In response to:

The Largest Tax Increase Since World War II

Bufa Wrote: Dec 28, 2012 4:59 PM
That is a really stupid statement. The money is there it is just being wasted on programs and new federal employees we do not need. Wake up fool. You are being ripped off royally and it has your stamp of approval on it.
DevinDenver Wrote: Dec 28, 2012 5:43 PM
Further, Barack has hired over 100,000 new Federal employees since he was inaugutrated in 2009. Are you trying to tell us that all of these employees are deparately needed?
DevinDenver Wrote: Dec 28, 2012 5:39 PM
AO, let's look at it this way - Obama promised when he took office that he would go through every Budget line item by line item and root out all waste inside the Government. That did not happen (could not have happened because Harry Reid's Senate has not passed a budget) and Obama then said he was putting good old Uncle Joe on the task force to root out all waste, fraud and abuse in government programs. What did this task force find - NADA, until Barack needed some funds to prop up ObamaCare, then viola, there is $50 billion in fraud they will eliminate from Medicare.
So, to YOUR POINT, even Barack believes that there is wasteful spending in the Govt, yet he is not inclined to find it.
dweimaraner Wrote: Dec 28, 2012 5:02 PM
yep. you should see how the VA road construction budget was decimated a few years ago. its cost us alot.
AmericanObserver Wrote: Dec 28, 2012 5:01 PM
Bufa, Since you are such an expert, apparently, why don't you tell us a) which programs - specifically - that are being wasted; b) which federal employees we don't need, and c) and how much much money that will save us.
Fully going over the fiscal cliff would be the largest tax increase since World War II, according to the Tax Foundation and will result in the highest top tax rates in decades. They've composed a chart tracking marginal rates since 1954. Take a look at the end, and the size of the jump projected in tax rates:

Keep in mind that as rates have come down, average tax revenue has stayed roughly the same. Reforms to the U.S. tax code have given us one of the most - if not the single most - progressive...