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Taxes and Obama
by run75441

Hey gang:

Anyone here think that Obama will raise taxes on those making less than $100,000/year??? as the McCain ad implies?

Re: Taxes and Obama
by JackDallas
I do.
No way, hey gang. Barak Obama is
by Skeptical3

his name conning the nation is his game will not increase taxes on bank interest, capital gains, the profits on US Small Business owners.

Obama is going to bring home our military from Iraq and muster them out of the service and use the money saved to pay for the $4000/yr four year grants to college students.

Obama is going to start up a National Lottery much like the Irish Sweep Stakes to fund current Medicare shortfalls. If new income fails to meet new outgo Obama will Oregonize Senior citizens, one nice cyanide pill per senior.

Just now Obama is struggling with his plan to pay the interest on the National Debt...the Big Picture has Obama either reneging or filing for bankrupcy in the World Court.

Off topic.

How solvent is YOUR bank, the one the Dem Congress failed to over see this and that?

"raise taxes"
by Sarvis

That's pretty quaint Run.

Obama will continue to subsidies and bailouts of wall street on our nickel. Eventually, you and I will pay for that.

You mean it isn't Clinton's fault?
by Sarvis

Wow. And who says evolution is only a theory?

YOU said that, I didn't say that.
by Skeptical3

Remember, the meaning of is is.

As it is right now, it is Clinton's fault that Obama got the nomination because the Clinton Peter Meter failed to pick up on Edwards.

Off topic.

Now that crude has dropped from $150 and the dollar is still ours, Run is stateside again. You figure gold will keep falling?

Re: Taxes and Obama
by firstphone

No matter whether he does or not is a moot question.The real question is whether there will be enough accountants to go around when big O takes the helm.

You remember A einstein claimed even though he was aware of all the laws of physics,he was yet to understand the IRS..

To be a success in the US you must beat the IRS..

Why can't we just ...
by watt4bob

... collect what's due from corporate scofflaws?

WASHINGTON (AP):

" — Two-thirds of U.S. corporations paid no federal income taxes between 1998 and 2005, according to a new report from Congress.

The study by the Government Accountability Office, expected to be released Tuesday, said about 68 percent of foreign companies doing business in the U.S. avoided corporate taxes over the same period.

Collectively, the companies reported trillions of dollars in sales, according to GAO's estimate."

W4B:

Welfare for corporations, rugged individualism for the rest of us.

I think he will.
by Tundrayeti

Looking honestly at the deficit, and the inherent weakness in the economy... it seems ludicrous to suggest that Obama or anyone else will magically balance the budget without extending the originally planned tax increases that he's laid out.

It's far more lunacy to imagine that other countries will continue to just write loan checks to us if our government is not clearly working towards solvency.

So, the next president will have to balance the budget... the weekness in the economy will make it impossible to cut ~600 billion dollars out of the national budget - no matter how aggressive the president wants to be... and that leaves an increase in taxes to cover the difference.

Bringing the troops home saves us ~100 billion/year, which is a start... but Obama's healthcare plan will balance that out.

That leaves us ~600 billion dollars that have to be generated from somewhere... There's not 600 billion that you can cut from the budget in a recession.

aka "privatize profits, socialize risk/loss"
by tartuffe

Ain't "free-market" capitalism grand?

Yup, it will be tough.
by Sawbones

All of those poor, overburdened companies. I was going to put this up, but watt4bob beat me to it.

Bring on the accountants - it's time some of the people skinning the rest of us paid something like their share.

New York Wall Street banks have indeed
by PumpkinSeed
seriously hosed up the US financial condition, but we will probably have to continue to bail them out because no serious person really wants to risk a collapse of the financial system of the largest economy on the world. (The Depression really was not all that great.)
Guaranteed!
by Sovereign8
IF ELECTED (doubtful) BO will raise income taxes on single (unmarried straight) people grossing $40 K. Gay marrieds will escape that tax increase until $80 K. Gays will rush to wed, spurred by tax savings.

Last I heard, Furman-Liebman plan to collect SS tax on income OVER $250 K, exempting income from $100 K to $249 K.

The more we hear from EITHER candidate, the more it smells like rotten cheese. Neither candidate will do much about anything.

Russia smells blood from the serious wounds on USA. France is the only country willing to "act," offering energetic tongue-treatments to USA, Russia, Georgia, and Iran simultaneously in the same bed.

USA (BO's or Mc's) options will be crimped by the escalating world WAR.

One other thing that will set the table for the next Prez will be interest rates.

It's all a big mess. One storm or attack could mean Lord Gen Petraeus takes over, with Giuliani as Veep AND A-G!
Probably
by NickD

We are over 10 trillion in debt, need to shore up social security, have a crumbling infrastructure and also need to invest in renewable energy industries until they can stand on their own feet.

Not to mention our Military is exhausted and their supplies have been squandered away and need replacing.

There are a host of things that need to be done in this country to build it back to where it was before the boomers took charge and I think the boomers, including myself have an obligation to pay for our last two decades of partying.

Re: I think he will.
by JackD
Cheney: "Reagan proved that deficits don't matter."
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