Cliff looms: Kicking the Can, Washington-style

When it comes to the nation's budget challenges, congressional leaders are fond of saying dismissively they don't want to kick the can down the road.
Associated Press
Dec 27, 2012

But now, a deadline hard ahead, even derided half-measures are uncertain as President Barack Obama and lawmakers struggle to avert across-the-board tax increases and spending cuts that comprise an economy-threatening fiscal cliff.

Congressional officials said Wednesday they knew of no significant strides toward a compromise over a long Christmas weekend, and no negotiations have been set.

After conferring on a conference call, House Republican leaders said they remain ready for talks, urged the Senate to consider a House-passed bill that extends all existing tax cuts, but gave no hint they intend to call lawmakers back into session unless the Senate first passes legislation.

"The lines of communication remain open, and we will continue to work with our colleagues to avert the largest tax hike in American history, and to address the underlying problem, which is spending," the leadership said in a statement.

A short while later Senate Majority Leader Harry Reid, D-Nev. countered that the House leadership should allow action on a Senate-passed bill that lets income tax rates rise only on incomes above $200,000 for individuals and $250,000 for couples. The measure could "pass tomorrow" if put to a vote, he said.

The Senate is due in session Thursday, although the immediate agenda includes legislation setting the rules for government surveillance of suspected spies and terrorists abroad, including Americans, as well as a measure providing $60 billion for victims of Superstorm Sandy.

Obama decided to cut short his Hawaii vacation for an overnight flight expected to get him back to the White House on Thursday.

Apart from the cliff, other financial challenges loom for divided government, where political brinkmanship has become the norm. The Treasury disclosed during the day it would take accounting measures to avoid reaching the government's borrowing limit of $16.4 trillion by year's end. The changes will provide about two months of additional leeway.

Separately, spending authority for much of the government will expire on March 27, 2013.

After weeks of negotiations, the president urged lawmakers late last week to scale back their ambitions for avoiding the fiscal cliff and send him legislation preventing tax cuts on all but the highest-earning Americans and extending unemployment benefits for the long-term jobless. Longer, term, he said he still supports deficit cuts that were key to the earlier talks.

"Everybody's got to give a little bit in a sensible way," he said at the White House.

The House has no plans to convene, following last week's rebellion in which conservatives torpedoed Speaker John Boehner's legislation to prevent scheduled tax increases on most, while letting them take effect on million-dollar wage earners.

"How we get there, God only knows," the Ohio Republican said of efforts to protect the economy — and taxpayers — from the tax increases and spending cuts.

"Now is the time to show leadership, not kick the can down the road," Senate Majority Leader Harry Reid, D-Nev., said a little over a week ago after Boehner announced he would shift his own focus from bipartisan talks to the approach that eventually was torpedoed by his own rank and file.

It's a phrase that political leaders use when they want to suggest others want to avoid tackling major problems, and one that Boehner, House Majority Leader Eric Cantor of Virginia and even Obama as well as Reid have used.

"We have a spending problem. We have to address it, And we're not going to address it by kicking the can down the road," the speaker said at a news conference late last week when he was asked about setting a vote on a plan that Democrats find acceptable.

Cantor recently used the same approach in challenging Obama to agree to savings from Medicare and other benefit programs. "This has to be a part of this agreement or else we just continue to dig the hole deeper, asking folks to allow us to kick the can down the road further and that we don't want to do," he said on Nov. 28.

In fact, it's a phrase that has been in use for over a year as Obama and Republicans jockey for position on pocketbook issues.

In July 2011, when he was struggling with Republicans over the threat of a first-ever government default, Obama said he had "heard reports that there may be some in Congress who want to do just enough to make sure that America avoids defaulting on our debt in the short term. But then wants to kick the can down the road when it comes to solving the larger problem, our deficit."

A few months later, an extension of a payroll tax cut was the issue, and Boehner was insisting on a year-long renewal rather than the temporary plan that passed the Senate with votes from lawmakers in both parties.

