Democrats threaten to go over ‘fiscal cliff’ if GOP fails to raise taxes

[ScienceRocks]

Democrats threaten to go over ‘fiscal cliff’ if GOP fails to raise taxes
Washington Post ^

Democrats threaten to go over ‘fiscal cliff’ if GOP fails to raise taxes - The Washington Post

Democrats are making increasingly explicit threats about their willingness to let nearly $600 billion worth of tax hikes and spending cuts take effect in January unless Republicans drop their opposition to higher taxes for the nation’s wealthiest households.

Emboldened by signs that GOP resistance to new taxes may be weakening, senior Democrats say they are prepared to weather a fiscal event that could plunge the nation back into recession if the new year arrives without an acceptable compromise.

In a speech Monday, Sen. Patty Murray (Wash.), the Senate’s No. 4 Democrat and the leader of the caucus’s campaign arm, plans to make the clearest case yet for going over what some have called the “fiscal cliff.”

“If we can’t get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then I will absolutely continue this debate into 2013,” Murray plans to say, according to excerpts of the speech provided to The Washington Post.

If the tax cuts from the George W. Bush era expire and taxes go up for everyone, the debate will be reset, Murray is expected to say. “Every proposal will be a tax-cut proposal,” according to the excerpts, and Republicans would no longer be “boxed in” by their pledge not to raise taxes.

“If middle-class families start seeing more money coming out of their paychecks next year, are Republicans really going to stand up and fight for new tax cuts for the rich? Are they going to continue opposing the Democrats’ middle-class tax cut once the slate has been wiped clean? I think they know this would be an untenable political position.”

Murray’s address, set to be delivered at the Brookings Institution, is meant to influence both the Nov. 6 election and the lame-duck legislative session in November and December

 

[grunt11b]

Let them. We the people will know what happened.

 

[editec]

Oh the DEBT is so SCARY!!!!!!!!

Wake up, folks.

Accounting is a marker not a universal truth.

 

[CrusaderFrank]

Democrats are economic Jihadists. They wired themselves up with Failed Keynesian economics, walked out onto Main Street USA and are threatening to hit the detonator

 

[Claudette]

Better idea is to cut spending.

Of course that won't happen.

One has to wonder about the Clowns we elect to represent us. They sure are lacking in Common Sense.

One has to wonder what happens when the spigot runs dry??

 

[zeke]

Scares you all to death that the Dems could hold the rest of us hostage like the repugs do.
Personally I hope they do it (let all Bush cuts expire) Between my Sch C income and Sch E income, I won't feel a thing. But the rest of you rethugs, evidentally a tax increase of any sort will send you into financial ruin and bankruptcy. Good for you.

Is that about right?

 

[CrusaderFrank]

^

Dems rooting for the downfall of America.

Wow

 

[Mr. Shaman]

Let them. We the people will know what happened.

There are those-of-us who ALREADY know.​

"Not only was the entire national deficit eliminated after raising taxes on the wealthy in 1993, but the economy grew so fast for the remainder of the decade that many conservative economists thought that the Fed should raise the prime interest rate in order to slow it down."

1993 Deficit Reduction​

It's TIME to allow the Bush Tax-Cuts to.....​

...DIE ON THE VINE!!!!!​

​

 

[Two Thumbs]

Democrats threaten to go over ‘fiscal cliff’ if GOP fails to raise taxes
Washington Post ^

Democrats threaten to go over ‘fiscal cliff’ if GOP fails to raise taxes - The Washington Post

Democrats are making increasingly explicit threats about their willingness to let nearly $600 billion worth of tax hikes and spending cuts take effect in January unless Republicans drop their opposition to higher taxes for the nation’s wealthiest households.

Emboldened by signs that GOP resistance to new taxes may be weakening, senior Democrats say they are prepared to weather a fiscal event that could plunge the nation back into recession if the new year arrives without an acceptable compromise.

In a speech Monday, Sen. Patty Murray (Wash.), the Senate’s No. 4 Democrat and the leader of the caucus’s campaign arm, plans to make the clearest case yet for going over what some have called the “fiscal cliff.”

“If we can’t get a good deal, a balanced deal that calls on the wealthy to pay their fair share, then I will absolutely continue this debate into 2013,” Murray plans to say, according to excerpts of the speech provided to The Washington Post.

If the tax cuts from the George W. Bush era expire and taxes go up for everyone, the debate will be reset, Murray is expected to say. “Every proposal will be a tax-cut proposal,” according to the excerpts, and Republicans would no longer be “boxed in” by their pledge not to raise taxes.

“If middle-class families start seeing more money coming out of their paychecks next year, are Republicans really going to stand up and fight for new tax cuts for the rich? Are they going to continue opposing the Democrats’ middle-class tax cut once the slate has been wiped clean? I think they know this would be an untenable political position.”

