Obama Resurrects Tax Increase Argument During Debt Speech
- Posted on June 29, 2011 at 12:36pm by
Jonathon M. Seidl
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WASHINGTON (AP) — In a blunt challenge to Republicans in Congress, President Barack Obama insisted Wednesday that eliminating selected tax breaks for oil companies and the super-wealthy must be part of any deficit reduction plan.
“That’s not radical,” he said at a White House news conference. He was quick to add that a bipartisan agreement is possible to cut deficits, raise the government’s debt limit and avert a threatened financial crisis.
Republicans in Congress have been insistent in recent days that any deficit reduction be limited to spending cuts, including reductions in benefit programs such as Medicare and Medicaid, and exclude additional revenues.
But Obama said both parties must be prepared to “take on their sacred cows” as part of the deficit-reduction negotiations.
In his opening remarks, the president called on lawmakers to renew a payroll tax cut that took effect on Jan. 1, identifying it as one of several measures lawmakers could approve to help create jobs. He also urged passage of trade agreements with Panama, South Korea and Colombia, and an overhaul of the nation’s patent laws.
Obama’s last previous full-fledged news conference was in March. In the intervening months, the economic recovery has slowed, the president has announced a plan to begin withdrawing U.S. combat troops from Afghanistan and the administration has joined an international military coalition working to prevent the rout of rebels hoping to topple Libyan leader Moammar Gadhafi.
Above all loom the negotiations with Congress on deficit cuts demanded by Republicans as the price for supporting an increase in the nation’s debt limit.
The president stepped to the podium not long after the International Monetary Fund publicly urged lawmakers to raise the debt limit, now $14.3 trillion, and warned that failure to do so could produce a spike in interest rates and “severe shock to the economy and world financial markets.”
It recommended a long-term strategy for reducing red ink, warning that cutting deficits too quickly could slow the weak recovery of the U.S. economy.
The budget deficit is projected to reach a record $1.4 trillion for the current fiscal year, which ends Sept. 30.
On Libya, the president defended American participation in the NATO military action, saying the U.S. had carried out a “narrow mission in an exemplary fashion” against a tyrant who was threating to “massacre his people.”
“We have not seen a single U.S. casualty,” he said. “There’s no risk of additional escalation. This operation is limited in time and in scope.”
Under pressure to call for gay marriages, the president said he has done more than all 43 of his presidential predecessors to advance the cause of rights for homosexual Americans.
He pointed to eliminating the ban on openly gay men and women serving in the military, a policy known as “don’t ask, don’t tell,” as well as ordering the Justice Department not to defend a law that defines marriage as between a man and woman.
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Comments (372)
StargazerInSavannah
Posted on June 29, 2011 at 1:03pmTime to cut out the presidential travel budget. Sell the presidential fleet to China should the be interested, else park in the Arizona desert near Tucson. Strip aircraft and move them to the Goldwater Range near Gila Bend.
Report Post »A third world banana republic like the Obama Nation shouldn’t have a aircraft fleet for their petty dictator and his family.
Latest Botswana boondoggle by her sleeveless majesty was said to cost tax payers $800,000,000.00 for the week. An obviously essential expense for national survival.
det45
Posted on June 29, 2011 at 1:02pmWhat a loser!!!!!!
Report Post »TheodoreRoosevelt
Posted on June 29, 2011 at 1:08pmI know you are but what am I? VERY MATURE!
Report Post »gpk
Posted on June 29, 2011 at 1:02pmFor crying out loud lets invade Mexico and take their damn oil……..
Report Post »MIBUGNU2
Posted on June 29, 2011 at 8:49pmHell, Bama won’t even drill the Oil we have in this Country..
Report Post »TheodoreRoosevelt
Posted on June 29, 2011 at 1:01pmhttp://news.yahoo.com/blogs/lookout/much-wars-cost-report-says-4-trillion-130934180.html here’s a way to save 4 trillion dollars, oh wait W had get the guy who tried to “kill my daddy”.
Report Post »gpk
Posted on June 29, 2011 at 1:01pmBig Oil, big oil and on it goes. Our president is a bloody moron. Give me a freaking break.
Report Post »DaveOregon
Posted on June 29, 2011 at 1:00pmThe IMF does not want tax cuts – because the IMF wants to pull the US down – just like the UN. Tax cuts stopped the depression of ‘24-25 -while the New Deal kept the depression of 1930 lasting 3x longer then Europes – which cut taxes and government spending. The Dems blocked Clinton and Bush on correcting Fannie/Feddie, and Bush on stopping “mark to market” and the “affordable housing act” – which led to the corruption of the housing/mortgage market and the leading cause of the recession we are in. Greece, UK and others cutting government to reduce debt – but Obummer is increasing government spending and adding millions of new federal workers. Anything this idiot says you should do – do the opposite!
Report Post »det45
Posted on June 29, 2011 at 1:00pmHey “middleclassprophet” pull your head out of your ass and quit drinking the koolade, your nonsense coming out of your pie hole stinks……det45
Report Post »middleclassprophet
Posted on June 29, 2011 at 1:21pmIt’s spelled “kool-aid”, brainiac. Nice try. Next time move the pop-up pictures in your text book and you might see the words spelled correctly on the page. lol
Report Post »cntrlfrk
Posted on June 29, 2011 at 1:00pmHow do low taxes cause deficits and debt???
Why don’t the reporters ask what spending Obama is willing to cut???
Report Post »TheodoreRoosevelt
Posted on June 29, 2011 at 1:00pmTaxes are currently at the lowest rates they have been in 50 years. If you are fighting for tax breaks for oil companies and corporate jet owners you are on the wrong side. It is simply not possible to cut our way out the the deficit problem that has been brewing since Clinton left office.
Report Post »Zeranol
Posted on June 29, 2011 at 12:58pmsend me your money so can i can spend more.no thanks dude.just leave already
Report Post »Bill Wallace
Posted on June 29, 2011 at 12:58pmAre we a nation of laws or not?
If we are, you don’t get to decide what laws will or will not be followed. If it is a legal law, follow it.
If he doesn’t want a valid law being enforced, well, I don’t want to follow other laws. You break the social contract, don’t expect the citizens to follow it anymore either.
Report Post »middleclassprophet
Posted on June 29, 2011 at 12:57pm2/3rds of all corporations pay no federal income taxes at all and the top 400 richest Americans paid an effective tax rate of 17% all in the last decade. Taxes are the lowest they have been since the 1950′s.
Where are the jobs??
Report Post »cntrlfrk
Posted on June 29, 2011 at 1:02pmWho in their right mind would hire when you have pResident AzzClown threatening to punish them with higher taxes every day???
Report Post »shazam3
Posted on June 29, 2011 at 1:15pmThe jobs are sitting there waiting for the elimination of controlled taxes/EPA restrictions/Obamacare/. Company owners I know have said they will not hire due to the states‘ money problems up in the air and the Gov’s unknown policies. When these regulations are stabilized they will hire, maybe, and the banks will lend. The President just made his talking points to tax the rich aircraft owners not thinking of the thousands who work on these aircraft who will be unemployed. His hand picked reporters asked cream puff questions and the answers were the same Repubs, “It’s my way or the hiway”
Report Post »I.Gaspar
Posted on June 29, 2011 at 1:16pmYou people want to engage in class warfare while feigning good intentions.
Report Post »You want to show good intentions?
