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Obama: No Deal Without Tax Hikes

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oh yes, tax increases.....

Here we stand in the middle of the Great Bush Depression caused by wars on the credit card and tax cuts and nobody says that. The conservatives want to pretend GWSnotForBrains never happened because he was their conservative hero. You reap what you sow and we are reaping and conservatives know that. Instead of swallowing the turd of their own ineptitude, they attempt to create chaos in government to stop solutions because then Obama might get re-elected. Not by me, I'm voting third party. When you need money, you must increase taxes or jobs that create taxpayers, but not largesse for parasitic Corporations.
 
Ok, so 3 trillion isn't enough for the GOP to give just a little itty bit on revenue?

a trillion dollars in tax hikes is not an itty bit. we are here to reduce the size of government, not aid it's growth. and the President did not offer 3 trillion in cuts. he offered "three trillion in cuts"; similar to how Republicans in the 2011 continuing resolution deal got "36 billion in cuts" that later turned out to mean about five hundred million actual dollar reductions. the President counts interest that otherwise would have been paid on debt never accrued as a "spending cut". the President counts not keeping surge - levels in Afghanistan and the already scheduled lowering of troops in Iraq as a "spending cut". this deal isn't 3 to 1, it isn't even 2 to 1. It's not a "spending cut" if you don't actually cut any spending.

the President wants to put Republicans in a Hobsons' choice - either take massive tax hikes on top of the ones already scheduled, or give him an economic narrative to blame them for his own mismanagement. no thanks.


Republicans at this point should pass their own debt-ceiling bill through the House. Pair it with cuts that they deem appropriate, and send it on up. If Democrats want to kill it, be it on them.
 
Yeh,we should do the responsible thing and limit the raising of the debt limit to the number of times that the previous occupant of the White House raised it.:roll:

So BHO is only carrying on the policies his predecessor had established, which that makes it OK. And all that Hope and Changey talk was all a scam after all, just as many with IQ's above room temperatures had claimed.

It seems clear that a new President is required. BHO has obviously failed in every category we can name. The idea that he has enjoyed any measure of success brings a smile to even his most rabid followers familiar with Presidential responsibilities.

Still, the racism, sexism and the shouting debates over non-issues will become even more heated as the campaigns heighten. Political theater at its best and worst, and most enjoyed from afar.
 
So BHO is only carrying on the policies his predecessor had established, which that makes it OK. And all that Hope and Changey talk was all a scam after all, just as many with IQ's above room temperatures had claimed.

It seems clear that a new President is required. BHO has obviously failed in every category we can name. The idea that he has enjoyed any measure of success brings a smile to even his most rabid followers familiar with Presidential responsibilities.

Still, the racism, sexism and the shouting debates over non-issues will become even more heated as the campaigns heighten. Political theater at its best and worst, and most enjoyed from afar.

Of course, and the Media will create for you a choice of two truly inept and corrupt individuals to choose from. La de da, ain't it grand. P'haps dem Republicants will find themselves even a black candidate or a pollack. Whatever. It will be the choice between two really, truly bad apples. Just make you hold your breath with anticipation, don't ya think?
 
I'm pretty sure it would be viewed as a bipartisan issue by most and not the "fault" of Obama.
Fine with me. Let him take the action. Let him decide to shut down the government or to pay the appropriate debts.


Solution to a budget deficit: increase income, reduce expenditures, a combination of both.

Are you really that stupid?
The real right answer is to walk away. Then expenditures will be reduced.
 
...the president walks out of the meeting today.

i can't say that i blame him. both sides will have to compromise to get this done.
Really only one side needs to compromise. Any cuts he offers we should accept. Then we should offer a plan of our own. But no tax increases.
 
LOL. I agree. It is time for the Republicans to walk away. Let the House of Representatives pass a bill to cut spending. But no tax increases.

Most GOP Voters See Need for Revenue Increases

A new Gallup Poll finds that just 26% of GOP voters think a deal to lift the debt ceiling should consist entirely of spending cuts.

The vast majority of Republicans believe that at least some tax revenue increases are necessary, which is contrary to the current position of the Republican congressional leadership.
 
Really only one side needs to compromise. Any cuts he offers we should accept. Then we should offer a plan of our own. But no tax increases.

that puts the entire burden of reducing the deficit / debt on the lowest socioeconomic group. given the current non-existent job opportunities, i don't see that as a viable solution. also, a default might affect the highest socioeconomic class even more than the lower ones.

i would support a complete defunding of nation building and instead using that money to build infrastructure and to fund domestic energy research. i would also cut corporate tax rates (especially for corporations that increase hiring domestically) while closing loopholes. however, if a modest rate increase for top earners will make the austerity compromise more equitable, i would not be against it. perhaps the option of hiring full time employees could be given to the targets of rate increases instead of paying the higher rate.
 
that puts the entire burden of reducing the deficit / debt on the lowest socioeconomic group.

