Barcaldine wrote:Im a hard working, non-trust funded baby who is really sick and tired of liberals blaming the ills of the world on the rich. Frankly, I think it's nothing more than envy that drives them to demonize the people who have actually built their own wealth. Further, studies have shown that when income is redistribuited it eventually ends back in the hands of the smart guys who made it to begin with. How many lottery winners invest their windfalls wisely? Most end up in the same financial straits that led them to buy their tickets in the first place.
It's also a fact that if the rich (as defined by Obama) were taxed at a 100% rate that the combined revenue wouldn't make a dent in the national debt. As always, its the middle class which ultimately pays the price for exorbitant government programs, including debt service.
Quit blaming Bush and Romney for the messes that Obama is creating.
Actually, Bush inherited a surplus from Clinton, and the deficit itself had been declining during the Clinton administration. GWB, the Congressional Republicans, and their supposedly knowledgeable economic advisors decided to massively cut taxes, especially on the top 1%, while prosecuting NOT one but two wars in Iraq and in Afghanistan and establishing a costly new prescription plan for the elderly through Medicare -- among other things.
Ever hear of the "guns or theory", Barc? Y'know the one that says, you can't go all guns (war) and all butter (domestic spending) at the same time. Well, according Bush, Cheney, Republican Congressmen, and FOX NEWs cutting revenue, especially taxes on the wealthy, invalidates the guns and butter theory because it creates sooooo much prosperity that that "prosperity" will even trickle down to the untermenchen. Right-o. What you get is the massive deficit that GWB bequeathed to Obama -- along with the worst economy since the Great Depression.
It's NOT the American electorate that's stupid on economics, it's the GOP and their supposedly economically knowledgeable backers. The voters got fooled in 2004, but they didn't buy the GOP's economic voodoo in 2008, and they didn't buy it again in 2012. All giving massive tax breaks to richest Americans did was give us a bigger deficit.
Now, go call your GOP Congressman and tell him it's time to make a deal before the top 1% fall off the so-called fiscal cliff. If you don't want to do that, don't come whining about your taxes going up on January 1, 2013.