I thought Obama wouldn't tax the poor or the middle class?

Any of us should know that if your in financial difficulty, it's very likely you are spending more than you are making. Our government has been doing this much since Post-WWII. Taxes are a necessary evil whether we like them or not. But raising taxes will do no good, or may even compound the problem, giving the government the incentive to even further spend beyond their means. Government, if self regulated, will never live within their means. They will always spend beyond the capacity to pay their debt. This fiasco has come home and now there's the Piper to pay.

Taxing EVERYONE would be the answer. A flat tax with the same percentage for everyone, no exclusions. And yea, it would take some belt tightening and doing without a lot of luxuries. Even the poorest occasionally splurge on some sort of luxury item or consumption.
Were we to focus solely on paying our debt, and in fact reducing it back to the black, we would have to sacrifice much. It would hurt, it would be very lean and hungry times for a large portion of society.
The point we find ourselves in can only be escaped in a couple ways. One would be default, essentially going bankrupt. Another the devaluation of the dollar. A devaluation would lead to an isolationism of sorts...

....but the cure might Kill the patient....
We are just a decade and a half behind the once USSR and their collapse, now just a much smaller Russia.
They seem all the better for it at this point. but there was a decade of rebuilding ahead of them from the collapses onset. That time is passed and their monetary situation has underwent a complete transformation.

As for the "I thought Obama wouldn't tax the poor or the middle class?" as the topic says...... it's one of a long list of lies and failures to come through with his campaign promises. Politicians rarely make good on their promises. But I believe in this case 0bama has put the 'expertise' into the art of Campaign promise failure.

Originally posted by jimmiec
reply to post by BritofTexas

 

Then you don't have a horse in this race and should butt out of America's business. Maybe go polish your chains.

Through the miracle of the ancient and arcane art of reading, I have deduced that "BritofTexas", who "was still living in the UK when Reagan got elected" is a British person who has now moved to Texas.

Everyone has a horse in this race. World markets and economies are heavily interlaced, along with political relationships. While many outside the US might not care what level of third world squalor or communism Obama will impose on the people, they will care greatly about the damage that process will do to the world markets and the shift in the balance of power.

reply to post by neoholographic


Such a nice large thread about the third and final AntiChrist

not that any of the others would be better, other than Ron Paul

Why are we surprised at this? Really why are people so surprised at the actions of any politician these days? The reality is that they do the following: A politician will lie to the public, he wants the votes. A politician can not say he will not raise taxes, With all of the changes that are being passed, who here did not expect taxes not to be raised? Items cost and it is we the people who are having to foot the bill.

Politicians are the ultimate smoke and mirror stage magicians, just not as entertaining.

Originally posted by NOTurTypical
reply to post by neoholographic

 

No, you know what's really funny??

The Libs were frothing mad over water boarding when GWB was President, but apparently it's just fine to explode their heads with drone missile strikes now that Obama is in office.

Blaming Bush still is par for the course, when it comes to dirty work done by this administration.

Its Convenient.

reply to post by neoholographic


I'm only going to say this once (in this thread) so pay attention:

If you believe a politician,

you DESERVE what you get!

I'm nearly 50 so I've seen a lot of presidents come and go. One thing I've noticed is they don't keep campaign promises. My advice is don't become emotionally invested in what a guy says when he is campaigning for president. Don't put the guy on a pedestal- always remember he is just another guy running for office and will say anything to get you to vote for him. In the end, he's just there for the perks and the power.

Sal

Originally posted by neoholographic
I thought Obama wouldn't tax the poor or the middle class?

If you are referring to the expiration of the temporary payroll tax, then you were right.

He didn't.

As a black man, this makes me sick.

What does your race have to do with this?

The payroll tax affects everyone working not just you.

Originally posted by sasquatch5100
temporary my ***, that tax shouldn't even be there. we're taxed too much as it is.

Obama didn't create that tax, did he?
Regardless, it was temporary so people can't claim Obama suddenly raised taxes when he didn't.

There is a lot of ignorance in this thread.

That and people who don't even want to hear the truth because it negates the OP's position and doesn't smear Obama.

I know it's hard to admit...but the OP's assertion is incorrect.
Believe it if it makes you feel better but don't try and pass it off as fact.

That's just wrong.

- Lee

Originally posted by sonnny1

Originally posted by NOTurTypical
reply to post by neoholographic

 

No, you know what's really funny??

The Libs were frothing mad over water boarding when GWB was President, but apparently it's just fine to explode their heads with drone missile strikes now that Obama is in office.

Blaming Bush still is par for the course, when it comes to dirty work done by this administration.

Its Convenient.

Specifically I was addressing Obama's harsh criticism when he was a senator of the waterdoarding, which at the time had only been done to 3 people. There have been over 400 drone strikes.

Move along nothing to see here!

Originally posted by FyreByrd
reply to post by neoholographic

 

That extra money you had over the last two years was a FREE BONUS that you received from the Obama Administration.

