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Subscribe to RSSPublished at 5 a.m. ET: Less than one month into his second term, President Barack Obama looks to complete the outlines of an ambitious agenda in his State of the Union address Tuesday night.
In his inaugural speech, the president telegraphed several initiatives he wants Congress to pursue and pass this year: gun control legislation, a bill to create a legalization process for many of the nation’s illegal immigrants, subsidies for renewable energy technologies and legislation to respond to climate change.
Obama will likely return to those topics Tuesday night, but the White House has signaled that this speech will focus more on the themes that dominated the past four years -- jobs and the economy -- with new initiatives aimed at improving the prospects of growth for both, and a particular emphasis on the middle class.
But any new policies or programs will have a cost to both present and future taxpayers, and it will take some time to figure out that cost because the president hasn’t yet presented his budget proposal to Congress. And when he does, the ongoing standoff between Republicans and Democrats over everything from how to continue funding the government to looming spending cuts still leaves plenty of uncertainty about any fiscal policy in Washington.
President Obama is set to focus on jobs and the economy during Tuesday's State of the Union. NBC's Peter Alexander reports.
Due a week ago, but not likely to appear until sometime next month, the president’s budget proposal is the detailed and lengthy (last year’s was 256 pages long) blueprint in which a president gives Congress and taxpayers all the specifics -- how much each new initiative will cost and what tax proposals he is offering to help to pay for his programs.
The budget document is the president’s attempt to direct spending policy for the coming fiscal year -- the one that starts on Oct. 1 -- and for the ten years beyond that.
This year there’s an air of unreality about the budget compared to, for instance, 2009 when the president’s Democratic allies controlled both the House and the Senate. Exactly four years ago, when Obama proposed to collect $646 billion in new revenues from auctioning off greenhouse gas emission allowances, there was a reasonable expectation that the proposal would become law and that the $646 billion would flow into the Treasury.
When Obama does deliver his budget proposal next month, the fiscal path forward will remain in an extraordinarily makeshift and unpredictable state.
Budget 'harder to predict' than ever
Veteran budget analyst Stan Collender wrote this week that even former congressional Budget Committee staffers who have spent their careers assessing budgets find that “the current situation is as complex, hard to read, and even harder to predict than any they’ve ever seen.”
The federal government is now operating on a six-month continuing resolution which keeps discretionary spending for departments and agencies at the prior year’s levels.
Mandatory spending for Social Security, Medicare, Medicaid and federal employee retirement benefits is driven by demographics, enrollment, and the cost of medical procedures. It isn’t as controllable by Congress or the president.
The continuing resolution expires on March 27, leaving Obama and Congress only a few weeks to figure out what to do next. Another stopgap continuing resolution seems quite possible.
In addition, the Budget Control Act requires $85 billion in spending cuts to begin on March 1.
Illustrating just how unreal the current fiscal situation is, Defense Secretary Leon Panetta said in his farewell address last week at Georgetown University that if Congress passes another continuing resolution and it allows the spending cuts required by the Budget Control Act to take effect, then his department “will have to abruptly absorb in a period of about six months” $43 billion in spending cuts (known as the sequester). This will be on top of what Panetta thinks are inadequate spending levels in the continuing resolution -- what he described as “a $35 billion shortfall in operating funds for our active forces.”
Kevin Lamarque / REUTERS
President Barack Obama speaks from the briefing room of the White House in Washington Feb. 5, 2013.
Panetta explained that the Pentagon has been spending money at a relatively robust rate level so far this fiscal year. “We assumed, silly us, that we would get a 2013 appropriation, what we requested,” he said. “And so we're operating on this hope that 2013 appropriations bill will be passed. It hasn't been passed.” And yet the Defense Department has been spending money as if it would be passed.
With both the sequester and another continuing resolution looking possible, Panetta is now facing, and leaving his successor with, “a serious disruption in defense programs and a sharp decline in our military readiness.”
Reminding his audience how big an employer the Department of Defense is and how large an economic effect it has, Panetta said, “If sequester happens, let me tell you some of the results. We will furlough as many as 800,000 DOD civilians around the country for up to 22 days. They could face a 20 percent cut in their salary.”
Other departments and agencies would need to take similar steps.
Given such a crisis atmosphere, one could see why Obama’s proposals for new programs and new spending might get overshadowed and might stand little chance of being adopted.
Disaster spending
And yet Obama and members of Congress have been extremely lucky in one sense. The last few years has been a good time to be in charge of fiscal policy, thanks to ultra-low interest rates which mean an ultra-low cost of financing the federal government’s borrowing.
That will end in the next several years. The Congressional Budget Office, in its annual budget forecast last week, projected that what the federal government must spend on net interest payments will more than double in the next five years and will nearly quadruple by the end of the 10-year budget forecasting period. Instead of spending six cents of every dollar to pay interest on the debt, the government will be spending 14 cents of every dollar on interest payments in 2023.
By 2020 the government will be spending more on interest than it will spend on national defense.
In the short term, the good news for Obama is that the economy is recovering and with that recovery has come a surge in federal tax revenues, which are up 12 percent in the first four months of Fiscal Year 2013. Individual income tax revenues are up by 16 percent so far in FY2013.
Keep in mind that revenue surge has come even before the full impact of the $700 billion tax increase that Obama signed into law on Jan. 2. The increased revenues from that tax increase will show up in withholding from paychecks in 2013 and also will be seen in the income tax payments Americans must make when they file their tax returns in April 2014.
Given the need Obama sees for even more revenues, don’t be surprised if you see some of the very same ideas in the State of the Union and the budget blueprint that he proposed back in 2009 in his very first budget proposal, such as taxing a form of investment income called “carried interest” as if it were ordinary income and eliminating of certain tax preferences for oil and gas firms.
But while some things might be the same as in 2009, in one part of the budget one thing is quite different: in Obama’s first budget proposal in 2009 he and his number-crunchers projected that in the current fiscal year, FY 2013, the federal government would need to spend $20 billion on disaster relief. That disaster spending prediction will turn out to be far short of reality: Obama has already signed into a law a disaster relief bill for Hurricane Sandy that will cost $50 billion -- and the hurricane season does not being until June 1.
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How will "he" pay for it??we pay for it..we!
Hey how dare you tell the morons that ? Stick to the talking points....Tax the rich blah blah blah. The idiots are not swayed by the fact the rich have just got a huge tax increase. They vote on until debt cuts their idiot heads off.
Oweboma can't pay for it and the elitists are running out of time and money...yet all to plan. Hence War is coming. Puppet this puppet that, like a corrupt domino one falls, then another, but the same time there being propped back up...by who?? NWO must be stopped whom ever they are. Our freedoms can't fail, this great nation must never fall. Our guns must never be taken.
Excuse me....I must go work on some fake polls now and new brainwashing techniques, showing a majority of the American people want gun control and illegal immigration so we can put a huge burden on our system and threaten our own freedoms? WTF? Yes we want this right...to give up our guns so we can truly be dictated and controlled. That's what I need any way. Life is to hard and the Govment is the way. Praise Obama. Sweet Jesus. He gonna save us...gonna get me a cold pop, cause Israel barbecuing and war mongering...I ain't got time for that.
Why are we even asking that question - How will he pay for it? He'll pay for it the way the government pays for everything - borrow money from China.
@joemike404: This whole thing of borrowing money from China was false information when it first came out under the Bush administration and even now. If you would actually do some research for yourself to better your own arguement, the total debt we owe to China is really small compared to what we actually owe ourselves. You seem to not know how this system works. Majority of the debt this nation has is from the government borrowing from itself, in other words a big fat I owe myself card. This debt that they produce by doing this, is just worthless printed money from the Federal Reserve, which is then loaned to the government with interest. Now this debt is honestly not the American tax payers responsibility to pay off, it is not our debt to pay but the government since 1912 when Congress amended the Constitution to allow for the Federal government to tax your income, was the year right before the Federal Reserve came about in 1913. You, I and everyone else have been scammed into paying for a debt that is not ours to begin with.
Maybe Obummer took too many expensive and lavish vacations while the little people suffered??
What is next??
So many Americans yet so few DRONES eh?!???
I dont think BUDGET is in Obama's vocabulary! Neither is REALITY!
Printing money and robbing Social Security, just like all of his predecessors. The question should not be "how is he going to pay for the new programs?" The real question is, "How are you going to pay for the programs we ALREADY have?"
Right now....Trillion plus defecits and counting. And, Obama is avoiding budget cuts like the plague.
BTW...Those ultra-low interest rates are phony and manipulated by our govt. And Obama has the guts to whine to China about their currency manipulation.
TRH86- Whats a few trillion right TRH86, not including the interest of course. You wouldn't mind picking up the tab would you?
China has actually decreased its holdings of U.S. debt over the past year, dropping from $1.31 trillion in June 2011 to $1.16 trillion a year later, according to the Treasury Department. Japan holds nearly as much, at $1.12 trillion. Those countries are by far the biggest foreign holders, but dozens of other nations, including Brazil, Russia, Taiwan, Switzerland and the United Kingdom hold trillions more.
Read more: http://www.foxnews.com/politics/2012/09/04/who-do-owe-most-that-16-trillion-to-hint-it-isnt-china/#ixzz2KanPBKJP
When has reality stopped him before?
all this bickering and back biting in almost perfect harmony reminds me of a song...."Why can't we be friend, why can't we be friend, why can't we be friend, why can't weeeee beeeee friends". Oh well hell... at least we still have our guns, right?
Hey, ever notice the libs like Pigotry & feisty don't come out to give their side when such articles come out? Where ya at guys? Nothing to say when reality comes out to roost eh? Yep, there ta go.
They are all on the site celebrating "Michelles capture" of the 2 that killed Hadiya!
That or Michelle stayed over and they are all kissing her butt!!!
Pay for it? Why would he have to pay for it when all he has to do is tax the rich?
Never mind that the top 1% of earners are already paying nearly 40% of our nation's tax burden while 47% pay nothing... they need to pay their fair share!
And never mind that you could tax 100% of the income of everybody who makes $100k or more per year, and it wouldn't fund Owebama's spending spree for even six months.
We can tax our way out of this - so why let facts get in the way?
