Barack Obama, our next President

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ... Full Story

Since: Aug 11

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#830789 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
You want to bring the Tyrant Lincoln into a discussion on the constitutionality of a thing?
I know it and the Republican Party is the Party of Lincoln.

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Since: Dec 12

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#830790 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>Commerce Clause(Clause 3 of Article 1 Section 8) was the basis & justification for Sherman Anti Trust Act which goes against Capitalism just look at what the Federal Government did to John D Rockefeller Sr & Standard Oil).
Interpretations are interpretations.

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Ironically

San Jose, CA

#830791 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>Commerce Clause(Clause 3 of Article 1 Section 8) was the basis & justification for Sherman Anti Trust Act which goes against Capitalism just look at what the Federal Government did to John D Rockefeller Sr & Standard Oil).
Ironically, roughly 100 years later America finds itself in basically the same mess it was in Rockefeller's time.

Since: Aug 11

Location hidden

#830792 Dec 30, 2012
Ironically wrote:
<quoted text>
Ironically, roughly 100 years later America finds itself in basically the same mess it was in Rockefeller's time.
yeap and the Federal Government went after Bill Gates too over Microsoft because the Federal Government said that Bill Gates was operating like a capitalistic monoply.

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Since: Aug 11

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#830793 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
Interpretations are interpretations.
here is another example of the interpretation & implementation of Socialism dealing with the Commerce Clause and and what the Democrats did in 1944 after the SCOTUS issued its ruling in United States v. South-Eastern Underwriters Association since the Democrats didnt like the direction Socialism was taking after the SCOTUS ruled that the US Federal Government could regulate insurance companies(Including Health Insurance) under the authority of the Commerce Clause in the U.S. Constitution. So the Democrats in Congress passed and FDR Signed into Law the McCarran–Ferguson Act which provides that federal anti-trust laws will not apply to the "business of insurance" as long as the state regulates in that area, but federal anti-trust laws will apply in cases of boycott, coercion, and intimidation. By contrast, most other federal laws will not apply to insurance whether the states regulate in that area or not.

McCarran–Ferguson Act

http://en.wikipedia.org/wiki/McCarran%E2%80%9...

United States v. South-Eastern Underwriters Association

http://en.wikipedia.org/wiki/United_States_v....

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sonicfilter

Indianapolis, IN

#830794 Dec 30, 2012
Book review: The Betrayal of the American Dream

"Because they conduct business around the world and move money in and out of tax havens and other countries to secure the lowest possible rate, many [U.S. multinational corporations] stash their cash offshore rather than bring it home, where they would be obliged to pay taxes on it.

They will bring it back only if Washington will agree to a tax holiday.[...] If you want to understand the differences between you and the ruling class, try that ploy with the IRS someday. Just tell them if they don't lower your tax rate you are going to move your money to another country."

http://www.dailykos.com/story/2012/12/30/1174...

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sonicfilter

Indianapolis, IN

#830796 Dec 30, 2012
Why the Economy Needs Tax Reform

The main problem is that the current tax code is incapable of raising the revenue needed to pay for the goods and services of government. Over the last four years, federal revenue as a share of the economy has fallen to its lowest level in nearly 60 years, a result of the recession, the weak recovery and a decade’s worth of serial tax cuts. Even with deep spending cuts, the chronic revenue shortfall is expected to continue, swelling the federal debt — unless taxes go up. To stabilize the debt over the next 10 years while financing more investment would require at least $1.5 trillion to $2 trillion in new revenue, above what could be raised by letting the top income tax rate revert to its pre-Bush-era level of 39.6 percent.

A logical way to help raise the additional needed revenue would be to tax capital gains at the same rates as ordinary income. Capital gains on assets held for more than a year before selling are taxed at about the lowest rate in the code, currently 15 percent and expected to rise to 20 percent in 2013. That is an indefensible giveaway to the richest Americans.

http://www.nytimes.com/2012/12/30/opinion/sun...

it's not a political question anymore. the Bush tax cuts did not produce as advertised.

2001 guess.....

The Economic Impact of President Bush's Tax Relief Plan

Significantly increase economic growth.

Create more job opportunities.

Substantially increase family income.

Effectively pay off the federal debt.

http://origin.heritage.org/research/reports/2...

fail.

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Yeah

Mililani, HI

#830797 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
Oh, so you can't.
Figures.
All mouth and no music.
lol! Why son? You can't prove you're right.

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Yeah

Mililani, HI

#830798 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
Can't drive you but I didn't say capitalism grew out of the Constitution but that it was the only economic system I could think of that fit within the constraints of the Constitution and I invited anyone to prove me wrong.
Why?

