Obama's Next Step On Debt: Tax Rich To Pay Fair Share

[Jenga18260]

"The rich need to pay their fair share."

"And how much is that?"

"... More."

"How much more?"

"More, more."

[HNK222]

@Jenga18260 How about at the same tax rate as people making less than one million dollars? Or is that too obvious? Also, since the average American can't claim an off-shore tax haven as their "address" to avoid paying ANY taxes, how about closing that loop hole?

For people who recieve billions in free money from the government because they're "too big to fail", how about allowing them to fail and go into bankruptcy like the Americans who they robbed and who lost everything ?

[AXESMI]

And the Democrats voted it down! LOL

[BlackRepublican2010]

Obama raising the income tax saying it will raise revenues shows how ignorant Obama is about "rich people" (not all people remain rich their whole life)but Obama does not even pay attention to his own partner in crime, Warren Buffett. Buffett makes $100,000 a year salary,so his tax rate would not be impacted by an income tax hike.Furthermore, Buffett makes most of his money through capital gains & dividends, taxed at 15-20%.Buffett knows this, & his own company owes back taxes!NOBAMA!

[AXESMI]

@BlackRepublican2010 that was a very well written, factual and intelligent comment! Bravo!

[mrhoffame]

MR PRESIDENT..as a small business owner I can tell you this. More people buying from me right now WILL NOT make me hire. Without knowing what taxes will be, how much health will or will not cost in the future, the swings of the markets because of Washington's spending problems... I HAVE to save ANY EXTRA $ incase my earnings go down 20% for the next 2 years. I have no "DEBT CEILING" I can just get a few months before I go under.

.AND PLEASE TELL ME..WHAT IS THE "FAIR SHARE" PERCENTAGE?

[AXESMI]

@mrhoffame The Fair Share Percentage is "How much of your money the government wants"! Vote Tea party unless you like having only politicians and their rich buddies being the only ones with money.

[mrhoffame]

@AXESMI I hear ya!

[thenewmike2012]

We have the Tea Party to thank for this downgrade by bullying the GOP into that very childish display of absolute resistance to raising the debt ceiling without asking the VERY rich to forgo their unnecessary tax breaks, and DEMANDING cuts ONLY from middle class and poor Americans. Michelle Bachmann, in her non stop mantra to make The President a one termer, seemed to be praying for a default. Im sure shes THRILLED to see this downgrade on Obamas watch, that SHE & the TP helped create. Shameful!

[mrhoffame]

@thenewmike2012 T Party caused the downgrade? Hold on. 2 months before the "deadline" Moodys and S&P BOTH stated that the US needed to show cuts for 4.2 Trillion or they would consider the downgrade. We cut just over 2 trillion, and S&P downgraded. Are you sayig the T party refused to cut 2 trillion more? If a teacher told you that you need a 80 on test to get an A, you score a 40, and then say it was your study partners fault you got a Bt? This is a WASHINGTON problem, not a R or D one

[thenewmike2012]

@mrhoffame The President was, for months, calling for a 4T solution he put EVERY Democratic "sacred cow" on the table for compromise. The Tea Party BULLIED the GOP into putting NOTHING on the table for compromise and taking us to the 11th hour of a default. S&P also said the downgrade was due to the childish way the Congress waited till the last minute to raise the debt ceiling AND that there was NO revenue reform included. The TP doesn’t know what COMPROMISE means.

[AXESMI]

@mrhoffame Actually we didn't do anything. We raised the Debt Ceiling 2T and then imposed 2T in cuts over 10 years. Both of those together equal Zero change.

[TheRealArchAngel]

"without asking the VERY rich to forgo their unnecessary tax breaks,"

If Obama was to talk to his IRS "Czar" he would know those worth 10 million or more only number 8792? with a combined yerarly income of 240 billion taxed at 25%,they want 33%

Millionaries are 250 thousandish and makes a total of 140 billion more at that 25%,soon to be 33%

that'll be 133 billion in taxes...not even enought to pay China back the 5 billion borrowed A DAY to fund kickbacks,payopffs,and pet earmarks

[TheRealArchAngel]

"We have the Tea Party to thank for this downgrade"

NMo raising the debt ceiling to 17 ttrillion,borrowing 5 billion a day for the demopcrat spending spree and obamas Kensinton Economics (that hasn't work in 6000 years,wont work now) and going from 1 trillion in debt from George Washington to George W to 15 trillion in debt in last 3 years with the assbackward notion you can "Spend your way out of a receesion/debt" or just print more money is what cause the credit downgrade

[insomniacmunky]

@FlaashMobUSA You clearly dont know anything about the world outside of your back yerd and fox news. Go look up Sweden and tell me socialist programs operating with a capitalist framework doesnt create a healthier society. They have better schools, better healthcare, more vacation time, live longer, have higher college graduation rates (above 90%), and crime rates that our safest cities would marvel at. So exactly which part of this success story do you find so unappealing.

