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Huffington Reports That Obama will sign off on Bush Tax Cuts! [ObamaBot heads explode]
Huffington Poat ^ | Nov 10, 2010

Posted on 11/11/2010 12:39:23 AM PST by tallyhoe

Huffington Post is reporting that President Obama will accept across the board Bush tax cuts and will sign the bill when passed!

(Excerpt) Read more at huffingtonpost.com ...


TOPICS: Breaking News; Business/Economy; Government; News/Current Events
KEYWORDS: conjob
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To: VADoc1980
We're in total agreement that government needs to balance its checkbook, just like households do.

How do you do that? Already the Republican Majority have proposed rolling the budget back to 2008 levels, that's excellent and doable. It also kills most of Obama's agenda.

Next, cut taxes, reduce regulation, eliminate the most absurd tariffs (eg sugar) and create real free trade agreements country by country - put money in people's pockets and confidence in future ventures. That creates growth and growth in jobs.

Limit future budgets to population growth plus inflation and the deficit disappears and the debt gets reduced over a thirty year period ala this example: How to Solve the Deficit with No Pain

Now that's the wise way to do it. Why? You cannot be maligned for not caring - the deficit comes down gently and becomes a surplus which then reduces the debt.

You also encourage growth which further reduces the debt and creates jobs. You become the party that cares enough and gave us fiscal responsibility, jobs and growth.

Which then gets you re-elected to majorities in Congress for forty years during which time you return America to her Constitutional roots.

We need time over which to do that. We cannot afford to have power whipsaw between liberty and slavery every few years. That's a war of attrition and we'll lose.

What do you think of all that?

121 posted on 11/11/2010 12:22:59 PM PST by 1010RD (First Do No Harm)
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To: 1010RD
I think the Bush tax cuts should be extended to prevent the economic situation from worsening, but I don't think we should cut any more taxes until we get spending under control. Would it really be so bad to leave taxes at the Bush levels and then focus on cutting spending so that we can shrink our deficits? I know the arguments from supply side economics about decreasing taxes to increase revenue, and I agree with them to some extent. There's a point on the Laffer curve, however, where cutting taxes actually decreases revenue. I think we're at that point right now with a top marginal tax rate of 35%. Thus, they should stay where they are for right now.

I agree we need to reduce regulation across the board. That's preferable to reducing taxes beyond the Bush cuts at this time because it doesn't cost any money -- in fact, it saves money, and it's far more likely to get private money off the sidelines and into the market than another marginal rate cut. I agree tariffs should be eliminated eventually - right now considering our financial situation, I'd settle for reducing them by 20%.

I agree that we need to limit the growth of federal spending in future years. I'd like to cut 80% of federal agencies, but that's never going to happen. I'd love to settle for a constitutional amendment that does exactly what you says -- limits federal spending increases to inflation + population growth. I'd put an exemption in the amendment so that if the President thinks we need to declare war on a country (and thus boost defense spending), that Congress passing a declaration of war will suspend the amendment for the war's duration and allow DEFENSE-RELATED spending to rise at a rate that Congress sees fit, but non-defense related spending should never be allowed to increase beyond the scope of that provided for it in the amendment.

I also think that you need to exempt my colleagues and me from the reversion to 2008 levels of spending. That would be roughly a 20% pay cut for me and I'm already underpaid by at least 50k compared to what someone in my specialty makes in the private sector. You'd have lots of doctors quitting the VA if that happened.

122 posted on 11/11/2010 12:35:45 PM PST by VADoc1980
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To: bruinbirdman

“They don’t pay income or property taxes, they get refundable credits.”

Some on the left are quite rich. There’s Hollywood and there are all these rabidly secular techies who support govt funding of green jobs and embryonic stem cell research.


123 posted on 11/11/2010 2:13:29 PM PST by ari-freedom (Islam is at war against America, while America is at the mall.)
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To: dools0007world

“IMHO, this is too little too late. This latest Bernaki scheme will do far more damage than than extending the tax cuts will remedy.”

That’s why Palin’s latest posts are so important. To most Republicans, tax cuts are the solution to every problem and ignore the Fed.


124 posted on 11/11/2010 2:24:17 PM PST by ari-freedom (Islam is at war against America, while America is at the mall.)
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To: tallyhoe

And yet they still want to raise the debt level to 21% of the GDP. It’s not really tax cuts.


125 posted on 11/11/2010 3:36:08 PM PST by Force of Truth (You don't have to be smart or be good even. If you want my vote, you just have to be CHEAP.)
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To: Doogle

Exactly. It’s all smoke and mirrors.


