Going over the fiscal cliff "looks like where we're headed," says Senate Majority Leader Reid....


Going over the fiscal cliff "looks like where we're headed," says Senate Majority Leader Reid. S&P 500 losses accelerate, -0.7%.
Comments (86)
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    Going to get my surf board
    27 Dec 2012, 10:24 AM Reply Like
  • wyostocks
    , contributor
    Comments (9115) | Send Message
     
    Four more years of dingy harry saying screw you all.
    27 Dec 2012, 10:25 AM Reply Like
  • limitless
    , contributor
    Comments (84) | Send Message
     
    It takes two to compromise.
    27 Dec 2012, 11:15 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    I listened to this so called speech....it was all the Republicans fault....crybaby stuff...and some very strange sound bites....like changing the rules....he wants to cheat...but he was not leading with this speech...he was deflecting...what a weak member...the world is watching this..and thinking what a joke the USA has become...and we have...
    27 Dec 2012, 10:33 AM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    I thought we were blaming the lindsay lohan family?

     

    To blame just one party is just ignorant, both parties failed here, extremism is alive and well here in the US and it's destroying our ability to compromise.
    27 Dec 2012, 10:35 AM Reply Like
  • Trader's Profit Compass
    , contributor
    Comments (2072) | Send Message
     
    Agreed; incessant whining by both sides is getting very old.....Makes us look like a banana republic.
    27 Dec 2012, 10:35 AM Reply Like
  • rheimerl
    , contributor
    Comments (492) | Send Message
     
    true compromise is needed...BUT Reid has been given a "free ride in the blame game" compared to Boehner
    27 Dec 2012, 10:42 AM Reply Like
  • Charliehbryan
    , contributor
    Comments (115) | Send Message
     
    Balderdash. The Budget Control Act of 2011 is the very legislation that enables the so-called Fiscal Cliff. Last time I checked, Republicans controlled the House when that enabling legislation was passed.

     

    Boner owns this one.
    27 Dec 2012, 10:59 AM Reply Like
  • bukdow
    , contributor
    Comments (860) | Send Message
     
    But we have "diversity" and "equality". That is what is really important. Not mean-spirited things like leadership, accountability and accomplishment.
    27 Dec 2012, 11:15 AM Reply Like
  • Rhianni32
    , contributor
    Comments (2086) | Send Message
     
    Well said wigit5. Both parties are to blame.
    youngman's comment is exactly what is wrong with our government and constituents these days.
    27 Dec 2012, 11:22 AM Reply Like
  • The Money Man
    , contributor
    Comments (16) | Send Message
     
    haha nice bukdow i like
    27 Dec 2012, 11:31 AM Reply Like
  • Lakeaffect
    , contributor
    Comments (1463) | Send Message
     
    This is what we get when we elect a President who is wholly focused on promoting divisivness and hatred. Old against young. Rich against poor. White against Black. Socialists against Capitalists. Urban against Rural. Government against the people. Haves against Have nots. Yes, this is what happens. How can anyone be surprised?
    27 Dec 2012, 11:57 AM Reply Like
  • anonymous#12
    , contributor
    Comments (545) | Send Message
     
    Youngman, you don't live in the US. Stay away please. The less republicans here on the US the better.

     

    And this is all Boehner's fault. He owns the fiscal cliff.
    27 Dec 2012, 12:35 PM Reply Like
  • BCP901
    , contributor
    Comment (1) | Send Message
     
    Couldn't agree more
    27 Dec 2012, 02:11 PM Reply Like
  • evan.prospect
    , contributor
    Comments (704) | Send Message
     
    Your post means nothing.The bill first passed the Senate (Dem controlled), then passed the House (Republican controlled), and then the President (a Democrat) signed it. So who's the enabler 2 out of 3?
    27 Dec 2012, 02:41 PM Reply Like
  • HoldAndBuyInvestor
    , contributor
    Comments (146) | Send Message
     
    Just like it was Bush fault.
    27 Dec 2012, 02:41 PM Reply Like
  • mickmars
    , contributor
    Comments (1312) | Send Message
     
