Washington (CNN) - In a meeting to discuss the status of debt talks with reporters in his Capitol Hill office today House Speaker John Boehner said, ““What the President is asking us to do just won’t pass.” Of the White House he insisted, “The only thing they’ve been firm on is these damn tax increases.”
The Speaker believes the broad set of options discussed during the daily White House meetings would not muster enough support within his caucus because they would raise taxes and demand smaller, less meaningful cuts than needed.
Asked to respond to the Speaker’s comments White House Communications Director Dan Pfeiffer says “The President is ready, willing and able to make the tough choices on entitlements, but you can’t have a balanced approach that is good for the country if you are unwilling to ask the wealthy and special interests to pay their fair share, unfortunately that is the Republican position right now – seniors, middle class families, and college students should sacrifice, but not the wealthiest”
Displaying an emotion that approached amazement – more than frustration or anger - the Speaker explained that White House negotiators have repeatedly shifted their positions. He said, “Dealing with them the last couple months has been like dealing with Jell-O. Some days it is firmer than others. Sometimes it’s like they’ve left it out over night.”
From his vantage, he said, this was particularly true during the negotiations for the so-called “big deal” debt package. Despite initial claims by Republicans that the “big deal” broke down over differing approaches to tax reform, today the Speaker argued the breakdown was also over entitlement reform. He said the White House backed off its commitment to entitlement reform, so much that by last Saturday when he scrapped the idea of a big deal “It was Jell-O; it was damn near liquid”.
White House Communications Director Dan Pfeiffer says this characterization of the breakdown is “simply not true.”
A senior Republican close to the negotiations says when the Speaker called the President on Saturday to inform him the big deal was off, they spent 35 minutes on the phone and described the President’s reaction as surprised but not shocked. The senior Republican also says Speaker Boehner first began discussing the idea of doing the big deal with the President back in January. He feels the President shares his preference for the big deal option, but waited too long to get personally involved in the negotiations.
As for the current talks, the Republican close to the negotiations believes the daily meetings at the White House aren’t bearing fruit. This persons says they “have a process problem as well as a substance problem,” and argues that Republicans are “in a spot where we need to be. It’s not a bad place for us to be” to get a deal done.
Speaker Boehener is personally confident both sides will find a way to avoid default. “Nobody wants to go there, because nobody knows what’s going to happen. It’s a crapshoot,” he told reporters. And he made it clear he’d prefer the hand he’s been dealt. He says all he has to do is talk to the American people to know the country is in favor of spending cuts. “The American people want us to hang tough,” he says. And adds, the White House knows “they’re not winning” this argument.
"if you are unwilling to ask the wealthy and special interests to pay their fair share," Fair Share? They're paying almost the whole tax burden now! Remember "Read my lips?" The GOP is not going to raise taxes, period. Next......
Oh yes they will. They'll eliminate the GWB tax breaks for the wealthiest or suffer the consequences with the American public. I refer to the last time the GOP tried this garbage in 1994. Read some history. They DO NOT want to have history repeat itself. Get used to the idea Dahly. It will happen.
They need to quit acting like the rich do not pay taxes, because they do! Most pay more than the average American makes in a year. They are good to us and we need to quit acting like the are not pulling their weight. Tax breaks need to stop for lower income earners who pay $0 in taxes or receive more back than they put in. Taxing the rich more, while popular, is merely a smoke screen.
This crazy "Lunatic" thinks the American people are behind Gop????? I personnally don,t have a knoose around my neck,and I,m not "Facist" enough!!!! Gop is destroyed for a long time. Immoral creeps!!
The last election confirmed that the American people are in fact behing the newly elected GOP. You calling people names won't change that.
Yes, they do pay a higher tax percentage but when it's all said and done with all the loopholes they have they only actually pay 13 to 15% in taxes so raising the rich taxes would be nothing to them... that is why the really rich are screaming TAX ME MORE. People need to get their their facts.
"The last election confirmed that the American people are in fact behing the newly elected GOP."
It was a "plague on both your houses" not a mandate for the GOP. We independent voters are mad at BOTH parties.
Oh the myth of it!:
Or look up: The Rich Pay at a Lower Tax Rate.
From: The Myth That 47% of Households Pay No Tax
Yes, 47% of Households Owe No Taxes. Look Closer.
By DAVID LEONHARDT
Published: April 13, 2010
That’s the portion of American households that owe no income tax for 2009. The number is up from 38 percent in 2007, and it has become a popular talking point on cable television and talk radio. With Tax Day coming on Thursday, 47 percent has become shorthand for the notion that the wealthy face a much higher tax burden than they once did while growing numbers of Americans are effectively on the dole.
Neither one of those ideas is true. They rely on a cleverly selective reading of the facts. So does the 47 percent number.
Given that taxes are likely to be one of the big political issues of the next few years — and maybe the biggest one — it’s worth understanding who really pays what in taxes. Once you do, you can get a sense for our country’s fiscal options. How, in other words, will we be able to close the huge looming gap between the taxes we are scheduled to pay and the services we are scheduled to receive?
The answer is that tax rates almost certainly have to rise more on the affluent than on other groups. Over the last 30 years, rates have fallen more for the wealthy, and especially the very wealthy, than for any other group. At the same time, their incomes have soared, and the incomes of most workers have grown only moderately faster than inflation.
So a much greater share of income is now concentrated at the top of distribution, while each dollar there is taxed less than it once was. It’s true that raising taxes on the rich alone can’t come close to solving the long-term budget problem. The deficit is simply too big. But if taxes are not increased for the wealthy, the country will be left with two options.
It will have to raise taxes even more than it otherwise would on everybody else. Or it will have to find deep cuts in Medicare, Social Security, military spending and the other large (generally popular) federal programs.
All the attention being showered on “47 percent” is ultimately a distraction from that reality.
The 47 percent number is not wrong. The stimulus programs of the last two years — the first one signed by President George W. Bush, the second and larger one by President Obama — have increased the number of households that receive enough of a tax credit to wipe out their federal income tax liability.
But the modifiers here — federal and income — are important. Income taxes aren’t the only kind of federal taxes that people pay. There are also payroll taxes and investment taxes, among others. And, of course, people pay state and local taxes, too.
Even if the discussion is restricted to federal taxes (for which the statistics are better), a vast majority of households end up paying federal taxes. Congressional Budget Office data suggests that, at most, about 10 percent of all households pay no net federal taxes. The number 10 is obviously a lot smaller than 47.
The reason is that poor families generally pay more in payroll taxes than they receive through benefits like the Earned Income Tax Credit. It’s not just poor families for whom the payroll tax is a big deal, either. About three-quarters of all American households pay more in payroll taxes, which go toward Medicare and Social Security, than in income taxes.
A politician who signs a pledge of no tax increases is a fool. Bottom line - spending needs to be curtailed AND there needs to be increase revenue (read increase taxes). The current GOP proposals put the burden entirely on the lower to middle classes. That is simply not right and, quite frankly, un-American.
The Dems need to stop calling the Bush Tax Cuts The Bush Tax Cuts. Obama approved them. Their his now.
NRC: Where does your data come from? Michellle Bachmann? Seventy five percent of corporate America pays no tax. The wealthiest class largely doesn't help out, and they certainly don't contribute much in terms of jobs creation for our citizens, especially since they can exploit 25 cent an hour labor in China.
Contrary to you, we're willing to do our share. We'll gladly pay higher Social Security and Medicare taxes, for example, if it helps our country in terms of basic services, infrastructure, education. Civilized countries take care of their poor, elderly, and sick. We have among the lowest tax rates in the world, but the largest military in the world. Maybe it's time to re-think our priorities.
What gets me is that the "majority" that GOP members like Cantor and Boehner talk about are really just the corporate CEO's and other wealthy people. When it comes down to it the leaders of the "GOP" could careless about the rest of their party, except on election day. People who are middle or lower class and proudly proclaim they are a Republican have no clue that the party they support is all about ending the very programs and policies that essentially help them survive. My parents are Republicans, and talk often about how Democrats are wrong and some entitlement programs should be ended. However they also refuse to see the reality that as they are both disabled, and my father personally is a 100% disabled veteran, that the very programs that the GOP wants to end are the same ones that allow them to pay their bills, have a comfortable house to live in, and in effect makes their cushy lives possible at this stage in their lives. The reality is that if the GOP were to have their way on every thing, suddenly we would no longer have clean air, clean water, and the country would be ran by corporations. Then suddenly the GOP would be a party with a few thousand supporters, instead of millions, all because the GOP only cares about the wealthiest 1% and corporations.
It is NOT a tax increase to close subsidies as has been proposed for a long time now. Do oil companies deserve receiving a combined total of $2.5 billion each year in subsidies when they rake in 10x or more of that in profits every quarter? Do corporate agriculture companies deserve receiving subsidies that were meant for the private farmer, all because the corporate entities have been essentially drawing the private farmers under their umbrella so they can have those private farmer subsidies? Do we really need a Deparment of Homeland Security that has done nothing to make our country safer, and yet is a prime example of how the GOP is more in favor of Big Government than they claim to be? How much more waste do you need to see firsthand that the GOP is out of touch? Already polls show that 67% of Americans believe that Cantor, Boehner, and the rest of the GOP are wrong about their stance on these negotiations. The vast majority of true economic experts in this country have been saying for years that the GOP has been wrong about everything. Every bipartisan think tank in this country has said the GOP has been wrong on essentially everything for the past 30 years.
You want jobs back, make the GOP fess up and fix the mess they made by allowing laws that let corporations send jobs overseas to countries that hire employees for 1/3 of what the American work force was paid. Tell the GOP to stop letting corporations run our country, and let the American people run it, since the Constitution says so! Money is NOT politics, nor is it votes. Corporations should answer to us, and we should control the corporations. If you're tired of high gas prices, high food prices, and well essentially not being able to save any money while barely surviving from paycheck to paycheck, then stop following the blind imbeciles that run the GOP and see for yourself that this country has been bad off under every Republican leader it has had since the 1920's! Only the Democrats have offered policies and programs that help every citizen of the United States. Name one policy or program that the GOP has created in the last 50 years that helps everyone and not just the top 1-3% wealthiest Americans. You know you can't.
Good lord... It's okay to disagree with the GOP, in fact while I'm sure I disagree with you politically, rational discussion about different ways of approaching issues is very important.
What pisses me off though, is people that say stuff like "LOL they think the american people agree with them"...
1. A majority of their constituents, who they are supposed to represent, voted them into office. YOU did not vote them into office.
2. YOU are not the majority. While you obviously tend to associate with like-minded individuals, your extremely small sample size of what Americans think is flawed.
Just a thought or two... if Democrats are so in love with the idea of higher taxes for the "rich", why don't the "rich" Democrats pay their taxes? Timothy Geitner, Tom Daschel, Bill Richardson come to mind as does Jeff Immelt's (Obama's BFF – biggest financial friend) GE Corp ($5.2 billion untaxed profits for 2010)...
I mean, there's no law that says you can't pay taxes you don't owe if you feel it would be a "good" thing to do (it's called a donation to the government without political motivation)...
Please believe me, I'm all for the "rich paying their fair share"... how bout we start with the "rich" Democrats "paying their fair share" (maybe BEFORE they get appointed to a Cabinet office).
This is the danger in "soaking the rich": right now about 46% of Americans pay no taxes. And they vote. If taxes on the rich are raised again, we'll have more than half the country voting themselves government services, but paying nothing for them. You think we have a debt crisis now?
Love the people who think big business pays more than there share of taxes. If that's the case, then why do they need high priced accountants to decipher over 71 thousand pages of tax code? Reason is that there are loopholes in that code that companies are able to jump through in order to heavily cut their tax burden. The average 'joe' has no access to these types of taxation 'discounts'. I don't have a problem with businesses making money, but when you are a commodities monopoly, making your money off the backs of the low and middle class, with no choices available to them to change from a competitive standpoint, that's a crock of BS. These are the same companies that enjoy moving much of their jobs overseas to save money, but relieving that much more from a tax perspective. I'm for rolling back the GB tax breaks and for penalizing companies using illegal labor domestically, as well as penalizing for moving jobs overseas. If these companies don't want to create jobs here in the US, then we don't need them.
When Boehner compared working with Obama to Jell-o, he misspoke. What he really meant was feces.
Chi – the tax breaks ends in 2012, just like they are supposed to. Apparently you do not pay much in taxes or you would know this. As for democrats being re-elected, I doubt it. They just want to increase TAXES, cut our SS which we paid for, medicare, medicade, 401k, pensions .. etc. Democrats have no financial responsibility gene.
John you sound like this schmuck I know named John Batey.
Obummer is the real culprit. You can't throw billions of dollars down the toilet, call it stimulus, shove Oblahblah care down our throats, play golf, take vacation after vacation, walk out on meetings that don't go your way, then expect some big deal to materialize. Elections have consequences, REMEBER! Get ready for 2012!!! Obama, gone. Peelosi, gone! Reed, punk!
"In the last election", the republicans won one house of Congress. This is not a mandate for radical economic policy that failed under both Bushes. Nutballs Boehner and Cantor have unrealistic views ot fhe majority of the American public's view on the budget deficit.
@Nevada George- have you ever tried to pay too much tax? The government is legally not allowed to keep the extra. That is the silliest argument I have ever heard.
what is government itself but the greatest
of all reflections on human nature.
I am sorry Dahly, but that is completely false. As a matter of fact, the top 1% of the country who hold 35% of the wealth are being taxed less by percentage than they have in 50 years. Please check your facts. The fallacy in all of this is exactly what you are saying. There is no attempt at negotiation or compromise with a large portion of the Republicans painting themselves in a corner by signing a ridiculous no-tax pledge in the first place. A pledge John McCain refused to sign before running for president.
You're a moron. The top 1% pay 38% of federal taxes, while the ENTIRE bottom 50% pay only 2.3%. This isn't an argument about "wealth retention" as you liberal idiots like to sqwak about. It's about basic fairness that the "poor" need to shoulder their "fair share" of the burden too.
Correct....look at tax rates under Reagan...Google exists...do your basic homework before posting with blinders on. Tax rates are the lowest ever in this country for the wealthy and corporations. End the Bush tax cuts. Imagine Bush cutting taxes during two wars. Do the math. End the tax cuts. This is not raising taxes, it is readjusting tax burdens back to where they were 10 years ago. And stop loop holes, off-shore havens, etc. The most massive shift of wealth happened under the Bush admin. Time to end trickle-up economics.
The problem is that the only thing we know for sure is that the Dems WILL raise taxes BUT, history has showon that we never get the promised spending decreases and in this case the Dems will NEVER NEVER reform the entitlements in this Congress.
Brian, the fact is, the health care bill will raise many taxes for the rich (and eventually for everyone). If you add these tax increases with the expiring Bush rates and the loopholes closing etc etc etc we won't come close to making a dent in the debt and deficits. Not only that but it will hurt real private job creation that is the key to lowering unemployment and generatying revenue. The more people working and dare I say the more wealth we create by allowing Americans to do what we do best, FREE MARKET CAPITALISM, and with real entitlement reform, the faster we will get back to where we belong.
To all those saying that the poor need to pay more taxes because the rich are shouldering the burden, if you're poor, how are you going to pay taxes? 30% of 30,000 a year means A LOT more to someone who's making that much than 30% of 1,000,000 dollars to someone who has quite enough already to survive. After that 30k person is done paying for rent, food, other necessities, they probably have very little left. The one with 700k left after taxes is still going to have quite a lot. Chances are, they also have an accountant that gets them to pay much less than 30%. anyway.
Brian, you need to consider that you are only looking at Federal Income Tax, not state taxes, property taxes, fees, taxes on goods coming into the US, employment taxes, rises in HC, raising costs of gas, raising cost of food and food by products, taxes on new and used equipment and here is a big one – estate taxes. That last one will kill many of the small and medium businesses in operation today. I didn't even mention the expenses of law suits many companies, like Boeing, have to bring against the governmnet to try to protect themselves against overburdensom "rules". BTW, you talk about the wealthy like they are all individuals when in fact most of them are people who own businesses.
CW spanker your math is smoke and mirrors .... how can you think that the lower 51% can pay more when they have lost their homes and their jobs now we have a Repuke congress that lied about creating jobs to get elected and then goes after unions , health care and SS .... in my book that's Treason ..... the top has all the money even my 401k money ........ I think the GOP lives in a bubble that is about to pop ........... GOP has done nothing positive ....... Pres. Obama is the only adult in the room ........ grow up Repukes we are all americans here ........ you all are Drunk with Geed and hate the less fortunate ....
Thanks Brain you are absolutely right. That is why Warren Buffet says he pays less tax proportionately than his secretary.
Most of his income is taxed at a 15% rate because it is capital gains income.
While the actual dollar amount may be more, the percentage of what they pay against their income is less than the middle and the lower class and it is at a historically lowest point ever. Let go back to what they paid right after WWII...
I don't understand how some people try and argue that the poor need to be paying more of their fair share of the burden. You can't get water from a stone. If they are poor the point is THEY HAVE NO MONEY. That's what people don't seem to be understanding. If the U.S. Median income is 31K in 2007 and you take the lowest half, how much money can you really get out of a bunch of people all making basically under 30K? And if you do take more money from them, won't you just have to funnel more benefits to them? That seems to be a really obvious observation. How the hell can you expect them to shoulder more of the burden if there just isn't any money there?
I use to be in the higher tax bracket.....never minded it....said It was apparent I made it so should pay it! One thing to remember is those who have money have lots of places to hide it or get around paying taxes. Farmers don't want to pay so they buy new equipment to write off, same with companies. Get real GOP'ers.....taxes is what pays to keep our country the one where everyone wants to live. Granted, I don't like those that abuse the system and this needs to be cleaned up, but the USA is the ONLY place I want to live. That is of course as long at Boner and his side kick Eric never become president.
Rob, This notion of "trickle down" economics is just another HUGE LIE from the republicans! Tax cuts have NEVER been shown to create a SINGLE JOB! Not ever! This is THE BIGGEST LIE being told by the republicans today! You CANNOT increase revenue by REDUCING the primary source of revenue! This foolish thinking is the reason we have the HUGE deficit today! That wet stuff YOU THINK is YOUR economic "benefit" is just the rich peeing on your leg and telling you it is raining ! Wake Up! The only results we get from tax cuts to the rich is lost revenue to the Govt. and bulging pockets for the filthy rich! Remember, the wealthy don't get rich by paying their fair share of taxes – They get rich by making YOU pay THEIR FAIR SHARE of taxes !
The top earners pay at a lower rate because the bulk of their income is in the form of capital gains, which is only taxed at 15% for anyone who earns capital gains. That is why Warren Buffet says he pays less a percentage of tax than his file clerk....and no the tax rate is not 39% it is 35%
Most recent available data from the IRS:
Income group %of total income % of taxes paid
Top 1% 20% 38%
Top 5% 35% 59%
Top 10% 46% 70%
Top 25% 67% 86%
Top 50% 87% 97%
Bottom 50% 13% 3%
Table 1. Summary of Federal Individual Income Tax Data, 2008(Updated October 2010)
Number of Returns with Positive AGI
AGI ($ millions)
Income Taxes Paid ($ millions)
Group's Share of Total AGI
Group's Share of Income Taxes
Income Split Point
Average Tax Rate
Source: Internal Revenue Service
@Skinner After deductions, write-offs, subsidies, lower rates for capital gains the wealthy wind up paying about 23%.
Quoting PolitiFact on Timothy Geithner's statement that the top 1% pay a tax rate in the low 20%....they have a half-true,but then revised.
"We have to correct the biggest problem in our tax system today, which is that it’s just basically unfair," said Geithner, a 1983 Dartmouth graduate. "If you are fortunate enough to be among the … most fortunate 0.5 percent, 1 percent of Americans today, your effective tax burden is in the low 20s, the lowest it’s been in decades and decades and decades — lower than somebody who might make substantially less money."
The wealthy have always been able to take advantage of tax breaks, so it's not like millionaires all pay the top tax rate of 35 percent. But is the disparity that large?
Let’s break Geithner’s statement down into its parts:
* The richest group is paying in the low 20s;
* That tax burden is lighter than it has been in decades;
* Their effective tax rate is lower than for people who make much less."
