Paul Ryan's budget proposal is geared at debt reduction.
Obama's plan (and that's a big if) essentially revolves around repeal of tax cuts and some debt reduction and a lot of fear mongering about the evil Repubocrats...
So lets go with the numbers from Obama- tax the crap out of those evil rich MFers, and solve our problems. OOPS, doing that only raised 700 billion in 10 years...(for you math geniuses, avg 70 billion a year). Our debt is going up between 1.6 and 2 point TRILLION something a year, and is projected to do that in the (God forbid) second Obama term all the way out to 2019... So if 1.6 trillion is the gap (1600 billion per year) when will the 70 billion a year pay it off. (That's not including the 46 trillion shortfall estimated for programs like Medicare, Social Security, etc. These will begin snowballing into bigger an bigger debts starting in 2017)
Never. That's when, never.
That's why Standard and Poor is suggesting the US credit worthiness is shaky. That's why Moody's is likely to do the same.
If you are using 90% of your income to pay the bills, you don't have much for a rainy day. The USA government CBO estimates that based on policies enacted in 2010, the US economy will decline by average of 1.3 percentage points per year... and a a slower economy means all our financial problems get worse.
I don't know that the Ryan plan or any plan can stop our slide into fiscal insolvency, but I have a good idea that Obamanomic is worse...
Meanwhile, let me tell you about the return of $4.21 a gallon regular...gee, get a pitiful pay raise and spend all of it on gas...
Damn right, tax the f**king hell out of those damn rich MFers. Like Exxon/Mobile that made 18 billion dollars in profit and did not pay one damn MFing cent in income tax. And on top of that the MFers got a 156 million dollar tax rebate. What the MFing hell is going on here? And on top of that petrol rises and rises and rises. And you want to support those MFers?
ReplyDeleteThat's why gubment "gave" us sump'n' (like a red-hot poker) in that pitiful compulsory health insurance scam, instead of setting up something that would really work.
ReplyDeleteSayyyyy, isn't cutting tax cuts, just like...RAISING taxes!
Whenever I see the word "Obamanomics" it reminds me of a post on Captain Captalism's site a couple of years ago. The obvious stupidity of the leftly plan is appropriately lined out in crayon:
ReplyDeletehttp://captaincapitalism.blogspot.com/2008/10/tutorial-on-obamanomics.html
One thing that is not even being discussed about the Ryan Plan is that he is actually trying to tackle the problem of freddie Mac and Fannie Mae in his budget. This is the one thing that most needed to be fixed, yet was left untouched, bly the financial reform bill last year. I couldn't even tell you what was in that reform bill, but I bet there were some new ways to raise cash for the government.
OK
ReplyDelete