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Getbig Main Boards => Politics and Political Issues Board => Topic started by: tonymctones on December 06, 2010, 03:14:57 PM
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http://content.usatoday.com/communities/theoval/post/2010/12/obama-tries-to-deal-on-george-w-bush-tax-cuts/1
"A temporary extension of the tax cuts that Bush signed into law is at the heart of talks between Obama aides and members of Congress,"
its about damn time this pos focus on whats important and do something to help the economy as opposed to chasing agenda points while harming the economy...
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He did the right thing on taxes.
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insane people
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9707501
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http://www.huffingtonpost.com/2010/12/06/obama-tax-cut-compromise_n_792776.html#comments
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insane people
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9707501
why are you linking to some poster on another board?
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why are you linking to some poster on another board?
Its instructive to see how different people are reacting to this.
For once he does the right thing and you loons on he let are going nuts.
Even on HP they are in complete meltdown.
http://www.huffingtonpost.com/2010/12/06/unpopular-bush-tax-cuts_n_792625.html
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Its instructive to see how different people are reacting to this.
For once he does the right thing and you loons on he let are going nuts.
Even on HP they are in complete meltdown.
http://www.huffingtonpost.com/2010/12/06/unpopular-bush-tax-cuts_n_792625.html
Hahaha, that comments section is great. So many delusionites living in fairy-tale land.
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Hahaha, that comments section is great. So many delusionites living in fairy-tale land.
I really don't understand these people.
If the deal was to keep the tax rates, cut spending, and earmark the money solely for debt and deficit reduction, I could live with that.
However, we all know that was never going to happen and the govt just piss the money away somewhere else.
Bama did the right thing here and those on the far left should STFU about it.
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Unbelievable how insane these idiots are.
http://www.huffingtonpost.com/2010/12/06/obama-tax-cut-compromise_n_792776.html#comments
Hey you idiot libs - if you want to pay more in taxes - feel free to do so.
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Its instructive to see how different people are reacting to this.
For once he does the right thing and you loons on he let are going nuts.
Even on HP they are in complete meltdown.
http://www.huffingtonpost.com/2010/12/06/unpopular-bush-tax-cuts_n_792625.html
You ain't lying. I was on there yesterday, BEFORE the official announcement hit and they were going BONKERS.
After last night, they completely LOST IT.
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Look, when he does the right thing, I will say so. And he did the right thing, those lunatics on the left need to STFU already and go away.
Now - if they can get bama to rework some stuff on bamacare, etc etc, I will give him props too.
I said from day 1, and anyone can look it up - if Obama was wedded to the far left - i would be a disaster.
If he is his own man and does the right thing and tells the far left to fuck off,. he would be ok.
He spent the first two years on the far left with pelosi and reid, and lets see where we go from here.
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The longest voyage began's with a single step....
Perhaps, Obama has finally seen the light...
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I assume all Repubs on this site are fine that this "deal" will add 900 billion to the national debt over the next 2 years.
Given that it's an extension of the status quo it will be interesting to see what happens with unemployment during the next 2 years
I assume if unemployment continues to stay the same or get worse we won't hear 333 bitching about it and blaming Obama
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I assume all Repubs on this site are fine that this "deal" will add 900 billion to the national debt over the next 2 years.
Given that it's an extension of the status quo it will be interesting to see what happens with unemployment during the next 2 years
I assume if unemployment continues to stay the same or get worse we won't hear 333 bitching about it and blaming Obama
Straw - tell me how it "ADDS" 900 Billion to the deficit considering the tax rates have remained the same for the last 10 years?
Its pure speculation at best
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Straw - tell me how it "ADDS" 900 Billion to the deficit considering the tax rates have remained the same for the last 10 years?
Its pure speculation at best
I assume you're aware we run our country at a defict each year and which adds to the cumulative national debt
the total deal is worth 900 billion and it's going to be paid for with borrowed money
http://www.nytimes.com/2010/12/07/us/politics/07cong.html?_r=1
The package would cost about $900 billion over the next two years, to be financed entirely by adding to the national debt, at a time when both parties are professing a desire to begin addressing long-term fiscal imbalances.
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Parts of it add to th debt like the payroll tax cut and UE, but you are assuming that the govt would take in an additional 90 billion a year if the rates go back up and that is pure speculation.
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Parts of it add to th debt like the payroll tax cut and UE, but you are assuming that the govt would take in an additional 90 billion a year if the rates go back up and that is pure speculation.
That 900 billion not 90 billion
I assume you're aware that the Bush Tax cuts are estimated to have cost about 2.5 trillion from 2001 to 2010.
Since you're aware we run our country at a deficit where do you think we got that 2.5 trillion to pay for those cuts in revenue?
http://crooksandliars.com/susie-madrak/study-bush-tax-cuts-cost-more-twice-m
The tax legislation enacted under President George W. Bush from 2001 through 2006 will cost $2.48
trillion over the 2001-2010 period. This includes the revenue loss of $2.11 trillion that results directly from the Bush tax cuts as well as the $379 billion in additional interest payments on the national debt that we must make since the tax cuts were deficit-financed.