Geithner was largely correct when he said the top 1 percent pay rates in the low 20s, a tax burden that is historically low. But he's wrong that the wealthiest enjoy effective rates "lower than somebody who might make substantially less money." We rate the statement Half True.
UPDATE: This story was updated to clarify our characterization of Geithner's message about the richest 1 percent of American taxpayers. Our initial article said Geithner was wrong that their effective tax rate is lower than that of "most Americans," including ones who earn substantially less. We have changed that to quote Geithner directly in saying that the wealthiest enjoy effective rates "lower than somebody who might make substantially less money."
Any way you slice it or dice it 20% is not enough to sustain everything what we as American's need to provide a working government.
We have a revenue problem...end the Bush era tax cuts, and rework the tax code...by eliminating unnecessary tax subsidies...such as to big oil, and farm subsidies to big non-farming corporations.
Brian, apparently you are in a democrat trance or have some real head trauma. THEY(democrats) want to raise EVERYONES taxes, cut everyones SS, medicare, medicade, 401k, and again pensions.
isnt it concurrently possible that
A) rich 5% of households are paying less than ever AND
B) half of all household pay nothing.
could it means the middle who ACTUALLY have no choice to pay their taxes might be
a) paying more percentage wise than they have in the past AND
b) are unable to save for retirement AND
c) are unable to adaquetely pay their bills AND
d) are resentful of the top and bottom AND
e) are unaligned with dogmas of the right AND
f) are frustrated with sacred cows of the left.
just a thought...
Taxes are at a 60 year low. The wealthiest americans have over DOUBLED their % of U.S. wealth in the last 30 years. Income disparity in this country is the greatest its been since 1928. To say that the entire burden of balancing the U.S. debt should fall on the backs of the poor and middle class is just insane. Democrats should hold firm on tax increases for the wealthy and rich corporations (who pay almost no tax now in some cases). Republicans are rediculous in their stance of protecting tax breaks for Big Oil and Corporate Jets.
"tax the rich!" "tax the rich!" "it's Bush's fault!" "it's Bush's fault!" instead of solutions, all you can do is lob rhetoric bombs. you class warfare, tax and spend democRATS are pathetic.
That corporate jet tax break is for people who purchase American made corporate jets. I guess we could end that and over regulate ourselves out of yet another market. Think about the reason these breaks were put in in the first place. The share of the tax burden on corporations is already a leading cause of declining American competition in the global market. Corporate rates in the US are obscene and THAT is why American jobs go overseas. So your solution is to increase those taxes? I fail to see the logic. If you have ever worked for a small business or dealt with state/federal employee's and procedures you would realize how inefficient government is. It is like putting speed bumps on a 65mph highway. Why would you ever want a big obese slug like government to have a greater role in a capitalist economy?
@ Jones you are absolutely right. We should raise the tax rate back to the Clinton era rate...which in itself was one of the lowest tax rates, in history.
"We should raise the tax rate back to the Clinton era rate...which in itself was one of the lowest tax rates, in history."
Do you actually think before you write? Your premise is that low taxes help, but you suggest that taxes should be raised from today's already low rate to a higher rate (just not as high as you would like for it to be).
Why not, as your premise suggested leave taxes where they are since they are already low so we can focus on the over-spending?
FACT: its time for a FLAT INCOME TAX RATE with NO DEDUCTIONS.
@Always Been an Independent:
George W. Bush added $5Trillion to the National Debt and the interest on that debt costs about $4Billion a year.
The money has already been spent. Raising the tax back to a level that helps pay down that debt is the wiser choice.
We do not have as much a spending problem as a revenue problem. Paul O'Neill told Bush that his tax cuts would destroy the economy...and that is why he was only Treasury Secretary for one year.
We have a revenue problem. Eliminating the Bush tax cuts would pay down the debt by 50% in 10 year, then debt to GDP would be well within reason.
@Jon – Everyone needs to bleed for this country and the little guy in this country has bleeding for some time now. Rich people THINK their bleeding, but they are not going to bed on empty stomachs of seeing homes go into foreclosure. Your economic theory is one thing, and technically feasible, but it is not reality as these massive companies have had record profits tin 2010 and continue growth into this year, with record bonuses, and instead of hiring new employees, they laid off hundreds of thousands and continue to lay off even more, so how is it that this tax break creates jobs? They have not created jobs. They have created Un American GREED. We're loosing jobs because of a resentment towards the President by big business. it is called sabotage and it is utterly un-american and disgusting.
80 to 90% of Americans are in favor of raising taxes on the wealthy and closing tax loopholes. Are Republicans representing 80 to 90% of the people, or just the wealthiest few?
They're representing 80-90% of the unlimited speech in the country.
And since the Supreme Court ruled that money = speech, they're representing mega corporations and about 2% of the population.
The polls last November seem to dispute that 80-90% figure.
According to factcheck org the percentage of people saying keep the tax cuts is 35%.
According to Gallup (13 July 2011), 20% prefer a deficit reduction package comprising only spending cuts. While 30% prefer MOSTLY spending cuts, 70% favor raising taxes at least a little in some way or another (as much as it chagrins me to learn it).
That's like saying 80% – 90% of people favor increasing taxes on someone else. Of course they do! The bottom 90% favor increasing taxes on the top 10%? SHOCKING!
It's down to 20% today, Jean.
"While 30% prefer MOSTLY spending cuts, 70% favor raising taxes at least a little in some way or another (as much as it chagrins me to learn it).
30 percent want mostly spending cuts, which means they will accept tax increases to an extent.
70 percent say they want to raise taxes a little, which means they still wan tthe majority to be spending cuts....
Looks like they are saying the same thing. Reduce spending, raise income a little. The symantecs of the question probably has more to do with the 30% or 70% number than the actual substance of the issue (logically, they both mean basically the same thing). Someone please try to get some reading comprehension to these people taking the polls...
The R are screwing this one up (income has to match expenditures or you go bankrupt and it's daft to think that spending cuts alone are the fastest way to get it done, raising taxes AND stop the spending will get it don faster)... The D's history doesn't help them (they historically tax and spend while never reducing spending). I'm a registered republican, but I'm voting 3rd party next election becasue both sides of the isle are acting like my toddler. Wait, that isn't true... my toddler doesnt throw huge fits and blame everyone else yet, she's not 2 yet.
Then the GOP will lose in 2012 and the house will belong to the Dems. What planet did you come from? Boehner won't bring it up because it will pass with Democratic help, but then he would be voted out of his seat for making the deal. Seems his political career is more important than say running the country...geeezzz what a tool the pair of ya.
Unfortunately, this is where you might be wrong. The GOP losing in 2012 isn't a for sure thing.
During the campaigning, the Republicans will spend TONS on anti Democrat / Obama ads that rely on lies, fear, and the fact that many Americans are pretty illiterate when it comes to politics. They hear these soundbites in between watching their reality shows, and these half-truths and fear tactics are what will influence their vote. NOT how they wanted to keep lower taxes on the rich while effectively raising them on the lower and middle class by cutting social service programs.
Would be nice if there was some law that forced politicians to actually make commercials that told the truth instead of what we have now.
all men having power ought to be distrusted to acertain degree.
First NY-26, then the recall of 6 Republicans in WI and now McConnell bailing on Boehner and the party to save his seat. At least McConnell see's what is coming if the country goes into default thus he has the disclaimer card to play when due to rising interest rates on loans, companies will start layoff's in order to cut cost. This is how you save jobs by not getting rid of loopholes? You and the T-party should have read your books on being down graded by moody's and what it does to company cost in class.
As far as Wisconsin all the ones that ran should be recalled too. We can't have people running from their jobs.
Leonard...Sorry, the Repubs ran fake candidates to force a primary, that the good folks of WI saw through and every Democrat kept their seats. The Repubs that voted against the workers of WI will not be so lucky.
Both parties need to work together for the good of this country instead of playing political games. That's what they were elected to do. It's just common sense if you spend more, you need more coming in. So it's time to cut spending (and not just on entitlements. I have not received a COLA in 3 years) and increase tax revenue through reform or tax increases.
The American people deserve a balanced budget which will also lower the deficit. It's time Congress put on their big people pants and did their job.
Exactly, Boehner claims they aren't firm on anything. Well, that is called being open to other ideas and willing to compromise. You really should try it. Compromise is what governing is all about.
Boehner has done nothing but whine about how hard it is to govern since he became speaker.
I think you are dead wrong!! Polls already show that while the majority don't like taxes, they are willing to take the increase rather than the alternative. People are beginning to realize that Republicans are on the wrong side of this. Also, think about which party has receintly won the special elections. And, in Wisconsin, all the TRUE Dems won their primarys inspite of all the dirty tricks the Reps tried. I think the mood of the nation is changing and in '12 the republican party may become irrelevant.
Don't forget the Republican's stunt in WI cost the taxpayers millions to run those primaries.
If they are paying almost all taxes then they are earning almost all money then 98% of Americans. Have you thought about that.
Do some research. Go to the IRS' website. The EFFECTIVE tax rate is much higher for the rich than any other group. Our income tax system is incredibly progressive. All of these arguments about the poor paying social security and Medicare taxes is great and all but those are not the taxes in question here. The debate is over whether to raise INCOME TAXES (the largest pool of federal receipts, btw)... of which we only have a 53% participation rate. Effective tax rates for the rich are roughly the same as they have always been. Sure the statutory rates are lower (35%) than historical average.... but you have to consider the impact of deductions (or the level at which they're phased out in the case of the rich) to arrive at the relevant stats. The "rich not paying their fair share" argument is bunk. Nothing but thoughtless class warfare at its worst.... and it is easily refuted by simply going to http://www.irs.gov. The real issue is federal spending.... at over $3 trillion per year, it is more than DOUBLE what it was a decade ago. You read that right... double. Again, check the stats. Go to the Treasury Dept's website this time. Total federal spending in 1999 (the last of the "Golden Clinton Years")? $1.6 trillion. It went from $1.6 trillion in 1999 to over $3 trillion last year (closer to $3.5 trillion, actually) and this year. The wars in Iraq contribute to just under $200 billion per year of that. Point taken. But what about the rest? The overwhelming majority of the increase? It is literally impossible for the government to collect enough taxes to cover current spending levels. But uneducated ideologues don't care. They'd rather try to tax the hell out of us and demonize people who pay far more as a percentage of their income than the less productive among us. It's a mob mentality and it is cancerous. BTW – do you really think that raising taxes on people so that they can't become more rich than you'd like them to be will somehow make you better off? Do you actually participate in the real, adult world?
Most of the very wealthy earn their money on capital gains which is taxed across the board at 15%...and that is why Warren Buffet says he pays a lower tax than his file clerk...he means at a lower rate.
Dahly is actually Bohener trying to get the "opinion of the American people" so he can say "AHH! Told you so"
Sorry Bohener/Dahly not happening, why would 99% of America be in favor of putting six digits into the 1% of already millionares while we are broke; just so we cut our are healthcare,schools, and public welfare? SCUM
Bhoser – did you miss the part that democrats want to raise tax for EVERYONE? Do you think the wealthy can pay the debt off? The approximate 10% break (paying 25% instead of 35%) investment tax credit that the 'wealthy' get ends in 2012 as scheduled. The tax increase that the democrats want will ALWAYS be there, if the politicians have $$, they WILL spend it.
And how much interest do the wealthy pay on their homes and cars? How many of their homes are rental properties, pulling in thousands per month, without raising a finger? Who gets all of the interest that the middle class must pay?
Poor rich folks! They need the rest of us to give them a break... NOT!
Because running and maintaining rental properties requires no regular work, risk of loss, or massive initial investment.
Sure, it takes capital, but not much time (that's what mgmt companies are for). So once you have enough, it's easier to get. With none, it doesn't work for you, it becomes your enemy.
Black hole sun
Won't you come
Won't you come
Stuttering, cold and damp
Steal the warm wind tired friend
Times are gone for honest men
And sometimes far too long for snakes
Racist , bigot ............. low life comment ........ childish at best !
What are you talking about fool. They're paying the whole share now. Anyone making less than $100,000 are not paying taxes, ANYONE MAKING LESS THAN $25,000 ARE GETTING BACK ALL THEY PAID IN PLUS SOME. YOU ARE FOOLS TO THINK IT WILL FLY TO TAKE FROM THE RICH TO GIVE TO THE ILLEGALS IN FINANCING THEIR STAY HERE. THE PORCH PEOPLE WHO MUST HAVE THEIR WINE AND MJ TO SURVIVE ALL AT THE COST OF THE RICH. THIS IS A PITIFUL NATION. THE REPUBLICANS SHOULD DRAW UP A BUDGET RIGHT NOW OF NO DEBT CEILING INCREASE AND NO TAX INCREASES. CUT WELFARE AND ANY MONEY GOING TO ILLEGALS. PRESENT FOR THE DEMOCRATS TO SIGN OR NOT SIGN. THE BALL WILL BE IN OBAMA'S COURT TO DO SOMETHING ANYTHING WHICH HE HASN'T DONE SO FAR UNLESS IT WAS ILLEGAL. NO MORE OBAMA AFTER 2012.
Sank, Do you have your GED yet? It,s not hard I hear??? Try it, you might pass!!!!
Those of us earning less than $100,000 pay not taxes??? You must either be a complete moron or super rich to be so incredibly out of touch with reality.
Sank, you should really look up your demographics before making such a ludicrous statement about the non-elite (those making less than $100,000 per year). According to the US Census Bureau, the MEDIAN US income in 2009 (the last US CB report available) was $49,777 Sank. And only 20% of Americans have an income ABOVE $100,000. So what you're trying to tell me is that 80% of Americans pay no taxes. Pull your head out of your nether regions and put it in reality here.. Those of us making less than 100k–the vast majority of Americans–are not only paying taxes, but are being squeezed rather hard. Meanwhile the richest of the rich are paying the lowest taxes in 50 years, and owning corporations making record profits, as the average gap between CEOs and the lowest paid employees within a given company is amazingly wider here than in any other non-third-world country. What Republicans stand to lose is the vote of that 80% of the population and more–basically anyone but the super-rich. At that point they become irrelevant dinosaurs who will no longer ever be able to carry a majority vote.
I make $21,600.00 per year, part time and get around $10,000. in social security. I pay taxes each and every year , so where do you get off saying noone under 100 K pays taxes?
The first tax cuts for the wealthy were by Ronald Reagan, and then BUSH- they need to restore them back to EIsenhowers administration and get real.
The wealthy would not be wealthy if it were not for the poor and middle class giving them money.
Think about it...if you could magically transport the entire population out of U.S. and leave only the wealthy...who would but their products or build their buildings or do manual labor for them?
When I was working fulltime , I had a tax percent increase every time I hit another tax bracket.....
Once I got a 300.00 a month raise, and it was all ate by the higher taxes, so I was worse off than before. It really irks me I have to pay thru the nose and thoise who are truly wealthy pay less a percent of income than I do.
Those making under $100,000 are paying no taxes? Really Sank? I make $56K a year. I paid plenty of federal income taxes and recieved no tax rebate – actually I had to pay. Get your facts straight.
OK...if everyone under 100k isn't paying taxes...how can everyone making 25 k being getting back "everything they paid and then some..."? Geez...and i thought I was bad at math...
Anyone making less than $100,000 are not paying taxes at all? What? I make $45,000 a year and pay nearly 30% in state and Fed Taxes combined. What in the world are you talking about! I'm the backbone of America paying a ton in taxes!!!
Sank, Are you just a talking point spew machine? I see facts are not your strongpoint.
it should be donk. i'm a business owner who makes less then 100k in salary and in returns from my business but yet I still pay 30% myself. if you factor in what my business pays in taxes for payroll, etc what I pay plus what my business pay its probably closer to 40%. You find me a millionaire or billionaire CEO who pays almost 40% taxes and then you can tell me that they carry this country. its small business owners who employee this country, its small business owners who can't get business loans because big businesses screwed the whole system up and they did it with the GOP's help. there is just as much corporate welfare out there their called tax loops and GWB's tax cuts
No you don, Liza. That is mathmatically impossible. If you make $45K per year and just go with the standard reduction and one personal exemption your effective federal tax rate will be around 10% ($4K max). There is not a state in this country (not even those lunatics in California) that has a 20% income tax rate to make up the rest of your alleged 30%. BTW – if you have a spouse and kids, your $4K federal income tax bill disappears very quickly. Why would you come out here and post such an easily de-bunked lie/exaggeration? This is the problem with public discourse these days... people get so caught up with defending their ideology that logic and facts go right out the window.
BTW – I am in the top 2%. Not a millionaire or billionaire.... but my wife and I make a very comfortable living. Combined income last year was just under $500K. Our effective federal income tax rate was 25.6% (paid $124K in federal income taxes). That doesn't count SS, Medicare, property taxes, state income taxes, etc. Just federal income taxes. When we made less money our effective rate was lower. As our incomes have grown over time, our effective tax rate has grown right along with it. In other words, the more we make the more we pay as a percentage of our income. We don't actually get a mortgage interest deduction, personal exemptions, child tax credits, etc... they're all phased out in part or in full. I'm not complaining about it... but I am laying out the facts. You may think it's unfair that we make what we do and that's a different debate.... but the relevant fact pattern is obvious here. (A) you don't pay 30% in state and federal income taxes; and (B) the more you make, the higher your effective tax rate. Any other points to be made can only be emotional and/or ideological.
Sank you are an idiot,
I make less than 100,000 and I pay about 33% of my income in Taxes, Get you facts straight before you sound off. Additionally, I did not hear any rich person or republican barking 2 years ago when it was decided to give them bailouts for the financial mess they caused and it was OUR TAX money used to do so. Corporate Welfare is one of the largest expenditures we have and not welfare to the poor. Social security and Medicare are Insurance plans that we PAY FOR! They are NOT FREE GOVERNMENT GIVEAWAYS!
You're not in the top 2%, my friend... sorry.
I've never made over $100,000, but every time I figure my total tax rate (fed, state, local, SS) it ends up being over 30%. When you figure the regressive nature of SS, and capital gains rates being lower (and the loopholes to convert regular income to cap gains), many of the very wealthy pay a lower effective rate than the middle class.
And to the original poster, the earned income tax credit was signed into law by Ronald Regan and he was proud of it. Anyone who wants to raise taxes on the poor can't be taken seriously.
An argument that I don't see, ever, is that while the rich are paying more absolute in taxes, they are also making more in absolute numbers of income relative to other brackets. The Proportions of income required to just eat, breath, sleep, go to work, are alot higher in the lower income brackets than in the higher. The lower the income, the less your choice, you pay more proportionally for your food, for where you live, what you drive, and If you have kids? That just drives it further. So, yes, the rich pay alot more absolute numbers in taxes, but fortunately for them, they have a smaller proportion of thier income to pay towards the essentials, thier choices are greater, they can choose to purchase a 5M home, or a 500k home, they can choose to get a 40k car or a 200k car...It is thier money, but in the end, if you break the back of the lower income brackets, you won't have a upper bracket anymore, because there will be no one to work in the factories, get them thier coffee, mow thier lawns etc.
Grover Norquist won't allow the republicans to raise taxes in any form. How did this man get so much power?
ACTUALLY...Warren Buffett pays about 20% in taxes on his billions. His secretary earning $60K pays about 35%. Warren Buffett's OWN words. Look them up. THAT is the problem. If everyone DID pay their fair share without the damn loopholes, we probably wouldn't have this mess.
Cal – really wish you were right about both. Perhaps the secretary has claimed '0' for dependants, her choice. Calm down and you will understand unless you are totally brainwashed by the dems. Buffet is paying on his income, what ever his yearly income is. The rest is INVESTED in companies or in stock and bonds. Buffet will pay even higher taxes IF he withdraws his INVESTMENTS. Now try to understand that the democrats want TO RAISE TAXES FOR EVERYONE AS WELL AS CUT SS, Medicare, Medicade, your 401k, pensions, etc. THINK!!