"How can you do tax policy for two months?" he asked on Dec. 18, 2011. "I believe that two months is just kicking the can down the road.

"The American people are tired of that."

At issue now is series of tax increases and spending cuts scheduled to kick in with the new year that economists caution could send the economy into a recession.

 

Comments

KURTje

Cut pay & benifits for ALL elected "officials," starting at the top. (Take away their medicial too)

KnuckleDragger

I agree, they've already increase health care premiums and now pharmacy co-pays on retired military. Now it is time for them to feel the pinch. It won't happen though, because that would take real leadership, something that is severely lacking in Washington DC!

Kimo

What kURTje said.....

Contango

Looks like the U.S. is goin' over the "fecal cliff."

Mr. Obama started campaigning for re-election in 2010 and was "too busy" in 2011 & 2012 to address this issue and here we are.

IMO, pass a one yr. extension of the present tax structure, get a new Congress in place and hash this out next yr.

Kick the can a distance of one yr.

The raising of the Fed debt ceiling is also an important but separate issue. According to noted tax cheat and Tresy. Sec'y "Turbo" Timmy - the Gubbermint runs outa money on Dec. 31.

2012 - $16T Fed deficit
2016 - $20T Fed deficit

FORWARD SOVIET!

The Big Dog's back

So who should pay for those wars that bush put on the credit card?

herbie_hancock

So the towers/pentagon were hit were you one of the people that didn't think that warrented some kind of military action? You one of the folks that want to "hug it out" with those who want to do nothing but destroy our way of life? Get educated, the cost of both wars to date is $1.4T
Today the U.S. Debt = $16.5 trillion with it being projected to reach $20 trillion by 2016.
When President Obama took office in 2009 the U.S. Debt = $9.986 trillion
When President Bush took office in 2001 the U.S. Debt = $5.629 trillion
The U.S. owes more money than any other nation in the history of the world
The U.S. debt is up 54% under President Obama in his first three years
By the end of President Obama’s first term the U.S. debt will have increased by a larger amount than under President Bush’s entire two-term presidency
Over 60% of all spending is on the “Big Four" - Social Security, Obamacare, Medicaid, and National Defense

So by the math in Bush's 8 years he added just over $4 Trillion ($94 Billion of that on the war on terror).
In Obama's FIRST term he has added $6 Trillion.
So who's really abusing the Country's "credit card" there BIG dog? Your ignorance in every matter that you comment on is aparent throughout this website.
All woof no knowledge.

KnuckleDragger

So what is our President doing while the cliff looms closer? Taking a 2 million dollar vacation in Hawaii on the taxpayers dime, instead of insisting that no lawmakers leave DC for vacation until this problem is solved. More of that great leadership being shown in DC. Why oh why do we keep sending these same losers back to office?

2cents's picture
2cents

(Why oh why do we keep sending these same losers back to office?)

Because they give you FREE STUFF!

Contango

@ KD:

Why do "we" keep sendin' 'em back?

'Cause WE "love" our Congressional reps, but those "other guys" from "other states" - they gotta go.

Davy Crockett got tossed outa Congress by TN voters 'cause he refused to "bring home the bacon." It's always been corrupt!

After losing his seat for a third term, he famously said: "You can go to Hell, I'm going to Texas."

mikel

tax receipts for 2011 was more than 2010. so far, 2012 tax receipts are ahead of 2011. so, could it be that there is a spending problem???

The Big Dog's back

Yeah, those 2 wars bush put on the credit card.

mikel

would you be talking about the same wars that was approved by a democratic controlled house and senate? these would also be the same ones that obama, clinton, pelosi & reid voted for!

Dr. Information

@little puppy. more banter from the left. Go stick to the blizzard talk, politics and guns aren't for you kid. I guess Obama and the Dems have nothing to do with the last 4 years being in Afghanistan and still Iraq?

