Obama firm on tax rates amid Republican infighting

Comments (74)
Dragos111 wrote:

All the talk about whether or not to do tax hikes on the rich is nothing more than a smoke screen covering the real issue. The real issue is the amount of spending the government is doing. The tax increases they are talking about will not make much of a dent in our deficit. We need to look closely at cutting other things.

The Republicans are willing to go along with some revenue increasing programs. But, they want to see serious discussion of cuts in spending, too.

Come on, Obama. Get on the stick and start making some of the hard decisions. You are so lame acting the way you are.

Dec 03, 2012 8:05pm EST  --  Report as abuse
Obsilutely wrote:

Cutting the deficit right now would cause the economy to contract. Raise taxes on the rich, close their loopholes, and limit their deductions. In regards to the spending, cut the military budget and cut corporate welfare. Obama was willing to compromise but the Republicans said no. I hope we go over this cliff, the military gets way too much money and corporate profits are at record levels while workers wages are only getting lower. This is a recipe for a proletariat revolt (which I am really hoping happens).

Dec 03, 2012 9:55pm EST  --  Report as abuse
fromthecenter wrote:

Let it go over the cliff. They want increased revenue and spending cuts…. That’s what will happen. let it go let it go let it flow like a river

Dec 03, 2012 10:33pm EST  --  Report as abuse
Gigimoderate wrote:

Let the bush tax cuts expire as they were intended to. The dems can then put a sensible Permanent tax plan into place that would benefit the middle class, while decreasing spending and growing our economy. Yes that would include raising revenue.

Dec 03, 2012 11:26pm EST  --  Report as abuse
BigHurt wrote:

Obama is not an American leader. He cares absolutely nothing about his Presidential legacy. He has no plan other than to continue this chuck and jive routine as long as he can in order to create as much dissension amongst the people as possible. That is the real Obama.

Dec 04, 2012 1:17am EST  --  Report as abuse
Abulafiah wrote:

“Republicans proposed steep spending cuts on Monday”

Europe tried steep spending cuts too. It failed. Are Republicans unable to learn from experience?

Dec 04, 2012 2:57am EST  --  Report as abuse
borisjimbo wrote:

We’ve had those tax cuts for the “job creators” now for over ten years. Where are all the jobs, China?

Dec 04, 2012 4:05am EST  --  Report as abuse
LoveJoyOne wrote:

Yes, I agree with fromthecenter :

Let’s go off the cliff. The Republicons will lose the Bush era tax breaks. Fine by me. How could anyone be stupid enough to think it was ok to make drastic cuts in income tax rates and the same time you’re starting two wars?

In order to reinstate tax breaks for the rich, they’ll have to go through the Senate and withstand a presidential veto. No chance of that happening. I’d like to see rates go up progressively for those making $100,000 or more, not just from $250,000 or more.

Let’s do it. We don’t pretend there’s any possibility of compromise, when actually there isn’t. The Republicons don’t want to negotiate. They want “my way or the highway.”

I say, let them have the highway.

Dec 04, 2012 7:20am EST  --  Report as abuse
americanguy wrote:

Hey Boehner, go have some more drinks at the bar, and quit trying to destroy our country for your wealthy masters. Do all speakers of the house have to be flaming alcoholics?

Dec 04, 2012 7:32am EST  --  Report as abuse
Fairness101 wrote:

Yes, there is some cutting that needs to be done. The government is expensive and inefficient, and I am not talking about the receiving end of welfare programs etc., but the cost of executing these programs. Also, the first starting point should be that somebody making a minimum wage should not have to pay more, if any at all, taxes. The middle class, the ones driving the economy while working hard, should not see any increases in taxes. Corporate taxes are evaded heavily by consolidating profits offshore. Get rid of that. I also like to plan of 50K max for deductions, EXCEPT for charity (which should be unlimited). And cut the military. With all of this it should be necessary to increase any taxes on anybody.

Dec 04, 2012 7:46am EST  --  Report as abuse
BillDexter wrote:

The Democrats won the last election. The Republicans somewhat hold the house but Democrats and in particular President Obama won.

So now what? Tax increases. Okay, tax increases. For what? Bla bla bla budget! Bla bla bla middle class! Bla bla bla economy!

Right. That’s what the Democrats have always been worried about, right? Fiscal balance, right? Yeah, let’s cut military spending and raise taxes on the rich so we can, what, admit Obamacare is an unlimited budget overrun that will dwarf the S.S. and Medicare overruns? Hold the line on public sector union costs? Trim welfare, WIC food stamps etc. and wean career recipients off and back to productive employment?