It's funny that you are sticking up for the "rich". Do you qualify as "rich"? And you think it's fair that most Americans pay a 25-28% tax rate and the wealthiest corporations pay ZERO? The wealthiest among us pay, at most, 15%. So it's fair for rich people to pay only a tiny portion of their income and for the rest of society to pay a bigger chunk of theirs? I don't think so! You determine if someone is paying their "fair share" as a percentage of income, not with an idiotic metric like "they pay more than we make in a year". How small minded can you be? You know what? I paid more in taxes last year than the median income of the county in which I live. Does that mean I paid my fair share? NO. I make more than $250,000 per year and I would GLADLY pay more in taxes if it meant that my neighbors would get their unemployment checks and guaranteed healthcare. That's the difference between progressives and conservatives. Progressives actually care about others.
Sorry Dahly, you're sorely mistaken. Were you born in a barn?
Lol....Their fair share IS the majority of taxes.... Since 1% of all Americans own 35% of it's wealth, they should pay accordingly....The next 19% of Americans own 50% of the remaining wealth, allowing the remaining 80% to fight for 15%....The fact that the 25 top hedge fund managers made $22 billion, yet pay only a 15% tax rate, while I make $40,000 and pay a 35% tax rate, and Republicans will cit $85 million from WIC, while protecting $3 billion for corporate jet owners is a very skewed priority system.
Excellent point about the whole "read my lips" thing, Bush Sr was dumb enough to believe the democrats when they said "if you let us raise taxes we'll cut spending" and then those same democrats spend the rest of his Presidency screaming that he violated his no new taxes pledge, and of course they never cut the spending they promised either.
So where exactly is the incentive for anyone to trust these same lying scum a second time?
Bravo John, truth at last.
""if you are unwilling to ask the wealthy and special interests to pay their fair share," Fair Share? They're paying almost the whole tax burden now!"
That's because the wealthy are skimming off the vast majority of income.
Dahly, you are full of it. The dwindling middle-class types like my self are shouldering the burden.
Screw the rich and the corporations, as much as they screw the the public and the government. The private sector needs to be out of the freaking government, period. And lobbyists for them should work pro-bono as well. The hell with the Republicrap method of letting the market dictate, that's what got us in this mess in the first place. Not to mention GREED. The document says: Government of, for, and by THE PEOPLE, NOT THE F-ING CORPORATIONS.Go jump in the lake.
"they are paying almost the whole tax burden.." – right, after they take almost the WHOLE profit and pocket it, stiffing the middle class worker, when they OWN almost the entire wealth of the nation, they dare complain about paying the most taxes?
If you don't want almost the entire tax revenue coming from wealthy, then you need a wealthier middle class. Instead of offshoring those jobs to India to save a few million for next CEO bonus, how about hiring some American workers, at greater cost but knowing you help make America stronger and economy more stable.
What had the wealthy people paid for yet? Really!!!! if anything how much more do they want. If anything good is to come out of this debate in congress is that American can finally realize who the Republican leaders are and how little they care for the middle and lower class. You can tell how much they care just by looking at Boehner's permanent tan it seems like at the end of the day he had no worries but to go to his country club and glare at his good life while most Americans are struggling. I hope this does it for the incredules who still believe Republicans representatives have conservative values.Maybe the Republican doctrine stands for that but not the people in congress who stands behind the principle and pretend they share it. Who do they think they are kidding? oh let me guess the incredules.
You seriously do not know anything about the tax code. First, the wealthy are not paying most of the taxes, the middle class is. The wealthy can afford high price lawyers and accountants to find every loophole possible to shield their wealth from being taxed. The middle class use Turbo Tax and hope for the best. Secondly, the wealthy are enjoying a couple of decades of republican tax cuts and have seen their wealth rise exponentially while the middle class has been faltering with stagnant wages and job cuts. Finally, no one prefers to be poor it is a human condition that everyone I know would not wish on anyone. The Republicans love to clothed themselves with Religious moral principles. well guess what? Christ then must of been a Democrat because he was for the poor and even stated that it would be easier for a camel to fit through the eye of a needle than for the Rich to enter the Kingdom of God! Funny how republicans forget that message.
Incorrect. The middle class has the highest tax burden. Look it up if you don't believe me.
The reason the very wealthy pay a lot is they make a lot. What would a millionaire sacrifice if he paid a fair share? Food, shelter, medical care, or clothing? Of course not. With loopholes and slipery tax lawyers they actually pay far less than the rates on the tax codes. Are they the "job creators"? If they are I'd ask about the jobs that went offshore and the money they've got stashed in overseas accounts – not invested. We've had these tax rates since Bush – and Al Gore predicted the fall. Republicans want the middle class to sacrifice so their boys can continue to sport around in corporate jets. We are creating an elite class and just like every nation in history, when the gap gets large enough the poor will revolt and redistribute the wealth – usually in a bloody coup. We are creating a population of wealthy people whose children won't need to work, won't defend the country, and won't give a crap for the lower classes. Like Mexico.
The wealthy and the large corporations do NOT fair share..................never have.................on top of that the corporations outsourcing American jobs should be DOUBLE taxed...................the tax burden has ALWAYS been on the back of the middle to lower middle class in this country..................the ONLY Jell-O I see here is between the ears of Boehner!
Dahly...you are not very bright, are you?
"Fascist" Cindy? Really? Why would anyone take you seriously when you make asinine comments like that?
This must be Boner posting this crap.....You do not have a clue as to how ugly this is going to get.....read my lips pinhead....I can sum it up in seven letters, see if you can figure it out, you and your ilk are just going to be bad memories....
"Read my lips...." ended up "well actually I'm gonna have to raise taxes". What so many GOP fail to realize (or admit to) is that both Reagan and Bush Sr. raised taxes to cover some budget deficits. It's convenient now to use those old talking points because Americans have such short term memories, so we'll just remind them now.
And as far as tax increases go, the Dems really just want to close loopholes in the tax code that allow the wealthy to avoid paying their 'fair share' (Warren Buffet has noted that he pays about 18% in taxes while his secretary pays 28%... many (if not all) wealthy people are able to do this. Stopping subsidies to oil companies, that are making RECORD profits, is not a tax increase, it's removing a subsidy to an industry that obviously does not need it.
The GOP leadership needs to be more honest. The Dems want to clean up the tax code and have been conceeding a lot of ground on SS and Medicare (which would be fine if the US gov't hadn't been gleening from it for so long (both parties are a fault with this) and yet, the Reps keep crying for more and more and won't budge an inch the Dems way.
I sincerely hope that the Reps get voted out of office in droves next election then maybe America can be turned away from this self-destructive path the GOP seems to want to drive it down.
I'm not rich, and I'm willing to pay more taxes. I love my country enough to help pay off OUR debt, why won't you? I'm tired of the rich whining. If it's so bad here, leave.
"They're paying almost the whole tax burden now!"
Irrelevant. They're paying what they've been paying for years. It's nothing new and it does not represent a sacrifice to rein in the deficit. The wealthy really haven't been asked to sacrifice anything to help with this problem.
Yes, I remember "Read my lips", and then he raised taxes because that is what he had to do, and Speaker Boner is going to have to see he cannot protect the wealthy forever.
The republicans do not want the rich to pay their share of taxes as that would keep them from recieveing the gigantic huge contributations they get from the , Also the wealthy can well afford it surely as they have rode the backs of the poor and middle class for so many yeARS IN ORDER TO GET ALL THEIR WEALTH. Let them take their turn in supporting this country they live in and all the benefits that we the underdogs have provided them with. If they werew just hald American as they say they are they would be more than glad to help out in these times and try to get this country on its feet and the rest of us too. They hAVE PLUNDERDED THE ss FUND OF OVER 3 AND ONE HALF TRILLION DOLLARS NOW they want to take even more by cutting more from us, the very people whos money went into it. All of it
All of you please don't quote political hacks but get your states from the source gov web sights. your all throwing around stats about who pays what and have clearly not researched anything nore read your histroy but have relied on soundbites and writtings you already agreed with ideologicaly! trickle down economics IS free market capitalism and that IS the basic American Ideal Freedom to go from poor to ritch to poor again all on your own persuite of happiness. history has shown when kennedy , regan and bush as well as several presdnts before them the economy expands and the tax base increases, revenue goes up. 1994 lead to a balanced bugget not a republican congress repudiation of clinton and clinton signed unemployment reform that now even dems recognized worked. entitlements are not possible to keep as is (that is shared sacrifice) to go with the limit increase to keep them alive for those who need them. raising taxes on anyone ritch or poor drains funds from the economy and reduces the tax pool as those funds cant be used for capital ie wages. You can take all the money every american makes from poor to ritch and not pay of the debt that is NOW running yearly. Please look that up at irs.gov. We are in this together we are all americans its not about us or them and its defntly not whats in it form me. The American ethic is what is good for me and my nieghbor is good for america.
If you dont like lobbiests and croney capitalism loop holes then take the power out of washington. remove tax loopholes for every one and tax rebates for those who don't pay taxes, reduce the overall rate so it is less than other countries and not overly progressive because if officials in congress get large tax revenues they use them to by votes reward lobbiest friends ie GE and punish enemies irs audits just to start. If they have less money thay can do less damage thus less motivation for companies to have to lobby, Simplify the tax code so washington cant use it to effect behavior! IE special interest groups and pet projects. If you want to study history look at the recession just before the great depression. Aks why was it shorter and less sevear when it was enitialy deaper? what gov policies were inacted in each case and what the results were. did they shorten or lengthen the recessions or cause a depressions and then ask yourself why this is the only time in our history besides the great depression that the economy did not have a quick recovery but as then a prolonged recovery of years not months. dont look to one party or the other in this but at the ideas of each and where they were wrong.
If I am not mistaken elected officials are elected to represent the people that put them in office. Look at the response to today's "Quick Vote" question. The question is:
Should President Bush's tax cuts for families making over $250,000 a year be allowed to expire in 2013 as part of a debt-reduction deal?
As of this posting: Yes; 78% No; 22%
Get the freaking picture? You were elected to represent the people that voted you into office not your Party leaders. Do it. Represent the people not your g.d. party.
When Regan was president we were rich.
When George Bush was president we slipped to upper middle class.
When Bill Clinton was president we were upper middle class.
While George W Bush was president we slipped to middle class then lower middle class.
Now we have President Obama trying to save the middle class.
While the Republicans rule Washington we pray that we will not go from middle class to poor.
Now Republican = corrupt and pro corporation,pro special interest,anti middle class!
At least the Republicans can not take away the class we were born with just all our money and prosperity!
You obviously have had no experience being wealthy.
When we were wealthy we paid a lower rate of taxes due to loopholes than we do now.
After both of the Bush's terrible presidency's we went from wealthy to middle class.
We now pay a higher % of taxes as middle class than we ever did as wealthy.
If you think that the rich pay 75% of the taxes that proves you were never rich. Or if you were you had the wordl's dumbest accountant.
Now that the Republicans are in charge of everything but the presidency and vice presidency we will be lucky if we survive as middle class and do not slip into poverty and even higher taxes!
At least Obama is doing the right thing making corporations pay their fair share of taxes and end their loopholes instead of further burdening the disappearing middle class.
Taxes are at very low levels historically. Time to close the special interest loop holes. Time for radical simplification of the tax code so that up and down the income line everyone participates in paying for government at some level. Sorry, but a 5% increase on income over $250K won't hurt any more than the cuts that are coming to social security and other programs.
well guess what. I like my math better.
if they pay 15 percent of their income in taxes you bet your arss I want that too.
your a tool
"the wealthy and special interests ...They're paying almost the whole tax burden now!" you got jello for brain dahly!!!!
Okay everybody: Do we really want to focus on the illusive "fair share" of taxes for the wealthy? Everyone will define that differently. The crucial issue is the economy and employment. If we raise taxes on the rich and it results in more unemployment we've only shot ourselves in the foot. How about any increases of taxes can only be enacted when the economy is in better shape. Maybe when unemployment falls below a certain level. In the meantime we've got to make budget cuts before something happens to us that makes everyone forget about Greece.
A poll suggests that 78% of the people would liked to see the GWB tax cuts for those making over $250,000 to be allowed to run out. Aren't our legislators supposed to be representatives of the wants and desires of the people?
"The only thing they've been firm on on is these damn tax increases.”
So, Obama has been willing to compromise on every other thing discussed, but because he sticks to one important issue, the Republicans won't deal? Who's being unreasonable here?
Its the same issue that the republicans hold....its just an opposing ideology.
Democrats want to raise taxes and spend more money.
Republicans want to leave taxes where they are now and cut spending.
Not saying either is right or wrong, but I know what I would do.
That is incorrect. The President HAS been willing to cut spending. That is a fact. Democrats are behind spending cuts. It's really very easy to find this information. Perhaps they don't want to cut EVERYTHING Republicans want, but that's not the REAL issue (although the Republicans would like you to think so). The issue is, Republicans refuse to negotiate on tax increases, or to close any tax loopholes and entitlements that do NOTHING but increase the wealth of the rich off of the backs of the middle and lower classes. They just say 'NO' and cross their arms. Why is it you expect Democrats to have to cater to the Republicans every demand while at the same time having every one of their demands stricken without any room for negotiation?
You have the positions slightly incorrect: One side wants to cut spending and cut taxes. The other side wants to cut spending and increase taxes. One of those methods will actually lead to lower deficits and eventually lower debt.
that doesn't take into account that there is a massive debt that needs to be paid off. And you can't pay off a debt by just cutting spending
That's also a false statement, a propaganda repeatedly propagated by the conservatives. Democrats are not about tax and spending. As a matter of fact, in the last 50 years, it was only the democrats who actually cut spending, reduced the size of the govt. Clinton, for example, with his Welfare Reform Act and reduction of the Federal Govt., cut hundreds of billions of dollars. The difference is, and this is a huge difference, democrats would want to invest/spend that money into our economy or infrastructure. Conservatives/GOP would rather give that money as incentives. Sadly, both economic history and data show that supply side/trickle down economics of the right doesn't work. Rich people don't go out there and hire people, and businesses use the money to build businesses overseas.
TrueWisconsin: That's not quite right either.
Democrats wanted a clean debt ceiling increase and discussion on this to be done for the 2012 budget (when delays WON'T run the country's economy into the ditch). Then they compromised by agreeing to put token cuts on the table. Then they compromised by putting INCREDIBLY LARGE cuts (3 TRILLION DOLLARS) on the table. Then they compromised by putting their sacred cow (entitlements) on the table. The only thing they won't negotiate on is that at least 25% of the deal be revenue increases.
Republicans wanted to cut 4 trillion from discretionary spending to balance the budget (note- discretionary spending is in the 6-700 billion/year range). Then they compromised to allow cuts from other parts of the budget too. Then they compromised by coming to negotiations with the Vice President until they walked out. Then they compromised by coming to negotiations with the President. Then they compromised by offering a deal where there were no revenue increases, there were still trillions of dollars in cuts, and an AMENDMENT TO THE CONSTITUTION was required which requires a balanced budget.
What's the next "compromise" going to be? The Republicans say they will accept every Democrat resigning from office and the 2012 Presidential campaign being given to them by default?
That is your spin that Democrats want to spend more. You have any sources for your accusation or is it something you pulled out of your backside? You do not have to answer. I know the answer. It is out of your backside.
TrueWisconsin – the one thing you mentioned you may want to requantify. 'The other side wants to cut spending and increase taxes' I think it should read 'The other side (dems) SAY they want to cut spending and increase taxes', which is the lie (cut spending) they told Bush senior they would do but never did.
All they care about are corporations and lobbyists and any one else who gave them a lot of money they used to get elected!
Who are you Dahly? Are you someone with a front row seat in the negotiation process or are you someone with empirical . information, if this the case please share as to aid with the solution. Give me a rundown of the statistical percentages that would fix everything. Critics....... no solutions.
Cut, Cap and Balance the budget. Those earning $250k+ pay over 70% of Federal Tax Revenue. Grow up twit.
Read: The New York Times for April 13, 2010, by David Leonhardt:
"Yes, 47% of Households Owe No Taxes. Look Closer."
Read the whole article.
One paragraph reads:
". With Tax Day coming on Thursday, 47 percent has become shorthand for the notion that the wealthy face a much higher tax burden than they once did while growing numbers of Americans are effectively on the dole.
Neither one of those ideas is true. They rely on a cleverly selective reading of the facts. So does the 47 percent number."
People who make $250K+ can afford to pay 70% of the Federal Tax Revenue you jerk. Who do you expect to pay the higher percentage, those who make less money? That 70% is still going to collect Social Security checks, drive on the roads and ride the railways in our country and probably burden our healthcare system with costs at some point. I'm sure you are one of the $250K +. That's why your whining about tax increases while at the same time calling for deficit reductions but not willing to close your corporate jet loophole.
Those earning over $250k should pay over 70% of the taxes. They have over 95% of the wealth!
You use facts like Bachmann, and she is the real twit. I betcha' you like her and her facts, dont'cha' ?
Dahly Why is your mouth on the side of your neck ...................
Did it ever occur to you that if people were paid more they would pay more income taxes. That if people were given raises commensurate with productivity, there would be more people that paid taxes? Probably not. You just like to repeat the same idiotic nonsense all so called conservatives repeat. Here is a different perspective that you do not want people to think about:
From 1989 to 2010, productivity in the U.S.has risen by over 68% while wages only grew by 12%. In many cases, Americans have worked themselves right out of a job while the CEO’s and the corporate officers, board members or business owners rake in massive profits and then avoid paying income/corporate taxes by utilizing loopholes in the system. It is time to close the loopholes and insist the wealthy and corporations making these massive profits pay more. BONUSES some people receive EACH YEAR, are more than what 30 families earn in pay for the year but they can’t afford to raise pay rates?
In 2010 there were:
485,000 families in America making between $100k-500k that paid no income tax,
14,000 making between $500k-1 Million paid no income tax,
4,000 making over $1Million paid no income tax.
At a time of record deficits, it's not unreasonable to say the rich should pay more, when the law allows even 1% of millionaires to owe nothing in federal income tax. How can a household making more than 20X what the average household makes owe no income taxes? Where are the complaints from those complaining about the poor not paying federal income taxes?
Republican leadership doesn't have a problem with these folks not paying income tax. Republicans only seem to have a problem with the indigent, the poor, the minimum wage worker not paying federal income taxes.
Knowledge is power. Too bad you have no knowledge.
your ignorance knows no bounds does it.
ignore Dahly. facts and evidence are not on his radar. just name calling and making things up.
The president's conceding three trillion in cuts for one trillion in increased revenue. Who's not bargaining here? Boehner needs to pull his people together. If he can't control them, he needs to step down and give the job to someone who can. Hint: Cantor can't control them either.
Just 2 billion cut this year and all the tax increases, 1 Trillion begin 01-01-2012 Such a deal!
People who make $250K+ can afford to pay 70% of the Federal Tax Revenue you jerk. Who do you expect to pay the higher percentage, those who make less money? That 70% is still going to collect Social Security checks, drive on the roads and ride the railways in our country and probably burden our healthcare system with costs at some point. I'm sure you are one of the $250K +. That's why your whining about tax increases while at the same time calling for deficit reductions but not willing to close your corporate jet loophole.
You are an idiot! If you know all the details about the deal why don't you tell us.
FYI. Federal taxes are at the lowest rate they’ve been in over 60 years. Raising the debt ceiling doesn’t cover future costs; it covers commitments Democrats and Republicans have already made to the federal government and the people they represent.
Paul Ryan’s tax plan increases taxes on 90% of Americans, struggling workers, students, and retirees. Under his plan, in the 2011 economy, the top 1% of earners in the country receives a 15% reduction in taxes. It also adds $6 trillion to the national debt with no explanation of how, we, that would be taxpayers, are going to pay for it. Let me say it again, federal taxes are at the lowest rates they’ve been in over 60 years.
GW Bush raised the debt ceiling 7 times, from 6.4 to 11.4 trillion dollars… and he began his presidency with a surplus thanks to President Clinton. Mr. McConnell and Mr. Boehner were party to all of those votes, and none of them offered spending decreases that balanced the fiscal rise in the ceiling. During President Bush’s service, the country experienced the slowest job growth since Hoover—that’s a 75 year span.
Dahly, get your facts straight. There will be no tax increase until 2013 according to President Obama's plan.
Gwats – a few facts for you
First, Bush started with a surplus thanks to the Republican controlled Congress – not Clinton. All spending bills originate in the House – check your copy of the Constitution, if you have one.
