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Subscribe to RSSIf Congress can't agree on a deal to avert the fiscal cliff, the president said taxes will rise by about $2,000 for the average family. NBC's Kristen Welker reports.
HATFIELD, Pa. -- President Obama today continued his efforts to push Congress to extend the Bush-era tax cuts for income below $250,000 with a visit to a toy factory here in suburban Philadelphia.
"We talked about this a lot... We had debates about it. There were a lot of TV commercials about it," Obama said. “At the end of the day, a clear majority of Americans -- Democrats, Republicans, independents -- they agreed with a balanced approach to deficit reduction and making sure that middle-class taxes don't go up.”
Recommended: White House 'surprised' by GOP 'surprise'
The non-partisan Tax Policy Center says if these tax cuts expire at the end of the year -- as they are set to do -- about 90% of Americans would paid more in taxes and middle-income families would see their taxes rise by about $2,000.
Obama didn’t present any new ideas in his first speech since House Republicans rejected Treasury Secretary Tim Geithner’s proposal that he presented in meetings with congressional leadership yesterday. That proposal included $1.6 trillion in tax increases, $400 billion in cuts to Medicare and other programs, and ending Congress' control of the debt limit.
But Obama did couch his frustration with Congress in humor.
“I've been keeping my own naughty and nice lists for Washington," he said at a Rodon Group plant that makes the popular K'nex brand of toys. "So you should keep your eye on who gets K'NEX this year. There are going to be some members of Congress who get them, and some who don't."
Susan Walsh / AP
President Barack Obama looks over a rollercoaster with K'NEX Inventor Joel Glickman, left, and Rodon Group President and Chief Executive Officer Michael Araten, right, during a tour of the company in Hatfield, Pa. Friday, Nov. 30, 2012.
Even the seriousness of the country’s fiscal health couldn’t keep the president from joking about his affable vice president.
Talking about the colorful toys in the factory, Obama said, “Joe Biden was in Costco. He wanted to buy some of this stuff. But I told him he had too much work to do. I wasn't going to have him building roller coasters all day long.”
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The democrats HATE the republicans and the republican HATE the democrats...and the Americans are right in the middle of their HATRED.
Both parties are like children, each trying to outwit the other...playing a game of GOTCHA at our expense.
When DNA testing gets more sophisticated, they will find that democrats and republicans are a slightly different species. Like they did with chimpanzees and bonobos. They can cross breed but have very different traits. Chimpanzees are violent, unpredictable and the males totally dominate the females – like republicans. Bonobos are more calm, civilized and the males and females are more equal – like democrats.
Jim...that's hysterical, lol, tx
@JimS
Stupid comment...like I said democrats HATE the republican,which you have proven by your stupid comment and the republicans HATE the democrats. AND, the American people are caught in the middle of their HATRED. More game playing...I recognize that game...congress plays it all the time...I think its called GOTCHA.
Julia - it's true
sharriannie - I think it's great that your husband allows you to come on here and post your comments. Not many republican women are so lucky.
BTW - you can not put chimpanzees and bonobos together as they will fight.
I am a product of a mixed marriage. My father was a republican and my mother was a democrat. They had 3 kids. 1 republican and 2 democrats.
LOL, I'm a democrat....like I said the name of the game is called GOTCHA. My husband is laugh at you right now. S T U P I D!
sharriannie - I have been reading your comments here for months. And if anyone believes that she is a democrat, click on her ID and you can read all of her recent comments.
Democrats don't tend to call the president "obummer" quite as much as you.
Tell your husband to keep laughing. People with low IQs are so easily amused. But you saying that you are a democrat is very funny. Is that what your husband is laughing about?
Ha Ha.....we are all laughing at you! GOTCHA!!
Remember the GOP's unwillingness to work across the aisle when you vote in 2014. I guess you righties were not paying attention on November 6. You lost. That means that a majority of America wants Mr. Obama in the White House. Get it? All your whining doesn't help solve problems.
And in other GOP wacko news......Glenn "Please Pay Attention to Me, America" Beck dips an Obama doll in urine. Seriously, GOP, have you completely lost your mind? Do you ever want to win another election? Dwight Eisenhower and Ronald Reagan should come back from the dead and kick your stupid asses. What the hell has happened to you? Ted "One Chromosome" Nugent, Donald "Look at Me" Trump, and Herman "What the hell is foreign policy?" Cain. Is that all you have? I'm so embarrassed for you. Sad, so sad.
Oh, it's ok if it's Jesus Christ dipped in urine, but if it's Obama it's offensive. Give me a break.
Golfer:
By only two and one half people out of every hundred that voted.
That doesn't exactly give Democrats a license to do whatever the heck they please.
And it certainly doesn't give Obama the "mandate" that he claims.
So you people have the power, but not a whole lot to squauck about.