Murray’s address, set to be delivered at the Brookings Institution, is meant to influence both the Nov. 6 election and the lame-duck legislative session in November and December

So the dems will fuck over the 99% if the 10%ish, isn't fucked over?



Yeah, I fucking dare them.

If they do, it's off too the dustbin of history

 

[Mr. Shaman]

Democrats are economic Jihadists. They wired themselves up with Failed Keynesian economics, walked out onto Main Street USA and are threatening to hit the detonator

 

[Two Thumbs]

Scares you all to death that the Dems could hold the rest of us hostage like the repugs do.
Personally I hope they do it (let all Bush cuts expire) Between my Sch C income and Sch E income, I won't feel a thing. But the rest of you rethugs, evidentally a tax increase of any sort will send you into financial ruin and bankruptcy. Good for you.

Is that about right?

How were you held hostage?

And why would you want ruin to come to ~ 60% of us?

 

[Mr. Shaman]

Scares you all to death that the Dems could hold the rest of us hostage like the repugs do.
Personally I hope they do it (let all Bush cuts expire) Between my Sch C income and Sch E income, I won't feel a thing. But the rest of you rethugs, evidentally a tax increase of any sort will send you into financial ruin and bankruptcy. Good for you.

Is that about right?

Taxes: The Highest in History?
August 5, 1996​

"The vast majority of taxpayers saw no change in their income taxes as a result of the 1993 law. CBO estimates that most households paid only $38 more per year, as a result of the 4.3 cent per gallon increase in the gas tax."

​

 

[Black_Label]

Democrats are economic Jihadists. They wired themselves up with Failed Keynesian economics, walked out onto Main Street USA and are threatening to hit the detonator

Sure, we need to give even more handouts and giveaways to the rich, that will fix the economy!

They've never worked in the past, have done nothing but tanked the economy, but that's the way to go!

Massive deficits = goooooooooooood That's the brainwashed radical right's view.

 

[Mr. Shaman]

^

Dems rooting for the downfall of America.

Wow

It's a little late, for that.....

 

[Mr. Shaman]

So the dems will fuck over the 99% if the 10%ish, isn't fucked over?



Yeah, I fucking dare them.

If they do, it's off too the dustbin of history

 

[bripat9643]

Oh the DEBT is so SCARY!!!!!!!!

Wake up, folks.

Accounting is a marker not a universal truth.

No one ever said it was a "universal truth," whatever that is. However, accounting reflects reality. Ignore it at your peril. It makes just as much sense to jump off the Empire State building.

 

[GuyPinestra]

Democrats are economic Jihadists. They wired themselves up with Failed Keynesian economics, walked out onto Main Street USA and are threatening to hit the detonator

Sure, we need to give even more handouts and giveaways to the rich, that will fix the economy!

They've never worked in the past, have done nothing but tanked the economy, but that's the way to go!

Massive deficits = goooooooooooood That's the brainwashed radical right's view.

What you fail to understand is that you could take 100% of EVERY 'millionaires' money, you could tax the Fortune 500 at 100%, you could even liquidate them.

Just take it ALL.

You'd squeeze just enough out of them to...
1.) Eliminate the deficit

2.) Pay down 1/4 of the debt

3.) Pay the interest on what we've borrowed from China

4.) Operate government for 9 months


I assure you one of these answers is right.

Pick one.

 

[bripat9643]

Democrats are economic Jihadists. They wired themselves up with Failed Keynesian economics, walked out onto Main Street USA and are threatening to hit the detonator

Sure, we need to give even more handouts and giveaways to the rich, that will fix the economy!

They've never worked in the past, have done nothing but tanked the economy, but that's the way to go!

Massive deficits = goooooooooooood That's the brainwashed radical right's view.

Massive deficits are the work of Democrats. The Republicans certain haven't been the ones asking for all the current spending.

It's truly astounding to behold all the myriad ways DemoRATs find to blame their debacles on others.

 

[Mr. Shaman]

Oh the DEBT is so SCARY!!!!!!!!

Wake up, folks.

Accounting is a marker not a universal truth.

No one ever said it was a "universal truth," whatever that is. However, accounting reflects reality. Ignore it at your peril.

Yeah.....we tried that....during The Bush Years.



[ame=http://www.youtube.com/watch?v=pNBctwAsu48]PBS NOW | Credit and Credibility part 1 - YouTube[/ame]​

 

[Black_Label]

Democrats are economic Jihadists. They wired themselves up with Failed Keynesian economics, walked out onto Main Street USA and are threatening to hit the detonator

Sure, we need to give even more handouts and giveaways to the rich, that will fix the economy!

They've never worked in the past, have done nothing but tanked the economy, but that's the way to go!

Massive deficits = goooooooooooood That's the brainwashed radical right's view.

Massive deficits are the work of Democrats. The Republicans certain haven't been the ones asking for all the current spending.

It's truly astounding to behold all the myriad ways DemoRATs find to blame their debacles on others.

Show me the last time the GOP trash balanced the budget and ran a surplus,...