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Subscribe to RSSPresident Barack Obama said if congressional negotiators cannot draft a full budget by March 1, they should at least come up with a short-term combination of spending cuts and revenue increases in order to stave off deep federal spending cuts scheduled for that date.
"If Congress can't act immediately on a bigger package, if they can't get a bigger package done by the time the sequester is scheduled to go into effect," Obama said, "then I believe that they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months until Congress finds a way to replace these cuts with a smarter solution."
Charles Dharapak / AP
President Barack Obama turns towards cameramen and reacts to a sound as he speaks in the James Brady Press Briefing Room at the White House in Washington, Tuesday, Feb. 5, 2013.
The sequester, reached as part of 2011 budget negotiations, was never actually supposed to take effect. Rather, its deep cuts, including almost $500 billion in defense spending over nine years, were put in place as a trigger to get Congress to agree to more comprehensive budget and tax reform.
House Speaker John Boehner released a written statement before Obama’s remarks, blaming the president for the sequester and saying he would not support any additional revenue increases.
“President Obama first proposed the sequester and insisted it become law,” Boehner said, adding, “We believe there is a better way to reduce the deficit, but Americans do not support sacrificing real spending cuts for more tax hikes."
In recent weeks, members of Congress appeared to be playing rhetorical chicken over the cuts, with some suggesting they were resigned to the across-the-board cuts.
“I think it’s more likely to happen,” Sen. Lindsey Graham (R-S.C.) was quoted as saying by the Washington Post last week.
But the White House has stood firm on the self-imposed cuts, with White House Press Secretary Jay Carney underscoring Friday that the sequester was always intended to be replaced.
“The negative consequences of implementation would be bad across the board," Carney said. "That's the point. So Congress needs to do its job."
And the president hinted that revenues would remain central to all budget negotiations, telling CBS in a Sunday interview that “there is no doubt we need additional revenue coupled with smart spending reductions in order to bring down our deficit."
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So getting tired of the B.S. "additional revenue". The President and lets be honest it is the PRESIDENT behind all this crap, will not be happy until anyone making over $250,000.00 is paying at or near %100 taxes. And even then not one dime will be cut from spending. Give them one more penny and they will spend $.10 of it.
Look what is happening in France those in the highest tax bracket are now leaving the country in droves including the ex President.
I just did MY taxes....My total income tax liability is 28.00 LOL
Spending was our savior, not our villain. The real problem facing this country is an INCOME problem. We don't make enough to support our government. The country is broke because it's citizens are broke
The problems facing this country are a direct result of conservative ideals that kill labor in the name of profit..Now they are just reaping what they themselves sowed, but if not for the timely spending of the government, we would be in a far worse position
If you somehow paid off all the debt tomorrow, but nothing else changed, the country would still have economic troubles....The two are related in ONE direction, but they re not the same thing. The economic troubles of the nation cause the debt problem of the government, but not the other way around
That's not to say that some spending cuts are not in order, but that would have been true even without the debt and it still would not solve our economic woes as they are a different issue. The debt of the government is a problem, but it is not the REAL problem, it is just a result of it
Are you serious? You honestly think we do not have a spending problem? So your idea to fix everything is to unionize the population? Give everyone great big raises and poof problem solved. So we pay the guy working and McDonald's $15.00 an hour, great now to make a profit mister entrepreneur who took out the loans mortgaged his house now has to raise the price of the burger by a dollar or two, but since this will result in lower sales he will have to either a) take a pay cut himself or b) layoff an employee or two. Now I realize the perfect Progressive will say that he has earned enough money and needs to stop being greedy. But why should he be punished?
Social Security is a scam and EVERYONE in D.C knows it, we have more people taking out of the system than we have paying in, Medicare and its State counterparts are broke becasue of fraud and misuse by non payers I.E ILLIGAL IMMIGRANTS who pay not a single penny in taxes (they even skirt the sales taxes by buying most of there goods in Flea Markets).
