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Thread: BREAKING: President Obama Addresses the Nation Tonight at 9

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by washunut View Post
    so did he say anything that was new or just waste 15 minutes we will never get back.
    The President basically recounted the last 10 years and explained to the American people exactly how the fed got into this mess - years of unfunded liabilities (i.e., 2 wars and a prescription drug program) and an economic crisis that required federal spending (TARP, the Stimulus, unemployment benefits). He didn't place blame on any one party; he blamed both sides. But where it came to compromising on those "sacred cows" both parties cling to, the President reaffirmed how the many within the Democrat party and some Republicans mostly in the Senate were willing to compromise and do what was in the best interest of the country while members of the House - Tea Partiers - refused to buldge on their position of no tax increases of any kind and not raising the debt limit whether spending cuts are involved or not.

    I watched the press conference along with Speaker Boehner's rebuttle on my local Fox network channel and what I found very telling was that once Boehner was done, the Fox commentator admitted that the bipartisan agreement the House passed - their Cut, Cap and Balance bill - only received 5 Democrat votes. Moreover, the Speaker's own two-part plan to raise the debt limit was rejected by the House w/the Tea Party voting soundly against it. This more than anything else should affirm to the American people not only where the leadership problem exists but also which chamber of Congress is truly causing problems. Here are two clues: it ain't the President and it's not the Senate!

    Something else I found interesting: The President hit the reset button on negotiations and gave himself two options as a way out.

    Option 1: $4T in spending cuts for $1T in revenue, no major entitlement reforms

    Option 2: $2.7T in spending cuts, no tax increase (Sen. Reid's proposal which would pass in both chambers of Congress).

    Either way, he wins!!!

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by Objective Voice View Post
    The President basically recounted the last 10 years and explained to the American people exactly how the fed got into this mess - years of unfunded liabilities (i.e., 2 wars and a prescription drug program) and an economic crisis that required federal spending (TARP, the Stimulus, unemployment benefits). He didn't place blame on any one party; he blamed both sides. But where it came to compromising on those "sacred cows" both parties cling to, the President reaffirmed how the many within the Democrat party and some Republicans mostly in the Senate were willing to compromise and do what was in the best interest of the country while members of the House - Tea Partiers - refused to buldge on their position of no tax increases of any kind and not raising the debt limit whether spending cuts are involved or not.

    I watched the press conference along with Speaker Boehner's rebuttle on my local Fox network channel and what I found very telling was that once Boehner was done, the Fox commentator admitted that the bipartisan agreement the House passed - their Cut, Cap and Balance bill - only received 5 Democrat votes. Moreover, the Speaker's own two-part plan to raise the debt limit was rejected by the House w/the Tea Party voting soundly against it. This more than anything else should affirm to the American people not only where the leadership problem exists but also which chamber of Congress is truly causing problems. Here are two clues: it ain't the President and it's not the Senate!

    Something else I found interesting: The President hit the reset button on negotiations and gave himself two options as a way out.

    Option 1: $4T in spending cuts for $1T in revenue, no major entitlement reforms

    Option 2: $2.7T in spending cuts, no tax increase (Sen. Reid's proposal which would pass in both chambers of Congress).

    Either way, he wins!!!
    No men are anywhere, and Im allowed to go in, because Im the owner of the pageant and therefore Im inspecting it, Trump said... Is everyone OK? You know, theyre standing there with no clothes. Is everybody OK? And you see these incredible looking women, and so I sort of get away with things like that.

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by TurtleDude View Post
    corporations shouldn't pay taxes. INcome shouldn't be taxed-rather consumption should be taxed. and that would eliminate all those subsidies you complain about such as not taxing GE for profits they paid taxes on in the countries where the money was earned
    Why not? The Supreme Court has declared them to be "individuals". Why shouldn't they pay taxes just like the rest of us?

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Reids program has zero chance of passing. Basically all it does is raise the debt limit with no strings attached.

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by Middleground View Post
    Why does this include Iraq and Afghanistan but not Libya?

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by Middleground View Post
    This is exactly what I've been saying to people for the last five months, that the spending under Pres. Obama hasn't been anywhere near as much as it was under Pres. GWB. Yet, people continue to buy into the BS that a $780B stimulus bill, an extension of tax cut initiated by his predecessor and a few million in unemployment benefits (which aren't on the graph, btw) equals enough expenditures to suddenly throw this nation's economy in the red. BULL!

    Edit: And like 1Perry points out, it doesn't include spending on Libya either, but I seriously doubt when unemployment cost and the price tag for Libya will get us anywhere near the amount spent under GW Bush.

    Quote Originally Posted by 1Perry View Post
    Reids program has zero chance of passing. Basically all it does is raise the debt limit with no strings attached.
    If you want to just get this thing done w/o strings attached, it would make sense to cut spending above the amount you want the debt ceiling raised since both sides agree that spending cuts need to be done. As long as those cuts aren't done to entitlement programs that reduce benefits to recipients, I think it's something both sides can agree on.
    Last edited by Objective Voice; 07-25-11 at 11:17 PM.

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by TurtleDude View Post
    you sound like someone who is upset with the rich
    No, I am disheartened that you advocate taking money from those serving in the military. You advocate cutting the benefits of disabled veterans. You advocate cutting the retirement pensions of members of the U.S. military. You advocate doing that because Big Business and wealthy people feel entitled. Shame on you.










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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by Objective Voice View Post
    Why not? The Supreme Court has declared them to be "individuals". Why shouldn't they pay taxes just like the rest of us?
    because they are merely a conduit to transfer money to their owners

    there should be no double taxation on corporate profits



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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by Risky Thicket View Post
    No, I am disheartened that you advocate taking money from those serving in the military. You advocate cutting the benefits of disabled veterans. You advocate cutting the retirement pensions of members of the U.S. military. You advocate doing that because Big Business and wealthy people feel entitled. Shame on you.
    stop making up stuff. THe military is a proper constitutional function



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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by Objective Voice View Post
    The President basically recounted the last 10 years and explained to the American people exactly how the fed got into this mess - years of unfunded liabilities (i.e., 2 wars and a prescription drug program) and an economic crisis that required federal spending (TARP, the Stimulus, unemployment benefits). He didn't place blame on any one party; he blamed both sides. But where it came to compromising on those "sacred cows" both parties cling to, the President reaffirmed how the many within the Democrat party and some Republicans mostly in the Senate were willing to compromise and do what was in the best interest of the country while members of the House - Tea Partiers - refused to buldge on their position of no tax increases of any kind and not raising the debt limit whether spending cuts are involved or not.

    I watched the press conference along with Speaker Boehner's rebuttle on my local Fox network channel and what I found very telling was that once Boehner was done, the Fox commentator admitted that the bipartisan agreement the House passed - their Cut, Cap and Balance bill - only received 5 Democrat votes. Moreover, the Speaker's own two-part plan to raise the debt limit was rejected by the House w/the Tea Party voting soundly against it. This more than anything else should affirm to the American people not only where the leadership problem exists but also which chamber of Congress is truly causing problems. Here are two clues: it ain't the President and it's not the Senate!

    Something else I found interesting: The President hit the reset button on negotiations and gave himself two options as a way out.

    Option 1: $4T in spending cuts for $1T in revenue, no major entitlement reforms

    Option 2: $2.7T in spending cuts, no tax increase (Sen. Reid's proposal which would pass in both chambers of Congress).

    Either way, he wins!!!
    Like I said a waste of 15 minutes I will never get back. Make that 16 minutes counting reading your response.

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