CASH FOR VOTES
 

Isn't that basically what O'bama has now done with this $40 payroll tax reduction.... He seems like he's positioning himself now to win.. :smash:

that's his JOB
Honesty ain't got
NUTHIN to do with it.

Maybe it wasn't so much about the payroll tax reduction--the House bill would have extended it for a full year. The Senate bill that he favored only extended it for two months. But the House bill also required a decision on the oil pipe line from Canada in 60 days instead of a year, which would lose points for him from his environmentalist constituents. So, yeah, you're right, getting the Senate bill, which he wanted, rather than the House bill, makes him look strong, like a winner, giving him a bit of cred to win. But it's a loser for those who want the tax reduction to be more secure. It's interesting that Obama said that passing the bill would save a family with about $50,000/yr income about $1000. Actually, the House bill, which he didn't want, would do that, since it extended the tax reduction for a year. The Senate bill that passed with his approval and support, only saves that family $160 for the two months that the reduction would last.

It was a band-aid but it's a shame they have to pass a two month bill. Just shows how dysfunctional Congress really is.

That being said, the Speaker didn't end up looking so good.

-spence

Dems finally got one back.

Welfare right?
 

When you said cash for votes I swore this would be a thread about welfare

"Cash for votes" by: *insert any politician's name here*

Let's be real... every politician panders and allots funds to those that vote for them.

And he is being rebuked by some conservative radio talk hosts. And a lot of this type of disagreement occurs on con talk radio, which belies your idea that the con talk is all about stroking the listeners and reassuring that they are fine just as they are, and doesn't challenge them.

Now now now, I never said that's what it was ALL about. I would expect Rush and others to go after Republicans who barter with Obama...If he really is trying to undermine what it means to be an American, there can be no quarter...

-spence

JUST THINK

now his royal highness can take his long awaited Hawaii vacation

Hey what's another $5 million dollars to the taxpayers.........

How is this dysfunctional? The Senate passed a bill that the President wanted and the House passed it as well. Isn't that what everyone wants? Bipartisanship? Isn't this how it was in the good old days when the gummint was creating the "Great Society" and the Dems were controlling the agenda and bills were passed with the cooperation of "reasonable" Repubs? Hasn't the problem always been obstructionist, do-nothing Republicans standing in the way of progress? This is beautiful stuff, the way it's supposed to be, Dems propose, Repubs roll.

Did you always call it the "gummint?"

Probably would have been better to lower taxes on millionaires.

I hope The President has a great vacation. After spending a year dealing with those Republican peices of #^&#^&#^&#^&..he deserves it.

Only in those rare moments when I referred to it affectionately.

Classy.
Posted from my iPhone/Mobile device

It's a payroll tax deduction. So it only goes to wage and salary earners, not people who receive money from trust funds or investments.
People who receive money from trusts and investments enjoy a much more favorable tax rate than wage and salary earners already.
For example, a trust fund baby who gets 500K a year for winning the birth lottery, pays about half the tax that a doctor who works at a hospital and makes 500K a year in salary does.

It's not a lottery. It's not luck. Those born into wealth receive it as a result of the work and planning of their ancestors. That doctor who is making 500K/yr, if he has a family, is probably investing in various schemes and trusts that will, hopefully, secure his children. Perhaps the recipients born into this invested wealth should pay the same tax rate as those who receive a payroll check. But they shouldn't have that wealth confiscated or neutralized as some more radical "egalitarians" would like in order to "level the playing field." And it is probably not economically prudent to raise the tax rate on investments. That is, if we believe those investments are part of the working capital to start and fund business. And as for investment for bettering the lives of one's children--that is one of the greatest motivations for working beyond the subsistance level. Removing that desire to satisfy the conflicting desire to level outcomes would, in my opinion, create a stagnant, collapsing economy of a class of "workers" and entitlement owners who live for the moment and save and care for nothing more.

I would think that lowering rates for everyone rather than raising rates on some, and restricting government spending to "pay for it," would infuse the economy with motivation and growth.

Absolutely.There's no such thing as conservative or liberal money.Money likes both parties equally.

UGH

Gallup: Obama job approval surges - POLITICO.com

The GOP dug themselves a big hole.

NEED ANOTHER TRILLION? HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAAA

Obama to ask for debt limit hike: Treasury official - Yahoo! News

You better just that $40 in to Romney or Newt then. Since you don't want it.

This is the Right's kind of deal. Tax break for those who are working. If O'bama had done anything different, Scott, you would have been all over him for obstructing this.

He could start #^&#^&#^&#^&ting gold and giving it to the treasury dept to counteract spending and you'd find fault with his brand of TP...

your right. he should be impeached for the bull#^&#^&#^&#^& he's pulled so far.

Don't matter how much Lysol you use when you got a rotten poo it still stinks.

Only problem is nobody will stand up and say it or do anything about it :smash:

You honestly think this country is better off today with him than it was without him?

Every word out of his mouth is a LIE. Done to suit his preferences.

And his preference is to party every day, take 7 vacations a month, 15 rounds of golf all while this country goes into the #^&#^&#^&#^&ter.

he is a train wreck that already happened

it makes no difference what his party affiliation is...
or that he's Black or ANYTHING else....

he's terrible! no matter "how" you look at it....

yeah..that's realistic....:uhuh:


Obama to ask for debt limit hike: Treasury official

WASHINGTON | Tue Dec 27, 2011

WASHINGTON (Reuters) - The White House plans to ask Congress by the end of the week for an increase in the government's debt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department official on Tuesday.

President Barack Obama is expected to ask for authority to increase the borrowing limit by $1.2 trillion, part of the spending authority that was negotiated between Congress and the White House this summer.

The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request.

(Reporting By Margaret Chadbourn; Editing by Chizu Nomiyama)

May I add the philantropic programs that the wealthy have added to
our culture. Monies donated to hospitals and all kinds of charities. Rockefeler saved
l,000's of acres for Yellowstone and 10's of thousands of acres spanning
from New York City to the Adirondacks. Dupont has donated over 34,000
acres for conservation since 1994. On and on.

There are a lot of sour grapes and jealousies toward the rich that the Politcians
use to their advantage to divide. I have nothing against people who have aquired
wealth through hard work and sacrafices creating companies and jobs for
millions.
The people I have met with "old money" I've found are very gratious and
friendly, some of the "new money" people have attitude problems, but I still
don't resent them having earned their wealth.
River

Saw a nicely simplified view of the US "Budget" (We should be using that term very loosely):

http://i.imgur.com/rIrrH.jpg