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Keyword: fiscal

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  • (video)One Nation Under Despotism

    01/03/2013 6:23:24 AM PST · by publius321 · 3 replies
    (video)
  • What happens with the Fiscal Cliff legislation?

    01/02/2013 6:01:58 PM PST · by ProudFossil · 7 replies
    Jan 2, 2012 | Vanity
    What happens to the legislation set up last year to impose the fiscal cliff impact?
  • If only Romney were President...(Vanity - Heard this Lame Accusation Too Many Times)

    01/02/2013 3:45:06 PM PST · by ziravan · 24 replies
    1/2/13 | Me
    I'm getting tired of the "See, and you guys didn't like Romney, so this is what you get" garbage floating around lately. Assume a Romney Administration with the so-called 'fiscal cliff' debate extended into his watch, and this is what you've got: WH: Republican. Congress: Republican. Senate: Democrat or barely Republican and not able to sustain a filibuster. Here is President Romney at his press conference announcing a deal on the 'fiscal cliff', "As you know, Senate Democrat leaders have been intransigent on a budget deal that would avoid the fiscal cliff. In order to protect as many people as...
  • The Day After Republican Surrender: World Financial Markets Celebrate!

    01/02/2013 10:05:51 AM PST · by whitedog57 · 20 replies
    Confounded Interest ^ | 01/02/2012 | Anthony B. Sanders
    Last night, the Republican-held House of Representatives voted for the dreadful Senate bill laughingly called “The American Taxpayer Relief Act of 2012.” How is adding $4 trillion in Federal budget deficits over 10 years called “relief?” SOMEONE has to pay for the out-of-control spending. And that someone is taxpayers. american.taxpayer.relief.act Here is CNBC’s Rick Santelli’s take. The reaction? Fiscally-blighted European countries Portugal, Italy, Greece and Spain (PIGs) all saw sharp reductions in their sovereign bond yields. The US 10 year sovereign yield rose 7.1 basis points as of 12:35p EST. The Dow Jones Industrial Average rose 224.60 points (or 1.71%)...
  • Obama goes back on vacation without signing cliff bill

    01/02/2013 9:11:22 AM PST · by ConservativeMan55 · 27 replies
    After spending months telling Americans that the fiscal cliff deal was the most important thing facing their nation, Barack Obama has gone back to his vacation. Within a few hours of the bill's passage last night, he was enjoying the comforts of Air Force One, en route to Hawaii. Heaven forbid he’s forced to sacrifice any more of his multi-million dollar getaway.
  • TEA Party to GOP Squish-Bags: It's Boehner/McConnell or Us Now

    01/02/2013 5:57:02 AM PST · by Reaganite Republican · 48 replies
    Reaganite Republican ^ | 02 January 2013 | Reaganite Republican
    Bachmann, West, Marco Rubio, Tim Scott,even Eric Cantor stand their ground while  Paul Ryan deeply disappoints conservatives Surely I'm not the only one who will be quitting the Republican Party -and I mean next week- if they keep spineless RINO nothing John Boehner (and even worse traitor Mitch McConnell) in a position of power, not now that they've kowtowed to the vile Obammunist regime yet again and ditched whatever speck of principle they ever had with an utterly appalling 41-1 tax increase/spending cuts ratio that can't spun any other way than complete and utter capitulation. What's the point of sticking with a party where even Paul Ryan...
  • Pete Sessions only Republican in North Texas to vote for Fiscal Cliff bill

    01/01/2013 9:10:33 PM PST · by Arec Barrwin · 22 replies
    NY Slimes ^ | January 1, 2013 | Arec Barrwin
    Pete Sessions makes me sick - he's voted RINO every single time. I'll be supporting his opponent next time or not voting for him.
  • Any Dems with a Conscience in Congress?

    01/01/2013 4:30:50 PM PST · by originalbuckeye · 28 replies
    1/1/13 | originalbuckeye
    Are there any elected Democrats who will put the survival of their country ahead of their Party? Are there any elected Democrats who care about the excessive spending their Party demands? Are there any elected Democrats who will defy their 'leaders' and put future generations ahead of the immature Socialists who have control of this country? $41 dollars of tax hikes for each $1 in spending cuts??? And they aren't spending cuts anyway??? This will put the final nail in the coffin of the once revered American Dream.
  • Urgent Message to the GOP in the House of Representatives..

