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Obama May Levy Carbon Tax to Cut U.S. Deficit, HSBC Says
Bloomberg News, by Mathew Carr & Lars Paulsson
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Original Article
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Posted By:KarenJ1, 11/7/2012 12:47:24 PM
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| Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc. A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates. “Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said. Hurricane Sandy sparked discussion
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Comments: That sure didn't take long. Like we didn't see this coming. s/o Extremely heavy sigh.
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Reply 1 - Posted by:
tomanderson61, 11/7/2012 12:52:58 PM (No. 8996721)
See, he isn't going to raise taxes on the middle class. He will get so much more in fees, and the middle class will be paying much more to the government through this angle than they would ever be taxed.
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Reply 2 - Posted by:
jdmii, 11/7/2012 12:53:05 PM (No. 8996724)
Big plans but the House probably would not go along with this idea.
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Reply 3 - Posted by:
redmom, 11/7/2012 12:56:48 PM (No. 8996734)
#2- If he can't get the Congress to act the way he wants, Obamao will act without them.
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Reply 4 - Posted by:
zephyrgirl, 11/7/2012 12:59:21 PM (No. 8996747)
Barry O. will go through the EPA. Only Congress has the power to tax per the Constitution? What Constitution?
Don't count on the SCOTUS to stop him either. Remember how that worked out with Obamacare.
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Reply 5 - Posted by:
planetgeo, 11/7/2012 1:01:16 PM (No. 8996756)
It's the "New, Improved Obama Math"! Twice the wallet cleaning power! Defies the laws of accounting. Reduces deficits by making everything more expense...and, it smells so fresh!
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Reply 6 - Posted by:
QRP, 11/7/2012 1:04:09 PM (No. 8996771)
You are going to love $.50 per KWH electricity. A $500 per month electric bill should get someones attention.
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Reply 7 - Posted by:
aasilver, 11/7/2012 1:05:00 PM (No. 8996774)
The cost of this tax will paid for by the middle class and poor.
These fools can't understand that they just committed economic suicide by electing OBie.
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Reply 8 - Posted by:
Whamdbambam, 11/7/2012 1:06:54 PM (No. 8996786)
Tax bills must originate in the House.
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Reply 9 - Posted by:
Highvoltage, 11/7/2012 1:07:26 PM (No. 8996790)
This is a huge tax on the middle class who will pay for it in higher bills for electricity, fuel, and everything that is produced.
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Reply 10 - Posted by:
belwhatter, 11/7/2012 1:12:49 PM (No. 8996809)
The House controls the purse strings -they can refuse to funding. On the other hand a serious dose of ruinous reality may be the only thing the donkey voters will ever come to understand. Brace yourselves for an increasing misery index.
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Reply 11 - Posted by:
MtGardenerview, 11/7/2012 1:15:26 PM (No. 8996817)
cutting the budget deficit 150 billion will do nothing to reduce the 16 TRILLION national debt. BY 2016 the national will be somewhere North OF 25 TRILLION at the rate the Obama Junta is spending. Get the Vaseline the next four years will be painful.
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Reply 12 - Posted by:
august9, 11/7/2012 1:15:58 PM (No. 8996820)
#8 --- You are half-right.
The middle class will pay, however, the "poor" will receive subsides to counteract the new fees!
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Reply 13 - Posted by:
Bevan, 11/7/2012 1:20:28 PM (No. 8996839)
A fine is a tax on doing wrong. A tax is a fine for doing well.
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Reply 14 - Posted by:
Pearson365, 11/7/2012 1:27:40 PM (No. 8996880)
These estimates of revenues from taxes are always exaggerated, while the reduction of economic activity is always greater than forecast. Making us pay more for electricity and home heating means that we have less to spend for furniture, food or a new car. Compounding lost wealth is that a carbon tax will drive up the costs of goods, so that we can purchase even fewer goods. Or, Zimbabwe here we come!!
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Reply 15 - Posted by:
ok state mom, 11/7/2012 1:50:36 PM (No. 8996971)
Bring it on, Barry. Tax us till we can't breathe. Let your supporters know who you really are. We're ruined as it is so why not just get it over with instead of drawing out the misery.
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Reply 16 - Posted by:
bubby, 11/7/2012 1:54:44 PM (No. 8996981)
Any such taxes if ever collected will be spent and not used to pay down the debt. Typical Democratic con game. Any increase in taxes is always spent and not used to reduce the debt. A balanced budget will always be 10 years out every year so it will never happened. We're toast.
