Boehner Issues Statement
Moments ago, Boehner voted to enact "Obama's tax cuts", which is the new de facto Bush tax cuts (which expired yesterday), and which will raise the budget deficit over the next decade by $4 trillion, yet which at the same time paradoxically also hiked taxes on nearly three quarters of Americans with an emphasis on the wealthiest 1%. Now, Boehner also issues a statement to advise his constituency just what issue he will cave on next: spending.
House Speaker John Boehner (R-OH) issued the following statement following passage of the Senate agreement on the fiscal cliff:
“The federal government has a spending problem that has led to a $16 trillion national debt that threatens our country’s future. On the day after the election, I proposed that both parties work together to avert the fiscal cliff in a manner that would ensure 2013 is the year we finally enact entitlement reform and pro-growth tax reform to begin to solve our country’s debt problem.
“Now the focus turns to spending. The American people re-elected a Republican majority in the House, and we will use it in 2013 to hold the president accountable for the ‘balanced’ approach he promised, meaning significant spending cuts and reforms to the entitlement programs that are driving our country deeper and deeper into debt.
“Without meaningful reform of entitlements, real spending controls, and a fairer, cleaner tax code, our debt will continue to grow, and our economy will continue to stumble. Republicans stand for a stronger, more prosperous America, rich in opportunity and free of the debt that threatens our children’s future. On this New Year’s Day, we renew our commitment to that vision, humbled by the opportunity to serve.”
And just in case anyone is still confused what happened today, the only thing the US voted through today was the Fiscal equivalent of 3 weeks worth of Fed debt monetization. Although at this rate, it is becoming a safe bet the GOP will cave on pretty much everything else too.
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Shirley you can't be serious...
He's entirely fucking serious, and quit calling him Shirley
Vote's close enough for government work.
Someone reassure me that "It" will come.
Boner should have learned how to negotiate from Clarence Wurley
http://www.youtube.com/watch?v=N2omM1kTbOg
Let Obama own the collapse. There is nothing the R's could have done other than serve themselves up as scapegoat kebabs "fully" responsible the continuing depression.
Bernanke is sad too. He wanted the cliff/R to blame for what he knows he can never stop now.
Old Indian saying: When deep in hole -- stop digging.
Here is my 2 cents worth in a blog I wrote about these useless MF's.
Tyler should print my shit.
http://usa-wethepeople.com/2013/01/fascist-america-and-forming-a-new-con...
<deleted>
Barf!
We will gladly cut spending Tuesday for a higher tax rate Today!!
Free Beer Tomorrow!
You need to raise taxes first before you can cut them.
Econ 9698: Your blog article was well stated. Thank you for the link.
Good stuff economics9698 . Sharing it with friends & family. Thanks.
nicely put ....
old white man saying
give them longer handle shovel ..
This spending reduction argument is very much like my weekly argument with two children in my home:
ME - Go clean your room and study before you watch any TV.
(I stroll into the den 15 minutes later to find two children watching sports.)
ME - Did you clean your room and study?
CHILDREN - We'll do it later. Why don't you raise taxes now, then we'll do the dificult work when we feel like it old man.
And another thing:
Boner wishes he could get a boner. He is as limp as a ninety year old sock, and less interesting.
The bottom line, however, is there ain't no solution to this freaking mess. Too many promises, to little real wealth and production, too little road, too few feet, too many cans.
Those smartass children of mine will eventually get one hell of a mess to clean up.
There is nothing left than kicking the can down the road. And all know it.
"We're gonna need a bigger boot."
Payroll taxes going up 2% for everybody.
http://www.lewrockwell.com/blog/lewrw/archives/129974.html
For those earning more than the $167,843, this is a non-event. This is the point at which the full year FICA payment at 4.2% equals the full year FICA payment at the $113,700 tax limit at 6.2%. For those folks, it will change the timing of their contributions but by the end of the year, they would have contributed the same $7,049.40 regardless of this 2% change in the rate.
We have drones and robots for everything... and yet we still need to kick cans ourselves...
in order to assume more debt, banks needed tarp
and in order to assume more debt, the us needs more tax revenue
that's the problem with not increasing leverage
I didn't even have to watch your clip or click on it to know what your getting at. I love you bro. Bro love. Frat bro's for life j/k. Na you da man though. Sicillians and the whole of Southern europe and soon to be lower 48 were spawned by niggers. I'm 26. fuck these boomer assholes.
Totally random comment about Sicilians? What gives holmes?
He told you already----he's 26.
