Posted on 12/09/2012 1:17:09 PM PST by Orange1998
Republican Sen. Tom Coburn (R-Okla.) told me Sunday on ABC News' "This Week" that he is willing to accept tax rate increases as a component of a fiscal cliff deal, as long as Democrats put "significant entitlement reform" on the table.
"What we ought to be working on is the other 93 percent, because even if you do what [Obama] wants to do on tax rates, you only affect 7 percent of the deficit," Coburn said. "What we have done is spend ourselves into a hole, and we're not going to raise taxes and borrow money and get out of it."
"And so will I accept a tax increase as a part of a deal to actually solve our problems? Yes," he said.
But his Republican colleague in the House, Rep. Jeb Hensarling (R-Texas), disagreed.
He said that Republicans shouldn't vote for a tax increase which they believe will harm the economy.
"No Republican wants to vote for a rate tax increase," Hensarling said. "I mean, what that is going to do, according to the National Federation of Independent Business that commissioned a study by Ernst & Young, is cost 700,000 Americans to go from having paychecks to unemployment checks."
Hensarling said that President Obama pulled a "bait and switch" on Congressional Republicans by adding a demand for tax rate increases after the election. In 2011 Obama had suggested that $1.2 trillion could be raised by closing loopholes and pursuing tax reform alone, without raising rates.
"The president, again … if he would do what he said before the election, as opposed to the bait-and-switch, what Republicans feel like is a little bit like Charlie Brown running to kick the football and Lucy pulls it away," Hensarling said.
(Excerpt) Read more at news.yahoo.com ...
Just because people have to pay some fee doesn't mean it isn't welfare, most people will be paying some portion of their premiums in the ObamaCare exchanges.
In two years you will be posting here telling me to stop attacking the ObamaCare subsidies in the Exchanges because people are paying some fraction of the cost out of pocket.
“You don’t think that tax increases will get us entitlement reform? You don’t believe that, do you?
Please tell me you don’t believe that.”
Don’t worry - I’m with you. Tax increases won’t do jack for entitlement reform, unless the reform is done first and signed off into law BEFORE the tax increases (and fat chance for that).
No, I’ve given up on entitlement reform because half of the older people, ON THIS SITE, are HELL-BENT on collecting what they see as “their money” and could care less what kind of debt that leaves my kids with. So, if half of people on the most conservative large-scale site in this country want THEIR MONEY without reservation, there absolutely NO WAY that entitlements could ever be reformed.
So I’m beyond that. Now I just want to find a way to pay them the money that THEY DEMAND real-time, instead of dumping it on my kids. My kids don’t deserve this treatment - they are just now getting old enough to vote - this mess was not due to them - so I don’t want them stuck with these debts.
So, I simply want US ALL to pay our bills TODAY, instead of borrowing trillions more. But yes, reform of entitlements is TOTALLY HOPELESS - the only hope for my kids is that they don’t keep getting debt stuck on their necks.
But you LIKE IT that old people were suckered into thinking they were paying into a retirement fund and are being asked to just do without it and can't do jack about it.
That's why the country is screwed. You had to pay for welfare, so you want welfare too. The cycle will never end, they'll just keep inflating the currency (with all the harm it does to the real economy and the savings of those who live within their means) and buying the votes.
It's not a matter of 'their children can have that money', it's that we don't want higher and higher taxes for ourselves and our children to continue this naked ponzi. I want my kids to have THEIR money, not be forced by the federal government to give it to you (on top of the debt they'll be left regardless to finance into perpetuity).
That's why the country is screwed. You had to pay for welfare, so you want welfare too. The cycle will never end, they'll just keep inflating the currency (with all the harm it does to the real economy and the savings of those who live within their means) and buying the votes.
It's not a matter of 'their children can have that money', it's that we don't want higher and higher taxes for ourselves and our children to continue this naked ponzi. I want my kids to have THEIR money, not be forced by the federal government to give it to you (on top of the debt they'll be left regardless to finance into perpetuity).
That's even dumber than your other comments.
The Philippines
Didn’t think it possible, but I’ve come to despise Republicans as much, or more than Democrats.
Really, your the one defending LBJ policy.
I’m not defending any policy I am addressing the reality of cutting those benefits. When all you have are straw men arguments and ad-hominems it means you have nothing of substance or simply have no interest in discussing the substance.
“But you LIKE IT that old people were suckered into thinking they were paying into a retirement fund and are being asked to just do without it and can’t do jack about it. “
They KNEW FULL WELL that their money was being spent as it came in, and then some. I can even remember, DECADES AGO, when I started working - everyone in my age group was saying that the money would not be there for them when they retired.
It was NO SECRET, everyone knew the money was being spent as it came in. But all I’m asking for now is that we tax ourselves to meet those obligations, so that your generation can have its Winnebagos, just like the prior generation - I just don’t want the debt. I’ve already given up on you guys (can’t you tell), I just worry about my kids...because that means something, at least TO ME. The
For HEAVEN’S SAKE, they have $16 Trillion of debt on their backs TODAY - the least you guys can do, if you really want the money that bad, is agree to increase taxes enough to cover it.
You want everyone else to pay for your mom. Why don't you? She's your mom. Why are you fobbing her off on the public dole?
They report that "A male reaching 65 years of age today (in 2000, the year of their study) can expect to receive $71,000 more in government 'transfer' benefits (of all kinds at both the federal and state levels, but mainly from Social Security and Medicare) than he will pay in taxes (of all kinds at both the federal and state levels) before he dies. A 65-year-old female can expect a net gain of more than twice that amount; she can expect $163,000 more in benefits than she will pay in taxes." - Walter Williams
You're welcome.
IOWs you are one of the "they." Funny how you like to disassociate yourself from 'them.'
... so that your generation can have its Winnebagos, just like the prior generation - I just don’t want the debt.
I don't want the debt either. I'm not living in any Winnebago. Assuming SS is still going nine years from now and I get my $65 dollars a month I won't be living in one then.
“I think your post helps explain why the tea party movement was not as prominent in this year’s election. Many, many seniors took to the streets to vocally oppose Obamacare, but they fully support Social Security and Medicare. “
...and most of them do this because they don’t want “to be a burden” to their children. That’s all good and fine, but when they don’t have the money in the bank, they become a burden to MY CHILDREN, instead - and I don’t like that.
I am her full time care taker. We both live on her $16k 'public dole.' I should take your advice and leave her and get a job. For $10 per hour. Hire a full time care taker for her and pay my own expenses. Or put her in a nursing home for $6k per month. I was never good at math so I didn't see before how easy this would be.
So the GOP position that such a tax increase would cause the loss of 700,000 jobs and affect small business was all a lie? How can Coburn accept such a deal?
Great news! everyone send their tax bills to Sen. Tom Coburn.
He’s willing to accept it.
The news story made it sound like he and his wife had sold jewelry, family heirlooms, etc to come up with the money. The sellers told him to pick up the puppies at the ATL Airport Kennel.
Do I feel sorry for him? Yeah, but do I think he should be able to pass on the price of his....whatever, to my kids?
What do you think?
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