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PDUPONT

Chicopee, MA

#830799 Dec 30, 2012
killtaker wrote:
<quoted text>
Stick this up your a$$ and smoke it...
“I believe in the Second Amendment. I will not take your shotgun away. I will not take your rifle away. I won’t take your handgun away… But I am not going to take your guns away. So if you want to find an excuse not to vote for me, don’t use that one because it just ain’t true. It ain’t true.”
Barak Obama in 2008
And he didn't imbecile, so what's you're point?

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Since: Dec 12

Location hidden

#830800 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>here is another example of the interpretation & implementation of Socialism dealing with the Commerce Clause and and what the Democrats did in 1944 after the SCOTUS issued its ruling in United States v. South-Eastern Underwriters Association since the Democrats didnt like the direction Socialism was taking after the SCOTUS ruled that the US Federal Government could regulate insurance companies(Including Health Insurance) under the authority of the Commerce Clause in the U.S. Constitution. So the Democrats in Congress passed and FDR Signed into Law the McCarran–Ferguson Act which provides that federal anti-trust laws will not apply to the "business of insurance" as long as the state regulates in that area, but federal anti-trust laws will apply in cases of boycott, coercion, and intimidation. By contrast, most other federal laws will not apply to insurance whether the states regulate in that area or not.
McCarran–Ferguson Act
http://en.wikipedia.org/wiki/McCarran%E2%80%9...
United States v. South-Eastern Underwriters Association
http://en.wikipedia.org/wiki/United_States_v....
You're a nut, the question was how the Constitution precluded capitalism.

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“Constitutionalis t”

Since: Dec 10

Conroe, TX

#830801 Dec 30, 2012
Lincoln wrote:
<quoted text>
taxes
Where will the money come from to pay for Obama's government?

Taxes.

Who will pay these taxes?

If you taxed the top 10 percent at 100 percent and made them destitute, you still wouldn't have enough money to pay for Obama's government. So...

Where will the money come from to pay for Obama's government?

So far, nobody in the world has been able to answer this question. Anybody here got an answer?

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carol

Orlando, FL

#830802 Dec 30, 2012
Guess we'll know soon if the Senate Democrats and President Obama are willing to compromise to keep us all from paying more in taxes next year.

It was Treasury Secretary, Tim Geithner, after all, who said the Obama administration was prepared to dive off the fiscal cliff if Republicans don't agree to give them everything they want.

Is this the new and improved kind of leadership the majority wanted - castrating the military and creating another recession?

Somebody on the left help me out here.

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Yeah

Mililani, HI

#830803 Dec 30, 2012
shinningelectr0n wrote:
<quoted text>
In his question "Where are you going to get the money from to pay for Obama's government?", the emphasis is on "Obama's government".
We already know that government's rely on tax revenue to function but this government - the Boy Messiah government - has so far relied on deficit spending and Chinese Buying of our debt. That's not enough for him because he wants to keep on deficit-spending PLUS tax those Evil Wealthy for even more.
No one here has yet answered the question with anything more specific than your silly "From EVERYBODY.".
Maybe the Boy Messiah should borrow more Chinese money to purchase Lottery Tickets with. PowerBall anyone?
Actually son, the Chinese were buying out debt before Obama ever reached the WH.

I guess you're asking how we're going to pay for the inherited debt from bushie.

Well, we know bushie doesn't have to answer.

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PDUPONT

Chicopee, MA

#830804 Dec 30, 2012
shinningelectr0n wrote:
<quoted text>
In his question "Where are you going to get the money from to pay for Obama's government?", the emphasis is on "Obama's government".
We already know that government's rely on tax revenue to function but this government - the Boy Messiah government - has so far relied on deficit spending and Chinese Buying of our debt. That's not enough for him because he wants to keep on deficit-spending PLUS tax those Evil Wealthy for even more.
No one here has yet answered the question with anything more specific than your silly "From EVERYBODY.".
Maybe the Boy Messiah should borrow more Chinese money to purchase Lottery Tickets with. PowerBall anyone?
Hey Stupid! Where do you think that Bush got the money for his wars that we're still paying for?
You're an idiot!

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carol

Orlando, FL

#830805 Dec 30, 2012
sonicfilter wrote:
Why the Economy Needs Tax Reform
The main problem is that the current tax code is incapable of raising the revenue needed to pay for the goods and services of government. Over the last four years, federal revenue as a share of the economy has fallen to its lowest level in nearly 60 years, a result of the recession, the weak recovery and a decade’s worth of serial tax cuts. Even with deep spending cuts, the chronic revenue shortfall is expected to continue, swelling the federal debt — unless taxes go up. To stabilize the debt over the next 10 years while financing more investment would require at least $1.5 trillion to $2 trillion in new revenue, above what could be raised by letting the top income tax rate revert to its pre-Bush-era level of 39.6 percent.
A logical way to help raise the additional needed revenue would be to tax capital gains at the same rates as ordinary income. Capital gains on assets held for more than a year before selling are taxed at about the lowest rate in the code, currently 15 percent and expected to rise to 20 percent in 2013. That is an indefensible giveaway to the richest Americans.
http://www.nytimes.com/2012/12/30/opinion/sun...
it's not a political question anymore. the Bush tax cuts did not produce as advertised.
2001 guess.....
The Economic Impact of President Bush's Tax Relief Plan
Significantly increase economic growth.
Create more job opportunities.
Substantially increase family income.
Effectively pay off the federal debt.
http://origin.heritage.org/research/reports/2...
fail.
Since when have Democrats been in favor of tax reform? Increasing taxes on a few to pay for 7 days of government spending - of which this administration wants to do more of - isn't tax reform.