Dr. Information

This president again has failed our nation. He has failed us all. He has created such a line between the parties that its become nothing more than a "who's Johnson is bigger than who's" contest. He gets on TV for all to see and says that both parties need to work together. So Republicans say hey, lets close some loop holes to generate more revenue. Lets also raise taxes on millionaires......but we want something in return.......entitlement reform. Obama's response.......NOPE.....its my way or the highway baby......oh and btw guys, I want unemployment extended even more.....so now people wont have to work for 3 years.

20 Trillion here we come. Unemployment is going to go up.....just watch and see. And lets not forget about Obamacare.........thats going to hurt this nation as a whole (working class), so bunker down.

Dr. Information

This nation brings in about 4 billion a day but spends 11..........GREAT BUSINESS we are running here. Top 3 items..... Social Security (the ultimate Ponzi Scheme), Defense....and Welfare.

The Big Dog's back

Gov is not a business.

mikel

i knew it was to good to be true.

Dr. Information

Oh really. Explain how it isn't a business. It collects, taxes, and spends.......its a business, but I expect nothing other from your typical liberal posts. Im sure you think we don't have a spending problem as well.

SamAdams

Washington doesn't have an income problem. It has an "outgo" problem. The problem for all of the REST of us is that the vast majority of politicians have one special interest or another they won't see cut (or that they insist be funded), and neither side seems willing to see the full extent of the corruption and egregious waste that's pervasive in virtually all government agencies/programs.

NO NEW TAXES. In fact, lower the old ones. And STOP SPENDING MONEY LIKE DRUNKEN SAILORS! (In defense of drunken sailors, at least they spend their own money...) Medicare abuses alone amount to millions. Add welfare fraud, agency inefficiencies, and greedy government workers (including politicians), and reform alone would eliminate the deficit and strengthen the economy! Of course, Washington won't do that. It would actually work...

Contango

Anyone following Japan and their new PM Abe?

He wants the BOJ to crank up the presses and cheapen the value of the currency in order to help increase exports. It's a "race to the bottom" worldwide.

Noted investor Jeff Gundlach expects the Yen to collapse because it won't be able to service it's debt. It'll be the "canary in the coal mine."

Like our Fed, they're monetizing their debt. Savers are getting killed with zero interest rate policies (ZIRP).

The seventy yr. fiscal experiment of cheap money and easy credit in order to fuel economic growth and consumer spending is in its last stages.

The early word is that Christmas sales were not much better than 2011.

Got gold?

You can always trade your gold for fiat currency, but someday you won't be able to use your fiat currency to buy gold.

mikel

i love these comments! its only a matter of time before doggie and puttytat ruin the day.

shucks

Someday no one will be able to use gold unless he has the mark.

Revelation 13:16-17 (New Living Translation (NLT)

" He required everyone—small and great, rich and poor, free and slave—to be given a mark on the right hand or on the forehead. And no one could buy or sell anything without that mark, which was either the name of the beast or the number representing his name."

Randy_Marsh

What does that have to do with anything? Basing economic trends off of end of the world prophecys does not work too well. The world ended last friday and my investment in anti-sun flare cream was a total bust.

Contango

Relax. An interpretation of ancient Hittite writings reveals that the "End Time" will not begin until the Browns have won four consecutive Super Bowls.

shucks

That would be a miracle.

donutshopguy

Gold is about as worthless as paper money. When the $hit hits the fan do you want a shiny metal or food. I'll bet we all choose food.

Contango

IMO, for currency collapse - gold and silver; for a new Dark Ages - guns and grub.

Preparation depends on which scenario you expect and the severity thereof.

Dr. Information

and guns and bullets.....dont forget.

Really are you ...