"Subsidies for renewable energy technologies"? Didn't we try this already? "Solyndra solar" ring any bells? Yeah, they took the money and filled bankrupcy. Along with a few other "Green Companies" that went under, too convently, after receiveing taxpayer money. Never to see that money again. That is a scam and he is suggesting that we do it again?
If you don't think that he is going to raise taxes on the middle class to pay for all this pie in the sky crap, think again. He got re-elected and has nothing to worry about. We are in for a rude awaking!!
He got his tax increase that we wanted. But now we are going to see him increase spending, after he agreed to cut spending. If this keeps up the $ is going to be worthless. Start stocking up on liqour, Cigerretes and food to barter with.
No matter what political party you are in, if you have any knolwedge of accounting and economics, you can see that this can not keep continuing. Eventually it will all hit the fan and it will be the middle class that is going to loose everything. An when this happens the rich take over our government (Already Starting) , leaving nothing but the New poor and the carreer poor to fend for themselves. It will be chaos! We all need to wake up!
We aren't paying for it, Obama is piling the debt on future generations as far as the eye can see. When Obama is running around like chicken little screaming the sky is falling because of the paltry 85 billing in cuts coming from sequester, everyone should realize the greatest threat to this nation is Obama. We are already on an unsustainable path financially, and yet Obama will layout even more spending in the State of the Union address. Obama wants the power to raise the debt ceiling, no challenge to any spending proposal, and higher taxes. There will not be much left of this country by the time Obama leaves office, which is apparently what he wants. Obama is amassing debt at a rate that will make it impossible to pay off, he is turning the United States into a debtor nation.
If this country were a business it would have closed a long time ago. Changing the world into a eutopia with perfect harmony is a nice vision but it's time to balance the checkbook and cut the waste. Oh, the lower number of people filing for unemeployment is not a benchmark, try adding the jobs that were promised.......
Cut defense, cut subsidies to big oil and gas and others that need no such subsidies but will still make obscene profits. Cut many other wasterful pork that has existed everywhere in the country. There is money. Then with the economy going stronger by the day, more money will be available.
Cut funding to education...we spend more in the US on education than the next 5 countries combined.
yet? Who are you trying to kid? He hasn't YET presented a budget for years past.
when? You should have written IF.
That could take a while.
I agree. Most of those social programs have proven to be counter-productive.
so subsidies to oil are good, and subsidies to solar are bad? Germany has raced far ahead of america with solar power as many others have..
The people at fox said that Germany has more sun, but the weather guys say, NO, America has more hours of sun than Germany has. we are on a lower latitude.
When you subsidies America made energy, it IS money spent. But it is money that does not leave America if done right. the less money that goes out of america the better off we are.
In related news, the TRADE deficit, has gone down 20%. America is making it's come back largely to new drilling all over america, (not Alaska so much). Thank you Mr. president.
So in short to all you 'doom and Gloom" people, America rebuilds while dragging you forward as you are kicking and screaming that the sky is falling.
There is a big difference between money spent, like the wars and what Bush gave to big pharma. Imagine, the president of "free markets" left us with a law that makes it illegal for medicare to bargain, and money invested in our future.
A republican named IKE was told by his own party that the interstate highway program was a waste of tax money. Imagine if they had not been built, how long would trucks take to deliver your food, medicine, furniture etc. The whole nation would be one big gridlock.
you guys need to change your minds on renewable energy and move with America, not against it.
Cut spending . Obama already increase 6 trillions our national debt , and he will double it at the end of his 8 years, not counting all the counter fit bill printed by the FEDs. Obama has spending problem. He can tax 100% to the 1% , but it won't be enough to pay for even a week.
Cut subsidies for oilcompanies and for all green anergy companies too, we got enaugh with solyndra , Feskin among others. GE don't need subsidies.
Pigotry says, "Cut many other wasterful pork that has existed everywhere in the country. There is money. Then with the economy going stronger by the day, more money will be available."
Yet Obama is screaming that the sky is falling when it comes to cutting 85 billion because of sequester. Likewise Obama will layout even more spending initiatives in the State of the Union address. Obama simply does not care about the debt or the annual deficits. All Obama has done on the debt and the deficit is talk a good game, and blame someone else for all the problems he has failed to solve.
O'Bama has been acting more like a Dictator than a President. He complains that the Republicans won't compromise and in the same breath says he will attempt using "Executive Orders" to get what he wants. He tries to Govern using Social Media where he can and has hid his massive failure as President. The Tax & Spend Democrats have already raised taxes more than any other Administration. The 1% have already been taxed to the max. with the most current tax increase. The only ones left are the quickly dwindling so-called "Middle Class". The problem there is that O'Bama's policies have all but destroyed the Middle-Class. He is over 4 years late (which is no big surprise) with jobs. Everyone who works for a living is already aware to the 20+ taxes they will pay because of O'BamaCare. Those of you that sit on your as-es and collect you welfare and food stamps and other NEW Entitlement Programs should take note. Your "Free Ride" is coming to an end because the money is drying up and there is no more available to O'Bama. O'Bama should prepare for Armed Uprisings in D.C. and if he continues pushing his Dictatorial/Socialist Agenda the Armed Revolt will be looking for him.
i opt for more off shoring and lots more green cards and 11 million undocument citzenship...more off shore bank accounts and more rich denouncing their citizenship...and more stupid spending and policing the world...can i have a job on your cabinet obama...whats with the Guy Fawkes Mask...http://www.youtube.com/watch?v=KrVC5dm5fFc
Let's see if I got this straight. A war can be started without funding,at any given time,without the necessary funding.
Anything other than starting a war HAS to have funding first? Interesting concept.
repubs sure do love to run up the country credit cards. Obama trying to solve that bill alone just isn't enough.
gop sure does crave power in that they really hate it when there is a D in the WH and they can't get their way. It's the same as a child who f***ed up something big time. They'll do or say anything to get their fav toy back,then,back to the same ol' BS antics.
can'tor,rubio...you're both going to have to do much more than wear a mask and deliver the same garbage message...Azzwipes.
Cut the benefits for illegals, they will self-deport. We spend billions paying the bills for illegals, school, heath, incarceration, and fake income tax refund.
Wow I havn't stamped "ignore" on so many posters to a single thread in a long time. Where did all the new whackadoodles come from?
I don't believe the tax-revenue numbers this article states. It said tax receipts are up 12% this year but it does not cite a source. Perhaps more obama math?
from the article:
I wish the media would stop reporting nonsense like this, as if the Democratic Party had unfettered control of all 3 branches in 2009. If feeds the public myth that Obama could enact whatever legislation he pleased, which was assuredly NOT the case. Sure, they had a majority in the Senate, but not 60 and therefore not enough to break a filibuster.
And the very next sentence of the article basically hints at the exact problem I described above, but again without specifically mentioning the reason for it (the word "filibuster" is not mentioned). The American Clean Energy and Security Act passed the house in 2009, but never passed the Senate. As far as I know, it didn't FAIL in a vote in the senate, it was simply postponed because they couldn't get the prerequisite 60 votes to pass ANYTHING in the Republican minority controlled Senate (I could be wrong on them not actually having a vote on it, however).
http://www.csmonitor.com/USA/Politics/2010/0722/Harry-Reid-Senate-will-abandon-cap-and-trade-energy-reform
http://www.govtrack.us/congress/bills/111/hr2454#overview
Note, I'm not actually a big supporter of cap-and-trade legislation, but I wish the media would point out Republican obstructionism more often, yet I didn't see the word "filibuster" mentioned at all regarding this passage from the article...
Obama does not have a realistic plan on how to pay for any of his new initiatives. He has not had a workable budget plan since he has been in office, I do not know why anyone would expect that to change now that he has been reelected. With no further elections to worry about the insanity coming from Obama will get much worse. I also find it interesting that Panetta basically admitted that the DoD has violated the continuing resolution. They were supposed to maintain spending at last years rate under the continuing resolution, yet Panetta admits that they have been spending at a "robust" rate based on the assumption that they were going to get the appropriation they requested for this year. Now when the DoD does not get that appropriation and has to take cuts instead, the pain is going to be far worse than if they had held to last years spending level. The DoD is hoping that by making things even worse and causing huge problems if the cuts go through, that they can get congress to let them out of the cuts. Panetta has allowed the DoD under his watch to basically break the law by not holding to last years spending levels.
We need to stop with these new programs and this push for amnesty for the illegals. This amnesty alone will cost the government hundreds of billions of dollars in new benefits obligations per year if it goes through. This is because the vast majority of the illegals in this country would qualify for some type of federal assistance if they became citizens. They would drain far more out of the systems than they would ever pay in. Also, as soon as these people become citizens businesses would start having to pay them minimum wage and provide them with benefits. This will not happen, there will just be an influx of new illegals to take the jobs the illegals hold now at the same below minimum wage rate with no benefits. Businesses are not magically going to start paying everyone increased wages and benefits so long as they can get away with continuing to hire illegals. Amnesty without completely securing our borders would only add the current illegals onto government welfare rolls as new illegals take their jobs. Any amnesty should include a provision that they can not receive any government benefits for at least 10 years, otherwise they will bankrupt the system. These are the realities of this problem that all the liberals do not want people to think about. They try and sell the gullible idiots that these illegals would all instantly become good, self sufficient, productive, tax paying citizens. This is far from reality.
President Obama's Record and Proposals for Cutting Spending
http://www.whitehouse.gov/blog/2012/12/11/president-obamas-record-and-proposals-cutting-spending
Hi Skip,
They are part of the 47% that voted for Willard. You know the ones that live in that Republican Bubble in which facts can't get in. Opinions without facts equals ignorance!
I've got to admit that the assumptions by Curry shows that he is totally clueless about Obama and the left in power. Admittedly, one ordinarily assumes that the President would have the best interests of the country at heart and it would be the driving force behind what should be done. But, Obama is a horse of a different color. He has, on more than one occasion, indicated that he wants to redistribute the wealth and transform the country. When he first entered office, the US was the most prosperous nation on earth. We are the most powerful on earth too. What would a "transformation" look like? As he has also said, he wants us to be just one among many nations, an equal among equals. So, he is doing everything he can to accomplish that objective. And that means destroying everything that is great about this nation. And, you have to admit, he's doing a hell of a good job of it! Give it 4 more years and he will have accomplished his dreams, and the dreams of his father.
