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No Fiscal Deal Without Higher Tax Rates On Rich, Obama Says

Welfare by and large is nothing to the budget. So whining about 'welfare" is like being scared of a fly when you in the cage with a grizzly. Stupid.

However, as a member of the middle class, doing rather well, you may raise taxes on me. however, know that the middle class is the driver of the economy as we spend. Above us, not so much.

there are lots of handouts in the budget, most of them are of dubious constitutional merit. the middle class is the driver of big government spending. Until they start paying for what they use, the government's debt will get bigger and bigger because right now the middle class has the credit cards but does not pay the bills
 
there are lots of handouts in the budget, most of them are of dubious constitutional merit. the middle class is the driver of big government spending. Until they start paying for what they use, the government's debt will get bigger and bigger because right now the middle class has the credit cards but does not pay the bills

A good deal to business and wealthy. Much less to the poor and middle class. Only cuts to the big three are meaningful. Tell me who is going to touch them?
 
A good deal to business and wealthy. Much less to the poor and middle class. Only cuts to the big three are meaningful. Tell me who is going to touch them?

stop fibbing, the poor pay almost nothing for each dollar of direct government benefits they receive

the richest 2% pay hundreds of dollars for each direct dollar of government benefits
 
stop fibbing, the poor pay almost nothing for each dollar of direct government benefits they receive

the richest 2% pay hundreds of dollars for each direct dollar of government benefits

Focus on what I actually said. And do you know what the word investment means?
 
the dem party wins elections by spending the money of the few for the votes of the many

One fallacy at a time TD.

Now then you claimed Obama got wealthy by tax hikes.

What tax hikes?
And how did Obama get wealthy from these supposed tax hikes?
 
Yes, political support from the middle class was required to give you your temporary tax cuts that were advertised as necessary to create jobs. Since that did not result, there is no longer any reason for the working class to allow them. Especially since the temporary tax cuts have concentrated so much wealth at the top, there is not enough left for consumers to make our economy prosper.

You'll finally figure it out, after another election or two.

More than likely, not! We cannot afford to allow those that want something now but can't pay for it until next Tuesday comes along. To do anything but talk.

All one needs do is look at those Keynesian Economics play out in Chicago, L.A. and Detroit, Baltimore, New York.....huh? Actually out of 300 Worldwide cities and with the US having the Most 76 and not one of them recovering last year or the year before. Pretty much says it all about the Democrats and their ridiculous spending and waste. Even moreso since Obama declared the Recession over in 2009. The net result.....huh?

WASHINGTON (Reuters) - Retailers moving into old downtown buildings, an abundance of freshly planted greenspaces, and a stream of new jobs in Knoxville, Tennessee, are all signs to Mayor Madeline Rogero that for the last year prosperity has been blooming in her city.

Knoxville is a member of a very small club. Three and a half years since the 2007-09 economic recession ended, only three major U.S. metropolitan areas are experiencing an economic recovery, according to the Brookings Institution. <<<<<
rolleyes.png


The Washington-based research group has also deemed Dallas and Pittsburgh in recovery after analyzing their employment levels and gross domestic product per capita.

The United States has the most major metropolitan economies of all countries - 76 - according to an annual report on the 300 largest metropolitan economies worldwide that Brookings released on Friday.

"It was still better than last year when the U.S. had no metro recoveries," Brookings Associate Fellow Emilia Istrate said.

"People always want to know what metros are recovering, what they are doing, so they can replicate it. There is no single industry that can help, but there is an industrial structure that can help you grow year to year," she said. "More and more metropolitan areas are looking at the export sector, at foreign investors, at infrastructure."

Any improvements could take a while to impact budgets, said Christy McFarland, who researches fiscal issues for the National League of Cities.....snip~

Only three major U.S. cities see economic recovery: study - Yahoo! News

The 3 major cities in the US use to make up for over 1/4th of this nation's economy. California by themselves the 8th largest economy in the world. Since the Right cannot be blamed as they have not controlled such nor been in power therein. What excuse does the Democrats have for the Repeated failures they have been all along?

30 Republican States starting to prosper.....waasssssssssssssssssssssssup with the Rest?
rolleyes.png
427809_457689890948529_1440798947_s.jpg
 
Focus on what I actually said. And do you know what the word investment means?

