An Obama campaign official confirms reports that the president has been forced to cancel several upcoming fundraisers, so that he can continue to focus on raising the debt ceiling.
Obama had been scheduled to attend two DNC events tonight in Washington, DC. Instead, Vice President Biden will attend tonight's fundraiser at the St. Regis Hotel.
On Wednesday Aug. 3, the president had been schedule to travel to Chicago for fundraisers as part of his 50th birthday celebration.
The Obama campaign official says that if debt negotiations are still ongoing, the president will not travel to Chicago for those events.
In addition, an upcoming presidential West Coast swing for campaign events in California and Washington State has been put on hold, the official confirms.


That's a shame - it means one less thing for the RWNJ's to b!tch about... lol
Our President has his priorities right. Working on the debt ceiling is something you can't "walk out" on.
ChristiMtl...The Obama Diary:
I love what she wrote:
_____________________________________________________________
I really like historian Doris Kearns Goodwin who was on MTP Sunday.
GREGORY: Doris, sometimes satire can be the most damning in terms of summing up where we are. And The Onion newspaper, the satirical newspaper, has this headline this week. Headline: “Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined.” If the question is whether Washington is broken, make the case that the answer is yes.
MS. DORIS KEARNS GOODWIN: I think there’s no question it’s broken. You know, our country was created on the principle of compromise. Think about it, the states vs. the federal government; Senate vs. House; North vs. South. And some–I remember once one of the old framers was asked, “What are the three principles of this new government you’ve created?” “Well, the first is compromise, the second is compromise, the third is compromise.”
http://theobamadiary.com/2011/07/25/compromise/#comments
Amen.
Thank you for sharing that Pat!
You know how I feel about Doris and why I often compare you to her...
I think of you as FR's very own DKG!
*hugs*
Pat, I like Doris a lot, and enjoy listening to her. I missed MTP will have to check that out.
Hope you are well and all your family. Love your posts, keep 'em coming.
How about those Red Sox??? Happy Days right now.
David McCullough, the Pulitzer Prize-winning biographer of Harry Truman and John Adams, had good things to say about President Barack Obama in an interview with CNN’s Fareed Zakaria this morning.
“I admire him very much,” McCullough said of Obama. “His time in office presented him with problems such as very few presidents have ever had to address. And given the complexity and the gravity of those problems, I think he’s handled himself very well. My hat goes off to him, my heart goes out to him.”
McCullough singled out an attribute in great presidents: “the capacity to move the country to do better than it thinks it can” and to do that through language.
McCullough praised Truman as one of the greatest presidents. “He said, ‘I never forget where I came [from] — who I was, where I came from and where I would go back to,’ ” McCullough said. “Now that’s a man who knows exactly who he is. He’s not craving this adoration and limelight in order to feel good about himself. He didn’t want the job. It was thrust upon him.”
The historian called George Washington the greatest president because “he set the standards for behavior, integrity and patriotism of the best kind, not the flag-waving kind, but true love of county.”
http://blogs.orlandosentinel.com/entertainment_tv_tvblog/2011/07/david-mccullough-i-admire-barack-obama-very-much.html
Glad you liked the DKG quote. It was lovely I agree. David McCullough is another historian with a wonderful perspective. I met him downstairs in the lobby of my bldg many years ago. Just a classy classy man. He was so friendly and we just stood there talking for a few minutes. I remember wishing him luck with the Pulitzer for his John Adams book.
He won it a few weeks later. I was thrilled for him. He got me re-interested in John Adams, whose house is down the street from mine. I have taken quite a few people to Adams'house, mainly on the 4th of July.
It has been said that every 4th of July the people of Quincy used to go to John Adams' house, who was by then really getting up there in years - they would just stand outside his house on the 4th, hoping to catch a glimpse of "the old man". They loved him for all he did for America.
Gingerbread Mamma: I think the baseball season is over in the East. The AL is weak. Just hanging on until Oct. Since steroids left baseball, things are quiet now during the summer. No really big stories with records and such.
Pat, David McCollough is a big favorite of mine, have read all his books and right now am reading his latest "The Greater Journey" Americans in Paris in the 18th and 19th centuries. The stories of their hazardous journies to get there and their experiences in living and learning in different culture make for very interesting reading. It covers the adventures and experiences of the likes of James Fenimore Cooper, Samuel F.B. Morse, Ralph Waldo Emerson, medical student then, Oliver Wendell Holmes, and how those experiences made a difference in their lives that followed.
