The Angry White Guy

Here are some FACTS let’s call this a “teachable moment” so FACTS are you know those annoying things liberals hate…

(I’ll explain to liberal… information based on real data and not emotional hyperbole.)

As I’ve pointed out about a zillion times, slightly  less than Obama has already spent the reality is he has already raised taxes on some people in the country earning any amount of money, but there are other tax facts plaguing Obama.

Biggest Drop in Government Revenue Since Great Depression
Well “The One” finally said it enough that it finally came true, he had many opportunities to head it off, he just lacked the skill and leadership to do so.

Quote…

The numbers could hardly be more stark: Tax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion.

Here is some more of those annoying FACTS …
1. Income tax receipts are down 22 percent from a year ago.
2. Corporate income taxes are down 57 percent.
3. Social Security tax receipts could drop for only the second time since 1940.
4. Medicare taxes are on pace to drop for only the third time ever.
5. Unemployment is closing in on 10%.
6. Obama is spending at record levels.

Quick libby-lib Blame Bush.

Here some more taxes that’s in the hopper that will effect everyone that buy gas or produced delivered by gas.

Last week, Congress voted to spend $7 billion to replenish the highway fund, which would otherwise run out of money in August. Congress spent $8 billion to replenish the fund last year.

Rep. Richard Neal, D-Mass., chairman of the House subcommittee that oversees fuel taxes, is working on a package to make the fund more self-sufficient. The U.S. Chamber of Commerce, which doesn’t back many tax increases, supports increasing the federal gasoline tax, currently 18.4 cents per gallon.

To what amount, who knows? Remember Obama said high gas prices weren’t a bad thing he’d only wished they’d go up more slowly.

So while Obama and the Obamatrons are running damage control on the middle class tax hike jabber from Turbo Tim, there still looking at ways to increase revenues through taxation. Facts are we as a country can NOT continue to spend the money they are spending and sustain it. So Obama is going to have to drastically cut back his spending or raise taxes those are his only choices, because he’d never use the conservative approach of cutting taxes. Why? Obama is a liberal and liberals do not know how to cut spending however they do know how to raise taxes… they do not understand how cutting taxes actually increases tax revenue and let me tell you it’s hard work explaining it to a liberal… but let’s try shall we, we shall. Here goes, cutting taxes give consumers more money, the more money consumers have the more they spend, the more they spend the more goods and services are sold, the more goods and services sold the more people are needed to provide it, the more people needed the more people working and paying taxes, the more people working and paying taxes the more tax revenue… it’s kind of like Wal-Mart for taxes… low margins and huge volumes. But good luck getting a loon on the left to understand that “teachable moment”.

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