Revenue must be part of any budget de...

Revenue must be part of any budget deal: Harry Reid

There are 91 comments on the Reuters story from Feb 3, 2013, titled Revenue must be part of any budget deal: Harry Reid. In it, Reuters reports that:

The top Senate Democrat said on Sunday tax revenue must be part of any deal to replace looming automatic spending cuts, despite Republican warnings that they will not buckle over this issue after conceding on tax rises for the rich a month ago.

Join the discussion below, or Read more at Reuters.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#26 Feb 4, 2013
tha Professor wrote:
<quoted text>
What we need to realize is that recovery, NOT the debt or yearly deficits, is the most important thing.
Foolishly cutting spending to serve the cause of an unnecessary and purely ideological need to "balance the budget" would be self-destructive.
I don't consider a $120 billion cut in annual spending to be "foolish". It's barely a drop in the bucket- less than 4% of our annual spending. So instead of spending $3.5 trillion each year, we only spend $3.4 trillion.

At some point we've got to stop this nonsense; no time like the present.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#27 Feb 4, 2013
tha Professor wrote:
<quoted text>
We recovered - came out of the recession - have continued to recover and grow, if very slowly.
That means Bush and Obama were doing the right things. Cutting spending now would be disastrous. Period.
The problem with that is we'll ALWAYS be coming out of the recession so they can justify more & more & more spending.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#28 Feb 4, 2013
WeTheSheeple wrote:
<quoted text>
I don't consider a $120 billion cut in annual spending to be "foolish". It's barely a drop in the bucket- less than 4% of our annual spending. So instead of spending $3.5 trillion each year, we only spend $3.4 trillion.
At some point we've got to stop this nonsense; no time like the present.
Given that spending cuts will stall the recovery, I'd argue that there's almost ANY other time that's better than the present.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#29 Feb 4, 2013
WeTheSheeple wrote:
<quoted text>
The problem with that is we'll ALWAYS be coming out of the recession so they can justify more & more & more spending.
The problem is when you accept the false arguments of the right and Republicans that spending alone is the problem. Even Obama's made that mistake.

Since: Oct 08

Alpharetta, GA

#30 Feb 4, 2013
so they's planning to raise taxes agin?

wow, so soon....guess they figured we'd not notice.

And yeah, lets bring those soldiers home from overseas....course, they's no jobs here, so they's all gonna be unemployed soldiers, but it always makes libs happy to see the military crippled. Reminds them of their good old days, burning their draft card and singing protest songs.

“Open your eyes”

Since: Sep 09

Central Florida

#31 Feb 4, 2013
Hey Harry!

Here is a couple of novel ideas in order to keep in the revenues:

1. You're the leader of the Senate, how about you actually do your job and force the President to withdraw all troops from these wars without a proper declaration of war?

2. How about you stop foreign aid. You know, where we borrow money from banks at interest and give it away to other nations?

3. How about you stop funding all 500+ military bases over seas and force the President to bring the troops home? Why do we still have multiple bases in Germany and Japan? We stopped fighting them in 60 years ago.

Hey Harry, that right there will take up majority of the budget.

Wait, WTF am I thinking. Dirty Harry is a globalist pig who looks out for his own pockets. Never mind. It's all the Republican's fault. Yeah, let's go with that argument.

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#32 Feb 4, 2013
inbred Genius wrote:
so they's planning to raise taxes agin?
wow, so soon....guess they figured we'd not notice.
And yeah, lets bring those soldiers home from overseas....course, they's no jobs here, so they's all gonna be unemployed soldiers, but it always makes libs happy to see the military crippled. Reminds them of their good old days, burning their draft card and singing protest songs.
The usual babbling lies and distortions. "Raise taxes again?" Are you even going to bother to defend that, Georgia?
the rest of us

Saint Paul, MN

#33 Feb 4, 2013
tha Professor wrote:
BLAH,BLAH,FART.......And they will blame Obama. And they will be lying, as usual.
No Professor Fartsack, EVERYBODY on here realizes that YOU are a lying sack of sh*t so your efforts are completely wasted on here. You are the very definition of insanity, doing the same thing over and over and expecting different results.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#34 Feb 4, 2013
tha Professor wrote:
<quoted text>
The problem is when you accept the false arguments of the right and Republicans that spending alone is the problem. Even Obama's made that mistake.
I've never said spending alone is the problem, which is why I support raising taxes.

We have to start cutting spending- the pentagon is a good place to start as any. They have over 800,000 civilian employees at the DOD and only 1.5 million active duty servicemembers. That's one civilian employee for every 2 servicemembers! DOD employees average $70k per year for a total of $56 BILLION is salary alone, not to mention benefits. Even if we cut the DOD down to 1 civilian employee to ever 4 servicemembers, we'd save over $25+ billion each year.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#35 Feb 4, 2013
inbred Genius wrote:
so they's planning to raise taxes agin?
wow, so soon....guess they figured we'd not notice.
And yeah, lets bring those soldiers home from overseas....course, they's no jobs here, so they's all gonna be unemployed soldiers, but it always makes libs happy to see the military crippled. Reminds them of their good old days, burning their draft card and singing protest songs.
Gee, why don't we just draft the 20+ million unemployed and start a few more wars. That'll solve all our problems.....

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#36 Feb 4, 2013
the rectum of us wrote:
<quoted text>
No Professor, it's just me, the Fartsack, again. EVERYBODY on here realizes that I am a lying sack of sh*t so my efforts are completely wasted on here. This is the very definition of insanity, doing the same thing over and over and expecting different results. Please, help me....I'm nuts.
Someone sure needs to help you...