What was Bush's margin of victory over Kerry? 3% ? Not exactly a ass kicking. Yet, Rove and company were acting like it was the greatest mandate in history.
Golfer--actually, actually, in 2014, I will remember that NEITHER party was willing to 'work across the aisle'. You DO know that for 2 elections, the GOP has OVERWHELMINGLY maintained control of the HOUSE? I personally had to hold my nose and vote AGAINST a long time Dem who was a friend of my dad's in 2010, (Ike Skelton D-MO--a good man who did a lot of good, but who spent too much money!) in order to return the country to SOME kind of sanity re: spending.
Personally, I'm not that unhappy one way or the other about Obama being re-elected, as long as ONE house of Congress is in the hands of the other party. Our founding fathers deliberately made it hard for ONE group to control all of out government, and I do NOT like it when one party controls not only the WH AND both houses of Congress. Didn't like it under SHRUB, and I didn't like it under Obama for the first two years. And if ANYONE has a mandate, the House of Representatives does. Their margin of 'victory' was larger than either Obama's OR the SENATE Dem (and that one DESPITE some of the idiot candidates the pubs put up against seemingly vulnerable Senators!)
And that MANDATE the House was given was STOP SPENDING money we don't HAVE!
Rove thinks that a mandate is 2 men going out to dinner.
So Obama wants to try the same thing that failed for england. They raised the tax rate on the rich to 50% in hopes to get more revenue. Instead they lost billions in revenue. They went from 16,000 people claiming million dollar incomes to 6,000. They either closed up shop or left the country. The same thing would happen here. Take a look at Cailf. New york and New Jersey. They raised the tax rate on the rich, now they are fleeing those states as well as the jobs they produced.
Under Clinto when top tax rates where 39% we had the greatest wealth creation this country has ever seen.
23 million jobs created.
We're not England.
Deficit needs a balance approach, tax rates are the lowest in 70 years and deficits higher than ever in history.
We have the highest corporate tax rate in the world. Everyone else has seen the benefits to lowering them. No, we are not England but math is math no matter where you are. Taxing income is not the key to balancing the budget. The key is spending, and Obama didn't even mention spending cuts.
Im from Jersey......people left and are leaving that state because of property taxes.....mine were approaching 13,000 when I left....you can see why.
I have a very serious question to which I would like a serious, cogent, and honest answer - no sarcasm, no insults - just a real answer. I'll be the first to admit I'm not a high-level economist or big business wheeler-dealer, but I do wonder about the present situation. If the Bush era tax cuts were intended to stimulate job and small business growth and Republicans are claiming this is not happening - indeed, using it as a weapon against Obama - why the objection to taking another direction? On one hand, they claim that the tax cuts MUST remain in place to grow jobs. On the other hand, they claim that there has not been enough job growth although these policies have been in effect since long before the present administration took office. Seriously, how can you try to use it both ways? Lastly, the not-so-subtle threat that the 1% will hang onto their money and stop investing if they're taxed more is ludicrous. Warren Buffett stated it pretty well the other night on the Daily Show when he said, do you mean to tell me that if I call you up at 1 a.m. and tell you I have a deal that will make you millions, that you will turn me down? It's a great point and very true......the 1% is NOT going to stop investing and making more money.....it is simply what they do. They most certainly will not turn down any golden opportunity just to try and prove their point. That would only be what my mom used to refer to as cutting off your nose to spite your face. It's just not going to happen. And no sarcasm or vitriol is intended here, it is just plain true.
You can't just apply Bush era tax cuts and spend like a druken sailor. The benefits of the tax cuts are taken up by going into debt by 16 trillion. You have to cut spending as well to have a chance of balancing the budget.
Spending increases are the lowest in 70 years.
The "Drunken sailor" was Bush.
We're all going to have to sacrifice for that spending disaster.
Are you out of your mind. 16 trillion in debt.
Michelle:
The argument is more about what the government is doing with the money that they are already getting. This government takes in P-L-E-N-T-Y of revenue. The problem is their spending habits. They are like addicts. No matter what reasoned argument you make to them they just want to keep spending.
www.cfda.gov/ (This is the Catalog of Federal Domestic Assistance Programs. Check it out.)
There are 2,184 of them.
Yeah constitution, Bush left a $1.4 Trillion deficit and now it's $1 Trillion.
Of course the debt is going to grow.
