Forget the Fiscal Cliff

03 Dec 2012 08:10 #71 by LadyJazzer
Replied by LadyJazzer on topic Forget the Fiscal Cliff
Sorry... I'm still on my first cup of coffee... I meant 4.6%...

You know, like

Martin Ent Inc wrote: There it is that [sic] racisit stuff.

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03 Dec 2012 08:18 #72 by FredHayek
Replied by FredHayek on topic Forget the Fiscal Cliff
You misunderstand me, I am not advocating against your plan of increasing income limits on higer earners, I am just saying it won't be enough, we need to end the current tax holiday for everyone plus increase income limits, and also look at both raising the age for complete benefits and possible means testing as the SS approaches insolvency.

But I do have to disagree with you about there being no link between the record high debt of the goverment right now not affecting SS at all. If buying US debt becomes unpopular worldwide, the US will be unable to raise more money to fund both discretionary spending end entitlements.

Thomas Sowell: There are no solutions, just trade-offs.

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03 Dec 2012 08:25 #73 by LadyJazzer
Replied by LadyJazzer on topic Forget the Fiscal Cliff
NOBODY has said that "it would be enough"... You love to keep harping on the fact that it "won't be enough"... I'll repeat: NOBODY HAS SAID THAT IT WILL BE ENOUGH, in and of itself. It's part of a larger budget. But you keep repeating it...You obviously think it has some relevance... (It doesn't--but you seem to think so.)...So, whatever melts your butter...

FredHayek wrote: If buying US debt becomes unpopular......


If, if, if, if.... And if a meteor hits the earth it's all over. And if frogs had wings they'd fly...And if Boehner could shoot fireballs out of his arse, he would...

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03 Dec 2012 08:31 #74 by FredHayek
Replied by FredHayek on topic Forget the Fiscal Cliff
Buying US debt is already unpopular and much of QE3 is balance sheet wizardy.

Thomas Sowell: There are no solutions, just trade-offs.

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03 Dec 2012 08:46 #75 by akilina
Replied by akilina on topic Forget the Fiscal Cliff
Looks like it is where we have to go, US debt even shunned by China, before people get the message.

IN NOVEMBER 2014, WE HAVE A GOLDEN OPPORTUNITY TO CLEAN OUT THE ENTIRE HOUSE AND ONE-THIRD OF THE SENATE! DONT BLOW IT!

“When white man find land, Indians running it, no taxes, no debt, plenty buffalo, plenty beaver, clean water. Women did all the work, Medicine man free. Indian man spend all day hunting and fishing; all night having sex. Only whit man dumb enough to think he could improve system like that.” Indian Chief Two Eagles

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03 Dec 2012 09:21 #76 by lionshead2010
Really seems like no takers other than LJ from the liberal side on this question. So can I get someone on the conxervative side of the coin to interpret for me what the liberals consider a "balanced approach" to making our country solvent again?

Most reasonable adults can admit that just taxing the top 2% doesn't solve the problem...it just feels good. So I really am good with doing that JUST so we can get past it and get to substantive discussion on what else we must do.

Those same reasonable adults will also admit that the DOD budget can and should be cut. Cutting it in half is a recommendation I would expect from a third grader who hasn't a clue about strategy and the implications of US influence in the world so I will dismiss that recommendation. I will concede then that the DOD must take a big hit. Got it!

Given that half the sequestration targets the DOD and the other half targets entitlements, what entitlements DO the liberals think we can cut using the balanced approach the President promised to his fawning supporters during the election?

I'm not asking this question correctly otherwise I would have seen an answer by now. Can someone from the right assist? I apologize in advance for my limited command of the English language and would appreciate assistance so I can just see the left's recommendation. I'm just not seeing it.

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03 Dec 2012 09:32 #77 by cydl
Replied by cydl on topic Forget the Fiscal Cliff

Really seems like no takers other than LJ from the liberal side on this question. So can I get someone on the conxervative side of the coin to interpret for me what the liberals consider a "balanced approach" to making our country solvent again?