Putting your own negative spin on my statements in order to fit your views is a common practice here, but it is flawed of course. Putting slanted words in my mouth is not the same as me saying them....So, although yes, I DO believe everything I said, or I wouldn't have said it, I don't agree with your spun version...
then enlighten me where my post departs from yours?
Conservative ideas are what made this country great. As we get more and more liberal, progressive thinking and voting, our country is going down faster and faster. We also have less and less jobs and more and more govt. expense, all the while less revenue is coming in and taxes keep going up. Seems to me that the liberal way just ain't working. Pure and simple, Ed.
Geez, where do I even start......I never said to unionize the whole country....In fact, I never even mentioned unions...I never said we should pay someone 15.00 and hour at McDonald's....I never claimed any entrepreneur should be "punished".... I never said anything about SS, or immigrants I never said we should give everyone raises...Need I go on?? LOL
Oh, I am quite sure that conservatives believe they have been God's gift to the country, but in my opinion, that is hogwash....Conservative capitalism and the search for ultimate profit at the expense of the workers is what has lead us down this road since WWII....We are just finally getting to the end of the road....
Feel free to explain further, you mention Progressive key words (labor, wages) and demonize the word Conservative. Yet you throw out generalizations without delving into specifics. True you failed to mention illegals but I did (still a huge part of the problem yes or no?) And can you deny the fact that the government as of yet has not reduced spending by one penny? The illusional savings from fraud waste and abuse are fictional much like Unicorn Farts.
The Democrats got their pound of flesh against the evil rich during the last negotiations last month (taxes raised on those making $400,00.00+) yet only agreed to "talk" about spending cuts.
So, as I said in the first place, you put YOUR words in my mouth and put YOUR spin on my post....Don't bother in the future LOL
Barack "Kick The Can Down The Road" Obama.
Please Congress just kick the can down the road a few more years so I can have some hope of saving my legacy. The economy sure as hell is not going to save me now. Gas is nearing $4 a gallon again and probably will top $5 by June. Hurry do something or even the welfare rats will hate me. -Barrack Obama
.
This guy is incredible! First, he says "no" to any deal from the Republicans, hoping to "go over the cliff" and use them as the scapegoat. Then, the Republicans cave and raise taxes on "millionaires and billionaires", now Obama says that's not enough, we need to raise taxes some more. Obama promised if the Republicans agreed to postpone the sequester and allow rates to go up "on the wealthiest Americans", he would in turn agree to some domestic spending cuts. As far as I can tell the Republicans are working with the President but the President isn't following through on his end of the bargain.
I honestly believe the Republicans have shot themselves in the foot on this one. They refuse to take the fight to the streets by holding any press conferences. Call out the Democrats and the President, offer to have open debates on the floor of the Senate and House and extend an open invitation to the President and any news shows who want to show up, broadcast it on the Internet. Nice nice is going to do nothing but cause the republicans to lose control of the House in 2014,
xxx
Just roll back spending levels to 2007 problem solved make big cuts and lower tax rates this creates new jobs and generates new taxes .
Who cares anymore what this idiot "calls" for?
I'm sorry, but does the President think we are all idiots? He wants to temporarily push off the sequester by implementing permanent tax hikes? You already took care of the tax revenue side at the end of the year sir, its now time to address spending.
Is there a professional reporter out there? Why don't you ask?
The majority of the people that voted for him are cluless.... He doesn't need you. Yes, he thinks we are all idiots.
Whatever Obama calls for - do the opposite. The sequester was his idea. He's gone from the worst president ever to the worst and biggest hypocrite. 7 million people losing their healthcare because of Obamacare but didn't he say that would not happen, he'll balance the budget - not; Obamacare will lower healthcare costs - not - enhanced interrogation is evil but killing USA citizens with drones is not - need a balanced approach - not.
A whole party of hypocrites and by the way Feinstei's gun bill and Obamacare guess who is exempt that's right the Congress.
This guy is a joke and if you voted for him and believe him - you're an idiot drone.
