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Thread: Obama Sets White House Meeting on Fiscal Cliff

  1. #21
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    Re: Obama Sets White House Meeting on Fiscal Cliff

    It's funny to listen to Parasite nation claim there is no cliff. There is no problem.
    It means they were full of lies and deceit making debt an issue for years.
    Now that they have Parasite Nation, and an incompetent leader whose ideas will make matters worse... and there is no defense... it doesn't matter.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  2. #22
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    Re: Obama Sets White House Meeting on Fiscal Cliff

    Quote Originally Posted by The Barbarian View Post
    Let me ask you a question, liberals like you have always referred to the Bush Tax cuts as tax cuts for the Rich. So what is the worry, seeing the rich will have to pay so much more, shouldn’t the rest willingly give up their tiny tax cut Bush gave them?
    It's their talking point, even though it is false. My objection to the Bush tax cuts at the time was that it made the tax system [u]more[/] progressive than it had been under Clinton, and taxing "the rich" only works as long as you have rich people to tax. It worked very well in California in the nineties until the tech bubble burst and so many of the surviving "millionaires" moved on to less kleptocratic areas. Maggie Thatcher had it right.
    Last edited by Diogenes; 11-11-12 at 12:51 PM.
    "We the people are the rightful masters of both Congress & the courts, not to overthrow the Constitution, but overthrow the men who pervert the Constitution."
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  3. #23
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    Re: Obama Sets White House Meeting on Fiscal Cliff

    Quote Originally Posted by Diogenes View Post
    It's their talking point, even though it is false. My objection to the Bush tax cuts at the time was that it made the tax system [u]more[/] progressive than it had been under Clinton, and taxing "the rich" only works as long as you have rich people to tax. It worked very well in California in the nineties until the tech bubble burst and so many of the surviving "millionaires" moved on to less kleptocratic areas. Maggie Thatcher had it right.
    I agree, those tax cuts added, in great numbers, those that don’t pay any Fed. Income tax, what liberals don’t like to hear is that it also cut middle class taxes by about 2,000 a year. Another point they often conveniently like to forget, the Bush tax cuts expired in 2010, the existing tax code and rates are now all Obama and Democrats … “they” extended the tax cuts no one else.

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    Re: Obama Sets White House Meeting on Fiscal Cliff

    Quote Originally Posted by Diogenes View Post
    It's their talking point, even though it is false. My objection to the Bush tax cuts at the time was that it made the tax system [u]more[/] progressive than it had been under Clinton, and taxing "the rich" only works as long as you have rich people to tax. It worked very well in California in the nineties until the tech bubble burst and so many of the surviving "millionaires" moved on to less kleptocratic areas. Maggie Thatcher had it right.
    Except the rich have continued to get richer. Clearly we're not running out of rich people.

    Quote Originally Posted by The Barbarian View Post
    I agree, those tax cuts added, in great numbers, those that don’t pay any Fed. Income tax, what liberals don’t like to hear is that it also cut middle class taxes by about 2,000 a year. Another point they often conveniently like to forget, the Bush tax cuts expired in 2010, the existing tax code and rates are now all Obama and Democrats … “they” extended the tax cuts no one else.
    You seem to have conveniently forgotten that most of those people paying no federal income tax are either paying payroll taxes or are retired. You also seem to have forgotten that Republicans voted for the extension too.

    And what do you mean liberals "don't like to hear" that it also cut middle class taxes? Why would that bother us?
    Last edited by Deuce; 11-11-12 at 06:32 PM.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  5. #25
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    Re: Obama Sets White House Meeting on Fiscal Cliff

    They will simply end up kicking the can down the road another six months, unfortunately. But perhaps that will give them time to put in something like Bowles-Simpson, which makes sense over the long haul.

    The short term solution is obvious, assuming both sides are actually interested in compromise, as they claim. Obama and the Dems want the top Bush cuts to expire. Boehner (and presumably the Republicans *cough*) says he would accept revenue hikes, but he wants them through the elimination of deductions. So just split the difference. Cut the top Bush tax cut in half and make up the difference by reducing some deductions. Easy peasy.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Obama Sets White House Meeting on Fiscal Cliff

    Quote Originally Posted by Deuce View Post
    Except the rich have continued to get richer. Clearly we're not running out of rich people.



    You seem to have conveniently forgotten that most of those people paying no federal income tax are either paying payroll taxes or are retired. You also seem to have forgotten that Republicans voted for the extension too.

    And what do you mean liberals "don't like to hear" that it also cut middle class taxes? Why would that bother us?
    Of course Republicans voted for the extension, why wouldn't they...... but as I said .. had Obama and the Dem's done nothing, there was nothing the Rep's could have done the bill to extend those tax cuts was written and brought to the floor by the Dem's ....

    Because most if not all of liberals refer to those tax cuts as a tax cut for the rich, and nothing else .. hey don't get Me wrong .. I've always been "for" letting them all expire and I don't see why any liberal wouldn't be ... after all you want your greedy hands on all the money that would take from the rich don't you ???

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    Re: Obama Sets White House Meeting on Fiscal Cliff

    Quote Originally Posted by AdamT View Post
    They will simply end up kicking the can down the road another six months, unfortunately. But perhaps that will give them time to put in something like Bowles-Simpson, which makes sense over the long haul.

    The short term solution is obvious, assuming both sides are actually interested in compromise, as they claim. Obama and the Dems want the top Bush cuts to expire. Boehner (and presumably the Republicans *cough*) says he would accept revenue hikes, but he wants them through the elimination of deductions. So just split the difference. Cut the top Bush tax cut in half and make up the difference by reducing some deductions. Easy peasy.
    it wouldn't hurt either to come to the table with some spending cuts ..... now I mean cuts ... not a reduction of future spending just saying ..

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