"Balanced Approach" = Tax the wealthy. Increase the debt.

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03 Dec 2012 10:09 #78 by FredHayek
Replied by FredHayek on topic Forget the Fiscal Cliff
Balanced approach? Balance phantom spending cuts that are already in the pipeline like the Iraqi & Afghani drawdown versus taxing the minority rich. (Instead of eliminating taxloopholes.)

Per NPR this morning, it looks like England's Pols also play this game, Starbucks used various loopholes to avoid paying taxes last year in the UK.

Thomas Sowell: There are no solutions, just trade-offs.

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03 Dec 2012 11:50 #79 by ScienceChic
Replied by ScienceChic on topic Forget the Fiscal Cliff

cydl wrote:

Really seems like no takers other than LJ from the liberal side on this question. So can I get someone on the conxervative side of the coin to interpret for me what the liberals consider a "balanced approach" to making our country solvent again?


"Balanced Approach" = Tax the wealthy. Increase the debt.

I haven't seen anyone considered a liberal here advocate for increasing the debt, or only taxing the rich. I've seen people say that we need to close tax loopholes, increase taxes on the wealthy, while simultaneously cutting spending though. Fixing the budget crisis will require both increases in revenue and cutting in spending, not one or the other. And to do that, both sides of the aisle will have to shut it on the rhetoric and start compromising. I'm not holding my breath...

In case anyone's interested:
Obama to Hold Twitter Town Hall on Fiscal Cliff
Alex Fitzpatrick
December 3, 2012

President Barack Obama will be holding a Twitter town hall Monday afternoon, the White House has announced. Obama will use the opportunity to answer citizens’ questions regarding the fiscal cliff.

Twitter users can ask questions using the hashtag #My2k. The Twitter town hall will begin at 2 p.m. EST. Mashable will update this post with some of Obama’s responses at that time.


"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther

The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill

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03 Dec 2012 12:45 #80 by Jekyll
Replied by Jekyll on topic Forget the Fiscal Cliff

lionshead2010 wrote: Really seems like no takers other than LJ from the liberal side on this question. So can I get someone on the conservative side of the coin to interpret for me what the liberals consider a "balanced approach" to making our country solvent again?
-I've said this somewhere else. They don't WAN'T balanced. "Balanced" is relying on someone more successfull then themselves to help those that are less fortunate and then hungrily coming back for more. A lot of the time they can find individuals that are more than willing to give up everything they worked for, but the ones that won't are a bunch of treasonous "teabaggers." We'll fight until the world ends I'm afraid.

Most reasonable adults can admit that just taxing the top 2% doesn't solve the problem...it just feels good. So I really am good with doing that JUST so we can get past it and get to substantive discussion on what else we must do.
-Works for me, just so we can move on to more creative excuses from the left.

Those same reasonable adults will also admit that the DOD budget can and should be cut. Cutting it in half is a recommendation I would expect from a third grader who hasn't a clue about strategy and the implications of US influence in the world so I will dismiss that recommendation. I will concede then that the DOD must take a big hit. Got it!
-Again, fine. Let's do that and bring everyone back here to protect our own borders and ports. When things start getting blown up, I don't want to hear the bleeding hearts talking about the "rights" of terrorists.

Given that half the sequestration targets the DOD and the other half targets entitlements, what entitlements DO the liberals think we can cut using the balanced approach the President promised to his fawning supporters during the election?
-I'll get this one started for 'em: Welfare, by requiring drug tests and residency (or at least a work visa) to qualify.

I'm not asking this question correctly otherwise I would have seen an answer by now. Can someone from the right assist? I apologize in advance for my limited command of the English language and would appreciate assistance so I can just see the left's recommendation. I'm just not seeing it.


And instead of getting answers to your questions, the excuses and slanted liberal media source links will fly. Sorry if I was vague and can't help myself when it comes to slinging insults.

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