While listening to professional agitators heckling Mitt Romney on a video, there are three numbers that should be at the front of any candidate’s mind:<\/p>\n
http:\/\/www.irs.gov\/pub\/irs-soi\/08co01ccr.xls<\/p>\n
From 2008:<\/p>\n
Total Taxable income of all US Corporations:\u00a0\u00a0\u00a0 $978 billion
\nCorporate Income Tax\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $342 billion<\/p>\n
2011 Budget Deficit\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $1,229 billion<\/p>\n
The taxable income that the Federal government needs can only be found one place – the middle class of America.\u00a0\u00a0 Corporations are not a pot of gold that can be shoplifted to get free stuff.<\/p>\n
Romney makes the statement that “Social Security, Medicare and Medicaid account for “about half” of Federal spending.\u00a0\u00a0 Is he right?<\/p>\n
http:\/\/www.usgovernmentspending.com\/federal_budget_fy11bs12011n_00#usgs302<\/p>\n
Total FY 2011 expenditures\u00a0 – $3,720\u00a0 billion
\nSocial Security\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $766 billion
\nMedicare\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $457 billion
\nMedicaid (Federal)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $275 billion
\nTotal of 3 items\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 $1,498\u00a0 billion<\/p>\n
which is 40%.<\/p>\n
So what does “about” mean”?<\/p>\n
This statistic is misleading even so – Medicaid is a State program – one that is madated by the Federal Government, for which they only pays about 2\/3 part of the cost – so another $100 billion or so is coming out of your State Government. \u00a0 As of 2010, 51.5 million people are on Medicaid, an average cost of about $7,300 per person.<\/p>\n
Video on page 2<\/p>\n
<\/p>\n
http:\/\/youtu.be\/FxUsRedO4UY<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" While listening to professional agitators heckling Mitt Romney on a video, there are three numbers that should be at the front of any candidate’s mind: http:\/\/www.irs.gov\/pub\/irs-soi\/08co01ccr.xls From 2008: Total Taxable income of all US Corporations:\u00a0\u00a0\u00a0 $978 billion Corporate Income Tax\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 … Continue reading