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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.”
Leave a Comment:
Let all the Bush tax cuts expire.
The democrats get more foreclosures, more unemployment, less revenue, and higher debt deficit.
A true democrat dream come true.
How will increased taxes (expiration of the Bush tax cuts) lessen revenue? How will that increase unemployment?
Ok golfsleft lets do the math.
Joe makes $300k a year. Taxed at currently 33%, $99K in taxes. Next year Joe again makes $300 a year but taxed at 39%,$117k in taxes. That is 6% less than he had last year. That is $18k less to invest back into his business or the stockmarket or mutual funds. That means $18k less in the economy to hire someone for a job.
Now mulply that by say 1000 people. That gives you $18 milliion dollars you just took out of the economy for jobs.
Sure you can say that that money will go the people in other benefits. But think about this. Those people aren't getting the full amount that was taken. No, there are cost overheads that have to be paid to get it to those people. Plus, those people are producing nothing. Giving nothing in return for what they receive.
Think it is a great idea now?
Did joe hire anybody this year with his extra $18K? The money spent by the Federal government is the same as money spent by individuals, it generates jobs the same way as joe's money does.
BTW, I don't mind paying an extra 3% if the rich pay at least the same rate as me(i.e. Romney's less than 15% vs. my 25%).
As it is theoretical, it doesn't matter. It isn't the same, because the Feds waiste a good part of any money they receive. It does not generate jobs, never has. And why give them more money? They don't handle what they get. It is like giving an alcoholic a drink.
His 15% is based on investment income. The same percentage you will be paying if you retire with a 401K or other funds. He just got his earlier than you.
If these clowns worked as hard to solve problems as they did to get re-elected there wouldn't be a "fiscal cliff" or any other doomsday nonesence hanging over the people's heads.
But, then again, WE re-elected them, didn't we.
Speaking of DOOMSDAY isn't that suppose to happen in 11 days? LOL
stan, you're off slightly. It's Dec. 23rd.
STill its suppose to happen before the fiscal cliff disaster....so don't worry about the fiscal disaster LOL
It appears that Democrats are claiming that the Republicans haven't offered up any ways to cut the deficit which is not a fact.
justoneguy
WRONG AGAIN>....get it straight and come out of the fog....
GOP BUDGET CUT LIST from over 1000 days without a budget...
Flood Control and Coastal Emergencies -$30M • Energy Efficiency and Renewable
Energy -$899M • Electricity Delivery and Energy Reliability -$49M • Nuclear
Energy -$169M • Fossil Energy Research -$31M • Clean Coal Technology -$18M •
Strategic Petroleum Reserve -$15M • Energy Information Administration -$34M •
Office of Science -$1.1B • Power Marketing Administrations -$52M • Department
of Treasury -$268M • Internal Revenue Service -$593M • Treasury Forfeiture Fund
-$338M • GSA Federal Buildings Fund -$1.7B • ONDCP -$69M • International Trade
Administration -$93M • Economic Development Assistance -$16M • Minority
Business Development Agency -$2M • National Institute of Standards and
Technology -$186M • NOAA -$336M • National Drug Intelligence Center -$11M • Law
Enforcement Wireless Communications -$52M • US Marshals Service -$10M • FBI
-$74M • State and Local Law Enforcement Assistance -$256M • Juvenile Justice
-$2.3M • COPS -$600M • NASA -$379M • NSF -$139M • Legal Services Corporation
-$75M • EPA -$1.6B • Food Safety and Inspection Services -$53M • Farm Service
Agency -$201M • Agriculture Research -$246M • Natural Resource Conservation
Service -$46M • Rural Development Programs -$237M • WIC -$758M • International
Food Aid grants -$544M • FDA -$220M • Land and Water Conservation Fund -$348M •
National Archives and Record Service -$20M • DOE Loan Guarantee Authority
-$1.4B • EPA ENERGY STAR -$7.4M • EPA GHG Reporting Registry -$9M • USGS -$27M
• EPA Cap and Trade Technical Assistance -$5M • EPA State and Local Air Quality
Management -$25M • Fish and Wildlife Service -$72M • Smithsonian -$7.3M •
National Park Service -$51M • Clean Water State Revolving Fund -$700M •
Drinking Water State Revolving Fund -$250M • EPA Brownfields -$48M • Forest
Service -$38M • National Endowment for the Arts -$6M • National Endowment for
the Humanities -$6M • Job Training Programs -$2B • Community Health Centers
-$1.3B • Maternal and Child Health Block Grants -$210M • Family Planning -$327M
• Poison Control Centers -$27M • CDC -$755M • NIH -$1B • Substance Abuse and
Mental Health Services -$96M • LIHEAP Contingency fund -$400M • Community
Services Block Grant -$405M • High Speed Rail -$1B • FAA Next Gen -$234M •
Amtrak -$224M • HUD Community Development Fund -$530M
Sorry to burst your bubble dude...
