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Why the President's plan will not work; never even had a chance...

Spy Master 2012/11/15 22:42:06
At the present time; a few billion here and there; the national debt is 16 trillion and climbing.....and Mr B says that solving the problem will be to raise the taxes on the rich(everyone above $250,000) and no raises on all the others.

Here is the problem with that infantile thinking(Democrats; are you listening?)

The total income earned in the whole United States of America in 2011 was only
$12,949,905,00
That is it...The figures for 2012 aren't compiled yet; but they should be the same(up or down a little bit)

So to pay off the national debt; the whole year of 2011 and a third of 2010; would have paid it off..that is taking all the income earned; and none of the American people would have a dime.

So unless my 162 IQ is sorely mistaken; his plan is BS. There is no way this debt can EVER be paid off..the tax raises he seeks are just BS.

I wonder what it must be like to think you're the smartest man in the White House and you can't even do math?

You Dem's; tell me; if you can..how his lame plan will work???

Confiscate all earning for 2013; and let the people go to hell?

Or invade all the countries of the world; confiscate their monies; and pay off the debt?

Or how about just writing it off; like a good Chapter 11 lawyer would; and start over?

Because he can't; and just like this garbage he fed the voters; this stinks....

Oh; one last thing; has anyone EVER seen the actual balance sheets? Something an army of CPA's could look at???

Don't hold your breath on that puppy......
+9

Read More: http://bber.unm.edu/econ/us-tpi.htm

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Top Opinion

  • AL 2012/11/16 08:56:06
    AL
    +3
    Anything Obamas does to hurt Wealthy Employers- will also end up hurting their workers as well-and it will also hurt their customers with higher cost
    >> See Replies

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  • Rebecca 2012/11/16 17:48:49
    Rebecca
    +2
    obie's "plan" is class warfare. It has nothing to do with the debt.
    reply
  • bill.fleming.77 2012/11/16 16:24:49 (edited)
    bill.fleming.77
    Of course it won't pay off the debt, it would however cover the annual budget deficit which is 1.1 trillion dollars in 2012. So forget about the debt for a while and get spending under control. Anyone who believed either of those guys BS spin on fixing the debt is an idiot!
    reply
  • Racefish 2012/11/16 14:40:33
    Racefish
    +1
    Logic != Liberal
    reply
  • Lady Whitewolf 2012/11/16 11:13:22
    Lady Whitewolf
    +1
    Oh and like " Trickle-down-economics" and tossing MORE money at the WEALTHY worked out SOOO well the LAST time? Gimme a break!

    Time for a NEW game plan. Get MORE money in the pockets of the AVERAGE American!
    reply
  • scottcleaves 2012/11/16 08:59:21
    scottcleaves
    +1
    By all means, let's go back to trickle down economics, lowering taxes on the super wealthy, and forgetting about the 47%. Now there's a strategic game plan!
    reply
  • Lady Wh... scottcl... 2012/11/16 11:09:13
    Lady Whitewolf
    Hear ya!
    reply
  • bill.fl... scottcl... 2012/11/16 16:26:03
    bill.fleming.77
    +1
    Your argument has nothing to do with anything that is being discussed here.
    reply
  • AL scottcl... 2012/11/16 22:37:28
    AL
    If you care about the 47% you have to care about the wealthy people that employ them as well! You hurt their employers in any way,you also end up hurting the 47% as well!
    reply
  • AL 2012/11/16 08:56:06
    AL
    +3
    Anything Obamas does to hurt Wealthy Employers- will also end up hurting their workers as well-and it will also hurt their customers with higher cost
    reply
  • redhorse29 2012/11/16 08:00:06
    redhorse29
    +2
    No argument here. Afraid the liberal progressive social democrat followers use a different form of math, lacking in basic arithmetic skills.
    reply
  • Kathi Mcdermott 2012/11/16 06:41:07
    Kathi Mcdermott
    +2
    You are talking about a "man" who can't comprehend any "Math" past the 7th grade. His words not mine. You are talking about an habitual LIAR, bolstered by the MSM, and putting forth his lies as facts. And, oh no, once again a lie has been told. Jay Carney said: "Obama insists on raising taxes on the wealthy because the revenue (from the higher taxes) is needed to "invest (spend) in crucial areas of the economy". What? No mention of the debt or deficit. Patty Murray in the senate is requesting to be the leader of the committee on the Budget, yet she says "don't expect a budget". Obuttman implies he has a mandate from the election, yet 95% of blacks voted for him, now was that because of his "fiscal policies"? lol. The cliff we are about to fall off of is the Obuttman "STUPIDITY CLIFF", and the abyss of "I have no job" will be filling faster than another lie can spew from Obuttman's mouth.
    reply
  • scottcleaves 2012/11/16 00:39:17
    scottcleaves
    +1
    Oh, and trickle down economics WAS going to work? Please, the rest of us aren't that stupid. No sale.
    reply
  • Spy Master scottcl... 2012/11/16 00:54:17
    Spy Master
    +2
    no sale on what???
    don't you get it?
    this is about the National Debt; and there is not a plan ANYONE has that can fix it!
    they can overcome a deficit; but if they keep going the way they'regoing into trillion dollar space; soon it will be almost as bad

