Posted on 09/18/2011 9:08:22 PM PDT by mylife
WASHINGTON (AP) -- Drawing a bright line with congressional Republicans, President Barack Obama is proposing $1.5 trillion in new tax revenue as part of his long-term deficit reduction plan, according to senior administration officials.
The president on Monday will announce a proposal that includes repeal of Bush-era tax cuts for the wealthiest taxpayers, nearly $250 billion in reductions in Medicare spending, $330 billion in cuts in other mandatory benefit programs, and savings of $1 trillion from the withdrawal of troops from Iraq and Afghanistan, the officials said.
The plan includes no changes in Social Security and does not include an increase in the Medicare eligibility age, which the president had considered this summer.
(Excerpt) Read more at finance.yahoo.com ...
This is the THIRD time he's used the money "saved" from these wars. It's already been spent twice before! Obomacare and the stimulus. How many times is he going to rehash this crap? What's he going to do, take a pair of scissors and cut the dollars into thirds?
As long as the government doesn't touch the freeloader handouts, I'm fine with that. The lazy shouldn't have to sacrifice anything. They're entitled. (/s)
Obama, rebuked by latest elections, is going all in on tax and spend.
Not quite. He proposed the 447 Billion in spending last week. This week he proposed raising taxes. That being the case, he’s going all in on “spend and tax” not “tax and spend”. It’s quite a different mindset.
Tax and spend - the old lib dem model - was fighting for the funding first and then spending. That caused many problems for their agenda because that nasty reality of “we don’t have the money to spend” could actually slow them from pushing forward.
Spend and tax - the new Lib dem model - is “Lets enact things into law and then claim taxes have to be raised to pay for them. If we get pushback, we will play class warfare with the people until we get them so agitated they agree that taxes on “the rich” should be raised to pay for the benefits.”
The old way was bad. This new mindset is much worse.
I still can’t believe that 39% of the numbskulls in this country think this dude is favorable in the job.
These are the really, really, REALLY dumb people who are still waiting for their Oboma money - He still be gibben it to 'em.
“This is a political ploy for the centrist moderate types.”
No, it’s not. He totally intends to make these cuts - off the backs of the millionaires (the ones making over $200,000/yr) he’s going to try to tax to death. You see, if we withold Medicare benefits from those who can afford their own healthcare, we can save lots of money...
Well, so much for “Equal Protection under the Law”.
One justice for the rich, one for the poor, one for the middle class and protected status for the illegals.
489 Days, 03 Hours, 05 Minutes, 22 Seconds until Obama is physically removed from the White House by Capitol Police.
Well, at least Obaba can count on the Black vote.
He is Black. They are Black. So he gets their votes.
Anyone smell Racism here?
Nope?
Of course not. Blacks are never racist.
Only everyone else.
Amen.
The scary part is - He still has over a year to do as much damage to the world as he can. He's starting to move into overdrive. He knows his time is short.
This is all designed to excite his base, particularly the $1T in defense cuts.
Everything going according to plan.
Obama: We are 5 days from FUNDAMENTALlY transforming America
http://www.youtube.com/watch?v=_cqN4NIEtOY
Higher Taxes Won’t Reduce the Deficit
History shows that when Congress gets more revenue, the pols spend it.
The grand bargain so many in Washington yearn fortax increases coupled with spending cutsis a fool’s errand. Our research confirms what the late economist Milton Friedman said of Congress many years ago: “Politicians will always spend every penny of tax raised and whatever else they can get away with.”
$1.5 trillion in new,additional taxes...the more they take, the more they waste.
“...The man is a fool, or he is counting on fools....”
The sad thing is is that there are fools that will vote for this jacka$$ again no matter what.
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