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Reply 17 - Posted by:
nonsense, 11/7/2012 1:59:06 PM (No. 8997000)
I want the Entertainment Industry and the Hollyweirdites to pay more than their fair share of any new taxes. After all, they packaged and delivered this National Nightmare to the country.
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Reply 18 - Posted by:
enuf8, 11/7/2012 2:22:09 PM (No. 8997065)
OK, since the human expells carbon dioxide how much will each individual be taxed.
Perhaps he and the Mooch can keep their traps shut and drastically reduce carbon dioxide.
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Reply 19 - Posted by:
whyyeseyec, 11/7/2012 3:02:51 PM (No. 8997190)
@#7: and we`ll be paying the carbon tax for the `poor` too.
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Reply 20 - Posted by:
disasterman, 11/7/2012 3:05:19 PM (No. 8997196)
$500 electric bills won't bother his supporters at all, most of them will get vouchers to pay their bill. We'll just work harder and pay more fees and taxes to help them with that.
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Reply 21 - Posted by:
OhMy, 11/7/2012 3:14:37 PM (No. 8997241)
What will the price per gallon be to cover the trillion a year that Obama spends? If this is collected everyone will need to freeze in their homes and walk everywhere they go. This means fewer gallons and higher taxes. When is somebody going to explain these realities to the dumb Obama supporters. Carbon taxes and the tax on the "rich" will be a drop in the bucket to Obama spending. I don't think Romney explained that in reply to any of Obama's rantings.
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Reply 22 - Posted by:
Charactercounts, 11/7/2012 4:08:17 PM (No. 8997441)
#18, you're correct. They also get cable TV, Obamaphones, food stamps, Section 8 housing, and WIC payments, not to mention two free meals a day for their kids in school.
The people in NYC who pay their own way (about 20 cents/kilowatt for electric) also pay for these parasites.
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Reply 23 - Posted by:
Rumblehog, 11/7/2012 6:45:37 PM (No. 8997968)
He can't levy squat.
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Reply 24 - Posted by:
oh-heck, 11/7/2012 10:04:13 PM (No. 8998357)
There will be daily floggings until morale improves.
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Reply 25 - Posted by:
kono, 11/8/2012 3:25:50 PM (No. 9000235)
Obama must also think slitting someone's wrists is a viable solution to their high blood pressure problems.
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Below, you will find ...
Most Recent Articles posted by "KarenJ1"
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Most Active Articles (last 48 hours)
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Most Recent Articles posted by "KarenJ1"
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Ex-Prime Minister Baroness Thatcher dies
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BBC [UK], by Staff
Original Article
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Posted By: KarenJ1- 4/8/2013 8:05:55 AM
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Lord Bell said: "It is with great sadness that Mark and Carol Thatcher announced that their mother Baroness Thatcher died peacefully following a stroke this morning." Baroness Thatcher was Conservative prime minister from 1979 to 1990. She was the first woman to hold the post. Her family is expected to make a further statement later. Baroness Thatcher, born Margaret Roberts, became the Conservative MP for Finchley, north London in 1959, retiring from the Commons in 1992. Having been education secretary, she successfully challenged former prime minister Edward Heath for her party´s leadership in 1975.
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Krauthammer: Obama "Essence Of Exactly The System That He Denounced And He Promised He Would Messianically Redeem"
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Real Clear Politics, by Ian Schwartz
Original Article
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Posted By: KarenJ1- 4/5/2013 11:37:06 AM
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CHARLES KRAUTHAMMER: There´s a larger issue here, which I think you´re overlooking. CHRIS WALLACE: No doubt. KRAUTHAMMER: I just have to get that in. I mean, Obama runs in 2008 as the man who is going to change our politics. You know, he is only going to implement new ideas, he is going to change the way Washington works. And the essence of the corruption he was attacking was the money. So, number one, in ´08, he is the first who refuses public financing for his campaign, he raises a billion dollars. And now what he is doing,
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Obama: ‘We Still Waste Money in All Kinds of Things That Don´t Work’
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Weekly Standard, by Jeryl Bier
Original Article
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Posted By: KarenJ1- 4/5/2013 11:11:44 AM
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At a Democratic National Committee fund raising event in Atherton, California Thursday morning, President Obama declared that the United States government still needs to get its fiscal house in order: We still waste money in all kinds of things that don´t work, and we have the capacity to shift those dollars into things that do work and that will grow our economy. And we can reduce our deficit, stabilize our debt, and do so without sacrificing the kinds of investments that are going to be required to grow. During his remarks, the president spoke of the
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Controversial Preacher Removed from Diversity Day Program
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Fox News, by Todd Starnes
Original Article
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Posted By: KarenJ1- 4/5/2013 11:08:11 AM
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Michael Pfleger, the controversial Catholic priest who made racial remarks about Hillary Clinton and defended Louis Farrakhan, has been removed as a keynote speaker at a diversity day event sponsored by a federal government agency. A spokesperson for the Broadcasting Board of Governors told Fox News that Pfleger’s office has been notified that his invitation to address the group has been rescinded. “This is an event that is meant to celebrate inclusiveness and diversity,” spokesperson Lynne Weil told Fox News. “It was deemed by our senior management that it was not appropriate to have him as a speaker.”
