The real Obama is back

[Katzndogz]

Here's what liberals do....

They tax rich people so that they lose incentive to grow their companies and hire more people, eventually some of them shutdown their companies putting people in the welfare line.

Many times those people that lose their jobs are middle class, so they slowly creep to the lower class with no job for years. Soon they are relying on Uncle Sam to survive because there are no jobs for them.

The money stolen from rich people via taxes are passed on to the poor people via food stamps, welfare, free housing, etc which keeps the poor hooked on their govt crack. Why get a job if Uncle Sam is going to cover your minimums and doing crimes on the side gives them extra spending money for that HDTV in their ghetto apartment....better have a gun too to keep others from stealing that TV.

The cycle goes on and on until the capitalist system collapses from the tax rates strain on investors and business owners. Democraps then propose a pure socialist/communist fix to end everyone's misery, but they will keep their power and money while you live in govt housing under their rules ala the USSR.

Communism in the USSR failed too. They know better than to follow cockamamie socialist programs. Why do you think Russia is now actively courting the wealthy of the world?

 

[JakeStarkey]

The far left and the ultra rights and simple-minded libertarians will not derail government anymore.

 

[CrusaderFrank]

The far left and the ultra rights and simple-minded libertarians will not derail government anymore.

You're not making sense.

I don't think I'm telling you anything new

 

[Stephanie]

The far left and the ultra rights and simple-minded libertarians will not derail government anymore.

oh boy, back to this..

 

[JakeStarkey]

Nope, Frank, a one-party fascist like you will not run this government, ever.

 

[HomeInspect]

Again, where are the big spending cuts? Did I miss them, or can soemone point them out? Many of my mindless lefty friends were shocked to see their paycheck smaller this week. The president lied... but is that surprising?

 

[HomeInspect]

You do know the whole deal was held up cause the republicans in congress, right?

Of course it was held up. They were waiting to see the spending cuts proposed by the president. So the spender and chief got what he wanted anyway. Why did the president lie, when he said taxes will not go up on the porrer and middle class ? Or are you going to to me SS is not a tax? I'm paying even more now for something I will probably never see. The ponzi scheme just got bigger.

Stop lying. (1) Income tax fell to the bush rates permanently with the bill. (2) The payroll tax holiday ended. (3) You must be a socialist if you wish for #2 to continue, so that somebody else can pay for you in your old age.

The fact: the GOP and Dem compromise means our income taxes are not going up by thousands of dollars annually.

Now we need both parties to begin working on spending cuts.

We have already given our grandchildren the obligation of paying for our old age, and our freakish spending. The spending cuts should have been in the bill before it was passed. Don't hold your breath on the spender and chief, or the dems in congress to support cutting any of their precious entitlement, and government dependency programs.

 

[JakeStarkey]

Of course it was held up. They were waiting to see the spending cuts proposed by the president. So the spender and chief got what he wanted anyway. Why did the president lie, when he said taxes will not go up on the porrer and middle class ? Or are you going to to me SS is not a tax? I'm paying even more now for something I will probably never see. The ponzi scheme just got bigger.

Stop lying. (1) Income tax fell to the bush rates permanently with the bill. (2) The payroll tax holiday ended. (3) You must be a socialist if you wish for #2 to continue, so that somebody else can pay for you in your old age.

The fact: the GOP and Dem compromise means our income taxes are not going up by thousands of dollars annually.

Now we need both parties to begin working on spending cuts.

We have already given our grandchildren the obligation of paying for our old age, and our freakish spending. The spending cuts should have been in the bill before it was passed. Don't hold your breath on the spender and chief, or the dems in congress to support cutting any of their precious entitlement, and government dependency programs.

And you concede on (1) and (2) and (3) above, which is the honest thing to do. Good for you.

 

[BreezeWood]

Again, where are the big spending cuts? Did I miss them, or can soemone point them out? Many of my mindless lefty friends were shocked to see their paycheck smaller this week. The president lied... but is that surprising?

Did I miss them, or can soemone point them out?

The sequester, explained

What is the sequester?

It’s a package of automatic spending cuts that’s part of the Budget Control Act (BCA), which was passed in August 2011. The cuts, which are projected to total $1.2 trillion, are scheduled to begin in 2013 and end in 2021, evenly divided over the nine-year period. The cuts are also evenly split between defense spending — with spending on wars exempt — and discretionary domestic spending, which exempts most spending on entitlements like Social Security and Medicaid, as the Bipartisan Policy Center explains. The total cuts for 2013 will be $109 billion, according to the new White House report.

