hornpharmd
5,000+ Posts
money.cnn.com/2011/09/18/news/economy/obama_debt_plan/index.htm?hpt=hp_t1
President Obama seems to be doing his job of leading the federal gov't and giving his plan/vision on how to increase jobs and how to cut the deficit.
"The plan Obama will release includes some $3 trillion in savings on top of the approximately $1 trillion called for under the debt ceiling deal enacted in August. Of that, however, close to $500 billion would have to be used to pay for the American Jobs Act, which Obama proposed last week."
Certainly I don't expect the Republicans in the House to actually take a plan that President Obama proposes and to flesh it out in legislation and then vote for it. They have already drawn the line in the sand against increased taxes. But they have also made it known that their main priority is to decrease the size of the federal gov't and to decrease spending....which this plan clearly does. I think it is time for the Republicans to choose what they want most.....decreased spending and deficit reduction or no increase in taxation. Seems to me that if you are getting a plan that has decreased spending that you should reasonably consider a simultaneous plan to increase taxation. Certainly they would not want to increase taxation if there was no clear plan showing large enough spending/deficit reductions. But with one on the table they need to choose.
Seems to me that tea party voters are more interested in spending reductions than they are concerned about how much the very wealthy pay in taxes. If they listen to their voters then they should be in favor of a plan like this. It in my mind, is the only sensible thing to do. And if in 2 or 4 years we find that these taxes are negatively impacting job growth then they can be reversed. Time to tighten the belt buckle and simultaneously increase revenue to pay down the deficit. Let's give it a try. It did work well for us in the last 90s.
President Obama seems to be doing his job of leading the federal gov't and giving his plan/vision on how to increase jobs and how to cut the deficit.
"The plan Obama will release includes some $3 trillion in savings on top of the approximately $1 trillion called for under the debt ceiling deal enacted in August. Of that, however, close to $500 billion would have to be used to pay for the American Jobs Act, which Obama proposed last week."
Certainly I don't expect the Republicans in the House to actually take a plan that President Obama proposes and to flesh it out in legislation and then vote for it. They have already drawn the line in the sand against increased taxes. But they have also made it known that their main priority is to decrease the size of the federal gov't and to decrease spending....which this plan clearly does. I think it is time for the Republicans to choose what they want most.....decreased spending and deficit reduction or no increase in taxation. Seems to me that if you are getting a plan that has decreased spending that you should reasonably consider a simultaneous plan to increase taxation. Certainly they would not want to increase taxation if there was no clear plan showing large enough spending/deficit reductions. But with one on the table they need to choose.
Seems to me that tea party voters are more interested in spending reductions than they are concerned about how much the very wealthy pay in taxes. If they listen to their voters then they should be in favor of a plan like this. It in my mind, is the only sensible thing to do. And if in 2 or 4 years we find that these taxes are negatively impacting job growth then they can be reversed. Time to tighten the belt buckle and simultaneously increase revenue to pay down the deficit. Let's give it a try. It did work well for us in the last 90s.
