Short version. Obama is perfect and is not to blame at all for economic debacle. It’s all those evil, evil Republicans.
Watch it here Breitbart.tv » Obama To GOP: It’s Your Fault.
Long version with my comments:
Good afternoon. As you all know, last summer I signed a law that will cut nearly $1 trillion of spending over the next 10 years.
To offset the 4 trillion of spending increase you’ve created in just 3 years.
Part of that law also required Congress to reduce the deficit by an additional $1.2 trillion by the end of this year.
In September, I sent them a detailed plan that would have gone above and beyond that goal. It’s a plan that would reduce the deficit by an additional $3 trillion, by cutting spending, slowing the growth of Medicare and Medicaid,
First off you’re not cutting spending. So lie one for you, but it’s a common lie in Washington that both sides engage in. What you’re talking about is saying that instead of growing spending by 13 trillion you’re only going to grow it by 10 trillion. Let me explain something to you, oh great idiot-in-chief, the American public, or at least those who actually have jobs and are the ones paying for all of this want you to not just slow the growth of government but to actually cut government. That if we’re spending 4 trillion a year now we should be spending 3 trillion next year and two trillion after that. We don’t want you to slow the growth of the debt we want you to start paying it off.
and asking the wealthiest Americans to pay their fair share.
Also may I ask what “fair share” is. Right now the top 10% of Americans pay about 70% of income tax. They earn a little over $4 Trillion dollars of a $14 Trillion dollars economy (2009 numbers) or it works out to about 31% of the nation’s GDP according to the Tax Foundation . Now income tax receipts were 1.4 Trillion in 2009 and the top 10% paid about 70% of that. So they make 28% of the money but they pay 70% of the income tax. Yes clearly they’re not putting up their fair share. But you say that a good portion of that GDP comes from corporations and they also pay obscene tax rates usually in the 30% range.(…unless they’re cronies of Obama, like GE or Warren Buffet’s firm…so why doesn’t Obama ask his friends to pay their fair share?). So the question is how much is a fair share? Should the rich have to pay half of their income? Should they have to pay all of it? If you try that I suggest you take a look at this…
In addition to my plan,
Which I don’t remember and a half hour search on the internet can’t seem to find…I think he’s mistaking his fantasy for reality again…but if any one has a copy of this mythical plan please forward it to me…
there were a number of other bipartisan plans for them to consider from both Democrats and Republicans, all of which promoted a balanced approach.
Again what the hell is he talking about? Republicans have cuts, ranging from slash and burn to a lot of the cuts suggested by Obama’s debt commission…you know the one Obama decided to ignore. Or is he referring to that joke of a budget he sent in February?
This kind of balanced approach to reducing our deficit — an approach where everybody gives a little bit, and everyone does their fair share –
There is that word again “fair share” it sounds nice, but does he have an actual number to go with it. What is my fair share Mr. President? Give me a number and I’ll tell you if it’s fair or not. Fair share…it’s along with statements like “Hope,” “Change,” and “Steaming Pile of Horseshit.” How is paying 70% of all income tax not a fair share? Should the top 10% pay 100% of all income tax…that doesn’t quite seem “fair”…how about the top 1% pays all of the income tax? Well that won’t work; tax receipts are about 1.4 Trillion in 2009 and the top 1% (3 million people) only made about 1.3 Trillion in 2009…and even that amount was putting us further in debt. Clearly the only answer is for the rich to pay 150% of all their income then they will be paying their fair share.
is supported by an overwhelming majority of Americans –
Barrack, I hate to tell you this, those idiots out at Zucatti park are not the “overwhelming majority of Americans” I know you would like it to be, but no. The majority of Americans voted in Republicans two years ago, a lot of them Tea Party candidates, you can’t say they want more spending.
Democrats, independents, and Republicans.
Well here he is actually correct. Mainly because there are really liberal bastards who like to call themselves Republicans. John McCain for instance.
It’s supported by experts and economists from all across the political spectrum.
Ranging from conservatives (or at least what Obama thinks is conservative) like Paul Krugman to moderates (or at least what Obama thinks is a moderate position) like Karl Marx to liberals like the Obama administration.
And to their credit, many Democrats in Congress were willing to put politics aside and commit to reasonable adjustments that would have reduced the cost of Medicare, as long as they were part of a balanced approach.
