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Thread: As Debt Limit Reached, Agreement Still Far Off .

  1. #171
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by liblady View Post
    i'm for a balanced approach
    Let's go step by step with your post here and see if that is true, shall we?

    and that does include cuts to entitlement programs,
    Not a lot of courage to proclaim that now is there? Of course entitlements have to be cut, or go bankrupt all together.

    along with a tax hike on those making over 150k, or hell, even 100k.
    Why not everyone? wouldn't that be more balanced than the class warfare exhibited in your statement?

    we need to provide incentives for companies to create new jobs (maybe green energy?),
    Incentives? you mean subsidies? I thought that was a terrible thing? Or is it only ok for liberal pet projects that would never succeed on their own?

    and find ways to discourage outsourcing.
    Let me guess....

    perhaps raising taxes on those corporations who employ a significant number abroad.
    how did I know that? God, do you even understand why companies outsource in the first damn place?

    institute tariffs on imports.
    I am really surprised that you didn't shoot for the trifecta, adding price controls here as well...do you think that there may just be some unintended consequences to tariffs?

    bring back inheritance tax, it really affects very few people.
    Horrible idea. it affect few people eh, like farmers? What makes liberals believe that it is ok to continue to steal money after death?

    up the cap on social security earnings.
    Ok, and agreement.....Hell remove the cap all together.

    eliminate fraud and waste....(ha...ha).
    I note the ha, ha. And agree that this is an empty promise.

    most of all, get the **** out of afghanistan and iraq......and cut our aid to other countries.
    Obama spent more than those two wars in one year that it took Bush to spend in 8.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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  2. #172
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by American View Post
    Well Bush didn't tell them the truth on all this stuff. He lied to them and didn't give them correct intelligence or tax analyses; so they got tricked into voting for all this ****. You can't blame the left, they trusted Bu..., uh er they .... well why did they trust Bush? Didn't they have staffs to comb through the Bush lies?
    Right. Bush gave a headfake to all those poor hapless democrats...even though most of them had been in on intel meetings for the 8 years of the Clinton presidency. So...ya gotta admit...that boy was a lot more clever than they gave him credit for or liberals in this country elected an entire congress full of democrat dumb****s.

  3. #173
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by liblady View Post
    i'm for a balanced approach, and that does include cuts to entitlement programs, along with a tax hike on those making over 150k, or hell, even 100k. we need to provide incentives for companies to create new jobs (maybe green energy?), and find ways to discourage outsourcing. perhaps raising taxes on those corporations who employ a significant number abroad. institute tariffs on imports.

    bring back inheritance tax, it really affects very few people. up the cap on social security earnings. eliminate fraud and waste....(ha...ha). most of all, get the **** out of afghanistan and iraq......and cut our aid to other countries.
    Discourging outsourcnig has been happening for some time now. We used to have a significant outsourcing operation and was in the process of making a much larger commitment to outsourcing. Instead, due to the developing business climate, we shut down our USA operations and I know many other companies that have ceased outsourcing to the USA.

    .

  4. #174
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by VanceMack View Post
    When you own the House, Senate, and White House and still pass tax cuts, then it is no longer the 'Bush Tax Cuts"...its the Democrat Tax Cuts.

    Geezus...its so ****ing laughable that the partisan hack liberals here attack Bush's intelligence on a regular basis, yet admit that he ****ed the democrats in the ass for 8 years and apparently made them do things they didnt want to do (like vote for tax cuts, vote to go to war, etc). Meanwhile with a massive majority in the house and a solid majority in the senate (What did Bush have...a 1 vote majority (tie goes to the VP)) Obama was apparently held hostage by republicans. Oh wait...thats right...there were conservative democrats that voted against his crap too...my bad.
    A majority of Democrats voted against the tax cuts to the rich while a majority of Republicans voted for them!
    Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb

  5. #175
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by Catawba View Post
    A majority of Democrats voted against the tax cuts to the rich while a majority of Republicans voted for them!
    Im trying to remember...who was in charge of the house and senate...hmmmm...I know it was either the democrats or the republicans...and then...there was that guy that signed it...he was...was...dangit...its right there...think dammit think....

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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by Catawba View Post
    A majority of Democrats voted against the tax cuts to the rich while a majority of republican voted for them
    we know

    that's why we were sent to washington (and lansing and madison and harrisburg and st paul and talahassee...) in record numbers

    we also remember that president barack the slasher hussein---whose senate has STILL failed to produce a budget and according to finance chair baucus will probably NOT be able to write up anything this year either---pusillanimously PUNTED the bush/obama/clinton/mcconnell/boehner tax cuts until new years eve

    Commentary: Congress punts on Bush tax cuts, middle class | McClatchy

    leadership, anyone?

