| Posted by | Message |
Lsut81 
LSU Fan
Member since Jun 2005
54952 posts
 Online
| Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 11:39 am)
What do you think the chances are that the Repubs agree to immediate tax increases in exchange for cuts down the road?
In reading the latest news that the Dems have not put any cuts on the table, I am thinking that the Repubs are falling into a trap 
I'm giving it 50/50 at this point that the republicans are stupid enough to go through with it .
|
| Back to top | Share on  |
constant cough 
New Orleans Saints Fan
Lafayette
Member since Jun 2007
28426 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 11:46 am to Lsut81)
100%
Republicans will cave in. Obama will get what he wants. And Republicans will get all the blame.
|
| Back to top | |
Scruffy 
USA Fan
Team Hugo Stiglitz 4 Life
Member since Jul 2011
17685 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 11:51 am to Lsut81)
I can damn near guarantee it'll be tax increases with cuts in future spending increases, and that will be either nullified by congress at a later date or made insignificant by increases in spending.
|
| Back to top | |
tigeraddict
LSU Fan
Baton Rouge
Member since Mar 2007
4437 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 11:53 am to constant cough)
quote:
Republicans will cave in. Obama will get what he wants. And Republicans will get all the blame.
this
however, they should say give me 2008 Bush spending rates and we will give you 2000 Clinton tax rates
edit:
2008 budget spent just under $3T, 2012 estimated $3.8T ($1.3T deficit)
2000 tax rates are pre-Bush cuts...
This post was edited on 11/29 at 12:00 pm
|
| Back to top | |
Lsut81
LSU Fan
Member since Jun 2005
54952 posts
Online
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 11:53 am to Scruffy)
I know it happened under Bush 1 but I heard the same thing happened under Reagan too? 
And I agree, there will never be any cuts which is the reason the Repubs need to let the fiscal cliff happen and then work on an agreement after the cuts have already kicked in.
|
| Back to top | |
TigerFanatic99
LSU Fan
Elkhart, IN
Member since Jan 2007
1210 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 11:56 am to Scruffy)
quote:
I can damn near guarantee it'll be tax increases with cuts in future spending increases, and that will be either nullified by congress at a later date or made insignificant by increases in spending.
This is a topic in which Scruffy is spot on about in thread after thread.
I want to know why it's only the republicans who have to compromise. democrats are getting ZERO heat about refusal to even consider entitlement cuts, while republicans are getting blasted for not wanting to compromise on tax increases. it's amazing hypocracy.
|
| Back to top | |
C
LSU Fan
The Woodlands, TX
Member since Dec 2007
17404 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 12:04 pm to constant cough)
The media is so in the bag for democrats this is really a no win situation for republicans unless they completely cave and allow democrats policies to lead this country to failure; winning the politics of " I told you so" but dooming our country for generations.
|
| Back to top | |
udtiger
LSU Fan
Louisiana
Member since Nov 2006
18073 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 12:05 pm to Lsut81)
quote:
What do you think the chances are that the Repubs agree to immediate tax increases in exchange for cuts down the road?
100%
They are that stupid
|
| Back to top | |
buddhavista
Member since Jul 2012
3543 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 12:07 pm to Scruffy)
quote:
I can damn near guarantee it'll be tax increases with cuts in future spending increases, and that will be either nullified by congress at a later date or made insignificant by increases in spending.
pretty much this.
There is a small chance there will be a "grand bargain" that could be a huge win - real spending cuts, tax increases, and entitlement reform
Very small. I think obama would love to see that as he appears to be more concerned about his place in history than what is good for the nation. And this would cement him as one of the top presidents of the last 100 years. unfortunately I think the republicans HATE obama too much to do a grand bargain.
|
| Back to top | |
UncleFestersLegs
Columbia MO
Member since Nov 2010
532 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 12:58 pm to buddhavista)
quote:
And this would cement him as one of the top presidents of the last 100 years. unfortunately I think the republicans HATE obama too much to do a grand bargain.
