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Thank you Mr. Boehner and Mr. Obama
Compromise, that's all we were looking for. Someone is going to have to pay this debt and we should all share in it.
It is about time they had a "pragmatic" discussion without all of the media drama. Put us on a plan to balance the budget in 8-10 years. Anything less is a failure.
This was predictable. I'm just surprised that Mr. Obama didn't cave completely. Higher effective taxes on the middle and lower classes along with some marginal change on some higher income individuals? Pushing more people off Medicad? That seems to be the rightwings price for a deal. I think we're better off going over the cliff (actually curve) letting rates rise on the individuals who have benefitted the most over the last 40 years, then cutting rates down for the middle and lower classes. Then we can talk about letting Medicare negotiate for lower drug prices and cutting military spending significantly along with corporate tax subsidies. The lower and middle classes have suffered enough at the expense of the well off. Lets not continue the debacle.
What the Left isn't telling you, is there isn't enough money to be collected from the rich to put a dent in this debt. So let's think about this...where are they going to get that cash? Most likely from that person you see every morning, when your brushing your teeth.
This is a HORRIBLE idea. If you remember, the democrats have promised cuts many times in the past and they NEVER come about. I say let the cliff occur. According to the CBO, while weakening the economy in the short term, it would make the country much stronger in 3-5 years!!! BUT, ALAS, congress sees the 2014 election as more important than the long term economic health of the nation!
Washington is a joke, plan b really? more like next boondoggle. Why cant we just go off the cliff and get some real cuts and new taxes? Is it so hard ? we have been bickering for 2 years about taxing the wealthy, 80 billion, when were running 1.3 trillion a year deficits. Enough raising the debt limit and enough spending.
Yes, yes lets all come together and look like we've done something. Go back and look at the numbers. This "agreement/deal" is a joke. The tax increase and reductions in increased spending won't ever cover the interest payments on our existing debt.
Lets see, who does this help... People in Congress, House & Senate. Wow. How surprising is that. I don't have a problem with the uber wealthy paying their fair share. We need to CUT SPENDING.
Both sides are compromising, that's good to see but as many others have pointed out it does little to reduce the debt. The big issues are the social programs...what to do about Medicare is the big issue. It looks like Obama is finally willing to make common sense changes (adjustments to inflation in SS payouts) but he should also be open to increasing the age of benefits. We should be reducing spending in nearly all federal programs which includes defense, welfare, SS, Medicare, Medicaid and discretionary spending. The only places we need to increase spending are in the areas of infrastructure like the electric grid, aircraft navigation systems and highways.
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