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The Real Numbers Behind Romney and Obama's Deficit Plans

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posted on Oct, 5 2012 @ 01:40 AM
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Ben Swann breaks down the answers or lack thereof of President Obama and Mitt Romney on the issue of cutting spending and the deficit Presidential debate Number 1.




posted on Oct, 5 2012 @ 01:45 AM
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We have numbers and stats rattled off by both figureheads in the end they don't have real plan at all.They want their wars of conquest to continue of course.As for the rest they want to institute austerity in other words the total destruction of the social safety net.Another word for it is genocide.



posted on Oct, 5 2012 @ 01:48 AM
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reply to post by mike dangerously
 


The lies never stop. Personally, I strongly disagreed with the media brightly shining Romney as "coming out strong" of that debate.

They both did horrible.

Then again, what else can you expect out of a corporate-owned media.



posted on Oct, 5 2012 @ 02:47 AM
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reply to post by shake101
 


I have to completely agree with you. I'm not American but I do follow the elections quite a bit and to be honest both candidates were more than ambiguous in their answers. Also there were hardly any answers I haven't heard before.

Like the reporter said, the pain will come. Unfortunately.



posted on Oct, 5 2012 @ 04:22 PM
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Isn't "Fox Reality Check" an oxymoron?!?




Jokes aside, though, I find it laughable that this Fox-certified reality-checker isn't even familiar enough with the federal budget OR Obamacare to understand how it is IMPOSSIBLE that borrowing from China has in any way been required by the so-called 'entitlement' programs...including AND especially Obamacare.

And Romney saying that he will cut out anything that isn't necessary but which we have to borrow from China to fund...while at the same time (generally speaking) going on and on about how outdated our military is and how weak it is because our stuff is old and our troop numbers small...NOT TO MENTION how eager he has seemed to be to engage in yet another war with Iran...pretty much proves that he isn't any more aware of how and where the federal budget allocates and spends and borrows or ANY of that budget kind of stuff. And also that he counts on most of us not having any idea at all that he has profited GREATLY from China and our trade agreements with China that are now being exploited for profit by those that own the means to production in America and those who run the financial sector of China's special economic zones.
He knows that if we can't pay China back...then he might actually feel some of that pain. I cannot believe that he is not aware of the root cause for borrowing in the first place. He is WAY smarter than he lets on.

The guy on Fox, I'm not so sure about.


Neil deGrasse Tyson tweeted the following:


Cutting PBS support (0.012% of budget) to help balance the Federal budget is like deleting text files to make room on your 500Gig hard drive.


And even at that...if, indeed, it WERE TRUE that Obamacare was going to require funding through loans from China...if the idea of EVERY single American having access to health care by the year after next is NOT something Romney considers important or essential...then you have to wonder just what HE DOES consider essential. He makes a lot of passive earnings from the health care industry/companies that won't be allowed to profit with impunity any more under Obamacare.

Health care is good for your health.
They used to say that even if you lose everything, you still have your health...
I guess we've hit rock bottom if health no longer is considered something of value when all else fails.
Or maybe it is one of those things that you don't know what you have until it's gone.



posted on Oct, 9 2012 @ 03:36 AM
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reply to post by queenannie38
 

Just for anyone wondering if this economist understands the economy, Obama himself quoted Harvey Rosen's research. So Obama finds him a trustworthy source. Obama just can't read it seems and Rosen does not say what Obama thought he said.

Princeton economist Harvey Rosen on how the Romney tax plan can be revenue neutral without increasing taxes on lower or middle income Americans



posted on Oct, 12 2012 @ 07:17 PM
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here's my take on the deal that Øbama swears & deftly insists he will NOT raise taxes on anyone but the rich (over $250k)


it's not complicated... he will just pass the blame on Congress & here's how....


snip from: finance.yahoo.com...


Unless Congress takes action before the end of the year, four important credits for families --
The Child Tax Credit,
Earned Income Tax Credit,
Child and Dependent Care Credit ...
American Opportunity Credit
-- (All) will revert back to previous levels.

If this happens, many families will be worse off by hundreds -- or even thousands -- of dollars, said Roberton Williams, a senior fellow at the Tax Policy Center....



See... the clever & duplicitious Kommander-in-Chief... will swear
that letting the previous 11 year old tax relief to quietly expire on 1 Jan 2013 ~ Is Not a Tax Increase
.... but the result is the same for the people no longer receiving the 4 Tax Reliefs/Tax Credits listed above in the SNIP.... these families will be 10% poorer !


Now then... Socialist & determined ReDistribute the Wealth man we know as President Øbama... will then bypass Congress to call for emergency payments to ALL the recipients of the 4 expired tax paymentsd to the now disenfranchized people that once received EIC payments, Child Tax Credit, Dependent Care Payments, Opportunity Credit...

And call those costs humanitarian aid~ at least until Congress passes a type of reduced/ Austerity replacement of the then expired 'Bush' tax relief !


thus the forked toungue---silver tongued... Lawyerese speaking 'voice of the community' will neither 'raise taxes on the poor---also, not add to the budget deficit... technically keeping his promise/ his word


is this any way to run a superpower ???

(hey if your fortunate you might be able to kiss-his-ring! )

I
edit on 12-10-2012 by St Udio because: (no reason given)





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