So they want to cut everything that's good in the budget but won't touch defense?
BTW, how much does that add up to?
golfleft starting at the top and just down to IRS its $4.358 Billion..PS I did not see any entilements listed
$4.358 billion per year or over 10 years?
I just figured the amount...time wise I do not know..
Just curious but where did you get those numbers from?
I have no idea where the individual got those numbers from...ask the person who posted the info....all I did was to see how much it would be and I listed the amount from the top to the IRS...
It looks like a Privatize government benefits and socialize private liability plan to me, typical,,,
I love the liberal comments on here. You obviously only get your news from MSNBC. The repubs have offered plans, you just never hear about them here. But then, I don't like their plans either.
Let all the tax cuts expire. You can't get enough money out of the tax on the "rich" Obama talks about to last more than 7 days with his spending. Fall off the damn cliff. It will hurt for a while, but at least we will have real spending cuts instead the crap they keep passing off as cuts.
Letting Obama have control of the debt ceiling is pure fiscal insanity. Look at how he is already overspending, and then just imagine what he would do with no limits on his checkbook, which is actually our money, not his like he thinks it is.
Some day. people will wake up to what is happening in this country. Both parties are out of control.
Rel56
You do know that "Raising the Debt Limit" is so congress can pay outstanding bills that are due?
That money has already been spent by congress, they approve the expenditures,,,, why there is even a discussion about paying our debts is beyond me, unless it is so the GOP can delay payment to downgrade our credit rating,, so they can blame President Obama and win the Presidency,,, Oops!
To all those talking about "Tax and Spend" here's a fact for you. Bush increased spending by more than 60% in his 8 years; Obama has increased spending by less than 8% in his 4 years.
Bush added $5T to the debt in 8 years Obama did that in just 4 years...real goooooood
Stan: Your an obstinate thinking person! Bush did not take office with a 1.3 trillion dollar budget deficit, the banks collapsing, the motor companies collapsing, two unpaid for wars, an unpaid for prescription drug program etc. The housing markets collapsing get real, " wake up" take off the fox news colored glasses! How can you compare the two on such a one sided way of thinking? "OH" And how many jobs was being lost the day Bush took office? When Obama took office the country was losing over 750,000 jobs per month! I have never in my life time seen such an out of touch group, as the Tea Publicans ever!!!
Don't bother dale, you just can't fix stupid,,,
Dale your being stubborn....why? I said Bush added to the debt, the one that stands at $16T and counting..in 8 years what it took Obama 4 years to accomplish....Who caused the housing collapse...Barney Frank because he did not better regulate Freddie and Fannie like Bush suggested...the housing thing started back with Clinton...he said housing should be available for everyone...so Freddie and Fannie started working with banks on sub prime lendng...that sub prime lending collapsed and the rest is history
Bush wanted More regulations? I have to see the link for that,,,
The President Stinky (BO) tax hikes are coming to everybody! It's all part of Stink's plans. The "middle-class", he believes have stolen from the poor of the world, and Stinks is out to even the score. The Republicans should offer to keep upper income rates the same, and offer a tax CUT to the middle class. Go on TV, radio, op-eds, offer a proposal to Stinky, and see if Stinks wants to not cut taxes on the middle-income. I'm guessing that he doesn't. They don't call him Stinky for nothing!! It's all part of the BO.
Did Stinky's owner, Bill Maher, ever figure out just what Stinks had to do to Moochie to make TWO babies fall out??
