John Boehner makes a new offer to President Obama in hopes of reaching a deal to resolve the impending fiscal cliff. NBC's Kristen Welker reports.
House Speaker John Boehner (R-OH) sent a new offer on Tuesday afternoon to President Barack Obama in hopes of reaching a deal to resolve the impending fiscal cliff.
Specific details are scarce, but the proposal apparently was made as a counter-offer to something the White House had proposed over the last few days. A GOP aide said the White House plan offered $1.4 trillion in new revenue, but the GOP still not moved from offering $800 billion in revenue.
Boehner spokesman Michael Steel told NBC News the following:
"We sent the White House a counter-offer that would achieve tax and entitlement reform to solve our looming debt crisis and create more American jobs. As the Speaker said today, we're still waiting for the White House to identify what spending cuts the president is willing to make as part of the "balanced approach" he promised the American people. The longer the White House slow-walks this process, the closer our economy gets to the fiscal cliff."
Speaker of the House John Boehner provides an update on the fiscal cliff negotiations, placing pressure on the White House to reveal how they intend to compromise with House Republicans on spending cuts.
Since this is a new offer, it’s assumed to be different from the one put forward last week by the GOP that called for $800 billion dollars in new revenue through closing tax loopholes and deductions, along with an additional $600 billion in savings through cuts to entitlements.
A GOP aide opined to NBC News that the president must move more quickly on “the spending side” before any deal could hope to be accomplished. A major sticking point to date has involved how much ground Republicans would give on tax rates for the wealthy.


It looks like Boehner is still trying. Where's Obama ?
Where are the proposed spending reductions from Obama ?? Real, or a sham ?
Firing up more spending using Air Force 1 as a taxi cab.
Same old, same old?
. what's next? Boehner crying on national TV for being rejected?
Question...if the GOP is so uppity about spending cuts why haven't they suggested any?
It is hilarious to see the House GOP accuse the President of slow-walking the process.
jim,
President Obama presented Speaker Boehner a revised plan when they met on Sunday. John Boehner’s plan is a counter to Obama’s proposal from Sun.
What's new from these guys?
Jim ... do you READ? The article clearly states that the offer was sent this afternoon and the White House was looking over it. This after Boehner demanded an offer earlier today?
I wonder who told Boehner to do his job and shut his trap?
The first big "spending cut" I'd like to see is all those billions of dollars oil subsidies.
One of the most lucrative businesses in the world should NOT receive a "free ride".
Walking ? More like "Crawling". Obama actually does not want a settlement ... that way he can raise taxes on everyone .... and play the usual "blame game" of finger pointing at the Republicans.
If the Bush Tax Cuts expire for ALL taxpayers, Obama has more to redistribute as he sees fit. Maybe some of the independents who voted for him will wake up then. Democrats will never wake up.
Says the putz who claims to be a CPA even though he lacks basic understanding of how the EIC works... lol
I wouldn't allow you to write my grocery list let alone anywhere near my taxes!
PS: I'm anxiously awaiting your canned reponse little Jim-Jim!
XOXO
BIIIIIG FEASTY
Sorry, jerk, but seniors PAID FOR THEIR BENEFITS. Social Security does NOT add to the deficit, so there is NO reason for it to be part of these "discussions".
TO: Layton-3733410 who wrote:
Probably President Obama (I hope).
lol
As others have said, and I agree.... obama has never negotiated a deal in his career.... and he won't this time. Perhaps Bided can convince him to compromise and cut a little spending, but I doubt it... as far as obama is concerned, Biden's job is over.
Right Skylark,
SS has been floating the federal budget for 30 years.
I actually think any and all SS solvency issues 25 years from now can be solved by returning the favor and simply allowing the SS trust fund to borrow money from the general fund for the following 30 years. By then the generational population bubble will have passed, and funding will be again stable and pay-as-you-go. Solved. No other entitlement "reforms" are needed.
It is time for Boehner to walk away and let the chips fall where they may. Obama wants the nation to dive off the fiscal cliff because in his warped world Democrats win. Sad to think this whole chess game is about which political party gains, and not whether the American people do. Ultimately everything the Democrats ever wanted results from going off the cliff, more taxes, defense cuts, and as long as Republicans get blamed it is a winner in their minds. Republicans were stupid enough to go along with this plan, because they failed to realize it is everything the Democrats have ever wanted.
TO: jim-1455434 who wrote:
Boehner has to first have a "deal" with the majority of the Repulicans in the House.
We've already seen what it looks like when Boehner cuts a deal with the President and then goes back to House just to slapped down by the Teagaggers and Eric Cantor.
The fact is, Boehner can't deal with President Obama alone, Boehner has to have the approval of House Republicans or there's no deal anyway.
Funny...I seem to recall a deal that President Obama thought he had with Speaker Boehner about a year and a half ago but it turns out the Republicans made the Speaker renege.
Aaaahhh, BIIGGG FEASTY rears her snout again ! How much you packin these days toots ? Have you gotten below 290 ?
Look up refundable credits .... there are many. Furthermore, unless you magically know whether roadlesstraveled is married or not, files jointly or not, and whether his wife works and has income or not .... you simply put yourself in the same class of poor tax advisors as one of your buddies ! You really should get some malpractice insurance for yourself.
Where is the detail of Obama's proposed cuts ? You're a cut and paster ... can you show me the details ?
Time for obama to sit out... this is big boy negotiations. If he was smart and didn't let his ego get in the way, he'd realize that sleepy Joe Biden could do a much better job getting a deal done!
Social Security is NOT an entitlement, it is paid for by the employee and does not add to the deficit. Social Security did NOT get us into this financial mess, but 2 unpaid for wars DID.
Cut military spending. Raise all tax rates. I am a small business owner, raise my tax rates back to the Clinton years. Washington has both a spending problem and a revenue problem. Both problems were exacerbated by George W Bush, who cut taxes(revenue) and sent us into two unpaid for wars(spending)
Not bad, less than 10 minutes before your predicted response!
Might be a new record for you little buddy, sorry we have no consolation prizes left for ya! lol
Good to see the Feisty Redhead dog-whistle still works on the rabid ankle humper...
Rick,
If "that's all they ever wanted", then why are they fighting to stop most of the cliff from occurring, while Republicans aren't trying at all?
Time to cut defense spending and other corporate welfare which have worsened national debt.
When Bush's medicare prescription drug benefit law passed 2003, the pharmaceutical lobbyists secured billions of dollars of corporate welfare when they guaranteed that the federal government (the largest buyer of prescription drugs) couldn't negotiate prices, not only giving corporate welfare to pharmaceuticals that really don't need such giveaways, but also adding more to the debt and deficit. This giveaways also make Medicare more costly, adding fuel to GOP argument about runaway costs of Medicare. If so, the GOP caused them, GOP's corporate lobbyists and donors caused it
.
Time to end ALL corporate welfare.
Only those who remember The Little Rascals when they were in the orphanage and there was a Magic Lamp might get this, but here goes:
Rep. Boehner to Pres. Obama:
"Now, Spanky, be reasonable!"
FORWARD
I'm with the GOP on one thing. Let's hear what Obama's willing to cut before giving him more money to waste.
TO: SteveH USA who wrote:
They don't come any bigger than the President of the United States.
Is that over 10 years? Talk about nickel and diming. We are so done.
AAahhh BIIGGGG FEASTY ! I am so sorry ... I beat you to the punch and your were not the first poster ... as usual. Perhaps, that would explain the weak attempted put down on your part.
But you FAILED to answer the question .... Where are the details of Obama's proposed spending cuts ? Can't you find these at all ??
I'll take heartless bastards for $2000 Alex...
Who was it again who said; "Deficits don't matter"?
*jeopardy music playing*
Who is; Dick Cheney?
First, it added to the deficit last year. 2nd, it has unfunded liabilities that kick in about 10 years, ie more will be put out than taken in. You can't look at SS on a year to year basis, it is moronic to do so. In 10 years, the program will be taking in less from younger workers to pay for the older workers.
3rd, the average SS recipient utilizes 30% more than they paid in on average, this is an entitlement. Since the age has not risen with age, it makes the pay in versus pay out weight more to the pay out side, instituting an entitlement. It is not a balanced program due to the liberals dumbness in sticking to 65 years of age retirement.
The wars added only 1 Trillion of the 6 Trillion under Obama. Stop lying.
Why do liberals continually lie about every little budgetary item. It shows an utter ignorance for reality.
The financial mess was also caused by a derivative bubble, not by the Wars. The Wars had nearly nothing to do with the recession. It is an idiotic interpretation of economic matters to assume so.
TO: AG99 who wrote:
Well, knowing our President, he'll go after all those tax breaks for multi-billon dollar corporations, tax loopholes to the mega-rich, and basically any kind of tax breaks that multi-millionaires don't actually need to continue to be "millionaires".
And knowing Republicans, they'll go after the elderly, the middle class, and the poor, as always.
Boehner is negotiating from a position of weakness. The President would have let the Bush tax cuts expire in 2010 if he could have.
The right had better offer something serious or all taxes rise. Which is fine.
Start paying down the debt now.
If the the dems wanted a real "man" to do be in charge of negotiations they would call on Hillary. She has the only real set of "balls" in the administration.
This is all just positioning and posturing. Boehner's continuing to yield ground to the president hoping he can talk him into accepting tax brackets lower than Clinton's tax brackets. If he ever gets Obama to say "fine, close enough," he'll portray it as a victory for the Republicans, having "stopped" Obama from hiking up taxes even more. Then he'll point to all the reduction in spending as another victory for the GOP. He's not dumb enough to go over the cliff, because if that happens, the democrats get everything they want. The Clinton tax brackets return, and then they can push through a tax cut to the middle class AGAIN and look like heros twice over. The GOP will look worse than when every dolt lined up and voted against health care, only to now watch America enjoy cheaper, better coverage than they've ever had before all thanks to the democrats DESPITE the republican blockade. The GOP won't be that stupid twice. Boehner will surrender and then play it off as a win.