Obama wasn't left a surplus like Bush was and then increase spending.
get educated, cluelessness is a cancer and you need to get treatment.
michelle ripp - The issue is not just taxes and it isn't that the so called rich aren't paying their fair share, by now we should all know that 10% of the population pay 70% of the federal taxes which I would say was fair at all - we have a government that is strangling the economy with debt which takes private money essentially out of the market place, reducing business and job creation and puts it into the hands of those least capable of spending it or creating jobs - essentially wasting it. At the same time we have a Federal Reserve that is printing money and devaluing your money so you buy less with it every day. As for taxes, if everyone does pay less to the government or have a fairer system of paying (meaning all pay something) the better off we all will be and we won't have the disparity of the government deciding who gets "help" - a law of the law should be, in my opinion, that if a law only gives money or rights to one group of people then the rest have been discriminated against and that seems to be happening a lot lately. By the way, "help" is supposed to be just that; not a lifestyle which now seems to enslave people more than provide short term help and a way to get back on ones feet. OK, I'm rambling a bit - getting back to taxes, if we could during this time of the "supposed fiscal cliff" decide to create a fair system for us to pay taxes, reduce federal spending at the same time and put a budget in place for this country to live by, the class warfare talk and the pandering to the middle class as if they are children would go away and we'd be discussing things about our wonderful country rather than Congress or the various yahoos in the respective parties.
Michelle--first, obviously you don't REALLY want an honest answer. You want someone to rubber stamp YOUR opinion. But here goes--like them or not, the Bush era tax cuts did not noticably stimulate job growth AT A TIME THE COUNTRY WAS AT WAR WITH NO WAR TAX. And here's the real kicker--the 'rich' that Obama wants to 'take away' the Bush tax cuts ONLY get 1/3 of those tax cuts, but they PAY the vast majority of the taxes PAID in this country. (I PERSONALLY sure wouldn't be hurt by their repeal) But here's the kicker--if you asked ANY of the so-called 'rich' if they would be willing to pay more in taxes to PAY DOWN the DEFICIT, MOST would say yes. But if you ask if they would be willing to pay more in taxes so that this admin can INCREASE the federal government's so called "entitlement spending", they would say ABSOLUTLEY NOT.
I'm one of the little guys, who makes less than $50K, but pays over $5 K in income tax, and I'd take a major hit if the middle class tax cuts were repealed, since I don't have any debt, or deductions, and my income is all from lifelong investment. And I would GLADLY do that, but NOT so that some NON taxpayer can have YET ANOTHER little 'deduction' to over burden the country for 20 years.
If ANYONE is going to pay to lower the deficit, we ALL should pay some of it. ONLY the already retired, the profoundly handicapped, and severely disabled 'deserve' a "free ride". AND NONE of those people should be having babies.
I don't think Obama likes the White House. He is always flying around the country (at a very high cost) rather than negotiating with Congress. He promised a balanced negotiation but it is not happening. He is already blaming the other side before any concrete plans have been presented. I don't think he is a Negotiator, he wants to be a Dictator.
I think he has a cell phone and other ways to communicate with legislators.
I think that visiting working americans is presidential.
If he spent all his time in the White House people would be complaining he wasnt out and about enough with americans.
Julia - cell phones are a recent development. The Camper will learn about modern ways to communicate at some point but don't hold your breath.
All I want for Christmas is a real leader and not the current "community organizer"! The one person that can keep the tax rates the same for the Middle Class is the prez, but because he wants to pretend making the millionaires (does anyone else find this ludicrous that a family making $250K is a millionaire?) that make $250K a year pay more, he's keeping everyone in uncertainty - great economic strategy prez. By the way, what is good for one class of people (e.g.; the middle class) is good for all of us Americans - forget the tax BS and get to work on creating jobs, lowering tax rates for all and for God's sake, stop the spending and get a budget done for once...also, do your damn job and quit whining about Congress! Do something!
Why is there so much concern for the middle-class after it has been eliminated?
This shows how totally stupid you are commensense..that's what is so assinine about liberals...they can't take the truth...look it up, Panetta (he was in Clintons' cabinet...) really did say that Bush was inheriting a recession...of course I realize that you know so much more than Panetta....and you would rather call people names than come up with solutions .....maybe that's because you never look up the facts.....what a way to live....no responsibilities..just free stuff from uncle Obama....you need to remember that Clinton moved to the center to work with the republicans...
Dude, if you are not considered a complete and total moran where you live....
You should never leave.
Where I live people like you are considered ass clown fools.
i live in the United States of America.
hahahhahahahahahahhahaha
Tax rates were 30% higher in the 1950's when anyone over 60 knows was the best economy decade we had in the last 100 years. Go figure. Maybe our parents and grandparents were just a lot less arrogant and greedy. This was a golden time in recent history when people were truly looking out for each other.
But what was the spending? The key is the spending. You can't seperate the two.
The federal government spent about $196 billion in 1970, which was 19 percent of GDP. This year, it will spend about $3.8 trillion, or 25 percent of GDP. Government spending has increased by 1,860 percent in 41 years.
Wars cost money, if you don't want to pay for them then don't elect people that start them.
Defense spending in 2001...$350 Billion
2009....$700 Billion.
That doesn't include the wars...Just Defense Department normal discretionary.
medicaid and medicare account for more spending than any other government program.
