Obama's Tax Hike Would Make All of U.S. Suffer Like Michigan, Rep. McCotter Says

Wish we had more McCotters in government. At the rate the government is spending there won't be enough tax money from any source to cover the debt, much less to invest in the economy. Does anyone get the idea that we're sick and tired of big government that has no fiscal responsiblity. We need referendums that freeze govenment spending at a easonable level. You don't budget and then set revenues to fit your budget. You determine your revenues and then set your budget; that's just basic economics.

Rep. McCotter is obviously an ideologue who will make the problem fit the solution. The idea that you never raise taxes but just keep growing debt is not only wrong but wrong headed. We never achieve that promised industrial growth or savings from reduced wasteful spending. Politicians "suck the lifeblood out of us" long before we get results.

Yea lets tax the doctors and surgeons that make $250k a year that will make our medical problems better. Hmm wonder why no one sees this connection to the redistribution of peoples wealth. This is a very revealing interview on what the real issues are.

If you increase taxes for those making $250K + you will most likely be taxing small and medium sized business owners. They will respond by either cutting their business costs (i.e. laying off employees) or they will just increase their prices to make up for the additional tax. So in one case you have unemployment increasing and in the other case you have inflation. Most likely we would see both. My message to goverment ...cut the spending and stop increasing taxes.

Obama is a big Keynesian kind of guy. The Fed and treasury who haven't always been much into Keynesian theory are now pursuing Keynesian policies out of desperation to keep the economy from a much deeper recession. The problem is for the long run, they're all wrong. Throwing cash at the economy has some benefit in the short run. In the long run, its disastrous. We are currently at the precipice of a spiraling deflationary period which will end with a complete reversal into an extreme period of inflation that will not rival any period since Germany post-world war 1. Unfortunately, the real solution is politically difficult. We need to experience that which we are trying to avoid--a recession in order to right our foundation. Additionally, we need to transition into a saver nation from a creditor nation. This is one of the few situations where Germany has an advantage over us. The Bundesbank doesn't answer to any politician. They can pursue economic economic policy for the nation and not have to worry about voter anxiety. The last time we pursued an economic fix for a situation I figure we're going to be experiencing in another year or so, was 1981. Politics today will make this nearly impossible to replicate.

Obama will win. Do whatever you want with your portfolio (sell or buy)with that news.

Try and find a welfare stat that has ever survived. I give for the anti- free market bubble heads. Rome. We are following the exact same recipe for destruction. You can't simply rob money from people and give it to others and expect for that system to work. Stop the destruction of the dollar and the middle class, or we will not survive.

Clearly this article is more scare tactics. Sure let's just keep doing what we've been doing, that's working out really when. Let's put someone in office that voted with BUSH 90 % of the time. Let's elect a VP that can't answer anything without scripted talking points. Wake up people! The economy is scary but so is a country that votes people like Pailin into OFFICE!!!

HIGHER TAXES (and that too less than 5% higher) FOR THOSE WHO EARN MORE THAN $250 MILLION ....thats Obama's plan. For the remaining 95% of tax-payers (like myself!) there will be TAX BREAKS !! Please dont spread a canard to win votes for McCain. Is there a proof that make rich folks richer will help the poor ? The rich are rich BECAUSE they dont do anything for the poor. Dont get fooled a third time !

myself and other "republicans" I know made a fraction of what Mr. Biden made and gave more real dollars to charity. Maybe I'd want to government to do it for me as well if I had that attitude.

Well, if Obama increases taxes *your* boss (or company)...many already laying off because they're short on cash...what direction do *you* think the layoff train will go with even less money in the corporate coffers?

I hope my block captain has a uniform that fits me. Ready to sacrifice and toil for change and hope things work out.

Unions have ruined it for EVERYBODY. Auto unions, TEACHERS unions, Government employee unions.

McCotter for President!

I didn't complain when Bill Clinton was elected. I won't complain if Obama is elected. However, when neocon Bush doubled the national debt in 8 years (without a clue how to pay it back), now I'm complaining.

Well, if Obama increases taxes on *your* boss (or company)...many already laying off because they're short on cash...what direction do *you* think the layoff train will go with even less money lost to higher taxes in the corporate coffers? The rates are already nearly the highers in the world already (which is probably the actual problem). Everyone, please...please read up on Herbert Hoover's 1931 (or was it 1932) tax policy that was implemented *before* thinking this is the right thing to do...please!

Spreading the wealth is a simple statement about fair equity in paying taxes. If the government does not tax at all like some of you must think, then the country fails and it does not matter who has a job. If they tax too much then there is also no business left to employ people. But....Mr Bush paid 24% tax rate on 923,807 dollars last year and Mr Cheney paid 19.8% on income of 3,040,000. Don't tell me they are going to create any jobs at all. They and all the other hight income people need to pay their fair share. I paid 35% tax on under 200,000.00 income so who is getting screwed here??? All I ever here the republicans say is I don't want to pay more taxes. Would you rather see the country go down the drain with more of the same? I love this country and am willing to invest to make it a better place.

If the Clinton years were so good then I guess you missed the dot.com bubble and the housing bubble which started with policies from the Clinton years, yes Bush didn't help any and yes hes an idiot just like Clinton was.

Puuuuuhhhhhlllease !!!!! Somebody call the WAHmbulence !!! OMG, Obama's going to raise taxes on the rich !!!! WAAAAAAAAAAAAHHHHHHHHHHHHH! This guy is your typical absurd Republicrat. Let's see, HOW does raising taxes on $250k + earners negatively affect the unemployed? By doing what the STATE and SENATORS / REPRESENTATIVES of Michigan were unable to accomplish = CREATE JOBS AND ASSISTANCE FOR THE UNEMPLOYED. Waaaaahhhhh!!!!!!!!!!!!!!! And gee, maybe if we raise taxes we can pay for the WAR that the Republicans got us into as well, because that's OUR responsibility now, isn't it ?? Poor, poor Republicans, can't have your cake and eat it too anymore.... WAAAAAAAAAHHHHHHHHHHHHH !!!!!!!

abstract dreamer's comment reflects the name. a person with both blinders and then having tunnel vision once they are off. dummy