“Stop the Brain Rot”

Since: Jan 12

Take a Looonng Vacation

#37 Feb 4, 2013
WeTheSheeple wrote:
<quoted text>
I've never said spending alone is the problem, which is why I support raising taxes.
We have to start cutting spending- the pentagon is a good place to start as any. They have over 800,000 civilian employees at the DOD and only 1.5 million active duty servicemembers. That's one civilian employee for every 2 servicemembers! DOD employees average $70k per year for a total of $56 BILLION is salary alone, not to mention benefits. Even if we cut the DOD down to 1 civilian employee to ever 4 servicemembers, we'd save over $25+ billion each year.
I agree about the Pentagon, of course.

But Keynesian economics would suggest that cutting spending and raising taxes is the fastest way to send us back into recession. Ask anyone, they'll tell you. I'm not making it up.
Don Joe

Minneapolis, MN

#38 Feb 4, 2013
MD Conservative wrote:
<quoted text>
Prof, we have spent trillions by Bush and Obama. To what end? What is the result? Unemployment is still high. Economy struggling. GDP:Debt is close to 110%. We need to cut spending, not spend more.
Spent trillions by bush and obama? To what end?? To the end that the rich are now much much richer. There has been effectively no stimulus as all the money went to the rich, into their personal accounts. That is why the economy is still struggling. Austerity will continue the depression. We need to stop giving trillions to the rich and actually stimulate the economy. That would bring back jobs, increase wages, people could pay more in taxes on a higher income; increase economic activity and generally improve our economy dramatically.

Since: Oct 08

Alpharetta, GA

#39 Feb 4, 2013
WeTheSheeple wrote:
<quoted text>
Gee, why don't we just draft the 20+ million unemployed and start a few more wars. That'll solve all our problems.....
either that, or just stop paying retired military....they dont need to get pension at 20 and 30 years, it's not a hard job, they should stay in it until they are 66 like the rest of us schmucks.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#40 Feb 4, 2013
tha Professor wrote:
<quoted text>
I agree about the Pentagon, of course.
But Keynesian economics would suggest that cutting spending and raising taxes is the fastest way to send us back into recession. Ask anyone, they'll tell you. I'm not making it up.
So we should increase spending and cut taxes forever? That's a politician's dream scenario.

That's the problem; no one will ever say the recovery is over. They'll ALWAYS say we're still "recovering" just so they never have to cut spending or raise taxes.

And when our debt is $50 trillion? Then what?? Still can't cut spending because we're still "recovering"??

And when our debt is $100 trillion? Then what?? Still can't cut spending because we're still "recovering"??

Sorry, but "recovery" or not, the time has come to cut spending and raise additional tax revenue. At some point our economy will collapse from too much debt. We can't wait until that happens before acting.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#41 Feb 4, 2013
inbred Genius wrote:
<quoted text>
either that, or just stop paying retired military....they dont need to get pension at 20 and 30 years, it's not a hard job, they should stay in it until they are 66 like the rest of us schmucks.
Obviously you've never served.

That said, I do support getting rid of the current military retired system and replacing it with a standard 401k system.

“Obama Shames the USA”

Since: Apr 09

Location hidden

#44 Feb 4, 2013
new hammer time wrote:
<quoted text>
its not Obamas fault. this shyt started way before he became President.
you white ppl. are the reason for this downward spiral....greed graft money laundering is the norm in y'alls world of capitialism. the motto is: "get it quick and exit out the side door with the cash before someone detects that it was a robbery."
Alabama was a stronghold for democrats from 1868 up to, during, and after the time of Rosa Parks. Ain't that something?
The law that Rosa Parks broke, was a law made by and enforced by the democrats of Alabama. Ain't that something?

George Wallace was a democrat. Ain't that somethin"?

It was Bull Connor, a member of the Democrat National Committee, who turned the hoses on the marchers in Birmingham, and it was the Republicans who made up the majority that passed the 1964 Civil Rights Act, over the filibuster of such Democrat paragons as William Fulbright and Al Gore Sr.- and Grand Kleagle Byrd.

“Life is Good”

Since: Nov 08

Perpignan

#46 Feb 5, 2013
Cary L Nickel wrote:
<quoted text>
Actually, the socialist Democrats appear to be very smart. They almost ALWAYS get so-called "conservatives" to cave to their demands, and then demand more. That's been their modus operandi for decades, and it's always worked.
And the sheep keep re-electing them, so why should they change anything?
In the spirit of fairness, the libs did double down on spending, but under Bush, they blew through dollars like there was no tomorrow. Bush was a moderate as is the choice of the Republican Establishment like Rove and his ilk. They have as little care of America and our constitution as the liberals do. They both have the same game plan, power and money. It way past time for division to end and to unite against these blood suckers.
Poosy McCall

Hanoi, Vietnam

#48 Feb 5, 2013
whatta;) Revenue is a Bud??????! does Harry drink 2much red wines;-00000

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#49 Feb 5, 2013
Ninthman wrote:
<quoted text>Alabama was a stronghold for democrats from 1868 up to, during, and after the time of Rosa Parks. Ain't that something?
The law that Rosa Parks broke, was a law made by and enforced by the democrats of Alabama. Ain't that something?
George Wallace was a democrat. Ain't that somethin"?
It was Bull Connor, a member of the Democrat National Committee, who turned the hoses on the marchers in Birmingham, and it was the Republicans who made up the majority that passed the 1964 Civil Rights Act, over the filibuster of such Democrat paragons as William Fulbright and Al Gore Sr.- and Grand Kleagle Byrd.
And now all those racist southern Democrats have turned into the current racist Republicans.

Is that so difficult to understand?

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