Obama, Dems Negotiation Failure On Spending Cuts
Medicare
Democrats appear ready to cut Medicare despite already conceding massive spending cuts to the Republicans (who are unwilling to concede anything). Cenk Uygur breaks it down. The Largest Online News Show in the World. Facebook: www.facebook.com Subscribe: bit.ly TYT Mobile: bit.ly Twitter: twitter.com www.theyoungturks.com FREE Movies(!): www.netflix.com Read Ana’s blog and subscribe at: www.examiner.com Read Cenk’s Blog: www.huffingtonpost.com
January 20th, 2013 at 11:37 am
Hey! Dumbass! Last Time I checked we were a Constitutional Republic, fucktard.
January 20th, 2013 at 12:27 pm
Obama! Democracy!
January 20th, 2013 at 1:07 pm
It’s funny how liberals are fighting to pay more taxes
January 20th, 2013 at 1:32 pm
“Was Obama thinking eight steps ahead of the opposition in the debt ceiling talks, playing multi-dimensional chess while they were playing tic-tac-toe? Or was he a fatal step or two behind, playing patty-cake while they were playing Mixed Martial Arts? Chess master? Or pawn?
I think we know the answer, at least about this encounter. Pawn, and captured pawn at that. “ –James Fallows, The Atlantic, Aug. 2, 2011
January 20th, 2013 at 1:46 pm
Yes and as for unemployment, it went up after Bush took office and never went down since then. Clinton’s number around 5%, at the end of Bush 7% and going up, beginning of Obama peak 9. 2%, now 9% and decreasing, that Bohener and McConnel hates the decreasing part. Your leaders actually want it to increase. Is that really American?
January 20th, 2013 at 2:28 pm
No ONE is talking about Rationing Health Care. I will not argue with bumper sticker slogans, only with logic, reasoning, and facts. I never spoke about rationing health care #1, # 2 I am not for socialism. I argued that a social system will work a lot better than what we have now. We have a coporate system, a system that favors corporations and not people. I know it’s hard to understand for some people.
January 20th, 2013 at 2:38 pm
You do know that Utopia is a dream and not a reality. I don’t believe that 10% unemployment, sub 2% growth in GDP or Health Care rationing are going to make this Country stronger.
January 20th, 2013 at 3:22 pm
yes, he is a Socialist, but he fights for Democratic issues. Such as preserving social security for the future generations, health care for all, and people paying their fair share of taxes. So what if he is a Socialist? Are you really scared that the US will turn into the USSR? HELLO, that will not nor will it ever happen, because we are Americans. Even if we support a socialist we will make this nation stronger, our citizens healthier, and a better quality of life.
January 20th, 2013 at 3:24 pm
Really? So Exxon Mobil stations alone sold 267. 5 billion gallons of oil in the first quarter of this year? That’s what you’re saying? They reported a quarterly profit of $10. 7 billion this year in the first quarter and that was UP 69% from the same quarter last year and you’re claiming they only make 4 cents a gallon in profit? I’m also betting with the oil speculators, those CEOs are making money hand over fist on top of their outrageous salaries. They have options to help consumers
January 20th, 2013 at 3:56 pm
No, I didn’t miss your point at all. You’re trying to pin everything on “evil corporations” in typical liberal fasion. The truth is this: Oil companies only make around 4 cents per gallon profit. The Federal Government makes well over a dollar per gallon in taxes collected. You’ve been lied to by the Democrats (and Republicans, too, for that matter). Don’t believe them. do your own research, and I don’t mean news articles, either.
January 20th, 2013 at 4:04 pm
Again, you missed my point or you didn’t miss it and are just trying to justify outright overcharging by the oil companies. If they cut gas by $0. 50 a gallon, would they still be making a profit? All evidence says yes, but because it would hurt their stock prices, they have to out do their previous quarter’s profits. Hell, a year or two ago, when Exxon-Mobile set the new record for quarterly profits, their stock price WENT DOWN because they didn’t make as much as everyone expected.
January 20th, 2013 at 4:14 pm
They have the money to pick up and leave. Many have. some did it (like Madonna) when Bush won his second term. Took all her money and moved to France, remember? You could take all the wealth of the rich and give it to the poor. Within 3 years, the poor would be poor again, and the rich would be rich again. Instead of steaaling from the rich to give to the poor, how about the poor getting the education they need to make the big bucks? Think about it.
January 20th, 2013 at 4:47 pm
Pt. 1 I’m not debating that point. You have to understand, however, that it’s one of those “mega corporations” that make it possible for those small businesses to have product to sell. Estate taxes will hurt small businesses. Most estates include a business left to the heirs. If the heirs have to pay huge taxes on what they’ve been left, they’ll have to sell or close the business. Good bye jobs. Taxing the top will do nothing except chase them away.
