occupied
Diamond Member
- Nov 8, 2011
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Your statement neglects the economic reality of how much money letting the tax cuts on the wealthy expire will actually bring in. It's enough money to run the government for approximately 8 days. So how do we NOT cut entitlements and still stay solvent?
I'm sorry, Occupied but I can only laugh at the inability of people like yourself to employ simple math skills and figure out that what Barry just sold you in the last election cycle is nothing more than smoke and mirrors.
The only question at this point is who or what progressives will blame for having to come back asking for more taxes or a higher debt ceiling less than a year after getting their increased taxes on the wealthy?
We will likely see a revenue increase of over a trillion dollars, 8 days? I think you need to take another look at your math.
I hate to burst your progressive bubble, Occupied but the New York Times is estimating that the tax increase would bring in approx. 850 billion OVER TEN YEARS! That's 85 billion per year. Right now we are spending about 10.46 billion per day to run the government. Do the math...
I'm curious...did you REALLY not know this? Or are you just feigning ignorance on the topic?
That's a low end estimate but it's beside the point, Republicans were in a fever to lower the deficit but had so many sacred cows that it was all just an attack on entitlement spending, Democrats on the other hand have no forbidden areas in this deficit cutting fight. It seems that in this case the democrats are willing to go a lot further to reduce the deficit, medicare/aid going to take a hit, food stamps, farm subsidies, unemployment, government employees, all are going to be cut by similar amounts to the tax hikes, are those just as insignificant and useless too?