Senate passes debt deal, 74-26

The Budget Control Act of 2011 has passed the Senate, 74-26. It now heads to the White House to be signed by the president.

*** UPDATE *** Here's the vote breakdown from NBC's Libby Leist:

Members voting NO:

Democrats voting against the bill:
Gillibrand
Harkin
Lautenberg
Menendez
Nelson (NE)
Sanders
Webb
*** CORRECTION *** Webb voted yes

Republicans voting against the bill:
Ayotte
Chambliss
Coats
Coburn
DeMint
Graham
Grassley
Hatch
Heller
Inhofe
Johnson (WI)
Lee
Moran
Paul
Rubio
Sessions
Shelby
Toomey
Vitter

Discuss this post

Ok, So there is no reason for Boehner not to start making good on his promise yesterday to get back to creating jobs?

Everything is done now except the FAA mess so we can assume that when the GOP/TP get back after their vacation they will be diving right into a new robust Job Creating/Stimulus Bill to move this country forward - Right??

  • 17 votes
#1 - Tue Aug 2, 2011 12:54 PM EDT

Alright Navy, I'll play along - name two or three things he can actually do to create jobs.

Do you think Reid and Obama should also do stuff, or just Boehner?

  • 9 votes
#1.1 - Tue Aug 2, 2011 12:55 PM EDT

Three Cheers for the enormous victory on behalf of the tea baggers!

They effectively settled for HALF of what the President offered them…

WHOO HOO!!!

Now that's what I call success! lmao

  • 16 votes
#1.2 - Tue Aug 2, 2011 12:57 PM EDT

The debt ceiling issue is behind us. Now lets get on with the campaigns. The tea bagger in my district voted for the Ryan bill, the cut the crap and balance bill, and against raising the debt ceiling. Can't wait to expose him for all the things he's against: like seniors, women, children, minorities, Planned Parenthood, unions, and the list goes on.

  • 18 votes
#1.3 - Tue Aug 2, 2011 1:04 PM EDT

I would love to hear what would pass for "success" from the old gal, but sadly I suspect she has no actual idea.

do wonder, in her mind is this some kind of victory for Obama and the dems? Is this what they had in mind way back in 1/09? I think it is not.

Have fun "exposing" all those government programs. The more you push that type of thing, the more actual exposure will occur. Se people will start to ask how much each of those programs costs, and what benefit they provide.

And that Ron is exactly the type of analysis us conservatives want. Cause the next level of inquiry will invariably be cost effectiveness/cost efficiency.

Oh my goodness, we are headed straight to discussions about cost effeciancies and governmental programs. If ever there was a libbie nightmare I cannot think of what it would be.

Go Ron. Saddle up and ride hard. We are counting on you.

  • 8 votes
#1.4 - Tue Aug 2, 2011 1:10 PM EDT

Alright Navy, I'll play along - name two or three things he can actually do to create jobs.

Do you think Reid and Obama should also do stuff, or just Boehner?

======

Answer - just Boehner because during the President's entire term the GOP leader has clearly said that the President's focus nor the Dems focus has been on jobs and that the GOPs would be job focused when they were ushered into power in the House. So no, just Boehner. He is the only one focused according to his own words.

  • 7 votes
#1.5 - Tue Aug 2, 2011 1:13 PM EDT

So how did this vote on raising the debt ceiling and lowering the deficit occur? The Republicans clearly stated their goals, and they stuck to their beliefs, their values, and their promise. Many new Republicans in Congress won an election on reigning in the wasteful Washington spending, and instead of forgetting that promise the moment they walked in the doors of Congress, they remembered their promises to the taxpayer and to the country. The Republicans were unwavering. They staked out their goals, communicated why those goals where important to the public, and stuck to their beliefs and promises when the going got tough.

Why did the Democrats and Obama fail? At first they ignored the Republicans. The Republicans said the debt ceiling would be in play and conditions would be put on raising it all the way back in January. The Democrats ignored that fact. Obama instead submitted a budget with $1.65 TRILLION in deficit spending for FY2012. The Democrats obviously didn't understand why they lost the mid-term elections. The GOP passed a FY2012 budget in the House, one that reduced spending and reformed entitlements. The Democrats mocked it. The Senate voted down Obama's FY2012 budget 0-97, Obama gave up on submitting another. The Democrats instead of leading and coming up with their own plans just mocked and ridiculed the GOP. They demagogued of the GOP plans and even won a House seat or two in special elections. Not having a plan was the plan for the Democrats.

In the end, Obama failed. When he had to come up with a plan late in the game, he couldn't commit to one. Because Obama has no core values his plan kept changing, and time ran out. In the end, the GOP, Speaker Boehner and Minority Leader McConnell put together the plan that was passed by Congress and will be signed by Obama.

The GOP has shown true leadership and vision for the country. This vote was just a first step, many more will follow.

  • 10 votes
#1.6 - Tue Aug 2, 2011 1:16 PM EDT

name two or three things he can actually do to create jobs.

Spanky,

You should ask the Speaker that question. He was the idiot that made the statement, not Navy. Get it bro? Just like he and his colleauges have been saying since November 2010 - it's all about jobs - what they failed to mention is it's about the cyphoning of jobs from the American economy.

  • 16 votes
#1.7 - Tue Aug 2, 2011 1:23 PM EDT

The solution is to Raise Revenue, cut defense spending and spend baby spend to get our infrastructure re-built, and the people back to work.

FDR did and so can the current leaders, if they have the will.

  • 12 votes
#1.8 - Tue Aug 2, 2011 1:23 PM EDT

All this chaos wouldn't have happened if we just had built high-speed trains paid for with funds from an infrastructure bank.

  • 5 votes
#1.9 - Tue Aug 2, 2011 1:30 PM EDT

Many new Republicans in Congress won an election on reigning in the wasteful Washington spending.

Correction: These people are Tea Bagger terrorist that are so illiterate as far as economics is concerned.

  • 8 votes
#1.10 - Tue Aug 2, 2011 1:31 PM EDT

FDR did do something like that Job1, but those days are long gone. This here is the Tea Party era, or as Johnny Alter said - the beginning of the age of austerity.

Besides Greece and Europe is in collapse. IF giant governemt infusions of cash were the answer, then them PIIGS would be flying, not dying.

So as we begin the austerity phase, how exactly does the government create jobs? It has no money, and even your beloved dems just signed off on no new taxes.

One thing I suggest is to call off the EPA, it's wrecking trucking, and so many industries. Now they want to slap new Ozone restrictions. How very 1970's.

Estimates are that the new regs will kill [that means END] millions of existing jobs.

Sounds like a great idea, right gang?

  • 8 votes
#1.11 - Tue Aug 2, 2011 1:38 PM EDT

navy, I'm with spanky except, name 2 or 3 things he can do to create private sector jobs. We already have too many government jobs.

  • 6 votes
#1.12 - Tue Aug 2, 2011 1:38 PM EDT

Say Job1 how do you define economic literacy?

Are you more economically literate than me?

In what way my man? How many courses in economics, accounting and taxation have you had?

Please give us a definition, so we all know where you are coming from. I mean, who doesn't love a blanket accusation like you just made?

  • 6 votes
#1.13 - Tue Aug 2, 2011 1:40 PM EDT

job1, the real solution is to get the government OUT of the way. This has nothing to do with getting more revenue. Reduce the government. It has gotten 22% bigger under Obama. Repeal those job killing regulations Obama signed into law at the end of 2010, remove the uncertianty in the private section AND stop calling for the heads of the job creators because they make more money than you.

