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LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...

 
Luisport

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12/03/2012 12:53 PM

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LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
Business Insider‏@businessinsider

Obama Will Take Twitter Questions On The Fiscal Cliff At 2 PM Today [link to read.bi]

Last Edited by Luisport on 12/03/2012 03:04 PM
Luisport (OP)

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12/03/2012 12:54 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
ohappyodanceohappy
Luisport (OP)

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12/03/2012 12:54 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
zerohedge‏@zerohedge

here we go again: CARNEY SAYS `THERE HAS BEEN PROGRESS' ON FISCAL CLIFF TALKS
Luisport (OP)

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12/03/2012 12:55 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
White House Press Secretary Jay Carney announced Monday that President Barack Obama will answer questions on the fiscal cliff via Twitter this afternoon.

The Twitter Q&A comes as the White House ramps up its public relations campaign to put pressure on Republicans to extend the Bush tax cuts for people earning under $250,000.

The Q&A starts at 2 p.m., under the hashtag #my2k. We'll be liveblogging the president's responses here, so check back for updates.


Read more: [link to www.businessinsider.com]
Luisport (OP)

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12/03/2012 12:59 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
Anyone will twitter any question to Mr President?
Anonymous Coward
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12/03/2012 01:08 PM
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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
Please explain how having the Federal Reserve print $1.00 at the cost of interest(paying back $1.02) versus having US Treasury mint coins at the cost of $0.30/dollar, to be bought by Citizens at $1.00/dollar (making $0.70/dollar) is more fiscally responsible for the country's budget?
Luisport (OP)

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12/03/2012 01:08 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
banana2
Fhirinne

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12/03/2012 01:11 PM
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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
Twatter questions hahahaha ffs sack him
You are the CEO of your own wellness. You need to take back your health from the disease-care system
Anonymous Coward
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12/03/2012 01:11 PM
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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
Correction: government gatekeepers will sort through questions submitted and decide which ones fit the current propaganda agenda...
WhiteShoePrincess

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12/03/2012 01:14 PM
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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
Correction: government gatekeepers will sort through questions submitted and decide which ones fit the current propaganda agenda...
 Quoting: Anonymous Coward 24210762


I agree with this statement 100%.
mrclean

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12/03/2012 01:14 PM
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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
lilbamalockedupbongo
mrclean
Luisport (OP)

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12/03/2012 01:35 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
banana2
Luisport (OP)

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12/03/2012 02:02 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
zerohedge‏@zerohedge

Obama's #My2K "Fiscal Cliff" Twitter-gasm - Streaming Live [link to www.zerohedge.com] …
Anonymous Coward
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12/03/2012 02:05 PM
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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
I'll be sure to plan my life around that.
Luisport (OP)

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12/03/2012 02:08 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
Business Insider‏@businessinsider

LIVE: Obama Takes Twitter Questions On The Fiscal Cliff [link to read.bi]
Anonymous Coward
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12/03/2012 02:13 PM
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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
as long as the crack cocaine & meth keeps flowing, the 54% will not give a fuck
Luisport (OP)

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12/03/2012 02:17 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
Business Insider‏@businessinsider

PHOTO: Obama Takes Twitter Questions On The Fiscal Cliff [link to read.bi]
Luisport (OP)

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12/03/2012 02:48 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
zerohedge‏@zerohedge

Obama Says Tax Cuts for Wealthiest Do Least for Economic Growth. About as much as tax hikes for the poorest
Luisport (OP)

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12/03/2012 02:49 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
zerohedge‏@zerohedge

Obama says open to more smart cuts in spending. Is "smart" the same as "fair"?
Luisport (OP)

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12/03/2012 02:55 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
zerohedge‏@zerohedge

What is the hit to US GDP from tens of thousands of people tweeting trivialities instead of working? #my2k
banana2
Luisport (OP)

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12/03/2012 03:04 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
zerohedge‏@zerohedge

GOP leaders will not agree to higher tax rates.

