Barack Obama, our next President

Full story: Hampton Roads Daily Press

"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 ...
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766,801 - 766,820 of 1,101,682 Comments Last updated 9 min ago
sonicfilter

Indianapolis, IN

#830837 Dec 30, 2012
carol wrote:
<quoted text>
Okay, time to set the record straight once and for all.
When most people hear the words,“tax hike”, they naturally assume you mean raising income taxes. But tax rates dropped dramatically across-the-board during Reagan’s tenure.
Not only did the top individual income tax rate go from 70 to 28 percent but the tax code was also indexed for inflation.
Tax increases are not created equal. Some are much worse than others. Many of Reagan’s so-called “tax increases” were actually examples of ending deductions.
One of the tax increases Reagan signed - the Highway Revenue Act of 1982 - was a temporary increase in the federal gas tax from 4 to 9 cents. Another was a cigarette tax - Consolidated Omnibus Budget Reconciliation Act of 1985. These are real tax increases but should not be confused with the income tax.
Criticism from free marketers on the right was his raising the capital gains tax rate as well as the corporate rate — Tax Reform Act of 1986. These were real tax increases and, in some cases,“regressive” taxation, but they pale in comparison to the scale of the income tax cuts that defined the Reagan era.
Congressional Democrats promised Reagan, "We’ll cut spending if you raise taxes.”
Reagan was offered such a deal in 1982. It’s the reason he reluctantly agreed to the largest tax increase of his presidency - the Tax Equity and Fiscal Responsibility Act of 1982.
The Democratic Congress then promptly proceeded to ignore the planned spending cuts.
Of course.
think you can apply that reasoning to raising taxes 11 times?

Reagan cut taxes when he could. Raised them when he had to. Why today should be any different defies logic.

and if Reagan gets a pass for what happened during his watch then so does Obama.

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Since: Dec 12

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#830838 Dec 30, 2012
Yeah wrote:
<quoted text>Why?
Because it appears to be something you want to do but can't.

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Since: Nov 09

Pharr, TX

#830839 Dec 30, 2012
DBWriter wrote:
<quoted text>
I believe you are correct. The Democrats have no intention of maintaining a solvent government. They are well aware that it is impossible to pay for Obama's government. There is not enough income to be taxed to pay for it, and they are well aware of this. The collapse of our govenment is a certainty.
They intend to use that situation they created for justification of the government taking control of everything....
Thus, beginning a civil war.
That is their intent. They are Marxist. Revolution is their credo. That's the goal of everything they are doing. If you read Saul Alinsky, you can predict everything they do.
There was a solvent government in 2000, that's when you air head right-wingers turned it over to an idiot. He de-regulated the banks, started an unprovoked and unpaid for war which sent the economy into the toilet. Under adult leadership since 2008 we are slowly climbing out of the sewer, even with an obstructionist Republican house whose primary, and admitted, goal is to destroy the leadership of our country.
You're living in FOX's fantasy world.

“I'm here with bells on.”

Since: Jul 12

Location hidden

#830840 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>Right, everything is privately owned in a Society based on Capitalism, in which there wouldn't be Public Schools, Libraries, & Highways. Private Schools, Subscription Libraries, & Highways owned by private individuals, just like the Railroads started out being owned & controlled by Private Individuals, would be a massive improvement.
Well, as pure Capitalists , we all deserve the services we can afford, yeah?

Not.
Curious

Jamestown, NY

#830841 Dec 30, 2012
carol wrote:
<quoted text>
DBWriter will probably have a better answer.
But picture a semi compared to an ant.
That's how big the deficit is. Try and imagine the number of ants it would take to equal the size of the semi.
Our grandchildren's grandchildren's grandchildren will still be paying off this debt if we don't start slashing it now.
The thing is, I would really like a link to statistics to confirm This.

I don't really care about ant farms or trucks, I'm more interested in America.

Thanks though

Since: Dec 12

Location hidden

#830842 Dec 30, 2012
sonicfilter wrote:
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.
Carol must be thrilled to see these moves towards compromise, especially the SS cuts.

Since: Dec 12

Location hidden

#830843 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>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...
The author's no economist but her article still says nothing to undermine my argument or to support whatever the he11 your "argument" is. It even goes so far as to say:

"Befor­e the Industrial Revolution in the 1800s, countries like Britain and the United States had true capitalist economies"

What exactly is your point?
Yeah

Mililani, HI

#830844 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
Because it appears to be something you want to do but can't.
Interesting how you're now avoiding your previous position on the Constitution and capitalism but instead, rely on your personal opinions again.

Since: Dec 12

Location hidden

#830845 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>you sure do need a lesson on Capitalism.
You got your lesson from an English major and it shows.

Go ahead, look up the HowTo article's author's credentials.

“I'm here with bells on.”

Since: Jul 12

Location hidden

#830846 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
Carol must be thrilled to see these moves towards compromise, especially the SS cuts.
Well I don't know about carol, but MY favorites are the cuts to education and firefighters.

Takers suck, and stuff.

;)
carol

Orlando, FL

#830847 Dec 30, 2012
Curious wrote:
<quoted text>
The thing is, I would really like a link to statistics to confirm This.
I don't really care about ant farms or trucks, I'm more interested in America.
Thanks though
I just figured since you couldn't grasp your head around $16 trillion, it would be easier to simplify it. No offense.

