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Another battle looming

January 15, 2013

With the fiscal cliff averted, the next big political battle in?Washington, D.C. is upon us: The debt ceiling. Both sides on Monday were intent on drawing their lines in the sand....

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(79)

WorriedAmerican

Jan-24-13 10:47 AM

What's up with "whiner Boehner"? He's crying again that President Obama's going to destroy the republican party! I thought the republican party was doing a good job on its on doing that!

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WorriedAmerican

Jan-23-13 1:40 PM

President Barack Obama is biased against Republicans, says Fox News commentator Bill O’Reilly.

“It's pretty clear that he doesn't like them because he feels that they are the purveyors of white privilege,” O’Reilly said during an interview with Washington Post editor Bob Woodward on "The O’Reilly Factor" show.

“He's never going to say that, but that's the theme that runs through his advisers: the white privilege has to be broken down.”

Woodward disagreed, saying, “I just think he doesn’t agree with Republicans on their agenda. He’s hurting his own cause.”

But O’Reilly didn’t give up. “The Republican agenda, in the president's mind, props up white privilege,” he said. “Therefore, as the social justice champion, he has to tear that down. He doesn't like the white privilege thing, and he doesn't like the Republicans trying to defend it. That's the seed.”

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WorriedAmerican

Jan-21-13 7:01 PM

BUSH TAX CUTS DID NOT CREATE JOBS: FROM 2001-JUNE 2007 JOBS GREW AT 4.8 PERCENT COMPARED TO 16.2 PERCENT UNDER THE SAME TIME PERIOD UNDER CLINTON.

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WorriedAmerican

Jan-21-13 6:56 PM

The fourth destructive change has been the hollowing out of the larger American economy. Having lived beyond our means for decades by borrowing heavily from abroad, we have steadily sent jobs and production offshore. In the past decade, the number of high-value jobs in goods production and in service categories like trade, transportation, information technology and the professions has shrunk by 12 percent, to 68 million from 77 million. The only reason we have not experienced a severe reduction in nonfarm payrolls since 2000 is that there has been a gain in low-paying, often part-time positions in places like bars, hotels and nursing homes.

It is not surprising, then, that during the last bubble (from 2002 to 2006) the top 1 percent of Americans — paid mainly from the Wall Street casino — received two-thirds of the gain in national income, while the bottom 90 percent — mainly dependent on Main Street’s shrinking economy — got only 12 percent. This growing wealth gap is not the mark

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WorriedAmerican

Jan-21-13 6:55 PM

The day of national reckoning has arrived. We will not have a conventional business recovery now, but rather a long hangover of debt liquidation and downsizing — as suggested by last week’s news that the national economy grew at an anemic annual rate of 2.4 percent in the second quarter. Under these circumstances, it’s a pity that the modern Republican Party offers the American people an irrelevant platform of recycled Keynesianism when the old approach — balanced budgets, sound money and financial discipline — is needed more than ever.

David Stockman, a director of the Office of Management and Budget under President Ronald Reagan, is working on a book about the financial crisis.

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WorriedAmerican

Jan-21-13 6:31 PM

"How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."

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WorriedAmerican

Jan-20-13 2:38 PM

h4c is calling the The Vatican's chief spokesman, the Rev. Federico Lombardi, and 47 other religious leaders liars! Just because they agree with what President Obama is trying to do!

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WorriedAmerican

Jan-20-13 2:29 PM

H4c the republican RIGHT is loosing faith! The Vatican praised President Barack Obama's proposals for curbing gun violence on Saturday, saying they are a "step in a RIGHT direction.

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WorriedAmerican

Jan-20-13 2:27 PM

H4c seems your party is loosing faith! The Vatican's chief spokesman, the Rev. Federico Lombardi, in an editorial said that 47 religious leaders have appealed to members of the U.S. Congress "to limit firearms that are making society pay an unacceptable price in terms of massacres and senseless deaths."

"I am with them," Lombardi declared, lining up the Vatican's moral support in favor of firearm limits

Considering that Americans possess "about 300 million firearms," Lombardi said, "people cannot fool themselves that it is enough to limit the number and use (of guns) to impede in the future horrendous massacres like that of Newtown that shook the conscience of America and world, as well as that of children and adults. "

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WorriedAmerican

Jan-20-13 2:25 PM

He was referring to the Newtown, Conn., elementary school where 20 children and six adults were killed by a sole attacker last month.

"But it would be worse to be satisfied with words" of condemnation alone, Lombardi said. And while massacres are "carried out by unbalanced or hate-driven persons, there is no doubt that they are carried out with firearms," the Vatican spokesman said.

Lombardi renewed Vatican appeals for disarmament and encouragement for measures to fight "the production, commerce and contraband of all types of arms," an industry fueled by "enormous economic and power interests."

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JackAaah

Jan-20-13 2:01 PM

....I feel they must have gotten rid of them, now that they were caught with them. In order to move my Democrat Party agenda forword.

