Liberal plan for fiscal cliff revealed

Squirming?

Not quite! Gloating maybe. . .
But you know about gloating, right? You and your kind did enough of it while you were basking in your Fox induced collective delusions!

 

Defense cuts, $600 billion worth coming in January.

 

What astounds me is the collective ignorance of both political parties towards basic fiscal policy. Wall Street recognizes that the best growth policy and deficit/debt reduction policy framework is a grand bargain, one where tax cuts, spending increases, spending cuts, and tax increases are actively triggered to begin and end. For our corporate leaders, it is not about what fiscal policies we enact, but when each should go into effect.

 

Meh. Your so-called "liberal" solution leaves me entirely unimpressed.

 

what is your problem with $250 K ?

Do you not see the relative differences ? 50,000 v 250,000 250,000 v 25,000,000,000

Your obsession with guys that make a few hundred grand more than you is nothing but jealousy and resentment.
You benefited from the spending just as much as anybody. Why are you not volunteering to take up your tax rates too ?

 

You mean like the Cons that have stated openly that they hope America fails so they can take over?

What some seem to not understand is that each side presents their proposal and then they sit down and compromise to get the best deal for all. The key word is Compromise, both sides better learn what it means.

 

For the record, this liberal thinks the $250k threshold is bollocks. It should be $1 mil+ and nothing lower.

 

I'm afraid so. The purpose of the cliff was to act as an incentive for congress to reduce the size of government. Congress failed. The consequence is at hand. I think we should dive over the cliff as well. At least it is tiny beginning to cutting the size of government.

 

As long as we get some reduction in the size of government, then that's fine.

 

The cons had six years to cut the size of government when they had control of the White House, the Senate and the House of Representatives, from 2001 to 2007. And all they did was double the national debt, start a stupid war in Iraq, and destroy the economy.

 

Sad but true. We've been riding a cushion called 16T. That can float a whole country pretty high. It is a long fall to the bottom. 82 has a sig line that reads something about how if there be trouble let it be now so that my children will be spared.

Our country has a strong need for greed. When we take our debt to the heights of 16T we are only gifting it to our children. Who in their right mind would shackle their own in such a way? Who thinks they are more important than their children and that it is better to get what you want now so that others can pay for it? Who among us is so short sighted that nothing matters except the immediate need?

After WWII our parents dug deep to give the next generation more than they had. That next generation became dependent on having more and the next generation are worse still. What happened to handing our country to the next generation fully intact, fully funded and a strong foundation from which they can build their future upon?

We have gone so wrong that it cannot continue and ever be called the United States of America.

 

Considering that since 2001, ten trillion dollars has been given to millionaires with the Shrub tax cuts. Having a $6 trillion national debt instead of a $16 trillion national debt, would go a long way to solving our problems. Who's more able to pay off the debt, millionaires and billionaires, or you?

 

Republican spending can be just as bad as Democrats. Wars do account for some it. And I'm no fan of government subsidies, corporate welfare or personal welfare. But you can't lay at the feet of Republicans the Democrat move to require banks to make government backed loans to people who could never pay for it. That has to be the single most idiotic thing government ever did and by doing so not only ruined a perfectly good stable real estate market, but set the stage for the greatest amount of government spending ever including bailouts, Stimulus and QE.

 

It was republican deregulation of banks that lead to all those bad loans.

 

Oh...you mean those automatic cuts republicans agreed to? Well, cons want to cut, cut, cut, so.....let's have at it!

 

I don't think many believe raising taxes on the rich will solve all our problems. It is just 1 of many steps needed to remedy the budget imbalance.

 

Every american in their home. 200-2006
Deregulation further of the mortgage banking industry when the boom was going into full gear. Instead of regulations making the reckless lenders and MBS folks reign in their financial engineering they encouraged more of it.

Not entirely on the R's as this was in the making far longer than 2000-2006.

 

Good question.
Military for sure.
Lets hope for much more across the board. Most of the fed gov't should be touched.

 

As if it hadn't been talked about at nauseum!

Some cut in the military spending
Heavy cuts in corporate welfare
Heavy cuts in every area of social welfare where there is FRAUD and WASTE
Cuts in goverment pay roll (which has already been happening for the last 2 years and is one of the reason the unemployment rate is not going down as fast as it should)
Cut in somes assistance to other countries (including, but not limited, our fostering of Israel)

So. . . What increase in revenues are you willing to allow to balance this? And I mean NOW, not IF or WHEN the economy (which is obviously dependent on the world economy as well) recovers and the GDP miracously recovers enough to provide pain free revenue increase.

 

Considering that Fannie And Freddie are the biggest players in the Mortgage industry, and since they were exempted from most regulations imposed upon the banks, I dont see how deregulation is responsible.

 

That's right. That's why they need to be forced to do it. I'm just agreeing with your OP. No need to fight me about it.

 

Thank-you for correcting with the truth-but here again is part of the problem-the GOP sucks us dry,then turns around to spin that it is all the Dems fault-the lie gets repeated on Fox again & again until the GOP supporters take it as gospel-it then gets repeated here on the forum by the GOPBAGGERS(because they think they are right-but without fact checking)& the name calling begins when they are confronted with the truth--
The GOP supporters should have learned a big lesson after this election-they can no longer rely on Fox,Karl rove,Rush,& especially Newt-
A question was asked of a Romney top aide on MSNBC a couple of weeks before the election-the question was " Do you think data driven results are more acurate on voter turnout or the emthusiasm that you are seeing on the stump" The answer was " The GOP doesn't squeeze the data fruit for that juice" in other words they were not concerned with what the data would have told them,because to them it didn't matter,because they were relying on the money boys to buy the election.
On the other hand,we had on OBAMA campaign field organizer working out of our Democratic Headquaters here in Nevada-this guy logged countless hours plugging in & reading data-he knew exactly what needed to be done & when-it was so well organized that this election was more fun than any other I have worked on-so,I guess I understand a bit why the GOP are still standing there with an open mouthed "WHAT HAPPENED"gasp.They had all the money in the world to hire experts,they didn't spend the billionaires money wisely-& that alone should tell the GOP supporters alot-Think they (GOP)will get it?

 

Link??
Don't just pick out 1 or 2 yrs, show their market share over a decade or more.
And if what you say is true, it is not, then why didn't the R's reign them in. Oh ya, 2 guys, frank and dodd, stopped the whole party in their tracks. LOLOLOLOLOLOL

 

And always has been. There is not a bit of difference between the two parties' lust for power. It's our fault for rewarding them for their limitless spending. We should be voting them out of office. It's our fault. We deserve what's coming.

 

It's the banks that make the loans, then they bundled them and sold them to Fannie and Freddie. Fannie and Freddie had no idea the banks were bundling bad loans until the collapse of the real estate market.