Why don’t all the rich, liberal, Hollywood types, athletes, music industry whores, G.E. executives and the rest the obama cronies start up a fund where they donate 75% of their wealth toward paying down some of the massive debt you progressives have saddled us with,…and then talk.
No matter how much you could raise it wouldn’t make a dent in the defecit unless we stop the immoral and insane spending of big government.
You are either stupid…or part of the problem.
tbl10
Posted on June 29, 2011 at 1:17pmIn China, because the Unions and the Democrats drove them out of the country.
Report Post »kaydeebeau
Posted on June 29, 2011 at 1:23pmThat’s odd – how is it then that the top 10% of earners pay 70% of all taxes and 40% of all Americans pay zero?????
Report Post »spotster
Posted on June 29, 2011 at 1:54pmin your moms basement with you right?
Report Post »regressive_democrat
Posted on June 29, 2011 at 2:15pmStifled by the fking government regulations that overburden them you economic ignoramus.
FFS, are you in high school?
Report Post »Dustoff
Posted on June 29, 2011 at 2:46pmAsk GE… O-dumber gave them millions for green jobs, then they left for China to build.
PS… GE paid no tax. Talk to O-dumber.
Report Post »Dustoff
Posted on June 29, 2011 at 2:50pmGood question, Since YOUR party and O-dumber said if you let them spend one trillion bucks you could create them.
So I’ll as you. What happened?
Report Post »conservativeagent
Posted on July 1, 2011 at 4:48pmTexas maybe????
Report Post »Mandors
Posted on June 29, 2011 at 12:56pmHow about ending tax breaks to your weasel buddy Immelt and his company, Barry? “Oil companies” get the same “breaks” as any company. How about cutting useless entitlement spending? How about firing 75% of the people who work for the Federal Government?
Barrack Obama is a moron.
Report Post »RightPolitically
Posted on June 29, 2011 at 12:55pmWhat a disaster !
Report Post »Steve
Posted on June 29, 2011 at 12:54pmI propose a challenge to all supporters of Obama.
Submit past governments and present States within the United States today that through keynesian economics prosperity and economic growth has boomed?
Report Post »TheodoreRoosevelt
Posted on June 29, 2011 at 1:06pmcivilian corps in the 1930s.
Report Post »Steve
Posted on June 29, 2011 at 1:19pmPast governments and existing States. Not groups, organizations, coffee and cake meetings, sponge bob marathon sleep overs or spider-man conventions.
Governments and existing States.
OK?
Report Post »TheodoreRoosevelt
Posted on June 29, 2011 at 1:29pmyou don’t think the CCC was a government entity?
Report Post »Young_Conservative
Posted on June 29, 2011 at 12:53pmHe didn’t blame this on Bush yet? Huh… that’s a new one…
“President Barack Obama insisted Wednesday that eliminating selected tax breaks for oil companies and the super-wealthy must be part of any deficit reduction plan. “That’s not radical,””
Eliminating a tax cut is still raising taxes….
“Under pressure to call for gay marriages, the president said he has done more than all 43 of his presidential predecessors to advance the cause of rights for homosexual Americans.”
Gee…. I wonder why the last 43 didn’t try… maybe because its morally wrong? I wonder why Washington, Jefferson, Adams didn’t address it? Oh wait… maybe it’s because they had MORALS!!!
Report Post »moreteaplease
Posted on June 29, 2011 at 1:50pmAsk Larry Sinclair
Report Post »middleclassprophet
Posted on June 29, 2011 at 12:51pmObama 2012!
Tellin’ the GOPuh-lease to get off their arse and do their job. Love it!
Report Post »cntrlfrk
Posted on June 29, 2011 at 12:56pmWhile being completely incompetent at his own job???
Report Post »bandi9
Posted on June 29, 2011 at 1:07pmlets see, the dems havent passed a budget in how many months? you are a vacant ass
Report Post »Bud
Posted on June 29, 2011 at 12:51pmWashington – Give us more money and we will spend it.
Report Post »aerorepairo
Posted on June 29, 2011 at 12:50pmOh was that on? Sorry I was at a Dixie Chick concert. I probably didn’t miss anything new.
Report Post »tifosa
Posted on June 29, 2011 at 12:45pmCan you say Obama 2012?!
Report Post »Whostolemypig
Posted on June 29, 2011 at 12:59pmYou can paint a turd but it’s still a turd.
Report Post »walkwithme1966
Posted on June 29, 2011 at 1:02pmYes, I certainly can!!! The Republican’s have no one that can beat him!! http://wp.me/pYLB7-14d
Report Post »TheodoreRoosevelt
Posted on June 29, 2011 at 1:04pm6 more years, then 8 years of Hillary.
Report Post »vennoye
Posted on June 29, 2011 at 1:06pmProverbs 11:21 ¶ Though hand join in hand, the wicked shall not be unpunished: but the seed of the righteous shall be delivered.
Whether he is in or out, the end DOES NOT change.
Report Post »Gonzo
Posted on June 29, 2011 at 1:42pmNot without puking.
Report Post »Gonzo
Posted on June 29, 2011 at 12:44pmTo “resurrect” something it would need to have died. Tax increases have never died to a liberal/progressive/socialist lik Obama. It’s his lifeblood.
Report Post »NOBALONEY
Posted on June 29, 2011 at 12:42pmSame ol same ol. Yeah, lets throw another 850 billion down the hole for some more shovel ready jobs, and another summer of recovery.
Report Post »middleclassprophet
Posted on June 29, 2011 at 12:59pmI’d like to ask Republican voters one question:
Do you understand that the economic meltdown occurred BEFORE a Democratic President got into office, and if you can admit that truth, can you NAME ONE POLICY the Republicans have changed that would convince you they would not do it all over AGAIN?
Report Post »Mandors
Posted on June 29, 2011 at 1:08pm@middleclass(less)prophet
Do YOU understand that your buddy Obama said his policies would create jobs and fix the economy? His words. People believed him. He failed. Everyone knows this poor excuse for affirmative action president inherited a bad economy. He made it worse. No debate. He made it worse.
Stopping pointing fingers and assume some responsibility.
Report Post »IAMMADDOG
Posted on June 29, 2011 at 2:00pmmiddleclassprophet you do know that congress (which was controlled by the DEMOCRATS when the economy tanked) controls the spending NOT the President? Do you care or are you just glad to smear conservatives?
Report Post »FREDD The WILSON
Posted on June 29, 2011 at 2:12pm@MiddleClasslessProphet:
He fired the CEO of a privately owned car company.
He fired the CEO of a privately owned bank.
He took over a privately owned bank. He took over 2 privately owned car companies and gave control to the government and the UAW while giving the REAL and LEGAL owners nothing.
Report Post »He has no plan to help the economy.
He has no plan to save Medicare.
He has no plan to save SS.
It took him almost 2 weeks to make a statement about the Gulf oil spill.
It took him a month before he did anything to help with the Gulf oil spill.
It took him 7 days to make a statement about the Ft. Hood shooting.
It took him 6 months to decide to do a troop surge in Afghanistan.
He flip flopped on Egypt.
He started a war in Libya with out the approval of Congress. For you Libs he started a kinetic military action in Libya with out the approval of Congress. LOL!
At current spending levels he will at $5 trillion to the debt in just 4 years. It took Bush 8 to add that much debt.
