Comments on: In Fiscal Cliff Talks, Boehner Gives on Some Higher Rates in Exchange for Entitlement Cuts http://abcnews.go.com/blogs/politics/2012/12/in-fiscal-cliff-talks-boehner-gives-on-some-higher-rates-in-exchange-for-entitlement-cuts/ The latest Politics news and blog posts from ABC News contributors and bloggers including Jake Tapper, George Stephanopoulos and more. Fri, 26 Dec 2014 16:25:07 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: _Sinth_ http://abcnews.go.com/blogs/politics/2012/12/in-fiscal-cliff-talks-boehner-gives-on-some-higher-rates-in-exchange-for-entitlement-cuts/#comment-29990274 _Sinth_ Tue, 18 Dec 2012 00:02:21 +0000 http://abcnews.go.com/blogs/politics/?p=828952#comment-29990274 Apostasy, You are practicing revisionist history. Clinton raised the marginal tax rate in 1993. The economy stalled. Then, in 1995, after the Democrats lost the majority to the Republicans as a result, Clinton became a centrist so he could get re-elected and LOWERED the cap gains rate in 1995, as well as initiated sweeping welfare reform. He did it with a REPUBLICAN Congress. It started a boom in 1996, along with the tech bubble as a result of Y2K hysteria. Clinton even openly admitted in stump speeches he raised taxes too much. So guess again... Apostasy,

You are practicing revisionist history. Clinton raised the marginal tax rate in 1993. The economy stalled. Then, in 1995, after the Democrats lost the majority to the Republicans as a result, Clinton became a centrist so he could get re-elected and LOWERED the cap gains rate in 1995, as well as initiated sweeping welfare reform. He did it with a REPUBLICAN Congress. It started a boom in 1996, along with the tech bubble as a result of Y2K hysteria.

Clinton even openly admitted in stump speeches he raised taxes too much. So guess again…

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By: _Sinth_ http://abcnews.go.com/blogs/politics/2012/12/in-fiscal-cliff-talks-boehner-gives-on-some-higher-rates-in-exchange-for-entitlement-cuts/#comment-29985876 _Sinth_ Mon, 17 Dec 2012 20:23:02 +0000 http://abcnews.go.com/blogs/politics/?p=828952#comment-29985876 DaveM, You cite your own mistake. When Ronald Reagan ran up deficits, it was the DEMOCRATIC CONGRESS who became hawkish on deficits and defense spending, and claimed the title of being "fiscally responsible". BILL CLINTON worked with a REPUBLICAN CONGRESS to work on balancing the budget. It's not unique to a party. You are just ingesting the pablum fed to you. Back long ago, it was 2 DEMOCRATS who expanded the war in Vietnam. REPUBLICANS were dovish. Parties flip-flop to draw out differences for the electorate. In many instances, it is simply for the purpose of creating a difference. History is replete with examples of the parties switching positions. BOTH SIDES champion the same issues in different terms. Learn a little before you spout at the mouth you self-righteous, partisan flake. Show some original thought. Don't go away angry, just go away...Okay, BUD? DaveM,

You cite your own mistake. When Ronald Reagan ran up deficits, it was the DEMOCRATIC CONGRESS who became hawkish on deficits and defense spending, and claimed the title of being “fiscally responsible”. BILL CLINTON worked with a REPUBLICAN CONGRESS to work on balancing the budget. It’s not unique to a party. You are just ingesting the pablum fed to you.

Back long ago, it was 2 DEMOCRATS who expanded the war in Vietnam. REPUBLICANS were dovish. Parties flip-flop to draw out differences for the electorate. In many instances, it is simply for the purpose of creating a difference. History is replete with examples of the parties switching positions.

BOTH SIDES champion the same issues in different terms. Learn a little before you spout at the mouth you self-righteous, partisan flake. Show some original thought. Don’t go away angry, just go away…Okay, BUD?