How's he going to pay for his crap?
-Kick 180,000+ military retirees off their current insurance.
-Raise deductibles, Rx copays, and out-of-pocket medical expenses for military retirees by at least 23%.
-F_ck the smokers again by doubling their health care premiums while, at the same time, giving the fat f_cks of this country a free pass.
That's just three areas. It's all middle class. No, the assh_le in the whitehouse didn't raise taxes. He just f_cked everyone in a different way. It's called intellectual dishonesty and our president is the master of it.
Cap and trade is just more taxes to the industries, more taxes to Americans , at the end we all have to pay , that is the only thing liberals know how to get revenue in order to continue with more spending , tax the air, tax the water , tax my @$$.
Job1
Ignorance comes from you, 56 % of Americans believe we are in the wrong track, 60 % of Americans believe we have an spending problem.
You aren't even considering how much it's going to cost to put all of the illegal aliens on Obamacare -- which you know he vehemently denied he would ever do. If you're saying that you aren't going to cover illegals and you're scoring massive spending bills that way but in reality the entire time your plan is to make all illegals legal...well then you are just a lying sneaky snake.
Fiscal realities put Obama agenda in question.
Any component of reality puts anything associated with Hussein in question.
If republicans had a brain they would be even more dangerous. There is so much factually incorrect fox news/Rush Limbaugh facts in this thread there is no where to start refuting it. The facts are Obama has submitted a budget proposal every year, but has been refused by congress who by the way has a choice of the Ryan budget which is completely the product of a right wing wacko, or what we have continuing resolutions. Hey stupid, yeah, you stupid fascist. The president does not write the budget, all he does is suggest. Congress has the purse strings and we have a dysfunctional congress because of the republicans in it that stated their only purpose is to make this president a one term president. How is that working out for you bunky.
Bev, you shouldn't try to confuse these fascist with facts. None of them understand anything about much of anything and to throw facts at them isn't something they are used too.
Sure. If your idea of a sound budget and financial management policy is calling up your creditor and raising your limit so you can put MORE on it that you CAN'T afford, then Obama's proposal might make sense to you. Those here on planet earth have a different perspective; we know that it's a prescription for disaster.
Your "what the heck - I can't see the mess from my house" is the attitude that entitlement America needs to get rid of. It's precisely what got us into trouble in the first place.
Hence why I said I'm not a particular fan of cap-and-trade legislation. But the crux of my post, which was unprecedented levels of obstructionism by the GOP that goes largely underreported by the media remains...
Expense is investment, and it is proper for the President to give direction as to where we should focus our attention. Defining where government can make spending cuts and generate revenue will address the long-term governmental balance sheet, and I think the administration agrees that some cuts made in the sequestration legislation should be redirected. Sure we need to keep one eye on affordability, but we can't afford (and there is no need) to neglect proper investment in our people and infrastructure. Tax and spend, but do it judiciously.
After the election BO's popularity rating was 53%, after the inauguration it plummeted to 46%. Once reality sets in for the 47%ers who will most be harmed by his idiotic 'fiscal' policies it will drop even more!
Barry and fat butt Michelle will go down as the worst First Family in America's history!
This is another falacie from the Obama worshipers, Obama obstruct himself, he is the one that want things on his way or the highway, Obama shut the door for any conversation with Republicans, after all he never work bipartisan , not even when he was Senator, in many instances he only vote absent because he didn't agree with his fellow Democrats.
Pigatory 24 percent of the budget goes to the military and welfare is now12 percent of the budget, The sad part is welfare is catching up to the military budget. At least the military workers earned it
Well considering the media never seemed to meet a Conservative they didn't like to lambaste, what does this tell you? Maybe what you feel is obstructionism by the GOP isn't that at all? Even the media can't spin it into that so they don't try.
The United States must remain what it has always been: the Land of Opportunity. Barry's misguided efforts to use government to transform it instead into the Land of Income Equality will inevitably leave us all worse off. Our first priority must be to refocus the national conversation and our nation’s policies on the promise of upward mobility that is at the heart of the American Dream.
Obama's plan: just more of the same, a repeat of his first term. Barry's vision of fiscal reality is just a wet dream from his college days! God help us all.... especially our children who will inherit the socialists train wreck!
The ignorance of the "left" and "right" is astounding. Dismiss all downfalls with your political party, throw blame and insult at the other guys? Day in and day out. Are you people not tired of doing this for every story that comes out?
As for the budget problems, cut spending, increase revenue, eliminate waste, be a more efficient government that produces results, hold all Americans accountable, address the debt instead of staring at a growing number and blaming the "other side" for it...
@george pauljohn, Job1, skipNickelson Oklahoma City, Johntho: Liberals like yourself come out and say that the Right, Republican, Conservative side hates facts and they are too dumb to know any better! See I fear for people like you and their physical health, I fear for you because you defend obama with everything you got, and if shows that you all have your heads shoved so far up the rear of obama and the liberal, democrats that if they made a sudden stop it would snap your pathetic necks. Please if not for the rest of us, do it for yourselves, remove your heads from that horrible place and get some fresh air, the light might sting your eyes but you will get used to it after awhile. Now you want to talk facts, let us talk facts! May 2012 House and Senate reject obama's budget plan! Wait didn't a couple of you say he submitted a budget every year? You are correct with that statement, but even your own pathetic democrats had to reject something even more pathetic and that was obama's budget! Wow! Imagine that his own party that has majority in the Senate rejected obama because he doesn't know what he is doing. Did you un-enlightened people know that 16.4% of our national debt is toward the Social Security Trust Fund? In 2012 as of June the national debt was at $15.855 trillion, the debt owed to the SSTF was $2,600,220,000,000. I must have missed that day in math class where they taught you could reduce the incoming funds to a system that is broken, bleeding out and is owed a lot of money. Didn't your obama reduce the SS income tax by 2% to supposedly give people more spending money? Didn't he and biden say during the presidential debates that they wanted and were going to make sure Social Security was going to be there for future generations? How is that going to possible when the Baby Boomers are ever so close to claiming their SS checks and we still owe 2.5 trillion to the fund?
I belive one of you stated that the Exports of the United States has increased, but it is funny even your own liberal media machine stated since October last year to now the economy has been at a dead stop. Nothing has grown, exports are almost compeltely dead. Yet you go against your own media machine? Weird don't you think?
One of you stated that the rest of us are the ones that voted of Romney and can't accept defeat. It is hard to accept defeat when the other candidate lied and had others lie for him as well. How about when your dear obama was stomped on in the first debate and the Department of Labor came out right away and stated that the unemployment had dropped from 8.7% to 7.9%, almost a whole percentage point. People cried foul about it and the department of labor got upset that citizens would call them liers and cheaters. Did they not come out and say that their system had an error and it forgot to add california to the unemployment percentage? I believe they did, but the unemployment percentage never went back up, because they never added california to the numbers. A ploy to make obama look better!
How about Romney stating obama never called Benghazi a terrorist attack and obama said he did in his rose garden speech, and that pathetic woman even read the transcript from that speech. Yet the part where obama mentions terror attack, it was the exact same paragraph from his 2011 9/11 remembrance speech. Would that now make what obama said a lie? I think it would!
I can go on and on with facts and all I would see coming from you liberals is smoke from your ears and mouth, due to those thinking, logical and most importantly barely used brain cells trying to get into motion and they are burning up because of the major BS blockage that is obstructing their path.
any objective viewing of history will show that this is not the case. So too will looking up the number of filibuster per congressional session and comparing the numbers to history. Obama has compromised on many things, including tax cuts as part of the stimulus (remember, the stimulus was 50% tax cuts), compromised on healthcare (some of the compromising was done with blue dog D's as well), spending cuts and on allowing the Republicans to keep some of their precious tax cuts.
Obama has won the White House twice, in convincing fashion, and the D's have a solid hold on the Senate (and won the popular vote for the House, albeit they didn't take majority control because of how congressional districts are drawn). They shouldn't have to give up EVERYTHING they want in order to get stuff done. All the Republicans have given up so far is miniscule tax cuts on wage earners making $400k+, a drop in the bucket in other words.
Yes, the media has never met a conservative they didn't lambast, which is why you see so few of them in the news media these days. People like Eric Erickson, Amy Holmes, Alex Castellanos, Ari Fleischer, Erin Burnett, Joe Scarborough, the entire Fox News lineup (the highest rated cable news), and talk radio's biggest voices (e.g., Limbaugh, Hannity, Beck, Savage) do not exist.
Yep, the "liberal media" completely drowns out the conservative voice...
:rollseyes:
What subsidies does the oil industry have? Certainly it has tax deductions just like every other business, but there are no subsidies similar to what wind and solar receive. You need to stop drinking the kool-aid and learn some truth about your government and the economy.
It will be our great grandchildren's great grandchildren paying for the folly of this administration...
"Fiscal realities put Obama agenda in question"
Is NBC really starting to challenge King Owebama? Maybe they are trying to move up from last place as a trusted news source (5% trust rate - tied for last with the Comedy Channel in the most recent poll).
Sorry, NBC - you have dug yourself quite a hole, and it will take a lot more than a couple articles posted for a half hour on your website for you to become a trusted news network.
Let the budget sequestration cuts happen and see what happens to Mr. Obama's Progressive spending agenda.
Heya, Mrs. Pelosi: IT IS NOT ABOUT "PRIORITIES", it is about money YOU don't have to spend. And, it is NOT the 1st amendment concerning GUN CONTROL.
How Prgoressive's argue:
------------------------------------------------------------------------------------------------------------------------------
Mr. Obama DID NOT WIN HIS 2ND TERM CONVINCINGLY nor does he get a free pass/mandate with ONLY 51% of the vote.
//roll eyes//
yeah, he pretty much did. The 51% that Obama got was the largest vote total (discounting his victory in 2008) since 1988, and far larger than Bush's 2004 victory wherein he claimed a "mandate." In addition, the Democrats picked up two seats in the Senate (a tough task given the seats available), and picked up 8 seats in the House while winning the popular vote by 1.2% (they still don't have the majority thanks to the way congressional districts are drawn).
