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Thread: Obama: I'll cut $4 trillion

  1. #231
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by pbrauer View Post
    I you buy U.S. bonds are they assets or IOU's?
    They are assets but try spending one at the grocery store, they have to be converted to cash and where is the cash coming from? Is your house an asset. Are your stocks and bonds assets? Have you ever tried to spend your house, stocks, and bonds to buy things that you need?

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    Re: Obama: I'll cut $4 trillion

    The historic $38 billion in budget cuts resulting from at-times hostile bargaining between Congress and the Obama White House were accomplished in large part by pruning money left over from previous years, using accounting sleight of hand and going after programs President Barack Obama had targeted anyway.

    The details of the agreement reached late Friday night just ahead of a deadline for a partial government shutdown reveal a lot of one-time savings and cuts that officially "score" as cuts to pay for spending elsewhere, but often have little to no actual impact on the deficit.

    As a result of the legerdemain, Obama was able to reverse many of the cuts passed by House Republicans in February when the chamber approved a bill slashing this year's budget by more than $60 billion. In doing so, the White House protected favorites like the Head Start early learning program, while maintaining the maximum Pell grant of $5,550 and funding for Obama's "Race to the Top" initiative that provides grants to better-performing schools.
    My Way News - Budget tricks helped Obama save programs from cuts

    spending IS the slasher

    know the man

    so called cuts are called out by the ASSOCIATED PRESS (you really think americans don't notice?) as funding "unspent," "unused," "leftover" appropriations which "can't be spent because of restrictions set by other legislation," such as "not repeating a one time infusion..."

    the slasher is a charlatan, all can see

    where's the leadership?

    courage?

    accountability?

    candor?

    know the man, he reveals himself every day, an empty suit housing a heart of hate for half this country

  3. #233
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    Harry Guerrilla's Avatar
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by justabubba View Post
    no one has suggested taxing such that the government takes the entirety of wealth of billionaires
    but when we look back at 2000 when the shrub arrived on the scene, the government was throwing off a surplus
    and dicknbush decided it was time to place the government into a deeper accumulated national deficit instead by reducing the tax burden primarily on the wealthy
    that is much of what put us in today's fiscal conundrum
    which is why we should now undo such stupidity
    taxes are the lowest they have been in over a half century
    do not mistake this to presume that spending should not be shaved. just as the deficit commission has presented, the solution involves increasing revenues while also decreasing expenditures
    Obama, to his credit, echoed that when noting that republicans will express opposition to collecting more taxes while democrats will object to trimming government spending - especially for safety net programs
    the reality is, the proposal of the deficit commission should be adopted

    please again note that no one has come close to suggesting that the government appropriate the total wealth of every billionaire. stuff that straw man
    It's not a straw man, it's just pointing out that retarded and moronic idea that you can generate sufficient revenue from adding 2-3% to the taxes that the highest income households pay, it's not gonna cut it.

    If there aren't any large spending cuts to the big 3, Medicare, Medicaid and defense, you're aren't really doing anything but kicking the can.

    One serious question to all liberals who do not support spending cuts to Medicare, why were those cuts ok when he passed the ObamaCare bill?
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Harry Guerrilla View Post
    It's not a straw man, it's just pointing out that retarded and moronic idea that you can generate sufficient revenue from adding 2-3% to the taxes that the highest income households pay, it's not gonna cut it.

    If there aren't any large spending cuts to the big 3, Medicare, Medicaid and defense, you're aren't really doing anything but kicking the can.

    One serious question to all liberals who do not support spending cuts to Medicare, why were those cuts ok when he passed the ObamaCare bill?
    As I recall, just letting the Bush tax cuts expire would account for somewhere around 75% of the budget shortfall. 1

    So yes, and once again, tax revenues are part of the equation concerning debt/surplus. Changing the tax rate would generate more revenue and closing loop holes would generate even more. Like every issue we face, it's not black and white, one or the other, do this or die. We can adjust the tax rate and still cut a lot off fat off. It's a win/win situation.
    Ted Cruz is the dumbest person alive.

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by whysoserious View Post
    As I recall, just letting the Bush tax cuts expire would account for somewhere around 75% of the budget shortfall. 1

    So yes, and once again, tax revenues are part of the equation concerning debt/surplus. Changing the tax rate would generate more revenue and closing loop holes would generate even more. Like every issue we face, it's not black and white, one or the other, do this or die. We can adjust the tax rate and still cut a lot off fat off. It's a win/win situation.
    How does letting all the Bush tax cuts affect the economy and growth? Think you put people back to work by increasing taxes on people who spend money? What does raising the taxes on the rich do to charitable giving? Stop buying what you are told and think about how tax increases affect you and thus the economy. Do you spend more or less when you have less take home pay?

  6. #236
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by whysoserious View Post
    As I recall, just letting the Bush tax cuts expire would account for somewhere around 75% of the budget shortfall. 1

    So yes, and once again, tax revenues are part of the equation concerning debt/surplus. Changing the tax rate would generate more revenue and closing loop holes would generate even more. Like every issue we face, it's not black and white, one or the other, do this or die. We can adjust the tax rate and still cut a lot off fat off. It's a win/win situation.
    So you're in favor of raising taxes on everyone?

    Well I consider what is palatable for the average person, of course most people don't get that ending the "Bush tax cuts for the wealthy," means that everyone will have their taxes raised.
    Because the Bush tax cuts were for everyone, not just the wealthy.

    The other big problem is curbing the growth of medicare, that won't necessarily be covered by increase tax rates.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Obama: I'll cut $4 trillion

    there's just no there there

    his base buys it, they back barack the slasher's baiting

    but normal neds and nells need ANSWERS

    not nothings, not divisions

    and the presidential SPLITTER is gonna have americans at each others' throats for the next 2 years

    leadership, anyone?

    President Barack Obama is outlining a deficit reduction plan Wednesday that calls for deep Medicare and Medicaid spending cuts, but through a stronger independent Medicare board and a new Medicaid funding formula rather than the structural changes Republicans want.

    The rest of his plan relies on a number of cost-cutting devices — some new, some old — that avoid asking for sacrifices from nearly all of the seniors and low-income people who rely on the health care entitlement programs.

    Obama is setting a new goal of saving $340 billion in Medicare and Medicaid costs over 10 years, and $480 billion by 2023, with another $1 trillion in savings in the decade after that, according to a fact sheet released by the White House.

    But he would do it in part by beefing up the Independent Payment Advisory Board, one of the least popular parts of the health care law among most Republicans and some Democrats — as well as provider groups that fear the cuts it would recommend. The idea of expanding the board is unlikely to gain traction in Congress any time soon, especially since it assumes that Republicans would end their efforts to repeal or defund the law.

    He’d also move to a single federal Medicaid matching rate for the states, a change with uncertain implications for states, which now receive a variety of different levels of federal help.

    Overall, Obama’s plan calls for reducing the deficit by $4 trillion in 12 years, backed up by a “debt failsafe” provision that would make across-the-board spending cuts if the debt hasn’t stabilized by 2014 — but not to Medicare, Social Security or low-income programs.

    Obama hopes to use the new Medicare and Medicaid plans to draw a contrast with the Republican budget plan outlined by Rep. Paul Ryan, arguing that there are ways to cut spending without forcing seniors and poor people to pick up the costs.

    But in doing so, he also rejected some of the biggest money-savers proposed by his own bipartisan fiscal commission, led by Alan Simpson and Erskine Bowles, that would force Medicare beneficiaries to share any of the sacrifices.
    President Obama: I'll fix health care my way - David Nather - POLITICO.com

    any PLAN that isn't a PLAN that fails to address medicare premiums, enrollment qualifications, retirement age and the states' desperate status relative to medicaid is all SHAM

    and all responsible americans know it

    barack the slasher hussein is a POSER

    in times like these, his INACTION is a DISGRACE

    when americans most expect LEADERSHIP he openly presents POLITICS

    worse, the inevitable outcome of the pusillanimous punter's approach---health care RATIONING

    seeya at the polls, progressives

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by whysoserious View Post
    As I recall, just letting the Bush tax cuts expire would account for somewhere around 75% of the budget shortfall.

    Like every issue we face, it's not black and white, one or the other, do this or die. We can adjust the tax rate and still cut a lot off fat off. It's a win/win situation.
    fine, tell harry to WRITE IT UP

    tell him to HURRY

    tell him to WAKE UP biden and get that COMMITTEE crunchin

    confidence, anyone?

  9. #239
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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Conservative View Post
    Obama is a leftwing ideologue who believes in a large central govt. and the nanny state. I believe he knows exactly what he is doing and that is destroying the foundation upon which this country was built.
    He's been very lucky. The media has a lot to do with this. Oh, he's an ideologue, that's definite. You have to figure he's got the black vote, the sniff, sniff, poor. A lot of the MC thinks they're poor, but there are still some smart people who know what he's doing. I hope to God they come out to vote.

    He does want to change everything because he thinks he's smarter than everybody. Did you see the group he was addressing about who needs SUV's. Nobody has that many kids. Some guy said he had ten. Obama was so condescending. He didn't know what to say. I can bet Obama probably had a Cadillac Escalade before he got elected. (cough, cough)
    "It's not that I'm afraid to die, I just don't want to be there when it happens." Woody Allen.

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    Re: Obama: I'll cut $4 trillion

    Quote Originally Posted by Marilyn Monroe View Post
    He's been very lucky. The media has a lot to do with this. Oh, he's an ideologue, that's definite. You have to figure he's got the black vote, the sniff, sniff, poor. A lot of the MC thinks they're poor, but there are still some smart people who know what he's doing. I hope to God they come out to vote.

    He does want to change everything because he thinks he's smarter than everybody. Did you see the group he was addressing about who needs SUV's. Nobody has that many kids. Some guy said he had ten. Obama was so condescending. He didn't know what to say. I can bet Obama probably had a Cadillac Escalade before he got elected. (cough, cough)
    He is best identified as a Community Organizer/Activist/Agitator certainly NOT a leader and has no business as President of the United States. His campaign speech yesterday was nothing but arrogance run amuck

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