Well, as I pointed out earlier, what I have seen and read is that spending cuts are yet to be addressed, thus I can't say what I think of them.

I know. My main point is that I don't trust politicians to do the right thing. I seriously doubt we'll see any worthy spending cuts.

It's only a good START if the cuts are really addressed, and in a serious manner, in the next couple months. Raising revenue is simply not going to cut it.

 

:thumb:

 

I know. My main point is that I don't trust politicians to do the right thing. I seriously doubt we'll see any worthy spending cuts.

 

:thumb::thumb:

All this money on? You aren't assuming that anywhere near a majority of your/my tax money goes toward welfare assistance, are you?

 

Some of it does, and I am fine with that, as long as those receiving the benefit pay their share as well.

To be clear, this deal still raises taxes on the middle class. You will see a 2% tax increase because it doesn’t include an extension of the payroll tax holiday.

And don't forget the increases in middle class taxes due to ObamaCare.

All this money on? You aren't assuming that anywhere near a majority of your/my tax money goes toward welfare assistance, are you?

 

While nowhere near a majority, I saw an article that said it was the largest budget item in 2011, coming in at over 1 trillion dollars.

So you expected the payroll tax holiday to be permanent?

 

Run to State answered very well. I will say it in my own words.

 

The President has said over and over and over and over..."Taxes will not be raised on the middle class." I guess I expected what the President said over and over to actually be true. My bad, I guess I didn't catch the game on words. No, taxes will not be raised on the middle class, it is just your tax break will expire. To me, that is the same thing as taxes being raised on the middle class and to say that it is not, in my opinion, is just being suckered. The President will be able to do something that he said he wouldn't do without being accused of doing it. CLASSIC POLITICIAN!

 

Run to State answered very well. I will say it in my own words.

 

The President has said over and over and over and over..."Taxes will not be raised on the middle class." I guess I expected what the President said over and over to actually be true. My bad, I guess I didn't catch the game on words. No, taxes will not be raised on the middle class, it is just your tax break will expire. To me, that is the same thing as taxes being raised on the middle class and to say that it is not, in my opinion, is just being suckered. The President will be able to do something that he said he wouldn't do without being accused of doing it. CLASSIC POLITICIAN!

 

Well, there is the possibility that this is a concession negotiated by Biden and McConnell. No one seems to be slamming McConnell for conceding tax increases on $400K earners after stating that he would not accept such a plan.

It's an interesting thing...this attitude toward this part of the plan. The President's promises weren't the only one's broken here. Compromise...it only works when everyone is dissatisfied.

 

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1. This is a compromise on the revenue side of the debate. As rockmom states, no one gets everything they want when you compromise. Bottom line, everyone is paying more in taxes and sharing the burden so fair enough. Is every statement made in a political campaign by an elected official a "promise" they are not allowed to compromise on? If yes, we get the type of governance we have seen out of our recent Congresses. I consider campaign "promises" position statements about what they stand for and will push for but I do not hold them hard and fast to every word of a position statement. Both sides worked hard for their principals and came to an agreement in the middle and that is how it should work.

 

2. The spending side and true fiscal cliff side of this debate will be much more difficult to resolve and they do not have the luxury of waiting the full 2 months to make a decision. The government will be shut down before that due to reaching borrowing capacity. We still have the fiscal cliff hanging over our heads for the next few weeks. Hopefully Congress becomes even more functional as they work to resolve the toughest side of the fiscal cliff issues.

Well, there is the possibility that this is a concession negotiated by Biden and McConnell. No one seems to be slamming McConnell for conceding tax increases on $400K earners after stating that he would not accept such a plan.

 

Could be, but I doubt it. Do you think McConnell or any of the other Republicans were fighting for and wanting the 2% tax hike? Highly doubtful! Correct me if I am wrong, but we can safely assume that McConnell and the Republicans were not fighting for a "tax break expiration", aka, 2% tax increase. Consider that and the fact that the President has stated over and over and over, that he would not raise taxes on anyone making less than $250,000.00, then the big question is, who in the world was conceding to who on this? BOTH SIDES WANTED THE SAME THING! - No tax increases on the middle class! The agreement on this specific should have been easy! The Republicans didn't want any tax increases and President Obama said over and over He didn't want a tax increase on the middle class. The question is, how in the world is a 2% tax increase in this at all, when both parties didn't want it? Dang! Our government is screwed up. NEW YEARS RESOLUTION...pray for our politicians...they need all the help they can get!

It's an interesting thing...this attitude toward this part of the plan. The President's promises weren't the only one's broken here. Compromise...it only works when everyone is dissatisfied.

 

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I'll gladly tell you I'm ticked off at both sides. Nothing that needed to be addressed has been i.e., cutting spending. Instead, we wait....

 

Could be, but I doubt it. Do you think McConnell or any of the other Republicans were fighting for and wanting the 2% tax hike? Highly doubtful! Correct me if I am wrong, but we can safely assume that McConnell and the Republicans were not fighting for a "tax break expiration", aka, 2% tax increase. Consider that and the fact that the President has stated over and over and over, that he would not raise taxes on anyone making less than $250,000.00, then the big question is, who in the world was conceding to who on this? BOTH SIDES WANTED THE SAME THING! - No tax increases on the middle class! The agreement on this specific should have been easy! The Republicans didn't want any tax increases and President Obama said over and over He didn't want a tax increase on the middle class. The question is, how in the world is a 2% tax increase in this at all, when both parties didn't want it? Dang! Our government is screwed up. NEW YEARS RESOLUTION...pray for our politicians...they need all the help they can get!

 

Note to future administrations: do not temporarily enact a "tax holiday" of any sort.

 

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I get a 2% tax hike, they are thinking of taxing my health insurance plan from my employer - if its not dropped because of Obamacare......yep Democrats are all for the middle class......

I'm surprised everyone is hung up on the elimination of the 2% payroll tax holiday. This was never advertised as a permanent solution, and the tax is used to fund Social Security. Also, I don't remember any of the anti-Obama group giving him any credit for this two years ago when it was instituted. I'm not thrilled, with losing the tax break, but truthfully I didn't notice much benefit from it either when it went into effect.

This deal is a joke. Simply increasing taxes and not cutting spending doesn't solve a thing. The only thing they cut is the rate of increase in spending, but net spending still goes up.

 

20,000,000,000 sollar debt, here we come