In response to:

Obama Wants More Money

Mark GA Wrote: Oct 19, 2012 5:22 AM
Obama keeps carping on how Romney's math doesn't add up; so let's talk math. If Obama gets all the tax increases he wants, he will (at best) get an additional 65 billion dollars in revenue in 2013. The 2013 deficit is projected to be (again) over a trillion dollars. You can only reduce the nations debt by spending less than you take in. You need much more in tax revenue than Obama is proposing; or you need to cut spending. Under Clinton, we were spending about 19% of GDP on government during the years we had a surplus. That doesn't include raiding the social security surplus, which supposedly will have to be paid back. Under Obama government spending has been about 25% of GDP. That's the math. Raise taxes or cut spending. Where's the plan?
kenneth416 Wrote: Oct 19, 2012 10:01 AM
Mark GA, we are in a pickle. Either raising taxes or cutting spending (or any combination thereof) by the amount necessary to balance the budget would collapse the economy. Things would come to a grinding halt. Don't even think about paying off the $16 Trillion in debt--it is not going to happen. We are headed for default and the only question is "Who is holding our promissory notes when it happens?" The only viable solution is GROWTH. Throw open our borders and INVITE all Canadians and Mexicans/Central Americans to come on in! Maybe we could have AF One shuttle back and forth between Asia and California, bringing several hundred of the best and brightest Japanese/Chinese/Indian, et all. Europeans can find their own way.
President Obama has declined to outline a second term agenda. He doesn't say what he would do about the fiscal cliff that looms in just a couple of months. He hasn't addressed the glaring challenge of an aging population and entitlement spending that is careening toward insolvency. (On the contrary, he has significantly hastened the emergency by piling on new entitlement spending.) He hasn't proposed policies to improve the economy. He promises nothing more on Iran than to maintain ineffective sanctions.

We can glean this much: He'd like to hire 100,000 new teachers and he wants to raise taxes on...