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Re: How did we ever come to be over $14T in debt? Who's responsible for how much of it?

By: clo in POPE | Recommend this post (0)
Sun, 31 Jul 11 5:45 AM | 9 view(s)
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Msg. 40152 of 65535
(This msg. is a reply to 40149 by Zimbler0)

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Hi zimbler,

Why didn't obama's economic stimulus package stimulate the economy?

It didn't go far enough to help the recovery, because too much of it went towards more tax breaks.
Obama needs to close corporate loopholes, no more corporate welfare.
Increase Capital gains taxes to 50%, why should a hedge fund managers only pay 15%, its unthinkable. clo




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The above is a reply to the following message:
Re: How did we ever come to be over $14T in debt? Who's responsible for how much of it?
By: Zimbler0
in POPE
Sun, 31 Jul 11 1:59 AM
Msg. 40149 of 65535

Hey Clo,
I think 'they' are SEVERELY underestimating
obama's contribution to the debt . . .

obama is, what, barely two years into his term . .
and it looks like he will be piling up in excess
of a Billion a year for the foreseeable future.

And there is that 'automatic spending, like
unemployment compensation' . . . Unemployment
USED to be a State function. obama's turned
that into yet another welfare style entitlement
program . . at the federal level . . guaranteed
humungous deficit spending.

Why didn't obama's economic stimulus package stimulate
the economy?

(Try asking why Jimmy Carters welfare spending
didn't help the economy.)

Zim.


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