It's as convincing a political win as we've seen in American Politics in more than 2 decades.
@TRH86, I understand what you mean by the government borrowing money from it's self, but what you need to realize is that the government doesn't earn any moeny. You make it sould like the tax payers will not have to pay for what the government does. The government is going to some how become a company that makes money with out taxes. I mean I am not a Republican on Dem, but some of you guys on here are just stupid. You make it sould like you are so smart but how can you post that the tax payers will not pay for what the government does. HOW ELSE WILL THEY GET MONEY? now they can print it, but that money is not worth the paper it is printed on and they can't back the people they have barrowed the money from with paper money.
TO: Rockyroad-531554 who wrote:
Where did the President go, and when?
As for suffering, you can thank the GOP for that. The GOP thinks the only way to prosperity is to starve the elderly and the poor, who Republicans think are "lazy good-for-nothings" anyway.
TO: ldo who wrote:
Republicans lost, get over it.
Bush claimed he "won" with 527 votes, but we found out that was a lie too, but you were "convinced" anyway I bet.
Bush was appointed by the U.S. Supreme Court.
We ALL lost American Girl. The obviousness of the situation has not become clear to you yet....but it will in short order.
American girl where did the president go? Your kidding right or you don't have a pulse, since it only cost the taxpayers 4 million per vacation maybe you could take care of the tab?
http://www.google.com/#hl=en&sugexp=les%3Bernk_timediscountc&gs_rn=2&gs_ri=hp&gs_mss=obamas%2020%20mi&cp=32&gs_id=3k&xhr=t&q=obama's+20+million+dollar+vacation&es_nrs=true&pf=p&sclient=psy-ab&tbo=d&oq=obamas+20+milion+dollar+vacation&gs_l=&pbx=1&bav=on.2,or.r_gc.r_pw.&bvm=bv.42080656,d.dmg&fp=df832b9741a6b5c3&biw=1680&bih=916
Why let reality get in the way of a progressive wet dream...
Obama has stated time and again his priorities are jobs, jobs, jobs. Yet what has he done. He has destroyed jobs, jobs, jobs.
Here is a recent example from the news in the state of Virginia today.
State agencies are reducing part-time employees' hours until officials figure out how to comply with federal health insurance requirements regarding those who work more than 30 hours each week.
Gov. Bob McDonnell ordered agencies to cut back part-time employees to no more than 29 hours each week to avoid triggering a provision in the Affordable Care Act that requires health insurance coverage be provided to those who work more hours.
Yep the unaffordable health care act that drove up the cost of health insurance, that prevents the importation of cheaper drugs from Canada and elsewhere, is doing just what those with a brain said it would do. It is destroying jobs, jobs, jobs, and this my friends cannot be denied.
7.9% unemployment (not counting people that gave up looking). Free money for millions that do nothing to deserve it. Social security being raided to give money to contributors that own Solar companies. Millions of criminal illegal immigrants using our resources and collecting child welfare tax credit IRS refund checks.
And yet stocks still continue to climb ensuring riches for the protected wealthy masters
The sequester will not be easy, nobody said it would be easy. It will be devestating to have to actually pay for the things we buy for a change. And, this sequestration is only the start. Another sequestration should be implemented each year until there is a surplus, not a deficit.
The country may not be able to afford Obama's agenda? It's laughable you think that is news. The country could not afford the $5 Trillion of new debt Obama has racked up in 4 years. That's why it is called debt. It hasn't been paid for.
OK so the bailouts didn't achieve anything. You live and learn. So, let's take time out from spending and pay off Obama's $5 Trillion in new debt first, then perhaps borrow a little more later. But I hope not.
But if both Democrats and Republicans alike quit on even the sequester because it might be a little tough for awhile, then they are wasting their time in Congress, and the American people are in big trouble.
Tick Tock of the clock and the spending won't stop. Tax this, Tax that, it will never be enough. USofA in the endgame, more overages who's too blame.
"WHAT DIFFERENCE DOES IT MAKE?" (hillary clinton, 2013
I have just grown so tired from both sides (dems & republicans), both sides have been doing what they believe they need to do to feather their own nest.
If I was to believe all the hot air coming from D.C., then I would have found the correct pair of rose colored glasses.
If both parties were sincere about getting spending under control; first they would get rid of base line budgeting. Next, they would do what most companies have had to do. Instruct those in charge to accomplish the same results with 20% less. If they can not, replace them with someone that can. Last and most important, both parties come together asking or forgiveness about how they over promised, putting together about a 20 year plan to slowly reduce social spending that can never be paid for.
I took the time to run basic numbers. If the defence dept dept was cut to zero, (that means they get no money) and we put it all to keep promises made, my estimate is by 2041, we are totally bankrupt.
When Obama "focuses" on a certain group of people, it's usually not good for that group. Lest we forget just a month ago he raised taxes on everyone including the middle class who he swore up and down were not going to see any change in tax.
I'm sure the liberals here will blame that all on the GOP. That's what they do best ... the blame game. Well I guess it could be a tie between that and kicking the can until his second term is over.
4 years ago...republicons pledged to vote and obstruct every bill that would help America.....just to make President Obama look bad. They never revoked that pledge...just like terrorists, they pledged to act like the Taliban....That says it all....republicans are being terrorists to America just to benefit the 1%.
Republicons committed voter fraud and obstruction changing elections laws and the 1% spent hundreds of millions to stop American from voting.....
Republicons pledged their loyalty to King Norquist not to raise taxes on the rich, so they continue to vote against bills that would bring jobs back to America so they can stash trillions in offshore accounts to avoid paying their fair share of taxes......They take , take, and keep taking American resources and give nothing back.
REPUBLICONS ARE TO BLAME...killing the Post office for profit and privatization for the rich to kill unions and to get at the money the Post office used to function perfectly for all these years.
Republicons are the cause for thousands of our troops dead and still dying from Iraq War and Afghanistan, they come home and republicons vote against jobs bills for vets while the vets are committing suicide at a record 22 per day.
Vote Democratic Party...end the republicon madness aginst America.
Can't wait until Faux News does their bullsh!t interview with Ted Nugent ... I used to love Ted Nugent but now he's just a crazed old fart ranting on about guns, guns and more guns and his shallow, narrow minded, right wing nut job - zero tolerance views.
When any elected person in Washington attempts to turn the State of the Union into a circus by bringing in a clown car. Please. Go the hell home and let the real adults fix the problems ...
Why are there so many 60+ years old acting like a 7th graders, who keep getting voted back into office?
Answer: Idiot Teabaggers.
"The federal government is now operating on a six-month continuing resolution which keeps discretionary spending for departments and agencies at the prior year’s levels."
That's exactly what the Democratic Congress did in Bush's last year in office, forcing Bush to sign a 'continuing resolution' for the first few months of fiscal 2009 - until Obama took office. Then Obama passed his $860 Billion 'Stimulus' bill, and his 'Porkulus' bill for 2009, and the result was a huge $535 Billion increase in spending (+18%) for fiscal 2009.
Of course they tried to 'Blame Bush' for the spending increase, even though he had nothing to do with the 'Stimulus' spending bill.
But this highlights the REAL reason that Harry Reid and Nancy Pelosi have not passed a Budget for the last 4 years - IT ALLOWS THE DEMOCRATS TO CONTINUE SPENDING AT THE 'STIMULUS' LEVEL year, after year, after year, even after the initial stimulus money has been spent - with these 'continuing resolutions' - resulting in $Trillion + Deficits for each of the last 4 years.
The Republicans should just stick to two simple messages and keep repeating them;
1 - The skyrocketing Debt will be devastating to the future of our children.
2 - The massive increases in the money supply to fund the Deficits will result in massive Inflation, high Interest Rates, and more Unemployment.
These are simple messages that even the 'low information voters' will understand, and there is no doubt that we will have to deal with these problems in the near future.
Obama's own 2013 Budget projections show that the National Debt will increase from $9.986 Trillion at the end of fiscal 2008 to $20.392 Trillion at the end of 2016 (Obama's last year) - but President's budget projections are notoriously 'optimistic' - it will likely be closer to $25 Trillion in 2016. The Interest cost alone will be devastating.
The Chinese are no longer buying our Debt - in fact, they have quietly 'cashed in' about $200 Billion of their loans to us over the last year (they know inflation is coming), and the Federal Reserve has had to replace that money by effectively 'printing new money' - along with about $1 Trillion in new money to finance the Deficit. The money supply (M1) has increased from about $1.4 Trillion in 2009 to about $2.5 Trillion now. Every responsible economist will tell you that this is highly "INFLATIONARY" - ala the 14% Inflation and 18% Interest Rates under Jimmy Carter in 1980.
Even the far-left Liberal outlet The Huffington Post recognized this;
http://www.huffingtonpost.com/sheldon-filger/federal-reserve-begins-ma_b_677483.html
same old lame policy, no border, no energy, no pipeline, no spending cuts, no tax cuts, no jobs, no growth, no foreign policy, no to israel, no to protecting foreign diplomats, no change, no to the future of the children of America....no perceptible action to improve the economy. The real party of NO
" OK" USA-Here is an idea: The congress could pass A bill to fund a plan with say fifty billion dollars to start the club. If these 11 million people Who are under water on their mortgages, could form a mortgage free club, With the Federal Government setting it up and jump starting it with 50 billion dollars, and each of the 11 million underwater home owners putting a hundred dollars each month into it, they could raise over a billion dollars each month, holding the liens on the peoples homes, who get paid off. With this money, they could have a drawing, and pay off so many mortgages. Say the first month they paid off 500,000 homes, these 500,000 could continue to pay a hundred dollars plus, say twenty percent, or say fifty percent of what they were paying on their mortgage before to help others keeping a close record of all money transactions. this figure would grow each month, and become more effective. as people would have more income to use in their own lives's, helping the economy. They could work out a plan that would be more effective, also. for the ones who won the first months draw, if it were say, 4 or 5 hundred thousand mortgages, it would generate another 250,000,000 dollars to pay off more homes the next month plus the 1 Bil. dollars. Each month the amount would increase, to pay off others. people then have those pay fifty percent of what they were paying plus a hundred. Or another more thought out plan. These people have the power to save billions of dollars in interest, if they were to somehow get something like this going. Also, this could be used in other things to, like paying off vehicles, or investing etc.! At the end they could continue to send 100.00 dollars until they all got back everything they paid in, in cash!
