User Tag List

+ Reply to Thread
Page 1 of 2 12 LastLast
Results 1 to 10 of 19

Thread: Sanders on the Fiscal Cliff

Hybrid View

  1. #1
    Points: 100,746, Level: 77
    Level completed: 31%, Points required for next Level: 1,804
    Overall activity: 9.0%
    Achievements:
    SocialYour first Group50000 Experience PointsVeteran
    IMPress Polly's Avatar Senior Member
    Karma
    156220
    Join Date
    Aug 2012
    Location
    Vermont, USA
    Posts
    8,575
    Points
    100,746
    Level
    77
    Thanks Given
    10,232
    Thanked 7,643x in 4,358 Posts
    Mentioned
    634 Post(s)
    Tagged
    0 Thread(s)

    Sanders on the Fiscal Cliff

    Independent socialist U.S. Senator Bernie Sanders of my native Vermont weighs in on the upcoming 'fiscal cliff' issue and on how the president SHOULD handle the matter. I agree fully with his (Sanders') solidly anti-austerity position, incidentally. I fear the president will seriously consider cuts to the main three entitlement programs (Social Security, Medicare, and Medicaid). He should be aware that the last fiscal compact he reached last year was in no small part responsible for alienating his base and touching off the Occupy movement.

  2. #2
    Original Ranter
    Points: 858,899, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 91.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    496516
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    241,649
    Points
    858,899
    Level
    100
    Thanks Given
    153,205
    Thanked 147,526x in 94,387 Posts
    Mentioned
    2552 Post(s)
    Tagged
    0 Thread(s)
    How do we afford ~$1.3T annual deficits?

    I say elections have consequences. Let the silly hard left crash the economy. What are you going to do when the USD is worthless?

  3. #3
    Points: 73,823, Level: 66
    Level completed: 30%, Points required for next Level: 1,627
    Overall activity: 0.1%
    Achievements:
    SocialYour first GroupCreated Album picturesTagger First Class50000 Experience PointsVeteran
    KC's Avatar Senior Member
    Karma
    20936
    Join Date
    Aug 2012
    Location
    Wisconsin, USA
    Posts
    8,879
    Points
    73,823
    Level
    66
    Thanks Given
    4,291
    Thanked 4,042x in 2,810 Posts
    Mentioned
    276 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by IMPress Polly View Post
    Independent socialist U.S. Senator Bernie Sanders of my native Vermont weighs in on the upcoming 'fiscal cliff' issue and on how the president SHOULD handle the matter. I agree fully with his (Sanders') solidly anti-austerity position, incidentally. I fear the president will seriously consider cuts to the main three entitlement programs (Social Security, Medicare, and Medicaid). He should be aware that the last fiscal compact he reached last year was in no small part responsible for alienating his base and touching off the Occupy movement.
    Ok, so I watched the video and Bernie makes a few good points. The American people, by and large, do not want entitlements cut. I think he's right about that.

    But the only thing I heard him propose, instead of cutting entitlements, was to raise corporate and high earner individual income taxes. I don't think you can squeeze another $1.3 trillion out of corporations or the wealthiest Americans, and you definitely can't without seeing a decline in economic growth, which would then lead to even lower tax revenues.

    Alternatively, here's a video that explains why we simply can't tax our way to a balanced budget:


  4. #4
    Points: 69,181, Level: 64
    Level completed: 20%, Points required for next Level: 1,769
    Overall activity: 0.1%
    Achievements:
    Social50000 Experience PointsVeteran
    Mainecoons's Avatar Senior Member
    Karma
    19769
    Join Date
    Feb 2012
    Posts
    16,741
    Points
    69,181
    Level
    64
    Thanks Given
    10,256
    Thanked 6,437x in 4,426 Posts
    Mentioned
    260 Post(s)
    Tagged
    0 Thread(s)
    That's the problem the libs are in denial about--soak the rich only raises about 10 percent of the ObamaDeficit.

    I think we should let them do it to take it off the table and show everyone what a hollow fiction it is as any meaningful solution to ObamaDeficits. This falls under the category of "be careful what you ask for, you might get it." Let's give it to them and watch them try and explain the failure of soak the rich.

