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Ball is in Obama's court now. Time to prove he actually is sincere about "compromise and balance". Obama needs to give the Republicans at least 40% of what they want. Save the phony cuts too like counting the end of the Iraq war as a cut.
Sure, cut Medicare eligibility in exchange for some tax hikes...no way. How about bargaining for the price of pharmaceuticals the way Blue Cross and other insurers do? Then talk about changing eligibility. As for re-writing the tax code, just call that the "unlimited contributions from lobbyists and PACs" bill. Imagine the new tax breaks that the Romneys of the world will get written into the tax code.
"Obama needs to give the Republicans at least 40% of what they want. Save the phony cuts too like counting the end of the Iraq war as a cut."
Ending the Iraq war saved us billions. If it were up to Republicans we'd still be wasting money on that trillion dollar folly. The phony part was the lies that got us into that mess. Not to mention the way Republicans refused to include war spending in budgets, cut taxes on the rich, let their Wall Street crony's gamble with Americans retirement funds and crashed the world economy with their fraud. This is how they took us from surplus to racking up trillions in deficits. Really, it's all part of the plan when you're goal is "shrink government down to the size where you can drown it in a bathtub." Now they can say, oh we have to cut your social security, nevermind the fact you paid in every day of your working life, and the program was solvent before the politicians looted it. Cut the bloated military, and leave Social Security alone.
I love how the Republican ticket just spent a campaign accusing Obama of cutting $716B from Medicare, even though the Ryan budget counted on the exact same cost savings. Then they turn around and demand massive cuts to Medicare in exchange for higher tax rates on the top brackets. It's as if they don't think we can remember what they said last month.
The article mentions a lack of support among some Senate Democrats for taxing investment income at ordinary rates. I want names. Which Senators think income from work should be taxed at twice the rate of income from wealth?
Time for the DEMs to put up and trade REAL cuts for an increase in the rates at 1MM plus in income. No more talk about only cutting defense. Health & Human services and the DC bureaucracy needs to be cut too.
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