This plan would more then pay for itself, and it would generate a lot more tax revenue, and would create more jobs. At the same time helping to rebuild the middle class, and help Real Estate recover better!
What has the last 7 trillion of deficit spending got us? NOTHING, but higher unemployment, more taxes on anyone who works, 50 percent increase in food stamp idiots, larger welfare roles, larger govmt employees, and a increasing number of people who will vote for this clown because he is encouraging them to not work. He has successfully enslaved the working clA$$ to support his 47 percenters and the other 5 percent who were foolish enough or the uninformed voter to vote for this monstrousity
I have taken the time to read through all of this Republican or Teabagger rant on this post and asked myself, "where were all of these loud mouths when Bush II was spending us into oblivion?" I know your retort will be well that was back then well we are still paying for it with a housing bust. too big to fail and wars that are sucking the life's blood from this country. In turn we are paying higher prices for crude oil which equates to higher prices for staples that we must have to survive.
My question is where is the plan to rebuild our infrastructure to create new jobs and innovation? A ban on guns is tertiary to everything else. I agree guns in the hands of the mentally ill and criminals do kill people but guns laying idle kill not one soul. What is more important is getting the heck out of the Middle East and begin rebuilding our country with new roads, bridges, infrastructures such as our electrical grid, high speed internet and affordable alternative energy. Start a war on gang bangers thus creating a huge reduction in shootings and taking care of the people at home.
Reduction in the spending for the Military Industrial Complex would definitely reduce our deficit and put these war machine builders to work on civilian projects. We have been making too many guns and not enough butter since Reagan and the battle ship must be turned around and headed back to safe harbor to protect the nation from economic collapse. Halt the top down voodoo economics that has been a total failure in social engineering benefitting only the wealthy. Where are the jobs from this make believe economic principle? It has been over forty years since this nonsense was initiated with zero results for the middle class.
Obama's solution is simple: just have Bernanke print some more worthless dollars. And, don't worry about the consequences, 'cause his loyal lemmings will support him...remember, he's the messiah!
this really ticks me off...
our government/laws operate with more variables than the HTTP of the world wide web
I thought Obama would be educated enough to know that the complexity of our policies and practices are what is hindering this nation...but HELL NO that's a pipe dream, he just upped the anti on complex government polices
intellect,,,,I am pleased you included the housing bust and it's effect on the economy. That wasn't Bush. Your comments regarding 40 years of bad policy led up to the events of 2007-08. Most of what you say is correct. The war was a mistake as much as the VN war. BUT at this time even Obama's hand picked defense secy Panetta says the sequester would cripple our ability to defend. To paraphrase our economy and the world economy would collapse during a crisis that would interrupt the lifeblood of the world economy; oil.
The sequester was supposed to have been a poison pill that neither party wanted. It was to incent both parties to work the problem. We will again see tonight what we already know; Obama has no problem with sequestration or any other impediment to growth and jobs. It plays to his social/economical re engineering of our way of life that he refers to as "change". Obama and Reid now have to take full responsibility for the next four years; not Bush.
Ernie: Why are you talking about to get people to vote for him? He is The President for the next four years. The election is over Bernie! Your side lost, and will lose again, because nothing has changed you Tea Publicans just don't get it do you! The mid-terms will be a better wake up call since His reelection didn't wake you up! You people keep ranting, and sounding more radical then before and still think no one sees how you obstruct everything, everyday, every time this administration tries to get anything done! If there were anything I could say to get you crazy people to stop dragging down the country and yourselves at the same time; Believe me I would say it. Its not working for your side, even your own leaders are saying that!
Honestly? What facts are we missing here? $16 Trillion debt? Unsustainable programs? Foggy base-line budgeting? Denial that we have a spending problem? And you offer ad hominems?
Every Budget that Obama has put forth has been turned down. Last one 97-0 against 414-0 against
6 trillion in debt in 4 years is nothing to this man. Even this last fight over fiscal cliff Obama wanted to push spending talks YEARS down the road.
Even after 4 years in office this elitist community organizer is a worthless president. Nothing has changed.
I confess, the reason the President is low on cash is because me and others like me are not willing to give more of the money we receive from exploiting the poor to improve the living conditions imposed on them by the local politicians who refuse to improve the schools and address crime on behalf of people like me. These leaders claim to be from the presidents party but are really representatives of the rascally deceivers who seek to undermine the goodness the president would enact if only he wasn't thwarted at every turn. We should all buck up and become better citizens and give till it hurts and then give some more.
As with all of his other State of the Union addresses, he will pay lip service to saying we need to cut spending and then give us a long shopping list of all kinds of big government programs to spend more money on and tell us he needs to raise taxes.
And when he does get around to presenting a proposed budget it will be chock full of continued deficit spending and record setting debt.
On foreign policy, he will tell us he wants to cut our arsenals while the NKs and Iranians are building theirs and the NKs are aiming rockets at us and declaring the US to be their mortal enemy.
Scammed by income tax, scammed by social security (that is NOT really our money once they collect it by the way), scammed by EVERYTHING they do in Washington.
Porker, while we are talking about subsidies and wasted money, why don't we talk about ALL subsidies including the foreign aid we send to our enemies? How about that BIG FAT TAX INCREASE TO THE MIDDLE CLASS CALLED OBAMACARE!!! Yeah, we need to pass it so we can find out what is in it. People are STILL not going to be able to afford health care and guess what, I am going to be PENALIZED for it so some person on welfare can get theirs. Boy, THAT is such a fair system.
The solution is for the federal government to concentrate on what the CONSTITUTION says they are responsible for and let our money stay where we live so WE can take care of our problems.
BIG GOVERNMENT EQUALS BIG PROBLEMS
It seems very ironic that the amnesiac rethuglicans didn't speak a peep about their boys gw shrub and robo-maniac cheney borrowing trillions from China to start two unfunded wars and the unfunded medicare part d racking up 11 trillion dollars of debt and a massive depression! Luckily, like the depression that occurred in 1929 that was also started by rethuglicans, the Democats are slowly bringing us out of this one. But not only did Nero bush fiddle while Rome(U.S.) burned he found it necessary to bail out his 1% buddies in the big banks/wall street to the tune of 1 trillion dollars of tax payer money. Meanwhile all of the tax dodging republicans who ran for president like rmoney and lyin ryan have found it in their best interest to hide all of their earnings in Cayman Island and Switzerland shadow bank accounts because they are not only too greedy to pay any taxes at all let alone their fair share. You rwnj's have no business complaining about debt period - you created most of it! What a joke the entire republican/teabag party is! No wonder they want to dispose of all of those evil government agencies like the IRS, they don't think they should pay any taxes at all......they think paying taxes is only for the middle class and poor. And you idiots wonder why you keep losing elections......I guess next election you'll have work a little harder to suppress voting rights even more. Oh no, that's right you have no prayer of winning any more elections so you're now trying to "rig" the college electorate. Lots of luck with that you amnesiac silly nut bags!!
G-Man
I am neither a republican or a democrat because I don't believe that political parties should be in control of this country. Political parties are no different then power-hungry dicators wanting control and seldom want what's good for the country and the people themselves! In this day & age, elections should be strictly by popular vote since the electoral college has outlived it's usefulness and all to often turn the vote away from the true vote of the people.
You seem to think that Bush is to blame for the $11 trillion+ debt that we have although $6 trillion+ has been on obama's watch!! Obama is doing the same tricks this term as he did in his first term...he is taking from "Peter to pay Paul" to make the economy look better so foolish people will believe he is performing "miracles" to help the poor!! What obama is doing is destroying the middle class and turning the country into the "Upper Class & the Poor" with the government in charge of every aspect of the peoples' lives!! He is weakening our Armed Forces and building his own under the guise of "Homeland Security", taking away the people's right to protect themselves with his gun control hogwash!!
You may think your "king" obama is the greatest, but by the end of his term, it isn't going to be pretty and future generations are going to wonder how our generations could have been so stupid to believe this foreign stranger that we know nothing about, and get them into such an unholy disasterous mess!!
You need to start thinking for yourselves rather then allowing a political party to take over your lives!!
Been there....done that!!!
Linda, another amnesiac are you?? When the POTUS was inaugurated the economy was in disaster mode. While shrub/cheney were asleep at the wheel the economy completely tanked under their (so-called) leadership. THe republican leadership then publicly made their single number one priority of "making the POTUS a one term president" and thus chose to block every thing the Democrats and the president proposed to mend the economy. Why do you think the republican lead house has a single digit approval number?? You think the president raised the wealthy's taxes and kept the tax cuts for the middle class and poor because he wants to destroy our middle class? That wouldn't make sense now would it? Homeland Security - wasn't that the big government agency you righties so publicly hate created by bush/cheney???
I like many of the majority of rational thinking Americans voted for our POTUS but by no means consider him a "king" as you conservatives always parrot. Our President is far from perfect, just a hell of a lot better of a choice than what the extremists in the republican/teabag party had to offer. You see there are really vast differences between the two parties if you choose to open up your eyes and see. If you continue to be blinded by ignorance and fear which thrives in the gop platform you endear yourself to, you do so at your own peril.
Why would you ever think the your party could ever win another election if we went just by popular vote?? If that was the case gw would have lost in 2000 and we would most likely not be where we are today. So you can claim that you are not affiliated with a political party but your comments put you solidly in the republican camp! Nice try though and good luck to you...............peace!
Funny how the article fails to mention that Obamas previous budget proposals failed to garner any votes, even from his own party! He gives a good performance/speech, but as usual it was completely without substance or any semblance of reality!
The Wealthy have been doing great for the past thirty years. For the Middle Class and working poor who have worked all their lives and played by the rules, they have been getting shafted in every possible way from Gas Prices to food, utilities, Property taxes, you name it. Wages have remained stagnant for the past ten years while everything else skyrockets.