Right. Everything the Democrats do is designed to increase government dependency. Give away other people’s money to buy votes for themselves. All the liberal lies and hyperbole are to indoctrinate the masses to a dysfunctional fantasy that money really just falls from the sky all day long but those evil private sector people always take more than their share.

“Revenge” President Obama said, right? Yeah, revenge.

Dec 04, 2012 8:05am EST  --  Report as abuse
ccharles wrote:

They are putting two seperate things together like they can deal with them both in one swoop. The bush tax cuts does have some other things in it then just tax cuts. The options are to extend them, not to extend them and rewrite your own. Cant cut up Bush tax cuts to your liking and say there you go. Use the bush tax cuts as a model and build your own.

Then they are acting like a law is neogotiable… the law is the Sequestration Transparency Act of 2012. This is a law. There are mandatory cuts that must be made. The white house could of went for specific cuts, but the deadline has passed for them to present that. The cuts are outline in the law. Its a law, now do they follow the law or not? And if the goverment dosnt have to follow the rules/laws, things are in bad shape.

Funny how i read now how medicare and SS are on the table. By the time the smoke clears everything we paid into all our lives will be gone, and everything that has made america great will be no more. We are well on our way. Nasa and the military seriously slashed. 2 icons of a great people in our civilization.

Dec 04, 2012 9:57am EST  --  Report as abuse
USAPragmatist wrote:

Bill Dexter, if, as you say ‘Obamacare is an unlimited budget overrun that will dwarf the S.S. and Medicare overruns’ Can you please explain why the CBO said if it was repealed completely it would ADD about 1 Trillion to the deficit? Whom am I to believe, some random nobody posting on the internet, or the CBO?

And then you go off on some fantasy conspiracy theory that Obama is out for ‘revenge’, people like you ARE the problem.

Dec 04, 2012 10:04am EST  --  Report as abuse
BillDexter wrote:

Why does the CBO say repealing Obamacare will cost a trillion? You’re asking why they said that? The answer is: because that’s the political sales pitch used to get it thru. Whom are you to believe? Well, you can believe the same people who say S.S. is solvent until 2040 if you want to believe them, but then what, Obamacare will be solvent in the same way? You see no pattern here?

And then I did not go off on any fantasy conspiracy theory at all. I did, however, quote the President. President Obama said “voting is the best revenge”. USAP, have you ever wondered what the revenge is? Care to explain?

Dec 04, 2012 11:58am EST  --  Report as abuse
Ralphooo wrote:

The Republicans should have been “infighting” years ago over their absurd policy positions. Apparently they never bothered to argue about the meaning of any of it before.

Dec 04, 2012 12:24pm EST  --  Report as abuse
Ralphooo wrote:

The Republicans should have been “infighting” years ago over their absurd policy positions. Apparently they never bothered to argue about the meaning of any of it before.

Dec 04, 2012 12:24pm EST  --  Report as abuse
Ralphooo wrote:

BigHurt, you mean “shuck and jive routine.” Not “chuck.”

But comparing Obama to some long-ago comedy routine by a black entertainer is not going to get you anywhere.

Dec 04, 2012 12:29pm EST  --  Report as abuse
Ralphooo wrote:

BigHurt, you mean “shuck and jive routine.” Not “chuck.”

But comparing Obama to some long-ago comedy routine by a black entertainer is not going to get you anywhere.

Dec 04, 2012 12:29pm EST  --  Report as abuse
ConradU812 wrote:

Abulafiah wrote: “Europe tried steep spending cuts too. It failed. Are Republicans unable to learn from experience?”

You’re comparing a group of socialist countries to a capitalist-based system. I realize the left wants nothing more than to have a socialist government here, but we ain’t there yet. The problem with Europe, and coming soon to America, is that the government is too big and the taxpayer base too small. “Draconian” cuts are inevitable when a society becomes too welfare dependent.

Right now, the IRS is auditing hundreds of thousands of middle income families, trying to squeeze more money from their ’10, ’11, and ’12 returns….and succeeding.

Dec 04, 2012 12:50pm EST  --  Report as abuse
SchWI wrote:

Honestly going over cliff might not be worse thing for the long term. Higher revenues and less spending, while the economy will contract some it might be worth it in the long run. The Dem’s don’t want to reform social programs while the Repub’s don’t want to raise taxes and no one wants to compromise. Both are going to have to happen over the long term and frankly this “cliff” is our best shot.

