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2 Bumps

Obama says tax hikes for the rich and cuts to defense spending

Still, there is a gap to bridge between Obama and Republicans, who want to essentially privatize Medicare and Medicaid while offering tax cuts to the wealthy. The Wall Street Journal says Obama's proposal "caught Democrats in Congress off guard."

http://online.wsj.com/article/SB10001424052748704366104576255282893680792.html?mod=WSJ_hp_LEFTTopStories

What's your take?

 
CHarlan

Asked by CHarlan at 3:37 PM on Apr. 11, 2011 in Politics & Current Events

Level 17 (3,275 Credits)
This question is closed.
Answers (22)
  • Raise taxes on the people who have the ability to pump money into the economy if only you'll let them have their money? That makes no sense.


    That is ridiculous, and proven to be false. We have been trying this for thirty years, it doesn't work.  They have the ability to pump it into the economy, but they don't.  The businesses hoard it, the people save it.  They couldn't possibly pump all that money back into the economy. It's the middle class who pumps all of their money back into the economy.  Everyone can't keep crying about the deficit, but only think it can be fixed with spending cuts, and not address the revenue problem.

    mommom2000

    Answer by mommom2000 at 10:46 PM on Apr. 11, 2011

  • Tax and cut defense...imagine that! I don't see how on earth this could have caught the Democrats off guard. LOL

    yourspecialkid

    Answer by yourspecialkid at 3:40 PM on Apr. 11, 2011

  • Interesting. Sounds like pre-election babble. Didn't he say the same thing before he was elected? And what exactly did he do about it in the two years he had a filibuster proof super-majority? All talk, no walk. I have to hand it to him though, he sure knows how to tell his base what they want to hear. LOL.

    QuinnMae

    Answer by QuinnMae at 5:05 PM on Apr. 11, 2011

  • I wouldn't believe that man if his tongue was notarized!
    cbk_mom3

    Answer by cbk_mom3 at 3:53 PM on Apr. 11, 2011

  • Cut defense spending while we're involved in 3 wars. Sounds pretty stupid. Raise taxes on anyone during a recession and sky high unemployment, equally as stupid.
    sopranomommy

    Answer by sopranomommy at 3:52 PM on Apr. 11, 2011

  • Raise taxes on the people who have the ability to pump money into the economy if only you'll let them have their money? That makes no sense.

    Cut defense spending while we are engaged in three (count them, three) wars (or KMAs, whatever)? That makes even less sense!

    Once again, he proves that having a high IQ does not equal being smart.
    May-20

    Answer by May-20 at 5:03 PM on Apr. 11, 2011


  • Why did he recently agree to extend Bush era tax cuts?


    http://articles.nydailynews.com/2010-12-17/news/27084689_1_tax-cuts-jobless-benefits-obama-s-illinois


    JUST FOUR MONTHS AGO??

    jewjewbee

    Answer by jewjewbee at 7:39 PM on Apr. 11, 2011

  • It's only a small dent in the deficit but I 100% agree with eliminating W's tax cuts for the wealthy. It won't affect them nearly as much as it does the middle class. I think the WS Journal got it wrong, Dems are not taken off guard. This is something they've wanted all along.
    parrishsky

    Answer by parrishsky at 3:47 PM on Apr. 11, 2011

  • LOL mommom!! Those evil people and businesses saving their money for a rainy day or retirement! That green eyed monster just follows you everywhere you go doesn't he!

    April 15-Tax Day should not be a pay day.
    yourspecialkid

    Answer by yourspecialkid at 11:24 PM on Apr. 11, 2011

  • I'm on board :)
    DomoniqueWS

    Answer by DomoniqueWS at 3:50 PM on Apr. 11, 2011