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By: Apostasyusa http://abcnews.go.com/blogs/politics/2012/12/in-fiscal-cliff-talks-boehner-gives-on-some-higher-rates-in-exchange-for-entitlement-cuts/#comment-29985647 Apostasyusa Mon, 17 Dec 2012 20:07:40 +0000 http://abcnews.go.com/blogs/politics/?p=828952#comment-29985647 I think Democrats would gladly own the raising of the taxes on the rich. Right back to Clinton era rates, and with out raising taxes on poor or middle class. It's a win, win. ...and closing some loopholes for the rich that let them dodge taxes and get tax breaks on their Private Jets. The fact of the matter is that raising taxes on the rich the Clifton levels does not hurt our economy one bit. Republicans have been spewing that lie for far to long. The problem Republicans have is their feet are stuck in the pit of hypocritical mud. They talk a big game about reducing spending but they don't reduce any spending when they are in power. They crank it up! They talk about cutting programs that actually help people but wouldn't really make a dent on the deficit if they were cut. What are Republicans really afraid of? I'll tell you. It's getting what THEY want. Reduced spending, but not the type they want to talk about. The fiscal cliff cuts defense spending by drastic amounts and that's what their really afraid of. The military industrial complex is their "social engineering program" that they won't cut because they are bankrolled by the industry. Republicans have no problem wasting trillions of tax dollars blowing up civilians in foreign countries that did not attack us, but helping the vets get good healthcare when they come home from unnecessary wars is spending too much. Bankers and baller CEO's are the only people that Republicans really care about. I think Democrats would gladly own the raising of the taxes on the rich. Right back to Clinton era rates, and with out raising taxes on poor or middle class. It’s a win, win. …and closing some loopholes for the rich that let them dodge taxes and get tax breaks on their Private Jets.

The fact of the matter is that raising taxes on the rich the Clifton levels does not hurt our economy one bit. Republicans have been spewing that lie for far to long.

The problem Republicans have is their feet are stuck in the pit of hypocritical mud. They talk a big game about reducing spending but they don’t reduce any spending when they are in power. They crank it up! They talk about cutting programs that actually help people but wouldn’t really make a dent on the deficit if they were cut.

What are Republicans really afraid of? I’ll tell you. It’s getting what THEY want. Reduced spending, but not the type they want to talk about. The fiscal cliff cuts defense spending by drastic amounts and that’s what their really afraid of. The military industrial complex is their “social engineering program” that they won’t cut because they are bankrolled by the industry. Republicans have no problem wasting trillions of tax dollars blowing up civilians in foreign countries that did not attack us, but helping the vets get good healthcare when they come home from unnecessary wars is spending too much.

Bankers and baller CEO’s are the only people that Republicans really care about.

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By: tmferretti http://abcnews.go.com/blogs/politics/2012/12/in-fiscal-cliff-talks-boehner-gives-on-some-higher-rates-in-exchange-for-entitlement-cuts/#comment-29985500 tmferretti Mon, 17 Dec 2012 19:56:54 +0000 http://abcnews.go.com/blogs/politics/?p=828952#comment-29985500 DEANBOB I was just trying to be facetious. I also don't think the deficit would ever get that high. I think these spending cuts will only lower the deficit for a few weeks. Once those millions of Americans out of work because of the spending cuts hit the streets, our tax base shrinks, sales tax revenue decreases and assistance to these laid off workers kicks into effect, we will be right back where we started. The deficit will surely go up again, probably much higher than it is now. DEANBOB

I was just trying to be facetious. I also don’t think the deficit would ever get that high.

I think these spending cuts will only lower the deficit for a few weeks. Once those millions of Americans out of work because of the spending cuts hit the streets, our tax base shrinks, sales tax revenue decreases and assistance to these laid off workers kicks into effect, we will be right back where we started.

The deficit will surely go up again, probably much higher than it is now.