January 3, 2007. Remember that date. Barney Frank and Chris Dood took over the finances in this country.Before that date records were establish for number of consecutive months of growth, Unemployment was below 5%. Then came all that hope and change.
salvawhoray
Posted on June 29, 2011 at 12:42pmhe’s talking out his ass again.
Report Post »cessna152
Posted on June 29, 2011 at 1:06pmI wish he would, as it would actually make more sense.
Report Post »Delta D-5-3
Posted on June 29, 2011 at 1:12pmVery Simple……..STOP BURNING…opps, SPENDING OUR MONEY!!!! Tax hikes, IN THIS ECONOMY spells doom Mr. President!! Any 8th grader learns this. Did you skip the 8th grade??? H E L L O?????
Report Post »streetrodder
Posted on June 29, 2011 at 1:16pmNot yet Still talking out his A$$
Report Post »TomFerrari
Posted on June 29, 2011 at 3:18pm@Delta – burning cash would actually reverse the effect of printing cash. but, printing cash was done to artificially inflate stock prices – so burning it would deflate stocks
the fed stabilizes stock prices now, not the u.s. dollar as they are chartered to do.
Do you think the fed chairmen/board OWNS more stock or holds more cash in their personal accounts? They have a conflict of interests by design.
Reinstate the gold standard then abolish the fed.
Report Post »nomercy63
Posted on June 29, 2011 at 12:41pmI don’t trust anything that comes out of that half black, African born Muslim POS mouth!!!!!!!!
Report Post »middleclassprophet
Posted on June 29, 2011 at 12:53pmSpoken like a true bigot.
Report Post »cessna152
Posted on June 29, 2011 at 12:58pmmiddleclassprophet
Called an OPINION! Hey dope, how much are you getting paid to sell out your country.
BTW, please answer what awesome things this President has done for this country?
Guarantee you won’t answer….
Report Post »walkwithme1966
Posted on June 29, 2011 at 1:00pmWow, you aren’t a bigot are you – hey, but at least you are honest about how your feel.
Report Post »http://wp.me/pYLB7-14d
TheodoreRoosevelt
Posted on June 29, 2011 at 1:03pmPOTUS got rid of DADT. Great for equality! you disagree?
Report Post »cessna152
Posted on June 29, 2011 at 1:04pmI heard a very funny remark a few weeks ago when a famous sandwich maker spoke:
Man in crowd: “Hey Joey, are you going to name a sandwich after Obama”?
Report Post »Joey: ” I have not thought about that…nor would I give him the privilege”
Man in crowd: “Well, whatever you name after Obama, I’m sure it will be filled with Bologna”.
Locked
Posted on June 29, 2011 at 1:15pmYou don’t trust half-blacks, nor Africans? That’s… uh… hmmm. What’s the word for that again? Macist? Tacist? Gosh, just can’t think of it…
(Rolls eyes)
Report Post »cessna152
Posted on June 29, 2011 at 1:17pm@TheodoreRoosevelt
Equality for whom?Military was completely against it. Please explain how it is “equality” when the majority is hurt. Also, I believe you are confusing equal rights with equal freedom… care to explain how they are the same?
Also, that is a very lame and has not helped the USA at all. Care to explain what he has done for the economy? What good has he done?
Report Post »middleclassprophet
Posted on June 29, 2011 at 1:18pm- Eliminated subsidies to private lender middlemen of student loans and protect student borrowers
- Increased funding for national parks and forests by 10%
- Signed financial reform law allowing shareholders of publicly traded companies to vote on executive pay
- Cut prescription drug cost for medicare recipients by 50%
- Extended Benefits to same-sex partners of federal employees
- Created more private sector jobs in 2010 than during entire Bush years
- Signed New START Treaty – nuclear arms reduction pact with Russia
- Increased average fuel economy standards from 27.5mpg to 35.5mpg, starting in 2016
- Signed the Lilly Ledbetter Fair Pay Act, restoring basic protections against pay discrimination for women and other workers
- Provided travel expenses to families of fallen soldiers to be on hand when the body arrives at Dover AFB
- Provided the Department of Veterans Affairs with more than $1.4 billion to improve services to America’s Veterans
- Signed the Children’s Health Insurance Reauthorization Act, which provides health care to 11 million kids — 4 million of whom were previously uninsured
- Increased minority access to capital
oh yeah….and took out Bin Laden.
Guaranteed, huh? lol
Report Post »IAMMADDOG
Posted on June 29, 2011 at 1:57pmMIDDLECLASSLESSPROPHET Said:
- Created more private sector jobs in 2010 than during entire Bush years
Thats why unemployment is above 9% (more like 16%) compared to the 4.3 unemployment during Bush. You my friend are not from the middleclass.
- Extended Benefits to same-sex partners of federal employees – Just more spending.
- Extended Benefits to same-sex partners of federal employees
Report Post »cessna152
Posted on June 29, 2011 at 2:25pmmiddleclassprophet
- Eliminated subsidies to private lender middlemen of student loans
***means gov’t run. No competition.. spending!
- Increased funding for national parks and forests by 10%
***spending****
- Signed financial reform law allowing shareholders of publicly traded companies
*****National Socialist policies… that’s good?****
- Cut prescription drug cost for medicare recipients by 50%
***where…please post facts…link***
- Extended Benefits to same-sex partners of federal employees
****spending, entitlement****
- Created more private sector jobs in 2010 than during entire Bush years
***Huh? 17% unemployment (U6) you smoking crack. Please post that link****
- Signed New START Treaty – nuclear arms reduction pact with Russia
***weaken our defense.****
- Increased average fuel economy standards from 27.5mpg to 35.5mpg, starting in 2016
***he did? Car companies ahd nothing to do with that?***
restoring basic protections against pay discrimination for women and other workers
***companies can’t afford them now***
- fallen soldiers to be on hand when the body arrives at Dover AFB
***Nice, but more spending..OUR money***
- Provided the Department of Veterans Affairs with more than $1.4 billion to improve services to America’s Veterans
**Link***
- Increased minority access to capit
Report Post »****Ummm, what about others? That’s not equal freedom. More spending****
GeorgieJo
Posted on June 29, 2011 at 2:46pmI simply CANNOT listen to Obummer anymore
He spews deceptive lies and is NOT a leader
Off to Martha’s Vineyard in August Meechelle needs some more lobster
I will NEVER go to Marthas Vineyard again
Why did America elect a Tourist-In-Chief?
NO BO in 2012!!!!!!!!!!!!!
Report Post »TomFerrari
Posted on June 29, 2011 at 3:08pm@Theodore – ACTUALLY, potus did NOT fet rid of dadt – CONGRESS DID!
Report Post »Now, potus takes ‘credit’ for it –
He REFUSED as CiC to end dadt, stating he felt it needed to come from Congress –
This insulated him – same thing he does every time – delegate – then failure is not on his shoulders, while he can claim any and all successes as his own.
michael48
Posted on June 29, 2011 at 3:47pm@ midlifecrisis…ok.. he’s a white trash POS…never had a job in his ENTIRE LIFE and will be , FROM CRADLE TO GRAVE a total drag on THE WORKING CLASS…just an affirmative IN-ACTION IDIOT…spin it however , Comrade, YOU”RE BUYING !!!!!
Report Post »stifroc
Posted on June 29, 2011 at 5:23pm@cessna152
very nice, you saved me a ton of typing
Report Post »AOL_REFUGEE
Posted on June 29, 2011 at 12:39pmWhat a screwball.