We need to elect all new officials for the house and senate. IMO they make too much money, if not from a salary stand point, special intrest groups. They are not there to support the top 10%, they are there to represent the State's people they were elected from. They are there to prevent this fisical cliff kind of thing from happening, balance the national budget, and so on. Their anti-american point of views are what got us here. What do I mean? Letting american based companies go overseas to make bigger profits selling goods back to the United States consumer. Not changing NAFTA from Free Trade to Fair Trade. Tax loop holes for millionaires and Corporations, once you are a millionaire or a multimillion dollar corp. how many more millions do you need to hide to maintain that status? Promotion for the lack of innovation. To be reelected the members on Capitol Hill should actually go out and physically campaign the the States that they represent. Make them drive to work daily, no turning their offices into living quarters after work. So if a member of capitol hill makes one hundred thousand dollars in salary pay, the an additional five hundred thousand dollars from special intrest groups. If taxes are increased for persons making over one million dollars a year, they will not see a tax increase. Conforming rules and regulations to shield the special intrest groups they represent, and of course protecting their own money filled pockets. This type of leadership needs to change.

Cowboy

Congress can't figure out how to DO THEIR JOB? Cut their pay until they can figure it out! If I were to go over budget in my operation I would be fired! Why can't we hold these people responsible for the budget that they knew they were responsible for balancing?

wiredmama222

Let them go over the cliff and fix the middle class american tax problem after it goes over. Then the "Big income" earners can cry at their own leisure. I really do not care anymore.

These dumb jerks have hammered this to death. As far as I am concerned, let the loop holes close around the wealthest necks and strangle them. These idiots can strangle themselves to death with their stall tactics all they want so they don't look like the bad guys. Then the President can come back and do what he said he would do to begin with.....cut taxes on the middle Americans and small business and ram it home. I believe he will.

He will accept nothing less and veto anything that does not state that. It will be too late for the big leaguers out there by that time anyway. The loop holes will be gone. Too bad so sad. It sucks to be them.

As for anything else, who cares. The debt spending limits might be somewhat limited, but this arguing will get stopped in a hurry.

What many do not realize is that Obama doesn't care. He has nothing to lose this time around. He can't run again so what does he have to lose? NOTHING. He isn't running again so the intimidation factor with him is gone. His party can't stop him either. So the republicans might as well give up the hard line tactics and just try to get along. They cannot intimidate this guy any more. He has nothing to lose That makes him a very dangerous man with a line item veto.

Get it together and start working together for the sake of this country before you put us all in the can you think you are kicking. In reality, you aren't kicking anything but your own collective butts. Stop kicking mine along with it. I want results, not an arse kicking.

Dr. Information

Lol. More ranting from mama who knows just about as much about politics as she does about semi auto guns.

Who do you think is going to get hurt by going over the fiscal cliff the worse? The poor, the middle class or the wealthy? Hint Hint....its not the wealthy.

You do realize that MOST middle class families pay nothing or next to nothing in taxes correct.

Facts are Obama doesn't know how to run a business, yet alone a lemonade stand. Where and when has Pelosi and Reid and Obama worked with the other side? They haven't, its been their way or the highway. More spending, more taxes to create more revenue so they can spend more.

You basically contradict yourself with every word you type. One second you say Obama has nothing to lose so the Republicans should just lay down and get out of his way. The next second you say they all need to work together. Which is it lady?

Republicans have conceded on taxes to a point, conceded on loop holes and closing them, agreed to even extend unemployment but they want some cuts in return.......Obamas response.....my way or the highway, no cuts. And this is a president?

He's nothing more than an clown, a celeb wanna be. Michelle's more worried about her next vacation and Obama's more worried about his next fundraiser with some star. Its been a comical joke for the last 4 years and the joke is about to be on everyone.....glad you like what you have gotten.

wiredmama222

I understand more than you think. The republicans have hardly been cooperative and you give far too much credit to them but that is expected from a Republican like yourself.

Would you be bellyaching as much if things were reversed and Romney was President and the congress was Democratic and this situation reversed? You would expect the people in the House and Senate to be far more cooperative for him. I know you would. But since he isn't the President, as much as you would love it to be so, you think the House and Senate should be calling ALL the shots and the President should lay down and let them do all the leading. NO WAY.

The Republicans have caused this country problems since Bush was in office. We would not be in this situation had it not been for him in the first place. I know EXACTLY who will be in trouble if we go over this cliff...the middle class and the poor....as always. The rich, however..will loose their loopholes and have to again pay their taxes. Thank God for that. The Bush tax cuts for them will expire at last. And that is what the Republicans do not want. Too bad.

