Surreal: Obama's Fiscal Cliff Proposal Stuns Washington

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Since: Nov 11

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#1
Nov 30, 2012
 
Republicans have been asking for the White House's plan for some time now -- well, they finally got one. Oh my:



House Republicans said on Thursday that Treasury Secretary Timothy F. Geithner presented the House speaker, John A. Boehner, a detailed proposal to avert the year-end fiscal crisis with $1.6 trillion in tax increases over 10 years, an immediate new round of stimulus spending, home mortgage refinancing and a permanent end to Congressional control over statutory borrowing limits. The proposal, loaded with Democratic priorities and short on detailed spending cuts, was likely to meet strong Republican resistance. In exchange for locking in the $1.6 trillion in added revenues, President Obama embraced $400 billion in savings from Medicare and other entitlements, to be worked out next year, with no guarantees. He did propose some upfront cuts in programs like farm price supports, but did not specify an amount or any details.
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http://townhall.com/tipsheet/guybenson/2012/1...

Obama is so tarded

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#2
Nov 30, 2012
 
(1) Obama is asking for $1.6 Trillion in tax hikes, double the number he and Boehner reportedly (almost) agreed upon last summer during the last crisis. Not only does he want to raise marginal tax rates on "the rich," he's also shooting to raise capital gains and dividends taxes, too. According to NBC News, those revenues would amount to nearly $1 trillion. Then comes an undefined $600 Billion in unspecified "new revenue," presumably from tax increases to be named later. This element of the broader package alone is more than enough to tear the whole thing up and walk away.

(2) There are no guaranteed entitlement reforms. There are no specified spending cuts. Obama is willing to consider some "savings," but those would have to be discussed some other time in the future. This is what Obama fancies to be his "concession." And it comes in exchange for...Republicans agreeing to the taxmaggedon described in item #1. As I said, surreal.

(3) There's another stimulus in this puppy. Remember, this is supposed to be a deficit reduction plan, yet it calls for *at least*$50 Billion in new spending on infrastructure and other projects. As the Times reports, some aides on the Hill believe the plan's guaranteed spending increases could actually outnumber its (still unspecified) cuts (!)...

(4) Obama's proposal goes so far on investment and death tax hikes that even Congressional Democrats are looking at each other and slowly backing away.

(5) And, oh yeah, it abolishes the debt limit. Poof. Limitless "legal" debt for the federal government.

ObamaTARD needs to put down the crack pipe.

Since: Nov 11

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#3
Nov 30, 2012
 
Oh My: McConnell Laughed Out Loud When Geithner Discussed Obama’s Plan

Negotiations can’t be going too well if the Senate Minority leader is openly scoffing at President Obama’s “bipartisan” plan to solve the looming “fiscal cliff” crisis. Yikes:

Mitch McConnell, the Senate Republican leader, says he “burst into laughter” Thursday when Treasury Secretary Tim Geithner outlined the administration proposal for averting the fiscal cliff. He wasn’t trying to embarrass Geithner, McConnell says, only responding candidly to his one-sided plan, explicit on tax increases, vague on spending cuts.
http://townhall.com/tipsheet/danieldoherty/20...

Obama is a FOOL.

Since: Mar 11

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#4
Nov 30, 2012
 
IescapedNY wrote:
(1) Obama is asking for $1.6 Trillion in tax hikes, double the number he and Boehner reportedly (almost) agreed upon last summer during the last crisis. Not only does he want to raise marginal tax rates on "the rich," he's also shooting to raise capital gains and dividends taxes, too. According to NBC News, those revenues would amount to nearly $1 trillion. Then comes an undefined $600 Billion in unspecified "new revenue," presumably from tax increases to be named later. This element of the broader package alone is more than enough to tear the whole thing up and walk away.
(2) There are no guaranteed entitlement reforms. There are no specified spending cuts. Obama is willing to consider some "savings," but those would have to be discussed some other time in the future. This is what Obama fancies to be his "concession." And it comes in exchange for...Republicans agreeing to the taxmaggedon described in item #1. As I said, surreal.
(3) There's another stimulus in this puppy. Remember, this is supposed to be a deficit reduction plan, yet it calls for *at least*$50 Billion in new spending on infrastructure and other projects. As the Times reports, some aides on the Hill believe the plan's guaranteed spending increases could actually outnumber its (still unspecified) cuts (!)...
(4) Obama's proposal goes so far on investment and death tax hikes that even Congressional Democrats are looking at each other and slowly backing away.
(5) And, oh yeah, it abolishes the debt limit. Poof. Limitless "legal" debt for the federal government.
ObamaTARD needs to put down the crack pipe.
Obama is out to bring this country to it's knees as fast as he can.He is an anti-American socilist and wants to be king,too bad that he could never be anything but a queen,if you know what I mean,lol.

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