  • 6 votes
#1.14 - Tue Aug 2, 2011 1:43 PM EDT

Spanky: Estimates are that the new regs will kill [that means END] millions of existing jobs

Obama's choice of one his top economic advisers, GE's Jeffrey Immelt, has already started the killing with the elimination of 34,000 US jobs and the creation of 24,000 overseas jobs.

Source: http://www.huffingtonpost.com/2011/01/21/obama-picks-jeffrey-immel-ge-jobs-overseas_n_812502.html

  • 3 votes
#1.15 - Tue Aug 2, 2011 1:46 PM EDT

Market is currently DOWN 151 points. Let's see how it finishes.

And then, Congress, let's hear some REAL ideas about jobs. Because we're in big trouble.

JoAnna:

Obama's choice of one his top economic advisers, GE's Jeffrey Immelt, has already started the killing with the elimination of 34,000 US jobs and the creation of 24,000 overseas jobs.

What? You have to go on vacation now?

I see.

Well, certainly, you've earned it.

  • 10 votes
#1.16 - Tue Aug 2, 2011 1:49 PM EDT

Say Job1 how do you define economic literacy?

Job, and many like him, probably have a similar background in economics just like Contessa Brewer of MSNBC and Don Lemon of CNN.

Contessa Brewer, graduate from Syracuse University's Newhouse School of Public Communications, was sparring about economics with Rep. Mo Brooks of Alabama, who graduated from Duke University in three years with a double major in political science and economics (highest honors in economics). Brooks later graduated from the University of Alabama School of Law in 1978. Contessa of course was losing the argument with Rep Brooks about her questions regarding the economy and in frustration she interrupted Mr. Brooksto exclaim "Do you have adegree in economics!!" to which Mr. Brooks replied, "Yes, and with honors". Ooh, bad moment on live tv Contessa.

And then there is Don Lemon of CNN questioning Kentucky Senator Rand Paul. Mr. Lemon, with a degree in broadcast journalism from Brooklyn College ($5000/year tuition, so you know it's a good school), was questioning Senator Paul about the complexities of the Debt Ceiling deal. Mr. Lemon kept interrupting Senator Paul, also known as Dr. Rand Paul, graduate of Duke University School of Medicine, where he earned his Doctor of Medicine (M.D.) degree, with Leftwing talking points while demanding that Senator/Dr. Paul not use any talking points of his own. Mr. Lemon of course came off as bitter and unitelligent. Dr. Paul finally realized he was dealing with an idiot and just gave up on the interview.

We certainly have many left-wing activists in the "news" departments of our media. They must think their Broadcast and Communication Degrees give them special powers and knowledge, but then they look the fools when trying to talk down people that are obviously much more superior to them.

  • 7 votes
#1.17 - Tue Aug 2, 2011 1:53 PM EDT

Market is currently DOWN 151 points. Let's see how it finishes.

Good thing you've got that 'comfy' mattress! ;o)

The projection is the debt ceiling deal will cost 1.8 million jobs in 2012...

The Economic Policy Institute, a top nonpartisan think tank, estimates that the deal struck this weekend to raise the nation’s debt limit will end up costing the economy 1.8 million jobs by 2012. Today the Senate is expected to approve the package passed yesterday by the House and send it to President Obama. But while the unemployment rate remains above 9 percent, the deal does nothing to address chronic joblessness.

http://thinkprogress.org/economy/2011/08/02/285599/report-debt-ceiling-deal-will-cost-1-8-million-jobs-in-2012/

The hits on the working poor just keep on rolling...

*sigh*

  • 9 votes
#1.18 - Tue Aug 2, 2011 1:53 PM EDT

Job, and many like him, probably have a similar background in economics just like Contessa Brewer of MSNBC and Don Lemon of CNN.

JS1 - for someone who had to take the GED three times before passing, really shouldn't be dissing ANYONE with a college degree...

If I'm not mistaken, Limbaugh, Beck, Hannity & the rest of the right wing 'mental midgets' never made it out of college!

You're *grasping* honey...

  • 10 votes
#1.19 - Tue Aug 2, 2011 2:00 PM EDT

The Economic Policy Institute, a top nonpartisan think tank, estimates that the deal struck this weekend to raise the nation’s debt limit will end up costing the economy 1.8 million jobs by 2012.

_____________________________________________

The Economic Policy Institute is a lefty liberal union stooge organization. Just check out its Board. Absolutely zero credibility.

http://www.epi.org/pages/board/

  • 5 votes
#1.20 - Tue Aug 2, 2011 2:04 PM EDT

Now, is GOP congress going to talk about jobs.......I don't think so. GOP/TB congress has shown clearly that they are more of protesters instead of governing legislators. Watch out for the spanner throwers to find another irrelevant topic/ideas to hang on instead talking about jobs.

This whole debt debate has been a complete show of shame that wasted time, tax payers money and a total misplaced priority. Debt ceiling needed to be passed but not at this cost. Common sense need to prevail in governance and not line drawing in the sand by some illiterate legislators among them, a congressman who will not pay his child support.........what?

million are jobless and this guys are their fighting for the GE'S, oil giants, wall street who do not care for anybody but for themselves. Idiots.

  • 2 votes
#1.21 - Tue Aug 2, 2011 2:06 PM EDT

Hi Feisty,

I will never accuse the Republican-Tea Baggers Terrorist as being at the head of the class in smarts. I mean, look at their hero's such as Palin, W.Bush, Beck and Bachmann.

Now, there is a group of rocket scientist for you.

  • 5 votes
#1.22 - Tue Aug 2, 2011 2:08 PM EDT

I mean, look at their hero's such as Palin, W.Bush, Beck and Bachmann

I hear you Job1 - it's not surprising they prefer to keep their base stuck on stupid...

The Teapublican party would be history if people knew the truth!

  • 5 votes
#1.23 - Tue Aug 2, 2011 2:11 PM EDT

If I'm not mistaken, Limbaugh, Beck, Hannity & the rest of the right wing 'mental midgets' never made it out of college!

Scott Walker, neither, which is probably why he hates teachers so much.

  • 5 votes
#1.24 - Tue Aug 2, 2011 2:12 PM EDT

One step towards creating jobs for America's unemployed is to get legislation passed which would make the E-Verify program mandatory for all U.S. employers. This would begin to open up the 8 million jobs currently held by illegal alien workers.

  • 2 votes
#1.25 - Tue Aug 2, 2011 2:13 PM EDT

For those bring up what we can do for jobs see my poat #3 below.

  • 3 votes
#1.26 - Tue Aug 2, 2011 2:15 PM EDT

Job 1

"I mean, look at their hero's such as Palin, W.Bush, Beck and Bachmann"

I bet you, this line up will make the founding fathers cringe.

  • 2 votes
#1.27 - Tue Aug 2, 2011 2:16 PM EDT

Hi Navy,

So true.

  • 2 votes
#1.28 - Tue Aug 2, 2011 2:18 PM EDT

Well...I see now that the debt crisis has been averted for now, Obama is heading out on the campaign trail! I bet he couldn't wait to get out there. He must have had a bit of cabin fever with having to work on the weekend and especially with his approval number at only 43% he will be mighty busy apologizing and kissing ass to every liberal progressive he threw under the bus.

