In response to:

How Democrats Can Get What They Want: Agree With Republicans

coveyrise Wrote: Dec 04, 2012 9:46 AM
Why are we ignoring the elephant in the room? In 2011 our Trade Deficit was $558 Billion of which 81% was due to the purchase of foreign oil. This means over a half trillion dollars left our economy and the jobs that go along with it. We have more known oil and gas reserves than all the Middle East combined and most of the untapped reserves lie under Public Land or Offshore. These are Public Assets and the Public is entitled to their benefit but due to Obama's policies most of them are offlimits to production. If we produced our own energy we could keep more than $440 billion here in our economy every year and create more than 8 million good paying jobs for American workers.
coveyrise Wrote: Dec 04, 2012 9:52 AM
What does this mean in terms of Increased Revenue to the US Treasury?

The royality payments alone for oil and gas produced from Public Reserves is 20%. So if instead of importing 8 to 9 million barrels of foreign oil every day we produced our own at even $80 per barrel which would be $16 in Royalty Payments, the US Treasury would take in an additional $144 million dollars per day in revenue. If we put 8 million people back to work and get them off extended unemployment benefits we save $56 Billion per year and take in over $83 Billion annually in new taxes paid or a net sum of nearly $140 Billion. Just between royalties and increased employment the difference to the Treasury is over $200 Billion per year without increasing anyone's tax.
Chestertonfan Wrote: Dec 04, 2012 10:03 AM
But where is the "Boot on the Throat" in your strategy?
Chestertonfan Wrote: Dec 04, 2012 9:52 AM
Plus you keep $ out of the hands of many of the bad guys (unethical oil) increase royalties, employment, as you say, etc.., etc. it is a win-win-win, which is why this administration won't do it. To me, a North American energy independence strategy is the second biggest security issue facing the US and the easiest to fix while drastically helping the economy. What dupes they are.
JasonCharleston Wrote: Dec 04, 2012 9:53 AM
I think it is the number one. Maybe Washingtonian corrupt is 1.
Chestertonfan Wrote: Dec 04, 2012 10:02 AM
I think the cumulative state and federal deficits are number 1. Of course there could be a direct link between my number 1 and yours.
JasonCharleston Wrote: Dec 04, 2012 9:48 AM
Because we don't own billion dollar lobbyist groups and big oil has no intention of producing more oil for a cheaper rate.
Democrats have said that that their priorities when it comes to a fiscal cliff deal are to raise more tax revenue and make the tax code more progressive.

Which is why it's odd to see them drawing a line in the sand on raising tax rates.

Raising marginal income tax rates is one of the most economically harmful ways to raise taxes. (The only provisions of the tax code that are more damaging are the corporate income tax and taxes on savings and investments.) Perhaps the only explanation is that Democrats don't actually care about...