A Message From Lucianne  




Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google

  Topic: Fiscal Cliff Calamity
Change your user profile.
If you are having trouble posting, please take the time to register.
Your User Name :
Your Password
  I forgot my password
Your Reply  :
Preview Reply     Post Reply
Fiscal Cliff Calamity
Weekly Standard, by Irwin M. Stelzer

Original Article

Posted By:Pluperfect, 11/15/2012 5:24:47 AM

Let’s be clear what the bargaining over the fiscal cliff is all about. It is not about a long-term solution to our run away deficits and the iceberg looming in the distance: entitlement spending that will sink our fiscal ship. It is not about extracting more revenues from “the rich,” however defined. (Snip)There is something gallant about Republicans who believe they really know the economic impact of a few percentage points increase in marginal rates, and are willing to go down fighting to prevent such an increase. But there is something reckless about becoming tax-fight kamikazes


Post Reply  

Reply 1 - Posted by: Spidey, 11/15/2012 5:53:49 AM     (No. 9015388)

So now,the republicans need to cave on being against higher taxes. The left is licking their lips at this prospect. It doesn´t matter that raising taxes on the rich will produce this or that amount of revenue. Rich people can easily devise ways to knock down their tax liability.

Tax rates are a distraction from the real problem of excess spending. Why are we spending 500-800 billion more a year than when Bush left office. Social programs only account for some of that. The rest is pure budget padding so government workers can get performance bonuses at the end of the budget year.
What´s it going to cost taxpayers to fly Hillary Clinton to a stupid wine testing event is Austria or wherever. How about the state dept spending millions on flying chefs around the world to improve diplomatic relations?
Tax increases on whomever aren´t an answer to stupid and reckless gov´t spending.

You could give Obama and the left $2 trillion more a year to spend and it wouldn´t improve the economy one bit.

If you don´t think leftism is pure insanity,listen to this. There was a woman on the radio the other day saying that since aging baby boomers aren´t driving as much it´s hurting gas tax revenue. Even if this is true why isn´t current gas tax collections doing anything for roads or bridges? States use transportation revenues to shore up underwater pension accounts.

Billions were sent to New Orleans over the years to shore up the levees and it was wasted by crooked NO bureaucrats on other things like bronze statues. Then when they broke during Katrina people said more money needs to be spent on them.

  Click Here if you Like this Comment

   1  person like this.

Reply 2 - Posted by: sunsong, 11/15/2012 6:30:57 AM     (No. 9015418)

The Weekly Standard is losing it. It helps nothing to cave on taxing the rich. Everyone needs to pay more. The debt is that serious a threat to us. Let ALL the Bush tax cuts expire. Let them call it going over the cliff. Just let ALL the Bush tax cuts expire. Life will go on and the republicans will have done the right thing for the country.

  Click Here if you Like this Comment




Reply 3 - Posted by: Country Boy, 11/15/2012 6:37:20 AM     (No. 9015422)

If the U.S. was a socialist nation 230 years ago, we would be living in log cabins, riding horses, burning cow chips for heat.

Government is responsible for almost nothing productive, just a portfolio of social disasters. When is enough enough?

  Click Here if you Like this Comment

Reply 4 - Posted by: JackBurton, 11/15/2012 7:03:12 AM     (No. 9015462)

So, according to this article, if the Republican party is going to be ´relevant´, it has to become Democrat-lite. Forget that.

This fiscal cliff is YOUR party line, Donks. Remember the malaise (brief) that followed the ´93 tax increase? A repeat on steroids is avoidable, predictable and you can´t stop yourselves because it plays to your hatreds.

RE the drop in gas revenues: Spend a minute and look at this site:


Yup... gov numbers. Gas consumption is HALF of what it was in the Bush years. What is going on? Dunno... but I know it´s Obama.

BTW--lots of layoffs going on... anybody see press coverage?

  Click Here if you Like this Comment

   1  person like this.

Reply 5 - Posted by: twinkle93, 11/15/2012 7:11:56 AM     (No. 9015471)

Where is the budget?

  Click Here if you Like this Comment

Reply 6 - Posted by: Axeman, 11/15/2012 8:44:19 AM     (No. 9015653)

When you compromise with evil, evil always wins.