  • 3 votes
#1.29 - Tue Aug 2, 2011 2:18 PM EDT

I just published this as an article on the 'Vine. It's also an appropriate post in this thread:

How to Deal with Debt, Deficits and Save SS and Medicare

In a very short time, the issue of the national debt, the budget deficits, and presumably a real budget for 2011-2012 will be back before Congress. As long as the rabid unelected masters of the right wing, folk such as Grover Norquist and the Heritage Foundation, among others, are excluded from the process, it may be possible to sanely deal with the issues without yet another conservative-manufactured "crisis."

One of the leading issues is changing so-called "entitlements," Social Security and Medicare. "Entitlements" is actually a pejorative that suggests people are getting something for free from the taxpayers. That, of course, is false. The public has paid into trust funds for these programs and have earned the right to the benefits - but some on the right deny an obligation to either Social Security or Medicare.

The reason for concern is that since the 1960's, the Treasury has been borrowing from the programs' trust funds, and as older persons are replaced with fewer younger workers, the revenues coming to the programs dwindles. But repaying the trillions owed to these funds would guarantee their solvency. And there are ways to honor that obligation.

First, isolate that portion of the debt incurred to pay for the last decade of wars. Take the example of Great Britain at the time of the American Revolution, when that country ran up a war debt proportionately larger than that the U.S. has incurred since 2002. A "sinking fund" dedicated specifically to retiring that debt was created and while it took the U.K. many decades to ultimately retire the debt - in part because only 10 years later the U.K. was back at war on the Continent for another 25 years - it did so and preserved its credit rating and low interest reuirements.

Today the U.S. would have to establish a specific set-aside levy to fund and sustain this debt-reduction account. And it probably would be a major part of tax reforms that include added revenues from corporations that today pay NOTHING in U.S. taxes as well as a portion of any upper-level marginal rate increase on the top 2% of individuals.

And note that a substantial share of the debt involved came from "loans" made out of the Social Security and Medicare trust funds.

Some readjustment of tax policies affecting mainly middle-class households is inevitable. The right often repeats a remark about nearly half of the country's household paying "no taxes" - marginally factual, but actually disingenuous. Here's a bit of what Politifact.com said about that remark:

Estimates by the Urban-Brookings Tax Policy Center project that for tax year 2011, 46.4 percent of households won’t have any income tax liability. However, of this number, 28.3 percent will pay payroll taxes, the center projects. Of the remaining 18.1 percent with neither income nor payroll tax liability, 10.3 percent are elderly and 6.9 percent are not elderly but have incomes lower than $20,000. In other words, all but a tiny sliver of Americans without either income tax or payroll tax liability are either elderly or poor.

According to economist Joseph Stiglitz, the reduced paryoll tax and the cuts for the wealthiest Americans have not significantly affected the economy. He reports that the money has gone into savings, after the shock of the 2008 collapse. That money has not circulated to help stimulate the economy, as hoped. Part of "tax reform" should eliminate both reductions - the so-called Bush tax cuts, and the reduction of the payroll tax.

In addition, some changes in the tax codes will have to eliminate some of the deductions, or reduce them, that all taxpayers now enjoy. The mortgage deduction is a lalusible target - not necessarily for elimination, but modification. Mortgage deductions should be revised to occur on a sliding scale - say, below $100,000 outstanding mortage, no change; above that amount a graduated scale that ultimately eliminates the deduction entirely for mortgages above, say $350,000. A few years ago that would have included far more taxpayers than it will today. This sort of change is reduction of a "tax expenditure" rather than a tax incease.

U.S. tax codes now allow corporations to "offshore" their earnings and pay no taxes at all on them. Google, for example, is hiding literally billions by doing its banking in Ireland. This is a practice that must be eliminated.

One of the most scandalous aspects of the tax code is how it encourages outrageous compensation packages and bonuses for corporate executives, bankers and stock traders, and others. Realigning capital gains levies as well as levies on excessive compensation packages will go far to end that scandal, and promote much healthier management of businesses.

And eventually, the U.S. is going to return to economic recovery. In fact, cutting spending that stimulates the economy is an appalling concept. But if in the same situation as a national concern over debt and deficit the country chooses to invest in the economy and promote job growth along with economic growth - and yes, it is proven that such measures work, despite the falsehoods some put out - then that investment should be recaptured in the course of recovery. Much like the "sinking fund" for war debt, a special account in the Treasury should be set aside specifically to retire stimulus debt. A set-aside of increased revenues generated by recovery is one means of doing so.

It is quite possible to attack the nation's deficits and debt, intelligently, over time. But someone has to kick the rigid ideologues out of the conference room where the effort is put together.

For additional discussion of debt and deficits, see the following article:

http://langewinckler.newsvine.com/_news/2011/05/16/6654905-russian-roulette-saner-than-gop-debt-stand

  • 4 votes
#1.30 - Tue Aug 2, 2011 2:45 PM EDT

JoAnnaSmith1 - is that the same Dr. Rand who will not take the oral exam to become fully board certified? Whowser, no way would I let a doctor who was not fully board certified touch me, how could you trust an eye surgeon who is not fully board certified? Not me, God only gave me two eyes and since I'm a working person I doulbt I'd do well without them. Rand is a fraud, no way do I trust him. I've been working in medicine for over 25 years and one thing I know for sure - doctors who are not fully board certified are considered the "doc in the box" at the insurance company (the devil's spawn) or the small town, unequiped, understaffed ER.

  • 4 votes
#1.31 - Tue Aug 2, 2011 2:53 PM EDT

Job1 said,

I will never accuse the Republican-Tea Baggers Terrorist as being at the head of the class in smarts.

Well don't look now Ace, but those "repubilcan-tea baggers terrorist" took " the smartest President we have every had" or my personal favorite "the only adult in the room" and made him fold faster than a cheap lawn chair!!

  • 6 votes
#1.32 - Tue Aug 2, 2011 2:58 PM EDT

Board certified in what speciality Union Baby?

Union Baby, do yo even know what that means? Do you have any idea how many doctors are not board certified. I dare you to ask your GP.

Too funny Union Baby. Thanks for the chuckle.

Hey, job1 you don't seem to have answered my question: What is your definition of economic literacy? Oh and how come the smartest guy in the room got school by a bunch of illiterates?

If what you say is true and all the Tea Partiers are just plain stupid, it sure does not reflect so well on Obama and Reid, eh?

It sure don't, do it?

  • 3 votes
#1.33 - Tue Aug 2, 2011 3:45 PM EDT
Reply

And for their next trick the dems have decided to pivot to jobs.

And it only took 2 and 1/2 years.

Focus. Laser like.

  • 8 votes
Reply#2 - Tue Aug 2, 2011 12:54 PM EDT

They need to pivot to getting rid of the inmates running the House and get some actual members who are their to govern instead of grand standing while padding their pockets with the government salary and pensions and healthcare.

Then perhaps the entire government can have that focus instead of dealing with people make mountains of out of mole hills and mole hills out of mountains.

  • 3 votes
#2.1 - Tue Aug 2, 2011 1:02 PM EDT

You catch any of the speech, Spanky?

Obama really DOES think the voters are idiots- he's on about an "infrastructure bank"- cause folks are too dumb to know it's nothing more than another "shovel ready" jobs program.

Well, he's got a lot of bundlers who are expecting to get paid off, so he needs a chunk of change to tap.

  • 3 votes
#2.2 - Tue Aug 2, 2011 1:20 PM EDT

njnbnj: You catch any of the speech

In Obama's latest speech, did he mention anything about the GOP calling his bluff?

  • 3 votes
#2.3 - Tue Aug 2, 2011 1:26 PM EDT

If he did, I didn't heR it, JS1. . .

