Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jan 1, 2013 23:22:57 GMT -5
Republicans caved and voted for it.
That is the, House of Representatives caved ......
|
|
vandalshandle
Senior Member
Never give a sucker an even break, or smarten up a chump...
Joined: Oct 12, 2011 20:34:13 GMT -5
Posts: 3,005
|
Post by vandalshandle on Jan 1, 2013 23:27:33 GMT -5
In spite of the fact that the republicans claim that liberals will take the tax increase, and never agree to significant spending cuts, I maintain that, as soon as this deal is finalized, I have no problem with their taking a hatchet and chopping away. But ACA, Medicare, and SS., other than reasonable adjustments, are off limits, in my book. There are plenty of programs that can be reduced by 10 to 15%, and I would not lose a moment of sleep over it.
|
|
Deleted
Joined: May 18, 2024 1:09:45 GMT -5
Posts: 0
|
Post by Deleted on Jan 1, 2013 23:30:16 GMT -5
There will be spending cuts, or the automatic ones go into play, so it's not like there won't be any...
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jan 1, 2013 23:35:12 GMT -5
There will be spending cuts, or the automatic ones go into play, so it's not like there won't be any... Wanna bet? The Republicans caved and nothing will happen to spending. There will be other tax increases this year-and it will be the middle class that takes it this time.
|
|
Deleted
Joined: May 18, 2024 1:09:45 GMT -5
Posts: 0
|
Post by Deleted on Jan 1, 2013 23:44:09 GMT -5
There was no cave on spending, they extended the time period till automatic cuts happen for two months, they either have a spending deal, or the automatic ones go into effect then...
|
|
Deleted
Joined: May 18, 2024 1:09:45 GMT -5
Posts: 0
|
Post by Deleted on Jan 1, 2013 23:44:46 GMT -5
What other tax increases?
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,233
Mini-Profile Background: {"image":"","color":"000307"}
|
Post by djAdvocate on Jan 2, 2013 0:11:23 GMT -5
There will be spending cuts, or the automatic ones go into play, so it's not like there won't be any... Wanna bet? The Republicans caved and npothing will happen to spending. There will be other tax increases this year-and it will be the middle class that takes it this time. no way. i think that making the middle class tax cut "permanent" and adding taxes to SS is a real possibility, tho.
|
|
Value Buy
Senior Associate
Joined: Dec 20, 2010 17:57:07 GMT -5
Posts: 18,680
Today's Mood: Getting better by the day!
Location: In the middle of enjoying retirement!
Favorite Drink: Zombie Dust from Three Floyd's brewery
Mini-Profile Name Color: e61975
Mini-Profile Text Color: 196ce6
|
Post by Value Buy on Jan 2, 2013 8:54:07 GMT -5
Wanna bet? The Republicans caved and npothing will happen to spending. There will be other tax increases this year-and it will be the middle class that takes it this time. no way. i think that making the middle class tax cut "permanent" and adding taxes to SS is a real possibility, tho. "adding taxes to ss is a real possibility" Since the President did not want to hurt citizens by paying their fair share, by re-instituting the 2% cut, does this mean they remove the cap, or make corporations pay a higher rate, which will reduce employment opportunities for the middle class?
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,233
Mini-Profile Background: {"image":"","color":"000307"}
|
Post by djAdvocate on Jan 2, 2013 12:32:26 GMT -5
no way. i think that making the middle class tax cut "permanent" and adding taxes to SS is a real possibility, tho. "adding taxes to ss is a real possibility" Since the President did not want to hurt citizens by paying their fair share, by re-instituting the 2% cut, does this mean they remove the cap, or make corporations pay a higher rate, which will reduce employment opportunities for the middle class? i am not sure that it will impact employment very much. when Reagan did this back in the 80's, there was very little impact to employment.
|
|
vandalshandle
Senior Member
Never give a sucker an even break, or smarten up a chump...
