Comments on: D.C. Spendapolooza! White House Releases Budget http://www.thegreatilluminator.com/blog/?p=1861 “Better to illuminate than merely to shine, to deliver to others contemplated truths than merely to contemplate.” – St. Thomas Aquinas Sun, 05 Sep 2010 18:57:13 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Dow 5,000? | The Great Illuminator http://www.thegreatilluminator.com/blog/?p=1861&cpage=1#comment-402 Dow 5,000? | The Great Illuminator Fri, 06 Mar 2009 13:33:07 +0000 http://www.thegreatilluminator.com/blog/?p=1861#comment-402 [...] markets hurl. Then Obama pushes for, gets and signs The Porkulus, releases his historically bloated budget, launches a foreclosure bailout, and now Congress is moving through an Omnibus spending bill with [...] [...] markets hurl. Then Obama pushes for, gets and signs The Porkulus, releases his historically bloated budget, launches a foreclosure bailout, and now Congress is moving through an Omnibus spending bill with [...]

]]> By: Mike http://www.thegreatilluminator.com/blog/?p=1861&cpage=1#comment-340 Mike Fri, 27 Feb 2009 18:03:33 +0000 http://www.thegreatilluminator.com/blog/?p=1861#comment-340 I doubt that it will be the end of our economy. The taxes being raised - at least the payroll taxes - raises taxes to the level of Ronald Reagan's years. Hardly the end of the economy. Obama has stated that the budget it ends the era of gimmicks from the Bush years. I think you should either come to terms with that or prove him wrong. And the budget isn't all bad. It includes generous changes to the AMT which affects families at $150,000 and up. It lifts their taxes by eliminating or reducing AMT. I just love it when Republicans have all the answers -- as in oh really, we can spend $700 B and that didn't bankrupt the country, but the stimulus bill will? There is an unproven belief system that cutting taxes increases revenues. Whose taxes? How much? What is the right amount? Heck, why not cut them to 10% of income and let everyone enjoy life. Would cutting the lower rate from 15% to 2% make the economy grow? Or do we just cut the 36% rate down to 30% ? Who benefits? Why? How does a kid from an impoverished family go to college? Handouts or Pell grants? How do we get a quality education across the United States without funding one child left behind? There are many programs that set a minimum standard, that move the economy, the guarantee our future. Your view of the priorities of this country may differ from your neighbors and from Obama's. I doubt that it will be the end of our economy. The taxes being raised – at least the payroll taxes – raises taxes to the level of Ronald Reagan’s years. Hardly the end of the economy.

Obama has stated that the budget it ends the era of gimmicks from the Bush years. I think you should either come to terms with that or prove him wrong. And the budget isn’t all bad. It includes generous changes to the AMT which affects families at $150,000 and up. It lifts their taxes by eliminating or reducing AMT.

I just love it when Republicans have all the answers — as in oh really, we can spend $700 B and that didn’t bankrupt the country, but the stimulus bill will?

There is an unproven belief system that cutting taxes increases revenues. Whose taxes? How much? What is the right amount? Heck, why not cut them to 10% of income and let everyone enjoy life.

Would cutting the lower rate from 15% to 2% make the economy grow? Or do we just cut the 36% rate down to 30% ? Who benefits? Why?

How does a kid from an impoverished family go to college? Handouts or Pell grants?

How do we get a quality education across the United States without funding one child left behind?

There are many programs that set a minimum standard, that move the economy, the guarantee our future. Your view of the priorities of this country may differ from your neighbors and from Obama’s.

]]> By: Franklin's Locke http://www.thegreatilluminator.com/blog/?p=1861&cpage=1#comment-338 Franklin's Locke Fri, 27 Feb 2009 14:42:34 +0000 http://www.thegreatilluminator.com/blog/?p=1861#comment-338 First, the war did not cost TRILLIONS. It cost less than $700 billion, less than the “Spendulous”Bill. I guess Obama must think the citizenry are stupid or doesn’t own calculators, because what he has been saying and what the budget says are complete opposites. The budget does not add up on its own. By raising taxes on most of the U.S. “taxpayers”, he is actually cutting the tax revenues that government will be receiving in the long run. So, the deficits will soar higher than what is being projected. This is voodoo economics! It will the death of our economy. http://franklinslocke.blogspot.com/ First, the war did not cost TRILLIONS. It cost less than $700 billion, less than the “Spendulous”Bill.

I guess Obama must think the citizenry are stupid or doesn’t own calculators, because what he has been saying and what the budget says are complete opposites. The budget does not add up on its own. By raising taxes on most of the U.S. “taxpayers”, he is actually cutting the tax revenues that government will be receiving in the long run. So, the deficits will soar higher than what is being projected. This is voodoo economics! It will the death of our economy.

http://franklinslocke.blogspot.com/

]]> By: Mike http://www.thegreatilluminator.com/blog/?p=1861&cpage=1#comment-337 Mike Fri, 27 Feb 2009 13:44:09 +0000 http://www.thegreatilluminator.com/blog/?p=1861#comment-337 It isn't your post, it's a copy of Michelle's post, but just bear in mind these facts: - This is comparing the apples to oranges when comparing this budget against Bush's. - The real Bush expenditures did not include the war in Iraq. Under Bush, there was $2.7 T not included, so these budgets are comparable. - I applaud Obama for putting all expenditures in the budget. Now everyone can have a real debate on our priorities. - Would we have a war in Iraq if we knew it cost Trillions? It isn’t your post, it’s a copy of Michelle’s post, but just bear in mind these facts:

- This is comparing the apples to oranges when comparing this budget against Bush’s.

- The real Bush expenditures did not include the war in Iraq. Under Bush, there was $2.7 T not included, so these budgets are comparable.

- I applaud Obama for putting all expenditures in the budget. Now everyone can have a real debate on our priorities.

- Would we have a war in Iraq if we knew it cost Trillions?

]]>