Sure, they also want to stop the spending, but some of it can't be cut. Not from Medicare, Medicaid and funding such as that. It NEVER should have come to that piont. The Republicans should NEVER want to cut from that. I am all for getting rid of Obamacare. I never did like it. But not the rest....Medicare, Social Security and the like are not a point of discussion. To me they are hands off.

You hard line republicans want to cut something....stop the war. Bring the troops home and start definding our own borders.

Cut Obamacare completely and stop sending foreign aide to anyone.

Now, don't ever tell me again that I don't understand politics. I understand it a lot better than you will ever imagine. You don't hold a corner on the market, kiddo. You don't know WHAT I know or how much. So you can just back up.

I may be a democrat or a republican for all you know. Or maybe you don't know as much as you think you do. Frankly, I do not care either way.

Dr. Information

Just like assault rifles shoot faster than other semi auto rifles that you so loudly expressed.

If you don't reform Medicare it, along with SS will suck this country dry. But, I don't expect you to realize that. You probably think SS is retirement huh?

I was wondering when Bush would be brought up, so nothing new on that front.

Even if we stop sending foreign aid, and do away with Obamacare, tax the so called rich (bogus term by Obama and his figures), close loop holes.....etc.....it won't generate enough to fix our debt problem. Those things are fractions of the problem. They do not all add up for a fix and every banker and attorney and accountant and even the CBO knows this.

Contango

There is no Federal line item veto.

wiredmama222

There is an amended Line item veto act of 2009 (Republican bill) which allows the President to remove earmarks and send any and all bills BACK to the senate and house for further review and vote, therefore actually removing any special earmarks that the Senate and House may actually want and reducing spending. They must then revise that bill to include other items and not allow the earmarks to be included in that bill which was sent back and must, within 10 days, pass or reject the bill on what is called the "fast track' vote. (constitution law oncline_)

Contango

"On June 25, 1998, the Supreme Court deemed that 'there is no provision in the Constitution that authorizes the president to enact, to amend or to repeal statutes.'"

"Last February, in a rare moment of bipartisanship, the House of Representatives voted to give President Obama that power. Like most such attempts, however, the attempt was unsuccessful: The Senate never even brought it up for a vote."

http://www.cbsnews.com/8301-250_...

wiredmama222

@contego...Yes, but in 2009, there was a vote to allow the president to remove "earmarks" and it is still in place. That is something the Republicans now want to remove from his rights and it is not something he is willing to give up...part of the argument. If he gives that up, they can force things through he may not want in certain bills. You might want to go read that under the wikipedia site I read it under or under the constitutional laws site online.

Also, you might want to take a look at the problems under the "fiscal cliff problems" online as well. All of those list the problems at hand.

Just to give you an idea of the sites I have been reading.

Factitious

OK - it's getting pretty deep in here.

It's not completely clear what "line item veto" Wiremama is talking about - is it H.R. 1294, which appears to have died in committee? If that is so, then she's citing a law that ain't.

And Contango seems to dispute this 2009 proposal with a 1997 news article about a much different proposal.

Can we discuss actual, relevant facts? Because right now we're just throwing horsehockey around.

Contango

Click on the link provided.

wiredmama222

He is talking line item veto and I am talking earmarks. I don't think its the same thing. He is talking about the removal of the line item veto from the presidency in 1998 and I am talking about the earmark removal of all bills allowed by the president and the sending it back to the house to be voted on by them within 10 days.....given to the President in 2009

That isn't Horsehockey...look it up like I did and read it.

Contango

wiredmama222 wrote:

"That makes him (Obama) a very dangerous man with a line item veto."

"It depends on what the meaning of the word 'is' is." - Pres. Clinton

The line item veto allowed for the Executive removal of earmarks, you're merely referring to a procedural difference.

