Obama On Deficit Meeting With Congressional Leaders: ‘Nothing Is Agreed To, Until Everything Is Agreed To’

What he’s trying to do now is to throw the Democrats in Congress under the bus, and triangulate with Republicans to secure his own re-election.
That’s what it’s all about.

Gee! He sounds like Senator Sessions yesterday….except he avoids language that says exactly WHERE cuts will happen, but that the “pain” will be everywhere.

O. Shagnasty how do you figure?

Oliver how do you figure?
Posted by: justayreal74 | Jul 7, 2011 2:24:56 PM
*********************************
This gambit is an appeal to centrists. His poll numbers are back in the category where he could either win or lose. He now has to try to appeal to centrists while also motivating his base to vote.
That’s a tough act, even for the World’s Greatest Orator, but it’ll be interesting to see if he pulls it off.

give a man a fish and he will eat for a day, teach him to fish and he will eat for life. if he refuses to fish send him down the road.

Last night I listened to a typical call-in show on San Francisco’s KGO, a left wing station in one of the most left wing cities in the country. The callers were uniformly livid at Obama.
Just now The Hill blogs that
“Rep. Allen West (R-Fla.) praised President Obama Thursday for reportedly considering cuts to Medicare and Social Security as part of a deal to raise the debt ceiling…”
I rest my case.

“Unemployment, as measured by Gallup without seasonal adjustment, is at 8.7% at the end of June — similar to the 8.9% in mid-June, but down from 9.2% at the end of May.”
Continued progress . . .
Posted by: Dana | Jul 7, 2011 2:37:29 PM
Oh yes, and there’ll be some great housing bargain for those extra few tenths of people asking “Do you want fries with that?” since the housing market is still tanking.
Posted by: Oliver Shagnasty | Jul 7, 2011 2:45:38 PM
Again, the Republican right takes good economic news, as bad news . .. why? Take a good guess.
Your housing concerns must remind you of Bush’s Dream Downpayment Initiative . . . a dream indeed . ..
“President Bush announced an Administration effort to increase home ownership rates among African Americans and Hispanics by 5.5 million by 2010.
The plan would provide down payment assistance to 40,000 minority homebuyers each year.
“Bush’s plan would be closely tied to some $440 million in minority loan programs offered by Fannie Mae and Freddie Mac. President Bush commended Fannie Mae and Freddie Mac’s efforts . . .”
Now there’s a good idea . . .

Oh, and my previous post of course should read “Democrat majority.”
Sorry to appear as if I was denying them the credit.

Yo Shagnasty, found this at Daily Kos. But please note, that website is run by right wingers…
“The White House is likely to hear an earful from Congressional Democrats on President Obama’s plan to drag Social Security into the deficit cutting mix. The Hill reviews past statements from Senate Majority Leader Harry Reid and House Democratic leader Nancy Pelosi on Social Security”

Who knows why Gallup figures their own unemployment rates. For Historical comparisons there is only one – and that is from the US Bureau of Labor Statistics.
Anyway, it turns out that McDonald’s hired 60,000 after getting their Obamacare waiver.
Another interesting number that the MSM is really quiet about: The WH own economists announce the stimulus cost $278,000 per job created. Of course the Prez denies the simple math involved.

-The solution to the problem is simple. The Republicans just don’t understand 3 simple words. STOP THE WARS. Kids today think we have always been at war. Sickness.-
I am glad you have ignored Libya, Brother.

The WH own economists announce the stimulus cost $278,000 per job created. Of course the Prez denies the simple math involved.
Posted by: n’erdowell | Jul 7, 203:16:43 PM
Nothing of the sort took place. That is what the right wingers pushed forward – and the figures are complete nonsense.
The stimulus included major infrastructure development and billions of dollars in associated costs. The stimulus also helped millions of people who lost their jobs under the Bush economic collapse simply survive – unemployment assistance, food stamps and such. Not that the right wing would care about real people.

