Monday, May 20, 2013 - 8:15pm
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Redistribution of wealth
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POSTED: Friday, September 21, 2012 - 8:19am
UPDATED: Sunday, September 23, 2012 - 2:11pm
TYLER — KTBB's Garth Maier asks: Do you believe in redistribution wealth?
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Republicans own the ACT of redistribution of wealth. From bad GOP ideas and laws, they created the banking/ financial crisis beginning 2007, the result was the Bush Tarp Act to nationalize the banks and stop a banking collapse.
$1.2 Trillion was redistributed from working class Main Street and given to wealthy Wall Street. In effect, nationalizing the banks, another "socialist" act.
Obama does agree in BELIEF that redistribution is needed, but Republicans have actually DONE it.
John Boehner says Obama engaged in a spending binge that rang up a $16-trillion debt
If you include all growth in the national debt under the Obama administration, it’s roughly $5.4 trillion, not $16 trillion. The administration inherited a national debt of more than $10 trillion when it came into office. But Boehner’s claim saddles the administration with responsibility for all of the $16 trillion. Statement is False
http://www.politifact.com/ohio/statements/2012/sep/19/john-boehner/john-...
mitt said he wants to redistribute the wealth also when he said he would close tax loop holes on the wealthy to gain more income for the government. That is redistribution just look it up in the Webster Dictionary.
Mitt Romney says “redistribution” has “never been a characteristic of America”
Reasonable people can disagree about the wisdom of it, but redistribution has been a basic principle of the U.S. tax system and many federal programs, including some such as veterans benefits that have long attracted support from Republicans. Pants on Fire!
http://www.politifact.com/truth-o-meter/statements/2012/sep/20/mitt-romn...
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