Where are the Spending Cuts? (Pelosi, suspect, millionaires, examples)
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Obama wants to raise taxes on the rich, which will bring in about $82 billion, but then insists on another "stimulus" package of $299 billion for more give-away programs. That alone proves that this administration is solely about politics and power instead of solving the difficult economic issues and reducing the deficit.
America can ill afford to continue paying people not to work for up to two years at a time. Maybe it is time to reinstitute the CCC and WPA made famous by FDR.
Obama wants to raise taxes on the rich, which will bring in about $82 billion, but then insists on another "stimulus" package of $299 billion for more give-away programs. That alone proves that this administration is solely about politics and power instead of solving the difficult economic issues and reducing the deficit.
America can ill afford to continue paying people not to work for up to two years at a time. Maybe it is time to reinstitute the CCC and WPA made famous by FDR.
Actually, Obama's tax increases are $1.6 trillion over ten years. That's $160 billion per year. I have no idea what you are referring to as Obama's "stimulus" package of $299 billion. But even if that is based in fact, stimulus programs, by their very nature, are temporary and any temporary measure to boost the economy will increase employment and long-term tax revenues, which end up paying for the stimulus.
In any case, what have the Republicans offered?
Quote:
The veil lifted a bit when Senator Mitch McConnell, in an interview with The Wall Street Journal, finally mentioned a few things — raising the Medicare eligibility age, increasing Medicare premiums for high-income beneficiaries and changing the inflation adjustment for Social Security. But it’s not clear whether these represent an official negotiating position — and in any case, the arithmetic just doesn’t work.
...
But put it all together, and the things Mr. McConnell was talking about would amount to only a bit over $300 billion in budget savings — a fifth of what Mr. Obama proposes in revenue gains. source
Actually, Obama's tax increases are $1.6 trillion over ten years. That's $160 billion per year. I have no idea what you are referring to as Obama's "stimulus" package of $299 billion. But even if that is based in fact, stimulus programs, by their very nature, are temporary and any temporary measure to boost the economy will increase employment and long-term tax revenues, which end up paying for the stimulus.
In any case, what have the Republicans offered?
$82 billion of that is from expiring Bush cuts. Do you know where the other $80 billion is supposed to come from ?
I've looked and read and can't seem to find any details.
Actually, Obama's tax increases are $1.6 trillion over ten years. That's $160 billion per year. I have no idea what you are referring to as Obama's "stimulus" package of $299 billion. But even if that is based in fact, stimulus programs, by their very nature, are temporary and any temporary measure to boost the economy will increase employment and long-term tax revenues, which end up paying for the stimulus.
In any case, what have the Republicans offered?
The $299 billion was a typo. It should have been $200 billion, an extension of unemployment benefits and other giveaway programs. America can't tax it's way out of this economic hole,...nor can it spend its way to prosperity. There has to be cuts in spending,...and Obama is waiting for the Republicans to address the difficult choices of entitlements so he point his finger and cast blame.
This is Obama's economy. He's is our leader. It is his job to offer viable economic alternatives. After all, his plan calls for a tax increase of $1.6 trillion over 10 years, when his actions have grown the debt by almost that amount PER YEAR!!
Obama can't afford to lay out a fiscal plan that the Republicans might accept.
If he offered a plan that the Republicans accepted,.....then he wouldn't have anyone to blame if it failed.
Now,...we couldn't have that,...could we?
The only plan that republicans would except is everything that they want. This time Obama is not going to do that. If they want "MASSIVE" entitlement reform as they have been clamoring for the last few years, they should have something to offer him.
The $299 billion was a typo. It should have been $200 billion, an extension of unemployment benefits and other giveaway programs. America can't tax it's way out of this economic hole,...nor can it spend its way to prosperity. There has to be cuts in spending,...and Obama is waiting for the Republicans to address the difficult choices of entitlements so he point his finger and cast blame.
This is Obama's economy. He's is our leader. It is his job to offer viable economic alternatives. After all, his plan calls for a tax increase of $1.6 trillion over 10 years, when his actions have grown the debt by almost that amount PER YEAR!!
Does that really make sense?
Its called negotiations, he offers a proposal, now its up to the republicans to offer something. He offered medicare cuts for the republicans, but the republicans just laughed at him. Ok then, if that is not good enough for you, whats your number?
Its really starting to feel like the GOP put all their eggs in 1 basket, the election. They have been screaming for 2 years about entitlement reform. The reason why I say this is, Paul Ryan. He came up with a plan for Medicare reform, why aren't the republicans putting that on the table? they seem to be doing that, so if that plan wasn't good enough, where was the back up?
The Republicans talk a big talk but when it comes down to it, they are afraid to suggest any specific spending cuts. They want Obama to specify each cut so they can blame Obama should there be any criticism from the public.
Basically, the GOP are a group of cowards!
That would be the leadership running the party, but these cowards have plenty of fools fighting for them.
Quote:
Originally Posted by HappyTexan
$82 billion of that is from expiring Bush cuts. Do you know where the other $80 billion is supposed to come from ?
I've looked and read and can't seem to find any details.
Addressing loop holes and deductions.
(It helps to look rather than make a claim on it).
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