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JohnDavid1967

JohnDavid1967
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  • Bloomberg reports Pres. Obama will offer a mini-deal to avert some of the effects of the fiscal cliff’s tax and spending changes, including delaying or replacing some automatic spending cuts scheduled to begin Jan. 1. A mini-deal could include a cap on tax increases at $400K in earnings and an alternative minimum tax patch. Stocks remain stuck in the red. [View news story]
    This is what you get with divided government when 1 or both sides are unwilling to compromise.

    I tend to blame the Republicans more than the Democrats because they appear to be the side that is less willing to compromise.

    My own perception is that spending needs to be cut dramatically. I would prefer to keep SS and Medicare as intact as possible. Taxes (i.e. Revenue) need to go up. We are at historic lows for both personal and corporate taxes.

    But hey, what do I know, I'm only a concerned citizen :)
    Dec 28 01:48 PM | 3 Likes Like |Link to Comment
  • Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
    Ahhh, the ole "I'm going to take my ball and go home" argument. You are certainly free to do that if you like. It sure beats hanging out an whining about things.
    Dec 24 02:04 AM | Likes Like |Link to Comment
  • The Obama administration issues the framework of a long-term study on whether fracking for natural gas pollutes drinking water, but will not make conclusions until 2014 about the controversial technique. Power utilities, chemical companies and other big consumers of natural gas fear the study could lead to more regulations and raise their costs[View news story]
    I'm always amazed at reading commentary here. Why in the world would we not want to FULLY understand the impacts of fracking on our environment and drinking water? I agree that it has been wonderful with regards to the impact on our economy; but is it worth it if we are poisoning people in the process?
    Dec 23 05:20 AM | 2 Likes Like |Link to Comment
  • Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
    Hmmm, by your logic then, maybe the Republicans should vote on the plan put forth by the President and the Senate. I mean, after all, they "control" 2/3 of the government. Oh, wait, that means it's kinda the republicans fault... so, I guess maybe that is not a good idea after all...
    Dec 23 05:19 AM | Likes Like |Link to Comment
  • Plan C. Acknowledging there is no time to craft a "grand bargain" before year end, the President urges Congress to pass a stopgap measure, saying he'll immediately sign a bill allowing unemployment benefits to continue and preventing tax hikes on those with income under $250K/year. [View news story]
    Yes, Yes, and Yes. This.

    Capitalism in it's purest form would eventually concentrate all wealth to a very select minority of people. That is why we have regulations, unions, redistribution, etc. Don't misunderstand me. I think it is kind of like Democracy. They are both horrible systems filled with problems. But, they are still FAR better than any other system out there...
    Dec 23 05:02 AM | Likes Like |Link to Comment
  • Finishing Touches Friday: The November Comeback [View article]
    Someone has been watching too much Fox news ...
    Dec 2 03:26 AM | Likes Like |Link to Comment
  • Best. Infographic. Ever. Among the things I learned: The U.S.'s 400 richest people have a greater combined net worth than the country's bottom 50%.  [View news story]
    Bwahahahahaha!!! You are absolutely correct. Those dang poor people should be proud to live here and be poor. I mean, after all, it would be so much worse for them if they lived somewhere else. And their lack of money or resources is justified 'cause, well, it is a sign of FREEDOM!!

    I mean geez, what the heck could possibly be wrong with having 400 people hold more wealth than 150 million people? I mean this is surely a sign that we have reached the VERY APEX of a free, just, capitalist society. Right?
    Nov 25 12:21 AM | 3 Likes Like |Link to Comment
  • How bad is the supercommittee? The "cuts" it was charged with finding were bogus in the first place - nothing was to be cut, just rate of increases being slowed - and it couldn't even manage that, writes Caroline Baum. Now automatic spending cuts are to be phased in, but Congress is already plotting to prevent this.  [View news story]
    Completely disagree. It is funny that you (and others) like to use the word "entitlement" when describing social security and medicare. These "entitlements" are funded by specific taxes which, until recently, have covered the entire cost of these programs. I've paid into these programs my entire life, and I expect to receive the benefits.

    What has not been funded is the Iraq / Afghanistan debacles or the Bush tax cuts. I think it is pretty disgusting to talk about paying for these wars and tax cuts by taking away money from elderly and sick (or, in other words - "funded" programs).
    Nov 23 12:01 AM | 2 Likes Like |Link to Comment
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