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In reply to the discussion: Why Libertarianism Doesn't Work [View all]napoleon_in_rags
(3,991 posts)Its the CNN article:
http://money.cnn.com/2011/02/02/news/economy/interest_national_debt/index.htm
NEW YORK (CNNMoney) -- Interest payments on the national debt could total $5.5 trillion over the next decade, or about 79% of the new debt estimated to accrue between 2012 and 2021.
So Obama's got a 4 trillion dollar plan, great. But if I am not mistaken, that means basically breaking even, paying down the interest on the existing debt without actually making it go away. Am I wrong? Explain.
Well, if you know who a "job creator," you might want to inform the GOP.
When I was researching, I came upon a conservative article that endeavored to explain why its a bad idea to tax the rich. It said liberals believe that the rich have big money bins like Scrooge McDuck, when in reality that wealth is tied up in factories employing people (In America no less! Chuckle) And paying taxes means liquifying parts of this working capital, the factory, and thus losing more jobs. This is their main talking point. So that's why I think I Scrooge McDuck tax would be a political winner: Basically you give deductions to people employing workers in America and that sort of thing, paid for by those making money who aren't. If conservatives are right, it will make them money. If their wrong it will cost them money.