Michael2944 Wrote:
Nov 04, 2012 12:56 AM
Consider how under Clinton and Bush - the federal government spent about 19% of GDP - but under the incompetent Obama - the federal government now spends about 24% of GDP. That is runaway! As for the "tax cuts for the rich" - 75% went to people who made less than $250K, and taking away the tax cuts for the wealthy (over $250K) allegedly MIGHT generate $80B year more. (BUT - the tax cuts didn't reduce revenues - revenues went up. And if the government raises rates on the wealthy - wanna be revenues expected actually go DOWN!)