But maybe this will help from the Wall Street Journal:

A tax policy that confiscated 100% of the taxable income of everyone in America earning over $500,000 in 2006 would only have given Congress an extra $1.3 trillion in revenue. That's less than half the 2006 federal budget of $2.7 trillion and looks tiny compared to the more than $4 trillion Congress will spend in fiscal 2010. Even taking every taxable "dime" of everyone earning more than $75,000 in 2006 would have barely yielded enough to cover that $4 trillion.

http://online.wsj.com/article/SB1235615510653...

Keep in mind this is from 3 years ago. The deficit has increased by a few trillion since then.

Since: Dec 12

Location hidden

#830848 Dec 30, 2012
carol wrote:
<quoted text>
If finding less in your paycheck - no matter how much you earn - because more will be taken out for federal income tax and SS tax is what you call restoring...
...yimminy cricket...
Can't stand paying for all the cr ap you demanded. What a shrew!
carol

Orlando, FL

#830849 Dec 30, 2012
OldRaider wrote:
<quoted text>
There was a solvent government in 2000, that's when you air head right-wingers turned it over to an idiot. He de-regulated the banks, started an unprovoked and unpaid for war which sent the economy into the toilet. Under adult leadership since 2008 we are slowly climbing out of the sewer, even with an obstructionist Republican house whose primary, and admitted, goal is to destroy the leadership of our country.
You're living in FOX's fantasy world.
Who controlled the purse strings for six years prior to 2000?

How come you guys never think of that?
carol

Orlando, FL

#830851 Dec 30, 2012
Curious wrote:
<quoted text>
The thing is, I would really like a link to statistics to confirm This.
I don't really care about ant farms or trucks, I'm more interested in America.
Thanks though
I should have included the next part in the WSJ article from three years ago.

"Fast forward to this year (and 2010) when the Wall Street meltdown and recession are going to mean far few taxpayers earning more than $500,000. Profits are plunging, businesses are cutting or eliminating dividends, hedge funds are rolling up, and, most of all, capital nationwide is on strike. Raising taxes now will thus yield far less revenue than it would have in 2006."

http://online.wsj.com/article/SB1235615510653...

You still come up with taxing the 2% is an illusion.
carol

Orlando, FL

#830852 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
Can't stand paying for all the cr ap you demanded. What a shrew!
Tenzing, is that you? You don't have a death wish now, do you?

What crap did I demand? Or, rather, conservatives demand that liberals didn't demand more of?

“I'm here with bells on.”

Since: Jul 12

Location hidden

#830854 Dec 30, 2012
Curious wrote:
<quoted text>
The thing is, I would really like a link to statistics to confirm This.
I don't really care about ant farms or trucks, I'm more interested in America.
Thanks though
Carol believes we're either ants or grasshoppers. From what I've gathered, she's an ant, and everyone else is a grasshopper.

Personally, I tend to liken myself more to a firefly,
but that's just me.

:)

Since: Dec 12

Location hidden

#830855 Dec 30, 2012
Yeah wrote:
<quoted text>lol! Here's what you said son...
"I can tell you why, the Constitution defines the government and does not dictate a particular economic system but capitalism is heavily implied. Can you think of any other economic system that is compatible with the Constitution? I can't."
There was NO question. Just a statement on your part. An incorrect one, I might add.
I know what I said and neither you nor Anonymous have refuted it. Nowhere in the Constitution will you find authority granted to the government to control the means of production save the post office and post roads and in that it does not even grant exclusive authority.

“I'm here with bells on.”

Since: Jul 12

Location hidden

#830856 Dec 30, 2012
carol wrote:
<quoted text>
I should have included the next part in the WSJ article from three years ago.
"Fast forward to this year (and 2010) when the Wall Street meltdown and recession are going to mean far few taxpayers earning more than $500,000. Profits are plunging, businesses are cutting or eliminating dividends, hedge funds are rolling up, and, most of all, capital nationwide is on strike. Raising taxes now will thus yield far less revenue than it would have in 2006."
http://online.wsj.com/article/SB1235615510653...
You still come up with taxing the 2% is an illusion.
What you 'should have included,' carol, is 30 minutes of A. A. Milne.

Lincoln

United States

#830858 Dec 30, 2012
Republican House gets the blame for taxing 98 percent of Americans on Jan 1.

Added to reputation for nominating two Senate Rape candidates.
sonicfilter

Indianapolis, IN

#830859 Dec 30, 2012
The worst year in Washington: The tea party

The Gadsden flag, which flew proudly over the 2010 midterm elections, now lies in tatters — rent by internal disagreements, losses among its most visible standard-bearers and a growing sense that the tea party movement, which once looked like it could transform American politics, will soon be nothing more than a blip in the country’s collective memory.

The movement’s journey from boom to bust is the story of American politics writ large. The tea party’s ups and downs (in 2012, mostly downs) highlight some of the key forces shaping today’s battles — from the fissures that threaten to destroy the Republican Party to the perils of a leaderless or multi-leader effort to the difference between proving a point and winning.

http://www.washingtonpost.com/opinions/the-wo...

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