Who was it in 2010 who said entitlement growth was the number one driver of the deficit?
*jeopardy music playing"
Who was; Barack Obama?
I remain skeptical that ANYONE on the Repub bench can define the term 'New Offer'. Sorry; but after YEARS of watching their retreads,...New is as foreign to them as Compassion.
But, I tend towards pragmatic with my observations.
pssst... Hey, Jim... ""We sent the White House a counter-offer" means Obama is already there. Do you read these things or do you just rush to post and get your cookie? Obama wants tax relief for everyone making up to $250,000 - you know, the people that go out and spend their money and create jobs.
May be you should wake up jim. President Obama already suggested that congress pass and keep in place all the tax cuts for people that make 250k or less...that is the 98% of Americans.
Then continue to negotiate the top margin. the TOP 2%.
But you see jim, republicons are more concerned about the top 2% then the working families. You clearly live in a alternate universe than the rest of us.
Obama's offer is to spend 75% of all new revenue on more government spending. Thus his 1.6 Trillion over 10 in deficit reduction is only 400 Billion, a drop in the bucket, less than one half of one year of deficits.
It is a joke of an offer.
Remember how evil the Bush Tax Cuts were until this year? Now they are forever enshrined in liberal budgetary concerns.
How much vile spew came from the left over those tax cuts, claims of it not helping the poor... yet now you are so indebted to them. Hilarious.
The Republicans are wasting their time. Mr. Obama does not care about any opposition proposal....he WANTS America to go over the Fiscal Cliff....just ask ANY Progressive in Congress who swore they would NOT even consider any spending cuts.
Yep, go over the cliff then blame the Republicans. Setting the stage for a Hillary run in 2016 and that will be the joke of all jokes.
These are all corrupt politicians, their biggest worry is how to get reelected after doing the right thing for this country.
TO: NH_Shellback who wrote:
Crybaby Boehner can't even stand up to Eric Cantor or the Teagaggers.
We wouldn't want to send Hillary in to embarass the heck out of the Speaker of the House and make Boehner look like a "girly man"!
AG: Well, that's a start (your first paragraph, not the second), but it's not enough. We'll need much more than just closing some loopholes for rich folks and corporations. We need that too, but those things aren't all that lucrative.
SS, Medicare, and DoD are the gorillas that need taming. DoD is an obvious target, but what about the others?
Jesse,
The Bush tax cuts, in and of themselves, weren't bad. It was the spending that occurred after them that made them a point of contention.
You simply can't go on a Bush-like spending spree while, at the same time, reducing your revenue.
Now that the economy is recovering, it's time to focus on the debt. Time for the Bush tax cuts to go.
TO: AG99 who wrote:
I'm not sure we can do it all at the same time, being that we're still in our Economic Recovery stages.
We don't need a "shock to the system" right now.
But yes, even Bill Clinton said that Social Security and Medicare will have to be dealt with because, as you say, they are the Gorillas in the Room.
i am still waiting to hear exactally what those cuts would be and what they would be for other than social sewcurity..which congress as a whole has robbed for many years.
Just yada, yada!
It's a NEW and IMPROVED Fiscal Cliff! Act Now, because supplies are limited! And, if you order today, you will get a limited edition Crying Boehner Bobble Head Doll! This lovingly hand-crafted replica weeps real tears when you touch its heart. This stunning, life-like replica is not available in stores. So get yours today, before they are all gone!
Sounds like you need a woman's touch, exactly what "Bawling Barack" brings to the table.
TO: Rick-3416939 who wrote:
That's all Boehner has been doing for the past 4 years!
John Boehner is the most powerless Speaker of the House I have ever seen!
^^^^^^^^^^^^^^^^^^^^^^^^^^^
TO: ivan, NC who wrote:
Democrat President Bill Clinton made Social Security solvent for 40 years when he was in Office, and when he left office Social Security had a surplus in it.
By the time the Bush Administration left Washington, all that was left in the "Social Security Lock Box" was an I.O.U. signed by George W. Bush.
I wouldn't expect for President Obama to do much to Social Securty, but if something does have to be done (and we know it does) then President Obama would be the only man I'd trust to do it right.
The only way out of this mess is take a really big axe to the government employee dole and start chopping along with all their entitlements starting with Congress and working our way down ....... This is where the BIGGEST waste is We pay all that money for what these fools are totally useless.....
TO: Sam627556 who wrote:
Republicans really love the thought of stealing other people's money, which is why it was absolutely critical to re-elect President Obama, and that's exactly what we did!
If lower taxes create jobs then why aren't there any being created?
Where are the jobs the conservatives promised in 2010? (the tax rate was the same then as it is now?
The rhetoric of the right never seems to materialize? You know, like, job creation. Or, how about making Obama a one term president. Or decreasing the size of government while Dubya doubled it. Or claiming to be capitalist wanting to privatize everything so the taxpayer can spend even more to socialize Wall Street/bank losses. Or deregulating the financial system (they don't need no stinkin' rules). Or controlling the cost of health care. Or, WMD's. Or, union busting, creating jobs. The conservatives want you to believe that everything they do is going to create jobs. They've had 4 years since the economy tanked. Two years with control of the House. What have they done to fix the economy that was trashed after the last conservative administration? And all they've done is hold the American people hostage to their agenda.....while telling us they're the "job creators." I don't need to work to age 70 to pay for the recklessness of the conservatives. You guys created this mess, now you can pay to fix it. Nobody should have work until 70 unless they choose to.
here, here! TJohn from Missouri
Why can't the 47% (Mitt Romney voters!) see how F.O.S. these guys are?
They're always wrong.
From my understanding tax revenues are up 10% in the first two months of the new fiscal year but spending is up 16%. If the war in Iraq is over, the war in Afghanistan is winding down, five million jobs have been created, why is spending so up and how are we going to get the deficit under control?
Remember raising taxes on the top 2% will only raise about $50B this year which the President wants to spend on a new stimulus.
President Obama is hiding under the bed in the Lincoln Bedroom or playing golf in Hawaii or still campaigning from Air Force One, as opposed to being in the middle of the negotiations.
Where are Presidents like Harry S Truman or Ronald Reagan, they would walk on down to Capitol Hill to negotiate and reach a compromise.
TJohn,
I thought there has been 5 million jobs created in the last two years which coincided with the Republicans taking control of the House
"I thought there has been 5 million jobs created in the last two years..."
And I thought I heard on Hannity, "we keep LOSING jobs....We have LESS jobs than when Obama took over...."
Uh- but really, the job losses didn't start to diminish until 2010? Really- that's what that 'bikini graph' shows?
Why isn't Boehner negotiating with Pelosi instead of Obama? Oh how I remember the crying from the Republicans a few years ago when they were making false claims of being left out of discussion and are now doing what they accused the other party of doing.
Obama has already told the dumb azz what he expects and what he will not accept so why is he leaving Pelosi out of the discussion? Also why isn't Boehner taking a vote on the tax bill that has already been passed by the senate?
Just what has the Republican controlled house done to help create jobs? This is the most do nothing house in the last 100 years. It's even worse than the 1947 house that set the record for incompetence. What got the jobs situation moving positive was the turn around of the mess that the Republicans and Bush caused.
Drive-by,
We now have a few hundred thousand more jobs than when the President took over but we also have a smaller workforce which is why the unemployment rate has come down.
You really should not believe everything Hannity says
What the Republicans refuse to admit is that when Obama took over in 2009, the economy was on a downward death spiral and Obama stopped the slide and started getting positive job growth for the last 31 months.
Another Republican myth is that tax cuts create jobs. That's BS because it's supply and demand that creates jobs. No billionaire is going to hire people and product products that people can't or aren't going to buy. But if the lower and middle class people have money to spend and are looking for products, the billionaires will make sure that those products are produced by hiring people to product them. You could give the billionaires a 50% cut in taxes and they still will not spend it to create jobs unless there's a demand for what they are producing. To believe otherwise is ludicrous.
that's your problem 'Buzz' you watch Hannity. Im sure you watch that because you like to 'know thy enemy'. yep thats it. See I get all my info from FR and the Ministry of Truth aka WH. And today we're at war with Eurasia.
To all of you posters who are wailing "let's see the proposed cuts first" - ahhh, is this your first look at national politics and fiscal cliffs? It sure does sound like it!
Cuts are addressed AFTER we get past the hurdle with the Bush era tax cuts. It is akin to basic accounting, or for the simple minded, how your bank credits and debits your checking accounts (you do have checking accounts and understand this, right? No, don't answer . . . <sigh>)
Try at least one other news source besides FAUX for your daily dose of news . . . jeez, and most wonder why this country is in such trouble . . .
Hey Republicans in the House. Each day as you drag your feet the debt gets worse and worse. We are waiting, are you going to raise the taxes on the rich like President Obama wants? If it is a no, then negotiations are over!!
Oh, and by the way. I want to wish you all a Very Merry Christmas and a Happy New Year.
This is becoming a game of chicken and my money is on our President.
New offer my a$$! Boehner and Republicans haven't come up with anything new besides voter purging, suppression and gerrymandering out the wazoo! And that wasn't good enough because they got their a$$ handed to them last November. But you won't see that in the GOP's performance because they are still obstructing everything. Obama gave into them before the 2010 election by extending the Bush tax cuts. Well that sh1t is over! If Republicans don't give in then all tax cuts are voided period.
As the Speaker said today, we're still waiting for the White House to identify what spending cuts the president is willing to make as part of the "balanced approach" he promised the American people.
Um, since when did you ask for something (spending cuts) and not specify what it is you want? Obama made it perfectly clear where he was the revenue to come from.
The Republicans want the cuts without owning them, that's why they want Obama to say what he's 'willing to do.'
Not buying it.
The balls in the republicans court. If no agreement is reached the top tax rate goes up toi 39.5% just like Obama wants and the Bush cuts end. Democrats can then put a bill up for a new similar tax cut that just goes to those making less than 250K. Republcans wouldn't dare block it. Why should Obama accept a compromise that doesn't include raising the top rate which was his major campaign pledge thats supported by most Americans including most republicans except those on the far right?
