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Topic: Fiscal cliff debate illustrates
true cost of Obama policies |
Fiscal cliff debate illustrates
true cost of Obama policies
Oklahoman [Oklahoma City], by Editorial
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Original Article
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Posted By:garnet, 12/28/2012 9:48:06 AM
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| IF nothing else, the debate over the “fiscal cliff” has dramatically illustrated the true cost of President Barack Obama´s fiscal policies. If the president and Congress don´t reach an agreement, roughly $671 billion in tax increases and spending cuts would take effect — yet the nation would still continue to run a deficit nearly twice the size of the pre-recession 2007 deficit.(Snip)Falling over the fiscal cliff also could result in nearly 30 million additional filers being hit by the alternative minimum tax, including some earning as little as $33,750, according to the IRS.
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Reply 1 - Posted by:
Patriot Forever, 12/28/2012 10:10:28 AM (No. 9087331)
Going over the fiscal cliff is the ONLY way there will be any reduction in spending. Go for it!!!
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Reply 2 - Posted by:
MaryRI, 12/28/2012 10:18:11 AM (No. 9087348)
Ditto #1...
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Reply 3 - Posted by:
snowoutlaw, 12/28/2012 10:25:43 AM (No. 9087372)
It does little to illustrate the true costs of Obama´s policies. The cliff is just the tip of the iceberg, 90% of the costs are hidden and covered up by the media. Obama Care being one of the biggest costs.
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Reply 4 - Posted by:
Not your typical New Yorker, 12/28/2012 10:28:16 AM (No. 9087380)
HEY AMERICA!
Eat the Obama sandwich you voted for last November....ENJOY!
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Reply 5 - Posted by:
markinalpine, 12/28/2012 10:43:55 AM (No. 9087410)
Here´s something that also "illustrates" the problem:
http://1.bp.blogspot.com/-vWZOdVuFeYI/UNyvUa-ReAI/AAAAAAAAHVk/kDrDbnERcZg/s1600/ThumbFun.jpg
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Reply 6 - Posted by:
bpl40, 12/28/2012 10:47:23 AM (No. 9087417)
People who do not pay any income tax will drop from 46% to 34%. That should be a boon to Republicans when one citizen in eight realizes there is no such thing as a free lunch. Lets see how much spine Boehner and Co. show.
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Reply 7 - Posted by:
LanieLou, 12/28/2012 10:58:08 AM (No. 9087437)
Finally! An article that tells the truth. It´s supposed to be about a Budget, stupid!
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Reply 8 - Posted by:
6ironejd, 12/28/2012 12:52:48 PM (No. 9087627)
Why would any of this surprise anyone considering we haven´t had a budget in 4 years?
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Reply 9 - Posted by:
jalo1951, 12/28/2012 1:38:31 PM (No. 9087686)
I agree with #4. But unfortunately we who did not vote for obama will also be getting heartburn from that sandwich. As long as the 47% keep getting those monthly hits to their welfare credit cards they simply do not care. Their "free money" must be reduced in proportion to the pain the workers will be hit with before they actually figure it all out. As you know they are a bit on the dense side.
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Reply 10 - Posted by:
saguni, 12/28/2012 5:54:03 PM (No. 9087936)
A good article, but it did not address the fact that the House of Representatives passed a tax bill in August about tax rates and the alternative minimum tax fix but Harry Reid won´t let it even be debated in the Senate.
There is a "do-nothing" in Congress, his name is Harry Reid!!
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