Follow us on...
Follow us on Twitter Follow us on Facebook Watch us on YouTube
Register
Page 1 of 2 12 LastLast
Results 1 to 15 of 23
  1. #1
    Eruption
    Join Date
    07.03.06
    Location
    Dallas Texas
    Posts
    1,477
    Favorite VH Album

    VHII
    Favorite VH Song

    Light up the Sky
    Last Online

    12.10.17 @ 07:01 PM
    Likes
    159
    Liked 189 Times in 95 Posts

    Default SURPRISE! TAX HIKE FOR MIDDLE CLASS...

    WASHINGTON (AP) -- President Barack Obama's treasury secretary said Sunday he cannot rule out higher taxes to help tame an exploding budget deficit, and his chief economic adviser would not dismiss raising them on middle-class Americans as part of a health care overhaul.

    As the White House sought to balance campaign rhetoric with governing, officials appeared willing to extend unemployment benefits. With former Federal Reserve Chairman Alan Greenspan saying he is "pretty sure we've already seen the bottom" of the recession, Obama aides sought to defend the economic stimulus and calm a jittery public.

    Treasury Secretary Timothy Geithner and National Economic Council Director Larry Summers both sidestepped questions on Obama's intentions about taxes. Geithner said the White House was not ready to rule out a tax hike to lower the federal deficit; Summers said Obama's proposed health care overhaul needs funding from somewhere.

    "There is a lot that can happen over time," Summers said, adding that the administration believes "it is never a good idea to absolutely rule things out, no matter what."

    During his presidential campaign, Obama repeatedly vowed "you will not see any of your taxes increase one single dime." But the simple reality remains that his ambitious overhaul of how Americans receive health care -- promised without increasing the federal deficit -- must be paid for.

    "If we want an economy that's going to grow in the future, people have to understand we have to bring those deficits down. And it's going to be difficult, hard for us to do. And the path to that is through health care reform," Geithner said. "We're not at the point yet where we're going to make a judgment about what it's going to take."

    Selling that proposal, however, has proved tricky.

    On Friday, the government released a report that suggested the worst recession in the United States since World War II appears on the verge of ending. The economy dipped only slightly in the second quarter of this year -- falling at a 1 percent annual pace, better than expected.

    The president cautioned against instant turnaround, though.

    "Well, as I've said, I think we maybe are beginning to see the end of the recession, but it's still going to be some time before we are seeing companies hiring again. That's usually the last thing that happens," Obama said in an interview with Univision that aired on Sunday.

    "So I think we are still going to have a tough remainder of the year -- probably until next year -- but, you know, at least what we are seeing -- we've pulled back from the possibility of a depression. That's not the danger."

    Many analysts think the economy is starting to grow again in the current quarter, setting up a long-awaited recovery.

    "Most private forecasters -- and let's use their judgment -- suggest you're going to see unemployment start to come down maybe beginning in the second half of next year," Geithner said, adding those same economists predict positive growth during the second half of this year.

    At the same time, Geithner and other administration officials are contemplating how to ask Congress to extend -- again -- unemployment benefits for the millions of Americans who have lost their jobs in recent months. The proposal drew measured support from Sen. Jim DeMint, R-S.C., as long as the benefits are drawn from the already approved economic stimulus package.

    "We need to take care of those who are unemployed, but we also need to make sure they get jobs," he said.

    Those jobs, though, are still elusive. Greenspan said the economy is slowly coming back.

    "Collapse, I think, is now off the table. We were teetering for a while," he said.

    Greenspan said he doesn't think the Federal Reserve should be considering raising interest rates to ward off inflation, although he added that the Fed will have to rein in credit and raise rates at some point.

    Obama's opponent for the presidency, Sen. John McCain, questioned whether the administration's actions will prove beneficial for the country.

    "I think it's pretty clear, if you pump trillions of dollars into the economy, you will see some recovery," the Arizona Republican said while giving Obama credit for the improvement. "But the long-term consequences, I think, are going to be, unfortunately, devastating unless we do something about it."