January 20th, 2013 at 5:06 pm
No,small business creates the majority of jobs. If people can’t start,fund businesses than you get a shitty economy. Actually yo do end income/wealth inequality by taxing the top. At least increase estate taxes. I agree don’t bail them out. How can this be sustainable?Low corporate,individual and estate taxes for the rich. Plus bailouts and subsidies. It just increase income/wealth inequality.
January 20th, 2013 at 5:46 pm
Pt. 3 And don’t believe all that “tax the rich” garbage coming from the left leadership. it never works out that way. The Dems in Illinois promised to tax the rich, and they won the election. Now they’re taxing everyone. State indome tax was raised 67%, and corporate tax rates went up too. All that hurts those whom the Dems claim to want to help. Look it up. You could take everything over $500,000 and not even make a dent in the debt. Gotta cut spending.
January 20th, 2013 at 6:15 pm
Pt. 2 You should, intead of railing about how much someone else makes, figure out how you can get to where they are. You are being used, and you don’t even know it. Class warfare won’t end well for anyone. Most small businesses couldn’t do what they do without some big corporation in the background. Greed, envy, these things will destroy you.
The Bush tax cuts weren’t just for the rich. I make less than $50,000. 00 per year, and I got a nice tax break.
January 20th, 2013 at 6:52 pm
The rich are the ones who create the jobs. The real jobs. Yes, CEO pay is exceptionally high, but you don’t end that by taxing them, or the businesses they run. that hurts the middle and lower calss in the end. let them make however much they can, but quit bailing out the corporations when they fail. Bankruptsy won’t hurt them all that much. and quit being so greedy after what someone else has, it’s unbecoming an advanced human being.
January 20th, 2013 at 7:31 pm
You don’t raise taxes on the consumer class. Raising taxes on the rich never killed growth. The consumer class income has remained stagnant for 30 years. While CEO pay is on levels never before seen. And profits are through the roof. Consumers and small business is the backbone and if you keep giving the rich tax cuts that takes money that could be spent on them.
January 20th, 2013 at 7:46 pm
You missed what I said. I said the Government had more tax revenue coming in AFTER the Bush tax cuts went into effect. Raising taxes would help (if the government would spend it wisely, do you trust them to do that? Especially these days, and this president?), but you don’t raise taxes in this kind of economy. It kills growth. What you’re talking about is exactly what Obama is doing. Using debt to pay debt. Like paying your Visa with your Mastercard.
January 20th, 2013 at 7:59 pm
Of course the system is broken. But the debt is already there. So what do you do?You have to pay off the debt. Just cutting spending won’t put a dent in the debt. So raising of taxes is coming soon. Or you end up paying off debt with more debt. Which is stupid. Yea before the Bush tax cuts the government did have more revenue coming in. The current tax rates are a record low.
January 20th, 2013 at 8:52 pm
I don’t believe in too big to fail. There’s so much more to that whole story than what you’ve been told in the media. Not that they’re hiding anything, they just can’t understand what has happened. I know what has happened, and I STILL don’t quite understand it. There will never be any bank CEO or walstreet mogul go on trial for this mess, because the government doesn’t want certain truths to come out.
And, what you’re calling investment is nothing more that a subsity.
January 20th, 2013 at 9:38 pm
What you’re caling “investment” is either a tax break or a subsity, did you realize that? A business that is both productive and profitable shouldn’t need either. The only “subsity” that oil coompanies get is for ethanol, and most of that goes to those who grow corn and produce the alcohol that comes from it. The reas is tax breaks available to ALL companies. Did you know that “green energy” companies get more subsities in 1 year than oil companies have ever gotten? Failure.
January 20th, 2013 at 10:32 pm
That’s what your attitude said to me. And you’re partly right. Did you know, however, that under the Bush tax cuts, the government actually had more revenue coming in? Study it out. Plus, are you calling me rich? I make a little over $30,000. 00 a year, and I got a nice tax break under the Bush tax cuts. Taxes DO pay for the system, but the system is broken. It has been since Dick Nixon was in office and maybe even before. Do you know why FDR started the Social Security tax?
January 20th, 2013 at 11:00 pm
Never said the government owns all earnings. But if you decide to cut government revenue then you have to do something about spending past the budget. Which the government starting under Bush didn’t do. Nobody has ever cut taxes going into a war. And he cut taxes for the rich going into two wars. Then he should have sold some war bonds or something. That was stupid. None of us make money in a vacuum. Taxes pay for the system.
January 20th, 2013 at 11:36 pm
Well your company could fail productive or not. But you invest in companies that produce something. Wall street just moves money around and takes a cut. I don’t agree with the bailing out companies. I talked with an anarco-capitalist type that said if a company becomes too big to fail and/or its failure causes too much economic damage. It might as well be considered as part of the government.