Godlike Productions - Conspiracy Forum
Users Online Now: 2,253 (Who's On?)Visitors Today: 764,242
Pageviews Today: 1,125,668Threads Today: 292Posts Today: 6,171
09:46 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!

 
Luisport

User ID: 37784019
Portugal
04/10/2013 07:11 AM

Report Abusive Post
Report Copyright Violation
Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Business Insider‏@businessinsider1 min
Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes [link to read.bi]
Luisport (OP)

User ID: 37784019
Portugal
04/10/2013 07:12 AM

Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
US President Barack Obama Wednesday debuts a budget that will be declared dead on arrival by Republicans, irk liberals and stand as his final offer in the next fiscal clash to consume Washington.

Obama's spending plan for 2014 is in many ways an academic exercise, given that it has no chance of being fully enacted in stalemated Washington, as Republicans and Democrats on Capitol Hill have already passed rival budgets.

But it will represent Obama's entry in the latest fast-building showdown pitching the president's plan to hike taxes on the most well off against Republican plans to slash government spending with no new revenues.

"We don't view this budget as a starting point. This is an offer where the president came more than half way towards the Republicans in an attempt to get a fiscal deal," said a senior White House official.

"Are Republicans going to be willing to come to us?" the official asked, ahead of the unveiling of the budget at a time hope has faded for a "grand bargain" deal on the deficit between Obama and Republicans.

White House officials have already signaled that Obama's offer will include one key concession to Republicans, which has angered elements of his liberal Democratic base.

He will signal he is ready to modify some cherished entitlement social programs, by adjusting cost of living adjustments that could trim benefits for some senior citizens.

The White House is billing the budget as a document which proves that the need to cut voluminous deficits does not need to be achieved by savage cuts in government spending and social programs envisaged by Republicans.

Officials say the plan includes $1.8 trillion of deficit reduction over 10 years and would raise $580 billion dollars in new revenue by curbing income tax breaks for the rich, without raising rates.

Republicans however dispute the deficit reduction figures, arguing that since the budget would dispense with $1.2 trillion in automatic spending cuts, known as the sequester which began in March, its real deficit reduction figure would only be $600 billion in savings.

"We hear it contains tax hike upon tax hike upon tax hike -- and, in fact, all of the deficit reduction ... would be derived from myriad tax increases rather than spending reductions," said Senate Republican minority leader Mitch McConnell Tuesday.

"It sounds like the White House just tossed last year's budget in the microwave."

Among measures that have already been opposed by Republicans, the Obama budget would implement the "Buffett Rule" which would mandate that households on more than $1 million dollars a year pay at least 30 percent of income in taxes.

The $3.77 trillion budget blueprint, to be officially unveiled by Obama at 1515 GMT, in the White House Rose Garden, will forsee a deficit of $744 billion, or 4.4 percent of GDP in 2014.

Officials projected that the shortfall would reach 2.8 percent of GDP by 2016 and 1.7 percent by 2023.

The White House says that the plan represents more than two dollars in spending cuts for every one dollar of new revenue accrued from closing tax loopholes.

It also includes $400 billion in health savings that administration officials say could be found through cracking down on fraud.


Copyright (2013) AFP. All rights reserved.


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

User ID: 37784019
Portugal
04/10/2013 07:20 AM

Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
ohappy
Lady Jane SmithModerator
Forum Moderator

User ID: 23410866
04/10/2013 07:22 AM

Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
He has to make certain his vacations & golf outings are fully funded; after all, attending concerts is stressful business.

**sarcasm**
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Luisport (OP)

User ID: 37784019
Portugal
04/10/2013 07:24 AM

Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Business Insider‏@businessinsider1 min
How Obama Plans To Raise $580 Billion In New Taxes By Ending Loopholes And Raising Taxes On The Rich [link to read.bi]
Luisport (OP)

User ID: 37784019
Portugal
04/10/2013 07:28 AM

Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
He has to make certain his vacations & golf outings are fully funded; after all, attending concerts is stressful business.

**sarcasm**
 Quoting: Lady Jane Smith


toungelolsign
Turin

User ID: 37285965
Italy
04/10/2013 07:29 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
bump
Anonymous Coward
User ID: 37767009
Germany
04/10/2013 07:30 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
clappa

O's got the plan
Anonymous Coward
User ID: 37542483
Australia
04/10/2013 07:33 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
jerkitjerkitjerkitjerkitjerkitjerkitjerkitjerkitjerkitjerkitjerkitjerkitjerkitjerkitjerkit
Anonymous Coward
User ID: 33825975
United States
04/10/2013 07:33 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
CONgress makes the budget not the president. Who cares what he says anymore, the big bag of useless wind that he is.
Luisport (OP)

User ID: 37784019
Portugal
04/10/2013 07:38 AM

Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Business Insider‏@businessinsider2 min
The White House Buried The Most Controversial Part Of Its Budget Plan At The Very Bottom Of The Last Page [link to read.bi]
Luisport (OP)

User ID: 37784019
Portugal
04/10/2013 07:42 AM

Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Business Insider‏@businessinsider1 min
Obama Wants To Pay For Free Preschool By Raising Taxes On Cigarettes by @grace_lightning [link to read.bi]
Anonymous Coward
User ID: 36731073
United States
04/10/2013 07:44 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Wait so 1.2 trillion in spending cuts and 580 billion in revenue through cutting loopholes? This is what republicans wanted. He bends over for them again and they bitch and moan. Shit like this is why our political system is so fucked up.
Anonymous Coward
User ID: 33596258
United States
04/10/2013 07:45 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
bsflag
Anonymous Coward
User ID: 33801296
Canada
04/10/2013 07:48 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
it's all smoke and mirrors.

Life is a zero sum game.

Promises are not.

You can promise everything to everyone, but when it comes to deliver, you can only provide to one by taking away from another.
Anonymous Coward
User ID: 37784023
United States
04/10/2013 07:49 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Wait so 1.2 trillion in spending cuts and 580 billion in revenue through cutting loopholes? This is what republicans wanted. He bends over for them again and they bitch and moan. Shit like this is why our political system is so fucked up.
 Quoting: Anonymous Coward 36731073


Exactly. This goes further than the non-partisan Simpson-Bowles budget commission suggested. But of course the current Republican ideologues, complete and utter tools of the rich, can't stand to have any semblance of tax increases, when the country is drowning in debt.

Republicans, hand up your keys on ever hoping to regain the White House again when you renig on deals like this.
Anonymous Coward
User ID: 28630651
United States
04/10/2013 07:50 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Congress hate the man so much because is black, they dont care about the people, they have health insurance pay by us and a good salary..oh they are cover too ..the rich i say
Anonymous Coward
User ID: 36149829
United States
04/10/2013 07:53 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
It's all bullshit smoke & mirrors. Too late for all that. This is just a show for the sheeple and Wall Street. Some fools will take the bait.
Anonymous Coward
User ID: 36149829
United States
04/10/2013 07:53 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
bsflag
Smashy76

User ID: 28768606
Canada
04/10/2013 07:54 AM

Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
<iframe width="560" height="315" src=" [link to www.youtube.com] frameborder="0" allowfullscreen></iframe>


You can't fix stupid.

This Obama plan isn't good news to the middle and lower incomes homes. If it was, instead of spending millions and millions and billions on drones, ammo for Homeland Security, taking away your 2nd Amendment and so on, he'd be funneling money into creating jobs, stopping the outsourcing of American jobs, figuring out how to get the 109 million people off food stamps and welfare.

Such a vicious cycle has been created. Cheap goods needed because no one can afford anything "Made in North America".
I'm not racist, I hate everyone equally.

I'd rather be judged by 12, then carried by 6.
Anonymous Coward
User ID: 1274476
United States
04/10/2013 07:54 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Wait so 1.2 trillion in spending cuts and 580 billion in revenue through cutting loopholes? This is what republicans wanted. He bends over for them again and they bitch and moan. Shit like this is why our political system is so fucked up.
 Quoting: Anonymous Coward 36731073

yup
Lady Jane SmithModerator
Forum Moderator

User ID: 1236529
United States
04/10/2013 07:55 AM

Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
CONgress makes the budget not the president. Who cares what he says anymore, the big bag of useless wind that he is.
 Quoting: Anonymous Coward 33825975


The executive Branch (President) presents the budget. Congress debates/committees/approves/disapproves the budget.

Checks & Balances -- or at least that is how it is supposed to work.
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Anonymous Coward
User ID: 7043823
United States
04/10/2013 07:58 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
He has to make certain his vacations & golf outings are fully funded; after all, attending concerts is stressful business.