  5. The Following User Says Thank You to Mainecoons For This Useful Post:

    Bane (11-09-2012)

  6. #5
    Points: 9,730, Level: 23
    Level completed: 60%, Points required for next Level: 320
    Overall activity: 0.1%
    Achievements:
    Your first GroupVeteran5000 Experience Points
    Bane's Avatar Senior Member
    Karma
    579
    Join Date
    Jun 2012
    Posts
    337
    Points
    9,730
    Level
    23
    Thanks Given
    285
    Thanked 158x in 113 Posts
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    It's amazing to me that these socialists c which Sanders is mind you, along with the Democrats who are also socialists, want to try and save welfare knowing they can't....lol.

    and the real sad part is, people think just like they do.

    in order to save this country, your going to have to give up your freebees. That means getting rid of social security, Medicare, and Medicaid. Yes I said it. YOU, yes YOU, have to be willing to gives them up, or it's over.

    That is where we are at.

    pick one, but choose wisely.

  7. #6
    Points: 84,367, Level: 70
    Level completed: 80%, Points required for next Level: 483
    Overall activity: 3.0%
    Achievements:
    SocialVeteranTagger First Class50000 Experience Points
    roadmaster's Avatar Senior Member
    Karma
    10157
    Join Date
    Dec 2011
    Posts
    18,760
    Points
    84,367
    Level
    70
    Thanks Given
    3,287
    Thanked 6,300x in 4,607 Posts
    Mentioned
    143 Post(s)
    Tagged
    0 Thread(s)
    I don't want to see SS, medicare and Medicaid cut either to the people who worked all their lives and paid in to have them bankrupt the system by illegals who didn't pay in or the ones who have never worked and lived off the government. We have been raped by banks and now the government.

  8. #7
    Points: 39,654, Level: 48
    Level completed: 69%, Points required for next Level: 496
    Overall activity: 0.1%
    Achievements:
    VeteranTagger First Class25000 Experience PointsSocial
    waltky's Avatar Senior Member
    Karma
    5662
    Join Date
    Oct 2012
    Posts
    8,859
    Points
    39,654
    Level
    48
    Thanks Given
    2,515
    Thanked 2,140x in 1,616 Posts
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)

    Angry

    Granny says, "Dat's right - we so far gone we gonna have to take a bus to get back...

    Ron Paul: Already over fiscal cliff
    11/8/12 - Rep. Ron Paul (R-Texas) said Thursday that while President Barack Obama and Congressional leaders stake out their positions on a budget deal, the nation’s economy has already driven off the fiscal cliff.
    “We’re so far gone,” Paul said on Bloomberg Television. “We’re over the cliff. We cannot get enough people in Congress in the next 5-10 years who will do the wise things. We have to prepare for having already fallen off the fiscal cliff.”

    Paul, who did not run for reelection this year, said everyone is arguing about “what they’re going to protect” instead of focusing on cuts to the federal budget. “They’re just looking for the truth. They say well, all we need is a little compromise. Well, nobody expects that because they do not admit the truth, and the truth is that we are broke,” Paul said. How do you compromise? They only way you can compromise is if you agree on what to cut.”

    The Texas Republican also slammed President Barack Obama’s reelection for not changing Americans’ attitude about robust government spending. “That is why people were sort of surprised with these conditions that the president could get reelected,” he said. “That is a bad sign in that there are more on the receiving end. People do not want anything cut. They want all the bailouts to come. They want the Fed to keep printing money. They do not believe we have gone off the cliff or are close to going off the cliff.”

    Read more: http://www.politico.com/news/stories...#ixzz2Bm6ZzPER
    See also:

    CBO: Fiscal cliff will mean recession, rise in unemployment
    11/8/12 - The Congressional Budget Office offered a sobering assessment of the economic implications of plunging off the fiscal cliff Thursday, just as lawmakers prepare for a fight over taxes and spending.
    If Congress and the Obama administration allow scheduled tax increases and spending cuts to occur, the economy will shrink by 0.5 percent in 2013. The unemployment rate would soar to 9.1 percent — up from 7.9 percent today. Senate Finance Committee Chairman Max Baucus (D-Mont.) asked for the report and said the findings are another reminder of the need to find an alternative to the tax increases and spending cuts that make up the fiscal cliff. “The consequences of inaction will deliver a dramatic, short-term blow to the economy,” Baucus said in a statement. “We need to build a bridge over this fiscal cliff. We need to work together — Republicans and Democrats — on a solution that provides some certainty to American families and businesses, while also bringing down our deficit and debt.”

