OBAMA : STICK UP ARTIST

[Whirlaway]

Who are the ultimate screwees of Obama’s fiscal policies? Our children and grandchildren, of course. Another $9 or $10 trillion in debt? No problem! Steal it from Junior !

[CJ7]

I think you are the epitome of cartoon, whirl.

[Whirlaway]

Funny how comedy and ridicule stings when it is true...........

[CJ7]

the dude in the cartoon looks like Reagan

[CJ7]

To come up with a definition of "middle class," we ignored the top 20 percent and the bottom 20 percent and focused on the three segments of 20 percent each in the middle of the income distribution. We used the tax data for 2008 and for 2011.

So how do the numbers look? Here’s the summary.

Second-lowest 20 percent

2008 tax burden: $1,715
2011 tax burden: $1,396
Decline of $319

2008 tax rate: 6.7 percent
2011 tax rate: 5.7 percent
Decline of 1 percentage point

Middle 20 percent

2008 tax burden: $6,290
2011 tax burden: $5,535
Decline of $775

2008 tax rate: 13.6 percent
2011 tax rate: 12.4 percent
Decline of 1.2 percentage points

Second-highest 20 percent

2008 tax burden: $13,749
2011 tax burden: $13,078
Decline of $671

2008 tax rate: 17.4 percent
2011 tax rate: 16.5 percent
Decline of 0.9 percentage points

So for each of the three middle quintiles, both the amount of tax paid and the effective tax rate paid declined.

The changes to the tax code made under Obama and the analyses by the Tax Policy Center show that for the middle 60 percent of the income distribution, both the average tax paid and the average tax rate fell between 2008 and 2011


sorry, no cartoon to help you understand the big words

[Whirlaway]

Your own chart (thanks for posting btw).......................... Obama is a debt crackhead who is bankrupting us.....per capita debt was $35,153 when Bush left office and Obama has jacked it up to $48,358....in 3 short years !



http://www.skymachines.com/US-Nation...ental-Term.htm

[drluv1]

Originally Posted by Whirlaway

Your own chart (thanks for posting btw).......................... Obama is a debt crackhead who is bankrupting us.....per capita debt was $35,153 when Bush left office and Obama has jacked it up to $48,358....in 3 short years !



http://www.skymachines.com/US-Nation...ental-Term.htm

And how much of that debt is interest on the debt Obama inherited from Reagan and the 2 bushes? Probably about 1.5 trillion over 3 years. How much of the debt is from massive unemployment? But as Cheney said " deficits don't matter".

[CuteOldGuy]

It doesn't matter where the debt came from. It matters who is going to pay it, and when. None of them have the right to impose debt on my grandchildren and their children.

Quit arguing about whose fault it is. Let's try fixing it. Our National Debt will exceed $16 TRILLION soon. Unless we act soon, meaning NOW, the only way to pay that back will be with hyper-inflated dollars. That will not be a good thing.

[CJ7]

Originally Posted by CuteOldGuy

It doesn't matter where the debt came from. It matters who is going to pay it, and when. None of them have the right to impose debt on my grandchildren and their children.

Quit arguing about whose fault it is. Let's try fixing it. Our National Debt will exceed $16 TRILLION soon. Unless we act soon, meaning NOW, the only way to pay that back will be with hyper-inflated dollars. That will not be a good thing.

the debt grows with each president .. look at the link I provided. We pay for the interest on the debt ... now look back at the link I provided and check the interest we owe .... compare Bush/OBe

Like I said, if we use the bad debt obama logic, this country would have been bankrupt during the Reagan admin

[CuteOldGuy]

It WAS bankrupt under Reagan. It started to get a little better with Clinton and a Republican congress, but all hell broke loose after 9-11. We thought we could bomb and spend ourselves into safety. Instead, we are courting a disaster which will make 9-11 seem like a holiday. Meaning no disrespect to those who died and/or helped on that day, but we can't continue spending like we do and not expect a financial collapse of Biblical proportions. And we aren't any safer, but we are a lot less free. This is not the legacy we should leave for those harmed on 9-11.

[Grifter]

Whats silly is that the biggest debt holder is the fucking Fed and the US governement. Like 7 Trillion of it.