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By: deanbob http://abcnews.go.com/blogs/politics/2012/12/in-fiscal-cliff-talks-boehner-gives-on-some-higher-rates-in-exchange-for-entitlement-cuts/#comment-29985144 deanbob Mon, 17 Dec 2012 19:29:09 +0000 http://abcnews.go.com/blogs/politics/?p=828952#comment-29985144 Greece, Italy, Spain , Ireland all got into trouble because they tried to decrease their debt by putting the burden on their biggest market, their own middle class, plus no one had faith in their economies, the EU is a failure. America still remains the best investment in the world. France finally figured it out; they are pouring billions into their economy as the FED is doing with ours. The deficit could increase to 30 trillion, 50 trillion or a hundred trillion and the, sky won’t fall. The cliff is not the cliff because of the deficit; it’s a cliff because of all these deep spending cuts. POSTED BY: TMFERRETTI | DECEMBER 17, 2012, 1:15 PM The deficit would never get that big! Why? Because LONG before it got anywhere near that big, all lenders would be asking rates higher than these countries would agree to pay (to cover the ungoldly risk of default!). Greece, Italy, Spain , Ireland all got into trouble because they tried to decrease their debt by putting the burden on their biggest market, their own middle class, plus no one had faith in their economies, the EU is a failure. America still remains the best investment in the world.
France finally figured it out; they are pouring billions into their economy as the FED is doing with ours.
The deficit could increase to 30 trillion, 50 trillion or a hundred trillion and the, sky won’t fall. The cliff is not the cliff because of the deficit; it’s a cliff because of all these deep spending cuts.

POSTED BY: TMFERRETTI | DECEMBER 17, 2012, 1:15 PM

The deficit would never get that big! Why? Because LONG before it got anywhere near that big, all lenders would be asking rates higher than these countries would agree to pay (to cover the ungoldly risk of default!).

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By: deanbob http://abcnews.go.com/blogs/politics/2012/12/in-fiscal-cliff-talks-boehner-gives-on-some-higher-rates-in-exchange-for-entitlement-cuts/#comment-29985090 deanbob Mon, 17 Dec 2012 19:24:53 +0000 http://abcnews.go.com/blogs/politics/?p=828952#comment-29985090 If you think we can get out of this recession by cutting spending and putting millions of tax payers out of work, reducing sales taxes, having to help support those laid off workers and reduce the deficit at the same time, I have a bridge in Brooklyn I can sell you real cheap. POSTED BY: TMFERRETTI | DECEMBER 17, 2012, 1:59 I'll go you 1 better: REALITY. In the 1920 depression, govt cut their spending by ~50% and taxes almost as much. The depression was over quickly and the unemplyment dropped 50% from 12% in ~ year and eventually to the lowest peacetime unemployment in history - just over 1%! If you think we can get out of this recession by cutting spending and putting millions of tax payers out of work, reducing sales taxes, having to help support those laid off workers and reduce the deficit at the same time, I have a bridge in Brooklyn I can sell you real cheap.

POSTED BY: TMFERRETTI | DECEMBER 17, 2012, 1:59

I’ll go you 1 better: REALITY. In the 1920 depression, govt cut their spending by ~50% and taxes almost as much. The depression was over quickly and the unemplyment dropped 50% from 12% in ~ year and eventually to the lowest peacetime unemployment in history – just over 1%!

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By: tmferretti http://abcnews.go.com/blogs/politics/2012/12/in-fiscal-cliff-talks-boehner-gives-on-some-higher-rates-in-exchange-for-entitlement-cuts/#comment-29984758 tmferretti Mon, 17 Dec 2012 18:59:35 +0000 http://abcnews.go.com/blogs/politics/?p=828952#comment-29984758 MICHELLE That’s what it's all about. You take money from the left pocket, those that can afford it and from selling bonds (an investment in our country) and put that money in your right pocket (the economy). If you think we can get out of this recession by cutting spending and putting millions of tax payers out of work, reducing sales taxes, having to help support those laid off workers and reduce the deficit at the same time, I have a bridge in Brooklyn I can sell you real cheap. MICHELLE

That’s what it’s all about. You take money from the left pocket, those that can afford it and from selling bonds (an investment in our country) and put that money in your right pocket (the economy).