... which exempts most spending on entitlements like Social Security and Medicaid,


it doesn't say it above but food stamps are also exempt - Oh, that's the deal killer for wingnuts when poor people can still have a way to feed themselves ...

the Administration seems more than content to implement the sequestration, so what is the problem for Republicans in raising the debt ceiling when they already have what they are calling for ?

 

[JakeStarkey]

I am all for the sequestration. Yes, let it take effect.

 

[Nova78]

Whats happens to all the money that the government rapes from my wallet ?

 

[Flopper]

so where are the big spending cuts? My taxes are going up and I make less than 100k a year... thought that wasn't going to happen. The spender and chief got exactly what he wanted. Do the mindless lefties ever see a tax they don't like>

Charles Krauthammer: Return of the real Obama - The Washington Post

Actually Obama did push for extending the Social Security payroll tax cut as early as last Feb, but neither party had any interest in pursuing it so it was generally agreed to let it expire. The 2% increase should put the trust fund in pretty good shape at least for few more years, however by 2020 payouts will once again exceed tax contributions and the fund will again begin to shrink.

$48B Deficit in 2012, 100% invested in "assets" that nobody owns, that are guaranteed to lose purchasing power

Yeah, great shape

I don't know where you're getting the 48 billion deficit for 2012. For 2011, the assets of the Old-Age, Survivors, and Disability Insurance Trust Funds grew by 69 billion and that was with only a 4% employee contribution.

Operations in 2011:
[In billions]
Income $805.1
Outgo 736.1
Difference 69.0

Far from being "worthless IOUs," the investments held by the trust funds are backed by the full faith and credit of the U. S. Government. The government has always repaid Social Security, with interest. The special-issue securities are, therefore, just as safe as U.S. Savings Bonds or other financial instruments of the Federal government.

Trust Fund FAQs
Social Security Trust Funds

 

[chikenwing]

So you are a socialist who wants your fellow taxpayers to chip in for your old age retirement. Got it.

so where are the big spending cuts? My taxes are going up and I make less than 100k a year... thought that wasn't going to happen. The spender and chief got exactly what he wanted. Do the mindless lefties ever see a tax they don't like>

Charles Krauthammer: Return of the real Obama - The Washington Post

How the freaking hell did your twisted logic bring that conclusion??

 

[tjvh]

It's about personal responsibility, Frank, which you ignore.

That's why it's OK to make the rich pay more... I mean their fair share. Personal responsibility my ass.

 

[JakeStarkey]

So you are a socialist who wants your fellow taxpayers to chip in for your old age retirement. Got it.

so where are the big spending cuts? My taxes are going up and I make less than 100k a year... thought that wasn't going to happen. The spender and chief got exactly what he wanted. Do the mindless lefties ever see a tax they don't like>

Charles Krauthammer: Return of the real Obama - The Washington Post

How the freaking hell did your twisted logic bring that conclusion??

Because the payroll tax holiday is over and bozoInspect has to pay his fair share of SS tax but is boo hooing about it. For shame.

 

[JakeStarkey]

tjvh has trouble being personally accountable. I guarantee that will end.

 

[Big Black Dog]

Taxes are going to go up so high that even liberal Democrats are going to be bitching about them. Why I wouldn't be surprised if they don't begin to burn their wallet-sized Owe Bama pictures they all carry around.

 

[JakeStarkey]

I don't think the GOP is going to allow higher taxes on the working and middle classes, BBD.

I wonder though what the Dems will want to tax on business?

 

[Big Black Dog]

I don't think the GOP is going to allow higher taxes on the working and middle classes, BBD.

I wonder though what the Dems will want to tax on business?

When people start seeing all the little hidden taxes that will be popping up, they will all understand that everybody's taxes are going up. There are more things to tax then just income.

 

[Flopper]

Taxes are going to go up so high that even liberal Democrats are going to be bitching about them. Why I wouldn't be surprised if they don't begin to burn their wallet-sized Owe Bama pictures they all carry around.

I seriously doubt that. Some changes to the tax code; maybe another percentage point in rates, some limits on deductions, and discontinuing some tax write offs that should have been dropped years ago. I expect the largest cut will be in defense spending and some cuts in entitlements spread over at least 10 years. The deficit will continues to grow but at a much slower rate. If you're looking for anything more than this, it ain't gonna happen.