Obama Says Republican Fiscal Cliff Offer Doesn't Go Far Enough

There are 20 comments on the www.bloomberg.com story from Dec 4, 2012, titled Obama Says Republican Fiscal Cliff Offer Doesn't Go Far Enough. In it, www.bloomberg.com reports that:

President Barack Obama said in a Bloomberg Television interview that a Republican offer on resolving the so-called fiscal cliff doesn't go far enough and won't raise the revenue needed to shrink the deficit by $4 trillion over the next decade.

Join the discussion below, or Read more at www.bloomberg.com.

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Happee Nu Yr

Hanoi, Vietnam

#1 Dec 4, 2012
dr. Bill_phd! finding nemo 3D movie

;-0000000000

Since: Mar 09

The Left Coast

#2 Dec 5, 2012
Tax the shit out of those rich white people.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#3 Dec 5, 2012
RustyS wrote:
Tax the shit out of those rich white people.
We're going to have to "tax the shit" out of EVERYONE, as well as slash defense spending in half & kill Medicare & Social Security as well if we're EVER going to balance the budget.

Everyone is screaming about the "fiscal cliff", yet the cuts & tax increases which are set to kick in don't come anywhere CLOSE to balancing the budget. NOT EVEN CLOSE.

Since: Mar 09

The Left Coast

#4 Dec 5, 2012
WeTheSheeple wrote:
<quoted text>
We're going to have to "tax the shit" out of EVERYONE, as well as slash defense spending in half & kill Medicare & Social Security as well if we're EVER going to balance the budget.
Everyone is screaming about the "fiscal cliff", yet the cuts & tax increases which are set to kick in don't come anywhere CLOSE to balancing the budget. NOT EVEN CLOSE.
Nice try. 50% of us don't pay income tax, and only those under 50 won't get Social Security. Guess the 18 to 50 year old working crowd is pretty well screwed. Obama has a mandate from the voters to do it. Sorry.
Dane T

AOL

#5 Dec 5, 2012
Obama knows what is best for His America. He is the Truth and the Light.

All Hail THE Obama...blessed be HIS name.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#6 Dec 5, 2012
RustyS wrote:
<quoted text>
Nice try. 50% of us don't pay income tax, and only those under 50 won't get Social Security. Guess the 18 to 50 year old working crowd is pretty well screwed. Obama has a mandate from the voters to do it. Sorry.
You will only lose your Social Security if you follow the GOP and give it up.
SS has nothing at all to do with the present 'fiscal cliff' issues.

Educate yourself, or be led like a fool.
Don Joe

Minneapolis, MN

#7 Dec 5, 2012
Fiscal cliff offer??? There was no real offer from the GOP. Allowing the rich to continue to not pay any taxes, while eliminating Social security and Medicare so that only the rich get medical care and make everyone else work into their 80s just isn't decent.

There they go again, pushing grandma in her wheelchair off the cliff.

“It's a Brand New Day”

Since: Feb 06

New Rochelle

#8 Dec 5, 2012
WeTheSheeple wrote:
<quoted text>
We're going to have to "tax the shit" out of EVERYONE, as well as slash defense spending in half & kill Medicare & Social Security as well if we're EVER going to balance the budget.
Everyone is screaming about the "fiscal cliff", yet the cuts & tax increases which are set to kick in don't come anywhere CLOSE to balancing the budget. NOT EVEN CLOSE.
Social Security is not part of the budget. Whatever are you talking about?

A higher progressve tax on the upper 2% will go a long way. as will carefuk but deep cuts to miliary spending.

Best loophole to eliminate?
Special treatment of capital gaibs. Change that to ordinart income.

“Headed toward the cliff”

Since: Nov 07

Tawas City, Michigan

#9 Dec 5, 2012
Mr_Bill wrote:
<quoted text>
Social Security is not part of the budget. Whatever are you talking about?
A higher progressve tax on the upper 2% will go a long way. as will carefuk but deep cuts to miliary spending.
Best loophole to eliminate?
Special treatment of capital gaibs. Change that to ordinart income.
Since we've spent the $2.5 TRILLION social security "surplus" on everything BUT social security, that means it now IS part of the budget- that $2.5 trillion has to be paid back from the general treasury.

I agree taxes on the rich should go up along with taxes on capital gains & dividens, but that still comes nowhere NEAR what we need to balance the budget.

We could COMPLETELY eliminate the Dept of Defense and STILL wouldn't have a balanced budget, much less money left over to pay back the social security trust fund AND start paying down the debt.

NO WHERE NEAR ENOUGH.

Since: Mar 09

The Left Coast

#10 Dec 5, 2012
Mr_Bill wrote:
<quoted text>
You will only lose your Social Security if you follow the GOP and give it up.
SS has nothing at all to do with the present 'fiscal cliff' issues.
Educate yourself, or be led like a fool.
Social Security and Medicare don't account for soon to be deficit funded programs? Obamacare will save money? Evidently there is difference between progressive and regular fools.
FRT

New Salem, ND

#11 Dec 5, 2012
There is no fiscal cliff. We have plenty of money. We need to increase our foreign aid, or other countries won’t like us
lolol

Albuquerque, NM

#12 Dec 5, 2012
FRT wrote:
There is no fiscal cliff. We have plenty of money.
.
the fed will print up whatever's needed. of course a loaf of bread will go for today's equivalent of $50.00 or so, the dollar and peso will soon be equal allowing mexicans to stay home as there's no reason to cross the border anymore.
Bob Lewis

AOL

#13 Dec 6, 2012
Yesterday, Treasury Sec Geithner told CNBC that President Obama is eager to let America fall off the Fiscal Cliff driving us into a Recession, raising taxes on all taxpayers in addition to the rich, costing thousands of jobs, devaluing 401K' by billions becuase Obama made the calculation that Repubs would be blamed and he might pick up Two Seats in Congress in 2014.