Golfer--absolutely, tax rates were higher in the 50's. But remember, in the 50's, there WAS no welfare, NO ADC, WIC, etc.
Eisenhower, in his wisdom, in the 50's used that money to build a national highway system (and to be fair, he did so MAINLY for military reasons, to ease the ability to transport war materiel in the event of us getting in another world war--which looked like a good bet then.
We need a third party that wants to cut spending and increase taxes equally. The way I see it the democrats only want to increase taxes on the rich and the republicans only want to cut spending on entitlements. Surely many see that we need to attack our debt on two fronts equally. Raising taxes by the trillions while only cutting spending by billions is not the answer.
Frobose---Sorry, Bush's margin of victory was 2.4 % in 2004. Wow, there's a major butt whooping. And in 2000? Essentially a tie, right? Wow, yet he lied to get us into a war to make Haliburton billions. Why don't any of you righties talk about Bush? We haven't forgotten him, why have you?
Obama lied and Americans died.
No he didn't
You just lied
Golfer:
George Bush DID NOT start that war all by himself. And Here are a few quotes on the subject; from some people who's names might be familiar to you.
"Saddam Hussein has been engaged in the development of weapons of mass destruction technology which is a threat to countries in the region and he has made a mockery of the weapons inspection process." -Rep. Nancy Pelosi (D, CA), Dec. 16, 1998 ==>
"Hussein has ... chosen to spend his money on building weapons of mass destruction and palaces for his cronies." -- Madeline Albright, Clinton Secretary of State, Nov. 10, 1999 ==>
"There is no doubt that ... Saddam Hussein has reinvigorated his weapons programs. Reports indicate that biological, chemical and nuclear programs continue apace and may be back to pre-Gulf War status. In addition, Saddam continues to redefine delivery systems and is doubtless using the cover of ilicit missile program to develop longer-range missiles that will threaten the United States and our allies." Letter to President Bush, Signed by: -- Sen. Bob Graham (D, FL), and others, Dec 5, 2001 ==>
"We begin with the common belief that Saddam Hussein is a tyrant and a threat to the peace and stability of the region. He has ignored the mandate of the United Nations and is building weapons of mass destruction and the means of delivering them." -- Sen. Carl Levin (D, MI), Sept. 19, 2002 ==>
"We know that he has stored secret supplies of biological and chemical weapons throughout his country." -- Al Gore, Sept. 23, 2002 ==>
Progressives, Liberals, And Democrats lie just as much as Republicans, and defending them makes YOU complicit in the lies.
Obama lied when he said it was a protest gone wrong when it wasn't a terrorist attack. When the embassy asked for help they were denied. He lied about knowing that too.
So you cared about how an attack in Libya was "Labeled"?
hhahahahahhahahahahahhahahahahaha
The GOP cut funding for embassy security you dumb sh&t.
My Gawd you are clueless.
Don't you know that if the attack in Benghazi was labeled a terrorist attack right away, the 4 dead Americans would have jumped up and started breathing again?
Golfer--I'm curious--when you were a kid, and got into trouble for (say) swiping cookies, and in defense, told you mom "but SUZIE did it tooo!" did that mean she let you off scott free?
It is NEVER a decent excuse for bad behavior to claim that it is OK because they other guy did it too!
ESPECIALLY if you campaigned specifically to "not be like Bush."
I NEVER voted for Bush, I voted for Clinton twice, Gore, Kerry, and Obama (first time only). I have been mainly a DEM my whole life, am pro gay rights, pro ABORTION (not just choice!) pro women's rights.
That does NOT mean that just because Obama gave lip service to those things, I would blindly follow along in footsteps HE promised (in '08) to NOT take.
Common Sense--I do NOT care how the attack on the Benghazi compound was labeled, EXCEPT for the fact that it appeared that a concerted effort was made by the Obama admin to LABEL it as anything BUT terror.
Because Obama's MAIN foreign relations credits were (in the words frequently trumpeted by BIDEN) that he 'killed Bin Ladin', and stoppped al Qaeda from terror acts.
And yes, the GOP cut funding for security for Embassies. That does NOT mean that the GOP told the State department that they would be given less money, and the place they should cut would NOT be, say, PARIS, or London, but in countries like LIBYA, or EGYPT, where there was a long history of violence/terror, and a current history of unrest, accompanied by the Ambassador's PERSONAL fears for his own safety, and his requests for more security, as well as similar requests from his security personel.
When you get a pay cut, do you quit buying milk but continue to buy champagne? Of course not.
You make INTELLIGENT decisions, and allocate the money/resources where they are NEEDED MOST.
This admin, be it Hillary, Obama, or RICE, recklessly ENDANGERED not just the 4 Americans who died, but EVERY person who worked in the compound, and frankly, they were LUCKY there were not attacks at the same time on OTHER consular locations.