Just wait until the beloved "middle class" get the bill this idiot has and will run up. The Evil rich have gotten a "huge" tax increase. Next excuse of why socialist freak agendas DO NOT WORK? Nor have they ever worked in all of history nation after nation bribed by free money and destroyed by debt.
EVERYONE has been getting gouged you dope! It's the idiots with the credit card in Washington! Rich, wealthy whatever are happy to pay more just STOP THESE WASHINGTON THIEVES FROM USING THAT MONEY TO SIMPLY SPEND AND SPEND!!!
Sh!t rolls down hell. Wait till the poor's free ride ends that when all hell brakes loose. When they come to our neighborhoods seeking what we have as the middle class will then be demonized...the next easy target. The good, hard working middle class is to busy working and being distracted by the corrupt media. We ain't got time for that...Sweet Brown save us...IMPEACH OWEBAMA!!
Wake up sheeple WAR is coming and it will be bad! Love your family, your friends and neighbors you will be needing them.
The truth is out there. We are not Anonymous anymore...We are ALL the American People...END corruption!
It seems to me, and up front, I'm not perfect, but as the Commander in Chief, Obama is setting a poor example for getting things done on time. I imagine if he ran a company, it would run into serious trouble.Surely he has plenty of help around the house,...White House, in which to help him get a budget put together and handed over to Congress on time.
OH, that's right, he has been a busy fella,playing golf, skeet shooting, campaigning on anti-gun laws after Newtown. Am I the only one curious why he didn't do this after the theater shooting in Aurora, Colorado though.When 70 people were shot, 12 died. Why he wasn't outraged at that incredibly high number and sign Executive Orders and address Congress? Oh, wait, he had been campaigning all year, actually even before the start of last year. Never too early right?
As far as those trips overseas to visit heads of state, why he is just making up for last year, when he didn't meet with a single one, until after election day, and then once to Asia.But at least he made it to Israel this week, huh!Right when Brennah, probable new CIA director is being asked critical questions about top secret documents the President has refused to turn over for two years, that have been used to kill American citizens, with no evidence they even did anything wrong.
So, while we wait to see when he will get around to putting together a budget, who is making the decision to talk to the DOD about their spending habits? They say you can judge a person by their works. Sure is a lot of talk, just waiting on the works part. He has had four years, I guess another four should give him plenty of time to do something really important, beside hand over billions in taxpayers money to companies to keep them afloat and sign executive orders.
I do need to give him credit though. He waited until after re-election before introducing gun control. Guess he doesn't need gun owner votes now. And we should probably sweep those secret memos about killing U.S. citizens back under the rug.Because our President could NEVER order assassinations on folks who hadn't done anything wrong, right? You can ask that 16 year old boy whose father was killed for just speaking out. Oh, wait, he got killed too, huh? While visiting family overseas. Well, don't worry, no one is going to miss him, not really, right?If you ever say a negative word about the good old U.S.A., don't worry, you have the same rights as that boy and his father had.
Our President only has our best interest at heart I'm sure. He will get those really rich folks to pay more taxes. And the dead folks estates too. Just think, we can all feel much better knowing how important we are to our nation as it depends on us to do our share in paying more to help keep it afloat.(double face palm)
What about the bill the last idiot ran up? We are still paying for that with the weakest economy in 80 years!
Doesn't even begin to offset the huge tax relief they got under the last Republican administration. And those "job creators" have done sooo much good for the economy with all those tax savings, haven't they?
So what's your solution? Another round of tax cuts? Yeah, because that worked out so well the last time. Another coupla wars? Yeah, because that worked out so well the last time.
Fact of the matter is, we tried your fascist freak agenda and it didn't work! Dubya ran on smaller government and less spending... he gave us twice the government, twice the government spending, twice the national debt and trashed the economy in the process.
The only thing that Republicans could offer in the last election was more of the same and that is exactly why Obama is still president.
If you have better ideas then get your conservative Congress-critters in Washington to offer them up. If you don't, and they keep singing the same tune they have been, you will see the Republican majority in the HR disappear in 2014!
Owebama.....
Our children and our children's children will be paying for what this spender-n-chief has done to America.
EEngineer....
Why are you making this so political? First thing is when you brought up the previous administration in regards to spending, you are basically saying, "Yes, Obama does spend like CRAZY". Only you are trying to justify bad behavior by pointing to other bad behavior.
You like Obama and that is very obvious, but Obama himself said he would have the economy up and running in 3 years. Now you know he failed on that and there is no denying that. Less people work today than when he took office. More people on some type of government assistance than ever. I don't know why you can't point out his failures and be honest about it.
Then you talk about the tax cuts for the rich, that actually cracked me up. You know Obama kept the same tax policies in play by extending them. (Don't you?)
And he is dealing with a recession. Much of what he spent over the last 4 years went out in unemployment benefits and stimulus, without which the economy surely would have tanked. He has presided over the lowest federal spending increases in 60 years. Don't take my word for it - here.
BS! You need to check your facts!
You know that those tax cuts were only extended because the Republicans held the extension of unemployment benefits hostage, don't you?
EEngineer...Are you saying that Obama was going to raise taxes on the middle class? I don't think so. He wanted to raise taxes on those bringing in more than $250K and leave the rest alone (class warfare).
There are almost 2 million less civilians employed than there were when Bush took office. www.bls.gov/web/empsit/cpseea01.htm
You shouldn't have to try so hard to defend Obama. I understand that he wants to appropriate more money for his agenda, but that just isn't feasible at this point with our national debt as high as it is. It is ruining consumer confidence and therefore any marginal gains in the economy would be offset by more spending.
Sorry...I meant Obama not Bush.
This country has been propped up by government spending for 10 years. The bubble is about to burst.....
Engineer? use your math skills if you are an Engineer. Every economic indicator has gone positive. the dow is double what Bush left him. The TRADE deficit is down 20%, housing is slowly picking up.
It took 8 years to break the economy, where you thinking it would be perfect in three years. Take note: every president gets stuck with the last president's budget for one year. The Bush sabotage lasted 4 years in the form of his tax cuts for the rich. this was planned sabotage.
With the proper investments we have recovered much, but need more work to be back to the economy of Bill Clinton. We will drag you forward as you go kicking and screaming like a child, into the future.
Funny how the "socialist" president has done so much for capitalistic wall street. lol
george pauljohn...Can you answer a few questions for us? Why would Bush purposely sabotage the US (take the tin foil hat off)? Second, did you read this article? We are talking about debt....not the economy.
Obama is not half the man that Bill Clinton was. Obama will continue his trend of trillion dollar budget deficits or he will have to raise taxes on everyone and not just the top 1%. If you think he is going to stop spending then you probably really do wear a tin foil hat.
He and his plan are laughable! and even worse yet, we have millions of Americans out of work as it is. Think about what will happen to our already broken "entitlement" programs (unemployment, welfare, social security, Medicare, etc.) when we legalize approximately 11 million illegals. They aren't going to magically find jobs. They will be pulling from the system too! OH BOY!
Department of Defense- shame on you. Do you not realize that millions of Americans have lost their jobs over the past 5 years, taken furlough days and taken paycuts while the Federal government and DOD has continued to get raises, continued hiring, haven't received budget cuts, and continued awarding questionable contracts, etc. DOD/Federal Government- STOP YOUR WHINING and experience reality for once.
@James-no's#2.7: You asked "EEngineer" why He makes this so political? He does so because our economic problems are totally political. Fact, Bush and the republicans removed arithmetically sound principals vital to any economic system and replaced them with nothing more than a bouncing ball, then, just as quickly, lost control of the ball.
eengineer is a retard.
still blaming bush. lol republicans held the extension of unemployment benefits hostage? lol
you seem to forget the democrats had control of all 3 branches of govt for two years. noone could stop them.
keep blaming bush eengineer. how many more years does obama need to fix everything? i though obama was so great and was going to be the big fixer?
unemployment up to 7.9% in an upward trend
gdp was in the negative numbers! and you claim its getting better. lol
Well, lessee, Bush started with 4%, when he left it was 8% and rising faster than Halliburton's profits... yeah, we need more of that!
Well, again, let's look at history...
... the numbers for Bush's last three months. Between October and November, 597,000 jobs were lost; between November and December, 681,000 were lost; and between December and January, 741,000 were lost.
Feb 1, 2013 ...private employers added 6.1 million jobs to their payrolls in the last 35 months, an average of 175,000 jobs a month. Private employers added 166,000 jobs to their payrolls in January, while a loss of 9,000 government jobs held total nonfarm payroll gains to 157,000.
DJIA Dec 1, 2008 8149
DJIA Feb 11, 2013 13964
Dec. 29, 2008 (Bloomberg) -- U.S. corporate earnings fell for a sixth-straight quarter, the longest streak in at least 20 years, as consumer spending on automobiles, homes and retailers collapsed.
Jul 31, 2012 (Bloomberg) -- Profits for companies in the Standard & Poor’s 500 Index have grown for 10 straight quarters, helping to power the index to a more than twofold increase since March 2009.
Now, who is the retard?
TO: David-1682248 who wrote:
You got that backwards friend.
It was Republicans who created the 2nd Great Depression, and it was the Democrats that had the thriving economy.
Why do Republicans keep calling the rich "evil", is it supposed to be some kind of "sick mind trick" or are they just trying to put words in other people's mouths.
The President can't spend anything. The Congress makes the spending bills.
The President either signs the Bill into Law, doesn't sign it or Vetoes the Bill.
Right now, since 2010 the House has been controlled by Republicans.
Congress is the only branch of Government that has the Power of the Purse.
It's called U.S. Government 101...
Google it!
American Girl....Can you please enlighten us how the tanking of the economy was all Bush's fault? I am not saying he doesn't deserve some of the blame but the Democrat majority in both the House and Senate might have had something to do with it as well.
American Girl, put the blame where it belongs Barney Frank (D) and Chris Dodd (D). You Dems leave out facts so your propaganda sounds better, but in the end it's still just a lie you tell people and yourselves. Does ignorance or lieing make you feel better that you side with the party of Repeated Failure.
"subsidies for renewable energy technologies and legislation to respond to climate change." Hey, we did that already...and it failed, so lets try it again, because there no way it won't work a second time, just like the stim-u-less, ready for try number 3, because the other $939 Trillion just wasn't enough...tell that to my grandchildren who are at least -14 years old.