“Not that the right wing would care about real people.”
Almost as uncaring as working with Republicans to cut SS!

“Even the chief architects of his economic screw-up have left (out the back door instead of taking bows) and will be writing books and making appearances as long as the liberals will tolerate them.”
Look how well Gore has done.

June wrote “It seems to me it’s called being willing to negotiate and ‘give and take’. Something apparently a lot the posters here (and the Republican party) are ignorant of “..
Well I am tired of the BS they are giving me and of them taking my paycheck from me…………I don’t want the pols doing anymore giving or taking…I’d like to see jail time for those involving in their giving and taking scams.

Dana: under Obama we still have all those things! LIKE: Almost a million jobs being lost every month, major banks and financial institutions defaulting and collapsing, business going bankrupt by the tens of thousands, millions of people losing their homes, the stock market crashing and crashed, MORE THAN two major American auto companies going into receivership, etc, etc, etc. Only we are $2 trillion dollars poorer! Wake up! None of those things managed and automakers like GM and Chrysler shed half their product lines only to take an interest free loan off us the taxpayers back (just like the banks) so they can continue to rob us via leasing and financing agreements and payments for their overpriced cars and banks gouge us for mortgage payments.

Dana | Jul 7, 2011 2:37:29 PM
——– I don’t want to burst your “continued progress” BS, but 1 month out of almost 3 years is not “continued progress”. And before you say I am taking good news and turning it to bad, please think about this since Obama took office: 3 wars, unemployment higher, economy anemic, no transparency, record debt and spending (which should give you an indication if w are at RECORD debtand SPENDING, we have a spending problem), no health care reform, more people on government assistance than ever and I can go on, but you get it. Sooner or later, Obama has to admit something, but according toyou, we have continued progress. We’ll be lucky to not have a DD recession at this point.

BernBerk | Jul 7, 2011 3:15:46 PM
— The CIC (Obama) can stop the wars anytime. Why are you attacking the GOP again when they only have the House? Obama started an illegal 3rd war HIMSELF and still hasn’t followed the law. You were saying?

Dave | Jul 7, 2011 3:25:33 PM
—-STIMULUS packages are meant to stimulate. This one did not according to the governments own economic indicators. Maybe it’s just a coincidence that the economy slows as the stimulus money dries up? You can’t buy yourself out of debt. It just doesn’t work that way.

Well that Obama is trying to throw me under the bus with his cuts in my social security and more cuts in medicare.
Didn’t he just cut 500 billion out of medicare for his healthcare plan?
We seniors are all doomed. Please feel free to email this to all your friends in AARP

I’m done with the democrats, they are not a real party anymore. how dare they want to kill us seniors

Dave | Jul 7, 2011 3:25:33 PM
—-STIMULUS packages are meant to stimulate. This one did not according to the governments own economic indicators.
Posted by: commonsenseparty | Jul 7, 2011 4:12:39 PM
“The nonpartisan CBO has confirmed that the Recovery Act delivered as promised, lowering the unemployment rate by as much as 2 percent, boosting GDP by as much as 4 percent and creating and saving as many as 3.6 million jobs.”
You want economic miracles, you’d better turn to Reagan – he managed to get the unemployment rate up over 10% at this point in his presidency – and it was above 10% for 10 straight months.
Also – the national debt almost tripled under Reagan’s administration. Some economic miracle.

Best comment so far at Firedoglake…
“We won, right? In 2008, we won. I’m sure of it. I mean didn’t we? Maybe I should check. We won the right to compromise, capitulate, kneel, beg, apologize, grovel, give up, surrender. It is happening before our very eyes, in our living room, at our workplace, on the street, in the skies, under the ground. It is all the victory of capitulation. The republicans could not have chosen a better time to be extremist in the face of historic democratic weakness. Faced with hard times, the democrats have simply abdicated any form of morality or responsibility. It is more than sad and depressing. It is tragic.”