Don't blame President Obama. We settled for him and must accept every tragic out come as all our pitiful families deserve.

Since: Jan 07

Location hidden

#14 Dec 6, 2012
The problem is NOT the revenue, it IS the spending. The Democrats want to continue the spending, even increase it.
Don Joe

Minneapolis, MN

#15 Dec 6, 2012
Bob Lewis wrote:
Yesterday, Treasury Sec Geithner told CNBC that President Obama is eager to let America fall off the Fiscal Cliff driving us into a Recession, raising taxes on all taxpayers in addition to the rich, costing thousands of jobs, devaluing 401K' by billions becuase Obama made the calculation that Repubs would be blamed and he might pick up Two Seats in Congress in 2014.
Don't blame President Obama. We settled for him and must accept every tragic out come as all our pitiful families deserve.
What? the US might fall into a recession? right on top of a depression. The US has been in a depression since 9/11/2001 and now you are worried that there might be a recession???? LOL

Thousands of jobs? Let's see, that would be small potatoes considering the millions of jobs lost during bush's time in office. Even so, losing jobs is a republican prediction and the GOP has a very poor record with predictions. I suspect it will create more jobs. If taxes go up enough, millions more jobs.

As far as raising taxes on all, the offer stands to keep the taxes low on everyone making under $250,000 per year. So if the GOP won't go for that, then 99% of the people get their taxes raised because the GOP only serves the very very rich.

As far as spending goes, all spending bills originate in the House of Reps. Let's see, who controls the house of reps?

Since: Nov 12

Location hidden

#16 Dec 6, 2012
Mr_Bill wrote:
<quoted text>

A higher progressve tax on the upper 2% will go a long way.
Long way to do what, punishing the successful?

You can't possibly mean a long way toward solving the debt/deficit problems because it won't, not by a long shot. Did you not hear your party's call for an unlimited debt ceiling?

EVERYONE, including Obama, knows that.

Since: Nov 12

Location hidden

#17 Dec 6, 2012
Don Joe wrote:
<quoted text>
If taxes go up enough, millions more jobs.
As far as raising taxes on all, the offer stands to keep the taxes low on everyone making under $250,000 per year. So if the GOP won't go for that, then 99% of the people get their taxes raised because the GOP only serves the very very rich.
As far as spending goes, all spending bills originate in the House of Reps. Let's see, who controls the house of reps?
"If taxes go up enough, millions more jobs."?

Please explain.

"So if the GOP won't go for that, then 99% of the people get their taxes raised"

How is that possible? Are you saying democrats will impose a new income tax on the 47% who don't contribute now?

"the GOP only serves the very very rich"

George Bush added thousands of new federal subsidy programs during his presidency. In 2008, there were 1,816 subsidy programs in the federal budget that spread hundreds of billions of dollars annually to special interest groups such as labor, education, state governments, businesses, nonprofit groups, and individuals.

Your claims are easily shot to pieces.
oh yeah

Virginia Beach, VA

#18 Dec 6, 2012
Bob Lewis wrote:
Yesterday, Treasury Sec Geithner told CNBC that President Obama is eager to let America fall off the Fiscal Cliff .....
No, Obama clearly stated during the debates the sequestration would NOT happen!

For your statement to be true would mean Obama was lying.......and we all know only Fox News lies!
CSULB Josh

Long Beach, CA

#19 Dec 6, 2012
Don Joe wrote:
<quoted text>
What? the US might fall into a recession? right on top of a depression. The US has been in a depression since 9/11/2001 and now you are worried that there might be a recession???? LOL
Thousands of jobs? Let's see, that would be small potatoes considering the millions of jobs lost during bush's time in office. Even so, losing jobs is a republican prediction and the GOP has a very poor record with predictions. I suspect it will create more jobs. If taxes go up enough, millions more jobs.
As far as raising taxes on all, the offer stands to keep the taxes low on everyone making under $250,000 per year. So if the GOP won't go for that, then 99% of the people get their taxes raised because the GOP only serves the very very rich.
As far as spending goes, all spending bills originate in the House of Reps. Let's see, who controls the house of reps?
No one is blaming Obama voters for their complete failure to consider the best short and long term interests of the America people. YOU WON. Be Happy. America will only become more dysfunctional, more debt ridden, and more divided over the next four years. It's a Progressive's
Dream come true. Tearing apart the very fabric of society is JOB ONE for the Progressives.

Only Repubs and Dinosaurs want a vibrant, prosperous American style future for their families.

Since: Nov 09

Location hidden

#20 Dec 6, 2012
IMO... All along Obama has secretly wanted the Republicans to stand firm so he would have an excuse for the tax rates to go back to the true Clinton tax rates (higher taxes for all that pay them). It's the only way that he could even come close to taking care of all his spending.

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