OBAMA: There Won't Be A Debt Ceiling Negotiation This Time!!! | |
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Anonymous Coward (OP) User ID: 29136456 Portugal 12/05/2012 11:24 AM Report Abusive Post Report Copyright Violation | In "off-the-cuff" remarks at the Business Roundtable in Washington, D.C, today, President Barack Obama was firm in a stance that he would not be "playing that game" of negotiating the raising of the debt ceiling. He said a rise in the debt ceiling would have to be a part of a deal to avert the so-called "fiscal cliff." Obama quoted John Engler, the president of the Business Roundtable, who charged that it's "not a good weapon for anything except destroying our own credit rating." "We are not going to play that game again this year," he said. "... We've got to break that habit before it starts." Obama maintained that it's "not possible" to raise enough revenue by simply eliminating loopholes and deductions in the tax code in a deal to avert the so-called fiscal cliff. Obama maintained that for a deal to be reached with Congressional Republicans, marginal tax rates must rise on incomes above $250,000. "The notion that some how we're just going to eliminate charitable deductions is just unlikely," Obama said. Read more: [link to www.businessinsider.com] |
abeliever Members User ID: 17868616 United States 12/05/2012 11:26 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 29126824 United States 12/05/2012 11:27 AM Report Abusive Post Report Copyright Violation | That's $1,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000,000 (unless I forgot some zeros) |
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abeliever Members User ID: 17868616 United States 12/05/2012 11:34 AM Report Abusive Post Report Copyright Violation | Yes, Luis. He has scared many of us already. Now the markets...UGH. Pray for us. I just moved from the midwest to the east coast. I was there for three years. Store after store, and restaurant after restaurant closed. It was sad to see this. More to come, I'm afraid. |
Anonymous Coward (OP) User ID: 29136456 Portugal 12/05/2012 11:42 AM Report Abusive Post Report Copyright Violation | Yes, Luis. He has scared many of us already. Now the markets...UGH. Pray for us. Quoting: abeliever I just moved from the midwest to the east coast. I was there for three years. Store after store, and restaurant after restaurant closed. It was sad to see this. More to come, I'm afraid. really? So it's like Europe countries now... all business closing! |
Anonymous Coward (OP) User ID: 29136456 Portugal 12/05/2012 11:46 AM Report Abusive Post Report Copyright Violation | Obama rejects Republican 'fallback' budget By Greg Robb WASHINGTON (MarketWatch) -- President Barack Obama on Wednesday rejected a nascent Republican plan that would have extended the bitter fight over the fiscal cliff into next year, closer to the deadline when the statutory borrowing limit must be passed. A report in the New York Times said this fallback position was gaining favor among Republican leaders. It would allow them to gain more leverage knowing that an increase in the debt ceiling must be passed. But, in blunt terms, Obama said that he would not negotiate a budget deal with the threat of the debt limit hanging over his head. "That is a bad strategy for America...and it is not a game I will play," Obama said. [link to www.marketwatch.com] |
Anonymous Coward User ID: 25390958 United States 12/05/2012 11:47 AM Report Abusive Post Report Copyright Violation | Thew will take what they can get with impled threats, and when that no longer works they'll show up with a truck and a locksmith and put you on the street if you cant come up with 2 mill cash. |
Anonymous Coward (OP) User ID: 29136456 Portugal 12/05/2012 11:47 AM Report Abusive Post Report Copyright Violation | John Houlehan 5pts 7 minutes ago "That is a bad strategy for America...and it is not a game I will play," Obama said. But he is willing to play the game of the fiscal cliff only if tax rate increases and debt ceiling is lifted? [link to www.marketwatch.com] |
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Anonymous Coward (OP) User ID: 29136456 Portugal 12/05/2012 11:52 AM Report Abusive Post Report Copyright Violation | from FRANK KERRY 5pts 9 minutes ago @John Huffman OBAMA,is acting like he won 48 states! someone needs to remind him,49% of us don't agree with his policies,the Republicans will get blamed for going over the cliff,but he won't come out untarnished,nor have decent relations with the other side,he's misguided! ShareFlag4LikeReply from TERRY NONGIVEN 5pts 5 minutes ago This is the danger of the second term and term limits - he has NOTHING to loose. He is gainfully employed for the next 4 years, guarenteed to loose his job after those 4 years, and from there on out, $1million speaking engagements. [link to www.marketwatch.com] |
Anonymous Coward (OP) User ID: 29136456 Portugal 12/05/2012 11:59 AM Report Abusive Post Report Copyright Violation | Business Insider‏@businessinsider The Debt Ceiling Is Coming Back, And People Are Talking About The Infamous 'Trillion Dollar Platinum Coin' Solution [link to read.bi] |
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Anonymous Coward User ID: 1461756 United States 12/05/2012 12:18 PM Report Abusive Post Report Copyright Violation | University of Michigan...ummm, Detroit is in Michigan. Quoting: Anonymous Coward 1461756 Councilwoman from Detroit said, "we voted fo yo ass, now come bail out what wez call ourz asses." Whoops, let me clarify, BO gets my BP up where my thinkin' gets cloudy...Zerohedge has a graph with a "survey", that is my reference to U of M. |
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Anonymous Coward (OP) User ID: 29136456 Portugal 12/05/2012 12:31 PM Report Abusive Post Report Copyright Violation | Business Insider‏@businessinsider PETER SCHIFF: Eliminating The Debt Ceiling Would Be So Bad That It Could Be Good [link to read.bi] |
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Anonymous Coward User ID: 24957083 United States 12/05/2012 12:36 PM Report Abusive Post Report Copyright Violation | the effective tax rate is over 100% because after you pay what they say, they say you still owe for 'your' piece of the national debt, and that happens to be more than you have, and likely more than you've ever made. Quoting: Anonymous Coward 25390958 Thew will take what they can get with impled threats, and when that no longer works they'll show up with a truck and a locksmith and put you on the street if you cant come up with 2 mill cash. This is no joke. My friend has ended up in this bullshit from the IRS. Basically they said he made $50,000 somewhere and he didn't pay the IRS. He never had 50 grand and now they want him to pay more than what he makes a month, plus huge interest for late payment. They garnished his wages and he can barely even buy food on the table now. |
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