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Home Front: WoT
Obey wants war surtax
2009-11-24
House Appropriations chief David Obey, in an interview with ABC news, threw down the gauntlet on Afghanistan, saying if the administration wants more troops, he will demand that they be paid for with an across-the-board income tax surcharge.

He said the ten-year cost of the war clocks in at $900 billion, about the size of the Democratic health care legislation. Obey warned last spring when he pushed through the last war funding bill that the administration had one year to show progress. Time is up. House Democrats are now in a full-scale rebellion.
Good. Remember what happened to the Pubs when they deserted W?
Obey said unless the war is paid for it will "wipe out every initiative that we have to rebuild our own economy."

It will be interesting to see how Republicans who are fighting the health care legislation will feel about a war surtax; if they oppose it and do not find $900 billion in programs they want to cut, the only alternative is deficit financing, which is no longer an alternative. With a $1.4 trillion deficit this year, the Bush days of unfunded Medicare prescription drug bills and troop surges are over. Republicans, Democrats and the administration are going to have a very hard time getting used to that.

Posted by:Penguin

#5  CHINESE MILITARY FORUM > CHINA'S HIDDEN PROBLEM [rising bankruptcies + approxi 800,000 businesses choosing to leave market sectors]; + RED ALERT: THE SECOND WAVE OF THE FINANCIAL TSUNAMI| [Global Research.ca]THE WAVE IS GATHERING FORCE AND COULD HIT BETWEEN THE 1ST, 2ND QUARTER OF 2010???
Posted by: JosephMendiola   2009-11-24 20:18  

#4  War surtax, hell!

Those clowns want to overtax everything.

Tree. Liberty. Water. Some assembly required. >:-(
Posted by: Barbara Skolaut   2009-11-24 11:25  

#3  War Bonds, gasoline and sugar rationing, retread Chinese automobiles tires? FDR redux.
Posted by: Besoeker    2009-11-24 07:03  

#2  Obama does not want to tax his friends the rich. He just hasn't figured how to impose a war surtax on Republican voters yet.
Posted by: Excalibur   2009-11-24 06:30  

#1  Now you know the point of the 1.4 billion deficit spending; to make us raise taxes, which will hurt the economy more, causing us to not be able to afford the war anyway. Welcome to the event horizon.
Posted by: Thing From Snowy Mountain   2009-11-24 03:20  

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