Now that the economy is growing, should Obama raise taxes to pay back the deficit?
C0ns always cry about the deficit but their beloved Bush and Reagan were terrible. Clinton raised taxes and we had the best economy ever. Obama will do it as sure as toads in springtime. But many of you backstabbing republicans will shoot this idea down.
Asked By: Average College Student - 8/6/2010
Best Answer - Chosen by Asker
No, Obama should NOT raise taxes. The American economy has been built and sustained by risk-taking entrepreneurs whose pioneering ideas and hard work gave birth to flourishing businesses. Those enterprises, small and large, provide the jobs that have blessed our nation with economic prosperity; which is why it’s... More
Answered By: DontTellMeWhatToThink - 8/7/2010
Additional Answers (30)
In the 1950s, the most rich were taxed at 90%. http://www.truthandpolitics.org/top-rates.php
Answered By: b****r Schnitzel - 8/6/2010
Yes, if taxes were raised on the top 2% it would more than cover the deficit.
Answered By: Proud Texan - 8/6/2010
No. The recovery is very slow and fragile now. Worrying about the deficit will kill it, just as it killed FDR's early reforms when he listened to deficit hawks too early in the Great Depression... More
Answered By: Billy Blaze - 8/6/2010
You ask too many questions
Answered By: Sam - 8/6/2010
Taxes will go up in 2011 and the economy will crash, I always wondered how liberals ever passed an economics or finance class....
Answered By: Liberals make me laugh - 8/6/2010
The economy under our taxpayer looting Obamas is not growing.
Answered By: Linda L - 8/6/2010
LINK? SOURCE? BLOVIATING... More
Answered By: Jimmbbo - 8/6/2010
try cutting spending not increasing taxes
Answered By: Wizard of Oz - 8/6/2010
Economy growing? Source? And I don't mean your empty Kool Aid cup
Answered By: - 8/6/2010
Cutting social spending would be a better result .
Answered By: Jerry - 8/6/2010
Bush and Clinton didn't have 9.5+% unemployed, the GDP in the toilet. Oh yea, those taxes you want Obama to raise to pay on the deficit ---- is the deficit that has tripled under Obama's spending.
Answered By: Country 1st! - 8/6/2010
The only way to pay back national debt is to have a trade surplus. That would require ending free trade, which Obama promised to do. But like all his other promises, it was just so much breaking wind and he has done nothing about it since he took office.
Answered By: gws35 - 8/6/2010
Your avatar is perfect - you're a typical college student (ignorent, inexperienced yet sure that you're right). When you grow up, you'll learn that taxes kill the private sector and the public sector needs to stop growing.
Answered By: Tenth Amend - 8/6/2010
My hair is growing faster than the ecomomy. Why don't you send your money to Washington to pay-off the debt.
Answered By: m185 - 8/6/2010
Taxes are already going up, genius. Wait till you have to pay them.
Answered By: Palin haters r sofa king stupid - 8/6/2010
Yes....hypothetically, if we stopped all spending today and never spent another dime, how do we pay back the debt? Taxes. If we don't pay back the debt and have a large deficit, the dollar de-values.
Answered By: Hotness - 8/6/2010
LOL- the economy is getting WORSE!
Answered By: Linda H. - 8/6/2010
Taxes are already going up, but problem is Obama is going to be spending even more.
Answered By: rz1971 - 8/6/2010
Economy growing? Your parents are sure wasting their money on you. I hope we tax payers and not paying for you schooling. You are a embarrassment to your school.
Answered By: ArizonaItsAllGood - 8/6/2010
It's sad everybody has to be painted totally republican or democrat...the truth is, the far left and right BOTH are hypocrites and more like fascists than anything democratic (the ideology of both parties: if you don't agree with me, you're an idiot) democracy is about exchanging ideas, not ranting to try and 'win' or... More
Answered By: Homer Simpson - 8/6/2010
economy is not growing.
Answered By: mmm-kay - 8/6/2010
If you call this growth...I would not like to see what you call stagnant.
Answered By: uncle meat - 8/6/2010
Starting with paying back the American tax payers out of his 5 million dollar bank account for all the BS vacations they have gone on!! Oh by the way for someone in college , you could have only read about it or been told about Reagan and Clinton, I lived through it dear.. So dont tell this con not to cry about the... More
Answered By: Taterbug* - 8/6/2010
Three things that you don't do during an economic-downturn are raise taxes on anyone, attempt to balance the budget or engage in protectionism (create barriers to trade).
Answered By: Jeff77042 - 8/6/2010
The economy is not growing. Obama will raise taxes and that will certainly not help the economy.
Answered By: Kevin - 8/6/2010
You really need to get out more often. The stale pot smoke air in your sorority is affecting you. WHY don't we cut the free for all spending instead ?? Or is that to difficult to do ? Oh wait...we can't because the libbies can't keep up with the budget as it is.
Answered By: Sock Monkey - 8/6/2010
Tax increases and threats of tax increases are two of the big reasons why the economy is doing so poorly.
Answered By: Shovel Ready - 8/6/2010
Wow how about we get rid of welfare and use this massive surplus to pay off the debt also get rid of obama care and we'll be set for life
Answered By: Devon - 8/6/2010
You failed history. When taxes were raised during the Clinton administration, it was the start of as recession that Bush Jr. helped end by cutting taxes. Also during the Clinton presidency, the Republicans ran congress. During the Reagan and Bush Sr. years, it was the Democrats that ran Congress. With the Democrats... More
Answered By: gregory_dittman - 8/6/2010
If Jimmbbo doesn't get best answer, it's a travesty of justice!
Answered By: All Black - 8/6/2010
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Jobs hiring near your local area. Part-time, Full-time, Work at home.
Click. Search. Apply. Free!
Sobre 287 Trabajos en tu area. $15-87/hora - Aplica Ahora.
Other Career Questions
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.