    So, Anonymous, are you helping to finance our deficits by buying nothing but U.S. treasuries? That would be the Democratic thing to do, right?
    30 Dec 2012, 08:59 AM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    mickmars: Your confusing democrats with people who would actually give away their stuff they only want to give away other peoples stuff.
    30 Dec 2012, 09:58 AM Reply Like
  • CommMarine
    , contributor
    Comments (34) | Send Message
     
    That was an agreement, a compromise, as you would say by both parties to do nothing. I thought that was why you supported Obama?
    30 Dec 2012, 12:10 PM Reply Like
  • CommMarine
    , contributor
    Comments (34) | Send Message
     
    Another rabid progressives that knows neither truth nor logic. The agreement was a bipartisan act because neither paty wanted to deal with the issue before 2012 election.
    30 Dec 2012, 12:12 PM Reply Like
  • Joe Eifrid
    , contributor
    Comments (355) | Send Message
     
    So Reid has lost control of the Senate? He can't get a bill through. Isn't that what the media was reporting about Boehner. Obama failed in leadership by insisting that taxes raise on the rich when the house was willing to give him nearly the same revenues in limiting tax deductions.
    27 Dec 2012, 10:33 AM Reply Like
  • rheimerl
    , contributor
    Comments (492) | Send Message
     
    how can this guy even be elected?
    27 Dec 2012, 10:33 AM Reply Like
  • bbro
    , contributor
    Comments (11227) | Send Message
     
    the Hispanic vote....
    27 Dec 2012, 10:37 AM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    Who resuscitated Reid? Is he really alive? He's done so little I thought he died.
    27 Dec 2012, 10:39 AM Reply Like
  • Tack
    , contributor
    Comments (16353) | Send Message
     
    One word: hysteria.
    27 Dec 2012, 10:51 AM Reply Like
  • Leont68
    , contributor
    Comments (1421) | Send Message
     
    bring it on, I moved 80 percent of my 401k to bonds a couple of months ago, awaiting the cliff
    27 Dec 2012, 10:52 AM Reply Like
  • Guardian3981
    , contributor
    Comments (2509) | Send Message
     
    Tax deductions would also hurt the middle class where raising rates on higher incomes would not.
    27 Dec 2012, 10:53 AM Reply Like
  • luckycharlie
    , contributor
    Comments (228) | Send Message
     
    The reason it is the Republicans fault is simple. They are the ones who fear losing their jobs if they vote for any tax increase. The Dems can raise taxes and not be torpedoed by the Tea Party in their primaries. The Republicans are seriously a bunch of gutless sissies who won't do whats right because they are afraid of Grover Norquist and the Tea Party.

     

    Reid and the Dems may also be lacking a spine, but it is impossible for them to compromise with terrified, entrenched morons who refuses to vote for any tax increase whatsoever.

     

    Taxes will go up on everyone and the Republicans will refuse to make a deal, then do their best to blame Obama. If the Republicans just do the right thing, they will raise taxes at the top level, which is obvious to anyone who has a brain and isn't terrified of the idiot brigade (otherwise known as the Tea Party). They won' do that - their plan is to let chaos occur and blame the Democrats.

     

    Thats just rolling the dice with the nation's finances so that maybe you have a better chance of keeping your job for two more years.

     

    Pretty disgusting.
    27 Dec 2012, 10:54 AM Reply Like
  • Hubert Biagi
    , contributor
    Comments (862) | Send Message
     
    What's "pretty disgusting" is no budget in four years.
    27 Dec 2012, 11:14 AM Reply Like
  • jhooper
    , contributor
    Comments (8059) | Send Message
     
    Been just listening to NPR, have we?
    27 Dec 2012, 11:17 AM Reply Like
  • limitless
    , contributor
    Comments (84) | Send Message
     
    or 8 years prior.
    27 Dec 2012, 11:18 AM Reply Like
  • youngman442002
    , contributor
    Comments (5123) | Send Message
     