And THAT is shameful. LYING to cover it up is MORE so. Being a member of the middle east desk back in 1998 when a VERY similar attack (complete with the ambassador PLEADING for more security) ALSO caused the deaths of helpless Americans, as RICE was, and claiming to NOT remember the details, is either total incompetence, total lack of the well being of people who work for you, or both.
If such an attack had happened ON MY watch in 1998, I would still be HAUNTED by the details. And no WAY would I allow the cries for help by the Ambassador, much less the 'preliminary Benghazi attacks' of last summer, which convinced both the Brits AND the Red Cross to abandon the city, to be ignored, and un-acted-upon.
So tell me, why is confiscating estates over 1 million ok?The tax rate will be 45%. We earned it by hard work and saving. Why should it be turned over to the very wasteful federal government?
Yeah...you truly are an idiot with no answers..not listening to the facts going backward....
Gave you all the facts, you lack the intelligence to dipute anything I've said.
10 of the top 10 poorest sates are RED
least educated too.
You prove that fact for sure.
hahahhahahahahahahahhaha
Common sense--you keep repeating that, and I'll keep repeating that the other common factor those states have (besides being Red) is that they have HIGH minority populations.
And here's a hint for you--MOST of those minorities vote DEM. So far, the only reason the states are still Red is that the minority groups are still just that, but with their birth rate, that is changing.
How are you going to explain it when that happens and those states are STILL the poorest and poorest educated?
The government is so hard up for cash. Did you know they are looking into the possibilities of taking 401k assets and giving I.O.U's. Kinda like what they are doing with social security.
You're a paranoid fool.
Must suck to live in such a sad fantasy world.
I only wish it was paranoia. They are seriously looking into it. They are justifying it by saying workers get a subsidy by the government and it isn't fair to those who don't have a 401k or other pension plans.
@constitution101
You really should do your research before posting that kind of silliness.
This idea first came up in the Bush Administration when people were losing half or more of their 401ks as the economy melted down. Congress held hearings with all kinds of economists to consider options to protect people's retirements since it looked like it was going to get a a lot worse (which it did)
One of the economists, Teresa Ghilarducci, presented 2 plans.
A short-term fix, where 401(k) plans would be turned over to a guaranteed retirement account composed of government bonds earning a 3 percent annual return, adjusted for inflation.
When workers begin collecting Social Security, the account would pay them an inflation-adjusted annuity, based on the accumulated funds. For example, a 55-year-old worker with $50,000 in a 401(k) account in August would swap out the $50,000 for a guarantee of $500 per month in retirement.
The long term plan called for creation of universal guaranteed retirement accounts in which the federal government invests $600 for every worker. Workers would put 5 percent of their pay in and the account would earn a guaranteed 3 percent rate of return, plus inflation. The cost of this plan would be offset by doing away with most tax breaks currently offered on 401(k) accounts, so the government wouldn't have to pay any more than it does now. The accounts would be safer and guarantee all workers an income during retirement.
This was all a big academic exercise to consider all options. Needless to say there was no political will to go in this direction.
http://www.freerepublic.com/focus/news/2117260/posts
Like yourself, I'm neither an economist nor a tax expert. The Republicans want to retain the tax cuts for the wealthier americans, and raise the taxes on the middle class. Wall Street and some of the wealthy on the right are saying to Boehner, we can take a tax hike, let it go, we don't want the markets to be affected by going off the "fiscal cliff". The president and the democrats want to raise taxes for the top 1 - 2% of americans and retain the tax cuts for the middle class. This particular debate is about raising revenue to try and offset some of the debt. The silly thing part about this situation is that the republicans have kind of backed themselves into a corner....they had insisted on the timeframe for the expiration of the tax cuts (which is NOW), yet now that NOW is here, they want to let the tax cuts remain in place for certain socio-economic groups (let me also say that both parties approved the bill and the president signed the bill that stipulates automatic cuts go into place if the parties don't negotiate terms).
The 1 or 2%ers would never turn down a 1 am deal that could net them profit. Their threats are empty. This is a childish partisan war that is taking place in Washington right now with the republicans ignoring what the voters have indicated they wanted during the last election. Taxes, debt reduction, increasing revenues were all part of the central debate during the campaign - the american people have spoken, yet the children in washington cant stop playing war.
I'm not sure I answered your question, but this is how I understand the situation as it stands right now.....
above to Michelle Ripp
People didn't vote for higher taxes, they voted for free stuff, let's get that straight right now. Debt reduction? are you insane? Obama has shown no interest in debt reduction. The Republicans are opposed to class warfare. There should be tax cuts for everyone and spending cuts across the board.
Julia,
Raising the tax on the top 2% raises $75 billion a year. When you are running deficits of $1.2 Trillion that is not enough to make a dent. The Presidents plan also cuts spending by $40 billion a year, again not enough for deficit reduction.