Although, clearly, they did. Turned out "going to the American people" backfired, big time.

They told Obama where to go. I'm pretty sure it wasn't Martha's Vineyard.

  • 3 votes
#2.4 - Tue Aug 2, 2011 1:30 PM EDT

Once again for grins:

"Bluffy the job-slayer."

  • 8 votes
#2.5 - Tue Aug 2, 2011 1:41 PM EDT

You guys & joanna are some of the most hateful and biased people. You have liberals completely wrong maybe you should actually speak with some of US and become informed on the real goals we support and why. I think you are so full of hate for this President that you can't even see past that hate. I bet you all will accept that Medicare and SS when it comes time for you to receive it if it hasn't already. You probably want "YOUR" country protected as well now don't you? If your goal was really to cut spending why didn't the GOP take the 4 Trillion $ deal?

  • 6 votes
#2.6 - Tue Aug 2, 2011 2:12 PM EDT

Actually KSMITTYCT, you are pretty correct, as far as I can tell my poor little repugnant tbagger congressman was flooded with calls and e-mails to get his act together, sure hope they don't redistrict me until I can use all of his lazyness against him in the 2012 election.

Come on No Joe - where are the jobs that bush promised with the tax cuts for the mega wealthy? They sure are not in my area. I think more people are working, and they are working better jobs, but pulling yourself out of a hole that someone else dug (8 years of repugnant president + 10 years of repugnant congess - what a nightmare) is not an easy task. It takes real working class American spirit to do that, and that is something the mega wealthy really hate. So please, show me the bush tax break jobs - I have not seen one yet. I have seen a lot of jobs created by the stimulus and tarp plans, some are long term, some are short term, all are welcome as long as they don't make some mega billionaire even richer. The working class is sick of working ourselves to death to make a rich man richer, that is a fact, accept it or get over it, cause as along as you drink the poison tea, you are part of the problem.

Go Wisconsin - send a brave new message and scare the heck out of the tbaggers!

    #2.7 - Tue Aug 2, 2011 3:00 PM EDT

    KSMITTYCT

    You guys & joanna are some of the most hateful and biased people. You have liberals completely wrong

    Dude (Dudette?), Welcome to First Read. I take it this is your first day, because if anyone knows exactly what the liberals on this board are all about, it is "you guys and JoAnna."

    See, this is why I keep coming back, y'all Libs are really, really funny folk.

    • 1 vote
    #2.8 - Tue Aug 2, 2011 3:18 PM EDT

    KSMITTYCY said,

    You have liberals completely wrong maybe you should actually speak with some of US and become informed on the real goals we support and why.

    I remember a lot of "hate for another President" and listened to you folks for 8 years and the vile things you folks said about "dubya" and that you didn't even say a word about the movie of his assassination. I could go on and on but I think you get the point or maybe just read some of Feisty's comments and you'll see all the "love" she has for her fellow Americans. So come back to reality and realize what comes around goes around... Actions speak louder than words, but I do like your plea :o)

      #2.9 - Tue Aug 2, 2011 3:29 PM EDT

      OMG- you can't make this stuff up! First we have KSMITTYCT with:

      You guys & joanna are some of the most hateful and biased people.

      Followed by Union Baby's:

      Actually KSMITTYCT, you are pretty correct, as far as I can tell my poor little repugnant tbagger congressman was flooded with calls and e-mails to get his act together, sure hope they don't redistrict me until I can use all of his lazyness against him in the 2012 election.

      Honestly? You kids take yourselves seriously? If you're going to accuse Team Elephant of being the hateful ones, maybe you ought to hang up your own insult ammo belt first!

      • 2 votes
      #2.10 - Tue Aug 2, 2011 4:17 PM EDT

      Amen to that Suzy!!

      But then again, those liberals think they are so superior to everyone else when they can't see their own obvious shortcomings!

      • 2 votes
      #2.11 - Tue Aug 2, 2011 5:14 PM EDT
      Reply

      For starters they can pass the Infrastructure Bill that the GOP/TP blocked in the Senate. Except this time make it bigger. This bill would have created the environment needed to rebuild our infrastructure creating hundreds of thousands of jobs, new revenue for both the Federal and State levels and a bevy of secondary jobs as well.

      No reason not too. I do not give us the BS about no money. If we are going to create jobs we are going to have to spend some money to put the proper tools in place to do so.

      • 11 votes
      #3 - Tue Aug 2, 2011 12:59 PM EDT

      Uh, yeah they did that already - the Stimulus. "Shovel Ready" and all that.

      But here's the rub - where is the money going to come from? There is no pot of cash sitting around, and they are scrambling and fighting over what is left right now. It's all about cutting government jobs and projects, not expanding them. Insolvency has consequences.

      All the jobs, at least the first wave of infrastructure building, would be government hires, or contractors getting money from the government.

      So how do we get over the initial hurdle of no start up money? Don't you think there is a reason the big brains in Congress didn't do this 6 months ago Navy?

      Come on- there are simply no easy solutions. I get your call for jobs, but you have to have an actual plan.

      So where does the money come from?

      • 7 votes
      #3.1 - Tue Aug 2, 2011 1:05 PM EDT

      "So where does the money come from?"

      Liberal's pat answer (for the past 75 years) : the money can come from the evil greedy rich, the billionaries who dont pay their fair share. The money is in their vaults, just sitting around.

      Reality (for the past 75 years) : the money comes from still-higher confiscatory taxes on productive middle class citizens to give to unproductive inefficient pork barrel wasteful government boondoggles.

      • 5 votes
      #3.2 - Tue Aug 2, 2011 1:11 PM EDT

      Simple Spankster!. Some of it comes from the reformation of the Tax Code...Some of it comes from those who sat behind their desks got wealthy by creating "new and exciting" products like credit default swaps and collaborated debt obligations. You know those derivative thingys! Perhaps the congress and the president just might change the rules to create incentives for manufacturers to actually make things in this country as opposed to shipping jobs overseas. In short Spanky we have become a country that glorifies paper pushers like "wall street investment bankers, accountants, and lawyers as opposed to engineers, teachers and builders. Whose side are you on?

      • 10 votes
      #3.3 - Tue Aug 2, 2011 1:21 PM EDT

      Bob: Liberal's pat answer (for the past 75 years) : the money can come from the evil greedy rich, the billionaries who dont pay their fair share. The money is in their vaults, just sitting around.

      And on Jan01/2013, the Democrats will get their wish and return to their Gold Standard of taxes, the Clinton Era Tax Rates. That will bring in about $450 billion more in taxes a year, minus the amount deducted because so many people are unemployed, and most of that money, about $350 billion, coming from the middle-class.

      And if that's not enough money for Obama, he'll just call up his friends in China and float a loan, they have lots of money.

      • 2 votes
      #3.4 - Tue Aug 2, 2011 1:24 PM EDT

      where does the money come from?

      Oh, I don't know, maybe obama can take another page from the Bush playbook and take the cost of the wars back off the books. That would be almost a couple trillion right there.

      • 7 votes
      #3.5 - Tue Aug 2, 2011 1:27 PM EDT

      You got it Navy, targeted spending for the thousands of joint public and private construction efforts for roads, bridges, power grids, clean energy plants. Re-authorize the FAA so that the already approved and under construction airport projects can continue--94,000 jobs right there.

      The GOP has blocked, obstructed and voted down job-creating legislation many times since 2009, in the name of the deficit but yet they were unwilling to raise taxes on the richest 2%, close tax loopholes and "socialist" corporate welfare subsidies to help raise revenues to invest in the country. Penny wise, pound foolish. Serious about the deficit, not really.

