In response to:

Boehner on Obama Tax Plan: "You Can't Be Serious"

jeffar Wrote: Dec 02, 2012 3:57 PM
Obama's plan in just more of the usual kicking the can down the road. 1.6 trillion in tax increases over the next 10 years doesn't scratch the surface of the problem. The U.S. accrues about the same amount of debt every year. According to his plan we add 16 trillion in debt over the next 10 years and increase revenue 1.6 trillion. That leave us with 14.4 trillion of additional debt. Combined with our current debt that is about 29 trillion. We have a spending problem. Only huge spending cuts will solve this. We need to cut our spending about 1.6 annually just to balance the budget. We need even more spending cuts if we ever intend to pay off our debt. His plan totally absurd and irresponsible.
Fooling Wrote: Dec 02, 2012 4:00 PM
We lack the character as a nation to come even close to doing the right thing. People act like cutting spending would cause the same hardship Iwo Jima or D Day caused. If we wait , it might! And China and other modern nations will force our third world cesspool to act. But if we do it now, perhaps it is possible to get things right.

jeffar Wrote: Dec 02, 2012 4:04 PM
We'll see what happens. I'm not confident the knuckleheads will do anything significant. The problem is they always want to throw in a fix 10 years in the future rather than address the problem now. That has never worked.
The Obama Administration proposal to fix the "fiscal cliff" coming at the end of the year called for $1.6 trillion in tax hikes over current policy. House Speaker John Boehner said he was "flabbergasted" when presented with the proposal this week.

Boehner tells "Fox News Sunday" that after Geithner briefed him privately on Thursday, he looked at Geithner and said, "You can't be serious." Boehner called it "silliness" that the White House was, among other things, asking Congress to give up its power to set the nation's debt limit.

Earlier today, Geithner insisted that the Obama...