    and this great leader; this force of nature; hasn't had a budget for 3 years....
    reply
  • AL scottcl... 2012/11/16 22:41:07
    AL
    Oh yes you can be that stupid! Because you can't hurt wealthy employers without hurting their employees as well
    reply
  • WhereIsAmerica? ~PWCM~JLA 2012/11/16 00:08:56
    WhereIsAmerica? ~PWCM~JLA
    +1
    Obama is going to collapse this economy. The stock market is not going to recover any time soon.
    reply
  • Bear 2012/11/15 23:57:55 (edited)
    Bear
    total income of only $12 million a year? Apple alone makes almost $12 billion a quarter. I think you may in fact be sorely sorely mistaken.
    reply
  • Spy Master Bear 2012/11/16 00:02:21
    Spy Master
    that IS 12 trillion; 949 Billion; 905 million..........
    reply
  • Bear Spy Master 2012/11/16 00:05:08
    Bear
    got it....and have you ever heard of a mortgage?
    reply
  • Spy Master Bear 2012/11/16 00:14:06
    Spy Master
    +1
    yes; and if you do not pay on it; the will foreclose on it; but they will give you a chance to pay in full or lose it; the analogy here is almost exact...

    could you pay your house off in cash or lose it; if it happened today???

    your mortgage is; let's say $150k to pay off; could you pay it off or lose it?

    The country is $16 trillion...and the whole country earns 12+trillion; and that is gross dollars.....
    reply
  • Bear Spy Master 2012/11/16 00:34:14
    Bear
    if one is paying the mortgage (in the case of the US it is interest on bonds) then there will be no foreclosure. The US does in fact pay its bond interest. Imagine income of 120k/year vs a mortgage of 160k. Most banks would be very happy with that income to debt ratio.
    reply
  • Spy Master Bear 2012/11/16 22:33:17
    Spy Master
    +1
    China owns a ton of it china owners of America
    reply
  • Bear Spy Master 2012/11/16 23:03:25
    Bear
    correct....as does Japan......and the American public. The gov should try to be friends with each of these creditor constituencies.
    reply
  • sbtbill 2012/11/15 23:32:03
    sbtbill
    +2
    Why would you assume the whole national debt has to be paid off over a 2 year period. Obviously, that will not happen. There was a large deficit in 1980, too. There was a large deficit in 1950 - Actually much larger as a percentage of GDP. We solved both those deficits.