The stock market REACTS to our economy, it is not an indicator of it.
Posted by: commonsenseparty | Jul 7, 2011 4:24:39 PM
You may not care that the stock market has nearly DOUBLED (DOUBLED!) since Obama’s policies began to take effect, but millions of American families and individuals have BENEFITED GREATLY from this.
You may not care that the unemployment rate has dropped from its high in October 2009, but millions of people who are working do.
You may not care that corportate profits are way up, but count on it – they do.
You do recall there was almost a complete economic meltdown just before Obama took office right?

“”"”You do recall there was almost a complete economic meltdown just before Obama took office right?”"”"”
Posted by: Dana
And what, you think the stimulus saved it? Pleae tell us what piece of legislation Obama signed that saved us?

Why was President Barack Obama in such a hurry to get his socialized medicine bill passed?
Posted by: billy bob | Jul 7, 2011 4:31:37 PM
Simple. Because it was a major part of the platform he campaigned on and a major plank of the Democratic party for years.

“You do recall there was almost a complete economic meltdown just before Obama took office right?”
And what, you think the stimulus saved it? Pleae tell us what piece of legislation Obama signed that saved us?
Posted by: commonsenseparty | Jul 7, 2011 4:36:50 PM
“The nonpartisan CBO has confirmed that the Recovery Act delivered as promised, lowering the unemployment rate by as much as 2 percent, boosting GDP by as much as 4 percent and creating and saving as many as 3.6 million jobs.”

The CBO figures are only as good as the information they get.
Posted by: commonsenseparty | Jul 7, 2011 4:40:32 PM
Yes, and the figures for the stock market nearly doubling are wrong too.
And the drop in the unemployment rate from its high in October 2009.
And the millions of jobs created, that’s wrong too.
And the increase in exports, wrong as well. Same with the manufacturing increases, that’s wrong as well.

Posted by: Tom Meyers | Jul 7, 2011 4:43:45 PM
Dear Tom,
Have you heard of the almost complete ecoomic collapse that occurred during George W. Bush’s administration? Check it out some time it was impressive.
Do you have any idea what kind of effect a major eonomic collapse has on the demands on a government, and on the revenues?
Check it out. It might help you understand a little better.

These are perilous times. Mrs. Hillary Clinton, our Secretary of State, has given Iran the go-ahead to have nuclear weapons, an unqualified betrayal of the nation. Now, we face a devastating loss of freedom at home in health care. It will be joined by controls on our lives to “protect us” from global warming, itself largely a fraud, if believed to be caused by man. She has also signed on to a Small Firearms Treaty at the U.N. This is a back door gun control move. This is approved by the Senate and a 2nd Amendment majority doesn’t exist in the Senate now. It will supersede all U.S. Law and the 2nd Amendment. All citizen possession will be eliminated through confiscation. Just Like Great Britain and Australia .

Why was President Barack Obama in such a hurry to get his socialized medicine bill passed?
Posted by: billy bob | Jul 7, 2011 4:31:37 PM
Simple. Because it was a major part of the platform he campaigned on and a major plank of the Democratic party for years.

Why was President Barack Obama in such a hurry to get his socialized medicine bill passed?
Posted by: billy bob | Jul 7, 2011 4:31:37 PM
Simple. Because it was a major part of the platform he campaigned on and a major plank of the Democratic party for years.
—And you fell for that??? Too funny.

So then why is the economy slowing to a crawl again? According to all of YOUR good news, we should be breaking out!
__________________
The Bush economic collapse was (and still is) the largest since the Great Depression.
There is no miraculous recovery, it is a slow, steady process – exactly what is happening under this President.
If you want miracles, turn to Republican Reagan. His ‘economic miracle’ saw unemployment above 10% at this point in his presidency and it stayed there for 10 straight months.
AND his administration almost TRIPLED the national debt.
Lets turn to them for more of their imaginary ‘eonomic miracles’.

