and sent hither swarms of Officers
to harass our people and eat out their substance."
Posted on 06/27/2011 1:45:09 PM PDT by quesney
WASHINGTON (AP) — The White House said Monday that a "significant" deal with Republicans on cutting government spending and raising the nation's debt limit is still possible, even as the administration hardened its stance on the need for increased tax revenue to be part of any agreement. President Barack Obama made his first direct foray into the deficit negotiations Monday. He met with Senate Majority Leader Harry Reid in the Oval Office for about 30 minutes Monday morning, and planned to meet with Republican Sen. Mitch McConnell in the early evening. White House spokesman Jay Carney said Obama's meeting with Reid was "constructive" and the president concluded that there are still opportunities for a deal to be reached. But he said the only way to achieve that objective would be to include tax increases or the elimination of tax breaks for big companies and wealthy individuals.
"It's the only way to get it done," Carney said. The White House has proposed raising about $600 billion in new tax revenue, including ending subsidies to oil and gas companies, an idea that failed in the Senate.
(Excerpt) Read more at news.yahoo.com ...
That'll help push our gas prices closer to what they are in Europe as ObaMao demands.
I don’t think the GOP will vote for any new taxes. I think this will probably end with some relatively minor spending cuts and then congress will vote for a debt limit increase to fund spending only until the end of calendar year 2012. Serious entitlement spending reductions won’t happen until a Republican moves into the White House in 2013, because Obama doesn’t want to touch that subject before the election. Negotiations on long-term deficit reduction will soon be postponed until after the 2012 election.
bfl
Bush’s tax cuts went 2/3rds towards the middle class.
Most of the revenue reduction in the tax cuts were due to millions of people getting off the tax rolls.
As a result, we have half of Americans who pay NOTHING in income taxes and the top 10% pay over 80% of income taxes, a ratio higher than its been in many decades.
The Democrat/media lies have whitewashed these facts away. Bush’s middle class tax cut is what it really is, and it only helped ‘the rich’ because it was across the board.
They are spending like wild f@gs running around at a sleeping grandma’s house.
They lie, knowing they cannot keep any promise.
This is basicaly screwing people over, or rape or murder. They will go like that, for the Jews’ gold next and who knows.
That’s 400 to 600 billion more reasons this economy wouldn’t take off under the new plan.
Obama is a child out of his element.
They have a budget they can either accept the Ryan plan or find away to run the goverment on what it actually gets in taxes.
It is not acceptable to ask the American people to cut their budgets more just to make up for the inability of the Federal Government to cut it’s budget.
Anyone who wants to pay more taxes should write a check for however much more they want to the IRS. They have NO right to demand the rest of us pay one penny more!
We need to have tariffs to product our own industry. We had them almost two hundred years, and did pretty well.
But that will not happen. The tax increases will, and Obambi will get another term.
Yeah, and my ass might be in the flight plan of a squadron of monkies.
GOP needs to respond and push back by calling it what it is:
A jobs-killing plan which will result in 3 million Americans losing work
(every $200,000 taken from job creators = 1 lost job, maybe more.)
Your right. Manufacturing is the cornerstone of our Independence.
In this economy!?
What kind of drugs are they on!?!?!?
I am still trying to figure out what kind of mental illness is so pervasive in Nevada to motivate those people to re-elect Harry Reid.
There needs to be a little regulation of the economy. You cant afford to always be so rigid and extreme. With no regulation, just think of what companies like goldman sachs and aig and their ilk would do to the middle and lower classes, as if they havent destroyed them already with their toxic loans and investments. Then they got bailed out, and companies like goldman sachs patted themselves on the back for a job well done and issued 6 billion dollars in bonuses, from those bailouts.
That is what put a massive economic strain on this country in the first place, that is what got the ball rolling. Stop thinking we are all angels because we are not, with the absence of law there will be chaos, and in the absence of economic regulation or oversight atleast people will not be able to get away with the shi.t they have gotten away with. Doesnt help that we have a socialist in government who entered the equation at the same time.
I never said zero regulation. There should be no bailouts. period.
The poster did not say anything about NO regulation
companies like goldman sachs and aig and their ilk would do to the middle and lower classes, as if they havent destroyed them already with their toxic loans and investments.
The toxic loans were 100% the fault of government. Barney Frank said, and I quote, "We want to roll the dice" when confronted A DECADE AGO about the possibility of a housing bubble if they authorized/mandated loans to under-qualified applicants. If government would stop making ridiculous rules, the financial institutions would not be put in the position of making such risky maneuvers. The Left forced them to get away from proper risk management rules and actuarial tables in favor of more feel-good lunacy.
Stop thinking we are all angels because we are not, with the absence of law there will be chaos, and in the absence of economic regulation or oversight
First, nobody said there should be an "absence" of laws. Secondly, no oversight is needed. Make a very few simple, stable, predictable rules, and enforce them equally, and you don't need anything else. We did just fine for 200 years without much regulation and oversight. More often than not, government is the problem, not the solution.... most especially in economics.
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