Page 175 of 212 FirstFirst ... 75125165173174175176177185 ... LastLast
Results 1,741 to 1,750 of 2119

Thread: Obama: No Deal Without Tax Hikes

  1. #1741
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 09:42 AM
    Gender
    Lean
    Conservative
    Posts
    67,261

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Swizz View Post
    Um, you do both, if you know anything about business.
    Yes, you always do both but you start first with defined spending cuts and budget cuts. Still waiting for a liberal to explain to me how raising taxes puts 24 million unemployed and underemployed Americans back to work paying their "fair share" of taxes or the 65 million Americans that are paying Zero in taxes now.

  2. #1742
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by ReverendHellh0und View Post
    Obama: No Deal Without Tax Hikes



    Once again, who isn't willing to compromise?
    The republicans who won't sign a deal unless it has spending cuts, but who run away when Obama proposes even more spending cuts than they proposed.
    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..

  3. #1743
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 09:42 AM
    Lean
    Undisclosed
    Posts
    89,800

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Grant View Post
    So two personal blogs and some equally obscure Left Wing site is a "plan to end Social Security"?

    It is being discussed, certainly, and as it should be in order the get America's fiscal house in some sort of order, but there is no serious plan. Do you really not understand the seriousness of your situation?
    One of the two leading contenders for the GOP 2012 nomination is obscure to you?!?!?!?!?!

    Amazing.

    Ten years ago, no mainstream politician was discussing many of the far right actions which have taken place in legislatures around this country in the last few months. You had to go to lew rockwells site and cato and other Right wing libertarian sites to get how they were setting the stage for the attacks on unions and public workers, taking away the right to vote in local communities, imposing economic martial law and other right wing wetdreams which have come true.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  4. #1744
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by Grant View Post
    I'd really appreciate if you alerted everyone to this plan about ending Social Security, Haymarket, because I've seen no mention of it anywhere.

    Could you please provide a copy of this plan?
    Here's a few mentions

    Google
    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..

  5. #1745
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by disneydude View Post
    Why should I pay for your police? For you fire department? C'mon Con....why should I pay for your libraries or your parks?
    Or your military, which is where most of our tax money goes
    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..

  6. #1746
    Sage

    Join Date
    Sep 2010
    Last Seen
    Today @ 09:42 AM
    Lean
    Undisclosed
    Posts
    89,800

    Re: Obama: No Deal Without Tax Hikes

    sangha

    Unless we can present an officially notarized and cetrified 567 page detailed plan signed by the Boner and Chinless McConnell in their own blood, it will mean nothing to them.
    Last edited by haymarket; 07-19-11 at 01:58 PM.
    __________________________________________________ _
    There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers

  7. #1747
    ANTI**ANTIFA
    ReverendHellh0und's Avatar
    Join Date
    Sep 2007
    Location
    Temple of Solomon
    Last Seen
    Today @ 09:17 AM
    Gender
    Lean
    Libertarian
    Posts
    75,502

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by sangha View Post
    The republicans who won't sign a deal unless it has spending cuts, but who run away when Obama proposes even more spending cuts than they proposed.


    Just makin it up as you go along.... /facepalm
    Let evil swiftly befall those who have wrongly condemned us

  8. #1748
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by disneydude View Post
    When you act like children....sometimes you have to be treated like children. Sorry....that's just life.
    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..

  9. #1749
    Sage

    Join Date
    Apr 2008
    Location
    Huntsville, AL (USA)
    Last Seen
    12-11-17 @ 05:51 PM
    Gender
    Lean
    Moderate
    Posts
    9,763

    Re: Obama: No Deal Without Tax Hikes

    [/QUOTE]

    Quote Originally Posted by cpwill View Post
    In 8 of the 12 years the Republicans controlled the spending, the deficit went down the following year and the 4 years it went up were all in the years immediately after the 9-11 attack. Despite the huge blow to the economy and the expenses of fighting two wars, deficit spending peaked in 2004 and was declining sharply until the Democrats regained control of the House in 2007.