Dec 04, 2012 1:04pm EST  --  Report as abuse
chris87654 wrote:

ANYTHING prompts Republican infighting. Even if Mitt had won, they’d be fighting over fed cuts that shove the burden onto states – at the VERY least Republican governors would say all the costs saved by the fed should be cut from individual taxes so the states could take it to make up for shortfalls. We’re already seeing state, county, and local tax/fee increases to cover what states didn’t get from dried-up stimulus. Republicans talk a lot but really have no fiscal plans at all. At least we stopped Romney from spending another $880 billion per year on tax cuts and doubled defense spending (THANK YOU “urban” voters!!!)

Dec 04, 2012 1:11pm EST  --  Report as abuse
Rich_F wrote:

the democrats aren’t so stupid as not to know the tax the wealthy scheme barely dents the spending. this is nothing but an attempt to bully the republicans into signing onto tax increases so they can do more down the road. just watch folks as ever more deductions and writeoff’s go the way of the dinosaur to feed an insatiable spending appetite by our federal government. this is federalism in full force and that doesn’t bode well for american’s standard of living.

Dec 04, 2012 1:12pm EST  --  Report as abuse
chris87654 wrote:

I got MY barrel and am ready to go over the cliff !!! The drop in oil/gas prices will more than make up for my $600/year tax cut.

Dec 04, 2012 1:14pm EST  --  Report as abuse
chris87654 wrote:

I got MY barrel and am ready to go over the cliff !!! The drop in oil/gas prices will more than make up for my $600/year tax cut.

Dec 04, 2012 1:14pm EST  --  Report as abuse
flashrooster wrote:

Just curious, ConradU812, is there any country anywhere that you like? And don’t say the US because you’ll turn right around and criticize us, too.

Dec 04, 2012 1:14pm EST  --  Report as abuse
chris87654 wrote:

There’s always infighting… it died down for the election, but it’s only a matter of time before “conservatives” get into it again with “establishment, elite, mainstream, blue-blood, RINO, and knuckle-dragging” Republicans. This is the most divisive party ever – hopefully it will implode soon and some sane people (like Mitch Daniels and Jon Huntsman, Jr) rise from the ashes.

Dec 04, 2012 1:16pm EST  --  Report as abuse

republican rats abandoning the sinking ship of their ideology that is contrary to the will of the people.

Dec 04, 2012 1:17pm EST  --  Report as abuse
DHuopana wrote:

Since Reagan’s 1981 inauguration the debt has relentlessly grown from $930 billion to $16.4 trillion of postponed taxes. And, during that period Republicans relentlessly managed to keep enacting unaffordable tax cuts. Indeed, despite the over 30 years of tax-postponing, borrowing and debt-increasing budget deficits – and the approaching fiscal cliff – presidential candidate Romney promised to cut everyone’s tax rate an unaffordable 20 percent while also promising to increase military spending by an unaffordable $2 trillion.

Clearly, we have a fiscal cliff because our government of the world’s richest country has elected leaders who are either fiscal incompetents or are simply immoral by evading levying taxes to fund wars, corporate/business bailouts, etc. and passing the evolving huge debt to future generations to pay.

We the people need to demand that a compromise is only acceptable unless it is the first step of an aggressive, transparentt plan to balance the budget and cap the debt – and that initiates the tax increases that are required to both balance budgets and morally repay the debt of postponed taxes that have occurred during our lifetimes (I’m 84).

Only reducing the deficit is unacceptable when eliminating deficits is obviously critically required.

Dec 04, 2012 1:25pm EST  --  Report as abuse
saavedra wrote:

Republicans and their Bride of Chucky, the Tea Party are bereft of any Economic common sense. They want to pay down the Deficit? My eye. You can’t do it and not raise revenues. Ronal Reagan knew this when he raised taxes in 1983 to staunch the red ink, and we’ll have to do it again–unless you want to try and take a masticating bite out of Medicare, Medicaid, Social Security and the Military. Oh that’s right, they don’t want to touch the Military. They’re living in La-La Land.

Dec 04, 2012 1:28pm EST  --  Report as abuse
saavedra wrote:

Republicans and their Bride of Chucky, the Tea Party are bereft of any Economic common sense. They want to pay down the Deficit? My eye. You can’t do it and not raise revenues. Ronal Reagan knew this when he raised taxes in 1983 to staunch the red ink, and we’ll have to do it again–unless you want to try and take a masticating bite out of Medicare, Medicaid, Social Security and the Military. Oh that’s right, they don’t want to touch the Military. They’re living in La-La Land.

