% | $
Quotes you view appear here for quick access.

American Capital Agency Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • ray858945 ray858945 Nov 8, 2012 10:30 AM Flag

    Yesterday's press states Boehner will work with Dems to get the "fiscal cliff in order!

    YBF ...

    I agree that GOP is the problem, but I'm not so sure that they changed their position. Boehner sounded more reasonable yesterday, but only his tone was different ... he said the same things re policy. Repubs want a tax rate cut combined with reduction of deductions/credits. If the Prez can increase revenues that way, they will consider it. Isn't that what they said before? And this whole problem is over an additional 4% above $250,000 of net income. Who is putting their own extravagant welfare above the good of the country?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 8 out of the 10 wealthiest counties in the country voted a majority for Obama. The wealthy really don't fight the premise of a 4% income tax increase in general. Many would be relieved to get away with just 4%. The bottom line is if the GOP can deliver the same amount of revenue in their approach as just letting the tax break expire. And that is just on the revenue side. I haven't seen general agreement on the spending cut side of the equation either.

      The Democrats are in the catbird seat. They can get exactly what they want by letting some of the issues involved in the fiscal cliff simply fly over the edge. There are some issues both sides fully agree must be addressed and those will be addressed with a "patch" approach. I fully expect the GOP, and especially the Tea party, to submit tax code revisions that would significantly lack the increased revenue of the tax break expiration. I expect the Democrats to present spending cuts that don't align with GOP expectations. Time is going to be a huge factor because as both submit plans the CBO has to evaluate every one of them. This issue isn't going to get solved over a beer at the country club.

      On top of that, as Boehner mentioned, we are facing another debt ceiling showdown. And just to make things more interesting you have the credit rating agencies hovering overhead waiting to see how we handle the whole ball of wax. They have us in a negative bias as it is and if Moodys adds to the S&P downgrade, THAT will be big news as it will force recalcualtion of interest on our debt payments.

      • 1 Reply to eagledragon1
      • "8 out of the 10 wealthiest counties in the country voted a majority for Obama."

        That is what's known as "lying with statistics." The average income in those counties is still on the order of $150k/year/family. I.e., middle-class. And they should be voting for Obama, since they're educated folks.

        I said "a very small number of people with a lot of money have convinced a near plurality of the population". I.e., a few billionaires are pulling the strings to jerk the knees of a whole lot of sub-middle class people who do not live in the wealthiest counties in America.

        It is antidemocratic for a group that can fit into a conference room to be in control of nearly half of America's electorate and to be able to induce bloc voting in one of America's constitutional bodies. Their actions obviate representation of the people by the people, and substitute representation of the few by the puppets.

    • Did Boner say anything old dare to O to change their position and THEN all will be right with the world....same old crap

    • yourbestfriendintheworld yourbestfriendintheworld Nov 8, 2012 11:27 AM Flag

      And that is the central problem. A very small number of people with a lot of money have convinced a near plurality of the population to support their profligate lifestyles and self-serving political ends. If they do succeed in stonewalling progress again, it may be time to take more drastic measures than balloting at them.

19.45-0.06(-0.31%)Jun 29 4:00 PMEDT