1 minzerohedge‏@zerohedge

REPUBLICAN PLAN INCLUDES $800 BILLION IN NEW REVENUE

1 minzerohedge‏@zerohedge

BOEHNER DESCRIBES WHITE HOUSE PLAN LAST WEEK AS `LA-LA LAND'

2 minzerohedge‏@zerohedge

Boehner proposes plan with $4 trillion in spending cuts. LOL
Luisport (OP)

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12/03/2012 03:06 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
zerohedge‏@zerohedge

Boehner Responds To Obama's "La-La-Land" Offer [link to www.zerohedge.com] …
Luisport (OP)

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12/03/2012 03:09 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
Business Insider‏@businessinsider

Here's The GOP's First Counteroffer To Obama On The Fiscal Cliff by @brettlogiurato [link to read.bi]
Luisport (OP)

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12/03/2012 03:15 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
There is little detail (more to come) but Boehner's office has just released his rebuttal to Obama's so-called 'un-serious' offer. These numbers do not appear like any change - just as Obama's was no change - so much for compromise. It seems politicians now have zero-beta for the algos - who have given up now the month-end is over...

•*BOEHNER DESCRIBES WHITE HOUSE PLAN LAST WEEK AS `LA-LA LAND'
•*BOEHNER SAYS HE'S OFFERING `CREDIBLE PLAN' ON FISCAL CLIFF
•*BOEHNER SAYS PLAN DESERVES `SERIOUS CONSIDERATION' BY OBAMA
•*HOUSE REPUBLICANS PROPOSE $1.4 TRILLION IN SPENDING CUTS
•*REPUBLICAN PLAN INCLUDES $800 BILLION IN NEW REVENUE
Full letter below:

December 3, 2012

The President
The White House
1600 Pennsylvania Avenue, Northwest
Washington, DC 20500

Dear Mr. President,

After a status quo election in which both you and the Republican majority in the House were re-elected, the American people rightly expect both parties to come together on a fair middle ground and address the nation’s most pressing challenges.

To that end, shortly after the election, we presented you with a balanced framework for averting the fiscal cliff by coupling spending cuts and reforms with new tax revenue. We then welcomed Secretary Geithner to the Capitol on November 29 with every expectation that he would lay out a similarly reasonable path.

Regrettably, the proposal he outlined on behalf of your Administration contains very little in the way of common ground. The proposal calls for $1.6 trillion in new tax revenue, twice the amount you supported during the campaign. The proposal also includes four times as much tax revenue as spending cuts, in stark contrast to the “balanced approach” on which you campaigned. While administration officials are claiming that this proposal contains 2.5 dollars of spending cuts for each dollar in new revenue, counting as part of this ratio previously enacted savings – as if these were new spending reductions – only confuses the public debate. What’s worse, the modest spending cuts in this offer are cancelled out by the additional ‘stimulus’ measures the Administration is requesting. And, this proposal would remove any and all limits on federal borrowing.

We cannot in good conscience agree to this approach, which is neither balanced nor realistic. If we were to take your Administration’s proposal at face value, then we would counter with the House-passed Budget Resolution. It assumes an overhaul of our tax code with revenue remaining at historically normal levels and proposes structural reforms to preserve and protect the Nation's entitlement programs, ensuring they are sustainable for the long-term rather than continuing to grow out of control. Some of its key reforms include:

•The House-passed Budget Resolution assumes enactment of structural Medicare reform that offers future beneficiaries guaranteed coverage options, including a traditional fee-for-service Medicare plan. This proposal is based on recent bipartisan efforts and would provide greater support for the poor and the sick and less support for the wealthy. We achieve these reforms in Medicare without affecting current seniors or those nearing retirement. This would slow the projected explosive spending growth in this program and eventually maintain Medicare spending as a share of the economy at 4.75 percent, thus saving the program for future generations.
•The House-passed Budget Resolution reforms Medicaid and provides states with greater flexibility to better deliver health security to beneficiaries, saving the federal government nearly $800 billion over 10 years.
•Separate from savings in our proposal for the 2010 health care law, the House-passed Budget Resolution envisions hundreds of billions in savings in other mandatory spending, including reforms to Federal employee compensation and the Supplemental Nutrition Assistance Program.
These reforms are, in our view, absolutely essential to addressing the true drivers of our debt, and we will continue to support and advance them. At the same time, mindful of the status quo election and past exchanges on these questions, we recognize it would be counterproductive to publicly or privately propose entitlement reforms that you and the leaders of your party appear unwilling to support in the near-term.

