In response to:

The Kingdom of Fairness

mturn115 Wrote: Dec 06, 2012 11:39 AM
Obama is not truly redistributing wealth, he is redistributing earnings. If he wanted to really redistribute wealth, he would start taking assets away from the wealthy, such as John Kerry, the Kennedys, Bill Gates, George Soros, Warren Buffet, Diane Feinstein, Barbara Boxer, Nancy Pelosi, Steven Spielberg, Oprah Winfrey, LeBron James, etc. Do you think these people would stand for it? No, they wouldn't. Do you think these people would support Democratic policies if truly redistributing wealth was one of those policies? No. But that would be truly be redistributing wealth.
rpm Wrote: Dec 06, 2012 9:32 PM
Point I make all the time. People like Buffet don't really care about income taxes--it is a miniscule part of their net worth. They really want to control the legislation and regulations so as to tilt the field towards their interests.
stangerinmyownland Wrote: Dec 06, 2012 1:42 PM
Very good point. This is an attack on earned income, not capital gains from investments or already wealthy people.

We are still borrowing more than $1 trillion a year. Barack Obama has added more than $5 trillion to the national debt in just his first term alone. Such massive borrowing is unsustainable. Someone somehow at some time has to pay it back.

Obama would agree. He once alleged that George W. Bush's much smaller deficits were "irresponsible" and "unpatriotic." Obama himself vowed to cut the budget deficit in half by the end his first term. Instead, Obama's annual deficits have never gone below $1 trillion.

Three ways to establish a long-term trajectory toward a balanced budget were under...