But don’t get me wrong, with the Republicans in charge we can make all those profits with even less restrictions.
——–
You stop, Peter O! Martinis are on me and the taxpayer!

Lets turn to them for more of their imaginary ‘eonomic miracles’.
——
Them cuts are comin’ Dana! Obama 2012!

Lets turn to them for more of their imaginary ‘eonomic miracles’.
——
Them cuts are comin’ Dana! Obama 2012!
Posted by: John | Jul 7, 2011 5:00:55 PM
Good old Republicans. Tripled the national debt under Reagan – and unemployment over 10% at this point in his presidency. It was over 10% for 10 straight months. Miraculous! Those Republcans!

“And Pete, once we get you guys back out of the way we can get Washington working with us again on this thing.”
Pete, relax. Barney Frank is in our corner. Barkeep, another double!

Good old Republicans. Tripled the national debt under Reagan – and unemployment over 10% at this point in his presidency. It was over 10% for 10 straight months. Miraculous! Those Republcans!”
—-
Miraculous indeed. They have been able to have Democratic President come to the table on SS, much less sign that tax cut bill.

Good old Republicans. Tripled the national debt under Reagan – and unemployment over 10% at this point in his presidency. It was over 10% for 10 straight months. Miraculous! Those Republcans!
Posted by: Dan | Jul 7, 2011 5:03:34 PM
Did you forget what happened in Reagans sencond term once his policies had time to work??? I thought so.
Posted by: billy bob | Jul 7, 2011 5:07:01 PM
No I didn’t forget. Reagan’s ‘economic miracle’ TRIPLED the national debt. How could we forget?
And do you recall that at this point in his presideny (both presidents faced very difficult ecnomomic situations), Reagan’s unemployment rate was over 10% and was over 10% for 10 straight months.
Compare that to Obama’s – it went over 10% for ONE MONTH in October 2009, and has been dropping slowly and steadily since.

Mr. President call the GOP deception, they will all be voted out in 2yrs God Willing

“Everyone knows Barney is a great guy, but we’re really looking forward to Michele or Mitt of course, then we can really get that gravy train rolling again just like old times…”
Yeah buddy. Can’t wait to see some of those familiar faces at the SEC again.

DANA: AP: “”"”Obama’s economic team released a report that estimated unemployment wouldn’t rise above 8 percent with a stimulus package”"”"” according to Associated Press.

Dana | Jul 7, 2011 5:16:49 PM
—You have a nice partisan answer for everything right? Well, if the collapse started well before the Dems took over because of the “lag” time (I will call it that), then you must attribute saving the freefall to the TARP that the previous administration passed right? Or are you saying the moment Obama passed the stimulus our freefall stopped? There is either a lag, or there isn’t. According to what you say, the recovery started because of the previous administration, your nemesis, the GOP. See, I hate them both for completely screwing up our country, but you seem to want to place the blame on only 50% of them. Well Dana, you can’t have both.

Everyone knows Barney is a great guy, but we’re really looking forward to Michele or Mitt of course, then we can really get that gravy train rolling again just like old times…”
Pete, it never stopped. Our investments have never had better returns. We got Chris from CT on our side. And what Barry and Co. did for the Citi guys? Heck, next round is on you…

Dana | Jul 7, 2011 5:16:49 PM
—-TARP wasn’t passed as part of the budget. Do you think TARP had any positive affect on our economy?

“”"That report published the 8% figure only with VERY STRONG qualifiers that this figure NOT be taken as exact nor definitive – which is unfortunately exactly what the right wing did.”"”"
Posted by: Dana
So 8% doesn’t mean 8%? Kind of like 1.4M – 3.6M jobs? So you will take a number that has a margin of error of over 50% yet an exact number of 8% you say was only strong “qualifiers”? Seems to me if you have good numbers, you attribute that to your party and bad numbers you shrug off. You could probably run for President. Way too partisan for me. But, you did call me a right winger, which is normal for sheeple like yourself. I will keep getting my news from many sources while you stick with the Democrats and the CBO.

