GayPatriot

Comments

RSS feed for comments on this post.

The URI to TrackBack this entry is: http://www.gaypatriot.net/2012/11/06/once-again-what-is-obamas-plan-to-deal-with-the-debt/trackback/

  1. “…instead of trying to work with Republicans who have put forward ideas on how to cut the budget”

    It seems to me that Taxes + spending cuts are the way to go. This is what I think the Dems will propose. So the question is, will Republicans work with Dems on coupling Spending Cuts with Tax Increases?

    Comment by mike — November 6, 2012 @ 1:55 am - November 6, 2012

  2. How about just cutting spending and leaving taxes where they are until the deficit goes away. Then cut taxes. Taking more and more of my money hasn’t helped these last few years so why would you think taking even more would would be any different? STOP. SPENDING. And stop stealing my money and sending it to countries who want to kill me and mine.

    Comment by Lobogris — November 6, 2012 @ 8:12 am - November 6, 2012

  3. “You are right to say we’re not coming before you today to say ‘we have a definitive solution to that long term problem.’ What we do know is, we don’t like yours.” — Secretary of the Treasury Tim Geithner

    That’s what I tell everybody who asks me why I won’t vote for Obama. A president who appoints a known tax cheat as treasury secretary and then sends him to congress to explicitly state that not only does the administration not have a plan to deal with long-term debt but will openly bash any such plan that is put on the table, is clearly not serious about dealing with the economy.

    Aside from national security, nothing but the economy matters in this national election. Regardless of how you feel about marriage equality, access to abortion, the great Muppet crisis or any other issue, the US is broke. There will come a tipping point when nobody will continue to loan us money to finance our government giveaways. When we reach that point, there won’t be any way for the feds to pay for your surviving spouse social security benefits or to pay IRS agents to force Catholic schools to hand out “free” birth control. And the current president has admitted through his proxies that he his only plan to forestall that tipping point is to attack plans put forth by his political enemies. It’s an indictment of the seriousness of the electorate that this election has ever even appeared to be anything other than a GOP blowout.

    Comment by AndyN — November 6, 2012 @ 8:56 am - November 6, 2012

  4. Still blaming Bush even after telling Jay Leno at the dawn of his administration “was “trying to break is a pattern in Washington where everybody is always looking for somebody else to blame.”

    Obama ran as the Left’s fantasy of the people they *wish* they were… as opposed to the people they are.

    Obama is still trying to run that way, but the mask is getting very thin.

    Comment by ILoveCapitalism — November 6, 2012 @ 8:59 am - November 6, 2012

  5. His plan to deal with the debt is to increase it.

    Comment by Az Mo in NYC — November 6, 2012 @ 9:09 am - November 6, 2012

  6. Mike – The answer to your question is, I sincerely hope not. Long historical experience has taught us that when democrats say they’ll cut spending if the GOP agrees to raise taxes, the tax increases happen but the spending cuts never do.

    Here’s the only concession I’d be willing to make. The CBO generates projections of what next year’s federal spending will be (let’s call this A), as well as projections of expected revenue (let’s call this B). If asked, they’ll also generate projections for any increases in revenue that will come from proposed tax increases (let’s call this C). If the democrats are willing to actually institute up front spending cuts so that (B + C) – A = 0, I wouldn’t object to the GOP agreeing to those tax increases.

    The GOP won’t work with the democrats to couple spending cuts with tax increases because the democrats have no intention of bargaining in good faith.

    Comment by AndyN — November 6, 2012 @ 9:11 am - November 6, 2012

  7. [...] Gay Patriot wonders what Obama’s plan is to deal with the debt [...]

    Pingback by Election Day Special Sticky Post: If All You See… » Pirate's Cove — November 6, 2012 @ 9:17 am - November 6, 2012

  8. @AndyN

    Personally I’d love to see the “We cut spending NOW, then phase in Tax increses (without spending increases) over the next 4 years.” Let them chew on that.

    Comment by The_Livewire — November 6, 2012 @ 9:45 am - November 6, 2012

  9. Obama ran as the Left’s fantasy of the people they *wish* they were… as opposed to the people they are.

    I would also add that Obama put together a campaign that was empty of fact so that suckers drawn in by his rhetoric could simply project whatever the heck they wanted onto him so he would be their candidate. The reality of course was that Obama couldn’t be what everyone projected onto him (some of those things were in conflict) and the real Obama was left exposed.