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JackAaah

Jan-20-13 11:24 AM

....the end justifies the means in order to get Votes For Gifts....that I feel. And support it to the death....and without a gun.

We of the Democrat party must use that whatever means to move forword...only exception, no guns for us. Therefore, we must level the playing field by taking EVERYONE's guns....and we WILL move forword on that. For the Party.

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locomotive

Jan-19-13 6:40 PM

JB, I haven't seen anger in Jack's posts. He just seems cloyingly persistent to me.

That "Votes For Gifts" thing? It's infectious.

Even the kids have tried something similar at our house. "Majority rules" or something like that.

I tell them that just wanting things doesn't get them for you. But noooo.

All they have to do is cite one of Jack's phrases and they think they deserve everything, without working usually.

Maybe instead of angry, we'll just call Jack "armed and dangerous." I'm sure that'll appeal to his ego, right?

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JackAaah

Jan-19-13 4:54 PM

WA - I applaud your deception and dishonesty as portraying Stockman as the Republican party spokesman. I know they did not award him that "honor", yet you and I must use ANY means to justify the ends.....in moving us forword. And our Democrat Party control will only move forword if we use whatever means....

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WorriedAmerican

Jan-19-13 2:24 PM

h4c once again you seem to be repeating yourself! Maybe you should regroup like your "loser party" should! Don't worry Be Happy! :-) Four More Years! Enjoy all you sore losers out there!!! "How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."

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WorriedAmerican

Jan-19-13 11:42 AM

jack here is the short version for your limited attention span! ARROYO GRANDE, Calif. (MarketWatch) -- "How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."

Get it? Not "destroying." The GOP has already "destroyed" the U.S. economy, setting up an "American Apocalypse."

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locomotive

Jan-18-13 3:53 PM

"Democrats pay their Bills!"

I guess that can now work as a talking point, Bill.

It sounds good, right?

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JackAaah

Jan-18-13 12:31 PM

WA, my fellow Democrat - I missed something with all the long-windedness our Party is known for.....who was that "Republican party spokesman" again?

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WorriedAmerican

Jan-18-13 11:52 AM

h4c I see you do not have any intellegent answer. Not surprised. That speak volumes about you and the rest of your party affiliation. :-) Don't worry and Be Happy! Enjoy being the minority party for decades!

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WorriedAmerican

Jan-18-13 11:31 AM

h4c elcapitan you can defend your republican party by answer any of the statements that your party spokesman said. Do you despute what he said? Is he a liar?

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WorriedAmerican

Jan-18-13 9:15 AM

muleskinner I can answer your question the businesses moved their manufacturing over to foreign countries to avoid paying taxes and for the cheap labor to maximize profits for their shareholders to hide their profits in other foreign bank accounts! Everything leaving the US at the expense of the US tax payers and the middle class workers! Outsourcing at its finest! True Romney style!

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WorriedAmerican

Jan-18-13 9:08 AM

Their own members of the GOP admit that the republicans destroyed the American economy! So what is it do you have a party of liars or just a bunch of incompitent financial leaders?

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muleskinner

Jan-18-13 8:28 AM

Question: Why were 46,000 manufacturing plants closed across the entire continental US and then moved to Chindia? All with the loss of millions of jobs, stuff they make there and ship to here is stuff we could make here, consume it here and then sell the excess manufactured goods to China and India?

What's wrong with the picture? What exists now is a very bleak situation. Millions without work, trillions in debt, wars without end.

Not a pretty picture.

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WorriedAmerican

Jan-17-13 11:05 PM

The Obama administration has proposed increasing and in some cases doubling this deduction, but promises not to expand the tax credit so far that it hurts the ability to balance a budget,

The proposed amended deduction narrowly focuses on manufacturing, excluding businesses like oil production and distillation and specifically targeting companies that make goods.

This means that the new version of the domestic production incentive would:

No longer apply the credit companies that produce oil With those savings, expand the current deduction for manufacturing companies, including an 18% credit for firms involved in advanced manufacturing

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WorriedAmerican

Jan-17-13 11:03 PM

Obama wants a new tax credit that would allow a company to write off 20% of the expenses of moving a plant back to the U.S.

According to the White House, the credits would be paid for by removing loopholes that allow companies to deduct the moving expenses of shipping a facility overseas.

As it stands, a company that spends $1 million moving a facility overseas can write off $350,000 if they pay the corporate tax rate of 35%.

As it stands, there is a 9% tax deduction for companies that manufacture and produce domestically.

The Obama administration has proposed increasing and in some cases doubling this deduction, but promises not to expand the tax credit so far that it hurts the ability to balance a budget,

The proposed amended deduction narrowly focuses on manufacturing, excluding businesses like oil production and distillation and specifically targeting companies that make goods.

This means that the new version of the domestic production incentive would:

No lon

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