[TheRealArchAngel]

"So exactly which part of this success story do you find so unappealing"

You missed all the"catches"

1) nationalizewd Industry isn't even 5%,and those that are are run like private business,(no President hiring and foring GM CEO senerios,shting down SUV divisions and building a $75k electric car nobody wants)

2) Almost all the hospitals are private

3) Almost all the scools are Private

4) Unions are decentralize and dont have much bargining power and can never strike on a term deal

[TheRealArchAngel]

P.S. The Major advantage that Sweden has over the U.S. is that they don't have Establishment politicans trying to get payoofss and kickbacks for thier states or campaigning sslushfunds intrade for votes,the Nationalists in Sweden have embraced Capitalistic Ideeas,Liberal Utopianm idealists aren't forcing your kids to watch Al Gore's movie while they collect 3x more then you make,and have 90% pension for life because of union bargining while making stupider gullible AGW believing kids

[dntpokdabear]

"I will lead from behind, and make you get in your neighbors face to PAY THEIR FAIR SHARE. You will now be divided, If things work I will take credit. If they don't it's Bush's fault - or those waskuwy wupulickans:... Blah Blah and a boo hoo...

Made in America My As..

[sparkyj99]

~~> That ought to be enough to do the right thing... Thank you Mr. President...

[dellvostro784]

The "rich" (the top 25% already pay 85% of all BIG FEDERAL GOVERNMENT income taxes!!!!!! The deadbeat lower 50% PAY NO FEDERAL INCOME TAXES!!!!!!!! Also Feds, IT"S NOT YOUR MONEY. 

[kurolap]

@dellvostro784 Thank you!

Look guys, I'm from Canada..and taxes here are higher for ...EVERYONE. Now we don't have a defecit problem nor do we have healthcare problems (except long line ups)

If you want to be a Richard and raise taxes, don't target individuals. If you want to raise it by 2%, raise it 2% for everyone

[Antichrys]

I saw the title and I just thought:

Not Gonna Happen

[screwnhdoc]

WHY!!!!!!!!! omg today has made me lose hope i am so friggin dissapointed

[PragmaticStatistic]

American's have been blackmailed by a small group of Congressmen who held the nation hostage while they brought the nation to the edge of collapse. They held the future cost-of-living of every American hostage in order to achieve their political goals. That was a very treasonous act. Now, American's have more to fear from their Congress than from the terrorist abroad. With the signing of this bill they transferred our government to a small appointed Super Congress who will blackmail us again.

[nandansho]

People who max credit cards, get loans for Homes, Cars,etc..Are the ones who Keep Banks alive, pure and simple. Banks make huge gains when people use Credit to buy things vs paying cash. It's the consumer who feeds the Machine, If people would truly and honestly live within their means, Banks would disappear overnight. Don't Blame Banks for having a grip on your life, You readily handed your life over to them when you asked them for a loan, or to cash your paycheck.

[dlucas90]

@nandansho If banks weren't allowed to loan money they don't have, this would be a better world.

[StinkFingerr]

*money....

[StinkFingerr]

Here's what you want to do.

Publicly audit & eliminate the private federal reserve( the former will enable the latter).

Return to a precious metals standard.

Re-negotiate unfavourable trade agreements made by Bush the senior & Clinton.

Repeal the income tax in favor of The Fair Tax ( Google the Fair Tax).

Balance the budget.

Sell off federal land holding in the west minus military bases & national parks & use the mony to pay the principle on the national debt.

All better now.

[capleton48]

The restoration of the rule of law and the survival of freedom rests in the hands of the American people, but the enemy of both is an undemocratic oligarchy that is destroying America’s constitutional institutions and national sovereignty from within Washington, not Jihadist terrorists.

WAKE UP AMERICA WE NEED JUSTICE

[capleton48]

The long transformation of America from a relatively free society into a full-fledged, technocratic police state is now complete. President Barack Obama and political leaders from both major parties are getting ready to completely turn over America’s sovereignty to the traitorous private banking cartel and multinational corporations.