    I for one....its not that we don´t have enough revenue.....we SPEND to much....that is what the Democrats have to learn......so that is why those so called Tea Partiers...Rape-Publi-... not voting for new taxes...they think and I do to you have enough....way more than enough...its time for the Democrats to cut the freebies...or put this country out of business...which is exactly what they will do...we need to cut 1.4 trillion a year...where is that going to come from Democrats..what is your plan...and how are you going to do that when you add millions a year to welfare programs...
    27 Dec 2012, 11:20 AM Reply Like
  • Charliehbryan
    , contributor
    Comments (115) | Send Message
     
    Your post perfectly illustrates why the franchise should not be universal.
    27 Dec 2012, 11:23 AM Reply Like
  • PFD
    , contributor
    Comments (37) | Send Message
     
    The reason it is the Democrats fault is simple. They are the ones who fear losing their jobs if they vote for any spending reductions. The Republicans can cut spending and not be torpedoed by the Tea Party in their primaries. The Democrats are seriously a bunch of gutless sissies who won't do what's right because they are afraid of Obama and the want more constituents.

     

    Boehner and the Republicans may also be lacking a spine, but it is impossible for them to compromise with terrified, entrenched morons who refuses to vote for any spending decreases whatsoever.

     

    Taxes will go up on everyone and the Democrats will refuse to make a deal, then do their best to blame Boehner . If the Democrats just do the right thing, they will cut spending at the top level, which is obvious to anyone who has a brain and isn't terrified of the idiot brigade (otherwise known as the Liberal Left ). They won' do that - their plan is to let chaos occur and blame the Republicans .

     

    That's just rolling the dice with the nation's finances so that maybe you have a better chance of keeping your job for two more years.

     

    Pretty disgusting. Why can't they see things the right way
    27 Dec 2012, 12:18 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    I see what you did there PFD.... clever guy you damn that other side of the coin....

     

    I revert to what I said previously... both parties are sucking the life out of Americans and turning them against each other. We the people have been lulled into a stupor and have let Washington dictate how we want our country to be instead of us dictating to them how the country should be led.

     

    Vote them all out, term limits, salary caps, and no more free rides for life... you shouldn't get wealthy working for america; america should get wealthy while you work for it.
    27 Dec 2012, 12:37 PM Reply Like
  • evan.prospect
    , contributor
    Comments (704) | Send Message
     
    More like MSNBS where people are told to "Lean Forward" into government spending oblivion.
    27 Dec 2012, 02:43 PM Reply Like
  • luckycharlie
    , contributor
    Comments (228) | Send Message
     
    PFD:

     

    I appreciate your attempt at humor. Its funny in a way and I understand your feeling that both sides are doing the same thing. However, there really is nothing on the Democrat side that compares with the fear-of-Grover that prevents the Republicans from compromising on taxes.

     

    The Democrats are not inclined to cut spending on social programs. The Repubs are just as resistant to cutting spending on the military complex. So neither side wants to cut spending on "their" stuff. However, only one side has drawn a line in the sand over taxes and that inflexibility is hurting the Republican party and the nation.
    27 Dec 2012, 05:11 PM Reply Like
  • wyostocks
    , contributor
    Comments (9115) | Send Message
     
    luckycharlie
    No line in the sand for dems though? Wake up.
    Give me a frigging break.
    27 Dec 2012, 06:17 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    The kool-aid runs thick through his veins.
    28 Dec 2012, 09:34 AM Reply Like
  • CommMarine
    , contributor
    Comments (34) | Send Message
     
    And you thought that up all by yourself? There are many flaws. Tell me wise one, why hasn't Obama submitted a budget in four years? Why has Obama spent in each of the last four continuing resolutions over a trillion dollars more than government takes in? Tell me why Obamacare and it's many new taxes are good? Tell me how it's the GOP's fault if the country goes over the cliff when it is negotiating with itself? Tell me why we need more taxes when the government over spends? Tell me why you haven't voluntarily given more of your wealth to the government to spend?
    30 Dec 2012, 12:19 PM Reply Like
  • blueice
    , contributor
    Comments (4179) | Send Message
     
    Excellent questions, Marine! The Demcos, like the MSM, are very good in spin control; as well as controlling a majority of takers and low information voters...
    31 Dec 2012, 10:09 AM Reply Like
  • luckycharlie
    , contributor
    Comments (228) | Send Message
     
    CommMarine:

     

    I'm not sure if you were asking me, but I'll try to answer your questions...

