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What did the GOP reps say? After all, they approved it with smiles on their faces? They have approved the raises every time a Repubican has asked for them, and apparently they oppose them when a Democrat requests for it. What does that tell you?
Back when deficit spending was $100-$300 billion a year, it was not so bad, now we spend over $100 billion in deficits each month, so attitudes towards deficit spending and accumulating debt have changed.
Well, they broke it down to separate parties involved.
And then they didn't say why they were disappointed.
I'm disappointed with Republicans because they haven't show any serious interest in cutting spending. That doesn't mean I approve of the increased spending the Democrats would implement, but I didn't send Democrats to DC to do a job. I sent Republicans there to do that.
What is going to happen is nothing is going to get cut and the debt ceiling will be raised just like it has in the past.
Then they say they'll just work on the budget and do the cuts there. But we never saw a 2010 budget so this can will also just get kicked down the road.
Just wait and see. There's only 15 days left. There's no way you can detail a plan with viable cuts to happen almost immediately to cover our shortfall..it's impossible. No one in DC knows how to cut or approach cutting. Geithner is using pension money right now to pay government bills.
So, they'll just raise the ceiling high enough that this won't come back to make headlines til after 2012 elections.
What is going to happen is nothing is going to get cut and the debt ceiling will be raised just like it has in the past.
Then they say they'll just work on the budget and do the cuts there. But we never saw a 2010 budget so this can will also just get kicked down the road.
Just wait and see. There's only 15 days left. There's no way you can detail a plan with viable cuts to happen almost immediately to cover our shortfall..it's impossible. No one in DC knows how to cut or approach cutting. Geithner is using pension money right now to pay government bills.
So, they'll just raise the ceiling high enough that this won't come back to make headlines til after 2012 elections.
As the President wanted, the Debt Ceiling should not be an issue. Spending and taxes, yes, in separate negotiations. If some cuts do wind up included, so be it, but I think you are correct, the Debt Ceiling will be a clean raise. Once the politicos have milked all the campaign clips of their rhetoric, they will sign it.
Back when deficit spending was $100-$300 billion a year, it was not so bad, now we spend over $100 billion in deficits each month, so attitudes towards deficit spending and accumulating debt have changed.
It was not so bad? They DOUBLED the national debt. That is "not so bad"?????? It was the road to disaster, and now we are paying the price. It was bad then and it is bad now.
And then they didn't say why they were disappointed.
I'm disappointed with Republicans because they haven't show any serious interest in cutting spending. That doesn't mean I approve of the increased spending the Democrats would implement, but I didn't send Democrats to DC to do a job. I sent Republicans there to do that.
Same here. I voted "R", and they gave me a bag full of #@!!$%
Too funny, please post a link, and Obama saying so doesn't count.
Quote:
Nearly three quarters of those surveyed in a new poll by The New York Times and CBS News said they would approve of increasing taxes on households earning $250,000 or more a year to bring down the deficit, while just 24% said they disapprove of this step.
As the President wanted, the Debt Ceiling should not be an issue. Spending and taxes, yes, in separate negotiations. If some cuts do wind up included, so be it, but I think you are correct, the Debt Ceiling will be a clean raise. Once the politicos have milked all the campaign clips of their rhetoric, they will sign it.
Just about everyone agrees we need to raise the debt ceiling for the short term, until we can cut the budget and spending sufficiently.
As to raising taxes, keep in mind that the Bush tax cuts are due to expire, and 0bamaCare adds billions in tax increases, so we will have dramatic tax increases soon enough. 0bama just wants to add even more taxes on top of the close to 8% tax hikes we will see in the very near future.
The current top federal rate of 35% is scheduled to rise to 39.6% in 2013 (plus one-to-two points from the phase-out of itemized deductions for singles making above $200,000 and couples earning above $250,000). The payroll tax is 12.4% for Social Security (capped at $106,000), and 2.9% for Medicare (no income cap).
So, for a family in high-cost California taxed at the top federal rate, the expiration of the Bush tax cuts in 2013, the 0.9% increase in payroll taxes to fund ObamaCare, and the president's proposal to eventually uncap Social Security payroll taxes would lift its combined marginal tax rate to a stunning 58.4%.
We have some huge tax increases on the way, so why is 0bama acting like we need more tax increases? We could slash 20% of government spending just by eliminating the increases 0bama created since he took office.
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