Report Post »cessna152
Posted on June 29, 2011 at 12:44pmHe was quick to add that a bipartisan agreement is possible to cut deficits,
______________________________________________________________________________________
Hey dope-bama it is your SPENDING that has caused the problems. We don’t have a taxing problem, just a corrupt spending one. Let me put it as simple as possible:
I work three jobs and make $100,000 per year, my wife goes out and spends $150,000 per year on junk, corrupt cr@p. Who’s fault is it that we have the debt? Mine? I should go out and get a fourth job?
DOPE!
Report Post »Snowleopard {gallery of cat folks}
Posted on June 29, 2011 at 12:45pmObama is consistant in his progressive socilaist kenesyian economics loser philosophies:
He wants to tax everything into oblivion to make sure the nation will fail completely.
Report Post »HKS
Posted on June 29, 2011 at 12:51pmLiberals have never seen a tax that they didn’t like, or a dollar they couldn’t spend. That’s what they do. I guess the lower half knew what he was when they elected him.
Report Post »KickinBack
Posted on June 29, 2011 at 12:52pm“The economy of the past decade cannot be corrected overnight”
As Obama said…In other words, “I blame Bush”
Report Post »smithclar3nc3
Posted on June 29, 2011 at 12:52pmWhy don‘t we eliminate the 100’s of billions wasted on cowboy poet,climate change propaganda science,foriegn aid,health and welfare benefits to illegals in the countryand useless wars that will achieve absolutely nothing. hOW ABOUT WE ABOLISH ALL PUBLIC UNIONS MAKE THEM COMPETE AGAINST EACH OTHER FOR RAISES BASED ON MERIT NOT TIME SERVED.
Report Post »Before we raise one tax dollar on the people who actually pay taxes(federal and state employees don’t as their tax dollars are paid with private citizen tax dollars) we cut every singl;e solitary piese of government waste first.
middleclassprophet
Posted on June 29, 2011 at 12:52pmQuestion to Tea Party Members and far right leaning Republicans: Wouldn’t it be better, at a time of serious problems with our economy, to end this childish tirade of the current President and think about what it is he is saying then to continue going about trying to block every form of progress and accomplish nothing?
How does the Republican Party feel it can win this upcoming election? It appears that your only plan is to tell Americans that Obama is to blame for the economic problems while you do absolutely nothing to help the economic problem. You plan on winning, not on what you have done (which isn’t much for either party right now) but by saying that you would be better than him?
I think so because, so far, you have not brought one candidate to the table that could even be the POTUS let alone run for it.
Don’t you think it would be better to run on what you can accomplish instead of what you can break down and destroy?
Report Post »banjarmon
Posted on June 29, 2011 at 12:56pmIt is TIME of this UN-AMERICAM to leave for good!!!
Report Post »cessna152
Posted on June 29, 2011 at 12:56pm@middleclassprophetDOPE,
Please give me One hundred million dollars NOW!!!
No? You are a childish, uncompromising, stupid…dope!
Report Post »TexasCommonSense
Posted on June 29, 2011 at 1:01pmWhat a screwball, indeed. $1.5T in deficit each year and that just can’t find a thing to cut.
Report Post »Mandors
Posted on June 29, 2011 at 1:02pm@middleclassprophet: blow your “I’m the independent voice of reason” out your @ss.
Barry the bozo’s policies have contributed to our economic mess. He ran on the promise that he would fix the economy NOW. He has failed and has earned every ounce of criticism and vitriol from this board. Now is the time to remind every independent the enormous and foolish mistake they make by electing an incompetent neophyte just because of the color of his skin.
We have listened to what Barry said, and it’s a broken record. Next.
Report Post »hauschild
Posted on June 29, 2011 at 1:07pmThis idiot just stated the republicans “have no sustainable plan”. Uh, no you-know-what, Sherlock! You think reasonable minds actually believe you can keep the current plan going that is a ponzi scheme?
How terribly ignorant and stupid is Obama, really??? I mean, it‘s like we’re dealing with a person with the intellect of a 12 year old public school student.
What is the most amazing in all this is that the damned fool actually has the stones to show his face in public after the carnage he’s wreaked. It’s the type of trait possessed by people like Rev. Wright, Al Sharpton, Hugo Chavez, Castro, etc…
It’s mind-boggling.
Report Post »Untameable-kate
Posted on June 29, 2011 at 1:08pmmiddleclassprophet
Report Post »Why do liberals always think the solution to overspending and corruption is to confiscate more of the peoples’ income. The government is not entitled to more then half of my earnings. No matter how much they take they will spend it all and take more. Why are you all so unwilling to cut the spending? We are taxed enough, time for the government to cut the spending and stop the class warfare.
Gripes
Posted on June 29, 2011 at 1:09pm@middleclassidiot:
Report Post »We HAVE listened to what Obama has said. This is exactly what he meant when he said that he was “managing the decline of America”. “Managing”, not “preventing”, “delaying” or “combating”. Obama and his ilk want the US to be in decline. A tax on energy producers and the rich would be highly damaging to the economy and would cost the United States countless jobs. The rich are the job producers. By taxing their income, you disincentivize business. Try to think through the economics of the situation and the problems at hand for a change.
TexasCommonSense
Posted on June 29, 2011 at 1:09pmmiddleclassprophet, let me make this simple for you. I‘ll use small words so you’ll be sure to understand.
“Cut Spending”
Sincerely,
Report Post »The Taxed Enough Already Party
sissykatz
Posted on June 29, 2011 at 1:12pmSmith I agree completely !!!!!! It’s looks like I am trolling you ha ha . But you are expressing exactly what I want to say…… I don‘t know why this clown doesn’t just record this speech,and save time….. He says the exact same foolish things every time. He knows nothing about finance. I wish he would just stay on the golf course and let the Republican try to correct this mess he has gotten us into.
Report Post »Locked
Posted on June 29, 2011 at 1:12pmPeople need to decide: is balancing the budget more important than their personal tax rate? Everyone agrees spending cuts are needed, but the math is simple: if you don’t increase taxes in addition to cutting items that neither side can agree on, the budget cannot be balanced.
If we want Medicare and Social Security cut, we need tax increases as bargaining chips. The Democrats will not kill themselves for the sake of the budget; it’s not their priority. They’d rather spend spend spend… and if we can balance the budget too, well, that’s cool. If we don’t agree to negotiate tax rates, then the GOP does not want to actually balance the budget, no matter what they say. Refusing to compromise is the same as giving up; we all need to step up, be the bigger men, and say “Fine, everything is up for debate. Taxes, AND your golden cows of social security and Medicare.”
Anyone denying this doesn’t actually want to balance the budget, because they KNOW nothing will be done unless it happens.
Report Post »KickinBack
Posted on June 29, 2011 at 1:12pm@Middleclassprophet
Better if government accomplishes nothing. Too many elected officials go into office with the “We have to pass stuff to make it look like we’re doing something so we can get re-elected” attitude.
Report Post »Chusal
Posted on June 29, 2011 at 1:15pm@HKS,
Report Post »I am the lower 50% of economic ladder. I detest being there yet it is as it is. I work to elevate myself and Despise this Marxist with everyfiber of my being. I know many others whom are not in the upper 50% that did not vote for Obummer. He was elected by those whom chose to not show up on election day because they did not want the Progressive Mush Mouth Spinless McCain to be POTUS. Obummer was elected through massive black turnout that voted for him based on the color of his skin not the policies or positions (oh wait he voted present mostly) he stood on. He is what he is and even the Black community is waking up to it. I truley find that it was the Upper 50% that helped by not coming out in droves against him instead they sat back and did nothing or supported him.