I can agree that revenue is our problem. We have two choices: 1) either raise more revenue to match our spending, or 2) decrease spending to match our revenue. Seems pretty simple? There is only so much you can tax the "ultra rich" and at some point EVERYONE will need to pay more taxes.
JohnnyOnTheSpot-3794903
What's your point? Every one collecting SS Disability paid for it through payroll deductions. Think of it as insurance.
!
#192.1 - Tue Feb 5, 2013 10:05 PM EST
Wrong answer Johnny, you only have to qualify for SSI Disability by working a short period of time and collecting for years, the younger you are, the more years you will collect.
By your theory, once you have taken your money out, the payments should stop.
Therefore, you have not paid into and "earned it", it now is free money that the rest of us taxpayers will pay for. And yes it does add to our deficit every year as the people paying taxes goes down yet the people now on Disability keep going up. Why do you think Obama lowered the standards for people qualfiying for SSI Disability?
http://www.ssa.gov/pubs/10029.html#a0=1
Above is the link, don't take my word for it Johnny..............so if you are 24, you can qualify for disability and guess what? You will come no where near putting into the system what you take out.
And what is worse, is that the disabled party can get the entire family on the dole, including step children:
Certain members of your family may qualify for benefits based on your work. They include:
The entire page if you don't know how to click on a link...........
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SSA Publication No. 05-10029, June 2012, ICN 456000
Disability benefits
Who can get Social Security disability benefits?
Social Security pays benefits to people who cannot work because they have a medical condition that is expected to last at least one year or result in death. Federal law requires this very strict definition of disability. While some programs give money to people with partial disability or short-term disability, Social Security does not.
Certain family members of disabled workers also can receive money from Social Security. This is explained in "Can my family get benefits?"
How do I meet the earnings requirement for disability benefits?
In general, to get disability benefits, you must meet two different earnings tests:
1. A "recent work" test based on your age at the time you became disabled; and
2. A "duration of work" test to show that you worked long enough under Social Security.
Certain blind workers have to meet only the "duration of work" test.
The table below, shows the rules for how much work you need for the "recent work" test based on your age when your disability began. The rules in this table are based on the calendar quarter in which you turned or will turn a certain age.
The calendar quarters are:
First Quarter: January 1 through March 31
Second Quarter: April 1 through June 30
Third Quarter: July 1 through September 30; and
Fourth Quarter: October 1 through December 31
Rules for work needed for the "recent work test"
If you become disabled ...
Then you generally need:
In or before the quarter you turn age 24
1.5 years of work during the three-year period ending with the quarter your disability began.
In the quarter after you turn age 24 but before the quarter you turn age 31
Work during half the time for the period beginning with the quarter after you turned 21 and ending with the quarter you became disabled. Example: If you become disabled in the quarter you turned age 27, then you would need three years of work out of the six-year period ending with the quarter you became disabled.
In the quarter you turn age 31 or later
Work during five years out of the 10-year period ending with the quarter your disability began.
The following table shows examples of how much work you need to meet the "duration of work test" if you become disabled at various selected ages. For the "duration of work" test, your work does not have to fall within a certain period of time.
NOTE
This table does not cover all situations.
Examples of work needed for the "duration of work"test
If you become disabled ...
Then you generally need:
Before age 28
1.5 years of work
Age 30
2 years
Age 34
3 years
Age 38
4 years
Age 42
5 years
Age 44
5.5 years
Age 46
6 years
Age 48
6.5 years
Age 50
7 years
Age 52
7.5 years
Age 54
8 years
Age 56
8.5 years
Age 58
9 years
Age 60
9.5 years
We need to clean up the tax code, make the taxes more fair, eliminate the carried interest and long term capital gains scams designed just to benefit the rich. There are numerous other creditors and deductions that should be eliminated too. Then, at the same time, we need to make massive cuts in spending but not all at once or that will tank the economy. Spending cuts in defense should be gradual or too many businesses will get wiped out. SS, medicare and medicaid must be cut and reformed so we can save trillions over the next 10 years. Anybody calling for just immediate cuts or across the board cuts is just plain stupid. The President submitted his plan, the ball is in the house of representatives corner.