Well no. many people in the extra-constitutional departments earn high five and low six-figure incomes. They just won't get paid. We need to sell off their assets, fire the government workers and sell off the buildings.

i would support a complete defunding of nation building and instead using that money to build infrastructure and to fund domestic energy research. i would also cut corporate tax rates (especially for corporations that increase hiring domestically) while closing loopholes. however, if a modest rate increase for top earners will make the austerity compromise more equitable, i would not be against it. perhaps the option of hiring full time employees could be given to the targets of rate increases instead of paying the higher rate.
If the Republicans walk away then the one term Marxist president Obama will have to make hard choices, for the first time in his life. We do not need to rescue him. He, and his democrat henchmen increased the size of the federal government by 25% in the last two years. This could cause some serious trimming. It will not come a moment too soon.
 
"The vast majority of Republicans believe that at least some tax revenue increases are necessary, which is contrary to the current position of the Republican congressional leadership."
This is of course untrue. Republicans have proposed a number of plans to increase tax revenue. The reporter is confusing "tax revenue increases" with raising taxes.
 
Well no. many people in the extra-constitutional departments earn high five and low six-figure incomes. They just won't get paid. We need to sell off their assets, fire the government workers and sell off the buildings.

and then they'll be on entitlements. how will that reduce government spending or the ever-increasing public demand for it?


If the Republicans walk away then the one term Marxist president Obama will have to make hard choices, for the first time in his life. We do not need to rescue him. He, and his democrat henchmen increased the size of the federal government by 25% in the last two years. This could cause some serious trimming. It will not come a moment too soon.

if you truly believe he's a "Marxist," then you need to research Marxism in greater depth.

additionally, paying our debts is not rescuing Obama. it's rescuing the average citizen. the consequences of default are serious and lasting.
 
This is of course untrue. Republicans have proposed a number of plans to increase tax revenue. The reporter is confusing "tax revenue increases" with raising taxes.

Obama isn't proposing any increases in any taxes. He is merely proposing to close "loopholes" (ie eliminate some specific tax deductions)
 
today: 11% think deficit reduction should come all or mostly from taxes, 50% think balance can be found all or mostly thru cuts

Only 11 percent of voters want tax hikes to be used as the main way of closing the deficit, a new poll Wednesday found.

Seven percent of those surveyed by Gallup said that mostly tax increases, along with some spending cuts, would be the best way to close the deficit. Four percent of Americans say that only tax hikes should be used to cut the deficit.

Voters expressed significantly more support for spending cuts.

One in five Americans surveyed for the Gallup poll say they think the deficit is best cut down by reducing federal spending alone, while 30 percent say that the best strategy for deficit reduction would employ mostly cuts and some tax hikes.

There’s also resistance among the public at large to see the debt ceiling increased, something that congressional Republicans are trying to link to deficit-reducing spending cuts.

Of those surveyed by Gallup, 42 percent say they would vote against raising the debt ceiling, while 22 percent say they would vote for it. Another 35 percent say they don’t know enough about the issue to express an opinion.

Poll: Tax changes unpopular solution to debt - Jennifer Epstein - POLITICO.com
 
Obama isn't proposing any increases in any taxes. He is merely proposing to close "loopholes" (ie eliminate some specific tax deductions)
If that were true they'd have struck a deal. When the Republicans offered the plan written by Obama's own bipartisan debt commission, Obama refused unless it were modified to raise taxes on the rich.
 
Obama walks out of tense US debt meeting - aide | Reuters

the president walks out of the meeting today.

i can't say that i blame him. both sides will have to compromise to get this done.

Actually.

“I suggested we were so far apart I didn’t see in the time before us how we get to where he wants us to be,” Cantor told reporters after the nearly two-hour session.

Cantor said the president "walked out," but a Democratic official familiar with the meeting disputed that account, adding that Cantor had repeatedly interrupted Obama to press his short-term proposal.

“Left abruptly is perfectly fair," the official said. "But the meeting was over--in no sense did he walk out on it.’’

Obama ends meeting after GOP proposes short-term debt-ceiling fix - latimes.com

And before leaving, he accused both sides of posturing.

Yes, sir. The President said "Eric, don't call my bluff. I'm taking this to the American people."
 
obama at gwu, april 13

"in december i agreed to extend the tax cuts for the wealthiest americans because it was the only way i could prevent a tax hike on middle-class americans, but we cannot afford a trillion dollars worth of tax cuts for every millionaire and billionaire in our society, and i refuse to renew them again"

no more "two hundred thousand dollar tax cuts paid for by asking thirty three seniors to each pay six thousand dollars more in health costs"

Text of Obama's Speech: 'I?m Proposing a More Balanced Approach' - - NationalJournal.com
 
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Actually.



Obama ends meeting after GOP proposes short-term debt-ceiling fix - latimes.com


And before leaving, he accused both sides of posturing.

Yes, sir. The President said "Eric, don't call my bluff. I'm taking this to the American people."

The arrogance and child like ego of our current president...I mean the relive should not sit with him again. He offers nothing of substance, and expects to run the meeting like a dictator. I think that at this point the house should pass a bill pass it to the senate and tell the people the real deal concerning demo liars.

J-mac
 
The arrogance and child like ego of our current president...I mean the relive should not sit with him again. He offers nothing of substance, and expects to run the meeting like a dictator. I think that at this point the house should pass a bill pass it to the senate and tell the people the real deal concerning demo liars.

J-mac

Dude, dont even play that card on how Republicans have been acting about these whole talks...
 
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