  Click Here if you Like this Comment

   1  person like this.

Reply 7 - Posted by: lifelonghuman, 11/15/2012 8:48:42 AM     (No. 9015663)

I would let the tax cuts expire for everyone, but this government will just spend the extra revenue and the debt will continue to climb.

  Click Here if you Like this Comment

   1  person like this.




Reply 8 - Posted by: bobgray2, 11/15/2012 8:49:49 AM     (No. 9015667)

The ironic thing is that even if they do raise the tax rate on the wealthy, the wealthy will not pay any more in taxes. They will simply make adjustments that negate any impact to their income. Those adjustments will negatively impact the economy. I expect tax revenue to decrease rather than increase as a result.

  Click Here if you Like this Comment

   1  person like this.

Reply 9 - Posted by: TOOTALL, 11/15/2012 10:02:08 AM     (No. 9015852)

Its been projected that the tax on the rich will cost the economy 750,000 jobs. It will impact(lower) the deficit about $800 billion. That means instead of owing 16 TRILLION...we owe 15.2 TRILLION. How does that solve the problem. It appears to make it worse, because now we have another 750,000 unemployed people who not only are not paying any taxes, but they are collecting government benefits.

  Click Here if you Like this Comment

   1  person like this.

Reply 10 - Posted by: oh-heck, 11/15/2012 12:46:47 PM     (No. 9016399)

Those who know economics know that the Clinton tax rates will produce more revenue, not from the top rates, but from the lower brackets. Many more people will have skin in the game. This is particularly true for the Payroll Tax Holiday which reduced the burden of that tax. The people that will see the largest increases in their tax rates are the poor and middle class. There may be some increased revenue from the rich, but they have been preparing their strategies for how to defer or shift income to tax free sources.

  Click Here if you Like this Comment

   1  person like this.

Post Reply   Close thread 712071

Below, you will find ...

Most Recent Articles posted by "Pluperfect"


Most Active Articles (last 48 hours)

Most Recent Articles posted by "Pluperfect"

The Clintons´ ´conspiracy commerce´ memo
Politico, by Hadas Gold    Original Article
Posted By: Pluperfect- 4/19/2014 4:31:20 AM     Post Reply
The famous Clinton White House document known as "the conspiracy commerce memo" has finally surfaced. The memo, which details how right-wing conspiracy theories made their way into the mainstream press, was written in 1995 and first acknowledged by the White House in 1997. The idea of a “conspiracy” was also famously referred to by Hillary Clinton in 1998, when she cited a “vast right-wing conspiracy that has been conspiring against my husband since the day he ran for president.” The memo, part of the latest trove of documents released by the Clinton Presidential Library on Friday, outlines “the communication stream of conspiracy




Obama Executive Order Makes Foreign
Armies Eligible for DoD Medal
PJ Media, by Bridget Johnson    Original Article
Posted By: Pluperfect- 4/19/2014 4:29:04 AM     Post Reply
President Obama signed an executive order today extending eligibility for the third-highest Defense Department recognition to foreign armies. “Executive Order 12019 of November 3, 1977 (Establishing the Defense Meritorious Service Medal), is amended by inserting, ‘or to any member of the armed forces of a friendly foreign nation,’ after ‘any member of the Armed Forces of the United States,’” said the short order. Worn between the Purple Heart and Meritorious Service Medal, the Defense Meritorious Service Medal is awarded to military personnel “serving with or assigned to a number of joint activities including the Secretary of Defense, organizations of the Joint Chiefs

U.S. ground troops going to
Poland, defense minister says
Washington Post, by Fred Hiatt    Original Article
Posted By: Pluperfect- 4/19/2014 4:21:39 AM     Post Reply
Poland and the United States will announce next week the deployment of U.S. ground forces to Poland as part of an expansion of NATO presence in Central and Eastern Europe in response to events in Ukraine. That was the word from Poland’s defense minister, Tomasz Siemoniak, who visited The Post Friday after meeting with Defense Secretary Chuck Hagel at the Pentagon on Thursday. Siemoniak said the decision has been made on a political level and that military planners are working out details. There will also be intensified cooperation in air defense, special forces, cyberdefense and other areas. Poland will play a