Great Idea, lets talk about investment. who do you think does it more-you or me?
 
One fallacy at a time TD.

Now then you claimed Obama got wealthy by tax hikes.

What tax hikes?
And how did Obama get wealthy from these supposed tax hikes?

Obama got wealthy by winning elections. one of his major campaign promises was tax hikes
 
More than likely, not! We cannot afford to allow those that want something now but can't pay for it until next Tuesday comes along. To do anything but talk.

All one needs do is look at those Keynesian Economics play out in Chicago, L.A. and Detroit, Baltimore, New York.....huh? Actually out of 300 Worldwide cities and with the US having the Most 76 and not one of them recovering last year or the year before. Pretty much says it all about the Democrats and their ridiculous spending and waste. Even moreso since Obama declared the Recession over in 2009. The net result.....huh?

WASHINGTON (Reuters) - Retailers moving into old downtown buildings, an abundance of freshly planted greenspaces, and a stream of new jobs in Knoxville, Tennessee, are all signs to Mayor Madeline Rogero that for the last year prosperity has been blooming in her city.

Knoxville is a member of a very small club. Three and a half years since the 2007-09 economic recession ended, only three major U.S. metropolitan areas are experiencing an economic recovery, according to the Brookings Institution. <<<<<
rolleyes.png


The Washington-based research group has also deemed Dallas and Pittsburgh in recovery after analyzing their employment levels and gross domestic product per capita.

The United States has the most major metropolitan economies of all countries - 76 - according to an annual report on the 300 largest metropolitan economies worldwide that Brookings released on Friday.

"It was still better than last year when the U.S. had no metro recoveries," Brookings Associate Fellow Emilia Istrate said.

"People always want to know what metros are recovering, what they are doing, so they can replicate it. There is no single industry that can help, but there is an industrial structure that can help you grow year to year," she said. "More and more metropolitan areas are looking at the export sector, at foreign investors, at infrastructure."

Any improvements could take a while to impact budgets, said Christy McFarland, who researches fiscal issues for the National League of Cities.....snip~

Only three major U.S. cities see economic recovery: study - Yahoo! News

The 3 major cities in the US use to make up for over 1/4th of this nation's economy. California by themselves the 8th largest economy in the world. Since the Right cannot be blamed as they have not controlled such nor been in power therein. What excuse does the Democrats have for the Repeated failures they have been all along?

30 Republican States starting to prosper.....waasssssssssssssssssssssssup with the Rest?
rolleyes.png
427809_457689890948529_1440798947_s.jpg





I think I've got you, as incredible as it seems to the majority of us, you think we should double down on the policies that got us where we are today. Thank you for your valuable input sir!
 
Wealth is fungible, people make it, and people lose it every day. This is what the today's liberal doesn't understand. In 1980 there were 574,000 millionaires in the US. By 1988 that figure had more than doubled to 1.3 Million. Your imagined picture of the greedy rich man gaining his wealth from a static pie is just plain void of understanding.

The void I see is the gap between the rich and poor that is widening every day. It has happened before and the result was the Great Depression. The wealthy are blinded by greed and the fools don't realize they are bringing the house down on top of them. Their wealth has to come from somewhere or do you belleve they make it in their basement?

Most Americans below the upper echelon have suffered a decline in wealth in recent decades. The median household saw its net worth drop to $57,000 in 2010, down from $73,000 in 1983. It would have been $119,000 had wealth grown equally across households.

The top 1%, on the other hand, saw their average wealth grow to $16.4 million, up from $9.6 million in 1983. This is due in large part to the growing income inequality divide, as well as the sharp rise in value of stocks over the period.
Overall, the widening of the wealth gap in recent decades is due to two things, Shierholz said. The increase in income inequality means the wealthy have more to save and invest every year. Furthermore, the growth of Wall Street means that the rich, who are much more likely to own stocks, accumulated wealth even faster.

"The growth in wealth we did see got funneled to the top and it didn't spur faster growth in the middle," Shierholz said.





Wealthiest Americans have 288 times net worth of typical family - Sep. 11, 2012
 
I think I've got you, as incredible as it seems to the majority of us, you think we should double down on the policies that got us where we are today. Thank you for your valuable input sir!

