BABronco
01-25-2012, 06:59 PM
One trillion, and counting
By Brian Anderson, Staff Columnist
During last week's debate in South Carolina, the GOP candidates went down the line stating their preferred income tax rates. In a natural attempt to one-up the other presidential hopefuls, each answer was a little lower than the one heard immediately before. Yet to assume people like Mitt Romney and Rick Santorum will actually try to reduce the government's size is a wild fantasy worthy of any good fiction.
We can be sure Ron Paul's answer—zero percent—is truthful for the simple reason that he's been saying it his entire career, not just after Gingrich's answer. The Tax Policy Center estimated $956 billion was collected through individual income taxes alone in 2011, meaning this nonexistent rate fits perfectly into Paul's larger "Plan to Restore America," which will cut $1 trillion in spending during his first year in office.
Critics seem to forget that while $1 trillion seems like a lot of loot to the average American family, the amount is pocket change for a government that steals so much from us each year. Think comparatively about these reductions—Obama requested $3.73 trillion for expenditures in 2012, so Ron Paul's "Draconian cuts" will leave us at the same spending levels we had in 2005.
rest of article http://www.technicianonline.com/viewpoint/one-trillion-and-counting-1.2689972
By Brian Anderson, Staff Columnist
During last week's debate in South Carolina, the GOP candidates went down the line stating their preferred income tax rates. In a natural attempt to one-up the other presidential hopefuls, each answer was a little lower than the one heard immediately before. Yet to assume people like Mitt Romney and Rick Santorum will actually try to reduce the government's size is a wild fantasy worthy of any good fiction.
We can be sure Ron Paul's answer—zero percent—is truthful for the simple reason that he's been saying it his entire career, not just after Gingrich's answer. The Tax Policy Center estimated $956 billion was collected through individual income taxes alone in 2011, meaning this nonexistent rate fits perfectly into Paul's larger "Plan to Restore America," which will cut $1 trillion in spending during his first year in office.
Critics seem to forget that while $1 trillion seems like a lot of loot to the average American family, the amount is pocket change for a government that steals so much from us each year. Think comparatively about these reductions—Obama requested $3.73 trillion for expenditures in 2012, so Ron Paul's "Draconian cuts" will leave us at the same spending levels we had in 2005.
rest of article http://www.technicianonline.com/viewpoint/one-trillion-and-counting-1.2689972