak for or about peoples’ health care.

Not “qualified to speak about”, but “interested enough in it to speak about”

Recon 0311 2533

February 23rd, 2012
9:53 am

“Has anyone else noticed how many people complain about the price of gas, but then go out and buy 60″ flat screen t.v.’s, I-phones, laptops and drive Escalades and Expeditions? These people should have made better choices, instead of relying on the government to save them.”

Butch, you should recommend that the Carni man make that statement during the next W.H. press conference.

Thomas

February 23rd, 2012
9:53 am

As I logged in was thinking the 23rd is an odd (versus) even day so it is a Bookman bash Romney day. Love the predictability.

Keep Up--Te gusta losing numb nutz?

February 23rd, 2012
9:53 am

Notice that most of the conned right wingnuts skip over addressing the costs of Mitt’s plan. I guess they realize it looks like its Santorum v Obama and Obama will win. But the whining and the tantrums are bound to continue.

ByteMe

February 23rd, 2012
9:54 am

So if our troops went into Israel and intentionally burned a Torah, your thoughts on that?

No one complaining about BO’s apology wants to take this up?

Butch Cassidy

February 23rd, 2012
9:55 am

Recon 0311 2533 – “Butch, you should recommend that the Carni man make that statement during the next W.H. press conference.”

Why, gas prices aren’t and won’t affect me. Why are you defending government intervention to make gas cheaper? Why do you think you are entitled to cheap fuel?

ByteMe

February 23rd, 2012
9:55 am

Why are you defending government intervention to make gas cheaper? Why do you think you are entitled to cheap fuel?

Because he’s a whiny socialist marxist liberal, I tell ya!

Randalph, the Wraith

February 23rd, 2012
9:56 am

anybody but barry!

mm

February 23rd, 2012
9:57 am

“President Obama apologized to Afghanistan’s president for the burning of Qurans by NATO troops as the Taliban called on Afghans to kill foreign troops in the country.”

Hey genius, you do realize we still have troops on the ground there, don’t you? I guess you think Obama should have laughed and said “Bring it on!”

Randalph, the Wraith

February 23rd, 2012
9:57 am

Our troops wouldn’t burn a Torah!

Recon 0311 2533

February 23rd, 2012
9:58 am

“I gave you several suggestions earlier. It’s your choice whether or not you want to implement them.”

Thanks for your suggestion, please do some good for the country and inform the rest of the 58% who’re concerned. Maybe Obama might help by making your suggestions known during his speech today.

JohnnyReb

February 23rd, 2012
9:58 am

I see we are making no head-way on the folks who think the so-called rich don’t pay enough taxes.

Below is a link where when the adjusted gross income is entered, it shows which tax group it falls. Plus there are other selections that show a grid of which group pays how much, etc.

Here’s today’s lesson on Adjusted Gross Income which should help some, I hope, understand why raising tax rates will hurt small business and the economy.

Small business owners where there is a single owner or perhaps man & wife file their federal income taxes as an S-Corporation. Most small businesses are S-Corps. That means all the profit they make shows as adjusted gross income on their personal return and taxes are paid on that amount. If their AGI is over about 350K they fall into the 1% group. However, they can easily use 1/3 or more of that AGI as investment back in the business. Let’s say purchasing more inventory. So, they pay taxes in the 1% group and at the highest rate, but actually have much less disposable income. Raising their tax rates would be very bad. They would have less to invest and grow their business. If they don’t grow, they don’t hire, etc.

This is why we have a spending problem, not a tax rate problem. The Fed government is too big and requires too much tax money to operate. Way past the point of diminishing returns.

http://www.kiplinger.com/tools/income_rank/

0311/1811

February 23rd, 2012
9:58 am

mm:

Enough kowtowing !

Peadawg

February 23rd, 2012
9:58 am

“Not “qualified to speak about”, but “interested enough in it to speak about”

Good grief…that’s how you’re going to spin it? I could say the same thing with regards to Republicans and abortion.

I remember

February 23rd, 2012
9:59 am

Obama in wonderland. Jack taxes and keep the economy growing.
Obama in wonderland. Heath care for all and it the cost will go down.
Obama in wonderland. We don’t need no stinkin Constititution. It means what we say it means.

Butch Cassidy

February 23rd, 2012
9:59 am

ByteMe – “Because he’s a whiny socialist marxist liberal, I tell ya!”

Apparently so. If I rememebr correctly, the rallying cry over health insurance was “CHOICES”, and keep the government out of our lives. However, when the price of a commodity goes up, we suddenly need the government to step in and save us. Free trade, capitalism, bootstraps, responsibility and better choices are apparently reserved only for the poor and minimum wage earners.

mm

February 23rd, 2012
9:59 am

As for the price of gas, blame the republicans. The Dems tried to pass a law to stop the speculation on oil. It was shot down by the GOP. So wingnuts, stop complaining about the price of oil.

Randalph, the Wraith

February 23rd, 2012
9:59 am

Yes we do have troops there, and thanks to Barry and Joe, the bad guys know that exact date they will leave.

Brosephus™ - Browning America Since 1973

February 23rd, 2012
10:00 am

So if our troops went into Israel and intentionally burned a Torah, your thoughts on that?

No one complaining about BO’s apology wants to take this up?

Dude, you’re going against Marines. Have you not ever heard of diversionary tactics before? Instead of defending Romney, they’re drawing you away from that jackass of a candidate by talking about Obama’s appology.

Mick

February 23rd, 2012
10:01 am

Most small businesses would consider themselves lucky if they were knocking down 125k a year. Nobody is talking about raising taxes on them, I think the buffet rule is fair enough…

TaxPayer

February 23rd, 2012
10:01 am

I suppose Obama could offer to nationalize all of US big oil interests if that’s what it takes to make the Republicans happy.

Randalph, the Wraith

February 23rd, 2012
10:02 am

hehe Brosephus got the jackass right, just pointed it the wrong way. Barry is that, not the bright Republican canidates.

Butch Cassidy

February 23rd, 2012
10:02 am

Recon 0311 2533 – “please do some good for the country and inform the rest of the 58% who’re concerned”

They’re not my problem, I take respnsibility for my own actions than you very much. That’s the problem with this country, too many people expect everyone else to take care of them.

Mick

February 23rd, 2012
10:02 am

We really should be out of afghanistan, forget the apologies…

0311/1811

February 23rd, 2012
10:02 am

I remember:

Exactly ! Thank you !

Jerome Horwitz

February 23rd, 2012
10:03 am

The President did the right thing in apologizing for the Koran burning. It was inappropriate. While I doubt if the people who’s Koran’s were burned would reciprocate for burning a Christain Bible he did the right thing. For those of you who profess why should we because they wouldn’t – well that brings us down to their level. We’re above that and being the better man is never wrong.

Not a Neal Boortz Redneck

February 23rd, 2012
10:03 am

Bush proved tax cuts don’t pay for themselves.

Of course, Milton Friedman tried to tell the right wing Idiocracy that same thing to no avail.

0311/1811

February 23rd, 2012
10:04 am

Randalph, the Wraith @ 9:59:

Thank you.

If nothing else, this shows why it’s a “relgious war” and we continue to ignore that at our peril.

mm

February 23rd, 2012
10:04 am

I was listening to a radio show this morning. The host had watched a documentary on PBS about Clinton. The host pointed out that the hateful banter between the parties was the same then as now. Newt was right in the middle of it then. The GOP was complaining about the deficit (what a shock). On and on.

Righties, if you don’t change your playbook, you will see 1996 repeated.