Obama, Boehner discuss 'fiscal cliff' stalemate

Dec 10, 2012 | Posted by: roboblogger | Full story: CBS Atlanta

Two-thirds of the world's population will live in cities by 2030. Most people will be middle class, connected by technology, protected by advanced health care and linked by countries that work together, perhaps... Two-thirds of the world's population will live in cities by 2030.

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hahahahahaha

Indianapolis, IN

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#43
Dec 11, 2012
 

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LookingToEscape wrote:
<quoted text>
Maybe you need to look at the federal budget before you offer such opinions.
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It is from the taxes paid by people who do work that allows for the money used to let Obama jet around the country making speeches instead of doing real work.
And how 'bout that four million dollar vacation. Moochell must be a real drain on the gas.

“Happiness comes through giving”

Since: Feb 08

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#44
Dec 11, 2012
 

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LookingToEscape wrote:
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I fully understand your need to dodge my comment about Obama's lax attitude towards money.
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Increasing taxes on the rich is more an emotional thing than a logical one. Even several Democrats (mainly out of office) say it's more symbolism than substance.
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Problem is, working people will create more demand... for products made in China. Your demand theory is based on an outdated model created when there were few major industrial players. It has been estimated about 25% of Obama's stimulus ended up in China, not circulating in the US.
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The Democrat argument about the Clinton surplus is also outdated, based on an economy that no longer exists (not to mention the surplus was based on some flawed assumptions).
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If we had a President that could articulate economic issues on at least a minimal basis we could develop a real understanding how the world has changed. Instead we have a Black left winger who never created a job, never dealt with the real world and see's everything through a prism of race and class.
China on the other hand will have 2 new leaders very well versed in economics and one having quite a good track record of *actually* doing economic development.
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Maybe the best place to start the understanding is to look into the trade agreements the United States has signed over the years.
Just a few points:

- Speaking of dodging arguments, you completely avoided the issue of whether or not cutting taxes for the wealthy creates jobs. I can understand why. A very unemotional reason for taxing the rich is that the country needs more funding, and the rich can afford to contribute a little more. Certainly you are aware of the widening gap between the rich and poor in this country. The rich are getting richer while the poor are getting poorer.

- Obama articulates economic issues quite well (sometimes even too well for the average person to understand). Many economists agree.

- I'm not sure why you chose to point out that Obama is black, in what seemed like a pejorative context. I hope my suspicions are wrong.

“Happiness comes through giving”

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#45
Dec 11, 2012
 

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Ninthman wrote:
And the two finocchios continue their phony gayish pillow fight in front of a very stupid American audience. They act like the French. It's embarrassing to be an American.
I have a suggestion for you. I'd even help you pack.
reality

Germantown, OH

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#46
Dec 11, 2012
 

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lolol wrote:
<quoted text>
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most people don't have the means to make more money unless they have the time and availability for a second or third job.
if the govt had to live like obamas 'folks' he talks about, they would have to not spend more than they make. real people do NOT have the luxury of just mugging people for more cash without legal repercussion. gubbmint can steal at will, borrow way past their limit (try charging on your topped out card) plus not have a budget for 4 years. bams just wants that open charge card and making the people pay more so he can just pay the interest on his 16trillion debt every month.
remember 4 yrs ago when credit card default was at an alltime high and obama told people to live within their means ? plus not waste money on vacations to las vegas ? obama, the do as I say not as I do pompous asz.
Folks that COMPLETE their high school educations, and go on. Folks that don't drop out of school and get into all kins of self-destructiveness are the ones that almost always find themselves in some kind of high-paying, long-term career in which they NEVER HAVE TO work a 2nd or 3rd job.

We mustn't forget...
Just because any given person is intelligent doesn't mean they're necessarily lacking of ignorance.

Since: Mar 08

Allentown, PA

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#47
Dec 11, 2012
 

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Lawrence Wolf wrote:
<quoted text>Just a few points:
- Speaking of dodging arguments, you completely avoided the issue of whether or not cutting taxes for the wealthy creates jobs. I can understand why. A very unemotional reason for taxing the rich is that the country needs more funding, and the rich can afford to contribute a little more. Certainly you are aware of the widening gap between the rich and poor in this country. The rich are getting richer while the poor are getting poorer.
- Obama articulates economic issues quite well (sometimes even too well for the average person to understand). Many economists agree.
- I'm not sure why you chose to point out that Obama is black, in what seemed like a pejorative context. I hope my suspicions are wrong.
First off, I am not a lover of the very rich. But I do realize their large capital accumulations can make things happen. For many, creating new business is fun, a sort of game for them, the thrill of competition. Additional taxes may cause them to say, why bother?
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Cutting taxes may not create a lot of jobs but it could preserve jobs. It has acted as a stimulate in the past but job preservation in itself might be the noble goal.
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You must also keep in mind the rich just do not pay federal taxes, they pay state and local taxes.
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Many left wing economists will agree with Obama. Ask about the jobs they created, you know, practical experience. Then consider their advice.
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Europe has done heavy taxation of the rich. You can see where it got Europe. Many of their rich find creating new businesses not so worthwhile as doing more just gets earnings chewed up in more taxes. They end up doing just enough.
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As for Obama being black a pejorative, in my experience Black liberals do not seem to be the go to guys for economic development. Social spending, maybe but not for building industries. It's just not in their job description.
hahahahahaha

Indianapolis, IN

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#48
Dec 11, 2012
 
LookingToEscape wrote:
<quoted text>
First off, I am not a lover of the very rich. But I do realize their large capital accumulations can make things happen. For many, creating new business is fun, a sort of game for them, the thrill of competition. Additional taxes may cause them to say, why bother?
.
Cutting taxes may not create a lot of jobs but it could preserve jobs. It has acted as a stimulate in the past but job preservation in itself might be the noble goal.
.
You must also keep in mind the rich just do not pay federal taxes, they pay state and local taxes.
.
Many left wing economists will agree with Obama. Ask about the jobs they created, you know, practical experience. Then consider their advice.
.
Europe has done heavy taxation of the rich. You can see where it got Europe. Many of their rich find creating new businesses not so worthwhile as doing more just gets earnings chewed up in more taxes. They end up doing just enough.
.
As for Obama being black a pejorative, in my experience Black liberals do not seem to be the go to guys for economic development. Social spending, maybe but not for building industries. It's just not in their job description.
You have made a number of vague generalization but I would like to ask you to define rich. How much do they make and how do you know they don't pay federal taxes?

Since: Mar 08

Allentown, PA

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#49
Dec 11, 2012
 
hahahahahaha wrote:
<quoted text> You have made a number of vague generalization but I would like to ask you to define rich. How much do they make and how do you know they don't pay federal taxes?
Billionaires would be rich. Someone with $50 million is rich.$10 million is living comfortable but may not qualify as rich in today's terms.
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When you discuss wealth, you should also distinguish between money in the bank versus paper wealth. Paper wealth is all theory until the holdings are cashed out which at that time the true value of the estate is determined. More than a few who had high paper wealth saw it all disappear in a bad economy or a failure of a company (such as those who held Enron stock).

Since: Mar 08

Allentown, PA

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#50
Dec 11, 2012
 
hahahahahaha wrote:
<quoted text> and how do you know they don't pay federal taxes?
Most pay some sort of tax. Many do use available deductions when possible.
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While the Democrats love to scream "loopholes", these deductions were set up to cause capital to used a certain way. A deduction for a second home was established to create more home building which created more jobs. Are you avoiding taxes (or a tax cheat) if you buy a second home because the government wanted you to create economic activity?
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If you use Obama's tax credit for solar panels, are you trying not to do your fair share?

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