Obamas vs Romneys (page 5)

designs

Seems decent Democrats always follow really rotten to the core Republicans- Nixon, Reagan.BushI, BushII

Glander

love to see the wheels coming off our JWN lib goons, Llol

come on - don't get discouraged. Keep the spittle flying!

Resistance is Futile

Which president was the last to balance the budget? Was it Reagan, nope. George W. Bush, not even close.

It was Clinton. I understand that Republicans don't want to acknowledge that the most fiscally conservative president in the last four decades was a Democrat.

I've even heard the argument that it wasn't Clinton that was responsible for the surplus, but instead it was the Republicans in Congress. Which is slightly hypocritical if we're going to fault a president when the economy isn't doing well, but when the economy is booming we give credit to Congress? I could care less about who really gets credit. What's important is to take note of what economic policies were in place when this surplus was created.

Does the economic policies Romney's proposing look anything like what was in place under the Clinton years? Not by a long shot. They look a lot more like what we had under Bush, and we saw how well that worked out.

It seems clear that Romney's economic policies will actually be worse for the debt than Obama's.

Glander

It seems clear that Romney's economic policies will actually be worse for the debt than Obama's.

Resistance - That's quite a statement. What is the source you get your information from?

moshe

Draconian meaures will have to be taken to pay off the debt. The European VAT tax is the final fallback position that government can be use to obtain a revenue stream. A 10% VAT could be expected to bring in 750 billion a year- however, if the government just gives away more freebies, I would be against it. Canada has a VAT-

http://www.bloomberg.com/news/2012-05-02/value-added-tax-would-raise-tons-for-u-s-coffers.html

DaCheech

moshe, and that will not affect the middle class?

botchtowersociety

Obama on Comedy Central: When four Americans get killed it is not optimal.

what a joke

moshe

Sure the VAT affects everyone-- the lower income more than the higher income-- we have people here from Canada, let them explain it- I will start a new topic all about the VAT

Resistance is Futile

It seems clear that Romney's economic policies will actually be worse for the debt than Obama's.

Resistance - That's quite a statement. What is the source you get your information from?

Well let's start with the most obvious aspect of his economic policies, his massive tax cuts. Why won't he tell voters the specifics on how it will be revenue neutral? Because he knows it will increase the debt, that's why he won't give details.

It's clear that he made this wild promise to significantly lower taxes while somehow magically offsetting the loss in tax revenue because he was pandering for votes. That's what politicians do. But now he's in the awkward stage of having to actually explain how the math works without adding to the debt. It's clear that it doesn't. Politicians make wild claims, such as the Obama administration claiming they'd get unemployment down to 5.6% during the worst recession since the Great Depression. Or Newt Gingrich's claim that if elected he'd get gas prices down to $2.50 per gallon. It's our job as informed voters to see through the bs and realize exactly what these politicians will and won't do. It's clear Romney would go down the exact same economic path George W. Bush did by lowering taxes and increasing spending.

The Congressional Budget Office estimates that extending the Bush tax cuts to 2020 would add $3.3 trillion to the debt. Keep in mind Romney would add even more to that debt since he wants an across the board 20% cut on top of what was supposed to be the temporary rates Bush passed.

http://www.cbo.gov/publication/21670

Obama's proposed tax plan is simply more fiscally conservative and won't add as much to the debt in comparison to Romney's. This country is pulling out of the recession, we're much better off than four years ago when we were losing over 800,000 jobs per month. The dumbest thing we could do is go right back to the policies that led us into the recession in the first place.

Obamas vs Romneys

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