     

    Why hasn't Obama submitted a budget? Actually he has, but they don't pass Congress. Congress writes the budgets or starts with the one from the president and changes it.

     

    Why are we running budget deficits under Obama? Because Congress passes budgets with big deficits and Obama signs them. Congress writes and passes these irresponsible budgets.

     

    What is good about Obamacare and its new taxes? Well Obamacare does many good things, like raising the age of a dependent to 26 (Good for those with serious diseases who would have no coverage), eliminating the insurance company denial of coverage for pre-existing conditions (useful for anyone who has been screwed by their insurer) and creating a public safety net, providing insurance coverage to those who cannot buy it. This is intended to help the medical system which normally absorbs that burden. I'm not sure what new taxes are tied to Obamacare - for anyone who has insurance I think there are few, if any new taxes.
    If you refuse to get coverage, I think there is an IRS penalty of some sort.

     

    Why is it the GOP's fault if we go over the cliff? First of all the cliff is just hype. We need more responsible budgets, as you yourself seem to believe. Going over the cliff raises taxes and cuts spending, so I would think you'd be for it. In my opinion it is the GOP's fault because they have been completely inflexible on raising taxes, which nearly every reasonable economist says we need to do.

     

    Why more taxes when the government overspends? The government can cut spending and we'll still have big deficits. Bush's tax cuts were just too extreme - helping to make the deficits much worse (after Clinton-era fiscal prudence). So we have to raise taxes back toward the Clinton levels, before the Bush cuts - which look irresponsible to many.

     

    Why haven't I voluntarily given more of my money to the government? I don't want to. Like many people, I think the tax laws should be simple and fair - bring in approximately as much as we spend - sharing the burden. In my opinion corporate taxes are too low, personal income taxes (payroll taxes) are too high and capital gains taxes are relatively too low (compared to taxes on doing work). Guess who has the most clout in DC?
    31 Dec 2012, 11:21 AM Reply Like
  • luckycharlie
    , contributor
    Comments (228) | Send Message
     
    wyostocks,

     

    just tell me what the Dems line in the sand is, please. I like to have constructive conversations/debates. Social security? Obama is willing to make some changes. Medicare? Maybe. But you can't just say "Give me a break" and provide nothing of substance. I am willing to learn from you if you have anything to offer.
    31 Dec 2012, 11:40 AM Reply Like
  • wyostocks
    , contributor
    Comments (9115) | Send Message
     
    lucky
    You tell me, what have the democrats offered to cut? I don't mean a BS slowing of the growth rates, I mean spend less tomorrow than today;real $ cuts.
    Let me save you some time and give you the answer-------nothing.
    31 Dec 2012, 11:51 AM Reply Like
  • luckycharlie
    , contributor
    Comments (228) | Send Message
     
    wyostocks, so you don't have a line in the sand then? That was my point - the Republicans locked themselves into a bad negotiating position by refusing to consider ANY tax increase.

     

    The Dems weren't that rigid/stubborn/foolish.

