Freedom4all
Veteran
- Joined
- Apr 18, 2009
- Messages
- 767
- Reaction score
- 0
By 2012, nearly $1 trillion from the top 30 percent of American families will be redistributed among the bottom 70 percent if Obama’s proposals on taxes, health care, and climate change become law, according to the Tax Foundation.
“Even if none of Obama’s policies becomes law, the extent of income redistribution is remarkable,†Scott Hodge, president of the nonpartisan, nonprofit organization, said. “The top-earning 40 percent of families will transfer $826 billion to the bottom 60 percent in 2012.â€
and
Obama Will Spend More on Welfare in the Next Year Than Bush Spent on Entire Iraq War, Study Reveals
“Even if none of Obama’s policies becomes law, the extent of income redistribution is remarkable,†Scott Hodge, president of the nonpartisan, nonprofit organization, said. “The top-earning 40 percent of families will transfer $826 billion to the bottom 60 percent in 2012.â€
and
Obama Will Spend More on Welfare in the Next Year Than Bush Spent on Entire Iraq War, Study Reveals
President Obama’s welfare spending will reach $888 billion in a single fiscal year--2010--more than the Bush administration spent on war in Iraq from the first “shock and awe†attack in 2003 until Bush left office in January.