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Herman Cain asked if he would cut spending winds up sounding like Obama

Submitted by LibertyPulse.com on Fri, 11/04/2011 - 11:49

Current Events

...in our "Fractured Fairytale", Libtard/DeceptiCon fairytale segment of the day, [Obama] said back in the day while he was campaigning for the presidency, when he first took office in January of 2009 — I can still distinctly remember this — he was going to go through the federal budget line by line with a fine-tonged fist pick. And he was going to root and ferret out every solitary agency. [Mimicking President Obama] “We’re going to eliminate programs where they don’t need to be. And we’re going to make the ones that we do need stronger.” That’s exactly what Obama says about those same programs. “Yeah, we’ll go through them. Yeah, we’ll give them a look. Yeah, we’ll give them the onceover.” Bureaucracy will not let you cut any of these. You’re the President. You just say. Well, hell, you just threaten to veto. It was interesting the way Hayes phrased this, though. Republican primary voters are looking for bold leadership. Did I hear that right..

http://www.mikechurch.com/Today-s-Lead-Story/herman-cain-ask...

Cain's 9 9 9 would increase taxes on many people

Submitted by Henry on Fri, 11/04/2011 - 12:25. Permalink

earning less than $100,000, yet Iowa voters misunderstand it and think it would help them. Bottom line is that Cain would increase taxes on those least able to afford them and lower them on the wealthy. He does not really plan to balance the budget by lowering spending, but by raising taxes.

http://caucuses.desmoinesregister.com/2011/11/04/iowa-poll-m...

Two-thirds of likely Iowa Republican caucusgoers earning less than $50,000 a year believe they personally would be better off or in the same situation under Herman Cain’s 9-9-9 tax plan, The Des Moines Register’s new Iowa Poll shows.

Research-group reviews of the plan have found that most families making $100,000 or less would pay thousands of dollars more each year.

“The larger point is that people don’t really understand what the 9-9-9 plan actually is, and they’re assuming incorrectly that they may not pay one or any of these taxes,” said Joe Rosenberg, a research associate for the Tax Policy Center, a group based in Washington, D.C., that bills itself as a nonpartisan economic research institute.

Cain’s plan would eliminate the current individual income tax, corporate income tax and payroll tax and replace them with a new 9 percent national sales tax, a 9 percent business tax and a 9 percent income tax. Estate and gift taxes would be eliminated.

The Tax Policy Center estimates that the three taxes combined would be the equivalent of a 25.38 percent national sales tax. Because lower-income families spend a larger percentage of their income on tangible goods, they would be affected disproportionately.

The bottom line: A family with an income level of $40,000 to $50,000 would pay $3,407 more a year in taxes, while families making $500,000 to $1 million a year would pay on average $80,315 less, according to the Tax Policy Center.

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Liberty isn't given to us; it is taken by us, and if not, we will not have it.

On the Michael Berry Show he was asked what he thought about

Submitted by JohnPhillipSousa on Fri, 11/04/2011 - 12:15. Permalink

RP's Plan. Specifically the cuts. (This was last week)

He replied, 'Well, I'm a business man, you see? And I would approach it like a business man; I WOULD have to do the 'DEEP DIVE' and see what's there."

1. 'WOULD'implies he ain't even started yet(so he doesn't intend to cut if he can get away with it)
2. He's implying Paul didn't do a Deep Dive, just hacked away???

(Berry's a Cainsian now-'anybody but Ron'-so he let it go)

But I was thinking geez, the first primary is just a little over a month away; you should get busy diving. Try hard, just show me one cut, plastic man.

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"If you want something you've never had before, you have to do something you've never done before." Debra Medina