SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Smith who wrote (140940)7/16/2010 9:18:55 AM
From: Mary Cluney  Read Replies (1) of 542915
 
<<<I refer to the rich as the undefined rich because there is a strong reluctance to define where rich starts - is it $1 billion or is it $100K? >>>

Obama has stated very clearly that he does not want to raise taxes for people making under $250,000 a year. Of course by necessity he may have to but the goal is to balance the budget with progressively higher taxes for people making over $250,000.

The concept of balancing the budget is clear. Taxes have to be collected to pay for expenses. There are only two sides to this equation. collection, revenue, taxes is on the one side and expenses are on the other side.

Bill Clinton had it just about right. He had a budget surplus.

Bush got it wrong altering the mix.

On the revenue side he cut taxes that will amount to more than $5 trillion.

On the expense side he started two wars that was not budgeted or paid for.

You gan cherry pick all you want on the expense side and obfuscate reality - and no doubt you will but you will never be able alter the fundamental truth.

Just like managing any budget whether personal, business, or government you are never going to succeed by cost cutting alone. You (not to get personal, its generic you) can make flowery speeches and hide the truth and no one can stop you.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News