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Subscribe to RSSUpdated 11:43 am ET President Barack Obama’s fiscal cliff negotiator, Treasury Secretary Tim Geithner, predicted on NBC’s Meet the Press Sunday that congressional Republicans will accept Obama’s plan to raise income tax rates and limit deductions on people making $200,000 and over. “I think we’re going to get there,” he told NBC’s David Gregory.
He said if Republican leaders have their own alternative ways to reduce federal deficits, they need to offer Obama their proposals.
Treasury Secretary Timothy Geithner made the Sunday morning talk show rounds, saying "the only thing that stands in the way of a deal right now is if a group of Republican members decide they're going to block a deal." NBC's Mike Viqueira reports.
“We need to know what they’re prepared to do on (tax) rates and revenues and we need to know what they’re prepared to do on the spending side,” he said.
So far, Geithner said, they have not said “who should pay higher taxes.”
In contrast, Geithner said, Obama has been specific, for example, about how he’d shift more of the burden of paying for Medicare to affluent retirees: his fiscal year 2013 budget proposal would increase premiums and co-payments for higher-income Medicare beneficiaries, starting in 2017.
“If the Republicans don’t like those ideas and they want to do it differently (or) they want to go beyond that, then they have to tell us what makes sense for them and then we can take a look at it,” he said.
Geithner is leading the bargaining with GOP leaders on how to avoid the “fiscal cliff” –Washington jargon for the combination of tax increases and spending reductions which are scheduled to occur under current law at the end of the year and which the Congressional Budget Office has said would tip the economy into a recession.
Treasury Secretary Tim Geithner and Sens. Bob Corker and Claire McCaskill detail the ins and outs of the efforts to reach a deal to avert the fiscal cliff.
With 29 days left to reach an agreement on avoiding the fiscal cliff, neither GOP leaders nor the president seem to be taking steps toward an accord.
Two senators who were re-elected last month, Sen. Claire McCaskill, D- Mo., and Sen. Bob Corker, R- Tenn., also appeared on Meet the Press to comment on the fiscal cliff negotiations.
Corker said he supported “closing loopholes” which he called "a pro-growth way of getting more revenues from wealthy Americans." He predicted that ultimately “cooler heads will prevail” and the two sides will agree on a deal.
Corker said that in the fiscal cliff bargaining Obama had not yet proposed additional curbs on Medicare and other entitlement spending and he predicted “you’re not going to have a deal until that happens.”
McCaskill said if current tax rates expire at year end, then “we would come back in January first thing and pass a tax cut” along the lines of Obama’s proposal. “Are the Republicans going to vote ‘no’ on that?” she asked incredulously.
On Medicare, McCaskill said she would support “more aggressive means testing from higher co-pays from those people who can afford it.” In his Fiscal Year 2013 budget blueprint Obama proposed higher premiums and co-payments for higher-income Medicare recipients, cutting $28 billion in federal spending over ten years.
Americans for Tax Reform founder Grover Norquist discusses remarks made by Treasury Secretary Tim Geithner on Meet the Press.
But liberal Democrats have opposed that idea, saying it could erode support for Medicare among upper-income people, leading them to opt out of the program. “This will end Medicare as we know it,” said Rep. Allyson Schwartz, D- Pa., last spring when Republicans adopted Obama’s higher premium and co-pays idea as part of the negotiations over how to offset the cost of cutting the Social Security payroll tax.
Obama’s initial fiscal cliff bargaining position has been that income tax rates and tax preferences enacted since 2001 should remain in effect for single earners making less than $200,000 a year and for married couples filing joint return who make less than $250,000.
In a statement Sunday, House Democratic Leader Nancy Pelosi urged House Speaker John Boehner to bring to the floor a bill already passed by the Senate to continue current income tax rates for people making less than $200,000.
She said if Boehner "refuses to schedule this widely-supported bill for a vote, Democrats will introduce a discharge petition to automatically bring to the floor the Senate-passed middle class tax cuts." A discharge petition is procedure by which a bill may be forced out of a committee and onto the House floor for a vote. The Democrats would need to get 218 members of the House to sign a discharge petition in order for this procedure to succeed.
