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Thread: Republicans aim to call Obama's 'bluff' on spending cuts

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    Re: Republicans aim to call Obama's 'bluff' on spending cuts

    Who cares who's "fault" it is. Complete and utter waste of time, blaming others. Of course the current occupier of the White House only knows how to do one thing, blame others. Bottom line, with as much demagoguing over a 2.4% reduction in the GROWTH of federal spending (as TTWTT78640 so accurately describes above) and not actual CUTS, the salient point is we will never avoid the real financial catastrophe hurtling our way. Think about it, we're speaking of about 85 billion when the yearly deficit is over a trillion. They pork filled a Sandy relief bill that amounted to almost this amount.

    Put a fork in America, we're done. The sooner the reset hits the sooner we can cease the nonsense of federal deficit spending and get to work on financial sanity.

    Batten down the hatches ladies and gentlemen it's going to be a rough couple of decades.

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    Re: Republicans aim to call Obama's 'bluff' on spending cuts

    Quote Originally Posted by sangha View Post
    Our "tool of the status quo" President is far from my favorite leader, but I have to admit that when it comes to politics, he sure knows his stuff

    He beat the hands on favorite (Hillary) in '08, and won re-election despite high unemployment and slow growth, and now he's running political circles around the woe-begotten GOP and all they can do is whine "it's not our fault. *HE* started it!"
    Yep. Obama is no fool, a very good liar, but certainly not a fool. Obama, with MSM help, has managed to make the 20% increase in federal spending (attained between 2007/8 and 2008/9) into "Bush" spending (even though demorats controlled congress then), thus becoming the Obama "baseline" and has us in a permanent "crisis mode" (waving that "pay as you go" nonsense) with federal spending at 24% of GDP and taxation at 17% of GDP running contant 40% deficts. When was the last spending bill subject to "pay as you go"?
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Republicans aim to call Obama's 'bluff' on spending cuts

    Quote Originally Posted by ttwtt78640 View Post
    Yep. The cuts are fake, yet the tax increases are real, thus Obama demands "balance"; for every $1 of not increasing spending he gets $1 of new tax revenue - brilliant!

    Where and when did the President put out a plan of $1 cut for $1 tax? I seem to remember a rather different statement.
    http://www.whitehouse.gov/sites/defa...ucketed_r8.pdf

    The CBO says the sequester will cut job growth by 750,000 jobs and reduce already dismal economic growth by 0.6 percent, but for some reason Republicans continue to rant on about how cutting government spending will create jobs - yeah, in some fantasyland they will.

    A few months ago, we had Paul Ryan and his plan to cut the deficit by "closing loopholes", less than two months past, Boehner said his plan for "closing loopholes" would increase federal revenues by $800 billion but for some strange reason, none of the Republicans would ever state just which "loopholes" they planned to close.

    http://www.politifact.com/truth-o-me...-name-one-tax/
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    Re: Republicans aim to call Obama's 'bluff' on spending cuts

    Quote Originally Posted by j-mac View Post
    This is all such bull! Obama came up with this sequester crap, because he couldn't negotiate honestly with the GOP on a debt ceiling increase some year and a half ago. Now, not only does he want to blame his idea on repubs dishonestly, but want's to use typical fear tactics to get his way...I am so tired of this tin pot wanna be, repubs should ram these cuts right down his throat, and use every chance to make sure that America knows it was HIS idea.
    So the whole sequestration idea didn't pass the House? Pretty sure that would require some GOP votes...


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    Re: Republicans aim to call Obama's 'bluff' on spending cuts

    Quote Originally Posted by Somerville View Post
    Where and when did the President put out a plan of $1 cut for $1 tax? I seem to remember a rather different statement.
    http://www.whitehouse.gov/sites/defa...ucketed_r8.pdf

    The CBO says the sequester will cut job growth by 750,000 jobs and reduce already dismal economic growth by 0.6 percent, but for some reason Republicans continue to rant on about how cutting government spending will create jobs - yeah, in some fantasyland they will.

    A few months ago, we had Paul Ryan and his plan to cut the deficit by "closing loopholes", less than two months past, Boehner said his plan for "closing loopholes" would increase federal revenues by $800 billion but for some strange reason, none of the Republicans would ever state just which "loopholes" they planned to close.

    PolitiFact | Obama says Republicans in Congress won't name one tax exemption they want to repeal
    Nice try, but the GOP says it is cutting taxes that creates jobs, not cutting spending......

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    Re: Republicans aim to call Obama's 'bluff' on spending cuts

    Quote Originally Posted by Somerville View Post
    Where and when did the President put out a plan of $1 cut for $1 tax? I seem to remember a rather different statement.
    http://www.whitehouse.gov/sites/defa...ucketed_r8.pdf

    The CBO says the sequester will cut job growth by 750,000 jobs and reduce already dismal economic growth by 0.6 percent, but for some reason Republicans continue to rant on about how cutting government spending will create jobs - yeah, in some fantasyland they will.

    A few months ago, we had Paul Ryan and his plan to cut the deficit by "closing loopholes", less than two months past, Boehner said his plan for "closing loopholes" would increase federal revenues by $800 billion but for some strange reason, none of the Republicans would ever state just which "loopholes" they planned to close.

    PolitiFact | Obama says Republicans in Congress won't name one tax exemption they want to repeal
    Closing "loopholes", Obama style, is simply a tax increase (targetted to "the rich"). Closing "loopholes", Ryan style, is always coupled with rate reductions - remaining revenue neutral.

    President Obama's "Balanced Approach" to Spending Cuts Means Tax Hikes

    Obama Weekly Address: "Spending Cuts Must Be Balanced With More Reforms To Our Tax Code" | RealClearPolitics

    Obama urges Congress to balance spending cuts, tax reform - Xinhua | English.news.cn
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Republicans aim to call Obama's 'bluff' on spending cuts

    Quote Originally Posted by Fisher View Post
    Nice try, but the GOP says it is cutting taxes that creates jobs, not cutting spending......

    Actually the GOP says doing both will increase jobs but would they increase the GDP? More people working for less money does not result in great increases in the economy.
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

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    Re: Republicans aim to call Obama's 'bluff' on spending cuts

    Quote Originally Posted by ttwtt78640 View Post
    Closing "loopholes", Obama style, is simply a tax increase (targetted to "the rich"). Closing "loopholes", Ryan style, is always coupled with rate reductions - remaining revenue neutral.
    Yes, because plans which increase tax revenue by $800B are "revenue neutral"
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    Re: Republicans aim to call Obama's 'bluff' on spending cuts

    Quote Originally Posted by ttwtt78640 View Post
    Yep. The cuts are fake, yet the tax increases are real, thus Obama demands "balance"; for every $1 of not increasing spending he gets $1 of new tax revenue - brilliant!
    Given inflation and population growth, yearly spending increases is most certainly a baseline.
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    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Republicans aim to call Obama's 'bluff' on spending cuts

    Quote Originally Posted by ttwtt78640 View Post
    Closing "loopholes", Obama style, is simply a tax increase (targetted to "the rich"). Closing "loopholes", Ryan style, is always coupled with rate reductions - remaining revenue neutral.

    President Obama's "Balanced Approach" to Spending Cuts Means Tax Hikes

    Obama Weekly Address: "Spending Cuts Must Be Balanced With More Reforms To Our Tax Code" | RealClearPolitics

    Obama urges Congress to balance spending cuts, tax reform - Xinhua | English.news.cn

    "revenue neutral" will not decrease the national debt.
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

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