Pontificating President says no deal; GOP must "budge."

[DontBeStupid]

We don't NEED NO NEW SOURCE of REVENUE.

So .... we need new sources then?

 

[auditor0007]

Spending as a percentage of GDP (the only meaningful figure) is higher now than it has ever been in peacetime. That is also Obama and the Democrats' fault.

You do know that that is due to the lower than normal GDP right? I mean, after all, if GDP goes down and spending stays constant, the percentage will go up. That's not a spending problem then, that's a GDP problem.

Or more specifically, a jobs problem, but you guys don't want to talk about that.

When you reduce tax rates to the lowest in 60 years, and then you get a bad economy, it leads to the lowest revenue in 60 years. You can't cut taxes forever. Eventually you get lower revenues no matter what kind of growth it creates in the economy. The simple fact is that in 2000 we had a GDP of $9.8 trillion. Last year, GDP was $14.6 trillion, a 49% increase. Taxes on the other hand increased from $2.0 trillion to $2.1 trillion, a measly 5% increase. Yes, some of that is due to high unemployment, but weren't all those Bush tax cuts supposed to create gazzillions of new jobs? And you want to try again by cutting taxes further? I guess if it doesn't work the first time, try a little harder right?

Even Reagan understood that we needed certain services and that many programs had to be supported. As Governor of California, he pushed through the largest tax increases in the state's history. As President, while he cut rates, he increased revenue by dumping a lot of tax breaks and by increasing the FICA rate. Reagan's principals called for smaller government, but not for no government which is what many here espouse to.

 

[The Rabbi]

You're cherry picking data, again.
We have a tax structure which is perfectly suitable to generate sufficient revenue to fund the gov't. We have a spending issue. Raising taxes will not fix it. In fact, it will make it worse.
If the gov't suddenly found $1T by, e.g. selling a naval base or something, all clamor for reducing spending would die. You wouldn't hear a word about it. From either side.

 

[Nic_Driver]

The GOP held the middle class hostage previously and Obama blinked then. I hope he holds firm this time around and doesn't succumb to Republican extortion.

People in the middle class are beginning to wake up to the attacks of the GOP. The Tea Party is going to be the downfall of the GOP this next election cycle.

 

[Nic_Driver]

In fact, it will make it worse.

No it won't.

 

[auditor0007]

Well like they say, you can pay me a little now, or you can pay me a lot later.

 

[Too Tall]

The GOP is acting as if they have a 100% mandate to get 100% of their agenda on the budget.

That's mental.

What's mental is thinking borrowing more money is the way to go... THAT'S mental.

No, that's not correct. Borrowing money when interest rates are at an all time low is not necessarily that bad an idea.

What IS mental is being SO intransigent and SO unwilling to compromise, that your party is actually prepared to possibly default on the debt (partially, at least) thereby driving up interest rates not JUST on the debt, which will result in 100s of billions in more interest payments (which taxpayers ultimately would have to pay), but also raise interest rates on all Americans' debt. Guess what would happen then? Higher deficits and probably massive tax increases to pay for it.

Why would my fixed interest mortgage rate be raised? Why would my car loan interest rate be raised?. I have signed contracts on those debts. Since I only have three credit cards and I pay them in full every month, I have no interest charges on them.

You must be listening to the left wing drivel.

 

[thereisnospoon]

Spending as a percentage of GDP (the only meaningful figure) is higher now than it has ever been in peacetime. That is also Obama and the Democrats' fault.

You do know that that is due to the lower than normal GDP right? I mean, after all, if GDP goes down and spending stays constant, the percentage will go up. That's not a spending problem then, that's a GDP problem.

Or more specifically, a jobs problem, but you guys don't want to talk about that.

When you reduce tax rates to the lowest in 60 years, and then you get a bad economy, it leads to the lowest revenue in 60 years. You can't cut taxes forever. Eventually you get lower revenues no matter what kind of growth it creates in the economy. The simple fact is that in 2000 we had a GDP of $9.8 trillion. Last year, GDP was $14.6 trillion, a 49% increase. Taxes on the other hand increased from $2.0 trillion to $2.1 trillion, a measly 5% increase. Yes, some of that is due to high unemployment, but weren't all those Bush tax cuts supposed to create gazzillions of new jobs? And you want to try again by cutting taxes further? I guess if it doesn't work the first time, try a little harder right?