Republican leaders oppose any tax increase, although they would agree to a redesign of the income tax system that could raise more revenues for the federal government by ending or curtailing some deductions and other tax breaks.
The GOP leaders also want some plan for reductions in spending on Medicare and other entitlements.
The fiscal cliff refers to:
- The expiration at year end of tax reductions enacted in 2001, 2003, 2009, and 2010.
- A 27 percent cut in Medicare’s payment rates for doctors’ services.
- A ten percent cut in defense spending and an 8 percent cut in nondefense spending -- cuts mandated by the Budget Control Act which Obama signed into law in 2010 as a part of a deal with Republicans to get them to agree to raise the federal government’s borrowing limit.
- The end of emergency unemployment benefits.
- The end of a temporary reduction of 2 percentage points in the Social Security payroll tax which was in effect this year and in 2011.
In addition the Affordable Care Act will impose, starting in January, a new 3.8 percent Medicare payroll tax on income above $200,000 and will expand the tax to cover investment income as well as wage and salary income.
About two-thirds of the fiscal cliff comes from the impending tax increases scheduled to take effect at the beginning of 2013 under current law.
According to the nonpartisan Tax Policy Center, "Taxes would rise by more than $500 billion in 2013—an average of almost $3,500 per household—as almost every tax cut enacted since 2001 would expire."
A report issued in October by the Center found that almost 90 percent of Americans would see their taxes rise unless Congress and the president agree to change current law. "For most households, the two biggest increases would be the expiration of the temporary cut in Social Security taxes and the expiration of the 2001/2003 tax cuts," the report said.
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hey tea party crazes..does this sound right...we need to build our military up..the best in the world....but dont you think you can spend your money better than the governmnet can????
Um...anyone can spend money better that our government. The government that is the biggest, and most expensive in the history of life on this planet.
You start by saying we need to build our military? Why? So we can have soldiers stand next to IED, or suicide bombers? I'd argue we have enough planes, battleships, carriers, to fight multiple wars simultaneously- see Afghanistan, Iraq...etc.
What we need is less. less unemployment assistance- let is run out. If we keep social security- we need every current worker to contribute more to get the same promised levels of benefits, and we need every current retiree to realize they and they employer underfunded their payments..and we need to freeze payments to current retirees wherever possible. Same with Medicare and Medicaid- our government screwed up and undercharges current retirees- vastly underestimated longevity and health care costs. Current workers need to be charged more. Current retirees need treatment curtailed and only basic treatment offered- no expensive MRI or cutting edge drugs...just the basics as that's all their contributions should realistically pay for.
Admit the underpayments retirees made, reduce or use basic treatments unless that have the means for cutting edge treatments themselves.
Reduce the role and scope of government. Get federal government out of education. Let local boards push teachers for performance and make teachers responsible for the product they put out.
NEWS FLASH
OBAMA ADMINISTRATION SHOWING MORE SIGNS OF BEING CORRUPT. HE IS IN BED WITH THE RICH
Costco co founder and CEO, Jim Senegal, a large supporter of Obama even speaking at the Democrat national convention get a special tax break. They were awarded a special dividend to avoid the Mr. Obama’s dividend tax increase
COPY AND PASTE BELOW IN BROWSER (Moderator does not allow links)
online.wsj.com/article/SB10001424127887324705104578147513153831692.html
reuters.com/article/2012/11/28/us-costco-dividend-idUSBRE8AR0Q220121128
news.yahoo.com/costco-pay-7-special-dividend-december-18-145925944--sector.html
foxbusiness.com/on-air/willis-report/blog/2012/11/30/tax-fairness-obama%E2%80%99s-friends-what-about-rest-us
T,rex/ I do not know where you get this S.S. was underfunded,and suggesting that our Medicare needs to be cut is just as big a fallacy The solution to those two entitlement problems is for our Employees/Representatives stop looting the S.S. and for our fraud investigators rigidly enforce our fraud and abuse laws. We do need to re-access our tax laws and give aways to industries including our agricultural ones.Those gifts were to help family farms over inclement weather times and to save them from going under in bad times,as well as helping other desired industries to develop and improve by assisting in their times when they needed help to advance. It should not be to pour our tax money into huge money making concerns that are making exceptionally high profits in their good times. I realise that you also advocate returning our ordinary people to the ninteenth century.That is only the policy of our Rep/T.P and has been proven to be unacceptable by the majority of our citizens. This Democratic Society Boo!
