Obama must reject the GOP’s blackmail

Started Nov 11, 2012 | Discussions thread
JoeDaBassPlayer
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Re: Obama must reject the GOP’s blackmail
In reply to Prakash Heda, Nov 16, 2012

This is why you are not in touch with reality

We have a spending problem. We could confiscate all the rich people's money and it would not make a dent. OTOH - it will take money out of the economy. This will be quite harmful. JFK and RR cut taxes. The results were great growth in government revenues. As another example, Bill Clinton created the Luxury Tax. This caused a drop in spending within the economy and middle income jobs were lost. You want to rob the economy, history is on my side, you are out of touch.

Cut spending. Cut taxes. Cut un-needed regulations. Elliminate LT Capital Gains taxes. Elliminate Interest Income tax.

Actually regulate the Finncial industry. Elliminate Derivatives, naked shorting, and greatly curtail high speed Cheettah Trades.

I really feel sorrty for the US since most have no clue as to what is actually going on. Meantime, the current regime buys votes with our money, and lets the Financial sector run wild.

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Variance is Evil!

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