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LJWorld.com weblogs Loyal Opposition

Fuzzy Math: Obama or Moderate

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As I have repeatedly opined in this space, the current level of federal expenditures coupled with the added costs of new programs such as Obama Care can not be sustained by our current tax income supplemented by any rational increase on the rich. For my efforts I have been accused of fuzzy math.

Now the Washington Post weighs in on my side of the argument. Whether or not we raise taxes on the middle class is certainly open to discussion. Lying about the true intentions of the Democratic Party is not! Mr. Obama come clean and explain your party’s real program. Continuing to argue that it will be painless to all but the rich will only further destroy whatever credibility you have left. We deserve to know your intentions if you are re-elected

See: http://www.washingtonpost.com/opinions/the-presidents-stand/2012/07/22/gJQAeAKy2W_story.html

Comments

labmonkey 2 years, 5 months ago

The frame of the debate is all wrong. We must first cut spending and start fighting the entitlement mentality of so many Americans. Yes, taxes will have to be raised, but the government needs to show the taxpayer they are heading in the right direction of being fiscally responsible before they even consider taking anyone's hard earned money.

Carol Bowen 2 years, 5 months ago

Labmonkey, Clarify what you mean by "cut spending". Do you mean A) cut existing obligations, or B) cut future obligations (new initiatives)? The deficit is a result of existing obligations and the increasing costs associated with existing obligations.

Carol Bowen 2 years, 5 months ago

President Obama has overplayed the "wealthy" card. The tax revenue from the wealthy is a spit in the bucket. There's nothing wrong with the concept. I'm just not quite sure why it is a big deal for either party.

We should let the tax cuts expire. We couldn't afford them at the time. There has been no indication that they have helped the economy.

Poverty is increasing. I've noticed a new term, suburban poverty. In general, I agree with Labmonkey regarding entitlements, but we have a lot of families suffering right now. Nothing is absolute.

What happened to the bipartisan fiscal commission (2010)? The recommendations were never really discussed. None of them were implemented.

The economy will not stabilize until congress works out a plan for cuts and revenue. Businesses and individuals cannot plan until this happens. There will be few jobs added and little consumer confidence (spending).

Patricia Davis 2 years, 5 months ago

We have to reduce military spending. I know it chokes up the neocons, but military spending is out of control. Think about how Russia spent its way to irrelevancy. We also need to make pork spending illegal. These late night add-ons have to stop. Let's redo entitlements such as congress staffing, retirement and lifetime medical care, to say nothing of their automatic salary increases. And finally we need to make it a crime to sign an oath to a non-eleected person that affects Congress' ability to compromise to do what is good for this country.

Mike Ford 2 years, 5 months ago

why acknowledge and encourage avoidance or reality and the support of simpletonism? do you matter?

prowland 2 years, 5 months ago

I believe it is counterproductive to debate the cost of Obamacare, which is more a bandaid than a solution to the sad state of our health-care system. The primary problem is the cost of health care, which was increasing exponentially before Obamacare. A related problem is the ridiculous cut-off for medicaid -- 16,200 for a family of four in KS -- which means that someone working for WalMart or McDonalds probably doesnt have health insurance through work, doesnt qualify for medicaid and cant afford health insurance for his/her family. Their only choice is emergency-room visits, for which ultimately you and I (rather than WalMart or McDonalds) pay the bill.

Carol Bowen 2 years, 5 months ago

Prowland, you are right that Obamacare does not solve the problem of costs for healthcare. The ACA does pull together what we have, cover more people, and regulate insurance costs. The ACA also has built in savings to cover its costs according to the Congressional Budget Office's latest report. (There was an article today, but I cannot find it posted on this website.) We should move forward to address the issues you mentioned.

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