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Thread: Boehner abandons goal of $4 trillion debt-reduction package

  1. #91
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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by Objective Voice View Post
    You have got to be kidding me, American!!!

    The GOP leadership has been attempting to change the perameters of debt (ceiling) negotiations since they issued the Pledge to America during the 2010 midterms. When was the last time you read it?

    First, the GOP calls for $1 trillion in spending cuts before raising the debt limit. Then they insist on offsetting whatever the debt ceiling limit is raised to with matching spending cuts. Then they insist on "deep" spending cuts, but insist on no tax increases. Whose trying to kill the deal again?

    Here's a clue: EVERY TIME the Democrats have met the Republican's demands on raising the debt ceiling, the Republicans have changed the conditions of negotiations!! Go back and re-read your party's own Pledge then read both the NYTimes and the Economist articles I linked to in post #76, then come back here and dare make the claim that Democrats aren't trying to negotiate in good faith. If you still can't acknowledge that it is your own party who has "moved the goal post" on these debt ceiling negotiations at every turn, then.......we've got nothing else to discuss.
    Thank God for the GOP.

    Can you imagine the Democrats offering any of these cuts without it? LOL, not a chance.

    Keep pushing, Boehner! Push these wussies right over the ledge. It's the only chance our children and grandchildren have.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by OpportunityCost View Post
    Let me know how you think this may correlate :

    I'm not even trying to go there with you. Welfare reform isn't the topic of discussion.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    In August 2009, on a visit to Elkhart, Indiana to tout his stimulus plan, Obama sat down for an interview with NBC’s Chuck Todd, and was conveyed a simple request from Elkhart resident Scott Ferguson: “Explain how raising taxes on anyone during a deep recession is going to help with the economy.”

    Obama agreed with Ferguson’s premise – raising taxes in a recession is a bad idea. “First of all, he’s right. Normally, you don’t raise taxes in a recession, which is why we haven’t and why we’ve instead cut taxes. So I guess what I’d say to Scott is – his economics are right. You don’t raise taxes in a recession. We haven’t raised taxes in a recession.”

    Todd reminded Obama that he had promised to raise taxes on “some of the wealthiest” Americans.

    Obama responded by reiterating his opposition to tax hikes during a recession and making an argument about timing. “We have not proposed a tax hike for the wealthy that would take effect in the middle of a recession. Even the proposals that have come out of Congress – which by the way were different from the proposals I put forward – still wouldn’t kick in until after the recession was over. So he’s absolutely right, the last thing you want to do is raise taxes in the middle of a recession because that would just suck up – take more demand out of the economy and put business further in a hole.”

    When Obama warned about the consequences of raising taxes, the economy was moving away from recession—growth in the fourth quarter of 2009 was nearly 6 percent. Today, however, economic growth has slowed to less than 2 percent.
    Obama vs. Obama | The Weekly Standard

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by The Prof View Post
    Excellent point, if we were in a recession.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    When Obama warned about the consequences of raising taxes, the economy was moving away from recession—growth in the fourth quarter of 2009 was nearly 6 percent. Today, however, economic growth has slowed to less than 2 percent.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by The Prof View Post
    When Obama warned about the consequences of raising taxes, the economy was moving away from recession—growth in the fourth quarter of 2009 was nearly 6 percent. Today, however, economic growth has slowed to less than 2 percent.
    Simplistic view. in Q4 2009, the stimulus was hitting full force and the 6% growth was artificially created by the stimulus, or the economy may have still been shrinking without the stimulus.

    Today we may only be growing at 2% GDP, but the stimulus has been shrinking and is nearly gone, so the growth is natural now. I think 2% native growth in a stable economy 2 years after the recession ended is a better situation to be in than 6% artificial growth based on govt. printed money.

    The president is right; you are taking an overly simplistic view.
    Last edited by finebead; 07-11-11 at 02:45 PM.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    i take no view, i paste and link

    the only views presented have been the president's

    he didn't say anything about 6% growth being artifical and based on printed money

    he didn't say anything about 2.7T of qe and 2%, either

    december, 2010, on extending the bush tax cuts for the rich, approved by lame duck: "millions of entrepreneurs who have been waiting to invest in their businesses will receive new tax incentives to help them expand, buy new equipment or make upgrades – freeing up other money to hire new workers”

    link above

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by Swizz View Post
    Excellent point, if we were in a recession.
    For a large segment of the economy outside of Wall Street, they are.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    So this myth that Obama does not want entitlement reform was debunked in his press conference today.

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    Re: Boehner abandons goal of $4 trillion debt-reduction package

    Quote Originally Posted by Swizz View Post
    So this myth that Obama does not want entitlement reform was debunked in his press conference today.
    Make him cut it first, I'll believe it when I see it from him.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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