From CNN http://politicalticker.blogs.cnn.com/20 … -standoff/
An ABC/Washington Post poll released Tuesday indicates that more than six in ten Americans say any agreement on the deficit needs to include a combination of spending cuts and new taxes. According to the survey, large majorities of Democrats and independent voters support the combined approach, with nearly half of Republicans also in agreement.
An NBC/Wall Street Journal poll also out Tuesday indicates that 58 percent of Americans support the president's proposal, which would reduce the federal deficit by $4 trillion dollars over the next decade by cutting federal spending, increasing taxes on corporations and the wealthy, and reducing the level of spending on Medicare. Thirty-six percent of those questioned say they support a proposal by Republicans in Congress which would reduce the Federal deficit by $2.5 trillion over the next decade by cutting Federal spending and would not raise taxes on corporations or the wealthy.
A CBS News poll released Monday indicates that two-thirds of Americans say any agreement should include spending cuts and tax increases, with 28 percent saying a deal should only include spending cuts and 3 percent saying itshould only include tax increases. According to the survey, there is little partisan divide on the question. More than seven out of ten Democrats and more than two-thirds of independent voters support a balanced approach, as do 55 percent of Republicans and 53 percent of self-described tea party movement supporters.
A Quinnipiac University poll released last week had similar findings. The survey indicated that two-thirds of the public supported a deal that included spending cuts as well as tax increases for wealthy Americans and corporations. Nearly nine out of ten Democrats and two-thirds of independents questioned supported the inclusion of tax increases. Republicans in that poll were divided on the issue.
A Gallup poll Monday asked a different question, but also suggests that Americans want compromise. According to the survey, two-thirds say the people who represent them in government should agree to a compromise plan to raise the debt ceiling, even if it's a proposal with which they disagree. Only 27 percent say they would like their federal lawmaker to hold out for the basic plan they want, even if the debt ceiling is not raised by the deadline. According to the poll, 72 percent of independents, 69 percent of Democrats and 57 percent of Republicans say their lawmaker should agree to a compromise plan.
I'll support a new tax as soon as every single troop comes home, and we make MAJOR cuts to medicaid and social security.
THEN we can talk about increasing the debt ceiling.
This crap has been going on for decades, and it always results in one thing: more spending and more taxes.
Cut the federal budget in half, and then sprinkle some tax increases in there later.
All these polls and Obama can't come up with a plan of his own?
From The US Constitution
All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.
The HOUSE has to do this. Compromise is the operative word, and a foreign concept to the Teabaggers who are protecting the money of their masters. The bill they are REQUIRED to originate must pass muster with a majority of the Senate and the President. The House of Represenatives has never been a dictatorship. (until the Tea Party)
The most Obama can do is what he is doing... hosting talks with leaders.
Yeah right, teabaggers are loved by Wall Street.
22 Jul 2011
http://latimesblogs.latimes.com/money_c … onors.html
Read it carefully, Doug, and become informed.
I have been watching the split between Wall Street and Grover Norquist & Company.
Wall Street is in favor of a 'grand bargain' that gets the deficit under control. Even with higher taxes.
IN MY OPINION, the lunatics pulling the strings on the Teabaggers want to repudiate the entire national debt, drive the country into bankruptcy and ruin, thinking they will be swept into power by the vacuum.
Wall Street is beginning to see that the Tea Party is willing to trash the country for their ideology... economic jihadism.
$1.6 trillion is money we owe to the Federal Reserve, which is nonsense. They leant us money out of thin air. Ron Paul is right when he says "just default on them. Tell them to suck it up and quit crying that they make money out of thin air".
The rest of the debt will be defaulted on in one way or the other. Unless we cut spending by at least 50%, it will be through hyperinflation.
Start buying gold and start cashing in your US Savings bonds.
Could it be that they are supporting Obama because he's the only one showing any COMMON SENSE!
"POTUS said he offered $1 Trillion in cuts PLUS $650 Billion more to Medicare, Medicaid, Soc Security; more draconian than Gang-Of-Six plan
John Of Orange Turns Yellow; Boehner bails out of debt talks. "I've been left at the altar" again says POTUS "What can they say yes to?"
They'll say yes to Obama bowing down and kissing their feet.
What plan did the GOP come up with? Something the majority of Americans disapprove of and that they knew wouldn't make it thru congress. I assume you consider this to be an example of the GOP's efforts to solve a problem, right Ann?
''What plan did the GOP come up with?''
H.R. 2560 CUT-CAP-AND BALANCE really not to hard to figure out, it's simple made for simple mined persons.the SENATE GOT THE BILL TO THE FLOOR on friday july 22,2011. the dems voted to table the bill by a vote of 51-46.senator reid said the senate would work the weekend to debate thehouse bill,to deny the peoples representatives their say is unforgivable. obama and the senate don't have a plan of their own, wonder why?
check out my latest hub, President Barack Obama and The 112TH Congress
I would love to see the wars ended and our troops come home. You know as well as I do that there is too much money being made, by too many corporations, that own too many politicians, for that to ever happen. End these two wars, the ridiculous war on drugs, corporate welfare and we have taken care of a large part of our problems.