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Students Want Anti-Gay Priest Removed from University
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Fox News, by Todd Starnes
Original Article
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Posted By: KarenJ1- 4/5/2013 11:04:03 AM
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Religious liberty groups are mobilizing to defend the chaplain of George Washington University’s Newman Center after gay students launched an effort to have the priest fired because he preaches against homosexuality and abortion. “It’s discrimination against Catholics,” said Patrick Reilly, president of the Cardinal Newman Society. “Secular colleges are fast becoming a very unsafe place for Catholics who hold true to their faith. This is a very, very sad situation.” Two gay students at George Washington told the GW Hatchet student newspaper that they want Father Greg Shaffer removed from campus
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Carney: Obama´s fundraising push for Pelosi in Calif. a ´traditional exercise´
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The Hill [Washington, DC], by Justin Sink
Original Article
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Posted By: KarenJ1- 4/5/2013 10:43:22 AM
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White House press secretary Jay Carney on Thursday defended President Obama´s fundraising swing through California, saying that despite "rhetoric from the other side" critical of the president, his push on behalf of Democratic Minority Leader Nancy Pelosi was "a traditional exercise." "I think it’s important to note that -- because you’ve seen a lot of rhetoric from the other side suggesting that there is something wrong with that -- that Republican leaders in the House and the Senate have been out raising money for Republican candidates;
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First key fight in immigration battle is what to name the reform bill
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The Hill [Washington, DC], by Molly K. Hooper
Original Article
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Posted By: KarenJ1- 4/5/2013 10:39:00 AM
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One of the first political issues negotiators must tackle in crafting an immigration reform bill is among the most important: what to name it. It’s a decision that will bruise egos, create legacies and deeply affect subsequent messaging battles. “Every time the bill is mentioned in the press, you either have a brand that´s positive or a brand that doesn´t mean anything or even hurts you,” said Frank Sharry, the executive director of the pro-immigration reform group America’s Voice. The wrong name, he warned, could doom a good bill. “If there´s not a
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Psychiatrist warned campus police about Aurora shooter a month before mass murder
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Hot Air, by Ed Morrissey
Original Article
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Posted By: KarenJ1- 4/5/2013 10:05:18 AM
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In a revelation that may have Colorado voters rethinking their state’s push on gun control, court documents revealed that the mass shooting in Aurora that killed 12 and injured 70 more could have been prevented by law enforcement. The psychiatrist for suspect, James Holmes, had warned campus police that Holmes was dangerous and homicidal a month before the shooting took place. Lynne Fenton even told the police that Holmes had begun to stalk and threaten her, and yet no action was apparently taken: A University of Colorado psychiatrist told campus police a month before the Aurora
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Rep. Peter King attacks Sen. Marco Rubio for voting against Sandy funding
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Washington Times, by Seth McLaughlin
Original Article
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Posted By: KarenJ1- 4/5/2013 9:58:55 AM
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Rep. Peter King of New York on Friday cast Sen. Marco Rubio as a hypocrite for voting against the the Hurricane Sandy relief package and expressed disbelief that the Florida senator would then turn around and try to raise campaign money in the region. Mr. King questioned how Mr. Rubio could vote against the $60 million in relief for New York and New Jersey when Florida has received loads of federal money for Hurricane victims. “Guys like Marco Rubio of Florida, with all the money that you people have gotten in Florida over the years, with every hurricane
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Attorney General Eric Holder: Jail time for blacks is too long
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Washington Times, by Cheryl K. Chumley
Original Article
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Posted By: KarenJ1- 4/5/2013 9:53:14 AM