So you will take a number that has a margin of error of over 50% yet an exact number of 8% you say was only strong “qualifiers”?
________________________________
Sorry, that doesn’t make complete sense in English so I’m not sure what you’re trying to say.
The 8% figure was published in the report with very strong qualifiers – that said that figure should not be taken as exact nor definitive.
You have problems understanding what that means?

Dana, its very simple. Reagan believed in “limited” government and it worked, the economy grew. Obama believes in “big government” and history has shown us time and time again that will not work but here we go again. The other poster is right, get off the peartisan train you are on and open your eyes.

“Jobless rate soars to 6.1%
Unemployment surges to 5-year high as employers cut workers for eighth straight month. Total job losses for 2008: 605,000.
Soars to 6.1%!!!

Dana, its very simple. Reagan believed in “limited” government and it worked, the economy grew.
Posted by: billy bob | Jul 7, 2011 5:45:34 PM
If you call nearly tripling the national debt ‘limited government’ . .. sure.
If you call overseeing an administration that created a shadow government to carry out illegal international deals like Iran/Contra ‘limited government’…. sure.

If you call nearly tripling the national debt ‘limited government’ . .. sure.
If you call overseeing an administration that created a shadow government to carry out illegal international deals like Iran/Contra ‘limited government’…. sure.
Posted by: Dana | Jul 7, 2011 5:49:00 PM
I really dont think you want to compare Reagans increas in ND to Obamas. that is a fight you cannot win.

“But it only got worse and worse, through the last months of Bush’s presidency hundreds of thousands of jobs were being lost every month – and this continued into the first few months of Obama’s presidency.”
Dana,
What’s the rate now?

Dana | Jul 7, 2011 5:51:43 PM
—- You continue to say Bush thought it was a rough patch, yet NOBODY saw it coming within our government. Either that, or they saw it coming and just tried to let it happen. Our politicians missed it? I guess my issue is with your constant attack on Bush when our government was comprised of 50/50 both parties. I do agree no country is out of this yet. What we do in the next 2 weeks will either throw the global economy in turmoil or help the US begin prospering again. The GOP will agree to raise the debt ceiling, but they are going to force spending cuts. We will ALL feel the pinch. I have a problem with people complaining about teachers and firemen losing their jobs. Well what about us in the private sector? There should be no area exempt from hard times.

“Pete, will you relax? We had that tax cut that Barry signed this year. More on the way. Also, the reduction in SS. Great article you wrote about that stuff for the NYT. Good reads. And Barry followed your advice”
Sorry Fuld, I know it’s a bitter pill, but when Wall Street is happy, everybody is happy. My buddy Warren is behind me 100%, and not just for the cash of course.

“Sorry Fuld, I know it’s a bitter pill, but when Wall Street is happy, everybody is happy. My buddy Warren is behind me 100%, and not just for the cash of course.”
I know, I just have this weird thing where I keep thinking I see Pete everywhere.

I know, I just have this weird thing where I keep thinking I see Pete everywhere.
______________
Well Lloyd, hang in there.

Well, if the great experiment known as the United States of America fails it’s debt obligations, guess who I’ll blame? But I refuse to believe they’ll let him do it. Anyone else in 2012.

When the Wars, financial collapse, and housing bust were still in our future, the GOP led by President Bush cut taxes but not spending. Regardless of increased business revenue, the deficit began to grow steadily from nearly 0 under Clinton to nearly half a trillion in Bush’s last fiscal year. This does not include increases to our national debt for the Wars and Bush’s own TARP appropriation. The GOP and Bush did not adapt fiscally to the Wars or the economic hardships. Now the GOP is using the current deficit level that they had so much to do with creating as a club to push spending as well as more tax cuts. If spending is the problem, why did lowering taxes get us to at least half trillion dollar deficits not counting the Wars or the economic mess?