     

    I never said I was opposed to cutting government spending, but I'd start with our military and some changes to social security.
    31 Dec 2012, 12:28 PM Reply Like
  • redarrow5150
    , contributor
    Comments (1374) | Send Message
     
    It turns out the mayans actually meant Fiscal Cliff and not calendar cliff.
    27 Dec 2012, 10:55 AM Reply Like
  • Bioalchemy
    , contributor
    Comments (175) | Send Message
     
    Four more years, four more years
    27 Dec 2012, 11:15 AM Reply Like
  • kingdoms333
    , contributor
    Comments (49) | Send Message
     
    Harry and his friends don't want to stick their necks out! They don't want taxes to be held at the current levels for anyone. A good way to blame the Repubs and accomplish what the socialists want to do and the American people are soooo naive that they really don't understand why Reid and his friends want to 'really' do!
    27 Dec 2012, 11:15 AM Reply Like
  • luckycharlie
    , contributor
    Comments (228) | Send Message
     
    This silly theme "Americans are so naive, they don't know about the Democrats secret agenda" is annoying. Nobody ever says what the secret agenda is! If I knew somebody had a secret agenda to the detriment of America, I'd spell it out to help others become aware. So what is this agenda that the Republicans are so nobly protecting us against?

     

    Prosperity? Equality? Please inform me.
    27 Dec 2012, 11:35 AM Reply Like
  • Charliehbryan
    , contributor
    Comments (115) | Send Message
     
    Ha-ha. It's a Communist conspiracy to corrupt our precious bodily fluids (my shout-out to fans of Dr. Strangelove)
    27 Dec 2012, 12:46 PM Reply Like
  • Bioalchemy
    , contributor
    Comments (175) | Send Message
     
    OK, let's head into it then. People support democrats, support the president, but wait, what have they done?
    27 Dec 2012, 11:17 AM Reply Like
  • tedd3
    , contributor
    Comments (2) | Send Message
     
    This is sad. The poor and Middle class will suffer. The rich can afford to go over the cliff which includes all the politicians and President. If the house agrees must past senate then president can sign or veto's.In case you have not noticed the president threatens with a veto on discussions, have not got to even pass them. When the budget was not passed way back it was because the president would not sign even though the house and senate agreed he did not want. Yet all the news said was could not come to ageement, but they actually did. He says he is for the people and he listens but he does not. He is spoiled with power and is his way or no way. By the way if you do research you will find that the democrats and president want to raise taxes on everyone and they do so by calling them penalty's. WOW. Also the president will lower the poverty level so you can not get help. Poverty level for 4 is about 24,000.I would like to see these politicians live on that for minimum of 3 years and see how they would react. I would even stretch it to 50,000 and they would not be able to handle it. Remember the programs they talk about the most to cut is social security and Medicare the 2 that all Americans pay into separate from taxes. They need to talk about those that are spent with our taxes to cut and money going to foreign country's and special groups and the list goes on but the 2 they mention most are ones we pay into separate from taxes., and last the employer matches that social security so figure that out for 30 years with 5 % compounded it will amaze you.
    27 Dec 2012, 11:18 AM Reply Like
  • Hubert Biagi
    , contributor
    Comments (862) | Send Message
     
    There are no real cuts in spending in any of these proposed budgets. There is only a reduction in the growth of spending. Even with the Ryan plan, this country will have to borrow money until the year 2040. As far as poverty in this country, those numbers you're trotting out also show there has been little change in the poverty level since the 1960's, this after spending $9T-$16T on ever growing entitlements.
    27 Dec 2012, 11:29 AM Reply Like
  • Vincentjc
    , contributor
    Comments (8) | Send Message
     
    The President and Reid the clone are to blame, failures all who deliberately want to spend us into bankruptcy. Who made them gods to determine fairness? Oh yes I forgot they are self anointed.
    27 Dec 2012, 11:27 AM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    From 2690 to 2612 in the n100 futures. Thanks Reid, nice profit.
    27 Dec 2012, 11:27 AM Reply Like
  • The Last Boomer
    , contributor
    Comments (1059) | Send Message
     
    Ultimately they will kick the proverbial can and extend all tax cuts while postponing all spending cuts. But it is not going to happen immediately. The convergence of the austerity bomb (fiscal cliff) and the debt ceiling has the potential to drag markets down and for a good reason: austerity did not work anywhere in Europe; why would anyone think it is going to work here? Ultimately I am optimistic that the political class won't be able to do their job and will simply extend the status quo for another year or two. This will be good for the economy and for the stock market.
    27 Dec 2012, 12:02 PM Reply Like
  • Petrarch
    , contributor
    Comments (1144) | Send Message
     
    I doubt it matters. Let taxes rise and spending fall. I am fine to pay more so long as all do with me.

     

    This is Obama's to own. The President can get something done here - or not. That's where this lies.

     

    Reid is nothing. Figuratively and literally.
    Bohner is effective but only to a point. He cannot pass a bill that does not cut spending. This is where Obama fails.

     

    If you voted for the clown Obama - you got what you wanted. An extrmist who will not/cannot cut spending. But who wishes taxes to rise.

     

    Don't blame me I voted for Romney.

     

    P
    27 Dec 2012, 12:16 PM Reply Like
  • luckycharlie
    , contributor
    Comments (228) | Send Message
     
    In compromise, both sides need to make concessions. Obama offered Boehner a 10 for 1 trade between spending and tax increases.

     

    Boehner turned it down.

     

    How is it not Boehner's fault? They won't vote to raise taxes no matter what. There is no room for compromise. Even Boehner's Plan B got rejected out of hand by the House Republicans. They are pissing their pants about their moronic pledge to the Grover Norquist deity. So they take the coward's way out and let tax cuts expire so that they can vote to cut them. They are such immature children - thats really all there is to it.

     

    Thank God your vote for Romney didn't get that guy elected. I bet you voted for W twice too. I've voted for the better man 4 times in a row and history has been overwhelmingly on my side.

     

    In case you're confused it was Gore, Kerry (like an adult vs a high school boy) and then Obama over McCain (and his ditsy sidekick) and of course Obama over Romney.

     

    Nothing like an honest, concerned, reasonable, intelligent family man as president to scare the crap out of the lunatic fringe.

     

    Its still Christmas, so I will give you a pass on Bush the first time around (vs Gore).
    27 Dec 2012, 12:40 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    a 10 for 1 trade? please do explain I'm interested.
    27 Dec 2012, 12:56 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    Spending cuts ten years from now and a tax increase in the first year. Ten for one.
    27 Dec 2012, 01:16 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    lol poor texan that wouldn't surprise me in the least...

     

    Obama be like "Would I lie?"
    27 Dec 2012, 01:31 PM Reply Like
  • blueice
    , contributor
    Comments (4179) | Send Message
     
    Wig, he will never reply because you caught him with his pants down...
    27 Dec 2012, 01:44 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    Hmmm that would be odd, I heard Obama is giving out free cell phones you would think they could also give out belts for his pants.
    27 Dec 2012, 01:59 PM Reply Like
  • luckycharlie
    , contributor
    Comments (228) | Send Message
     
    wigit5:

     

    Well the 10 for 1 trade in 2011 is an often-repeated summary of where things stood in 2011, but since you asked, I figured I'd go try to figure out where that number came from.

     

    In general there was an attempt at a grand bargain of $4 trillion in deficit reduction which included $1.2 trillion in revenues. The cuts would come from Medicaid, Medicare, Social Security and military spending. The revenues would consist of $800 billion in elimination of tax loopholes and $400 billion in tax rate increases.

     

    That leaves you with $4 trillion in deficit reduction versus $400 billion in tax rate increases, or a 10-1 trade between deficit reduction and higher tax rates. Yes it ignores the elimination of unidentified loopholes... so I can't really say how much that would affect the average taxpayer.

     

    At one point it seems Obama was considering $1.65 billion in spending cuts in exchange only for the elimination of $1.2 billion in tax loopholes, but no increase in the tax rates.

     

    The New York Times summarized the failed deal as $3 trillion in spending cuts versus $1 trillion in revenue increases, but it doesn't say how much of the revenue was from closing of loopholes and how much was from higher tax rates. If we use $400 billion in higher tax rates, thats a 7.5 to 1 trade in spending cuts versus higher tax rates

     

    Regardless, my assertion of "10 to 1 between spending cuts and tax increases" should have been "$10 of deficit reduction for every $1 in higher tax rates."