The rich and powerful used violence in the past to control the masses, now they use the media talking heads to keep the masses under the illusion that Jobs Creation is only possibly if they pay less taxes. Paid economists, intellectual, and politicians are tool for the elite and the middle class should always be on alert.Government Bond is a Scheme to rub the middle class to keep the rich on top.
Take an example of someone was born super rich, buying government bonds, which pay him tax exempt interest. That interest comes out of taxes that are paid by the majority of the populations through all kind of taxes.
This born rich guy did absolutely nothing to earn a living and we are simple supporting him because of someone in past somehow accumulated wealth that was transfer to him. Government should never borrow money from anyone, if there is program that is needed then collect enough taxes to cover the cost. Tax the super rich not borrow from them
You are an idiot. You give not one example for how government stealing from productive people and giving it to the lazy will produce anything other than more votes from idiots for more government. Nicd job of proving you don't have a freaking clue about what the problems are, let alone how to fix them.
Idiots like you that have not worked for 30 and 40 years to make enough to invest think that those that have worked and PAID TAXES for 40 years now owe you their money.
Grow up you self centered jerk. Get a job and pay your own way.
hey stupid you hate the Truth....well fare for the rich baby's...he is right...that needs to be cut..dont you think
No you lazy azz freeloaders need to WORK instead of being moochers, moron.
msnbctheliberallystupid:
I am businessman who made money the honest way working and innovating I am worth few millions, and I was not born rich. But please explain to me how Tax Exempt Government Bonds help the middle class? Having to pay more in property tax, sales tax, cigarette tax, gasoline tax, misc. fees that counties and state collect, and finally income tax would that help the middle class.
thanks first.for the truth..hey stupid..I work...been working why do you tea nuts keep thinking liberals are lazy
Elvis...why do people think liberals are lazy?
Hmmm...maybe its because they want to raise taxes on others, while keeping their own rates low.
Maybe it's because they want to keep their reduced SS contributions, while expecting someone else to make up the shortfall.
Maybe it's because they want unemployment benefits extended.
Maybe it's because they want to further extend entitlement programs, following Obama stated case of income redistribution. As in taking from higher earners, and giving to the low class.
I could go on...but you should get the picture. Want, want, want, demand, demand, demand...take, take, take. I am NOT a 1% er, but I was raised to be responsible, not take a handout, as were my parents and grandparents. They would all be ashamed to demand anyone else pay the way for them.
T, Defense Contracts=Redistribution of tax payer funds, every business and governments, state or federal redistribute wealth, every person in the US redistributes their wealth. Think about it, you may not like who gets the redistributed monies, but that's the way economies work. Be specific on your likes and dislikes.
CUT EVERYTHING and start with DEFENSE, fine, but also all the foreign aid and subsidies and entitlements as well ONLY THEN ask me for more of MY MONEY>
Now! Now !54#1 I Refuse to dispute you so get over your childish temper tantrum .Try to relax and mommy will give you a glass of milk and sing you to sleep.
The Colossal Ignorance of Our Leaders Created this Fiscal Crises, Nothing More Nothing Less.
It is indisputable that a nation sovereign in its own currency can issue as much of it as it wants to pay any obligation denominated in its own currency. It does not need to "GET" revenue to pay its bills. It simply issues more of its fiat currency to satisfy its obligations. Why would it need revenue/income to spend? Would you if you issued all the money to your family? Why would you need to go out and "Get" a job to earn income? You could never go broke because you'll always have the ability to pay. You would tax your family for other reasons than to raise revenue since you create money out of thin air.
Therefore, the Federal Government levies taxes to manage inflation, distort income distribution and market prices, and force acceptance of its currency. Its the only currency it will accept in payment of its taxes and, therefore, citizens must provide goods and services to the government, or receive a transfer payment in order to get the currency to pay the tax. The Federal Government, unlike the States, firms, and households, does not levy taxes to raise revenue per se to spend.
Any statement from any source that tells you "tax payer funded this or that" simply displays the near universal ignorance in this nation of basic but axiomatic principles on how our monetary system's tax policy functions post gold standard.
The Fiscal Cliff is easily resolved. Congress repeals the debt ceiling before Jan. 1, 2013.
Or, the President issues debt free legal tender to spend and reduce the debt by trillions allowing funding for all appropriations and indeed all authorizations without going to bond markets. See: http://www.correntewire.com/coin_seigniorage_a_legal_alternative_and_maybe_the_presidents_duty
i guess I just read that correctly... Geitner is asking the Republicans for direction and Leadership. Go figure with this President....
Geitner is asking for something other than "no".
Then he better start asking the right questions.
Wood Botcher ....Even the Left has problems wioth Obamas serousness.. If we head over the Fiscal Cliff...The Presidents Legacy will be in huge trouble. Spending has to be cut ...92 percent of Americans agree wiith that. The President has not put a plan where spending is to be cut. Ex of an extreme Left that has problems with the proposal is Alan Combs...one of the most extreme LEFT talk show hosts on the air.
The Presidents approval rating already down 7 percent after his big re-election.Even if he tries to pin this on the Gop..which his friends in the main stream media will gladly do....he will take a huge hit as well.
The bottom line is THE Republicans can not give up tax cuts with out some entitlement spending cuts.
When Obama and company decide to get serious...so will the other side...They are waiting to be led...well because he is the President ...not them.
Sorry about the typos..
Mike PA./Why did you post comment 57? you do know that he was asking them to do the job that we have hired them to do .This game from you T.P./Republicans is getting old. Give it a rest. I know that you are only playing that old fascist game but we are in serious financial trouble you***.
Why isn't the president in there doing the negotiations. No, he's out sitting on a bus doing what he does best...NOTHING.
We've already gone over the cliff, now its just a matter of how hard we hit the bottom.
Don't know much about the gubmint, do ya?
woodbutcher
Looks like you don't know what a leader's role is in negotiations.
slodon: or you don't. Obama has already offered a proposal, in detail. The republican answer is 'no'. They have so far refused to offer a counter-proposal. Obama knows that in this situation, his best bet is to rally the public to his cause, to make clear to the public that they have refused to do what the public demanded they do in the last election, and to keep their feet to the fire until they act.
That Obama is using the bully pulpit to move the negotiations forward demonstrates that he does not want to go over the cliff. This is in fact part of the negotiation itself: it strengthens his hand, because the public has made it clear that they don't want to go over the cliff. In this situation, it is the smartest thing he could do.
hey tea party workers on the vine...not the rich ones...tell me this..I will be waiting???
lets give the rich bastards a tax break forever...that's what they want...so who is going to pay off the debt...and pay for future bills???when pass...when you give greedy bastard's a tax break forever..who will pay for the tab
NEWS FLASH
OBAMA ADMINISTRATION SHOWING MORE SIGNS OF BEING CORRUPT. HE IS IN BED WITH THE RICH
Costco co founder and CEO, Jim Senegal, a large supporter of Obama even speaking at the Democrat national convention get a special tax break. They were awarded a special dividend to avoid the Mr. Obama’s dividend tax increase
COPY AND PASTE BELOW IN BROWSER (Moderator does not allow links)
online.wsj.com/article/SB10001424127887324705104578147513153831692.html
reuters.com/article/2012/11/28/us-costco-dividend-idUSBRE8AR0Q220121128
news.yahoo.com/costco-pay-7-special-dividend-december-18-145925944--sector.html
foxbusiness.com/on-air/willis-report/blog/2012/11/30/tax-fairness-obama%E2%80%99s-friends-what-about-rest-us
Eric+ No.s/ A friend of my wife buys the globe mag also. Did you get that from her? Shothole#60 The answer to the Question is that until your House Rep/T.P. give him a bill then it can't be studied then passed or rejected to be voted on,but you already know this so why am I wasting my time with you.?
Where are the democrats cuts in spending? They have the controlling hand. They are the ones that added so much to the national debt. Where are their ideas? They are the ones that had control of the purse string for the last six years. If you people can remember at the end of the Clinton Years the country was in a recession and a lot of people were getting laid off. The old story with president Bush was that congress was not going to give him a blank check. Obama has had a blank check for the last 4 years. and the democrats control of the purse strings. Bush is not president now Obama owns the debt he has run up with failed policies and bankruptcies. Where are the JOBS? Wonder if Geithner has paid all of his taxes. 4 people dead in Benghazi and no answers.
Where are the jobs? Why, the GOP declared that the lowered taxes on the rich would create the jobs. Why don't you ask the GOP? After all, look at all the jobs bills they have tried to pass (scarcasm flag on).
Interesting how they scream for specifics when they have an empty hand!!!! Whiners.
no more tax breaks dumb azz
woodbutcher
Did we create 5 million jobs in about 35 months? Wasn't ALL of Obama's policies obstructed by the Republicans? Where do you think those 5 million jobs came from?
4,477 Americans body bagged in Iraq and no real answers, 3000+ souls lost in 9-11 no real answers, 1800+ dead during and after Katrina, answer, "Heck of job Brownie."
The President has had a "Blank Check for 4 years," really, hahahahahaha Wait for the report from the committees re. Benghazi, I am sure Issa will not disappoint.
I don't think most of America is regarding Benghazi as anything more, or less, than an act of war by hostile enemies. We are saddened by it, we are angry and we want those responsible to pay, but most of us have an understanding that this is the fault of all of Washington. Some of us even think if the republican party was not so bent on cutting costs, maybe it would not have happened. I know both parties voted to reduce our embassy budgets, we learned that was a big mistake. I also know that help was requested earlier on, but I don't know what form of help could have been given under the circumstances. I do know a witch hunt is not going to hurt Obams, thats already water under the bridge.
Not sure why or where Turbo Timmy has been for the past four years, but the Repubs have consistently offered numerous budget and cost savings ideas and suggestions.. These have been in the form of written as well as verbal accounts of possible efforts to streamline government and reduce costs. As an outside observer, their efforts are in the mainstream view to revise the tax code, streamline government and eliminate overlap and redundancies, restructure entitlements to provide a long term survival for future generations without impact on current seniors, create employment incentives for firms to grow,hire and train employees, expand world markets and stabilize trade and currency agreements. To name just a few observations.
Personally, I would add the following: Pay Obama $1 per year until our GDP is 6% growth and debt is below $1T, take away AF1 and allow him to utilize public transportation, no vacations for four years- he needs to focus more on his job, all book and future business deals must be revenue surrendered to reduce the public debt created under his administration. No allowances for staff or vacations/junkets/ clothes beyond a set annual stipend of $3000 for FLOTUS. Lastly, take away all administratin limosines and replace with green Volts or wind powered bicycles.
You repeat all the Talking points without any specifics! Sound familiar???
sndvl; The POTUS makes $100,000.00 per yr. in salary! Just how is his giving this up going to balance a Trillion dollar budget?
No doubt he would be glad to use public transportation if there weren't a bunch of nut jobs out there who would just jump at the chance to kill or maim him. His transportation is coordinated by the Secret Service! Let's get rid of them too! Remember, they are still protecting Cheney & Bush.
The First Family pay, personally, for all personal expenses, including food, vacations, education, and clothing. the President vacation time=61 days, Bush vacation time during first term=169 days, not included 77 trips to the weed infested ranch and the renovations made on the tax payer dime.
I think the president, like everyone in Washington but unlike alot of America, has had a pay increase. Its up to about 250K now.
The House should honestly just put together its own bill and pass it. Stop negotiating with the White House. They are NOT a legislative body. If the President doesn't like what gets passed through Congress, he has the option of vetoing it. Of course, then it will be on HIS head if the deadline doesn't get met.
Don't know much about how gubmint works, do ya?
You don't get it do you? Congress did pass the law that created the fiscal cliff. It was a Republican Congress that approved the expiration of the Bush tax cuts and the trillion in defence & domestic spending cuts next month. If they occur the public will know who to credit for it!
House can't pass anything without the Senate and vice versa, civics. The House can pass resolutions that are meaningless and so can the Senate, i.e., naming Post Offices eg., Ryan was good at that. Neither body can make legislate law without the approval of the other body, so why didn't the Jobs Bill pass the House after Senate Aprroval, or Equal Work for Equal Pay, or Violence Against Women Act?
A Repulican Congress? Since when? The Republicans only have control of 1/2 of Congress anf they have largely been doing their jobs, like actuall passing a budget. Its the Dem Senate that has been holding everything up.
Filibuster works wonders, as the rules stand today, effectively shuts government down and nothing gets done.
Step 1: repeal Obamacare. Step 2: impeach Obama. Step 3: remove Pelosi and Reid. Step 4: declare liberals truth terrorists and deport them to Iran.
1. ain't gonna happen, 2. ain't gonna happen, 3. ain't gonna happen, 4. "truth terrorists"? Maybe you can't handle the truth.
You live in an another reality...while the clock ticks in this one.
rober34:Bagger babble just doesn't cut it any longer.
Robber34 #63/I commend you on your ??? Idiot.
Obama Administration showing signs of being corrupt.
Costco co founder and CEO, Jim Senegal, a large supporter of Obama even speaking at the Democrat national convention get a special tax break. They were awarded a special dividend to avoid the Mr. Obama’s dividend tax increase.
Pure garbage Eric. Hundreds of companies have declared special dividends in order to avoid the higher taxes in 2013 in the event the Bush tax cuts expire and dividend taxes go up. Sheldon Addleson of Los Vegas Sands got a dividend of over a billion in a special dividend.
OBAMA ADMINISTRATION IN BED WITH BIG BUSINESS AND THE RICH
HOW AARP PROFITED 2.8 BILLION FROM SUPPORTIG OBAMACARE AND RECEIVED A WAIVER TO NOT PARTICIPATE
COPY AND PASTE BELOW IN BROWSER (Moderator does not allow links)
forbes.com/sites/aroy/2012/09/22/the-aarps-2-8-billion-reasons-for-supporting-obamacares-cuts-to-medicare/
nationalreview.com/corner/328338/aarp-made-28-billion-obamacare-avik-roy
dailycaller.com/2011/05/19/aarp-latest-to-receive-obamacare-break/
townhall.com/tipsheet/guybenson/2011/05/20/unreal_aarp_to_receive_obamacare_waiver
Most of us don't copy and paste right wing BS. We read and put our own words up.
Obama Administration showing signs of being corrupt.
Costco co founder and CEO, Jim Senegal, a large supporter of Obama even speaking at the Democrat national convention get a special tax break. They were awarded a special dividend to avoid the Mr. Obama’s dividend tax increase
Obama Administration showing signs of being corrupt.
Costco co founder and CEO, Jim Senegal, a large supporter of Obama even speaking at the Democrat national convention get a special tax break. They were awarded a special dividend to avoid the Mr. Obama’s dividend tax increase
your stuttering problem is getting worse!
NEWS FLASH
OBAMA ADMINISTRATION IN BED WITH BIG BUSINESS AND THE RICH
HOW AARP PROFITED 2.8 BILLION FROM SUPPORTIG OBAMACARE AND RECEIVED A WAIVER TO NOT PARTICIPATE
COPY AND PASTE BELOW IN BROWSER (Moderator does not allow links)
forbes.com/sites/aroy/2012/09/22/the-aarps-2-8-billion-reasons-for-supporting-obamacares-cuts-to-medicare/
nationalreview.com/corner/328338/aarp-made-28-billion-obamacare-avik-roy
dailycaller.com/2011/05/19/aarp-latest-to-receive-obamacare-break/
townhall.com/tipsheet/guybenson/2011/05/20/unreal_aarp_to_receive_obamacare_waiver
Obama Administration showing signs of being corrupt.
