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1 dragonfire1981  Thu, Dec 6, 2012 4:25:12am

Cue wailing from Republicans that Obama is "reckless"

2 aagcobb  Thu, Dec 6, 2012 5:14:06am

It will be interesting to see how firm the GOP's resolve is when angry voters start complaining after they see the higher tax bite out of their first 2013 paychecks. The President absolutely should not make a deal that doesn't resolve the debt ceiling issue. If the GOP wants to make a deal, they have to make an offer that is better than simply allowing the tax cuts to expire and sequestration to occur, which they haven't done yet.

3 Dark_Falcon  Thu, Dec 6, 2012 5:43:00am

Fine. If sequester is the only way to ensure spending cuts, then so be it.

4 Obdicut  Thu, Dec 6, 2012 7:18:51am

re: #3 Dark_Falcon

Fine. If sequester is the only way to ensure spending cuts, then so be it.

Including the defense cuts?

5 Spocomptonite  Thu, Dec 6, 2012 8:43:35am

re: #3 Dark_Falcon

Fine. If sequester is the only way to ensure spending cuts, then so be it.

I've never understood this view. Our defense spending is the only thing that that far exceeds other developed countries outlays in terms of GDP, and our effective tax rates, both income and corporate, are among the lowest of all developed countries, as well as our own history.

Cut spending? What? Why? So our social, health, and infrastructure spending matches a third world country like our tax rates do?

6 Dark_Falcon  Thu, Dec 6, 2012 9:34:24am

re: #4 Obdicut

Including the defense cuts?

I'm afraid so, yes. I know the damage they'll do, but if the alternative is a tax increase as a precondition then the defense cuts are the lesser of two evils.

7 Obdicut  Thu, Dec 6, 2012 9:55:02am

re: #6 Dark_Falcon

I'm afraid so, yes. I know the damage they'll do, but if the alternative is a tax increase as a precondition then the defense cuts are the lesser of two evils.

That's so fucking crazy. We've had higher taxes before and a robust economy. This apocalyptic response to raising taxes from one of the lowest points they've been since the modern era is really bizarre.


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