  7. #177
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    What is the difference between what will happen in August if we don't raise the debt ceiling, and what will happen a few years from now if we don't cut spending?
    (avatar by Thomas Nast)

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    Re: As Debt Limit Reached, Agreement Still Far Off .

    According to a CNBC report, debt ceiling negotiations may be focused on a smaller increase aimed at avoiding a possible 8/2 default, but sufficient only until about February 2012. As per my thoughts in #167, if this report is accurate, it may suggest very deep divisions that currently present a barrier for a larger debt ceiling increase.

  9. #179
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by danarhea View Post
    This is not the time for political ideologues and a "my way or the highway" approach. The economic health of the United States of America is at stake here, and while the US scrambles in a battle to avoid default on the debt, a battle which is uncertain, I consider whoever fiddles while our economy burns to be traitors.

    Right now, this has turned into a battle between Wall Street and the crazies who have hijacked the Republican Party. The way I see it, if Republicans want to destroy their own party, they are on the right track to do it. But destroying America's economy, because they are not getting what they want at this time, is a morally reprehensible act, which will have dire consequences. Time to be responsible. If you (and I am talking to the jihad wing of the GOP here) want to act like babies and brats, you should do it on your own dime, and not that of your country. Just agree to raise the debt limit, and then feel free to engage in your ideological war later, during the 2012 election campaign. This is neither the time nor the place for it.

    Article is here.
    The virus of HIV Socialism is the root cause of our rot, and the only way to get on track is to reign in government. Slash, gash and cut the pig. Wrest power from the feds and return it to the states where it belongs. Of course those who paid into the Ponzi Schemes need have their contributions honored... and then phase out the idiocy.

    Libs are the ones that need to bend. The country has been prodded enough by these loons. The R's should stand, educate and fight. If they go down... so be it. Let the Lib morons take the final step and destroy the country. My bet is people won't allow it... and 2010 illustrated it fairly clearly.

    .
    Last edited by zimmer; 05-25-11 at 09:15 AM.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  10. #180
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    Re: As Debt Limit Reached, Agreement Still Far Off .

    Quote Originally Posted by zimmer View Post
    My bet is people won't allow it... .
    IMO, the public is far behind the curve when it comes to understanding the nation's long-term fiscal challenges. The prevalent attitude is 'do something about the debt, but don't touch Social Security, Medicare, and Medicaid.' The idea that the nation's fiscal challenges can be addressed without reforming the programs most responsible for the long-term imbalances is akin to a belief that a magician can make the debt simply disappear.

    Medicare accounts for the largest share of the nation's long-term imbalances. Paul Ryan has offered one approach. The recent health care law offered another. Unfortunately, neither approach actually addresses the underlying problem that Medicare's rapidly rising costs result not only from its own structural shortcomings, but from a system that has a chronic excessive cost growth problem. The industry, specifically the hospital system, is highly uncompetitive in a financial sense and, arguably in a outcomes per cost sense, too. The hospital sector is an inflation generator.

    Since the beginning of 2000 (through the April 2011 CPI report), the average annual increase in key inflation indices was:

    CPI: 2.6%
    Core CPI (excludes food and energy prices): 2.0%
    CPI excluding Medical Care: 2.5%
    Medical Care: 4.1%
    Medical Care Commodities: 2.9%
    Medical Care Professional Services: 3.3%
    Medical Care Hospital and Related Services: 6.7%

    Put another way, overall Medical Care prices rose 1.56 times faster than overall consumer prices and 1.62 times faster than all consumer prices excluding medical care. Hospital and related services rose 2.58 times the rate of overall consumer prices and 2.67 times the rate of all consumer prices excluding medical care. In short, fundamental health care reform that dramatically restructures the nation's hospital system will be essential to addressing the chronic excessive cost growth problem. The present cost trajectory is not sustainable. It will push the U.S. toward a long-term fiscal crisis. That crisis could be amplified on account of a combination of excessive government debt and excessive household debt (household deleveraging appears to be ending or have ended recently).

    Whether Medicare services are rationed via a Board (as set forth in the health care law) or via vouchers that rapidly lose purchasing power, won't necessarily address that problem given the relative inelasticity of demand for such services. Indeed, given Congress' inability to implement extremely small cost savings that are already part of existing law, it is highly unlikely that Congress would accept either rationing approach. Instead, the Board's decision would be waived as happens regularly concerning phsyician fees payments or the vouchers would be increased in size beyond what had been envisioned. If so, the nation's long-term fiscal challenges would continue to mount.

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