And Stevie, when you are old enough to vote, you can add to the GOP base stupidity,,,
i guess people are getting dumber than ever. i remember us voting jimmy carter out of office because he couldn't make a decission yet the reelect an alien that doesn't have a clue of what is happening to the average american. how can he know? he never worked a day in his life or served in the military and always had hidden finances that he won't reveal. the man who promised open government secures deals behind closed doors and has his life records sealed so no one can really know who he is or what he is about. sure sounds like a communist to me.
An alien? From what planet?
The democrats are all about themselves and damn the country.
I see the real idiots are finally awake.
No doubt golfsleft, I just hope they aren't old enough to vote,,, probably wouldn't anyway,,,
Oh, did you just wake up parasite or are you still in your Obama stupor?
Recommending your own post is rather childish as is your response.
Even if that were true I'll take that over being a democrat or other card carrying dumbf@#$ like you.
Romney's looking pretty good now. This is what you voted for gridlock and a president that doesn't have a clue.
George Bush even looks pretty good right now.
gman, you need to better understand how the goverment spends money:
DISCRETIONARY spending comprises 39% of the overall governmental budget. Discretionary spending includes National Defense and support of Domestic Programs (highways, agricultural programs, federal courts etc.). Of discretionary spending, 51% went to national defense, 46% to domestic programs, and only 3% to foreign aid.
MANDATORY spending is the largest category of governmental spending, totaling more than half (55%) of ALL the money spent by the federal government. "Mandatory" spending is comprised almost entirely of support of government entitlement programs. 33% of this category goes to Social Security, 25% goes to Medicare, 21% is spent on "income security" (a.k.a. unemployment insurance) 13% is spent on Medicaid, 7% is spent on "other retirement and disability" (a.k.a. Supplimental Security Income etc.) and 1% on "Other".
Look at those figures one more time, understand them for the story they tell:
MORE THAN HALF OF ALL MONEY SPENT BY THE FEDERAL GOVERNMENT IS SPENT IN SUPPORT OF ENTITLEMENT PROGRAMS.
Having viewed these statistics (credit to Tax Policy Center, Urban Institute and Brookings Institution) can any RATIONAL minded person fail to see that the issue of the national debt and fiscal cliff can only be solved by addressing the Entitlement Program dilemma?
As I side note, one cannot help but see the irony (spin?) of considering support of entitlement programs to be MANDATORY while governmental support of national defense is viewed as "DISCRETIONARY" spending.
Homework: research and determine which of the following two entities is a responsibility dictated to the federal government by the U.S. Constitution:
1) National Defense
2) Entitlement Programs
Beautiful, to bad it is wasted on this audience.
Ok, I will repeat for those that were asleep and oooooohmed their way to the voting booths like lemings on 6 Nov. The Democ Rats and the precidence want you to think everything in this country hinges on raising the taxes on anyone making over $250,000 and refuse to talk about anything else. Ok, say that this happens. We are talking about $84 billion. Yes, the government will be able to operate an additional 8 1/2 days. Terrific. This is not a tax revenue issue. It is a spending issue. What? Were you all asleep, when Congress submitted their budget bills to the Senate? All 16 of them. harry reid refused to bring a single one to the floor. The solution that the precedence brought the the Speaker of the House amounted to a joke. One worse than if no deal were agreed to by 31 Dec. Y'all are NOT blind, y'all just refuse to see and bordering on terminal stupidity. Stop the spending nightmare. As they say, "A drunken sailor stops spending, when HE runs out of money." Remember the precedence imfatically stated he would never sequester the military in the last debate. Keep your eyes open and watch what happens.
What the hell is the middle class tax cut? It is reducing the amount of revenue from payroll taxes that shoulg go into the social security fund. But our savior says he will replace the social security funds from the general fund. "DUH" CHINA, WE NEED MORE MONEY !!
It is not an actual tax cut. That is Washington speak for they just means they wont raise taxes.
FYI: China hold less than 8% of our debt - $1.2 trillion. The Social Security trust fund hold $2.6 trillion.
Japan holds a substantial amount. Moot point.
A blank check for Obama (the biggest bully in the land)? Some things are worth going over the cliff for. Kiss your country goodbye if he gets that. He has gone from 10.5 to asking for 19.5 in 4 years. Repubs take a stand. They want to go over. Just listen to Howard Dean.
