myiW Current Conditions and Forecasts Community Forums Windsurfing Videos Buy and Sell Services
 
Hi guest · myAccount · Log in
 SearchSearch   ProfileProfile   Log in to check your private messagesLog in to check your private messages   RegisterRegister 
PROOF: Obama IS the end of the free world
Goto page Previous  1, 2, 3 ... 361, 362, 363 ... 407, 408, 409  Next
 
Post new topic   Reply to topic    iWindsurf Community Forum Index -> Politics, Off-Topic, Opinions
View previous topic :: View next topic  
Author Message
isobars



Joined: 12 Dec 1999
Posts: 14449

PostPosted: Thu Oct 11, 2012 12:38 pm    Post subject: Reply with quote

From today's WSJ [+ my comments]:
Obama's Disappearing $5 Trillion
The President's advisers concede 80% of Romney's tax-cut math.

In last week's presidential debate, President Obama seemed stunned to learn that the "$5 trillion tax cut" in his talking points, financed by a mythical middle-class tax increase, does not exist in Mitt Romney's economic plan. But now, even after the Obama campaign staff has acknowledged the error, why won't the President? [The idiot thought he won the debate.]

At last Wednesday's debate in Denver, Mr. Romney explained that he doesn't plan to cut taxes by $5 trillion. This is because, while his plan rolls back individual income tax rates by 20% and cuts the corporate rate to 25% from 35%, he also plans to reduce personal and corporate deductions.

The idea is that lower rates but fewer loopholes and the faster economic growth that results can generate a similar amount of tax revenue. The Republican also stated once again that his plan does not include a tax increase on the middle class.

Mr. Romney has been saying this for months, and over the weekend Obama campaign spokesman Jen Psaki conceded 80% of the argument. En route to California with reporters aboard Air Force One, Ms. Psaki said that the elimination of enough deductions and loopholes could in fact cover $3.8 trillion. That becomes $4 trillion if you include fewer interest payments on less debt, which means the Obama campaign was saying as of Sunday that the Romney "tax cut" was $1 trillion, not $5 trillion.

But soon after Air Force One landed, it became clear that either Mr. Obama hadn't gotten the memo—or didn't like what it said. At a Los Angeles fundraiser, Mr. Obama repeated the bogus claim that his own campaign had just repudiated.

The President said, "And when my opponent proposes $5 trillion worth of tax cuts, $2 trillion of additional military spending that our military is not asking for, and doesn't provide a single detail on how to pay for it, what that means is either we're going to be blowing up the deficit or we're going to be sticking it to folks who can't afford it."

So the Romney campaign and the Obama campaign agree that President Obama is wrong. There is no $5 trillion tax cut. But before retreating to Ms. Psaki's seemingly more reasonable $1 trillion figure, Mr. Obama should think twice.

Turns out there's trouble with that estimate too. Princeton economics professor Harvey Rosen, cited by the Obama campaign as a source for the claim that the Romney plan must raise taxes on the middle-class to avoid increasing the deficit, now says that Team Obama has been misrepresenting his research. [And so Obama's entire $5T claim is not a mistake; it is a lie.]

In fact, his work shows that increased economic growth from a more efficient tax code and lower marginal tax rates will allow Mr. Romney to cut rates and deductions while avoiding both a rate hike on the middle class and a deficit increase. Maybe Mr. Romney's reasonable, coherent explanation for this is why he won the debate.
Back to top
View user's profile Send private message
swchandler



Joined: 08 Nov 1993
Posts: 5964

PostPosted: Thu Oct 11, 2012 12:58 pm    Post subject: Reply with quote

mrgybe, why provide a link to the WSJ when those of us who don't subscribe can't read the article? Seems to me to be a rather fruitless effort.
Back to top
View user's profile Send private message
feuser



Joined: 29 Oct 2002
Posts: 1395

PostPosted: Thu Oct 11, 2012 2:35 pm    Post subject: Reply with quote

stevenbard wrote:
http://www.youtube.com/watch?v=B4ysvJq2N4E

Another shock video...why I vote Republican even though I don't like all their policies.


So, who is promoting socialism? I know that most eastern European immigrants have a deep-seated aversion to socialism because of their own experience, so they become easy prey for demagogues on TR who tell them falsely that Obama is a socialist.