[nandansho]

@capleton48 Question? How do you cash your checks, and did you pay for your House and Car with cash or did the Banks loan it to you?

[capleton48]

@nandansho Dont care to be a debt slave to a morgage, and paid a 2011 car with cash.

We are less than three years away from where Greece had its debt crisis as to where they were from debt to GDP. Whats going on NOW is MUCH MUCH WORSE than the scumbag Gov't and their whores the media makes it out to be.

[capleton48]

A sovereign nation can always find the money to pay debts owed in its own currency. The U.S. could, if it wished, pay its bills using debt-free U.S. Notes or Greenbacks, just as President Lincoln did to avoid a crippling debt during the Civil War. Alternatively, it could eliminate the deficit with Ron Paul’s plan, which amounts to the same thing.

The Debt Ceiling Is Unconstitutional.

[StinkFingerr]

The current economic climate creates the moral hazard whereby the wealthy are tempted to move jobs overseas.

[nandansho]

@StinkFingerr Explain How Mcdonalds a Huge Corporation moves Jobs overseas.

[sparkyj99]

@nandansho ~~> What does mcdonnalds corporation do??

[StinkFingerr]

@insomniacmunky,

Yes, I aggree. The climate here is distinctively unfriendly for business. Hence the migration of jobs overseas.

This situation can & must be corrected if we expect to restore prosperity.

[rollsthepaul]

It is nonsense to believe that Obama opposes the Republicans. This is classic Hegelian Dialectic, which is the way the world works today.

[insomniacmunky]

@nandansho I try to tell people about usury all the time. Not because I think its the root of all evil, but it is probably the most hypocritical part of our modern world

[nandansho]

@insomniacmunky Ask a Christian, Jewish or Muslim Banker about USURY You'll find there are very few People who are true to their faith. most are hypocrites, pretending to be moral, but "Sin" when ever it's convenient.USURY which is a SIN in major Faiths, is ignored by "religious" hypocrites who are more intrested in Money, vs an Honest Heart concerning their Faith, It's sad, and now I understand when people state; That Societys involved in Usury + Capitalism are ran by and controlled by Satan.

[insomniacmunky]

@redcups21 You are absolutely wrong, the poor are getting poorer, in fact you should look up the growing wealth gap which is now at about the same point as 1893.....NOT A GOOD TIME FOR THE POOR.....in fact 80% of new wealth created in the 2000's went to the rich....go ahead and look it up.

Also 1% now own 20% of our country....they owned 7% under Reagan

[nandansho]

@insomniacmunky When you state wealth created in the 2000's You should mention that there is a big difference between Wealth created by manufacturing a product and Wealth created through Ponzi schemes, Credit Default Swaps and investment Banking, The latter creates ZERO Jobs, but  only shifts money into a small minority's hands, which ends up in a Tax Shelter or Swiss Bank Account or off shore corporations. Wallstreet and War is what drained the treasury and destroyed middleclass gains.

[redcups21]

@insomniacmunky Again, you keep using percentages and not absolute values

[Noktirnal]

Corporations do not pay their taxes... the people who purchase the products and services they offer pay the taxes. (i.e. If a successful company offers products/services at $X, with Y% profit margin, and a Z% tax rate, and the government decides to hike that tax by say Z+3%, the company will not lower its margin. Instead the company will increase its prices. They will always make their customers pay the tax. It's just how businesses work. Customers pay for business's overhead, payroll, tax, etc)

[Noktirnal]

Usually, the wealthy are not given their wealth; they earned it. In the interest of the fairness that everyone talks about, everyone should pay the same rate. Even then, the rich pay more, the poor pay less, but everyone would pay their share. And the tax should be on consumption, not our labor and the fruits of it.

The top 2% of earners pay 60% of the government's revenue already. I think the top 35-40% pay like 99%. Also, corporate taxes should be 0%....

[insomniacmunky]

@Noktirnal The top 2% also benefit most from the expenditure that takes the most money, our military. They pay 60% but they take advantage of 100% of government spending in the form of consumer money that makes its way back into their hands in addition to all the other infrastructure and defense they utilize.

[StinkFingerr]

@insomniacmunky,

Well, that depends. If that money is put to work here in America it certainly is. If not, we need to discover why not. Either way, confiscatory taxes are not an answer.

Question: When the wealthy purchase yachts & business jets, who is employed manufacturing & maintaining them? Did I hear someone say Blue Collar workers?

