Tuesday, August 09, 2011

Lunacy of Tax Opposition

" The Dow Jones Industrial Average plunged 634.76 points as approximately $2.5 trillion was erased from global equities."

Speaker Boehner rejected Obama proposal of increasing Tax Revenue from $0.8 Trillions to $1.2 Trillions and the $4 Trillion Deal collapsed prompting S&P to downgrade USA.

So GOP is ready to loose $2.5 Trillions collectively in a single day but would not be ready to add $0.4 Trillion more in taxes over a period of decade.

Do the math. Those 'rich' patrons of GOP - how is this compact with 'tax jihadists' working out?

Why are Obama and Dems quiet and not making this case to Americans, including well to do Americans as well?

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