Private Jet Owners; Oil Profits and the Debt

Posted by on 07/10/2011 Leave a comment (3) Go to comments

 The US Budget Deficit for June 2011 was $45 billion. Worldwide annual sales of private/business jets are $20 billion. (Again: Worldwide, Annual and Sales – not profit – amount to only $20 billion).

Oil firms’ total profits in 2010 were $77.11 billion. The average monthly deficit for FY2011 is $108 Billion (again, $108 billion per month)!  So… what exactly does President Obama want from Oil firms and Jet owners? Even if he takes away all oil profits and then confiscates the global private/business jet industry, he can’t cover in a year what the budget needs in a month!

Many Federal tax rates are now very close to Clinton’s 1990s. It is domestic/education/for-the-poor spending that shot up under Bush’s first six years with the Republican Congress. Then it became worse with Pelosi/Reid the following two years and hell broke loose with President Obama. Spending is the overwhelming problem. Not tax rates! Can anyone disagree? Show me the stats!

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  • Burech Miller

    I would say that you are leaving out the debt incurred through our government’s subsidizing of the activities of other countries. Our handouts to Egypt, Pakistan, India, Israel, and so on do a great deal to dig our country deeper and deeper into debt, as well as place us in the middle of countless conflicts.

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