[insomniacmunky]

@StinkFingerr  Its not put here to work in America, its sheltered abroad and done in open view of the government. The problem is the 1% isnt really American anymore, the 1% of the world that owns the majority of its assets are basically a population who are truly international and so is their money.

Point 2, no most of those items are not even made in the US anymore, and if they are they represent a marginal fraction of the real economy. The wealth of those who buy them is not marginal.

[rollsthepaul]

He will cave

Oh yes he'll cave

You can always

Expect him to cave

He's a wuss

No guts at all

And Joe citizen

Will take the fall

[samkurz]

Republican obama

[MojoJuana]

he's been saying the same shit since 2008! since becoming our great leader...every opportunity that arises to make the rich pay their fair share or ending the taxpayers gravy train for warlords and bankers, he turns into a houseboy asskisser and adopting all their bs rightwing talking points. only after giving everything the gops want and then some, he again morphs back into that progressive agent of hope and change!

ya a retard if ya still believe what this houseboy says or that he's a lib!

[StinkFingerr]

Since 2% of the population pay 40% of the tax burden, fairness dictates they are due a tax cut.

[insomniacmunky]

@StinkFingerr Actually 1% own 20% of the country's wealth. That stat came out last week. You sure it sounds equitable?

[redcups21]

@insomniacmunky Just because the top percentage has a higher share of the wealth circulating in the economy doesnt mean the poor are poorer. Just becasue i get rich doesnt mean someone has to become poor to balance it out. Wealth is not static

[nandansho]

@redcups21 Sorry bub, if you get rich through a Credit Default swap Derivatives scheme that falsly inflates Home values, and in turn increases ARM's causing a Domino effect of Forclosures, resulting in loss of wealth to middle class causing them to be poor.Then your statement is incorrect. Hey that scenario sounds familiar Hmm what Country did that happen in?

[redcups21]

@nandansho If you think I believe that's a credible way to get rich then you are mistaken.

[nandansho]

@redcups21 Non sequitur response; The premise is not that, that is a "credible" way to get rich. That came from YOU! The issue is it is a fact that these Credit default swaps made Wallstreet criminals ULTRA Rich. Stick to the subject, and not Red Herrings.

[redcups21]

@nandansho My first comment had to do with creating wealth in an honest way. Not about some people on wall street paying politicians to keep them rich. I see your first comment as the red herring. I agree that this is one of the major causes of our predicament, but to cast every person who has more money than you or me into the lot over on wall street is silly. I hope to become rich using my engineering degree to help better the world, not by cheating like wall street or the gov't.

[nandansho]

@redcups21 Sir I'm speaking specifically about how The US Government and related Economies just about collapsed over Wallstreet schemes. Nowhere have I infered that all rich or Wealthy people are the guilty parties concerning our near economic collapse. That is YOUR perspective. People like Bill Gates or Apple computers or Companies that actually produce a product that can be sold overseas thus creating American Jobs, are not the Wallstreet criminals who raped the Treasury.

[redcups21]

@nandansho Gotcha, I apologize

[insomniacmunky]

@Huboons I'm sorry you have no idea the adult world works....I would suggest books but I'm guessing if a fox news contributer didnt write it you wouldnt read it so I guess have fun living in a reality where you clearly need no one else because you're superman.

[insomniacmunky]

@Huboons Capitalism is A-moral, so is socialism because one in inequitable and cruel and one is punitive and cruel. Life is cruel, you pick your poison and try to allow for everyone the right to exist and determine their own fate.

[nandansho]

@insomniacmunky Well Capitolism combined with Usury is A-Moral, matter of Fact, In the Torah,Koran, and King James Bible Usury is considered a SIN. Yeah a SIN, Yet, Christians Jews and Muslims participate in Banking, who's very livelyhood is USURY. Usury causes people to lose homes, their cars, livelyhood. Yet Christians Muslims and Jews participate in an a-moral, system that their religion specifically states is a Sin. Thats the Hypocrasy of religious capitolists. It's all bullshit..

[insomniacmunky]

@Huboons The problem is you think you have the moral high ground in a secular argument devoid of morals. Is it moral to eat bread in front of a man who is starving to death? Of course not, but greed is not called immoral as the basis for capitalism is it? No, its not, and government is a balance between the moral interests of a society and the pragmatic interests. If you own a business you will only have customers if your community has money to buy from you.

