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If the repubs just say NO, they are not working with the president.
If they COMPROMISE, the are blackmailing.
Holding unemployment benefits contingent upon extending tax-cuts is unprecedented. Neither party has ever, before last December, refused to extend unemployment benefits unconditionally in a bad economy.
There was no "compromise." This is Boner's own words: “We got 98% of what we wanted.” Getting 98% of what you wanted -- something we rarely get from our own spouses, is not compromise.
Every spending bill is paid for somehow, some way and usually far, far into the future.
One can only suck so much money out of the system before it implodes.
I'm surprised we've lasted this long already.
Tax cuts have always worked to create jobs? Really? I guess you think the recession began after George W. Bush left office. Unemployment jumped to 10% during the Reagan administration.
The same arguments on both sides-----new stories about impending layoffs everyday. No wonder why people are afraid to spend money and commit to buying new houses and cars.
In the meantime idealogy and dogma continue on both sides of the aisle in congress.
We have a massive debt problem that cannot absorb another mass infusion--agreed. Yet both sides need to get to the table and stop the jabbering and non stop pablum.
We have creative men and women on both sides of the political spectrum. Let them take a step forward and the sloganeers can sit down for awhile and observe.
Than maybe a creative solution and plan to create jobs and restore dignity can be negotiated.
Come on now----the percentage of Americans now upset with Congress is close to 90%. Lets lock key legislators in a room for a couple of days----provide room service and other amenities and get something down.
Enough already------both sides of congress should be embarrassed.
Tax cuts have always worked to create jobs? Really? I guess you think the recession began after George W. Bush left office. Unemployment jumped to 10% during the Reagan administration.
What history books do you read?
Nancy is correct. There is no economic evidence that cutting taxes has resulted in more jobs.
Below is information that I borrowed from Paul Krugman's blog (in quotes.)
"The Reagan tax cut, was signed in August 1981. Unemployment actually soared after that 1981 tax cut. TEFRA, which raised taxes, was signed in September 1982. So unemployment, which had been stable until Reagan cut taxes, soared during the 15 months that followed the tax cut; it didn’t start falling until Reagan backtracked and raised taxes."
"Of course, I don’t believe that correlation was causation: in fact, both job losses in 1981-2 and job gains thereafter were mainly the result of Federal Reserve policy, rather than tax changes. But it does underscore the fallacy that tax-cuts create employment."
Moving onto the Bush tax-cuts. "There were two main Bush tax cuts — EGTRRA, enacted in mid-2001, and JGTRRA, enacted in 2003.
Here’s the employment-population ratio, which gives a pretty good read on the state of the economy, and the timing of the two tax cuts."
"EGTRRA arrived in the middle of a recession, but that was an accident. It was devised in 1999, when the economy was booming, to defend Bush’s right flank against Steve Forbes. During the 2000 campaign, Bush sold it as a way of returning budget surpluses to the people, with not a hint that it had something to do with fighting recession. The recession story was an after-the-fact reinvention.
And EGTRRA didn’t seem to help all that much. Formally, the recession ended in late 2001, but most labor-market indicators continued to worsen into mid-2003.
JGTRRA, which mainly cut tax rates on capital gains and dividends, was followed by a real recovery. And the Bushies naturally claimed the credit. But the real source of the expansion was the housing boom, which had very little to do with the tax cut." But nevertheless didn't return employment to 2000 levels.
Holding unemployment benefits contingent upon extending tax-cuts is unprecedented. Neither party has ever, before last December, refused to extend unemployment benefits unconditionally in a bad economy.
There was no "compromise." This is Boner's own words: “We got 98% of what we wanted.†Getting 98% of what you wanted -- something we rarely get from our own spouses, is not compromise.
Politicians "compromise" on every issue whenever they agree on a final bill etc.
You are complaining about unemployment benefits. How long have we been paying them since Obama has taken office? We are in uncharted territory that we have never been in before. Many things are happening that have never happened before. Get used to it.
Tax cuts have always worked to create jobs? Really? I guess you think the recession began after George W. Bush left office. Unemployment jumped to 10% during the Reagan administration.
What history books do you read?
If you are going to make claims, include ALL the facts.
"Publication: Business Wire
Date: Friday, January 4 2008
More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent
The same arguments on both sides-----new stories about impending layoffs everyday. No wonder why people are afraid to spend money and commit to buying new houses and cars.
In the meantime idealogy and dogma continue on both sides of the aisle in congress.
We have a massive debt problem that cannot absorb another mass infusion--agreed. Yet both sides need to get to the table and stop the jabbering and non stop pablum.
We have creative men and women on both sides of the political spectrum. Let them take a step forward and the sloganeers can sit down for awhile and observe.
Than maybe a creative solution and plan to create jobs and restore dignity can be negotiated.
Come on now----the percentage of Americans now upset with Congress is close to 90%. Lets lock key legislators in a room for a couple of days----provide room service and other amenities and get something down.
Enough already------both sides of congress should be embarrassed.
Sometimes you can't reason with unreasonable people.
We have massive debt. We have a massive deficit. Obama has increased fed spending by about 24%.
The repubs have tried to get Obama and the dem controlled senate to cut spending. they agree to miniscule cuts that are never going to get us out of this financial dilemma.
Reid has refused to even submit a budget bill.
The repubs have asked for a Balance Budget bill, turned down.
If you are going to make claims, include ALL the facts.
"Publication: Business Wire
Date: Friday, January 4 2008
More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent
No don't you remember how the democrats were howling how horrible 5% unemployment was back then? That evil Bush was keeping folks from working. Of course they then claim what a great job Obama is doing when it's at 9%. All Bush's fault too of course.
In response to quick enough-----I agree we have unreasonable people----however, on both sides of the political spectrum.
There have been enough commissions on debt reduction already------Simpson-Bowles, the gang of six, Senator Colburns proposals ect ect.....
There are acceptable fulcrums on debt reduction to get started------some give and take is required by both sides.
I am not suggesting tax increases----however, revenue sources do need to be increased. Loopholes need to be closed and some escape hatches for those hiding money need to be blown up.
I am a moderate-----if there are going to be modifications made to entititlements, and people are going to required to endure some pain, than there can be changes made on loopholes and tax shelters.
Plenty of sound roadmaps have been outlined by the previous commissions that I have sited-----it is time for the President and the Congressional legislators to cut the warfare and dancing.
This nation and the international community are looking to our leaders to get going----respond firmly, but fairly on debt reduction, and come up with a plan to alleviate the damage caused to our citizens who are without jobs.
Are we waiting for the bridge to collapse before we fully the realize the catastrophic implications of both debt, and unemployment.
Forget the super committee of 12 which has minimal chance of success.
Go back to the drawing board and lets draw from all the past plans-----than throw the proposals on the table and either televise the negotiations on c span or have it documented totally to see who is now obstructing and why----and let the American people decide.
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Tax cuts have always worked to create jobs? Really? I guess you think the recession began after George W. Bush left office. Unemployment jumped to 10% during the Reagan administration. 