Second, the students and struggling workers you talk about probably aren't paying any federal income tax. They are, more than likely, part of the 47%ers. So you are wrong again. It seems to me that the only way to get things under control is to have every American get some "skin in the game". So many are very generous with OTHER peoples money. Tax the rich you cry! What you really mean is tax everyone but me.
"Food subsidies will cost taxpayers $79 billion in fiscal 2009 and account for about two-thirds of USDA’s budget. The largest food subsidy programs are food stamps; the school breakfast and lunch programs; and the women, infants, and children (WIC) program. The federal government as a whole has about 26 food and nutrition programs operated by six different agencies."
"If House Republicans get their way in the federal budget for fiscal year 2012 beginning in October, nearly 500,000 women, infants, and children could be deprived of basic nutritional assistance. Though Republican leaders justify this decision on the grounds that budget deficits require "shared sacrifice," the tax cuts they recently fought to extend will give away more money to America’s 300,000 millionaires this week than it will cost to adequately fund nutrition programs for all of next year.
"That’s the story and the math behind the Republican-led House Appropriations Committee decision to slash the budget for the Special Supplemental Nutritional Program for Women, Infants and Children, or WIC, by $833 million in FY 2012. WIC provides nutritious foods to low-income pregnant women, new moms, babies, and children under 5 who have been identified as nutritionally at risk. The program has done this successfully for nearly 40 years at a relatively modest cost to the federal government, which is why the program has traditionally enjoyed strong bipartisan support.
Here’s the math: The deal struck last December to extend the tax cuts enacted under President George W. Bush gave the average millionaire a tax break of $139,199 for 2011, according to the Tax Policy Center, or nearly $2,700 per week. Given that about 321,000 households reported incomes of more than $1 million in the most recent year for which there are data from the Internal Revenue Service, that means the Bush tax cuts provide millionaires with about $860 million in tax breaks every week—more than enough to stave off the $833 million in proposed cuts to WIC."
In other words, if millions would chip in just one week's tax break they could stave off the proposed cuts to programs like WIC....SO MUCH FOR THEIR SHARED SACRIFICE!
The fact of the matter is you have no idea what, how, when or how much O is "offering."
There should be NO closed door meeting in Washington unless they are classfied in nature. ALL these budget talks should be broadcast on CSPAN, no exceptions. Then we wouldn't have to worry abotu wild claims fron either side.
Why does there need to be a balance between spending cuts and revenue? Cut whatever is excessive or wasteful, period. Eliminate loopholes for tax dodgers, period. Stop subsidizing huge corporations who don't need it. Penalize outsourcing jobs and environmental polluters. Stop wasting billions on wars (we are NOT the world's police department).
These are all independent issues that need to be addressed on their own merit. But, everyone seems to think that they are too insignificant to address. President Obama is correct to put together a package that is big enough to get the job done.
Repugs simply are not serious about fixing the economy, otherwise they would not keep walking out of the negotiations.
Gop is a "Splintered" party of Evangelical Extremist, and CEO Puppets. They call the gay community "Barbarians"???? That is "Completely" Presidential" Material . LOL Who,s the Barbarians here??? Cantor and McConnel, I can,t name the whole Rightwing Nutjobs? Sorry??? LOL
I completely agree with you. Boehner doesn't control his people and just tell them the TRUTH. What a shocking idea, the truth. Obama is trying his best to negotiate with the morons (ALL Republicans) but all they see is a black man as president, so they disagree with anything he says. And Cantor can go to hell.
How many times have you heard the Republicans say that a miniscule amount of revenue will be raised by the steps the President wants them to take? One, Ten, 50???
If it is so small, then WHY NOT give the Democrats what they've asked for? Why not concede it? The massive spending cuts the GOP claims to want would be done.
Mr. Boehner, tonight at 9 PM, hold a news conference to announce that the Republicans have decided to give the President the Miniscule Revenue Enhancements he wants – then you've have Mr. Obama in a box.
The GOP don't want to give in on anything that the Dems or President want. To the weak of mind, compromise is considered to be a weakness.
Because, in this case, what the democrats and the President wants simply won't work.
In order to get massive cuts to government, all the Republicans have to do is nothing. However, they have put raising the debt ceiling – something the Democrats want – on the table. That's a pretty massive give from the Republicans, but everyone keeps pretending like the debt ceiling isn't a part of the discussion, even though that's exactly what they're negotiating over.
This guy will not budge a penny just to protect the rich!
You got it!
....and Obama will do anything he can to take that penny from the rich and give it to the poor.
Actually he wants to take that penny from the rich and pay down the debt that has been incurred to provide for the rich...you know, make the rich finally pay the huge tab they've been ringing up by prospering off of federal dollars for the past decade.
The facts are just not on your side always.....A bit too much Beck it appears.....
Exactlt what has been given to the rich Wisconsin? Unless of course you are talking about the labor unions – then I would agree with you. Lord knows that Obama owes them big time.
There's no way to negotiate with President Failure or the rest of the looney-tune democrats.
And what are you republicans? Keeping American economy hostage, you are no different from Osama Bin Laden who desired the same outcome for this country.
yes yes the loonies are on the left. the right is just sittin' like prudes doing nothing wrong at all. totally helping us out. biggest helpers yet.
this type of attitude towards the other side certainly hasn't helped anybody.
Yes a presidential failure destined for a second term. I think you will find on election day that the majority of the country think he is doing a good job under extraordinary circumstances. Your comment represents a vocal screeching minority. The only person who stands a chance and the only one who seems logical enough to be president is Mitt Romney but that’s never going to be allowed by the Republican party.
Tee hee hee Can you say......Fast and Furious?
Poor CRY BABY....He has 'misplaced" anger. The Tea Party got you bent over, Boehner. You know you and the Prez had compromised on what the Prez had presented. You took it back to Cantor and his Tea Party and they threw "your" deal back at you. Now the dumb arse Tea Party that doesn't have a clue about what they are screaming about...governing, got you BENT over! Now, you jerks are resulting to calling the Prez names and trying to save face to the base of the Tea Party because Cantor wants your job. PLEASSSSSSSSSSSSSSSSSSE
The only thing the tea party wants is the president to fail. They have strangled the republican party and it will one day fail. The country can go down in flames. I wonder how many of the tea party people are on social security, medicare, government health insurance. Come on now be honest.
rf924, The President has a lot more successes than you are willing to give him credit for, but that is okay. However, he cannot negotiate with people who change the goal post every other day.
Revenue doesn't mean specifically taxes of course unless that's exactly what the president is stating.
Obama's economy, Obama's failure.
It's all one party's fault. Obama got us here in 2 1/2 years.
I find it hard to believe anyone could be that gullible and ignorant to believe that.
Far too many right wing talkers are saying just that. It is part of the Rove,Gingritch,Atwater, Goebbles playbook. Tell a lie, then repeat it until it "Replaces" the truth.
makes no sense.
IIRC he's referring to a series of loopholes created by the tax cut legislation in place which if closed would bring in more money, or revenue.
The fat lady hasn't sung, yet. So, you have no idea what the outcome will be. I'm glad that our country is in the hands of an intelligent, reasonable man who is making every effort to solve our nations problems. It is such a shame that the GOP have none of those traits and fight him every step of the way.
The GOP have made every effort to undermine President Obama, every step of the way. They have disgraced our country for all of the world to see. Yet, Obama stands tall. Other world leaders respect him.
Lol... Really? What has your leader accomplished? Health care reform? My premiums doubled after it was passed.. Created jobs?Nope- we are reaching Carter era unemployment under his watch.. Turned the Economy around? Nope- his answer is to borrow even more money that we cant pay back.... Stopped illegals from crossing the border? Nope, cant alienate those potential voters... Got Bin Laden? Nope- that was the SEALS... Closed Gitmo? Nope- realized that was a pipe dream... Withdrew from Iraq? Nope- Any idiot knows thats not gonna happen any time soon, we are still in Germany, Korea, Japan, etc, so why should Iraq be different?
I'm with you!
Yes. Of course. It's all one party's fault. Obama did this 2 1/2 years. While I find it amazingly difficult to believe anyone could be so ignorant or gullible to believe that, I guess some people actually do.
Everybody knows that this is Bush leftovers, but President Obama has no choice but to deal with it because he is the president. He is doing a very good job considering the enemies fighting against him in congress. If the republicans would try working with him, we could be a lot further than we are with our recovery.
The republicans keep putting their foot in their mouth by telling us that they are interested in defeating Obama in 2012. So, all the song and dancing is just to make sure that they are in a position to make the president fail. Rather than doing what they know is right for the country, they are more interested in winning the next election, regardless to what it cost the nation.
Funny.. I seem to remeber the Dums having complete control there for quite a while- they could pass (and did) anything they wanted...What did they accomplish again?
If the country slips into a deeper economic crisis because GOP/Tea Party politicians refused to compromise, they will be held mostly responsible by the voters. When Social Security payments are not sent out, voters should repay GOP/Tea Party candidates in kind at the voting booth.
If Social Security checks are not sent out it is entirely the President's fault. Social Security is paid out of its own fund and not the general fund. In other words we do not borrow money to pay social security and will not have to until at least 2023 unless they make changes. Obama is using scare tactics.
Again an idiot speaking out here. Go and read the bankruptcy law.
oh pleez. you should be embarrassed to even attempt to tag scare tactics onto anyone other than the lords of scare, your dear right wingin' zealots. nice try, Mike in WA. and you should read up, too, since the SS fund has been compromised and has had dealings with the general fund. if ONLY it WAS so simple, simple's nice, isn't it???
The Social Security Money that is supposed to be in the trust fund, is not there. What is there is an IOU from Congress. They have used this money. There will be no Social Security checks paid out if they don't raise the debt ceiling.
Social security is funded by our government. It's not a scare tactic to tell people to prepare for the worst.
Part of the $14 trillion debt that is owed is intra-governmental debt at $4.5 trillion (debt owed by the government to the government) and a large chunk of that ($3.3 trillion) is owed to the Social Security Trust Fund. The money collected by the government in Social Security taxes goes into the Social Security Trust Fund. The money collected from income taxes goes into the General Fund. The amount of Soc. Sec. taxes collected has and currently exceeds the amount needed to pay current Soc. Sec. recipients. However, the amount of income taxes collected and placed in the General Fund has not and does not now cover the amount spent out of the General Fund, hence the $14 trillion debt. The government has been borrowing money from the Social Security Trust Fund to cover some of the General Fund spending and currently owes more to the Fund than the amount needed to cover current payments. This is why the government might not be able to cover the Soc. Sec. checks if it defaults on the debt.
Mike, I think you need to check your facts. There is no money in the Social Security Trust fund. The politicians borrowed it all years ago. If the debt ceiling is not raised, then there is no money in the Treasury to repay the notes the treasury issued to the Social Security Administration when they borrowed all the money that SS had.
Believe it If the Debt Ceiling is not raised, Social Security Payments will not be made.
@Mike: It is Congress' job to approve and appropriate the budget which keeps everything spinning and the administration to then shell out the cash. If there is no cash to shell it is Congress' fault, not the president's. Remember Obama stepped in after it became painfully obvious the GOP and Democrats don't get along at all when left by themselves.
Boehner aught to know. He's like a plate full of yellow jello! Sort of like slime!
Sort of? I'd say exactly like. I don't know how he sleeps at night.
The only one he ever cries for is himself.
the best game in american is monopoly
we are all in this game like it or not
falsehood is common truth is rare
yet truth endures while falsehood comes
to an evil end.
sin is easy when you have no chose
now the chose is JESUS.
in fact it has always been JESUS
It's all part of the 40 year old GOP strategy to run up the deficit so they can finally "starve the beast" and get rid of the social programs they have resented for so long.
It doesn't matter what Obama agrees to no one will go for it. All they want us for the economy to blow up so they can blame him in 2012. It's beyond reprehensible.
Social programs are the scourge of any society. Here's an idea, if you want benefits maybe you should work for them! It's awesome to watch Italy's economy crumble under the burden of their unsustainable healthcare – maybe finally some of them and the rest of the world will begin to understand that nothing is free!
would we bear the torch of freedom light
into a world where men are still in servitude?
Then from our shackles we must emancipate ourselves
from fear self contempt
from ignorance and blinding hate
and set our own soulsfree.
Amercian will mock out of presdient obama. Also he have too much problems
how dare they continue to smile in the cameras? The country is in total malaise ! when is this country going to wake up
everybody is sitting around and masturbating.
When Republican Dwight D. Eisenhower was President of the United States, the top tax rate was 91% of income on Millionaires and Billionaires. We built Bridges, Damns, the Electrical Grid along with the finest Public School System in the world & he stated ... "beware the Military-Industrial-Complex. Our Country started going downhill when Ronald Reagan arrived at the White House in 1981. He touted three major agenda items. Two of these were just like George Bush's 20 years later: greatly increase defense spending and slash taxes on the wealthy (remember its called "Voodoo Economics). He did both. His greatest effort was devoted to cutting the top tax rate from 70% to 50% to 38% to 28%, giving obesely wealthy Americans gigantic new piles of money to play with. The national debt nearly tripled on Reagan's watch, from $993 billion to $2.6 trillion. George W. Bush added an extra $4.9 trillion to the national debt while he smirked his way around the Oval Office, AND YOU DIDN'T COMPLAIN THEN!! Americans have finally wised up. The Republicans won the house largely by scaring seniors into thinking Obama would attack their Medicare & Social Security Benefits. Upon winning, the Republican controlled House passes a budget which ends Medicare Benefits in their current form–effectively slashing benefits to the point where only the wealthy will be able to afford increasingly expensive health care. And they want Wall Street to handle Social Security via the "Ryan Plan". The Ryan Plan doesn't reduce the deficit, it cuts benefits and takes those savings and applies them as TAX-CUTS FOR THE RICH!. . . . . . How stupid do the Republicans think Americans are? WE AREN'T THAT STUPID!!! The Affordable Health Care Act (Obama Care) is starting to kick in and 30 Million more Americans will be able to afford Health Care for them and their Children. What do the Republicans want? Why they want to cut Food Stamps by $382 Million Dollars but voted to allow foreign oil corporations to keep their $15 Billion Dollar Tax Break. Further Speaker John Boehner, House Majority Leader Eric Cantor, Senate Minority Leader Mitch McConnell, and Senate Minority Whip Jon Kyl all voted to increase the debt limit a combined total of 19 times during the Presidency of George W. Bush.WAIT THERE'S MORE: If the Government removes the restriction of not collecting Social Security Taxes on those who make over $106,800 Dollars per year the Social Security Fund would be solvent. Further when faced with reality Ronald Reagan signed into law the the Tax Equity and Fiscal Responsibility Act of 1982, the largest tax increase in American history,it was designed to raise $214.1 billion over five years. In 1982 Reagan supported a five-cent-per-gallon gasoline tax and higher taxes on the trucking industry. Total increase: $5.5 billion a year. In 1983, on the recommendation of his Social Security Commission, chaired by the man he later made Fed chairman, Alan Greenspan, Reagan called for, and received Social Security tax increases of $165 billion over seven years. So Republicans have no problem "running up the deficit" or increasing taxes to pay for it.
boehner's IQ and ability to communicate never fail to surprise me. I've had the most off the wall conversations with his staff, including his brilliant secretary. they don't understand statistics, facts, evidence, how tax cuts work, etc. I'm frankly tired of hearing them say they can't communicate. sounds like a personal problem, Boehner! buck up, grow a pair, and get some work done for the American people, not your financing corps.
The government takes in 200 billion a month. Way more than enough to service the debt and pay social security and medicare. Why is Obama lying? Why doesn't CNN report the truth?
Oh sweetie....go back to FOX!
Help the united state o lord to search there heart and
see the folly of there way
Help the american people o lord to search there heart and
see the folly of there way.
i bet boehner couldn't care less about tax increases. hell as long as he and the rest can keep their money in their pockets, they don't care that our country is having a deficit problem.. what has this country come to? probably the only reason boehner opposes tax increase is so that he can keep his votes for the next election..
The GOP first wanted a big spending cut package. President Obama wants to cut $4 trillion. This past weekend the GOP/Tea Party fell back to $2 trillion. Why? The American people want this done on a fair playing field. The Bush Tax cuts have been in effect for 11 years. The wealthy, millionaires, billionaires, are nor job creators. Corporations are job creators. They are sitting on millions of dollars in revenue and they are not hiring. Why? They donot need to....They are doing fine with less staff, better technology and foriegn workers with better skills. We became a service oriented country and decided it was to hard to become engineers, doctors, etc.
One other point for the GOP: When Bush took office he had a 5.6 trillion dollar surplus. They decided to give tax cuts, started two wars(not funded), Medicare D and lose a trillion dollars or more on tax cuts. At the time Greenspan told congress and the President, that if there is a problem with sustaining a surplus, stop the tax cuts. (Budget committee hearing in January, 2001. Information gathered form AARP January 2011.) They did not listen and spent, spent and spent.
President Obama tried very hard to right the ship and he has. Still need more time. Hard to get everything back on track in two years after 8 years of Bush economics. Also, Ronald Reagan cut taxes but then had to raise taxes TWICE. Check your history.
If we go into default, it will be the GOP/Tea Parties fault. Compromise is not a dirty word...leaders work together instead of saying we will not work with this president. We are working to make him a one term president. (SENATOR MCCONNELL). A person who does not care about all Americans only the top 2% and big oil. GOOD LUCK to all if we default. GOP are not leaders. Leaders care.
I'm so with you on this the Gop's want this country to fail only because of their dislike and ill feeling about Pres Obama.
This is High treason . . . The republican party are purposely trashing this country.
couldn't agree with you more. I know people including in my own family that make more than $250K a year and they are not job creators. I can't understand why middle class people buy into the GOP bull.
Agreed, Agreed, Agreed!!!!!!
Thanks for the great and informative reply. I just hope people are listening. It is like no one in Washington really understand the art of brain storming and working together to solve the many crisis or problem, then move onto to solve the next problem. In college we have been taught the art or brain storming concept an how to use the skill of brain storming to solve a problem(s). We get a group of individuals together, present the problem(s), then individuals on the team will present their solutions and explain the solution, we next eliminate those solutions who we believe will not provide the best possible results or solutions, narrow down to a few viable solutions, implement the solution and solve the darn problem(s) or crisis. Yet, we see nothing but elected individuals only attempting to score points that are not in the best interest of the American people.
In absolute agreement.
Good post, Len! Do corporations creat jobs or do consumers? As you have correctly pointed out, corporations are sitting on piles of cash, but don't hire because there is not enough demand or money for their products (just like the auto industry before we bailed them out). Money needs to circulate in order to achieve anything. If the average person wasn't struggling so much, he/she would demand more goods. Companies would need to hire more workers.
We will never get out of this economic malaise by hoping for generosity from the wealthy.
So your idea is to allow the Govt force companies to hire workers and confiscate their cash??? Then what???? You are the perfect Democrat voter, IGNORANT.
Taxes are already slated to go up by $1 trillion over the next 10 years to pay for Obamacare. Now he's looking for more to cover his spending spree. Bring spending down to the historical average of 20% of GDP from Obama's 24-25% range before even considering more taxes.
Prersident Bush had a 5.6 trillion dollar surplus when he took office. When he left a deficiet of 11.6 trillion dollars. Who went on a spending spree?
Were you got this number.Only 256bl. Don't You tired to say BUSH<BUSH. Were is Obama responsibility? Oeeee. Change. We got this chance so much,so we going to really change PRESIDENT in2012.
maik: speak english much???
Please shut up about Bush already, the blame game is getting old and the majority of the Americans are not going to buy it next election. Find a new talking point or just sit down
Read:The Guest Column by Dr.William Barclay for June 22, 2011on the Delaware County PA Daily Times:
"10 YEARS LATER, BUSH TAX CUTS A DISASTER". Just one section of the two page article reads:
"A significant part of the failure of the Bush tax cuts to generate jobs and income growth flows from the top-heavy distribution of the benefits conveyed by these measures. The vast bulk of the reduced taxes were reaped by a very small number of families.
In 2011, the average tax reduction to families receiving an income of $1 million or more (about 321,000 families) will be $139,199. For this less than 0.5 percent of all families this is a reduction in taxes of $860 million/week.