Dec 04, 2012 1:28pm EST  --  Report as abuse
wrote:

Dragos111:

Yes, you are right! The problem IS that the government spends too much! We cannot afford to be spending billions of dollars on tax cuts for people who don’t need them. It may not be a revenue gold mone, but at the moment it’s costing us more than we can afford.

Dec 04, 2012 1:37pm EST  --  Report as abuse
Captain47 wrote:

Debt was caused by the FED. Go over “the cliff” ie… tell the FED “you’ll get nothing and like it” then print our own money! Hunt down every member of the FED/IMF/CFR/Bilderberg/World Bank/Rothschilds and take our gold back from them by force!

Dec 04, 2012 1:43pm EST  --  Report as abuse
jambrytay wrote:

This looks pretty simple, Obama either offers something better than the fiscal cliff or we go over the cliff. Obama appears to be overplaying his hand as his first offer was just silly.

Dec 04, 2012 1:52pm EST  --  Report as abuse
wyldbill wrote:

To say that the Tea Partyer’s are dumb would be an understatement. If they continue their obstructionist behavior they will end up with tax increases anyhow so better that they co-operate, if that is possible with a pack of hyenas.

Dec 04, 2012 1:52pm EST  --  Report as abuse
Owkrender wrote:

The last time Boehner tried to strike a deal, he was shot down by the T-Partiers. The Republican CLown Car is out of the shop and ready to roll.

Dec 04, 2012 1:53pm EST  --  Report as abuse
Rich_F wrote:

“Republicans and their Bride of Chucky, the Tea Party are bereft of any Economic common sense”. that was quite likely the funniest thing i’ve heard in a while. thanks saavedra!

Dec 04, 2012 2:00pm EST  --  Report as abuse
ForLoveofUSA wrote:

You know, i have never seen so much division in our Nation until Barack Obama got into office (bless his heart). I remember the day that he got into the White House – non-stop cat fight.

First and foremost, we are American’s – not democrats, republican’s, or independent’s – or immigrants for that matter. We were meant to be united American’s, able to agree to disagree but still live in a land of peace.

Although we all have our own individual opinions, biases, and passions for our our Country,and biases, we have allowed the democrats, republican’s, indepentant’s to drag us into bitter conflict. Can’t we take stand for peace? Of course the problems can be resolved in a diplomatic way.

As Lincoln, one of the greatest President’s said, “A divided house cannot stand.” If we want to remain a strong nation, able to get through turbulant times, we cannot allow the political fighting in the White House cause division among strong American’s.

Dec 04, 2012 2:03pm EST  --  Report as abuse
IamBAD1 wrote:

Note to GOP/Tea Party: the cliff is here, you don’t want to be responsible for pushing the US into a major depression. It’s time that you raised taxes on the top 2% and then recess for Christmas vacation.

Dec 04, 2012 2:08pm EST  --  Report as abuse
Bagehot wrote:

Boehner’s done. He obviously cannot handle the Tea Party, and was completely useless during the election. As for revenue the GOP should make a counter on the base first, then the rates: say, notching up the top income to 300K (350K for families) and capping overall rate (including for Obamacare) at 40. In exchange you give up on differential capital gains (you’re losing this one anyway), and, as part of reform, eliminate double taxation by making all corporations S corps. At least that puts BHO on the back foot. Right now, he’s still Robin Hood,and calling the tune.
Boehner just can’t think that far up. Shift him.

Dec 04, 2012 2:09pm EST  --  Report as abuse
yubamary wrote:

Gigimoderate, Big Hurt,Fairness101, and jambrytay,well said. I wish Reuters would add a like or dislike to their comment page. Let’s go over the fiscal cliff we lived there before and we made it. I am in accounting and it beats me how our government can operate without a budget. The only way they are doing it is by spending the same amount they did last year and the year before that so on and so on. Stop appropriating the funds.

Dec 04, 2012 2:18pm EST  --  Report as abuse
yubamary wrote:

@DHuopana, You got it right.

Dec 04, 2012 2:26pm EST  --  Report as abuse

Both spending and taxes need to change. Spending needs to decrease and taxes need to increase.

That’s the hard decision that all elected officials must address.

Rhetoric doesn’t make that hard decision. Facts must be addressed.

Federal tax revenue versus expenses as a percentage of the United States’ Gross Domestic Product is the issue not discussed. Discussion is often “Government is spending too much” and “Taxes are too high”.

Problems happen when the difference between Federal Tax revenue and expenses grows more than historical values.

During President Obama’s 2008 – 2012 term, the Congressional Budget Office reported expenses were 24.4% GDP and revenues were 15.2% GDP. That difference is 9.2% GDP.

