posted on 11/14/2012 9:19:07 AM PST
Hussein’s deficit is the size of one of Clinton’s annual budgets!
How about $1.6 trillion in spending cuts? That would be much better for the economy and for liberty.
posted on 11/14/2012 9:21:00 AM PST
(Obama lies, Granny dies.)
Translation - Obama wants to reduce the GDP by 800 Billion. I figure that is worth a loss of jobs of about 1.5 to 1.75 percent added to the unemployment rate.
[using fuzzy math]
I think Hussein should ask for $5 Trillion in annual revenue increases just to be safe. $20 Trillion in annual revenue increases might be better. Why not $30 Trillion? $40 Trillion.
The reason why they rack up a big deficit is so that they can say “we need a tax hike.”
They know it. They think we are stupid.
He is deficit spending at that approximate number every damn year. The middles class morons who voted for this clown are gonna get one big surprise when the bill comes due and that will be as soon as interest rates rise. The young voters who cast votes to impoverish themselves? Well they can live a lifetime with that. I don’t much care.
posted on 11/14/2012 9:27:03 AM PST
If the industrial and business leaders have not “gone John Galt” up to now, this is going to a big decision-maker for them.
There are very few places left for refuge to where they may flee, but those places are about to get very, very crowded.
I miss George W. Bush. Hell, I miss Bill Clinton, who at least had the native good sense to triangulate when he faced resistance.
This criminal enterprise in the White Hut does not even start to understand the concept of compromise. The highway is no longer a means of escape. (You know, as in “My way or the highway!”)
posted on 11/14/2012 9:28:57 AM PST
(Bronco Bama - the cowboy who whooped up and widened the stampede.)
Agree to a $10 zillion tax increase in ten years. But not this year.
I thought taxing the “rich” was gonna solve all of this mess.
posted on 11/14/2012 9:45:31 AM PST
(Abolish Slavery, Repeal The 16th Amendment!)
Pay your taxes, people. Obama needs more of your money to spend and play with. And he’s got millionaire mouths to feed.
posted on 11/14/2012 9:55:19 AM PST
(Joe Biden: "Look, the Taliban per se is not our enemy.")
So we are headed for a “fiscal cliff” and Obama’s answer is “SPEND MORE”. In what world does that make sense????
posted on 11/14/2012 9:59:25 AM PST
by Personal Responsibility
(In times of universal deceit, telling the truth is a revolutionary act - Orwell)
Triangulation Obama style: He offers Left, I counter-offer right, he demands farther Left than before. I’ve seen this behavior somewhere else, but I can’t put my finger on it...
posted on 11/14/2012 10:01:56 AM PST
by Cyber Liberty
(Obama considers the Third World morally superior to the United States.)
Keep in mind that 1.6T in tax increases over the next 120 months will fund less than 6 months of the fiscal year 2013 budget deficit.
And a loaf of bread is going to cost more than US$15.
There just may be a little thing called a mideast war to deal with soon.
This is all very simple.
Don't raise the debt ceiling in February when we run out of money to borrow.
Instant cap on debt; deficit stops in its tracks. Gov’t forced to live within about $2.4trillion a year in revenues. Done.
Sure, there will be some pain, but as Ed Koch says: They made their choice... now let them suffer.
$1.6 Trillion over 10 years = $160 billion / year. With $16 Trillion in CURRENT debt it would take us 100 years to pay off the debt. Since we will be adding at least $1 trillion every year this will result in us only having $24 Trillion in debt by 2023 (assuming nothing else changes).
It’s just math...
posted on 11/14/2012 10:44:46 AM PST
by Wyatt's Torch
(I can explain it to you. I can't understand it for you.)
Expect to see show trials of executives, seizing of companies, and lots of pain.
posted on 11/14/2012 10:45:40 AM PST
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
To: mojito; ding_dong_daddy_from_dumas; DoughtyOne; Gilbo_3; Impy; stephenjohnbanker; NFHale; ...
RE :”President Obama is taking a tough opening stance in talks over deficit reduction, pushing Republicans to accept a plan that calls for $1.6 trillion in new tax revenue over the next ten years, according to reports.
The figure is double the $800 billion last discussed by the White House and House Speaker Boehner (R-Ohio) during their 2011 negotiations on raising the debt-ceiling limit.”
House Republicans on Wednesday were incredulous at the president's opening bid.
“That is so 2009. It's like he is still in charge of this place,” said Rep. Tim Huelskamp (R-Kan.), referring to the last time Democrats had a majority in the House.
On Tuesday the president met privately with a number of union leaders and liberal activists to discuss his plan. In the meeting Obama reportedly promised to make good on his vow to renew low tax rates for the middle class and let them expire for wealthy households.
GOP lawmakers insist that the White House include entitlement reform and spending cuts as part of any deficit package, but Obama has said he will only compromise if the deal includes higher taxes on the wealthy.
I just assume they do nothing. This just p...es me off. Look, America (swing states and blue states) voted for food stamps over jobs because Obama cares more for the middle class.
If they vote for cake let them eat cake.
posted on 11/14/2012 11:46:12 AM PST
(How long before cry-Bohner caves to O again? They took the House for what?)
There isn’t that much to GET in new revenues. Moron.
Between expiring tax cuts and new taxes going into effect: The US will have the biggest tax hike in history starting Jan 1.
The new taxes haven't even kicked in yet: AND WE'RE ALREADY BEING TOLD IT'S NOT ENOUGH
Think about that while you're job hunting. :)
posted on 11/14/2012 1:39:50 PM PST
(Will there be anything to fight for in 2016?)
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