Even Reagan understood that we needed certain services and that many programs had to be supported. As Governor of California, he pushed through the largest tax increases in the state's history. As President, while he cut rates, he increased revenue by dumping a lot of tax breaks and by increasing the FICA rate. Reagan's principals called for smaller government, but not for no government which is what many here espouse to.

Ok ,that's your math. Here's the deal. Revenue in 2010 was 14.4% of GDP. 2011 revenue is projected to be 14.1% of GDP.
Problem is government spends too much.
Those on the political left believe the needs of government must be prioritized.
While the rest of us know the private sector is what keeps the economy moving forward.
The better off the private sector is, the more revenue collected by government.
Government should always be second at the trough because government does not produce anything. It only consumes.
That is the root cause of the economic malaise we are in now. Government has grown to gargantuan proportions and the Obama admin only wants it to grow even more.
We cannot have this. We cannot continue to depend on other countries to blindly buy our debt which is the ONLY way Obama can keep borrowing. It doesn't matter if Congress raises the debt ceiling if other countries slow or stop buying our debt.
The all or nothing straw man argument is being used again by those of the class envy crowd. Countless times, I have read "the rich don't pay any taxes". That's bull shit and everyone knows it.
No, it's the class envy crowd which is longing for the day when the Obama admin can put the royal screwing to the hated upper class. This will not help anyone, but it will surely make the Left "feel better".
PolitiFact | Jim DeMint says federal government has more revenue coming in "than we ever have"
and just to make it fair and balanced.......
http://economicsnewspaper.com/polic...4-tax-revenues-reach-record-levels-24590.html

 

[Stephanie]

No, they were elected to fix the job situation. Something they haven't even touched yet.

No, they were elected to keep the socialist obamaturd in check.

No, they were elected to get something done in Washington and get the economy going.

Honestly, am I the only one who reads exit polls?

They were elected to STOP the Obama and his posse of clowns in Washington from BANKRUPTING OUR COUNTRY..

They damn sure better NOT CAVE on tax increases.

 

[Stephanie]

The GOP held the middle class hostage previously and Obama blinked then. I hope he holds firm this time around and doesn't succumb to Republican extortion.

People in the middle class are beginning to wake up to the attacks of the GOP. The Tea Party is going to be the downfall of the GOP this next election cycle.

oh how funny. THE MIDDLE class woke up in NOVEMBER when they gave the house back to Republicans. Now they gotta FINISH THE JOB in 2012.

 

[Liability]

Silly us for thinking differently than you.

Apology accepted.

Your dunderheadedness is accepted. It's difficult to deny reality.

 

[Nic_Driver]

yes becasue we can tax all of the 'toy' jets at 90% and it would amount to how much? everytime he uses that phrase he sounds like a jackass.

Why do you guys always respond like that? It's so cowardly and dishonest. If we mention a possible source of tax revenue, you always take it to an extreme of "Well, even if we tax that source 90% or 100% ... " Are you seriously that anti-anything-Democrats-say that you refuse to acknowledge that they are talking about MULTIPLE sources so that the increases in any one source would be minimal?

We don't NEED NO NEW SOURCE of REVENUE. we need the friggen Obama and ALL CONGRESSCRITTERS who are calling for raising TAXES on ANYBODY at this time..... TO be fucking fired..good gawd, you classwarfare people make me sick.

Which classwarfare people, the ones that are winning or the ones waking up to the attack?

 

[oreo]

The dope we put into the Oval Office is now publicly playing a national game of "chicken":

President Barack Obama declared on Monday there would be no deal on raising the government's debt limit if Republicans won't compromise, and he said he would not sign a short-term extension — raising the stakes on volatile negotiations with the clock ticking toward an Aug. 2 deadline.

"I don't see a path to a deal if they don't budge. Period," the president said in a challenge to his political opponents, accusing Republicans of having a "my way or the highway" posture.

