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As Geithner said, "GOP proposals demonstrate "political math, not real math."
As Warren Buffet said, “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”
The 99% are only going to allow this so long...
Obama is still campaigning. Can't this guy govern? How come he isn't leading the discussion? Raise taxes without a serious discussion of spending cuts? Won't happen. President Reagan tried this and no spending cuts were forcoming. They both have to be agreed to at the same time. Obviously Obama wants to continue to play Santa Claus and spend money we don't have rather than lead on the fiscal cliff. I give the chance of a serious deal being worked out as 50-50.
As Geithner said, "GOP proposals demonstrate "political math, not real math." *********** He should know political math, since that was Obama's offer.
Raise Taxes on the wealthiest - That is: "Political Math".
Econ 101 - create jobs = more revenue by employed taxes paid and less govt. paid to jobless + cut spending = 3x the route to balancing budget.
Democrats solution - raise taxes on wealthiest and continue spending. Welcome to another 4 yrs! BTW - the political gain of raising taxes on the wealthiest is the only gain here.
Walk away, GOP. It's a trap. Leave this mess for Obama to clean up.
Call the GOP bluff. I'll take the financial hit (I'm retired) just to get these morons out of the way. Enough is enough.
"a House GOP caucus that thinks all tax increases are job-killers." The fact is, countries with the three highest income tax rates other than Aruba are Sweden, Denmark and then the Netherlands. Unemployment rates are: 7.7, 7.8 and 5.5 percent, respectively. The US is 7.9 percent. We could run numbers on a lot more countries and get the same result. This shows that what drives employment rates is not at all correlated with income tax rates. And these facts take 5 minutes to look up on the internet. So why do GOP House members believe otherwise? It's because they choose to base their beliefs on political mythology rather than objective evidence. It's like someone believing that astrology crystals are going to cure an ailment rather than believing the prescribed medical treatment based on research. There is certainly room for political disagreement and debate--and it is good that there is--but denying the real world should not be an accepted one of them.
You can't compare Sweden, Denmark and the Netherlands to United States. Population of Sweden: 9.4MM, Denmark: 5.5MM, Netherlands: 16.6MM. We have more illegals in the U.S. than the population of Sweden
Has Timmy G.paid the IRS back yet? Cut,cut,cut! Until the party of Santa Claus stops buying votes there should be no discussion about stealing more from me to give to someone else!
The most outrageous part of the president's proposal is that he want's congress to relinquish it's powers to raise the debt limit and hand it over to the president. This is the same man in 2006 who said "raising America's debt limit is a sign of leadership failure". His cuts include $800 billion of "savings" from the Iraq and Afghan wars which was not going to occur anyways. Republicans need to come back and demand a passed balanced budget amendment where it takes a 3/4th majority to take on more debt. This would force obama/democrats to make the spending cuts that we need and republicans to realize revenue increases are needed. They are not going to make the difficult decisions unless they are forced to do so. That is the reason why the last 12 years we have had hundred billion and trillion dollar deficits.
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