Page 5 of 6 FirstFirst ... 3456 LastLast
Results 41 to 50 of 52

Thread: Harry Reid Caves - No New Taxes

  1. #41
    Holy Crap!
    Red Crow's Avatar
    Join Date
    Sep 2010
    Location
    Hawaii, USA
    Last Seen
    12-06-15 @ 11:54 AM
    Gender
    Lean
    Independent
    Posts
    3,429

    Re: Harry Reid Caves - No New Taxes

    I am glad nObama is out of the negotiations. He was screwing thing up,....... again.
    Catch me if you can.

  2. #42
    Sage

    Join Date
    Apr 2008
    Location
    Huntsville, AL (USA)
    Last Seen
    Today @ 08:47 PM
    Gender
    Lean
    Moderate
    Posts
    9,758

    Re: Harry Reid Caves - No New Taxes

    Quote Originally Posted by BDBoop View Post
    Good point, but as I understand it, Boehner threw the first stick by asking for the repeal of Obamacare.
    Moreover, as I understand how last minute negotiations went between the President and Boehner, the $80 billion in additional revenue was merely an inquiry not a hardline negotiations point. And the reason the President asked about it was because it would have raised the total amount of proposed revenue equal to that as proposed by the Gang of Six. I don't know if the request was a "tit-for-tat", i.e., "since you're asking to repeal the individual mandate from health care law I'll ask for that additional $80 billion one of your Republican colleagues has proposed." If that was the case, I can certainly understand it..."You want something more from me, I'll ask something more from you."

    A Republican aide e-mails me: “The Speaker, Sen. Reid and Sen. McConnell all agreed on the general framework of a two-part plan. A short-term increase (with cuts greater than the increase), combined with a committee to find long-term savings before the rest of the increase would be considered. Sen. Reid took the bipartisan plan to the White House and the President said no.”

    If this is accurate the president is playing with fire. By halting a bipartisan deal he imperils the country’s finances and can rightly be accused of putting partisanship above all else. The ONLY reason to reject a short-term, two-step deal embraced by both the House and Senate is to avoid another approval-killing face-off for President Obama before the election. Next to pulling troops out of Afghanistan to fit the election calendar, this is the most irresponsible and shameful move of his presidency.
    Actually, there's more to this than that.

    Between 2001 and 2008, the debt ceiling has been raised five times, but each were short-term measures. (See the report, "The Debt Limit: History and Recent Increases" for details). Each time the debt limit was raised it was a short-term fix ranging anywhere from 6-months to a year. I don't think it's unreasonable for the President to want the timeline for addressing the debt limit the next time around stretched out over a longer period of time and not have to deal with this issue during an election year. I mean, it wasn't made an issue in the 2004 Presidential election and the debt limit was raised on November 19 of that year. So, why should Pres. Obama have to deal with it for 2012?

    Quote Originally Posted by Red Crow View Post
    I am glad nObama is out of the negotiations. He was screwing thing up,....... again.
    He shouldn't have been part of negotiations in the first place. This was Congress' responsibility to resolve, not the President. But Boehner all but insisted that he get involved. Wanna blame anybody for the screw-up in negotiations, blame the party leadership who walked out on negotiations - TWICE!

    Process, ladies and gentlemen. Understand it...
    Last edited by Objective Voice; 07-25-11 at 07:13 PM.

  3. #43
    Banned
    Join Date
    Jun 2010
    Last Seen
    05-06-12 @ 11:12 PM
    Lean
    Other
    Posts
    9,800

    Re: Harry Reid Caves - No New Taxes

    Quote Originally Posted by Captain America View Post
    The "moral majority" are neither.
    Hence the quotes.

  4. #44
    Banned
    Join Date
    Jun 2010
    Last Seen
    05-06-12 @ 11:12 PM
    Lean
    Other
    Posts
    9,800

    Re: Harry Reid Caves - No New Taxes

    Quote Originally Posted by Ikari View Post
    There's a party in Congress which acts like adults? Really?
    They must be new. Like, since this morning, new.

  5. #45
    Banned
    Join Date
    Jul 2011
    Location
    In front of my computer
    Last Seen
    09-21-11 @ 05:04 PM
    Gender
    Lean
    Other
    Posts
    266

    Re: Harry Reid Caves - No New Taxes

    There's no such thing as a party that acts like adults. The only parties in America are examples of individuals who have to have a bunch of supporters to rally themselves around when they parade like idiots, just like drinkers at bars like to have a bunch of fellow drunks when they make their meaningless speeches. The party system in American is just as broken as a clock that can't tell time...

  6. #46
    Banned
    Join Date
    Jun 2011
    Last Seen
    03-16-12 @ 11:02 PM
    Gender
    Lean
    Libertarian
    Posts
    7,624

    Re: Harry Reid Caves - No New Taxes

    Quote Originally Posted by donsutherland1 View Post
    It's not a matter of disagreement. No political leader forecast a major market hit today. They only expressed concerns.
    That's mostly the same thing as they had nothing of substance to even state the concern.