Compare these tax benefits to the yearly savings proposed by cutting the WIC program: $833 million. An obvious question is, why can’t this very small group of extremely high income families give up just one week of their tax cut to provide nutrition for the tens of thousands of women and children that benefit from the WIC program?"
Do you realize that we are presently paying about $400 Billion a year in interest on the $5 Trillion dollar deficit created by George W. Bush (during his 8 years) with his unfunded wars, and tax breaks for his richest cronies?
Why Kyle? Why shut up about Bush? If the right can still talk about the FDR's economic policies and how it created the entitlement system, why can't we talk about Bush who bankrupted the country, then pawned our future? Economics policies, whether good or bad, have long term implications and you need to accept the fact that the damage done by two unfunded wars and Medicare Part B, as well as the unfunded tax-breaks on the wealthy have far reaching consequences. If you cannot accept that simple truth, then you are devoid of any common sense.
Although Obama has spent a lot of money, it was spent on the economy to save it from disaster. As a finance phd, the presiden'ts spending was justified in all accounts.
I think you need to pay less attention to the propaganda on right-wing talk radio. The costs of Obamacare are not taxes. You buy health insurance from private insurance companies as before. Obamacare is basically cost-neutral to the government.
They just don't get that it will save an insured family of 4 about $1000 in insurance premiums, a year....due to the fact that uncovered people won't be going to the emergency room for free on the insured's dime.
cost neutral to the government .... WTH! the government is spending our money and if it is cost neutral that means it is tax payer funded like Soc Security. I guess the iou's that have amassed in the SS Program will be written on the Obama Care funds cllected too, so We Pay WE Pay WE Pay .... stop this ride, I wanna get off!
A person making $30,000 will have to pay Health care of 15,000 or be in violation of the law ..... neutral my arse!
pull someone else's leg, mine are long enough!
Be Thou diligent to know the state of thy flocks and
look well to thy herds .
Be Ruler Over Your Speech And
Have control over your words
Utter no falsehood
for the habit of it leads to evil.
The constitution is the suprume law of
our land and it govern our action citizens
only the laws of G-D which govern our conscious
are superior to it .
A new Gallup poll out shows a majority support spending cuts AND tax revenue increases. Once again, Republicans are spinning.
I have been saying that all along. This my way or the highway attitude of the 2 parties is redic.
ALL polls show by 2 ti 1 voters don't want ANY debt limy increase!
That's because 2 out of 3 voters are ignorant and don't understand the debt limit and the consequences of not raising it.
Okay, did I miss something, when the recently 2010 the Republican stated that extending the Bush Tax Cut s were going to help stimulate job growth; and before the election of President Obama the Bush Tax Cuts were low toward the end before President Bush left office yet 700K jobs were being lost montly and 90% manufacturing jobs were being out sourced so how in the heck did the Bush Tax Cut help the United States economy from going off the cliff? I beleive the my GOP buddies do not really want the economy to improve because they want President Obama to fail and the country to fail. So the pack between the Party of No-Republicans are to do nothing, stall, not participate as a honest player, stick to the talking points and Obama will be blame and not us for everything even our ideals that he has used. This is such a stupid game that is being played when the American people will be hurt by a few bad apples iwho do not care or give a darn about those indiviudals who voted for them it all about the "have " and not about "the have nots" middle class, working class and poor.
So michele bachman and other tea party idiots say not to raise the ceiling because the think we have enough money to pay SS and medicare, even if that is true what about our debts after that? Is she giving the President the right to pay off the debts he wants to or not pay for things like pork in republican districts.
Face it, we are all doomed. Our country is run by a bunch of idiots on both sides of the aisle. It's going to be an interesting ride down and we have already started. Enjoy these good times, it will inevitably get worse from here...
I agree. Idiots on BOTH sides. Our country is going to hell in a hand basket.
The 5.6 and 11.6 numbers are bogus. Just based on a lot of assumptions for a 10-year period about the ecomony and assuming no change in behavior for changes in taxes. Name one 10-year projection put out by the gov that has even come remotely close.
No. They are not bogus. Facts presented in the July edition 2011 of AARP.....
I don't recall the surplus to be in the trillions, however I DO remember the crazy spending of Pres Bush's 2 wars, tax cuts, and other failed plans which have inexorably led us here. I also remember Republicans raising the debt ceiling w/o a second glance for those LONG 8 years and now suddenly spending is a concern to them!? But to the point the 11.6 trillion amount is an accurate number of the debt he left us after Bush left office.
Rick, I suggest you read the CBO reports from 1991 and 2001. You will see if the projections were true or not.
Why don't they televise the talks on CNN and let the people know what is really going on instead of everyone assuming they know.
Republicans are out to destroy the middle class. It is history repeating itself. I am always reminded of the image of George Bush at a formal dinner in tux and tails, stating "this is an impressive crowd the haves and the have mores. Some people call you the elite, I call you my base". Watch it on You tube. Then they all sit around and laugh. It says it all. What Bush did to this country is criminal and the republicans are trying to do it again. They have the nerve to constantly undermine the President in the most disrespectful of ways imaginable. Obama 2012! Thanks Mr. President, bless you for trying to do what is right day in and day out in the face of constant under such blatant undermining everyday!
Boehner needs to listen to mainstream Americans not those nifty Tea Partyers!We need to increase revenue & cut spending.
I meant nutty not nifty!!
I'll see you on the elections GOP!
T'he Gop's are willing to let this country down for their own personal agendas. Okay we get it, you all hate Obama and want him to fail. How low are you all willing to go? Why not the wealthy pay their share? Gop's and their rich buddies are willing to let people go jobless so we can sink father into this hole. They will not spend money to create jobs or build business. Shame on them!
50 years ago they'd call that TREASON!
These 'damned tax increases' are insisted upon because they are one of the biggest contributors to the debt – a debt the Republicans want us to believe they're serious about reducing. Get rid of W's tax cuts for the rich, and the debt almost disappears. Did you know that last year News Corp (Fox News parent company) received a $3.8 billion tax refund?
I like that Boehner called the tax increases "damned". I guess he really must hate the idea, or at the very least, the idea of walking into a room full of tea partiers and even thinking those two words.
I wish American politics were in better shape. The republican party is split between the ultra extreme and the sensible, logical fiscal conservatives. Does anyone really think that Boehner wanted the debt ceiling (which has been raised 74 times, folks) to be a contentious issue? No. he wanted Obamacare, various wars, and the economy to be the issue. as it is. the Republican party is no longer on the aggressive attack they were when they took congress (and surprisingly not the senate) in the election.
Please correct me if the following observation is wrong, but I think Boehner is having as hard a time talking to the Republican party as the President. Cantor seems to be jockeying for #1 spot, an the caucus "doesn't have enough votes" to pass anything with tax increases, period.
As a registered democrat, I think it's irresponsible to not pay our bills and see to it that those americans who rely on government money get that money. I also think it's foolish to expect to be able to pull money out of thin air.
Look, if I was rich, I'd pay more taxes, just because this country gave me the right to accrue vast wealth to begin with. At a certain point of wealth, it wouldn't matter.
But taxing at the 250,000 or over line is TOO LOW. There are many places where that's how much you have to make just to get by.
I think we should raise taxes, but we need to do it on the super-mega-hyper-no-matter-how-much-you-tax-I'll-turn-a-billion-dollar-profit-rich people.
That line doesn't start at 250k.
Citizen Twain. It is true that the marginal tax rates were lowered for the rich. But under the Bush cuts, they also ended up paying a greater share of the total tax burden than before the cuts. In addition, toal tax revenues increased at double-digit rates in the 2003-06 period following the cuts. You should check your facts. It hasn't been a tax problem. It's been a spending problem, and that includes Bush. But Obama has taken spending to a new level of 24-25% of GDP from the 20-21% level under Bush and the 20% historical norm.
look lets put the numbers in perspective. If you had $10,000 and I had $20,000. You pay tax of 10% and I pay 10%. Yes you pay more. Steal $9,000 from me and now I pay less tax and you pay more. But let's give you a 5% break. Wow now there is less from me and a lt less from you...that's the problem!
The 'entitlements' Republicans are so eager to cut were not handed out like party favors. They were for the most part, accrued (Soc Sec) by a lifetime of work. 41 years in my case. Taking away what has been earned over many years is not 'cutting wasteful spending' Try 'fraud'; 'broken promises'; 'theft'. The restoration of taxes that the wealthy paid during the Reagan years would help a lot. So would ending two destructive, ill-conceived wars. Except for the absence of protests, it is looking like the latter days of Viet Nam, all over again...
This is totally amazing. why cant the leaders of this country have their income taken first. One representative's monthly paycheck could cover the money 5-10 poor, disabled or vets get from the government. This should be done until they agree on something. Maybe a bout with poverty will help them to understand how important government money can be in a persons daily survival ..... since they live off it too.
What does he mean no tax increases?
Doing away with social security and medicare after all I've paid into them is a huge tax increase to me.
And a retroactive one at that.
The trouble is that he and his friends have already spent it on payoffs.
Everybody Finally happy. We got change that we was promised. WE got YES WE CAN up to our ear. Another 4 years like that and say goodby to good old USA.
How is thid Obamas fault? He gave them double what they asked for in spending cuts. But they said no to protect the richest in this country.
Thanks Brian. Glaf to see someone giving solid facts instead of rhetoric. The average jpe pays more percentage wise than the wealthy. When 5 percent of the population controls 80 percent of the wealth, they should pay a lot more.
Wasn't it the Rebublicans that at first wanted to combine raising the debt cieling with deficit reductions. Now they are changing direction. Didn't they want a big deficit reduction package. Now they are changing direction. Didn't they want to simplify the tax code. Now they are changing direction.and how about Jobs? All the Rebublicans want is to win the next election.
But for the extraordinary 2% drop in the labor force participation rate under Obama to 64% (it was 66-67% at all times under Bush and Clinton), the unemployment rate would be 11.8% today. Yeah right, he's doing a great job and he should thank his dropouts for masking a much bigger problem.
What are you talking about?
One thing I've lost sight of, and need to be reminded of, is that when we look at this situation from the outside in, it looks like a battle that can't be won. But in all actuality, this is part of it. This is what makes our country great. The fact that we have the freedom to disagree, to hold certain values near and dear to us, and to fight for those values, is what makes us who we are. In the end, the budget will get passed. Eventually, things will be agreed upon. And the fact that iron sharpens iron, HOPEFULLY, our country will be in a better place as a result of all of it.
1.) In response to California Conservative, to blame the president for this economy and the debt ceiling is like calling your former govenor, "A Model of Family Values" (Arnold the cheater). Obama got what took 8 years for G.W. Bush to destroy. A government surplus and this country's economy and standing in this world. So quit the lame game, you don't have a leg to stand on. 2.) When Exxon Mobil and Chevron are raking in BILLIONS each qaurter, and yet gas prices are going up, I DON'T FEEL SORRY FOR THEM when they should be asked to pay more in taxes. 3.) The extension of the BUSH TAX CUTS has led to near zero job growth, after the GOP would say it would do otherwise (9.2% unemployed). Simply put, the GOP and the Tea Bags will have put up or get recalled from office after August 2nd.
Buying $3 trillion in spending cuts with $1 trillion in revenue increases is not a bargain nor is it what we've elected our officials to do. They are in elected office to represent their constiuents, not cut deals that they feel are good. Social Security is not affected by the debt, it is a pathetic way to try to garner support and a complete lack of leadership and is quite frankly insulting.
Boehner probably spent the whole time he was in the meeting trying to think up that Jello comment. It is their duty to do the right thing, and only cutting entitlements would single out those who are not in the top tax bracket. This is a societal problem, so the burden should be shared by ALL.
If republicans are serious abt deficit reduction, they shld pass a law rquiring every congress man or woman(both chambers) a big pay cut, vouchure to buy private health insurace, ride bike to work, pay for every coffee or tea served in their offices and chamber.
Vote the republicans out! Better yet recall em! Traitors! Deliberately plotting destruction of US!
Make a balanced budget amendment that takes place 2014. Work from now till then lowering spending. Let the Bush tax cuts expire. That's a grand compromise.
no brain drains in this debate, Boehner brings the art of obfuscation to a new hieght!
Just cuz AARP cites a CBO forecast doesn't make it fact. It's a forecast, historically far less accurate than a 10 year weather forecast
Why do Republicans only want to believe a CBO report when it agrees with them? That is the Congressional Budget Office who are the people they pay to assemble the figures they use.
Earth to Mr. Boehner: The only Jell-O to be found is within the GOP with their lack of guts when it comes to comprimising, their lack of control of the Tea Party extremists, and clinging to tax cuts that created NO jobs while adding to the deficit. The GOP is the Jell-O that is shaking into next year's elections!
All you ignoramuses that believe that the rich pay a higher percentage in taxes. Please see this link below: http://www.ritholtz.com/blog/2011/04/us-tax-rates-1916-2010/
The Grand Old Party is party of the rich and elitists. The democratic party is a party of people that promotes dependence via handouts.
Whatever happened to AMERICA ?
It has been cooped by a cabal of special interest against America's middle class.
when greed is met with reward, the greedy get greedier still, the poor get poorer and the rich get richer, but they want fewer taxes and more profit still. That's fine, this is capitalism, but there needs to be at least a modest balance. If this country can't find some economic middle ground that speaks to the future, the short sightedness of greed will only lead to the farthest reaches of despair.
The stupidity on display from all you Koch-sucking right wingers is nauseating.
"singing softly".....These GUNS are made for walkin'
Yeah, not to mention all the stupidity coming from all the demonicrats. The stupidity is on all sides.
The USA is CTD
People people,so many fools created in this country since 1996 when Murdoch accomplished his goal he presented to nixon and nixon turned down and started fox news, propoganda is how people vote these fools (republicans) into office. Threatening to allow the the US to default for political gain? Treason if you ask me. People like mcconnel saying things like no deal while obama is in office? Are you kidding me they know they have to try and destroy obama in the public eye they have absolutely no candidate that can threaten him in the up coming elections a lot of republicans I talk to acknowladge this fact no crazy right wing candidate will win this upcoming election. And if SS checks don't go out think of what some republicans have said already about not compromising its all gonna come back to bite them in election adds if the US defaults obama is a keen politician and the media as a whole (the big shots) like what lower and lower taxes they pay so this minority that are so anti obama are being heard everywhere but just because we here them all the time doesn't mean they represent a lot of people in this country, dems are gonna take keep presidency and win back the house then comes the real change
I can't believe people are on here defending the GOP characters. These men do not even remotely have your best interests in mind. I mean look at them! They are playing with your future and children's future (not to mention the turn out of my 401K), and you are defending them?? The funny thing is I bet most of the conservatives on here don't even remotely come close to falling into the tax bracket the GOP is defending so religiously. So why defend them? What is in it for you? What have they really given you? Clearly, you are all losing the gay rights debate, you all lost the abortion debate, you all lost the healthcare debate, you all lost small gov't mantra after the Bush explosion, you all lost the moral high ground after all the scandals.... So like why defend them? They haven't given you anything in over 10 years. You haven't seen your earnings go up all that much under Bush, in fact I believe the number to be only 2% in 10 years most of which were under Bush and his policies. Hell, that doesn't even keep up with inflation!!!! Bush said they were supposed to help Americans and now after all those tax cuts look where we are. There is no money left and it is again Republicans blocking our way to progress and viability. So seriously what is it? I have seen 4 y/o's whine better about toys then the GOP does about a small tax hike.... now they are just looking pathetic.
That's bull Boehner.
Conservative economist and Reagan adviser has cited 19 polls since Jan showing Americans support tax increases.
I hate to break it to John Boehner...but they are not winning this argument. I'm a Republican and even I'm absolutely sick and tired of the Republicans constantly being the party of NO.
What is sad, is that Bohener looks more and more weak because everyone knows the only reason a deal hasn't been struck is because of the cancer they call the Tea Party. There would have been a large package deal done , but the Tea Party just can't understand that tax cuts don't work. Trickle down economics is a joke. Bill Clinton raised taxes and we had a record surplus....
Obviously raising taxes is the way to go. Look how well it works for California.
Good point Raja but mostl of the re-re's in here are to arrogant to go back on the stupid things they where led to believe no matter if they've realized they where incorrect.... Anyone else notice that if you put in certain names or touch certain topics cnn "moderates" your comment and never puts it up? I don't curse or call anyone names in my post .but mention a powerful media mogul and boom under moderation lol
Boehner is absolutely correct. Raising taxes will not put a dent on a 14 trillion dollar debt. However, it will only continue to stress small businesses that are needed to decrease this country's 9.2 percent unemployment rate. The Democrats are not stupid, they fully understand this concept, but only are pushing these tax increases on the "wealthy", job creators, so they may continue to play the class war fare card on the Republicans. Before you say the wealthy need to pay their fair share understand that the top 3 percent pay 40 percent of this country's taxes. Now many of you may not have a problem with that, but you keep taxing the rich, eventually there will not be any left
Don't you realize big business and corporations are using small businesses as a shield against higher taxes? If tax laws were rewritten to remove small business from their grouping they wouldn't have a shield. However those same small businesses are currently not receiving the same breaks that bigger business take advantage of through write-offs and subsidies. Small businesses are actually carrying the load so big business can reap even bigger profits.
Sort of small businesses are the current patsies for big business.
Wake up America can't you see the writing on the wall the GOP pockets are fattened by the rich and they will not budge.
Cantor wants Boehner's seat so he is going along with the Tea Party.
They indeed hate this President and it is not about policies it is about the color of his skin althought his Mother was a white woman, less face it this is the truth. They would rather see this country fail and blame it on the President because of their politics and trying to win the next election.
President Obama should not cave into these people who were sent to Washington to do a job they forgot who they work for. The President walked out he should have the way he is being disrespected and vilified first he is a human being and then he is the elected President and should be respected. No President has been treated this way but this stuff is going to back fire on them.
The Young people I talk with think these people are crazy they love President Obama because he is the only one in Washington that is thinking about their future. The so call GOP candidates never address the needs of these young people they spend their time just criticizing the President. Don't under estiimate our young people they will put him back in office and get rid of these irresponsible people. LOOK AT THE AMOUNT OF MONEY THAT HAS BEEN RAISED ALREADY that should tell them something.
Eric Cantor is a wanna -be but he had better remember his roots he is only being used as a mouthpiece and has no respect for the office of the President of the United States.
I would not like to get under this President's skin enough is enough you can only take so much when a man has a calm demeaner you had better not push him too far.
God help them all the world is watching how stupid they are acting.
Good grief..... Take a breath.
Wow Dee, you could have saved all that rambling and used one sentence to sum up all you intelligence: Anyone who disagrees with President Obama is a Racist.
Wow Dee, you could have saved all that rambling and used one sentence to sum up all you intelligence: "Anyone who disagrees with President Obama is a Racist." That about sums up the only arguement Dems have left.
I am a life-long Republican, and proud of it. Now, whenever I am in a discussion challenging Obama, I'm called a racist. This is a shame. . .
I know what you mean I have one son that it takes a whole lot to make him angry, but that doesn't mean that when enough is enough at a certain point he will speak up.
Cantor is a fool.
Young people love Obama. This is sadly true, as most of us are idealists in our 20s. It's once we see the waste, mismanagement of our tax dollars, and the bloated governement that some of us wise up and become Republicans. I was taught to be responsible and take care of myself, and those who can;t help themselves. The Democrats have used and abused the less fortunate into thinking people like me are hardened and heartless. So entitlement rules, and I must pay, pay, pay . . .
Here we go again. Our leaders are more intrested in borrowing money from China, Then paying back SS. If my memeries are right no one asked to borrow SS money. That money was in an trust account no one was to use for anything but SS payments. I am entitled to it you bet, I paid into it for 45 yrs. So if they could just pay back what they took.
As a former life-long Republican – Never again will I vote Republican.
I have a number of friends who feel the same way.
It is not clear to me what the main reasons are for not closing tax loop holes and raising taxes by the GOP. When I have bills to pay and I need more cash, I always think of other ways to raise money. So what is the hickup with this? Is it the GOP does not trust the DNC to reduce spending?
I think that we can only blame ourselves if congress fails to reach an agreement. It is truly our fault that politicians cannot have a candid, open dialog because we hold them to unreasonable standards...
When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.