    Geithner and Greenspan appeared on ABC's "This Week." Summers appeared on NBC's "Meet the Press" and CBS's "Face the Nation." DeMint was interviewed on "Fox News Sunday." McCain spoke with CNN's "State of the Union."

    http://finance.yahoo.com/news/2-Obam....html?x=0&.v=7
    ~ I like the way the line runs up the back of her stockings ~

  2. #2
    Baluchitherium
    Join Date
    07.23.02
    Age
    41
    Location
    Annapolis, MD
    Posts
    5,444
    Favorite VH Album

    F.U.C.K.
    Favorite VH Song

    W/O U, WIL, & HFT
    Last Online

    12.08.17 @ 04:17 AM
    Likes
    97
    Liked 432 Times in 167 Posts


    Donor

    Default

    Like any of us didn't see this happening.
    Rock the Red!!!

    "Give Doc the shotgun. They're less apt to get nervy if he's on the street howitzer."

    "Dying ain't much of a living, boy."

    Save a Terrapin - Fear a Turtle

  3. #3
    Eruption
    Join Date
    07.03.06
    Location
    Dallas Texas
    Posts
    1,477
    Favorite VH Album

    VHII
    Favorite VH Song

    Light up the Sky
    Last Online

    12.10.17 @ 07:01 PM
    Likes
    159
    Liked 189 Times in 95 Posts

    Default

    All 52% of Americans who voted for him didn't see this coming...
    ~ I like the way the line runs up the back of her stockings ~

  4. #4
    Good Enough brownnation's Avatar
    Join Date
    12.27.08
    Posts
    1,543
    Last Online

    02.18.16 @ 03:10 PM
    Likes
    33
    Liked 144 Times in 51 Posts

    Default

    What was the figure in the campaign? I think it was 95%. He repeated a thousand times that 95% number. 95% of americans would absolutely not be affected by an increase in taxes.

    I'm with you guys. What moron didn't see this coming. Republicans better get their sorry, lame-ass shit together and return to ideas of low taxes, small government and fiscal responsibility or we're just going to be mowed down by all sides, in every direction and we won't be able to do anything about it.

    I'm more mad at republicans. I know the democrats are socialist pieces of shit. But what the republicans did during their most recent tenure was abhorrent. They just re-made the huge government in their pathetic Orwellian image. Pathetic, pathetic. Why is there not a socially liberal, pro-freedom, small-government party out there! Would not a ton of americans support that?
    Last edited by brownnation; 08.03.09 at 07:22 AM.

  5. #5
    Atomic Punk LLFHS's Avatar
    Join Date
    03.08.04
    Location
    Secret Witness Protection Location
    Posts
    31,731
    Favorite VH Album

    Anything Mike played on
    Favorite VH Song

    Anything Mike played on
    Last Online

    07.30.17 @ 08:59 PM
    Likes
    34
    Liked 60 Times in 35 Posts


    Donor

    Default

    AWESOME....another "I hate Obama" thread. I knew Scotty wouldn't let us down.


    Obama kills kittens.
    LowLifeFlatHeadScum

    [sigpic][/sigpic]


    Your Hacked Nude Photo Here!

  6. #6
    Eruption
    Join Date
    07.03.06
    Location
    Dallas Texas
    Posts
    1,477
    Favorite VH Album

    VHII
    Favorite VH Song

    Light up the Sky
    Last Online

    12.10.17 @ 07:01 PM
    Likes
    159
    Liked 189 Times in 95 Posts

    Default

    Let keep emotions out of the facts.
    ~ I like the way the line runs up the back of her stockings ~

  7. #7
    Atomic Punk
    Join Date
    06.15.06
    Location
    Houston, TX
    Posts
    13,741
    Favorite VH Album

    VHIII/WACF/OU51BALUCK
    Last Online

    07.24.11 @ 04:36 PM
    Likes
    0
    Liked 1 Time in 1 Post

    Default

    fact: you start way too many threads about the same thing.

    fact: obama is not, to this point, anything like what was advertised

    fact: you don't like obama

    fact: we get it

    fact: I agree with you and also think there are plenty of things to be concerned about

    fact: we don't need another thread about it

    fact: all the threads are pretty much interrelated and this article could have been attached to the health care thread
    Stay out of it, dude.