TomFerrari
Posted on June 29, 2011 at 1:15pmMore false choices from obama:
cut spending AND “cut taxes” is not a single choice, and he knows it.
He claims we will be “cutting taxes” by not RAISING TAXES !
We have ALREADY VOTED on raising taxes. It FAILED FAILED #FAILED
Put EVERY cut on the floor for an up or down vote – clean votes – every cut.
Put EVERY tax increase on the floor for an up or down vote – clean votes – every tax hike!
(OH, we already did that ) I’m even willing to do it AGAIN!
BTW:
Report Post »They are NOT called “leaders” they are called “REPRESENTATIVES”
Kevin
Posted on June 29, 2011 at 1:16pm@MiddleClassProphet
But isn’t that what Obama did to get elected? Blame Bush and make empty promises?
Personally, I have no problem with paying higher taxes to reduce the deficit. BUT, I have serious problems with paying higher taxes to fund more entitlements, more waste, and more abuse of power. When Obama promises to eliminate those things, then we will discuss a tax increase!
Report Post »TomFerrari
Posted on June 29, 2011 at 1:16pm“The ends justifies the means” seems to be obama’s excuse for Libya – “there’s been a lot of talk about process” – He is ADMITTING that the process (read: LAWS) don’t matter!!!
He says we need to look at “substance” and not “process” = look at my goals, not at the laws!
It’s NO WONDER he keeps breaking laws and urinating on the Constitution!!!
For him and the socialist democrat people, “substance” overrides laws – to use his words.
Mr. President – WE ARE A NATION OF LAWS!!!!!!!!!!!!!!!!!!!!!!!!!!!
Get the hell out of OUR OFFICE!
You SWORE AN OATH to UPHOLD the Constitution !
Not to skirt it.
Not just when it is convenient.
Not just when it suits your purposes.
Not just when it is in line with your objectives.
YOU ARE APALLING !
ANYBODY BUT OBAMA !
Report Post »TomFerrari
Posted on June 29, 2011 at 1:16pmregarding same-sex marriage – obama responds,
WE DECIDED doma is unconstitutional, so we aren’t going to defend it.
Again, HE is only following the laws HE LIKES !
He believes “substance” trumps “process”
That is just code for the ends justifies the means or, ‘I don’t have to follow the laws or the Constitution if I think it is wrong.’
Mr. President, you SWORE AN OATH to UPHOLD and to DEFEND
The Constitution of The United States of America!!!
You did NOT swear to uphold the parts YOU liked, or the parts that were in line with YOUR goals or YOUR objectives or YOUR values.
This is a NATION OF LAWS!
You DO NOT GET TO PICK AND CHOOSE, just because you are in OUR OFFICE!
Since that is what you are now stating is your belief,
GET THE HELL OUT OF OUR OFFICE!!
ANYBODY BUT OBAMA !
Report Post »TomFerrari
Posted on June 29, 2011 at 1:16pmHow DARE obama invoke “PROCESS” and “RULE OF LAW” when discussing TERRORISTS, while SECONDS before, he completely DISMISSED “PROCESS” and rule of law when discussing Libya and The War Powers Act, and DOMA and The Constitution!!!
WHAT A HYPOCRITE !
Report Post »TomFerrari
Posted on June 29, 2011 at 1:17pmNot sure why I decided to listen to him today…
maybe I got a little more COURAGEOUS!?!?
When he speaks extemporaneously like this, is when the nuggets of truth are found.
Report Post »He is accustomed to using a teleprompter.
So, when he is off-teleprompter, he cannot HELP but speak the truth at least OCCASIONALLY.
Sometimes you have to DIG for it, but, the truth is there.
In the safety and secrecy of their closed-door meetings, they use the same arguments, justification, phrasing, etc., with regularity – it is human nature – certain phrases will percolate to the top of the conversation in such meetings – it is even a part of their Alinsky tactics.
HOWEVER, this is also their weakness – in repeating certain phrases and justifications, those same phrases and justifications will surface anytime they are speaking without prepared comments. So, when he goes off-prompter, he will naturally let certain phrases ‘slip’, or he will repeat certain phrases more than once, or will repeatedly use the same justification for his actions.
THOSE are the moments of truth and clarity which catch my attention.
There is also something in his (and everyone’s) mannerisms and speech patterns that highlights which of those repeats are ‘prepared’ and which are unintended – much of it is the “um” “um” “er” “um”, the hesitations, the unusual word choice, the eye contact, and the body language.
JohnGalt
Posted on June 29, 2011 at 1:17pmI was hoping a journalist would ask him,
” How would you make sure that a tax hike would go to paying off the debt and not for more spending?”
I’m doubting he had an answer.
Report Post »JohnGalt
Posted on June 29, 2011 at 1:22pm@middleclassprophet,
Report Post »You do realize that 10 years ago, Canada’s debt to GDP was as high as ours, over 10 years of cutting back on government spending, their economy is booming. Shouldn’t that tell you something?!
USAMEDIC3008
Posted on June 29, 2011 at 1:22pmJust another Masterdebater
Report Post »pajamash
Posted on June 29, 2011 at 1:25pmThis clown’s tax cuts were far overshadowed by his Obamacare. His tax cut for the middleclass was equivalent to about $300 for the year for me. Obamacare caused/gave my company the opportunity to raise our premium/deductible 70 percent or about $1000 for the year. I am in the hole $700 dollars from just one of his policies.
Report Post »fastfacts
Posted on June 29, 2011 at 1:31pmHYPOCRISY:
Did you see him rip apart the private jet industry. Savaged them. Isn’t it funny that he put a stimulus fund dedicated to the private jet industry into the first stimulus. He did it then and now he is trying to hide it and demonize them: http://tiny.cc/k53z0
Report Post »2smart
Posted on June 29, 2011 at 1:33pm@middleclassprophet(?) January 3, 2007, was the day the Democrats took over the Senate and the Congress, At that time:
Report Post »The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush’s Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB CREATION!
Remember the day. January 3, 2007 was the day that Barney Frank took over as Chairman of the House Financial Services Committee and Chris Dodd took over as Chairman of the Senate Banking Committee.
The economic meltdown that happened 15 months later was in what part of the economy?
BANKING AND FINANCIAL SERVICES!
Thank Congress for taking us from 13,000 DOW, 3.5 GDP and 4.6% Unemployment to this CRISIS by dumping 5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie Mae and Freddie Mac fiasco’s! (BTW: Bush asked Congress 17 TIMES to stop Fannie & Freddie – starting in 2001, because it was financially risky for the U.S. economy, but no one was listening). And who took the THIRD highest pay-off from Fannie Mae AND Freddie Mac? OBAMA. And who fought against reform of Fannie and Freddie??? OBAMA and the Democratic Congress.
So as far as a viable candidate, my dog would have a reasonable chance at beating the Empty Suit in the WH. And he couldn’t do worse that the current situation. Besides, cutting Michelle’s travel expenses and vacations would bring more revenue than any tax.
NHwinter
Posted on June 29, 2011 at 1:41pmA priest told me once that evil has unending energy. I see that now.
Report Post »YEAHYOURIGHT
Posted on June 29, 2011 at 1:49pm@MIDDLECLASSPROPHET – You are quite backwards here. Obama is purposefully killing our economy and the public is getting the idea and is tired of the lies.