     

    http://bit.ly/Ymgrmu
    27 Dec 2012, 06:06 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    appreciate the response since it's 2012 I don't think the 2011 attempt is really relevant.

     

    The only thing that matters is what both sides are willing to compromise on now. I don't think Obama's current offer is 10-1 (I could be wrong, it probably depends on your point of view). That being said the Republicans could offer a little more too...
    28 Dec 2012, 09:37 AM Reply Like
  • luckycharlie
    , contributor
    Comments (228) | Send Message
     
    Obama's current offer is nowhere near 10 to 1, looks like they are giving Boehner nothing for closing the loopholes and trading $1 in cuts for every $1 in higher tax rates. This is not close to what Obama was offering (without consulting Reid and Pelosi, by the way) back in 2011.

     

    One thing that is difficult for the Repubs to live down is that primary campaign debate (if I'm remembering this correctly) where the question was asked if any of the Republican presidential candidates would support a deal in which $3 of spending cuts was matched by $1 in higher taxes. Nobody would agree to the hypothetical deal and I think they all also passed on a 10 for 1 trade.
    31 Dec 2012, 10:49 AM Reply Like
  • Shantail26
    , contributor
    Comment (1) | Send Message
     
    I've been in banking for over 30 years, and I really can't believe you didn't see this coming. Neither one of these guys are going to strike a deal, because the deal was done when they extended the debt limit. Both want this, but neither can get their parties backing. This way, they save face and can blame the other side. There will be no compromise. Hold on, here it comes!
    27 Dec 2012, 12:19 PM Reply Like
  • detto
    , contributor
    Comments (76) | Send Message
     
    Tea bags are like that. Always protecting the rich, punishing the middle class. Disgusting.

     

    Boehner said yesterday that the middle class had too many loopholes and the rich were the ones paying too much. 2014 another defeat of the t bags.
    27 Dec 2012, 12:43 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    not likely detto... whats more likely is more moderate repubs will be kicked out and replaced with more tea party canidates...

     

    its unfortunate but the extremes on both sides are escalating like and arms race the more one side pushes the more the other side pulls.
    27 Dec 2012, 12:57 PM Reply Like
  • blueice
    , contributor
    Comments (4179) | Send Message
     
    Tea Party protecting the rich (could you guys find another noun) after they have already paid 50% of their income to the taxman...LOL

     

    Hey DETTO, what happen to your equality? Were did your fairness go? BOCO and the Demcos protect the likes of Gates, Buffet, and the Soros Brothers...
    31 Dec 2012, 12:04 PM Reply Like
  • marpy
    , contributor
    Comments (1715) | Send Message
     
    You could say " They going Bungee Jumping" !!!! Ye Ha!!!!!
    27 Dec 2012, 01:27 PM Reply Like
  • HoldAndBuyInvestor
    , contributor
    Comments (146) | Send Message
     
    Obama will blame it on Bush.
    27 Dec 2012, 01:32 PM Reply Like
  • tiger8896
    , contributor
    Comments (739) | Send Message
     
    I thought Obama won the election and not Romney and don't all the polls indicate that the majority of Americans support Obama's increase of taxes on those that make more than 250K.

     

    The American people are being held hostage by the Tea Party and Republican conservatives. Increasing spending on defense, unwilling to discuss gun control after Newton, won't even consider raising taxes on even those making 1M a year. One Tea Party member even said "Let's go over the cliff and see what happens", these yahoo's have to go and the sooner the better.
    27 Dec 2012, 01:33 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    The fact that the Republicans and Tea Party folks were elected means that there is a significant portion of the population that disagrees with you and Obama.
    27 Dec 2012, 02:02 PM Reply Like
  • Hubert Biagi
    , contributor
    Comments (862) | Send Message
     
    Our Republic is not based on governance via the will of the majority. That is mob rule. Our government is a representative system where all ideas are included, and decisions are drawn from balance of power, and not from referendums, polls, or the media.
    27 Dec 2012, 02:34 PM Reply Like
  • Poor Texan
    , contributor
    Comments (3527) | Send Message
     