P. J. O'Rourke
Social Security,is for anyone who does not work,or can't work.The,elderly and disabled people,depend on Social Security cheks,especially if that, is the ONLY income they have coming to them. JoAnn B
Boehner and McConnel want to save us from all this debt. HA. Where were they when the GOP Congress approved TWO wars without any funding? They didnt raise any taxes, but instead brought in tax CUTS for the rich. They put through a Medicare drug plan, but blocked any bargaining with the drug companies for cheaper drugs. They have cost us MORE over the last several years than anything the Dems have done. Its time to get RID of these pocket lining idiots and vote in the party which has always been FOR the PEOPLE and not only the wealthy
The Congress was controlled by the Democrats,when they voted to give up their duty to declare war and that gave Bush the right to go to war in Iraq–check your history-the resolution to go to war was drawn up by the Democrats-so you really need to study the History of your party instead of listening to sound bites.
GEORGE W BUSH & GOP CONTROLLED CONGRESS FISCAL HISTORY
George W. Bush sat in the White-house for 8 Years; from 2001 through 2009. George W. Bush inherited a $236 billion surplus from William Jefferson Clinton when he stepped into the oval office.
* During this period, the Republican Party controlled the United States Senate at the start of 6 out of the 8 Bush Presidential years.
* During this period, the Republican Party controlled the United States House of Representatives at the start of 6 out of the 8 Bush Presidential years.
Speaker of the U.S. House of Representatives: Jan. 3, 1999 to Jan. 3, 2007 – Dennis Hastert – Republican
Republicans controlled the house 1999-2007 before and 6 years during George W. Bush administration.
Senate Majority Leader; 1999 to 2003 Trent Lott – Republican – 106th &107th Congress.
Senate Majority Leader: 2003 to 2005 Bill Frist -Republican – 108th & 109th Congress.
Senate controlled by Republicans 5 years during George W. Bush presidency.
Where are those WMD? A vote acquired though an outright lie.
April, Democrats took majorities in 2006. We had been at war since 2001. Your "facts" are a bit suspect
Just to put it as simple as possible, how about opening the meeting to the public? This will let all of us see for ourselves what is going on. I have a hard time to believe. Any politians in the last few years. All we hear is this you won't give this and you want to raise that non-sense. Give it to us straight in full video or text of these meetings and the the country judge our elected officials on there performance and honesty.
DEE, I THINK YOU'RE RIGHT ABOUT SKIN COLOR AS THE REASON FOR THE HATE THAT THE GOP HAS FOR THE PRESIDENT.
FLORIDA MALES ELECTED RICK SCOTT BECAUSE THEY COULDN'T VOTE FOR A FEMALE. SURE WOULD BE NICE IF VOTERS LOOKED AT ISSUES RATHER THAN RACE OR GENDER.
When losing an arguement, play that race card!!!
I am a Republican and I think they should let the takes cuts on those making over $250,000 expire at the end of 2012. I think they need to cut 4 times as much in spending as the new taxes bring in and they should not start any tax increases until 2013. This should be simple, but the Republicans have painted themselves into a corner with a no tax pledge.
I KNEW there were still a few realistic conservatives out there! I don't agree with your stance, but at least give a point where a discussion could begin. I pray more of your kind can breathe some sanity back into the GOP.
Ed, the spending cuts are never as big as promised by the Republicans when they make deals with Dems. The only thing that happens for sure in thes DEALS, is tax increases. President Obama and the Dems are the ones who are painted into a corner. The American people in most polls are against more govt spending, they want us to reduce our debt.. Polls also show we don;t care for the health care law or bigger govt. The public is moving away from the liberals belief in Govt trying to runn everything. The media is now the biggest supporter of President Obama and the Dems; don't believe what you read in places like CNN. Look around, their are many places to get more ballanced information.
So just what "Balanced" news outlets are you speaking about? If you dislike CNN, why are your here?
Rob . . . shut up, you are a Fox News idiot!
Anyone who would believe Rupert Murdoch's flying minions is a moron.
If raising taxes on the wealthy was such a good idea–New York wouldn't be losing population at such a fast rate that we will lose two representatives to Congress. Industry has left and the job market is made up of companies bribed to operate tax free in the state for years–like Walmart–Geico –and all these call centers-our homes won't sell, our children move out of state, raising taxes does not create prosperity!!! e
i hope the govt shuts down and never comes back. why do we even pay senators at all–every one of em is a millionaire and they make millions the day they quit and go to work for one of the white imperialist law firms in dc.
this govt has never reflected the demographics of the population and until this race, gender and sexuality gap is addressed the govt will continue to represent and write laws for the white elite instead of the common man. the "every man is created equal" did serve as good propaganda and to make professors all tingly inside tho.
He would be okay, if it were jello shots!
i did really enjoy obama finally gettin some grind in his spine and walking out on on gaynor...he should make him sit next to the dogs bowl tomorrow....then light up a spliff, turn on some marley full blast and tell those white boys "were not leavin til this gets done...and i got 24 hours of marley on this playlist...if you dont like it ive got a room in guantanamo for ya boy"....
Republicans need to put up or shut-up. This whole idea of making President Obama raise the debt ceiling through neglecting their duties is shameful. All because they do not want to be seen as working with the president. This is truly sad. If they are so afraid of their base, that they will negate their jobs instead of educating them on how important this is, they need to be ousted.
It is now very clear to me that the hatred of many republicans of this president is beyond policy. What it is exactly, I do not know, but it is not normal and it is not right!
its a mixture of racism, elitism and imperialism...rarely curable but marijuana, some hot jazz, a little blues and some reggae can help victims achieve dramatic improvement...
The Dems have control of the White House and the Senate and have not even passed a budget. Can't blame everyone else when you've been running the show for years.
What we have here, on this post, are a bunch of Monday night cesspool of couch potato coaches and quarterbacks. Know everything but can't find their way around a clock. ether get in the game and make a difference or sit back and keep your opinions to yourselves . . . Watch how the real players play.
What we have here, on this post, are a bunch of Monday night cesspool of couch potato coaches and quarterbacks. Know everything but can't find their way around a clock. either get in the game and make a difference or sit back and keep your opinions to yourselves . . . Watch how the real players play
Only in America could we expect these losers to be in charge. Tell the cry baby to go play another round of golf and let the adults deal with the country's problems.
there is a si,ple solution to this problem...let each individual state hold a referendum on the tax issue. although this wont compel anyone of the elected officials to act...it would be an indicator of wat the people want. they should agree on a debt increase of two months the referendum would take place in August and the people would have spoken. Although in reality only 26 states have laws that allow them to hold referendums...but the issue is so serious that such a thing should be overlooked. than in september come back a finish the debt talks. the peoples voice would be clear
Raising taxes on "job creators"? Um.... the rich, job creators, have gotten all the tax breaks, made record profits and have yet to create jobs. Boehner needs to roll out from under his tanning bed. The rich simply do not believe they are obliged to pay taxes. They get richer and the rest get poorer. If they had their way your children would be back working in their factories six days a week, 12 hours a day. Joe lunch pail is misled by fake social issues such as gay marriage and abortion. His kids are bullet stoppers in wasteful wars. His jobs are sent to India. But, he gets his MTV and football. So Joe continues to support those who feed on his family and his very soul.
My father worked in a factory in Milwaukee. On his pay, he owned a home, two cars and my mother stayed home to raise five kids, all of whom worked full time in the summers and part time during the college school year. All graduated from college with no debt. My college tuition at the U of Minn was under $1,000 per year. What the hell happened? Who got all the money? Ask Boehner.
Maybe if we stopped electing millionaires we could increase their tax burden by 2%.
The GOP only represents and fights for the top 3%. But the bottom 30% are dumb enough to support them.
As an independent voter, I am discusted that the GOP is willing to hold the economy hostage to protect their top 3% Richie-Rich crowd. Get Obama Party supporters may or may not by motivated by racism, but I have no doubt that the GOP leadership is motivated by money. They protect the rich and spout what the lower 30% need to hear to keep voting Republican.
Obama's economic policy comes down to taking/borrowing money from those that produce and giving it to those who do not. Obama is playing games in these negotiations. He can't get Democrats to vote for a tax increase. Heck, the Dems can't even pass a budget.
"10 YEARS LATER, BUSH TAX CUTS A DISASTER". Just one section of the two page article reads:
* During this period, the Republican Party controlled the United States Senate at the start of 6 out of the 8 Bush Presidential years.
Speaker of the U.S. House of Representatives: Jan. 3, 1999 to Jan. 3, 2007 – Dennis Hastert – Republican
Republicans controlled the house 1999-2007 before and 6 years during George W. Bush administration.
I think some of these billionaires could afford to give up one week's worth of millions in income in a years time to fund programs like WIC.
......Let's be candid, by the very words of the GOP leaders themselves, their strategy has been carefully planned at every stage since Obama took office: namely "take down the president." It may be good for gang warfare, and it may be treason in the guise of political thuggery, and you may believe thugs are required to get your view across. But it's not America, not democracy, and not the behavior most people expect from their leaders.
You are right they are thugs... trying to reject the will of the people who cast ballots and wanting to make this a coup de grace. They couldn't pull a Supreme Court end run this time like Gore. They went to work when Clinton became president ....from day one to destroy his presidency, and now they are trying to do it again.
This is nothing more than political thuggery.
Only proof that Boehner may have a fancy title, but no control over his divided caucus.
IDEA: Let's "increase revenue" by spending less!!!
Novel concept I think.
Do yo understand the definition of "revenue"?
No... let's increase revenue by raising taxes. The spending has already taken place.
Take a look at history. When tax revenues fall below 20% of GDP we spend more than we take in. If we raise taxes back to where they were pre-Bush, we'll be on better footing. We would still be paying a lower tax rate than almost every other developed nation. Unfortunately, to fix the mess caused by the Bush tax cuts we'll need to cut services as well (yes, that's what the government provides, services). Here's your choice – pay now, or live in a third-world country, because that's what the US will be.
One assumes Boehner means "orange" jello?
The total outstanding public debt is $14,342,965,850,128.20. There are 311,763,583 Americans. If every American donated $100 to pay down the debt, we could raise $31,176,358,300. That’s $31 billion per year. If we all donated $5 per week, it would be $81 billion. That’s a big chunk of change. Remember, we don’t need to pay the debt down to zero, we just need to bring it down to a manageable size so it doesn’t threaten to overtake our economy. We give to other causes when we can be giving to the cause that helps ourselves! The Association to Reduce the National Debt (find them on Facebook or the web), is a non-partisan, not-for-profit group helping to pay down the debt. If we all participate we can do two important things: (1) make a difference by helping to pay down the debt; and (2) show our leaders how important this issue is to us. Please find the Association to Reduce the National Debt online, “like” them, spread the word to friends and family, and donate (any amount no matter how big or small)!
News for you Boehner. The reason "The only thing they've been firm on is tax increases" is that the Democrats are willing to keep putting new items on the table and even risk infuriating their own voting base in order to reach a deal.
Of course their firm on tax increases, in order to address a spending revenue shortfall you not only have to cut spending but also increase revenue.
One of the largest budget items in the budget is the Bush tax cut expenditure, this should be the first thing to go, but you won't even consider other options.
President Obama is like dealing with Jello, he holds his core ingredients but is willing to bend and be moulded into different shapes.
You are more like concrete, you are steadfast, unmoving, and unwilling to be bent into any other shape other than the one that you were originally put up (elected) with.
The only thing the GOP has been 'firm' on is the destruction of people who make less than $250,000 a year. Honestly, I've had enough. Bye GOP, you were "not" fun while you lasted. Traitors.
Lets be honest here, the Republicans were offered a far better deal than I ever would have given them and they were too greedy and stupid to take it. Now the deal is off because it's fairly obvious that they really don't want a deal, Cantor and the boys want their way or no way, so it just may be no way. You Wall Street banker thugs created this monster, how do you like it now?
Maybe the Fed could just print money and give it to the President. It would cause sizable inflation but would prevent a default.
Cheers for our President! The rich have a free ride for too long under the rich republicans. Pay up or
go to some country you like better. Hey NRC "they are good to us."? what the he== is that? Massa been good to us? Done thrown us some crumbs? Take as big a portion of their income as they do out of mine.
I am a mid income\mid level manager and I've almost lost my house due to the economy, my company is doing horribly with meager retail sales the last several years, and I for one want the US to take care of its debt as soon as possible even if it means I pay more taxes & have less social programs. Debt, U.S. or my own, is a hardship I wish we could all one day do without & I'll do what it takes to ensure that happens with my votes knowing the progress toward that goal is important even if the dream itself may never come to fruition. Dems, give way on entitlement programs for god sake, GOP, allow some tax increases, both parties are being baby's and not doing what HAS to be done for this country to survive. Time's ticking' & the lack of progress coming to an agreement is embarrassing.
Where are all these commenting tards getting their information (rhetorical question: I know). I paid $18,000 to Fed, State, SS and MC last year and got back $2500. Just because you saw a bumper sticker on a truck that said only three people in the country pay taxes DOES NOT MAKE IT TRUE!!!!! You are MORONS!!!
Hm, both sides refuse to make a deal. I'll blame the party I don't like.
My name is relevant to this post, sheep.
You know what is "history"? This country.
Between the utter failure in candor on BOTH sides, the fact that there seems to be only TWO sides in the first place, the lack of education in economics and finance among the public, the entitlement mentality, and most importantly – that we as a populace allowed the government to become so wasteful, disingenuous, bloated and ready to go 'round the world killing people.
Oh they (the feds) are ready as hell to throw the book at you if they think you overstepped one word of the federal Code...but what is the recourse for their failures? Failures to respond to reports Madoff was swindling people? To create a REAL Social Security trust fund?
As you now see, Social Security is anything but secure. It is merely an actuarial shell game, a game of lies that both parties fed you and you went for it. Doesn't need to be that way, and we let them do it.
I'm leaving, soon as I can. See ya suckahs!
"like dealing with Jello"? Maybe Boehner has been hitting the Jello Shooters a bit often.
He couldn't handle Jell-O. He's not man enough.
You know the funniest thing about the people who support the GOP is that you think they care about you. You are not a part of their inner circle and never will be, so that means the middle finger to you from them. Secondly, all these republicans ancester families are probably from the south where they made all of their starting wealth on the backs of the slaves, and why would the GOP who care about smaller government always try and get goverment money into their districts? Last and least for now; how can the GOP want to deny any person the money that they have already worked for when they have bills to pay just to please someone who they put a pledge on a piece of paper for...give me a break...GOP stands for "Grimey On the Public"
I couldn't agree with you more......you are on point and these wannabe don't realize they are be suckered.
At least he's not crying. Yet.
I'm hoping for the death of the faith based economics system called capitalism that is strangling society to death. Everyone talks percentages, taxes, and the latest economic fad as circumscribed by the politics of the day. The real economy is very different from what is being discussed making it very difficult to even comment on these issues. Ecologists have real perspective on the economy and it is nothing like the faith based capitalist economics that has gone mainstream viral. Ecology is the true economic science – going back to Linnaeus in the 1700's who wrote about the economy of nature. People may think this is crazy – but it is more real than the stuff that is being discussed in here.
There is a commonwealth of natural capital that is absolutely necessary for our collective well-being and survival. Natural capital (our collective inheritance) is continually being sidelined and paved over in the narcissistic growth bound venture of capitalism for the wealthy. The planet is finite and you cannot keep growing and growing the economy – it is scientifically impossible – yet this is what our governments want to do (Dem & GOP) and then they fight over the last few remaining scraps. There is an alternative that can regenerate a great wealth to the common person. The faith based capitalist economy runs on a false narrative and it feeds into the idea that we need to invest in technology and innovation. They believe that money is like sunlight that can feed into the production lines of technomass in industrial plants. The reality is that we are creating technoecosystems filled with technodiversity that is spreading across the planet and severing the real sources of income. These technoecosystems are parasitic on the regenerative natural systems that produce real capital stocks. Where do you think fossil fuels came from? They came from the accumulation of organic matter that got trapped in sediments – the energy stored in fossil fuels was accumulated by the work of real plants (not industrial plants) that captured the suns energy in an efficient way.
Contemporary ecosystems provide a vast supply of wealth that far exceeds the utility of fossil fuels – there are many different kinds of ecosystem services, including clean water, soil formation, climate regulation, places for play & recreation, cognitive benefits, food, medicine – everything you see around you comes from nature. The faith based economic model in our capitalist system neither values nor allows investment in natural capital. We have natural resources, but only count the ones that feed into our technoecosystems to the detriment of natural ecosystems. We are living in a sixth mass extinction and this is the real debt onto society. The economic woes that these politicians and news(myth)makers are talking about is a distraction from the reality that is all around us. The real commonwealth that sustains us and contributes to the health and well-being of society is being appropriated by the actions of these faith based economic systems that are putting us into debt and peril. Who cares what Obama and Boehner says? It is like an argument between Billy Graham and Jim Baker – two evangelists that believe and have faith in their economic Gods.
How can a rational being even begin to talk about tax cuts, debt, and percentages when all these things are on par with speaking with the holy spirit? We need some agnostic sobriety on these issues and America seems quite incapable of electing presidents that are non-religious. The capitalist economy is built on the faith of theocratic governments to our detriment. Natural capital is not fungible with technological infrastructure – yet this is what is happening all around us. We are stripping our great wealth aside – the very places that prevent the spread of infectious disease, the places that are complex enough to stimulate the minds of children as they play and build forts amongst the trees, the places that produce fish and other kinds of interesting foods, the places where medicine is grown, where soil is created, where life is supported, and where our climates are regulated. The regenerative capacity of nature is being strangled by these economic models and it is killing us. We are living in a sixth mass extinction – biodiversity is being replaced with technodiversity. Biodiversity employs billions upon billions of species, it is self-organizing, regenerative, innovative, complex, and absolutely critical to our survival. Technodiversity employs one species (us), it is self serving, it is not regenerative, it is only innovative indirectly through us, it is complex (I'll give it that), and it is critical to our survival but cannot sever its ties to the natural systems of this planet.
There are real opportunities in the world to eliminate poverty and bring real wealth to our communities, but it will require the dismantling of the myth and capitalist narrative based on faith that these economic debates hinge upon. You can read and learn more about these ideas through steadystate.org, maweb.org, the ecological economic journal, and in the world of science. The long-standing narrative of the capitalist economy is not only incompatible with the basic laws of science – it is unsustainable and is ultimately placing our children and their children in moral peril. Our children should not be born into a world of debt – but this is happening right now. We are consuming more than the Earth can regenerate and are living off the natural capital that was built by ecosystems past. Our economists, politicians, and people debating these issues are living in a fantasy world that exists all in the mind. I think it is time that we let the real world set the limits on what we can do – we must live within the bounds of nature. Stop believing this distraction. Talk openly with your politicians about ecological economics and tell them we want a separation of church and state in the same way that we want a separation of faith and economy. Let's put a rational economic model into place and end this destructive force in our lives.
Ron Paul is almost correct in his views – but his blind acceptance of laissez-faire economics in the style of Ayn Rand's selfish objectivism is a tragic error. Modern philosophers and scientists rejected this notion long ago – based on empirical evidence and new insight. Look to the Nobel winning economist Elinor Ostrom if you want to learn how the economy really functions and it is nothing like the direction we are headed – a collision toward our extinction.
Is Canada the coincidental name of another planet with an alternative reality? Because you sure write like you're from another world.
Your vote and opinion belong in Canada where the Canadian and French Canadian never get along..............better yet Mark..............move to the USSR because that is where you apparently belong.
Your negative feedback is because you guys are ignorant of history and unable to see the larger potential here. If you are a practising scientist – like me – and you are familiar with the scientific literature on the economy, then you would know how much of a scam the economics of American politics really is. Here are few examples from the scientific literature:
" Replacing capitalism with a new economic system is necessary for sustainability..." (Rull, 2011 – EMBIO reports, Nature Publishing Group).