If you think we can get out of this recession by cutting spending and putting millions of tax payers out of work, reducing sales taxes, having to help support those laid off workers and reduce the deficit at the same time, I have a bridge in Brooklyn I can sell you real cheap.

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By: Michelle Shu Jas http://abcnews.go.com/blogs/politics/2012/12/in-fiscal-cliff-talks-boehner-gives-on-some-higher-rates-in-exchange-for-entitlement-cuts/#comment-29984375 Michelle Shu Jas Mon, 17 Dec 2012 18:30:55 +0000 http://abcnews.go.com/blogs/politics/?p=828952#comment-29984375 tmferretti wrote:"France finally figured it out; they are pouring billions into their economy as the FED is doing with ours." . Take money from your left pocket and move it to your right pocket. Call it an "increase" to the balance of your bank account. See how well all that "new" money spends at the store. tmferretti wrote:”France finally figured it out; they are pouring billions into their economy as the FED is doing with ours.”
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Take money from your left pocket and move it to your right pocket. Call it an “increase” to the balance of your bank account. See how well all that “new” money spends at the store.

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By: tmferretti http://abcnews.go.com/blogs/politics/2012/12/in-fiscal-cliff-talks-boehner-gives-on-some-higher-rates-in-exchange-for-entitlement-cuts/#comment-29984118 tmferretti Mon, 17 Dec 2012 18:15:42 +0000 http://abcnews.go.com/blogs/politics/?p=828952#comment-29984118 COMMONSENSEPARTY I view the deficit as interest on US Government bonds owed to Americans by Americans. As long as we all don't go crazy and cash in those bonds at the same time (about as likely as the moon crashing into the earth) it is no problem. Greece, Italy, Spain , Ireland all got into trouble because they tried to decrease their debt by putting the burden on their biggest market, their own middle class, plus no one had faith in their economies, the EU is a failure. America still remains the best investment in the world. France finally figured it out; they are pouring billions into their economy as the FED is doing with ours. The deficit could increase to 30 trillion, 50 trillion or a hundred trillion and the, sky won't fall. The cliff is not the cliff because of the deficit; it's a cliff because of all these deep spending cuts. COMMONSENSEPARTY

I view the deficit as interest on US Government bonds owed to Americans by Americans. As long as we all don’t go crazy and cash in those bonds at the same time (about as likely as the moon crashing into the earth) it is no problem.

Greece, Italy, Spain , Ireland all got into trouble because they tried to decrease their debt by putting the burden on their biggest market, their own middle class, plus no one had faith in their economies, the EU is a failure. America still remains the best investment in the world.

France finally figured it out; they are pouring billions into their economy as the FED is doing with ours.

The deficit could increase to 30 trillion, 50 trillion or a hundred trillion and the, sky won’t fall. The cliff is not the cliff because of the deficit; it’s a cliff because of all these deep spending cuts.

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By: Commonsenseparty http://abcnews.go.com/blogs/politics/2012/12/in-fiscal-cliff-talks-boehner-gives-on-some-higher-rates-in-exchange-for-entitlement-cuts/#comment-29983115 Commonsenseparty Mon, 17 Dec 2012 17:28:01 +0000 http://abcnews.go.com/blogs/politics/?p=828952#comment-29983115 tmferretti | December 17, 2012, 11:40 am ---- 47% of Americans voted Republican, so no, they are not fed up. Deficits mattered in Greece and they do matter somewhat in the US. We cannot continue to pile up debt and sooner or later have to spend less. The sooner we do it, we do it on our own terms. The later we do it, we may do it out of absolute necessity. We have been downgraded once, which should send a clear message we need to control spending. tmferretti | December 17, 2012, 11:40 am —- 47% of Americans voted Republican, so no, they are not fed up. Deficits mattered in Greece and they do matter somewhat in the US. We cannot continue to pile up debt and sooner or later have to spend less. The sooner we do it, we do it on our own terms. The later we do it, we may do it out of absolute necessity. We have been downgraded once, which should send a clear message we need to control spending.

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