Who Said It?
Who said we can raise $1.2 trillion without raising rates?
What we said was give us $1.2 trillion in additional revenues, which could be accomplished without hiking taxes — tax rates, but could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lowered rates generally while broadening the base.
To find out, click the link.
P.S. Of course the larger issue is that you can’t possibly deal with the issue without addressing spending. Which makes it tempting to say: sure, raise rates. Raise ’em on the middle class too. It’s the only way you’re going to pay for all this government you want.
Except, we all know that’s not going to happen. We are going to keep stealing from our children and grandchildren, because that’s what we have become as a country. We have become a bunch of takers who sit on our behinds, getting up only long enough to trot down to the government office to collect our checks so we can pay for our smart phones to tweet out how we want George H.W. Bush to die. And this had all better get paid for by the rich, meaning people making $250,000 in Los Angeles and New York City, because how dare they make any money when I have a cable bill to pay with their tax dollars.
See, this is why I shouldn’t talk about this stuff. I start out talking about a particular person’s hypocrisy and I get mad.
But note well: they can always play this game. No matter what they take from the “rich” today, tomorrow they will tell you that it would be unthinkable to do what they themselves proposed yesterday. Because the rich, who have done quite well, can do a little more, you see. And you just keep saying that, over and over, and destroy the market economy until everybody is equal…
…ly poor.
Can we get the Giant Surrender over with already?
Patterico (0334d4) — 12/29/2012 @ 9:29 amComing from them, it’s right up there with ‘you can keep your insurance’
narciso (3fec35) — 12/29/2012 @ 9:41 amI look out the window for that meteor sometimes.
SarahW (b0e533) — 12/29/2012 @ 10:14 amTax the rich
Pious Agnostic (20c167) — 12/29/2012 @ 10:18 amFeed the poor
Till there are no
Rich no more.
The true fight, which is sure to be instigated by our president and Reid, is to go after wealth, not income. That is where the real money is – and the owners of said wealth don’t have near the votes to stop it. Et tu, Warren Buffett?
Ed from SFV (e12b57) — 12/29/2012 @ 10:37 amYes Virginia, there is a Santa Claus.
Dirty Old Man (c53f09) — 12/29/2012 @ 11:01 amteh spendthrift nation
Colonel Haiku (f8b051) — 12/29/2012 @ 11:10 amliving on borrowed time we’re
in for a pounding
giving our rapist prez his tax hikes just means feckless boehner will have one less bargaining chip in future
but that matters very little because he’s so incompetent anyway
happyfeet (da3ac5) — 12/29/2012 @ 11:38 am“go after wealth, not income. That is where the real money is”
No, it’s in the middle class which is going to be robbed by inflation. Weimar Germany is our model and you know how that turned out.
“Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded—here and there, now and then—are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.
This is known as ‘bad luck’.”
– Robert A. Heinlein
Mike K (5552a4) — 12/29/2012 @ 11:45 amExactly. I want Americans to see it, feel it, taste it.
Patricia (be0117) — 12/29/2012 @ 12:41 pmMore and more I am convinced that the only strategy for the GOP is to go off the fiscal cliff. Let a panicked President and Dem Congress demand restoring the tax breaks on everyone but the top 2%. We lost that battle a long time ago anyway. But then the trick will be for the GOP to absolutely refuse any attempt to restore any of the spending cuts. The House leadership should proactively introduce a bill that restores any cuts to veterans’ benefits and services, funded by a tax on movie & theater tickets, professional sports tickets, and video & music downloads, and then leave it at that. All the rest of the sequestration will have to stand as written.
Of course I have no hope that the House GOP has the discipline to carry through this plan.
JVW (4826a9) — 12/29/2012 @ 1:54 pmFrom then on the GOP should focus its efforts on entitlement reform, and forcing Obama to make ObamaCare’s ledger balance.
JVW (4826a9) — 12/29/2012 @ 1:56 pmboehner can’t play the game at this level Mr. JVW
happyfeet (ae1213) — 12/29/2012 @ 2:06 pmI suppose at one point, the country-at-large will realize that they have elected a lying piece of $hit to lead them.
He is everything Mary McCarthy said of Lillian Hellman.
It will be a cascade effect.
Going over the fiscal cliff Tuesday, and hitting the bottom in (?March?) when the gnomes over at Treasury have exhausted all of the options to delay bumping up against the Debt Ceiling.
As one who eagerly awaits the collapse of the Blue Social Model, all I can say is:
BRING IT ON!
askeptic (2bb434) — 12/29/2012 @ 2:29 pmthe collapse comes when interest rates rise
until then we’re just ratcheting up the potential kinetic energies the collapse will release
and it’s goddamn terrifying
happyfeet (ae1213) — 12/29/2012 @ 2:55 pmThis illustrates the fundamental dishonesty of Obama. He has never said anything that wasn’t contradicted soon thereafter. Nothing he ‘stands’ for, gets his support for very long at all before he’s abandoned the position and picked another.
And he never pays any credibility price for that behavior with the media, who replay every single line for any GOP politician over and over, sometimes decades later.
SPQR (768505) — 12/29/2012 @ 3:45 pm@ SPQR #16
Angelo (743b74) — 12/29/2012 @ 7:05 pmCognizance disconnect fueled by their rabid loathing of the perceived folk responsible for rules, morals and accountability. Its effing frightening really; I feel like I woke up and most everyone but myself became insane and I became the enemy
The only way to raise government income is to lower taxes,
Ronald Reagan proved that at state [Cal] and Fed levels. He started the longest period of economic growth in the history of this Republic.
Raising taxes causes Federal income to decline, launching a tax raising frenzy because they never bring in the anticipated income.
Jack Asses pride themselves on decades of imbedded economic ignorance.
Bill Clinton’s economic baloon on tax hikes is a myth of huge proportions.
Extirpates (1b12fe) — 12/29/2012 @ 7:18 pmYou know, if we could only bury those wacko so-cons we could come to a meaningful compromise. I mean even the Democrats want America to prosper, don’t they?
gary gulrud (1ea966) — 12/29/2012 @ 9:31 pmI we cut spending, we’d have to give up a lot:
Free cell phones.
Free contraceptives.
Subsidized college loans to take subjects with utterly no market value.
Farm supports to keep retail prices up.
The EPA.
The TSA.
The FEC.
Very large parts of the departments of Commerce, Labor, Education, Energy HUD and Agriculture.
Nope, we need ALL those things and more!
Kevin M (bf8ad7) — 12/29/2012 @ 11:26 pmObviously the only option left is to blow the thang up reel gooed.
Succubus warned us SS would be at risk if the debt ceiling were breached. Tiny Turbo Tax has thru March to bleed pensions B4 the US defaults. Defaults not in bond repayment but SS, Medicare and Pension obligations.
There’s plenty money to keep the Zombie staggering on, but that’s why he wants the extra scratch of middle class tax raises.
gary gulrud (1ea966) — 12/30/2012 @ 5:50 amWhat Obama wants — his win-win — is massive tax hikes, military spending cuts and it all blamed on the Republicans. As long as the resulting meltdown is also blamed on the GOP, he doesn’t care if we’re all eating cat food.
The only thing not included in the cliff is increased spending on “his” stuff. But he figures that with Boehner reeling from all the criticism over the failing economy, adding money to [cat]food stamps and unemployment
Kevin M (bf8ad7) — 12/30/2012 @ 12:23 pminsuranceextensions will be easy.Obama needs any changes in Social Security and Medicare to be blamed on the Republicans. And also the Republicans to have only one principle: not taxing the highest income brackets any more.
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