Obama, don't cave in, raise the taxes on the rich, make them pay taxes also.
They are nothing more then tax cheats. For decades, officials have been using
poor methodology to gauge living costs, which makes it convenient for
politicians to manage budget deficits. The result is that the costs of living
are understated, which means social security and other checks are smaller and
therefore cover a lot less than what many feel they should be. Lower inflation
rates look good, and lower paychecks to the nation's seniors looks good, too.
While many are feeling the squeeze of higher prices at the gasoline pump and
grocery store, core inflation rates, which are stripped of volatile food and
energy prices and key for setting interest rates, remain low enough not to merit
changes from currently loose monetary policies. Now a significant faction of
the tea party movement is prepared to revolt against any GOP deal to raise the
debt ceiling even if it is revenue neutral and cuts trillions from federal
spending. But the fractious tea party movement actually consists of thousands
of loosely affiliated groups. They generally support constitutionally limited
government, but don't always agree on specific policies.
Dear Brother Chuck. News flash for you! The "rich" are paying nearly
80% (that's .80 out of every dollar) the government collects in income taxes
while almost 50% of Americans pay NO federal income taxes at all! Saying the
rich are not paying taxes is Democrat baloney and worse,it is a lie! Even if the
government confiscated 100% of everything rich people have, it still could never
pay for all the entitlements we are spending our children's money on!
@mountainman the gap between the rich and the rest of the country has
grown to record highs in term of both income and life expectancy. you can blow
all the hot air you want but the fact remains the tax cuts that Bush handed down
have done nothing to improve the economy and only furthered the cause on
inequality in our country.
@MountanManThat is an out and out LIE. The rich simply aren't paying 80%
tax. Also to all republicans, we had these low tax rates at the start of the
recession and they haven't created any jobs. Even before the recession there was
very minimal job gain. I guess what i'm saying is that we did it the repulicans
way. Where did that get us? In two wars, One bailout, a massive increase of our
debt, and the near collapse of the economy. Remind me why i'm supposed to listen
to anything the republicans think is a good idea?
Each of these Republicans now claiming they cannot vote to raise the debt
ceiling, voted to raise said ceiling 7 TIMES DURING THE GEORGE W. BUSH
PRESIDENCY.They are fed up with Obama spending to try and save
American jobs, fix Health Care, basically spending to get us out of the hole
Republicans left us in.Yet, these same "mavericks" voted 7
TIMES to raise the debt ceiling while they were in control, with no
stipulations. The fact that a yearly surplus was turned into huge deficits
spent not on the American economy but on 2 wars, was never a breaking point to
Boehner, Canter and the rest of the Republicans who voted for the measure all 7
TIMES.How anyone takes a word these clowns say seriously is beyond
me.They are once again showing their true colors.They
would risk permanently damaging the American standing in the world to have
President Obama fail. Yeah, true American mavericks.They've acted like children since Obama took office, and apparently will stand
for nothing to see him fail. Along with America.
Wow.Only fools believe the wealthy are not paying their fair share
of taxes.Don't believe me? No, of course you don't.So
you're so confident you're right that doing a little research on Google won't
scare you, will it?Go look at who's paying the majority of taxes,
the wealthy or the poor? Now go research what percent of Americans are not
paying ANY income tax. Come on now, YOU made the claim, go google it and see
for yourself. I already did...
@A guy with brain you mean the same people that take the vast majority of
wealth out of the system are being asked to pay the majority of the taxes? Maybe
if they paid their workers real wages and did not ask for handouts from the
government instead of relying on the government to provide them with tax payers
money in handouts and provide medicaid and food stamps to their workers to
maintain their healthy work force they would not have to pay so much in taxes
but as long as they are taking so much out of the system and demanding wee cover
their labor expenses then they get to pay more taxes.
Sen. McConnell is right...there will be no serious debt reduction until Obama is
out of office.
Guy with a Brain and Mountainman...The system you describe as
conservitives is very...and I do mean VERY simular to the fudeal system used in
Europe back when the Kings and Dukes and all the ROYALTY had all the money, all
the land and let everyone eat out of THEIR hands. Had they shared that wealth
then MILLIONS and MILLIONS of lives of those not as fortunate would have
prospered. But no...When you make a hundred Million dollars, and you use
coporations, write offs, tax exclusions and who knows what else to write down
your taxable risk....you SHOULDN"T HAVE to pay more...it's un-American!!!
NEWS FLASH...We don't believe in the feudal system in the good old USA. We just
want a chance to have a job, earn a decent living, pair a proportionet fair tax
and have a chance to retire without having to apply as the WalMart Greeter!!!Only someone who is RICH would get on here and claim the rich don't have
an obligation to society to share some of their wealth. They'll still be
Rich....but they may have to give up one of the Villa's in the Bahamas...
Bully pulpit indeed...Obama now says he cannot guarantee social security checks
will go out on time August 3rd!
Makes you wonder why Obama is so un-movable on tax increases. The man absolutely
is obsessed with raising taxes on "his evil rich" along with
corporations as well. Obviously Obama has some far left supporters who are key
players in his bid for re-election and they are demanding these tax increases to
fund their programs. There is no reason why budget cuts with no tax increases
won't solve the problem here (as proposed by the GOP) but Obama won't hear of
it. The GOP took control of the House last November mainly because people were
sick of Obama and his far left cronies ramming down their high tax high spending
agenda so I seriously doubt that there will be any compromise to raise taxes by
Count me as one of the fools. I don't disagree that the wealthy pay more taxes
than the average Joe; however, I also believe that they are in a position to pay
a heck of a lot more without harm to themselves or their businesses. As some
posters alluded to earlier, the gap between the rich and the poor continue, and
I believe this is exactly what the republicans want. Funny that a lot of people
who vote for republicans are probably the same ones that suffer from their
I think the Senate Minority Leader Mitch McConnell said it best yesterday when
he said "I have little question that as long as this president is in the
Oval Office, a real solution is unattainable". McConnell is 100% correct.