    Also the goal of reaching an agreement by last night was not a "false" one, but an unmet one (and probably unrealistic). With respect to August 2, there may be an additional few days if, for example, revenue collection was somewhat better than anticipated or expenditures were somewhat lower than expected. However, that there would be a substantial adverse market reaction if the nation fails to raise the debt ceiling in a timely fashion (in time to meet its obligations) and a growing adverse macroeconomic impact should the impasse be extended is in little dispute.
    I stated what I said pretty poorly. Sorry. I just meant the rhetoric on the markets this weekend was based upon nothing other than hot air.

    As noted previously, market expectations are in favor of a deal to avert default. The larger risk is a continuing absence of a credible fiscal consolidation program. Hence, the medium- and longer-term outlooks are worse. That's where increases in long-term yields and a possible credit downgrade would come into play.
    IMO the markets really don't care because they will find a way to create a bubble or run up commodities or something to make money.

  7. #47
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Harry Reid Caves - No New Taxes

    this bit about the repeal of the obamacare mandate...

    it was a very late entry in the obama-boehner negotiations, that search for the "grand bargain"

    that agreement, pared down to 3T in deficit reduction with 800B in revenues, was nearing a deal, the nyt got the whole city abuzz with that friday morning headline, deal may be close

    the phone calls had been made to staff members!

    the hang up that morning on coffee joe was---how can you confirm that these promises, both sides, get kept

    here, let politico tell it, they're on msnbc every morning anyway:

    The size of the revenue target is still a sticking point, as is the mechanism to ensure that the needed legislative changes — for tax and entitlement reform—get done before this Congress ends.

    Boehner and Obama are discussing some sort of trigger mechanism that would threaten each party with the loss of almost its first born child — policy wise.

    Democrats have suggested that if Congress fails to act, taxes will go up on those earning over $250,000. Republicans have countered that if the added taxes take effect, the law would also rip out portions of Obama’s prized healthcare reforms, such as eliminating the individual mandate.
    Latest debt deal under fire - David Rogers and Carrie Budoff Brown - POLITICO.com

  8. #48
    warrior of the wetlands
    TurtleDude's Avatar
    Join Date
    Oct 2005
    Location
    Ohio
    Last Seen
    Today @ 09:02 PM
    Gender
    Lean
    Libertarian - Right
    Posts
    180,539

    Re: Harry Reid Caves - No New Taxes

    Quote Originally Posted by 1Perry View Post
    Here is my prediction. Cuts with no new taxes that takes us past 2012.
    the last thing Pelosi and Dirty Harry wants in the fall of 2012 is a bill from Boehner maintaining the now normal tax rates. Dirty and Botox would have to either 1) vote for an increase of taxes on EVERY TAX PAYER or maintaining the current rates

    1) if they raise rates on the 53% who pay income taxes they are going to get filleted at the polls

    2) if they agree to maintain the normal tax rates, they are going to get thrashed by the marxists and the radical welfare socialists



  9. #49
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Harry Reid Caves - No New Taxes

    Quote Originally Posted by Objective Voice View Post
    I mean, it wasn't made an issue in the 2004 Presidential election and the debt limit was raised on November 19 of that year. So, why should Pres. Obama have to deal with it for 2012?
    because the american people care about it today

    and the debate is just beginning, there is no long term deal that can get thru the house caucus

    the president's preference to push this past 2012 is now, thanks mostly to his political incompetence, impossible

    barack the slasher obama has raced in reverse some six to eight trillion dollars, disparaging stimulus, embracing austerity, since february

    where's he gonna be in september

    leadership, anyone?

  10. #50
    Holy Crap!
    Red Crow's Avatar
    Join Date
    Sep 2010
    Location
    Hawaii, USA
    Last Seen
    12-06-15 @ 11:54 AM
    Gender
    Lean
    Independent
    Posts
    3,429

    Re: Harry Reid Caves - No New Taxes

    Quote Originally Posted by Objective Voice View Post




    He shouldn't have been part of negotiations in the first place. This was Congress' responsibility to resolve, not the President. But Boehner all but insisted that he get involved. Wanna blame anybody for the screw-up in negotiations, blame the party leadership who walked out on negotiations - TWICE!

    Process, ladies and gentlemen. Understand it...
    nObama won't accept any deals unless they give him enough money to keep on spending, is either his way or the highway and this ridiculous conference that he had last night was another step TRYING to under mind the American people, he believes that the American people is stupid and they will believe anything he says. FAILED.
    Catch me if you can.

Page 5 of 6 FirstFirst ... 3456 LastLast

Posting Permissions

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