Rush and Sean never told you about that eh? What a complete surprise from the "fair and balanced" folks. Year - Outlays - Difference 2009 3,517.7 2010 3,456.2 -61.5 2011 3,598.1 141.9 2012 3,540.0 -58.1 Source: http://cbo.gov/sites/default/files/cbofiles/attachments/HistoricalBudgetData.xls http://cbo.gov/sites/default/files/cbofiles/attachments/43698-Nov-MBR.pdf Good for you.
Rush and Sean never told you about that eh? What a complete surprise from the "fair and balanced" folks. Year - Outlays - Difference 2009 3,517.7 2010 3,456.2 -61.5 2011 3,598.1 141.9 2012 3,540.0 -58.1 Source: http://cbo.gov/sites/default/files/cbofiles/attachments/HistoricalBudgetData.xls http://cbo.gov/sites/default/files/cbofiles/attachments/43698-Nov-MBR.pdf Good for you.
It's not much of a compromise considering Obama has basically stated he WILL NOT negotiate any other terms then his own. However, his terms could work, however the problem is whether or not they would go in to effect fast enough to save the start of another recession. His terms - Agree and pass whatever I say, and we will be fine.
if republicans do that to America I am not sure they could ever recover and may even do something the terrorists could not do... destroy America from the inside
I suggest that the Reps do not want to play class-warfare. A few years ago taxes were reduced for nearly ALL Americans so when someone wishes for this to expire...then raise taxes on ALL Americans. This could not be more simple. Who cares what every president since WWII did to add to the debt?? Would you like to dig up all those dead presidents and punish them for their actions? Or does it make more sense to deal with the president and Congress who exist today?
A bunch of different things. Who cares? Spending decreased and the deficit decreased $207 billion. Which is what you'all been squawking about for the past 4 years.
That is such bull(*)(*)(*)(*). Lower income Americans who pay FICA taxes got NO TAX REDUCTION. Millions more who pay a small amount of income tax got a small reduction. The richest got the biggest benefit and cut by far. The tax cuts mostly went to the richest. The richest have taken almost all the growth in wealth and income. The middle class has been pounded. So raise taxes on the richest. This could not be more simple.
To be fair here. Obama already agreed to steep spending cuts. But he insisted on new revenue as well. I think the ratio was 1 dollar of new revenue, for every 10 dollars in spending cuts. Thats a pretty good compromise IMO. It was flatley rejected by the GOP.
Actually, I think we all agree spending needs to be cut. Liberals and conservatives. The issue here is where do you cut that spending? Conservatives want to gut, or entirely erase the social saftey nets we have in place, and leave military and deffense spending alone. In fact, most want to increase that spending. Liberals are pretty much the opposite. We want to preserve the social saftey nets, but we want to cut the military budget. But at the end of the day, we all want spending cut.
Let's start by saving 3 Billion a year and cut off Israel, after all they will never learn to survive if they keep taking welfare.
Lots of different things. But who cares. Spending was cut and the deficit dropped by the biggest amount ever. Funny how Rush and Sean never mention that, isn't it?
I can think of the same 16 TRILLION reasons why the Republicans should tell Grover Norquist to go to hell and compromise and agree to massive tax increases.
Because Obama had a deal even better than that with Boehner in private and he lied about it.Last year during the Debt limit crisis Obama was in talks with Boehner and Ryan/Cantor.Boehner agreed to an increase in rates for the top earners { 1-2% } but with a solid $900 billion is spending cuts.Obama agreed Then turned around and held a quickie press conference talking about he can't in good faith work with republicans due to their constant obstructionsim. Boehner was peeved.But he was pigeonholed.What was Boehner to do. Hold a Presser himself basically saying Obama wasn't being truthfull. The next day a big deal was made about how Boehner refused to take a phone call form the President.
Europe is a perfect example of how austerity on the front end of an economic stabilization plan fails to achieve economic growth. Theoretically speaking, we see the flaws in such a fiscal policy trajectory manifest in the form of Expansionary Fiscal Contraction (EFC). Adherents to this purport that significant enough spending cuts and tax increases, thereby changing future expectations about government spending, expands private consumption and investment. The fundamental flaw with this economic hypothesis is that in empirical instances where EFC is evident, so is significant currency devaluation. This, not austerity, provides the environment in which consumers and investors, due to low interest rates, increase their activity. In other words, monetary stimulus counteracts the negative effects of EFC. With this in mind, as a traditional Keynesian fiscal policy wonk, I understand that compromise will need to come from both parties. No, neither the Republicans nor the Democrats will need to relinquish their respective opposition to spending increases and tax increases nor spending cuts and tax cuts. Instead, they need to clear their heads, and realize where and when each policy needs to be implemented. The anchors that should bring the two parties together are increasing the progressiveness of the tax system, instilling vertical and horizontal equity in the tax code, and making government work more efficiently and effectively for their constituents. From here, the following grand bargain (of course my version is simple) should be put forth: Short-run part one policies: 1. Lowering of tax rates 2. Spending increases on infrastructure, dual-use military research and development, education, etc. Short-run part two policies: 1. Increasing of tax rates 2. Spending cuts via regulatory reform, entitlement reform, welfare reform, etc. Long-run policies: 1. Increasing the progressiveness of the tax system 2. Moving to a territorial corporate tax system 3. Elimination of all tax expenditures 4. Responsibly opening up lands to oil and natural gas drilling 5. Liberalizing trade relations with China, among other nations. This is the kind of solution this country needs. I hope we see it in the near future.
Maybe you haven't been listening very closely. Obama is putting forth big spending cuts, coupled with small tax increases.
Translation: Obama wants to gut national defense and redistribute the wealth of everyone making over $250K.
