U.S. administration urges Republicans not to block "fiscal cliff" deal

Comments (23)
ccharles wrote:

Have to read there plan before anything can really be said, but they only really have the tax cuts to work with. The Sequester act of 2012 will have to go as written. What can you do? It was wrote to up the debt ceiling, by the people in there now. To not honor the sequester act (law) makes upping the ceiling in the future a pretty moat point.

Dec 26, 2012 6:17pm EST  --  Report as abuse
lucky12345 wrote:

Lesson # 1:
* U.S. Tax revenue:       $ 2,470,000,000,000
* Fed budget:                 $ 3,620,000,000,000
* New debt:                    $ 1,150,000,000,000
* National debt:              $16,271,000,000,000
* Recent budget cuts:   $        38,500,000,000

Let’s now remove 8 zeros and pretend it’s a household budget:

* Annual family income:                                       $   24,700.00
* Money the family spent:                                    $   36,200.00
* New debt on the credit card:                             $   11,500.00
* Outstanding balance on the credit card:           $ 161,710.00
* Total budget cuts so far:                                   $          38.50

Lesson # 2:
Here’s another way to look at the Federal Debt Ceiling:

Let’s say, You come home from work and find there has been a sewer backup in your neighborhood…. and your home has sewage all the way up to your ceiling.

What do you think you should do ……

Raise the ceiling, or remove the waste?

Dec 26, 2012 6:18pm EST  --  Report as abuse

I think it is time for the Dems and the President to stand firm. No more caving in. It’s time for the Republicans to compromise for a change.

Dec 26, 2012 6:27pm EST  --  Report as abuse
paulsur wrote:

Never in the history of the USA when republicans held a majority in the house of representatives have income tax rates risen.

Dec 26, 2012 6:31pm EST  --  Report as abuse
JohnPaul71 wrote:

Dear Lucky12345
A nations budget is not like a household budget. A nation can not be run like a business or household for multitude od reasons.

Dec 26, 2012 6:32pm EST  --  Report as abuse
trump10069 wrote:

And it is up to the President and the Senate majority to draft something that is more acceptable to be passed through the Congress. If they just draft something that are biased to them completely, it is just asking for trouble.

Dec 26, 2012 6:33pm EST  --  Report as abuse
DeannaTx wrote:

lucky12345,
That math only works if your only counting tax revenue. Which while it may be the bulk of the governments income, it’s not the all of it.

Dec 26, 2012 6:38pm EST  --  Report as abuse
alurlyrx wrote:

The democrats keep spending and blame the cliff on the republicans? It the American citizens are that gullible, then they deserve the calamity that is coming. The democrats are using the number one mandate of Mao Tse Tung’s Little Red Book. Tell a lie long enough and the population will believe it.

We are going over a waterfall in a party boat and cheering all the way. It’s absolutely surreal.

Dec 26, 2012 6:43pm EST  --  Report as abuse
LetsbReal wrote:

2 Wars have cost 90% of the dept. And For What ,nothing Not a mistery unless your mind is small,Republicans are way off base and wrong.The truth hurts,Sorry

Dec 26, 2012 6:43pm EST  --  Report as abuse
babyowl wrote:

Is anyone really surprised that the Repubs want to block this?????

Boehner promised he would block anything and everything Obame wanted when he came into office. Doesn’t seem to matter to Boehner that he is working to hurt the American public….only his EGO matters.

Dec 26, 2012 6:43pm EST  --  Report as abuse
Gideon_71 wrote:

The last time I looked, the “US Administration,” was the president, the two houses of congress, and the Supreme Court. Executive, Legislative and Judicial. They are all three co-equal in power, and all three are required to accomplish much of anything.

So your headline is not only misleading, it’s just wrong. The US administration did nothing of the sort… the president had to do his job, and the poor baby had to come home early after leaving when they needed him. He is NOT the “US administration,” nor is anyone in either of the other two branches of government.

It IS kind of sickening that you don’t know that.

Dec 26, 2012 6:48pm EST  --  Report as abuse
TexanForever wrote:

dwightmlee were you asleep during the Clinton-era? The GOP, led by the Newt “The Toot,” shut down the government, signed the Contract With America that they failed to honor, had affairs out the gazoo, reduced ethics in government to a joke and did absolutely nothing but try to destroy Clinton and the US economy.

lucky12345 to answer your question about what to do – well, the American people re-hired the same plumbers who put in the sewer system.