His writings are so well researched, so descriptive, they take you to that moment he is writing about.
Wow Gingerbread Mamma! Sounds like a wonderful book. Thanks so much for the heads up. I will go and order it now.
You've got to have priorties.
I'm surprised the debt negotiations won out.
And why is that, do you think? Bias?
Never mind. Not possible. ;-)
Hey Pat----why don't you turn your baseball attention to the Pittsburgh Pirates----tied for the lead in their division today. They are the talk of the town---selling out PNC Park, playing some exciting ball. Of course they make the mistakes a young club will make, but it is fun to have a team to root for again!
Looks like all the Dems scare-mongering about a massive Defaultageddon in the markets today was just crying “wolf”. Asian and European markets are closed and US markets are half way through the day, and all is well. Most markets were down less than one percent, which is just another day where there were a few more sellers than buyers. The German Dax index was actually up 0.25%. OK, Barry has tried putting a gun to granny’s head with the threat of no SS checks on August 3, 2011. Then, he threatened everyone with having to eat peas. Then, his weekend he had all the Obamabots out on the talk shows trying to scare people with threats of collapse in the markets if there wasn’t a deal by Sunday afternoon.
What’s next?? Maybe something really scary like every Republican in the House and Senate getting a personal visit from Feisty where she will have Presidential authorization to do whatever it takes to make them jump on the Obamabot bandwagon??
Yikes!!!!
Yeah. It's just a shame that he didn't make it a priority SOONER... Had he done that perhaps we would not be in the position that we are now.
BTW... if I rmember correctly... He has walked out on it (more than once).
Steeler Fan: You know, I didn't know about the Pirates until my Pirates fan co-worker stopped me last week and told me. He.is.so.excited!!!!!
I agree with you. It's a great story. I hope it continues. Best of luck. The AL is so so so boring these days. Seattle just lost their 15th game in a row. Brutal.
Pat---Sports Illustrated was in town over the weekend to profile the Pirates; sadly they lost 2 of 3 to the Cardinals. They are lacking a big bat but they play with a lot of heart. We went to the game on Saturday and didn't see anyone wearing Steelers gear---a sign of a turnaround!
Yes I guess the President does have his priorities straight, if he doesn't get this done, the point of raising money for re-election is moot.
I'd prefer that the President attends those fundraisers and his birthday party and stays out of these negotiations! Especially if he's still fixated on his continuing to write the checks and we having to pay the balance for the remainder of his term!
Robin, I get it! You're talking about the liberal concept of CHECKS AND BALANCES, eh? lmao!
If compromise is so important. Why haven"t the Democrats and Obama compromised???
Every day the ostructionist GOP tries play this debt-ceiling game is one more day the Obama fund-raising is on auto-pilot, and bringing in more and more money. He can afford to stay in Washington and work with Norquist's Kids.
Games?
Really Drive By, it's the GOP that is playing games, eh?
Cause see brother it has been the GOP that has passed 2 budget bills, the last Cut, Cap and balacnce that was narrowly defeated in the Senate - 5 votes.
So how's about you look at the Dems? Senate budget? Nope not for 800 plus days. A plan from the house or senate dems? Heck no.
How about a plan from the adult who is no longer in the room? Nope?
But yeah, games, and just the GOP.
Seems like you might not be paying attention.
So glad you finally recognize that Spanky.
You do realize this entire debacle is just a power play by a group of wannabes don't you? It is more about power and control over others than about debt, spending, taxes or height of any "ceiling". Your heros just want to "be in charge" and have authority to direct others.
They really should get therir cumulative acts together and made decisions based upon the good of the nation instead of upon oneupmanship against the opponet (Our President!)
Spanky,
If you took loans out and decided not to pay them back, like you suggest congress do by not raising the debt ceiling, what would happen to your ability to practice law? Could you even hold on to your license to practice? Just asking since both Republicans and Democrats have already charged up the credit card.
Really, so you actually think the US cannot pay its existing debt?
Or is that just what Think Progress says?
Cause see it's flat wrong. Debt service on a per monthly basis is about $20 Billion. They receive about $200 billion in revenue each month.
So what else you got?
Oh and what does the practice of law have to paying loans back? So if the dog catcher stops paying his mortgage or credit cards do you think they stop him from working?
AnaB - what the heck are you talking about - just makes no sense, which is probably why you are so misguided on the issues.
Oh and the best part is you got votes, so ignorance is not only bliss, it apparently has a lot of company around here.
Too funny.