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Attorney General Eric Holder expressed “concern” Thursday evening that black men are unfairly served with longer prison sentences than white men and that America’s prison system demands overhaul. “Too many people go to too many prisons for far too long for no good law enforcement reason,” Mr. Holder said, in remarks to the Rev. Al Sharpton’s National Action Network in New York, Politico reported. “It is time to ask ourselves some fundamental questions about our criminal justice system. … It is time to examine our systems and determine what truly works.” Mr. Holder said in the Politico report
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TV news ´lies´ about Obama, ex-speechwriter says
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Washington Examiner, by Paul Bedard
Original Article
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Posted By: KarenJ1- 4/5/2013 9:48:55 AM
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President Obama and other Washington politicians are getting a bum rap on TV news as money-grubbers and power-grabbers, views the president´s former top speechwriter calls lies, especially those aimed at his former boss. Jon Favreau told students at Harvard University´s Institute of Politics that TV portrays political leaders wrongly, and that the public ends up with a bad view of those in power. "I think that a lot of people turn on the news today, a lot of young people, and they hear people tell them that every motivation of every politician on either
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Obama has “no coherent message” for the Arab world
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Washington Examiner, by Sean Higgins
Original Article
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Posted By: KarenJ1- 4/5/2013 9:42:23 AM
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Joyce Karam, Washington correspondent for pan-Arabic daily Al-Hayat, offers a sobering assessment on the Al-Arabiya website of the current administrations efforts in the post-”Arab Spring” Middle East. She begins by noting a how a minor recent diplomatic walkback highlights the White House’s contradictory policy: It was only fitting that the U.S. Secretary of State John Kerry announces another traditional trip to the Middle East on the same day that the U.S. embassy in Cairo withdraws its tweet advancing the case for Egyptian Comedian Bassem Youssef as he faces intimidation from the Mursi government.
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Most Active Articles (last 48 hours)
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McCain: ´I don´t understand´ GOP filibuster on guns
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Politico, by Jennifer Epstein
Original Article
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Posted By: JoniTx- 4/7/2013 12:18:14 PM
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Sen. John McCain says he doesn´t understand the threats from some of his Republican colleagues to filibuster a bill on background checks to buy guns. "I don´t understand it," the Arizona Republican said on Sunday of the threat coming from Sen. Rand Paul,Sen. Ted Cruz, Sen. Mike Lee and nine other Republicans. "The purpose of the United States Senate is to debate and to vote and to let the people know where we stand.” "What are we afraid of? ... If this issue is as important as we all think it is, why not take ... it up and debate?"
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´My bangs are getting a little irritating´: Michelle Obama admits she already regrets her high-maintenance hairdo
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Daily Mail (UK), by Margot Peppers
Original Article
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Posted By: pineledger- 4/7/2013 7:43:42 AM
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Michelle Obama has admitted that she is already tired of the bangs she first sported in January. The First Lady said in an interview with Entertainment Tonight: ´Bangs are a day-by-day proposition. They´re starting to grow out, get a little irritating.´ Still, she hasn´t let her hairdo woes get her down. ´It´s okay,´ she said after her initial complaint. ´We´ll be good.´ The first indication that her hairstyle was becoming a burden came about last weekend, when Malia, 14, was spotted adjusting her mother´s hair during the White House Easter Egg Roll.
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Christians, here´s why we´re losing our religion
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Fox News, by Craig Groeschel
Original Article
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Posted By: STLstudent- 4/7/2013 5:13:55 PM
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Recent research indicates that the number of people who do not consider themselves a part of an organized religion is steadily on the rise. Interestingly enough, though the number of those religiously unaffiliated is increasing, there is little to no trend in the number of those who express atheist or agnostic beliefs. People aren’t saying they don’t believe in God. They’re saying they don’t believe in religion. They are not rejecting Christ. They are rejecting the church. This begs the question, “Why are we losing our religion?”
