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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Alighieri who wrote (621932)	7/29/2011 10:16:33 AM
From: Sdgla	2 Recommendations Respond to of 1578510

In his first three budgets, Obama borrowed nearly $5 trillion. Currently, the government is borrowing about 45 percent of everything that it spends. Obama's projected 10-year plan would add nearly $10 trillion to existing U.S. debt. This spring he proposed the largest annual deficit in U.S. peacetime history, which is why his $3.7 trillion budget for 2012 was rejected in the Senate by a 97-0 vote. In other words, under Obama, the government during the last three years has borrowed on average about $4 billion each day. That staggering sum is far in excess of the $1.6 billion per day during the eight-year tenure of George W. Bush, who until Obama's presidency had borrowed more than any peacetime president. VDH

To: Alighieri who wrote (621932)	7/29/2011 10:23:41 AM
From: i-node	3 Recommendations Read Replies (1) \| Respond to of 1578510

>> This is a little like the "obama extended the bush tax cuts for the rich" contention...repugs walk away from obama really wants to do then they accuse him of not doing it...you guys are kinda funny, but not really. From the Washington Post: In remarks before signing the bill, Obama called it "a substantial victory for middle-class families across the country." He added: "They're the ones hardest hit by the recession we've endured. They're the ones who need relief right now." Obama described the bill as "a package of tax relief that will protect the middle class, that will grow our economy and will create jobs for the American people." The package, brokered by Obama and Republican leaders in the wake of the November elections, angered many Democrats, who have long argued that the Bush tax cuts were skewed to benefit the wealthy. But their last-minute campaign to scale back the bill's benefits for taxpayers at the highest income levels failed, and the House passed the measure 277 to 148 Thursday night, with 112 Democrats and 36 Republicans voting "no."

To: Alighieri who wrote (621932)	7/29/2011 11:02:10 AM
From: tejek	Read Replies (3) \| Respond to of 1578510

Go Pelosi........the best speaker in ten years. Pelosi: GOP plan aims to dismantle public sector, not reduce deficit By Pete Kasperowicz - 07/28/11 06:00 PM ET House Minority Leader Nancy Pelosi (D-Calif.) late Thursday accused Republicans of complicating the deficit-reduction talks because they want to dismantle the public sector entirely. "Why are we where we are today?" Pelosi asked in closing remarks in the debate over the House GOP's Budget Control Act. "My belief is that the Republicans came to the table not to reduce the deficit, but to go way beyond that and to dismantle decades of progress made in a bipartisan way for America's great middle class. "If in fact the purposes were deficit reduction, in a very strong way, we were on that path in the Biden talks, in the talks subsequent to it," she added. Pelosi argued that Democrats were capable of reaching a deal that included some Republican ideas to cut spending, but said the bill up on the floor today, S. 627, aims to dismantle Medicare, Social Security and several other programs. "This isn't about deficit reduction, this is about dismantling the public sector," she said. "If our purpose is reduce the deficit, we certainly can do that. If our purpose is to dismantle progress in the middle class, we won't be a party to it." Earlier in the debate, House Budget Committee leaders sparred over the bill. Ranking member Chris Van Hollen (D-Md.) agreed with Pelosi that Republicans are looking to gut Medicare and other programs. "This is a manufactured crisis in order to try and force and squeeze through a particular deficit-reduction plan, a deficit-reduction plan that would end the Medicare guarantee, cut education and yet protect those special-interest tax breaks and breaks for the very top," he said. But Republicans rejected these accusations throughout the day. Budget Committee Chairman Paul Ryan (R-Wis.) disputed Van Hollen's charge that Republicans were trying to engineer a crisis. "Manufactured crisis?" he said. "Who went on television to scare senior citizens that their Social Security checks might be in doubt? The President of the United States." Ryan also said the broad numbers in the GOP bill are very close to those agreed on earlier in talks with Senate Democrats. "These were agreed to on a bipartisan basis," he said. Soon after Pelosi spoke, the House postponed a vote on the bill. As of 6 p.m., there was no sign of when the vote might be held. http://thehill.com/blogs/floor-action/house/174251-pelosi-gop-wants-to-dismantle-public-sector-not-reduce-deficit