Not at all.....otherwise I wouldn't be showing you specifically a problem that has existed in the country for at least a minimum of 60 years. Why you spread all that luv amongst the Republicans. As incredible as it may seem. Considering the facts show who was in power for those that controlled over 2/3rds of the nations Economy. Like I stated. you are welcome to present any and all rationals and excuses the Left has for their endeavors.

As I was talking about the lefts problems and not that of the Right who also went out on a Binge. The Binge although cannot compare to the Lefts track-record.
 
"President Obama today declared there would be no deal to avert the looming fiscal cliff unless Republicans agree to raise rates on the top 2 percent of income-earners."

I hope he stays firm on this. The wealthy can and should pay more!
 
so why was a plan that raised similar amounts of revenues rejected? why should no one else pay higher taxes but the 2%. If the revenue is that needed taxing only 2% of the voters more appears to be based on politics rather than truly a desire to raise more revenue.

You can afford it. Shut up and pay!
 
I hope he stays firm on this. The wealthy can and should pay more!

I hope he stays firm on this too. I hope the debt ceiling never gets raised. Enough is enough.
 
Not at all.....otherwise I wouldn't be showing you specifically a problem that has existed in the country for at least a minimum of 60 years. Why you spread all that luv amongst the Republicans. As incredible as it may seem. Considering the facts show who was in power for those that controlled over 2/3rds of the nations Economy. Like I stated. you are welcome to present any and all rationals and excuses the Left has for their endeavors.

As I was talking about the lefts problems and not that of the Right who also went out on a Binge. The Binge although cannot compare to the Lefts track-record.



The case was made in the presidential election campaign, and the people chose. Please try again next election. :cool:
 
Because they were NOT similar revenues. No such evidence was ever presented.


Code: Obama needs tax hikes on the wealthy because he has been engaging class warfare for four years. If he doesn't get specifically tax rate increases, then his own base like haymarket here will lambaste him....

Fundamentally, there is absolutely NO difference from $400 Billion coming into the government through deduction removal, or tax increase. They both raise the effective rate a person pays, so this is purely political BS.
 
The case was made in the presidential election campaign, and the people chose. Please try again next election. :cool:

So what he won? That doesn't mean you allow the inept to lead the country wherever they want to or just because they are in power. You must of forgot who has the purse strings.....huh?
 
The case was made in the presidential election campaign, and the people chose. Please try again next election. :cool:


I thought we elected Presidents here in America...I wasn't aware we now vote for Kings.
 
The case was made in the presidential election campaign, and the people chose. Please try again next election. :cool:

Indeed the people chose. What put Obama over the edge in this election was the laziness and stupidity of his own base. It should not be with boastfulness that you make this claim. It should be with solemn sadness. That the majority of people would rather have things provided to them for free- through the work of other people- that to earn it for themselves.

Take out all welfare recipients from the election- remove their right to vote- and we would have had an entirely different result. Of course the welfare people vote to continue the freebies.

BTW- you baited first.
 
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Here is what I think at this time Republicans should do...

1. Pass a bill in the House raising all rates except for the two middle rates. Keep those the same.

2. Send it up to Reid who will immediately kill it.

3. WALK AWAY from the table and vote "present" just like Obama has for most of his political career, and hang this hike, and the resulting recession around his, and the democrat's necks.
 
Fundamentally, there is absolutely NO difference from $400 Billion coming into the government through deduction removal, or tax increase. They both raise the effective rate a person pays, so this is purely political BS.
Hardly. One has to examine just who this new revenue will stem from and the immediate effect it will have on said individual's financial standing. An effective tax hike on an individual making $35,000 will have a much greater impact than that same hike on someone earning tenfold that amount. As will lets say, closing the Mortgage Interest Deduction versus Charitable deductions. Not all taxes and deductions are created equal, nor are consumers and their respective psyches.
 
So what he won? That doesn't mean you allow the inept to lead the country wherever they want to or just because they are in power. You must of forgot who has the purse strings.....huh?

Since 60% of Americans say let the tax cuts expire for the rich, I trust they will make the right decision, or, rightfully face the consequences in 2014. :cool:
 
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