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 Msg. #  Subject Posted by    Board    Date   
16760 Re: The Democrooks Balanced Budget Plan.........
   dgp ...obammy, he say that he gonna get gubmint expenditures under co... 		ribit   RANT II   13 Apr 2011
 7:29 PM
16745 Re: The Democrooks Balanced Budget Plan.........
   This will just be another opportunity for BHOzo to try and take wealth... 		CTJ   RANT II   12 Apr 2011
 10:08 PM
16744 Re: The Democrooks Balanced Budget Plan.........
   [i]Tax elements of Obama's broad deficit-reduction plan, to be laid ou... 		scubavol   RANT II   12 Apr 2011
 9:58 PM

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Re: The Democrooks Balanced Budget Plan.........

By: DGpeddler in RANT II
Tue, 12 Apr 11 9:29 PM
Msg. 16743 of 20747
(This msg. is a reply to 16738 by ribit)
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WASHINGTON – Higher taxes have been missing from the fierce budget battle that nearly shut down the federal government. But President Barack Obama is about to put them on the table — at least a modest version that he had pushed before and then rested on the shelf.

Most economists and budget analysts say a comprehensive mix of spending cuts and tax increases is essential to any viable deficit-reduction plan. Yet few players in the negotiations have gone there.

It comes in the scramble to heed what is widely viewed as a loud clamor from voters to slam the brakes on runaway government spending. There has been no corresponding public demand for raising taxes. That's not surprising, but the top-bracket U.S. tax rate now is the lowest it's been in decades, and it's far lower than those in many other industrialized countries, especially in western Europe.

Tax elements of Obama's broad deficit-reduction plan, to be laid out in a speech Wednesday, seem likely to revive his earlier proposals.

The president is expected to bring back his recommendation, first made in the 2008 campaign, to end Bush-era tax cuts for households earning over $250,000 a year. He temporarily set it aside when he signed onto a late 2010 agreement with Republicans to extend all Bush tax cuts for two years.

However, he did renew the bid earlier this year in his budget for the 2012 fiscal year that begins Oct. 1.

Any comprehensive deficit-reduction plan must include a mix of spending cuts and tax increases, experts argue from both sides of the political spectrum.

"There's no alternative, and I don't know of anybody who has seriously looked at this problem who thinks there is," said William A. Galston, a White House domestic policy adviser during the Clinton administration. "You're going to need to put together tough packages of programmatic cuts and revenue increases."

So... if you cannot live within your means, rob banks to make up the difference.