    Meanwhile, in 18 of the 24 years the Democrats controlled the federal purse strings, the deficit rose the following year....
    Have you any idea what happened to the financial markets in the late summer of 2007? Events that began to run downhill then culmulnated in the collaspe in the housing market of 2008. From the book, "Too Big to Fail", by Andrew Ross Sorkin, pages 89 and 90, referring to events as they began to unfold beginning on August 7, 2007:

    By now it was clear even to [FedResv Chairman] Bernanke that he had failed to gauge the severity of the situation. As late as June 5, he had declared in a speech that "at this point, the troubles in the subprime sector seem unlikely to seriously spill over to the broader economy or the financial system." The housing problems, he had thought, was limited to the increase in subprime loans to borrowers with poor credit. Although the subprime market had mushroomed to $2 trillion, it was still just a fraction of the overall $14 trillion U.S. mortgage market.

    But that analysis did not take into account a number of other critical factors, such as the fact that the link between the housing market and the financial system was further complicated by the growing use of exotic derivatives. Securities whose income and value came from a pool of residential mortgages were being amalgamated, sliced up, and reconfigured again, and soon became the underpinnings of new investment products marketed as collateralized debt obligations (CDOs).

    The way that firms like a JP Morgan or a Lehman Brothers now operated bore little resemblance to the way banks had traditionally done business. No longer would a bank simply make a loan and keep it on its books. Now lending was about origination - establishing the first link in a chain of securitization that spread risk of the loan among dozens if not hundreds and thousands of parties. Although securitization supposedly reduced risk and increased liquidity, what it meant in reality was that many insitutitions and investors were now interconnected, for better or for worse. A municiple pension fund in Norway might have subprime mortgages from California in its portfolio and not even realize it. Making matters worse, many financial firms had borrowed heavily against these securities, using what is known as leverage to amplify their returns. This only increased the pain when they began to lose value.

    Regulators around the world were having trouble understanding how the pieces all fit together. [Alan] Greenspan would later admit that even he hadn't compreheneded exactly what was happening. "I've got some fairly heavy background in mathematics," he state [in 2005] after he stepped down from the Fed. "But some of the complexities of some of the instruments that were going into CDOs bewilders me. I didn't understand what they were doing or how they actually go the types of returns out of the mezzanines and the various traches of the CDO that they did. And i figured if I didn't understand it and I had access to a couple hundred PhDs, how the rest of the world is going to understand it sort of bewildered me".

    He was not alone. Even the CEOs of the firms that sold these products had no better comprehension of it all.
    As I've stated from the very beginning of the housing crisis, CORPORATE AMERICAN COULD NOT FIX ITSELF! Therefore, it was incumbant upon the Federal Reserve/Treasury to try and fix the mess the private sector created and did not fully understand itself. TARP was that effort to place liquidity back into the private sector, halting short-sells, bring some measure of confidence back into the financial system. The spike you see in domestic spending beginning in 2008 is a direct result of the massive "capital injection plan" the Fed used to stablize the markets and "stop the bleeding".
    Last edited by Objective Voice; 07-19-11 at 01:59 PM.

  10. #1750
    Sage
    sangha's Avatar
    Join Date
    Jul 2011
    Location
    Lower Hudson Valley, NY
    Last Seen
    09-17-17 @ 05:48 PM
    Gender
    Lean
    Independent
    Posts
    59,990

    Re: Obama: No Deal Without Tax Hikes

    Quote Originally Posted by ReverendHellh0und View Post
    So who's acting like childeren, the ones who think we need to reign in spending, or the spoled brats who think the answer to our credit problem is more spending, borrowing, and getting up and throwing a tantrum during negotiations?
    The babies are the rightwingers who say they want to cut spending, but ran like little girls with a spider in their hair when Obama proposed additional spending cuts.
    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..

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •