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Thread: Obama: No Deal Without Tax Hikes

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    Re: Obama: No Deal Without Tax Hikes

    you do understand that very blue states like California and NY have far more gop millionaires than GOP states like Mississippi and Wyoming



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    Re: Obama: No Deal Without Tax Hikes

    The Moonie Times?!! Seriously?
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by TurtleDude View Post
    you do understand that very blue states like California and NY have far more gop millionaires than GOP states like Mississippi and Wyoming
    I know that the US has more red welfare states than blue welfare states
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    The Moonie Times?!! Seriously?
    Seriously. I have yet to see you disprove the truth. Here's more:

    Off to Blair House and a variety of undisclosed locations they went over a period of weeks to work their magic. When they were through, out came TEFRA, the Tax Equity and Fiscal Responsibility Act, a legislative package sold to President Reagan as a grand compromise constituting a 3-to-1 rate of spending cuts to tax increases.

    This is the same ratio that Brooks, in the current context, calls "an astonishing concession" on the part of Democrats, the framework of a deal Republicans should accept without hesitation as the "mother of all no-brainers." That's essentially what the Gang of 17 told Reagan in 1982.

    Reagan reluctantly agreed, signing the bill into law, saying he was supporting "a limited loophole-closing tax increase to raise more than $98.3 billion over three years in return for ... agreement to cut spending by $280 billion during the same period."

    While the tax provisions (including excise tax increases and various business tax adjustments) were promptly put in place, Reagan wrote years later that "the Democrats reneged on their pledge (to cut spending) and we never got those cuts."

    Indeed, spending by Congress increased in subsequent weeks (!) (not to mention years), and there was no discernible progress in reducing the deficit.

    Reagan's counselor and later attorney general, Edwin Meese III, who supported the TEFRA deal along with Reagan at the time, summed it up succinctly in hindsight in his 1992 book, "With Reagan: The Inside Story."

    "I believe that the TEFRA compromise -- the 'Debacle of 1982' -- was the greatest domestic error of the Reagan administration," Meese wrote. "It was a complete departure from our tax-cutting mandate, failed to reduce the growth of government spending, (and) did not decrease the deficit. ... Judged by the results, TEFRA was not only a mistake, it was an abject lesson in how not to reduce the deficit."


    There they go again: Remembering the 'TEFRA Debacle of 1982' | The Examiner | Op Eds | Washington Examiner

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by LesGovt View Post
    Seriously. I have yet to see you disprove the truth. Here's more:

    Off to Blair House and a variety of undisclosed locations they went over a period of weeks to work their magic. When they were through, out came TEFRA, the Tax Equity and Fiscal Responsibility Act, a legislative package sold to President Reagan as a grand compromise constituting a 3-to-1 rate of spending cuts to tax increases.

    This is the same ratio that Brooks, in the current context, calls "an astonishing concession" on the part of Democrats, the framework of a deal Republicans should accept without hesitation as the "mother of all no-brainers." That's essentially what the Gang of 17 told Reagan in 1982.

    Reagan reluctantly agreed, signing the bill into law, saying he was supporting "a limited loophole-closing tax increase to raise more than $98.3 billion over three years in return for ... agreement to cut spending by $280 billion during the same period."

    While the tax provisions (including excise tax increases and various business tax adjustments) were promptly put in place, Reagan wrote years later that "the Democrats reneged on their pledge (to cut spending) and we never got those cuts."

    Indeed, spending by Congress increased in subsequent weeks (!) (not to mention years), and there was no discernible progress in reducing the deficit.

    Reagan's counselor and later attorney general, Edwin Meese III, who supported the TEFRA deal along with Reagan at the time, summed it up succinctly in hindsight in his 1992 book, "With Reagan: The Inside Story."

    "I believe that the TEFRA compromise -- the 'Debacle of 1982' -- was the greatest domestic error of the Reagan administration," Meese wrote. "It was a complete departure from our tax-cutting mandate, failed to reduce the growth of government spending, (and) did not decrease the deficit. ... Judged by the results, TEFRA was not only a mistake, it was an abject lesson in how not to reduce the deficit."


    There they go again: Remembering the 'TEFRA Debacle of 1982' | The Examiner | Op Eds | Washington Examiner
    What you are proving is that spending cuts really NEVER happen. Even if this Congress passes them, it will rely on a future congress to enact them - and the future congresses almost never do.

    Thus, the best way to fix a deficit is to increase taxes and FREEZE spending increases. There is actually a president in office willing to talk about cuts and freezes. If Republicans would stop slobbering all over Grover Norquist's nob, maybe something could actually get done.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    The first graph shows job growth trending upwards under a Democratic House. The 2nd shows the job growth trend after the repubs took over the House.

