‘President Barack Obama made an opening bid in budget talks with Republicans that calls for a $1.6 trillion tax increase, a $50 billion economic-stimulus program and new power to raise the federal debt limit without congressional approval, a broad set of demands Republicans viewed as a step back in talks to avoid looming tax increases and spending cuts.
The proposal, offered by Treasury Secretary Timothy Geithner as he made a round of meetings with congressional leaders in the Capitol Thursday, calls for increasing tax rates on incomes over $250,000, a one-year postponement of looming spending cuts in defense and domestic programs, and some $400 billion in savings over 10 years from Medicare and other entitlement programs.’
Re: American Voters Choose Obama To Lead Us - Down The Road To Ruin - Forbes
American Voters Choose Obama To Lead Us - Down The Road To Ruin - Forbes
RealClearMarkets - The Fiscal Cliff? Let's Rush Off Of It
Today the federal government is collecting $2.67 trillion in revenue ($330 billion short of the Clinton-equivalent) and is spending $3.76 trillion. Yes, that's right; we are spending $987 billion more than if we increased the last Clinton budget for inflation and population growth. It sure looks to me like spending is the main culprit.
Rep. Peter King, R-N.Y., told Fox News that intelligence officials who testified in a closed-door hearing a day earlier, including Director of National Intelligence James Clapper and Acting CIA Director Mike Morell, said they did not know who changed the talking points. He said they went out to multiple departments, including the State Department, National Security Council, Justice Department and White House.
"To me the question right now is who changed those talking points and why. ... I'd say it was somebody in the administration had to have taken it out," King told Fox News. "That, to me, has to be pursued."
Catastrophe for Conservatives, But Not the End
Obamacare is now here to stay. The United States will move inexorably toward socialized medicine, and the quality of health care for all will begin to decline irrevocably.
Federal spending, which stands at its highest level since World War II, will stay right where it is and perhaps increase. Dependency on government will become better established as a way of life. Government will intrude in ever more creative and pernicious ways into the daily lives of Americans, as Obama rules by fiat to the greatest extent possible and issues regulations affecting myriad aspects of our lives.
As more people become acclimated to receiving government largesse, fewer will be open to conservative ideas about self-reliance. Businesses will find it more difficult than ever to operate as the burdens of rules and paperwork weigh them down.
Some within Republican circles will argue, in effect, "If you can't beat 'em, join 'em." That Republicans must moderate their message to appease a public that has rejected conservative ideas.
But Republicans just did moderate their message. They ran Mitt Romney as their candidate.
Conservatives will have to think not how to water things down, but how to sell their program to people who have failed to embrace it.
John Coffey says:
You can define Obama by the fact that he lectured bankrupt Europe for not spending enough. Ironically, France lectured us about spending too much. Republicans were afraid that the tax and spend policies will hurt the economy, which they will, but they had a much bigger goal which was the repudiation of European style socialism. Because that failed, we have long past a tipping point where people will forever look to government to steal from their neighbors to get themselves freebies. The founding principle of this country where government doesn't interfere with your life is permanently dead.
A commentator on the news remarked that the Hispanic vote played a big factor in the result, and further commented that Republicans have to stop alienating Hispanics, who he said are the fastest growing ethnic group. How are the Republican alienating Hispanics? By wanting the laws of this nation to be enforced. The logical conclusion of the argument is that the only people who can get elected are those who want open borders. The consequence of this, whether we like it or not, and whether it be good or bad, is that our culture will inevitably change. This is not the United States that I grew up in. That country has slowly disappeared.
Romney, Ryan lunch at Wendy's as campaign winds down
Obama leads in key states
Colorado 1.0 O
New Hamp 2.0 O
Iowa 2.0 O
Florida 1.2 R
Virginia 0.5 R
Wisconsin 5.0 O
Pennsylvania 4.6 O
Michigan 3.5 O