Actually it's letting the Bush tax rates expire as they were scheduled to do in 2012.
It will create $42B in savings the first year, increasing every year for a total of $950B over 10 years.
Maybe you think people voted for free stuff Constitution, and it seems from reading your posts that you are stuck on that. People voted for lots of things......but MOST OF ALL re-elected the president and thus voted for his policies.
Nove of us believe that raising the taxes of the 1 - 2 %ers is going to resolve the debt, neither are retaining tax cuts for the middle class. But it's a start, and you have to start somewhere. There is a time component on this issue as you know, all taxes cuts will disappear at the end of this year if legislation is not passed.
More spending cuts definitely needed. I've joked that I wish they'd publish the damn budgets so we could make the cuts.....probably do a better job than them.....
Obama has cut the deficit he was handed by $400 billion.
Jeeze you right wingers are Anti American
right wingers just see a different America. A government run by rich white people for rich white people.
Julia--care to name ONE piece of pub sponsored legislation that advocates RAISING taxes for the middle class while maintaining cuts for the RICH?
Didn't think so. The pubs have been on record as being in favor of maintaining the Bush tax cuts on the middle class. They just want the same for EVERYONE.
ONLY ONE party wants to INCREASE anyone's taxes.
What does it say about the GOP when the smartest guy on the stage during the debates(Jon Huntsman) couldn't raise enough money to compete?
It says that righties like to vote for candidates that they can relate to... complete idiots!
Hillbillies and rednecks could not relate to Jon Huntsman. No way he could lose 70% of the GOP and win an election.
What an F'INg JOKE. The Suprme Court said Obamacare is constituitional because it is a tax. Tthe cost to Amerians is expected to be $ 500,000,000,000.00 over 10 yrs. the SFA. more than people pay for health care now. Five Hunded Billion is a lot of money. Who is trying to destroy America or merely make it a colony of the Chinese colonial empire?
Trojans, beware of Greeks bearng gifts.
Rousseau:
That means Obama has ALREADY raised taxes.
Now he wants to raise them some more.
Republicans saying no to everything. A government not using common sense. Obama playing in toy factories and cracking lame jokes about not giving Congressional members K'Nex sets. I mean, really? This is a serious situation. Will these clowns (both republicans and democrats) grow up already and get some freaking work done!? I'm just getting sick and tired of all of our elected officials. This is proving to be the worst government ever in American history. This is a mess. One. Big. Mess.
Is that why the Democratic Senate has said no to over 36 jobs bills?
Is that why the House voted 100% against Oblahblah's budget?
All of them.....Dems and Republicans.
I don't claim party affiliation as I think both don't work in the interest of the American people. We just have a government full of clowns who are collapsing this country. All of them need to fired to be honest. I am ready for third party candidates.
But it isn't just the Republicans who are saying no.
Barry himself is saying no. He wants "my way or the highway".
That is going to get us nowhere.
Compromise is not doing things your way.....it's coming to a common ground that all can agree on.
They all want it "my way or the highway". They're behaving like immature children. They are all posturing to protect their political futures as they don't want to tell the American people the truth and undertake hard decisions. They are all looking out for someone else's interest as opposed to the American people. Unless they cut defense spending drastically, then neither side is serious about debt reduction. I say lets just put our seat belts on, tie and secure our boot straps and go over the cliff. This government is just a disaster.
That's why I said "it isn't JUST the Republicans".
The Dems are walking around like they are the voice of reason and compromise.
They aren't. And yes, neither are the Republicans.
It's BOTH parties that are the Party of NO.
So many people say Clinton left a surplus. Most info says he left a 5.7 trillion debt.
Budget surplus. Meaning he eliminated the deficit, which is the annual shortfall. In Clinton's last year the budget was balanced, no deficit.
The national debt is the accumulation of all annual deficits.
Please remember that Clinton had a Republican Congress where all spending bills start.
Wow....you mean a president has to pass a budget?
Shocking!
The president doesn't pass the budget.
Man you're an idiot.
You don't even know very simple government proceedures.
Ignorant ass clowns usually don't care about simple facts.
hahhahahahahahhahahahahahhaa
Thank you for admitting that Oblahblah has nothing to do with the budget.
Now, maybe you should go tell him that.
I made the statement because most people do not understand the difference between the annual deficit and the debt. No President has not left regardless of who accumulated it the debt.
Why not allow the Bush tax cuts to expire? It would bring taxes back to the Clinton level. What could possibly be wrong with that? We just voted for big government, and we need to pay for it.
Yes, they spend our money so well. Much better than us.
I'd like to see you pay the Pentagon budget all by yourself.
Because going back to Clinton tax rates isn't enough.
You have to go back to Clinton spending rates as well.
Not to mention, Clinton had a booming economy.
Oblahblah has done NOTHING for the economy.
DOW up 6000 points
Record corporate profits.
