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It's pretty shocking that there are still hard core lefties who blame those who warned of the problem that lead us to where we are. Was it the Tea Party who advocated spending more than we take in? I used to think the Tea Partiers were a little nuts, but they were clearly right on this issue. For those who think raising taxes is the answer please tell me the amount of revenue you expect to raise and the percent of the budget deficit you expect to reduce by raising taxes. I think if you answer the question honestly, you will find taxes aren't the problem, spending is.
in any event, the *** is up. The world has told the US to stop spending.
Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.
It's pretty shocking that there are still hard core lefties who blame those who warned of the problem that lead us to where we are. Was it the Tea Party who advocated spending more than we take in? I used to think the Tea Partiers were a little nuts, but they were clearly right on this issue. For those who think raising taxes is the answer please tell me the amount of revenue you expect to raise and the percent of the budget deficit you expect to reduce by raising taxes. I think if you answer the question honestly, you will find taxes aren't the problem, spending is.
in any event, the *** is up. The world has told the US to stop spending.
And yet Standard and Poor specifically said the inability of Republicans to compromise on tax increases is one of the main reasons they changed their views on this issue and downgraded.
But please, continue to let your liberal hate cloud your judgement when S&P themselves disagrees with you.
Compared with previous projections, our revised base case scenario now assumes that the 2001 and 2003 tax cuts, due to expire by the end of 2012, remain in place. We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.
Come on the time for this non sense is at an end. If you can't be honest now when can you be?
From your link.
"We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues?"
Before you wet your pants, yes I know they mentioned taxes. We have raised taxes in the past, but we have never had serious entitlement reform.
Come on the time for this non sense is at an end. If you can't be honest now when can you be?
From your link.
"We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues?"
Before you wet your pants, yes I know they mentioned taxes. We have raised taxes in the past, but we have never had serious entitlement reform.
I didn't say taxes were the only issue. S&P stated that both parties are to blame, however, they specifically called out Republicans for their unwillingness to compromise as one of the driving forces of their decision.
And yet Standard and Poor specifically said the inability of Republicans to compromise on tax increases is one of the main reasons they changed their views on this issue and downgraded.
But please, continue to let your liberal hate cloud your judgement when S&P themselves disagrees with you.
Again, it's time to stop the spin, here is the truth from your link.
"Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability."
Can you ever face the truth? You and your ilk will be less, and less relevant to the discussion going forward.
I didn't say taxes were the only issue. S&P stated that both parties are to blame, however, they specifically called out Republicans for their unwillingness to compromise as one of the driving forces of their decision.
Again, it's time to stop the spin, here is the truth from your link.
"Republicans and Democrats have only been able to agree to relatively modest savings on discretionary spending while delegating to the Select Committee decisions on more comprehensive measures. It appears that for now, new revenues have dropped down on the menu of policy options. In addition, the plan envisions only minor policy changes on Medicare and little change in other entitlements, the containment of which we and most other independent observers regard as key to long-term fiscal sustainability."
Can you ever face the truth? You and your ilk will be less, and less relevant to the discussion going forward.
Lol, Pot meet Kettle.
It appears that for now, new revenues have dropped down on the menu of policy options.
And why is new revenue not going to be addressed?
majority of Republicans in Congress continue to resist any measure that would raise revenues
"How are the Republicans primarily to blame for this?"
Because their inability to compromise on raising taxes are one of the primary reasons this happened.
So are the Democrats equally to blame for not accepting significant cuts in spending, to avoid raising taxes on the suffering working class? Haven't the workers already suffered enough thanks to the greed of corporate America, which keeps them working 60 to 80 hours a week while getting paid less and less? Haven't they already been empovrished by loss of housing and investment assets, a lousy job market that pays very little even if you have a job, massive devaluation of the dollars they are paid in and have saved/invested, higher and higher cost of living, etc?
Everyone knows government MUST cut its insane spending and borrowing. There is NO consensus, however, that taxes must be raised. For one thing, getting rid of the huge and 100% wasteful Defense/Offense and Endless War budget would leave plenty of money for the rest of federal spending (though other than Social Security and Medicare, citizens get NOTHING back from all that other endless wasteful spending).
And for another thing, even at 100% tax rates, Washington will still spend and borrow to bankruptcy and total collapse. Lets stop them before we are all bankrupted, just to give Washington another few years of insane and limitless spending.
If this is what it takes to make Congress understand the error of its ways. Maybe it will influence the electorate to take the action necessary to elect a Congress that will reduce government and federal spending.
Term limits at the ballot box.
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