Yes, they’re willing to put aside party politics, so long as it means raising taxes and not touching entitlements. Very moderate of them! Balanced seems to be a word like Fair to Barrack, it’s all dependent on what he wants. Fair is taxing all the people who voted against me to death and giving all the people who voted for me tax breaks and bailouts. Balanced is doing what I say without question.
But despite the broad agreement
Between liberals, socialists, communists, and rapists at OWS
that exists for such an approach, there’s still too many Republicans in Congress who have refused to listen to the voices of reason and compromise that are coming from outside of Washington.
Yes they have only repeatedly suggested closing all the loop holes via the Debt Commission, the Ryan plan, plus other plans to close loopholes (granted not as many closed loopholes as in the Ryan plan or as many as I would like to see, but it was a start) …the democratic counter proposal was to find 1.2 Trillion in savings through 1.3 trillion in new taxes and 300 billion in stimulus. Yeah that’s balanced. Oh and they offered around $400 billion in cuts to Medicare. In the 2010 budget Medicare was 453 billion , so ignoring the fact it’s constantly growing that at about 9% of the next 10 years of Medicare’s budget…yes truly a significant cut for a useless entitlement program designed to keep people dependent on the government. Show me that in 10 years Medicare’s budget will be around $100 Billion and you’ll be making progress.
They continue to insist on protecting $100 billion worth of tax cuts for the wealthiest 2 percent of Americans at any cost,
You know I remember you pushing for those tax cuts too at one point…oh maybe because at that time you were willing to admit raising taxes in an economic downturn is about as useful as putting a loaded gun to your temple and squeezing the trigger. Did you forget that basic fact or did you just need a good talking point because you have NOTHING in terms of accomplishments to run on.
even if it means reducing the deficit with deep cuts to things like education and medical research.
First, asshole, stop using the education thing. More money does not mean better education. When you say education you just mean paying off your teacher’s union supporters. And medical research shouldn’t be a government industry; it should be done by the private sector. So please cut all federal funds for education and let the states handle education (you’ll see major improvement in the education field) and cut all medical research as well (you’ll see major growth in that sector too).
Even if it means deep cuts in Medicare.
Oh don’t tease me like that.
So at this point, at least, they simply will not budge from that negotiating position.
Just as you won’t budge from raising taxes which won’t solve the problem, but it will give you a nice class warfare talking point. I’m so glad your reelection is better than actually solving the debt.
And so far, that refusal continues to be the main stumbling block that has prevented Congress from reaching an agreement to further reduce our deficit.
And your refusal to deal in reality that we have a SPENDING problem, not a REVENUE problem. The US debt is at $15 Trillion, our GDP is $14 Trillion. When you’re that far in debt you’ve got a spending problem.
Now, we are not in the same situation that we were — that we were in in August.
No the debt is even bigger now because you keep spending like a drunken sailor with no hint that you have any intention of stopping.
There is no imminent threat to us defaulting on the debt that we owe.
Until the next debt ceiling which isn’t that far away. Right now we’re financially sound…just like Greece, Italy and Spain.
There are already $1 trillion worth of spending cuts that are locked in.
Again countered against your $4 Trillion in new spending.
And part of the law that I signed
11 I’s and 3 my’s in a 5 minute speech. Everything has to be about him. The law he signed, the plans he proposed (whether they actually exist or not) the sun he causes to rise and set. This man sees himself as a God-King more than one-term president.
this summer stated that if Congress could not reach an agreement on the deficit, there would be another $1.2 trillion of automatic cuts in 2013 -– divided equally between domestic spending and defense spending.
Because we all knew we would get here, where both parties wouldn’t be able to compromise. That’s why there were automatic cuts, because we knew rather than dealing with the real problem you and the rest of the liberals would only recommend raising taxes. We put in a guarantee that ensures that you had to put in cuts.
One way or another, we will be trimming the deficit by a total of at least $2.2 trillion over the next 10 years. That’s going to happen, one way or another.
Primarily we will do this by booting the big spender out of 1600 Pennsylvania Ave.
We’ve got $1 trillion locked in, and either Congress comes up with $1.2 trillion, which so far they’ve failed to do,
Actually the law they came up with ensures it.
or the sequester kicks in and these automatic spending cuts will occur that bring in an additional $1.2 trillion in deficit reduction.