We had a balanced budget under Clinton, not that long ago. I agree with ending the wars but I'm not OK about throwing grandma under the bus.
WAKE UP, CLINTON needed a majority REPUBLICAN controlled CONGRESS to balance the budget. Clinton didn't do nothing but show up! Remember he left giving BUSH A RECESSION.Try to get by the dem talking points. THE TRUTH WILL SET YOU FREE one day!
Believe what you will about Clinton despite the facts but it was undoubtedly a GOP president (Bush) and GOP Congress that turned the surplus into a huge deficit with tax cuts that were supposed to grow the economy and didn't, and deregulation that was the seed of the recession.
You mean the deregulation of fanny and freddie by Frank and dodds??? Please doug, stop with the talking points and present real facts! i bet you are very easy to persuade to buy something in a sales pitch!
For anyone with an open mind and the ability to understand numbers and real facts, these economists explain how deregulation and the banking industry were behind the housing bubble.
http://www.americanprogress.org/issues/ … risis.html
This is what I do for a living Doug. You do not have to tell me about how it works. You speak about an open mind but only read left wing propaganda. You claim the repubs are trying to throw grandma under the bus, that is an outright LIE! You can not truly believe this nonsense ....could you?
These are facts, which differ from opinions. The voters will decide in 2012 if the Ryan plan throws grandma under the bus. But here is what it factually does.
"The Ryan proposal would give those turning age 65 in 2022 “premium support” payments to help them buy private policies. There is little doubt that the Republican proposal would sharply reduce federal spending on Medicare by capping what the government would pay at very low levels. But it could cause great hardship by shifting a lot of the burden to beneficiaries. The Congressional Budget Office estimates that by 2022 new enrollees would have to pay at least $6,400 more out of pocket to buy coverage comparable to traditional Medicare."
Seniors on a fixed income who can't come up with 6K per year are SOL. Buy what you can and if it won't cover the problems you have, die quietly.
That is not true! First any person 55 or older NOTHING CHANGES!
Second if it doesn't get fixed NOBODY WILL HAVE ANYTHING! It will be broke!
Doug if you owned a business and could not afford to pay employees what happens? You either cut back and try to fix the problem or close!
The people voted last election in November and told the left we do not like your way, what makes you think it will be any different? Obama has done absolutely nothing to better anything! all he does is golf and campaign and LIE! how come when he said in 2006 anyone who raises the debt ceiling means they failed? But it is OK now? The man doesn't have a clue and surrounded himself with all losers! Bill Clinton knew how to operate and did well but this clown is a complete joke! he has had over 2 1/2 years to improve things and all he has done is make things worse!
Danny - the article I quoted is completely accurate. If you are 54 or younger, you get thrown under the bus when you become 65 and need Medicare. Because the privatized Ryan plan will let you die if you are a senior - and not filthy rich.
Again not true! So lets point out now that nobody over 55 will be effected. second Medicare and SS is going broke because both parties are jerk-offs and wasted the money that people put in. If that money was put in a separate fund and used properly we would not have any problems. they are thieves.
If you just let it go Doug NOBODY will have anything in 20 years! what part of that do you not get? Oh I forgot you want the rich to pay for you...is that correct?
They say they want to end the wars but they still want the military budget to increase. Apparently, those fraudulent defense contractors are not expndable in their eyes.
One reason they may not have come up with a plan is that it would have been a complete waste of time. Nothing they offered would be acceptable to the GOP unless the GOP wrote it. The only reason the GOP put together a plan they knew wouldn't pass is for posturing. They can claim that they at least tried. They knew how far the Dems are willing to go and they made sure they exceeded that. That isn't working towards a solution, it's working towards re-election. They demand that the tax cuts they treasure are left in place, show me what good these tax cuts have done for this country. Show me the jobs they created since their passing. Show me how borrowing the money to pay for them didn't contribute to the debt problems. Show me how the 10 billion dollars a monthe we are still borrowing to fight to wars didn't add to the debt before and after Obama took office. Show me something other than posturing and preening for the tea party that has become the GOP plan for solving the problems facing this country. Show me how refusing to approve the funding for the FAA hasn't reduced revenues. Why was this bill not passed? The GOP has made up it's mind that they will dismantle every union it can before they attempt to steal the next election.
I have no interest in a hub that doesn't at least consider that a lot of the recent (10 years) actions of the GOP has contributed to our debt problems. You tell me if that's in your hub and I'll check it out. If it's nothing more that a Faux News propaganda piece I'm not interested.
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