    Hubert. That is what it is supposed to be and has been. A lot of concern that it will morph into mob rule.
    27 Dec 2012, 04:01 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4206) | Send Message
     
    Going over this cliff is a good thing. Obama tax cuts coming instead of Bush tax cuts. Tax cuts for the small people, not the mega rich. What is bad about that?
    27 Dec 2012, 01:33 PM Reply Like
  • HoldAndBuyInvestor
    , contributor
    Comments (146) | Send Message
     
    We are talking about 60B tax money when Obama increased spending by 1T. Obama needs to learn basic economics. Those money gets into economy.
    27 Dec 2012, 01:37 PM Reply Like
  • Hubert Biagi
    , contributor
    Comments (862) | Send Message
     
    Under Obama's ideology, many, many small businesses will be taxed at a higher rate, but I guess if you're on welfare, that's the rich, no?
    27 Dec 2012, 03:06 PM Reply Like
  • wigit5
    , contributor
    Comments (4365) | Send Message
     
    when you're on welfare everyone who isn't is rich
    27 Dec 2012, 03:08 PM Reply Like
  • sa78216dmreit
    , contributor
    Comments (77) | Send Message
     
    They are just rearranging the deck chairs on the Titanic.
    The USA is so broke!
    Don't believe me?
    Take the time to read the Trustees Report on Social Security and Medicare.
    27 Dec 2012, 02:11 PM Reply Like
  • rungrandpa
    , contributor
    Comments (309) | Send Message
     
    The president of the company I worked for last year said the biggest lesson he learned was how much he had to lobby congress to keep them from putting the company out of business through thoughtless tax and policy legislation.
    27 Dec 2012, 02:11 PM Reply Like
  • rungrandpa
    , contributor
    Comments (309) | Send Message
     
    I'm concerned when people cannot entertain an opposing idea without civility. "Get rid of those who disagree" is the road to tyranny.
    27 Dec 2012, 02:11 PM Reply Like
  • $CLU
    , contributor
    Comments (264) | Send Message
     
    OMG!
    We are down a WHOLE 0.5% across the board! (3PM EST)
    Wait? 0.5%? Shouldn't that be more?
    ...
    This is a very slow sinking Titanic.
    27 Dec 2012, 03:20 PM Reply Like
  • Petrarch
    , contributor
    Comments (1144) | Send Message
     
    How we got here

     

    Boehner and Obama cannot agree to a compromise bill
    Obama wants no spending cuts despite getting Boehner to agree to tax hikes. Check the tape. The tax cuts are real the spending cuts are promises.

     

    Boehner said he will introduce "Plan B" into the congress. Reid says that bill will not come tothe Senate and Obama says he will veto it. "Plan B" does not come to the House. Check the tape. This is what Obama and Reid actually said. Is that compromise?

     

    Boehner says it is up to Obama and Reid to figure something out. Whatever the Senate passes he will bring to the House. Check the tape. This is what he really said. Is that "my way or the highway"?

     

    Reid and Obama cannot get anything done. Why? They are in the same party. They have the majority in the Senate. Why can they not bring a bill to the Senate that Obama says he will sign if it passes. This is inexplicable unless... Why? Isn't the truth obvious?

     

    Now we have Charlie Brown Boehner calling the House back on Sunday. That's funny. Watch what Lucy Reid and Obama do in response.

     

    If you read this string - and these are the facts you can only get to one conclusion. There is no interest in a deal on the Democratic side. I have done enough negotiations to understand this. In good faith the Dems should put forth their alternative plan - what is it? Does anyone really know? Reid and Obama together. They will not. They cannot.

     

    Don't Blame Me I voted for Romney

     

    P
    27 Dec 2012, 03:43 PM Reply Like
  • HoldAndBuyInvestor
    , contributor
    Comments (146) | Send Message
     
    Very well said.
    27 Dec 2012, 04:02 PM Reply Like
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