Nice list Linda:
Here is the Democrats counter-proposal:
1) Raise taxes on 2% of Americans (small business)
2) Increase number of citizens on unemployment
3) Spend more money on entitlements to buy votes of newly unemployed
4) Increase number of Democrats in office
5) Blame Republicans
6) Play fiddle while U.S. burns
BLAME YOUR MESSIAH OBAMA not republicans.
I would be willing to pay the tax rates of any previous time period if they would also limit SPENDING to the SAME PERCENTAGE that was being spent during the time those tax rates existed. BUT they will NOT DO THAT or AGREE to that. Cutting spending is NEVER CONSIDERED.
Obama and those that want others money are disgusting, lazy, and stupid. Why don't Obama and government EVER talk about CUTTING SPENDING before asking for UNLIMITED ACCESS to other people's money by wanting the DEBT CEILING to a be a perpetual INCREASING GOVERNMENT PIGGY BANK for BLOATED and CORRUPT GOVERNMENT SPENDING that would NOT REQUIRE A VOTE BY CONGRESS?
Capital Cronyism is what Obama wants and that is a SOCIALIST/COMMUNIST method of being able to SPEND MONEY WITHOUT the TAXPAYERS CONSENT.
Instead of TAX and SPEND, which is NOT GOOD, now they want to have a UNLIMITED PERPETUAL ABILITY TO INCREASE the NATIONAL DEBT, which is SPEND AND TAX.
What people do not understand about how stupid and dangerous a National Debt that we have NOW is, I find flabbergasting.
I don't mind paying more taxes but NOT UNTIL Government CUTS the STUPID SPENDING and starts with unnecessary subsidies to anyone, and foreign aid, and then Defense, and then Entitlements and other idiotic programs...THEN come to me for more taxes and until then go to hell.
You need to look at your own parties voting record on those issues also,, no one is immune!
I am an Independent, and I agree Republicans ADOPTED the same spenging mentality under Bush which I did not agree with or like, BUT OBMAMA has made things Far WORSE.
So, who was it saying earlier this year that he would not continue the tax cuts? Now, all of a sudden, he is turning this around and make others responsible for it. Looks like there is a petulant child in the White House - " I'll scream if you don't give me what I want!"
KNOW THE FACTS
In just the last generation, the richest 1% almost quadrupled their incomes.
The average wealth of the 1% is 225 times bigger than the wealth of the typical household – the highest it’s ever been.
Three decades ago, CEOs made about 40 times as much as an average worker – now CEOs make almost 200 times as much as regular employees.
Last year, half of Americans earned less than $26,000 while CEOs at top 500 companies raked in an average of $11 million.
Over the past decade, earnings for middle-class Americans actually fell. In fact, working Americans’ wages are now a lower percentage of our economy than they’ve ever been.
The divide between the richest and the poorest is worse in America than it is in nearly all of Europe and Asia and much of Africa. It’s about as bad as in Rwanda and Serbia – and it’s bad for our economy.
The 1% is not an accident – it is the result of policies our government chose to pursue.
The Republican party, in Congress has:
Introduced 46 abortion bills. introduced 113 bills on religion,
introduced 73 bills on the family relationships, introduced 36 bills on marriage, introduced 72 bills on firearms,
introduced 604 bills on taxation, introduced 467 bills on government investigation, Forgot 33 votes to repeal Health Care 1.6 billion 80 hours lost!
Now THAT Is Real Job Creation,,,,,,,,
Greg,
That is such MSNBC BS. Divide and hate while our country is destroyed. Steve Jobs became wealthy and provided millions of people, mostly Chinese, with jobs. Do you begrudge him that? Do you think that anyone could do what he did? Apple did, and fired him and almost went under,
Stop being a dope!
You won't even spell my name right and I'm a dope?
Prove me wrong, cite the inaccuracies!
FACTS? LOL!
Your "SELECTIVE" facts are BS. Republicans don't want to FUND ABORTIONS, Democrats think it is their "right" to steal, confiscate, and begrudge others of the money they WORKED to obtain EVEN AFTER THE PEOPLE HAVE PAID TAXES on the MONEY. Witness the 55% DEATH TAX Obozo wants.
