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Thread: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by Rhapsody1447 View Post
    Glad to see you support cuts in spending and entitlements. I support revenue increases. Something tells me that if we we're on that committee something might of actually gotten done. In terms of revenue increases, if $250 billion is a "joke" to you, what is a reasonable level? $1 trillion? Don't forgot the payroll tax increase at the end of this year (even Obama is opposed to that) and the new tax increases that are set to take place at the beginning of 2013.
    There's no payroll tax increase at the end of the year. We've been on tax holiday paying Social Security taxes at 4.2% instead of 6.2%. Paying less into a program that's in trouble makes perfect sense, yes? Pandering. Pure and simple.
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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by MaggieD View Post
    There's no payroll tax increase at the end of the year. We've been on tax holiday paying Social Security taxes at 4.2% instead of 6.2%. Paying less into a program that's in trouble makes perfect sense, yes? Pandering. Pure and simple.
    Really? You're saying there is no payroll tax hike at the end of the year?

    Obama Urges Congress To Prevent Payroll Tax Hike After Deficit Panel Failure | Fox News

    Obama Urges Congress to Prevent Payroll Tax Hike After Deficit Panel Failure

    It's an extension of the payroll tax cut, but a tax hike regardless if isn't extended. Check your facts before you accuse me of pandering.
    Last edited by Rhapsody1447; 11-22-11 at 03:05 PM.
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    The failure of the supercommitee is the best outcome possible; people on the hill are already talking about the Bowles report recomendations, a bigger, more wide-ranging comprimise framework for deficit reduction. Now the ball is back to the house to get it moving. Maybe Bohener can get it done this time.
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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by Rhapsody1447 View Post
    Senator Toomey reports that Republicans offered $250 billion in new revenue for the $1.2 trillion in cuts, said that Democrats refused to make a deal unless there was $1 trillion in new taxes. While I do support some increases in revenue purely for the sake of getting a deal done, $1 trillion in new taxes is absurd. I'm curious to see the Democratic response to this.
    So you feel that "I give in five and you give in one" is a fair and equal bargain?
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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by nijato View Post
    The failure of the supercommitee is the best outcome possible; people on the hill are already talking about the Bowles report recomendations, a bigger, more wide-ranging comprimise framework for deficit reduction. Now the ball is back to the house to get it moving. Maybe Bohener can get it done this time.
    Perhaps if we now simply allow to happen what is set to happen......... let the 2001 and 2003 tax cuts expire as set to do and let the automatic spending cuts take place in 2013. Nobody need do nothing except let the clock run out.
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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by AdamT View Post
    No, what they offered was to close loopholes ... OFFSET by a reduction in tax rates. With a trigger that would actually raise revenue under certain conditions. Another giveaway for the wealthy.
    Exactly. The idea of getting back a dollar today to pay in ten more tomorrow is ludicrous and disingenuous in the extreme.
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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by haymarket View Post
    So you feel that "I give in five and you give in one" is a fair and equal bargain?
    Given the context of the debate in terms of taxing and spending? Absolutely.
    "There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes." ~Dalio

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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by haymarket View Post
    So you feel that "I give in five and you give in one" is a fair and equal bargain?
    And WTF is up that, anyway? Now we're talking about cutting deficits by $1.5 trillion ... when Obama started the discussion by offering over $4 trillion?

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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by Rhapsody1447 View Post
    Given the context of the debate in terms of taxing and spending? Absolutely.
    thank you for explaining in one line why the Super Committee was doomed to fail before anyone ever walked in that room.
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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Hey everybody!!! Guess what.............................IT'S BUSH'S FAULT.

    Bush Tax Cut Debate Dooms Deal to Cut Deficit - ABC News
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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