"The co-evolution of capitalism, democracy and science since around 1800 has unleashed unprecedented progress but also major existential problems, such as environmental destruction. This article asserts that while all three have instigated the gains, the negatives originate primarily from neo-classical capitalism's (unless specified, future references refer to its neo-classical variety) narrow focus on self-interest within human values and its domination of society. Sapience, the root word for Homo sapiens, means wisdom, which involves transcending narrow personal concerns. However, given capitalism's dominance, self-interest becomes the primary consideration. Neoclassical writers argue that the focus on self-interest by individuals automatically leads to the societal good (Lowenberg, 1990). This article undermines this argument by identifying the links between the major current problems and excessive self-interest." (Murtaza, 2011 – Ecological Economics – professor from University of California, Berkeley).
"It is true that there is, at least in America, a deep faith in economic growth as a fundamental part of the American Dream. Every American hopes for a better life; and as he strives to attain it, faith in the value of economic growth becomes a sacred assumption. "To question it is to threaten the American dream itself." President Nixon in his first state of the union address reaffirmed his belief in economic growth: Continued vigorous economic growth provides us with the means to enrich life itself and to enhance our planet as a place hospitable to man". Ecologists used to cycles of growth that repeatedly increase, level off, and then decrease, only to increase once again, question this assumption so basic to American economic theory." (Gerald Young, 1974, Advances in Ecological Research – a classic paper on Human Ecology).
These are just a couple of quotes – two recent and one older – but the notion of economic growth is founded on faith, not science. Science has rejected this notion and has the qualitative and quantitative evidence to back these claims. It is a sad shame – because the potential is there to end poverty, to improve health care for everyone on this planet, and to solve many if not all the worlds problems if we could only get rid of the fictitious economic narrative that threaded into a set of near impenetrable set of beliefs in the American dream – which is fantasy. The economic narrative of America is as real and as reliable as the religious narratives that are threaded into your culture. I would prefer science, evidence, and understanding over faith when it comes to the economics. Capitalism is nothing more than a religion based on faith that economic growth will someday raise the tides out of poverty and into economic heaven. Obama and every other president is the evangelical minister selling this idea to the flocks of American's wearing business suites and attending church service on Sunday. This is the why we are facing economic collapse – you can't run an economy on faith and mythical narratives.
I think that if our government needs to cut the budget they can start with their own paychecks. To the best of my knowledge congress is the only institution that votes on their own pay raises. They also need to institute a a flat tax where so everyone pays the same percent. That is fair to everyone the rich and poor. No more loopholes for anyone rich or poor. It will also help shrink a large part of the budget that pays for the IRS and tax return checking. The only returns that will need to be checked are those that are not payroll deducted.
Grover Norquist 1, USA 0
If the Republican mantra is that the tax on the wealthy are for "Job Creators" and must be kept. It begs to ask the question, as to WHERE ARE THE JOBS THEY ARE SUPPOSED TO CREATE? The Unemployment rate has been ticking up and the Bush Tax Cuts have been in place for a decade! Sorry, but the wealthy hiring themselves more maids and nannies does not count as Job Creators in my book!
Why don't we take from the poor unwilling to be educated and unwilling to work, they don't produce jobs for the middle class. If you receive any kind of government assistance (other than education loans) you should not be ENTITLED to flat screen t.v.'s, cable, video games, computer, etc., I used to teach and the poor kids had better sneakers then the middle class kids whose parents were not receiving government assistance. WTF is wrong with this picture?
The American Myth is of free will in its simple primary sense ;
one can choose oneself and will one self and this absurdly
optimistic assumption so dominates the republic that it has bred
all its gross social injustice .
that's right – DOWN WITH THE MAN. Now, take another toke and chill, yo.
How dumb is your statment!!! quite hating your/my country, its "freedom to persue happines" , you have chosen not to and blame others for it. that doesn't make your country unjust it just makes you poor.
Boner and the Republican party claiming the Democrats are difficult to work with? Now I heard it's all.
As these discussions point out, there are "Lies, Damned Lies, and Statistics" (attributed to Mark Twain). Or said another way, "tortured long enough, statistics will confess to anything." Most recent government austerity packages around the world have relied on 1/6 to 1/3 tax increases and the rest spending cuts. Let's split the difference and say 25% tax increases. So for every $1 we raise in revenue, we cut $3 in spending. Instead of arguing over where to cut, let's cut everything in the budget by the same percentage and let Congress figure out if they want something else instead (good luck with that!). Finding revenue is easy - drop the income cap on Social Security taxes, tax capital gains and dividends at the same rates as ordinary income, repeal the 2001 tax cuts, and remove every single tax credit from the code, because these distort economic reality. Social Security, Medicare and Defense all need reform, but one thing at a time here ...
Enjoy the attention Boehner while it lasts. I doubt you'll be back as speaker. Your party will be in the minority again for helping the rich and not tax payers.
Seems like most Republicans are now against defaulting on our loans to China.
Boehner meet Gingrich
Gringrich haad your job and claimed he had a "Contract With America
He went to bat with Pres Clinton and failed to nrgogiate a budget which shut down the government for several weeks
Next election, Gingrich LOST and so did the GOP
Boehner, WAKE UP AND READ THE WRITING ON THE WALL
Either way I hope (actually I think) you will also LOSE in 2012 along with your side kick Cantor and the other Tea Party KIDS!
Why is it that rich people always want a blank check to do the things they want, but when its time to pay the bills they get they prefer to dump their created mess on undeserving middle class, elderly, and the poor.....and you middle class wannabe's just made your children future at risk beyond what we are experiencing, take a bow and fall on a butter knife.
Simplified thinking. A 10% increase on someone that is living paycheck to paycheck can mean the difference between eating or not. While a 10% increase on someone that is well to do might mean that they might have go go without what? Where are all of the jobs that these "job creators" have made. Haven't seen many.
The jobs they create are in Asia.
The rich call themselves globalists now, not Americans, because they are traitors, and you only do one thing with a traitor.
I think his real problem is that he must be afraid his tears won't mix with the jello properly. From what I can ascertain he was"all in" on an agreement a couple of weeks ago, then found out that as speaker of the house he had no one following him, so he does a 180 degree about face, in an attempt to save his job as speaker, bowing down and kissing the shoes and arses of the rogue tea party, who despite their bantering about cutting spending and reducing the deficit, are as much on the take as everyone else they profess to dispise. What a bunch of COWARDS, and now John "CRY ME A RIVER" Boehner is back to kissing their arses
I can kick Boehner's butt any day of the week, and he knows it. He'd back down like a pawlenty if he tried to say that to my face!
I feel like I live in a country run by two delinquent parents; Democrats and Republicans. This would be, of course, on par for our nation considering that over 50% of our nation’s families are broken homes, 1 in 12 people are alcoholics or abuse alcohol (NIAA), proscription and illegal drug use is an epidemic, where we have more teen pregnancies than anywhere in the world and where debt is our biggest source of income. I say all this while being thankful that I live in this nation regardless of the dysfunctional leaders within it!
Here they sit, “politicians”, in the White House and the Capital House bickering and arguing over who has to sacrifice what for the sake of our economic lives, just like two selfish, dysfunctional parents fighting over from who’s savings will Bobby’s new pair of eye glasses come from. While they argue, Bobby continues to suffer from headaches and can’t even do his class work because mom and dad refuse to just split the cost 50/50 or in whatever other compromise could be made. Though the debate is over who’s going to pay the most or sacrifice the least, the point is that Bobby is suffering and not the suffering of those having to compromise. After all, that’s what being a parent; in this case, a leader is about; sacrificing what you want for those you lead.
But of course, this analogy is flawed in that it is assumed that the parents on some level care about the well being of their son. It is obvious that neither party cares for the citizens that both voted them into office and that they are sworn to protect from all enemies, both foreign and domestic and in this case economic. These two quarreling fools we have as representative parties are concerned with only one thing; re-election. Both sides are worried about how their vote and what they vote for will affect their upcoming election season, all the while, never minding that their very job is purposed to be one of sacrifice for those that put their valued faith and trust in them to lead.
I’ve had enough! I am a simple, 34 year old man with very little college education and a past filled with enough mistakes to cover 10 men. But I’ve taken responsibility for my past, present and future and it’s time Washington did the same.
Generation after generation Washington has served itself and those close to her for her own purposes and look where it has gotten us; over $14 trillion in debt. I have become physically disgusted at the news coverage, “Obama walks out of meeting” or, “We are farther apart than we thought”. Blah, blah blah! Are you kidding me?! I feel completely ashamed that this debate is being witnessed by the entire world. We are being watched like a soap opera and laughed at because we can’t even come together on a simple negotiation; a simple negotiation that has seemingly the weight of the financial world resting on it.
Our politicians act like babies under the guise of “concerned activists for their constituents or political ideology” when the truth is the majority have nothing but their own self serving interests in mind concerning upcoming elections. And the ones who truly do understand the meaning of “public service” are so drowned out by the noise of the political machine that their voices are mouse squeaks compared to the violent and deafening sound of the steel on steel wheels put in motion by the diesel and gas (Big Oil) engines.
I’ll say this Washington: Congratulations! Your lack of being adults in this simple matter of compromise for the sake of the people you are sworn to protect has moved you down a level from selfish, greedy, political addicts to the hands that hold the axe over mine and my son’s head.
I am sick of BOTH parties squabbling like children on a playground. The GOP was out of their minds in providing tax breaks (only for wealthiest Americans naturally) while funding _TWO_ wars... one of which is the longest in US history. That borders on insanity. The Dems? what do they do? As soon as Obama gets in office he blows all his political capital and his 'honeymoon' period on a pie in sky healthcare reform... that at the end of the day ended up being a watered down, worthless steaming pile no one liked... passed just so he can say he passed it.
I actually liked the idea of health care reform, I just didn't think it was the nation's top priority at that time.
But right now, I am FURIOUS with the GOP.
They are acting like children, stomping their feet and saying 'no', 'no', 'no' over and over again. The geeNOpee.
Take your personal views on this issue out of the equation for a moment. Libs and conservatives alike. Forget where we stand on either side of this tax/spending/debt ceiling debate for just 90 seconds and bear with me.
You don't have to like it, but our ENTIRE political system is built on balance and compromise. Read the Constitution... better yet, go read Federalist #10 (the Federalist Papers were published by some of the founding fathers not so anonymously to argue the case for a new Federal constitution to replace the failed Articles of Confederation... and Fed 10 is on the topic of Factions, very relevant today I think).
So love it or hate it, our system is based on majority rule with minority rights. It is not, nor has it ever been 'winner take all'. A Democratic president simply MUST work with and compromise with a Republican congress and vice versa. Even within the legislative branch, serious legislation can only be accomplished with agreement from both sides of the aisle. Our entire political system was engineered this way, on purpose, by our founding fathers and the framers of the constitution. If you don't like that little ugly truth, you don't much care for our constitution I suppose.
So beyond debates on tax burdens, corporate avarice, out of control spending etc. I see a party that simply refuses to compromise. A narrow majority in one of the 2 legislative bodies is NOT winner take all. Nor was it a mandate from American voters. For years the GOP has been 'our way or the highway'. Stomping their feet and saying 'no' like a child being told to take their medicine.
The Dems don't want to cut spending as much as the GOP. The GOP doesn't want to raise taxes. Not a shock, both stands are pretty much inline with party philosophies. But Dems make counter offers and compromise, agree to cut spending a bit, and raise taxes a bit less then they'd like... and the GOP? stomping their feet saying 'no, no, no' like a child again.
That @#^@&(&% tax pledge is inane. Who in their right mind can guarantee that there will never be a circumstance while they are in office that would require raising taxes?!? Granted a silly example in extremis, but what if an asteroid was hurtling towards the Earth and the only hope was to pump money into NASA so Bruce Willis could save us all. Should we all die because of some ridiculous 'pledge'?
The GOP has become an irrational and uncompromising body. Their base cheers them on, and I get that, we love people that don't compromise. But read the constitution again, read Fed 10, that is not how our system is supposed to work. Their inability to compromise is disrupting our entire political system, they stand in the way of any kind of progress or solution to ANYTHING other than their own narrow interpretation of how things should be.
I am a DEVOUT Independant. If you want balance, I can rail against the Democrats for a while if you'd like. They aren't much better in my opinion.
BUT AT LEAST THEY CAN COMPROMISE.
This 'line in the sand' nonsense is destroying this country. At this point I would like to see nearly every Republican, especially everyone that signed a ridiculous tax pledge (not because of their opposition to raising taxes, I don't mind that, but because of a promise to NEVER compromise), voted out of office.
Part of me thinks Obama needs to let the GOP tank any deal they work out, not raise the debt ceiling. Let come what may, let the sky fall, let our credit rating drop for the US... and make damn sure the voters know it was the GOP's refusal to compromise that brought it about.
I am no Democrat, but I am absolutely disgusted with uncompromising party of 'no'.
"I am no DEMOCRAT" -right.... when pigs fly...
If the arguments on this page don't illustrate the need for serious tax reform, I don't know what does. Should the oil companys and other large entities recieve tax breaks? Hell no! Is it right for 20%-40% of Americans to pay no income tax, and yet still qualify for certain tax programs which actually pays them a refund? Hell no! These issues feed from the confusion in our tax system. Figuring out who is actually paying their "fair" share is no easy matter with a tax code that is longer than the tail of Haley's comet. Tax reform is a must! Simplify the tax code and put everyone on a level playing field.
The coments about this country looking disfunctional are interesting. I believe that this country is disfunctional. Two political parties that are constantly sabotaging the others plans for political gain seems to be the norm to me. I think a third party would at least provide critical swing votes in times of crisis, and there would always be a tie breaking group that would put an end to much of the political arm wrestling that takes up so much of our Senates and House's time. Things may actually start to proceed in a timely manor.
The point of this post is to try to persuade more of you to think about fixing the problems, instead of simply fixing the blame. This is our country, and if we let the politicians in Washington pull the wool over our eyes with Rhetoric, and Red Tape, then it becomes their country, controlled in their terms. By fixing the problems and clearing the murky waters, we can take back the control, inch by inch. We all want a thriving, healthy country. So lets work together to cure her ailments.
Peace, through understanding.
I don’t know one veteran accountant who can’t point out that very affluent people and corporations find a gamut of ways to minimize their tax liability. Not one. None of them, regardless of their political persuasions, argues with the fact that the Bush administration and the Republican control for 12 years was hugely skewed to give tax advantages to the very wealthy, and place the major burden on the middle class income brackets and the poor.
The first words out of G.W.Bush's mouth was: "I'm cutting taxes for those who pay taxes." He didn't say he was cutting them for the low wage earner. With a bunch of subsidies and welfare or the rich.
So, you are saying someone who didn't claim all their children until the end of the year is not entitled to a refund if that would effectively mean they owed no tax....or someone who bought a home, or installed energy efficient windows, etc. is not entitled to a refund ....if it means they owe no tax?
That a rich person who makes the bulk of their wealth through capital gains income only pays a 15% rate of tax on that income.... is okay with you?
So, it is okay by you for the wealthy who will owe some tax even if they take a tax credit for the mortgage interest on a second home, but if a poor person qualifies for a tax credit that would allow them to pay no tax...like a single working mom with 2 kids making minimum wage... that is not okay?
Just remember payroll with-holdings had to happen for the any tax credit to apply and give them that refund.
You are a real gem!
I could do Boehner's job better than he can, even if you mixed me with vodka first.
Do I Withhold aught that the poor require
or make a widow suffer want ?
Do I eat bread alone
Shareing it not with the fatherless
Do I see any in need of clothing and
not provide for him
Do I open my door to the stranger
so that he does not lodge in the street ?
Do I make gold my hope and say
you are my confidence
Do I Boast because my wealth is great and
my hand has gotten much?
Do I rejoice at the destruction of my foe
or exult when evil befalls him ?
Do I fear what the multitude will say
Being Silent when I should speak forth.
Do I b
Without a doubt, I bet you could!
This imbecile drunken FOOOOOOOOOOOOOOOOOOOL who have been in congress for years didn't even know that fresh or new congress men/ women ought to be sworn in before voting. It's like a strange PIG entering your house at Thanksgiving Dinner and taking a seat at the head table like a family member.
@Sarah, the wealthy won't have to do without one little thing. The problem is except for Democrats in Congress and the President, the rest of them don't care if we eat or not, Period! If you aren't wealthy enough to go on with your life untouched by a 10% tax increase, 'OH WELL'! 'That's not our problem'! 'If you can't pay your high medical and drug bills, even with insurance, then you can just DIE! Soon there are going to be 2 classes in AMERICA; the RICH and the POOR! Working poor/poverty-stricken, DIE!
Liz – you are obviouslly very passionate about your position, but I must attempt to redirect your thinking a bit. Wealthy people make their money in business, and their business models almost always involve employing other people. While I don't doubt that greed exists among wealthy people, just like it does among poor and middle class people, wealthy people can't make their wealth unless they actually employ someone. So to make a blanket statement that all wealthy don't care about anyone else is a little bit dramatic.
Liz – you are correct that eventually there will only be two classes. But those classes will look different than you might think and they are being created differently than you think. Basically, it will be those "on government assistance" and those "not on government assistance". Those "on" will actually encompass more of the middle class than people realize (as well as all of the poor). Once that happens, we will follow the same fate as the Roman Empire.
Boehner is a manipulative liar. Democrats need to stop allowing Republicans to bully them and tell them what to do, it's pathetic. Put your foot down Democrats, we voted for change and we meant it.
Let me clarify – Boehner did not really mean to use the Jell-O analogy. He really was referring to Feces.
Obama is a peice of shyt and you know it
What happen to your change last November? Seems like the boat for change sank. And not too soon.
I really wish that people would stop falling into the class warfare trap. It's easy to point the finger at something you (or I) don't have and claim "unfair". In reality, we should desire a society of millionaires. Poor people don't employ other poor people, and you can't mandate actual trickle down prosperity from the government to each individual. The more millionaires there are, the more jobs and economic prosperity there will be for everyone else. I'm not saying that there won't be a certain percentage of them that won't break the law, make money off someone else's broken back, etc. Greed is not more prevelant in the upper tax brackets – it's a human condition. Haven't you ever seen poor and working class family members rip each other off over a few dollars of inheritance?
Actually you have that wrong.
The purchasing power, and the sweat-of-the-brow of the working person makes another person rich.
You can't be sell anything, or create wealth without someone to do the job. Look at the produce in Georgia rotting on the vine due to the loss of employees...which for many of those farmers might spell the loss of their farm. This is directly related to the current job market and dissatisfaction of legal Americans who do not have jobs.
If Herbert Hoover's, Ronald Reagan's, and George Bush's adherence to the Taft Theory of trickle-down economicsand deregulation worked we would currently have the best-trained work force with Zero unemployment. All they proved is tax cuts for the rich and trickle down economics only works for the rich....and is devastating for everyone else.
Go back to the Clinton era tax rates, eliminate subsidies....which will eliminate the deficit by 2019 and probably create a great many jobs.
“Poor men wanna be rich, rich men wanna be kings,
and a king ain’t satisfied till he rules everything.” – Bruce Springsteen
And, after you have destroyed the rich, who will you envy then?
Bell3000, when was the last time you had your stupid head examined? You're intellectually and primitively backward. Whew! Who even raised you? Some filthy PIG?
@Bell3000 That whole group of Republican thugs are the ones on the estate tax bandwagon....you should know.
@BELL2000 I take it you are a millionaire.
Look, if you don't pay taxes then you should not get to vote. Let the people who at the end of the day pay federal taxes be the one deciding where their money is spent. The rest just sit back and be glad to get anything.
Actually, the american public are quite clear – they believe by a huge margin that subsidies to the rich on their homes and other deductions for them should be removed and they should pay their fair share. Ditto on corporation who use huge loopholes to avoid taxes. The republicans are so all or nothing that they can spin it how they want. They can get the cuts but they have to do what the vast majority of people want which is for the rich to lose the subsidies they don't need.
The demorats have no spine
Apparently Boehner has spent too much time in the tanning booth. His little brain has turned to Jell-O.
These Taliban AL-Qaeda GOP IDIOTS can't even take questions in press conferences to explain their stupidity of holding REAL Americans hostage. They all appear at podiums with specific recited talking points which they practice like imbecile robots. They can't even answer questions like Pres. Obama does simply 'cos that will get them OFF their memorized talking points. They're soooooooooooo STUPID and DUMB that a candidate for VP have to write her talking points in her palm like first grades do in schools. Whooops! She shopped for 6 different colleges yet, ended up with an “F-Grade”.