      If we want to reduce the deficit and debt now and in the future, the best way is through targeted spending to create jobs. For every government funded job, another 6 private support jobs are created. The more employed we have, the lower the deficit and eventually the debt. Anyone who ever took economics in high school should understand that. It's a take on an old saying, you have to spend money to make money.

      • 8 votes
      #3.6 - Tue Aug 2, 2011 1:29 PM EDT

      So, let me get this straight-

      We just went through this debt ceiling nightmare, cutting less spending than moat people wanted, and Obama and his cult members are going to start calling for ANOTHER stimulous package?

      You think calling it a "bank" is going to fool anybody at all?

      You think his numbers are bad now? Let him try that retread out on the campaign trail. He is not getting any more money to pay off his donors- no way, no how. In fact, some of those bundlers are hedging their bets. Steve Westly bundled half a million last time- and got half a billion for "green jobs",( thirteen, in fact). This time, he only bundled two hundred grand- I guess he realizes that if by some strange stretch Obama got re elected, there would be less tax money coming his way.

      Obama is going to find his new employment in the lucrative field of paid speakers. Good for all of us- only those who want to hear him will be subjected to his drivel. Oh, and he won't be able to do any more damage to the economy.

      Big win for America.

      Obama shelved in 2012.

      • 2 votes
      #3.7 - Tue Aug 2, 2011 1:40 PM EDT

      Well said, Torpedo You!

      • 6 votes
      #3.8 - Tue Aug 2, 2011 1:40 PM EDT

      Easy Torpedo - I'm on the side of private enterprise, the creators, employers, and most importantly, the tax payers.

      But tell us, what incentive can yo articulate that can be implemented to create manufacturing jobs?

      Something that will not run afould of the NLRB.

      Jody and Navy - let's try it again: Where will all that money come from?

      • 5 votes
      #3.9 - Tue Aug 2, 2011 1:45 PM EDT

      Jody and Navy - let's try it again: Where will all that money come from?

      Easy, Raise Revenue.

      • 4 votes
      #3.10 - Tue Aug 2, 2011 2:20 PM EDT

      Raise taxes? On everyone right? I don't need mine higher thank you! Oh heck, for giggles Corky, how much did you pay in taxes so far this year?

      • 1 vote
      #3.11 - Tue Aug 2, 2011 3:27 PM EDT

      Job11 - even Obama gets that's no longer possible.

      You are so economically literate, you must have an actual solution, right?

      Economics, like presidentin' is hard, right Job1?

      • 1 vote
      #3.12 - Tue Aug 2, 2011 3:47 PM EDT

      I see the selfish single-minded drones are out in mass today.

      Just about every economist agrees that one of the best and fastest way out of this mess is to create Jobs. Jobs generate revenues both at the federal level and State Level. They reduce the claims for UI, Food Stamps and Medicaid. All things that lower the deficit. Also these jobs have a multiplier effect as people have more money in their pocket so they by more goods from local merchants which in turn hire more people to handle the demand for their goods and services.

      This does not happen by waving a magic wand. It takes a targeted Jobs Bill which sets it up and the proper funds to see it to completion. The money spent now keeps coming back year after year as these people keep working and spending and the economy keeps growing.

      Sitting on your A$$ doing nothing and pretending Spending Cuts is the only thing to do is pure stupid BS. It will not work and may make things worse.

      Taxes may also have to go up. You can start with the Hedge Fund Managers and the 40 or 50 richest people and make them pay their full share instead of 15%. This would generate over 50-60 Billion right there that would have paid for the Infrastructure Bill. Dump the tax loopholes and incentives to Big Business and the Oil Companies - another 40-50 Billion.This is what President Obama wanted to do with his Infrastructure Bill. It was 100% paid for. Get rid of the tax cuts to the richest 2% another 150 Billion PER YEAR by increasing their income taxes, capital gains and estate taxes to Clinton Levels. Right now the costs are 69 Billion for the income tax side and 81 Billion for capital gains and Estate taxes. That is 150 Billion per year right there alone.

      Look, theonly way this works is with Spending Cuts and Increased Revenues. There is no reputable economist that says cuts alone will fix all the problems.

      • 4 votes
      #3.13 - Tue Aug 2, 2011 3:53 PM EDT

      So Navy,

      These government jobs that you want created. Of course they will be jobs only for union laborers right? No need to answer we already know the answer to that question.

      So now we know that there will massive cost overruns. We also know that the jobs will NOT be completed when the contract specified

      And last of all, we now know that whatever job it is, it will have to be redone by a private company in about a year, resulting in even more cost to the taxpayer.

      Yep sounds like a good way to create jobs and WASTE taxpayer dollars to me. Remember we tried this already, It DIDN"T WORK

      What is the definition of insanity, repeating the same behaviour over and over again, but expecting different results. We have to stop the insanity, by both parties

      • 1 vote
      #3.14 - Tue Aug 2, 2011 4:34 PM EDT

      janet-489369

      So Navy,

      These government jobs that you want created. Of course they will be jobs only for union laborers right? No need to answer we already know the answer to that question.

      You are a liar. I did not say anything about "GOVERNMENT JOBS" so stop trying to put words in my mouth. If you knew anything at all instead of being a walking drone I was talking about Infrastructure Jobs - Private Jobs.

      Show me where in my post I said anything about "Public Jobs".

      You may be able to get away with lying about somebody else but not with me. You have been exposed as a tea bagger - Thanks for playing

      Another tea bagger that either cannot read or just outright lies. Which is it???????

      • 1 vote
      #3.15 - Tue Aug 2, 2011 4:58 PM EDT

      Hi Navy,

      They are a pretty slow bunch.

      I feel like a school teacher who has a class full of the class dummies that can’t or want understand simple economics. I tell you these Republican- Tea Bagger AAA terrorist are so illiterate as far as the subject is concerned. Of course their leader who used to be President was in the same boat.

      • 3 votes
      #3.16 - Tue Aug 2, 2011 5:00 PM EDT

      Wasn't the stimulus supposed to do that with the shovel ready jobs that "Weren't so shovel ready. Ha Ha." His laugh not mine. Why will this be any different???

        #3.17 - Tue Aug 2, 2011 6:38 PM EDT

        US Navy Disabled Veteran - Retired

        For starters they can pass the Infrastructure Bill that the GOP/TP blocked in the Senate. Except this time make it bigger.

        Good grief Navy, 'make it bigger this time?' How big do you want your shovel to be? We need more spending? Isn't thaty how we got in this mess during the past 2.5 or so years?

        I see the selfish single-minded drones are out in mass today.

        They are NavyBoy, and you head the list for drones. Your compatriots from the Progressive Fan Club still don't get it, do you? The Spending Party is almost dead on arrival in this next election, and you can spin the achievements of the liberal groups all you wish to. You have approximately 15 months to try to spin the lies into truth, but you and your libbie friends will have great difficulty attempting to control the masses to your logic.

        The truth is, the Elephant is winning over the donkey mentality. Barry O, RockStar and the progressive element has made people aware that government serves the population, the population doesn't serve big government.

        NavyBoy, you seem to have an answer for everything. Perhaps you should run for a seat in the Senate. You'll fit in with Harry, Dickie and the amazing Chuckie (Fanny and Freddie are solvent) Schumer. You can be the 4th Stooge.

