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Obama is offering 3 trillion in cuts and 1 trillion in new revenue. Of course the current crop of spoiled brats in control of the House couldn't accept a deal that gave them 75% of what they want, so they are throwing a hissy fit just as this thread highlights.
This 3 trillion in cut is in the future. 300 billions a year, and this 300b is not the actual, it is increase 300b less per year.
For example. This year's budget say 1.5 trillion, if there is a 300 billion cut, next year's budget would be 1.2 trillion. But for Washington, the next year budget will increase to 2 trillions from 1.5 trillion, a 300 billions cut from 2 trillion will be 1.7 trillion. A net increase of 200 billions. This is what Washington mean cut in the futures.
To our friends on the left which Obama are you voting for? the tax cutter or the tax raiser? Notice Obama thinks the 2% cut in pay roll taxes drives up more consumer spending and is part of the engine to economic growth. Is Obama a hypocrite against himself?
Apparently.
For the *******s who are clueless about economics, how exactly does a new business start-up, or an existing business expand? That's an important question, since job creation is dependent on new business start-up or expansion
It receives capital in the form of cash investments from investors.
It does not receive capital investment from Joe Consumer.
Quote:
Originally Posted by Winter_Sucks
Obama is offering 3 trillion in cuts and 1 trillion in new revenue.
Why would you lie about something like that?
He's offering $3 TRILLION in budget cuts over 10 years.
That amounts to a measly $300 Billion in budget cuts each year. Unfortunately, he intends to continue to deficit spend $1+ TRILLION each year, so the net result is a ballooning National Debt which will impair the ability of the US to finance its debt and result in a recession (much sooner than you think).
Great strategy.
Quote:
Originally Posted by Arjay51
Which is why he states that he must have a 4 trillion dollar rise in the debt ceiling and a trillion dollars in new taxes? All to take effect after the 2012 elections?
Obama is well aware that any reduction in spending of more than $500 Billion will result in a recession within 90-120 days.
That is why Obama said he will not compromise on the debt ceiling. He wants to the debt ceiling raised to save his ass from being labeled the worst president in US history by causing a recession.
That is why he said he will not tolerate a limited raise in the debt ceiling. If the Republicans give only a limited increase in the debt ceiling, then Obama has to go through this again in March.
He wants the freedom to spend his way into a recession during what he thinks will be his 2nd term.
Obama is offering 3 trillion in cuts and 1 trillion in new revenue. Of course the current crop of spoiled brats in control of the House couldn't accept a deal that gave them 75% of what they want, so they are throwing a hissy fit just as this thread highlights.
"Revenue" = tax increases. Which was a bad idea to do in a recession not long ago, but for political purposes they think is a great idea now.
Obama is offering 3 trillion in cuts and 1 trillion in new revenue. Of course the current crop of spoiled brats in control of the House couldn't accept a deal that gave them 75% of what they want, so they are throwing a hissy fit just as this thread highlights.
I have "heard" this before. Please post the details, if you can find them.
Obama has 2012 on lock. The only swing state he needs to win is Florida. The GOP lost the senior vote and Florida when they voted to privatize Medicare.
A president who submits a budget and can't get even 1 vote for it, 97 to 0, doesn't look a lock from where I sit.
Obama is offering 3 trillion in cuts and 1 trillion in new revenue. Of course the current crop of spoiled brats in control of the House couldn't accept a deal that gave them 75% of what they want, so they are throwing a hissy fit just as this thread highlights.
Is that $3 trillion over 10 years? If so, how does that impress us when he has been spending over $1.3 trillion a year in deficit? Since when did trillion dollar a year deficit spending become the excepted norm in America?
I have "heard" this before. Please post the details, if you can find them.
They're just 0bama drones, they are clueless and only repeat his daily propaganda.
This type of doublespeak crap comes from the same president who calls eliminating standard tax deductions, as "spending cuts in the tax code". Which only means that according to 0bama, all our income belongs to government, and letting us keep some of the money we earned is considered a government expenditure. This man is a true Marxist.
The damning evidence of his own words starting @ 5:35.
Does obama believe we are free and clear on the road to recovery? Is it way past time to exact his draconian leftist tax hike agenda on the American people.
Now remember, this tax hike is ON TOP OF the taxes he has already raised, including the massive increases in obamacare.
Let us all remember his similar sentiment when he was forced to sign the Bush tax rate extensions.
Yep, the leaches won't be happy until all their bills are paid for. THhey can't pay for their services, so it is only fair that someone pays the bills for them....
Ask someone to define fair share, and they can't. What % is fair, what absolute tax amount is fair? The loony left doesn't want to acknowledge that the high earners pay the majority of income taxes. Obama asking for taxes is simply reverting to his true nature and playing to his base....
Ever notice when someone says tax the rich, they don't define rich, and it is always someone making barely enough to be considered a higher wage earner - 250K.
remember that during the clinton years, the tax increase that clinton wanted was for everyone making over $50,000 per year, however everyone making over $10,000 per year got an increase in taxes. dont buy the "only those making more than x amount will see a tax increase" rubbish.
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