Joined: Oct 12, 2011 20:34:13 GMT -5
Posts: 3,005
|
Post by vandalshandle on Jan 2, 2013 22:59:20 GMT -5
I did not hear the speech, but my fortune telling 8 ball tells me that the deal will be finalized before January 4. I'm not pulling out of the market. In fact, I think this is a buying opportunity. Note the date: Dec 31, 2012. you heard it first here, folks! Four % gain in 3 days. Now, for the weak hearted, sell tonight. For the gutsy, hold on! It going to be a "E" ride!
|
|
Politically_Incorrect12
Senior Member
With a little faith, we can move a mountain; with a little help, we can change the world.
Joined: Dec 20, 2010 20:42:13 GMT -5
Posts: 3,763
|
Post by Politically_Incorrect12 on Jan 3, 2013 3:20:32 GMT -5
Wanna bet? The Republicans caved and npothing will happen to spending. There will be other tax increases this year-and it will be the middle class that takes it this time. no way. i think that making the middle class tax cut "permanent" and adding taxes to SS is a real possibility, tho. SS is probably going to have the age of eligibility, along with taxes increased. Medicare probably isn't far behind....and people complained that privatizing a portion was out of the question because of how "risky" the market is over the long run. Of course they seem to be fine with making people pay more for less in return as long as the government does it because it's "safe."
|
|
Driftr
Senior Member
Joined: Mar 10, 2011 13:08:15 GMT -5
Posts: 3,478
|
Post by Driftr on Jan 3, 2013 12:01:33 GMT -5
There was no cave on spending, they extended the time period till automatic cuts happen for two months, they either have a spending deal, or the automatic ones go into effect then... Funny thing is, that's what was supposed to have already happened. What do you think the odds are that the spending cuts already agreed to will be used by the Ds to get the next debt limit increase? See, the Rs just played right into their hands because there should have been a new round of cuts to accompany this next debt limit increase. But because the Rs are gutless wonders there won't be a second round of cuts. I'll be amazed if there is even a full 1st set of cuts.
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,233
Mini-Profile Background: {"image":"","color":"000307"}
|
Post by djAdvocate on Jan 3, 2013 13:30:26 GMT -5
no way. i think that making the middle class tax cut "permanent" and adding taxes to SS is a real possibility, tho. SS is probably going to have the age of eligibility, along with taxes increased. Medicare probably isn't far behind....and people complained that privatizing a portion was out of the question because of how "risky" the market is over the long run. Of course they seem to be fine with making people pay more for less in return as long as the government does it because it's "safe." not sure i agree with the last statement, but i agree with the rest.
|
|
Politically_Incorrect12
Senior Member
With a little faith, we can move a mountain; with a little help, we can change the world.
Joined: Dec 20, 2010 20:42:13 GMT -5
Posts: 3,763
|
Post by Politically_Incorrect12 on Jan 3, 2013 14:39:28 GMT -5
In spite of the fact that the republicans claim that liberals will take the tax increase, and never agree to significant spending cuts, I maintain that, as soon as this deal is finalized, I have no problem with their taking a hatchet and chopping away. But ACA, Medicare, and SS., other than reasonable adjustments, are off limits, in my book. There are plenty of programs that can be reduced by 10 to 15%, and I would not lose a moment of sleep over it. So spending cuts, as long as it's not the programs you want....and we wonder why agreements can't be reached.
|
|
Politically_Incorrect12
Senior Member
With a little faith, we can move a mountain; with a little help, we can change the world.