It's good that you've already gotten the blame assigned. Saves having to worry about it later.
|
| Back to top | |
buddhavista
Member since Jul 2012
3543 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 1:15 pm to UncleFestersLegs)
quote:
It's good that you've already gotten the blame assigned. Saves having to worry about it later.
I think the chances of a grand bargain are very small, even one being proposed is probably not going to happen.
But if it fails, I do think it will likely be the republicans at fault on that one.
|
| Back to top | |
Lsut81
LSU Fan
Member since Jun 2005
54952 posts
Online
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 1:22 pm to buddhavista)
Why is it the republicans fault? Our problem isn't a revenue problem, it's a spending one..... This is a few years old but a good example
quote:
This brilliantly cuts through all the political doublespeak we get. It puts things into a much better perspective.
- U.S. Tax revenue: $2,170,000,000,000
- Fed budget: $3,820,000,000,000
- New debt: $1,650,000,000
- National debt: $14,271,000,000,000
- Recent budget cuts: $38,500,000,000
Let's now remove 8 zeros and pretend it's a household budget: - Annual family income: $21,700
- Money the family spent: $38,200
- New debt on the credit card: $16,500
- Outstanding balance on the credit card: $142,710
- Total budget cuts so far: $385
Stop talking about taxes and start talking about spending.
|
| Back to top | |
UncleFestersLegs
Columbia MO
Member since Nov 2010
532 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 1:34 pm to buddhavista)
quote:
But if it fails, I do think it will likely be the republicans at fault on that one.
Like the last one eh? Because Woodward is a hack or something.
|
| Back to top | |
junkfunky
LSU Fan
I can't find my village
Member since Jan 2011
9830 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 1:38 pm to Lsut81)
2:1 is laughable and 0:1 is outright retarded.
|
| Back to top | |
buddhavista
Member since Jul 2012
3543 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 1:41 pm to Lsut81)
quote:
Why is it the republicans fault?
well nothing has happened yet. But if a grand bargain is floated and doesn't happen, I think it will be the republicans fault.
I could very well be wrong. i don't think a grand bargain is going to be floated though.
quote:
Our problem isn't a revenue problem, it's a spending one..... This is a few years old but a good example
Its a revenue and spending problem. Mostly a spending problem but also our revenues are lower than historical norms. And well we did borrow a shite ton of money to finance wars.
|
| Back to top | |
buddhavista
Member since Jul 2012
3543 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 1:43 pm to UncleFestersLegs)
quote:
Like the last one eh? Because Woodward is a hack or something.
I just say I don't trust woodward. I didn't say it was obama or boehner's fault.
yall just want to get angry with someone.
|
| Back to top | |
UncleFestersLegs
Columbia MO
Member since Nov 2010
532 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 1:47 pm to buddhavista)
quote:
I just say I don't trust woodward
My link wasn't from Woodward. The relevant portion was quoted. I'm sure you just missed it.
|
| Back to top | |
buddhavista
Member since Jul 2012
3543 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 1:56 pm to UncleFestersLegs)
quote:
My link wasn't from Woodward. The relevant portion was quoted. I'm sure you just missed it.
yeah, I never responded to that.
I am not reading a 6 page article on the subject. But I would not be surprised to see that it was obama's fault.
|
| Back to top | |
Lsut81
LSU Fan
Member since Jun 2005
54952 posts
Online
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 1:57 pm to buddhavista)
quote:
Its a revenue and spending problem. Mostly a spending problem but also our revenues are lower than historical norms. And well we did borrow a shite ton of money to finance wars.
If the Dems got what they want it would equate to right at 80b a yr in increases... Yes it is something, but it won't make a fricking dent. The only true way to do something is MAJOR entitlement reforms and bring more tax payers to the table.
|
| Back to top | |
buddhavista
Member since Jul 2012
3543 posts
| re: Re: Fiscal Cliff; Taxes vs Cuts (Posted on 11/29/12 at 2:00 pm to Lsut81)
quote:
The only true way to do something is MAJOR entitlement reforms and bring more tax payers to the table.
PLUS a major cut in military spending.
Its not going to happen though.
|
| Back to top | |
