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Obama - The Giveaway King

Mike

Well-known member
Wednesday, August 6, 2008
Obama And His Great Rebate Debate
Those who understand history, know that there is an inherent danger in electing leadership that is intent upon the overuse of populist rhetoric. Any politician can address a crowd, play upon there economic or social woes and promise them brighter days; but true political leadership understands that opportunity is built upon self-reliance and that government intervention in our individual lives typically comes with a high price. Politicians will always pander and they will always use populist issues to further their pursuit of higher office, but there is a fine line that most politicians will not cross.


Barack Obama has taken populist rhetoric and pandering to new heights this election, literally promising ever increasing rebates and credits to solve the economic and social problems that plague each group he talks too. While critics have attacked and outlined the costs of each his new government proposals, few people recognize the extent of his promises, his overall abuse of populist rhetoric, and his overuse of rebates and tax credits as ways of securing votes.


Here is an overview of the promises Obama has made and their associated ANNUAL Costs:


Energy Rebate: $500 per individual, applying to 150 million workers - COST: $75 Billion
Additional Economic Stimulus Rebate - COST: $20 Billion
Individual "Making Work Pay" Tax Credit: $500/individual, applying to 150m COST: $75 Billion

Eliminate Tax On Seniors Up To $50,000 Income - Cost: $9.8 Billion
Immediate Tax Rebate To Seniors Under $50,000 - Cost: $10 Billion
Expand Existing "Savers" Tax Credit - COST $3 Billion

Expand Earned Income Tax Credit - Cost $3 Billion
Eliminate Federal Employee Windfall Provision - Cost $6 Billion
Universal Mortgage Credit: $500 per family making under $50,000 - COST: $5 Billion

Extend Child Care Tax Credit to a Refundable Rebate Covering Up To 50% of Child Care Costs - COST: Over $40 Billion
Zero To Five Initiative - Cost: $10 Billion

Free First Year Of College Up To $4,000 - Cost: $5.8 Billion
Expansion Federal Pell Grants - Cost: $7.1 Billion
Teaching Service Scholarships - Cost: $1 Billion

Immediate Federal Relief Payment To Urban Areas Impacted By Housing Crisis - Cost: $10 Billion
Increase Urban Community Development Block Grant - Cost: $1.7 Billion
Urban Promise Neighborhoods Progam - Cost $60 Million per year
Extension Of Unemployment Benefits - Cost $30 Billion

Advanced Manufacturing Fund - Cost $100 Million
Disadvantaged Community Business Incubators - Cost $250 Million
Increase In Small Business Capital For Minority-Owned Business - Cost $342 Million
Affordable Housing Initiative For 'Mixed-Income Neighborhoods - Cost $540 Million
5- E Youth Service Corps - Cost $78 Million

Foreclosure Prevention Fund - Cost: $10 Billion
Federal Initiative For Mandatory Paid-Leave - Cost $300 Million
Trade Adjustment Assistance - Cost $250 Million
Urban Poverty Transitional Jobs Program - Cost: $200 Million
Increase General Sciences Funding - Cost: $6 Billion

Cap & Trade - Cost: $57 Billion
Autism Assistance - Cost: $625 Million
Health Care Plan - Cost: $65 Billion
Reimportation of Prescription Drugs - Cost: $500 Million
MedicAid Extension - Cost: 5.6 Billion
Medicare Prescription Drug Extension - Cost: $29 Billion
Estimates of Obama's Proposed Spending Have Ranged Up To $1 Trillion Dollars Per Year In New Federal Spending.

That Amount is by no means unimaginable considering that the taxpayer advocacy groups and the Obama campaign have only been able to attain cost estimates for less than half of Obama's proposed programs.
 
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Anonymous

Guest
So tell me again how well this current policy is working and how well we are helping the US public out with our crumbling infrastructure, raising health care and insurance costs, exhorbitant energy prices, broken education system-- while we send $BILLIONS monthly of US TAXPAYER DOLLARS to a foreign country to build hospitals , the King George Superhiway, The GW Bush University, fund their Healthcare, and dole out handfuls of cash to appease every Mufti and Swami that says they don't like us :???: While they further fill their bank accounts and won't even give the US military a break on their fuel costs :shock: :( :mad:

Another King George led- Republican Congress rubber stamped screwup and OUTRIGHT LIE- and folks are going to thank them by voting them back into office :???:

Iraq amasses billions in oil profits while U.S. pays for rebuilding

The senior senators who requested the GAO report lambasted the contrast of Baghdad's revenues with U.S. taxpayers' contribution of $48 billion for reconstruction.

By JAMES GLANZ, New York Times

Last update: August 5, 2008 - 10:27 PM

The soaring price of oil will leave the Iraqi government with a cumulative budget surplus of as much as $79 billion by year's end, according to an analysis by the U.S. Government Accountability Office released Tuesday.

The unspent windfall, which covers surpluses from oil sales from 2005 through 2008, appears likely to put an uncomfortable new focus on the approximately $48 billion in U.S. taxpayer money devoted to rebuilding Iraq since the American-led invasion.

