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Time to sign on the dotted line. Boehner's heralded plan does not reduce the dept as much as he's stated. So, what's his options: 1). Cut more spending 2). Compromise
Fairly easy answer since congress and the President will not sign what's out there now. Polls also show that the majority of the people want compromise. If he does not compromise he can kiss his job as speaker goodbye (which might happen anyways, but at least he did the right thing).
This ordeal has been good. It has made cuts in the programs which would not have been made. When has that ever happened before?
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Polls also show that the majority of the people want compromise.
In case anyone disagrees with you: Not only do they want compromise, they want a combination of tax increase and spending cut.
An ABC/Washington Post poll released Tuesday indicates that more than six in ten Americans say any agreement on the deficit needs to include a combination of spending cuts and new taxes. According to the survey, large majorities of Democrats and independent voters support the combined approach, with nearly half of Republicans also in agreement.
An NBC/Wall Street Journal poll also out Tuesday indicates that 58 percent of Americans support the president's proposal, which would reduce the federal deficit by $4 trillion dollars over the next decade by cutting federal spending, increasing taxes on corporations and the wealthy, and reducing the level of spending on Medicare. Thirty-six percent of those questioned say they support a proposal by Republicans in Congress which would reduce the Federal deficit by $2.5 trillion over the next decade by cutting Federal spending and would not raise taxes on corporations or the wealthy.
A CBS News poll released Monday indicates that two-thirds of Americans say any agreement should include spending cuts and tax increases, with 28 percent saying a deal should only include spending cuts and 3 percent saying it should only include tax increases. According to the survey, there is little partisan divide on the question. More than seven out of ten Democrats and more than two-thirds of independent voters support a balanced approach, as do 55 percent of Republicans and 53 percent of self-described tea party movement supporters.
A Quinnipiac University poll released last week had similar findings. The survey indicated that two-thirds of the public supported a deal that included spending cuts as well as tax increases for wealthy Americans and corporations. Nearly nine out of ten Democrats and two-thirds of independents questioned supported the inclusion of tax increases. Republicans in that poll were divided on the issue.
A Gallup poll Monday asked a different question, but also suggests that Americans want compromise. According to the survey, two-thirds say the people who represent them in government should agree to a compromise plan to raise the debt ceiling, even if it's a proposal with which they disagree. Only 27 percent say they would like their federal lawmaker to hold out for the basic plan they want, even if the debt ceiling is not raised by the deadline. According to the poll, 72 percent of independents, 69 percent of Democrats and 57 percent of Republicans say their lawmaker should agree to a compromise plan.
First of all "compromise" what? What's the plan? Where are the details? The use of extremely generic, dumb down, popular target terms like "compromise", "balanced approach", "shared sacrafice, and the most useless "$x cuts" don't tell us anything. It's like asking someone if they want public parks, kids educated, and criminals put in jail. Who doesn't? It's how you plan to provide each that is important. We need specifics people. It's impossible to support one side, or another, without knowing what their specific plan is. So far I haven't seen anything of substance from either side. Zippo.
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
But none of those polled want ANY tax increases upon our middle class. So let us establish that any....ANY tax increase (in any form) upon the middle class is unacceptable to Americans.
Thank you!
Quote:
Originally Posted by Mrs.PatsFanInVa
In case anyone disagrees with you: Not only do they want compromise, they want a combination of tax increase and spending cut.
An ABC/Washington Post poll released Tuesday indicates that more than six in ten Americans say any agreement on the deficit needs to include a combination of spending cuts and new taxes. According to the survey, large majorities of Democrats and independent voters support the combined approach, with nearly half of Republicans also in agreement.
An NBC/Wall Street Journal poll also out Tuesday indicates that 58 percent of Americans support the president's proposal, which would reduce the federal deficit by $4 trillion dollars over the next decade by cutting federal spending, increasing taxes on corporations and the wealthy, and reducing the level of spending on Medicare. Thirty-six percent of those questioned say they support a proposal by Republicans in Congress which would reduce the Federal deficit by $2.5 trillion over the next decade by cutting Federal spending and would not raise taxes on corporations or the wealthy.
A CBS News poll released Monday indicates that two-thirds of Americans say any agreement should include spending cuts and tax increases, with 28 percent saying a deal should only include spending cuts and 3 percent saying it should only include tax increases. According to the survey, there is little partisan divide on the question. More than seven out of ten Democrats and more than two-thirds of independent voters support a balanced approach, as do 55 percent of Republicans and 53 percent of self-described tea party movement supporters.