Joined: Dec 20, 2010 20:42:13 GMT -5
Posts: 3,763
|
Post by Politically_Incorrect12 on Jan 3, 2013 14:41:14 GMT -5
There was no cave on spending, they extended the time period till automatic cuts happen for two months, they either have a spending deal, or the automatic ones go into effect then... Funny thing is, that's what was supposed to have already happened. What do you think the odds are that the spending cuts already agreed to will be used by the Ds to get the next debt limit increase? See, the Rs just played right into their hands because there should have been a new round of cuts to accompany this next debt limit increase. But because the Rs are gutless wonders there won't be a second round of cuts. I'll be amazed if there is even a full 1st set of cuts. Ding, ding, ding...and then Dems will complain that they offered cuts, but Republicans didn't want to compromise.
|
|
djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,233
Mini-Profile Background: {"image":"","color":"000307"}
|
Post by djAdvocate on Jan 3, 2013 14:44:42 GMT -5
There was no cave on spending, they extended the time period till automatic cuts happen for two months, they either have a spending deal, or the automatic ones go into effect then... Funny thing is, that's what was supposed to have already happened. What do you think the odds are that the spending cuts already agreed to will be used by the Ds to get the next debt limit increase? 100%. it is the ONLY card they have left to play, Driftr. of COURSE they will play it.See, the Rs just played right into their hands because there should have been a new round of cuts to accompany this next debt limit increase. But because the Rs are gutless wonders there won't be a second round of cuts. I'll be amazed if there is even a full 1st set of cuts. i totally agree. this particular aspect of the compromise was very bad for the GOP and the country. the end result will be that the amount of cuts will PROBABLY not match the amount of revenue increases. Boehner is probably wishing that he had taken the 1:3 deal that Obama presented him prior to the last debt ceiling increase.
|
|
vandalshandle
Senior Member
Never give a sucker an even break, or smarten up a chump...
Joined: Oct 12, 2011 20:34:13 GMT -5
Posts: 3,005
|
Post by vandalshandle on Jan 3, 2013 14:50:42 GMT -5
In spite of the fact that the republicans claim that liberals will take the tax increase, and never agree to significant spending cuts, I maintain that, as soon as this deal is finalized, I have no problem with their taking a hatchet and chopping away. But ACA, Medicare, and SS., other than reasonable adjustments, are off limits, in my book. There are plenty of programs that can be reduced by 10 to 15% and I would not lose a moment of sleep over it. So spending cuts, as long as it's not the programs you want....and we wonder why agreements can't be reached. No, Of course you are right, PC. I should have said, "As long as the programs that PC wants not to be cut (maybe, for example, beefing up border security and deporting immigrants, maintaining present defense spending, and continued petroleum industry subsidies), then everything is OK with me!"
|
|
|
Post by Savoir Faire-Demogague in NJ on Jan 3, 2013 14:57:17 GMT -5
No, Of course you are right, PC. I should have said, "As long as the programs that PC wants not to be cut (maybe, for example, beefing up border security and deporting immigrants, maintaining present defense spending, and continued petroleum industry subsidies), then everything is OK with me!" Defense spending is insignificant compared to the entitlement menu(SS, Medicare, Medicaid, etc). Defense spending has essentially plateaued while entitlement spending is growing at a logarithmic rate. Sources: Bureau of Economic Analysis, US Department of Labor, Bureau of Labor Statistics, consumer price index
|
|
|
Post by Savoir Faire-Demogague in NJ on Jan 3, 2013 14:58:34 GMT -5
Sources: White House Office of Management and Budget, Historical Tables, Table 3.2 and Bureau of Economic Analysis
|
|
Politically_Incorrect12
Senior Member
With a little faith, we can move a mountain; with a little help, we can change the world.
Joined: Dec 20, 2010 20:42:13 GMT -5
Posts: 3,763
|
Post by Politically_Incorrect12 on Jan 3, 2013 20:03:12 GMT -5
So spending cuts, as long as it's not the programs you want....and we wonder why agreements can't be reached. No, Of course you are right, PC. I should have said, "As long as the programs that PC wants not to be cut (maybe, for example, beefing up border security and deporting immigrants, maintaining present defense spending, and continued petroleum industry subsidies), then everything is OK with me!" Your the one who said that spending cuts are fine as long as the ones you mentioned were off the table.
|
|