Not as Stupid - it's about stopping the ridiculous spending.
I know you don't spend 40% more than you have.
No one, but our government is that stupid.
Except for Greece, Spain, and of course Cali. Stupid and silly. Yay big government!
Convoluted point Spanky -
But you didn't point out for the world to see that what you mean is : spending that YOU feel is ridiculous only.
Would you support reducing expenditures by abolishing: Securities & Exchange Commission, Commodity Futures Trade Commission, Export-Import Bank, Overseas Private Investment Corporation, and the Commerce Department? We could save A LOT of money if we didn't pay for these things; of course, there wouldn't be much business going on and Wall Street would pretty much shut down - but maybe that isn't so bad. What do YOU think about it?
ARE YOU WILLING TO DO AWAY WITH FEDERAL COMMERCIAL AND BUSINESS PROGRAMS IN ORDER TO REDUCE SPENDING or are you just stuck on stuff that benefits the lower income portion of our population such as Medicare/Medicaid, etc.?
Please tell us where YOU stand.
Too easy Not Stupid. If it were me I'd cut everything back to Clinton's budget effective immediately. That's about a 25% reduction across the board.
Then the congress would actually come up with a budget - whatever it could pass would be fine, but capped at $2.3 T, the remainder pay down the debt.
Simple outlook - spend a little less than you have, use the rest to save or pay off existing debt.
I know - wat too complicated for the big brains in Washington.
Oh and I'd also go back to the gold standard. THe Fed is totally f'ed up.
stupid - instead of the big strawman build up, why didn't you just ask spanky what he considered stupid spending.
Personally, I would cut spending on ALL federal bureaucracy and tell them to each make the hard decisions on what specifically got cut. I would hope that they could identify any dead wood or ineffective programs.
BTW - as a strawman argument back to you would you support doing away with all federal pensions and health plans and replacing them with SS and medicare. Perhaps even converting the existing pension balances to 401k's, IRA's or 501k's based on maximun contributions currently allowed with the surplus going into SS.
"....Obama fund-raising is on auto-pilot, and bringing in more and more money. He can afford to stay in Washington and work with Norquist's Kids...."
Obama would much rather be campaigning and fundraising than doing his JOB. He is the Campaigner-in-Chief ! Problem for him is he knows he won't get re-elected by ignoring this debt ceiling issue the way he did for months. He is acting like a FAKE moderate and he's hiding his Liberal stance until he can get re-elected.
"Really Drive By, it's the GOP that is playing games, eh?"
- yes.
Spanky spending less than you have, would that include the debt on 2.7 Trillion dollars of tax cuts.
If spending is spending how can we continue to spend money we don't have on tax cuts and loopholes?
Why is it that the republicans think the money spent on the rich is fine?
Don't even get me started on the war of choice pushed on us by an emotional frenzy concocted by bush, cheney and faux. War spending, why do republicans seem to love war spending? They raised the debt ceiling 7 times for bush.
Come on conservations show us you are really interested in cutting spending. You could start with wars and tax cuts.
Are you referring to per capita or hard numbers, Spanky? Either way creates problems you've not addressed.
@American numbers --
Sorry; does that "big strawman build up" force you out of the comfort zone? Just facts. In answer to your question:
Because this nation is founded upon the self-evident truth that all men are created equal, the answer is ABSOLUTELY. In compliance with our system, NO ex post facto nor selective legislation should be enforceable; legislators should NOT enjoy a pension for life after 1 term; NO public servant should have any health plan different than any citizen, and government employees - including specifically congresspersons and federal justices/judges - should be mandated to abide by and partake of the laws they enact just like everyone else.
Surprise you? Shouldn't - the idea, just like the deficit debate, should ultimately oppose and/or abolish the "class warfare", caste system, and elitist society. That is the principle upon which this nation is based.
The 'game' is being played by Obama, and he's doing it well! All attention is directed at him right now (he is the ultimate narcissist you know) regardless of how negative that attention is... but the important thing for BO is that while this crisis continues, no one is paying attention to the Republican candidates each trying to promote their platforms!
Convoluted logic from our leader Mr. President, but I guess it beats eating those little meatballs at all those fundraisers!
OOOPSEY!
Appears maybe it wasn't too easy afterall, huh?
What???? You mean the incumbant potus has to spend time in DC tending to government business!? How sad to think that he has a job other than running for re-election.
Caught you flat-footed, didn't it?
What WILL the right talk about this afternoon? ;-)
Yeah - I know... you are NOT used to that after the last administration, are you.