These Federal expenses were greater than past administrations. These Federal revenues were less than past administrations.

President Reagan’s expenses were 22.4% and revenues were 18.2%.
President H.W. Bush’s expenses were 21.9% and revenues were 17.9%.
President Clinton’s expenses were 19.8% and revenues were 19.0%.
President George Bush’s expenses were 19.6% and 17.6%.

2008 – 2012 expenses of 24.4% GDP and revenues of 15.2% GDP are both beyond what has traditionally worked for the United States of America.

Dec 04, 2012 2:26pm EST  --  Report as abuse
gregbrew56 wrote:

If ALL Republicans would repudiate their oath of fealty to that nobody Norquist, we’d all be better off.

Dec 04, 2012 3:11pm EST  --  Report as abuse
MI2 wrote:

Support our country and get on with it! Thank you Obama for trying to correct what has been allowed to be postponed, ignored and capitalized on by the rich. 99% agree that the rich need to pay more. Suggest that we add the republican suggestions to what has already been proposed by Obama. That would be WIN WIN and we would start going in the right direction.

Dec 04, 2012 3:12pm EST  --  Report as abuse
ConradU812 wrote:

@Iambad1,

Note to you. The left will never be wrong or take responsibility for any problems involving our country, its citizens, or the economy. This is a learned behavior from their leader and icon, obama.

Dec 04, 2012 3:29pm EST  --  Report as abuse
ConradU812 wrote:

@flashrooster,

You’re opinion is of little value since it only sways to the party that provides your welfare checks.

Dec 04, 2012 3:32pm EST  --  Report as abuse
Jaay wrote:

The U.S. has had a significant deficit for decades. Why is it that it became a new conservative mantra right after the 2010 elections. Republicans have always want a small government with no entitlements, but it has become a major driver of American lives since the Republicans won the House. Looking at it from my number of years, it seems to a Chamber of Commerce, or Wall Street requirement to the U.S. ecomomy. These people want no risk or very little risk, and dam those who can’t do for themselves, a.k.a., “personal responsibilty.” Their definition of this concept has nothing to do with Christian teachings.

There is also the reality that conservative spending policies created the large current U.S. deficit. Their policies of no regulation caused the 2008 financial crisis. They passed the Bush tax cuts, a very big mistake, while simultaneously, starting two unfunded wars. The Iraq War started based straight out on Republican lies. They also caused the 2007 real estate collapse. Greenspan, a Republican appointee, did not believe in regulating bank subprime mortgage practices. And, since 2010, Republicans in the House offered no legislation to create jobs. In fact, they have done everything in their power stiffle job creation.

But, ask yourself, since the Bush tax cuts how many jobs have Republicans created. The simple answer is zero.

What a Republican mess. Too much spending bailing out Wall Street, paying for two wars out of general revenues, Medicare Part D (passed by Republicans for pharmaceutical companies), and so on.

And, they want only help the rich gain more wealthy. Americans, it’s time to clean the House.

Dec 04, 2012 3:35pm EST  --  Report as abuse
Jaay wrote:

The U.S. has had a significant deficit for decades. Why is it that it became a new conservative mantra right after the 2010 elections. Republicans have always want a small government with no entitlements, but it has become a major driver of American lives since the Republicans won the House. Looking at it from my number of years, it seems to a Chamber of Commerce, or Wall Street requirement to the U.S. ecomomy. These people want no risk or very little risk, and dam those who can’t do for themselves, a.k.a., “personal responsibilty.” Their definition of this concept has nothing to do with Christian teachings.

There is also the reality that conservative spending policies created the large current U.S. deficit. Their policies of no regulation caused the 2008 financial crisis. They passed the Bush tax cuts, a very big mistake, while simultaneously, starting two unfunded wars. The Iraq War started based straight out on Republican lies. They also caused the 2007 real estate collapse. Greenspan, a Republican appointee, did not believe in regulating bank subprime mortgage practices. And, since 2010, Republicans in the House offered no legislation to create jobs. In fact, they have done everything in their power stiffle job creation.

But, ask yourself, since the Bush tax cuts how many jobs have Republicans created. The simple answer is zero.

What a Republican mess. Too much spending bailing out Wall Street, paying for two wars out of general revenues, Medicare Part D (passed by Republicans for pharmaceutical companies), and so on.

And, they want only help the rich gain more wealthy. Americans, it’s time to clean the House.