Yes the $16 trillion dollar debt is bad but since the government leverages that 10x the actual debt is more like $170 trillion.. The debt is like a person buying a home with a 30 year mortgage and $1000 monthly payments and they only make $500 a month in income and have $400 in other monthly bills .. Something just does not add up and it wont be long before the eviction notice comes.. Oh wait we can get credit cards and pay the bills and mortgage with them.. Yea right that is what the government is doing.. We have been sold down the river and are being left to twist in the wind.. The entire 20th century has been a shell game with money and our liberty.. Obama is desperate to take away our guns because he knows a global crash is going to happen very soon.. He does not want 100 million armed and pissed off subjects converging on Washington.. I am ready for a subsistence poverty lifestyle and we will live comfortably out here in the country on our little farm.. ARE YOU READY?!?!?!?!?!?
I think that there are even bigger secrets being kept from us..
Are You Tea Publicans going to whine and cry until the country throws you out the door?
So there will be no higher taxes on the middle class? Don't hold your breath. I heard last night from Senator Warner (D-Va.) that the in reviewing the closing of "tax loop holes" that the mortgage interest deduction is on the table and is will stay on the table. Now he did say it would probably be capped based on the price of a house, but therein lies the problem A $500,000 house in Va. is considered to be above middle class house, where as a $500,000 in Ca. is considered to be a middle class house. The mortgage interest deduction is going away in some form and for most middle class people, the mortgage interest deduction is their only major benefit in the form of tax relief.
I'm concerned our President has not be honest about protecting the middle class. We will know more when ACA becomes a reality. One side says is a massive tax burden while the other side says it will be better. I say, one side will be right and the other will be wrong. I just hope it won't be the tax burden people who are right.
In my own personal opinion,obama and his cronies are no friends of the middle class...they are slowly and methodically destroying this class!!
Seems to me that if obama was concerned about the American People, he would "lead by example" he would start with the bloated government, including himself and congress. They should have to DO AND COMPLETE THEIR "JOBS" BEFORE THEY SEE A PAYCHECK! They should have NO extra privileges, NO vacations with pay and NO unnecessary "business trips" overseas & NO lavish parties until the people of this country are once again on solid ground!! If these people had to live as they are forcing the People of this country to, I would venture to say.....they would get things done a whole lot faster. If obama fails to lead them towards that goal...he should be removed from office and the states should make sure that their representatives follow through!!
Our economy SHOULD be the president's #1 concern right now, not destroying our Bill of Rights, gun control, amnesty for illegals, or anything else until the economy is solidly back where it belongs. Obama has but us 6 trillion+ dollars further in debt in his first 4 years and is quickly piling on more by "robbing Peter to pay Paul" and it's time he start thinking of the American People rather than stockpiling his own wealth!!
The Fundamental changing of America...Into what?
The dreams of your father are not my dreams or the dreams of my father or my grandfather.
He wants change..INTO SOCIALISM...all his policies smack of it..you are right..HIS dream is NOT my dream, nor the dream of my father or grandfather. My dream is fixing the problems of America just the way it is..not CHANGING it..
If you supported or will support a tea bagger candidate then you are the problem and not a part of the solution. Grow up.
Seriously?
That is your response after reading the article?
Silly Lib!
Yes debt is a smart way and only idiots hate overwhelming enslavement debt brings.
Yes, Because we all know we can just spend our way to prosperity and then we can tax the rich to pay for it.
I am not a Tea Party member or even a supporter of any particular Tea Party candidate but trying to blame our countries bloated spending problem on the Tea Party which stands for responsible spending and less government shows exactly the kind of idiot you are, Your user Id would lead someone to believe that your are a Union electrician, Businesses and People that hire you have to be able to afford to pay for your Union wages and benefits, If the government continually overspends and keeps raising and adding additional taxes coupled with the devaluing on the dollar because of the government printing money who exactly do you think will be able to pay your wages...Wait...let me guess...You work for the government/government contractors.
Yo lefty go read what a Tea Bagger stands for and then you will understand they want this country around a little more than you do...sheep.
Be careful bad-mouthing king owebama.... He might call you a terrorist and send in the drones...
He has his kill list.
Ibew673wireman,
So like the stereotypical "self entitled" union worker's mentality.
You enjoy the benefits of of an income which is WELL over current "middle class" standards. You have health benefit packages which were the first in line to request and be given exemptions from any new "health care" legislation due to our current Administration's need to "pay back" massive donations to it's campaign. Benefit packages which by the way, are only are eclipsed by the benefit packages garnered by our current legislators.
I would also be remiss if not mentioning President Obama's swift drafting of executive order #13502 in Feb of 2009 mandating that any government project in excess of 25 million be only awarded to union entities, in the name of "promoting the efficient and expeditious completion of Federal construction contracts." This executive order also rescinded the U.S. Court of Appeals for the D.C. Circuit Court upholding of Executive Order 13202, “Preservation of Open Competition and Government Neutrality Towards Government Contractors’ Labor Relations on Federal and Federally Funded Construction Projects” (Feb. 17, 2001).
To you sir, I hope we see a swift new immigration reform bill which will find another 10-15 million workers in the marketplace and push your "union wages and benefits" to the curb.
All executive orders can be found at www.whitehouse.gov
Take the time to browse through the site.
It WILL enlighten you.
IBEW union hack... Barry's been your loyal lap dog for almost five years. good doggy. Neither he nor your union does anything good for me.
moron!!!!!!!!
Sir, you are the reason I have learned to do all electrical work on my own. Don't need you or your union.
I like to call this "Dream Funding". It is like playing a virtual video game with cheats. Every time you run out of money you just "create" some more to keep playing. Our government is doing the same thing. No cuts to any program, expecially those that provide services to those voters who vote the "right (or I should say left) way". Increase taxes for everyone by slipping in some zingers unnoticed until they take effect. Then, going after corporate and individual wealth under the premise of redistribution. Soon, the economy will stagnate, revenues will flatten, and we will all be beholden to our government for our survival. Exactly opposite of what the founders intended. Heil Barry!
Well here is my start on what we do..... Hey it is not perfect but it is a damn good start.....
Dear Mr. President,
You got your Tax Increase now it is time for you to do some CUTTING….. You really have proved Congresses Bitch that you have no idea how to cut the spending.....
Yes, we know it is CONGRESSES job to send you the Budget and Your job to Approve or Disapprove it….. Since Congress is unable to do its job it is up to you as our Leader to step forward and get the job done…..
Dear Congress,
1. Filibusters have to be continuous and filibuster must be present.... 2. Majority must be present to be in session..... 3. No more Super Majority, You know 51 % is majority 60 % is BS..... 4. Quit the Pork, 1 Bill per item.....
Yes, cuts are in order. However before you touch your so called entitlement programs lets address some additional costs.....
1. Runaway spending by Home Land Security 2. Runaway cost of Public Sector Workers
3. Runaway costs of Foreign Aid
4. Runaway cost of Military Hardware
5. Runaway cost of CONGRESS
6. Runaway cost of EPA
7. Runaway cost of TSA
When this is done then we can talk about Medicare, Medicaid, Social Security, Welfare, and Unemployment….. Yes cuts need to made here but these are not the only things that need to be cut....
Corruption n Politics...We ain't got time for that! America needs to wake up and get a cold pop, cause soon America be BBQ'n in the Middle East...woo wee...MY freedoms be threatened...WE ALL AINT GOT TIME FOR THAT!
jed what a dope!
Perhaps the Incompetence that was immediately visible after his first election will be more visible now, seems his ability to Laser Focus was a little overstretched much like his second term agenda. Tone it down, scale it back and learn to play well with others, just because he won doesn't necessary reflect the political will of the nation. When a third of the electorate sits out an election because there is no candidate from either side, might be an indicator it was not a mandate. How about he give up the Assault Weapons Ban and OBamnesty, deal with getting a budget through Congress and then some No Bu!!sh!t Laser Focus on the Economy.
@By the Border. Thank you for proving what I said was correct. You mentioned a third of the voters not voting, and those voters were mainly GOP, as they hated Mitt way too much, and really really hated Obama.
You know its an important election when the dead show up to vote, and really important when a statistical impossibility of more than 100% of registered (don't show ID voters) vote.
I need to go work some fake polls showing that you folks want to give 11+ million illegal alien criminals amnesty and that you want to give up all your guns in confiscation so we can have more security from our Govment.
Reputable source, please?
I didn't think so!
The whole idea that Obama can save our country from it's fiscal woes if the Right would just let him implement his plans is delusional. Liberal minded people seem to think that Obama can just fart money and make it happen, this is just not true, the money has to come from somewhere, the idea that one can overtax the rich and pay for it is delusional also. There is something in this country called Taxation with equall and fair representation, if the rich or poor or middleclass or white's or blacks or whatever group you choose pays more taxes than any other group then they should get a larger say in how the government operates with that tax money, That is the law!
Also, If people think that the rich are just going to happily hand over their money to "Support the cause" then think again! most of the really rich have already put their money outside of the country and if indicators look as though the Feds might implement some unfair way of commandeering their wealth this will happen even more in droves. Learn from history people! It happened in Russia when they had their Social Revolution, the rich took all their money and fled to Europe what was left was a destitute USSR where everyone was poor.
The Liberals in this country need to wake up! and start looking at reality, people are not going to hand over their wealth, nor their property, nor their guns nor their rights to further the Liberal Socialist Cause, it is YOUR! CAUSE! not OURS!
This is just a minor point, but he isn't just taxing the rich. The costs already have applied a lien on every child born today, including the ones who will be on welfare their entire lives.
Good God, where has this rag been the past four YEARS? Can you say DEBT?
Think of how much he would save the taxpayers if he would quit campaigning.
Alfred E. Neuman Obama's plan? What, me worry?
Half a billion dollars a year to Planned Parenthood? Give me a break. The madness has to stop!!
Are you saying murder for money and politics is more important then people murdered by guns? Im sorry I'm just an idiot liberal looking for free money from tax payers I have a hard time thinking period.
It boggles the mind. What I wonder is, will America survive another 4 years of barry o?? And another thing, what does the wealthy Americans have to do with the governments out of control spending?
