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Is there really a fiscal cliff?

TexasBred

Well-known member
hypocritexposer said:
n an Oval Office meeting last week, he told Mr. Boehner that if the sides didn’t reach agreement, he would use his inaugural address and his State of the Union speech to tell the country the Republicans were at fault
[/quote]

And that is when every republican in congress should stand and shout in unison "YOU LIE" :!: :!: :!: :!: :!:
 

smalltime

Well-known member
I'm with you 200% okfarmer.Why the hell would anyone with half a brain work just to have the fruits of your labor gathered up and sqaundered on people who dont deserve it.An empty head can soon become an empty stomach
 

Larrry

Well-known member
Fiscal Cliff's Dirty Secret: It's Not About Taxes At All, But Too Much Spending

By Sen. Rand Paul
Posted 12/18/2012 07:07 PM ET


There's a lot of talk right now about an impending fiscal cliff. But we already went over a cliff economically in this country a long time ago.

The current debate over tax hikes is an empty one built upon a false premise. The debate is whether raising tax rates will address our current crisis. The premise is that it is a lack of taxation that has led to the crisis. Both are hopelessly wrong.

President Obama's proposed tax increases on the top 2% of earners would fund the federal government for about eight days. Even if we taxed Americans earning over $1 million on 100% of their income, we would raise only about $600 billion in revenue.

Taxing citizens at this level is a tyranny even Europe hasn't reached, and still it would only address about one-third of our deficit.

If one actually does the math, "taxing the rich" turns out to be no real solution at all, only fantasyland rhetoric.

Every dollar the government takes is another dollar used unproductively. Every dollar removed from the private sector and wasted in the hands of bureaucrats is a dollar that will not be used to purchase goods, to pay for services or to meet a payroll.

Every dollar the government ever takes — today, tomorrow and forever — is an attack on jobs and the economy.

Instead of sitting around trying to think of new ways to vote away someone else's money, Washington leaders should finally begin to address the real crisis that has threatened us long before the current handwringing: spending.

With a $16 trillion national debt and well over $1 trillion annually in deficits, we barreled over the edge of fiscal insolvency long before this month.

Why do we lurch from deadline to deadline with no apparent action on our nation's problems until the next deadline approaches? I presented Social Security and Medicare reform to the Senate over a year ago. I directly spoke to the president and vice president about my plan. And their response? Absolutely nothing!

Is it any wonder people are fed up with their government? The president announces we have no time for spending reforms, but when the deadline passes I predict not one committee will step into the breach to begin the process of reform.

Why? Because Democratic leadership still insists that Social Security and Medicare are just fine. Meanwhile, Social Security actuaries tell us that Social Security this year will spend $165 billion more than it receives. Medicare will spend $3 for every $1 it collects. Yet, the president says he doesn't have time for entitlement reform

Read More At IBD: http://news.investors.com/ibd-editorials-perspective/121812-637557-fiscal-cliff-tax-debate-skirts-real-issue-too-much-spending.htm#ixzz2GGJXONvr
 

hypocritexposer

Well-known member
28% of Americans were following the "fiscal cliff" talks, in the poll that OT likes to quote as a reason for obama being "Top Dawg" :lol: :lol:


A new Gallup Poll out this morning indicates that Americans, who reelected Obama last month, are finally beginning to see through his political fiscal strategy. Fully 48% of Americans are now doubtful an agreement will be reached, up eight points in the last seven days.

And today, only 50% of Americans still believe an agreement will come, down seven points in the last seven days.

Here's why wise Americans are coming to believe an agreement before the deadline is problematic at best: Previous polls have shown that a majority of the country would not blame the crisis on the Democrat-controlled Senate, which hasn't bothered to pass a federal budget in more than three years.

Nor would it blame the Democrat in the White House, who's so full of his election success that he hasn't made any realistic bargaining offers while out campaigning and, most recently, vacationing in Hawaii.

But they would blame Republicans, who only control the House, more for the tax hikes and defense cuts despite the numerous compromise offers Speaker John Boehner has made, against the wishes of many in his GOP caucus.

So, let's see, by driving the country off the cliff, Obama could gain more tax money to spend, cut defense costs as he wants anyway, stick Republicans with blame for the apparent crisis and, quite possibly, ignite infighting among Republicans split over compromising or holding the line on spending.

What a terrible "price" for Obama to pay! As Br'er Rabbit used to say, 'Please don't throw me in that briar patch over there.'

On the other hand, the newly-reelected Obama could cave on things like his massive new stimulus spending plan and give up all the political perqs of yet another manufactured Obama era crisis, just as candidate recruiting begins for the 2014 midterm elections.

Hmm, which path do you think the Chicago machine pol will pick?

Here's how you can tell Obama doesn't really care about reaching an agreement: Republicans offered a package to produce the desired additional government revenues by closing loopholes and capping deductions. Obama rejected that, insisting that while he wanted loopholes closed, he really wanted tax rates to increase. And then he upped the amount of money he wants.

snip

Gallup's new survey also found the number of Americans paying very close attention to the cliff talks jumped from 28% to 34% in just the past week. This despite the compelling distractions of the Newtown shootings and the Hanukah and Christmas holidays.

Read More At IBD: http://news.investors.com/politics-andrew-malcolm/122612-638298-gallup-poll-finds-nearly-half-now-doubtful-of-fiscal-cliff-deal.htm#ixzz2GGOi6XH0
 

Steve

Well-known member
Oldtimer said:
hypocritexposer said:
The quickest way to gain revenue is not to increase taxes, but close loopholes.

But obama refuses to compromise

He ran on a platform of letting the tax cuts expire for those over $250,000- he won on mainly that platform... I would say that puts him in Top Dawg seat and the reason his daily approval rate is 56-57%-- and that 54% say they back his compromise work on the financial cliff issue-- and only 20 some % back Boehner or the Repubs...

I don't agree with it all--BUT if Boehner and the Repubs don't get it done--they will/could be blamed for years to come for the economy if the countries (and the worlds) economy takes a flop...

I bet you can't wait for those 56-57% to favor a British style wealth tax ?
 

hypocritexposer

Well-known member
Steve said:
Oldtimer said:
hypocritexposer said:
The quickest way to gain revenue is not to increase taxes, but close loopholes.

But obama refuses to compromise

He ran on a platform of letting the tax cuts expire for those over $250,000- he won on mainly that platform... I would say that puts him in Top Dawg seat and the reason his daily approval rate is 56-57%-- and that 54% say they back his compromise work on the financial cliff issue-- and only 20 some % back Boehner or the Repubs...

I don't agree with it all--BUT if Boehner and the Repubs don't get it done--they will/could be blamed for years to come for the economy if the countries (and the worlds) economy takes a flop...

I bet you can't wait for those 56-57% to favor a British style wealth tax ?


Looks like the "blame gap" is narrowing




If Congress and President Barack Obama do not reach a deal to avoid the fiscal cliff, 44 percent of likely voters believe it will be the Republicans’ fault. The results are part a survey conducted by Rasmussen Reports and released Thursday.

Only 36 percent of the 1,000 likely voters surveyed on Wednesday said that Obama is to blame if no agreement is reached to prevent huge tax increases and $500 billion in automatic budget cuts from taking effect on Jan. 2.

http://www.rasmussenreports.com/public_content/business/general_business/december_2012/no_fiscal_cliff_deal_44_blame_gop_36_obama
 
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