If the bipartisan Congressional committee tasked with reducing long-term federal debt does not agree on a deal by Thanksgiving, it will trigger trillions of dollars in across the board cuts, but the committee is finding it difficult to agree on taxes and entitlements. NBC’s Luke Russert reports.


Seriously i am very tired of being "pissed " on XDuh take your supply side and kiss my young ass ,
Interesting how "entitlements" has become such a negative thing. Think about it. Entitlements are things people are, well, entitled to. Why? Because they paid for them. Things like Social Security and Medicare are not handouts. They were paid for by the very people who are owed the payments.
Only that way to the right....they like taking what other people earn and getting uber rich that is capitalism to them..
well gee know that i can retire at 74 maybe 80 .... look here kids . I I paid for ya kids not the "GREATEST GENERATION . ME and folks like me.; DUH.
and quite personally fook yuou , you can kiss myu ass
Did i mention the fooking REPUBLICANS ARE FOOKIN' CRAZY ????
GOOD GODE DAMN I Cant Li9saten to any more .
Maybe they'd accomplish something if they donned superman costumes. Just a thought...
...
These are some ideas about cutting the National Debt. Start by closing all the military bases in foreign countries that we can do without. Of all the 192 active military bases overseas, 54 of them are in Germany alone. Stop using the military as the world's police department. Keep the amount of naval battle groups we have at ten. Stop building the F35 jet and build more F22 jet's instead. Stop all foreign country expenditures ( Israel, Pakistan, Egypt, Korea, Taiwan, Afghanistan, Iraq,) Get all the troops out of Afghanistan and Iraq now. Stop spending money on worthless Diplomacy (if you attack us we destroy you). Cut all subsidies to any company that's not creating jobs here in America. Cancel all subsidies and contracts to any foreign company that has made any profits from American contracts but did not reinvest that money here. Force all banks, mortgage, investment and finance companies that sold toxic investments to buy them back or lose there ability to do that type of business. Prevent any person or company from getting a government contract if that person or company is being investigated or found to have committed fraud against the government. Increase the jail terms of anyone caught and convicted of fraud involving Medicare, Medicaid and any type of government contract or program. Close the SEC and give all responsibility for fraud prosecution to the Justice Department (No more get out of jail free fines). Replace the tax code with one that is more in line with 2011 not 1986 when it was last revised. Increase the FICA ceiling.
Are you Ron Paul ?
If all of your ideas were enacted, exactly how much would the national debt be reduced by?
Another example how out of touch with reality these people are. They don't have a clue on how to right this Country whether they are R or D. With a leaderless White House, all of them are like dogs chasing their tails. They only stop long enough to lick their butt.
What this country needs is an occupy Washington Movement of at least a million people.
Kick this "BUM" out of office ..he doesn't serve the people ...only his own wealthy republican friends !....He has held this country hostage for way to long !
wonder what their meeting food tabs amount to.
Super committee wrestles with deficit, but finds that it merely has to sit on them to win.
Really, this is more like watching a rigged boxing match, there is more sport in figuring out who rigged it in the locker room then there is watching the fighters.
They are NOT entitlements- they are earned benefits. People have contributed to Social security all their lives. They've earned social security payments. The government should stop raiding the fund. Raise taxes on the rich. Make them and big corporations pay their fair share instead of nothing.
I am so sick of this FAIR SHARE CRAP it isn't funny. What is a fair share? Why don't the low life's pay anything yet they feel they are entitled to collect Social Security and Medicare. You talk about people paying into the system and earned what they are getting, What about the pieces of crap that don't work and still except the money to keep rolling in. The ones that do nothing but pop out babies and live off the rest of us that have to pay taxes Why are they not paying their fair share
well, openminded....it's no wonder your sick of it. You don't have any facts right lol. Watch something other than faux for your information needs lol
Tell me the fact as you get them from MSNBC
Openmind: Or should I say closed minded. What are people suppose to do if they can't find a job, have run out of unemployment, and have no other source of income? Yes, there are some lazy people. And people giving birth to a lot of children. But some states don't want to cover birth control or other possibilities. What are they suppose to do? Be like the republican religious right that are suppose to be such good Christians and let people wander around the streets without food, healthcare? Let children die? It's funny that you are so upset about "welfare" for the poor and you aren't mad about the welfare for the wealthy. There are big corporations that haven't paid a penny & getting money back and you're not upset about that. What a hypocrite!
