So I'm doing some math....

[Eight]

Obama is demanding a Trillion in new taxes... I guess that's annual taxes?

Corporations don't pay taxes other than sales taxes maybe. 45-50 million households don't pay anything to the feds... so maybe that leaves 50 million households to pay the trillion. That works out to $20,000/year for those households... I really don't thing the faltering economy can handle another burden like that... if it's spread over the next five years it figures out to $4000/year, who knows if the economy can handle even that?

Obama only makes sense if he's viewed as a William Ayres type Communist that wants to burden the social services until the whole government is broken.. I guess they are supposed to ride in as our commie saviors at that point and toss out the constitution and declare themselves the true representatives of the proletariat or something..

 

[pspr]

As was pointed out to me in another thread, Washington is talking in terms of 10 years. Even so, we are talking about enough new taxes to derail a fragil economy. It's reported that people are already starting to run up credit card debt just trying to keep up with gas and food prices.

 

[tradinglucy]

The hole keeps getting bigger and bigger. If you dont' have money and you're buying food and gas on credit you're fucked.

Quote from pspr:

As was pointed out to me in another thread, Washington is talking in terms of 10 years. Even so, we are talking about enough new taxes to derail a fragil economy. It's reported that people are already starting to run up credit card debt just trying to keep up with gas and food prices.