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Former British prime minister Baroness Thatcher dies peacefully at the age of 87 after suffering a massive stroke
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Daily Mail [UK], by James Nye
Original Article
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Posted By: Attercliffe- 4/8/2013 8:55:39 AM
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Margaret Thatcher, the first female British Prime Minister who gained worldwide renown as the Iron Lady has died aged 87. Developing a formidable partnership with President Ronald Reagan during the 1980s, Mrs. Thatcher stood up to the ´Evil Empire´ of the Soviet Union, eventually witnessing its collapse. [Snip] Responding to her death, Buckingham Palace said, ´The Queen is sad to hear the news of the death of Baroness Thatcher and Her Majesty will be sending a private message of sympathy to the family, Buckingham Palace said today.´ British Prime Minster David Cameron said on hearing of her passing, ´It was
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Broadcasters worry about ´Zero TV´ homes
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Associated Press, by Ryan Nakashima
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Posted By: Ribicon- 4/7/2013 2:43:40 PM
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Los Angeles — Some people have had it with TV. They´ve had enough of the 100-plus channel universe. They don´t like timing their lives around network show schedules. They´re tired of $100-plus monthly bills. A growing number of them have stopped paying for cable and satellite TV service, and don´t even use an antenna to get free signals over the air. (Snip) Last month, the Nielsen Co. started labeling people in this group "Zero TV" households, because they fall outside the traditional definition of a TV home. There are 5 million of these residences in the U.S., up from
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Kim Jong-un Wants Phone Call from Obama - report
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Korea Broadcast Service, by Staff
Original Article
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Posted By: Desert Fox- 4/8/2013 6:56:50 AM
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North Korea’s young leader Kim Jong-un is waiting for United States President Barack Obama to make a phone call to Pyongyang to discuss easing tensions on the Korean peninsula, according to Russia’s news agency Itar-Tass. The report cited United Kingdom diplomats, saying Pyongyang was demanding the U.S. president personally call Kim Jong-un as one of the conditions to relieve the current conflict at hand. Itar-Tass also quoted the U.K.’s Sky News as saying North Korea currently has eight nuclear warheads.
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Mother Of Slain Benghazi Officer To Sean Hannity: ‘They Want Me To Shut Up’
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Mediaite, by A.J. Delgado
Original Article
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Posted By: StormCnter- 4/7/2013 5:00:16 AM
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On Friday, Sean Hannity brought Pat Smith, mother of the late Sean Smith, on his radio program. The 34-year-old information management officer was one of four Americans murdered in the Benghazi embassy attack on September 11, 2012. In the chilling interview, a distraught Ms. Smith, in tears, pleaded for answers and spoke of the efforts to silence her. Ms. Smith first relayed how her son, prior to the attack, requested additional security in advance and warned the State Department: He did tell them, ahead of time, he typed it into his little typewriter over there,
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Vanishing workforce weighs on growth
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Washington Post, by Jim Tankersley
Original Article
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Posted By: Dreadnought- 4/6/2013 11:28:59 PM
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Put out an all-points bulletin: Millions of Americans have gone missing from the workforce. Every month that those would-be workers are gone raises the odds that they might never come back, dimming the prospects for future economic growth. The vanishing trend is more than a decade old, but it accelerated during the Great Recession. Throughout 2012, economists held out hope that it had stopped. But then came Friday’s jobs report, and hopes were dashed. The Labor Department reported that the U.S. labor force — everyone who has a job or is looking for one — shrank
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The Secrets of Princeton
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New York Times, by Ross Douthat
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Posted By: Oblio- 4/7/2013 8:08:09 AM
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Susan Patton, the Princeton alumna who became famous for her letter urging Ivy League women to use their college years to find a mate, has been denounced as a traitor to feminism, to coeducation, to the university ideal. But really she’s something much more interesting: a traitor to her class. Her betrayal consists of being gauche enough to acknowledge publicly a truth that everyone who’s come up through Ivy League culture knows intuitively —
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Is going gluten-free healthier for everybody?
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The Week, by Staff
Original Article
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Posted By: NorthernDog- 4/7/2013 11:28:27 AM
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Gluten-free diets are all the rage, but they can be dangerous if not done right. What is gluten? It´s the spongy complex of proteins, found naturally in wheat, rye, and barley, that gives elasticity to dough and allows it to rise. When flour is moistened and either kneaded or mixed into dough, gluten molecules form an elastic, microscopic latticework that traps the carbon dioxide produced when yeast ferments, causing dough to inflate like a hot air balloon. Baking hardens the gluten, which helps the finished product keep its shape. Wheat — and gluten — is ubiquitous in the American diet.
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Chelsea Clinton doesn´t close door to public office
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USA Today, by Catalina Camia
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Posted By: jackson- 4/8/2013 10:23:20 AM
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Chelsea Clinton has raised her profile in the last few days, which sparked the inevitable question about the former first daughter´s future: Will she ever be like Mom and Dad and run for office? Clinton, 33, essentially said "maybe" in an interview that aired Monday on NBC´s Today show. "Right now I´m grateful to live in a city, a state and a country where I strongly support my mayor, my governor, my president and my senators and my representative," said Clinton, whose father, Bill, was president from 1993-2001 and her mother, Hillary
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