    I am Van Halen.

  8. #8
    Atomic Punk chefcraig's Avatar
    Join Date
    06.01.02
    Location
    A Confederacy of Dunces
    Posts
    19,370
    Last Online

    03.07.10 @ 06:18 AM
    Likes
    0
    Liked 10 Times in 9 Posts

    Default

    Quote Originally Posted by ScottyBHarris View Post
    Let keep emotions out of the facts.
    What facts are evident? A bunch of political aides are speculating on a tax increase, which would be inevitable in order to lower the deficit. No one with a brain in their head believed that a tax increase would not be coming with the economy in the crapper, so creating yet another thread that takes joy in proclaiming "I told you so!" is pretty pointless.

    Here's a profound idea: Instead of starting a thread a day bitching about the current administration, why not create threads outlining actual ideas to fix the situation? Oh yeah, that's right...that would require some effort. Yup, finger-pointing is the safer way to go.

  9. #9
    Eruption
    Join Date
    07.03.06
    Location
    Dallas Texas
    Posts
    1,477
    Favorite VH Album

    VHII
    Favorite VH Song

    Light up the Sky
    Last Online

    12.10.17 @ 07:01 PM
    Likes
    159
    Liked 189 Times in 95 Posts

    Default

    If you don't like what I post then don't read it.
    ~ I like the way the line runs up the back of her stockings ~

  10. #10
    Good Enough brownnation's Avatar
    Join Date
    12.27.08
    Posts
    1,543
    Last Online

    02.18.16 @ 03:10 PM
    Likes
    33
    Liked 144 Times in 51 Posts

    Default

    Quote Originally Posted by LLFHS View Post
    AWESOME....another "I hate Obama" thread. I knew Scotty wouldn't let us down.


    Obama kills kittens.
    I think this one has teeth though. An enormous, I mean gigantic part of the campaign was based on the fact that only the top 5% of Americans would be affected by any Obama tax plan. To go back on that would be worse than Bush the Elder's "Read my Lips" thing. Way worse.

  11. #11
    Eruption
    Join Date
    07.03.06
    Location
    Dallas Texas
    Posts
    1,477
    Favorite VH Album

    VHII
    Favorite VH Song

    Light up the Sky
    Last Online

    12.10.17 @ 07:01 PM
    Likes
    159
    Liked 189 Times in 95 Posts

    Default

    Quote Originally Posted by broken9500 View Post
    fact: you start way too many threads about the same thing.

    fact: obama is not, to this point, anything like what was advertised

    fact: you don't like obama

    fact: we get it

    fact: I agree with you and also think there are plenty of things to be concerned about

    fact: we don't need another thread about it

    fact: all the threads are pretty much interrelated and this article could have been attached to the health care thread
    This is the first post I've made about the Tax hike of the middle class. To date I've started 4 threads on Obama's presidency. Maybe we should all ignore the pitiful excuse for a president and go back to playing eruption for the thousandth time?
    ~ I like the way the line runs up the back of her stockings ~

  12. #12
    Atomic Punk chefcraig's Avatar
    Join Date
    06.01.02
    Location
    A Confederacy of Dunces
    Posts
    19,370
    Last Online

    03.07.10 @ 06:18 AM
    Likes
    0
    Liked 10 Times in 9 Posts

    Default

    Quote Originally Posted by ScottyBHarris View Post
    If you don't like what I post then don't read it.
    Do you believe that people around here do not read newspapers or watch the Sunday morning political shows? You confuse the concept of cutting and pasting a bunch of negative articles on a daily basis with some form of political activism, all the while adding absolutely nothing to the equation.