    The report largely echoes earlier CBO projections about the fiscal cliff’s impact. An aide for House Ways and Means Committee Chairman Dave Camp (R-Mich.) said the report “confirms that raising taxes on all taxpayers will result in fewer help wanted signs hanging in the windows of businesses across the country.” “Job creators agree and have made it clear that raising taxes will result in a weaker economy and fewer jobs for the millions of Americans struggling to find work,” the aide said. “They are depending on the administration to provide the certainty they need to invest, hire and plan for the future. Achieving that certainty begins with stopping all tax hikes and focusing on pro-growth tax reform. The House stands ready to work with the White House and Senate to achieve those goals.”

    The CBO said the outlook would be much more positive if Congress extended some or all of the expiring tax cuts and blocked the $109 billion in spending cuts slated next year for discretionary and mandatory programs. If Congress blocked the spending cuts and extended all of the expiring tax cuts — except for the payroll tax break — the economy would grow by 2.25 percent next year. Adding the payroll tax cut and an extension of unemployment benefits would nudge the growth closer to 3 percent. The report also demonstrates that extending all of the soon-to-end tax cuts would provide the biggest boost to the economy. Continuing the breaks for all taxpayers would boost GDP by 1.5 percent. An extension just for families making less than $250,000 and individuals earning less than $200,000 — the level that Democrats are seeking — would expand the economy by 1.25 percent.

    Read more: http://www.politico.com/news/stories...#ixzz2Bm8vM8LV
    Last edited by waltky; 11-09-2012 at 07:37 PM.

  9. The Following User Says Thank You to waltky For This Useful Post:

    KC (11-09-2012)

  10. #8
    Points: 73,823, Level: 66
    Level completed: 30%, Points required for next Level: 1,627
    Overall activity: 0.1%
    Achievements:
    SocialYour first GroupCreated Album picturesTagger First Class50000 Experience PointsVeteran
    KC's Avatar Senior Member
    Karma
    20936
    Join Date
    Aug 2012
    Location
    Wisconsin, USA
    Posts
    8,879
    Points
    73,823
    Level
    66
    Thanks Given
    4,291
    Thanked 4,042x in 2,810 Posts
    Mentioned
    276 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by waltky View Post
    Granny says, "Dat's right - we so far gone we gonna have to take a bus to get back...

    Ron Paul: Already over fiscal cliff
    11/8/12 - Rep. Ron Paul (R-Texas) said Thursday that while President Barack Obama and Congressional leaders stake out their positions on a budget deal, the nation’s economy has already driven off the fiscal cliff.
    More of Granny's homespun wisdom.

  11. #9
    Points: 665,213, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 90.0%
    Achievements:
    SocialRecommendation Second ClassYour first GroupOverdrive50000 Experience PointsTagger First ClassVeteran
    Awards:
    Discussion Ender
    Chris's Avatar Senior Member
    Karma
    433307
    Join Date
    Feb 2012
    Posts
    197,542
    Points
    665,213
    Level
    100
    Thanks Given
    31,981
    Thanked 80,896x in 54,714 Posts
    Mentioned
    2011 Post(s)
    Tagged
    2 Thread(s)
    Go to http://thepoliticalforums.com/threads/8439-Eat-the-rich!

    An "solidly anti-austerity position" is absurdly unsustainable. Only those in denial, as Maine says, could believe in it.

  12. #10
    Points: 84,367, Level: 70
    Level completed: 80%, Points required for next Level: 483
    Overall activity: 3.0%
    Achievements:
    SocialVeteranTagger First Class50000 Experience Points
    roadmaster's Avatar Senior Member
    Karma
    10157
    Join Date
    Dec 2011
    Posts
    18,760
    Points
    84,367
    Level
    70
    Thanks Given
    3,287
    Thanked 6,300x in 4,607 Posts
    Mentioned
    143 Post(s)
    Tagged
    0 Thread(s)
    You can't tax enough rich people to balance the budget. The middle class is going to get hit hard.

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts