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"— Democrats, Republicans and independents — agreed with a balanced approach" So where is the balanced approach. The Republicans have agreed to raise revenue. Obama has not agreed to any real cuts and wants the power to raise the debt limit without Congress approval. There is no doubt Obama is the one driving the bus over the cliff.
If the reps agree to raise taxes on those over250k, what are the dems going to agree to in terms of spending cuts ( more than just he military).
The President needs to step up and get things done. We have had enough of the "2% soap opera". Increased taxes on the rich AND cuts.
The Greedy Obstructionist Party will be HISTORY after the next election. I hope they don't expect any unemployment "entitlements" since they are against them!
The President needs to step up and get things done. We have had enough of the "2% soap opera". Increased taxes on the rich AND cuts. ============================================ That IS what he is proposing. Pay attention and turn off Faux News and you might see that the article is correct and we are being held hostage by the GOP. Again.
Iky, what would you cut you revived your tax increase on this over $250?
There should be no deal on any tax increases until the community leader gets specific regarding what entitlements are going to be cut and when! Reagan agreed to tax increases along with the promise of democratic cuts to entitlements. The taxes went up and the dems reneged on any entitlement cuts. Never again! Make the dems and their almighty leader define what cuts and when! No tax increases without corresponding entitlement reductions!
The only party holding anyone hostage is the Democrats. They are the only party demanding unequal treatment of americans. They are the one's demanding that those evil successful people be punished. And, it they are not punished, everyone gets a tax increase.
Obama, it is YOUR Math that does not work. First, increasing taxes on Business owners will result in layoffs. And, you claim this is a deficit cutting measure, yet, it does NOTHING to cut the deficits since you already have plans to spend more money than the tax increases would theoretically would bring in. Why theoretically? Because when you increase taxes, the economy slows and less revenue is brought in. It happens almost every time.
The current agreed to plan of Expiring the Bush Tax cuts and automatic spending cuts is the best deal to start to fix our problem. Its called "fiscal Cliff"?? Why? It should be called the RIGHT direction! According to the CBO it will reduce our 2013 deficit by $540B. The next problem is we are still $960B over budget!
Both the Dem and Repub plans do not fix our debt issues, Again they kick the can down the road for self preservation political reasons. Their plans plan on being 1.4+ Trillion over budget for the next 10 years. They are not fixing the problem. There is no easy/slow/magical way to fix our problem. Its "balanced " approach allright, increased revenue and massive spending decreases.
If you $160K in debt and you were over spending your household budget by $15K per year. Increasing your revenue and cutting your spending $1000 per year still leaves you $14K over budget each year! you cannot spend your way out of Debt!
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