Asked whether or not he would veto legislation temporarily increasing the debt ceiling, the president said: "I will not sign a 30-day, or 60-day, or 90-day extension."

* * * *

--
Obama challenges GOP to compromise on debt - Yahoo! News

EXCELLENT!

I say let's play chicken with Dumbo.

He criticized politicians who say the debt ceiling doesn't need to be raised. "It's irresponsible. They know better," Obama said.

Wrong. What's irresponsible is trying to hold your breath till your face turns blue in order to get the surprisingly responsible people to cave in to your idiocy, Mr. President.

The house has passed their plan--it now sits in the senate for a vote--BUT the President has already stated he will veto it.

Obama and senate democrats have yet to come up with a plan--to cut spending and raise the debt ceiling. In fact the democrat lead senate has not come up with a budget plan in 800 DAYS--that's over 2 years.

So the ONLY bill that has been passed is the GOP house bill.

THE BALL is in the democrat lead court right now. If we default on August 2nd--it's only they that can be blamed for it.

 

[Charles_Main]

I love how you guys call what the Dems and Obama have been doing Compromise, then Claim the Republicans have no budged.

To rich. Keep lying to yourselves if you like, but were not buying it.


Oh and yes the Bush Tax Cuts were meant to be permanent, they simply did not think they could pass them with out including the sunset clause.

 

[bripat9643]

No, they were elected to keep the socialist obamaturd in check.

No, they were elected to get something done in Washington and get the economy going.

Honestly, am I the only one who reads exit polls?

Yeah, like keep the socialist obamaturd in check and repeal everything he signed.

 

[Liability]

Why do you guys always respond like that? It's so cowardly and dishonest. If we mention a possible source of tax revenue, you always take it to an extreme of "Well, even if we tax that source 90% or 100% ... " Are you seriously that anti-anything-Democrats-say that you refuse to acknowledge that they are talking about MULTIPLE sources so that the increases in any one source would be minimal?

We don't NEED NO NEW SOURCE of REVENUE. we need the friggen Obama and ALL CONGRESSCRITTERS who are calling for raising TAXES on ANYBODY at this time..... TO be fucking fired..good gawd, you classwarfare people make me sick.

Which classwarfare people, the ones that are winning or the ones waking up to the attack?

Come now. This isn't difficult.

The only ones engaging in it, as always, the liberoidal Democratics.

 

[mmmjvpssm]

If Republicans won't compromise then how the hell is it Obama who's playing a national game of chicken? What about the Republicans who are saying they won't raise the debt ceiling unless they get tax cuts for the rich? Why isn't that called playing chicken. Obama is doing exactly what he should be doing, not letting the Republicans hold America hostage

 

[Nic_Driver]

We don't NEED NO NEW SOURCE of REVENUE. we need the friggen Obama and ALL CONGRESSCRITTERS who are calling for raising TAXES on ANYBODY at this time..... TO be fucking fired..good gawd, you classwarfare people make me sick.

Which classwarfare people, the ones that are winning or the ones waking up to the attack?

Come now. This isn't difficult.

The only ones engaging in it, as always, the liberoidal Democratics.

You haven't been paying attention while the masses are beginning to wake up to the assault that's increased the class divide to unprecedented levels.

We’re on our way to a Plutocracy thanks to the GOP.

 

[Soggy in NOLA]

Which classwarfare people, the ones that are winning or the ones waking up to the attack?

Come now. This isn't difficult.

The only ones engaging in it, as always, the liberoidal Democratics.

You haven't been paying attention while the masses are beginning to wake up to the assault that's increased the class divide to unprecedented levels.

We’re on our way to a Plutocracy thanks to the GOP.

Of please. This war was started by FDR and the Raw Deal and has continued for decades since. But hey, no worries, it's all coming to a crashing halt.

 

[Liability]

Which classwarfare people, the ones that are winning or the ones waking up to the attack?

Come now. This isn't difficult.

The only ones engaging in it, as always, the liberoidal Democratics.

You haven't been paying attention while the masses are beginning to wake up to the assault that's increased the class divide to unprecedented levels.

We’re on our way to a Plutocracy thanks to the GOP.

Yeah, well you know how those masses can be.