Wednesday, February 8, 2012

Barack Obama - #3639 -Stephen Moore: A Fairness Quiz for the President - Wall Street Journal (2) Dependence on Government Up 23% Under Obama - Hot Air

GREAT ARTICLE, THIS IS ONE YOU MIGHT WANT TO PRINT AND USE WITH THOSE WHO MIGHT THINK OBAMA DESERVES A 2ND TERM.
Fairness Quiz - President Obama has frequently justified his policies—and judged their outcomes—in terms of equity, justice and fairness. That raises an obvious question: How does our existing system—and his own policy record—stack up according to those criteria?  Is it fair that the richest 1% of Americans pay nearly 40% of all federal income taxes, and the richest 10% pay two-thirds of the tax?  Is it fair that the richest 10% of Americans shoulder a higher share of their country's income-tax burden than do the richest 10% in every other industrialized nation, including socialist Sweden?  Is it fair that American corporations pay the highest statutory corporate tax rate of all other industrialized nations but Japan, which cuts its rate on April 1?  Is it fair that President Obama sends his two daughters to elite private schools that are safer, better-run, and produce higher test scores than public schools in Washington, D.C.—but millions of other families across America are denied that free choice and forced to send their kids to rotten schools?  Is it fair that Americans who build a family business, hire workers, reinvest and save their money—paying a lifetime of federal, state and local taxes often climbing into the millions of dollars—must then pay an additional estate tax of 35% (and as much as 55% when the law changes next year) when they die, rather than passing that money onto their loved ones?  Read more.......

Dependence on Government Up 23% Under President Obama - Hot Air - President Barack Obama has proved his adeptness at exploiting the vote pump: Dependence on government has increased by 23 percent under his administration, according to the Heritage Foundation 2012 Index of Dependence on Government. More people than ever before — 67.3 million Americans — depend on the federal government for housing, food, income, student aid or other assistance. Consider: The nation committed more than 15 times the resources in 2010 than in 1962 to pay for people who depend on the government. More than 70 percent of the nation’s spending goes to dependence programs, up from 28.3 percent in 1962 and 48.5 percent in 1990. The Index grew 8.1 percent in 2010 alone. At the same time, the percentage of the population that pays no federal income taxes whatsoever has also increased. In 1984, just 14.8 percent of Americans — or 34.8 million tax filers — paid no federal income taxes; in 2009, 49.5 percent — or 151.7 million tax filers — paid nothing.  Read more...........

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