A Quinnipiac University poll released last week had similar findings. The survey indicated that two-thirds of the public supported a deal that included spending cuts as well as tax increases for wealthy Americans and corporations. Nearly nine out of ten Democrats and two-thirds of independents questioned supported the inclusion of tax increases. Republicans in that poll were divided on the issue.
A Gallup poll Monday asked a different question, but also suggests that Americans want compromise. According to the survey, two-thirds say the people who represent them in government should agree to a compromise plan to raise the debt ceiling, even if it's a proposal with which they disagree. Only 27 percent say they would like their federal lawmaker to hold out for the basic plan they want, even if the debt ceiling is not raised by the deadline. According to the poll, 72 percent of independents, 69 percent of Democrats and 57 percent of Republicans say their lawmaker should agree to a compromise plan.
First of all "compromise" what? What's the plan? Where are the details? The use of extremely generic, dumb down, popular target terms like "compromise", "balanced approach", "shared sacrafice, and the most useless "$x cuts" don't tell us anything. It's like asking someone if they want public parks, kids educated, and criminals put in jail. Who doesn't? It's how you plan to provide each that is important. We need specifics people. It's impossible to support one side, or another, without knowing what their specific plan is. So far I haven't seen anything of substance from either side. Zippo.
Here is a fact no one can deny or debate....
At some point soon, our spending MUST match our revenues...end of story.
So these idiots can use all the buzz words they want and talk a talk without walking any walk...but they WILL have to face this fact soon.
Here's the FACTS:
We spend much more than we collect in tax revenues
We borrow money to pay our debt
Our credit rating WILL be lowered
No country will be able to spend more than it collects
Middle class Americans can't and won't pay any more taxes
Make your proposal based upon the above FACTS A-Holes!
__________________ "No one walking this earth knows what is truly righteous"
But none of those polled want ANY tax increases upon our middle class. So let us establish that any....ANY tax increase (in any form) upon the middle class is unacceptable to Americans.
Thank you!
Was not aware the middle class tax increases were part of any discussion.. just the loopholes created in 2001.
__________________ "Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.
Was not aware the middle class tax increases were part of any discussion.. just the loopholes created in 2001.
You're right Darryl...it's not part of the discussion.....YET.
But we also know that closing loopholes & increasing taxes upon the wealthy won't be enough. You just wait...I'd bet money that within 3 years our federal gov't will "Try" to increase taxes upon the middle class.
Maybe by saying something like "We're only going to raise taxes on individuals making $140k or more...but it will happen. They'll allow the "Above $250k" to become "above $200k" and then lower it again.
I don't have a lot of trust in our gov't. Never have...
__________________ "No one walking this earth knows what is truly righteous"
You're right Darryl...it's not part of the discussion.....YET.
But we also know that closing loopholes & increasing taxes upon the wealthy won't be enough. You just wait...I'd bet money that within 3 years our federal gov't will "Try" to increase taxes upon the middle class.
Maybe by saying something like "We're only going to raise taxes on individuals making $140k or more...but it will happen. They'll allow the "Above $250k" to become "above $200k" and then lower it again.
I don't have a lot of trust in our gov't. Never have...
What is the sense of speculating?? All you can do is live in the present, which has turned into a circus..
__________________ "Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.
So after all the brinksmanship, negotiating and horse-trading what do we get? A reduction of a trillion dollars over the next ten years (only a few billion next year):
Overall Budgetary Impact of the Legislation
In total, if appropriations in the next 10 years are equal to the caps on discretionary
spending and the maximum amount of funding is provided for the program integrity
initiatives, CBO estimates that the legislation would reduce budget deficits by about
$850 billion between 2012 and 2021 relative to CBO’s March 2011 baseline adjusted for
subsequent appropriation action (see Table 3). Savings in discretionary spending would
amount to about $695 billion, mandatory spending would be reduced by $20 billion, and
the savings in interest on the public debt because of the lower deficits would come to
about $135 billion. (CBO’s cost estimates for legislation do not ordinarily include effects
on debt service costs, but CBO provides such estimates, when requested, for broad
budget plans.)
As requested, CBO has also calculated the net budgetary impact if discretionary savings
are measured relative to its January baseline projections. Relative to that baseline, CBO
estimates that the legislation would reduce budget deficits by about $1.1 trillion between
2012 and 2021. Savings in discretionary spending would amount to about $875 billion,
mandatory spending would be reduced by $20 billion, and the savings in interest on the
public debt because of the lower deficits would come to about $175 billion.
That leaves now. And, in terms of spending now now now, the entire political class has made itself a global laughingstock. A month of shuttling back and forth between the Capitol and the White House for “a real, enforceable cut” of $1-7 billion? Boehner might as well have gone to the Turks & Caicos for July and worked on his tan.
Time to Sign: Congress
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