President Obama Avoids the Fisical Cliff

[Junkman2008]

I'm just happy that we avoided the dairy cliff with as much milk as I drink.

So what say we DC? Discuss.

[Texdentist]

Originally Posted by Junkman2008

So what say we DC? Discuss.

Well, according to the CBO, we just added another $3T+ to our debt. Apparently Dems don't plan on being around to get the bill on their never ending spending spree.

[Poncherello]

The President is thrilled with this pork bloated bill while at the same time promising more tax hikes to come saying, "We can't cut our way to prosperity". As if taxing our way to prosperity is a viable alternative.

[ArKay99]

Free Government Money

Free Government Money

[C5sarge]

Junk you named this thread as a good media propaganda machine would. The president all by himself saved us!

[Junkman2008]

Originally Posted by Poncherello

The President is thrilled with this pork bloated bill while at the same time promising more tax hikes to come saying, "We can't cut our way to prosperity". As if taxing our way to prosperity is a viable alternative.

You haven't seen the details of the bill yet, how can you say that with confidence?

[Junkman2008]

Originally Posted by C5sarge

Junk you named this thread as a good media propaganda machine would. The president all by himself saved us!

Sarge, you are the first to catch that. I was waiting on someone to say something. I did that for the exact reason you stated because had the bill NOT been passed and had we went over the cliff, someone else would have titled it, "President Obama Sends the US Over the Fiscal Cliff!"

It was more of a 'poke the news room dogs' thread!

[Texdentist]

Originally Posted by Junkman2008

You haven't seen the details of the bill yet, how can you say that with confidence?

Here is just a small bit of how this thing was built:

"No wonder many House Republicans balked at what was presented. The New Year's Day legislation is breathtaking in its largess. The Senate bill extends 52 tax credits, mostly for one year, ensuring huge annual lobbying fees and political contributions. Section 206 provides a juicy capital-gains tax exemption for contributions of property for conservation, meaning wealthy environmentalists with extra acreage will be able to take a tax deduction for the appreciated property and have the environmental organization preserve it, adding to the value of the primary property. Section 312 provides faster tax deductions for "motorsports entertainment complexes." Section 317 allows expensing of film and television productions, meaning lower taxes for Hollywood.
The bill devotes much space to tax credits for government-approved energy schemes, providing taxpayer subsidies for energy-efficient new homes, existing homes, appliances, cellulosic biofuel and "Indian coal facilities." Underscoring the complexity of the tax code, the bill takes seven pages to index the alternative minimum tax for inflation because it takes side trips to curry favor with the owners of plug-in electric vehicles and with first-time home-buyers in the District of Columbia."

Link: http://online.wsj.com/article/SB1000...pinion_LEADTop

[Poncherello]

Originally Posted by Junkman2008

You haven't seen the details of the bill yet, how can you say that with confidence?

While this bill raises taxes on 77% of households after the expiration of a 2% payroll tax cut it includes the following:

$430 million for Hollywood writeoffs after a record setting box office take in 2012.

$222 million in returned excise tax to Puerto Rico and the Virgin Islands.

$70 million for NASCAR

$59 million for algea growers to encourage production of cellulosic biofuel

$4 million for electric motorcycle makers

$330 million for railroads


Here's what he said after the bill was passed:

Today’s agreement enshrines, I think, a principle into law that will remain in place as long as I am President: The deficit needs to be reduced in a way that’s balanced. Everyone pays their fair share. Everyone does their part. That’s how our economy works best. That’s how we grow.”

Read more at http://investmentwatchblog.com/obama...tMyzUVF5Dw4.99

This bill raises the deficit by more than $3 trillion and we call this a good deal? This is nothing more than continued spending with a cry that the rich still aren't paying their fair share.

[the machine]

I find it truly laughable that The "conservatives" are now crying about the growth of government while it grew the most under GW Bush and second most under Ronal Raegan. It has actualy shrunk consistantly under Obama, but the cries of government growth continue as they alway do under a Democrat president. Republicans have lost the faith of the people because they are sick and tired of the game. They are sick and tired of huge Republican spending when they are in control and demands to stop spending when they are not.

