Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
The Republicans are waiting for President Obama to tell them what the Republican demands for cuts are, because apparently they don't know what they want (or more likely, lack the courage to actually put their ideas on the table). Their plan is to let Obama negotiate both sides for the GOP so they can then lay the entire result on the president. The problem for Republicans is that president isn't playing their game.
"Treasury Secretary Timothy Geithner shuttled among congressional leaders yesterday with a plan to trade $1.6 trillion in tax increases for $400 billion in unspecified entitlement program cuts, Republican congressional aides said."
And tell me, oh brilliant one, what is it exactly you expect to gain by "taxing the rich"?
See the green sliver?
It's exactly like arguing over a single deck chair on the Titanic.
If the wealthy "job creators" would bring up wages of the working class were they should be, we would have a tremendous increase of tax base.
Instead, these "job creators" took their tax breaks from the past ten years and literally squirreled this money in offshore tax havens such as that Mitt Romney used.
the fascist liberals want to raise the taxes on households making 250k+ (250k is still middleclass)
revenue is not the problem spending is
why are the fascist liberals NOT WILLING to talk about spending cuts
why are the fascist liberals wanting to DISCRIMINATE against one group
why are the fascist liberals not saying keep the tax cuts/credits for all, or let them expire for all
why have the globalist liberals done everything to drive jobs away from this country
why cant the liberal figure out that
Revenue has been a problem ever since the wages of the American people started dropping (less income to tax). The wages of the wealthy (top 5% has increased tremendously) yet they enjoy a low tax rate.
Exactly what federal spending do you think should be cut and would those particular cuts even make a dent in the deficit?
Revenue has been a problem ever since the wages of the American people started dropping (less income to tax). The wages of the wealthy (top 5% has increased tremendously) yet they enjoy a low tax rate.
Exactly what federal spending do you think should be cut and would those particular cuts even make a dent in the deficit?
revenue has not been a problem...look back at 2001...clinton/newt has a very close to ballenced budget..and revenue (even in this recession) is higher than 2001
what is killing us is SPENDING
let's look at 2008 to the present
from 2008 to present:
defense spending has increased 16%...... 593b to 673b (16% in 5 years or an average of less than 4% increase each year)( a reasonable level, 4% per year is reasonable)
medicare spending has increased more than 30%..... 386b to 505b(hmm 30% in 5 years..that's 6% a year... a little high, but still reasonable)
medicaid spending has increased 52%.... 201b to 310b (*11% a year).....medicare/ciad makes up over 800 billion of our spending (11% a year is UNREASONABLE)
ss spending has increased 20% ........ 612B to 730b....by fy2015 it is projected to be 890 billion....for fy2017 breaks the trillion mark 1.007 trillion
these are financial facts
I (and most economists) can understand increases of 3% to 6% per year....but we have seen many, many increases in the last 4 years that are way overboard
btw total between medcicare/medicaid and ss.......1.56 trillion.....total defense budget...673 billion
Not just that. They want a 50 billion dollar infrastructure bank, extension of the payroll tax cut, and extension of unemployment benifits. Something like 260 billion dollars. So they are basically taking the money from the tax hikes and tossing it right back into the kitty. Redistribution at it's finest.
That sounds terrible. I sure hope the Republicans don't cave into that.
Me too actually. That along with some well needed spending cuts. That's why I'm cheering for no deal to be made. Falling off fiscal cliff sounds better to me than anything the two parties will agree on.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