The AMERICAN people and especially the million richest U.S. citizens will blame the GOP mightily on August 2 – because the stock market AND the bond market will tank BIG time. Remember the richest americans (who the GOP cave into at will) have most of their assets in the equity markets and the bond markets. Yes I want to see the expression on the faces of the rich if Boehner says NO on August 2. The democrats will have a solid supe-majority on Nov 2012.

JQLiberal,you state that “the GOP and Bush did not adapt fiscally…”Well,what kind of adaptation have had over the last 2 and 1/2 years of the Obama administration when the economy has been worse?You also answered your own question “if spending is the problem”-What was the revenue coming into the government after the tax cuts?Did it go down after the cuts?Can you prove that cutting taxes decreased real revenue? We can certainly prove that increased spending on wars,programs,etc. added to the debt,but where is the proof that cutting taxes decreased revenue? Revenue increases to the federal government not by increasing taxes,but by increasing TAXPAYERS.A future President very clearly made that case this week.

“President Bush’s huge 2001 and 2003 tax cuts vaporized Clinton’s federal budget surpluses and threw the country back into deficit.”
Posted by: River | Jul 7, 2011 9:57:00 PM
Clinton never had a budget surplus. Trust funds were borrowed to make it appear the government had income. In other words, the myth was based on an accounting trick. The reality is the national debt NEVER WENT DOWN under Clinton. Even in Clinton’s best year, there was a $17.9 billion deficit. (Source: US Treasury Department).
Democrats never had any problems with Bush’s spending. They did, however, often complain loudly that he didn’t spend nearly enough.
Bush’s tax cuts increased federal revenues, all of which were spent and then some. Just like they were during the Reagan years. Democrats gleefully participated in deficit spending during both presidencies. They took deficit spending to hysterical levels when they controlled both chambers of Congress under Obama.
And it’s odd that you and Sal would both use the word “vaporized” in your posts in precisely the same context.

“THIS IS MY MONEY FOR MY RETIREMENT…AND REPUBLICANS CAN’T HAVE IT TO FRITTER AWAY ON ILLEGAL WARS, BILLIONS IN SUBSIDIES GIVEN TO RICH OIL COMPANIES, ETC.”
Posted by: travelertraveler | Jul 7, 2011 9:32:40 PM
You only think it’s your money. Even though your earnings are confiscated (legally) by the federal government, Social Security is not a binding contract. Look at your annual statement. It clearly states that SS benefits can be changed by Congress at any time and warns that benefits WILL be reduced if there is a problem with solvency. And there’s nothing you can do about it.
Oh, and under Bush, we had two wars approved by Congress. Under Obama, who was awarded a Nobel Peace Prize, we have six wars–four of which were not approved by Congress. We have more war than ever under Obama!
Obama also gave billions of US taxpayer dollars to Brazil to develop their own oil fields and employ Brazilians so that we can buy oil from them.
Stop whining. Obama promised Change and he’s certainly delivering. It’s just not what Americans thought they voted for. Live and learn!

The nation now only has once chance – do not raise the debt ceiling
If we do raise the ceiling, BO is re-elected and the nation then perishes
But alas, the GOP old guard will put a guun to the nation’s head and help raise the debt ceiling
Buy canned goods and ammo

The debt problem is worse than any will admit. The parties are only talking deficit reduction over the next decade. Give me a break, deficit reduction means the government is still charging. That means the debt is still going up. The current debt would require more than 50 years of zero deficits and a half-trillion in payment each year to resolve. Until the deficit reaches zero debt payments can’t begin, you can’t pay down a debt with borrowed money. But many say the promises, the unfunded liability, is some five times the advertised debt.

Nothing Is Agreed To, Until Everything Is Agreed To .. (Translation) .. I will not work with it unless it’s done my way.

Looks like the “Dana”s are only interested in arguing the past because they know they can’t argue on Obama’s record.
What a waste of space, Dana.
Have they given you new flipbooks for responding because at least no one was called a racist this time.