There is no more vivid or offensive example of the “you didn’t build that” philosophy on the books than the federal death tax, which supposes that when you die a hefty portion of everything you built up over a lifetime ought to go to government. It’s a vestige of the feudal days when all property was owned by the king.
That’s probably why the death tax is the “worst tax — that is, the least fair” according to polling by the Tax Foundation. And it’s also why our founders thought the idea of seizing an estate at death so outrageous that they prohibited it as a penalty for treason in the U.S. Constitution (Article III, Section 3). And yet now, seizing more than half of it as a penalty for accomplishing the American dream is the preferred policy of Democrats in the United States Senate.
Read more: #ixzz2DpLfHFIb
Obama said the tax cuts only help the rich. If that is so, why is he so worried about the middle class tax?
Democrats are going to fight over this issue, insisting that the rich pay more tax and for what purpose? To run the govt. for 8 days.
Democrats better find a way to come with some revenue to pay for all the freebies they want. Republicans will not go along with the rich paying for all of this.
A fair way to keep the freebie programs is to tax the people that voted for the freebies. After they find out they have to pay for services, they will change their vote.
"Obama said the tax cuts only help the rich."
When did he say that? What freebies are you refering to?
golfsleft, you can't have a serious discussion with individuals who get their information from Limbaugh and Fox.
I wont type it all but here is the link http://www.staged.com/video?v=Klmb
Yes senator Obama did say that. He also said raising the debt ceiling is IRRESPONSIBLE.
Gman I have never heard Rush. As for fox, I do go there, along with BBC, drudge report, CBS, NPR.
All of those sites are far more creditable then this site. MSNBC is a left wing propaganda site. I come here to laugh at you uninformed people.
GOLFLSEFT and GMAN YOU MORONS CONTINUE to PROVIDE EVERYONE with PROOF that YOU ARE CLUELESS IDIOTS! Obama has said at least 10,000 times that the "republicans only want tax cuts to benefit the rich". Good grief, YOUR OPINIONS are all you have and you cannot even provide an argument for what you think let alone an argument against anything someone else says.
Honestly, just believing the Obama and liberals BS and HYPE is NOT a SOLUTION to a PROBLEM that you apparently do not even know exists or what it is.
NEWS FLASH
OBAMA ADMINISTRATION SHOWING MORE SIGNS OF BEING CORRUPT.
Costco co founder and CEO, Jim Senegal, a large supporter of Obama even speaking at the Democrat national convention get a special tax break. They were awarded a special dividend to avoid the Mr. Obama's dividend tax increase
COPY AND PASTE BELOW IN BROWSER (Moderator does not allow links)
online.wsj.com/article/SB10001424127887324705104578147513153831692.html
www.reuters.com/article/2012/11/28/us-costco-dividend-idUSBRE8AR0Q220121128
news.yahoo.com/costco-pay-7-special-dividend-december-18-145925944--sector.html
foxbusiness.com/on-air/willis-report/blog/2012/11/30/tax-fairness-obama%E2%80%99s-friends-what-about-rest-us
romney got things done in a state 80 plus% dems by being a good leader what has obama done? can't even get a budget through a 50/50 split but we got the best person for the job...right??? he's made sure every group in this country hates each other and everything is much better now, gas prices, food prices, medical costs,on and on but taxes won't go up for the middle class?? the rich pay the taxes then they raise the prices of the goods they control to offset the tax increases so who pays for tax hikes??? the middle class how about cutting the government in half?? then there will be a real tax cut
What did Romney get done? Oh wat, he got Romneycare enacted.
The hate continues to come from the right. They threw down the gauntlet when they decided their only agenda for our country was to make the president a one-termer before he even took office. Wingnut, obstructionist idiots.
Hey, skip, Robme is a joke. The man is responsible for outsourcing jobs and scooping up companies ready to go bankrupt totally forgetting about the people who worked for those companies forseveral years. Those people lost their pensions, their lives. How can you call this man a good leader. Like the Republicans in Congress, he is a greedy, miserly man. President Obama is not the one that divided this country, the Republicans are with their voter suppression efforts and their "wars" on everything they can find from women to marriage equality. The rich in this country NEED to take responsibility and pay their share instead of heaping it all on the poor and middle class.
hey mountain you said it exactly his company scooped up near bankrupt companies, those people were already on their way out of a job, tried to remake the company into a profitable one and if they failed they sold it off...sounds terrible to me, one of those companies was STAPLES those people really got hurt, right??? the company makes its money from the ones that recover not from the ones they sell off the hardware and real estate???? outsourcing is all over try to talk to a english speaking person at almost any help desk, the shoe industry left a long time ago along with the clothing industry...they left because of the EPA standards being so strict....on and on romney has nothing to do with that!!!!!
