In his latest "take it or leave it because I'm the emperor" offer to avert the fiscal cliff, Obama has dropped all the spending cuts out of his plan, asking for $1.6 trillion in tax hikes coupled with a permanent end to the debt ceiling.
This is why you should stop getting all your information from a website called hotair... Obama's proposal is to have talks to decide the amount of increase on the highest 2% of erners, and to keep the cuts for the 98% of the nation below that level. He has also put changes in entitlement programs on the table. The only thing keeping negotiations from continuing is the refusal of republican leaders to even acknowledge that a combination of both spending cuts and tax increases on the wealthiest Americans is the only way to make positive fiscal gains.
Actually it was never 1%. It has always been raising taxes on individuals making over $200,000 or families making over $250,000. Those people make up about 2% of earners. That's what it was in the election, and that's what it is now.
it's to prevent over spending. credit cards have debt limits as well, this is to prevent you from getting into personal financial trouble, as well as protecting the lenders from financial loss in the event that you can't repay it.
What happened to deficit hysteria, Schemer? Now you give a shit about the economy staying afloat? In that case, I never want to hear you scream about spending cuts again, because spending makes the economy run, and somebody has to spend if the middle class ain't doing it.
Ever negotiated anything, Schemer? You start with presenting what you want, then you work from there to compromise with your bargaining partner. This is the START of negotiations, not the end.
Seriously, the word "negotiate" or variant of it appeared nowhere in this post, as if the only option is "capitulate to Obama." It isn't, you numbskull.
Over 10 years? You mean the same $400 billion over 10 years the Republicans propose cutting from Medicare and Medicaid just in waste and fraud?
Dude, Medicare and Medicaid are set to cost $900 billion each year by the end of Obama's second term. The program is set to increase in cost more than 10% each year, even if ObamaCare doesn't make it anymore expensive than it's expected to be. Next year alone, Medicare will increase in costs by $60 billion. Even if you cut that down to $20 billion, it will still be growing at 3.3% per year.
Need I remind you that the GDP is only growing at 2% per year under Obama? Once every bit of waste possible to squeeze out of Medicare is eradicated, it will still be growing faster than our economy, and will still be on track to bankrupt the economy, albeit a few years later.
He's already eliminated waste. It was 716 billion in Medicare cuts which were going to insurance companies. The rate of growth has nothing to do with waste and everything to do with the fact that more and more people are entering the Medicare pool.
It's not unsustainable. There are fixes to it (such as the national sales tax, which I actually support), and a lift on the tax cap for the first 110,000 on social security, reforming Medicare Part D and allowing Medicare providers to negotiate prescription drug prices, etc. There's tons of different reformations on the table, even Obama's proposal to increase premiums payed for by the wealthiest people who take Medicare. The public debt cost is exploding, not Medicare or Social Security. The only desire to gut those programs is because those take up a portion of the budget, quite similar to defense spending. The other ways to pay down the debt to accommodate its growth is through taxation.
What part of that graph did you not understand? At the rate Medicare is growing, spending will exceed the entire GDP of the nation eventually. No matter how much you tax, Medicare will eat it all up. That's what "unsustainable" means. Are you going to use that national sales tax to collect more than 100% of the GDP? Do you understand the problem with that proposal?
You republicans brought this upon yourselves. You businessmen brought this upon yourselves.
Your jobs were to provide for the masses a standard of living which grew not shrank. You failed.
Your moral obligation to your society was to grow it and make it stronger. You failed.
Your duty as citizens with power within the US and the world was to make and keep the US dollar and status above all others. You failed.
If I failed in every aspect of my job, as you have failed... I would be fired. You have nothing to which to command Obama to meet on your terms. You gave him the power to do as he does, because you are a dismal failure. Not only as men, but as leaders.
Whenever a governing body fails so completely, stronger men rise up and take power. Your just bitching because this string man is black, has a D next to his name which is Husain Obama.
1) Higher taxes don't affect me... Can't take blood from a stone. 2) Can't miss what I never was able to enjoy. 3) The loss of freedom? In what way? What freedom is being taken away by the rich paying closer to what is their fair share?
Bottom line is if the rich had been paying their fair share all along, there wouldn't be a need to tax them so much. But because "the job creators" chose to pay and do the minimum... and have the government pick up the slack with welfare and other, the richer you are, the more you are about to pay.
Don't cry about being forced to do your responsibility to the economy, your nation, your countrymen and your world. Least we slap you like you slap a child back talking you.
With any luck, the era of rampant greed that we have had for the last 40 years will be over and your side will be forced to awaken from your utopian dream of abusing the lower classes.
there wouldnt be as many on welfare if the top shared more of their wealth with the masses. But because they won't, it must be taken in the form of taxation.
This taxation which spends half of the tax taken on taxing you to begin with.
Now wouldnt it be better to willingly pay your workers more and less in taxes? More of that money taxed would go directly into the publics hands rather than lost in the shuffle. But greed prevents this from happening.
Tax hikes are not compromise. Tax hikes only give an oppressive government even greater control over our own resources. Anyone who thinks tax hikes are some kind of compromise neither wants nor deserves the liberty that the rest of us are fighting for.
You want compromise? Try taking a look at the actual cause of our debt troubles. By 2016, this country's entitlement programs and debt servicing will consume a greater portion of the GDP than the federal government has ever been able to collect in tax revenue. We will collapse like Greece without entitlement reform.
So if you're talking about tax hikes, you're not serious about solving the dire problems this country faces. The only way to save this country's economy is through spending cuts, and any serious compromise will only focus on that topic.
FerricPlushyFeatured By OwnerDec 2, 2012Hobbyist Artist
ANY asswipe can generate whatever numbers they want to make the case of what expenses will be in the future, use real numbers are fet the fuck out And this just proves to a greater degree you have no interest in compromises