GetReal,
I am sure you realize that the tax cuts for the 98% are the bulk of the Bush Tax Cuts so the President never wants to get past them
I hope the President is ready to cut out all corporate subsidies, and military spending, by, at least, a third. That should do it. Boehner doesn't have to water down His liquor with His tears now.
Jesus wept- it's at times like these that you can tell who your friends are, and who really loves their country, versus those who like to wrap themselves in Old Glory as camouflage for their villainy, shallowness, greed or (D.) all of the above.
See, we Liberals live in the real world, and it's a damn sight more demanding a place than Republican Cloud- Cuckoo Land. Living in reality can be downright exhausting, to say nothing of demoralizing. I could almost excuse the R's for not wanting to spend any more time in Harsh Reality-land than they have to; then I remember all the extra work I have to do and all the taxes I have to pay because of their "something for nothing, screw the other guy, I shouldn't have to pay taxes" fantasy.
In Reality land, when you want something, you have to pay for it. Freeways aren't a crop that grows out of the ground. You can't have a seaport just anywhere there's water; turns out you have to build a bunch of stuff to make it useable, and that 'stuff' is mighty spendy. Wars? Fuggeddubahit- war is f****n expensive, and talk about a lousy return on your investment!
The way things get paid for is through taxes, and we Progressives are perfectly fine with that. We like living in a country where the roads are driveable, the cops are generally honest, our babies live longer than a few weeks, the water's safe to drink, and so on. Conservatives like those things too; they just have a policy of 'buy now, pay later... somehow.'
All those years that the wrong-wingers derided us as 'tax-and-spend' liberals- I'm betting that rings pretty hollow now, after our economy has been nuked and millions thrown out of work, and even their homes, in large part because of 'borrow-and-spend' conservatives. Now we're supposed to trust these guys as the party of 'fiscal responsibility'?
Man, I wouldn't trust that gang of rejects and freaks to dig their own graves.
For those of you who said "What is the spending cut from Obama?" I would like to ask you, what is the benefits of tax cut for the last 12 years?
Even with the same spending, the government takes less tax and that is already create deficit. You can't expect to tax cut and no have a plan at all.
Historically, there are no nations in any period of time EVER use tax cut and then increase spending, that is suicide.
TO: jerry l-1335133 who wrote:
Not true!
If that were the case, Bush would have never thought of any "tax cuts".
The reason Bush put through those tax cuts is because folks like his family and the uber-rich got the bulk of the money, not to mention Members of Congress who also benefitted from the "Bush Tax Cuts".
The 98% got the short end of that deal.
CuongDNguyen,
You are wrong in your statement:
Tax revenues in 2000 were $2.025 Trillion
in 2007 $2.568 Trillion
in 2012 $2.468 Trillion
while spending has gone from $1.789 Trillion to $3.795 Trillion
So you can see that taxes are up 20% in the 12 years while spending has more than doubled.
American Girl,
Sorry but 75% of the tax cuts went to the middle class and poor through increased child credits, Alternative minimum tax, and lower brackets. On a per dollar basis the rich did better because they make more.
Getting rid of the Bush tax cuts for the top 2% raises $800 Billion over 10 years while if they get rid of them for the 98% it raises $3.2 trillion.
Social Security is not part of the federal budget; it is merely put on the budget as a simpler accounting method. The program did technically have a deficit, but I would assume they would exchange the bonds in the Trust Fund for hard cash.
Well, that is not exactly accurate. The average life expectancy age has risen significantly, but that of lower income levels has not; ergo, raising the retirement rate would hit many lower-income people whose life-expectancy have not increased as much. And technically, there are more efficient ways to save the program; I for one would simply raise the payroll cap to 90% of earned income, adjust the CPI indexing of benefits, and (if that doesn't balance the program) raise the payroll tax by 1%.
Obama only added $4.8 trillion to the deficit; the 2009 budget was not technically Obama's budget (it was Bush's, even if he didn't sign it), and even then I subtracted half of the deficit for Obama (2nd round of TARP and stimulus).
If the Republicans want to get a serious deal, they need to be willing to raise revenues considerably. $800 billion isn't nearly enough to close the gap, and ironically that was the beginning offer of the grand bargain in 2011. Obama won the election, so he ought to get a larger share than he originally bargained for in 2011 (including the $1.2 trillion figure). Democrats also have to be willing to accept major entitlement reforms, although those can include more progressive means as raising the payroll cap and allowing negotiation of drug prices along with conservative means like adjusting growth in benefits and increasing the share of costs on beneficiaries.
American Girl,
Sorry here is the quote from the New York Times:
The revenue stakes were huge. Ending the tax cuts for the rich would bring additional revenues to the government of more than $678 billion through 2020, the administration has projected. Keeping in place the tax cuts for everyone else would cost nearly $4 trillion, and more counting the interest on that increase to the federal debt.
http://topics.nytimes.com/top/reference/timestopics/subjects/t/taxation/bush_tax_cuts/index.html
Do you just make this stuff up as you go? This is so far from reality its almost not worth even discussing this.
The tax cuts were an extension of the trickle down theory. Keep in mind, the economy was growing each year, the unemployment rate was below 4.7%, the CPI was low, housing starts were double digits and our deficit was trillions lower. Lower taxes benefited EVERYBODY.
Sure you can pump up your liberal drivel and continue to blame a President who hasnt been in office for nearly 5 years when the current administration had a majority in the HOUSE and SENATE for 4 of them (2 years during Obama's first term when he couldve just about passed any bill he proposed) and that solved NOTHING.
The truth is the Bush tax cuts created more jobs by allowing employers low operating costs.
The 98% will ALWAYS get the short end of the deal according to people like you. This country has more millionaires per capita then any nation on earth. Everyone can start a business, develop a product, invent an item or start from scratch and win big here. Its the people that want hand outs that will sit and bitch about the last sitting president or the opposing party and how they are keeping the man down. Get a spine and stand up and make something of yourself. Im not asking for an Obama phone no matter what. I can buy my own and stop blaming others for my situations.
Jessie in AZ: Social Security does not get any money from the Federal Budget, and it adds NOTHING to the Federal Deficit. Yes, there are unfunded liabilities, mostly due to politicians from both parties using SS as a personal slush fund.
We have a President in the White House who really has no plan except to tax and spend. That won't cut it with any group that is putting in their two cents. Tax and spend was acceptable when we didn't have such a huge deficit. Dems your guy better get his sh*t together; with something better than tax and spend for the next 4 years.
@jerry l-1335133
Then tell me, how is the value of dollars between 2000 to those period you mention?
What the tax revenue of them come from most? Let's me see, weapons, oil are just the tip.
Sure we got more tax, but historically we also spend more for tax cut than we can get back in. That's negative revenue there.
For 12 years, we spent more than 1 trillion for tax cut and it barely give us back. The value of dollar decreased a lot during the 12 years period while the Feds keep printing out more money, of course we would see the increase in tax, but that is barely offset from the money we used for tax cut in the first place.
Let's not forget to adjust the values of inflation and you will see we actually got less tax.
Dear Mr. Speaker what part of who cares what your offering do you not understand..... The voters have already told you want we wanted so give it to us already..... Mr. President it is time to Sequester Congress, do not allow the House nor Senate to leave until this issue is resolved..... Yes that means no Christmas for them unless they finally get the job done.....
Dr821: Yet you seem to have no problem with republican spending. The only major economic plan Obama has initiated was Obamacare which is fully funded. Romney on the other hand wanted to cut revenue 500 billion a year yet increase the military budget 200 billion a year that no top military people were even asking for. Romney also pledged to restart the space program at a cost of many 10's of billions a year. Why would any thinking American concerned with our debt support republicans? The increased spending on social programs occurred when the economy crashed under Bush and the numbers would have been the same had McCain won. You can't dump 6 million people out of work and expect anything different. Obama hasn't created any new programs he's simply paying for Bush's failure.
Jesse were we're you at Ronald Reagan purged Social Security and where we're you at when papa Bush got us into Kuwait and purge more out of S.S you were probably like Ryan in your diapers
AG-99 Like I say if it sounds like a Republican and acts like a Republican it probably is that;s what you are! it;s like I seen another person username liberal Republican PLEASE!
Out of curiosity?
What exactly changed from the last offer????
He is still offering the same $800b in loophole "revenue" and still offering $600b in entitlements... pardon me, but wasn't that the last offer???? So uhh, how is this any different? I think he is simply repeating his offer and calling it new to gain political cred... tell me if I'm wrong here...
jim-1455434: "It looks like Boehner is still trying..."
Yes, he is; trying everyone's patience by trotting out the same pig over and over with various new shades of lipstick.
If this were vaudeville (and Speaker Boehner certainly treats the process as such), the audience would be pelting him with spoiled cabbages and rotten tomatoes.
Oh, please. Grow up and go bother someone else. You're not even worth debating, just a one-note wonder. In your world, anyone who isn't far-left is a Republican.
Jerry, I think you missed something.
The 800 Billion over 10 years is by raising taxes on the top 2%. It was going to be only $300 Billion over 10 years for the top 1%.
Most people seem to have missed that Obama's demand went from 1% ($250,000 and above earners) to 2% ($200,000 and above earners).
Instead of moving to the middle, Obama moved away from compromise.
Not only that but when Boehner offered $800 billion over 10 years in capping deductions, Obama basically is now saying we will take those and still want the tax increase on the 2%!
Democrats seem to think this is compromise, seems to me that Democrats spend a few years selling used cars before they go to Washington.
WTH??? And just how do you know all of this? It's what you've built up in your mind? Heard it on Fox? Limbaugh?
Obama has said repeatedly he does not want to raise taxes on the middle class - only for the wealthiest Americans, which makes perfect sense, since they are paying a smaller percentage of this income.
Unless you have proof otherwise, you should stop vomiting all your crazy nonsense.