126 posted on 11/11/2010 3:38:12 PM PST by Force of Truth (You don't have to be smart or be good even. If you want my vote, you just have to be CHEAP.)
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To: stocksthatgoup
Thanks for the link; it's entertaining to watch the useful idiot Democrats rant and rave. They make it clear that they don't understand a single thing about economics.

In their place I wouldn't be too worried yet; a senior advisor "suggesting" that the president might do thus-and-such is a long way from the president actually doing anything. I think that if Obama does cave in on this, it will be to provide cover for the executive orders through which he's going to start implementing the agenda he won't be able to pass through congress.

127 posted on 11/11/2010 3:41:41 PM PST by American Quilter (Support FreeRepublic and donate!)
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...
Partisan media shills and other liars: Two more reasons Demwits can't balance the budget:
128 posted on 11/11/2010 4:25:16 PM PST by SunkenCiv (Sometimes I think of myself as the master of juxtaposition.)
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Thanks tallyhoe. c'mon, gimme the punchline:
129 posted on 11/11/2010 4:26:10 PM PST by SunkenCiv (Sometimes I think of myself as the master of juxtaposition.)
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just a sample from the FRchives:
130 posted on 11/11/2010 4:27:08 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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131 posted on 11/11/2010 4:33:05 PM PST by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: tallyhoe
Hey Obama, all RINOs, all socialist and marxist wannabes...CAN YOU HEAR US NOW?


AMERICA AWOKE IN 2009 AND A TSUNAMI SWEPT THE LAND IN 2010

132 posted on 11/11/2010 8:37:24 PM PST by Jeff Head (Liberty is not free. Never has been, never will be. (www.dragonsfuryseries.com))
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To: Jeff Head

Nice pictures!


133 posted on 11/11/2010 9:37:12 PM PST by tallyhoe
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To: Force of Truth

Democrats do! So they can spend more and more!


134 posted on 11/11/2010 9:41:32 PM PST by tallyhoe
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To: tallyhoe

So let me get this straight. We are in the current economic mess because idiot Bush cut taxes on the wealthiest Americans. Now, the messiah is going to extend those tax cuts. If the tax cuts on the wealthy were truly the bad economic move that Obama claims they were, wouldn’t he just allow them to expire. The republican house could vote to extend them, but Obama could just veto the legislation. Doing nothing allows them to expire automatically. I just don’t get it. If Obama is convinced that the Bush tax cuts were so bad for the national economy, just let them expire! Why compromise on the one thing that destroyed the economy?


135 posted on 11/11/2010 9:42:29 PM PST by fhayek
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To: fhayek

Here is what I believe! Obama has a history of ducking votes when his party does not have the upper hand! He needs cover for his votes or he needs to blame somebody when he goes out on a limb which is not often! So his party is in the minority and he doesn’t have some one to blame if they expire so hence he will sign on to the cuts for every one!


136 posted on 11/12/2010 12:28:32 AM PST by tallyhoe
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To: tallyhoe

“...and will sign the bill when passed.”

Lying weasel. In the mean time, the cuts will expire, and the Dems will obstruct.


137 posted on 11/12/2010 1:21:41 AM PST by Eleutheria5 ( They cry "Piece, piece." And there is no peace.)
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To: Eleutheria5
Lying weasel. In the mean time, the cuts will expire, and the Dems will obstruct.

Exactly.

Every few weeks, some stupid story appears in Time or the Huffington Post that the Democrats are secretly working on some sort of way to prevent the massive tax hikes that begin in January.

But no legislation is ever written or filed. This is all shuck-and-jive by the Democrats. They have no intention of stopping these tax hikes. No Democrat ever wants stop any tax hikes.

Democrats live to tax and spend, and they are slavering over the rapidly approaching tax hikes. Vast new revenues to the Treasury are manna to the Democrats.

138 posted on 11/12/2010 1:31:34 AM PST by snowsislander (Chicago-style politics at a national level is a national disgrace.)
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To: snowsislander

The “vast new revenues” will be short-lived. The vast new control over the economy, however, will last as long as the predictable demagoguery over the new Congress’ efforts to reinstate the then-expired expired cuts.


139 posted on 11/12/2010 1:34:39 AM PST by Eleutheria5 ( They cry "Piece, piece." And there is no peace.)
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To: Eleutheria5

I hope not! If so we need to hit the streets!


140 posted on 11/12/2010 11:07:29 AM PST by tallyhoe
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