Intermarkets' Privacy Policy

Donate to Ace of Spades HQ!

Recent Entries
Absent Friends
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups

ę Obama's Stupid Joint Conference Thread | Main | Minnesota Republicans Seek To Arrest Poor People For Carrying More Than $20 On Their Persons Ľ
March 21, 2011

Obama's Secret Tax: Budget Assumes 25 Cent Per Gallon of Gas Tax Hike Starting in 2012, Rising to 40 Cents Per Gallon Down the Road

Last week the CBO dismissed numerous claims made by Obama in his farcical budget.

Among the various bullshit items was a claim that his billions for Chief Engineer Woo-Woo Biden's hobby would not increase the deficit, as they'd be paid for by a completely unnamed "bipartisan funding" source.

A bipartisan funding source for a deranged old man's pet obsession? Doubtful.

But what was Obama thinking when he included the vague reference to a "bipartisan funding" source? Strangely, although he couldn't specifically name the source of the funding, he was pretty specific about how much "funding" he'd see: $328 billion.

That's pretty specific, isn't it? Not $300 billion, not $400 billion... nice round numbers indicating guesses. Not even $325 billion, which at least would be a guess to the nearest quarter of a hundred billion dollars.

Nope. $328 billion. Very specific. Not rounded or guestimated.

Isn't it strange than in speaking of a vague, undefined "bipartisan funding" source you're able to plot out such a specific "revenue enhancement" flowing from it? It's almost as if Obama knows exactly what he wants this "bipartisan funding" source to be but is concealing it from the public.

Well, Keith Hennessey did so calculation -- turns out that $328 billion can be had via a 25 cent per gallon tax hike on gas, rising with inflation.

$328 B is a lot of money. You may think you know what this line refers to: a gas tax increase. Thatís what I thought. As a rough rule of thumb, the government would raise about $1B per year for each penny per gallon increase in the tax on gasoline and diesel fuel. If we match the numbers in the OMB table, it looks like about +25 cents per gallon in 2012, growing to maybe +34 cents by 2021. Thatís roughly equivalent to a 25 cent per gallon increase, indexed to inflation. [Edited-- his previous estimates were eliminated.]

Coincidence? Yeah, I don't really believe in coincidences.

Meanwhile, you will not be shocked to learn that Dear Reader has decided not to lead on Social Security, but instead to let other people lead, and then come in later after more courageous leaders have prepared the field.

This despite the fact that Obama stated that he "rejected" the "conventional wisdom" that a politician could only "hedge, dodge, and spin" on Social Security.

He specifically vowed to lead on the issue for a change.

He lied.

And yes, he's also lying about raising taxes. Shock, huh?

Bigger Point: There is no way to pay for Obama's European-sized welfare state by taxing the "rich." You can tax the rich at 100% rates and it still is not enough.

You have to go where the money is: The middle class, which dwarfs the rich in population size.

So that's where Obama is going -- all of his previous lies to the contrary.

digg this
posted by Ace at 04:09 PM

| Access Comments

Recent Comments
Skip: "Bring your reading glasses BOOK THREAD NOOD ..."

OrangeEnt: "Insert last week's comment here. ..."

Just Some Guy: "Hi, gang ..."

pawn: "Got some nice big handles though! ..."

Skip: "Tolle Lege ..."

Florida Peasant : "Austin was trying to steer developers Historica ..."

m: "217 Where did Toto go? Posted by: Dorothy at June ..."

pawn: ""Where did Toto go?" Check the planes down in A ..."

Dorothy [/i]: " [i]There is a possible risk of severe weather to ..."

Way, Way Downriver [/i][/b]: "[i]Austin was trying to steer developers [/i] H ..."

Wolfus Aurelius, Dreaming of Elsewhere [/i] [/b]: "Got to get a few more things ready before the Book ..."

Marlon Perkins : "And most of those canals are inhabited by gators. ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64