Student Fought Bureaucrats For Justice
Associated Press, by Toby Sterling    Original Article
Posted By: Pluperfect- 4/19/2014 3:57:03 AM     Post Reply
AMSTERDAM -- Charlotte van den Berg was a 20-year-old college student working part-time in Amsterdam´s city archives when she and other interns came across a shocking find: letters from Jewish Holocaust survivors complaining that the city was forcing them to pay back taxes and late payment fines on property seized after they were deported to Nazi death camps. How, the survivors asked, could they be on the hook for taxes due while Hitler´s regime was trying to exterminate them? A typical response was: "The base fees and the fines for late payment must be satisfied, regardless of whether a third party,

Prosecutor Says Mate Steering
Waters For First Time
Associated Press, by Staff    Original Article
Posted By: Pluperfect- 4/19/2014 3:54:01 AM     Post Reply
MOKPO, South Korea -- A prosecutor says that the third mate steering a South Korean ferry at the time of a major accident was navigating those waters for the first time. Senior prosecutor Yang Jung-jin told reporters that the 25-year-old mate was steering the ship as it passed through an area with lots of islands clustered close together and fast currents. The ferry sank Wednesday. More than 270 people are still missing. Yang says that another mate usually took controls through the area. But because heavy fog caused a departure delay, the third mate was steering the ship through the waters. Yang says

White House blames fox for
destroying Michelle’s garden
Daily Caller, by Vince Coglianese    Original Article
Posted By: Pluperfect- 4/18/2014 3:59:04 PM     Post Reply
The White House is going to war with another fox — and this time, it’s personal. The Wall Street Journal reports that a red fox has been causing chaos around the White House, tripping security alarms, digging up Michelle’s garden and distracting the president from his duties. The Secret Service won’t give any details about how often the fox trips the White House’s obviously sophisticated security alarms, but rest assured, officials say, they’re watching. President Obama was apparently “stunned” to see the fox roaming freely down the oft-photographed White House colonnade, home to the world’s shortest, but most dramatic, outdoor strolls. The bushy-tailed visitor




The Debate Will Be Over When the
American People Say It’s Over
Weekly Standard, by Jeffrey H. Anderson    Original Article
Posted By: Pluperfect- 4/18/2014 3:55:34 PM     Post Reply
Shortly after the Supreme Court’s decision on Obamacare, the CBO projected that 9 million people would buy Obamacare-compliant insurance through newly established government-run exchanges. Now, after an enrollment period that his administration expanded by about two months—to more than half a year—President Obama says that 8 million people have “signed up” for (but in many cases haven’t actually bought) insurance through those exchanges. The Obama administration’s stated goal was to have 39 percent of those who bought such insurance be between the ages of 18 and 34. Now Obama says the actual percentage is 28 percent. Only in Washington, D.C. could someone

Most Active Articles (last 48 hours)

Kim Novak responds to post-
Oscars ridicule: ‘I was bullied.’

53 replie(s)
Washington Post, by Soroya Nadia McDonald    Original Article
Posted By: MissMolly- 4/18/2014 5:02:40 AM     Post Reply
After presenting at the Academy Awards this year, Kim Novak didn’t want to leave her house. The Hitchcock screen siren, 81, was too humiliated to venture from her home near the Rogue River in Oregon. She read the cruel posts and Internet snark about her appearance, and it was just too much. “It got to me like it gets kids and teenagers,” she told the Associated Press. The “Vertigo” actress, considered one of the great beauties in her day, posted a note on her Facebook wall Thursday, acknowledging that she’d gotten fat injections in her face and addressing her halted

Analysis: Obama Celebrates
Eight Million ´Enrollments,´
Again Declares Debate ´Over´

44 replie(s)
Townhall, by Guy Benson    Original Article
Posted By: KarenJ1- 4/17/2014 8:56:28 PM     Post Reply
President Obama addressed the White House press corps today, announcing that with the final numbers in, Obamacare´s exchanges have attracted eight million sign-ups -- 35 percent of whom are "under the age of 35," he said. Several elements of his comments were misleading: (1) At first blush, the 35 percent stat is both significant and impressive. As recently as last month, the share of "young invincibles" signing up for plans was struggling in the 25 percent range, far short of the actuarial target of nearly 40 percent. A leap into the mid-30´s, while still shy of the goal, would constitute a major step, and would bode well for the risk pools'