[FlaashMobUSA]

This is exactly how to arrive at Sociaiism. Run all capitalist businesses out of the country first, then you have fundamentally transformed the country, redistribute the wealth, like Cuba did, make everyone poor, and voila, you have an egalitarian society where everyone is equal. Equally poor. Equally stupid. Equally miserable. Like Cuba..

[insomniacmunky]

@FlaashMobUSA Your ideas dont even dignify an answer. Their paternalistic simple minded idea of how Cuba is an example of the only way socialism works is laughable. You need to learn about Northern European nations and how their governments deal with social programs before you think one example of something gone wrong means it never goes right. So simple minded

[FlaashMobUSA]

@insomniacmunky We are headed for a Cuba type socialism. With a dictator. With government mandated food consumption, clothing regulations, transportation choices made for us. . In Cuba children can get a Xmas present, one just one, every 2 years. Cannot leave Cuba on pain of death. Is it like that in N. Europe too? Last I heard over here, parts of Europe aren't really doing well at all, in spite of the socialist governments there.Greece, Spain Portugal and Italy are all in the weeds.

[FlaashMobUSA]

@insomniacmunky Using Europe as an example of how good socialism is? It's like saying how good chickens have it since Colonel Sanders.

[58fenix]

HE's right

[mssedmebich]

Hmmmm. Sounds like the loser in chief wants to get his base supporters back. Too little. Too late.

[FlaashMobUSA]

Liar-in-Chief doing what he does best. Run all those "rich" folks, i:e: corporations outta town. Comparative advantage is on China's side, and on India's side, just to name a couple. Taxes are much lower there. Environmental regulation is much more business friendly there.Financial regulations are must more relaxed there...Wages for employees are much much lower.

[the82spartans]

I thought we got over this already. 

'We need to punish the poor by kicking them out of poverty'.

- Benjamin Franklin.

[58fenix]

@the82spartans Evil

[the82spartans]

@58fenix -- Me... or Ben Franklin? Or you? 

[58fenix]

@the82spartans who do you think,YOU

[the82spartans]

@58fenix -- lol

[MrMrbobblehead]

keep up with compromise thats workin for us and u dumbass

[MrMrbobblehead]

nuthins gonna happen it just a bunch of fear mongering so the republicans can get their way for the spoilt assess

[micsc50]

Lets scare some seniors and play some class warfare. After all we are always campaigning if we are not playing golf. My poll # are dropping and there is no way I will be re-elected because of the terrorist tea party. You see its not about the government spending so much money and that we will go bankrupt any day now. Its about me "OBONGO" the messiah. Well folks there you have it Bush and the terrorist tea party have destroyed America so its time to vote for some CHANGE. Your future B. OBONGO

[dlucas90]

We should start using gold and silver to sell stuff to each other, like the contitution requires, that way pricks like bankers and politicians will be forced out of our business since they can not track it, tax it, and best of all, they can't create it from nothing and then hand it out to their favorite corporate boot-lickers! Must be why honest money is illegal, huh?

[NotViper6]

I hope everyone is over their black slavery guilt so we can elect a real president next term

[rawseanSoCal]

bs

[tchthsky]

liar! Criminal!

[pwmarcotte]

and it only took hours to a collapse of the US economy for the rich to be taxed appropriately. well ok somewhat appropriately.  cant wait to see what ACTUALLY will happen.

[catklyst]

education and research that will create jobs.... that we will out source to china

[memama2]

And as we go into worse and worse 10%+++ percent unemployment? Obama takes another million dollar VA-CA! He could stay and work on the economy and jobs. But he likes to swim and play golf instead huh? ~ just sayin (what a wasted leader we Americans have ignoring the whole mess. Hey? You think he wants us destroyed like Bill Ayers mentally off mind would luv to see..er..err...isn't Obama a clone of that hate filled bile unabomb maniac?..hmm...it's all becoming a little more obvious day by day)

[NickSayle]

if you owe money on plastic, it partly your fault. If you stopped buying stuff you don't have the money for you go into debt....simple as

[marco39120]

He pussied out to the Republicans and the Tea Party. Fuck it, I'm going Republican but will remain a liberial til the end.

[Altasshrug]

To insure that we live within our means huh! Obama it is obvious that the biggest corporations own you just like George Bush!

