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I heard a statistic not to long ago and I’m going to have to look for it for you guys. It said if you confiscated 100% of the salaries of the top 5% of the wealth, you would still not have enough money to pay down the deficit! Crazy huh, now what does that tell you, we have a spending problem!
Further, there isn't much more that can be extracted from high income brackets. If the Government took 100 percent of all taxable income beyond the $75,000 tax bracket not already taxed, it would get only $17 billion, and this confiscation, which would destroy productive enterprise, would only be sufficient to run the Government for seven days.
Originally posted by simone50m
Barry Obama is George McFly, from Back To The Future. I just want to slap him and shake him, and yell, "Think, McFly, think!"
Originally posted by LooksLikeWeMadeIt
Why don't you get the hell off Obama's back for Christ's sake. the maniacal GOP leadership has had it in for this president since day 1. between McConnell's fear of a black man in the White House and the rise of the racist tea party Obama has shown nothing but poise, stamina and grace under pressure. no man other than Obama could endure what these ideologues have put his presidency through. if this country is damaged or suffers it is without a doubt the fault of the GOP & that cancer we call the tea party. Obama is doing his best to NOT let this country suffer or default. Obama has the little guy, middle America, the poor and the disenfranchised on his mind when he deals with the misguided GOP. they on the other hand think of themselves & their unholy gods; Wall St & big business. every man & woman who placed a vote for these tea party morons should be held accountable. forget Obama, he can hold his own but answer me this; what is wrong with you people who put these tea party nimrods in office?