edthecynic
Censored for Cynicism
- Oct 20, 2008
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Bullshit!What part of Obama spent way more than he could tax us for is to much for you to grasp?We lost our AAA rating because the GOP House would not accept a combination of spending cuts and tax increases to deal with the debt ceiling increase which the GOP was blocking. The rating service reported that the Obama plan would have kept the AAA rating. As is so typical of the Right, The GOP causes the downgrade and then they blame Obama.We lost our AAA credit rating b/c obama ramped up the debt.
This is the reason S&P gave for the downgrade:
"The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy. Despite this year's wide-ranging debate, in our view, the differences between political parties have proven to be extraordinarily difficult to bridge, and, as we see it, the resulting agreement fell well short of the comprehensive fiscal consolidation program that some proponents had envisaged until quite recently. Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability."
He never had a single plan, not one idea to cut spending.
increase taxes? yes, he wanted to fuck the country as hard as possible.
You're leftist lack of understanding money comes from your inability to count to potato.
but wtf, I'll explain it, again.
If a company makes 1 mil and get taxed at 40%, they have 600k to work with.
if they get taxes at 20%, they have 800k to work with, that' 200k more
with that money, they could;
bank it, which is unlikely since a company needs to grow or get replaced (it's the leftist screech, I know, but recall, you're an idiot and can't count to potato)
hire more people, that can pay taxes, that will buy stuff that they will have to pay taxes on, which will increase demand for products and services that will force other companies to hire more people to meet this demand which means more people will be paying taxes.
At this point, I'd ask if you understand, but I already know you don't, so onto more of the list.
they can put money into R & D, which means they have to hire people, and you don't know what that means, but it's a good thing
they can expand, which means more employees paying more taxes.
But potato is racist so this won't work. So tax the fuck outta Americans and make us another socialist shithole, it's what you really want anyway