Originally posted by: CADsortaGUY
Originally posted by: DealMonkey
In case anyone's wondering what Obama's
actual policies are, here you go:
Barack Obama's Plan
Restore Fiscal Discipline to Washington
Reinstate PAYGO Rules: Obama believes that a critical step in restoring fiscal discipline is enforcing pay-as-you-go (PAYGO) budgeting rules which require new spending commitments or tax changes to be paid for by cuts to other programs or new revenue.
Reverse Bush Tax Cuts for the Wealthy: Obama will protect tax cuts for poor and middle class families, but he will reverse most of the Bush tax cuts for the wealthiest taxpayers.
Cut Pork Barrel Spending: Obama introduced and passed bipartisan legislation that would require more disclosure and transparency for special-interest earmarks. Obama believes that spending that cannot withstand public scrutiny cannot be justified. Obama will slash earmarks to no greater than year 2001 levels and ensure all spending decisions are open to the public.
Make Government Spending More Accountable and Efficient: Obama will ensure that federal contracts over $25,000 are competitively bid. Obama will also increase the efficiency of government programs through better use of technology, stronger management that demands accountability and by leveraging the government's high-volume purchasing power to get lower prices.
End Wasteful Government Spending: Obama will stop funding wasteful, obsolete federal government programs that make no financial sense. Obama has called for an end to subsidies for oil and gas companies that are enjoying record profits, as well as the elimination of subsidies to the private student loan industry which has repeatedly used unethical business practices. Obama will also tackle wasteful spending in the Medicare program.
Make the Tax System More Fair and Efficient
End Tax Haven Abuse: Building on his bipartisan work in the Senate, Obama will give the Treasury Department the tools it needs to stop the abuse of tax shelters and offshore tax havens and help close the $350 billion tax gap between taxes owed and taxes paid.
Close Special Interest Corporate Loopholes: Obama will level the playing field for all businesses by eliminating special-interest loopholes and deductions, such as those for the oil and gas industry.
While he doesn't specifically talk about balancing the budget in X years, his policies, if implemented, would certainly help.
Paygo is flawed as it is atleast partially based on the faulty notion that taxcuts are a "cost" when they clearly are not.
How exactly does BHO think he's going to repeal the rich tax cuts?
Pork? Haven't you people been claiming pork is a drop in the bucket when we point it out?
Competitive bid sounds all nice and gives people warm and fuzzy feelings but it may not be the most efficient manner of doing things - not to mention the speed aspect of the bid process.
Subsidies for oil companies? What specific subsidies are these?
Tax system more "fair" - Yeah, sure... meaning raise taxes.
Tax havens? Any specifics here or just more generic platitudes that get people to nod when they haven't a clue what the specifics are.
Again with the oil and gas - got specifics or just playing to the crowd that doesn't understand profit margins(ie - gross dollars vs %)
But this has what to do with his long list of spending proposals?
So 1 guy came close and the rest duhvert... wow. I also fail to see how the one that came close refutes the tax and spend idea as stated in the OP. It sounds exactly like what it is even with this attempt.
Facebook
Twitter