Only, those who didn't do quite as well as Mr Peterffy have no problem taking public assistance in any form.

Socialism is a boogeyman. The mentioning of the word seems to make some turn off their brain in a panic. That's why the right loves to throw it around.

_________________
florian - ny22

http://www.windsurfing.kasail.com/
Back to top
View user's profile Send private message
w8n4wind



Joined: 12 Nov 2008
Posts: 275
Location: canada

PostPosted: Thu Oct 11, 2012 3:50 pm    Post subject: Reply with quote

stevenbard wrote:
http://www.youtube.com/watch?v=B4ysvJq2N4E

Another shock video...why I vote Republican even though I don't like all their policies.


Rolling Eyes
Hungary was under communist control until 1956, then the revolution.
and there is a difference between communism and socialism.

_________________
i like longboards.
Back to top
View user's profile Send private message
w8n4wind



Joined: 12 Nov 2008
Posts: 275
Location: canada

PostPosted: Thu Oct 11, 2012 4:04 pm    Post subject: Reply with quote

http://www.prosperity.com/rankings.aspx

some rather 'social' countries near the top of that list.

_________________
i like longboards.
Back to top
View user's profile Send private message
mac



Joined: 07 Mar 1999
Posts: 5450

PostPosted: Fri Oct 12, 2012 12:51 pm    Post subject: Reply with quote

w8n4wind--thanks for the link. This institute seems to be actually non-partisan, with a tie to former Bush officials and a double-bottom line investment strategy. Very interesting.
Back to top
View user's profile Send private message
stevenbard



Joined: 11 Nov 1993
Posts: 4302

PostPosted: Fri Oct 12, 2012 1:32 pm    Post subject: Reply with quote

Interesting that the top 15 are all Nordic (W European) nations. It seems racist to me.
Back to top
View user's profile Send private message
isobars



Joined: 12 Dec 1999
Posts: 14449

PostPosted: Fri Oct 12, 2012 3:35 pm    Post subject: Reply with quote

Can anyone even comprehend the sheer number of outright, public-record, Congressional-record, proven lies Biden spewed last night? I wasn't sufficiently well informed to catch all of them real time, but, man, the stream was endless now that better-informed analysts compare the debate with recorded facts, even from one sentence to the next in some cases. I know his/Obama's voting base doesn't care, but the independents, who will determine the election outcome, are seeing them unfold by the dozens today, about the economy, Biden's votes, Benghazi, Romney, Ryan, the GOP budget plan, tax cuts ... it's endless.
Back to top
View user's profile Send private message
w8n4wind



Joined: 12 Nov 2008
Posts: 275
Location: canada

PostPosted: Fri Oct 12, 2012 8:37 pm    Post subject: Reply with quote

^^^^^
if youre actually interested...
http://factcheck.org/2012/10/veep-debate-violations/

_________________
i like longboards.
Back to top
View user's profile Send private message
nw30



Joined: 21 Dec 2008
Posts: 1853
Location: The eye of the universe, Cen. Cal. coast

PostPosted: Sun Oct 14, 2012 3:18 pm    Post subject: Reply with quote

Biden was a baffoon, amoung his lamest lines, "So now you are JFK?"
Ryan: "I'm closer than you are".
Which is totally accurate.
JFK totally understood taxes, and how they effect people's behavior, and how lowering taxes actually increase revenue to the government's coffers.
He wouldn't even recognize the democrat party of today, in fact he'd probably be rejected from the party.

Listen to JFK's own words, if you really care.

http://www.youtube.com/watch?feature=player_embedded&v=v4S5nM8BjwM
Back to top
View user's profile Send private message
Display posts from previous:   
Post new topic   Reply to topic    iWindsurf Community Forum Index -> Politics, Off-Topic, Opinions All times are GMT - 5 Hours
Goto page Previous  1, 2, 3 ... 361, 362, 363 ... 407, 408, 409  Next
Page 362 of 409

 
Jump to:  
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum

myiW | Weather | Community | Membership | Support | Log in
like us on facebook
© Copyright 1999-2007 WeatherFlow, Inc Contact Us Ad Marketplace

Powered by phpBB © 2001, 2005 phpBB Group