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The Facts About the Debt Ceiling
#41
I noticed that Drudge has a report that Romney is against the deal. Now that is interesting. How many people thought he would have aligned with the movers and shakers?
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#42
(08-01-2011, 10:50 PM)WmLambert Wrote: I noticed that Drudge has a report that Romney is against the deal. Now that is interesting. How many people thought he would have aligned with the movers and shakers?

Sounds like someone afraid to make a stand. After stepping on his Johnson talking about favouring Cap and Tax, he is now gun shy.

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"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#43
Huh... Wrote:there's more than one way to balance a budget. One is to radically cut government spending. The other is to radically raise taxes. Which do you think Obama favors?
He definetely favors spending cuts and not tax increase: half a million governement jobs terminated, temporary tax rebates on cars and homes, no tax increase.

He wanted to slightly increase taxes for the rich, back to the Clinton's year levels, but he finaly agreed not to do so. That's the only tax he wanted to raise, amid a million of spending cuts.

JL Wrote:Can you point us to where he has done more than offer words to that effect?
1/ Obama never changed the constitution as feared initialy. Ironicaly it's his oponents who want to do so for short term goals.

2/He made relatively small spending of his own that added to the deficit and deficit reduction is now his top priority.

JL Wrote:on finding out the real facts, since the MSM is not going to give it to us: Middle classes to be hit by tax increase by the back door
This article from this gossip website is BS. Tax hikes on the agenda are pure speculation on what some democrats said. And they said it realisticaly: If you think you can reduce the deficit without more taxes one day or another you are kidding yourself. Yet for the moment Oabam doesn't raise them.
I wish Oabam loses the elections just to see the GOP raising taxes without having any other choice.

Last I read, there was no amendement. That would be ridiculous. But they are changing the deal every 5 minutes...

Here is what I read today, nothing to be crazy about but better than nothing:

Debt deal takes minor swipe at red ink
Senate takes up debt limit bill, passage likely
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#44
And here is the latest on how the citizenry regard the latest Debt Ceiling deal: More Americans Oppose Than Favor Debt Ceiling Agreement.

Quote: Americans are more likely to oppose (46%) than favor (39%) the agreement President Obama and Congress reached to raise the federal debt ceiling. Majorities of Democrats and liberals favor the agreement, while conservatives and Republicans largely oppose it.

Keep in mind that this is a random survey, which includes anyone and everyone, not likely voters. The implications are really sobering if considered this way. And I can assume that this has the Big Government elitists, and heavy spenders, seriously worried.

No wonder they demonize the Tea Party, which is going to have another field day in the next election cycle. I can almost guarantee it.
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"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#45
Quote:He definetely favors spending cuts and not tax increase

Yes, because Obama's creeps didn't propose -

-A change to corporate accounting practices for valuing inventories and expenses, thereby limiting deductions and increasing corporate taxes.
-Eliminating some of the personal deductions for charitable giving by high-income earners, about $300 billion over 10 years.
-Ending all oil- and ethanol-specific tax breaks.
-Taxing the earnings of venture capitalists and hedge fund managers as personal income not capital gains.

Oh, that's right - they did.


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#46
Is anyone noticing that the Democrat MSM is now concluding that the debt deal was a terrible thing, and even the Politico is adding up the numbers and has finally concluded that Obama is very likely to be defeated in 2012?

As the economy continues the acceleration to race to the bottom, even the Jackasses are starting to bolt. Why has this taken so long?
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"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#47
(08-04-2011, 03:15 PM)John L Wrote: Why has this taken so long?

It always takes longer to admit you are wrong than to proclaim that you are right.

I know you think you understand what you thought I said,
but I'm not sure you realize that what you heard is not what I meant!
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#48
Politicians never admit they are wrong, and most die hards take years or decades to do so, if at all.
Jefferson: I place economy among the first and important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy.
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#49
Dr. Thomas Sowell, who had encouraged the GOP to accept the debt ceiling deal, has had time to rethink his position: A Pyrrhic 'Victory'

Quote:Just a week before the budget deal was made at the eleventh hour, it looked like the new Republican majority in the House of Representatives had scored a victory by getting the President and the Congressional Democrats to give up the idea of raising the tax rates -- and to cut spending instead. But now that the details are coming out, that "victory" looks very temporary, if not illusory.

The price of getting that deal has been having the Republicans agree to sitting on a special bipartisan Congressional committee that will either come to an agreement on spending cuts before Thanksgiving or have the budgets of both the Defense Department and Medicare cut drastically.

Since neither side can afford to be blamed for a disaster like that, this virtually guarantees that the Republicans will have to either go along with whatever new spending and taxing that the Democrats demand or risk losing the 2012 election by sharing the blame for another financial disaster.

In short, the Republicans have now been maneuvered into being held responsible for the spending orgy that Democrats alone had the votes to create. Republicans have been had -- and so has the country. The recent, short-lived budget deal turns out to be not even a Pyrrhic victory for the Republicans. It has the earmarks of a Pyrrhic defeat.
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"Falsehood flies, and truth comes limping after it" - Jonathan Swift, 1710
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#50
Perhaps I am wrong, but I think the defense department and medicare (and perhaps other entitlements?) are being held hostage if the new "super commitee" can't make a spending reduction that will pass both houses of congress. If this is the case, it is a severe problem for the republicans, since any reduction in defense will anger conservatives and any reduction in medicare will anger millions of senior citizens, who will blame it on the republicans. Thus the Democrats on the committee have every reason to make proposals in their interest; the republicans lose if no deal is reached.
Jefferson: I place economy among the first and important virtues, and public debt as the greatest of dangers. To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy.
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