See the difference? President Obama is displaying TRUE leadership, unlike his predecessor. Compare.
AM---I was waiting for them to start in on the President and his fund-raisers during this time, all the while ignoring the irony that their behavior is the best fund-raiser the President could ask for.
@ Steeler:
Yes it is, isn't it. It even makes ME think about buying one of those raffle tickets. ;-)
Funny thing is it looks like they are going forward without him.
Last photo op. I saw was Boehner, McConnell, Reid, and Pelosi. No Obama.
Kinda wrecks that "only adult in the room" meme. Does fit nicely with the "leading from behind" one though.
OK , so Barry is now in town to settle the budget. So, when is the tee-time and who is in the foursome? Will he present his plan prior to teeing off?
Obama will lose his title "No Drama Obama" as soon as they mess with his big birthday bash. He invited celebs and sports figures and this debt thing is in the way. Hopefully, this nasty business of "running the govt." will end before the birthday bash. HAHAHA
hunky - not a bad thought, reid and boehner definitely. The way obama seems to want to flit from issue to issue withour resolution, a congressional golf outing might be more appropriate, then obama could tee off with a different foursome for the next week.
Anna - Always try to stay on my toes during events I have an interest in. It was starting to look like obama cared only about becoming re-elected. Based on all the FR lib support he seems to have, it is a wonder that he even needs to do any campaigning until after the nominating conventions in the summer of 2012.
It even makes ME think about buying one of those raffle tickets.
____________________________________
Is that the one for dinner with Barry and Joe Biden??
Not much of a menu:
Pea Appetizer
Pea Salad
Pea Soup
Broiled Peas Entree
and for dessert: Pea a la mode
All courses accompanied by a a fine Peanot Noir from the WH whine cellar
Too funny. But what's wrong with peas?
Mmmm ... fresh peas. Goodness how delicious.
Of course, there IS the problem of the day after, isn't there? ;-)
An old Cherokee told his grandson, "My son, there's a battle between two wolves inside us all. One is evil. It's anger, greed, resentment, inferiority, lies and ego .The other is good. It's joy, peace, love, hope, humility, kindness, empathy, and truth." The grandson thought about it and asked his grandfather, "Which wolf wins?" The old Cherokee simply replied, "The one you feed."
Or maybe the battle inside is the continued need to repost the same thing over and over.
How about yhou feed us something other than this "gem" which you have been posting for many days?
Or keep rocking this one - there must be someone here who has not already seen it five times, right?
Got any Obi-Wan Kenobi stuff, GM?
Maybe you should take a lesson. I suspect Obi-Wan would teach conservatives a thing or two.
Or did you have some idea that Emperor Palpatine was the liberal in the piece?
I, for one, thank you for that GM. I hadn't seen it before - i want to remember that for an appropriate time for my grandkids.
Ahh... nothing better to do then crack on a fairly benign post. Eh, Cranky? I see you got up on the wrong side of the bed... again!
Am - way too easy. Palpatine was all about Big Government.
Ain't no bigger government than an Emperor.
You know the opposite of Robin Hood who took from the government and protested tax hikes from the Sheriff and King.
What up devie. To the contrary, it was an excellent weekend and it alre3ady shaping up to be a good week.
And you?
Just swatting the flys here on FR. Thanks for asking.
Yeah - and it's funny how you call me Cranky. Dude, I'm not sure if you know this, but Spanky is not my real name.
Bzzzzzzzzzzzzzzzzzzz. :)
Shocker! Who would have guessed it? Thanks for cluing me in!
BTW Your welcome.
Spanky - dang it you said much the same thing Iwas going to reply to anna with, but without the robin hood analogy. Kudos!
First the conservatives call Old Man Potter from "It's a Wonderful life" FDR. Next they claim the Sherrif of Nottingham is the liberal as he most definately embodied the ideals of the "party of the people".
However I will not let it stand when they liken the Dark Lord of the Sith to a liberal.
Sith Rule of Two.
"Two (Sith) there should be; no more, no less.
One master to embody the power, the other apprentice to crave it."
Absolute power and total control just doesn't fit with the liberal theme.
Yellowdog, but what of all the other apprentice wannabes?
Hey American 205 haven't seen you in a while!
Star Wars quote was brought on by to watching too much Comic Con this weekend.
Apprentice, wannabes why are you bringing up Trump and the GOP candidates?
They are crowding in line to sign the Norquist pledge.
greeting yellowdog - I have been around, just not always at the roght times.