        Oh, did you receive your disability check deposit to you account over the weekend NavyBoy? That was prior to the crisis vote guy.........Still want to cause fear with that position? It's OK to tell everyone you bought into the liberal line and lied to the communtiy. Go on NavyBoy, admit you helped to spread the fear. Everyone already knows you are a windbag.

          #3.18 - Tue Aug 2, 2011 7:46 PM EDT

          Navy - What is the identifier of the Infrastructure Bill you are referring to, so I can look up what the bill covers and the cost involved?

          Also, is this similar to the jobs that were created by the Stimulas package? I am not judging, but as an observation in the area of the country where I live. I did not observe any result, positive or negative, in the economy or the job market as a result of stimulas funded projects.

            #3.19 - Wed Aug 3, 2011 10:40 AM EDT
            Reply

            Madame President Clinton would have made the the ECONOMY (The main reason why a democrat was elected in 2008) an infrastructure bank, job creation and deficit reduction the centerpiece of her FIRST term. This president and this administration devoted more than a year to a HCR bill that drained the energy, political capital and focus from the economy. There are no "do-overs" in life. What will happen in the next round of "cuts without revenue enhancement" coming up for Christmas?

            What is the president going to forfeit next in the name of "compromise"?

            http://www.dailykos.com/story/2011/07/18/995602/-Middle-Man-and-the-Debt-Ceiling-Debacle

            • 4 votes
            #4 - Tue Aug 2, 2011 1:20 PM EDT

            I agree with you, dangerfield. I have said in the past that I would have had serious disagreements with a Hillary Clinton administration- as many, if in different areas, as I would have had with a McCain administration.

            I'm pretty certain the country would be in far better shape than under this incompetent administration.

            • 7 votes
            #4.1 - Tue Aug 2, 2011 1:27 PM EDT

            Bingo, Dangerfield, re hillary and what is next to be given away!

            Except, the problem with the HCR debacle wasn't that it was done, but that it was the second, most egregious example of Obama trying to make something more palatable for people who were screaming in his face that they weren't going to even take a nibble.

            • 2 votes
            #4.2 - Tue Aug 2, 2011 1:37 PM EDT

            I voted for Clinton in our primaries, she would have had the cajones to bop Boehner in the head! Maybe another Clinton could have helped to create another surplus of $7 Trillion over 10 years!

            • 4 votes
            #4.3 - Tue Aug 2, 2011 1:43 PM EDT

            Reality check, a President Hillary Clinton would have faced the same obstructionist tactics as President Obama has. Or have you forgotten the enormous amount of time and tax payer money spent by republicans investigating the Clintons for 8 solid years? That is wishful thinking, dangerfield. President Clinton, and his wife is a great deal like him, signed NAFTA, DOMA, DADT, made massive cuts in medicare without a peep of objection from democrats. Clinton compromised with republicans for all those things he did, he especially compromised on medicare cuts.

            I like Hillary Clinton but am a realist and this is not about which democrat won the presidency; in the minds of the republicans, it is about the fact that any democrat won the presidency--simple, easy to understand fact. It isn't WHO won, it is that a "D" won.

            • 7 votes
            #4.4 - Tue Aug 2, 2011 1:49 PM EDT

            Jody,

            Hillary KNEW what and WHO she was dealing with and is an EXPERIENCED hand who had her husband's 8 years to draw upon. A realist doesn't discount reality. It IS about which democrat is president. President Obama made a fatal tactical mistake in taking on HCR that is the reason why we didn't focus on the ECONOMY and JOBS.

            President Clinton wouldn't have split the party over health care reform as her first act when she had control of both houses, and that is reality. The democrats would not have suffered an historic mid-term election defeat and we would NEVER have reached the ridiculous heights/depths of the debt "crisis"

            You're an apologist, not a realist, at least when it comes to the failures of this administration...

            • 4 votes
            #4.5 - Tue Aug 2, 2011 2:00 PM EDT

            You people are silly, Hillary could not have done any better, the Congress is why Obama is having problems getting things done, it only takes one member of Congress to stop the progress of legislation, they have taken various procedural tricks way past the level of what they were meant to be used, the fake filibuster is invoked on a near daily basis, to have an effective Congress you have to have honest Congress persons with some integrity and morals that want to do what's best for the country, not many of the current gaggle on the hill fit into that category.

            • 2 votes
            #4.6 - Tue Aug 2, 2011 2:09 PM EDT

            W-

            Guess you don't remember having super-majorities in the house and senate back in 2008...HCR was passed without a SINGLE republican vote, so an infrastructure bank, jobs program, tax reform and deficit reduction, could all have been passed INSTEAD of HCR...

            This President could have embraced his own debt commission...but he failed to do that...

            • 6 votes
            #4.7 - Tue Aug 2, 2011 2:18 PM EDT

            Dangerfield the Dem's had a super-majority in little blue blocks on the TV screen, but you know as well as I that after you take in to account the blue dog faux Dem's and various other wanna-be repub fence setters that were masquerading as Dem's there was in reality, congressional voting reality anyway, no Dem super-majority, ever.

              #4.8 - Tue Aug 2, 2011 2:44 PM EDT

              Ooohh, dangerfield...

              You're cutting dangerously close to the First Read bone with these remarks.

              First Read is about President Obama...not about the principles of the Democratic Party, or liberal principles in general.

              Even Steny Hoyer is saying the President should have gone to the mat for Bowles-Simpson.

              They may question your Democratic Party loyalty, dangerfield...

              Let's see them question Hoyer's as well.

              • 5 votes
              #4.9 - Tue Aug 2, 2011 2:45 PM EDT

              Coulda shoulda woulda you'd still find fault!

              • 1 vote
              #4.10 - Tue Aug 2, 2011 2:55 PM EDT

              C'mon MB, too predictable.

              you're better than that...aren't you?

                #4.11 - Tue Aug 2, 2011 3:12 PM EDT

                Rebut, rick.

                YOU'RE better than that, I hope.

                Did Hoyer say it...or not?

                Question is...

                Can you rebut...or not?

                • 1 vote
                #4.12 - Tue Aug 2, 2011 3:31 PM EDT

                They may question your Democratic Party loyalty, dangerfield...

                ________________________________________________________________________________

                MB-

                Even though I'm more an indy now, I know that must be your gentle sarcastic wit...

                  #4.13 - Tue Aug 2, 2011 4:37 PM EDT

                  rick,

                  [C'mon MB, too predictable.] [you're better than that...aren't you?]

                  No, he's not...always quick to ask a question, but ohhhhhhh soooooo sloooooooooooooooooooow to answer one....much like Spanky...hmmmm...quite the bromance those two have going on.

                  • 1 vote
                  #4.14 - Tue Aug 2, 2011 5:46 PM EDT

                  lol, Mickey-

                  You and Feisty...

                  Like minds.

                  That's very faint praise, indeed...

                  Isn't it, Mick...?

                  Oops...

                  Another difficult question...

                  My apologies, Mickey.

                    #4.15 - Tue Aug 2, 2011 6:57 PM EDT

                    I also am in favor of Mrs. Clinton stimulating the economy. Remember how she turned a simple $1K investment into $100K almost overnight! Imagine what she could do to the remaining US Dollars in the Treasury.

                      #4.16 - Tue Aug 2, 2011 7:47 PM EDT

                      Mixed,

                      Prove me wrong...

                      ...you won't...

                      ...because you can't...

                      Are you here to debate, or are you here to vomit emotional, ideological talking points? I understand you don't know what's really going on, much like the rest of us, but for God's sake, stop trying to fake it...it makes you look...well...FAKE.