Ohh, is that how it works then? Stupid me, I thought I was being paid in return for my labor and that money was mine. But judging from your statement quoted above, whatever payment I receive is in fact a result of a magnanimous (and probably undeserved) gesture by our Benevolent Leaders of this Glorious People's Republic.
Thank you for this excellent example of progressive/liberal/socialist/communist/totalitarian thinking.

he said this and did the opposite should we really be surprised don't all governments do the same to a extent? Barack could of said whatever he wanted and still got voted in as President because he's black it's like people tuned it all out and just saw a black guy and I feel like he was a escape goat for Bush JR so we all can say let's blame the black guy.

Originally posted by neoholographic
reply to post by Indigo5

 

Another example of Obama worship. ....

I know the mantra from Obama worshippers .....

Insults in place of facts...check.

No how about some facts that are irrelevant posing as relevant facts?...check

Originally posted by neoholographic

“I don’t see any reason to consider supporting its extension,” said Timothy F. Geithner, the Treasury secretary, in testimony last year.

www.nytimes.com...

Who does Timothy Geithner work for?

You offered Geithner's opinion...While President Obama's opinion and ACTUAL PROPOSAL included EXTENDING the payroll tax holiday. It's not rumor...It's fact. Just as it is fact that the only deal Boehner could get his party on board with was letting it expire....And Boehner writes the legislation, Pres. Obama can only make suggestions or veto....and if he vetoed a bill from Boehner and GOP...the Payrol tax holiday would still expire.

You try to infer since Geithner suggested it expire, that means that is waht the President suggested?

That is dishonest and factually incorrect. Are you aware that both Hillary Clinton and Leon Panetta both testified that they wanted to arm the Syrian rebels and told the President the same?....and yet the Commander and Chief disagreed with them and opted not to..

Reality disagrees with your claim.

Originally posted by Indigo5

Wed Dec 12, 2012 6:48pm EST

WASHINGTON (Reuters) - In a turnabout from a year ago, some Republican lawmakers say they are open to backing President Barack Obama's proposal to extend the payroll tax cut for a third year, possibly bringing the sides closer to a deal to avoid the fiscal cliff.

www.reuters.com...

Alas the counter proposal that Boehner could produce did not include the extension that Pres. Obama proposed.

John Boehner Fiscal Cliff Proposal Includes Payroll Tax Hike

WASHINGTON -- House Republicans on Monday introduced a counter-offer to President Barack Obama's proposed solution to the so-called fiscal cliff, trumpeting that the proposal would not raise tax rates on personal income. The plan does, however, include a sizeable tax hike.

House Speaker John Boehner (R-Ohio) would allow the payroll tax cut to expire at the end of this year, an aide in his office told The Huffington Post. That would save the government an estimated $110 billion over 10 years, his office projected.

www.huffingtonpost.com...

edit on 11-2-2013 by Indigo5 because: (no reason given)

edit on 11-2-2013 by Indigo5 because: (no reason given)

You can dislike Democrats, you can dislike the GOP...both...either...any combination thereof...but failing to acknowledge the simple fact that President Obama's proposal included extending the Payroll tax Holiday...and that the GOP refused....and then claiming that President Obama was the one who raised taxes on the middle class??

Left, right...whatever you claim to be...your sense of honesty seems to have a profound partisan slant.

edit on 11-2-2013 by Indigo5 because: (no reason given)

reply to post by Indigo5


Of course!!

Pelosi didn't want a payroll extension, Geithner didn't want it but not PURE OBAMA LOL!!

If you want to live in a fantasy world where Obama's perfect and Barack "Drone" Obama walks on water then that's your choice. Obama didn't fight for any payroll extension and he didn't want it because it would take away from the Medicare and S.S. Trust Funds. If Obama wanted it Pelosi and Geithner would have fell in line.

This is exactly why it shouldn't have been done in the first place in this horrible economy. You don't give people something that they will plan their finances around knowing it will be taken a way soon. This is feel good liberalism.

It feels good to go out and fight for a payroll tax cut and tell people you deserve one if the "evil rich" get one, when it will do more harm than good. Because when you take it away, it becomes regressive and people have to use money to fill the gap when the taxes go back up.

It's better to let people live and adjust to reality in the Obama economy rather than living in a liberal fantasy world because Obama is trying to prop up his economic failure's.

You know....i found out some disturbing information. The IRS is the Governments way to pay back the FED. The Government constantly runs in the red because the FED has control over the US mint as well and they order up more money at the mint to increase the FEDS power even more. President kennedy had a EO and started to print money again backed by gold and silver. The suddenly he gets killed weeks later,and then his replacement tosses out the EO returning the FED to power. I am EXTREMELY pissed off at that.

Originally posted by purplemer
reply to post by neoholographic

 

He should be taxing the banks and corporations..Not the people.

Another person that is completely ignorant of economics. When you tax the creditors, businesses, corporations, they use a strategy that you end up suffering with. It is called trickle down profits. They will split the tax with you, the consumer, sometimes they will pay a lot of the tax based on the competition of the products they produce, sometimes you will eat all the tax if they own a oligolopoly or monopolistic corporation. In the end, your liberal socialist mentality hurts you and me. Dumb dumb dumb uneducated population

reply to post by Eavel


16 trillion in debt it is evident to me what is working and what is not.