I am ashamed of the state of the country I love and fought for.
Shame on you elected leaders...can kickers...self enrichers...insider traders...bought at auction continually campaigning drains on freedom S.O.B's !!!
Guys, I just heard that Dems offered tax cut for the riches and removal of itemized deduction for the mid class. Yes, Dems not Repubs offered this. I hope this is not final. We sure can't afford to lose our mortgage interest credit.
One thing we can count on, if these to prostitute parties get together the people will be screwed. They thoroughly intend to place almost all the burden of deficit reduction on our hurting people. This will drive us on giant step closer to depression and chaos.
The interest we pay to banks on money they stole and we owe will not be cut by one penny. The needy will be further sacrificed for the greedy. The capital gains tax where most giant money is made will stay at 15%.
A 1/2% charge on all derivatives, stock and commodities trades would put us in surplus an affect mostly giant day traders and market manipulators. It won't happen. We are in bad need of a government. This one is already taken.
Super Committee? What a horrible way to govern. Американская глупость
These super idiots are shutting down the ideas of the other hundreds of officals we elected to represent us! If these so called protesters should occupy something, it should be the halls of congress and senate!
I am all for cutting "entitlements" folks, they include;
1.congressional salaries
2.congressional health care
3. free corporate plane rides for congressmen
4. free corporate hookers for congressmen
5. you get my drift - they think they are "entitled" to these perks yet are so idiotic as to think programs we the people have been forced to pay into all our lives are in the same class. Got news for you - SS and Medicare are a forced contract with the American people and as such MUST be honored - if you and your predecessors had not raided these funds to pay for war and the military industrial complex from Vietnam forward we would not be in this mess. If you think the "Occupy" movement is a bummer just imagine 50,000,000 depends wearing older Americans who are owed NOT entitled to the SS/MEDICARE marching down the Washington mall dropping their depends all the way to the capital and the white house. sort of a @!$%#ty response to a @!$%#ty congress don't you think? BUTT Justified!
1. Raise
retirement age.
2. All state
will do sales tax and state payroll tax to generate revenue
3. Option to
opt-out of social security. You will no longer pay social security tax, payroll
taxes and no social security retirement check. What you paid for in social
security will be returned to you in one lump sum or installments. Age
limitation set at 30. So only people over 30 have to stay on social security,
and those who don't opt-out and prefer to get social security at age 70
4. Eliminate
all corporate federal income tax. No individual tax for people below poverty
level, progressive for middle class, above that flat tax at 20 percent. You
will see in-sourcing of jobs and capital into the United States
Knowing that cuts have to be made to the deficit, why are they targeting what is needed in the budget and not the drains. We don't need Earned Income Credit(EIC) lets faze it out over 5 years, after all it was created to only be $500.00 for the low wage earners now it is over $5000.00. Why not take the federal tax system and make it like the states. Once you get to zero there is no money sent to a tax payer, after all once you get to zero you aren't really a tax payer.
A study was done years ago and it found out that increasing the retirement age would keep more people in the working pool and increase unemployment. If the government hadn't messed with the money in social security they would have the money that was needed for retirement payouts. Allowing people to retire at age 62 would decrease the unemployment rate.
The disparty in incomes from the 1% to the 99% has grown in the last 10 years so it's the highest income disparty EVER......The wealthy saw a 240% increase in income while the middle class saw their incomes flatline. Where once they owned 27% of the total wealth they now own 40%....
I say tax the crap out of those (so called job creators, who aren't creating jobs) until the wealth distribution is back to 2000 levels.
Since they are incapable or unwilling to create jobs, screw them. I have no problem with people getting wealthy, but when you create an tax system that plain favors one class over the other (The Bush Plan), it's time to stop it.