Wednesday, November 28, 2012

Raising taxes? A drop in the debt bucket

The Bush tax cuts expire and taxes get jacked up for everyone unless the Republicans come to an agreement with the other side of the aisle by the end of the they are damned if they do, damned if they don't. Either way the Republicans are going to be blamed for raising taxes, and breaking their pledge not to. It's a Catch-22. This tactic draws the focus to the red herring of a perceived need to increase taxes while ignoring the problem of massively bloated expenditures. Well played, Obama. Well played.

As if raising taxes by less than 100 billion over 10 years will put a dent in the national debt, that is going up by over a TRILLION dollars EACH YEAR under Obama. 100 billion out of 10 trillion....10%. .Will that be enough to even cover the INTEREST on the debt? Get serious.

No comments:

Post a Comment