Let's see - last year the President insisted on the sequestor fix - this year Carney says "he really didn't mean it"!!! Unemployment is still hovering @ 8% - gas on its way to $4.00/gal. and the President is talking additional tax increases???? Counterintuitve economics
Some News from India : An Article appearing in one of the Newspapers in India. The Hindu Business Line. Date 28th Jan, 2013 Page no.19. It appears that by 2020 there will be 500 million skilled Indians in India. Out of this 200 million Indians skilled workforce will be surplus. This surplus 200 million Indians will be exported to all the countries of the world. ie.1/6 th of the present population of India. And that too by only the year 2020. What will happen by the year 2030 and beyond. This talks were given by a minister from India in an international conference held in Agra. This means that the Indians are educating themselves for the future. That is why the Indians are exporting CEO's worldwide. The Plans of the Indians from India is to RULE OVER THE WHITE MAN and the WORLD. This is the Plans of India to Make Indian Human Lobbies Around the World. Indians from India are taking all the Skilled Jobs in all the Foreign Countries of the World. The Indians from India say that they are creating Jobs but in What way. On the contrary Indians from India are going around the World and taking Jobs. GOD Bless the Americans. GOD BLESS THE USA.
Kevin Valentine Moraes
Mira Road (Thane)
JP 844134 The Republicans decided to enter the obstructionsist tactic? Did you sit in on the caucuses because if you didn't you don't know squat. FACT From 2008-2010 YOUR party had all 3 houses. The Republicans couldn't not stop them legilstively and if they had fillibustered in the Senate a cloture vote cancels it
So tell me, Just how many jobs bills did they submit in that time? ZERO Reform the the code? ZERO Entitlement reform? ZERO Immigration reform? ZERO Reduce the debt? ZERO Do you see a pattern here Sparky? They passed the Stimulus which just gave money to the states/cities to pay off their deficits and a non existent infrastructure projuect, Dodd Frank, the auto bailouts, Cash for Clunkers and ObamNuts Care, which now costs over $1.4 trillion more than they said it would and premiums and costs for services are up. Oh, and according to ObamNuts he's secured 95% of the border. Next time get your facts straight. You've got more holes than Swiss cheese.
Democrats villified Romney for his offshore investments, Inlcluding Debbie "I shouldn't slam HGH" Wasserman Schultz. Funny how she is invested in Swiss banks and drug companies. I guess she didn't get the meno to keep your pie hole shut if you're guilty of the same thing. And Let's not forget our benevolent dictator....Gah Wak Oh Bomb Ah. He's got big bucks in Vanguards 500 fund. Why is that important you ask? (a Democrat needs a trail of bread crumbs) Because this fund has billions in GE, the same GE which has thousands of jobs in China, the very thing Obama accused Romney of doing!!
And isn't funny how Obummer wants the power to raise the debt ceiling whenever he wants. And what will the spend crazy Obama do? Probably buy Sandra Fluke her contraceptives since Target has them fpof $9 a month. I guess that's too step for a lawyer to pay. I thought Hussein called Bush unpatriotic and unAmerican for raisng the debt for he's far exceeded him. So what does that make Obama? A liar, in other words, a typical Democrat (see the Joe Soptic, Romney doesn't pay his taxes, et)
For all the Democrats who trash us......tell me the logic and Obama and Nancy "botox" Pelosi's statement that being on unemployment creates jobs? And Obama keeps saying THEY created 4.3 million jobs. He's full of crap. side bar Obama should really be cleaning porta potties. Who else to clean up a bunch of crap than someone whose full of it? Sorry, I couldn't hold it in. The only jobs the government creates are government jobs. The private sector creates the jobs, 70% by small businesses. If Democats didn't blindly believe everything that came out of Obama's mouth and actually researched things? They'd find that they've been lied to a long time.