We want to stop the spending. Now! Not reduce it, not negotiate compromises and tradeoffs. It must stop now to force serious, unhappy choices to be made. That IS the plan.
Not tearing anything down (Obama’s plan). Creating an environment in which we flourish as a nation. Less government, lower taxes, personal responsibility and private property ownership. Very simple.
The libs have skillfully scared special interest members that the evil republicans want to starve children and pull the plug on granny, so now it’s a tough job and it will hurt. Shared sacrifice, right : )
So it’s grow-up time. Put your big-girl panties on and help, or stay out of the way.
Report Post »encinom
Posted on June 29, 2011 at 1:54pmJustifiy the tax breaks to the Oil Companys when at the same time you are looking at cutting off Granny from Medicare.
Report Post »sWampy
Posted on June 29, 2011 at 1:56pmHow about we tax Soros, Gates, Jobs, Petty, Oprah, etc, all the ultra rich elite liberals at 100% all wealth, give them food stamps, and a housing allowance, tax lawyers at 95% of their income, and then in 5 years see how we can fix the current mess. 5 years of these jerks not screwing with our government would be plenty of time to get good people in place that could actually fix the economy.
Report Post »jkendal
Posted on June 29, 2011 at 2:08pmI have just two words for this man – the first one starts with an ‘F’ and the second word is OFF!
Report Post »hauschild
Posted on June 29, 2011 at 2:11pmThis country is literally on its last legs.
I’m trying to determine whether the chaos erupts suddenly and violently, or if it will be gradual, a la Greece.
Report Post »cessna152
Posted on June 29, 2011 at 2:17pm@encinom
Please post that shows a fact that oils companies get subsidies…I really want to see that.
Report Post »mikelivi
Posted on June 29, 2011 at 2:17pmIt amazing how this Odumba$$ says “we need to deal with the dificit. Hesd the one that has tripled the damn thing after Bush doubled it! Unbeleivable! The King strikes again, never mind truth just make sh*t up and all the liberal lemmings buy it hook line and sinker!
Report Post »mikelivi
Posted on June 29, 2011 at 2:18pmIm sorry Im so pissed I cant even spell right, hahahahahaah!
Report Post »knockered
Posted on June 29, 2011 at 2:18pmDoes he not take responsibility for anything. The first words out of his stupid mouth was that the congress can help jobs right now. That was enough right there for me to turn it off. In the words of his ag when are his people going to wake up and see what a monster he really is.
Report Post »beekeeper
Posted on June 29, 2011 at 2:25pm“In his opening remarks, the president called on lawmakers to renew a payroll tax cut that took effect on Jan. 1, identifying it as one of several measures lawmakers could approve to help create jobs.”
_________________________
What? Tax cuts create jobs?! Isn’t that what the GOP has been saying for months now?
Report Post »beekeeper
Posted on June 29, 2011 at 2:28pm@middleclassprophet wrote:
“How does the Republican Party feel it can win this upcoming election? It appears that your only plan is to tell Americans that Obama is to blame for the economic problems while you do absolutely nothing to help the economic problem. You plan on winning, not on what you have done (which isn’t much for either party right now) but by saying that you would be better than him?”
_____________________
That EXACT strategy got a first-term Senator from Illinois elected in 2008…
Report Post »encinom
Posted on June 29, 2011 at 2:30pm@cessna152
From the Wall Street Journal, the lobby group for the Oil Industry believes the Oil Company receives subsidies. “Oil and gas companies, represented by the American Petroleum Institute, are trying to preserve the tax incentives.” http://online.wsj.com/article/SB10001424052748704364004576132542354854866.html
Report Post »TomFerrari
Posted on June 29, 2011 at 2:31pm“We have to tackle spending in the tax code”
Those are his own words in this speech.
He concedes, as does everybody, that SPENDING is the problem.
However, as he CLEARLY STATES in the above quote, he sees a lack of taxation as “spending”.
Using his very own words, if we tax everybody 100% of their income, we are not “spending”.
ANYTHING LESS than 100% TAXATION is considered “spending” to him.
So, he considers the fact that we are allowed to keep ANY of our income is part of the problem!!!
This man may be worse than “JUST” a SOCIALIST!!!
He COULD be a Marxist or even a COMMUNIST, based upon this assertion and belief.
I’m not making this up, folks. THESE ARE HIS OWN WORDS.
If you view non-taxation as an EXPENSE, you are NOT a capitalist and you are not even a ‘socialist’ you are either a marxist or a communist. You believe that government is entitled to any and all personal wealth, and if government fails to take any of that wealth, the government is SPENDING money by not taking it.
If wealth belongs to the people, then you are TAKING it from them.
If wealth belongs to the state, then allowing people to keep it is SPENDING.
The difference is CLEAR – it is as plain as night and day.
This guy is WRONG for America!
He needs to go to Russia or China or at least to Europe where he is ‘not a radical’
OH, and just a note for you, mr. president, “just because you SAY something is ”not radical” does not make it so!
Wealth belon
Report Post »mikem1969
Posted on June 29, 2011 at 2:36pmobahitlerstalinmao, you and your cronies have stopped every single attempt at a true budget cut and deficit reduction plan. You seem to think that taxing us more is going to fix things, but you are dead wrong, it will make things worse, but then that plays into you and your groups plans to kill AMERICA. You will be gone in 2012.
Report Post »Drives Like Jehu
Posted on June 29, 2011 at 2:54pmliberal/pinko/progressive/fascist/socialist/commie answer to everything: tax and leverage (borrow) and SPEND. Has anyone else noticed the anti-parallelism of the anti-oil pro-tax crowd? They holler that we cannot solve our energy problems by drilling (drill baby drill) but then scream that we cannot solve our economic problems without taxing (tax baby tax); we must solve our enery problems by conserving (56.2 mpg) but we must solve our economic problems by spending (no cuts allowed).
Report Post »BetterDays
Posted on June 29, 2011 at 3:02pmJust more class warfare. The democrats under Obama seem to desire the demise of the middle class.
Report Post »Oh they spout great empty words about protecting it, kids, grandma, and the constitution, whenever they can earn moral value points. Sadly they don’t actually posesses any morals and Americans are catching ahold of this truth. A recient poll shows only 42% might vote for Obama, worse for the democrats in congress. In fact 46% would vote for ANYONE rather than Obama, we just need to make sure we don’t get another socialist globalist.
Stick to your guns TP congress members, were sending reinforcements in 2012. And once you’ve got those reinforcements, we expect you to put the socialist legislations into permanent retirement.
Drives Like Jehu
Posted on June 29, 2011 at 3:38pmMy…my…the lazy libbies are certainly panicked that their endless stream of “goveymint fweebies” might get disrupted.
Report Post »michael48
Posted on June 29, 2011 at 3:40pm@ insano…one more time…corps don’t pay taxes ..they collect them….raise thier cost…raise your cost per gal. of gas…..BTW…Big Oil collected and paid uncle SamBHO $90 Billion last year…UAW/GOV. MOTORS got a $45 Billion TAX SUBSIDIES…GOV. ELECTRIC paid ZERO…he’s hiding a TAX INCREASE TO YOU ENCINOM…put down “das kapital” and get a dose of reality…
Report Post »Want our country back
Posted on June 29, 2011 at 4:22pmWere his lips moving…..
