No doubt. republicans = democrats.You could easily reverse that. Obama said, "Here's my plan" and Republicans said, "Taxes? NOOO!!!!!!"
The Republicans plan has spending cuts, mostly on things that Democrats favor. I'm pretty sure if the Dems came up with a plan to reduce savings that only cut defense spending, and then raised taxes on individuals and businesses, Republicans would rightly skewer them.
fifyYou could easily reverse that. Obama said, "Here's my plan" and Republicans said, "Taxes? NOOO!!!!!!"
The Republicans plan has spending cuts, mostly on things that Democrats favor and Republicans favor when Republicans are in the white house. I'm pretty sure if the Dems came up with a plan to reduce savings that only cut defense spending, and then raised taxes on individuals and businesses, Republicans would rightly skewer them.
It doesn't matter which way they do it. They're poltiicians. We elect them to make hard decisions. It's time for both sides to show some testicular for ude, face their responsibility, and make a deal.
WH still lost in idealist's cloud-cuckoo land.
I didn't say they would do it. Just they need to.
come on, you know they won't.
The current batch of "swearing" Repug VRWC-proxy extremists don't "need to" do anything except up govt to the max.
They'll be happy to make the 'hard decision' to enable another government power to make the hard decision. smh.
Wall Street starts to lose its debt ceiling cool
Adding to the market woes were indications that, after months of shrugging off the debate over the U.S. debt ceiling, investors are getting edgy over Washington inaction ahead of an Aug. 2 deadline.... financial markets are showing classic signs of contagion: Investors, worried about troubles in one place, sell in another, creating a downward spiral that feeds on itself.
At Bloomberg, William Cohan captures the tension in another flashback-inducing snapshot:
Indeed, investors' manic desire for safety last week reached levels not seen since the most acute days of the financial crisis in September and October 2008. Ironically, though, given the pathetic display in Washington and the country's ongoing fiscal troubles, people turned in droves to the perceived security of the U.S. Treasury market, even though it has never looked shakier.
That's worth repeating. Investors, terrified of European instability, are pouring their cash into U.S. Treasuries, even as the U.S. government is doing all it can to undermine the integrity of its own finances.
http://www.salon.com/technology/how_...ool/index.html
In didn't know there was $9T to be found in climate change legislation. But if there is, I say do it!
Punting to the president isn't a hard decision -- it's cowardice.
130 Republicans Who Are In Congress Today Voted To Hike The Debt Ceiling Under Bush Without Hostage Threats
MR. FLEISCHER: The Senate passed, 68-29, a clean increase in the debt limit. The President praises the Senate’s action. The debt limit is a very important issue. This is not the time to play any — this is not the time to engage in any activities that could in any way raise questions about the full faith and credit of the United States. And the President urges the House to follow the Senate’s action on this matter.
http://thinkprogress.org/economy/201...ns-voted-debt/
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7 raises under dubya
18 raises under St Ronnie
under Barry? P A N I C ! ! !
Gang Of Six Plan Reduces Social Security Benefits By $1,300 A Year, Cuts Corporate Tax Rates
the proposal will actually be scored as a $1.5 trillion tax cut under current law (with the Bush tax cuts set to expire in 2012)
Yesterday, President Obama all but endorsed the deficit reduction plan outlined by the Gang of Six senators. The plan still faces numerous obstacles — it’s incredibly vague on the details, has critics on both sides of the aisle, and may not even be ready by the Aug. 2 default deadline. Liberal Democrats have pointed out the plan is far from a balanced approach, asking seniors and the working poor to bear the brunt of the pain without asking the wealthy or corporations to sacrifice at all.
Two members of the Gang of Six, Senators Saxby Chambliss (R-GA) and Kent Conrad (D-ND) were positively crowing about the conservative bona fides of their plan yesterday on MSNBC. Because the proposal will actually be scored as a $1.5 trillion tax cut under current law (with the Bush tax cuts set to expire in 2012), they are confident that House Republicans, who have vowed never to vote for a tax increase, will go for it.