They're a bunch of imbeciles, backward, delusional terrorist and worse than Taliban or AL-Qaeda. A real shame to their so-called race or I would say pig skin.
Great to see that you have chosen your 'name' in honor of a murderous racist revolutionary.
The boat for Cuba leaves tomorrow – be on it!
Without the wealthy, there would be NO jobs. The GOP is demonized by the very biased media and Democrats (both socialists and liberals alike) simply because Conservatives and Republicans want responsible measures emplaced. The debt ceiling CANNOT be allowed to escalate like a platinum credit card from Hell. We either say enough is enough right now or face complete economic collapse in a few years. Democrats (starting with Obama) need to start being both responsible and realistic. Reelection should NOT be the main determining factor in this decision.
The GOP are the american taliban. We need to find their positions and drive these wacko religious zealots from the land. Al they want to do is send all the jobs to China and save the top 5% oligarchy aristocracy of america. Bush destroyed this country and now his wing nut wacko understudies are threatening to finish us off for a second time.
Lefty, if you want to blame anyone for outsourcing our jobs, you would need to look no further then the Democrats and Clinton. He signed NAFTA into law and at the start of his first term – in 94, then got us involved in the World Trade Organization towards the end of this second term (in 2001). Then Bush jr is responsible for CAFTA during his PresiDUMBcy.
We were promised all of these great jobs and wealth would be pouring in, but so far – as you can see it is to the contrary.
It's easy to blame the opposing view, but you are just plain wrong. It is true that many corporations did leave the US and start outsourcing during Dubya's reign of terror, but it was laws and treaties that Clinton got us involved that set the stage.
Just theater to keep emotional idiots arguing with each other while the oligarchy rips you off and laughs at you for falling for it.
Let me clarify the dates as I have confused them. NAFTA was passed in 93 and made effective January of 94 and the WTO organization was still GATT, in which Clinton got us involved in 97 – at the end of his first term – not second. GATT became the WTO in 2001.
Let me help you feel better, Lefty... Repeat after me: "Um, UM, UM. Barack HUSSEIN Obama. Um, Um, Um.
Feel better now!
Speaker Boehner may be unfamiliar with how you can comrprromise to get an acceptable idea accepted.. If the White House did not offer changes, He would then say that President Obama is showing no flexibility. This just be his idea of using the media to get people on his side.
I do not understand why Americans are sitting back and watching this drama. We should be on the phone or on the computer demanding that a comrpromise may be made. We are letting special interest groups more power even though they do not represent large sections of the population.
I am willing to pay a little more in income taxes to allow some social programs to continue. I am expecting that my representatives will work on legislation that will be fair to all which means everyone has to give something to get an acceptable bill. I would even agree to a copay for medicare for seniors over a certain income level,
Just get this done. Representative Cantor and Speaker Boehner need to negotiate in good faith which means that Rep. Cantor does not get his own way. He has not shown or said anything which would lead me to believe that he wants to move past this rhetoric battle. He seems to have Mr. Boehner in a position where he talks but does not lead his party and that Rep. Cantor has the last word.
The Speaker needs to show he has the Republican with him on this measure. He cannot just stand by and let the Reps make individual decisions, We do not always have our little fifedoms.
Speaker Boehner is so afraid Eric Cantor will take his job, he is all of a sudden trying to talk tough. I will never understand how he can think that it is okay to ask everyone else to sacrifice, but the rich. When you hear of Oil Companies making 45 Billion dollars, or Wall St. Ceos making 45 millions in bonuses, while the average Joe on main street if he's bless to have a job, he don't know what a bonus is. But Boehner and the Republicans have no problem asking the average Joe to sacrifice, but they will not ask these oil executives, these wall st. ceos, these rich people to sacrifice anything. That is not fair. I would love to ask Speaker Boehner what is he doing about jobs? I have not seen or heard of one job bill from the Republican House. The Democrats have put forth ten job bills and the Republicans have voted NO on all ten bills.
Those of you who want to tax the rich should have their head examined. You guy's are so lucky that the Rich tolerate such disrespect. Don't push us too much. We will fire each and everyone of you. Offerings of flowers, fruit baskets and you're lacky services would much better suit us and our needs. Now, 2012 we will see about your precious OBAMA. He will be laughing stock of America, the bafoon he his.
The real issue is what's best for the economy. Is it economically better for the rich to invest and spend the money or for the government to tax and spend the money. Obama's track rexcord on spending is terrible. Waste, waste, waste, and not much economic progress.
Taxes are a tool that our elected representatives use to fund government. It's a tool that's been mis-used for decades but, do you sign a piece of paper that eliminates a basic resource ??? Analogy – if you bash your thumb with a hammer (ie mis-use the resource like we have done for a long time) do you throw away that hammer and vow never to use it again ?? These clowns are submitting to a special interest group because they think it will get them re-elected. Of course we have to increase revenue right now and, at this moment, there are some that are in a position to help. There are parts of the tax code that serve a very few and an elimination of targeted loop holes is NOT a tax increase on the body. GOP ? DEM ?? This whole thing is about character and honor and knowing that the decisions we make today will affect the participants of tomorrow. I haven't heard anyone say that whatever we decide today is permanent. I can't even come up with an adjective for this whole charade – ridiculous just doesn't cover it. And – I'm an upper middle income fiscally conservative voter. How many people on "this" side of the television cameras just want a political "servant" to say what they'll do and do what they say ?? Somebody has hit their 15 minutes of fame. Standard stuff these days – I got mine sucks to be you.
With politicians, it's more like dealing with drunk college kids. It would probably be best if all politicians were just found guilty for crimes against humanity and executed.
Enough ideology. Cut spending, simplifiy the tax code, raise some taxes and balance the budget with some surplus so we can start actually paying down the debt. Then some prudent and practical regulation of Wall Street and the banks would help restore some confidence and trust in the system. It would be nice if the SEC actually did its job instead of watching porn on the office pc's, too. And while we're at it, regulate derivatives with an eye to preventing fraud and bring back Glass-Steigel act. Also, we need to make sure that the mortgage markets are overseen by people who actually know what they are doing. Retired politicians should not be given multimillion dollar jobs at Fanny Mae board to just warm a seat.
“The American people want us to hang tough,” ??? I'm part of 'the american people' and I don't recall anyone asking me what I thought of 'hanging tough'. As far as we're concerned, we need BOTH cuts in expenses and INCREASES in income. This likely means higher taxes for those upper income brackets able to take advantage of tax code loopholes, exemptions, and special programs. EVERYTHING is on the table, ladies and gentlemen...including your job performance!
The fastest grwoing economy in the USA is in the Republican stare of Texas. Maybe we should adopt their economic policy, which is to permit unlimited importation and distribution (to the rest of the country) of illegal drugs.
Insisting on renewing tax breaks that were intended to be reviewed and renewed only if it was prudent in terms of the budget and the deficit to do so is irresponsible. It was promised that the tax breaks for the wealthy would trickle down and stimulate the economy. Well it didn't happen (it never does). The debt ceiling has been raised as a matter of pure routine dozens of times in the last several decades, mostly under Republican presidents. This is all a sham.
How about EVERYBODY, including the lower 40% of people, pay their fair share of taxes! If "services" are recieved taxes should be paid. Loopholes allowing large compaines like GE to pay no tax, should be eliminated. I would like to see a flat tax of 10% on ALL citizens and corporations with NO write offs or deductions. There should also be a 10% cut in all government agencies. The IRS and other departments not specifically authorized by the constitution should be eliminated. There is lots of waste out there...
Those of you who want to tax the rich should have their head examined. You guy's are so lucky that the Rich tolerate such disrespect. Don't push us too much. We will fire each and everyone of you. Offerings of flowers, fruit baskets and you're lacky services would much better suit us and our needs. Now, 2012 we will see about your precious OBAMA. He will be laughing stock of America, the bafoon he his.
I'm glad all three of you in the picture have a SMILE ON YOUR FACES. I for one am not laughing at what these so called leaders of our country are proposing as far as my future survival. Yes, I'm a 73 year old Senior that has maybe 7-10 years left on this planet and to hear that our President and a lot of Congressional members both Republican's and Democrats want to take away my lively hood of a piddle little Social Security Check that is really mine in the first place and to take my Military Disability and pension is the last straw.
These may just be scare tactics but I believe you are scaring the wrong people this time. If this is made a law then I personally will appeal to every senior and retired person in the United States to fund my SOAP BOX so I can go throughout the country and encourage voting you all out of office plus getting legislation somehow to see that your retirement along with your fathers, mothers, grand fathers and grand mothers pensions are taken from them and you as you plan to take mine.
I served my country faithfully for many, many years and am darn proud of it. So I am appealing to you SMILEY’S to look somewhere else to get the necessary monies to run the Government.
I’m not all that versed on the Debt Ceiling but I do know we have borrowed Billions if not Trillions of dollars from China which is NOT good at all. What would they do if we faulted on our loan, invade us and take over, NOT. Who wants a country that is as far in debt as the U.S?
We need to stop spending Billions of dollars on other countries, stop giving Billions of dollars on give away programs to illegal aliens, stop all pay raises for everybody including members of Congress, stop wasting Billions on the stimulus packages and buy outs, combine the military into one U.S. Armed Force that will save Billions of dollars by stopping duplicate spending immediately, bring the troops home from all the mid-east countries and start protecting our borders like it should have been decades ago. Don’t permit any aliens from other countries into the U.S. for a period of 8 years and then only on a monthly visa. Send all Illegal’s back to where they came from and quit paying for their children. I for one don’t know why this would be so hard to do.
Once you achieve your narvana, you'll began to feed on yourselves and implode. Just relax and enjoy your gloden years with modest means.
Boehner is so funny. I am glad to see that we finally have someone with common sense at the helm in the house. I just hope that it isn't too late.
Well you Re-puke-licans looks like your "no tax" policy is going to bite you. And when taxes do rise make sure you empty the trash and lock the door when you're voted out of Congress.
THANK GOD none of these arm-chair "wannabe" Republicans in office. Christ, if they had their way we'd be doomed by now.
This is outright class warfare at its worst.
The wealthy may be paying their taxes, but on a lower rate than most of the world and lower than historical rates.
When they're millionaires and billionaires, they can "afford" to be taxed at a higher rate. They will not have to scour Walmart for the best deal on clothing or food, or drive a compact to a 9-5 job. This class of people do not live like the rest of us, nor are they constrained by worries about paying for their kid's education or about being laid-off and losing their home(s).
If anyone of them feels like a tax hike on the top earners is unfair, then let's trade lives for a year and see how they feel then. Please don't argue that they earned their wealth by the toil of honest labor. Certainly, some did, but most got theirs by being born into privileged circumstances. There's a reason it's referred to as "old money".
what I really don't get is this sudden religion of fiscal responsibility by the Republicans. It was the Bush cabal supported and frankly egged on by the Republican sabre rattling right wing that got us in this fiscal mess. Frankly I think the Republican Party should find a way to pay for the whole Iraq war, it was their made up fantasy that has cost this county countless billions in cash and has squandered any sense of right that we one had. These tea party folks just don't get it. They supported the war, now they need to support paying some additional taxes to get us back on our feet.
Disingenuous is too soft a term for the tea party. They are the worst of Americans, concerned only about themselves and not the entire country. They are the same folks who are willing to tell the rest of how to behave meaning if we do not act like them, then we are misbehaving.
Make the compromise, move on to the next issue
It is absolutely unconsciable that the Congress is considering cutting recipient funded benefit programs for American seniors without first eliminating all unearned entitlements for all illegal aliens! All such federally funded or federally mandated programs should be the first austerity step taken.
Second should be a line budget item for the Congress to repay all funds it "borrowed" from the Social Security and Medicare trust funds. Such a payback, even without assessing interest, would go far in funding current benefit levels and future COLAs without cutting benefits or vraising contribution rates. The Congress violated these trusts to fund increasing the number of liberal social welfare programs, the primary reason the trusts cannot support increasing numbers of benefit recipients.
Third, enact legislation that re-establishes the members of Congress as citizens of the United States by requiring their participation in all programs, fees, taxes, and insurance programs available to common folk of the land, and prohibiting their exemption from any law, program, insurance, benefits, retirement plans, and other perks not provided to every citizen. Not a deficit breaker, but certainly a necessary symbolic gesture.
Fourth, enact legislation prohibiting taxpayer funded vacations, family visits to Africa, shopping trips, and other unnecessary travel by the first family and their assorted relatives.
Then negotiate an austerity budget that requires either tax increases or benefit reductions for the few programs available to working Americans.
Then, negotiate an austerity budget
First and foremost it was the Republicans that got us in this mess from the Bush era. Let's not put the blame on Obama. Yes he stressed change but it is the Republicans who don't need medicare, social security and better health care. Obama has tried his damnedest to keep his word after being bombarded with all the crap from Bush. So tell me why shouldn't we tax the rich. All you hear about is increasing taxes but it is only for the rich. OK supposingly the rich and big companies with tax breaks create jobs...have the Republichans tell it -WHERE ARE THE JOBS? So any moron who thinks your tax rate is comparable to the rich, think again. Ignorance is not the answer when the middle class and lower are paying more in taxes than the rich. Yes Obama shouted change and it is obvious the Republicans didn't. If you can indeed count you will add up the fact that Obama did not run up the deficit. Bush started it when he invaded Iraq when hunting the wrong enemy.The major thing I see really wrong is that the Dems should have handled this issue when they had the House...but noooo there were too many other Bush fires to put out. Don't just comment with whatever out of your head, research, It always best to keep your fingers from writing and be thought an idiot than to write crap and remove all doubt.
Bush should be blamed for all of our problems for the next 20 years, because that's how long it will take to fix his mess.
What I have learn about the GOP is they spend like there is no tomorrow then they pass the buck to the Democrats to fix there miss guided way's. You can't spend money you don't have. and if you do then you better be willing to go to your base. (million airs and billionaires) and ask them to pony up the money. Also what happen to the Billions they found Warehoused in Iraq during Bush's invasion??
I would say John Boehner's brains are made of jello. He's a complete disgrace to this nation and should be removed from power along with the rest of the GOP schmucks who have taken our nation hostage to corporate greed.
I think it is comical how the Obama has chosen the $250,000 of income to define the wealthy. Guess what, most of the people around this income level are not just a family, but small businesses that file taxes under the owner's social security number. Any proposed increase is in effect an assault on small business more than individuals. The president has been beating this drum loudly. If it was me, the increase in taxes could be the straw that makes me close up shop and lay off my workers. I've heard stories of the manufacturers of the corporate jets are already laying off because of orders that have been cancelled since the president's corporate jet speech. Note, I said I heard stories – I have not verified this. Big business tax increases get passed off as price increases, so they can keep the profit margins. So increase taxes on the big business and it is paid by the consumers of the products they sell, not the business. With the higher price is a higher sale tax, so that means it’s a double whammy! These taxes are paid by everyone wealthy or not. If the price increase is too much where it hurts the bottom line, the business then make cuts to the day to day costs (lay off the "Non-essential" employees; close the unprofitable departments, etc.). All in all, tax increases result in job losses, and that is not something we need in the present economy. Hmm, “Non-essential employees – does this sound like non-essential government workers??? Oh yah, I forgot once something is created in the government it never goes away – duh.
Last year, I made ~$100,000 and paid in ~16.5% of my income between Federal income taxes, social security and Medicare. Add 3.3% for state taxes or ~$20,000 total. I paid ~$8000 in Federal income taxes (~8% of my income). That equates to working almost one whole day a week to cover my taxes (or to the middle of March when looking at the entire year). I guess that is better than average. Take a person that makes $250,000. At the same rate would pay in $20,000 in income tax. But they are already at a higher rate than I. This individual can afford accountants to find the legal deductions to reduce the taxes they pay. Think about that $20,000 number. That is more money paid in taxes than someone at the "poverty" line makes, and that is just the income taxes! What did I get for my $8000 – worthless art, a bridge to no where, over priced toilet seats, corporate bail outs, welfare checks to people who would rather sit at home than work? Don’t give me the jobs aren’t out there. Jobs are out there. The question is, are you willing to get dirty and do the work for the money being paid. I worked at a canning factory for $3.65 an hour. I brought home as much as I could make in unemployment and was taxed on it. I took a loss is how some see it. I see it as work ethic. That work ethic these days is hard to find. I will also say that job was the most fun job I have ever held. Most of the wealthy got there through hard work at some point in their family history. A few got there by luck. Let’s not demonize the wealthy, demonize the wasteful spending in Washington! Demonize the excessive salaries and invalid expense account charges of government employees.
The answer is not increasing the taxes on the wealthy, but to curb spending, balance the budget, and to end special deductions and subsidies that cater to the affluent. This is in effect would be a tax increase to the "wealthy" but it is more a way to level the playing field from that point on.
This debt ceiling thing, is like going out and getting a new charge card when you already have more bills than income coming into your home and all your other cards are maxed out. The answer is not to get the new card, or to consolidate the debt, but to cut expenses. This is done by eating out less, cancelling the cable and cell phones, walk or ride a bike instead of drive to work...
Thank God for Canada, AKA, the next Big Brother. You guys go ahead and rip each other apart from the middle.
Get it done. Just take the rich out to a field, shoot them and take their money. After all they only studied hard in college to become successful. Or they spent their time doing hard research and investing wisely. Who the heck do they think they are? Why do they feel their hard work should be rewarded? Why should they be allowed to keep their profits when they take a risk by investing in something that pays off? It is not fair!!! Shoot them and take the money that's fair! And when we have redistributed their wealth and they have no more then maybe we can invade another country and find some more of these rich rats to skin. Afterall we deserve the fruits of their labor!
If the GOP has their way the only thing 53% of us will be able to afford is jello.
Anybody who thinks we can tax our way out of this needs to go watch the 9 minute video on youtube called "Eat the Rich". The short take on it is that if you confiscate every dime from Bill Gates & Warren Buffet types, you can run the gov't for just a matter of a day or 2. We don't have a revenue problem, we have a spending problem. The debt is = to the GDP now (which includes the income for the "rich"). Just how do you ever work that off?
I agree with you 99% Coach Lew. I'm not quite sure I can go along with your immigrant solution though. We are a nation of immigrants; or at the very least, decendants of immigrants. Month to month visas? For how long, and how many can they apply for? If they have proved to our society they intend to be contributing taxpaying citizens, have no criminal records, have actually learned the language why can't they be 'citizenized'? I believe we should find a means to take care all of children. They're children.
From what I can see, it seems that the problem America has against immigrancy is more than always directed at Mexicans/Latinos. Why is that? There are other races that come from other countries into America too! Why aren't they sent back, dismissed, disenfranchised and treated like a diseased hardship? Do we REALLY request their citizenship papers when they're signing up to our military, to go fight and die for our country? NO! Or when they contruct/build, clean, sow/reap, roof, landscape, tile, etc., NO!
You ask "always directed at Mexicans/Latinos. Why is that? " Well, because at this point in time Mexicans/Latinos make up the bulk of illegals in the country. We are a land of immigrants both voluntary and forced. However, they came here legally, not sneaking over the border.
It is a matter of balance. The US has always set quotas for the number from each country / ethnic group. These people are breaking our laws. If they want to immigrate then fill out a form and get in line. Consider this, for every illegal in this country there is one less law abiding person, maybe from Africa, China, or even from Mexico that is not allowed. They are taking away from those that will to follow our laws. It is a shame that these modern thugs are pushing others out.
@The Dude, Good post. I agree 100%! They got blinders on, and act just like it never happened; Bush had NOTHING to do with the state of Americas' economy or standing in th world! I think, they think that if they just keep focusing on the last 2 1/2 years, as the problem and keep repeating over and over to the stupid and biggoted minsdets that OBAMA's the REAL reason we're here, people will somehow forget all about where the dominoes started tipping over! They started tipping over long before OBAMA went in.
You say 'they came here legally, not sneaking across the border'? On what grounds of legality did the Europeans come here? They snuck across an ocean! Came in, pushed back the indigenous race of people that were already here, set up house and took over! WHITE SUPREMACY was born in America right then! What laws did they set up that gave them the legal right to force Africans here? They drug us across the ocean too! However we got here.. we got here! LATINOS can't even come under a fence for a better life!
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