You cannot get out of debt by spending more than you take in and borrowing to make up the the difference. That is so simple that elementary school children understand it.
President Obama keeps talking about raising the debt ceiling so we can ‘pay our bills’. But what he really wants is the means to buy new ‘stuff’.
High-speed rails? Smart electrical grid? Fixing air traffic woes? Pursuing better power sources? All would be fantastic. But the USA cannot pay its bills now. Why then does the President want to borrow MORE to spend billions MORE for NEW stuff?
We all want the best, the latest, the coolest toys. But if you don’t have the money after you pay your current obligations, you shouldn’t get the new toys. It’s called self-control and our politicians are woefully lacking in that area.
This great nation is in serious money trouble. The only way to possibly dig ourselves out will take 3 steps: 1-stop taking on new debt; 2-reduce current spending; 3-increase revenue.
Step 1 includes understanding that we can’t do it all and get it all…right now. Hopefully, in time, we can but not now.
Step 2 includes taking a serious look at current spending and deciding what we really need and what we can do without. Everytime politicians start talking about reducing spending they immediately want to gut programs that help Americans. I say we gut foreign aid. Saudia Arabia and other countries who are richer than the US can do without our billions. We have Americans in need here; we have children going without food and medical care. We have former military sleeping in alleys and under overpasses. It’s time to take care of our own. We do not need to spend billions so a few scientists can do ridiculous research into whatever comes to them in a drunken daze.
Step 3 includes increasing taxes. Yep, this Republican sees the need to raise taxes. But I haven’t found a single law that makes being rich a crime. Rich Americans are just that…Americans. We can’t continue to expect them to carry the burden alone. I wouldn’t mind paying more taxes on my pitiful salary if I knew our government would use it wisely instead of supporting oil-rich countries or funding research on oxygen-utilization by shellfish.
We elect politicians to take care of this country. They are compensated very well; it’s time they did their job.

I do not trust Pesident Obama to follow thru with any of the concessions he and his fellow Democrats make during the debt ceiling negotiations. Joe Wilson was absolutely correct when he yelled “You Lie!!” This president will employ outrageous rhetoric, emotional platitudes and outright lies to advance his far left agenda. I hope Boehner et al keep that in mind.

Hope he brings someone with him to help understand what he has done to our nation. Unemployment at 9.2% reported does not count those who have gave up whicj is extimated at 16% total

Billy Bob: r\Reagen increased taxes 14 times and raised he debt limit three times. He was not noted for his fiscal responsibility and neither was Bush as eveidenced that he took a surplus and turned it into a recession. The GOP has done a good job convincing the lemmings that this recession is Obama’s fault but it is not. It was deeper than imagined and he inherited 1.5 trillion dollars on day one and it had not even settled yet. The Bush 8 years did nothing but spend so how can the GOP say with a straight face they are the fiscally responsible ones. They balance the budgets on the back of the middle class as evidenced by numerous charts. the coporations and bonus’s have risen enormously while the middle guy’s salaries have gotten less and the benefits also. They have turned this society into two classes…the rich to whom they belong and the poor…the middle class are dwindeling to the poor class. This is the tragedy of the century. The “let them eat cake” attitude of the republicans is repulsive and wrong. Middle American is finally standing up and you will see with the recalls in states that have rep. governors…things are a changing.

The reason our economy is tanking is the government has spent too much, can’t lend money without increasing interest rates, and employers won’t hire until the economy stabilizes. The President can’t raise the debt ceiling (without getting impeached) nor can he raise taxes (otherwise he won’t get re-elected). The President really has only 2 choices left: decrease spending (this gets us out of debt) AND lower taxes on business (this increases jobs and therefore tax revenue). Like I’ve always said, run the recession long enough and you will wind up with limited government.

why can’t people see that the GOP is lying. all thay do is lie and steal. thay say g.warming is a fake. the truth is thay are a fake.even nasa say’s it’s the #1 threat to people. if you LOVE the USA you will stop voting GOP.