Nice try.
Go back to your right wing circle jerk fantasy world.
Yep. And what else is around the corner.......
Massive layoffs.
Double digit unemployment.
Corporations laying people off, cutting their hours or dropping your health insurance to force you onto the state exchange.
Tax rates increasing for the average American.
A negative GDP.
Yet another drop in our credit rating.
And that isn't me saying that.....or right wing circles.........it's the CONGRESSIONAL BUDGET OFFICE.
So one of us in in fantasy land, all right.........it just isn't me.
Yes, the Dow is up but what will be the effect with the new taxes coming at the first of the year and our debt rating is about to be lowered because we are broke.
We have the highest corporate tax rate in the world and corporations are sending jobs overseas because of it.
uncommonsense you say 6000 point gain in the stock market??? my fathers retirement took $100,000 hit the day obama re-elected and it hasn't come back yet....and if you think things are better now try to buy a twinkie or a ring ding, it's just beginning of the $!!? storm! oh yes how many bankrupt cities are there now and states on the verge? how many people are going to be happy if obama gets what he wants...raise taxes on the dividends on stocks so gates, buffet and soros pay more taxes... whoops if you raise those taxes on dividends who pays??? gramma does because that retirement is based on the stock market investments thats why its at 15%
Obama doesn't care one bit about fairness, equality or balancing a budget. He wants to as he stated "fundamentally transform America" This means destroy the system as it is now and put it under government control. After all it wasn't fair how a bunch of white founding fathers rigged the system to suppress the people of color. He's out for justice, don't doubt me on that. How much clearer does he have to be. Transfer of power is the key to his kind of success.
Paranoid.
What a freak.
Reality must suck for you.
hahhahahahahahahhahahaha
Is that the only material you have. That's the second time you said that. Battle me with wit and knowledge not name calling. I'll be waiting.
and waiting.....
and waiting.....
Battling you with knowledge would be taking advantage of an unarmed man.
hhahahahahahahahhahahahahahahhahahahahahahhahahahah
I give you facts all day long but you live in a world devoid of facts.
You hate Obama and care very little about the reality of why.
Wow just what I thought. Emptiness. Vast vast emptiness. See ya.
Oh, I've verbally beat you down, you really should go to some right wing circle jerk where your lack of intelligence.
10 of the top 10 states that are the least educated are RED so you have a lot to choose from.
hahahahhahahahahahahhahahahahahhahahahaha
That isn't true. California is a blue state and has the highest drop out rate in the country.
The average eighth grader in Chicago reads at a third grade level.
CA pays more money into the fed coffers than any other you moron.
Go look up top 10 least educated states, you are a cluelss moron devoid of reality and we all know it.
my gawd, why do ass clown right wingers hate facts?
Paying more money doesn't make them smarter.
If anything, it makes them dumber for spending all that money and not getting a good return on their investment.
Common,
He is not lying. They have an article published in Time magazine about this. Someone proposed that the government takes over everyone's 401K's(not unlike Social Security) and the value of it is reverted back to the Clinton years. In exchange you would get some government bonds and $600 a month "added to your balance". It is basically you giving the government an interest free loan and them handing you a piece of toilet paper in return. It is essentially stealing your money just as they are doing with Social Security.
At the first of the year, people can take their after tax money and invest it in the stock market. If stock prices go up, they will be paying 47% in taxes. That is a combined tax of nearly 80%. I bet everyone is going to line up for that deal.
Doug,
You obviously don't own stocks.
I will pay nothing of the sort you post.
Neither will anyone else.
But by all means, buy stocks and pay those fantasy taxes you talk about.
Advice....Fire your accountant NOW.
hahahhahahahahahahhahahahahhaha
I have already liquidated my stocks and I am an accountant. Just watch the market between now and the first of the year.
You're an accountant who thinks he'll pay 47% on this capital gains?
Hhahahahhahahahahahhahaha
I take that back....You should be fired.
hahhahahahahahaha
This has been fun. Gotta go now, but I leave you all with this little gem.
Obama - Romney Lunch conversation.
Obama: Come on in Mitt.
Romney: Thank you Mr. President.
Obama: Nice day huh?
Romney: Yes it is
Obama: Please ... have a seat.
Romney: Thank you.
Obama: Wine with lunch?
Romney: Don't mind if I do. Thank you.
Obama: Shall we eat?
Romney: Yes. Lets.
Obama: OH Jeeves; You may serve the food now.
Jeeves the butler: Yes sir Mr. President. Right away Sir.
Obama: Tough campaign huh?
Romney: Yeah; you really trashed me good, but I still managed to get very close to half the voters to vote for me.
Obama: Yeah but I still won.
Romney: Uh ... Huh.
Obama: Now down to business. How can we save the economy of this country?
Romney: Well ... You COULD resign. That would go a long way toward convincing the American people, and the rest of the world that you actually WANT to save the economy of this country.