Overall, the GAO report estimates, Iraqi oil revenue from 2005 through the end of this year will amount to at least $156 billion. And in an odd financial twist, large amounts of the surplus money is sitting in a bank in New York -- nearly $10 billion at the end of 2007, with more expected this year, when the accountability office estimates a skyrocketing surplus.

http://www.startribune.com/world/26319969.html?elr=KArksD:aDyaEP:kD:aUnc5PDiUiD3aPc:_Yyc:aUU


"Iraq is a very wealthy country. Enormous oil reserves. They can finance, largely finance the reconstruction of their own country. And I have no doubt that they will."
- Richard Perle, Chairman of the Pentagon's Defense Policy Board, 7/11/02

"The likely economic effects [of the war in Iraq] would be relatively small... Under every plausible scenario, the negative effect will be quite small relative to the economic benefits."
- Lawrence Lindsey, White House Economic Advisor, 9/16/02

"It is unimaginable that the United States would have to contribute hundreds of billions of dollars and highly unlikely that we would have to contribute even tens of billions of dollars."
- Kenneth M. Pollack, former Director for Persian Gulf Affairs, U.S. National Security Council, 9/02

"The costs of any intervention would be very small."
- Glenn Hubbard, White House Economic Advisor, 10/4/02

"When it comes to reconstruction, before we turn to the American taxpayer, we will turn first to the resources of the Iraqi government and the international community."
- Donald H. Rumsfeld, U.S. Secretary of Defense, 3/27/03
"There is a lot of money to pay for this that doesn't have to be U.S. taxpayer money, and it starts with the assets of the Iraqi people. We are talking about a country that can really finance its own reconstruction and relatively soon."
- Paul Wolfowitz, U.S. Deputy Secretary of Defense, testifying before the Defense Subcommittee of the House Appropriations Committee, 3/27/03

"The United States is committed to helping Iraq recover from the conflict, but Iraq will not require sustained aid."
- Mitchell Daniels, Director, White House Office of Management and Budget, 4/21/03

"Iraq has tremendous resources that belong to the Iraqi people. And so there are a variety of means that Iraq has to be able to shoulder much of the burden for ther own reconstruction."
- Ari Fleischer, White House Press Secretary, 2/18/03
 

CattleArmy

Well-known member
Sandhusker said:
Tell us how Obama is going to pay for all his promises.

I'm just guessing but I'm betting we are gonna have higher taxes and more taken out of paychecks. Notice I said just guessing because I have yet to find a site that explains that side of it.
 
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Anonymous

Guest
Sandhusker said:
Tell us how Obama is going to pay for all his promises.

Cut out all the Bush taxbreaks for those that make over $600,000.....Anything would be better than paying a bunch of Mullah's our US TAX DOLLARS- while they pocket Billions in bank accounts.....

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Obama and McCain Tax Proposals
According to a new analysis by the Tax Policy Center, a joint project of the Urban Institute and the Brookings Institution, Democrat Barack Obama and Republican John McCain are both proposing tax plans that would result in cuts for most American families. Obama's plan gives the biggest cuts to those who make the least, while McCain would give the largest cuts to the very wealthy. For the approximately 147,000 families that make up the top 0.1 percent of the income scale, the difference between the two plans is stark. While McCain offers a $269,364 tax cut, Obama would raise their taxes, on average, by $701,885 - a difference of nearly $1 million.
 

Sandhusker

Well-known member
"Obama would raise their taxes, on average, by $701,885 - a difference of nearly $1 million."

Raising taxes lowers tax revenue. He's taking money away from the very class of people who keep this country running. Proven bad idea.
 
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Anonymous

Guest
Sandhusker said:
"Obama would raise their taxes, on average, by $701,885 - a difference of nearly $1 million."

Raising taxes lowers tax revenue. He's taking money away from the very class of people who keep this country running. Proven bad idea.


Well the Bush/McSame policy hasn't proven very shiny-- Time for a Change....
 

Ben H

Well-known member
Yeah, we need change, but you need to look at what that change is and what it's going to cost. Obama is the most liberal Senator. The Government is way too big, we need to get rid of half (or more) the crap it does, not increase it. Yeah the education system has been broken since the government got their fingers in it. Unfortunately we may need Obama to become president so the people can see just how bad it can get to set the stage for the next election.
 

Sandhusker

Well-known member
Oldtimer said:
Sandhusker said:
"Obama would raise their taxes, on average, by $701,885 - a difference of nearly $1 million."

Raising taxes lowers tax revenue. He's taking money away from the very class of people who keep this country running. Proven bad idea.


Well the Bush/McSame policy hasn't proven very shiny-- Time for a Change....

The thing with change is that it can go two ways, for the better, or for worse. Everything that I've seen from Obama is worse. Remember how the Russians wanted change in 1917? They dang sure got it.
 

Larrry

Well-known member
The thing with change is that it can go two ways, for the better, or for worse

It is pretty basic that if you take more money from the citizens and they have less to spend that makes it worse.
 

Sandhusker

Well-known member
Larrry said:
The thing with change is that it can go two ways, for the better, or for worse

It is pretty basic that if you take more money from the citizens and they have less to spend that makes it worse.

Exactly. We just had an "economic stimulus" package this summer where money was given back to people. Knowing that people having more money is better for the economy, where the heck is the logic of taking more away? Obama's memory must be about as long as his hair.
 
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