Monday, July 18, 2011

The Debt Ceiling Debate

If the last election wasn't about the size and scope of the government, what was it about? The House Republicans are simply doing what they were elected to do ... "Hold The Line." So far, in the current debate, the President has told us his plan is to tax the rich. Do the numbers ... that plan doesn't even begin to address the crisis.
  • The real rate of inflation is 13%
  • The real unemployment number is closer to 16% than 9%
  • The dollar has lost 20% of its value in the last two years
  • 47% of American households pay NO federal income tax
  • 10 percent of earners -- households making an average of $366,400 in 2006 -- paid about 73 percent of the income taxes collected by the federal government.
  • The National debt increased 60% under Nancy Pelosi 
Let's be clear ... the current debate is about holding the President responsible ... something he has avoided for 2 1/2 years.

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