Report Post »silentwatcher
Posted on June 29, 2011 at 4:54pmStill refusing to curb your excessive spending, huh? Nevada can‘t get by without Fed funding for their ’cowboy poetry’ and other b.s. programs? You people are a joke.
Report Post »jakartaman
Posted on June 29, 2011 at 5:02pmThis Pinhead POTUS has not lead at all – he has not put forth a budget or deficit reduction plan -Nor has his dopey Demedopes. Just give us more of your $$$
Report Post »Ryan and the Repubs have put a plan forward and want a BALANCED BUGET AMMENDMENT!
stifroc
Posted on June 29, 2011 at 5:20pm@Middleclassprophet
The republicans have not offered a solution??? Ummm yes we have. We offered alternative solutions back in 2009 and in 2010. We were told to shut up, he won the election and he doesn’t have to listen to anything we say. Republican Governors across the country have been doing a stellar job, ans they get called fascists and nazis. The Paul Ryan budget!!!
So there goes your “you haven’t done anything or provided any alternatives” shtick.
“Failed economic policies of the past decade”
Okay, this one is easy. What did George Bush do? He increased federal spending by 2 trillion, and got us into 2 wars. What has Obama done? THE EXACT SAME THING! HE IS FOLLOWING BUSH’S POLICIES! Obama has increased federal spending by over 4 TRILLION dollars, we are STILL in Iraq, Afghanistan and NOW Libya. Not to mention the VAST amount of federal regulations passed on the food industry and the farming industry.
I mean c’mon guy… if you are going to take the approach of “I’m an objectionable level headed Liberal”, then at LEAST use new material and at least present us with some common sense or fact that can’t be shot down by a 10 year old and laptop.
Report Post »ISRAELISOURFRIEND
Posted on June 29, 2011 at 6:37pmTax us Til Death is Legalized Slavery.
Mr. Obama, WE ARE NOT YOUR SLAVES.
You use people to fit your agenda!
Report Post »ZOMBIE JESUS LOVES ME
Posted on June 29, 2011 at 6:42pmTax the rich, Obama! Tax their butts good!
The great American Dreams comes with a price tag, Richie Rich! Time to pay (for a change).
Report Post »MIBUGNU2
Posted on June 29, 2011 at 7:05pmNice !!!!!! S.O.S. !!!!! Think your advi(soros) is
Report Post »sending you down the tube..
Everyone else’s fault but YOURS.. Get er done !!
MIBUGNU2
Posted on June 29, 2011 at 7:48pm@ middleclassprophet
Posted on June 29, 2011 at 12:52pm
Question to Tea Party Members and Republicans:
How does the Republican Party feel it can win this upcoming election? It appears that your only plan is to tell Americans that Obama is to blame for the economic problems. (He Is) !! for 30 Months..
Don’t you think it would be better to run on what you can accomplish instead of what you can break down and destroy?
30 months and Bama has acomplished NOTHING !!! but SPEND, SPEND, SPEND !!!!!!!!
Check out these links..
http://stutteringmessiah.wordpress.com/2011/04/13/barack-obama%E2%80%99s-top-10-flip-flops/
http://www.cnsnews.com/news/article/111th-congress-added-more-debt-first-100
YOU can keep your head buried in the sand, We are NOT..!!!!
Report Post »jzs
Posted on June 29, 2011 at 8:46pmThe posts here show the clearly difference between the left and the right. In the clip, President Obama says he is in favor of ending government subsidies for oil companies. Oil companies are making record profits and the gas prices remain high. Do you think if Big Oil makes record profits they’re going to lower the cost of oil? No, that would be stupid. You think they give a damn about what you pay at the gas pump? They are in the business of making money and they will charge whatever the market will support, just like the oil speculators will, like any other company.
So Big Oil is making record profits, you’re paying outrageous prices and the pump, and you want the government to GIVE THEM MONEY?
This is simply politics: the right supports the “richest among us” even though it’s against your best interest and raises the national debt. You think you are being patriotic paying for the mansions, jets and limos for people who laugh at you and screw you out of every penny they can get. Suckers.
Report Post »TexasCommonSense
Posted on June 29, 2011 at 8:50pmZOMBIE JESUS LOVES ME, so the government can waste as much money as they like and simply demand more taxes? The government could take 100% of their money and hardly make a dent. What then, genius? Who will create the jobs, government? Government jobs are paid for by tax payers, so that’s even more money spent. ZOMBIE JESUS LOVES ME, you need to get a clue.
Report Post »TexasCommonSense
Posted on June 29, 2011 at 8:54pmencinom, do you mean the oil companies who provide the energy you use to get you arse around and deliver the food you eat and products you use to the stores? They get the exact same corporate tax exemptions and any other company. great, take them away, and watch your energy prices necessarily skyrocket. Then again, isn’t that the plan? encinom, you’re another one who needs a clue.
Report Post »TexasCommonSense
Posted on June 29, 2011 at 8:58pmjzs, the government doesn’t “give them money”. The subsidies are tax breaks. In other words, the government takes less of their money leaving them more to re-invest in exploration, production, and contributions to your 401(k). Yes, your 401(k); assuming you even have one, it’s is most likely invested in oil companies. Get it?
Report Post »HONEY BADGER
Posted on June 29, 2011 at 9:22pmThe Obamanog doesn’t even know the age of his own daughter! What a gaff, where is the media on that!
Report Post »jzs
Posted on June 29, 2011 at 9:33pmTexasCommonSense, sorry I don’t “get it.” Oil companies are making records profits. They are making more money than ever before and you and I are getting squeezed at the gas pump. And you want the government to give them more money. Okay you say “subsidize” meaning they don’t pay those taxes, rather than paying those taxes and the government giving it back to them. Whatever.
So Big Oil is making record profits, I’m getting screwed at the gas pump, and you want to give Big Oil more money to explore? They can do that with their profits right? Like other companies?
Sorry, Big Oil isn’t contributing in my 401K. If that’s your argument for increasing the national debt, creating more billionaires while Americans get shafted on the debt and at the gas station, then you should get another argument.
Report Post »Gold Coin & Economic News
Posted on June 29, 2011 at 10:10pmThis man is a blithering monstrous fool. He thinks beyond any sense of reason that people who have built successful businesses and have worked their whole lives somehow owe what they have built to the government. How does the government lay claim to what rich people have created and built with their tireless work and the wealth they created? By what right does this demon child claim that those that have produced must now give it up to those who have spend frivolously and criminally and want to give it to those that have not created?
Who’s money is it in the first place?
Report Post »http://www.usgoldcoinauctions.com/gold-coin-blog/2011/06/reframing-the-whole-tax-argument-whos-money-is-it-exactly/
Gold Coin & Economic News
Posted on June 29, 2011 at 10:21pm@encinom
A subsidy and a tax incentive are two different things, Eisenstein.
A subsidy is “A grant or contribution of money.”
A tax incentive is basically an agreement no to take what already belongs to a corporation. It is their money to begin with, not the government‘s or someone else’s.
“Justifiy (sp) the tax breaks to the Oil Companys (sp – I see you must be a product of the public schools system) when at the same time you are looking at cutting off Granny from Medicare.”
The money belongs to the oil company. Where exactly does Granny get the Medicare money from again? Who exactly produces that money? Do you think it grows on trees?