This article makes me laugh my ass off: $4T additional deficit in the next 10 years!? WOW!
I would not be surprised to see it al least 10 times as high.
Yes. $ 4trillion moar on top of the other ~$12 trillion that will be accumulated on the debt over the next decade for a grand total of another $16 trilllion. At least.
I just wasted 15 seconds reading The Boners statement. I knew what the damned politician was gonna say beforehand - why read it ?
It comes down to "The American people get screwed over by the insiders . . . again."
It'll keep going like this . . . . till one day it crashes. And then theyll be ready with their next 'solution'.
No its a true fact ....The Hoover Dam was built over five years from 1930 - 1935.When full its reservoir holds 9.2 trillion gallons of water
Take a look you bone(er) heads.
Facts are such a bitch
come in the waters FINE BITCHES
Oh and Fuck you Bernake!!!!!
Would it be sarcastic to say start bailing 2 Hover dams Full.... Fuck me America likes work but ....
"This is insane"
Looks like you picked the wrong week to stop sniffing glue.
It was not glue. I gave up the booze and craved water.. Lots of water ... so as you see, Water is Wet Facts are Facts and your up shit creek in a barbed wire canoe without a snowballs chance in Hell of bailing this out.
I disagree. I think it is actually quite a smart strategy. The Repubs cannot be accused of a tax hike on most Americans and can argue that they have done the right thing for the country. They can now gain the high ground for the Debt ceiling debate. The Repubs position should be, we went along with your tax hikes, now we need the spending cuts. No cuts, no incease in the debt ceiling. Either way, start cutting.
And don't call me Shirley....
..."meaning significant spending cuts"..."start cutting"...
Beginning with the F-35 program and bringing the troops home?
Yes, I certainly agree that "Defence" (Against whom?) cuts should be part of the mix. The Defence budget is so large that I'm sure 10-20% cut be taken out with very little effort and without cutting into viablity.
It is spelled with an "s" in the country where the cuts will actually occur, comrade.
The US would actually appear to be the biggest Socialist State these days, certainly in terms of the scale of welfare spending. With a Marxist President, I suppose that should come as no surprise?
Other than that, learn ENGLISH. Comrade. That is MY language NOT yours. Should you wish NOT to make cuts to all items, including defenCe and go bankrupt, please go ahead. It was just a friendly suggestion. That is how Reagan bankrupted The USSA. Sorry, USSR.
http://grammarist.com/spelling/defence-defense/
My apologies for being inarticulate. What I meant to say was:
Save your opinions on how my government spends my tax dollars, and worry about your own country's impending bankruptcy. It doesn't matter which "c for s substituting" country you live in, they are all collapsing under the weight of their social programs. You may also wish to consider what an omnipresent US military power allows in terms of reduced spending by your own government, and the impact removing such a presence will have on your economic security.
Considering the proliferation of US bases and military projection planet-wide, 'Offense' seems equally pertinent, in the spirit of Orwell's "War is Peace, Freedom is Slavery, Ignorance is Strength": Offence is Defense.
More importantly, the matter of funding all that stuff at this juncture seems more like a RISK to national security than a MEANS. But that's assuredly a matter for better minds than mine.
I think it was a decent move in the chess game. It really doesn't matter what is done at this point. Whether by spending cuts or out of control debts, a recession is baked in the cake. The key point is that whomever is in power will be blamed for it.
To Boehner's credit, he hasn't had a good cry lately.
What happened?
That guy used to tear-up if the wind blew too hard.
http://www.angrysinner.blogspot.kr/2013/01/yesterday-dragon-lady-made-beef-and-egg.html
((Shirley you can't be serious...))
"Yes I'm serious...and don't call me Shirley".
Fuck you Boner.
Boner, you impotent bastard!
Here's the translation:
“The federal government has a spending problem that has led to a $16 trillion national debt that threatens our country’s future. But because of the fact that I am a big pussy, and frankly because of the fact that it's not in my best interests to do the right thing, I have decided to push Americans farther down the slippery slope in order to further my political career. The American people re-elected a Republican majority in the House in order to attempt to at least stabilize the national debt, but since printing more money and bribing our cronies and non-working constituents is all we and the Democrats know, we will stay the course and I will personally punish anyone who dares disagree with me. I am humbled by the opportunity to steal from, and destroy the citizens of the United States. If you don't like it, you can suck my dick."
Getting screwed by the false left/right paradigm.. Who'd of thunk it?
Impotent or premature?
All bone - no jizz!