"Question: If either one of you become president, and let the Bush tax cuts lapse, there will be effectively tax increases on
millions of Americans.
OBAMA: On wealthy Americans.
CLINTON: That’s right.
OBAMA: I’m not bashful about it.
-2008 Democratic debate in Los Angeles, California; Jan 30, 2008
“And the Bush tax cuts–people didn’t need them, and they weren’t even asking for them, and that’s why they need to be less, so that we can pay for universal health care and other initiatives.”
-Obama: 2007 Democratic Presidential Debate; Howard University, June 28, 2007"
"Conservative icon Phyllis Schlafly recently wrote:
“Obama’s costly, dangerous and altogether bad bill (S. 2433)… would commit U.S. taxpayers to spend 0.7 percent of our Gross Domestic Product on foreign handouts…”
Schlafly also wrote:
“The Global Poverty Act would be a giant step toward the [United Nation’s] Millennium Goals of global governance and international taxes on Americans.”
My God! The government needs revenue to run! When it doesn’t have enough revenue it goes into debt! To get out of that debt it needs additional revenue! The Horror of actually saying it out loud!!!
The issue is that the Fed has much more than it needs, it just does not manage what is has. Ever heard of the government buying a hammer for $1,000? The government wastes billions of dollars each year and then says; “give me more”.
So it’s not about need it’s about the lack of accountability of Washington.
buying a $1000 hammer.
when the hammer is a metaphor for so many things gone wrong over
the past 8 years…
tax cuts for the rich borrowed from china to stimulate the economy is such a hammer,
war in Iraq is such a hammer,
and of course all the hammers literally…
yes accountability of all sorts is needed, hence more and better democrats are needed, ala Obama.