Obama, Republicans reach deal to extend tax cuts, unemployment benefits

[kyzr]

IMHO whoever can demonstrate fiscal sanity wins in 2012

If the deems raise tax revenue and the GOP cuts spending they both win

 

[GHook93]

he should have told them to screw themselves.

Why do you say that! Then the middle-class would get a tax increase. SUCCESSFUL Small business owners would get a tax increase! The capital gains tax would increase on EVERYONE by 5% stifling investment.

Then for you, you get the unemployment benefits extended without it being paid for.

The country sees the parties both COMPROMISING to help America and not their parties!

 

[rightwinger]

Obama has no backbone. Borrowing $700 billion to pay for tax cuts for millionaires is fiscally irresponsible

The Deficit cutting Republicans agreeing to add additional debt for extending unemployment shows once and for all that they are more interested in getting tax cuts for their buddies than balancing the budget

Tea party....Where the fuck are you?

 

[Two Thumbs]

How will the unemployment benefits be paid for? We will borrow it. More debt spending. Will the decrease in the payroll tax result in a decrease in Social Security benefits? No, it shouldn't If not, how can we afford to do that when SS is also underfunded?

I feel this is an irresponsible move by both parties.

You got that right!

Crazy thing is, if we are going to extend UI to 155 weeks

That's 155

We should have let the cuts expire, something but add more and more to the pile.

screwit doesn't matter, obama is done in 2012. Even Dan Rather is saying that he will be challenged in the Dem primary, and Maher is calling him Wayne Brady.

 

[Two Thumbs]

Obama has no backbone. Borrowing $700 billion to pay for tax cuts for millionaires is fiscally irresponsible

The Deficit cutting Republicans agreeing to add additional debt for extending unemployment shows once and for all that they are more interested in getting tax cuts for their buddies than balancing the budget

Tea party....Where the fuck are you?

About 3 weeks from ofc. And they can't get there soon enough.

 

[jillian]

he should have told them to screw themselves.

Why do you say that! Then the middle-class would get a tax increase. SUCCESSFUL Small business owners would get a tax increase! The capital gains tax would increase on EVERYONE by 5% stifling investment.

Then for you, you get the unemployment benefits extended without it being paid for.

The country sees the parties both COMPROMISING to help America and not their parties!

because we can't afford to subsidize a bunch of rich people while we borrow money from china to pay for two unnecessary wars.

that's why.

and my dad always taught me... you can't give in to schoolyard bullies. if they want to act like bullies, you tell them to piss off.

really that simple. and i'm kind of tired of obama giving in to the righwingnuts before he even has to.

someone said he punted on the first down... i agree that's what he did.

 

[Revere]

Obama got new spending that will double on the cost of what he claimed extending tax cuts on the "rich" would cost.
The Tea Party candidates haven't been sworn in yet.

 

[Trajan]

2 years isn't really long enough for the tax cuts to remain and I am surprised obama agreed to this, he and most especially bus. actually would have been better off with 3 years, politically as it stands now it will be a campaign issue and this will not favor him.

the 2% payroll cut is a winner, people spend their money better than the gov. can, the death tax was a bit of a cave for the rep.s they wanted it kept in whole but they will take this going away.

From a purely political stand point however, wow, if I were a lefty I would be pissed too.

 

[PLYMCO_PILGRIM]

President Obama and congressional Republicans have agreed to a tentative deal that would extend for two years all the tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months and cut payroll taxes for workers to encourage employers to start hiring.
The deal has been in the works for more than a week and represents a concession by Obama to political reality: Democrats don't have the votes in Congress to extend only the expiring tax breaks that benefit the middle class. The White House estimates that the proposed agreement would prevent typical families from facing annual tax increases of about $3,000, starting Jan. 1.

Tax-cut deal reached between Obama, Republicans

I dont like it.

They aren't funding the social security tax cut nor are they funding the unemployment benefits extention.

I can't support them doing things they aren't covering with spending cuts or tax increases.

A pox on both their houses.

 

[NYcarbineer]

This CAVE-IN by Obama has a significant element of irony...

...if the Repubilcans who railroaded him into this are right, if this is the right formula for the economy and jobs...

...they've just guaranteed Obama his re-election.

Or, even if there's a normal cyclical recovery that has nothing to do with these tax cuts, he still now gets the credit.

 

[Trajan]

Obama has no backbone. Borrowing $700 billion to pay for tax cuts for millionaires is fiscally irresponsible

he doesn't have to borrow money he doesn't have to spend eh?

