Obama rejects GOP proposal; shutdown imminent

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Removing $600 billion from the economy would have a serious negative impact under present circumstances. So would $100 billion. It isn't as though that spending is crowding out private spending right now such that the private sector could immediately step in and make up for the lost economic activity. Pretending otherwise is insane.

Raising taxes to Clinton era levels puts a huge dent in the deficit. After that, huge cuts are not necessary.

So you believe returning to Clinton-era tax rates would close a $1.5 trillion deficit?

Um, okay.

In my opinion, it would be a terrible idea to raise taxes on the middle class. I'm in favor of a millionaires tax, but even then we'd still have to cut spending - it's inevitable.
 
So you believe returning to Clinton-era tax rates would close a $1.5 trillion deficit?

Um, okay.

In my opinion, it would be a terrible idea to raise taxes on the middle class. I'm in favor of a millionaires tax, but even then we'd still have to cut spending - it's inevitable.


I believe it closes half of it. I consider that a huge chunk and all it takes to get that done is for Congress to do nothing.
 
I believe it closes half of it. I consider that a huge chunk and all it takes to get that done is for Congress to do nothing.

According to this article, the cost of extending the Bush tax cuts for two years is $544.3 billion - about $275 billion per year, or 1/5th of the current deficit.

http://money.cnn.com/2010/12/07/news/economy/tax_cut_deal_obama/index.htm

As I stated, shared sacrifice will be necessary. We need to raise taxes (but not on the middle class), cut spending, and wait for revenues to increase further as the economy recovers.
 
Because there is slack demand for their goods and services. If they had customers that wanted to buy more of what they have to offer, they would use that money to create more goods and services to sell. But they don't have the customers.

So your plan is to raise the debt more, so that companies sit on cash more, so that consumers lose more jobs, so that consumers have less demand, so that companies hire even less....

You are batshit crazy if you think the insane levels of spending aren't a large part of the reason corps are sitting on cash. With that insane level of spending comes a need to actually PAY for it. We all know who the favorite targets are for that.... the wealthy and the corps. The uncertainty of what is coming in the future is a primary force behind sitting on cash and not hiring.
 
I'm a student who works full time... and I probably make a lot more than you did at my age.

you might, I bet I got twice the pussy you did at your age. I bartended at a top 50 playboy rated club, making $25 hr in the 80's shit that would be a lot more today. What fun job do you have while in school. I worked part time, made more than the average full time worker and had way more fun.
King of douche Nozzles
 
So your plan is to raise the debt more, so that companies sit on cash more, so that consumers lose more jobs, so that consumers have less demand, so that companies hire even less....

You are batshit crazy if you think the insane levels of spending aren't a large part of the reason corps are sitting on cash. With that insane level of spending comes a need to actually PAY for it. We all know who the favorite targets are for that.... the wealthy and the corps. The uncertainty of what is coming in the future is a primary force behind sitting on cash and not hiring.

Nonsense. First it was "uncertainty" regarding the tax code, now it's government spending. The problem is demand:

consumer%201.PNG


The idea that corporations are not spending some of their cash in order to make more money when they could easily do so because the government spends too much is laughable.
 
you might, I bet I got twice the pussy you did at your age. I bartended at a top 50 playboy rated club, making $25 hr in the 80's shit that would be a lot more today. What fun job do you have while in school. I worked part time, made more than the average full time worker and had way more fun.
King of douche Nozzles

So when you lose on the money argument, you resort to debating you got more pussy in high school? LOL, nice comeback.
 
"Obviously the first and most important point to be made about the possibility of the government shutting down this week is the fact that had Democrats, who held a majority in both the House and Senate last year, done their basic job of passing a budget, this wouldn’t be an impending problem.

Now, unsurprisingly, it has devolved into a political battle pitting the Republicans on the side of cutting spending as their constituency insists upon (and voted for) against Democrats who, failing to do their job last year, now are dragging their feet in the Senate (the House passed a continuing resolution to fund government 46 days ago) and making veto threats from the White House.

Funny, how politics works, isn’t it? Those who didn’t do their job last year or provide any leadership on the subject are now actively working against passage of a stop-gap funding measure and prepared to blame those who are attempting to fix the problem for any government shutdown which might occur.

While he had every opportunity to weigh in on the budget last year when Democrats didn’t pass one, now that he sees political advantage in weighing in (he just started his 2012 re-election campaign remember) we finally hear from President Obama:

What we can’t be doing is using last year’s budget process to have arguments about abortion; to have arguments about the Environmental Protection Agency; to try to use this budget negotiation as a vehicle for every ideological or political difference between the two parties. That’s what the legislature is for, is to have those arguments, but not stuff it all into one budget bill.”

Now he takes a stand. When his party failed to pass a budget last year? Crickets. Apparently fully prepared to live on continuing resolutions during the tenure of the Democratic controlled Congress, now he’s putting his foot down. Instead of working to ease the situation and negotiate a settlement that would be acceptable to both parties, he threatens a veto.

