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Obama disproves Obama

Discussion in 'American Politics' started by Jeffwhosoever, Oct 7, 2012.

  1. Jeffwhosoever

    Jeffwhosoever Faithful Servant & Seminary Student Staff Member Assistant Chaplain Angels Team Supporter

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    Well Obama has caught himself in a trap. Did anyone hear in the debate that Obama wants a "balanced" deficit reduction plan of $1 in taxes for $2.5 in debt reduction? Go visit his own web site and see the proof against that statement for yourself. The facts are as follows:

    http://secure.assets.bostatic.com/resources/Deficit_Info_v4.png


    Here is a breakdown that Obama states how Obama will save $4T

    Increased taxes on higher incomes and corporations: $1,910B

    Savings from ending wars in Iraq and Afghanistan (assuming we do): $850B

    Debt service: $800B

    Health(care) and other mandatory initiatives (whatever that is): $590B

    Other (made up?): $70B

    How is that $2.5 in cuts for every $1 in taxes?

    Ending wars isn't a cut. How does debt servicing count as a cut? Either it is taking advantage of lower financing rates by the FED keeping interest rates low, or via the FED printing money to de-value our currency and hence our debts.

    Ignoring the war savings, and the printing of money, that is $1.91B in taxes for $590B in Medicaid/Medicare cuts, $3 in taxes for every $1 in cuts. Even if you give Obama credit for the ending of war and the debt reduction, the real math is $1 in taxes for $1 in cuts, in the most favorable of interpretations.
     
  2. Jeffwhosoever

    Jeffwhosoever Faithful Servant & Seminary Student Staff Member Assistant Chaplain Angels Team Supporter

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    Wow. Democrats offer no comeback on this topic. None. Zero.
     
  3. Thekla

    Thekla Guest

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    Guess not ^_^

    Here's one analysis on both:
    "Here's the rap on the presidential candidates' plans for cutting federal deficits: Mitt Romney's is too bold and the numbers don't add up, while President Barack Obama's is too timid and his numbers don't add up, either."
    Analysis: Candidates' deficit plans don't add up - Yahoo! Finance

    On tax reform, Romney has recently proposed a deductions cap of his own - I can't recall Obama's proposal on this, but Romney has stated from 17,000-50,000.
     
  4. Vylo

    Vylo Stick with the King!

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    Well that's 4,090 billion dollars in cuts vs 1,910 billion recouped from closing loopholes. It only works out to 2.14 to 1 at the moment. Seems like he rounded up the math a bit.
     
  5. Jeffwhosoever

    Jeffwhosoever Faithful Servant & Seminary Student Staff Member Assistant Chaplain Angels Team Supporter

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    Where do you get the $4.09T in cuts? If you were to add these up, you would have $6T in deficit reduction, not the $4T Obama described. And, the $1.91T does not come from closing loopholes.
     
  6. Vylo

    Vylo Stick with the King!

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    Adding?
     
  7. Jeffwhosoever

    Jeffwhosoever Faithful Servant & Seminary Student Staff Member Assistant Chaplain Angels Team Supporter

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    Let's see your addition.
     
  8. Vylo

    Vylo Stick with the King!

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    You...are the one that posted the numbers.....

    70
    590
    800
    850
    1780

    = 4090
     
  9. Jeffwhosoever

    Jeffwhosoever Faithful Servant & Seminary Student Staff Member Assistant Chaplain Angels Team Supporter

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    The $1.78T is NOT new, these were approved almost a year ago, so he should not be claiming this because we still had a $1T deficit in 2012.
     
  10. Vylo

    Vylo Stick with the King!

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    It isn't new, but it is cuts that are part of the plan.
     
  11. Jeffwhosoever

    Jeffwhosoever Faithful Servant & Seminary Student Staff Member Assistant Chaplain Angels Team Supporter

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    Well then Mitt Romney can also claim that $1.7T in deficit reduction in his plan. Something already done doesn't constitute a plan for the future.

    Doesn't seem to have worked since we had another $1T in 2012.
     
  12. Douger

    Douger Veteran

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    I looked at that picture you linked and see 2.14 dollars in cuts per dollar in tax.
     
  13. Vylo

    Vylo Stick with the King!

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    Except Romney wasn't president so he can't.
     
  14. Jeffwhosoever

    Jeffwhosoever Faithful Servant & Seminary Student Staff Member Assistant Chaplain Angels Team Supporter

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    Well, we can fix that problem! :idea:




    Send Obama back to Chicago :cool:
     
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