Obama taking "fiscal cliff" fight to ...

Obama taking "fiscal cliff" fight to the public

There are 2428 comments on the CBS News story from Nov 30, 2012, titled Obama taking "fiscal cliff" fight to the public. In it, CBS News reports that:

President Barack Obama delivers remarks about extending tax cuts for middle class people during an event in the Eisenhower Executive Office Building November 28, 2012 in Washington, DC.

Join the discussion below, or Read more at CBS News.

Since: Aug 10

Rochester, NY

#1342 Dec 14, 2012
Teaman wrote:
<quoted text>
A Laissez Faire economy would develop a ruling class. No one said regulation wasn't necessary. Regulation being policing fraud, theft, misrepresentation, not take part or run the economy.
The one thing the government was supposed to do with the housing market was to regulate or police fraud and misrepresentation. Instead, the government allowed for conditions that were ripe for predatory lending and took an active part in the market through Fannie Mae and Freddie Mac.
Wall St. knew there would be a government safety net and became reckless. Instead of people going to jail, they got a government stimulus.
The predatory lending was a part of the problem, but not the main problem.

The larger cause was DEREGULATION. Once CDOs and MBS's were deregulated, banks could bundle good and bad mortgages together for resale with no oversight.

Even worse was the lack of regulation overseeing the rating agencies. How Moodys and S & P could give MBSs AAA ratings, knowing full well they were bad invenstments is just ridiculous. They need regulating!

Nobody has gone to jail for any of this blatant corruption because the SEC enforcement division was shrunk to an ineffective size under W's republican congress. Half of what happenned was no longer even illegal due to deregulation. Obama has dropped the ball on prosecuting the few people he could have!

Since: Oct 08

Alpharetta, GA

#1343 Dec 14, 2012
Mykro wrote:
<quoted text>Since when did you trailer trash inbreds ever pay taxes?
youd be surprised at the property taxes on a nice double wide, parked near the retention pond at the pulpwood plant.

Since: Jan 11

Abingdon, VA

#1344 Dec 14, 2012
FFS- wrote:
<quoted text>The predatory lending was a part of the problem, but not the main problem.
The larger cause was DEREGULATION. Once CDOs and MBS's were deregulated, banks could bundle good and bad mortgages together for resale with no oversight.
Even worse was the lack of regulation overseeing the rating agencies. How Moodys and S & P could give MBSs AAA ratings, knowing full well they were bad invenstments is just ridiculous. They need regulating!
Nobody has gone to jail for any of this blatant corruption because the SEC enforcement division was shrunk to an ineffective size under W's republican congress. Half of what happenned was no longer even illegal due to deregulation. Obama has dropped the ball on prosecuting the few people he could have!
Agree. But the point was the government interference with a market or the marriage of government and the market and banks to promote a government program of low income housing. Too much deregulation occurred to meet that end. Another thing, too much trust was put into lenders to do the right thing. That was also ridiculous considering lenders know there would be a government safety net.



Since: Jan 11

Abingdon, VA

#1345 Dec 14, 2012
inbred Genius wrote:
<quoted text>
youd be surprised at the property taxes on a nice double wide, parked near the retention pond at the pulpwood plant.
And a property owner to boot.:-)
Billy Ringo

United States

#1346 Dec 14, 2012
inbred Genius wrote:
<quoted text>
youd be surprised at the property taxes on a nice double wide, parked near the retention pond at the pulpwood plant.
Gotta be at least 35 bucks a year.

Since: Oct 08

Alpharetta, GA

#1347 Dec 14, 2012
Mykro wrote:
<quoted text>Since when did you trailer trash inbreds ever pay taxes?
how much property taxes do section 8 dwellers pay?

Since: Dec 11

Fort Worth, TX

#1348 Dec 14, 2012
inbred Genius wrote:
<quoted text>
ok fine, maybe I'll stop paying taxes and see if thats more fun.
You have that right. Of course, there are consequences for doing a thing, even if you believe it to be correct. Gramps always said, "You can do anything you want, as long as you're willing to pay the consequences.

Since: Oct 08

Alpharetta, GA

#1349 Dec 14, 2012
Terry Buckeye wrote:
<quoted text>
You have that right. Of course, there are consequences for doing a thing, even if you believe it to be correct. Gramps always said, "You can do anything you want, as long as you're willing to pay the consequences.
Gramps sounds like a smart guy...did Grammy whoop him much?

