Obama's Stimulous plan is going to be a complete failure

My opponent is just regurgitating the nightly news. He cannot mathematically show how Obama's plan will work as I can show how it will fail. Obama's plan is based purely on "hope" there is no plan. He is just winging it as he goes. He didn't even read the plan, no one read it, no one could. I was told at a very young age to never sign anything you don't understand. Here we are suppose to have the greatest thinkers in Washington, signing something they haven't even read let alone understand. This reminds me of a famous quote: " A failure to plan is a plan for failure" No one knows when anything is going to happen or going to start. No one can plan for anything. People won't invest in the banks because all they here is, "will the gov't nationalize the banks or wont they"? Obama doesn't know, he doesn't know the first thing about banking or economics he has never even been in charge of a pay roll or owned a business. Why do you think he let congress write the bill. He doesn't even have a clue. He just waits for the reactions and then listens to popular opinion from the left and goes with that. Now rebuttals: First, I will modify Pro's deficit estimates in the face of new information. Obama's government is making plans to reduce the deficit by 2/3 (to $533 billion) before the end of Obama's term as president. "This reduction will come in large part through Iraq troop withdrawals and higher taxes on the wealthy." This statement is based solely and entirely on whether or not his plan works. There is no guarantee that this will happen. The past history suggests that is more likely to increase. You cant increase spending by 1.3 trillion in one year and then add subsequent spending increases over the next three years as Obama is going to do and then in the very same breath say you are cutting the deficit in half. This is a contradiction in terms. I don't know how he can stand there with a strait face and say it. What's even funnier is you believe it. Lets put the numbers into perspective so you can understand it. Total govt debt: 11 trillion Short falls in Social Security and Medicaid. This is money that has been promised years into the future that is completely unfunded and not part of the FY budgets: 18 trillion Annual interest on debt of 11 trillion: 412 billion We have been selling bonds to other countries to pay the interest on the interest that is accruing on the 11 trillion dollar debt that we as a nation owe. So that means we have to pay back that money with interest which increases the debt exponentially. China and the other countries are no longer buying these bonds so we can pay the interest on the intrest on the debt. Now our wonderful gov't is just printing worthless money. What the gov't is now doing is no different than me printing counterfeit money. They are handing out IOU's backed by nothing but hot air and promises. That check you are going to get in the mail is as worthless as the paper it is written on and will also do nothing to stimulate the economy. It's just more debt. Printing worthless money also causes massive inflation thus cutting spending power thus cutting consumption thus cutting business thus cutting revenue thus cutting jobs and on and on. Then deflation will set in and any wealth that was acquired will also be lost. We are now going to enter the inflationary period of Obamas's plan. 11 trillion + 18 trillion + 412 billion divided by 134 million (That is the total number of taxable returns in the US at last count) = $212, 029.85 That is how much every single tax payer that actual pays taxes will have to pay just to get to a balanced budget. This number is going to sky rocket for the next generation, Your generation as a matter of fact. This is what you owe the federal gov't before you even start to work. So you see, there is no money for Obama's plans, there is no money for social security, there is no money for gov't health care, there is no money for infrastructure, there is no money. Any money that govt gives is worthless debt that you will have to pay back with interest on intrest Raising taxes is the last thing you want to do to small business. Small business employs 70% of the working population, it used to be 90% 40 years ago. Small business is the demographic that Obama wants to punish with high taxes, Those making 250 thousand a year or more. 75% of all small business owners make that much. When you tax them, jobs disappear and then revenue goes with it because small business lays people off to pay higher taxes. And the more people that get laid off spend less and again less revenue it's economics 101. A bigger tax base with a lower tax rate always without exception generates more overall tax revenue. Obama thinks just the opposite and he will soon learn his plans of economic growth will disappear and so will you. There is not a single incentive for small business in Obamas plan, only punishing, job losing higher taxes for them.