Re: Obama's VP
Date: July 30, 2008 05:48PM
Right. So we have essentially a no name Senator from Illinois who hardly ever championed serious legislation, and in many cases voted "present" (why would you do that other than to remove yourself from controversy?) - who gets funded by some very powerful RICH liberals (See George Soros amongst others) to then come and tell other rich people they have to pay more in taxes. Now lets see - Soros I believe has a large amount of his money out of the US, as does a few of the other rich Obama donors. So they would not be affected much at all by this change in tax policy since their money is not in the US at the moment. Right now people in the top 10% of income pay over 50% (isn't it something like 70%?) of the revenue the feds take in already. Also, the federal government makes like 30 cents a gallon in taxes, while the oil companies make 7 to 9 cents a gallon? Does anyone get the picture that our government spends money like there is no tomorrow, and yet we are all supposed to just pony up more money because they can't seem to get a grip?
Any of you folks ever work for the federal government? It is fascinating to see how much work these folks do on a regular basis. Sure, there are some agencies where people are good, but for the most part, these folks waste money so badly it isn't even funny.
Trade deficit? The only way we get out of the trade deficit is to stop sending our manufacturing sectors overseas and out of the country. SO sure, lets put some measures in place to make it less advantageous to move manufacturing and other jobs out of the US. That will help a bit. Also development of new products that folks overseas want to buy from us. Right now there is very little that is made in the USA that isn't made better somewhere else in the world, and for a lot less money. And in many cases by our own companies that shipped jobs out of the country. One thing that helped with the trade deficit was the devaluation of the dollar - the only reason the deficit went up was due to the price of oil, otherwise it would have seen a huge drop. If the oil prices drop enough you may see a very large drop - but we still need to make more things in America that people want to buy. Fuel efficient cars would be a start - why Toyota and Honda have a corner on the hybrid market is beyond me. You would think Ford, GM and Chrysler would have gotten on that bandwagon a long time ago. So if they fail and have to reconstitute in some other form that is probably something that should have happened 25 years ago.
Tell the folks that live in places like NY City, and similar areas why it is that they are getting taxed more on their $250K per year salary which is what it takes just to live in a reasonable apartment in the city with room for your family - unless you are living in a rat hole somewhere. He wants to put in a "windfall" profit tax on oil companies??? That might work if he could tax the Saudis and the Iranians and the Venezuelans of the world. How does that help here? Taxing money from the same source (the American people) is not really going to change the fact that the American people are still paying the additional taxes. How about universal health care? Think that won't be a huge sinkhole of tax money? Wait until we have a Democratic Congress and President - you might get your wish. Where is that money supposed to come from? We already have payroll taxes with 12.4% for social security and what, another 4 or 5 percent for medicare (or is it 7)? So now we get to add on the "pay for universal (substandard) healthcare" - and there will still be a "rich folks" medical center for the folks that can pay for more. Sounds equitable to me.
Believe all the pipe dreams you want, it doesn't change reality. The "balanced" budget years under Clinton came at the cost of our military, and a huge amount of money in the tech sector for dot coms, and Y2K. So should we just scale back the military again and save lots of money? And where will all the laid off military folks work? How about the shipyard folks, the supply people, etc. It is never as black and white as people want to make it sound is it.