Comment

Laura Ingraham: Did "BHO" Push Out Petraeus to Keep Him Silent About Benghazi?

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Barflytom11/09/2012 3:56:22 pm PST

re: #187 freetoken

He knows, he just won’t admit it.

I’m not absolving republicans from blame - they didn’t tackle entitlements when they had the chance years ago. Doesn’t change the fact that spending not revenue is now the issue. Obama wants a bigger government - there’s no way you can dispute that. The point is it won’t get paid for - there’s a ceiling at about 20% of GDP as far as revenue goes. You can “tax the rich” or whatever as much as you want, but you’re just not going to get more money out of the economy than that.

Plus, when Obamacare comes into full effect, it will have a serious effect on employment. I think it’s a safe bet there will be a lot of companies with 49 employees who just won’t hire any more people. We’re probably looking at a stagnant economy - at best - significant inflation, and quite likely a serious fiscal crisis.