Costco co founder and CEO, Jim Senegal, a large supporter of Obama even speaking at the Democrat national convention get a special tax break. They were awarded a special dividend to avoid the Mr. Obama’s dividend tax increase
JUST BEING A MESSENGER OF FACTS FOR THOSE WHO BELIEVE ONE PARTY IS MORALLY BETTER THAN THE OTHER
COPY AND PASTE BELOW IN BROWSER (Moderator does not allow links)
online.wsj.com/article/SB10001424127887324705104578147513153831692.html
reuters.com/article/2012/11/28/us-costco-dividend-idUSBRE8AR0Q220121128
news.yahoo.com/costco-pay-7-special-dividend-december-18-145925944--sector.html
foxbusiness.com/on-air/willis-report/blog/2012/11/30/tax-fairness-obama%E2%80%99s-friends-what-about-rest-us
I voted for Obama and his proposal is so full of crap I could puke. He said he wouldn't change Medicare but yet now he will but in 2017 when he leaves office. He said he only wanted to impose a 3.8% tax on wealthy but now he wants more in reductions eliminations. This is essentially the same budget that no one even us democrats wanted. We can't blame this one on the tea party people. The president said one thing now is doing a 180.
The President has offered a proposal. It is up to the GOP to offer a counter proposal. That's why the freeking process is called negotiation. The problem is, the GOP is afraid to offer what they really want.
What in sam's hell is going on here. again i voted for obama. this is his proposal. it's exactly the same budget that was voted 97-0 in the senate. nothing different. propose something meaningful please mr president. that's why we reelected you.
Since you seem to know so much.
What do the Republicans really want?
Ah...for once I can agree with "slodon." What do Republicans want? The ball is in their court. The Administration has a proposal on the table. Stamp your feet, hold your breath, whine, complain...none of that puts a counter-proposal on the table.
Accept it or propose alternatives.
GIVE THE GOVERNMENT YOUR MONEY. Timothy Geitner proposes that we let the government have UNLIMITED ACCESS to UNLIMITED DEBT by allowing the government to BORROW MORE MONEY WE DO NOT HAVE and not have Congress vote on increasing the DEBT LIMIT.
Spend and then Tax is what communist do, even the socialist nations Tax first before Spending and that is bad. Allowing idiotic politicians to PROMISE PEOPLE EVERYTHING for their votes and then SPEND WITHOUT ACCOUNTABILITY is why we are in this dilemma now, and they think we should give them now not only the money we have now but the money we will have in the future now as well by BORROWING and SPENDING without limits or being held responsible.
Good grief these people like Geithner are evil or just plain stupid.
yeah like making new wars ships...but don't you think you can spend your money better than the government dumb azz
Raising the debt ceiling just allows the government to pay bills it has already incurred, from the wars to the FEMA relief efforts. Legislation controls future spending.
You are an idiot elvis. I don't care about defense spending either you moron, but what really is disgusting are lazy azz losers like you that live off others labors. Get a clue moron.
Legislation? Are you that naive?
Already incurred is the problem!!! You nuts don't have a clue.
tax cuts do not create jobs..they make the rich richer..just look at twinky..nuf said
Because 1 of the 12 unions representing 30% of the workers blew the deal for everyone?
Unions ask for more money for fewer workers than less money for more workers. The community is better off with the latter. Go figure, the union paradox.
While the execs that ran the company into bancruptcy get $1.8M in bonuses?
Yes; to keep the execs there while they sold off the rest of the assets. Wonder how much more they will pocket! Want to bet Twinkies will be back, sold under a different bakery name, no doubt in a "right to work" state! I even heard a possible move to Mexico.