Now, the question right now is whether we can reduce the deficit in a way that helps the economy grow, that operates with a scalpel, not with a hatchet, and if not, whether Congress is willing to stick to the painful deal that we made in August for the automatic cuts. Already, some in Congress are trying to undo these automatic spending cuts.
You mean you’re looking to find ways around it. And what we need is not a scalpel or a hatchet…what we need is a machete. The budget needs to be cut. Programs. Departments. Bureaucracy. It all needs to go.
My message to them is simple: No. I will veto any effort to get rid of those automatic spending cuts to domestic and defense spending. There will be no easy off ramps on this one.
I love that trying to appear big and tough and in charge we’ve got him defending what we want which is budget cuts. There is a beautiful irony to this, and he doesn’t get it.
We need to keep the pressure up to compromise –
This once again shows he knows less than nothing about our system of government. It was designed to do nothing. And if we the Republicans do nothing then they get exactly what they want. Oh by the way the Department of Homeland Security is where part of that 600 Billion in defense cuts can come from. The TSA runs a budget of 8 billion a year, so if we kill that useless organization and let the airlines privatize their security then that’s 80 billion over 10 years already saved. Our troops in Uganda is probably another 10 Billion. Killing the engine that Sen. Kerry forced on the Pentagon is another half billion. 90.5 Billion, 15% of the way there and it took me less than a minute to write that paragraph and I have not harmed the U.S. security in the least.
not turn off the pressure.
Actually Obama wants the pressure gone because this class warfare bullshit only works for so long and if this is his entire plan for next November (which it appears to be) it’s going to lose everybody but the idiots at OWS somewhere around May.
The only way these spending cuts will not take place is if Congress gets back to work and agrees on a balanced plan to reduce the deficit by at least $1.2 trillion. That’s exactly what they need to do. That’s the job they promised to do. And they’ve still got a year to figure it out.
Why? The GOP has the cuts they wanted. The only thing we want now is more cuts and to close ALL the loopholes in the tax code and then lower the tax rates. But we won’t get that until this idiot is gone.
Although Congress has not come to an agreement yet,
Actually they did, the law you signed.
nothing prevents them from coming up with an agreement in the days ahead. They can still come together around a balanced plan.
We kind of have that now. We’re going to make cuts.
I believe Democrats are prepared to do so.
Only because you have no choice in the matter.
My expectation is, is that there will be some Republicans who are still interested in preventing the automatic cuts from taking place.
I hope not. Why would they want to do that?
And, as I have from the beginning, I stand ready and willing to work with anybody that’s ready to engage in that effort to create a balanced plan for deficit reduction.
But only so long as it only involves raising taxes on the people who didn’t vote for me and giving more loopholes and bailouts to the superrich people who support me.
Now, in the meantime, we’ve got a lot of work left to do this year. Before Congress leaves next month, we have to work together to cut taxes for workers and small business owners all across America.
That’s easy, kill all the loopholes and then lower the tax rate. You’ll find that more money will be coming in from the top 1% and 10% but mainly from your friends who try to avoid paying taxes…you know, like all of your cabinet.
If we don’t act, taxes will go up for every single American, starting next year.
This is the first time in history a Democrat has acted like they think that’s a bad thing.
And I’m not about to let that happen. Middle-class Americans can’t afford to lose $1,000 next year because Congress won’t act.
Well then cut, cut, cut. How about we start with your crappy medical law, then move onto all of your other acts. Then keep cutting away. Unlike Perry, I can name 8 Departments that should be eliminated.
And I can only hope that members of Congress who’ve been fighting so hard to protect tax breaks for the wealthy will fight just as hard to protect tax breaks for small business owners and middle-class families.
Actually they’ve been fighting for sound economic policy for everyone not just meaningless class warfare sound bites.
We still need to put construction workers back on the job rebuilding our roads and our bridges.
We still need to put our teachers back in the classroom educating our kids.
WTF? What the hell kind of hallucinogenic is he on? Teachers need to be laid off in. All the bad teachers, and there’s a lot of them, need to be given the boot and not enough have. That’s part of the problem. Lots and lots of idiots in the teaching profession need to be fired first before we even thing about hiring more teachers.
So when everybody gets back from Thanksgiving, it’s time to get some work done for the American people.
Namely working to make Obama a one term president.
All around the country, Americans are working hard to live within their means and meet their responsibilities.
So I don’t have to.
And I know they expect Washington to do the same.
Which is why they’re going to give you a pink slip.