[aspinswramymn]

The tax hikes are insignificant. Even if Republicans agree to them, they got 90% of what they wanted. I predict that the Republicans will take this deal. But being that it's only the end of JUne and they have until Aug. 5, sure, they are going to pretend to walk away for now.

Besides, most of these tax breaks are crap. Republicans should be happy to let them go, and I suspect they actually are. But if they can get more out of the Democrats, why not?

Its not about the number in this case. Its the principle. Taxes arent the problem, spending is.

[Gcromqgb]

That's true, but you still have to make a deal. The public will blame the Republicans if the deal blows up, because of the small number of tax increases the Democrats want. If the Republicans take the deal, they'll take a small hit with their base, but Democrats will get hurt worse.

[PemiaGefe]

That's true, but you still have to make a deal. The public will blame the Republicans if the deal blows up, because of the small number of tax increases the Democrats want. If the Republicans take the deal, they'll take a small hit with their base, but Democrats will get hurt worse.

Here is the truth. If we cut the spending we dont need a tax hike. It is time Obama and his cronies had his credit card cut.

[Gcromqgb]

You do that by winning the next election, not by destroying the nation's credit. As long as there is a Democrat in the White House and a Democratic majority in the Senate, you agree to some tax hikes. And these aren't even real tax hikes, they are just ending some loopholes that Republicans want to end anyway as part of tax reform. This is a great deal and I expect the Republicans will take it unless they can get an even better deal.

[PemiaGefe]

You do that by winning the next election, not by destroying the nation's credit. As long as there is a Democrat in the White House and a Democratic majority in the Senate, you agree to some tax hikes. And these aren't even real tax hikes, they are just ending some loopholes that Republicans want to end anyway as part of tax reform. This is a great deal and I expect the Republicans will take it unless they can get an even better deal.

Here is a clue for you. They are already destroying our credit. No need to lose the country as well. We can pull ourselves out of this as long as we stop spending. Period. All things must be cut.

[Gcromqgb]

Then they should be cut. But since the Republicans and Democrats already agreed to a FY11 CR that increases the deficit, they should raise the deficit ceiling. And concentrate on the FY12 spending battle.

[Kryfamid]

where is the democrat budget?

I have not seen one...

[Gcromqgb]

And you never will. THey don't want to lead.

[aspinswramymn]

That's true, but you still have to make a deal. The public will blame the Republicans if the deal blows up, because of the small number of tax increases the Democrats want. If the Republicans take the deal, they'll take a small hit with their base, but Democrats will get hurt worse.

From what Im seeing, they dont have to make a deal. Dems have to make the deal. Significant cuts or govt shut down. We know who won that in the 90s, the golden years the Dems talk about.

[KeestRast]

It's a bit odd that Obama is emphasizing tax increases for the wealthy, as all the Bush tax cuts are set to expire after next year. That should be part of what he embraces. Rewriting the tax code is a great idea- but eliminate ALL deductions, tax expenditures of $2 Trillion/year, and start over. Let the special interests re-lobby for every one of them. This would justify reducing the tax rates for everyone. Put a vote for the balanced budget ammendment on the calender (see how congress votes this time). A firm pledge to return to 2008 funding levels for every department, by 2014, would be good as well.

Now that would be a real compromise with conservatives.

[yurawerj]

where is the democrat budget?

I have not seen one...

They have not submitted a budget since Obama took office. And Obama has the audacity to blame the Pub's yet the Pub's passed a budget in the House.

What it really comes down to is the Dem's have no clue how to lead. When they had control of the WH and Congress they did nothing but spend trillions we don't have and ram down Obamacare that everybody loves so much 30 states are suing to kill it.

[replicaypu]

This former speech writer for Reagan and Nixon tells us where it all went wrong and who`s to blame. How to destroy a nation

[emorbimefed]

This former speech writer for Reagan and Nixon tells us where it all went wrong and who`s to blame. How to destroy a nation

wow a prof of english and was s a speech writer of a gov and presidentail cnidate over 30 years ago, yes he is an expert on budgets and taxes

[jeaccatty]

Here is a clue for you. They are already destroying our credit. No need to lose the country as well. We can pull ourselves out of this as long as we stop spending. Period. All things must be cut.

Agreed--raising taxes is ALL--every single time democrats think of. And don't fool yourselves--this just isn't about taxing the "wealthy" as they would have you believe--they're already talking about elimination or reducing the mortgage interest rate you can deduct--(Just like Jimmy Carter did) to effectively RAISE tax liability on everyone who owns a home in this country. What democrats give with the left hand they will always take that back and more with the right.

With baby boomers entering social security--18,000 daily which will continue for the next 15 years--there is 64 TRILLION in unfunded liabilities on top of the 14.3 trillion in red ink now.

So we only need 74 of the below chart to pay this tab--which results in $534,000.00 per household owed in America-LOL

Attachment 11383

One trillion dollars--($100.00 bills) stacked on pallets.

[aspinswramymn]

And of course, as we pointed out before you could confiscate every dollar of income above 250k and we would still have a deficit.

[replicaypu]

wow a prof of english and was s a speech writer of a gov and presidentail cnidate over 30 years ago, yes he is an expert on budgets and taxes

Mr. Stiglitz is a Nobel laureate in economics.

[PemiaGefe]

Mr. Stiglitz is a Nobel laureate in economics.

Oh snap!!!

[jeaccatty]

His fear mongering is bullshit. Everything that comes out of his mouth is bullshit. There is not even any point in taking him seriously anymore. Just ignore him.

DITTO--our constant campaigner President

Here's something from Marco Rubio regarding the continual class warfare.

“I’m disappointed because America does not have a tradition of class warfare,” said Sen. Marco Rubio, R-Fla. “It’s class warfare and the kind of language you’d expect from the leader of a third world country, not the president of the United States.”

Sen. Jim DeMint, R-S.C., dubbed President Obama the “addict in chief” on spending. “He’s played dozens of rounds of golf and had many, many fundraisers around the country, but he has been AWOL on this issue.”

“And his condescending speech yesterday that told Congress to solve the problem ignored the fact that he was elected president to lead, and yet he’s not even following when it comes to this issue,” he added.

Senate Republican leader Mitch McConnell, also speaking from the floor, invited the president to come to the Capitol to “hear directly from Senate Republicans why what he’s proposing will not pass … and finally start talking about what’s actually possible.” Can Congress compromise and defuse the national debt ceiling bomb? | Alaska Dispatch

[Gcromqgb]

Stiglitz is right about where the last $4 trillion in debt came from. What he doesn't tell you is where the next $10 trillion comes from: Medicare and Medicaid. 80% of spending growth from her on is Medicare and Medicaid. Most of the rest is Social Security.

[jeaccatty]

Stiglitz is right about where the last $4 trillion in debt came from. What he doesn't tell you is where the next $10 trillion comes from: Medicare and Medicaid. 80% of spending growth from her on is Medicare and Medicaid. Most of the rest is Social Security.

Again there are 18,000 baby boomers entering social security/medicare DAILY which will continue for the next 15 years--resulting in another 64 trillion in unfunded liabilities. There is absolutely no way that this country can afford a debt that equates to $534,000.00 per household to pay this tab.

Attachment 11385