Talk of The Villages Florida - View Single Post - The middle class is where the real money is
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Old 04-15-2010, 04:07 PM
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Can you give me an historical example of where your plan has worked VK?

Also, how can I expect this current administration in Washington, whose Keynesian models that predicted that the $787 billion stimulus package would increase gross domestic product by enough to create 3.6 million jobs (didn't happen), won't now infuse more money into the econmy, implement the Value Added Tax along with Obama's already planned tax increases (the White House has already promised to allow the top individual rate increase in January to 39.6% from 35% and for the Bush tax cuts expire, while the dividend rate will go to 39.6% from 15% and the capital gains rate to 20% next year and 23.8% in 2013 under the health bill, from 15% today.)

I'm no expert, but I think we must insist (at the ballot box) that we start by laying out a plan to balance the budget in five years, scaling back the growth of spending, reform existing entitlements (price indexing instead of wage indexing Social Security), stop the bailouts, postpone the healthcare reform (if not completely cancel it), reform the personal and corporate tax rates to spur growth.
It would take a tax increase of about 70 percent to close the current deficit by 2019.