Reps. may have forced obama to do the smart thing and focus on economy...

[tonymctones]

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...

[Soul Crusher]

He did the right thing on taxes.

[Soul Crusher]

insane people 

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9707501

[Soul Crusher]

http://www.huffingtonpost.com/2010/12/06/obama-tax-cut-compromise_n_792776.html#comments

[Straw Man]

insane people 

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x9707501

why are you linking to some poster on another board?

[Soul Crusher]

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


 

[Fury]

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.

[Soul Crusher]

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. 
 

[Soul Crusher]

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. 

[MCWAY]

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.

[Soul Crusher]

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.   

[225for70]

The longest voyage began's with a single step....

Perhaps, Obama has finally seen the light...

[Straw Man]

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

[Soul Crusher]

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   

[Straw Man]

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.

[Soul Crusher]

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. 

[Straw Man]

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.

[Soul Crusher]

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 ...

 

[Straw Man]

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

[225for70]

According to the graph straw boy posted the RePUbicAnus appeared to have raised the deficit way more than republicans.

[Straw Man]

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)

[Soul Crusher]

 

[Soul Crusher]

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. 

[Straw Man]

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)

[Soul Crusher]

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.