Bill'O'Reilly loses it about concessions

bwk · Mar 5, 2013

http://delong.typepad.com/sdj/2013/...-obama-cant-make-a-deal-with-republicans.html There is proof that concessions were made and proposed by Obama with entitlements and O'Reilly calls Alan Colmes a liar about it. Just shows how ignorant O'Reilly is; http://www.theblaze.com/stories/201...epic-showdown-over-spending-cuts-youre-lying/

waltky · Mar 13, 2013

Granny says now we havin' to give back all dem Bush tax cuts...

Senate Democrats’ budget includes nearly $1 trillion in new taxes
3/12/13 - The first budget from Senate Democrats in four years includes nearly $1 trillion in new taxes but would not balance the budget.

The blueprint unveiled by Senate Budget Committee Chairwoman Patty Murray (D-Wash.) on Tuesday to her Democratic colleagues would also turn off the next nine years of the sequester and replace those spending cuts with a 50-50 mix of tax increases and spending cuts. The budget would dedicate $100 billion to economic stimulus in the form of infrastructure spending and job training. Murray argues that her budget cuts $1.85 trillion from deficits over 10 years. But once the sequester cuts are turned off, Murray’s budget appears to reduce deficits by about $800 billion, using the Congressional Budget Office’s baseline. The Murray budget does not contain net spending cuts with the sequester turned off.

The details of Murray’s budget came hours after House Budget Committee Chairman Paul Ryan (R-Wis.) released his budget, which reduces tax rates and slashes spending much more deeply that Murray’s budget. The Ryan budget would balance in 10 years without raising taxes and by reducing spending over the next decade by $5.7 trillion compared to the CBO baseline. While Ryan’s budget would reduce the highest tax rate from 39.6 percent to 25 percent, providing a significant tax cut to the wealthiest households, Murray’s budget would raise $975 billion in tax revenue by closing corporate and individual tax loopholes.

More details on the tax plan were expected Wednesday when the committee begins its formal markup of the budget. Committee Ranking Member Jeff Sessions (R-Ala.) said based on the reported details, Murray’s budget increases taxes to pay for more federal spending. “If the Senate Majority’s budget actually contains these accounting tricks, it would increase spending above already massive projections for spending growth. In other words, Senate Democrats would be proposing a tax hike to fuel even more wasteful government spending,” Sessions said. “Can it really be this is all they have developed after four years of not producing a plan? If that it is so, no wonder why they won’t make their proposal public until after the committee meets.”

Murray’s budget also will contain reconciliation instructions on tax reform, a move that could allow the budget, which cannot be filibustered in the Senate, to become the legislative vehicle for a tax reform bill. This would also allow a tax bill to move through the Senate under a majority vote, since reconciliation bills cannot be filibustered. Senate Finance Committee Chairman Max Baucus (D-Mont.) has opposed including the instructions in the budget, arguing it would tie his hands in tax reform. The $975 billion in spending cuts include $240 billion in savings from the end of the Afghanistan war and $242 billion in reduced interest payments, according to a source.

Read more: Senate Democrats? budget includes nearly $1 trillion in new taxes - The Hill's On The Money
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See also:

Obama’s approval drops as Americans take a dimmer view of his economic policies
Wednesday, March 13,`13 - The afterglow of President Obama’s reelection and inauguration appears to have vanished as increasingly negative views among Americans about his stewardship of the economy have forced his public approval rating back down to the 50 percent mark, according to a new Washington Post-ABC News poll.

In December, just after he won a second term, Obama held an 18-percentage-point advantage over congressional Republicans on the question of whom the public trusted more to deal with the economy. Now, it’s a far more even split — 44 percent to 40 percent, with a slight edge for the president — but the share of those saying they have confidence in “neither” has ticked up into double digits. The poll contains ample evidence of the disillusionment voters feel toward both sides amid a sense of continuing dysfunction in Washington, which since December has been grappling with fiscal crises and deadlines of its own making.

Almost two weeks into the automatic across-the-board budget cuts known as the sequester, a slim majority of Americans dis(*)approve of the reductions. At the same time, nearly three-quarters say they are feeling no impact on their lives, and fewer than half expect a toll on their family finances if the cuts continue. Still, large majorities expect that the sequester will eventually damage the economy, the military and the government’s ability to provide basic services. Most, 68 percent, say they would like the two sides to work together to come up with a deal to stop the cuts. The desire for cooperation is widely shared across party lines.

Asked who is responsible for the sequester, 47 percent say Republicans in Congress and 33 percent say Obama. The poll suggests a closer divide on which side the public trusts in the battles over issues such as immigration and gun control — closer, perhaps, than the public’s policy preferences would indicate. Americans largely support the administration’s stand on new measures to curb gun violence, but on basic trust on the issue, the president and Republicans in Congress fare about evenly.

Obama’s overall job-approval rating stands at 50 percent, down five points from before he took the oath of office in January. Looking along partisan lines, the slippage since then has been particularly pronounced among political independents. Two months ago, independents tilted clearly in his direction, with 54 percent approving and 41 percent disapproving. Now, half of independents express a negative opinion of the president’s performance; just 44 percent approve. The president has also seen an erosion in confidence among groups that he has counted as core supporters. Compared with a Post-ABC poll in December, the share of liberals who place their faith in Obama over Republicans when it comes to dealing with the economy is 14 points lower; there has been a 12-point slide among women.

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bwk · Mar 14, 2013

waltky said: ↑

Granny says now we havin' to give back all dem Bush tax cuts...

Senate Democrats budget includes nearly $1 trillion in new taxes
3/12/13 - The first budget from Senate Democrats in four years includes nearly $1 trillion in new taxes but would not balance the budget.

See also:

Obamas approval drops as Americans take a dimmer view of his economic policies
Wednesday, March 13,`13 - The afterglow of President Obamas reelection and inauguration appears to have vanished as increasingly negative views among Americans about his stewardship of the economy have forced his public approval rating back down to the 50 percent mark, according to a new Washington Post-ABC News poll.
Click to expand...

Which of course has nothing to do with how ignorant O'Reilly is. Off topic!

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Bill'O'Reilly loses it about concessions

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