Dec 04, 2012 3:36pm EST  --  Report as abuse
elsewhere wrote:

The first two years Obama was in office he increased federal spending near 25% and now calls that the normal. NEVER. The drastic cuts should be to the adminstrative side of government and entitlements that are free. Medicare is a premium base prgram and Social Security should be a trust fund. The Democrats have raped both funds to gain votes and they should be made to reply all they have taken.

Dec 04, 2012 3:43pm EST  --  Report as abuse
Onerioi wrote:

Senator Jim DeMint said “Speaker Boehner’s $800 billion tax hike will destroy American jobs and allow politicians in Washington to spend even more,” DeMint said in a statement.” He’s right. We should just go over the cliff. That will cut the handouts equally, and with rules like that in place, who needs a dysfunctional congress?

Dec 04, 2012 3:52pm EST  --  Report as abuse
LTN70 wrote:

There is no infighting. Of course there will always be a handful among both Dems and Repubs that have different views–however, no major disagreements. Reuters is making up news.

Dec 04, 2012 3:56pm EST  --  Report as abuse
AlkalineState wrote:

Today’s headline:

“Hardliners Squeeze Bohner, Bohner Erupts.”

Dec 04, 2012 4:05pm EST  --  Report as abuse
Mandingo wrote:

Because John Kennedy lowered tax rates by 20% he is often cited as what Repubs want of a Democratic President. Kennedy lowered the rate from 91% to 70%. Thats the rub. Also offshore corporate earnings were taxed which are not now unless they are brought back here, which they aren’t as the rich buy playtoys and houses offshore as well as set up factories in China with their tax free earnings.

Boner does not get it. We WANT the rich to be taxed more. We the people have no choice about offshoring our taxes so close that and many other loopholes and stop the quadtrippling of rich peoples incomes over the rest of us.

Dec 04, 2012 4:07pm EST  --  Report as abuse
AlkalineState wrote:

Only in Congress would anyone call cutting spending and raising revenue…. a ‘cliff.’ For most families, businesses and individuals, these are goals.

“Fiscal Cliff.” That’s a good one. Right next to ‘Intelligence Canyon.’

Dec 04, 2012 4:32pm EST  --  Report as abuse
xyz2055 wrote:

ConradU812…As an Independent who pays his own way and whose household income is probably far beyond yours..you are full of s… It isn’t just those collecting unemployment or those collecting food stamps or some other form of government assistance that support this president. The Republican party has been bought and sold and you are a moron if you don’t see it. Obama has the upper hand here. Your boys can agree to a $160B tax hike or the country will pay more than $400B in tax hikers in 2013. And it will be all because your party is devoted to the 2%. You just had your arse handed to you by a community organizer. Enjoy!

Dec 04, 2012 4:36pm EST  --  Report as abuse
IrateNate wrote:

In a childish fit of petulent stubbornness, President Obama holds fast to his demands that no deal will be accepted which does not include raising the tax rates on the wealthiest 2% of Americans. While all parties have agreed that this move will bring an estimated $80 billion in new tax revenue for FY2013, the expert economists have decided that this “down-payment on future negotiations” will be a wonderfully effective tool in reducing Obama’s $1.2 trillion deficit down to an easily manageable $1.12 trillion.

And intelligent people are supposed to take this garbage seriously?

Dec 04, 2012 4:54pm EST  --  Report as abuse
xyz2055 wrote:

elsewhere..exactly where do the Republicans find minions like you anyway? Some god forsaken county in West Virginia? What ever spending has occurred under this president…it doesn’t hold a candle to 2000 – 2006.

Dec 04, 2012 5:04pm EST  --  Report as abuse
AlkalineState wrote:

IrateNate, thank you. Even your own analysis above demonstrates that Obama’s proposal reduces the deficit by 8% in the first year alone. Not bad. Better than going the other way, no?

Dec 04, 2012 5:18pm EST  --  Report as abuse
xyz2055 wrote:

IrateNate..get back to us when you can ACTUALLY comprehend the news stories..it’s $160B a year (which is a 16% reduction in the deficit)…

Dec 04, 2012 5:20pm EST  --  Report as abuse
captwasabi wrote:

“Cutting the deficit right now would cause the economy to contract. Raise taxes on the rich, close their loopholes, and limit their deductions.”

Nothing you listed would have any affect on helping the economy.

“Obama was willing to compromise but the Republicans said no” What world are you living on? The Republicans just offered a fantastic deal and Obama rejected it out of hand.

“I hope we go over this cliff,” There is no fixing stupid.

