The Brandon Five

"You know, I do believe this ship may sink." - Spicer Lovejoy in Titanic

NationalJournal.com - CBO Says Budget Deal Will Cut Spending by Only $352 Million - Wednesday, April 13, 2011

Coupled with the performance this afternoon by the POTUS, I am beginning to lose hope.

Patriot_in_NY

More kabuki theater......... This time from the repubs....

patsfan13

Watch to see if the 'Tea Party' congresspersons vote against this joke.


Boehner is a clown along with Cantor.


Obama and his 'plan' is business as usual and is a disaster for the country. Wonder if he is smart enough to know this or is he really stupid?

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

JackBauer

Nice. The Republicans really got punked.

Obama's plan, while not perfect, is still head-and-shoulders about Ryan's "plan." And by "plan" I mean Grover Norquist's wet dream. Glad to see the POTUS telling it like it is yesterday.

patsfan13

Agree Boehner got punked, concerning since the country is in trouble due to overwhelming debt not sure how Obama's more of the same/smoke and mirrors game er plan is better than Ryan. Obama's plan guarantees disaster.

Of course when he took he said that the debt would e halved in 2 years, epic fail there and of course the employment picture painted when he took office has been shown to be a massive failure.

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

JackBauer

At least Obama is intellectually honest enough to admit that taxes are needed in addition to spending cuts to close the gap.

Meanwhile Ryan simply cuts costs by shifting them to the consumer (Medicare) or the states (Medicaid), all so that he can cut taxes even more for the wealthiest Americans.

As Obama said, Ryan's plan is not serious. It's simply a vehicle for enacting the Republican's vision for America. Which is not the America that we know and cherish.

patsfan13

He is talking about raising rates not the same as raising revenues. Neither on you seem to understand the difference. He is not honest enough to admit the programs cannot continue as they are or that his Obamacare plan will will explode the deficit.

BY the way if he is so concerned about the deficit and debt why did he outline a roadmap to congress a couple of months ago that promised 1T+ debts as far as the eye can see.

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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

JackBauer

Allowing the Bush tax cuts to expire on the top earners will raise revenues. I'm not even sure what you're arguing here.

One more time in English, please?

You might have a point if Obama's plan were, in fact, to allow the programs to continue as they are.

According to whom?

1T+ debts? Do you mean deficits?

Even Ryan's plan increases the deficits for ~10 years. Fact is, this gap isn't getting closed anytime soon.

The "debt crisis" itself is a bit overstated, at least in terms of what is actually necessary to ameliorate the situation.

patsfan13

No people (ie 'the rich') will defer income and move their assets into non taxable investment. If there is less $$$$$ abailable for investment there is less economic growth. Smaller economy = less revenue.



Sure the economy isn't a linear system. If you double tax rates you don't double income. Because the amount of money the government takes from individuals affects their economic behavior. If you taxed the rich at 100% do you think they would continue to work and earn $$$$ to turn it all over to the government?

As an example. When the capital gains tax rates were dropped by Bush (and in other cases when cap gains rates were lowered) the amount of revenue increased because choose to take the capital gains and reinvest them.



Both the deficits add to the debt. We are on track to have a debt >100% of GDP, with unfunded liabilities of over 130T (~ twice the assets of the USA public and private).




Sadly after the Pelosi/Reid spending binge you are correct. For fy2006 the last year before the dems took congress and Pelosi became speaker the deficit deficit was 160B way too much IMO, last month the deficit 188B, in Feb we ran a 226B deficit.


The dems have been a total disaster and it ain't getting any better.

More of the same is going to fail.

__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."

patsfan13

BTW Jack when the Fed has to raise interest rates (check the failures of the last few Fed Bond auctions) see what happens to the deficit and debt when the higher rates hit the interest payments on the debt. We are screwed.

__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."