Does anyone remember when the Federal Government forced ALL states to stock up on Tamiflu because of recommendations of a Pandemic Swine Flu outbreak? Didn't I read that Tamiflu doesn't work, approved by FDA, then recended by the FDA, are their any plans for Malpractice of lying to government officials? How about a rebate from the manufacturers of Tamiflu? Nope, guess the taxpayers will just absorb the bill, like we always do. And do we even need to wonder why we are broke, when are job creators are creating a friggin mess out of the lies and greed they sow?
Trust ...
I'm not sure what you read (nor am I sure why it is relevant to this post!) but having suffered through swine flu (I felt like a steam roller had rolled over me!) When my doc prescribed Tamiflu, it helped like none other.
http://www.webmd.com/cold-and-flu/news/20121114/does-tamiflu-work-questions-continue
As far as the government asking for stock-ups ... you need to cite a source. I couldn't find one.
Go eat an orange.
I have seen a change already and some of you may have also! My change is in my mothers Bank Account at 5/3rd. Being on Social Security Disability her bank offers an account that lets her borrow or get an advance they claim on her directly deposited check. It used to amount to 1/2 her monthly check. As of December her Advance Account has been reduced to almost 1/3 of her check. There has been no explanation for this change so I am assuming that her check might possibly be getting reduced which is exactly what the GOP wants to happen. Has anyone else seen this or know of someone in their family that this has happened to?
@riley
No, everyone can't just start a business and "win big". It tends to take money to make money - a lot more than most have in their savings right now. Sure, try and get a loan. If you can get one, there is no guarantee your business will thrive. Most small businesses die. Then you are in trouble. In other words, unless you have a well-to-do family or friends to back you up, you can forget it. Few businesses "win big".
But let's get into the real issue here. Not everyone has an equal opportunity to begin with. That's the problem with that philosophy - we have our unique experiences that influence our abilities. There is always an element of chance to our lives, from birth to death. You can have a work ethic of 5 people combined and only go so far if you are, say, disabled. You can be a military vet who comes back to the states, more than qualified for a great job - but for whatever reason never gets that second interview. You can serve a company well for 30 years and suddenly get axed after new management takes over. Then what do you do, work 4-5 minimum wage jobs? Good luck finding another decent paying job because you will be at the bottom again and more likely to be among the first to get cut.
Assuming we all have the same opportunity is a denial of how the real world works and what hands we are dealt to begin with. Equal outcome has it's own problems as well.
The issues are more complex than most folks like to believe. Telling someone to get a spine and make something of themselves (bootstrap argument) is a crude oversimplification.
Like somebody said, "just more yada, yada". I feel like we're back in the 60's at the used car lot and some sleezy salesman just said, "well - we don't normally do this, but for you kid, I'm going to have to run this past my manager over there...." But I want my balloon and free boiled hot dog on a stale bun if I have to watch this.
@americangirl
Republicans really love the thought of stealing other people's money
Ma'am. It is NOT other people's money. Wow. How is it other people's money? Most people (in the real world) provide a service for which they are paid. From that money that THEY EARN, they pay taxes.
Paying for the common defense is one thing.
Otherwise, it's the Government taking the money that one set of people earn to give to another set of people (under the rules set by the Government to support their voting blocs as established by their respective voting blocs.)
Under threat of imprisonment if you don't pay, I might add.
The only "stealing" going on here is the legalized extortion/theft (under the guise of taxes) coming, by and large, from the left (so-called liberals redistributing money for the "greater good".)
Trynka-1213219 #1.34,
While all this BS going on between Congress and the WH, how many of you noticed the cost for health care for the new year have already been set. Businesses can only wait so long for the government to provide data so that they can plan accordingly, otherwise they (the health care providers) must make a best guess.
This is NO way to run either a business or government.
Our government is "broken" in so many ways. We need to convene a "constitutional convention", as soon as practical. This will NOT get us out of our current mess, but hopefully we'll survive our current dilemma until we can clean house and reduce the power and scope of our federal government.
Over and over again, we hear this. Has anyone asked why? What fueled that derivative bubble?
Let's look at a little history:
From the moment Bush entered the WH, he was pushing his American Dream Downpayment initiative. From a radio address to the nation in June, 2001, just six months after Bush took office:
For instance, while the rate of homeownership amongst all Americans is nearly 68 percent, the rate among African-American and Hispanic families is under 50 percent. One particular program, the American Dream Downpayment Fund, will provide $200 million in downpayment assistance to help 130,000 low-income families buy homes.
What is the American Dream Downpayment Fund? This fund was established by the American Dream Downpayment Act, passed by the House and Senate and signed into law by George W. Bush in 2003. Here are some quotes from a fact sheet that was passed out in the push for this legislation one year before it was passed. Note that these are things that had already been done to make minority homeownership easier:
The Administration also implemented a hybrid Adjustable Rate Mortgage (ARM) product that makes it easier for new homebuyers to stay in their homes in the first few years.
Substantially increasing, by at least $440 billion, the financial commitment made by the government-sponsored enterprises involved in the secondary mortgage market specifically targeted toward the minority market.
ARMs existed before Bush but what Bush is referring to here is a program by HUD directed at providing "Mortgage Backed Securities" specifically for Hybrid ARM loans. In short, HUD, through the FHA and VA, started providing the very derivatives you mention as a cause of the financial mess. And here is George W. Bush taking credit for it!
The secondary mortgage market is exactly where all of the "derivatives" you mentioned are sold. And here is George W. Bush taking credit for pumping $0.44 trillion into that market through "government sponsored enterprises" - politico speech for Fannie Mae, Freddie Mac and FHA. All that extra money provided the fuel for the derivatives bubble.
From the bipartisan Congressional report by the House Committee on Oversight and Government Reform on the subprime mortgage crisis released in 2009:
The Government Sponsored Enterprises led the way into the housing crisis: Fannie Mae and Freddie Mac were leaders in risky mortgage lending. According to an analysis presented to the Committee, between 2002 and 2007, Fannie and Freddie purchased $1.9 trillion of mortgages made to borrowers with credit scores below 660, one of the definitions of “subprime” used by federal banking regulators. This represents over 54% of all such mortgages purchased during those years. (p.24)
Make no mistake... George W. Bush, in his zeal to provide home-ownership to minorities, brought this recession on us. It is aptly called the Bush Recession.
Boehner purged the liberty folks who actually are fiscal conservatives from having anything to do with finance and treasury. That's right, the people who are good with money aren't being allowed to contribute whatsoever. The republican party is now the Whig Party and will die off soon if they continue down this road.
EEngineer # 1.98,
You may want to know where this started.
http://www.pbs.org/wgbh/pages/frontline/warning/view/
You'll see it started on WJC's watch.
MSNBC has an article that DEMOCRATS are trying to delay ObamaCare TAX increases in medical supplies because it will kill jobs.
Why? You won on Obamacare. Liberals scream that tax increases don't hurt jobs. Then why are Democrats delaying taxes that everyone knew was coming. By delaying Obamacare costs will go up even more. Liberals said Obamacare was great for America as is....why the sudden change?
Are Democrats admitting that tax increases hurt jobs? Or, did some Democrat just get bought off?
I see that some people still come down very hard on the republicans. I dislike both sides of the isle because the republicates are to far right, where the democrats are to far to the left and NOTHING get done thats good. Now the issue with most plans in washington is that one day in 30 or 40 years, or less, we will have an issue like Greece where we as the US cant borrow money because our debt will be SO BAD the Taxes wont cover anything. I see one day washington will be required to overhaul itself to the bare minimum of defense and infrastructure, NO Medicine, NO Social Security, NO Vet Benefits, and so on. We the Governement CAN NOT KEEP SPENDING SO MUCH MORE THAN IT MAKES.
The other option is declare BANKRUPTCY!!!
Btone - I half agree, we should let all the Bush-era, "temporary" tax cuts expire. This would bring us back to the tax levels of the 1990s, when our nation came the closest it has been to having a balanced budget since the 1950s. It was also a time of strong economic growth.
But, we should not achieve this by just letting the tax cuts expire, and enacting sweeping, across the board spending cuts. It should be done in a controlled fashion.
To do otherwise would apply spending cuts where they should not occur, and perhaps allow some undeserving programs to be preserved. It also is unsettling to the public, and the economy, that our beloved government cannot even govern, except via a series of near disasters.
Alas, Congress is highly polarized today, and both sides are pursuing their goals with the dedication of a holy warrior, and it is the public which will feel the edge of the sword, not the politicians.
I don't know where so many of you are bringing in this Social Security issue to the fiscal cliff talks. I didn't see it in the article, and I didn't see anyone mention it prior to you guys saying it's not an entitlement. Perhaps I missed something, but I didn't see it. It is an issue that will need to be dealt with, sooner rather than later, if people want to actually have it work for them in the nearing future. It's not going to last at it's current rate. I'm not saying what needs to be done, only that the money will run out!!
You can argue all you want about about the spending, I won't disagree with you, but the wars themselves weren't the primary factor in spending.
However, you are asserting that Bush cut taxes, therefore there was less revenue. That's just not the case. In fact, under Bush, there had never been more Revenue taken in, in the history of the United States.
Here is a link to the actual numbers of both "receipts" or Revenue, and "outlays" or Spending.
In 2000, the US took in 2.025 Trillion in revenue, and fell each year through 2003, when the US took in 1.782 Trillion. After 2003, the Bush tax cuts took hold, and the economy began to grow, with an increase in revenue each year through 2007 when the US took in 2.568 Trillion, with a very slight dip in 2008 when the US took in 2.524 Trillion, but almost unchanged from 2007. We all know what happened after 2008. The US has still yet to take in as much Revenue as it did in those 2007 and 2008 years. You can argue all you want as to why the recession happened, why the housing market fell, or even the effects of the global recession.....but you seriously can't argue that there was less revenue after the Bush tax cuts, because it's just not true!!
The tax cuts did create economic growth, thus leading to added revenue. It's a fallacy to say that the problems we are dealing with are a result, even in part, of the Bush Tax Cuts.
Bonehead - "Here Lies Democracy" GOP and their Loonies are a death sentence to America !!!!
