Just three days after his election, President Obama has already thrown aside compromise with Congress by demanding NO tax cuts to be continued for the wealthy. Boehner seems just as unbending in extending the Bush tax cuts for all income levels, while the country heads towards the fiscal cliff.
The president thinks he has a mandate based on Tuesday’s election to raise taxes. However, neither party received a mandate from the American people, except to possibly find a way to compromise regarding the looming fiscal disaster that is only seven weeks away.
Both parties have exactly the same control they had before the election, so there is no mandate, Mr. President. If a majority of Americans agreed only with the president’s approach, why did the balance of power remain essentially unchanged?
As a matter of fact, according to the Wall Street Journal, one exit poll question on Tuesday asked “Should taxes be raised to help cut the budget deficit?” The answer was NO by nearly 2 to 1.
After the president meets with the top four leaders of Congress at the White House next week, he plans to depart on a trip to Asia. Really, Mr. President? Don’t you think the American economy is more important than a trip to Asia with fiscal sequestration only seven weeks away?
WSJ Excerpt:
We took it as a hopeful sign at first that Mr. Obama didn’t mention “tax rates.” That could leave some room to compromise with House Speaker John Boehner, who said this week he’ll consider more tax revenue without raising tax rates.
But later on Friday, White House spokesman Jay Carney said the President will veto any bill that includes an extension of the current tax rates for those earning more than $250,000.
Mr. Obama also demanded that House Republicans immediately pass a Senate bill extending current tax rates for lower incomes but not for everyone else, including the millions of small businesses that pay taxes at the individual rates.
If the president and Congress refuse to change their respective positions from that prior to the election, compromise is impossible. The media and political pundits have already started picking sides and pointing their fingers, while the government speeds towards their, as Senate Minority Leader Mitch McConnell calls it, the “Thelma and Louise economics” plunge off the fiscal cliff.
Excerpts:
Congress’s Joint Tax Committee estimates that raising taxes on income over $250,000 ($200,000 if you’re single) will raise $823 billion over 10 years on a static revenue basis. That includes all revenue from increases in marginal income tax rates, capital gains, dividends, reinstating the phaseouts of deductions for the wealthy and also treating dividends as ordinary income.
That’s only $82 billion a year in extra revenue when the federal deficit in fiscal 2012 was $1.1 trillion. So even if Mr. Obama gets his way, his tax increase would only cut the deficit by about 7.5%.
Stated another way, if the president gets his way, the tax increase would only reduce the deficit for about 27 days at the rate of Obama’s overspending! It’s simply continued campaign rhetoric by the president.
Amen, kevind1986 – it is envy and in most cases, the lower levels didn’t put in the same effort, labor or take the risks of those who are above them – and now want the government to level the playing field by taking what the people above them earned and give it to them!
Talk about class warfare, Sinse when did America become one insted of all. Ted …again NOT one penny comes out of your pocket and again your sounding like it’s all coming out of your pocket. If I made over 250 K per year I would have no problem paying a little more to help fix this deficit, cuts are coming to but think about it, how bad doe’s it hurt someone making that kind of money, they are Not going to starve tonite are they, we are the richest Nation in the World millionares can afford a little more. I know I paid a higher percentage rate than Romney did 25 % to his 13.9 % i had to work for mine all he did for his is wait for his check in the mail.
Stop being so stingey Ted, This will not hurt then one bit,and after the elecion America chose the Dems, plan…NOT Romneys !!
We are the poorest nation in the world, $16T under water. The guy pushing the grocery cart down the street , with a net worth of zero, is way ahead of a very large percentage of Americans who owe money to someone else. A credit card can do wonders for perception. A lot of people them that shouldn’t have them, and responsible people end up eating their debt when they file bankruptcy and walk away. They should be jailed or work it off, not bailed out! Ever read the bankruptcy page in the paper? It makes me sick.
Yes, but the blame lies with those banks who make the bad bets…right !!
and of course the idiots that do that. I have seen some pretty shady crap go on with those bankruptsy dealings….and NOT just the individuals,but big Corparations that take advantage of our Laws.
Looks like too many people are suffering from that near term memory lose that strikes those who are incapable of understanding why we are in the mess we are in today. I would suggest that everyone read a very good short description of what has happend to our fiscal life in the U.S. before they continue to demonstrate how really weak they are at remembering the facts. Enjoy! If you don’t understand some of the words or concepts, don’t be afraid to ask questions.
http://en.wikipedia.org/wiki/Subprime_mortgage_crisis
It’s actully called a case of R O M N E S I A !!
I won’t play the ROMNESIA game because it is just an imflamatory comment. My position is that people do not read things so they have little idea about what has happened or will happen. Kind of like how they came by their mis-understanding of the PPACA as well as the housing crisis and the “fiscal cliff”. Why should we bother to do our own research when we have decided that others can think better than we do!
Brian seems to forget that Newt wasn’t in office, when Fannie paid him AS A CONSULTANT. But, Leftist memories are heavily biased.
BTW, is “Slick Willie” also a hypocrite (on this issue)?
My Romnesia comments come from rightwingers nuss,juice,Denny, as i have pleaded with them to stop the game, but they refused to even consider…so as i told nuss, game on …Not atking there BS from Fox liars NO more. and i reached out several times…
Did Newt give his money back…and yes about Bubba,
Seeing the same commeents over and over, almost word for word, makes me feel that I am watching a modern political version of “Rainman”.
Thought for the day….
Reaganomics: Build a billion dollar company in your parent’s garage at age 26.
Obamanomics: Live in your parent’s garage till your 26.
Interesting, isn’t it, that these Leftist hate-mongers continue to accuse others of what they, themselves, are doing. I believe the psychological term is “projection”.