    01/01/2013 4:15:16 PM PST · by Obama_Is_Sabotaging_America · 34 replies
    Obama_Is_Sabotating_America ^ | January 01, 2013 | Obama_Is_Sabotating_America
    DON'T DO IT. To Boehner, McConnell, Cantor, and all other Republicans in the House, under NO circumstances shall you betray your country, party and our Constitution by feeding into the Socialists' (masquerading as Democrats) continued assault on the American economy. You MUST realize by now that the mission of the Obama regime is to force the United States into a debt we will NEVER recover from.. His 'Cloward & Piven' strategy of dispensing entitlements like candy and spending relentlessly without any regard to cutting spending for the purpose of CRASHING OUR REPUBLIC FOR REPLACEMENT WITH HIS NATIONAL SOCIALIST UTOPIA is...
  • Not an Awful Deal (if you like Marxism)

    01/01/2013 1:21:26 PM PST · by indianrightwinger · 28 replies
    American Spectator ^ | Quin Hillyer
    Not an Awful Deal By QUIN HILLYER on 1.1.13 @ 10:16AM After about an hour of studying last night’s budget deal, I find it right on the borderline between (A) awful-tasting medicine we still need to take for our health and (B) a cure that is worse than the disease. But careful, careful attention pushes the calculation every-so-slightly toward the former. This isn’t even a 51-49 proposition, but only a 50.1-49.9 proposition. Still, here’s why the option of a “yes” vote for House Republicans — notwithstanding my warnings yesterday that “no deal” is better than a bad deal — is...
  • Fiscal Cliff Definition: What is This Wacky New Word and Where Did it Come From?

    01/01/2013 12:59:17 PM PST · by Libloather · 7 replies
    Policymic ^ | 12/01/12 | Michael McCutcheon
    **SNIP** “Under current law, on January 2, 2013, there’s going to be a massive fiscal cliff of large spending cuts and tax increases,” said Bernanke, in testimony to the House Financial Services Committee on February 29, 2012. **SNIP** What’s likely, is that as members on the Hill grew concerned with the stalemate over the automatic spending cuts and tax increases, the communications apparatus went to work and settled on “fiscal cliff,” members started using, Bernanke used it, and suddenly it explodes in the media and becomes codified as short hand for a complex issue. There you go. From early films...
  • Say Yes to the Mess

    01/01/2013 10:45:19 AM PST · by indianrightwinger · 18 replies
    The Weekly Standard ^ | Bill Kristol
    Say Yes to the Mess 12:15 PM, JAN 1, 2013 • BY WILLIAM KRISTOL The fiscal cliff deal that the Senate passed early this morning is ridiculous in too many ways to count. There seem to be no figures from the Congressional Budget Office and only "very preliminary" figures from the Joint Tax Committee about the real spending and revenue implications. The two month delay of the sequester will make actual governance even more difficult (how is the Pentagon supposed to plan for the rest of the year?). The sequester delay is funded by a gimmick with retirement savings tax...
  • "Fiscal cliff" deal reached between White House, lawmakers: source

    12/31/2012 7:03:38 PM PST · by Nachum · 60 replies
    reuters ^ | 12/31/12 | reuters
    (Reuters) - The White House and congressional lawmakers have reached a deal to avoid the "fiscal cliff" that would delay harsh spending cuts by two months, Obama administration officials said on Monday. President Barack Obama called Democratic Senate Majority Leader Harry Reid and House of Representatives Minority Leader Nancy Pelosi, who both signed off on the deal, one source said. The agreement includes a balance of spending cuts and revenue increases to pay for the delay in the automatic spending cuts that would go into effect without a deal by lawmakers.
  • OBAMA SCUTTLES 'FISCAL CLIFF' DEAL?

    12/31/2012 12:08:16 PM PST · by cruise_missile · 62 replies
    Breitbart TV ^ | December 31, 2012 | Mike Flynn
    This afternoon, in one of the more bizarre appearances of his presidency, Barack Obama gave a televised address to a room full of supporters on the "fiscal cliff." He broke no news, but mocked Congress, and hinted at future tax hikes. Observers worried that he may have deliberately scuttled a potential agreement. Even though he has come off his last campaign for political office, President Obama acted like a candidate on the campaign trail--one prepared to use whatever political capital he had accumulated to take shots at the opposition in Congress at the very moment leaders from both sides are...
  • Let’s Make a Deal! (Raise Taxes on $450k and Above, Kick the Can Down the Road)