Oh sure, I'd feed Mexican made twinkies to my family.....NOTTTT!
GIL, BIMBO name of the Mexican Co., interested in acquiring Hostess, said would continue to make Hostess products in the US. BIMBO, I know really.
It will all come together in the last 72 -48 hours. Just like it did before. We knew before the election that the people we were sending back wouldn't give in until the very last. Why did you vote for a Congress that you have had an approval rate of below 45% for the last three years. Stupid people. The Democrats even left Washington so a vote couldn't be held. That's first grade stuff. You mean we can't get people more mature than a first grader? Don't blame me I didn't vote to return any of those idiots.
Those Democrats sure know how to compromise.
Between that threat and President Obama's campaigning, who needs a negotiation process with everything on the table, new ideas, and compromise.
Wait-wasn't it 250,000 a year? The Republicians should offer to go Geitners taxes next year. Offer solutions. Where back to that Game. The President that hasn't presented a budget in 4 years? I have a solution obama. Go on a 1o year golf tour and let the Republicans take care of it for you. The Republicians should walk....over tthe cliff. Bye, Bye obamacare.......
The President has proposed a budget every year. The House passes a budget (Ryan, Romney, who cares) that is totally unacceptable to the dems. Instead of passing a bill that can be worked out in the Senate, they pass garbage and then complain, instead passing a CR which does the same freeking thing...fund the government.
woodbutcher
Don't you remember that the Democrats didn't even vote for Obama's Budgets? They lost in the House and the Senate without one single Democrat voting yes. They all voted NO!
I really can't believe any democrat in their right mind would support this budget. If I were running for reelection in 2014 I wouldn't. Massive tax hike twice the size that Obama said he wanted. No debt reduction other than simply screwing doctors and hospitals even more. Remember when Obama said republican math did not add up? Well his might but it comes at a massive expense to money that could actually pay workers.
This is not a budget. This is a proposal on the sequester. If nothing passes, all taxes go up and the Dems try to get the Senate bill past the house. Will the GOP vote "no" on tax reduction?
Spending cut of .85%.
A revenue increase of $160B per year, which at least pays for the cost of extending the Payroll Tax Holiday of $100-110B per year.
So tax cuts for the 53% are being pitted against $50-60B per year and a <1% spending cut.
American Exceptualism?
I have absolutely no faith in the Treasury Department anymore. Their senior level executives have provided misleading budget information in an attempt to forward an agenda, even though it will end up costing us more. I am so disheartened by their lack of integrity, and knowing that they will not be held accountable for their misconduct.
God 4 more years of msnbc covering the smell of@!$%# in the room.
They have to cover GOP politics....
Obama Administration showing signs of being corrupt.
Costco co founder and CEO, Jim Senegal, a large supporter of Obama even speaking at the Democrat national convention get a special tax break. They were awarded a special dividend to avoid the Mr. Obama’s dividend tax increase
Obama Administration showing signs of being corrupt.
Costco co founder and CEO, Jim Senegal, a large supporter of Obama even speaking at the Democrat national convention get a special tax break. They were awarded a special dividend to avoid the Mr. Obama’s dividend tax increase
Link?
woodbutcher
Why don't you look that up? And while you're at it, look at all the exemptions that were given to Ms. Pelosi's constituents for the transition to Obamacare. Look at Atty. Obama suing Citibank to offer sub-prime loans to Chicagoans. Savings UAW pensions with taxpayer money while letting non-UAW pensions twist in the wind.
"Everybody plays by the same rules..."
Moderator keeps removing. Here you go again .
online.wsj.com/article/SB10001424127887324705104578147513153831692.html
reuters.com/article/2012/11/28/us-costco-dividend-idUSBRE8AR0Q220121128
news.yahoo.com/costco-pay-7-special-dividend-december-18-145925944--sector.html
foxbusiness.com/on-air/willis-report/blog/2012/11/30/tax-fairness-obama%E2%80%99s-friends-what-about-rest-us
If moderator removes again just google: Tax break on dividends for costco
Bring on the cliff!! Let's pay our frickin bills!!