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Again - you are assuming a certain level of revenue as a result of raising the rates. The problem is spending not tax revenue.
BTW this is not a done deal yet.
________________________ ________________________
Fears Grow That Tax Deal Could Be Torpedoed, As Durbin Says Democrats Could "Walk Out"
Business Insider ^ | 12/07/2010 | Joe Weisenthal
Remember we don't have a deal on taxes yet. We have a "framework" for a tax deal that needs to be scored by the CBO and then, of course, voted on.
And there are definitely fears that the framework could be blown up by angry Democrats.
Remember, the deal was cut between Obama and the GOP, without any real sign that Congressional Democrats played much of a role. So there are egoes to worry about.
Sen. Dick Durbin, who voted for the Deficit Commission's recommendations, has already said Democrats could "walk out."
Virginia Senator Mark Warner was on CNBC this morning talking about how he didn't necessarily want to support the deal unless there were triggers to ensure there would be a focus on deficit reduction.
(Excerpt) Read more at businessinsider.com ...
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Again - you are assuming a certain level of revenue as a result of raising the rates. The problem is spending not tax revenue.
BTW this is not a done deal yet.
the only "unknown" is the gross revenue # which will be taxed at a higher rate. Just like you don't know your income from year to year it's impossible to know what the tax revenue will be from year to year.
what we know for an undeniable fact is that we're running our country at a deficit so any lost tax revenue will be financed with borrowed money (which is how we paid for the Bush tax cuts from 2001 to 2010).
333 - I'm honestly suprised you don't know this
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According to the graph straw boy posted the RePUbicAnus appeared to have raised the deficit way more than republicans.
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According to the graph straw boy posted the RePUbicAnus
what does that graph tell you (which has been posted many times on this board already)
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;)
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what does that graph tell you (which has been posted many times on this board already)
It tells you hat it does not contain who controlled the congress in those times.
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;)
nice chart
did you notice the last year the deficit went down
did you notice the increase in debt and deficit each year during Bush Admin
Something bad must have been happening with the economy from late 2007 thru the present
any idea what that might have been (I'm sure you'll rationally consider the fact that Obama didn't even take office until early 2009 and was working under Bush's budget for most of that year)
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nice chart
did you notice the last year the deficit went down
did you notice the increase in debt and deficit each year during Bush Admin
Something bad must have been happening with the economy from late 2007 thru the present
any idea what that might have been (I'm sure you'll rationally consider the fact that Obama didn't even take office until early 2009 and was working under Bush's budget for most of that year)
I blame the congress for than the poutus for spenduing issues.
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what a crock of shit strawman is spouting off about...
how much of that income comes back in some other form straw? you ASSume none???
LOL 2 different issues brain child....
FIRST AND FOREMOST as I know you are an obamabot you need to be reminded is the ECONOMY!!!!!!
whats going to stimulate the economy more, letting ppl keep more money or the govt taking more money?
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LOL also just heard on CNN that the 900 billion number the dems and straw are throwing around include the middle class tax breaks that the dems want as well as the benefits ext's the dems want as well...
hmmmm blaming the reps for all of it???
seems pretty shady obama like ;)
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what a crock of shit strawman is spouting off about...
how much of that income comes back in some other form straw? you ASSume none???
LOL 2 different issues brain child....
FIRST AND FOREMOST as I know you are an obamabot you need to be reminded is the ECONOMY!!!!!!
whats going to stimulate the economy more, letting ppl keep more money or the govt taking more money?
why don't you tell us "how much of that income comes back in other forms"
since this package maintains the status quo that we've had for the last 10 years (among other things that it also does) maybe you can also explain how this will create jobs. Since many on here also belly ached that the stimulus didn't create jobs and increased the deficit maybe you can also expalin how maintaining the status quo will create jobs now (or stimulate the economy) when it didn't do it in the last 2 years or the last ten years.
I think it's great that this plan will create jobs, "bring income is some other form (I assume you mean to the government) and create jobs.....I just don't know how that is going to work. Please enlighten us all
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LOL also just heard on CNN that the 900 billion number the dems and straw are throwing around include the middle class tax breaks that the dems want as well as the benefits ext's the dems want as well...
hmmmm blaming the reps for all of it???
seems pretty shady obama like ;)
When did I ever say that 900 billion didn't include the middle class tax cuts?
It includes all that stuff as well as extension of unemployment benefit, changes to the estate tax (remember there was zero estate tax this year - did that create any jobs or stimulate the economy?), lowers payroll tax etc....
It does all those things and we get to pay for it by borrowing the money.
Assuming you understand that you and other Repubs can spare us all the bitching and moaning about the deficit because we know that you don't really care about the deficit at all
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Realistically we are doomed, regardless of who or what is in power. We are in decline, whether we like it or not. Only doing a complete 180 MIGHT stop it.