It's not that Mr. Obama doesn't like "pork," it’s just that he likes that which is politically favorable to him and his cronies.

mikel

so, the prez says that we must push this through. he has come back but his wife and kids remain in hawaii. the cost to operate air force 1 is just short of $182,000 per hour. hawaii to dc is a 10 hour flight which equates to $3.6 mil per round trip! if prezo is so concerned about the taxpayers why didn't he have his family come home with him? how are they getting home? will air force 1 fly back to hawaii to get them? wouldn't it be considerably cheaper to fly them back commercial first class? minimum flight cost for this vacation is $5.4 million!!

thank you mr prez for being so frugal with my tax dollars!!

shucks

Don't get your underwear in a bunch.
He just wanted to go home to his birthplace for a while.
Like Bush and Chaney never spent any tax payer money except only on Iraq?
Don't think so.

"But no matter how much time a president actually spends away from the official residence at 1600 Pennsylvania Ave., Knoller says that the commander in chief is never really off the clock. "I have long held the view that a US president is never really on vacation," Knoller told FactCheck.org in an e-mail. "The job – and its awesome powers and responsibilities – is his wherever he is and whatever he’s doing."

http://factcheck.org/2010/01/pre...

Contango

I've been to Crawford, TX and Hawaii. The latter was much nicer.

Why isn't the home in Chicago's Hyde Park that the convicted criminal Tony Rezko helped the Obamas to buy a sufficient place for a vaca?

Lots to do on Michigan Ave. and Watertower Place. IL's broke, they could "really" use the $.

The Big Dog's back

Work hard and maybe someday you could be President.

wiredmama222

AMEN....nice try, but you cannot reason with a Republican group. They can't see it. They only see what they want to see and they cannot see right now. No wonder the Republican party is having so much trouble. They don't listen and they don't hear. How sad. They better start before the next elections come up...which is a mere four years from now, or they will all lose again. The rest of the country got it, too bad the Republican party didn't. I should think they would start learning pretty soon. This hard line tactic isn't cutting it.

samiam

I agree, mikel. Typical case of "do as I say, not as I do". He doesn't give a rat's behind about you and me. According to him, we should all be willing to sacrifice for the common good but don't ask him or his family to do so. They think they've captured the goose that lays the golden egg and by golly they are going to milk it for all they can. He's an egomaniac who doesn't know the meaning of the word compromise and hasn't worked with members of congress even when he was a member of congress.

wiredmama222

I believe the President even said that he agreed that taxes should go up on the wealthy, "like him" and that the middle class and poor should not have to suffer the tax increase nor should businesses. Nor should the unempolyment tax stop. He gave them cuts to the budget including much from the military budget. But the hardline Republicans just won't budge because of taxing the rich and it wasn't enough cuts to the budget to suit them. You can bet taxing the rich is the biggest of the problems. They wanted permanent tax cuts for the rich three weeks ago.

So I doubt highly it is the President who doesn't care about the little guy. Try blaming where blame is due. Try the Republican led House and the Senate for this one. When we fall off the cliff they get strangled with their own noose....and we go right along with them.

Contango

@ wiredmama222:

To paraphrase "someone": The U.S. cannot continue to provide European style benefits with American style taxes.

State, Federal and local taxes need to rise on EVERYONE or benefits will need to be curtailed - no magic.

2cents's picture
2cents

(hasn't worked with members of congress)

He has never worked other than one year outside of public service. We all know how well the gov handles OUR finances!

wiredmama222

@mikel....all presidents have had the use of Air Force 1 and have used them for many vacations, trips and different reasons, including trips to different locals during their tenure in office. Some of them have not been disclosed to the American Public, some of them have.

So I wouldn't get too upset about Obama coming back early while the family stays on vacation.

He may go back if this obstinate Congress doesn't knuckle down and get to work pretty soon. He has nothing to loose so if they don't get to work and they let us go over the cliff, it will be their fault and not his. He certainly has tried to bend. But not the Republicans. They just don't want to cooperate in any way. So it seems if the hardliners want to let us go over, it will remain their fault in history.