    What is the difference?
    You mean other than cherry-picking the data for the democrats which could just as easily shown 25 months of straight decline?

    Or the fact that even when cherry picking the best data you could find, you still altered the scale on the GOP graph so the Feb/Mar/Apr bars wouldn't completely dwarf everything in the Democrat graph?

    "What is the difference??" You may as well have asked to be slapped.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by FilmFestGuy View Post
    What you are proving is that spending cuts really NEVER happen. Even if this Congress passes them, it will rely on a future congress to enact them - and the future congresses almost never do.

    Thus, the best way to fix a deficit is to increase taxes and FREEZE spending increases. There is actually a president in office willing to talk about cuts and freezes. If Republicans would stop slobbering all over Grover Norquist's nob, maybe something could actually get done.
    Absolutely incorrect. Make them cut spending!! No tax increases. It's time to make Congress become an honest institution.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by TurtleDude View Post
    tax increases do several things

    1) they don't increase jobs

    2) they fuel more reckless spending by the government

    3) they convince many slackers that the government can continue reckless spending since there is "more revenue" and those slackers continue to demand more reckless spending

    4) the dems can use it to fuel the class warfare and envy that gets many ne'er do wells to vote dem
    #1 is ABSOLUTELY false. If government hires people to build roads, schools, electric infrastructure (either directly or through contracts) it most definitely creates jobs.

    If you cut government spending, you cut jobs and raise unemployment. If federal, state, and local governments hadn't had to shed so many jobs over the past year and half or so, the unemployment picture would look vastly different right now.

    The only ne'er-do-wells suckling the government teat I see is now the leading contender for the GOP - between farm subsidies, her husbands Medicaid receipts to "pray away the gay", and her salary, Bachmann is pulling in about $541,000/year in taxpayer dollars.

    She just doesn't want government spending on anybody but her.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by LesGovt View Post
    Absolutely incorrect. Make them cut spending!! No tax increases. It's time to make Congress become an honest institution.
    Krugman’s reference to Reagan signing a 1982 tax hike — which scaled back specific tax cuts for businesses, not individuals — was not evidence of the president’s “pragmatism.” Reagan reluctantly went along with the legislation because Congressional Democrats pledged big reductions in domestic spending for every dollar in tax hikes. Of course, the tax increases went into effect immediately and the spending cuts never materialized. The tax hike did not ameliorate the deficit; rather, it exacerbated the recession. The lesson that Reagan learned from the 1982 tax increase was not that he should “pragmatically” turn his back on conservatives, but rather that liberal Democrats should not be trusted with pledges to cut government spending.

    FrontPage Magazine - Rewriting Reagan

    As I suggested in another thread, there should be a book entitled, "You Can Trust Tax and Spenders To Be Tax and Spenders.

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    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by LesGovt View Post
    Seriously. I have yet to see you disprove the truth. Here's more:

    Off to Blair House and a variety of undisclosed locations they went over a period of weeks to work their magic. When they were through, out came TEFRA, the Tax Equity and Fiscal Responsibility Act, a legislative package sold to President Reagan as a grand compromise constituting a 3-to-1 rate of spending cuts to tax increases.

    This is the same ratio that Brooks, in the current context, calls "an astonishing concession" on the part of Democrats, the framework of a deal Republicans should accept without hesitation as the "mother of all no-brainers." That's essentially what the Gang of 17 told Reagan in 1982.

    Reagan reluctantly agreed, signing the bill into law, saying he was supporting "a limited loophole-closing tax increase to raise more than $98.3 billion over three years in return for ... agreement to cut spending by $280 billion during the same period."

    While the tax provisions (including excise tax increases and various business tax adjustments) were promptly put in place, Reagan wrote years later that "the Democrats reneged on their pledge (to cut spending) and we never got those cuts."

    Indeed, spending by Congress increased in subsequent weeks (!) (not to mention years), and there was no discernible progress in reducing the deficit.

    Reagan's counselor and later attorney general, Edwin Meese III, who supported the TEFRA deal along with Reagan at the time, summed it up succinctly in hindsight in his 1992 book, "With Reagan: The Inside Story."

    "I believe that the TEFRA compromise -- the 'Debacle of 1982' -- was the greatest domestic error of the Reagan administration," Meese wrote. "It was a complete departure from our tax-cutting mandate, failed to reduce the growth of government spending, (and) did not decrease the deficit. ... Judged by the results, TEFRA was not only a mistake, it was an abject lesson in how not to reduce the deficit."


    There they go again: Remembering the 'TEFRA Debacle of 1982' | The Examiner | Op Eds | Washington Examiner
    You think I'm going to argue against the idea that reagan was a dope who got snookered?
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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