Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus | TigerDroppings.com

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CajunAngele
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Member since Oct 2012
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Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


My title:

Trending on Google Search:Republicans Dare to Scoff the Führer Obama

WASHINGTON | Thu Nov 29, 2012 7:21pm EST

(Reuters) - The Obama administration's opening bid on Thursday in negotiations to avert a year-end fiscal crunch included a demand for new stimulus spending and authority to unilaterally raise the U.S. borrowing ceiling, a Republican congressional aide said.

The proposal, made by Treasury Secretary Timothy Geithner to congressional Republican leaders on Capitol Hill, was seen as offering little the Republicans could agree to and was greeted with laughter, the aide said.

"We can't move any closer to them because they're not even on our planet," the aide said. "It was not a serious proposal."

Obama and congressional Republicans are returning to the bargaining table to prevent across-the board tax increases and deep spending cuts, the so-called fiscal cliff, from taking effect next year.

The president wants Bush-era tax breaks to be extended for all but the wealthiest earners, but Republicans have balked at tax hikes of any kind.

In the maiden bargaining session, Geithner, the president's lead negotiator, proposed raising tax revenues by $1.6 trillion, congressional aides confirmed. That figure is in line with what Obama has said is necessary to achieve long-term deficit reduction of $4 trillion over 10 years.

The administration also sought at least $50 billion in new economic stimulus spending.

Obama's negotiators also sought the ability to raise the nation's borrowing limit unilaterally. Currently, Congress must approve an increase in the debt ceiling, and it was an impasse over that issue that brought the country perilously close to default in 2011.

The administration's proposal would put off across-the-board spending cuts for a year.

In exchange the administration agreed to make $400 billion in spending cuts to entitlement programs, an aide confirmed.

The White House had no comment on the details of the offer.

LINK



This post was edited on 11/30 at 5:36 pm



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CajunAngele
LSU Fan
Member since Oct 2012
11168 posts

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


How dare the republicans! The media want you to stop the nasty republicans! Obama has the greatest stimulus plan in the world. He does not want anyone to see this graphic though...





FORWARD! O_B_E_Y Obama and support Geithner making the debt ceiling infinity plus infinity.

Heil Obama for life!

We can become Greece!!! MOVE FORWARD!!!






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RidiculousHype
LSU Fan
Baton Rouge
Member since Sep 2007
2229 posts

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


quote:

asks more from the wealthiest Americans


They've gone from a 0% tax rate 100 years ago to 37% today. I'd say they're already getting "more".







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CajunAngele
LSU Fan
Member since Oct 2012
11168 posts

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


The entire news article is a campaign for Obama to make up some fake arse blueprint and stimulus to pay off his fat cats that even dems would not vote for in the past. As well as raise the debt ceiling to infinity.

The media thinks Obama has such a mandate now, they can get away with us being full communist Greece.

It is "trending" on google search; don't you see, fight the boogie men republicans that don't want to tax the fat cats Obama wants to pay off.






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CajunAngele
LSU Fan
Member since Oct 2012
11168 posts

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


Just posted the same article WAY more clear to Obama's intentions with the same exact Media scare tactic in the last paragraph.





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DEANintheYAY
USA Fan
LEFT COAST
Member since Jan 2008
30912 posts

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


quote:

They've gone from a 0% tax rate 100 years ago to 37% today. I'd say they're already getting "more".



It was much higher in prior years and 50% as recent as the 80s






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CajunAngele
LSU Fan
Member since Oct 2012
11168 posts

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


quote:

"The only thing preventing us from reaching a deal that averts the fiscal cliff and avoids a tax hike on 98 percent of Americans is the refusal of congressional Republicans to ask the very wealthiest individuals to pay higher tax rates," a White House official said."


Last paragraph is the media taking sides and promoting disaster tactics of Obama with a threat of the bad wolf pubs and fiscal cliff.






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Lsuhoohoo
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University of Louisiana Ragin Cajun
Member since Sep 2007
29670 posts
 Online 

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


quote:

Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus



Does this fricking clown have any solution to our debt problem other than spending more money and increasing the debt? Seriously if you voted for him, frick you. Idiot.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80692 posts

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


IT'S A TRAP!!!








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Diamondawg
Mississippi St. Fan
Mississippi
Member since Oct 2006
10941 posts

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


quote:

IT'S A TRAP!!!

They have one of those at the Bin 612 in Starkville. It could happen.






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CajunAngele
LSU Fan
Member since Oct 2012
11168 posts

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


Even democrats would not vote for Obamas crap in the past. I remember reading one of the stimulus II (I think it was) Obama tried to push through and it had a nationalization of banks with ONE bank plain as can be in it.

Another solyndra company failed yesterday and he wants to continue destroying our economy. The democrats have not passed a budget but somehow they have the idiot american public believing it is all the bad republicans fault.

I think the voters true voice in this past election was more like 2010 but Obama cheated with fraud to win. In 2010 he did not have his dead people bus and vans boots on the ground because HE was not running.

We have to live through this alinsky radical marxist thugs games.






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CajunAngele
LSU Fan
Member since Oct 2012
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re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


P.S. and the fakeass republicans like Boehner, golfing with two salaries. One six figures to do nothing,the other insider trader slush funds they live off the interest from. They only get truly mad, voting in their COLA payraises. They can all KMA!





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ChemE in the OP
LSU Fan
The Flats
Member since Apr 2011
2875 posts

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


quote:

We can become Greece!


Actually, no, we can't.






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CajunAngele
LSU Fan
Member since Oct 2012
11168 posts

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


I nevah voted for Obama. I have common sense.





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CajunAngele
LSU Fan
Member since Oct 2012
11168 posts

re: Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus


Greece will become Greece when we fail, I know.





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