President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (103810)	11/3/2011 1:20:58 PM
From: koan	Read Replies (1) of 149317

Mindmeld, I have no problem facing facts, but you are not putting things in perspective or being logical. I feel you are posting Ron Pauls talking points and IMO he is sort of nuts. Here is what I mean by perspective. Let us start from the beginning: When Clinton left we had a budget surplus of almost 300 billion and it was felt we would be out of debt by 2012 if bush had just continued on Clinton's path. When Bush got in the very first thing he did was give that surplus, and a trillion more, in tax cuts to the rich instead of paying off the debt. He told people he was giving it to the rich saying it was their money. He did it two more times and then ran two wars off budget. Then bush went on to almost bankrupt us. In the 50's top tax rates on the rich were 90%! The Republicans (ncluding Ron Paul) will not let us raise any taxes , close tax loop holes or even go back to the Clinton years. But if we need more money why not raise taxes even more?? The reason we have these massive deficits are twofold: 1) taxes are too low and 2) we are still digging out of the hole bush put us in. But the present expenditurres are an anomaly caused by the depression like in the 30's and 40's. These massive deficits could be cured overnight if we raised taxes. We need to raise taxes big time! Ron Paul does not want to raise taxes mindmeld. You should know that. He wants to cut our social security and medicare. Which is nuts! We must raise taxes. <<Here are the facts. Our government IS BLOATED. We spend $3.7 trillion, but bring in tax revenues of $2.2 trillion, for a deficit of $1.5 Trillion per year! There is no way you can call that anything but bloated. Spending is way out of control. It has increased dramatically over the last 10 years. Look at the chart below. This is obscene. The military is a large part of it, yes. But so are Entitlements. Entitlements now represent 45% of our budget spend and that will increase every year as 10,000 Baby Boomers retire every day!

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