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Author Topic: Politicians overspending = higher taxes  (Read 2776 times)

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Offline CG6468

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Politicians overspending = higher taxes
« on: April 16, 2011, 09:28:19 AM »
Is there anything to not hate about this son of a bitch?
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Automatic Tax Increase?

April 15, 2011 Posted by John at 9:55 PM

We and many others have criticized President Obama's speech on the budget, but one aspect of his proposal on which I haven't seen much commentary is the "debt failsafe trigger." You might think that a "debt failsafe trigger" is a mechanism to constrain spending if debt exceeds a certain level; but Dan Mitchell explains:

    [T]he most disturbing feature [of Obama's proposal] may be a provision that punishes the American people with higher taxes if politicians overspend.

Read it and get enraged

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Offline BlueStateSaint

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Re: Politicians overspending = higher taxes
« Reply #1 on: April 16, 2011, 10:52:21 AM »
He wants to punish the American people for voting the Dems out of the House.  Thing is, this proposal has to survive the Republicans in the House--and it won't.  This is a sure-fire way to recruit more Tea Party candidates for the Republicans.
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Offline rich_t

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Re: Politicians overspending = higher taxes
« Reply #2 on: April 16, 2011, 11:20:57 AM »
Quote from: BlueStateSaint on April 16, 2011, 10:52:21 AM
He wants to punish the American people for voting the Dems out of the House.  Thing is, this proposal has to survive the Republicans in the House--and it won't.  This is a sure-fire way to recruit more Tea Party candidates for the Republicans.

Boehner and his cohorts in the House need to be shouting about this from the roof tops.
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Offline Freeper

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Re: Politicians overspending = higher taxes
« Reply #3 on: April 16, 2011, 11:26:53 AM »
Let's just eliminate the middleman and have the federal Govt just give us a monthly allowance to live on.  :whatever:

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Offline rich_t

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Re: Politicians overspending = higher taxes
« Reply #4 on: April 16, 2011, 11:27:42 AM »
Quote from: Freeper on April 16, 2011, 11:26:53 AM
Let's just eliminate the middleman and have the federal Govt just give us a monthly allowance to live on.  :whatever:



I'm sure that they are working to get a plan like that in place.
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Offline thundley4

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Re: Politicians overspending = higher taxes
« Reply #5 on: April 16, 2011, 03:58:32 PM »
Quote from: Freeper on April 16, 2011, 11:26:53 AM
Let's just eliminate the middleman and have the federal Govt just give us a monthly allowance to live on.  :whatever:
Quote from: rich_t on April 16, 2011, 11:27:42 AM
I'm sure that they are working to get a plan like that in place.

Wasn't something like this suggested in England last year?
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Offline I_B_Perky

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Re: Politicians overspending = higher taxes
« Reply #6 on: April 16, 2011, 07:41:28 PM »
Quote from: CG6468 on April 16, 2011, 09:28:19 AM
Is there anything to not hate about this son of a bitch?
  :redbird:

Automatic Tax Increase?

April 15, 2011 Posted by John at 9:55 PM

We and many others have criticized President Obama's speech on the budget, but one aspect of his proposal on which I haven't seen much commentary is the "debt failsafe trigger." You might think that a "debt failsafe trigger" is a mechanism to constrain spending if debt exceeds a certain level; but Dan Mitchell explains:

    [T]he most disturbing feature [of Obama's proposal] may be a provision that punishes the American people with higher taxes if politicians overspend.

Read it and get enraged



I'd be Ok with it if it would raise taxes on those that don't pay a damn thing. If they are too poor to pay anything then just cut their welfare.
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Online DefiantSix

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Re: Politicians overspending = higher taxes
« Reply #7 on: April 16, 2011, 11:12:25 PM »
Quote from: rich_t on April 16, 2011, 11:20:57 AM
Boehner and his cohorts in the House need to be shouting about this from the roof tops.

You mean just like they have over Lord ObeyWon's Contempt of Court, and any of a hundred different **** You's from Dear Leader since January?

Yeah, I'm not holding my breath. :banghead:
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