If Barry wins a 2nd term ...

[PICK3]

If Mr. Obama wins re-election, and his budget projections prove accurate, the National Debt will top $20 trillion in 2016, the final year of his second term. That would mean the Debt increased by 87 percent, or $9.34 trillion, during his two terms.

National Debt has increased more under Obama than under Bush - Political Hotsheet - CBS News

 

[Mr. dB]

What does it look like if the Bush tax cuts expire?

Also, let's see the prediction if Mittens wins?

 

[PICK3]

What does it look like if the Bush tax cuts expire?

Also, let's see the prediction if Mittens wins?

irregardless

it's still a shit ton of $$$

got to find me an

to get me sum!

 

[-SD-]

What does it look like if the Bush tax cuts expire?

Also, let's see the prediction if Mittens wins?

Probably the same or worse since capital will be fleeing the country for greener pastures to avoid taxes, as it already has been.
People will even renounce their own citizenship to avoid taxes (see FB cofounder)

What the government doesnt understand (nor you I suspect) is that people will not take higher taxes lying down, they will do whatever it takes to avoid higher taxes. People are self interested, as they should be. Its the way of the world and the government doesnt get it.

 

[mrplunkey]

^^^ Damn. Well said.

 

[PICK3]

drones don't grow on trees




just sayin'

 

[PICK3]

oh, yeah



olololol @ Plunkey paying moar!!!!!!!!!!

 

[PICK3]

Pakistan: U.S. Drone Strike Kills 10 In North Waziristan

U.S. Drone Strikes: White House Takes Lead On Drone Process

World News - US drone attack kills 8 suspected militants in northwest Pakistan

 

[Headholio]

Probably the same or worse since capital will be fleeing the country for greener pastures to avoid taxes, as it already has been.
People will even renounce their own citizenship to avoid taxes (see FB cofounder)

What the government doesnt understand (nor you I suspect) is that people will not take higher taxes lying down, they will do whatever it takes to avoid higher taxes. People are self interested, as they should be. Its the way of the world and the government doesnt get it.

Yeah that's why the country fell apart under Clinton when taxes were higher (same level Obama proposes) or why the country failed under Bush senior, or Ford, Nixon, and every other President since the great depression. Right?

 

[Headholio]

If Mr. Obama wins re-election, and his budget projections prove accurate, the National Debt will top $20 trillion in 2016, the final year of his second term. That would mean the Debt increased by 87 percent, or $9.34 trillion, during his two terms.

National Debt has increased more under Obama than under Bush - Political Hotsheet - CBS News


http://i.i.com.com/cnwk.1d/i/tim/2012/03/19/chart_620_deficit_120319.jpg

Debt increase under Bush 5.6 T to 10.4 T = 78%
Under Reagan 900 billion to 2. 8 trillion = 210% increase.

Republicans are the masters of debt.

The number for Obama remains to be seen. I haven't checked the validity of this estimate yet. But, most of the debt under this administration is the fault of B__ (fill in the blank)
2 wars - Bush
Tax cuts in time of war - Bush
Crashed economy - Bush
TARP - Bush