The Folly Of The Bundy Ranch Rebellion
43 replie(s)
The Federalist, by Grace Olmstead    Original Article
Posted By: Pluperfect- 4/18/2014 4:21:46 AM     Post Reply
It’s the stuff of Westerns: a showdown on the desert plains, the big bad government against an underdog farmer. Though the story has only grabbed national headlines in the past several days, rancher Cliven Bundy has illegally grazed cattle on the Nevada land surrounding his farm for over 20 years. He hasn’t paid grazing fees since 1993, and refuses to renew the necessary grazing permit.(Snip)Rather than using the avenues and pathways presented to him, Bundy has staunchly declared his own law and allegiances. Unfortunately, reality doesn’t work this way. If only it did—we could rebel for paying stupid taxes, refuse to

Students Demand Acknowledgement of
Robert E. Lee´s ´Racist and Dishonorable Conduct´

42 replie(s)
Breitbart´s Big Government, by AWR Hawkins    Original Article
Posted By: Desert Fox- 4/18/2014 12:35:28 PM     Post Reply
A group of seven multiracial Washington and Lee University (W&L) students are demanding the school remove all Confederate flags from campus and "acknowledge" General Robert E. Lee´s "dishonorable side." According to the Roanoke Times, "seven multiracial students, calling themselves ´The Committee,´" have also demanded the school "acknowledge and apologize for participating in chattel slavery." They want recognition of "Martin Luther King Jr. Day on the undergraduate campus" and an end to "neo-Confederates" marching across campus "to the Lee Chapel on Lee-Jackson Day." The students say they will "engage in civil disobedience" if their demands are not met by September 1st. They added: "The



Pelosi assists in Holy Week
foot-washing ritual

28 replie(s)
San Francisco Chronicle, by Staff    Original Article
Posted By: Harlowe- 4/18/2014 11:46:54 AM     Post Reply
To "honor the dignity and work of immigrants," Democratic House Minority Leader Nancy Pelosi helps Bishop Marc Andrus wash the feet of two children Thursday at Saint John the Evangelist Episcopal Church in San Francisco. Pelosi also used the occasion to talk about passing HR15 - bipartisan immigration legislation that her office says would "reduce the deficit by nearly $1 trillion, secure our borders, unite our families, protect our workers and provide an earned pathway to citizenship." The Democratic leader´s ceremony coincides with Pope Francis´ similar ceremony in Rome to mark Holy Week.

Deadbeat on the Range
27 replie(s)
New York Times, by Timothy Eagan    Original Article
Posted By: Pluperfect- 4/18/2014 3:52:52 PM     Post Reply
Imagine a vendor on the National Mall, selling burgers and dogs, who hasn’t paid his rent in 20 years. He refuses to recognize his landlord, the National Park Service, as a legitimate authority. Every court has ruled against him, and fines have piled up. What’s more, the effluents from his food cart are having a detrimental effect on the spring grass in the capital. Would an armed posse come to his defense, aiming their guns at the park police? Would the lawbreaker get prime airtime on Fox News, breathless updates in the Drudge Report, a sympathetic ear from Tea Party Republicans?

Illinois Dems to offer $100 million in
taxpayer money to lure Obama library site

25 replie(s)
Investor´s Business Daily, by Andrew Malcolm    Original Article
Posted By: SurferLad- 4/18/2014 9:15:50 AM     Post Reply
First, the good news: We are close enough to the end of the Obama presidency for his crowd to talk about a presidential library. Now, the bad news: Obama´s retirement is still 1,008 days distant. Plenty of time though to round up the dough to build it somewhere. Figure they need Solyndra-style money, at least $500 million. The last two presidents – Bill Clinton and George W. Bush -- built their legacy edifices totally with private money. [Snip] However, Obama supporters have a different take. They think taxpayers should put up $100 million in public money for Obama´s library.


Post Reply   Close thread 712071

Home Page | Latest Posts | Links | Must Reads | Update Profile | RSS | Contribute | Register | Rules & FAQs
Privacy Policy | Search | Post | Contact | Logout | Forgot Password | Search Using Google

© 2014 Lucianne.com Media Inc.