                        #4.17 - Tue Aug 2, 2011 8:04 PM EDT
                        Reply

                        Now that the Marxist liberals got more of the american peoples money to spend without any real spending cuts, we will now see our AAA rating be downgraded as this POS bill does not cut any real spending and adds $7T to the debt. Moody's and S&P to congress that we need to make $4T of cuts over the next 10 years or face a downgrade. You libs should be very proud.

                        • 2 votes
                        Reply#5 - Tue Aug 2, 2011 1:29 PM EDT

                        Apparently some people choose to ignore fact or are unaware that all those corporate tax loopholes--corporate welfare is a nice term for it--tax breaks for special interests such as farm subsidies, oil subsidies are "socialist". Schools, fire and police departments, highways, interstates, bridges are all socialist. They are good socialism because everyone benefits from them and everyone helps pay for them.

                        • 7 votes
                        #5.1 - Tue Aug 2, 2011 1:55 PM EDT

                        Boehner, Cantor and McConnell..."YEA", "YEA" and "YEA".

                        But it's not their fault, right?

                        Brutus...STILL an honorable man!

                        • 4 votes
                        #5.2 - Tue Aug 2, 2011 2:00 PM EDT

                        Moody's and S&P to congress that we need to make $4T of cuts over the next 10 years or face a downgrade. You libs should be very proud.

                        We are proud. If you remember back a few days ago, the $4 Trillion deal was on the table and the GOP refused it. Not the liberals my friend, the GOP. So stick your comment up your a$$ where it belongs. Dumb a$$.

                        • 5 votes
                        #5.3 - Tue Aug 2, 2011 2:21 PM EDT

                        What exactly is the definition of a marxist liberal?

                          #5.4 - Tue Aug 2, 2011 2:32 PM EDT

                          Yeah, I take exception to that statement. I am happy to be a Terrorist as Joe Biden states I am.

                            #5.5 - Tue Aug 2, 2011 7:49 PM EDT
                            Reply

                            It's going to be hilarious to see every Republican who voted for this bill primaried because they cut the debt by half of what a Democratic President wanted.

                            $2.1 trillion vs $4 trillion. So much for the GOP being the party of deficit reduction. A Democratic President outflanked them and will definitely be reminding voters that Boehner, Cantor, and McConnell all walked away from $4 trillion in debt reduction so that they could pass a $2.1 trillion debt reduction plan.

                            • 9 votes
                            Reply#6 - Tue Aug 2, 2011 1:36 PM EDT

                            Now, the Tea Baggers can keep their rating as AAA Domestic Terrorists.

                            Raise Revenue, cut defense spending and spend baby spend to get our infrastructure re-built, and the people back to work.

                            • 5 votes
                            Reply#7 - Tue Aug 2, 2011 1:37 PM EDT

                            job1, you must be in that field. Do you think that "infrastructure" is the only work that Americans do?

                              #7.1 - Tue Aug 2, 2011 1:50 PM EDT

                              Infrastructure jobs means money in people's pockets which leads to demand, sonmanvb, in all other areas of work.

                              • 8 votes
                              #7.2 - Tue Aug 2, 2011 2:00 PM EDT

                              Lucious

                              I don't know any ones educational background but my own, so first of all I'm a Certified Public Accountant, who minored in Economics and worked in banking as an Accounting Policy Analyst. Now that that's out o the way, the only way for a struggling economy to rebound without private sector jobs is through government expenditure, I'm sure many of you are aware of the multiplier effect, for every dollar the government puts into the economy you gain at least 2x in overall expenditures. Furthermore, for all you Flat tax or sales tax believers both methods put a disproportionate tax burden on the middle class and poor, who spend the dollars just to subsist, while the rich invest or park their cash offshore to avoid taxation on investment income. Trickle down does not work never has never will.

                              And as far as the small business are concerned many do not have taxable income over a million dollars and the tax increase is marginal, meaning that every dollar over, say $250,000 is taxed at the higher rate not the whole million.

                              • 1 vote
                              #7.3 - Tue Aug 2, 2011 3:02 PM EDT
                              Reply

                              Which party is going to take credit for the double dip recession we are about to plunge into? Now D.C. will do nothing but talk about the damned "super commission" and the resulting ruckus their recommendations stir up, then they will talk about who will win that squabble, then they will talk about why the winner won, so on, anything other than "jobs". How on Earth can our government justify being involved in 3 armed conflicts which we have to borrow a billion bucks a month to maintain, none of them can even come up with a credible reason why we are in Afghanistan, hell they don't even try anymore, but at the same time they drone on constantly about how we can not afford Medicare and social security, which the citizens have paid into all their working lives, it would be funny if it weren't so sad, the government don't bat an eye about forcing millions of Americans to live in poverty, but mention anything to do with the bloated and corrupt military pissing billions away on nothing and they get all bristled up start shouting terrorism, national security, whatever the faux patriotic buzz word of the day is, everyone knows that corporations don’t pay the taxes they should, are subsidized with taxpayer funds, people with money have littered our tax laws with loopholes and exemptions so that they can dodge what they are supposed to pay, the poor slob that earns a weekly check is the only taxpayer required to pay what their “actual” tax is, the United States of America has a very generous welfare program, for the rich anyway. This country really sucks if you have to work for a living, you are not allowed to get ahead, and everyday millions of Americans come closer and closer to sliding from what's left of the middle class into poverty, stagnant wages and inflation are devastating the masses and the people in D.C. just turn their heads away and show everyone statistics about how wall street is doing ok, how the rich are getting richer, and how cutting spending on social programs is going to save the world, only problem is the world they are saving is the world of the affluent wealthy bastards that ruined the country for the other 90% of Americans, a world where politicians protect the wealth of the wealthy for a few bucks, a world that can't be accessed without checking your morals and integrity at the door. Make no mistake; the average American is without a government, with the technology developed in polling over the past few years coupled with a press that will report whatever they are told to your vote isn’t even a concern for D.C. anymore, they don’t need your vote, they can vote for you. God Bless America far and away the most powerful banana republic on Earth.

                              • 2 votes
                              Reply#8 - Tue Aug 2, 2011 1:49 PM EDT

                              w bush: everyone knows that corporations don’t pay the taxes they should

                              The above is a correct statement as corporations don’t pay taxes. YOU pay for them. Ever look at your phone bill and see the fed and state taxes you are paying? Ever look at an airline ticket and see the fed and state taxes you are paying? Ever wonder why "things" cost more? Businesses pass the taxes on to you, some in higher prices's and some in unemployment as with a smaller businesses will let people go so they can make up the difference in order to pay those taxes.

                              • 2 votes
                              Reply#9 - Tue Aug 2, 2011 1:56 PM EDT

                              So what's the answer sonmanvb? Keep coddling corporations that don't want to help this country and hope they change their minds and do the right thing?Since the supreme court decided corporations have the same rights as "persons" only seems fair and just they pay taxes at the same rate other persons do, why should they receive any special treatment concerning taxation since they are just one of the guys now?

                              • 1 vote
                              #9.1 - Tue Aug 2, 2011 2:23 PM EDT
                              Reply

                              I can't wait for Mr Obama to have to face real questions from actual voters, instead of phony questions from his lap dogs in the media. The politicians think that the voters are now fooled into believing the debt and deficit spending issues are now resolved by passage of this new legislation, but that is false. Most voters understand that the law just passed does not stop deficit spending (it only slows it ) and it does not stop debt building. In fact, right out of the box, it increases the debt by another $400 Billion and an addition $500 billion is to be tacked onto the debt in the fall.

                              So I'm sure many voters, if he allows voter questions, will be asking Mr. Obama the following;

                              Mr. President what are your plans for stopping deficit spending? When will deficit spending stop under your administration? What are your plans for getting the huge federal debt paid? How long will that take and how will it be done? Given that tax increases alone will not be sufficient to pay down the debt and stop deficit spending, what cuts are you proposing to be made in spending? Which programs will be subject to cuts and how big will the cuts be for each program? Mr. President, you have often talked about a" balanced approach" to solving our deficit spending and to eliminating the debt, yet you have failed to propose a process by which we can reach a balanced budget at any time during the next 10 (use any number you want 15, 20, 30 etc..) years, but instead continue to propose plans that will continue deficit spending and debt building, why are you opposed to working towards a balanced budget in the near future and why do you oppose a balanced budget amendment that forces Washington to live within the country's means? Lastly, Mr. Obama, we would appreciate it if you would give concrete answers to our questions, because we are sick of your vague pie in the sky rhetoric that you do not adhere to when the rubber hits the road.

                              • 1 vote
                              Reply#10 - Tue Aug 2, 2011 2:33 PM EDT

                              Kevin I don't think anyone thinks the bill just passed stops deficit spending or balances the budget, including the President, nor has anyone stated that it was supposed to do such. It would have came closer to your rather lofty goal if the Republicans would not have rejected the 4 trillion dollar plan Obama offered. Anyway you could pose all those questions to any politician Dem or Repub and the answers you get would be about the same, fact is it took a long time to acquire the national debt and it will take a long time to get rid of it.

                                #10.1 - Tue Aug 2, 2011 2:57 PM EDT

                                Hey W

                                I agree with what you say, except the part about the $4trillion. That leaves out a lot of details and factual information. But that doesn't mean that we should not demand to know the answers to the questions I think Mr. Obama should be asked. The same questions should be asked of his opponent(s). And we should judge each of them in accordance with their abilities to come up with concrete solutions. But, so far, Mr Obama has not given any answers and has not proposed any solutions. And he is the one currently at the helm.

                                  #10.2 - Tue Aug 2, 2011 3:43 PM EDT
                                  Reply

                                  I don't know any ones educational background but my own, so first of all I'm a Certified Public Accountant, who minored in Economics and worked in banking as an Accounting Policy Analyst. Now that that's out o the way, the only way for a struggling economy to rebound without private sector jobs is through government expenditure, I'm sure many of you are aware of the multiplier effect, for every dollar the government puts into the economy you gain at least 2x in overall expenditures. Furthermore, for all you Flat tax or sales tax believers both methods put a disproportionate tax burden on the middle class and poor, who spend the dollars just to subsist, while the rich invest or park their cash offshore to avoid taxation on investment income. Trickle down does not work never has never will.

                                  And as far as the small business are concerned many do not have taxable income over a million dollars and the tax increase is marginal, meaning that every dollar over, say $250,000 is taxed at the higher rate not the whole million.

                                    Reply#11 - Tue Aug 2, 2011 2:48 PM EDT

                                    There is no question this country has a debt problem. It started shortly after 9-11 and our Government started telling us we had to be afraid, afraid to fly, drive, ride a bus, train, walk down the street, or go to an event, just be afraid. Not to worry our Government was here to protect us, take away or Bill of Rights, create one of the largest Government departments to date "Homeland Security" and get us involved in two wars. At the same time we had to cut taxes for the rich and corporations, Wall Street and the banks went nuts and unregulated greed spread, then a deep recession. Now we are 14 trillion in debt and just can not figure out what went wrong or how to fix it except to blame the other guy. Problem is we are all the other guy. We put ourselves here every last one of us. We have become a country of whinners afraid of shadows day or night. We are so afraid we attack anyone who does not agree with us or our beliefs, we have to control everyones life because we can not control our own. When did this happen, how did this happen to us. We allowed fear to control us, we allowed a few to control the many.

                                    How do we fix this, by working together, by not being afraid all the time that someone may try to hurt us, guess what that is just life, more people in this country die from natural disasters, auto accidents and health issues than have ever been killed by terrorist, what have we done to stop those events? We need to lose our fear of the other guy and start working together not as christian, muslim, jew, black, white, brown, red, blue or green, but as Americans. This includes the Corporations and rich who are not working for anyone but themselves, as someone on these blogs stated Companies are in business to make money not hire employees. How dense can one be to make that kind of statement. Business does not care about people just how much money they can make even though it takes people to make that money, it takes people to buy the product to make the money but who needs employees we are just lice on the back of society. Good way to work us out of this problem right? We have been divided by plan and actions it is deliberate, we have been made to be afraid intentionally and without real cause. Blame whoever you want but it does not change the fact of it. So lets stop the madness and fix the issues together for who we are first, Americans. Everyone of us, individual or company has to understand we will not survive as Americans if we continue on this course of hate, fear and greed. How good is the sports team that goes on the field and all work as individuals and not as a team, how well do they do? Stop blaming the other guy for all the problems because we are all the other guy to someone.

                                      Reply#12 - Tue Aug 2, 2011 3:04 PM EDT

                                      There will be no "age of austerity" in the coming years.  The fact of the matter is that The Tea partiers are not interested in austerity, just scratching the backs of the wealthiest 1%.  We had an "age of Austerity" during Clinton's last term, and conservatives could not wait to blow through the budget surplus, with unneeded tax cuts, and idiotic Iraq war.  After all, didn't the appropriately named former Veep/War Criminal Dick Cheney say that "deficits don't matter"   ...unless there is a Democrat in the White House.

                                      • 2 votes
                                      Reply#13 - Tue Aug 2, 2011 5:35 PM EDT

                                      Well the "Hoodlum's On The Hill" lead by "Bonehead Boehner" and his silly sidekick "Crazy Cantor" did it. Again! The "Gross Odd People" (GOP), and the "Really Not Competent" (RNC) took their country to the edge of the economic cliff. They voted earlier to throw the elderly off the economic cliff. Why not throw the whole nation of the clliff? Can I please have a cup of tea first? Oh! That's right they gave my tea to the very rich! Good Work Tea Beggers! Really Smart?? Not! Now if "Brainless Bush" was still in office the raising of the debt ceiling would not be an issue at all. What a poltical double standard GOP/RNC! The Tea Beggers were politically spewing. Again! They let the big corporations keep their huge tax loop holes. Especially big oil! Good work Tea Beggers! Then they want the very rich to keep their huge tax breaks. Again! Then the "Hoodlum's On The Hill" voted to end Medicare in their House of rotten tea. The large CEO's of very large corporations, and the large insurance corporations are drinking a big cup of tea tonight. The really greedy part of this is that. The Middle Class, the Working Poor, the elderly, and the disabled paid the taxes for them. Where is the revenue coming from to pay off our huge debt? The Middle Class is broke America! The elderly can go back to work to help pay off the debt. Maybe the disabled can work to pay off the debt. Oh! That's right! The GOP/RNC have not created the jobs they promised. The GOP/RNC have promised to keep their word economically to the Koch Brothers. Don't forget about the big oil CEO's! Since when does cutting taxes for the very rich cut the nations debt?? It does not help cut the debt at all! Hey! Ho! Ho! The Party of "No" has got to go!! Getting ready to vote America?? I hope so!

                                        Reply#14 - Tue Aug 2, 2011 6:11 PM EDT
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