A total misstatement of fact. Obama is reliant on congress (more specifically the House) to establish spending parameters and amounts. I've noticed something rather unusual ~ so long as the "redistribution" is in a vertical mode, there is little objection heard from the Right. But if it is laterally or downward, they kick over tables and chairs in protest. Boehner has yet to face reality ~ Obama has a four year, no-cut contract. Boehner and his House cohorts have just 23 months, as do 33 Senators. And public opinion is already stacked against Republicans (57%) on where blame should attach. Good luck with that, John.
What's your beef with people making(earning) money?
When you run a business, you do so for financial gain, so of course there is no argument against "redistribution" of wealth in a vertical mode.....That's called business.
No one that ever started a business, thought, "you know what, I don't need to make money" (profit).
TO: jerry l-1335133 who wrote:
If 75% of the tax cuts wet to the middle class, which is NOT true, then why does Mitt Romney pay 14% of his earnings in taxes, and I pay 35%?
Get real!
Good question. I'd say the issue is not one of being anti-rich, but of being alarmed at the increasingly skewed distribution of income and wealth in our society.
The "47%" of which Romney complained is not composed simply of welfare cheats and people receiving disability payments. The bulk of these people are comprised of the working poor: people who earn subsistence level incomes by working sometimes 2 or more jobs.
Rather than ask why are you against making money, perhaps one might ask when did our society cease to offer opportunities to earn a decent living for almost half of its citizens.
The last time the distribution of wealth and income became this skewed was just before the Great Depression.
American Girl,
Nobody in this country pays 35% because it is a progressive system and you pay a lower amount on lower brackets. Did you read the link to the New York Times article I posted before which was post 1.78 ?
I also stated that on an individual basis the rich cut more dollars but of the total amount 75% went to the middle class and poor because of how many people take advantage on the alternative minimum tax, increased child credits, increased college deductions etc. Just on the AMT you have 28 million filers saving about $2000 each.
TO: jerry l-1335133 who wrote:
I am right about 35% of my earnings in taxes, and Mitt Romney admitted to paying only about 14% of his earnings in taxes.
Now you want to come along and try to tell me and Mitt Romney how much we're paying in taxes?
I wouldn't call you a liar or anything, you just don't know what you're talking about.
It wasn't anything new. It was the exact same offer they made before Still no compromise and no negotiation! Bonehead needs to be removed from office for the sake of Ohio and the country.
The Speaker better not give in to Bozobama's phantom cuts, which will NEVER happen. As soon as the Republicans cave on taxes, the country is screwed, as the liar Bozobama will SAY he'll cut this or that, but never will. Hold out, Mr. Speaker, make Bozobama raise taxes on EVERYONE! Then the House should introduce a bill first thing that reinstates the Bush tax cuts for EVERYONE!
American Girl - Romney pays 14% because of how his income is structured....by capital gains rather than an income. It's the same way Soros & other rich people do. In addition, he gets big credits for substantial donations to charity. Why don't you look at what Romney donated to charity and compare that to what Joe Biden donated to charity?
Then you will see who cares about those less fortunate than themselves.
American girl..
You're confusing the items here, You may very well pay 35% in total taxes, but speaking solely on federal taxation, you are not paying 35%
Paws93 has it right on how the tax structure works.
You see, you and i go to work, and we earn a pay check, and we get taxed on it.
So lets say we then take whatever it was we did save, and we invest it in the stock market. Lets say over the years you managed to save $10,000. That's post tax money, free and clear for you to do whatever you want with it.
So you take that $10,000, and lets say you invested in Google before they made it big. Your investment (risk) of $10,000 turns into, let's say $20,000. the original amount you invested is not taxed, but the $10,000 in profit that you made from your investment (risk), you are taxed at a rate of about 15%. Anyone at any income level gets taxed at this rate when they do this. This is exactly what Romney is/was doing, he was just doing it on a much larger scale. You see, the money he invested (or risked), is money that has already been taxed at an earned income rate.
He also donated over $4 Million to charity, of which he only claimed $2.5 Million, so in reality he could have deducted another $1.5 Million. Because everyone at all levels can deduct donations to charities, that's how his tax rate dropped from 15% to 14.1%. Keep in mind American Girl, that Romney paid well over $2 Million in taxes that ONE YEAR, which is more than the common American will pay in their LIFETIME!!
People who complain about Romney only paying 14%, aren't understanding the tax code. If it's simply that you don't like the tax rate on investments, then by all means say so.
With regard to Romney's statement on the 47%, I will only say that I believe when talking about 47%, he was talking solely about those that will Vote for Obama, and how they feel the government should run. Obviously you aren't going to feel the same way, and rehashing this topic will get us both no where, as we'll probably never agree.
But, I don't disagree with yours, and others concerns about a disparity between wages of higher ups and everyday workers in various companies. However, I think the vast majority of American companies don't operate that way. However, I believe with education, and peoples willingness, or lack there of, to make purchasing choices based on this topic, then the free market will handle this type of issue. Education would be key to that. You see, most people just don't take the time to learn about the companies they buy from, they do nothing more than search for the best deal, or lowest price. Look at black friday. That's not a day when people are concerned with where the profits go, where did the product come from, etc. It's a day when people are looking for the best deal and/or lowest price, and these people come from all walks of life, all races, all political affiliations, and all income levels.
If you really want to battle this topic, I'll ask you to do two things the next time you make a purchase. 1) Always choose something that is American made, not just American assembled. 2) Always choose the higher priced item that is American made (chances are the higher priced item, in most not all cases, will be the item made by a smaller company that is likely to pay more fairly) My guess is the vast majority of Americans aren't going to do this. So there are two choices to make, either you do what I just said, or your learn how operate in a global economy, because I can tell you, global economics is not going away!!!
Our political show is mix of top 2-4%, vs the next 4-8% in pretense that they're the middle class abetted by little bribe routine that's actually about paying themselves and not about the under $50,000 group whom they are really stealing from.
Aren't we well past time for the posturing Mr. Weeper?
All your bravado & temper tantrums are the same old song and dance, hell even Lush Limpball's has conceded you've been beat!
Once again, President Obama is the only adult in the room!
From the Daily Beast;
And Owebama flies to Detroit to console his union buddies. Now who's crying?
When Obama leaves office, Air Force 1 will need a major overhaul !
Meaning it's dead in the water because they won't touch their rich master's wallets.
NBC - you're killing me today! :) New should be different . . .
jim again ... just shut up. The White House has the offer and they are reviewing it. Since Boehner & Co created it, where are their details?????
So jim, contrary to your BS posts of the last 48 hours, the President and the Speaker were communicating without informing YOU personally.
Why do you say that, Jim?
www.factcheck.org/2011/07/the-traveling-president/
1.4 T in revenues? The aide, nor Michael Steele(who I was liking, but he changes like the wind) did not say if this revenue will be gotten by raising taxes on the 2%, so how is he getting this revenue? Is it the loopholes again or is it a combination of both, which I think is good depending on the loopholes.
I see carrot top's out of rehab, but apparently is still attached to the bottle. Too bad, she used to make a little sense... now it's only insults! Go back ct, they're not done with you yet!
entitlement reform?
Social security and medicare benefits are not entitlements. They are not costly. What's costly are unregulated Wall Street and corporate greed that caused this recession that led to lower contribution to such programs. Such programs are often the only thing for old age and sickness.
.
The greedy corporate pigs took home millions of dollars after having caused the recession. It's time to tax these greedy corporate pigs, not only to raise tax revenue, but also taking away their extra capital used to cause the bubble and its burst.
What's the issue about raising rates vs closing loopholes? If it's six-of-one half-dozen of the other in terms of "new taxes", why do Republicans care so much about avoiding rate increases? I don't understand. Please explain somebody??
Because then Republicans can honestly say that they stuck to their platform, well, really stuck to the Grover pledge, and did not raise taxes. The problem with them and the loopholes from my understanding is that any loopholes they go after are very obscure ones that even the wealthy don't use, but will also close or "semi close" some loopholes that the wealthy do take advantage of, sort of as a token tax hike. It is my understanding that they won't close up the big ones. I have also heard that some of the loopholes that they really want to close would really hurt the middle class tax payers more than anything.
I don't know how great of an explanation that is to you, SmBusOwner, but that is just my opinion and gist of it. Republicans are such a screwy bunch it's sometimes hard to make heads or tails about what they are saying.
Thanks AKG. I was hoping there was a better reason than that (!)
FLYesity, hurry along now....there are some Twinkies left in Chicago to replace your stale doughnuts.
Is Mr. Obama really in the room or is it just a "stand in" since he is usually on the campaign trail.
SmBusOwner
Grover Norquist Pledge
Social Security -- if the pot wasn't raided repeatedly, would be just fine. Raise the cap to $150K - $200K. Why should only the middle class be stuck having 100% of their pay taxed?
Medicare/caid -- Let them negotiate with the pharmaceutical companies like the VA. $400 billion savings right there. Add in the savings from ACA and Medicare/caid will continue to be solvent. Do NOT raise the age limit.
Clark,
I think the pledge covers any tax increase whether rates or other. I was thinking (hoping) there was some real economic reason.
It doesn't seem like there is. Same tax burden either way (theoretically anyway).
It seems like higher rates are better, then as a taxpayer you can do favored activities to reduce your tax if that's important to you, and things that rely on it (like charitible organizations) aren't hurt.
I've made arguments about higher rates (with lots of deductions) as beneficial, but no one seems to respond to sort-of complex explanations.
In short, high tax rates make deductible activities worth more. Hiring, for example costs an employer only 50 cents on the dollar with a 50% tax rate. Carry that forward, and a 75% tax rate makes that employee cost only 25 cents on the dollar. No wonder when tax rates were 90%, the middle class did so well--rich people were forced to reinvest in the workforce.
Anybody care to comment on that?
TO: jim-1455434 who wrote:
Unless he gets a new Airforce 1 before then, after all, he does have 4 More Years!