You know what everyone, it is time for the Conservatives, the real Republicans to stand up to this piece of poo Dictator in Chief who wishes to destroy this nation and send all of its tax money from all the hard workers to foriegners around the world because he thinks they deserve it and punishing investors and traders of the markets and business and cramming all of his radical socialist communist agenda down our throats, to tell Bama and the Socialist to stuff it in their butts and take a hike. If we need a fiscal cliff to get this point then we need to do it to stand our ground and show everyone we have a backbone and we arent going to just wuss out to these punks. If you let this fiscal cliff happen, maybe that will open peopls eyes alittle bit to reality folks. Im a veteran Currency Trader and price analyst and when I look at the charts for the Dow and S&P 500, I see their 2009 lows being reivisted sooner than later and yes eventually broken thru with other lows revisited from the 70's and early 80's. Guess what some of us will do well in our investments when that happens adn some wont because they are told to buy and hold and everything is peachy, weel folks its not peachy and youd better be smart with your money and put it on the sidelines before you waive goodbye to all of it okay. Bama and the Socialists dpont give one hooter of a damn what happens to you okay. They are all self rightious selfish lying pinheads with Degrees okom. There is one good thing though. because Bama was re-elected, he will be the pone in history books who is blamed forever for whatever happens during HIS 8 years in office, correcto, you read that right friends. Go ahead Socialist MArxists Communists and try and estory this great Capitalist Nation, and only then will you know what war and people fighting their own politicians really looks like in my opinion anyway. And as for all those idiots living on food stamps not going back to workor loving to be cared for by our federal gov morons, please go to another country okom, because here you need to work and pay taxes and not sit on yo bottom being givien everything okom. 25 million out of work, 60 million more in poverty, Bama done a great job huih??? Wow. Do any of you Libbies like the Greece situation with the people throwing bombs at the gov buildings because they are so pissed off, well 2016 may bring us Greece, embarrassingly enough but probably true my little Libbies. Safe up all your money and other items because I do believe its gonna get very very bad before it gfets good for most again. Once the Socialist Libbies are defeated and some of the 51% really find out the truth and vote for someone else with real change and hope okom. Tootaloo form Conservative ville.
Does your mother know you talk like that?
Oh, these Republican supporters love to walk in lock step with each other. They think being disrespectful and insulting and calling names make them better. I love how all their facts are talking points used to brainwash them into believing they are the Chosen Ones and everyone else has to follow them, their beliefs, and everything else about them. They will whine over Obama until 2016. They are greedy, selfish, cold hearted people. Well, I got lots of cheese for the whine they are spewing forth. I love it when they compare the American situation to Greece and other countries having their own financial problems right now. What does any of that have to do with anything going on here? Absolutely nothing! But these blind mice will continue to lay blame because they still cannot, and will not accept the black man in the White House. Booo Hooo!
The difference between Greece and America, is the European Union is bailing them out...who is going to bail America out? China or Japan?
Eric - Your grammar, spelling and punctuation tell me you have no more than a high school education. Very much doubt you're in the market as you claim. Your diatribe sounds very much like a Hannity induced disease that most of you Repubs fill up on daily. Back away from the television and radio dial and please stay off the internet until you at least complete a 200 level writing class. Your points might be easier to digest if you could form some coherent thoughts.
NEWS FLASH
Obama Administration showing signs of being corrupt.
Costco co founder and CEO, Jim Senegal, a large supporter of Obama even speaking at the Democrat national convention get a special tax break. They were awarded a special dividend to avoid the Mr. Obama’s dividend tax increase
NEWS FLASH
OBAMA ADMINISTRATION SHOWING MORE SIGNS OF BEING CORRUPT.