Obama: WHAT? ... Resign. I have no intention of resigning. In fact I'm working on repealing that outdated two term rule.
Romney: Whatever! Hey; You asked my opinion, and there it is.
Obama: Now Mitt ... Buddy. Why do you want to be that way? All's fair in love & war After all.
Romney: Oh really? If you gave a rats patoot about this countries economy you would have stepped aside, and let somebody who knows what the're doing take your place.
Obama: HOW DARE YOU SPEAK TO ME THAT WAY! I'm insuted. I'll tell you the same thing I told McCain after I beat him. I won, You lost Now we're going to do things my way.
Romney: Sooo ... Do things YOUR way. What are you bothering me for?
Obama: Oh come on Mitt; how about it. Can you at least crank up that "magic Underwar of yours, and give me some pointers?
Romney: Hey! If you need "Magic Underwear" get Harry Reid to crank up his. He's Mormon too you know. A little something your supporters forgot to tell the world as they were making fun of my religion.
Obama: Listen: Harry Reid is a nice enough guy & all, but I wouldn't trust him to manage the money in my daughters piggy bank.
Romney: That's YOUR problem.
Obama: OH! COME ON! Please Mitt. Can't you see I'm in something of a bind here?
Romney: Yup. I sure can. Good luck with that. By the way this chicken is good. My compliments to the chef.
Obama: WHAT? "The chicken is good"? I'm fighting for my life here, and all you can say is "The chicken is good"?
Romney: Yeah ... after what you put me through That's about all the interest I can muster.
Obama: But what about our country? What about the American people?
Romney: Oh; the country will survive. And I have no doubt that if you keep going the way you're going the American people WILL take care of you.
Obama: YOU (#^*$%@!_&) SECURITY! ESCORT THIS MAN OUT OF THE BUILDING.
Romney: Thank you Mr. President. Lunch was everything I hoped it would be.
LOL!!! That's a funny little world, you live in!
Ive seen little mention in the main street media that Obama is asking for UNRESTRAINED DEFICIT SPENDING in this so called offer/compromise? Its no wonder the GOP laughed out loud.
I think Senator Patty Murray let the Dem "cat out of the bag" saying she hopes the Sequestration takes place and we do fall off the fiscal cliff, Im convinced that is what Obama wants... he can then collect taxes from the Middle class and the wealthy and blame it on the GOP.
He has offered nothing, no cuts to spending just more of the same... more massive spending. Nothing will get better without hard cuts to spending, to those who say he cut a billion dollars that laughable also, you cant cut what you dont have in the first place. All Harry Reid and Obama have said is we wont spend the $1 Biilion we havent borrowed from China yet. Thats not a cut and certainly nothing to be proud of.
He said he wanted to cross the aisle and negotiate? Yet while America goes down the toilet he is going to have the taxpayers pay for a $4 million dollar trip to Hawaii while he refuses to deal with this mess. What kind of leader is he anyway? For those of us working and paying taxes this is going to be a bumpy ride to the bottom because this president is playing politics with the America's future.
He sends Geithner to deliver this so called offer because its such a joke....and an insult to the American people that this President doesnt have the guts to face the problem himself.
The main stream media propaganda machine is owned my Democrats. They will never say anything that will make them look bad. Just like Fox news DON"T trust anything from the propaganda media, they all have a agenda, and it's not to report the truth.
I'm not sure military spending should be cut quite yet. I was listening to the news on my way to work this morning and Leon Panetta said (and it was him that said it) that the administration doesnt think we will be out of Afghanistan by 2014 because al qaeda is making a come back. Didnt Obama promise that we would be out of there by 2014?? And Romney got criticized for saying he agreed with the 2014 exit date but wouldnt commit 100% because of the recent resurgence of al qaeda. So, what does everybody think of that one? I know some will defend the Obama administration because some people think he's a savior and would never ever tell a lie or do anything wrong. Guess what people-he said what he had to say to get re elected and now he's gonna do whatever he wants since he has "more leverage" now that the election is over. Wonder what he meant when he said that to Medevev before the election? And if the tax cuts expire so be it. I do wonder about the future of our great country. People come here for opportunity. As far as I'm concerned this is the last country on earth that anybody can come to and have the kind of opportunity for success and freedom that those before and now have sacrificed so much for. Freedom isnt free.
My understanding is that the Pentagon has PLENTY of money and equipment to continue and finish the commitment in Afghanistan. We have the largest military in terms of equipment and technology than any other country on the planet, in fact I've read we have the largest military budget than the next 17 developed countries COMBINED. I believe we'll be out by the end of 2014, but you never know what can transpire between now and then.
Freedom is not free, you are correct. I am willing to pay whatever the price is to keep it tho.
We NEED another 1000 tanks and 156 F-22's to get Al-Queida!!