October
16, 2008
Liberal Arithmetic - Hold Onto Your Wallets
Last
Thursday, Barack Hussein Obama's running mate, Joe Biden, illustrated why you
can't trust the Obama tax promises. They can't count.
Joe Biden said, "Look,
John's (McCain's) last minute economic plan does nothing to tackle the number
one job facing the middle class and it happens to be, as Barack says, a three
letter word, jobs. J-O-B-S. Jobs."
This statement was delivered in a speech.
Biden was speaking slowly a deliberately. See
and it hear it for yourself.
Barack Hussein Obama has yet to explain how
his tax plan can possibly work. He says he wants to cut the taxes of the middle
class by taxing anyone or any business that has a gross (at least he finally cleared
that up) revenue of $250,000. He also wants to give a tax credit to the 40% of
the population that does not pay income tax.
Unfortunately, the math doesn't
add up for poor Obama any better than it does for Biden trying to count to four.
The simple fact is that Obama's proposed entitlement programs add up to over one
trillion dollars. The 5% of the population he wants to tax to pay for it wouldn't
have enough money even if Obama took 100% of their incomes. Since 40% don't pay
taxes, that leaves the middle class holding the bag.
It doesn't stop there.
By Obama punishing the producers the of economy, they will produce less, things
will cost more and they will need to lay-off the middle class workers to stay
in business. It will continue to spiral down into a total economic crash.
Now,
think about. By Obama's own definition, he is rich. So are his Hollywood buddies.
Do you really think they're going to give you their money? No way. However, Obama
is guaranteed to take your hard-earned money from you and give to whomever he
pleases. Ain't socialism grand?
TLG
