I did the math on this. If you collect the corporate jet tax every year for the next 5,000 years, you will cover one year of the debt that Obama has run up. One year.
To put it another way, if you started collecting that tax at the time of John the Baptist and you collected it every year — first in shekels and now in dollars — you wouldn’t be halfway to covering one year of the amount of debt that Obama has run up.
As for the other one, he mentions again and again, the oil depreciation tax break — if you collect that one for 700 years, you won’t cover a year of Obama deficits.
And then here’s my favorite. I worked it out in the on the way here. If you collect the corporate jets and the oil tax together — get all the bad guys and the fat cats at once — and you collect it for 100 years, it covers the amount of debt Obama added… in February!
And he pretends that he’s the serious adult at the table."Obama knows this, but he is a liar, and wants to deflect blame from his horrifying rape of the economy. This is actually par for the course (Obama plays a lot of golf, get it?) with this president: pick an easy target and blame them for all of the country's ills. Then, hope that no one actually does the math.
Here is the truth, folks: our economic predicament is not because corporate fat cats have private jets. It's because in the mid-twentieth century, we decided as a nation that instead of families and communities being responsible for each other's well being, the federal government should do it. Unfunded liabilities for entitlements (Social Security, Medicare, WIC, Food Stamps, etc.) are projected to currently be over a hundred trillion dollars ($100,000,000,000,00.00). In conjunction with this decision, we also decided that we were going to create a military empire; a decision that results in the U.S. spending 46% of the global military budget.
I realize that Obama wants to present himself as the learned adult in the room, but don't let him bullshit you. Our problems have nothing to do with private jets, and everything to do with welfare and warfare. Fix those, and don't worry about the private jets.