With the fiscal cliff nearing, our priority remains finding a reasonable solution that can pass both the House and the Senate, and be signed into law in the next couple of weeks. The best way to do this is by learning from and building on the bipartisan discussions that have occurred during this Congress, including the Biden Group, the Joint Select Committee, and our negotiations leading up to the Budget Control Act.

For instance, on November 1 of last year, Erskine Bowles, the co-chair of your debt commission, presented the Joint Select Committee with a middle ground approach that garnered praise from many fiscal watchdogs and nonpartisan experts. He recommended that both parties agree to a balanced package that includes significant spending cuts as well as $800 billion in new revenue.

Notably, the new revenue in the Bowles plan would not be achieved through higher tax rates, which we continue to oppose and will not agree to in order to protect small businesses and our economy. Instead, new revenue would be generated through pro-growth tax reform that closes special-interest loopholes and deductions while lowering rates. On the spending side, the Bowles recommendation would cut more than $900 billion in mandatory spending and another $300 billion in discretionary spending. These cuts would be over and above the spending reductions enacted in the Budget Control Act.

This is by no means an adequate long-term solution, as resolving our long-term fiscal crisis will require fundamental entitlement reform. Indeed, the Bowles plan is exactly the kind of imperfect, but fair middle ground that allows us to avert the fiscal cliff without hurting our economy and destroying jobs. We believe it warrants immediate consideration.

If you are agreeable to this framework, we are ready and eager to begin discussions about how to structure these reforms so that the American people can be confident that these targets will be reached.

Again, the American people expect their leaders to find fair middle ground to address the nation’s most pressing challenges. To achieve that outcome, we respectfully request that you respond to this letter in a timely fashion and hope that you will refrain from any further action that would undermine good-faith efforts to reach a reasonable and equitable agreement in this critical matter.

Sincerely,

John Boehner, Speaker
Eric Cantor, Majority Leader
Kevin McCarthy, Majority Whip
Cathy McMorris Rodgers, Republican Conference Chairman
Dave Camp, Chairman, Committee on Ways and Means
Paul Ryan, Committee on the Budget
Fred Upton, Committee on Energy & Commerce
[link to www.zerohedge.com]
pool
Ribbonmind

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12/03/2012 03:18 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
Copying the Pope.
Anonymous Coward 51975085: Sorry to interrupt! We are in desperate need of solid info! it's the new drug around here!
mrclean

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12/03/2012 03:58 PM
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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
This reminds me of what is going on in washington:


mrclean
Luisport (OP)

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12/03/2012 04:08 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
zerohedge‏@zerohedge

Total US Debt Hits $16,369,548,799,604.93; Debt Ceiling Just $63 Billion Away [link to www.zerohedge.com] …
Luisport (OP)

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12/03/2012 04:14 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
Business Insider‏@businessinsider

The GOP Fiscal Cliff Counter Offer Is Brilliant — And It's Actually A Really Good Sign by @grace_lightning [link to read.bi]
Luisport (OP)

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12/03/2012 04:22 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
zerohedge‏@zerohedge

On Friday the US added $47 billion in debt but only $22 billion in cash. New Normal Spending
hiding
Anonymous Coward
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12/03/2012 04:38 PM
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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
Obama thinks the fiscal cliff is something he can do a daredevil act to. He thinks he is Evel Knievel and he can do a jump over the fiscal cliff. The rest of us 99% only have bikes with training wheels still on them. We try that we going over.
Luisport (OP)

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12/03/2012 04:57 PM

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Re: LIVE: Obama Takes Twitter Questions On The Fiscal Cliff!!! Now, Boehner proposes plan with $4 trillion in spending cuts...
zerohedge‏@zerohedge

White House says Republican Fiscal Cliff plan includes "nothing new", Obama unwilling to give up demand for tax hikes on wealthiest