The Deficit cutting Republicans agreeing to add additional debt for extending unemployment shows once and for all that they are more interested in getting tax cuts for their buddies than balancing the budget

oh pish posh, the dems past nov. rescues for AMT for what? 3 years running? AGAINST their own Paygo rules?

Tea party....Where the fuck are you?

oh they are out there, you think this happened in a vacuum? Those senators up in 2012 are looking over their shoulders, the dem ones most especially.

 

[shintao]

President Obama and congressional Republicans have agreed to a tentative deal that would extend for two years all the tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months and cut payroll taxes for workers to encourage employers to start hiring.
The deal has been in the works for more than a week and represents a concession by Obama to political reality: Democrats don't have the votes in Congress to extend only the expiring tax breaks that benefit the middle class. The White House estimates that the proposed agreement would prevent typical families from facing annual tax increases of about $3,000, starting Jan. 1.

Tax-cut deal reached between Obama, Republicans

It is good to see the forward march of Democratic Socialism in business and struggling workers continue for the good of Socialist America. Once again as the gradual Socialist struggle continues, the capitalist have been defeated because their ways of solving unemployment in America have FAILED.

 

[The Infidel]

How will the unemployment benefits be paid for? More debt spending. Will the decrease in the payroll tax result in a decrease in Social Security benefits? If not, how can we afford to do that when SS is also underfunded?

I feel this is an irresponsible move by both parties.

They will just go hit that gold egg laying goose for more money to pay for their idiocy!

In other words they will go back and tap buisinesses for more cash, which will ultimately hurt us... the American people.



The Repubs should not have agreed to it... let Obama hang out to dry, along with those Americans he has helped stay unemployed.

How long is long enough to be on unemployment? Its gonna be the new welfare...

And to think I felt guilty for being on it for 4 months.....

 

[Trajan]

This CAVE-IN by Obama has a significant element of irony...

...if the Repubilcans who railroaded him into this are right, if this is the right formula for the economy and jobs...

...they've just guaranteed Obama his re-election.

Or, even if there's a normal cyclical recovery that has nothing to do with these tax cuts, he still now gets the credit.

sure and this is the way things are supposed to work, compromise not a ram it up the ass attitude, thats why a divided house senate and exec. is almost always best.

 

[The Infidel]

This CAVE-IN by Obama has a significant element of irony...

...if the Repubilcans who railroaded him into this are right, if this is the right formula for the economy and jobs...

...they've just guaranteed Obama his re-election.

Or, even if there's a normal cyclical recovery that has nothing to do with these tax cuts, he still now gets the credit.

sure and this is the way things are supposed to work, compromise not a ram it up the ass attitude, thats why a divided house senate and exec. is almost always best.

Thats exactly the way it is supposed to be.... it keeps everyone in check.

 

[DiveCon]

President Obama and congressional Republicans have agreed to a tentative deal that would extend for two years all the tax breaks set to expire on Dec. 31, continue unemployment benefits for an additional 13 months and cut payroll taxes for workers to encourage employers to start hiring.
The deal has been in the works for more than a week and represents a concession by Obama to political reality: Democrats don't have the votes in Congress to extend only the expiring tax breaks that benefit the middle class. The White House estimates that the proposed agreement would prevent typical families from facing annual tax increases of about $3,000, starting Jan. 1.

Tax-cut deal reached between Obama, Republicans

It is good to see the forward march of Democratic Socialism in business and struggling workers continue for the good of Socialist America. Once again as the gradual Socialist struggle continues, the capitalist have been defeated because their ways of solving unemployment in America have FAILED.

thanks for proving to everyone here that you are truly INSANE

 

[rightwinger]

The entire agreement does nothing but add to our national debt.

Complete sell-out by both Obama and the Republicans

 

[jillian]

sure and this is the way things are supposed to work, compromise not a ram it up the ass attitude, thats why a divided house senate and exec. is almost always best.

but this wasn't compromise. it was the right getting what they want. a compromise would have been reinstate the previous tax rate for people earning over $500,000. *That* is a compromise.

This wasn't a compromise.

 

[The Infidel]

The entire agreement does nothing but add to our national debt.

Complete sell-out by both Obama and the Republicans

We agree on something?

 

[WillowTree]

he should have told them to screw themselves.

He's stupid... but not that stupid.

he's far from stupid.

but he is a winp.

he should have made mitch mcconnell vote against exgending unemployment benefits on christmas eve...

what's your problem tonight? One martinti too many? You type like TM.