Costco co founder and CEO, Jim Senegal, a large supporter of Obama even speaking at the Democrat national convention get a special tax break. They were awarded a special dividend to avoid the Mr. Obama's dividend tax increase
COPY AND PASTE BELOW IN BROWSER (Moderator does not allow links)
online.wsj.com/article/SB10001424127887324705104578147513153831692.html
www.reuters.com/article/2012/11/28/us-costco-dividend-idUSBRE8AR0Q220121128
news.yahoo.com/costco-pay-7-special-dividend-december-18-145925944--sector.html
foxbusiness.com/on-air/willis-report/blog/2012/11/30/tax-fairness-obama%E2%80%99s-friends-what-about-rest-us
We need a "No Czar" his or her only job is to say no to spending. Hire 10,000 Accountants instead of teachers and look at every check that goes out the door. Maybe call a few people and say we got your check come pick it up we would like to talk to you.
I hope the President has learned that the party of 'No' will not go along with what the people voted for. Obama will have to let the fiscal cliff happen and then come back to pass tax cuts for below 250K afterward. The GOP is waiting on Obama to cave like he did before. I hope he has learned that you can't compromise with a party that just says 'No'.
Obama is going to fold like a cheap lawn chair. Just like the last time.
Obama doesn't have to run for reelection.
Everyone else does.
Make sense?
The Bush tax break will continue. Not enough time to figure out the details. Let's kick this can down the road a few more times. You act like Congress will actually make a decision. Make sense?
Obama can play hard ball, he isn't running for reelection.
He can have is bluff called and it doesn't matter.
Make sense?
Obama said we will not go over the cliff during the debate with Romney. He already played his hand. Make sense?
Common sense You are forgetting one MAJOR thing. Obama wants to go down in history as a good president. That means more to him then anything. Republicans can make him or break him and he knows it.
Just wait and see, there's one person in this negotiation that won't be running for reelection.
by the way folks incase you were wondering, capitalism and low taxes and promoting investment and trading in the markets and not punishing profit from investment and trades is all a very very good thing. its what put this country in position to be of help to as many countries as we have thats right helped throughout the last 3-4 decades okom. socialism does not do that and breaking relations with our allies and friends of the world also stupid. worst two presidents in us history carter and bama. bama being the abspolute worst by far because of his radicalism and socialist and communist ways he does things. have awonderful conservatuive republican christmas okom.
So you've never heard of GW Bush?
Hahahahahahahahahahhahahahahahaha
You should Google it....you'd be shocked at what he did to destroy this country.
Eric, socialism and communism are two different concepts, first of all. You seem to have a problem with allowing everyone, not just the rich, but everyone a chance to achieve success in this country. There is nothing wrong with that at all, yet you seem to think there is. Why? Where do you get that President Obama is breaking ties with our allies? I don't remember reading anything like that or hearing anything like that anywhere. You think just because President Obama does things differently, he is not doing his job. I salute him for going straight to the people, especially yhe ones, we middle class, that the Republicans in Congress are holding hostage right now. And what about the poor of this country? Are they to suffer worse? The Republicans have been sitting on the American Jobs Act since it was presented to them in 2011.When are they going to act on that? Get over it and yourself!
"Capitalism is the legitimate racket of the ruling class."
Al Capone
Common sense You hate Bush but want to keep his policies. Are you admitting his tax cuts for the middle class was good?
Lets get Bush out of the picture and go back to the Clinton era taxes.
I don't want Bush policies at all, we should repeal Medicare part D and not make taxpayers fund unlimited drugs for old people.
He left a $1.4 trillion deficit that's going to take decades to erase.
Tax breaks designed to boost the economy required massive borrowing to pay for.
It was a complete and total disaster, the worst depression this country has seen in 80 years
NEWS FLASH
OBAMA ADMINISTRATION SHOWING MORE SIGNS OF BEING CORRUPT.