[kurolap]

lol it makes me laugh when he says that "Billionairs pay less than teachers (percentage wise) Lets not look at percentage but the actual number. Lets say you make $1,000,000,000 (Billion) dollars and pay 15% Tax on that. Which means the Billionaire pays $15,000,000 (15 Mil) in Taxes and lets say the teacher that makes $40,000 that year pays 20% which means that the teacher contributed $8000.

What amount is greater $8000? or $15,000,000?

Also which creates more jobs in the economy?

[memama2]

kurolap Obysmal only likes far left magical math. You better quit doing actual factual math. Or Owebowmao will pound you with basket balls until you shut up.....

[maximus1217]

@kurolap Well that logic make sense if there was only 1 billionaire and 1 teacher paying taxes in the country...

[kurolap]

@maximus1217 Please explain :)

[travel1949]

@kurolap... stop being so logical and correct, barrys' head will hurt trying to understand that...

[memama2]

..this is the far left still attempting to plunder it's way into people's wallets, until we end up a 3rd world slum (to make it all fair)

[insomniacmunky]

Dear retards....you arent rich.....you will never be rich......STOP DEFENDING THE RICH AT YOUR OWN EXPENSE DUMBASSES

[Huboons]

@insomniacmunky Please provide a moral basis for charging one person a higher tax rate than another person.

[insomniacmunky]

@Huboons Because you have to take into account who uses the public space, public resources, court systems, infrastructure, and military spending. The wealthy by way of being involved in commerce (thats how you make money after all) use the gross majority of the equity paid for with tax dollars to facilitate their ability to earn money.

[insomniacmunky]

@Huboons @Huboons If you are the Walton family (Walmart) you became billionairs by creating a business, which requires working infrastructure to sell and receive goods, interstate commerce, court system to settle debts, banking regulation and market regulation to provide stable investment markets, and even a military to represent your interest abroad...COUGH OIL...COUGH.....

[Huboons]

@insomniacmunky Actually it doesn't require any of those things, and even if it did, those things can only morally be provided by a private entity. Government can only provide for one by taking from another.

[insomniacmunky]

@Huboons @Huboons The bottom line the federal government is a very expensive operation designed in modern times to protect the economy through subsidy and militarism and maintain order and social services so we arent drowning in homeless people in the streets like 19th century London. The poor get their services and the rich get everything else including the poor's money since it just flows back into their coffers at the end of the day thanks to our consumer society.

[insomniacmunky]

@Huboons @Huboons This is modern America, there is nothing moral about it. The rich maintain their oligarchy and the rest of us just try not to end up below the rising tide of poverty. I'm sorry this doesnt click for you without explanation .

[Huboons]

@insomniacmunky So you admit your goal of a progressive tax is immoral. I have to admit I'm surprised.

[FlaashMobUSA]

@insomniacmunky Run them rich outta here. Bastards. Hate the rich. Get rid of them. Who needs 'em?

[58fenix]

@FlaashMobUSA lol dude what are you talking about?

[Insabanua]

@insomniacmunky I'm sorry, my armani suit blocked your voice.

[erockula]

@insomniacmunky lol sooo true. we have a bunch of dumbass republicans that think giving the rich money will help the economy. they already turned their backs on us by moving overseas. selling out the very ppl that helped build their empire. and then blaming obama. what do you guys think happens when a whole town depends on a factory which employs hundreds of ppl, moves away for cheaper labor? oh yeah it must be obamas fault. big dummies

[chewbaca1989]

Don't the "rich" already pay more than anyone else? Your not entitled to anyones money, Mr. POTUS.

[Sevenfold120]

Actually perhaps Obama did win here if he can capitalize. The tax cuts were extended in 2010 in a lame duck session so they will expire before the next congress takes power after the elections in 2012. Hopefully this means this cuts can expire without becoming a political issue or being tied to raising the debt which Obama succeeded in pushing it past 2012. If you think about it perhaps these cuts will be separate and wont be held hostage.

[NanoEmpyrean]

why should we keep granting american companies tax-breaks for their job creation in china?

Funneling american currency into a comunist, economic blackhole, doesn't seem to be helping our recovery.

[marvelstryfe]

closed the video at 0:01

[Sevenfold120]

Wow such hate. Obama didnt have a majority in the Senate or the House... He couldnt force through tax increases. The Tea Party is a minority within the Republicans but they wouldnt vote on tax increases alone without the tea partiers so what could Obama do?

[marvelstryfe]

FUCK YOU!

[marvelstryfe]

hes such a fucken liar

[twistfinger]

He just keeps saying the same stuff and not doing it.