Since: Nov 09

Location hidden

#1350 Dec 14, 2012
Go Blue Forever wrote:
<quoted text>Yeah, let's completely disregard, that the President won re-election on a platform that included raising taxes on the wealthy....so that House republican's and their greed-happy, protect our master's policy can be presented to all future voters, on an endless loop....
Yeah, you are a sheeple commie lib too! A FLAT TAX RATE ON EVERY INCOME MAKER IS THE ONLY FAIR TAX!
OH NO YOU Did not

Rancho Cucamonga, CA

#1351 Dec 14, 2012
Go Blue Forever wrote:
We desire, more posts from those that can support, their claims....
Why are you telling your fellow liberal posters to stop posting? I know that they never support their posts with the truth and their posts are often hate-filled, bias bigoted messes, but you can still support their stupid, inane, foolish remarks. Just sayin'

Since: Feb 11

Location hidden

#1352 Dec 14, 2012
OH NO YOU Did not wrote:
<quoted text>
Why are you telling your fellow liberal posters to stop posting?
Why don't you start by posting under just one alias?

Since: Nov 09

Location hidden

#1353 Dec 14, 2012
OneProphet wrote:
<quoted text>
Yeah, you are a sheeple commie lib too! A FLAT TAX RATE ON EVERY INCOME MAKER IS THE ONLY FAIR TAX!
I need to expand on this! All income tax should be a flat percentage rate on income. Liberals love to promote the idea that the top wage earners pay a lower tax rate. That is false. They pay over 35%. My income is taxed at a 15% rate but at the end of the tax year, I get all that back and an earned income credit. That's right! My wife and I gross just under $50,000/year joint return. Those in the under 50,000 tax bracket get an income tax return! Obviously that is really not fair when you consider how much the top earners had to work to get to where they are. The progressive/graduated tax system is punitive to those who, unfortunately in the liberal mindset, became successful. The Bible tells us to be content and not to envy others. It is unChristian for you to envy those who are successful and who have more than you do. That is the bottom line! Tax rates should not go up on anyone. CUT THE SPENDING! CUT THE ENTITLEMENTS!

Since: Oct 12

Location hidden

#1354 Dec 14, 2012
OH NO YOU Did not wrote:
<quoted text>
Why are you telling your fellow liberal posters to stop posting? I know that they never support their posts with the truth and their posts are often hate-filled, bias bigoted messes, but you can still support their stupid, inane, foolish remarks. Just sayin'
You already know...Your number one on the, DOES'NT PROVE HIS CLAIMS LIST.....

Since: Feb 11

Location hidden

#1355 Dec 14, 2012
OneProphet wrote:
<quoted text>
I need to expand on this! All income tax should be a flat percentage rate on income. Liberals love to promote the idea that the top wage earners pay a lower tax rate. That is false. They pay over 35%.
They don't.

Capital gains are income.

Income: money that comes in.

Deductions: reduce taxes paid.

E.G.: Money donated to the Mormon church helps American taxpayers and the debt crisis not a bit.

Since: Feb 11

Location hidden

#1356 Dec 14, 2012
OneProphet wrote:
Obviously that is really not fair when you consider how much the top earners had to work to get to where they are.
Yes... being born into wealth is a real bitvh.

Since: Feb 11

Location hidden

#1357 Dec 14, 2012
OneProphet wrote:
CUT THE SPENDING! CUT THE ENTITLEMENTS!
Kill people when they turn 70! How dare they collect on their SSI!
OH NO YOU Did not

Rancho Cucamonga, CA

#1358 Dec 14, 2012
Terry Buckeye wrote:
<quoted text>
Your hatred of the country is so obviously based in the fact that your choice for President did not win the election. Therefore, you think that if you blame all of the country's woes on the President, it might validate your unAmerican attitude. It doesn't. It just makes you seem like a spoiled child who didn't get his way and is throwing a tantrum until someone gives him a pacifier.
That sounds like most liberals that post on topix as their hatred for other Americans especially conservatives is great and they have very much anti-American down from destroying businesses to taking away rights of other Americans. These liberals like Obama are willing to tax all Americans to death.
5 posts removed

Since: Oct 12

Location hidden

#1364 Dec 14, 2012
Where does this bullshit about liberals HATRED of other americans, come from?....it's apparent, it's the right, that displays all the hatred....we should'nt even be talking about this, on this night.....
OH NO YOU Did not

Rancho Cucamonga, CA

#1365 Dec 14, 2012
Terry Buckeye wrote:
<quoted text>
Ever heard of Warren Buffet? Dang! Another opinion-stated-as-fact shot down!
He supposedly is not a liberal and thus, the poster is right that the rich liberals don't advocate raising their taxes, just the taxes of the other people like the socialists.
OH NO YOU Did not

Rancho Cucamonga, CA

#1366 Dec 14, 2012
Go Blue Forever wrote:
Where does this bullshit about liberals HATRED of other americans, come from?....it's apparent, it's the right, that displays all the hatred....we should'nt even be talking about this, on this night.....
Sweetie, it is all the liberal topix posters that show all this intense hatred. Let's see it is all the name calling, all the threats, and all the denigration of people that shows hate on topix.

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