Dec 26, 2012 6:49pm EST  --  Report as abuse
steveorlando wrote:

Lets see.. congress passed something worse than plan “b” because they couldn’t even agree amongst themselves on a balanced deal.. so they pass something only they could pass and not the senate or the President would.. and now its everyone Else’s problem?? Hang on tight.. you guys are getting that wish list of cuts granted in exchange for actually paying what we already spent.. too bad it was late and our credit got downgraded.. I bet its even worse when the next debt ceiling arrives and we take another partisan hit to the economy. Im seeing a pattern here..

Dec 26, 2012 6:50pm EST  --  Report as abuse
theprofessor wrote:

The negotiations are just as much (if not more) about reducing the federal budget than increasing revenue. All the dems want to talk about is socking it to people above a certain income level.

The Republicans would have been far more willing to increase taxes if every one had skin in the game and the budget was significantly reduced.

The President knows this full well. But is determined to bankrupt the country to gain political points. Raising taxes alone does nothing to help the country.

Dec 26, 2012 6:56pm EST  --  Report as abuse
SurferCA wrote:

lucky12345,
I LOVE IT! That is EXACTLY the budget that most Americans have (the $161k is a mortgage though). I guess if we do it, why shouldn’t the government, or is it the other way around? It’s time to end the borrowing from tomorrow and go back to what the grandparents did; pay as you go, buy what you can afford, and save up for the rest.

Dec 26, 2012 6:56pm EST  --  Report as abuse
higgs-boson wrote:

When is the last time anyone has seen the use of the phrase “U.S. administration?” Since when did the Obama/Dem regime become equated with the “U.S. Administration”, which of course then renders the Republicans as the “ANTI-U.S.” opposition?

This is yet another shallow, transparent attempt at employing the old “he who defines the terms of the debate, wins.” Reuters is a joke…just like Obama.

Unfortunately, the joke is on this once-great country.

Dec 26, 2012 7:11pm EST  --  Report as abuse
patriciastarr wrote:

round and round you go – take a fiscally responsible position, despite the Obama ‘let’s print more money’ soap opera – it is time to stop it – true you elected him – your bad judgement – now either bite the bullet and let the cliff happen or delay the inevitable for no more than another year – his people spend your tax dollars like they earned it – don’t let the wonderful U.S. become the next Greece – or Spain – or Italy. You don’t deserve it – you deserve responsible leaders.

Dec 26, 2012 7:26pm EST  --  Report as abuse
NCMAN64 wrote:

The democrats never met a tax that they didn’t like, and with obama’s economic ignorance backed by little timmy, the debt limit is looming again, so can another monetary downgrade be far behind? Will we see mindless executive orders issued banning poverty and debt limits? It’s hard to say with an out of control, over spending pseudo-president.
Let’s see just how high that cliff appears to be.

Dec 26, 2012 8:37pm EST  --  Report as abuse
foiegras wrote:

There’s a reason we’re all in this mess. All you have to do is read these comments to find out the answer: a shortsighted, simplistic, shallow, duped, intellectually challenged American public. Yes, ultimately you do get the government you deserve – what is it, thirty or forty bought-and-paid-for political hacks in the House that are holding the country hostage? And just what is the difference between Bisquick and Shinola? We can’t figure it out.

Dec 26, 2012 8:49pm EST  --  Report as abuse
beech wrote:

Words cannot express my feelings of disgust for this president.

Dec 26, 2012 10:42pm EST  --  Report as abuse
MassResident wrote:

The hypocrisy of all of this is disturbing. The Constitution requires the House of Representatives to initiate the Federal budget and the Senate to amend and approve it. Back room negotiations with the President are not part of the process and never have been.

Dec 26, 2012 11:44pm EST  --  Report as abuse
artvet2 wrote:

Do you folks live on another planet? It is Congressional and Presidential stupidity that got us here in the first place! !6.4 trillion in debt – that is intelligent?

Dec 27, 2012 3:03am EST  --  Report as abuse
ConstFundie wrote:

Lobbyists puppeteer our Congress, and they all are fighting for a return on their election contributions (aka, investments). On the bright side, Congressional dysfunctionality makes for top tier reality show entertainment.

Dec 27, 2012 6:02am EST  --  Report as abuse
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