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Thread: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by ptif219 View Post
    So Obama supports the income tax cuts?
    Yes, with the elimination of many tax loopholes and credits. Have you not read the framework he provided to the gang of 6? What do you do with these links we provide?

    From the post you just responded to:

    "At the White House moments ago, President Obama threw his support behind the efforts of a bi-partisan group of senators known as the "Gang of Six" who are crafting their own budget-reduction plan that includes spending cuts and revenue increases.

    It is "broadly consistent with the approach that I've urged," Obama said.

    As for the negotiations he's been involved in with Republican leaders from Congress, the president said there has been "some progress" in recent days, but that "we're now in the 11th hour" before a deal needs to be reached in order to give lawmakers time to pass a package before the Aug. 2 deadline when the government's "debt ceiling" expires.

    It's time for Congressional leaders "to start talking turkey," Obama said."
    Last edited by Catawba; 07-20-11 at 08:18 PM.
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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Catawba View Post
    Yes, with the elimination of many tax loopholes and credits. Have you not read the framework he provided to the gang of 6? What do you do with these links we provide?

    From the post you just responded to:

    "At the White House moments ago, President Obama threw his support behind the efforts of a bi-partisan group of senators known as the "Gang of Six" who are crafting their own budget-reduction plan that includes spending cuts and revenue increases.

    It is "broadly consistent with the approach that I've urged," Obama said.

    As for the negotiations he's been involved in with Republican leaders from Congress, the president said there has been "some progress" in recent days, but that "we're now in the 11th hour" before a deal needs to be reached in order to give lawmakers time to pass a package before the Aug. 2 deadline when the government's "debt ceiling" expires.

    It's time for Congressional leaders "to start talking turkey," Obama said."
    Stop that Obama had nothing to do with the gang of 6.

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    I've said this all along … this is the only power the republicans had to reduce spending, they were going to posture and refuse, until they got every cut they felt they could get, this gang of 6 bill reduces income tax paid by the top bracket … while allowing for some deductions to end, and gets immediate spending cuts into place … just for something as simple as .. raising the debt ceiling .. which was going to happen all along.

    Next years budget will be another new ball game .. and we will be seeing even more cuts in spending while saying .. lets wait and see what this new tax structure will produce in increasing revenues, if more people are back to work, then the increase in revenue will be accredited to the new tax format … if there is a decrease in revenue, it can be blamed on the high unemployment rates

    This is a much better plan for Republicans then Obama's was … it's front end loaded with tax cuts it's also front end loaded with spending cuts … While Obama's plan was front end loaded with tax increases, and rear end loaded with spending cuts.

    I believe this is the best Republicans feel they can get at this time. The very best thing that could happen is for the Democratic controlled Senate to vote against this bill, then the blame will fall directly on their shoulders and no one elses. Passing this bill is a win win for Republicans.... it's not the end all …. but it's a start …. and the 2012 budget will be just as interesting a fight.
    Last edited by The Barbarian; 07-20-11 at 08:30 PM.

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by The Barbarian View Post
    I've said this all along … this is the only power the republicans had to reduce spending, they were going to posture and refuse, until they got every cut they felt they could get, this gang of 6 bill reduces income tax paid by the top bracket … while allowing for some deductions to end, and gets immediate spending cuts into place … just for something as simple as .. raising the debt ceiling .. which was going to happen all along.

    Next years budget will be another new ball game .. and we will be seeing even more cuts in spending while saying .. lets wait and see what this new tax structure will produce in increasing revenues, if more people are back to work, then the increase in revenue will be accredited to the new tax format … if there is a decrease in revenue, it can be blamed on the high unemployment rates

    This is a much better plan for Republicans then Obama's was … it's front end loaded with tax cuts it's also front end loaded with spending cuts … While Obama's plan was front end loaded with tax increases, and rear end loaded with spending cuts.

    I believe this is the best Republicans feel they can get at this time. The very best thing that could happen is for the Democratic controlled Senate to vote against this bill, then the blame will fall directly on their shoulders and no one elses. Passing this bill is a win win for Republicans.... it's not the end all …. but it's a start …. and the 2012 budget will be just as interesting a fight.
    What budget? Obama has not had a budget his whole term as President I do not see him starting now

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by ptif219 View Post
    What budget? Obama has not had a budget his whole term as President I do not see him starting now
    -chuckles- well you have a point there ..... but the blank check spending was taken away by the 2010 elections ... just try and think what that spending might have been with out the result of 2010 !!

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by The Barbarian View Post
    -chuckles- well you have a point there ..... but the blank check spending was taken away by the 2010 elections ... just try and think what that spending might have been with out the result of 2010 !!
    Not completely Obama will still find ways around congress.

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by ptif219 View Post
    Stop that Obama had nothing to do with the gang of 6.

    Do you support the gang of 6 proposals?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by The Barbarian View Post
    I've said this all along … this is the only power the republicans had to reduce spending, they were going to posture and refuse, until they got every cut they felt they could get, this gang of 6 bill reduces income tax paid by the top bracket … while allowing for some deductions to end, and gets immediate spending cuts into place … just for something as simple as .. raising the debt ceiling .. which was going to happen all along.

    Next years budget will be another new ball game .. and we will be seeing even more cuts in spending while saying .. lets wait and see what this new tax structure will produce in increasing revenues, if more people are back to work, then the increase in revenue will be accredited to the new tax format … if there is a decrease in revenue, it can be blamed on the high unemployment rates

    This is a much better plan for Republicans then Obama's was … it's front end loaded with tax cuts it's also front end loaded with spending cuts … While Obama's plan was front end loaded with tax increases, and rear end loaded with spending cuts.

    I believe this is the best Republicans feel they can get at this time. The very best thing that could happen is for the Democratic controlled Senate to vote against this bill, then the blame will fall directly on their shoulders and no one elses. Passing this bill is a win win for Republicans.... it's not the end all …. but it's a start …. and the 2012 budget will be just as interesting a fight.
    To be clear, you also support the gang of 6 proposal?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by Catawba View Post
    Do you support the gang of 6 proposals?
    I think they leave much room for improvement

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    Re: 'Gang of Six' revives hope for big deal in stalled debt-ceiling talks

    Quote Originally Posted by ptif219 View Post
    I think they leave much room for improvement
    So do I, but do you support this over the status quo?
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

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