What it costs for air force 1 to either take him back to Hawaii or bring the family back is pretty irrelevant at this point

mikel

i comprehend that all presidents have used this service. however, at these costs don't you think it would be prudent for the prez's entourage to make a few sacrifices? i don't have a problem with him going to hawaii as a family and coming back as a family. but, to leave them there and absorb that massive cost is crazy. of course, maybe you, don't think that $3.6 million plus is a lot of money but i do.

just wondering how much this trip is really costing the taxpayer! we know that flight costs alone top $5 million. now, throw in hotel and food for approximately 40-50 people and i think the total will cost upwards of $10-$12 million. is that "pretty irrelevant"?

samiam

I don't have a problem with Obama and his family going on vacation. But they could have returned with him. If not, let them pay for the separate trip out of their pocket instead of the taxpayers. I bet if he had to pay for it, he'd look at the cost differently. I'd think more of him if he used a little bit of common sense. I have to. So do you. Why shouldn't he?

Contango

Maybe they could vaca in Indonesia, the country of Mr. Obama's early years where he learned all those “American” values like thrift and hard work.

Face it; we have an imperial presidency. It's all about: "What's in it for me."

shucks

:)

starryeyes83

Watch 'em pull a rabbit outta the hat on 11 th hour.

mikel

good article to read. hopefully, all of the messiahs worshipers will read this and then grab their cheeks as he is going to do some dirty work on them! tsk tsk tsk

http://www.nypost.com/p/news/opi...

thinktwice

Don't forget about all that Hope and Change...

The Big Dog's back

Election is over dr. misinfo.

wiredmama222

There is nothing like being in a chat room with a bunch of Republicans who cannot see anything but their side of it, is there? Wow, do they all hate everything this badly? I never realized how much they really hate the President and mostly what goes on in this country. It is really a sad thing. They are still mad about the election as well and its OVER for crying out loud. LOL...how sad is that?

2cents's picture
2cents

Some people know that you cannot spend what you do not have! RE conserve!!!

(U.S. Fed Govt Debt)
http://www.usarightnow.com/

The Big Dog's back

Moderators have removed this comment because it contained Personal attacks (including: name calling, presumption of guilt or guilt by association, insensitivity, or picking fights) and Libel and defamation.

2cents's picture
2cents

Shucks, I missed the post before it was pulled. I bet I was a racest yesterday again!

Dr. Information

@mama......So because you see it one way you are the correct one. Oh thats right, I forgot.....whatever the liberals say is right....everyone else must be wrong. Argue with a liberal and you are hateful, racist, un-American,....etc. etc. etc.

I could care less about you whining gasbags. My future is solid, I make my own future. I just feel bad for the middle class who ultimately will be crushed with Obama economics.

Dr. Information

don't forget folks....Obama said in 2008 that gas being 5 dollars a gallon wouldn't be a bad thing, as long as it didn't happen to fast.

The last election was about the vote between the makers and the takers of this flunking nation. The takers are starting to outweigh the makers.

4 billion brought in a day......11 billion spent a day. And you guys are OK with this?

BTW, the CBO and every other banker and lawyer and accountant have already tried to make "taxing the rich" figures work..........IT WONT. It will bring in enough to run the government for about a week -10 days. So who's next? Who will they go after next?

The Big Dog's back

Election is over. The true Americans spoke and re-elected President Obama.

Randy_Marsh

Awesome comeback Big dog, That will show em! After he signed the bill 6 months ago and forgot about it and campaigned instead NOW he is going to buckle down and try to pass somthing to take the place of his previous bill. That last loser who was in office for the last 4 years really left a mess of things didn't he?
By "True americans" Do you mean those who cannot count unless they find the calculator on their free phones?

The Big Dog's back

Lies are a hard thing to have a comeback to.

Dr. Information

Little pup's true American = those that live off the government.

Big Dogg = Socialist/Communist.

Makers vs Takers. Takers are winning.

Randy_Marsh

Lies arent hard to have a comeback for, But those Fact thingys are hard for your type. Try it sometime, You know the whole "I will look this up and get a fact or two before i spew one sentence idiocy" Hope that helps you in the future and the new years eve resolution time is in a couple of hours so try that one for awhile.

mikel

even the french realize you can't tax the rich to death!