    12/31/2012 11:10:16 AM PST · by whitedog57 · 16 replies
    Confounded Interest ^ | 12/31/2012 | Anthony B. Sanders
    Dec. 31 (Bloomberg) –The White House and congressional negotiators have agreed to contours of a deal to avert the fiscal cliff including tax cut extensions, with the remaining sticking point being how to handle automatic military and domestic cuts, according to an official familiar with the talks. Income tax cuts would be extended on families earning up to $450,000, the official said, with rates rising to 39.6 percent on incomes above that. Rates on estate taxes would rise to 40 percent, on amounts above $5 million. Extensions of business tax breaks would continue through the end of 2013. There would...
  • Wind credit proponents prepare for 'fiscal-cliff' agreement without extension

    12/30/2012 7:28:56 AM PST · by Libloather · 4 replies
    The Hill ^ | 12/29/12 | Zack Colman
    An energy security group told The Hill on Friday that it does not expect the one-year wind credit extension it has supported to make it into a “fiscal cliff” deal. The Truman National Security Project's Operation Free campaign is preparing to fight for a retroactive extension to the credit next Congress. Michael Wu, the group’s advocacy policy director, said the extension would likely be left out of a short-term agreement to avoid automatic spending cuts and tax increases set to take effect Jan. 1. “Everything in a stopgap package would be geared toward keeping taxes from jumping on the middle...
  • Democrats prepare tax-cut bills in case nation goes over 'fiscal cliff'

    12/30/2012 7:09:34 AM PST · by Libloather · 27 replies
    The Hill ^ | 12/29/12 | Peter Schroeder
    Leading Democrats are putting together fallback proposals if Washington fails to reach a deal on the “fiscal cliff” that would allow the party to cast itself as seeking to cut taxes. “Of course, I’ve got a backup plan in the event that we don’t succeed here,” Sen. Max Baucus (D-Mont.), chairman of the Senate Finance Committee, said Friday. “I’m sure the White House has one too.” Tax rates are set to expire on most households in January if Congress does not act to extend some of the rates, something some Democrats have long seen as giving their party an advantage....
  • The Fiscal Cliff and Housing: The Good, The Bad and The Ugly

    12/28/2012 9:52:51 AM PST · by whitedog57 · 6 replies
    Confounded Interest ^ | 12/28/2012 | Anthony B. Sanders
    President Obama has summoned Congressional leaders to the White House to discuss avoiding the “fiscal cliff.” The fiscal cliff contains three elements: 1) automatic spending cuts (good), 2) expiration of Bush-era tax cuts (bad) and 3) Obamacare tax implementation (ugly). First, automatic spending cuts in fiscal 2013 would cause federal spending would fall an estimated $65 billion. For perspective, the Federal government’s budget deficit ending in September 2012 was $1.09 trillion. This means that the dreaded automatic spending cuts will amount to a paltry 6% of the 2012 budget deficit. Second, taxes will be going up in 2013 by an...
  • Santelli: If the Fiscal Abyss Is THAT Important, Why is The President on Christmas Vacation?

    12/24/2012 10:28:57 AM PST · by whitedog57 · 17 replies
    Confounded Interest ^ | 12/24/2012 | Anthony B. Sanders
    One of my favorite commentators on television is CNBC’s Rick Santelli. And today, he made a great point: when the Senate wanted to pass Obamacare, they met on Christmas eve, 2009. Somehow, the fiscal cliff isn’t that important to the Senate or House this time around. We know that President Obama is perfectly happy to let tax rates automatically increase on everyone (or at least those households earning $250,000 has above). And payroll taxes rise 2% regardless of the fiscal cliff or not. Then there are the 10+ Obamacare taxe, mostly hitting the top 2% of earners. But President Obama...
  • Obama, Boehner, The Mayan Calendar and The Fiscal Abyss: Evidence From The Market

    12/21/2012 9:49:37 AM PST · by whitedog57 · 2 replies
    Confounded Interest ^ | 12/21/2012 | Anthony B. Sanders
    I wasn’t at all surprised by the news that House Speaker Boehner (R-OH) pulled “Plan B From Outer Space” from the floor and threw the ball back into President Obama’s and Senate Majority Leader Reid’s (D-NV) court. They will likely agree to some of sequestration. And if Republicans don’t go along with it, it’s into the abyss we go! The reaction to Speaker Boehner’s failure to pass Plan B in the House? As of noon today, stock market indices are down. Gold is up! And the 10 year Treasury rate is down. And with all the talk about tax increases,...