Saturday, June 30, 2012

The Socialist Speaks

Where to begin? Is this really all they have, the same old lies they've been trotting out for so many years now? It's amazing the people who believe it, otherwise intelligent people who are putty in the hands of these fools in high places.

Can you imagine anyone back in WWII days wringing their hands and wailing, "OMG! This war is not paid for!" Because of course everyone knew we were going to be hit by terrorists on 9-11. I don't understand why a savings account wasn't started. Not a word here about how Iraq is now free, and is no longer a threat to the United States.

Tax breaks for the wealthy? That's the biggest twisted lie they've come up with in a long time, and it's just another front in their Class Warfare scheme. And...another one swallowed by the easily swayed:

From CNN Money:

Bush tax cuts: $544.3 billion…The bulk of that cost — $463 billion — is for the extension of cuts for families making less than $250,000, including two years of relief for 2010 and 2011 for the middle class from the Alternative Minimum Tax.
The rest — $81.5 billion — is attributable to the extension of cuts that apply to the highest income families.
In other words, 85% of the tax cuts went to the middle class.

Here's who pays the taxes in this country:

• The TOP 50% pay 97% of all income taxes
• The TOP 1% pay 39%, up 2% from 2000 when President Bush took office
*Source Link: Data from the Latest Tax Year Released by the IRS.
Wall Street Journal: "In 1980, when the top income tax rate was 70%, the richest 1% paid only 19% of all income taxes; now, with a top rate of 35%, they pay more than double that share."

Bernie's third point: "The recession was caused by the greed, recklessness, and illegal behavior on Wall Street."  Examples? Oh wait, there are none. What's missing? There's not a word about Obama and the Democrats' spending.

In his first three budgets, Obama borrowed nearly $5 trillion. Currently, the government is borrowing about 45 percent of everything that it spends. Obama's projected 10-year plan would add nearly $10 trillion to existing U.S. debt. This spring he proposed the largest annual deficit in U.S. peacetime history, which is why his $3.7 trillion budget for 2012 was rejected in the Senate by a 97-0 vote.
In other words, under Obama, the government during the last three years has borrowed on average about $4 billion each day. That staggering sum is far in excess of the $1.6 billion per day during the eight-year tenure of George W. Bush, who until Obama's presidency had borrowed more than any peacetime president.

That, my dear Socialist, is a big reason for the recession. Interesting that you place absolutely no blame on the party which has had control of at least 2/3 of the government since 2006.

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