Obama: 'Dumb, Arbitrary Cuts' Coming

A combative President Barack Obama blamed Republican lawmakers Friday for failing to stop automatic spending cuts that were to begin kicking in later in the day, calling the cuts 'dumb, arbitrary.' (March 1)

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  News & Politics

[ddddcinc]

Both parties spend like drunken sailors. Both parties are raping the country. Both parties need to burn, fry and wither in hell.

[LordOfTimeAndProg]

Maybe you should have been in Washington and getting together with Congress to find some solution to this instead of playing golf with Tiger Woods and scampering around the country pointing fingers at Congress for not doing their job.

[JoseCleveland]

Ok..but productivity probably shouldn't be "people" and

that was my belief..way back: false alcoholic/drug rehab recipients, body bags and doctored up passed out like nightmares, planned elderly care from the pits of hell, terrorists nearby & promising it (due to the bank mortgage letting them into country) and so everyone would have to work out and even then...It's the I-speak now bcse I'd have to.

Elderly Care & use of TV demon-the-people effects locally, extra $ due to ReligiousSta too.

?

[ReligionIs4iDiOtS]

Dear Mr. President Barack Hussein Obama Soetoro! Your tactics are some of the most loathsome ever put into practice by any official leader! From day 1 to the debt ceiling, the the fiscal cliff, now the sequester! Everything you do has been a ploy to get more money out of the American people! You are a shame and a fraud and you will be found out! The rich give us our jobs, I say we start taxing the govt and the Catholic church, that should solve all thee "we don't have enough money" problems!!!

[twisterbar]

I hope I've still a 1st and 2nd on down the line by 2016! He's the one that said to the media I'm not a dictator! Now why would any president of the united state feel like he's gotta say something like that? Humm?

[twisterbar]

Obama set the date for it, a weekend! He thought they would cave and let him raise taxes some more! I don't care what they are, all of them are liars! They don't give a damn about we the people!

[jannmutube]

According to "McConnell Brue Flynn Macroeconomics 19e, "discretionary fiscal policy (2001-2009) relied on tax breaks rather than on changes in spending as its main tool to fight the recession after the dot.com bubble in 2001 even though there was still a surplus. Continued tax breaks were supposed to create jobs but the economy was already at nearly full employment.$350 billion were cuts in taxes on dividends and capital gains. The national debt was 11.9 trillion dollars when Obama took office.

[jannmutube]

Both the President and the Senate have recently offered budget proposals to the House but the GOP went home instead.

[jannmutube]

When taxes based on the GDP don't meet the spending that Congress has racked up, the shortage is added to the deficit -- which currently includes unnecessary oil and agricultural subsidies as well as tax cuts to buy airline jets for corporations. In the Bush Administration, $350 billion were cuts in taxes on dividends and capital gains. Some might have gotten a $600 check in 2008, but the rich got million or so. This kind of budget planning continues the inequality of tax expenditures..