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Lsut81
USA Fan
Member since Jun 2005
61390 posts

Re: Fiscal Cliff; Taxes vs Cuts


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 .







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constant cough
LSU Fan
Lafayette
Member since Jun 2007
33464 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


100%

Republicans will cave in. Obama will get what he wants. And Republicans will get all the blame.







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Scruffy
USA Fan
Member since Jul 2011
25772 posts
 Online 

re: Re: Fiscal Cliff; Taxes vs Cuts


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.





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tigeraddict
LSU Fan
Baton Rouge
Member since Mar 2007
4590 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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


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Lsut81
USA Fan
Member since Jun 2005
61390 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.






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TigerFanatic99
LSU Fan
Elkhart, IN
Member since Jan 2007
1929 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
20285 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.





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udtiger
LSU Fan
Louisiana
Member since Nov 2006
22380 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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






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buddhavista
Member since Jul 2012
3543 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.






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UncleFestersLegs
Columbia MO
Member since Nov 2010
964 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.






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buddhavista
Member since Jul 2012
3543 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.






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Lsut81
USA Fan
Member since Jun 2005
61390 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.






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UncleFestersLegs
Columbia MO
Member since Nov 2010
964 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.






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junkfunky
LSU Fan
Mickey's Clubhouse
Member since Jan 2011
12505 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


2:1 is laughable and 0:1 is outright retarded.





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buddhavista
Member since Jul 2012
3543 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.






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buddhavista
Member since Jul 2012
3543 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.






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UncleFestersLegs
Columbia MO
Member since Nov 2010
964 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.






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buddhavista
Member since Jul 2012
3543 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.







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Lsut81
USA Fan
Member since Jun 2005
61390 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.






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buddhavista
Member since Jul 2012
3543 posts

re: Re: Fiscal Cliff; Taxes vs Cuts


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.






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