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Obama Likes Fiscal Cliff
The Virginian ^ | 12/30/2012 | Moneyrunner

Posted on 12/30/2012 3:15:39 PM PST by moneyrunner

For reasons that escape me, most people on Capitol Hill and members of the brain dead "Press Corpse uh Corps" seem to believe that Obama really wants a compromise to avoid going over the so-called “Fiscal Cliff.” The assumption is that Obama wants to raise taxes only on those making over $250,000 annually and would like to have something done about those sequestration laws.

Talk about living in a fantasy universe.

The “Fiscal Cliff” is tailor made for Obama. Keep in mind that the law which implements this tax hike and sequestration was recommended by a member of Obama’s administration.

So what will happen if the law is not changed? • Tax rates will go back to the rates we had in 2001. • Spending will be “cut” by $1 trillion over 10 years.

Let’s look at these results one at a time: raising taxes. First, I agree that raising taxes is not sound policy in an anemic economy and could bring on another recession in 2013. From Obama’s perspective higher tax rates will increase revenue to the treasury, allowing him to spend more. If it leads to a recession in 2013, so what? It isn't going to affect him.

Keep in mind that he's an incredibly lucky community organizer who ended up in his dream job. He’s got his job, his Air Force One, a large free house where he can host extravagant parties using his personal servants, taxpayer-paid vacations to luxury resorts for another 4 years, a very handsome pension and the ability to become ultra-wealthy the same way the Clintons did it after leaving the White House.

He's term-limited out so a bad economy doesn’t worry him from an electoral standpoint. In fact, a bad economy, higher unemployment and the economic ills that accompany it are is tailor made for a President who wants to increase government control over people. With millions more unemployed there are great opportunities for even longer unemployment benefits, more free cell phones, more food stamps, more people claiming social security disability benefits, even a broader version of ObamaCare. The press corps is not going to make him uncomfortable by asking pesky questions about his part in a stagnant economy; they’ll dutifully blame the Republicans.

Tell me again why he would not want to go with that.

Second, about that “spending cut.” Government is the only entity that argues with a straight face that spending more is spending less. If they planned to increase spending by a trillion dollars and they actually spend a trillion dollars minus a penny, that’s the government definition of a “drastic” spending cut. But if government spending is kept at roughly current levels, a “trillion dollar cut” over 10 years is actually a reduction of one hundred billion dollars a year. At one time that was a lot of money. Since the beginning of the Obama spending spree that’s a rounding error. If the Obama government saw one hundred billion dollars lying in the street, they would pass it by like you would pass a dirty penny.

But here’s the reason that Obama doesn’t mind the sequester: it falls largely on the military and Barack Obama wants to cut the military back. He believes that America is the cause of much of the world’s problems and most of that is attributed to America’s powerful military. So the sequester for him is a win-win. He gets to gut the military and blame the Republicans at the same time. How cool is that!

You can be confident that congress will not stand in the way of additional spending on social programs if the recession hits. They have to run for re-election. And if it doesn’t hit you can be sure that Obama will find any number of excuses to demand more for “his” people.

What I find incredibly frustrating is the picture of Republican congressional leaders trying to shift the blame for the fiscal cliff to Obama by complaining about his lack of leadership on the issue. First of all, it’s a stupid tactic because it elevates him to the position of the indispensable man. Why they would want to do that is beyond me. Second, they make it appear as if Obama actually wants a solution to the fiscal cliff when he’s perfectly fine with the solution he has now. They should have been accusing Obama of wanting to go over the fiscal cliff for months. That, at least, would have been the truth and would have gotten a different response from the Democrats and perhaps even Team Obama.


TOPICS: Business/Economy; Government
KEYWORDS: fiscalcliff; obama
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1 posted on 12/30/2012 3:15:50 PM PST by moneyrunner
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To: moneyrunner

Here’s what Boehner should do:

Have the House pass a permanent extension of the current Obama tax rates.
Tell Obama and Reid that there will be no discussion about increasing the debt ceiling until that Bill is passed by the Senate as is and signed into law by Obama

Adjourn.

That’s right, adjourn. Leave town. Go home. Stop talking to the press. Stop talking to the WH. Just leave.


2 posted on 12/30/2012 3:20:30 PM PST by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: moneyrunner; All

Don’t give in GOP, go over the media’s stupid cliff

Layoff the whole federal government , also the EPA, IRS, FCC,HUD, FEC ,FDA, OFCCP, etc. , permanently

Hold the line , Republicans, never surrender


3 posted on 12/30/2012 3:20:59 PM PST by Democrat_media (media makes mass shooters household names to create more & take our guns)
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To: moneyrunner
that committee of ten or whatever...created this and everything was tied to his re-election.

The Dems in the house....they're playing a game...they know the Pres and Senate hold ALL the cards. Such a farce.

4 posted on 12/30/2012 3:21:46 PM PST by Sacajaweau
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To: moneyrunner

The fiscal cliff works to “hide” Obamacare’s tax increases as well as provide a scapegoat (House Republicans) for the coming recession.


5 posted on 12/30/2012 3:22:14 PM PST by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: moneyrunner

I agree with you. It goes a long way towards explaining why Zero and the Dems have been negotiating in bad faith.