    As for the budget-I admit I actually like Romney’s idea of capping deductions. The reality is that most wealthy people avoid taxes through deductions. They hire clever accountants who legally work the tax code to lower their tax burden. I like the idea of once you hit a certain amount of income, it doesn’t matter what clever manipulations you use, you don’t get to deduct anymore from your tax burden.

    I am also not 100% opposed to raising taxes, I am just not convinced raising taxes is the answer and congress is prone to raising taxes but spending more than they raise-the increases have to be off set by cuts even if some of the cuts are painful.

    Comment by Just Me — November 6, 2012 @ 10:23 am - November 6, 2012

  10. It seems to me that Taxes Now + an insincere promise of spending cuts way, way, way in the future are the way to go. This is what I think the Dems will propose because that’s the bait and switch they always pull.

    Fixed it for you.

    Comment by V the K — November 6, 2012 @ 11:05 am - November 6, 2012

  11. Barack Obama wants to increase the debt & deficit to turn America into Europe. He’s never been serious about deficit reduction; see #ObamaTax, #Porkulus & #DoddFrank.

    Comment by Sebastian Shaw — November 6, 2012 @ 11:53 am - November 6, 2012

  12. If you look at it from the perspective of the current presidential to the one just prior to it, the national debt has risen only 2.8 trillion in this term as opposed to 3.9 trillion in the last one. That means that while the debt still grew, it grew at a slower rate by 1.1 trillion so far. Regardless of who is president and their party affiliation, this is means things are getting better.

    In a broader scale, looking at the last 2-term presidents, from 93-01, the ND only increased by 1.428 trillion, whereas from 01-09, the debt increased by 6.106 trillion. This was a rate 4 times higher than the previous 8 year period and, even in adjusted dollars, the most dramatic increase on record.

    I suspect this how this site would portray it if the presidential parties from 93 to 09 was republican-democrat-republican, instead of the other way around.

    Comment by Kevin — November 6, 2012 @ 4:58 pm - November 6, 2012

  13. It seems to me that Taxes + spending cuts are the way to go.

    Laffer curve.

    Comment by Rattlesnake — November 6, 2012 @ 5:10 pm - November 6, 2012

  14. If you look at it from the perspective of the current presidential to the one just prior to it, the national debt has risen only 2.8 trillion in this term as opposed to 3.9 trillion in the last one. That means that while the debt still grew, it grew at a slower rate by 1.1 trillion so far. Regardless of who is president and their party affiliation, this is means things are getting better.

    Comment by Kevin — November 6, 2012 @ 4:58 pm – November 6, 2012

    Problem is, Kevin, I already dealt with your malicious lies about the deficit elsewhere.

    Let’s re-post the facts for reference.

    The National Debt has now increased more during President Obama’s three years and two months in office than it did during 8 years of the George W. Bush presidency.

    The Debt rose $4.899 trillion during the two terms of the Bush presidency. It has now gone up $4.939 trillion since President Obama took office.

    The latest posting from the Bureau of Public Debt at the Treasury Department shows the National Debt now stands at $15.566 trillion. It was $10.626 trillion on President Bush’s last day in office, which coincided with President Obama’s first day.

    So frankly, you’re just plain lying now. You are making things up, and you’re doing it out of utter hate, contempt, and malice.

    You are a liar, Kevin. You constantly lie about Republicans. You and your fellow Barack Obama supporters are nothing but lying filth who will say and do anything to get your hands on power.

    Are you even capable of telling the truth? Is your sexual orientation what makes you such a pathological liar? Are gays and lesbians pathological liars, or is it your choice that you maliciously lie for Obama?

    Comment by North Dallas Thirty — November 6, 2012 @ 5:51 pm - November 6, 2012

  15. Kevin likes to live in the echo chamber. He periodically makes the mistake of thinking what he heard there was true.

    Comment by ILoveCapitalism — November 6, 2012 @ 8:25 pm - November 6, 2012

Leave a comment

Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

**Note: Your first comment is held for moderation. Avoid profanity, avoid personal attacks on fellow commenters, and avoid complaining about personal attacks (even on you). Feel free to disagree with anyone, but focus on their ideas; give us the information that you think they overlooked.**


Live preview of comment

Close this window.

1.055 Powered by Wordpress