xscribe,ask those who put those deductions in place - I would assume
because those things stimulate the economy
Lost, why should people get a tax deduction for buying a house? Why should
people get a tax deduction for having kids?
To "justamacguy" if we go back to Clinton tax rates, can we restore all
tax law to the Clinton era levels, along with regulations and spending? Tax
rates are just one variable in the equation.If we went to Clinton
era levels, that will cut over $500 billion from current deficits.Personally I think that the Republicans are just starting to wake up to what
Obama will do to them. If they give into any of Obama's plans then when
the plans fail the Republicans will be blamed because he has the tapes saying
that he wanted something different.Either way they will be blamed,
so I would like to see them fight for what is best for the country and not
It's called flip-flop. Or did that only apply to Romney during the
xscribe,I have NO problem eliminating the earned income credit. NONE! Why
should people get back more than they pay?And why should we subsidize
student loans?Those would be two great places to cut.
@DN Subscriber: You forgot the home mortgage deduction, the child tax credit,
student loans, earned income tax credit, veteran's benefits, and the GI
On budgeting our entire country, states, and local and school districts, you
have to have a basic plan that starts somewhere. This President
doesn't know how to spell budget. He knows how to spend, spend, and spend
into the twilight zone. He promises the stars to anyone who he deals with,
whether the Unions, special interests, his political buddies and especially his
Chicago bred group that has surfaced in the past with the Daley type of
approach.The President keeps on campaigning as if the last two years
of campaigning he has done isn't enough. When you don't tell the
truth or reconcile it, you keep on having to spin everything. Flip-flopping has
definitely been his integrity quotient for all his career in politics and most
likely while in Harvard law school.The reason the President
didn't want budgets during his first term, then we would have a bench mark
to look at and study. We have nothing and he still keeps on spending money he
has not been allocated. That gives him a good excuse for sequestration and to
cut the DoD to zip, nada, nothing and decimate our national defense.Woodrow Wilson Obama.
There is no line in the budget that says: "EVERYWHERE"! Where???
I don't follow what is going on...Obama wants rates to go up for the
wealthy. Ok, that what he announced (ad nauseam). The Republicans want cuts to
spending. Ok, what is it they want? If they want cuts, they need to spell it out
for all to see. They however know it is a big game to get the other side to say
what it is they want so they can proceed to cut them to ribbons. Mitt tried to
use the "cut spending" mantra during the campaign. Remember? Problem
came when he wouldn't specify where the cuts would be. Now Boehner is
trying the same routine. Everyone knows the cuts have to be made AND the revenue
raised so let's get on with it. You want cuts??? Where?
Was Obama lying then, or is he lying now?Sorry, that was a trick
question, because he is always lying.There will never be enough
money from any source to satisfy his lust for spending (which is easily seen to
be nothing more than buying votes from low information voters). If he bankrupts
the country, he will be happy because that will hasten the civil unrest that he
hopes will result in a socialist takeover. His old "Cloward Pivens"
strategy.Unfortunately, voters don't want to hear, and
politicians are afraid to tell the truth. We must cut spending in unprecedented
ways. End baseline budgeting with its automatic increases. End "refundable
tax credits." End increases to federal pay and benefits (including Social
Security and Medicare). Cut federal workforce by 50%. End foreign aid. End
subsidies for unemployment, college, research, etc.After our $16
trillion debt is paid off, and our $75 trillion unfunded liabilities are paid
for, then we can look at restoring some of the cuts. This ignores the
likelihood that inflation will suddenly make all borrowing and debt service too
costly to do at all.Obama won't tell us any of that, nor will
other politicians. We're doomed!
It's pretty obvious he's tired of starting in the middle while
Republicans start out far right and insist he's got to move more towards
them. This time he's starting towards the left, staking a better starting
point for liberal interests so that when compromise time comes (presumably Dec
28 or so) they're meeting somewhere in the middle rather than somewhere
towards the right.
It's time the republicans start to come up with some ideas, of their own,
to help the president deal with this. These sideshows aren't helping.
@ Kent DeForrestThat's great, but only works if we go back to
the same spending levels that existed in the pre-Reagan years.
Let's see. Democrats say Bush was a terrible president who gave us tax
cuts. Now they want to keep the terrible presidents tax cuts. What? So if
Clinton was a good Democrat president with high taxes, why not go back to the
level that the Democrats taxed us at then? Course, if you think that little tax
rate is bad, wait till you get that Obamacare bill at the end of 2013!
The problem is here and now and the GOP is not addressing it. Their constant
"NO" to everything is what got us here and now they need to change.
"Regardless of what OBama said in the past, he wasn't saying that
during the campaign. Beloved Romney changed position muliple times on many
issues during the campaign." So, it's OK to flip flop if
you're the candidate that gets elected, or if you do it "before"
the campaign? I'm with you now...
The most cogent comment, "Elections Matter". Regardless of what OBama
said in the past, he wasn't saying that during the campaign. Beloved
Romney changed position muliple times on many issues during the campaign.
Whoa. It got real quiet in here. Crickets...
All this bickering over 3 or 4.6 percent is ridiculous. If we were serious about
getting our financial house in order, we would return to pre-Reagan tax rates,
when we didn't coddle the wealthy (but they still got richer).
"We're not insisting on rates just out of spite or out of any kind of
partisan bickering, but rather because we need to raise a certain amount of
revenue," Obama told members of the Business Roundtable. Why do
they need to raise a certain amount of revenue? The Senate has failed to
produce a budget in 4 years. What will Obama do with the extra
revenue? Use it to balance the budget or will he introduce new spending.We know the answer to that. He has already called for another round of
stimulus spending...you know the kind where loads of cash is sent to his
political supporters in green energy (Solyndra-like businesses). This is called
You mean (GASP) Obama is a flip flopper? Oh my goodness. Who would have ever