Fiscal agreement is a fiscal disaster

[gatorman_07732]

Originally Posted by 92gator

Don't you ever tire of toting Barry's jock strap?

When he does he'll just change up and carry his water

[DeanMeadGator]

Originally Posted by Row6

Boehner and the republicans wanted more tax cuts. They had to be dragged kicking and screaming to raise any taxes. Let's keep this straight.

I doubt that our 3 children and 6 grandchildren will care about which party took what position. The fact is that we will leave them a $20 trillion [or more] budget deficit that they will have to pay. They will remember us as a selfish generation who ruined their economic futures.

The Congress is comprised of incompetent, selfish and finger-pointing buffoons who lack the political courage to do what is best for America and future generations. If they were running a business, it would have filed bankruptcy long ago.

Anyone who thinks that higher taxes is the key to reducing the ever-increasing deficit is not looking at the facts. If you don't believe me, calculate the interest that will accumulate on $16 trillion of debt in one year. Deduct from that figure the increased tax revenue for that one year. If there is a positive balance, apply it against the additional spending during the same year. Let us know the amount by which the deficit is decreased that year.

As a wise person once said, "I learned everthing I needed to know in kindergarden." The members of Congress should go back and learn simple lessons.

If you have 10 cents, you can't spend $10.00. If you do, the $9.90 has to be repaid some day.

It's easier to let someone else pay the massive debt that is growing by millions of dollars a day. It's immoral to expect our children and their children to do so because we won't.

[Matthanuf06]

Whatever happened to not raising taxes on the middle class? 2% tax increase to all workers is a major tax hike for all. Combine that with no deficit plan and Obama is killing the economy

[Row6]

Originally Posted by 92gator

Don't you ever tire of toting Barry's jock strap?

Whoa!

Mr. "Landslide, Book-it!" shows back up. Any predictions on the economy?

[Row6]

Originally Posted by DeanMeadGator

I doubt that our 3 children and 6 grandchildren will care about which party took what position. The fact is that we will leave them a $20 trillion [or more] budget deficit that they will have to pay. They will remember us as a selfish generation who ruined their economic futures.

The Congress is comprised of incompetent, selfish and finger-pointing buffoons who lack the political courage to do what is best for America and future generations. If they were running a business, it would have filed bankruptcy long ago.

Anyone who thinks that higher taxes is the key to reducing the ever-increasing deficit is not looking at the facts. If you don't believe me, calculate the interest that will accumulate on $16 trillion of debt in one year. Deduct from that figure the increased tax revenue for that one year. If there is a positive balance, apply it against the additional spending during the same year. Let us know the amount by which the deficit is decreased that year.

As a wise person once said, "I learned everthing I needed to know in kindergarden." The members of Congress should go back and learn simple lessons.

If you have 10 cents, you can't spend $10.00. If you do, the $9.90 has to be repaid some day.

It's easier to let someone else pay the massive debt that is growing by millions of dollars a day. It's immoral to expect our children and their children to do so because we won't.

If debt is your primary issue you should applaud a measure which is estimated to reduce $600 billion of it over 10 years. No one pretends that is sufficient but on that measure it is superior to not doing anything with taxes.

[g8rjd]

Originally Posted by Matthanuf06

Whatever happened to not raising taxes on the middle class? 2% tax increase to all workers is a major tax hike for all. Combine that with no deficit plan and Obama is killing the economy

Ending the SS tax holiday was advocated by the GOP last year. It was a temporary measure that was part of the much maligned stimulus package.

Here's a Fox News article on it from last year.

http://www.foxnews.com/politics/2011...l-tax-holiday/

[surfn1080]

Originally Posted by Row6

If debt is your primary issue you should applaud a measure which is estimated to reduce $600 billion of it over 10 years. No one pretends that is sufficient but on that measure it is superior to not doing anything with taxes.

Maybe I misread some other post but was it not estimated this deal would not reduce any debt but actually add 4 trillion? It was off a cbo report.

[Matthanuf06]

Originally Posted by g8rjd

Ending the SS tax holiday was advocated by the GOP last year. It was a temporary measure that was part of the much maligned stimulus package.

Here's a Fox News article on it from last year.

http://www.foxnews.com/politics/2011...l-tax-holiday/

So? Obama didn't fight at all for it and his campaigned was centered around not increasing taxes to the middle/low classes.

Just bc neither side wanted it doesn't mean that Obama kept his promise

And also the stimulus was maligned for pork and crazy spending, not tax reductions

[wgbgator]

Originally Posted by Matthanuf06

So? Obama didn't fight at all for it and his campaigned was centered around not increasing taxes to the middle/low classes.

Just bc neither side wanted it doesn't mean that Obama kept his promise

And also the stimulus was maligned for pork and crazy spending, not tax reductions

And this is why politics is ridiculous. There's little doubt the GOP will attempt to hammer Obama for raising taxes, even though they opposed the measure to extend the tax holiday themselves, and the Stimulus which included it.

[92gator]

Withdrawn (misfire).

[92gator]

Originally Posted by gatorman_07732

When he does he'll just change up and carry his water

[g8orbill]

Originally Posted by Row6

If debt is your primary issue you should applaud a measure which is estimated to reduce $600 billion of it over 10 years. No one pretends that is sufficient but on that measure it is superior to not doing anything with taxes.

makes me laugh that you could even remotely believe this

[g8rjd]

Originally Posted by Matthanuf06

So? Obama didn't fight at all for it and his campaigned was centered around not increasing taxes to the middle/low classes.

Just bc neither side wanted it doesn't mean that Obama kept his promise

And also the stimulus was maligned for pork and crazy spending, not tax reductions

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.

[92gator]

Originally Posted by Row6

Whoa!

Mr. "Landslide, Book-it!" shows back up. Any predictions on the economy?

Why yes, now that you ask. The economy will flourish in Barry's second term!

BOOK IT!

[Row6]

Originally Posted by surfn1080

Maybe I misread some other post but was it not estimated this deal would not reduce any debt but actually add 4 trillion? It was off a cbo report.

That is when compared to not extending any of the Bush tax cuts, a position that no one in elected office favored and was never going to happen.

[Row6]

Originally Posted by Matthanuf06

So? Obama didn't fight at all for it and his campaigned was centered around not increasing taxes to the middle/low classes.

Just bc neither side wanted it doesn't mean that Obama kept his promise

And also the stimulus was maligned for pork and crazy spending, not tax reductions

Your wife almost certainly received a tax cut as part of the 2009 and 2010 stimulus - 95% of Americans did.

[Row6]

Originally Posted by g8orbill

makes me laugh that you could even remotely believe this

Those figures are from the same source as the OP.

[Row6]

Originally Posted by 92gator

Why yes, now that you ask. The economy will flourish in Barry's second term!

BOOK IT!

I was feeling pretty good about things until I read what you predict.

[Dreamliner]

News snippets:

"With Fiscal Cliff deal, Americans earning $30,000 a year suffer bigger tax hit than those making $500,000 a year."

"Unemployment remains at 7.8%. Jobless claims up. Hiring not accelerating."

[Matthanuf06]

Originally Posted by Row6

Your wife almost certainly received a tax cut as part of the 2009 and 2010 stimulus - 95% of Americans did.

So what? Cutting taxes is good stimulus. When did I say it was bad? The problem with the stimulus was it was full of bridge to nowhere type of wasteful spending. Just bc the bulk of the deal was terrible doesn't mean every portion was terrible. That's a logical fallacy