I urge you of the Left to seek out your local mental health professionals for assistance, as you certainly need immediate and intensive therapy.
Go hangout with the NAZIs at Fox news…you can tell each other lies all day and make it up as you go. Just like Romney,Lintball,Fox,Hannity,O’rielly, Rove and all your other Nazi friends….get some help ..you need it
Brian continues to prove my point, with every vile comment that he spews. Keep it up!
No,nuss nobody uses my name in comparison to a flippin Nazi..nobody, its sick nuss and your going to far…either apologize or dont bother with me again. really nobody calls me that ever Dude…its one thing to be arguing issues, its another to compare me to a mass Murderer..
To far !!
Ted, your lapdog is way out of line again. I don’t understand why you allow this kind of crap on your site. You complain when people take exception to your posts and point out errors you might make. However, you have no problem letting other people call some of your posters vile and mean spirited names and equate them to nazis and war criminals. All I can say is I hope you never turn your back on those types of “supporters”.
Thanks JRM, He has called my Parents Parasites and i should have stopped him there. We all know their is a line you shouldn’t cross and going there definitly crossed it for me….he’s sick with hate!!
Ted, given that you label it a “personal attack” when I point out your errors, then why do you consider these, which actually are personal attacks, acceptable?
from someone calling others NAZI’s? cry me a river. I have German heritige. They made America what is used to be until all the goldiggers started multiplying.
JRM, these guys are calling each other names. I don’t have the time to delete every comment. Last week I was deleting 100 to 150 spams a day when the blog filter wasn’t working.
I think all of us should get back to the issue of the post and both sides should stop calling each other names. This post has 69 comments: I can’t delete them all on 755 posts I’ve written over ythe last 2.5 years. I have to spend some time writing the posts. Many bloggers don’t respond at all to comments. If this keeps up I will do the same.
I may just start writing about the local issues, on which I have spent 20 years of my life. There is only about 6 or 7 people fighting here. I write about national stuff because it interests me, but if this is what happens, then I’ll stick to the local stuff which the editor prints in the local paper and just forget about this stuff and you all can go back and argue with Pat!
Please lets keep it clean and “can’t we all just get along.”
The post was about Obama campaigning rather than compromising with anyone. He thinks he is the ruler, the king and we are all his subjects – that is what the post is about, not Nazi’s!
Fact is juice my Nazi comment was from DEFENDING myself from being called a pretty despicable comparison, and for the record Ted, I only respond when i’m provoked into the gutter. I don’t start there, but we do end up there all the time. There is a line to cross and if you don’t call somebody out when they do Ted nobody will respect your forum…nuss has always said nasty things before Ted but he went to far, Would you let me say those kinds of things about you…of course not !! futher it dosen’t belong in any argument
Ted, this is your blog, but if your allowing this kind of lowballing then I can argue my opinions somewhere else…thats your choice, I would prefer you stand up to this guy and say No !! you can’t say that stuff.
Of course, Brian doesn’t seem to mind being associated with a communist sympathizer, Saul Aylinski.
FYI, the Communists killed a lot more innocent people than were killed by NAZIs.
On a related subject, see the results of Obamunism:
Denny’s to charge 5% ‘Obamacare surcharge’ and cut employee hours to deal with cost of legislation
Read more: http://www.dailymail.co.uk/news/article-2233221/Dennys-charge-5-Obamacare-surcharge-cut-employee-hours-deal-cost-legislation.html#ixzz2CKmMGY8L
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Oh gosh, there’s that little 3rd grade girl playing the playground thug calling people nazis and communists again. Isn’t he/she cute?
When somebody calls you a Nazi there is only one way to respond really, and that is to crawl into the gutter with them and come out swinging. But i’m not going to do that, i’m taking the high road and will not engage this nut case anymore.
I asked Ted to check this guy and by his silence i guess that means no. One thing though Ted, if your going to allow this kind of hatred towards others its only a matter of time and it will be just you and him left Ted, He will run everybody off this site just as your allowing him to do to me !! If somebody called your views this way i would slam the door on them no matter what side your on.
Frankly its a sad day in America when no matter how hard you try to bring this Country together there is going to be some folks out there that just have hate in their Hearts for others and will do anything to destroy us.
Ted, I thought you were a stand-up guy and having worked with you at the circle S and shared a smoke outside with you a time or two and i just can’t beleive you would let this guy say this crap on your Blog…It’s been fun arguing my points with you but for me it’s time to move on.
As i said before nussifer don’t bother posting on anything I write …anywhere anytime anyplace….ever !! Thanks Ted
Poor baby………..
“Sure, politics ain’t bean-bag. ‘Tis a man’s game, an’ women, childer, cripples an’ prohybitionists ‘d do well to keep out iv it.”–Mr. Dooley, an Irish-American character created by writer Finley Peter Dunne
I would be very grateful if you went back to the local stuff. I’d participate in those discussions, but generally I avoid commenting on your posts on national stuff to avoid the trolls.
“Please lets keep it clean and ‘can’t we all just get along.’”
Lead by example, Ted. Stop calling people names. Stop dividing everything into liberals versus conservatives. Stop posting lies and pretending it’s a “personal attack” when people point out your lies. Instead, try posting thoughtful, accurate pieces that examine an issue from a neutral viewpoint.
So long as you continue to lower the bar for behavior, any plea for civility will ring hollow.
One thing that Republicans MUST insist upon is that THE SPENDING CUTS COME FIRST!
The Democrat party has a reputation for failing to follow through on their promises. Both Ronald Reagan and George Bush #41 allowed tax increases when the (lying) Democrats promised they would also cut spending. Instead, they INCREASED spending. I see no reason to believe that the character of the Obama regime is any different.