Skip to comments.Obama: More Tax Increases Possible to Reduce the Deficit
Posted on 01/06/2013 2:03:15 PM PST by lowbridge
President Barack Obama said hes willing to consider more spending cuts to lower the deficit, as long as theyre coupled with more tax reforms.
Using Saturdays weekly address to praise Congress last-minute deal to avert the fiscal cliff, Obama said its just one more step in the larger effort to boost the economy and reduce federal deficits. He said this weeks deal raised taxes on the wealthiest Americans while preventing a middle-class tax hike that could have thrown the country back into recession.
I believe we can find more places to cut spending without shortchanging things like education, job training, research and technology all which are critical to our prosperity in a 21st century economy, Obama said, speaking from Hawaii where he is finishing his holiday vacation with his family. But spending cuts must be balanced with more reforms to our tax code. The wealthiest individuals and the biggest corporations shouldnt be able to take advantage of loopholes and deductions that arent available to most Americans.
(Excerpt) Read more at theblaze.com ...
The wealthy saw their income tax go up 12%, their Social Security tax increase 32%, Medicare tax rise by 24%, and Cap gains rate increase by 20%, and this pig thinks that wasnt enough?
McConnell said on all the AM talk shows that they are done with taxes. Now it’s on to the spending cuts. And he was careful to say spending cuts not entitlement reform.
Obozo wants more ransom from the rest of us to subsidize his lazy people to keep them in their trinkets, drugs, and debauchery.
And everyone saw fica go up 2%. Middle class is paying more, not less.
Everything they've done for the last 4 years they've screwed up.
He isn’t going to pay down debt. He is going to partially fund his agenda and acquire more debt, which he will then use as an excuse for raising taxes even higher.
No it did not go up 2%...It went up over 32%!
Payroll taxes should be deducted from all taxpayer funded benefits like welfare, food stamps, and unemployment. They will eventually benefit from SS and Medicare/Medicaid programs. Let them pay in. Just consider it a 6.2 percent across the board pay cut for free loaders. If I have to tighten my belt they can too.
No spending cuts, though.
Don't forget about increased taxes due to 0bama
caretax. Not only on medical devices but on real estate transfers and stock transfers.
This hits the middle class where they live, Literally!
This is getting so, so obvious. Now, the best way to go about this is to openly mock him. Call him king. Sarcastically point out that oh sure, we will raise taxes on the evil rich to 50, 60, 70 percent, and we really do believe this time, that you will enact entitlement reform sometime in the future. Don’t get angry, just don’t take him seriously, at least in public. Behind the scenes, the GOP needs to wargame the shut down scenario, and the executive power grab over spending authority.
Zero is always trying to provoke conservatives as a way for them to say or do something reflexively without thinking. Point out that zero’s real goal is total spending authority and dictatorship (they can call it kingship)
It's a toss up over who is the most stupid - Obama or those who vote for him.
The constitution states that spending bills must originate in the House. The theory was that the House, reelected every two years and closest to the will of the people, has prime responsibility of how the people’s money is spent. Just don’t understand why the Republican majority does not defund offending agencies and programs.
They like talking about going back to the Clinton days. Let’s go back the spending of the Clintn days.
First the Republicans must take the blame for raising taxes again.
Then he’ll “consider” cutting spending. Indeed, he’ll consider it for about five seconds. Then he’ll say, “Nah,” and return to his golf game.
Gingrich was Speaker during those days. Boehner is no Gingrich.
For a Communist like Obama, he is not satisfied til he takes about 90 percent of everyone’s wealth..for Obama, “Success” is a dirty word
This lust for more and more of the earnings of the the smaller and smaller productive sector is not going to stop until we deal with the parasite class. We have to make people understand that we are not responsible for their bad choices, not responsible for the care and feeding of their broods and not responsible for supporting the countries that they came from. No more welfare. No more foreign aid to countries that undermine us.
“As the plane leveled, Obama told his wife and advisers about his previous trip to a Democratic convention, in 2000. He had booked a last-minute flight from Chicago to Los Angeles, where an airport Hertz car-rental counter denied his credit card.”
The man’s grandparents lived in Hawaii. There’s the mother’s money. I understand he inherited more than most people.
The communist doesn’t care about the details or the truth or the facts - and it shows when he opens his mouth - like what I saw on TV this a.m. - all he cares about is getting more money to redistribute. And the Kardashian POTUS has enough people who agree with him.
This situation could not be more dire.
More spending cuts!?! This lying sack of garbage knows no bounds to his arrogance. His sheeple will swallow anything he says so I guess he has a basis for it.
I gave staring list for our Representatives to defund.
The problem we have is that Congress does its best to save the public from feeling any immediate pain for their spending decisions. There should be automatic tax increases on EVERYONE when spending increases. The delay of the pain we have today makes it too easy for Congress to spend and run. The current method encourages the moonbats to believe in nonsense like Monetary Sovereignty.
You are fixing to find out what is and is not possible butt-face.
A 30% Tax increase cannot pay for 187% overbudget spending.
But then math is not taught in Madressa’s.
We do not have a blood problem Barry, we have a vampire problem.
Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof;
That's makes him an enemy of the Constitution, both foreign and domestic perhaps. But not obeying the law is a crime, a high crime in this case, and thus an impeachable offense.
All of the welfare and other social(ist) programs are a form of ransom that we pay to keep the inner city blacks and hispanics and the white trash in the trailer parks housed, fed and high on drugs. Thus, they will not come out from their holes into the neighborhoods where normal people live and work to wreak their havoc.
And it is a ransom. Stop paying it and think about what happens. They will riot and burn down the rat-holes they live in and start venturing out into civilization in search of an easy meal. This is part of why they want to disarm us.
Thus they will know that they can venture out into (relatively) wealthy suburbia and loot and pillage without fear of getting shot.
Actually it says:
All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.
The fiscal cliff bill just passed, which raised revenues, or at least tax rates, was an amendment to the one the House passed in August, which had no such tax increase. But Boehner and the House RINOS caved and voted for those amendments, rather than holding fast against tax increases as they were elected to do.
I think the TPTB including republican PTB have looked at the situation and went with SNAFU. They have a can kicking road map thanks to Japan which blew up several decades ago.
Again I am rather surprised by the fact that no one mentions that at these rates an increase in taxes causes revenue coming in to the government to GO DOWN...
Here is another recent example:
Now slavery emanates from the White House.
He has been advised that the only way to get rid of the deficit is GROWTH of the economy...yet he takes actions to destroy such growth.
That is the question and the point.
His goal is not the elimination of the deficit...his goal is the collapse of the economy (standard Cloward-Piven).
This is what we must prepare for. This is his goal!
Him being warned and him believing it are two different things. You must remember socialists actually think socialism works. Less money in the private sector and more in the government’s hands means the Keynesian multiplier will magically make the economy grow. That’s his plan.
Obama has been conditioned to believe that the free market system is unfair and unworkable. In his mind, only socialism and social justice will right the wrongs of this unjust Whitey-dominated world.
He has been propagandized so as to completely misunderstand and misinterpret reality.
Amazing that such is even possible with sentient humans...but Obama is proof that it is not only possible, it is even an efficient means of destroying humanity.
Yes...this is an interesting time to be alive. And an important time...so that those of us alive get to fight for freedom and liberty.
Those of us alive at this time will get to participate in the ultimate battle. The battle for the human soul!