Costco co founder and CEO, Jim Senegal, a large supporter of Obama even speaking at the Democrat national convention get a special tax break. They were awarded a special dividend to avoid the Mr. Obama's dividend tax increase
COPY AND PASTE BELOW IN BROWSER (Moderator does not allow links)
online.wsj.com/article/SB10001424127887324705104578147513153831692.html
www.reuters.com/article/2012/11/28/us-costco-dividend-idUSBRE8AR0Q220121128
news.yahoo.com/costco-pay-7-special-dividend-december-18-145925944--sector.html
foxbusiness.com/on-air/willis-report/blog/2012/11/30/tax-fairness-obama%E2%80%99s-friends-what-about-rest-us
The Republicans need to be reminded that Grover Norquist was never elected to do the peoples' work, but they, on the other hand, are employees of the PEOPLE. They then need to pull Grover's you-know-what out of their butts and do the PEOPLES' work. It's appalling how the right-wingers will protect the rich minority in this country. Bush created the deficits by awarding tax cuts to the rich minority and now the Republicans are fighting to protect the rich yet again. Their answer: do away with the middle class mortgage interest tax deduction and - problem solved!! That's right, that's what they mean when they use the phrase 'tax reform,' folks! America, wake up!!
I have a simple solution that cuts right through all the rhetoric.
Give the President his tax rate increase but condition it with a 10% across the board cut in annual government outlays beginning in fiscal year 2013 and continuing until the combination of tax rate increase and spending reductions have balanced the budget.
By my simple math:
2012 annual deficit: 1.1 Trillion
2012 Annual Outlays: 3.729 Trillion
2012 Annual Receipts: 2.627 Trillion
Through simple projection we get:
2013 New revenue from tax rates: 106 Billion (1.6 Trillion / 10 years)
2013 Annual Receipts: 2.627 Trillion + 106 Billion = 2.733 Trillion
2013 Annual Outlays: 3.729 Trillion - 10% = 3.3561
2013 Annual Deficit: 3.3561 - 2.733 = 623.1 Billion
And so on until the budget is balanced. Obviously the numbers don't take into account a rise or fall in receipts etc... but the basic principal is sound. Then when the budget is balanced is we can debate lowering the tax rates (along with equal spending cuts) or perhaps running a surplus that is applied directly to the national debt.
This plan is fair and balanced. The rich pay more (a happy President) and we get true and immediate spending cuts (conservatives are happy). Across the board cuts are less painful. No single agency, grant, fund, or department is forced to bear the entire brunt of cuts all at once.
Impressive, if that plan would work as youve laid it out, that would be great. Are you a Conservative or pro business investor kind of peson or more Socialism type, just curios?
Thanks
What the heck are talking about. Your 'projections' do NOTHING but slow the INCREASE of the National Debt from 1.6 Trillion to 623 Billion!!!!
With your calculations the Debt INCREASES, and you think slowing its increase is PROGRESS? You don't have a 10% decrease anywhere and getting the liberals and Democrats to AGREE to that is IMPOSSIBLE, and THAT is the problem.
I am a conservative very much in favor of reduced government. Less government is better for us all. What I really am is frustrated. Our leaders on both sides are ignoring simple household economics. Namely - you can't spend more than you bring in and survive long term. One side is bent of raising taxes. The other side is bent on closing loopholes. Both sides are ignoring the fact that there simply isn't enough money through higher taxes or closing loopholes to even begin to close the deficit. Thus what is needed is true spending cuts. So - make it painful for both parties. Give Obama his tax rate increase but also force him to agree to real spending cuts. Both sides win and both sides loose. Just the way our political system is intended to work.
msnbctheliberallystupid -
Read what I wrote a little more carefully. The suggestion is to reduce the annual federal outlay by 10% per year until the combination of the proposed tax rate increase and 10% annual reduction eventually balance the budget.
You are correct - my plan doesn't instantly eliminate the deficit. While this is certainly ideal it would never happen. There isn't anyway possible enough Congressmen and Senators would vote to remove 1.1 Trillion from the budget in a single fiscal year. Therefore I offer a more pragmatic approach where the deficit is reduced and eventually eliminated over a period of a few years.
Visit gpo.gov. There you can download all the federal budgets from 1996 to current. If you look at the summary tables you will notice that none of these budgets reduce spending by a single penny. That should make you angry. What should also make you angry is that if you look carefully you will notice that the so called "stimulus" of 2009 has been baked into the federal budget for the last 4 years.
I am constantly frustrated with the rhetoric and name-calling. Focus on the actual budget numbers. Do some simple math. That will tell you if the politician is speaking truth or playing games with numbers. From what I read the math on both sides simply doesn't work.