$1.6 trillion in tax hikes coming soon. Blame Pelosi.

Posted in the Franklin Forum

Since: Dec 06

Indianapolis

#1 Dec 4, 2012
Democratic leaders are giving the cold shoulder to Republicans' counter-offer in fiscal crisis talks -- and perhaps nothing captures the ongoing wheel-spinning more than House Minority Leader Nancy Pelosi's plans for Tuesday afternoon.

Amid the deepening stalemate on the Hill over how to avert a wave of tax hikes and spending cuts starting next month, Pelosi is expected to push Tuesday for a vote on the Senate-passed bill that would extend current tax rates for middle-class families while letting rates rise for the top 2 percent. Republicans, who want to preserve the rates for everybody, have opposed this -- and Pelosi's effort is unlikely to succeed for several reasons.

Read more: http://www.foxnews.com/politics/2012/12/04/de...
Linda Bledsoe

Pittsburgh, PA

#2 Dec 4, 2012
There is no compromise from the dems on this. They are dedicated to their assault on high-income taxpayers. Fine. However, their refusal to implement spending cuts is a problem. Obama thinks they need to raise the debt ceiling, continue to overspend, and fund part of it by additional taxes on high-income taxpayers. I can understand the logic in higher taxes, but not without an executable plan to cut spending.

If a boat has a hole and you intend to make a repair, you first patch the hole. Cutting spending is the patch, not additional revenue. Additional revenue is to just having more people bailing water.

This really shouldn't be so difficult. Everybody will pay more tax with Obama in office. You can blame this on the GOP all you want, but at the end of the day this is Obama's regime and he is resopnsible for its ineptitude.
Joe

Indianapolis, IN

#3 Dec 4, 2012
Not total bullsh!t, but close.
You cannot fight two wars halfway around the world without going deeply in debt.
The war in Afghanistan began on October 7, 2001.
The war in Iraq started on March 20, 2003.
Bin Laden's stated goal was to bankrupt the United States as he did to the Soviet Union. He may not have won, but he's been enormously successful.
Bush promoted the lies about weapons of mass destruction, started a 100 billion dollar war, and found absolutely nothing resembling WMD. So when you want to point a finger, point it in the right direction.
nuffsaid

Indianapolis, IN

#4 Dec 4, 2012
A lib's mind:

**I want more stuff.
But I've maxed my cards.
Bingo!...I'll request a higher credit limit! That's always worked before!
Then I can buy more stuff!
Problem is...I'm broke. The card payments are already more than I bring in.
Bingo!...I'll refi my house and add to the principle. Then I'll take the extra cash and pay a few little cc bills.
And then buy myself some more stuff!
Problem Solved!!**
Linda Bledsoe

Pittsburgh, PA

#5 Dec 4, 2012
Joe wrote:
Not total bullsh!t, but close.
You cannot fight two wars halfway around the world without going deeply in debt.
The war in Afghanistan began on October 7, 2001.
The war in Iraq started on March 20, 2003.
Bin Laden's stated goal was to bankrupt the United States as he did to the Soviet Union. He may not have won, but he's been enormously successful.
Bush promoted the lies about weapons of mass destruction, started a 100 billion dollar war, and found absolutely nothing resembling WMD. So when you want to point a finger, point it in the right direction.
That addresses part of it for sure. However, Bush retired 4 years ago. He is no longer spending federal dollars. Obama is our President and has been since January 2009.

http://www.usnews.com/pubfiles/spendingchart....

Take a look at this chart and inform yourself before you make additional ignorant comments.
Joe

Indianapolis, IN

#6 Dec 4, 2012
Linda Bledsoe wrote:
<quoted text>
That addresses part of it for sure. However, Bush retired 4 years ago. He is no longer spending federal dollars. Obama is our President and has been since January 2009.
http://www.usnews.com/pubfiles/spendingchart....
If the Republicans wanted to stop the federal government from incurring this debt, they could have.
If the Democrats wanted to stop the federal government from incurring this debt, they could have.
They are both the blame.
The U.S. national debt has increased by more than 1.6 trillion dollars since the Republicans took control of the U.S. House of Representatives. So far, this Congress has added more to the national debt than the first 97 Congresses combined.
Barack Obama will become the first president to run deficits of more than a trillion dollars during each of his first four years in office.
The U.S. national debt is now more than 22 times larger than it was when Jimmy Carter became president. That's eight years of Reagan, four for old man Bush, eight for Clinton, eight for Bush Jr. and four for Obama. I see many more years of Republican presidency than I do Democratic.
Your desire to blame the president is misguided.
Linda Bledsoe wrote:
Take a look at this chart and inform yourself before you make additional ignorant comments.
Ignorant? Ha ha ha ha.....

Since: Dec 06

Indianapolis

#7 Dec 4, 2012
After four years, still blaming Bush. Bush is not spending from the federal check book now, Obama is.
Joe wrote:
Not total bullsh!t, but close.
You cannot fight two wars halfway around the world without going deeply in debt.
The war in Afghanistan began on October 7, 2001.
The war in Iraq started on March 20, 2003.
Bin Laden's stated goal was to bankrupt the United States as he did to the Soviet Union. He may not have won, but he's been enormously successful.
Bush promoted the lies about weapons of mass destruction, started a 100 billion dollar war, and found absolutely nothing resembling WMD. So when you want to point a finger, point it in the right direction.
Joe

Indianapolis, IN

#8 Dec 5, 2012
DavidM wrote:
After four years, still blaming Bush. Bush is not spending from the federal check book now, Obama is.
<quoted text>
Presidents make budgetary proposals. Check your republican house of representatives record.

Since: Dec 06

Indianapolis

#9 Dec 5, 2012
Bush is not President, Obama is. Hope you enjoy his new taxes and spending.
Joe wrote:
<quoted text>
Presidents make budgetary proposals. Check your republican house of representatives record.
Linda Bledsoe

Pittsburgh, PA

#10 Dec 5, 2012
Joe wrote:
<quoted text>
If the Republicans wanted to stop the federal government from incurring this debt, they could have.
If the Democrats wanted to stop the federal government from incurring this debt, they could have.
They are both the blame.
This pretty much represents my thoughts on it. However, the ultimate authority is the sitting President. When debts were being run up in 2001-2008, the blame lied with President Bush. When debts were being run up from 2009-current, the blame lies with President Obama. The President's job as an executive is to take action and make progress. The last 2 Presidents have ultimately been failures.

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