"White House has signaled that this speech will focus more on the themes that dominated the past four years -- jobs and the economy -"
So I guess he is finally done running for the office and paying back his special interest groups and has decided to start earning his pay . What a worthless turd you people voted for.
"What a worthless turd you people voted for"
Thus my users name..
TO bad we cant flush the turd.
How will he pay for it? Print more money and mint trillion dollar coins. Obama and the Dems don't CARE about the debt or even adding to it. They honestly think it's no big deal.
So many problems, so little time; That is the President's dilemna. It is impossible to put together a comprehensive plan when everything he tries is either nit-picked or adjusted in a way to take out the balance.
This Man's head has got to be spinning and his actions, as a result, come close to grasping at straws tho' not quite. What is lost in "executive actions" is the ability for conjoined solutions, parts of the "plan" being left out in the deperation to accomplish something at least.
Who's to blame? Congress is a given and the various Lobbying Interests are at the root. But don't forget those American Citizens in the first place who were unwilling to give this man a shot at success in the first place.
Because they just couldn't see a black man accomplish something that 200 years of white presidents could not? Some would say that is the major cause, but I seriously doubt that. Attribute it moreso to the personal greed that seems to have taken over the nation; a need to "keep up with the Jones' gone ballistic and which is now exploding in the economy.
The evidence? Too much wealth in too few hands and the inability to see that, "As goes the general welfare of our society, so goes this nation" (and as a result the value of individual holdings). Ship as much of your wealth overseas as you wish but if the USA collapses financially, so will the world economy.
This isn't about a black man in the white house. It's about the plans of someone who grew up being supported by other people and then taking a job getting donations for those who don't work. I don't blame Obama alone, after all Nevada re-elected Harry Reid, a lawyer who has practiced in the private sector for six months his entire life, and California re-elected Nancy Pelosi, a woman who enabled her husband the doctor to get a government funded kidney clinic for him to work in.
Did you notice the mention of a budget plan that's already a week late getting to Congress with an estimated delay of another month? When was the last time you went grocery shopping without checking your bank account to see what you could afford?
I think the president has ADHD because he runs the ship of state the way a sailor tacks into the wind. The only difference is that a sailor ultimately reaches his destination.
His head isn't 'spinning'...he has the power he has always wanted, does not LOVE this country in the sense that we are a free, industrialist democracy and is rather, a SOCIALIST at heart that wants to change the very core of America. His policies all point in that direction. No,I think he is a VERY HAPPY camper right now. He's now a multimillionaire and has the power to continue moving this country in the direction he has always wanted: Socialism. He is making the 'change' he's always talked about-except we thought 'change' meant something else..shame on us. He was criticized for his close relationship with Axelrod who is an out of the closet Marxist for the most part (and also from here, ashamed to say)...you can judge a man by who his friends are..No, I think O'Bama is a very happy guy at the moment...
Well, the young people seem to be enchanted with Obama. That is good. They will get to pay for him all the rest of their lives.
Nothing new, tax somebody more! What a mistake in fiscal leadership he and his policies have been. Just look at the farce we call Obamacare for proof of a bad bill, bad policy and big government takeover.
Tax our businesses so there aren't any jobs left, tax us until there is no income left for those that actually have one, tax the country into ruin, then spend every last piece of gold in our treasury and then we are no more.
there hasn't been enough gold in our "treasury" to pay for anything in years,we are the floating nation and we are going to be sinking if something isn't done about our "spending". We can always print more,right? What happens when the world currency is changed to the yen or euro(leaning towards the yen)? We won't be able to print anymore of this "fictional" money,then what?
@dtrx--- Then you better hope you have plenty of gold and silver on hand.
So thats really why Panetta is jumping ship!!!
What we will NOT hear during his speech:
Or any other facts or plans other than vague wishes and dreams.
The article says how unreal the budget will be, how impossible and, once again, how LATE the President is getting his own budget completed. Yep, sounds like another Obama leadership class! Talk, promise, posture, puff up and anti-deiliver. All hail!
i find it ridiculous that we are just now figuring this out. look at the socialists response to our economy..tax the rich more...thatll generate 700 billion in 10YEARS. take away money to the oil companies...thatll generate 40 billion OVER 10 YEARS. close tax loop holes...I'll be generous and give 500 billion OVER 10 YEARS. thats 1.24 trillion over 10YEARS. Our current deficit spending is over 1 trillion A YEAR. how in the world does saving 1.24 trillion over 10 years remotely help our position when we are blowing by over 1 trillion PER YEAR? their ideas for fiscal restraint is like trying to slow down a locomotive with spitballs
Exactly!!!
Talks about saving nickels and dimes over the next decade but runs up a nice deficit each year.
wow now... you right wing nut jobs can't even wait to get your Fux News take on the President's State of the Union address? Talk about premature ejaculation! No wonder mama ain't never happy... all her boy does is sit around bitchin' and playing wit his gun.
it is not right wing to expect the President to produce a budget. It is not right wing to expect the President to get the country's financials in order and reign in out of control spending. It is simple math.
prober= knucklehead. how is wanting a budget that's realistic, right wing? You must be in favor of no budget by that comment. how's that going to work? explain.
@roos & dtrx, both very well said, thank you.
The old rule of making money is to spend money is true. Stop and think about that for a couple of minutes. You might say it isn't true. Well how do the top 2% make their money. They don't do actual work, they do work at re-investing their money in the stock markets.
Hence the uber rich are spending money, and yes, making money from their spending it. I do the same, I invest (a lot smaller sum) like the uber rich does, and yes, I make, right now, around 5% tax free money. Which equals out to around 7% if it was taxed.
The only way we are going to get out of this mess is by TWO THINGS. More taxes, and some honest SPENDING CUTS. With the increased revenue, the govt can start getting to work on the bridges and roads across our country. Which would put people back to work, thus generating more revenue income.
It doesn't take a brain to figure out how to get out of this mess, but then you look at the GOP, they said NO to everything, even their own policies that they bragged would help America. And then THEY blame Obama for this mess because he isn't doing anything?
Go figure, it's the GOP way of hating someone so much they want him to fail, and if that means our country fails, so be it. There can be no other reason why they always say NO. Even to their OWN policies. Explain that GOP lovers.
how much taxes is enough sally? given the small amount the president will generate with taxing the rich...700 billion over 10 years. his ideas of lowering oil subsidies and closing tax loopholes doesnt even close the deficit for 1 year much less 10 years. we HAVE to cut spending. thats not hate thats reality
Obama got more money and then asked for more. He gets that then wants more. The sacrifice is what WE give to washington so they don't have to sacrifice spending it. See the cuts never come but they posture it as the GOP did nothing. THEY GOT MORE MONEY AND THEY SPENT IT! Where's the cuts?
We want his buffoonery policies to fail not the country. His plan is as idiotic as funding Solyndra. All vapor.
Taxes are higher now than at any other time in history, How can this be you say, We have the Bush tax cuts and notice I did not call them the Obama tax cuts because the Democrats never really wanted those tax cuts until they could use them against the Republicans, But back to why the taxes are higher now than ever before, While it is true basic federal income tax rates are the same as they were under Bush the total amount of all taxes that are either taken from our paycheck or that we pay when we purchase goods or services are higher, The Layers of Government from Local to County to state to Federal government has steadily increased, Almost everything that we purchase or pay for has a hidden tax added to it, Couple that with the devaluing of the dollar because of the government constantly printing more money and the income of all Americans is significantly reduced and continually shrinking, At what point will we say that Government has taken enough of our money , Is it fair that our layers of Government take over 50% of our incomes in taxes.
Silly Sally!
Do you even attempt to do the math in your head after listening to Obama or his administration explain the money saved over the next decade and then look at our deficit the past 4 years?
Sally you mean like the trillion dollar shovel ready jobs, even Obama was caught laughing at that one! We could always try the cars for clunker scame again LOL
In that the fiscal Cliff Resolution,
The top marginal tax rate on income of 39.6%.
The top marginal tax rate on long-term capital gains of 20%.
Higher Income taxes tax rate is regessive, a violation of Amendment 16:
"The higher the earnings, the higher the percentage collected from them."
Fairness requires top earners pay more.
Simply put, the federal and state tax system needs to tax the money, not the people. Poverty/subsistence margin flat rate of taxation is fairness. The upper quintile views fair as the more you make the more you take home. This meets both criteria. The Washington bureaucrats missed a big opportunity to propose a margin flat rate tax that balances the budget. Rates $0-20K 0%, money above $20K 35%; couples freely share; all income bundled and taxed in summation form, no exemptions. And provide business relief with no business taxation with provisions on 'partnership and disregarded' businesses to transfer funds into personal accounts as the taxable income. Ends family business inheritance taxation, except when sold for personal profit (always taxable).
The above $20K margined 35% flat rate yields the federal $3.8T expendatures (includes single pay Health and Social Security) and is a progressive effective tax rate less than th efederal income tax rate up to $250k, and it is constitutional. This proposal would require a National Level of politics that reaches amendment level approval. This would require a national constituency letter writing outcry, that which has not been seen.
I stopped reading right there, The top earners are already paying their fair share and they are paying for those that are not paying anything.
Our government does not have a revenue problem, It has a spending problem and that spending consists mainly of vote buying.
Deficit is an imbalance between revenue and expendature(s). Expendature(s) are defined by a Nation's needs; germain to your narrow elitest view that is the welfare and happiness of it's people. Congress has the sole authority to spend and tax fairly to which I have shown they have taxed outside constitutional limitation(s). Since the House is a GOP body, I can only infer your displeasure with T'Rexublican agenda.
I too favor the beauty of birds of prey. But the National bird symbolizes peace before conflict. Let me leave you with this phrase to alay you apparent fears for fairness,
An 'under God' metaphysical,
Greed is the aggregate of unnecessary wealth, ever expanding by fear of having less. Realizing how much less subsistence in reality is, represents a gentile epiphany. Eternal conceptuality is a metaphysical independent of physical wealth.
Have a prosperous year, $:-)
morbas
This President's incompetence amazes me more and more each day.
But I guess it doesn't matter as long as his wife wears nice clothes, right?