    We did it with a combination or growth and inflation. That is the only way to pay of a deficit. We'll do it again with this one.
    reply
  • Spy Master sbtbill 2012/11/15 23:43:43
    Spy Master
    you are as dense as the rest..you chose party colors instead of common sense
    it can not and never will be paid off!!!!!!!!!!!!!!!!!!!!!!!!!!...
    damn; what is the problem; we can't even pay the interest on it!!!
    reply
  • **Starz... sbtbill 2012/11/16 00:16:42
    **StarzAbove**
    Yes we will.
    reply
  • mach-1 BL-106 2012/11/15 23:12:21
    mach-1 BL-106
    +2
    There is no math being used for the obama budget...if it is it is FUZZY math.
    He has NO plan to pull us out of the hole..
    Just watch and see....
    He surrounds himself with commie traitors and ask them to run things while he plays golf.
    We are in big trouble here and the cliff is insite!
    reply
  • Magus BN-0 2012/11/15 23:08:28 (edited)
    Magus BN-0
    +3
    Your "162 IQ"? Who the hell do you think you're fooling?
    reply
  • Spy Master Magus BN-0 2012/11/15 23:20:41
    Spy Master
    +2
    tested DillWeed..get a life
    reply
  • Magus BN-0 Spy Master 2012/11/15 23:25:58
    Magus BN-0
    +2
    Yeah, I'll bet.
    reply
  • Spy Master Magus BN-0 2012/11/15 23:30:20
    Spy Master
    I really don't care what any American that voted for the little prince for Resident has to say...you don't know you're talking to boy..get used to it
    reply
  • Rebel Yell Magus BN-0 2012/11/16 00:09:53
    Rebel Yell
    +2
    I noticed he slipped that tidbit in too. Wonder why he isn't curing cancer or discovering new galaxies? Instead, he's on SODA.

    The deficit will be with us many years. That doesn't even count the two wars George put on the Chinese credit card. He refused to apply that to the deficit. Economists say the best way to approach the deficit is through spending cuts and new revenue. How incredibly stupid are Republicans. In the primaries, each candidate said NO to $1 in revenue to $ 10 in spending... and this guy wants to play math games ?
    reply
  • Spy Master Rebel Yell 2012/11/16 00:24:48
    Spy Master
    +1
    well; since I'm semi-retired; and I don't have to kill anyone anymore; or listen to some college kid straight out of West Point lead men into battle; and get them killed; a friend of mine turned me on to this; so by your analogy; only FOOLS come to SodaHead??
    tsk tsk; I'll bet there are very smart people on here at this very moment..and I did discover a new galaxy...but I digress.....oh; by the way..162 is nothing more than a number that eggheads decided meant a superior intelligence; it's not..it just about comprehension...
    reply
  • Rebel Yell Spy Master 2012/11/16 00:47:49
    Rebel Yell
    ..." ..and I did discover a new galaxy..". Damn ! No word in Science mags. Nothing from NASA. Nothing on the world news. My, aren't you modest ! LOL !
    reply
  • Spy Master Rebel Yell 2012/11/16 00:56:59
    Spy Master
    why brag?? would you like to see it??
    reply
  • Rebel Yell Spy Master 2012/11/16 01:01:39
    Rebel Yell
    Yes.
    reply
  • Spy Master Rebel Yell 2012/11/16 01:05:05
    Spy Master
    coming up...
    reply
  • Spy Master Rebel Yell 2012/11/16 01:13:44
    Spy Master
    +2
    galaxy
    color added for effect
    reply
  • Rebel Yell Spy Master 2012/11/16 02:17:44
    Rebel Yell
    You have a great sense of humor. Very funny.
    reply
  • Spy Master Rebel Yell 2012/11/16 02:24:02
    Spy Master
    it is true; but I wasn't the only one who found it..you see; a good spy never tells all
    reply
  • Spy Master Rebel Yell 2012/11/16 00:25:51
    Spy Master
    oh; for your information this post was about the NATIONAL DEBT!!!!!!!!!!!!!!!!!!!!!!!!!...
    reply
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