**sarcasm**
 Quoting: Lady Jane Smith


That was quick. Beat me to the punch. How much longer will sit idley by?

I wonder how much it cost the White House to bring jt in last night?

Average American, citizen of the world trying to pay my bills as austerity suffocates.
Anonymous Coward
User ID: 7043823
United States
04/10/2013 07:59 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
<iframe width="560" height="315" src=" [link to www.youtube.com] frameborder="0" allowfullscreen></iframe>


You can't fix stupid.

This Obama plan isn't good news to the middle and lower incomes homes. If it was, instead of spending millions and millions and billions on drones, ammo for Homeland Security, taking away your 2nd Amendment and so on, he'd be funneling money into creating jobs, stopping the outsourcing of American jobs, figuring out how to get the 109 million people off food stamps and welfare.

Such a vicious cycle has been created. Cheap goods needed because no one can afford anything "Made in North America".
 Quoting: Smashy76


I've heard it's more lucrative to issue food stamps. Wtf
Perfectly Paleo

User ID: 1471397
United States
04/10/2013 07:59 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
I'm so happy you had a blast.last night, Mr prez.

Really.. so happy...

grumpy2
"Just as you may have been born into a religion, so was Jesus. Like many peep, he looked *outside* that structured belief system for answers; the result&#65279; of that became his teachings. Those original teachings were edited out of what you think of as the Bible. That which didn't scare people did not serve the church & its agenda"
WisherSurferGirl
Anonymous Coward
User ID: 28232375
United States
04/10/2013 08:01 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
The final sentence of their proposal brags that 215 cuts to the budget will result in a savings of $25 billion in 2014. Wow, that's really impressive.

Could we please go back to the days when he didn't bother trying....he needs another vacation.
Anonymous Coward
User ID: 28232375
United States
04/10/2013 08:03 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Congress hate the man so much because is black, they dont care about the people, they have health insurance pay by us and a good salary..oh they are cover too ..the rich i say
 Quoting: Anonymous Coward 28630651


There are plenty of other reasons to hate him besides his half-black DNA. His race is not the problem. The fact that he is an arrogant lying Marxist trying to ruin this country is enough reason without ever once noticing his blackness.
AlcoholicRunner
I abduct humans and drink at the same time.

User ID: 32069520
United States
04/10/2013 08:03 AM

Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Wait so 1.2 trillion in spending cuts and 580 billion in revenue through cutting loopholes? This is what republicans wanted. He bends over for them again and they bitch and moan. Shit like this is why our political system is so fucked up.
 Quoting: Anonymous Coward 36731073


Exactly. This goes further than the non-partisan Simpson-Bowles budget commission suggested. But of course the current Republican ideologues, complete and utter tools of the rich, can't stand to have any semblance of tax increases, when the country is drowning in debt.

Republicans, hand up your keys on ever hoping to regain the White House again when you renig on deals like this.
 Quoting: Anonymous Coward 37784023


Typical clueless libtard.
Anonymous Coward
User ID: 28232375
United States
04/10/2013 08:05 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Wait so 1.2 trillion in spending cuts and 580 billion in revenue through cutting loopholes? This is what republicans wanted. He bends over for them again and they bitch and moan. Shit like this is why our political system is so fucked up.
 Quoting: Anonymous Coward 36731073


Exactly. This goes further than the non-partisan Simpson-Bowles budget commission suggested. But of course the current Republican ideologues, complete and utter tools of the rich, can't stand to have any semblance of tax increases, when the country is drowning in debt.

Republicans, hand up your keys on ever hoping to regain the White House again when you renig on deals like this.
 Quoting: Anonymous Coward 37784023


Jeez, it only came out two hours ago, how have the Repubs renigged on it? They've barely had time to read it....
Anonymous Coward
User ID: 1123472
Netherlands
04/10/2013 08:09 AM
Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Good decision. Or would you rather speak Chinese as your first language in 2 or 3 years?
Luisport (OP)

User ID: 37784019
Portugal
04/10/2013 08:18 AM

Report Abusive Post
Report Copyright Violation
Re: Obama Unveils Plan To Cut The Deficit By $1.8 Trillion — Includes $580 Billion In Taxes!!!
Business Insider&#8207;@businessinsider14 min
Republicans Took A Very Different Tone Toward Obama's Social Security Cuts In December by @brettlogiurato [link to read.bi]