Who knows, Hillary may want to keep the same plane that Obama used, but, everybody likes new stuff!
Forward >>>
Speaking of those union issues:
IF we cut some doofus making $30 per hour to $15 an hour, we become "more competetive" in pricing our product. Makes sense, I guess. BUT tell me- what if we cut some doofus up in the penthouse suite of offices' pay by half, too- wouldn't we cut the cost of the product even MORE? Wouldn't we become even MORE competitive? Same deal with returns to shareholders.
Why is it always the guy on the low end of the pay scale that gets blamed for the high price of the product?
I bet some of these union 'thugs' would agree to a given percent pay cut, if they knew the management would take a similar cut. I bet that's where the BIG buck savings are, too.
Anyone agree with me on that one?
@drive-by-observer#2.17: I strongly disagree. Wages should never be cut during a recession, or economic slowdown. Conversely, they should be kept as high as possible. Wages and taxes really have little to do with our current economic mess. The country is a victim of unbridled greed, much economic mismanagement, and wrongheaded political gambles, which actually began in earnest under Ronald Reagan. During good economic times, union wages, which are generally higher than non union wages, help keep employment roles more competitive, which in turn, help push up the wages of non union workers. Unions are actually quite good for our economic system.
drive-by-observer, the UAW tried that in 2008 but the company just gave salary back their money while keeping the union workers cuts in effect. They even gave themselves a bonus for suckering the union into giving up money.
@ Mac Forrester
Actually I believe the economic collapse was from the sudden rise in oil which is the same reason for the recession of the 70s. When people are on a tight budget and they have to pay double for gasoline and energy something has to give so they stop buying other products.
SmBusOwner: When rates were 70% my employer would always do big spending aquiring trucks, pumps etc. rather than paying a 70% tax. Higher taxes on the wealthy did indeed encourage him to grow his business.
Thanks Larry,
Why is there no discussion about this? If you force the people in charge of the money to use it, the money keeps getting recycled from one business to another via consumers, and profits are re-used in this fashion instead of going into the bank account of a billionaire.
He're what I said:
In short, high tax rates make deductible activities worth more. Hiring, for example costs an employer only 50 cents on the dollar with a 50% tax rate. Carry that forward, and a 75% tax rate makes that employee cost only 25 cents on the dollar. No wonder when tax rates were 90%, the middle class did so well--rich people were forced to reinvest in the workforce.
Some righty out there, please explain why this logic is wrong.
Do you guys understand just how old that plane is???? My dad helped work on it 20 something years ago...
Also Sm, I totally agree. That is the best logic behind higher taxes anyone here has stated in a long long time. That is why I vote democrat.
@Larry-no's#2.19: Respectfully, I submit you are somewhat on the right track. Actually, the 73 oil embargo was the first noticeable indication of the politicalization of our economic system. Remember, just after that embargo, most all commodities, goods and services, in fact, most everything within our economic basket took a giant leap in price. Course, the pseudo justification for the price gouging was the oil prices, which were of small consequence relative to the overall price gouging. At best, the embargo and resulting higher energy prices were mildly inflationary in and of themselves. Also should have, and could have been temporary. Even so, psychological impact and resulting political exploitation of that shock did much to generate the beginning of todays economic mess. Regards
@SmBusOwnerinNY#2.21: You have a good head. I salute you! Your logic is indeed correct. Additionally, this proposition is self feeding, in that, wealth has greater balance, or, if you will, equality, which creates demand, which creates more production, more demand, and more and bigger markets. No one is left out. Wealth returns are based on input amounts. My best regards
Pigotry you know so little of what spews out of your mouth its almost not worth addressing. Do you know in all reality where this money went? We lent it to people through programs that prop up governments in other countries after borrowing it from the Chinese through bonds.
Its not SITTING in peoples pockets and the people that you choose to demonize actually DO create jobs its just that you are so shortsighted or lacking in gray matter that you dont know this. Companies, private AND public, use this capital for R&D or start up costs for new projects or expansions. Get a clue please and stop drinking that liberal Kool-Aid that makes everyone on the left think the world owes them something.
Loopholes = legitimate tax deductions for everyone, that people now want to deny to people or businesses that are more successful.
The GOP's rich masters are responsible for this Depression, it's their job to fix it, not ours !!!
@Pigotry Social Security and Medicare may not be entitlements, But NEITHER have any MONEY. The Democrats in all they social programs and the wish to grow government has caused washington to borrow from those funds for more than 50 years. Its filled with Treasure Bonds not CASH, And washington is having issues Paying those off. Its call NO MONEY.
Ido,
There was no new proposal or offer made by the lying B S of Bonehead. The offer was exactly the same and they said so, because Bonehead felt the president wasn't serious. All I see and hear are republicans who are only serious to protect only their rich supporters and themselves. They are losing a lot of support fast and 2014 will be their demise!
Ido,
There was no new proposal or offer made by the lying B S of Bonehead. The offer was exactly the same and they said so, because Bonehead felt the president wasn't serious. All I see and hear are republicans who are only serious to protect only their rich supporters and themselves. They are losing a lot of support fast and 2014 will be their demise!
How can Obama make a counter offer, he is never at the place where he was elected to be, in the White House, he is to busy running around the country making stupid speeches, the thing he does best!!
Great post ! Obama avoids the "hard stuff" like real negotiations with the elected members of Congress. When he makes speeches, they are always "set up" with lots of "yes" zombie people in the background ... and no one to challenge him !!
Why should Obama respond? Let the House pass a bill and send it to the Senate. If Obama doesn't like it, he can veto it.
And why is Boehner complaining about 'the lack of leadership' from the White House? Maybe the problem is that Boehner doesn't have the votes to pass anything. Of maybe Boehner would rather wait until the new Congress convenes in January just to make sure he's still Speaker!
The President was elected to stay inside his house?
Bruce, they did pass a bill and sent it to the Senate, and President Obama signed it. Its called the fiscal cliff, and probably the only bipartisan thing they've done in a long time! It ain't pretty, but its a lot better than the Democrat or GOP plans. I say let's do this. Time to get off the gravy train, pay our "fair share" and balance the budget.
What, doesn't Speaker Boehner know how to get in contact with the President when he's not in Washington?
iowaretiree -
For crying out loud, this is the year 2012. Trust me, there are a hundred different ways the President of the United States can communicate with Speaker Boehner in this day and age without physically being in the White House. Speaker Boehner doesn't even have to be in his own office. Imagine that!
And neither of them have to report every word of every conversation they have to you or me or anyone else.
So calm down before you have a stroke or something.....
.
Good Lord iowaretiree and jim ...
http://www.whitehouse.gov/schedule
He's at the White House today ... how HARD is that to look up????
That little Republican talking point is as stale as your party. Get over it. You have heard of email, telephones? The president, as is any president of the U.S., connected 24/7 so it really doesn't matter where they are at any given time. I'm sorry that Obama and his aides don't check in with the likes of you and jim, but he is a very busy man and right now he and his staff are working on the deal. K? Please either try and keep up, or maybe you both could just be quiet for a bit and pay attention. I know you are retired, but no reason to let your brain go dotty on you! Peace
Layton!! Thanks, I was going to post the WH schedule for the retiree, but you beat me to it. Must be helpful to our seniors!
Let me guess layton, you are giving him a spit shine aren't you ? How do those boots taste ? Sorry to disappoint you, my work prohibits me from watching his every move with baited breath like you Obama leg humpers.
If he is at the White House it is probably to pick up his golf clubs and leave on his next stupid speech tour!!!
Layton and Alaska Girl -
I'm always getting on the guy in the next cubicle for sitting there all day listening to the local sports talk radio station - which, as near as I can figure, seems to pretty much consist of 200 people a day calling in and whining that "Andy Reid sucks!" He's a smart guy and I keep telling him he could spend his time much more wisely.
But after reading some of the comments on here anymore, I'm starting to wonder if maybe I shouldn't join him! :)
I mean, seriously.....golf clubs?????
Gee, jim, your "work" doesn't seem to prohibit you from humping your computer all day long to post your Republican rants. Just sayin'
I take short lunches Alaska Girl. What's your excuse ?
"my work prohibits me from watching his every move with baited breath like you Obama leg humpers."
hmmm, doesn't seem to have kept you from posting 35 times so far just today on just this blog alone though.....that's a lotta "lunch"!
She already checked her traps this morning and filled her oil lamps for tonight!!!
More like permanently OUT to LUNCH!
Oh JoAnne darling ... What is your excuse since you are no stranger to this site as well .... got a government job with the GSA ??
Awww, Alaska humor! Aren't you too cute, iowaretiree! So funny, but I guess you are the type to stereotype. Gee, I guess if I wanted to stereotype I would probably guess that living in Iowa you are probably very obese. But, I don't do play the moron game. Anyhoo, are you and jim by chance an item? You both seem so chummy that I wonder if perhaps you are both sitting in a room together sharing a laptop.
No excuses, jimmy. My job allows me the freedoms to chat this way. As long as my work gets done and my boss continues to give me great reviews and my yearly wage increase, that is proof positive that I do my work to the satisfaction of the company that I am employed with.
jim -
You'd have to take that up with one of my two bosses. Maybe after they've each known you and your work ethic and production and value to the company like they've known and respected mine for the last 30 and 40 years respectively, they might even listen to you - get back to me when they do, okay?
Hey, JoAnne in PA #3.6
that's pungent, hilario...right on.
There are some who are not wired;
These are people who are bit weird.
TO: iowaretiree who wrote:
If all else fails, you can reach the President on "Twitter".
The President can, excuse the vulgarity, Piss on anyone, any where, any time from any where, at any time and Boehner knows that first hand. Just Posturing from get serious to this offered trash.
The CBO estimated if the Bush cuts were eliminated completely the economy would lose 1.5% growth. If it was extended only for those making 250K or less it would only decline .25%. Proof that even though the 1% got 70% of the money they aren't the engine of growth. The 98% that actually spend the money drive the economy.
