Something the Dog Said wrote: Once again, false statements and distortions. The "taxageddon" was the plan agreed upon by the Dems and the GOP last year that would occur if the two parties failed to reach budget accord this year. The plan by President Obama and the Dems would let the unfunded tax cuts for the wealthiest taxpayers expire while keeping the tax cuts for the middle class. The Reps on the other hand want to further cut taxes for the wealthiest, while cutting Medicare and Medicaid for the poorest. The Ryan plan would increase the tax load on the poor and middle class while further cutting for the wealthy.
And you miss the whole point of the CBO report... we are going to have another recession if the Obama administration raises taxes and the right and left don't managed to really cut spending. Are you calling the CBO report "false statements and distortions?"
Tax hikes and spending cuts set to take effect in January would suck $607 billion out of the economy next year, plunging the nation at least briefly back into recession, the nonpartisan Congressional Budget Office said Tuesday.
That's false and distorted? What in the article was false and distorted?
Your characterization of the article was false and distorted, trying to claim that President Obama would raise taxes on the middle class. FYI, President Obama can only sign legislation presented to him, he can not unilaterally raise taxes.
"Remember to always be yourself. Unless you can be batman. Then always be batman." Unknown
Come 2013, tax rates are slated to skyrocket and mandated cuts will slash defense and other federal spending. Higher revenues and lower government spending might suggest good news for our grandchildren, but that cliff could represent bad news for today’s investors.
Some prognosticators see the stock market falling as much as 30% if lawmakers don’t grab the steering wheel and pull hard. That may be overstating the danger presented by higher tax rates, but the Congressional Budget Office said Tuesday that if the scheduled tax increases and spending cuts occur, the economy will fall back into a recession.
Fortunately for the current administration, "taxmageddon" won't really kick in until AFTER the election. I wonder who will own the next recession?
Come 2013, tax rates are slated to skyrocket and mandated cuts will slash defense and other federal spending. Higher revenues and lower government spending might suggest good news for our grandchildren, but that cliff could represent bad news for today’s investors.
Some prognosticators see the stock market falling as much as 30% if lawmakers don’t grab the steering wheel and pull hard. That may be overstating the danger presented by higher tax rates, but the Congressional Budget Office said Tuesday that if the scheduled tax increases and spending cuts occur, the economy will fall back into a recession.
Fortunately for the current administration, "taxmageddon" won't really kick in until AFTER the election. I wonder who will own the next recession?
It was the Republicans that got us into this mess, and into the last recession... They still OWN it, and although much has been done to turn it around, if their policies continue to be implemented--regardless of WHO is in the White House--they will continue to OWN it...
I'm still hopeful that we (the Dems) will continue to own the White House, and take back the House, and get enough votes to stop the b.s. filibusters in the Senate.
I'm still hopeful that we (the Dems) will continue to own the White House, and take back the House, and get enough votes to stop the b.s. filibusters in the Senate.
I bet you wish you were a ballerina too- but wishing just ain't gonna get ya there.
You fell off your unit again LJ- time to come back to earth.
rofllol 