“…the military gets way too much money…” Well, considering that providing for the military is a Constitutional requirement and redistribution of wealth is not I think we are going to disagree here. Never mind that fact that many of the inventions you likely take for granted were derived from some military programs. Besides, who do you think is going to step into the role of international peace keeping force? You think without a US military presence between Japan and China that Japan won’t re-arm (including nukes) in a jiffy? What do you think will happen to Taiwan and South Korea as soon as we mothball the fleet? You’re really not thinking are you?

“…and corporate profits are at record levels while workers wages are only getting lower.” Yeah, uh, no and no. companies are reporting reduced earnings, the stock market is depressed and salaries are right around where they have always been so I ask you again, what world are you living on?

“This is a recipe for a proletariat revolt (which I am really hoping happens).” And now we come to the truth of the matter. This is why you want to see the military reduced. So as to reduce their effectiveness in the event your “workers rebellion” arises. What’s even more hysterical is that after these same revolutions in Cuba, the Soviet Union, North Korea and China have utterly failed you still wish to see it happen here in the US?

Do me a favor and move to North Korea. I’m sure they would love you there.

Dec 04, 2012 5:25pm EST  --  Report as abuse
bobber1956 wrote:

Some say the dems are in the majority. Well even if that is the case, so were the British in 1776.

Dec 04, 2012 5:35pm EST  --  Report as abuse
AlkalineState wrote:

Bobber1956 threatens: “Some say the dems are in the majority. Well even if that is the case, so were the British in 1776.”

As well as the Union Army in 1864. And that one didn’t work out very well for Atlanta and the other confederate hillbillies, did it. What exactly are you proposing, Bobber? Is the south feeling tough again?

Dec 04, 2012 5:51pm EST  --  Report as abuse
TeaPublican wrote:

Our prayers have been answered! I heard on Fox News that leaders of over 100 conservative and RELIGIOUS groups sent a letter to Republicans in Congress telling them NOT to compromise with that guy obama because doing so would be a disaster for conservative principles! The letter also said that if these Republicans go along at all with obama, these so called Republicans will face strong primary opposition at the next election! So in other words, shape up and do what we TeaPublicans want or we WILL ship you out! We TeaPublicans WILL take back America in 2014 AND 2016… and we will also take back any of those republicans that fail the “purity test”!

Dec 04, 2012 6:05pm EST  --  Report as abuse

obama ran on promise of fairness and asking the wealthiest to pay a little more. he was elected by a majority of voters who count on him to be true to his word.
mr. president,
the american people are behind you and you should ask them to pressure their representatives to honor the interests of their constituents and their country over ideology and service to their rich masters. fight for us and do not give in.

Dec 04, 2012 6:07pm EST  --  Report as abuse
RSaltyDog wrote:

I’m hoping we just jump off the cliff. Bush tax cuts expire. Increase in much needed revenue. Cuts to the bloated Defense budget. When I see the paid for perks of generals who are not fighting but fooling around its obvious cuts can be made. When CEO’s of defense companies get raises its obvious the US can make cuts. Protect all boots on the ground, they should not be living on poverty wages, and cut back the fat from the top. Stop giving monetary aid to the Mid-East (Israel, Pakistan, Afganistan) as in at least the last decade it has done nothing for the US Citizen.

Dec 04, 2012 6:13pm EST  --  Report as abuse
queuesuzieq wrote:

higher taxes? cut entitlements? well ok…..

**cut pay of *publicservants*,
**cut expresidents secretservice down to 2 (let them hire more themselves)
**cut their healthplans (include in ours)
**vacations paidforby themselves!
**stop conventions out of USA! limit$$$$spent.
**stop ludicris studies
**cut collegecosts (affordableforeveryone)
**ban the lobbyists
**enforce ‘taxbracket’ people are in to actually PAYING the percentage they are supposedto
**close loopholes
**tax luxury items higher
**fine abusers of federal money – banks, insurancecompanies, pharmaceuticals
**limit salaries/bonuses of ceo, managers etc. taking government funding
**stop religious taxexemptions
**prisons = NO tv, college, weightrooms, fields. lifesentences dont need their organs after dying (their rights are taken away! automatic organ donation)
**deport illegals with “bill for services” (deduct money we give their countries in aid)
**fine/jail people/business who hire illegals or outsource jobs
**get FRAUD in ss/ssdi/medicare/medicaid LEAVE-THE-REST-ALONE
**TAX imports more / exports less
**stop no-bid defensecontracts / cut junk in favor of technology that works in todaysworld with less militarydeaths (keep benefits for veterans – THANKYOUVETS!!!)
**legalise/tax marijuana
**raise minimumwage – affording folks to live AND pay taxes (spendingmoney helpingboost economy)
**change statelotteries to 1 milliondollar winner in everystate everyweek instead of a 500million jackpot

these BEFORE talk about raisingtaxes or cuttingbenefits =help balance budget =bring about change.
**CUT THE BULLSHIT** worktogether for benefit of ALL americans.
haveatitfolks…… WHAT ARE YOUR IDEAS? WRITE YOUR POLITICIANS!!! theare incapable of coherent thoughts and working together.. WE have to do it for them!