Trump doesn't want to commit and as for the rest, there is plenty of time before the 2012 nominating conventions to shake out any other wannabes.\
Hope you are enjoying the heat in texas, I would love to send you some of our humidity. I heard on the news recently that corn plants put out a tremendous amount of water into the air. Guess this humidity is a small price to pay for helping to feed the world.
Spanky,
Talk about re-cycle. Man you guys need a new taking points playbook, because it's pretty darn stale.
Yeah - funny thing is about 1 year ago the libbies were saying the same things.
Yet now those talking points - debt, deficit and taxes are the dems new goals. They just can't seem to get enough of them.
My how times have changed.
Now job1 your turn - you tell me which dem talking point from a year or so ago the republicans have adopted.
Sucks don't it? Cause Obama totally ran on cutting entitlements and the deficit, right? Of course he did. :)
Entitlements for the rich will be cut. Raised revenue is coming and 1.2 trillion would be a great start.
yep job1 let the obama tax cuts expire, maybe that will give you that $1.2 trillion number. Bet if you consider yourself to be lucky obama will want to change that number to $1.6 trillion tommorow. lol!
Actually, the cuts you are referring to are the Bush Tax cuts. They expire in December 2012.
Job1
They would have EXPIRED ON DEC. 31,2010,if OBAMA hadn't extended them. So they are OBAMA'S TAX CUTS.
Remember "WE OWN THE ECONOMY" DNC Chairwoman Wasserman-Schultz.
In addition, an upcoming presidential West Coast swing for campaign events in California and Washington State has been put on hold, the official confirms
If this keeps him out of CA. then it's really worth the fight. They should do their personal things, like fund raising, birthday parties on their own time & money. 50 Y.O. and the whole bunch of them cry like babies and can't get along together, an embarrassment to America.
Schpanky, the Recycler In Chief...still hanging on that CCB deal that went NOWHERE? A big waste of taxpayer's time, money, and resources...but, much like yourself, the House keeps on focusing on meaningless bull@!$%#.
"...yeabut...yeabut...yeabut...It's cap cut AND balance...!"
One good thing, I see you have may have finally grown out of attacking women and disabled veterans...SWEET!
...my little Schpanky...he's finally growing up...
...*snif*...
Job1, please, enough about recycled talking points. We hear it daily from the Liberal/Progressive Fan Club of NewsVine.
Blame the GOP (bad) while talking up the administration (good). And in the process, use old discussions and don't forget to blame Bush.
You know, you're right hunky, a number of the posters here are pretty reflexive in what they say.
So, I guess that means that when the more right wing folks start talking about the president being a moron or lazy or a poor leader, you apply the same criticism to them, too. right? those are old points after all. they may be pertinent to some, but they really are getting tiresome.
same goes for how we have to shrink the government ...I've heard it before, it's growing stale.
...increasing taxes on the wealthy is bad - boring me.
So if the lefts points are "recycled" and "old", you would agree that the rights are too, wouldn't you?
Hell, they been recycling the Norquist bovine-turdiosis for 20 years or so....
The guy isn't even an elected offical anything, either.
rick - actually why not increase taxes accross the board? You know let the obama tax cuts really expire in 2013. Then everyone will have the "shared sacrifice" feely thing.
Seems that those in the lower 98% range just don't want to spend their money on the items that would generate manufacturing and service demand so more folks could be hired to meet that demand.
Never fear, things are only stale until events happen that opens your mind to what is being said.
drive by - and neither are any of the cabinet secretaries, economists or the few business CEO's that obama seeks advice from.
american---doesn't it trouble you even a little that people sign a pledge to Norquist not to raise taxes, no matter what? Shouldn't their first oath be to the American people?
"ME First" does not translate to 'the American People' for these dicks.
Hunky,
Oh yes, the truth is the truth. This debt problem belongs to W. Bush and he and the Republicans own it.
rick - actually why not increase taxes accross the board?
Folks like me can afford to pay more in taxes without it really hurting that much. you tell my daughters that they will have to pay more, they begin to reevaluate which bills get paid this month.
Then you (figurative you, not necessarily you personally) talk about combining that with cuts to Medicaid and Medicare. Now you are talking about taking something from my granddaughter on top of the extra in taxes you want my youngest daughter to pay.
OK, let's go that route instead of having those of us with the means to pay a bit more.
That's my reasoning for not agreeing with 'broadening the tax base'.
Never fear, things are only stale until events happen that opens your mind to what is being said.
I guess my attempt at sarcasm didn't work.
