Fiscal agreement is a fiscal disaster

[Matthanuf06]

Originally Posted by g8rjd

I'm pretty sure that it was deemed to be a temporary measure at its inception and was extended through the Administration's advocacy, over GOP objections. But, feel free to continue with the democrats-are-to-blame-for-everything rhetoric.

Obama said he wasn't going to raise taxes on the middle class. Taxes are now higher on the middle class. Certainly the GOP should have fought for it as well, they have some blame. Romney isn't in office though, Obama is. He's raping the pocket books of the middle class while burdening our kids with an impossible debt load. Terrible combination.

Given we are printing at an insane pace, wouldn't it be wise for the citizens to actually get it to combat the guaranteed inflation?

[wgbgator]

Originally Posted by Matthanuf06

Obama said he wasn't going to raise taxes on the middle class. Taxes are now higher on the middle class. Certainly the GOP should have fought for it as well, they have some blame. Romney isn't in office though, Obama is. He's raping the pocket books of the middle class while burdening our kids with an impossible debt load. Terrible combination.

Given we are printing at an insane pace, wouldn't it be wise for the citizens to actually get it to combat the guaranteed inflation?

If this is going to be the standard, does it even matter then? I mean even when the payroll tax holiday was in effect, his opponents were claiming that he had raised taxes, whether it was Obamacare, or however the opposition wanted to define "raising taxes." Moreover, partly because of Making Work Pay, the Democrats were using rhetoric about presiding over massive tax cuts for the middle class (so, conversely does he get credit for that?). How closely are you going to parse rhetoric for political point scoring?

[Matthanuf06]

Originally Posted by wgbgator

If this is going to be the standard, does it even matter then? I mean even when the payroll tax holiday was in effect, his opponents were claiming that he had raised taxes, whether it was Obamacare, or however the opposition wanted to define "raising taxes." Moreover, partly because of Making Work Pay, the Democrats were using rhetoric about presiding over massive tax cuts for the middle class (so, conversely does he get credit for that?). How closely are you going to parse rhetoric for political point scoring?

He should get credit for when he cuts taxes and credit for when he raises them. If Obama does a good job then ill have no problem praising him.

[wgbgator]

Originally Posted by Matthanuf06

He should get credit for when he cuts taxes and credit for when he raises them. If Obama does a good job then ill have no problem praising him.

But in this case, the same measure both lowered and raised taxes at different times, according to the way we seem to be defining it. Basically, it's like saying Bush raised taxes on the wealthy, because the Bush Tax Cuts sunsetted. Not only that, you'd have to credit Obama for cutting taxes on incomes under $400,000 with the Cliff deal, because they were going up, because they were written to sunset. It's just stupid.

[tegator80]

Originally Posted by tegator80

Pick your best assessment of what is going down.

1) It is all a ruse, that there are no differences between the aisles in congress and the "opposition" fought a heroic battle but lost. Need to keep them in place for future battles. The next "crisis" is the debt limit in February. STAY TUNED!

2) The Pub is the minority party and does not have power anymore. The House Dems had the votes to stop anything tangible to reduce spending and then Obama/Senate put them in a position to be the "bad guys" in the end. Chose to retreat rather than make a stand.

Personally, I want to believe 2) based on the limited capabilities of the American public to think for themselves but I vote for 1). Things play out so tidily for our sound bite society. The march towards cattle in corrals and overseers continues. Just need to shuffle the money and power structures a little bit more before the Master Plan gets implemented in full force.

Well, the GOP didn't get very far in their fight for truth, justice and the American Way. So again I ask, is it a big ruse or is the GOP a permanent minority party?


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