Obama is THE ROAD BLOCK to America's economic recovery and future prosperity.
The 2012 election is probably the most important election in the past 100 years
because the financial future of all of us - liberal or conservative - is at
stake and Obama's losing agenda must be reversed which will ONLY happen if Obama
is removed from office. The man stands in the way of prosperity for all of us.
@patriotObama is the only thing standing in the way of America and
another chance for Republicans to run Americans into the ground even further.
We saw the financial future they created. A near depression. Homes
and retirements down the drain. Jobs gone. Yeah, lets put those
guys back in power!I find it amusing you're so angry at Obama for
not fixing the Republicans mess fast enough. The only ideas Republicans have is
to reset everything circa 2006 and they have no doubt it will turn out better!
Beware of the attempts to make raising taxes on the "rich" a class
warfare scenario.NOBODY trusts the government much to use the money
they already have wisely.Why should we trust them to use the
"new" taxes from the "rich" any better?Its not
the revenue that's the problem, its the SPENDING!
It's easy! Everybody pay a set percentage to taxes. Rich or poor. Doesn't
matter, and no deductions.Obama says "we must reach
agreement". Did our country reach agreement on:1. giving
foreign aid?2. paying for abortions?3. allowing half of our people
to not pay income taxes?4. provide free breakfast and lunches in
schools?5. pay ten million dollars per day in an undeclared Libyan war?6. restricting oil drilling?7. allowing the Federal government to take
control of a third of Americas lands? etc!Obamas change and
hope did not include agreements with we the people.
George.....You need to get some fresh air ....get out of new york....the rich
are not taking handouts?...But the bottom 50% of wage earners are! And more
than they put in!
The rich are not taking handouts you say? GE no taxes paid, Newscorp (Fox),
sent rebates, Exxon, more money in subsidies than taxes paid. Whatev. Wall Street almost goes broke and Bush and Congress (Obama continued it)
can't rush fast enough to give them a blank check with no conditions. Obama
lends auto industry money (most of it repaid with interest), and Mittons claims
that auto industry should have declared bankruptcy.Corporations can
declare bankruptcy easier than you or me. Jet owners can write off depreciation
before hand on their taxes, why can't we write off depreciation on our cars
before the mileage? This is fair? Yeah, those mooching war widows, 9-11
responders, veterans, teachers, firefighters, police, public servants (you know
the fabric of society) are the real villains. Let's go put the squeeze on them
and leave the Bernie Madoffs of the world alone, in fact, let's take the
increased money from robbing the working people's social security, pensions,
medicare, and unemployment insurance and give it to the upper crust.Like Mr Burns said when Homer told him he was the richest man he knew,
"True, but I would give it all away for a little more."
re:williary Do you recall who was in charge of the banking committee
from 2006 - 2008? Yes that's the committee who oversaw Fanny and Fredie Mac. It
was BARNEY FRANK and CHRIS DODD!! Both DEMOCRAT'S. Yes these two wonderful
watchmen were giving rosy projections for Fanny and Fredie even as these two
institutions were on the verge of collapse. FOR TWO YEARS!! Also, who was it
that was SCREAMING for the easing of regulations and saying that every American
had the right to own a home?? Again, Barney Frank and Chris Dodd and they kept
this campaign up for 8 years until they got their way in 2006. Please Please
don't even try to suggest that the financial mess was all the GOP's fault
because that is simply not true. Both parties shared in that ugly mess. I also
find it interesting how you completely ignore the damage Obama has done over the
past three years to the US economy. The Mt Everest sized debt that the man has
created along with the job killing tax hikes for Obamacare have kept us in
recession and are THE reason unemployment is still over 9%. Check your facts
This is pay back time for the last 100 years of progressive social programs. The
top 3 to 5% know they will never again get an opportunity like this and they are
pulling out stops. Sort of like the mining disaster in Utah.
@truththe rich are not taking handouts? really? I refer you back to
Wildcats post while no where near exhaustive (Try looking up government grant to
big corporations like McDonald for things such as "new signs") I think
it at least disproves your lie.
Obama: "Since I have tried my best to make the deficit and debt as large as
possible, lets make a deal for the largest possible deal to reduce my
spending." Are any of the libs buying what he is selling, anymore?
Dearest libs,Why do you continue to listen to a very rich guy,
Obama, and his even more rich cohorts regarding taxing the rich (themselves)?
Doesn't make sense to me anymore than not taxing the bottom 50% any federal
taxes at all. The only thing that does is create a voter class of people.
Hmmmm, great devious idea.
Less vacations for Michelle may save some tax money.
A fixed tax rate for all would remove a lot of ills that got us into this
deficit mess. And further, cutting spending by cutting non-defense programs
would allow us to live within our means and get this economy rolling again. Obama's a hard nut to crack. His incessant "I'm from the
government and I'm here to help you" approach should be shunned like the
plague. Been there, done that, and it might very well run this nation into the
ground if we don't reverse course.
No new taxes but let's cut ALL government subsidies to big business and pet
projects like "clean" energy and big farming. Eliminate many of the
glaring loopholes that cater to big corps. Defense and entitlements all on the
chopping block. Dramatic Lobby reform. I really don't have much confidence that
either the Republicans or the Democrats are willing to do what really needs to
be done. I think when all is said and done, it will be business as usual in
Washington.Democrats want to stay in control indefinitely by
perpetuating government dependence indefinitely, and Republicans have too much
faith that tax breaks and subsidies to Big Business will create more jobs.