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Old 12-01-2012, 04:20 PM
 
Location: Littleton, CO
20,894 posts, read 13,714,157 times
Reputation: 3949

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Quote:
Originally Posted by malamute View Post
Obama's plan was nothing but a joke -- a poor attempt at humor or something by Obama.
Oh... I assure you. It was very, very serious.

And it remains the only offer currently on the table.

Where is the Republican counter?

Tick-Tock boys and girls. The cliff approaches.
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Old 12-01-2012, 04:23 PM
 
Location: Littleton, CO
20,894 posts, read 13,714,157 times
Reputation: 3949
Quote:
Originally Posted by BigJon3475 View Post
Um, if there were no negotiations on the table what did Obama and Boner (snickers) talk about?
Don't know, don't care. The Obama plan is still the only offer on the table.

Quote:
Originally Posted by BigJon3475
Where did Obama get the idea that he could submit an unlimited debt ceiling and stimulus in his proposal?
I'm more curious where you got the idea. Because neither are in his proposal.

Quote:
Originally Posted by BigJon3475
Obama has commissioned, well, a commission and appointed people who have told him exactly what he should be doing to change the course of insolvency for the U.S. and yet he ignored them all the way through it.
You mean the commission that Ryan was a member of and then voted against? That one.

Obama's offer is on the table. Where oh where is the Republican counter?
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Old 12-01-2012, 04:27 PM
 
Location: Barrington
46,442 posts, read 34,298,578 times
Reputation: 15466
Quote:
Originally Posted by malamute View Post
If in 1960, $2 billion was spent on some program and the population is double what it was, then $4 billion. Programs added that caused the budget deficits should just be shut down -- if we didn't need them in 1960, then we don't need them now.
Alrighty then....

Top tax rate was 91%
Capital Gains tax was 25%
There was no such thing as Medicare/Medicaid and most common welfare programs
The earned income tax credit did not exist.
Defence spending that year was insignificant.

Easy enough to balance the budget and make huge progress toward retiring the national debt. What time does your flight leave for DC?
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Old 12-01-2012, 04:30 PM
 
27,903 posts, read 34,550,916 times
Reputation: 4032
Quote:
Originally Posted by malamute View Post
Obama's plan was nothing but a joke -- a poor attempt at humor or something by Obama. It didn't contain any real spending cut and in fact was more big spending increases. They laughed at it -- but it wasn't all that funny of a thing to pull at a time like this.
Quote:
Originally Posted by HistorianDude View Post
Don't know, don't care. The Obama plan is still the only offer on the table.


I'm more curious where you got the idea. Because neither are in his proposal.


You mean the commission that Ryan was a member of and then voted against? That one.

Obama's offer is on the table. Where oh where is the Republican counter?
Quote:
He proposed appropriating an additional $25 billion in stimulus spending, above the current baseline, for six years, with $50 billion in fiscal 2013 alone. Along with that, the Treasury secretary called for an extension of expanded funding for unemployment benefits totaling $30 billion, and another $25 billion for the so-called doc fix.


In addition, Geithner proposed a government mortgage refinancing plan, though details remain unclear.
Geithner also took the unusual step of proposing an end to congressional approval of debt ceiling increases. Under his plan, according to a senior Senate GOP aide, the president would have the authority to unilaterally raise the debt ceiling at any time. Congress could pass a resolution of disapproval, but it would require a two-thirds vote of both chambers to pass, and could still be vetoed.
Geithner?s fiscal cliff offer: Obama wish list - Steven Sloan and Joseph J. Schatz - POLITICO.com

By the way that's a typo and it should be $225 billion not $25 billion as you can easily see in the math.
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Old 12-01-2012, 04:30 PM
 
47,573 posts, read 60,822,291 times
Reputation: 22283
Quote:
Originally Posted by HistorianDude View Post
Oh... I assure you. It was very, very serious.

And it remains the only offer currently on the table.

Where is the Republican counter?

Tick-Tock boys and girls. The cliff approaches.
Proposing to spend much more at a time when spending cuts need to be made is a joke.
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Old 12-01-2012, 04:31 PM
 
Location: Littleton, CO
20,894 posts, read 13,714,157 times
Reputation: 3949
Quote:
Originally Posted by malamute View Post
Proposing to spend much more at a time when spending cuts need to be made is a joke.
Bad news, brosif. No joke.

So... where's the Republican counter?
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Old 12-01-2012, 04:32 PM
 
Location: Barrington
46,442 posts, read 34,298,578 times
Reputation: 15466
Quote:
Originally Posted by malamute View Post

Proposing to spend much more at a time when spending cuts need to be made is a joke.
Thiis is negotiating 101. Where's the counter offer?
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Old 12-01-2012, 04:33 PM
 
Location: Littleton, CO
20,894 posts, read 13,714,157 times
Reputation: 3949
Quote:
Originally Posted by BigJon3475 View Post
By the way that's a typo and it should be $225 billion not $25 billion as you can easily see in the math.
Was there supposed to be a response in there to something I wrote?

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Old 12-01-2012, 04:33 PM
 
27,903 posts, read 34,550,916 times
Reputation: 4032
Quote:
GOP aides say Treasury Secretary Tim Geithner presented an offer calling for $1.6 trillion in new tax revenue over the coming decade, extending the 2 percentage point payroll tax deduction or something comparable to it and $50 billion in stimulus spending on infrastructure projects.

The White House plan calls for $960 billion over the coming decade by increasing tax rates and taxes on investment income on upper-bracket earners and $600 billion in additional taxes. Republicans view the offer as a step backward with the fiscal cliff – an economy-rattling set of automatic spending cuts and tax increases – looming at years' end.

The only new spending cuts in the plan would come from administration proposals curbing health care programs by $400 billion over the coming decade and modest cuts from non-health programs like farm subsidies and cutting Postal Service costs and through higher fees on airline tickets. The plan would also boost spending by extending unemployment benefits for the long-term jobless, deferring looming cuts to Medicare payments to physicians and helping homeowners refinance "underwater" mortgages..

The aides said that Geithner also requested the equivalent of a permanent extension of the government's borrowing ability to avoid wrangling over the issue as in last year's summertime crisis over raising the so-called debt limit.
Fiscal Cliff 2012: Republicans Say White House Proposes $1.6 Trillion In New Tax Revenue, New Stimulus, Elimination Of Debt Ceiling
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Old 12-01-2012, 04:34 PM
 
47,573 posts, read 60,822,291 times
Reputation: 22283
Quote:
Originally Posted by middle-aged mom View Post
Alrighty then....

Top tax rate was 91%
Capital Gains tax was 25%
There was no such thing as Medicare/Medicaid and most common welfare programs
The earned income tax credit did not exist.
Defence spending that year was insignificant.

Easy enough to balance the budget and make huge progress toward retiring the national debt. What time does your flight leave for DC?
Because of the many loopholes, no one actually paid 91% of their income in taxes.

Most common welfare programs are only leading to higher rates of poverty and in 1960 we were the wealthiest nation on the planet -- without all those welfare programs that are making us poor.
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