Stupidity

Gipper

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The president made a number of stupid statements in his speech yesterday, but those statements are believed by MANY on the Left.

Statements such as: (I paraphrase)
- the rich WANT to pay more in taxes
- our country is great solely due to entitlement programs
- all government spending is investment
- increasing taxes on the wealthiest 2% is the answer

Now this proves without question, that he and MANY liberals/leftists who believe this tripe, are STUPID.

How in the world can we ever be a successful nation when fools are in charge?

This column says it like it is...

Mr. Obama did not deign to propose an alternative to rival Mr. Ryan's plan, even as he categorically rejected all its reform ideas, repeatedly vilifying them as essentially un-American. "Their vision is less about reducing the deficit than it is about changing the basic social compact in America," he said, supposedly pitting "children with autism or Down's syndrome" against "every millionaire and billionaire in our society." The President was not attempting to join the debate Mr. Ryan has started, but to close it off just as it begins and banish House GOP ideas to political Siberia.

Mr. Obama then packaged his poison in the rhetoric of bipartisanship—which "starts," he said, "by being honest about what's causing our deficit." The speech he chose to deliver was dishonest even by modern political standards.

Under the Obama tax plan, the Bush rates would be repealed for the top brackets. Yet the "cost" of extending all the Bush rates in 2011 over 10 years was about $3.7 trillion. Some $3 trillion of that was for everything but the top brackets—and Mr. Obama says he wants to extend those rates forever. According to Internal Revenue Service data, the entire taxable income of everyone earning over $100,000 in 2008 was about $1.582 trillion. Even if all these Americans—most of whom are far from wealthy—were taxed at 100%, it wouldn't cover Mr. Obama's deficit for this year.
http://online.wsj.com/article/SB10001424052748703730104576260911986870054.html?mod=WSJ_Opinion_LEADTop
 
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Exactly. Besides the manifest stupidity of raising taxes in a deep recession, he wants you to believe that taking money from the very people who create REAL jobs and putting it instead in the hands of the people (government) who are the ones who created not only this recession but the huge budget deficits and titanic national debt is a rational idea.
 
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