What happened to all of the doom and gloom economic threads?

4est_4est_Gump said:

Thank you wingnuts...

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richard_daily said:

Do you often talk to yourself?

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At the beginning of his presidency, Barack Obama argued that the country’s spiraling debt was largely the result of exploding health-care costs. That was true. He then said the cure for these exploding costs would be his health-care reform. That was not true.

It was obvious at the time that it could never be true. If government gives health insurance to 33 million uninsured, that costs. Costs a lot. There’s no free lunch.

Now we know. The Congressional Budget Office’s latest estimate is that Obamacare will add $1.76 trillion in federal expenditures through 2022. And, as one of the Medicare trustees has just made clear, if you don’t double count the $575 billion set aside for the Medicare trust fund, Obamacare adds to the already crushing national debt.

Three years later, we are back to smoke and mirrors. This time it’s not health care but the Buffett Rule, which would impose a minimum 30 percent effective tax rate on millionaires. Here is how Obama introduced it last September:

“Warren Buffett’s secretary shouldn’t pay a [higher] tax rate than Warren Buffett. . . . And that basic principle of fairness, if applied to our tax code, could raise enough money [to] stabilize our debt and deficits for the next decade. . . . This is not politics; this is math.

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Okay. Let’s do the math. The Joint Committee on Taxation estimates this new tax would yield between $4 billion and $5 billion a year. If we collect the Buffett tax for the next 250 years — a span longer than the life of this republic — it would not cover the Obama deficit for 2011 alone.

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richard_daily said:

AJ talks to himself.

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islandman said:

The sound of one hand clapping.

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vetteman said:

Yeah who cares if your kids have to take a wheelbarrow to work in order to get paid on the hour.

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vetteman said:

Obama has grown quite fond of Reagan as he desperately tries to keep his scrawny ass cheeks away from the relentless wringer.

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4est_4est_Gump said:

In the last week, the wingnuts from Obama all the way down have become quite fond of quoting Reagan out of context so that they don't have to explain why deficits no longer matter...

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vetteman said:

Stocks drop another 137.

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vetteman said:

Here's one way Obama intends to fix the unemployment numbers:

DOL forcing media to use government computers

http://campaign2012.washingtonexami...forcing-media-use-government-computers/479421

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