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Thread: President Obama seeks $3 trillion to $4 trillion in cuts

  1. #31
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    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Quote Originally Posted by atrasicarius View Post
    I'm almost of the opinion that the democrats shouldn't even bother offering anything until like the day before the deadline, because we all know nothing will be agreed upon until then anyway.
    It's an election season.

    If PBO doesn't do what Republicans want, he and his majority colleagues will face the fall out from not extending the debt ceiling, aka a recession in the middle of an election.
    Not good for him.

    Republicans have the power in this play.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  2. #32
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    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Quote Originally Posted by Harry Guerrilla View Post
    It's an election season.

    If PBO doesn't do what Republicans want, he and his majority colleagues will face the fall out from not extending the debt ceiling, aka a recession in the middle of an election.
    Not good for him.

    Republicans have the power in this play.
    I have to disagree... most Americans are in favor of higher taxes on the wealthy, that is just a fact. It fluctuates between 47% and 60 something percent in polls. The 47% was in a poll that was specifically worded with the terms "redistribute income" though which may have turned people off. I think that the Republicans will take the hit from this, especially since Obama is coming out and saying he is in favor of trillions of dollars in cuts and attacking entitlements, which previously the republicans had the power in saying that he did not want to cut anything and just wanted to "hike taxes". I just think that Obama very strategically finally came out and said 3-4 trillion in cuts is great for the dems, because it shows that they are willing to cut, and the only obstacle to raising the debt ceiling is small revenue increases. I'm not using the retarded corporate jet line that the dems keep using, but general removal of subsidies to businesses that are currently making excellent profits is not a bad idea -- not like cutting taxes is going to make them hire.

  3. #33
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    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Quote Originally Posted by PeteEU View Post
    The federal employees are not allowed to be in a union... and so much for the right of people to do what they want eh? Your solution is basically to tell people what they can and can not do.. you are a bloody communist!



    Well that is a double edged sword since lower pay rates could mean an even bigger tendency to accept bribes. Plus Congress has had the possibility to do this for ages, and all the Tea Party deficit hawk hypocrites are milking everything they can from Congress on this front. So when even the people who are suppose to be penny pinchers are spending like no tomorrow, then well.. good luck on that! I remember a Tea Party freshman asking his first question...when was he and his family going to get the Federal health insurance... and the same man was against public funding of health insurance... hypocrites! Or the GOP politicians that demanded massive cuts, but when asked if they were going to cut their own staff and costs, they pretty much all said no... HYPOCRITES!



    Most are... and when they are given to non Americans, then the US congress with the GOP in the front demand a new biding process and the "correct" result..



    Another right wing fantasy... you have NO idea what would have happened if there was no stimulus spending.. and also, quite a large part of the stimulus spending was spent by GOP members who were against the stimulus!.. there are plenty of big check moments where GOP including Tea Party idiots are taking credit for getting stimulus money to their local community...



    Well cutting taxes wont work either, since they are at record lows... how about getting rid of subsidies and corporate tax breaks and loopholes?
    What country are you referring to?

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    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Quote Originally Posted by Иосиф Сталин View Post
    The nation cannot raise its debt ceiling and default on its creditors! Something has to be done to show we intend to pay our debts.

    I take this very seriously and I hope our leaders do take it equally seriously indeed. I won't tolerate any lightheartedness on this topic.
    The United States isn't going to default. Stop with the drama, please.

    Treasury Details Steps to Avoid Default - WSJ.com

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    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    ^^^ that was done to stop the default in May apdst. You and the prof really have trouble reading your own links. Hundreds of economists along with former treasury secretaries from both democratic and republican administrations have said allowing the debt to default would be catastrophic. Unless you are a noble prize winning economist, let's stop the BS, and realize the fact that Republicans need to start making concessions since the President is giving up so much.

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    Re: President Obama seeks $3 trillion to $4 trillion in cuts


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    Re: President Obama seeks $3 trillion to $4 trillion in cuts

    Here is my take .. the debt ceiling is in no danger of not being raised .. Lets remember that republicans have no power to get anything “DONE” then can only stop things from getting done .. and they are using that power .. to get everything they can … and from my point of view .. they are doing so rather effectively ..

    As to what Obama is giving up .. that is just a silly joke .. the budget for 2008 was 2.9 trillion .. budget for 2011 is 3.7 trillion .. or 800 billion in increased spending .. he is offering to cut 400 billion a year . . and I haven't seen anything that is verified in those cuts .. but even if they are honest cuts .. he has still increased spending by 400 billion in his 2 years .. tp say that he is giving up anything is just an outright lie .

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