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Raising The Debt Limit

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Author Topic: Raising The Debt Limit  (Read 4300 times)
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ekg
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« on: July 12, 2011, 08:54:30 pm »

really...

i'm sure obama's ego is big enough to believe that...but you...really ?

some would think obama's done that to himself and needs no real help in losing the next vote...

others think this debt limit shit is to break the backs of those that we are indebted too...

while a few believe its just a cycle...that started in the thirties...repeated in the late seventies,early eighties...

and now here we are 35 years later doing it again...me...idk

only difference this go around is we have, so far, the internet...



I think when you ask for double the amount of cuts that they were asking for (from 2 trillion to 4 trillion) and say you're happy to do  the cutting if they'll just close enough loop holes for oil companies and private jet owners to the tune of a meager $750 Billion in tax raises.. plus allow the Bush tax cut to expire in a cpl years.. and the answer you get is a resounding NO we won't budge an inch! It's pretty clear who's banking on what to happen and why..

The question you have to ask yourself isn't isn't how can you believe this.. it's how can you NOT believe it?


Quote
First, he wants to get rid of some corporate tax breaks enjoyed by oil and gas companies as well as buyers of corporate jets. Together, those changes might generate close to $50 billion in revenue over 10 years. He also wants to restore some Bush-era tax rates for high-income households -- a move that could raise roughly $700 billion over a decade. The Bush tax cuts are set to expire at the end of 2012.

In other words, roughly $750 billion in revenue raisers out of what the president hopes will be a $4 trillion package

http://money.cnn.com/2011/07/12/news/economy/debt_ceiling_deal_obama/index.htm?iid=HP_LN&hpt=hp_t1

with all the 'our priority is to make him a one term president' and the absolute foot in every door stopping everything and/or anything from letting this country progress instead of regress, then how is it even a question anymore?
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