"France's highest court overturns 75 percent tax on ultrarich"
From ASSOCIATED PRESS just for you putty tat: ny post..saturday edition.

mikel

wired, i would like you to give a reasonable answer to this question: your total monthly income is $500 per month and your total monthly expenses are $2000 per month. please explain to me how you can successfully make things work.

this is the situation our fed gov't is in. currently it is spending almost 4 times more per day than it takes in.

Dr. Information

The fact is you can't argue with liberals because most aren't paying in, aren't effected by tax breaks, do not run a business....etc. They are all for change because it won't effect them.

Liberal way of thinking = stick it to everyone else, just don't touch my stuff.
Liberal way of thinking = hard work and success in America means you are a rich, evil person who didn't work hard to get where you did.
Liberal way of thinking = yours is mine, mine is not yours.

Lets go over this cliff like we are riding the Millennium Force at Cedar Point. Hands in the air, gut dropping out......

Im tired of the RICH supporting this faltering country. Its time for EVERYONE to start kicking in and paying their share.

2cents's picture
2cents

SO, WHAT IS RICH?

The flaw in that definition of rich is that plenty of families making $250,000 a year don't feel rich. They probably see themselves as upper middle class, especially if they live in blue-state coastal cities and suburbs. An income of $250,000 is a lot richer in Abilene, Texas, than in New York's Nassau County, where it takes $430,000 to enjoy a similar quality of life, according to bankrate.com. So let's call them the "working rich."

Published May 2009:
http://money.cnn.com/2009/05/04/...

mikel

and you democrats can't understand why the gop is so against what the prez is trying to do!!!!!!! GREAT TIMING!!!!!

"With ‘Fiscal Cliff’ Looming: Obama Just Issued Executive Order To Give Federal Employees Pay Raises"

just wondering why all the media outlets aren't putting this out there? what about it SR? don't you want to be a leader?

http://www.pakalertpress.com/201...

The Big Dog's back

Good times, these are the good times
Leave your cares behind, these are the good times
Good times, these are the good times
Our new state of mind, these are the good times

Happy days are here again
The time is right for makin' friends
Let's get together, how 'bout a quarter to ten
Come tomorrow, let's all do it again

KURTje

Yes! GOP looking at SSI. Alan West probably is happy. Told You!

Dr. Information

SSI will dry up if there isn't change. But Curt, I bet you are ok with that right? Philosophy of many.......who cares if it dries up....I'll be dead by then.

So you are ok with all these young people paying in to SSI and not going to get a dime in the end? SSI will dry up by 2030.

Keep kicking that can. Lets go over this cliff.......I want taxes to go up on everyone, not just successful people.

herbie_hancock

So the towers/pentagon were hit were you one of the people that didn't think that warrented some kind of military action? You one of the folks that want to "hug it out" with those who want to do nothing but destroy our way of life? Get educated, the cost of both wars to date is $1.4T
Today the U.S. Debt = $16.5 trillion with it being projected to reach $20 trillion by 2016.
When President Obama took office in 2009 the U.S. Debt = $9.986 trillion
When President Bush took office in 2001 the U.S. Debt = $5.629 trillion
The U.S. owes more money than any other nation in the history of the world
The U.S. debt is up 54% under President Obama in his first three years
By the end of President Obama's first term the U.S. debt will have increased by a larger amount than under President Bush's entire two-term presidency
Over 60% of all spending is on the "Big Four" - Social Security, Obamacare, Medicaid, and National Defense

So by the math in Bush's 8 years he added just over $4 Trillion ($94 Billion of that on the war on terror).
In Obama's FIRST term he has added $6 Trillion.
So who's really abusing the Country's "credit card" there BIG dog? Your ignorance in every matter that you comment on is aparent throughout this website.
All woof no knowledge.

Dr. Information

Liberals can't do math herbie, They just blame Bush for Obamas failures.