Dec 04, 2012 6:24pm EST  --  Report as abuse
dragonass wrote:

Obama talks about taxing the millionaires and billionaires, but most of his tax increases would affect people not anywhere close to that level. I agree with Buffet that there should be minimum tax rates on income over 1 million dollars since at that rate of income or higher most of the income would like be from investment rather than W2 income. I know plenty of two income families that might make 250 to 400K both of whom pay a lot of taxes because the income is mostly W2 income.

Lets have standard rates for income over 1 million in income, lets get rid of the home mortgage deduction (so that people do not over buy or over price houses), and let us tax everyone who has employer based healthcare on the value of the policy. At least the small business men and women would have the chance to grow and employ more people rather than shrink or fire staff. But stop whining about the poor, I have seen plenty of people on food stamps and medicaid driving cadillacs and using Iphone 5′s; of course there are the foreign nationals who fly over, complain of chest pain, get their bypass and get put on medicaid for the free meds, then fly “home” but use a relative’s address in the states to suck up the “free” meds and even social security checks. Clearly there is a lot of shady stuff going on with these entitlement programs, so maybe we need a stronger antifraud unit to look into whom all of these benefits are going to.

Dec 04, 2012 6:25pm EST  --  Report as abuse
Grant_X wrote:

On a positive note, if they do avert the cliff then Republicans will be seen as being responsible for doing something good for our nation.

Dec 04, 2012 7:20pm EST  --  Report as abuse
kevin2ia wrote:

Liars, damn liars, then Republicans, then Democrats.

Dec 04, 2012 7:31pm EST  --  Report as abuse
Grant_X wrote:

ForLoveofUSA wrote:

You know, i have never seen so much division in our Nation until Barack Obama got into office (bless his heart). I remember the day that he got into the White House – non-stop cat fight.
___
Riiight. GWB was the most divisive president in history. Remember, “You’re either with us or against us”? From 2000-2008 Bush divided us beyond recognition. Obama came in at the height of that…and you blame the divisions on him??? You are probably one of the people that blame the great recession of 2008 on him as well.

Good lord is sucks to have to be in the same country with mindless FAUXbots like you.

Dec 04, 2012 7:32pm EST  --  Report as abuse
iowafarm wrote:

Stop Obama’s overspending and deficit increases. Deny him an increased debt ceiling and keep him from raising taxes on anyone. He thinks he is King in spite of the fact that nearly half of this great country did not vote for him. Stay the course, Mr. Boehner. This is not a socialistic society it is a democracy – keep it that way!

Dec 04, 2012 7:32pm EST  --  Report as abuse
libertyville wrote:

Obama is firm that he is above the fray and unlike Johnson and Clinton does not need to be involved in the political process needed to negotiate an agreement.

Dec 04, 2012 7:50pm EST  --  Report as abuse
xyz2055 wrote:

Iowafarm..I’ve never seen anyone as delusional than you are. Name the NEW spending bills signed into law by Obama and how much each added to the debt/deficits. You are lost in space buddy. You have no clue how our government works. Only Congress can spend money. The fault of presidents is not wielding the veto more often to slow them down (in the past).

Dec 04, 2012 8:19pm EST  --  Report as abuse
steve-2304 wrote:

Yo Iowa, Obama had a higher percentage of the popular vote than many Republican Presidents before him. And no incumbent has ever won in such a poor economy.

Your Lily-white multi-millionaire man of faith couldn’t beat the black guy with the funny-sounding name from a radical church, even in a lackluster economy and after 4 solid years and well over $1 billion spent to destroy him.

You Iowa farmers should talk about deficits and moochers, how much in subsidies and price controls do you receive?

The debt limit increase is to pay for things ALREADY bought. How is this so hard to understand? Does the fact that no other industrialized country does it this way mean anything?

You do realize that many countries do things much better than us, right? things like education and health care for example. Is it so hard to take a look at what others are doing (universal health care) and learn something?

Dec 04, 2012 8:24pm EST  --  Report as abuse
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