It is time for republicans to realize that when you take control of the government, that is the time to do what is right, not when the other guys take control. Sure the republicans would like to see huge cuts to spending right now. It would cause another recession, that they could point to, to take power back in 2016, and if history teaches us anything, they will squander any benifits that such cuts would bring, as Bush did after Clinton slashed spending durring his term.

Yes Obama played the pubs like a well tuned fiddle durring this fiscal cliff debate, and as long as republicans stick to the worn and tired bullshit that they have been sticking with all along they will continue to lose credability and power. Hey Boehner and Cantor, the definition of insanity is trying the same thing over and over and expecting a different result. Time to try something new.....like showing the people that you are willing to work with the other side to help the country, and putting party aside after the election. Maybe this fiscal cliff deal is a starting point. Show the people that you are willing to work together with the president to help the economy grow. That in itself would give business and the people the confidence they need to open thier wallets again and get the economy rolling strong, and that would do more to cut the deficits than any programs we could cut. It was the philosophy that all republicans embraced durring the Bush years, when Cheney said that deficits just don't matter any more.

Obama has shown that he is willing to make needed cuts. and just as when Clinton was president if the Republicans work with the president to get smart and targetted cuts we will together bring our economy back to life and in the process shrink our deficits into surplusses, and if the people see fit to give us another chance, we can then do the right thing and use those surplusses to reduce our debts rather than give those surplusses away to the friends of the Pubs.

[C5sarge]

Both parties are to blame. I wouldn't mind paying a little more if I saw some type of effort to reduce spending and more actual leadership instead of playing politics or trying to get some more face time on the TV. We are heading towards a financial meltdown folks. And what the parties are doing is not good for the country or the people.

[Texdentist]

Originally Posted by the machine

I find it truly laughable that The "conservatives" are now crying about the growth of government while it grew the most under GW Bush and second most under Ronal Raegan. It has actualy shrunk consistantly under Obama, but the cries of government growth continue as they alway do under a Democrat president.

I think it depends on what you are talking about. The number of government employees? Maybe that has gone down, I don't know. But government expenditures? No way. Government spending has gone into hyper drive since Obama took office and Obamacare hasn't even hit yet. When it does, the needle will fall off of the guage.

Originally Posted by the machine

Obama has shown that he is willing to make needed cuts.

What???? What universe are you living in??? Obama has made it clear that he has no intention of making meaningful cuts of any kind. And he didn't play the Pubs like a fiddle. They simply had no cards to play. They will have more cards in the debt ceiling negotiations, but they still have the weaker hand. The Pubs want meaningful cuts -- any thinking person should want the same thing. But Obama only wants more redistribution. He will never agree to any cuts that are painful to anyone but the rich. And without painful cuts to everyone, our debt will continue to rise until no one will loan us money and we can't print any more without hyperinflation.

[C5sarge]

Originally Posted by Texdentist

I think it depends on what you are talking about. The number of government employees? Maybe that has gone down, I don't know. But government expenditures? No way. Government spending has gone into hyper drive since Obama took office and Obamacare hasn't even hit yet. When it does, the needle will fall off of the guage.


What???? What universe are you living in??? Obama has made it clear that he has no intention of making meaningful cuts of any kind. And he didn't play the Pubs like a fiddle. They simply had no cards to play. They will have more cards in the debt ceiling negotiations, but they still have the weaker hand. The Pubs want meaningful cuts -- any thinking person should want the same thing. But Obama only wants more redistribution. He will never agree to any cuts that are painful to anyone but the rich. And without painful cuts to everyone, our debt will continue to rise until no one will loan us money and we can't print any more without hyperinflation.

Cuts? That's why he wanted sole control over the debt ceiling bypassing the process and law.

[MR BRNS C6]

I think we should've went over the cliff. Going over the cliff would have given the Republicans their spending cuts and the Democrats their tax increases. Automatic compromise

[C6 CRUZR]

Originally Posted by the machine

I find it truly laughable that
The "conservatives" are now crying about the growth of government while it grew the most under GW Bush and second most under Ronal Raegan. It has actualy shrunk consistantly under Obama, but the cries of government growth continue as they alway do under a Democrat president.

Good God!
Most people stop drinking after New Years Day.
the machine must be on a binge that will last
the entire year.
Either that or he is just plain delusional.