Report Post »jzs
Posted on June 29, 2011 at 10:46pmGold Coin & Economic News- do the oil companies own the land where they drill? Did they buy it from the United States? No, they didn’t buy that land. The United States of America is allowing them to extract oil from US property. That land is your land, that land is my land in the words of the Woodie Guthrey song.
So you want to give your tax dollars to this company. Why? I don’t want to give tax dollars to companies who are making record profits and companies who are they most profitable in the world. Why should I give these guys my money when I’m getting screwed at the pump? And you want to give them more of your money? Are you what, their….something?
You may think Big Oil is your friend. They love you, the consumer you think. You’re wrong, they are f-ing for every penny they can squeeze from your wallet. Sucker, their brainwashing worked.
Report Post »jcknccmret
Posted on June 30, 2011 at 7:19amThe sign of a bad leader is the ability to blame every one else for your lack of leadership skills.
Masterchief USN Ret
Report Post »TexasCommonSense
Posted on June 30, 2011 at 8:14amjzs, the federal gas tax is far higher than the profit made by oil companies per gallon of gas. That is contributing much more to the high price of fuel. Despite that money being collect for roads, our nations highways and bridges are in horrible shape.
If you don’t like the subsidies, change the tax code. They won’t do that because companies Obama likes, such as GE, also wouldn’t get the tax breaks either. You know, GE, whose CEO sits on Obama’s economic advisory board and paid no Federal tax last year. You’re OK with that inappropriate relationship? So much for his promises of no lobbyists or big business influence. Just another lie. I guess this is part of his “rewarding his friends and punishing his enemies”.
Then the Obama administration makes every effort to block local oil production arguing the increased supply won’t significantly affect the price. Then they turn around and release 30M barrels saying just the opposite.
I say we get rid of the largest problem, that’s big government.
Report Post »BoiseBaked
Posted on June 30, 2011 at 8:36amGood idea Obama. Let’s cut the budget, layoff a large portion of the public workforce and then stick it to the private sector at the same time…. Good idea. Yep, I’d ask for your money back for your Harvard degree… OH Wait, if was free for you… Will trash it, it not working for you.
Report Post »JohnGalt
Posted on June 30, 2011 at 10:11amJZS, the tax cuts, not subsidies, that oil companies get, are simply based on depreciation of assets. Any company that has assets, ie. equipment, can claim this tax deduction, Its not something that is singled out to just oil companies. To deny it to oil companies would mean to deny it to any other company in the U.S.
Report Post »Gold Coin & Economic News
Posted on June 30, 2011 at 1:05pm@jzs Gotcha there buddy. I see by your avatar pic where you are coming from.
Unfortunately, you don’t have a clue about how subsidies, tax breaks or even how the economy works. First, I’m sure if oil companies are using US government land, they are paying for it. Secondly, none of my tax money or any of your tax money is going to any oil company. Taxes are collected by the federal and state governments and they don’t go to oil companies, they are TAKEN from them. Do you understand that? It is THEIR money to begin with.
Thirdly, what, you don’t think oil companies pay enough in taxes? They pay an astronomical amount of taxes, in the billions of dollars every year. Get it? They already pay BILLIONS in taxes, and for what? Oil companies have HUGE capital investments, they have HUGE labor costs, they have HUGE transportation costs and they take HUGE risks and then the government steps in with NONE of those costs and says, “give us money for allowing you to be in business.”
Chew on this – Did you know that state and federal governments make more money in taxes on a gallon of gas than oil companies do in profit. And for what?
Lastly – Hate oil companies? Why are you driving? Why are you buying anything with plastic in it? Why are you using any electricity? Dude, get off the grid, grow a garden and do something with your life and stop b*tching about how you are getting screwed by oil companies when you are bending over for the federal government every frickin day!
Report Post »saranda
Posted on June 30, 2011 at 2:53pmJohnGalt
Report Post »Posted on June 29, 2011 at 1:22pm
@middleclassprophet,
You do realize that 10 years ago, Canada’s debt to GDP was as high as ours, over 10 years of cutting back on government spending, their economy is booming. Shouldn’t that tell you something?!
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@johngalt – there are lots of differences between the two economies (Canada and the US). The biggest one being they actually make stuff and export. Also, while we deregulated everything we could think of, they kept regulation high and thus their banks did not get into the trouble of ours and so they have been buying (and in some cases flipping) many of our banks and insurers. Their taxes are much higher than ours with a 29% top rate for the federal portion and provincial ranging from 10% in Alberta to 21% in Nova Scotia at the top end. They did make deep cuts, but they also closed off many tax loopholes used by corporations including the dismantling of the royalty trusts, so even though they have the lowest corporate tax rate of all G7 countries they also have the fewest loopholes with which to avoid paying tax. Most of Canada’s tax revenue comes via individual paying tax and not whining about it, I think it is about 75%). Canada also does not feed a military in the astronomical numbers we do.
Many Americans see their taxes as way too high, but Canadians are among the most properous people in the world.
clarkm
Posted on June 30, 2011 at 4:16pmInteresting discussion. Posters on http://www.whitehousevoice.com are talking about this too.
Report Post »SpeckChaser
Posted on June 30, 2011 at 6:49pmJZS – ENCINOM
Please explain these to me.
1. If the “Evil Rich” who pay the most dollars/highest percentages of taxes aren’t paying their “fair” share, what does that make everyone who pays less dollars and a lower percentage?
08, the top 10% paid 70% of the taxes. The bottom 50% paid 3% of the taxes.
2. How long could you run your household spending 40% more than you made before making serious/painful cuts? Would you make the cuts?
10, 2.2 trillion was collected in tax revenue, 3.5 trillion (40% more than collected) was spent.
3. What logic was used to get the conclusion of a MORE expensive operating cost produces a LESS expensive end product. It seems someone as “greedy” as big oil would pass the extra burden to the purchaser, inevitably “shafting” you more at the pump, right?
4. How much money could one make before they have too much? What dollar amount would you limit the American Dream to?
By reading your post I assumed the following.
Regardless of what tax bracket YOU are in YOU don’t pay enough and you will make a charitable donation above and beyond what is required to the IRS. You would make cuts before your went bankrupt. I have no explanation for number three other than you must want to pay more at the pump. I also have no explanation for four because I do not subscribe to limiting my fellow mans potential, even yours. Reach for the Stars!
What did I get wrong?
Report Post »SpeckChaser
Posted on June 30, 2011 at 6:52pmJZS – ENCINOM
One more thing, as stated above, does it bother you that the government receives more in taxes than “Big Oil” makes in profit per gallon of gas?
And sorry, forgot the link
http://www.heritage.org/Research/Factsheets/2011/04/TAXES-ARE-NOT-TOO-LOW-Its-the-Spending-Stupid
Report Post »WeDontNeedNoStinkingBadges
Posted on June 30, 2011 at 8:53pm****** (nîg´er) noun
Offensive Slang.
1. a. Used as a disparaging term for a Black person: “You can only be destroyed by believing that you really are what the white world calls a ******” (James Baldwin). b. Used as a disparaging term for a member of any dark-skinned people.
2. Used as a disparaging term for a member of any socially, economically, or politically deprived group of people: “Gun owners are the new ******* . . . of society” (John Aquilino).
[Alteration of dialectal neger, black person, from French nègre, from Spanish *****. See *****.]
(from American Heritage Dictionary)
Report Post »WeDontNeedNoStinkingBadges
Posted on June 30, 2011 at 8:58pmYes, Obama IS one … and truth IS a defense.
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