Maybe iowaretiree and jim are so far behind times that they should ask their grandchildren that question. In this age of communication you can actually see who you are talking to on the phone so personal contact is so 1990s.
What good would it do for Obama to stay in the White House anyway? Boehner can't even get his own party to agree on a plan and Obama would be wasting time waiting on him to get a plan together.
jim-1455434 . . .
What a LOVELY post about YOUR President! From what I see, you so wish someone would pay you a little attention and in order for you to get it, you post @!$%# like that. Knowing the President's schedule is as easy as using google. Of course !! that !! may !! be !! to difficult !! for someone such as yourself. Grow up already (and learn reading comprehension while doing so.)
Sorry Layton, but your logic is sadly flawed .... you see, I am not fixated on his every move and his every bowel movement like you seem to be. What I see from Obama is weak leadership coupled with this bizarre sense that he CONSTANTLY has to sell himself to the American People .... instead of just tackling the hard work in front of him !!!
It looks like Obama is the one DESPERATE for attention ! LOL !!
Jim, based on your comments, you are seeing all kinds of things that do not exist. I doubt anyone is fixated on his every bowel movement, but you seem to be constantly criticizing him with things you "see", all which is based on your subjective slant and utterly ridiculous.
The government should sell naming rights to the "Fiscal Cliff" like bowl games do.
They could call it the "Jack Links Beef Jerky" fiscal cliff.
Or "AIG " fisacl cliff.
At least they could make some money.
Like it. How about "The AIG fiscal cliff, sponsored by ExxonMobil and Your Local Investor-Owned Utility"? Blast all media outlets who refuse to call it by its full naming-rights name, and threaten them with not being allowed to cover it any more, and, presto, you've raised a lot of the money needed to balance the budget -- for a day or two!
For the past few days, Speaker Boehner has complained about a lack of response to the Republican proposal. Today, it seems that Boehner has heard something from Obama and is now responding with his revised proposal. I think they call this process 'negotiation'.
It should be noted, however, that it is the House of Representatives that has the obligation to initiate all revenue and spending proposals per Article I, Sections 7 & 8 of the Constitution, not the President.
Bruce,
If that is the case, the our President has been wasting a lot of people's time and energy. If he can't control his own party and deliver the needed entitlement cuts, he should be run out of office. Boehner needs to insist if they are increasing taxes on the wealthy, then cuts are made as well. If not, we should just go off the cliff. It will be OK and on time we land softly.
They won't let that happen. The republicans stand to lose much more.
Sheila, that is exactly why it WILL happen ... the cunning Obama wins both ways, he gets increased taxes from everyone and blames it on the Republicans ! Blaming others is what he does best.
@ Sheila
American stands to lose. $2400 new taxes on the middle class.
Also, President promised no tax increases to the middle class, so he has something riding on this as well. It is the President that is remembered for tax increases, not congress...
I wish they would just sit in a room and hammer this deal out. That is what business people do....
Seems to me you had your chance about a month ago. How'd that work out for you?
Da Noid: Apparently jim and iowaretiree are dotty seniors so we must remind them every day, it seems, that president Obama has been re-elected! YAY! Still so excited! LOL 'Tis the season to be kinder to our seniors so let me remind you folks again:
Barack Obama(D): Won presidential election 2012
Mitt Romney:(R): LOST presidential election 2012
National debt when Obama took office .... $10.8 trillion.
National debt after less than one term under Obama .... $16+ trillion.
Meanwhile unemployment still runs high, the U.S. stock in GM is worth substantially less than what we paid .... and Obama still has no BUDGET !
LOL This senior probably has more money than you will ever dream of having, I use my SS as my play money, so make fun all you want and I'll laugh all the way to the bank!!
"I use my SS as my play money, so make fun all you want and I'll laugh all the way to the bank!!"
So what you're saying is, you don't actually need the money you're taking from the government every month, but you'll take it anyway. Let me guess, because you paid into it and thus you're "entitled" to it.
What are you, one of those lazy liberals or something? How exactly are YOU helping to cut government spending?
Oh, Iowa, I wouldn't "bet the bank" on your little comment about money if I were you.
So Iowa SS is play money, give it back scrooge. Bet you won't feel entitled do ya, jeez.
Still blabbing that BS? Everyone knows where that debt came from, and very little of it was new spending by Obama. You have a lot of nerve saying that when GWB started two unfunded wars and cut taxes, turning a surplus into a gigantic deficit.
And the president has submitted a budget each year starting 2010, as Bush had already set the budget for FY2009 - and spent much of it.
So if the President says 'NO NEW TAXES ON THE MIDDLE CLASS" which is the group that pays the lions share of revenue to Washington, Then CUT SPENDING. It's Simple Math Income - Expenses = Profits, well In Washingtons case OVER SPENDING.
BillC, Let me remind you of something ...."submitting a budget", one that was not worth a damn, and one that never got the slightest support (gasp !) FROM HIS OWN PARTY ..... is not the same as providing true leadership, and "seeing to it" that a budget is passed as required by law !
The "unfunded war" regurgitations are getting old and have been quite lame for some time. Congress approved both wars and Congress created the BUDGETS at that time ! Furthermore, there never was a budget "surplus" as you call it.... and the House that came close to a balanced budget did so because Newt Gingrich was Speaker of the House. Choke on it ... it's reality !
Jim, I don't know what planet you were living on in the late 90's, but there indeed was a balanced budget, and it came about from the modest increase in taxes proposed by President Clinton.
http://www.factcheck.org/2008/02/the-budget-and-deficit-under-clinton/
Choke on it. It's reality.
And yes congress approved the wars (after being mislead with false intelligence even though the WH was told it was not reliable), and yes there was budget. The problem is the war was not in the budget.
GOP is making major concessions now. Time for Obama to step and now make the needed cuts to bring the deficit down and complete the deal.
Ball in your court now Mr. President.
Do we know what is in this offer? I don't see any report yet. As long as it agrees to return to the Clinton tax rates for the top 2%, the President has something to work with.
Given how Republicans seem certain that tax rates will have to go up after Obama's re-election, I'm guessing it's part of the offer. Having said that, deficits are really not the most important issue to the economy. Jobs are.
We've already got a bill signed into law that will return to the Clinton tax rates for EVERYONE Clotho. Plus it makes some huge cuts to spending. I'm betting that is what we will see January 1, and while it might be painful, its better than running Trillion dollar deficits each year.
THANK YOU, Clotho! I have been saying that deficits are not as big of a problem as JOBS! JOBS! JOBS!
And what has Obama done about the "JOBS, JOBS, JOBS" that Nancy Peelousy talked about ? Are you back to the "shovel-ready" lie once again ? More regulations, raising taxes .... think that will help ??
Why, jim, Mr. 1%, why don't you do the research about jobs under Obama and see what you find.
Oh, and since you seem to think you are so savvy about this fiscal debacle, yet don't ever seem to add anything substantive that one could read and chew on, why don't you give your opinion/stance on what you think should be done to keep this economy humming?
He did give millions of illegal aliens deferred status and work permits so they could compete for jobs with the 23 million un-employed and under-employed American workers.
Gene Point Of View youi said: "GOP making major concessions"?????? Exactly what are they? I am assuming that you know since you think it is so great.
I think you should share these major concessions with the rest of us.
NH_Shellback: Obama offered deferred status to those who had been here since they were babies and weren't going anywhere anyway. Better to offer those who will mostly compete for menial jobs rather than the Romney plan. Romney stated at his second debate he'd like to eliminate caps on H1B visas and staple a green card to the diploma of the top 20% from the major universities around the world. Better people like you face competition for the jobs at McDonalds than our best and brightest have to face competition not only from other American students from those around the world.
Bringing more bright people here = More entreprenuership, more economic growth, higher living standards. Bringing in more foreign laborers = more unemployed U.S. citizen laborers, lower wages for all laborers, more welfare, more food stamps/SNAP, more Medicaid/uncompensated care/jammed ERs.
And more unemployed American graduates unable to pay student loans. An American president should create jobs for Americans not import workers and leave our own on the unemploymeny lines. The only thing Romney's plan would benefit are mega corporations wanting cheap labor. You'll never sell it.
Boehner went all in on the Indonesian Exchange student.
Let's see what you got Barry.
Obama created around 120,000 jobs a month over his 4 years. Bush created an average of 32,000 a month over his 8. Wasn't that 400 billion a year job creation cut for the rich money well spent?
Why am I not surprised?
Back to President Obama to accept, counter or dismiss the latest R offer. Hopefully somebody will tell the rest of us what the Rs offered up.
You will have to tune in to either Rachel Maddow, Big Ed or Lawrence O'Donnell for the "skinny" on that. I am sure they will have gotten some insight.
Aaahh, so you get your news from Obama's THREE STOOGES ! LOL !! There is nothing "skinny" about Big Ed.
But I do find Westguy's phrase "will tell the rest of us" .... to be quite "TELLING". Apparently, he waits until he is told what to think ...possibly incapable by himself.
Specific details are scarce
There are no details until the President accepts it, then ss and medicare will be gone along with the safety net for the seniors while the rich gets another 10% cut from their taxes.
Obama rejected the previous proposal he said because most of the deductions they offered primarily hit the middle class. The Norquist pledge doesn't seem to cover the middle class. The plan Ryan proposed before he was selected would have eliminated the employer health plan exemption and the home mortage deduction both of which primarily benefit the middle class.
But they also benefit the wealthy with their second houses at Aspen, the beach, etc. There need to be stricter limits on what is deductible. We need contractors building more $150,000 and $300,000 houses rather than the $750,000 - $900,000 and up McMansions that are hardly a sure bet to go up in value, stay on the market for months or years in many instances, and usually need more loan than can be sold via Fannie or Freddie. We especially need stronger limits on what part of the mortgage on a second residence can be deducted. I'd imagine their cost to the treasury well exceeds the benefits derived from their construction and very occasional occupancy. If someone want a second house, fine. The other taxpayers just don't owe them a lot of help on the loan to acquire it.
I must have missed the part of Boehner's plan where he gives details about his plan--closing loopholes and ending certain deductions.
