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.
President Barack Obama proposed a debt-cutting plan on Wednesday that calls for $4 trillion in deficit reduction over 12 years, along with an automatic trigger for spending cuts and tax increases if targets to rein in the deficit aren’t met.
While calling for an additional $2 trillion in spending cuts beyond his most recent budget, the president proposed no new tax or revenue proposals, though he stood by his long-stated plan to allow the Bush-era income tax rates to expire. That approach may dampen some Republican criticism of him but is certain to anger liberals who object to additional cuts in government services without parallel tax hikes.
President Barack Obama proposed a debt-cutting plan on Wednesday that calls for $4 trillion in deficit reduction over 12 years, along with an automatic trigger for spending cuts and tax increases if targets to rein in the deficit aren’t met.
While calling for an additional $2 trillion in spending cuts beyond his most recent budget, the president proposed no new tax or revenue proposals, though he stood by his long-stated plan to allow the Bush-era income tax rates to expire. That approach may dampen some Republican criticism of him but is certain to anger liberals who object to additional cuts in government services without parallel tax hikes.
President Barack Obama proposed a debt-cutting plan on Wednesday that calls for $4 trillion in deficit reduction over 12 years, along with an automatic trigger for spending cuts and tax increases if targets to rein in the deficit aren’t met.
While calling for an additional $2 trillion in spending cuts beyond his most recent budget, the president proposed no new tax or revenue proposals, though he stood by his long-stated plan to allow the Bush-era income tax rates to expire. That approach may dampen some Republican criticism of him but is certain to anger liberals who object to additional cuts in government services without parallel tax hikes.
wow obamy would TRY to cut 4 trillion over a 12 year span..meaning 1 trillion every three years.....meanwhile we a CURRENTLY, in this current year 1.5 trillion in DEFICIT above what we bring in
cut EVERYTHING back to 2004 levels (about 20-25%)
he should be cutting 15 trillion in the 12 year span...liberals never get it...its the spending
President Barack Obama proposed a debt-cutting plan on Wednesday that calls for $4 trillion in deficit reduction over 12 years, along with an automatic trigger for spending cuts and tax increases if targets to rein in the deficit aren’t met.
The plan fails on this note. You cant tie future Congress into actions...
Quote:
Originally Posted by Dragneel
While calling for an additional $2 trillion in spending cuts beyond his most recent budget, the president proposed no new tax or revenue proposals, though he stood by his long-stated plan to allow the Bush-era income tax rates to expire.
The ones he JUST renewed proclaiming it would help spur economic growth? Btw, this IS a tax increase..
Quote:
Originally Posted by Dragneel
That approach may dampen some Republican criticism of him but is certain to anger liberals who object to additional cuts in government services without parallel tax hikes.
EVEN IF this were to be followed through it'll only be derailed sooner rather than later by the next war or such which more monies would be needed if politics in DC remain the same.
We need vast changes in the way DC does its business and a President who solely cares FIRST AND FOREMOST for its citizens instead of monies going offshore for any other things which doing so we'll see plenty of monies to pay for things within the US of A IMO.
wow obamy would TRY to cut 4 trillion over a 12 year span..meaning 1 trillion every three years.....meanwhile we a CURRENTLY, in this current year 1.5 trillion in DEFICIT above what we bring in
cut EVERYTHING back to 2004 levels (about 20-25%)
he should be cutting 15 trillion in the 12 year span...liberals never get it...its the spending
Dont you love how Democrats double the size of government spending, and then propose a small 10% cut, and then they get away with calling it a cut...
"In January 2009, the national debt stood at $10.6 trillion. Fueled by the so-called stimulus, this debt grew by $3.6 trillion in just two years. The magnitude of this amount is difficult to grasp without a comparison. Under Mr. Obama, government has been borrowing $4.6 billion each and every day."
"As of the end of 2010, the total worth of all American billionaires is $1.3 Trillion. We could take ALL their worth, not just high taxes, but ALL their WORTH; and it wouldn't dent our national debt. It wouldn't even pay this year's deficit! And if we did take their money to pay some of this year's deficit, what would we we do next year?"
It's just terrible how Obama takes advantage of the poor Repubs. They are being forced to stand for wealthy tax cuts, while pushing the burden on seniors and destroying medicare. Gee, I wonder who will win this argument? Obama to win again.
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.