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sonicfilter

Indianapolis, IN

#830806 Dec 30, 2012
In his first Sunday show interview since his reelection, President Barack Obama admonished congressional Republicans for their unwillingness to compromise over debt-reduction and implored the media to cast aside its pox-on-both-your-houses coverage.

With the deadline to negotiations over the so-called fiscal cliff looming in the backdrop, the president took to "Meet the Press" to defend his efforts to try and find common ground. He noted that he had moved off his initial demands for revenue (once $1.6 trillion, now $1.2 trillion), agreed to entitlement reforms (reduced Social Security benefits) and already passed hefty spending cuts ($1 trillion as part of the Budget Control Act in 2011). And for that, he added, he was still waiting for Republicans to get closer to half-way.

“We have been talking to the Republicans ever since the election was over. They have had trouble saying yes to a number of repeated offers,” said the president, according to an advance transcript of the interview. He would add, later:“[S]o far, at least, Congress has not been able to get this stuff done. Not because Democrats in Congress don't want to go ahead and cooperate, but because I think it's been very hard for Speaker Boehner and Republican Leader McConnell to accept the fact that taxes on the wealthiest Americans should go up a little bit, as part of an overall deficit reduction package.”

The president's tone was tougher than usual. In the past, he’s been hesitant to directly rebuke congressional Republicans, choosing instead to attack the legislative body as a whole.

But the last few weeks of negotiations have clearly frustrated both him and his staff. White House aides were particularly piqued at Speaker John Boehner (R-Ohio) for shelving negotiations over a larger fiscal cliff deal in pursuit of a tax-rate-only option. That ended the legislative progress in the House and forced the Senate to pick up talks. With just days before tax rates rise on all income rates and $1 trillion in decade-long spending cuts go into effect, Senate leaders met on Saturday to find a way through the impasse.

http://www.huffingtonpost.com/2012/12/30/pres...

before you have a cow.....

The Rasmussen Reports daily Presidential Tracking Poll for Sunday shows that 57% of Likely U.S. Voters at least somewhat approve of President Obama's job performance. Forty-two percent (42%) at least somewhat disapprove

http://www.rasmussenreports.com/public_conten...

i wonder how high it'll go after that interview? i'll let ya know.

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sonicfilter

Indianapolis, IN

#830807 Dec 30, 2012
Yeah wrote:
<quoted text>Actually son, the Chinese were buying out debt before Obama ever reached the WH.
I guess you're asking how we're going to pay for the inherited debt from bushie.
Well, we know bushie doesn't have to answer.
2002.

Reagan just raised taxes.

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Since: Aug 11

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#830808 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
You're a nut, the question was how the Constitution precluded capitalism.
no, you the nut and do know nothing of what Capitalism is or what Private Ownership is Captialism is, he again

In this article, you'll explore capitalism: its roots, principles and effects, benefits and shortcomings. We'll find out how capitalism compares to the alternative method of doing business. Incidentally, the United States doesn't actually practice capitalism. No one does these days.

Real Capitalism: The Idea

Befor­e the Industrial Revolution in the 1800s, countries like Britain and the United States had true capitalist economies. With industrialization, though, came sweat shops, social protest and resulting government intervention in the form of fair labor laws. That's when real capitalism ended.

Today, the economies of nations that are typically referred to as capitalist are in fact mixed economies -- they incorporate certain aspects of capitalism and certain aspects of planed economies. In pure capitalism, things like child labor laws, Social Security, anti-discriminatory hiring practices and a minimum wage have no place. Capitalism rejects all government intervention in economic matters.

http://money.howstuffworks.com/capitalism1.ht...

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Yeah

Mililani, HI

#830809 Dec 30, 2012
shinningelectr0n wrote:
<quoted text>
So the topic you respond to deals with the obfuscation and deception of Liberals and you take us across the Atlantic to a British news scandal?
Like I said above: obfuscation and deception of Liberals.
lol! Actually son, I simply stated facts.

You're drinking the fart news concoction of political confusion. After all, Rebekkah Brooks is still charged and News of the World is still out of business.

All you've offered is your opinion, son!

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