Watch it:
The Congressional Budget Office will score the plan as a $1.5 trillion tax cut, as it lowers the corporate tax rate from 35 percent to between 23 and 29 percent, eliminates the alternative minimum tax, and lowers personal income tax rates. But by closing loopholes, the Gang of Six says they’ll raise $1.3 trillion in revenue.
http://thinkprogress.org/economy/201...ate-tax-rates/
The 1.3 trillion dollar question is what deductions they will kill. Mortgage interest? State Income tax? Individual and child deductions? They aren't gonna get that kind of jack from taxing corporate jets and closing "loopholes".
Details would be nice.
cutting Soc Sec payout? figures.
financial sector, capitalists will be untouched, will be enriched, while the old, sick, poor, young, disabled will all pay for the Banksters' Great Depression, for the Repugs' tax cuts, and the Repug botched/bogus wars of choice.
Anger at government highest in 19 years: poll
Dissatisfaction and anger with the federal government are at a nearly 20-year high, according to the results of a new ABC News/Washington Post poll released Wednesday.
When asked how they felt about the federal government, 80 percent of poll respondents said that they felt dissatisfied or even angry about the work the government is doing. The last time such a peak of ill will was felt was during 1992's economic slump, under President George Bush's leadership.
The public's slumping opinion of the country's political class can be actively attributed to the negotiations surrounding the debt ceiling: The dissatisfaction numbers rocketed up 11 points between this month and last.
Indeed, congressional Republicans are facing the fire of poor public opinion. The ABC News/Washington Post poll shows a 28 percent approval rating for them, with 77 percent of participants saying the Republican leadership is unwilling to negotiate, further slowing debt talks.
A CBS poll released earlier this week is even darker for the Republicans — they garnered only a 21 percent approval rating in that poll.
http://www.rawstory.com/rs/2011/07/2...e+Raw+Story%29
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It looks like at least some Human-Americans are paying attention and hearing/observing correctly that the Repubs are obstructionists/extortionists here, and will be the big losers in a default.
Nonsense. It's well known that evil corporations and the rich get 100% of all tax breaks and not one of them pays so much as a penny in taxes. It's time for shared sacrifice (i.e. raising someone else's taxes and cutting someone else's benefits).
That pretty much nails the conservative agenda.
Soc Sec is easy to fix,not that it's immediately broken.
Just remove the cap of $106K, et voila, c'est fait.
-$1300/year over 15 years = $19,500. I'm sure plenty of senior will be missing that $100/month and splitting more pills, and not taking their meds, eating more beans.
This Is America, The Greatest Country In The Universe.
I haven't kept up with the ideas floating around for SS, but keep in mind two things. See where the "grandfathering" lies at with new legislative ideas, and remember it isn't meant to secure a good living. It is meant to keep people food and housed who didn't or couldn't save for themselves.
I'm curious. How much money do you think removing the cap will add? It's really not going to get the evil rich like you want, because most already don't pay into a normal tax system like the rest of us. What about government employees who don't pay into it? There are exclusions to the SS system you know.
Ever see the math?
If people pay more into a retirement system, are you then advocating they get more out, or is it another Marxist idea you have?
will the mercurial President sign the deal or kill it?
https://www.bloomberg.com/news/artic...or-budget-dealCongress and the White House are on the brink of an agreement that would raise the debt limit until July 31, 2021 and increase government spending for two years, according to people briefed on the discussions.
The deal that is in the final stages of negotiation would offset about $75 billion of the spending increase, giving the Trump administration and Republicans about half of the savings they sought, the people said.
Conservative budget math for the President supervising a $1 trillion debt: raise spending by $350 billion, offset ~$75 billion
Pretty irresponsible by both parties.
Trump blew a gaping hole in US revenues with the tax cut, but yeah, both sides.
"Trump officials have been pushing to offset that spending increase for the military and domestic agency budgets with
savings in en lement programs like Medicare and Medicaidduh, of courseTrump in the past has decided last minute to scuttle other deals negotiated on behalf of his administration.
https://www.bloomberg.com/news/articles/2019-07-22/crunch-week-for-debt-limit-leaves-little-time-for-budget-deal
yes, citizens pay for Medicare / Medicaid so they are en led to get it.Note the anti-American, unpatriotic Capitalists PAY NOTHING from the Capital gains for the social costs, and they greatly reduced taxes on Capital gains that they don't hide.
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