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To: skinowski who wrote (523984)	11/21/2012 10:01:26 PM
From: LindyBill	5 Recommendations Respond to of 793964

how come Boehner agreed to such an idiotic default setting? Boehner is an old time, "Bob Dole, tax collector for the welfare state." He would raise and spend if he could get away with it. Fortunately there are still enough "Tea Party" types in Congress to keep some brakes on it.

To: skinowski who wrote (523984)	11/21/2012 10:05:27 PM
From: FJB	Read Replies (1) \| Respond to of 793964

According to Michael D. Tanner of the CATO Institute, America isn’t just headed for a fiscal cliff – we flew off it long ago like Thelma and Louise thanks to our out-of-control spending habit. Tanner writes: “federal spending is set to rise to 46 percent of GDP by 2050. When you add in state and local spending, government at all levels will be consuming more than 60 percent of everything produced in this country. We cannot long remain economically productive or personally free with a government of that size.” That vast spending increase makes every “fiscally responsible” suggestion by President Obama into a laugh line. Obama’s $1.6 trillion tax hikes wouldn’t cover even one fifth of the projected deficit; it won’t even cover his proposed spending increases. And as for Social Security and Medicare, which are massive unfunded liabilities, that cost clocks in at a hefty $78.5 trillion to $128.2 trillion. “You could confiscate – not tax but confiscate – every penny belonging to every millionaire and billionaire in America,” says Tanner, “and still not have anywhere near enough money to pay for all that we owe.” And all that assumes that Obama’s assumption that higher taxes create higher revenues is correct. Every time that’s tried, though, tax receipts end up dropping off. We don’t have a taxation shortage. We have a spending problem. And Obama and the Democrats don’t want to admit it, just like any other addict. breitbart.com

To: skinowski who wrote (523984)	11/21/2012 10:43:04 PM
From: Brian Sullivan	1 Recommendation Respond to of 793964

My question is - how come Boehner agreed to such an idiotic default setting? In effect, he agreed to huge tax increases The real history of the "Bush" tax cuts is that they were all originally scheduled to expire after 2010. That was how they were passed in the first place. So if you want someone to blame it would be the people who wrote the 2003 bill. Obama and the Democrats would only agreed to a "temporary" extensions of them at the end of 2010.

To: skinowski who wrote (523984)	11/21/2012 11:14:42 PM
From: Wayners	Respond to of 793964

Boehner claims that Osambocare is on the table to be cut. I'll believe it when I see it. We currently have a single collectivist globalist party circus for sick entertainment. It looks a lot like the surrender of Germany at the end of WWII IMO where they are just trying to figure out how to surrender without being hanged, shot, or imprisoned for the rest of their lives.