Sorry, I'll try to be more blatant with it next time.
rick in savannah
You know, you're right hunky, a number of the posters here are pretty reflexive in what they say.
OK Rick, I will agree with you that both sides have talking points that are tiresome. Mine can be considered old too; however, you can read from the posts here, GOP is bad and the Progressives are good.
Only growing stale because the politcos choose not to want to talk about it. Big gov is good to them. After all, it builds committee power, and power is everythink in Washington. What the heck, they are not spending their money!
Boring me too. I have enough taxes and fees between CA state gov, and the Feds.
But what really irks me is the inability of the leadership of this country. Time to remove the professionals from government and replace them with people who can do the job without being corrupted by party and leadership.
Steeler fan - it doesn't bother me in the least, for it happens on both sides of the aisle and it has always been a historical fact in politics, whether local or national.
Rick, not to worry - great minds don't always communicate well.
Red State Democrat Senators up for reelection in 2012 desperately need to distance themselves from Obama.
This may be their opportunity.
Will the President veto a debt ceiling bill which passes the Senate?
Amazing how every position Obama has taken on the debt ceiling has had an expiration date.
I'll bet the people in Wisconsin and Ohio are distancing themselves from republicans. The just recalled 6 newly elected republicans with almost a million more signatures than they needed. Ohio had just over 600,000 more signatures than they needed to put the union busting bill on the ballot brought to you by the republicans in Ohio. If republicans are so wonderful and for the people, I wonder why these ungrateful voters did this?
I know you can do it, twist this around and make it President Obama's fault.
So much argument about how much there should be in spending cuts, so little about how much federal revenue should be raised.
Not only are any increases in tax rates off the table, we can't even allow the temporary tax cuts of ten years ago to expire as they're supposed to -- not even for the wealthiest among us.
In the 1950s the highest rate was more than 90% and somehow the rich managed to stay rich. Now it's at 34% and some propose to cut it farther, to 25%.
This is known as "starving the beast" and was begun seriously in the 1980s with the objective -- I guess -- of rendering the federal government impotent. Get rid of noisome interference with the free market by eliminating EPA and FDA -- and especially NPR, that money pit of Bolsheviks. Not that I object. I like higher arsenic in my drinking water and uninspected meat at the supermarket. And only elitist inverts listen to Beethoven on NPR.
Taxes haven't been this low since 1931. And the richest among us, according to a recently released IRS report, pay a bit more than 18% of their income in federal income tax. That's horrible. In 2007 the richest 400 Americans paid only 16.6%. Now look at the sacrifices they're making. How can they possibly create jobs when they have to fork over all their money to the National Endowment for the Arts? A bunch of guys in BALLET costumes! Probably speak French.
No, sir. It's worth ruining the nation's economy just to teach these Big Spenders in Washington a lesson. Everybody will have to pay higher interest rates on everything from mortgages to cars, but it's a worthy sacrifice. Didn't Samson have to bring down the temple? Sure, he killed himself and his friends, but he got even with his enemies and sure taught them a lesson.
Robert, I am sure it was a typo on your part, but the top rate is 35% and not 34%. What this means is that for every dollar over $379,150, the federal government takes $0.35 (this is in addition to state and local taxes). For every dollar made between $174,000 & $379,149, the federal government takes $0.33.
Your argument about that rate is also specious because $200,000 (where the top rate was 91%) is about $1.6 million today. The top rate today was approximately $45,000 in 1951.
Furthermore, the world was recovering from WWII and the US had the about only in-tact manufacturing base; abundant, inexpensive energy and a large, inexpensive workforce. We were going to prosper as a nation regardless of the tax rate at the top.
robert - the politicians should have thought about that as they wrote legislation. An epic failure by both parties I am sure.
So easy to cut taxes with a growing and productive economy.
Robert
There were a lot more Tax Loopholes back then. THEY DIDN'T PAY ANYWHERE NEAR 90%.
It is great to have a wonderful president that is smart and cares about our country! The money will continue to come, because we are standing up against hate from the Tea-baggers/republicans. Keep up the good work President Obama!!
That's what it's all about, right Tommy?
The money "continuing to come"?
Don't work for it, just wait for it.
After all, everybody is allowed to build up a massive debt and pay it off by borrowing more.
That's what caused this recession we're in, the Democrats protecting Fannie and Freddie as they cooked the books, bought up hundreds of billions of dollars in BAD mortgages and sold them as "securities". And the people "buying" those homes NEVER being able to afford them in the first place. Of course people like Tommy go along with the stupidity of Barney Frank that "every American has a right to own a home", even if they can't afford it, because after all, we can just either bail them out or print more worthless money, right Tommy?