    You have managed to provide one original insight, though: Your act isn't worth paying attention to.

  13. #13
    Sinner's Swing! graeme's Avatar
    Join Date
    01.27.03
    Age
    10
    Location
    Dusseldorf, Germany.
    Posts
    3,946
    Favorite VH Album

    They're all shit
    Last Online

    11.19.17 @ 09:41 AM
    Likes
    0
    Liked 34 Times in 20 Posts

    Default

    Did Obama sleep with ScottyBHarris' girlfriend?
    A man could lose himself in a country like this.

    My blog at http://tollins.blogspot.de/

  14. #14
    Atomic Punk
    Join Date
    06.15.06
    Location
    Houston, TX
    Posts
    13,741
    Favorite VH Album

    VHIII/WACF/OU51BALUCK
    Last Online

    07.24.11 @ 04:36 PM
    Likes
    0
    Liked 1 Time in 1 Post

    Default

    Quote Originally Posted by ScottyBHarris View Post
    This is the first post I've made about the Tax hike of the middle class. To date I've started 4 threads on Obama's presidency. Maybe we should all ignore the pitiful excuse for a president and go back to playing eruption for the thousandth time?
    I don't think anyone is suggesting that we ignore the president, the health care bill or the state of the union...hardly.

    A tax hike of the middle class would be a huge deal...not that there hasn't already been one in the way of cigarette taxes and other hidden taxes and yes if it occurs, as it probably will, it should prove to all the obamanites that he is a fake, just like all the other losers that have ascended to the office of late. Of course, most of them will just pawn it off as a result of the damage done by the previous administration.

    I just think, particularly since the article was very light on FACTS and high on pundits and middle management politicos theorizing about the possibility, that this could have easily gone in your health care plan thread.

    That's all I'm saying.
    Stay out of it, dude.


    I am Van Halen.

  15. #15
    Eruption
    Join Date
    07.03.06
    Location
    Dallas Texas
    Posts
    1,477
    Favorite VH Album

    VHII
    Favorite VH Song

    Light up the Sky
    Last Online

    12.10.17 @ 07:01 PM
    Likes
    159
    Liked 189 Times in 95 Posts

    Default

    Quote Originally Posted by chefcraig View Post
    Do you believe that people around here do not read newspapers or watch the Sunday morning political shows? You confuse the concept of cutting and pasting a bunch of negative articles on a daily basis with some form of political activism, all the while adding absolutely nothing to the equation.

    You have managed to provide one original insight, though: Your act isn't worth paying attention to.

    I'm not going to argue a sophomoric debate as to why I post articles here. Its not my insight, I post articles that were written by other individuals from major news sites.

    This whole forum is created by people posting news articles. To say that my posts of news articles is not worth paying attention to is ridiculous.
    Last edited by ScottyBHarris; 08.03.09 at 08:18 AM.
    ~ I like the way the line runs up the back of her stockings ~

 

 

Similar Threads

  1. How Black Middle Class Kids Become Poor Adults
    By Hot Sauce in forum VH Fans Meeting Place (Non-Music)
    Replies: 77
    Last Post: 01.24.15, 02:07 PM
  2. Replies: 123
    Last Post: 01.22.15, 12:22 PM
  3. Commission Urges 50 Percent Hike in Fuel Taxes to Fund Highway Construction
    By voivod in forum VH Fans Meeting Place (Non-Music)
    Replies: 7
    Last Post: 01.04.09, 06:20 AM
  4. Congressman Wants 50-Cent Tax Hike on Every Gallon of Gas
    By voivod in forum VH Fans Meeting Place (Non-Music)
    Replies: 126
    Last Post: 04.02.08, 05:37 AM
  5. San Francisco boy mauled to death by (surprise surprise) pit bulls
    By janthraxx in forum VH Fans Meeting Place (Non-Music)
    Replies: 66
    Last Post: 08.12.06, 03:14 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •