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Thread: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Objective Voice View Post
    I don't use any federal entitlement program - not welfare, not Medicaid, not unemployment, I don't live in a HUD home, I pay my own cell phone bill and I have private health insurance. Try laying that guilt trip on somebody else.
    If you run a grocery store or gas station in Huntsville you benefit greatly from the government teet. That town is full of federal tax dollars.

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Republic Now! View Post
    Well, and spending rates increase with economic growth as well.
    Not necessarily, no. Spending rates are indexed for both inflation and population growth in order to form estimates of future budgetary propositions. The two figures in coordination are used merely as guidelines and actual appropriations can be altered at will.
    Last edited by a351; 12-31-12 at 11:52 PM.

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Rocketman View Post
    more of the same from the democrats, lets pay people to sit at home on the asses for another year instead of expecting them to go back to work.
    I didn't see anything in the fiscal cliff summary deal that extended unemployment benefits. So, until we learn that that was made part of the deal I don't see how folks can make such a claim.

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Objective Voice View Post
    I didn't see anything in the fiscal cliff summary deal that extended unemployment benefits. So, until we learn that that was made part of the deal I don't see how folks can make such a claim.
    It was on the news tonight, extended unemployment benefits for another year....woo hoo

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Rocketman View Post
    If you run a grocery store or gas station in Huntsville you benefit greatly from the government teet. That town is full of federal tax dollars.
    WhooHoo! Then the small business my wife and I plan to open later this year is right on point!!

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Rocketman View Post
    It was on the news tonight, extended unemployment benefits for another year....woo hoo
    I'll keep a watch out for it. Kinda sucks, but...

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    We just need a deal badly

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by Dickieboy View Post
    I’m having trouble with the bolded above. Say the annual GDP is $16t and a GOOD annual growth rate is 5%. This would equate into an annual GDP increase of $800b. Historic taxation rates have run around 18.5% REGARDLESS of the rates/deductions thus this ‘growth’ would equate to an annual revenue increase of $148b…our annual DEFICIT has been running north of $1t…this wouldn’t cover the latter Bush years when the DEFICIT was running around $400b.
    How do you think we went for $400B (which is not the correct number, its more like $641B) to $1.2T? Its not because we suddenly increased spending. Its because revenues essentially evaporated with the recession. We went from $1.85T in income tax receipts in 2008 to $1.4T in 2009, a difference of $450B in tax receipt shortfall caused by the recession. Add to that $100B in unemployment benefit increase and you are talking about $550B in deficits caused almost exclusively by the recession. Fix the recession and you fix most of the deficit.

    See table 1.1 from the Budget for each of these numbers. Take note of the revenue fall-off from 2008 to 2009.

    Budget - Summary of Receipts, Expenditures and Deficits.jpg

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by TurtleDude View Post
    if we had jacked taxes up or kept the clinton tax hikes in place when Bush came into office what do you think would have happened to the post 9-11 economy

    and why did obumble adopt the bush tax rates

    Obummer's job increase was far worse than Bush's

    and giving the government more money is just plain idiotic
    liberal-total-private-jobs-worldview-september-2012-data.jpg

    Obama's jobs record: Better than Bush's - Sep. 18, 2012

    Report: Job losses less under Obama than Bush - The Politics Blog - The Olympian - Olympia, Washington news, weather and sports

    You are wrong on Bush 2 jobs numbers !

    Furthermore Obama never liked Bushes tax rates. They were bad for the country Bush 2 took a ten year 7 trillion dollar surplus and turned it into a 5 trillion dollar debt.
    Obama did what was best for the country in the worst finacial mess since the great depression.

    You say you want the debt and defict gone yet you do not want to give the government money? You have to understand you can just cut your way out of it that is not rational thought at all. Like I pointed out in my earlier post the way to fix the problem is there and niether party wants to do it.

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    Re: Obama, Republicans reach deal on fiscal cliff; Senate vote expected tonight

    Quote Originally Posted by TurtleDude View Post
    we do know that you want people wealthier than you to pay more

    so if you aren't sucking from the public tit, then why do you want others to have to put more milk in that tit
    That's simple: To help pay down the national debt and get our deficit under control.

    I get the GOP ideological mindset that says that the best way to pay down the debt is to have more people working thus paying into the Treasury via federal income taxes, but since unemployment is still high and we know that spending cuts alone won't solve the problem AND the only class of wage earners who have made money during the recessionary period has been the wealth/investor-class, it makes sense that those who CAN afford to pay more now should do so.

    You can't tell me that all those millionairs and billionairs who contributed BILLIONS to both Pres. Obama, Mitt Romney, as well as every other congressmen and Senator who was up for election/re-election couldn't have put that money to better use by either paying higher wages or re-investing back into their businesses when "consumer confidence" was the problem that stiffled consumption. SuperPACs be damned!

    So, I really don't want to hear that the wealth-class is having financial problems or that you're somehow being treated unfairly. Spare me you sorrow.

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