And of course it's the banks that need to be regulated for actually buying something that they were told were "securities" and it turning out to be a bunch of bums buying homes they couldn't afford.
And it's the rest of the nation's responsibility to actually have to pay for the massive idiocy of Democrats.
Hey Tommy - how's the Obama slush fund coming along?
I'm up to almost $25 bucks compliments of the nasty tea baggers! ;o)
Cheryl,
[Don't work for it, just wait for it.]
Did your husband get a job yet? You know...one of the jobs that John Boehner promised? Or wasn't he one of the lucky ones to get one of those 50,000 McDonald's jobs 'ol Johnnie Boy shook loose...
...or is he just "waiting for it..."
Good news for Obama.... The NFL Players have agreed to a deal... This will cause the unemployment rate to drop!
Hey! I thought the "shovel ready" projects were going to employ people ! OH WAIT, that was just another Obama campaigner-in-chief talking point.
OBAMA'S COLLEGE CLASSMATE SPEAKS OUT
By Wayne Allyn Root , June 6th, 2010
Barack Hussien Obama is no fool. He is not incompetent.
To the contrary, he is brilliant. He knows exactly what he's doing.
He is purposely overwhelming the U.S. economy to create systemic failure,
economic crisis and social chaos -- thereby destroying capitalism and
our country from within.
Barack Hussien Obama was my college classmate
( Columbia University , class of '83).
He is a devout Muslim do not be fooled.
Look at his Czars...anti-business..anti- american.
As Glenn Beck correctly predicted from day one, Barack Hussien Obama is
following the plan of Cloward & Piven, two professors at Columbia University .
They outlined a plan to socialize America by overwhelming the system
with government spending and entitlement demands.
Add up the clues below. Taken individually they're alarming.
Taken as a whole, it is a brilliant, Machiavellian game plan to turn
the United States into a socialist/Marxist state with a permanent majority
that desperately needs government for survival ... and can be counted
on to always vote for bigger government.
Why not? They have no responsibility to pay for it.
Universal health care . The health care bill had very little to do with health
care. It had everything to do with unionizing millions of hospital and
health care workers, as well as adding 15,000 to 20,000 new IRS agents (who will join government employee unions).
Obama doesn't care that giving free health care to 30 million Americans
will add trillions to the national debt.
What he does care about is that it cements the dependence of those 30 million voters to Democrats and big government ..
Who but a socialist revolutionary would pass this reckless spending bill
in the middle of a depression?
Cap and trade. Like health care legislation having nothing to do with
health care, cap and trade has nothing to do with global warming.
It has everything to do with redistribution of income, government control
of the economy and a criminal payoff to Obama's biggest contributors.
Those powerful and wealthy unions and contributors (like GE, which owns
NBC, MSNBC and CNBC) can then be counted on to support everything Obama wants.
They will kick-back hundreds of millions of dollars in contributions to
Obama and the Democratic Party to keep them in power.
The bonus is that all the new taxes on Americans with bigger cars,
bigger homes and businesses helps Obama "spread the wealth around."
Make Puerto Rico a state. Why? Who's asking for a 51st state?
Who's asking for millions of new welfare recipients and government
entitlement addicts in the middle of a depression?
Certainly not American taxpayers.
But this has been Barack Hussien Obama's plan all along.
His goal is to add two new Democrat senators, five Democrat congressman and a million loyal Democratic voters who are dependent on big government.
Legalize 12 million illegal Mexican immigrants.
Just giving these 12 million potential new citizens free health care alone could overwhelm the system and bankrupt America .
But it adds 12 million reliable new Democrat voters who can be counted
on to support big government.
Add another few trillion dollars in welfare, aid to dependent children,
food stamps, free medical, education, tax credits for the poor, and
eventually Social Security ..
Stimulus and bailouts. Where did all that money go?
It went to Democrat contributors, organizations (ACORN), and unions -- including billions of dollars to save or create jobs of government employees across the country.
It went to save GM and Chrysler so that their employees could
keep paying union dues.
It went to AIG so that Goldman Sachs could be bailed out
(after giving Obama almost $1 million in contributions).
A staggering $125 billion went to teachers (thereby protecting their union dues).
All those public employees will vote loyally Democrat to protect their
bloated salaries and pensions that are bankrupting America .