Our budget deficits are now $ 1 trillion+ per year. The financial collapse of the USA is now a mathematical certainity. The majority of americans are still rendering basic arithmetic politically incorrect and inconvenient to their entitlement lifestyle. Austerity measures to prevent bankruptcy are now on the horizon. The days of kicking the can are over. The middle class will bear the brunt of the austerity, they have been the weakest link since the implementation of the "great Society" by Lyndon Johnson.
"Hope and Change you can believe in" is really a snow job. Obama said there would be no tax increases on on the rich. I guess he forgot to tell you libtards that he was letting the payroll tax cut expire (Oops!) plus the 7 increases in Obama Care which directly affect the middle class.
Why aren't Democrats flooding the White House switch board? (those in the trailer parks have no phone so they have an excuse) Haven't you noticed that you paycheck was smaller? I sure did! A lot. And what will he do with this additional revenue? Probably go around passing out contraceptives. and increase the amount of money to Planned Parenthood so they can have more abortions! Hes not using to fund Medicare and Social Security.....this guy was in over his head from day 1. And 102 rounds of golf and 275 fundraisers?? I thought his job was to govern, not play golf and raise money. How silly of me. The loser needs a GPS to find the Oval Office. What a putz. See ya libtards got to go to work so you can sit on your butt and collect your entitlement check!
WTF is Obama talking about tax increases? He got his tax increases now its time for those promised government spending cuts.
Every time Barry opens his mouth, my reaction is very similar to a line from the Beatles' "I Am The Walrus":
"HaHaHa
HoHoHo
HeeHeeHee"
Not what you were looking for, 'eh Bar?
There is more. As Benko points out, Boehner managed more recently to put off the debt-ceiling battle until May. This he calls a "double whammy." First, "by structuring the law to allow new borrowing only to the extent that obligations 'outstanding on May 19, 2013, exceed the face amount of such obligations outstanding on the date of the enactment of this Act,' Boehner effectively instituted a spending freeze. This, in the face of Obama’s relentless demand for even more spending, is a victory for anti-profligacy hawks."
Second, Benko argues, Boehner managed to "re-sequence" the fight. The victory that the liberals are celebrating will, he believes, turn out to be a defeat. "What," he asks, "are the implications of putting the Sequester fight before the debt ceiling fight?" And in answering the question, he quotes Steve Moore of The Wall Street Journal:
No wonder the Prezzy wants to address sequester....hahahahaha...he got suckered because he and the MSM are fools...time for the spending cuts Barry.
MSM is CR@PPPPPP
Why not layoff the 200,000 new government employee's that were hired when "the one" knew we couldn't afford them. Surely with his infinite wisdom of the economy having never owned, operated, or worked for any company past or present or just plain common sense would have determined that hiring more liberals to work in government that was broke was not feasible. There are no business owner's that say "I'm broke so I'm hiring". Perhaps instead of studying "Rules for Radicals" or other communist propaganda and works he should of studied economics 101. But then again doing what's right for this country "never" crossed his mind. It has been his way or the highway for common sense solutions. Things are worse not better plus a 16.5 trillion debt which slaves out several generations but they continue to dig well past the point of getting out of the hole. Conservatives are powerless. Republicans are spineless. So it (the failure of this administration) continues in a rut lashing out at any suggestion of a coarse change. We continue down a dead end with liberals saying come on, lets go. Forward on.
Why not layoff the 200,000 new government employee's that were hired when "the one" knew we couldn't afford them. Surely with his infinite wisdom of the economy having never owned, operated, or worked for any company past or present or just plain common sense would have determined that hiring more liberals to work in government that was broke was not feasible. There are no business owner's that say "I'm broke so I'm hiring". Perhaps instead of studying "Rules for Radicals" or other communist propaganda and works he should of studied economics 101. But then again doing what's right for this country "never" crossed his mind. It has been his way or the highway for common sense solutions. Things are worse not better plus a 16.5 trillion debt which slaves out several generations but they continue to dig well past the point of getting out of the hole. Conservatives are powerless. Republicans are spineless. So it (the failure of this administration) continues in a rut lashing out at any suggestion of a coarse change. We continue down a dead end with liberals saying come on, lets go. Forward on.