Fiscal agreement is a fiscal disaster

[MichaelJoeWilliamson]

Originally Posted by GatorAbe7

The stat I am seeing is $1 of cuts for every $41 of taxes effecting 77% of households. Republicans really, really screwed the pooch voting for this one.

The Tea Party will get renewed life with this vote.

[jimgata]

CBO estimates this deal will add an additional 3.9 trillion to the debt over the next decade. Based on CBO history, double that.

[Dreamliner]

Originally Posted by jimgata

CBO estimates this deal will add an additional 3.9 trillion to the debt over the next decade. Based on CBO history, double that.

We're saved!

[HALLGATOR]

While cuts are needed the other solution to slowing the growth of the deficit is jobs. More Americans working equals less on assistance and more revenue.

[orangeblueorangeblue]

Originally Posted by HALLGATOR

While cuts are needed the other solution to slowing the growth of the deficit is jobs. More Americans working equals less on assistance and more revenue.

Which is why cuts have to be gradual and tempered. If you cut 500B out of our budget a whole lot of people, both public and private, lose their jobs.

[gatorman_07732]

Originally Posted by orangeblueorangeblue

Which is why cuts have to be gradual and tempered. If you cut 500B out of our budget a whole lot of people, both public and private, lose their jobs.

Do you really think we have to be worried about large immediate cuts?

[Dreamliner]

Problem is the only thing that ever gets cut is rate of growth of government, and that's only momentary.

[jimgata]

What proposals were in this bill to add jobs? After all Obama said that was the first tiing he thought of in the morning and the last thing at night.
By the way, he left for Hawaii to resume his vacation, at an additional cost of 7 million dollars to the taxpayer, without signing the bill.

[MichaelJoeWilliamson]

Originally Posted by gatorman_07732

Do you really think we have to be worried about large immediate cuts?

Indeed.

Obama thinks we can tax and spend our way to prosperity.

[mocgator]

I hope when I told you to plan your fiscal exit strategy 5 or 6 years ago you did. We are on a speedy decline now. There will be no turning this back. Protect your finances and get money and or assets out of the country. Get out of debt and get into financial vehicles to protect yourself from the coming inflation.

[viningsgator]

The pubs in office are losing their minds. Still haven't figured out why they dont ask the Dems to return to the Clinton spendings levels while simultaneously accepting tax increases.

[MichaelJoeWilliamson]

Originally Posted by viningsgator

The pubs in office are losing their minds. Still haven't figured out why they dont ask the Dems to return to the Clinton spendings levels while simultaneously accepting tax increases.

Indeed. I have often wondered why the GOP does not call the Democrats out on doing just this?

Shoot, most of the liberals on this board have been very vocal about the "evil Bush tax cuts." But when pressed on their desire to see ALL the Bush tax cuts repealed, they only want tax increase "on the rich."

This bill will raise taxes on 80% of Americans. So, I guess in a sense, it IS broadening the tax base. Where it fails is to reform entitlements, reduce spending and reform the tax code. All it does is raise taxes.

No surprise.

[mocgator]

Originally Posted by MichaelJoeWilliamson

Indeed. I have often wondered why the GOP does not call the Democrats out on doing just this?

Shoot, most of the liberals on this board have been very vocal about the "evil Bush tax cuts." But when pressed on their desire to see ALL the Bush tax cuts repealed, they only want tax increase "on the rich."

This bill will raise taxes on 80% of Americans. So, I guess in a sense, it IS broadening the tax base. Where it fails is to reform entitlements, reduce spending and reform the tax code. All it does is raise taxes.

No surprise.

There is a Marxist in office. There are no cuts ever. Obama wants a leftist state. And that's what we're getting. All is lost for our kids.

[MichaelJoeWilliamson]

Originally Posted by mocgator

All is lost for our kids.

All is not lost. America will probably just have a period of what Robert Heinlein called "bad luck."

Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded- here and there, now and then- are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.This is known as "bad luck."

-- Robert A. Heinlein




But then, most our our voting youth were responsible for voting the man in office the first time and then reelecting him. So, this gets to another one of my favorite Heinlein quotes;

We get the government we deserve.

[jimgata]

People react to what they are taught. With the extreme left outlook in today's education, why should we expect the public to change their views on the economy? Socialism may be here to stay.
Dont'cha know we are to expect everything we want from the day we are born, without doing anything for it?

[Dreamliner]

Even the looney leftist Yahoo News is pointing out that soaking the rich is going to hurt the average American.

[mocgator]

The looters now hold dominion over the producers. The producers are now thought to be the problem. The looters are Saintly. We live in Bizzarro World. I will take great joy when the fools who voted for Obama begin to say.. "This is not what we expected or wanted". I will laugh out loud. My exit strategy will be in full force by then.

[G8trGr8t]

Originally Posted by jimgata

CBO estimates this deal will add an additional 3.9 trillion to the debt over the next decade. Based on CBO history, double that.

no problem, just print some more money....

[Dreamliner]

I predict that when the average working American opens his first paycheck, and finds that he's been stiffed 2% ... he'll find a way to blame this on the Republicans.

[jimgata]

The average American worker will be told, by the liberal media, who to blame and they will believe it.