On the issue of a short-term extension, we’ve already done that twice. We did it once for two weeks, then we did another one for three weeks. That is not a way to run a government.

No kidding. But where in the heck was the president last year when Congress failed in its duty and set this predicament up? The government has been working on “short-term extensions” since October of last year.

Now, suddenly, they’re a problem.

I don’t disagree with Obama’s points, I just am disgusted by the disingenuousness of the argument. Not that it surprises me, however, at all.

But when government shuts down, and the blame game begins, remember the reason that such a situation even developed in the first place – Congressional nonfeasance and lack of presidential leadership."

http://hotair.com/greenroom/archives/2011/04/06/government-shut-down-blame-game-some-facts/

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So when you lose on the money argument, you resort to debating you got more pussy in high school? LOL, nice comeback.

what's your job gaylord, are you ashamed.

College not high school, I make $130,000 plus capital gains now. I'm guessing your degree with leave you short.
King of dribble
 
"With the prospect of a government shutdown looming, some Republicans fear that GOP representatives in Congress have made a critical mistake by beginning the battle of the budget by going after specific programs to cut, rather than applying cuts across the board.

The strategy has engendered ideological side skirmishes, over relatively small amounts of spending, on programs ranging from Planned Parenthood to National Public Radio. The House voted to cut both as part of $61 billion in proposed reductions in the current budget. Last week, Republicans took on the powerful AARP in a report and hearing questioning the organization's nonprofit status, a move that some saw as payback for AARP's support for the Democrats' 2010 health care reform bill.

These kinds of short-term ideological skirmishes are emotional and fiscal bonanzas for groups on the Democratic left and Republican right, and therefore may be good short-term politics.

But the resultant ideological fights have created a divisive atmosphere at a time when cooperation and conciliation may be the only way to solve a budget crisis, one that will require tough choices about massive, popular programs, including Medicare and Social Security.

"The things that really matter in the federal budget are the tough ones, not the symbolic ones, yet the public is nowhere near adequately informed about the reality," said former California Rep. Vic Fazio, a Democrat.

The opening acts of the 2011 budget fight have included emotional testimonial ads from women who say their lives have been saved by Planned Parenthood services. There were secret tapings of NPR executives by conservative activists posing as representatives of a radical Muslim group that led to the firing of two top NPR officials. But together, the two programs involve annual spending levels — about $363 million for Planned Parenthood and $50 million for NPR — equal to roughly six hours of deficit spending under the current fiscal year deficit estimates of $1.6 trillion.

The government has been operating under a series of short-term budget resolutions, as Democrats and Republicans and President Barack Obama have been unable to come up with a spending blueprint to last through the fiscal year that ends Sept. 30. Looming much larger is the 2012 budget fight.

As House Budget Committee Chairman Paul Ryan prepares to unveil a 2012 budget proposal that he hints will include trillions of dollars in proposed cuts over the coming years and changes to Medicare, some Republican strategists say they worry that the ideological fights that have already taken place have not helped prepare the ground for what could be a tough and long process.

Some also think the Republicans, by trying to cut or eliminate programs they don't like, have blunted the credit they should be getting for cutting about $10 billion from the current year's budget already.

"I am concerned that they have allowed a few, big, symbolic issues to drown out in part this message that we have not made our own case for our success," said former Minnesota Rep. Vin Weber, who is close to Republican leaders in Congress. "We have cut spending for the first time, maybe ever, and yes it is a drop in the bucket compared to the big budget. But it is getting lost in the arguments about all these high-profile, emotional issues, and it does worry me."

Many of these side skirmishes have come through "riders" attached to overall spending proposals. Weber said he does not agree with Democrats that there should be no riders, and that he understands why the fights are important to some representatives on his side. But the focus on them, he said, has allowed Democrats to use well-honed tactics of attacking Republicans as uncaring and extreme.

Speaking at the American Enterprise Institute last week, Fazio said Republicans would have been far better off proposing percentage cuts across the board.

"It certainly has been helpful to the Democrats," Fazio said, "‚Ä1/8and I think it has stimulated a counter action on the Democratic side that has been lacking. Their base hasn't been energized.

"But the bottom line here is that Republicans would have been better off doing across-the-board cuts," he said. "They are always hard to pinpoint where the impact will be. Everybody thinks government is so big (that) we can reduce it in size. But when you get into specifics and start talking about ... (relatively minor) amounts of money just to make a political point, I think you are way off message."

But the single-issue budget fights continue. On Monday, the anti-abortion political action committee Susan B. Anthony List released statements from four potential GOP presidential candidates supporting the elimination of funding for Planned Parenthood. That statement was made the same day Obama, a defender of Planned Parenthood, announced he would seek a second term in 2012."

http://www.statesmanjournal.com/art...9/opinion/Ideological-cuts-could-backfire-GOP

The GOP could be heading for a swing and a miss.

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