6 posted on 12/30/2012 3:22:34 PM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: moneyrunner

Guess how Hitler came to power? Complete collapse of the German economy. Hitler’s self portrayal was of a savior of Germany. Dictators always need crisis, collapse, fear, and irrationality to gain power.


7 posted on 12/30/2012 3:24:55 PM PST by PapaNew
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To: moneyrunner
This will eventually break the bank,I thought it would have broken by now, the level of spending going on right now cannot continue.

When the crash comes, woe be unto any elected official, dem or repub, local, state, or federal.

8 posted on 12/30/2012 3:25:38 PM PST by exnavy (Fish or cut bait ...Got ammo, Godspeed!)
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To: Democrat_media

Agreed, on one condition:

If you are going to dissolve large sections of the wasteful federal government, you have to replace the jobs.

Privately.

Otherwise we will go from bad to terribly bad, in an employment picture.

I say dissolve away, but BRING BACK AMERICAN JOBS.

We have eliminated hundreds of thousands, maybe millions of American jobs and sent them all overseas.

Even with the huge explosion in federal hiring, we are still hurting. Imagine is fed hiring shrinks.

What we need is an immediate return to American jobs.

Now.


9 posted on 12/30/2012 3:27:35 PM PST by Cringing Negativism Network
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To: moneyrunner

I agree with your analysis.


10 posted on 12/30/2012 3:30:23 PM PST by Girlene
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To: Cringing Negativism Network

Adjustment:

Imagine “IF”: the third to the last line, second sentence.

“Imagine if fed hiring shrinks”.

:D


11 posted on 12/30/2012 3:31:08 PM PST by Cringing Negativism Network
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To: moneyrunner

What ‘cuts’ did the GOP offer? Have they ‘cut’ anything in decades?


12 posted on 12/30/2012 3:32:28 PM PST by Theoria
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To: PapaNew
O has been a good student of Hitler, and Alinsky, etc.

He is reading Stalin's book now.

13 posted on 12/30/2012 3:33:14 PM PST by oldtimer
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To: Cringing Negativism Network

Just how do we “bring back jobs”?


14 posted on 12/30/2012 3:37:13 PM PST by exnavy (Fish or cut bait ...Got ammo, Godspeed!)
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To: Cringing Negativism Network

When you disable and remove the hurdles on the Free Market that gov’t has had in place, you won’t have to worry about the economy booming or jobs being brought back to the US (I will give you the corp. tax rate should/needs to be brought back under check, heck, ZERO would be best).

Otherwise, I have no care for those that have existed on the gov’t teet for their existence.


15 posted on 12/30/2012 3:37:23 PM PST by i_robot73
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To: moneyrunner

The Dems are BLUFFING.

They will show their hand ONLY when they see that the Republicans won’t, again, capitulate. They have a LOT MORE to fear from their wealthy Northeastern Liberal base than Republicans have to fear from their base, who simply want to see some discipline in budgeting, FOR ONCE.

And like it or not, the Fiscal Cliff will GREATLY reduce the deficit, as in something like $400B per year, simply because the poor and middle classes will be forced to START PAYING TAXES, again - while spending will see REAL CUTS.

The DEMS are the ones in panic mode, but they’re trying to hide it, in the (understandable) hope that the Republicans fold first.

And one more thing: I’m sick of playing good-cop / bad-cop with those bastards. We get yelled at for OVER A DECADE by the Northeastern Liberals for ‘irresponsibility’ of the Bush Tax Cuts. So the tax cuts are about to expire, and what happens - we get YELLED AT AGAIN, for not extending them.

Well screw them - if the Dems want the tax cuts extended so badly, then they vote to do so, ALL OF THEM. Otherwise they can TAKE A HIKE and explain to their lower and middle class voters why they’re getting reamed with increased taxes, because of the expiration of the Bush Tax Cuts For The Rich, as they’ve called them for 12 years.


16 posted on 12/30/2012 3:41:49 PM PST by BobL (Agenda 21...Agenda 21...Agenda 21...Agenda 21...Agenda 21... (whatever the hell that is))
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To: exnavy

There are a number of ways, I am just saying we need to bring back jobs.

I am not saying how. That is another discussion.

But if we eliminate some, we need to bring back others.

Or we are simply destroying jobs.
Which won’t win anything.

Ideally we should bring back more jobs than we eliminate.
Many more.


17 posted on 12/30/2012 3:42:13 PM PST by Cringing Negativism Network
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To: moneyrunner
I say dive over the cliff just like Thelma and Louise.

Get the shi'ite over with and blame everyone in both houses of Congress AND Pres_ _ent Obomba.

Clear ALL of Washington DC out and get some people in there that will actually do things for the American PEOPLE and not their own reelection chances.

18 posted on 12/30/2012 3:43:05 PM PST by Just another Joe (Warning: FReeping can be addictive and helpful to your mental health)
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To: exnavy
Just how do we “bring back jobs”?

By extending unemployment benefits, silly. /s

19 posted on 12/30/2012 3:43:05 PM PST by P.O.E. (Pray for America)
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To: Cringing Negativism Network

OK I can understand that, what if the econimy goes into meltdown. The jobs that used to exist in gubmint are the last thing to worry about.


20 posted on 12/30/2012 3:44:42 PM PST by exnavy (Fish or cut bait ...Got ammo, Godspeed!)
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