At some point there needs to be "cards on the table" -- which "loopholes" to close and which programs to be cut, and by how much.
But no one can define "loopholes". It's kind of like hunting for "snipes" and unicorns.
Gene spare us all your bs talk...you don't have the intelligence to pretend you know what you are talking about. Stick to what you know best and that's watching FauxNews. Over 2 years Boehner has been in charge of Senate and have done nothing for this country...that is a fact.
Over 2 years Boehner has been in charge of Senate
Really? Silly me, thought he was Speaker of the House, I must be an idiot as well. Those facts really mess me up Bruce!
lol, ;-)
Bruce, the President asked for 1.4 trillion in new tax revenue. The only way that can be obtained is raising taxes on the top 2%. Obama is getting his wish. It is now his turn to compromise and make the needed cuts (through his party) to seal the deal. If he can't deliver, then all of this is on the Democrats.
After one inning of play the score is:
Lil Michelle 1
Bruce 0 .... I mean zero, zip, zilch, nada .... what a maroon !
Gene, the President has not gotten his wish. That is what all the theater is about. Just a matter of time before the GOP caves.
Bruce must have attended Bushs no child left behind school funded by the gopers.
Amazing that I can write a sentence at all, since in my time in school, it was only seven percent funded by the federal government (the rest being state and local funds) and there was no federal Department of Education. It's a good thing that the schools had big windows back then, too, as there was also no Department of Energy.
It is no secret what the republicans had offered up. It had been 800 billion in new tax revenue and now it is 1.4 trillion in new tax revenue (almost double). So the GOP stepped up big time. Now, they want the entitlements cut that they asked for to raise the tax revenue. The ball is in barry's court to dleiver his party's response to get a deal. Belivee me Boehner has ticked off a lot of his own party by this proposal, but that is what compromise is all about. It is now time for the President to learn the word comprimise and deliver and tick off his party.
GOP still offering $800B and won't say where it is coming from.
Gene: Actually compromise would be when Obama offers cuts in exchange for raising the top rates to 39.6% would be republicans coming back with maybe a 37.5%. Saying any rise in the top rates are off the table isn't compromise. Obama can get that 39.6% increase and eliminate the Bush cuts for the top 2% by merely waiting till next month. Democrats can always resubmit a new bill to continue the breaks for the 98%. Republicans wouldn't dare block it. Republicans are the ones that have to step up if they don't want shut out.
It is a game both sides are playing. While President Obama is not publicly revealing what spending cuts he is willing to accept, Boehner is not publicly revelaing which loopholes he is willing to close. Each side says it is the others turn to move off dead center. Neither side is being square with the American people.
MasterQ:
Wish that there were a way to vote than one up more than once!!
How many times does the President have to say he will not compromise when it comes to tax RATES on the top 2%? He campaigned on it for over a year. And the majority of Americans voted for him, and approve of raising rates.. Once the Right agrees to raise the tax RATES on the top 2%, then the discussions will move forward.
For the Right to ignore this is ridiculous..
Budget Obama promised? When was that? Last time I checked, the Constitution outlines it is the House of Rep's duty to propose policies, not the President..
Obama has already proposed spending cuts; Boehner is lying when he says he hasn't..Boehner just needs to agree to the tax rate increases, and he'll get his entitlement reform and spending cuts..
Brad: Better reread it. No major policies are initiated by congress their job is to fund them. Was Reagans tax plan, Bush's tax cut, Bush's drug plan or Obamacare submitted by congress? No they were all initiated by the president who initiates all major programs. Congress is responsible for funding and oversight. And yes Obama has presented a budget every year which has been blocked by republicans the last 2.
I still don't see why the D's are so hung up on insisting that the rates have to go up, even if closing loopholes raises more revenue. I still also don't understand why the R's are happy to raise taxes more by cutting out deductions and credits than they would go up just by raising the rates a little, if it is the overall increase in taxation that is supposedly going to be what blows up the economy.
To say that there is a massive amount of disingenuousness and third-rate political theater going on here is a big-time understatement.
Where are the talks about cuts to defense spending?
Tom,
You need to talk to Boehner about those. Ryan and the majority of the house already voted for them ....
Is the new GOP proposal the old one, wrapped in the second try, and twisted around to look like the lost third attempt ?..confuse you yet ?
Quite simply, just smoke and mirrors.... they don't want POTUS to raise taxes for the 2%...and an even more basic problem...they don't have a plan ! If they had one, at least one with some credibility, they would have carried the day at the 2012 election, don't you think ?
Please don't waste our time or POTUS, just deliver on POTUS and people's request, and find another hill to climb, another issue to fight for.....
Would be nice to see a deal...the night before X-mas, perhaps ?
Long on rhetoric, short on details. Johnny, what else is new? Complain about the deficit, offer only $800B in "revenue", don't say where it is coming from. What cuts in the GOP offer, except generic "loopholes"????
Memo to Obama: Play hardball-offer them 2T in revenue and savings cuts only to Medicare.....offer increased fraud interdiction if they will provide the funds to pay for it....Dems won the election.....the GOP needs to get a clue......
If they start to get the idea the offers will get worse instead of better, they have no reason to hold out.
It is a game both sides are playing. While President Obama is not publicly revealing what spending cuts he is willing to accept, Boehner is not publicly revelaing which loopholes he is willing to close. Each side says it is the others turn to move off dead center. Neither side is being square with the American people. Meanwhile the talks are being held behind closed doors.
It is the will of the people that wants what the President ran on in the election...that is to increase tax on the 2%. GOP is holding this country hostage for a long time now..all to protect the 2% so called job creator. Total bull@!$%#. Jobs are created by the people when they can afford to spend. The economy runs on supply and demand...trust me that is not the 2% that drives this economy. To keep talking in circles is asinine and that is what the Senate has been doing...kicking the can over and over and doing nothing for the people of this country.
Why does everybody seem to think the Republican Party is composed solely of the top 2%. Republican candidates hold more than 2% of elected offices, so we can't all be wealthy. Republican beliefs extend far beyond personal wealth. As a Republican, I believe in the power of self determination, in the fact that entrepreneurs create jobs not governments. I belive that people know better than governments how best to make efficient use of resources. I believe that opportunity is not created by bureaucrats but is recognized by ambitious individuals when the proper situation arises. Pie in the sky I know, but I don't believe these beliefs are in line with the democratic platform.
Tortured: We don't claim they are all members of the 2% only that that is the group they're concerned with. When they refuse any tax increase despite all polls showing nearly twice as many republicans believe they should it shows they aren't working for their party they're working for their funders.There are more democrats than republicans including very rich democrats. Neither party is interested in spending less they just care about spending going where they want. The republican right seems to think Romneys plan to spend 200 billion more on the military is great but 70 billion a year on food stamps is outrageous. We disagree. The right likes to bash all the liberals like Gates, Buffet and the hollywood elite that support Obama then pretend only republicans pay taxes and have any right to decide how that money is spent. They're wrong. There are more democrats paying taxes than republicans. When they accept the fact that we also pay taxes and have a say maybe they'll begin to actually compromise.
That would be because the constitution charges the federal government with national defense, but not taking people to raise or feeding them.
Here's an idea: End all farm subsidies -- especially those to giant, corporate farms. Quit subsidizing crops being grown here than can be grown more inexpensively in places like Africa -- that would be the greatest, most efficient "foreign aid" program of all time. More people, both here and there, could afford to feed themselves. Eventually the increase in trade should lessen the need for gigantic defense budgets, as countries with large-scale bilateral trade almost never fight each other. Win-win-win situation. Will never happen because of all of the vested farm and defense interests, though.
Riquall: Nonsense: The constitution doesn't mandate an offensive force consisting of 900+ foreign bases. Look up the definition of defense.
lol so the GOP doesnt want to name the loopholes they would close, but are mad at Obama for not being forthcoming??? my the hypocrisy from the GOP just keeps getting worse..
Politics is war without bloodshed. Since when do winners negotiate with losers? Anyone following the birdie in the public relations bat mitten game going on in Washington DC --with the expectation that Republicans are going to stage some kind of come from behind victory --does not know much about the American political system. The game ended for Republican on November 6, 2012. Pay up and quit crying about it.
Unrelated from this specific story, but does anyone else think Mitch McConnel sounds like Jimmy Stewart?
Thanks, now you've ruined me for "It's A Wonderful Life" this year! LOL
sorry Alaska Girl...I hope I have not scarred you for life...:):)
The GOP is using all its leverage to grasp defeat from the jaws of victory.
Cute, but certainly not original.
The GOP snatched defeat from the jaws of victory when Mitt didn't pound Obama in debate #2 over the Benghazi coverup .... tried to be a nice guy and missed his chance to back Obama into a corner with his dunce cap on !
I don't think so Jimbo... the Prez would'a whooped up on Myth no matter what that liar said. The majority of us knew Myth was bought and paid for
Benghazi was a losing battle for Romney and he knew it. The accusation that Obama didn't state immediately that it was a terrorist attack instead of spontaneous riot wasn't an issue. Whatever you called it wouldn't bring these people back or save them after the fact. Most people only cared that we took precautions to prevent it from happening again not pretend it was some terrible screwup by Obama. If we can support our president who happened to be a republican when planes flew into some buildings we can after this. We supported Bush even though reports came out that flight schools in Florida reported men of middle eastern descent were learning how to fly but not land and were ignored. We even supported him after these same people flew them into buildings. I guess we're just more willing to accept a president as being human. You should try that instead of forever looking for the next big conspiracy. You'll sleep better. After all he'll be around another 4 years.
omg this bunch here tonight lol....reminds me why my best friends are all women. My god my gender of our species just don't quite match up to you girls here. I wish I had some popcorn for this show it's hilarious what you girls are doing to this bunch . Well....most of em, some of us guys are on the right team an can keep up but those that you girls have set your sights on, I just feel sorry for em lol......ok..back to the show....ding ding...get em girls
heyitschuck ....
If you could punctuate and spell ... well ... it might have been voted up.