The country goes broke, future generations face a bleak future, but Obama, the Democrat Party, government, and the unions grow more powerful.
The ends justify the means.
Raise taxes on small business owners, high-income earners, and job
creators. Put the entire burden on only the top 20 percent of taxpayers,
redistribute the income, punish success, and reward those who did
nothing to deserve it (except vote for Obama).
Reagan wanted to dramatically cut taxes in order to starve the government. Barack Obama wants to dramatically raise taxes to starve his political opposition. With the acts outlined above, Barack Hussien Obama and his regime have created a vast and rapidly expanding constituency of voters dependent on big government; a vast privileged class of public employees who work for big government; and a government dedicated to destroying capitalism and installing themselves as socialist rulers by overwhelming the
system.
Add it up and you've got the perfect Marxist scheme -- all devised by
my Columbia University college classmate Barack Hussien Obama
using the Cloward and Piven Plan .
"Correctly attributed" says snopes!
http://www.snopes.com/politics/soapbox/overwhelm.asp
Rangewolf,
I invoke the immortal words of one Dick Cheney...SO?
You are saying that SNOPES claims that the story was "Correctly attributed"...do you even know what this means? Let me point you in the right direction...it DOESN'T mean it's true...it just means that "Wayne Allyn Root wrote in an OPINION piece that President Obama is purposefully overwhelming the U.S. economy"...
Operative word here is...
...wait for it...
...wait for it...
...wait for it...
OPINION!
Jesus H. Christ on a pop-sickle stick, are you people stupid...
Did you just get this chain email? Sheesh...that's been circulating for over a year now...
I call Bull@!$%#...AGAIN...
It's GOT to suck to be out of ammo... lol
[It's GOT to suck to be out of ammo... lol]
Is this crap EVER going to end? LOL...if I didn't see it with my own eyes, I would never believe it.
Brace yourself Mickey - it's going to get a whole lot worse the closer we get to the election.
When you have NO candidate & NO platform, the lies will intensify!
Factor in the idiots running around with tea bags stapled to their foreheads and it's a recipe for madness!
Feisty Redhead is actually Nancy Polosi, the queen of dimwits.
[Factor in the idiots running around with tea bags stapled to their foreheads and it's a recipe for madness!]
Actually, I find it very entertaining...who needs The Little Rascals when you have the Tea Party...
if it wasn't for the Tea Party we wouldn't even be having the conversation about debt limits and getting spending under control - instead, O'bama, Reid, Pelosi and company would still be spending everyone else's money like a wild free-for-all......remember Nov 2010 was only part 1 of 2 whether libs want to admit it or not. Part 2 of 2 is Nov 2012
WAY TO GO TEA PARTY KEEP UP THE GREAT WORK WE'RE WITH YOU!
[if it wasn't for the Tea Party we wouldn't even be having the conversation about debt limits and getting spending under control...]
Really...how nice of you to take credit for something that would have happened anyway, but you just keep reaching for the stars, kiddo.
GO TEA PARTY - PART 2 COMING NOV 2012
Mickey
Maybe you can give us all which details have changed from Obama's original health care bill. We are waiting..........still waiting....................No, I didn't think you could. Loser !!!
[We are waiting..........still waiting....................No, I didn't think you could. Loser !!!]
Better be careful, Schpanky has the lock on this bull@!$%# tactic...he just may bitch slap you for stealing his schtick.
I did, however, notice YOU didn't include any references to support your argument, or is your post just an emotional & ideological response to something you have no control over?
I believe this is HCR as it was passed:
http://democrats.senate.gov/pdfs/reform/patient-protection-affordable-care-act-as-passed.pdf
Feel free to browse the document.
Mickey
Like you, the link you gave is a non-loader. Good try.
[Like you, the link you gave is a non-loader. Good try.]
Gee...works fine for me...must suck to be you...how about this: try using the Google and search for the document YOU quoted in your earlier post...deal?
An Obama campaign official confirms reports that the president has been forced to cancel several upcoming fundraisers, so that he can continue to focus on raising the debt ceiling.
I thought we were worried about the budget. Is obama only interested n raising the debt ceiling so he will have more money to give away? Just wondering.
George, to that point - why do we never hear about the Democrats not passing a budget at all in the media at large? Its really sad. I'd truly prefer a media that is looking to mercilessly seek truth (but respectfully) and dig into everyone equally then have the failing, cheerleading disgrace we have now...
Obama won't be needing that fund raising money anyway. You'd have to be brain dead to re-elect him.