The Republican Party. I recall thinking it was a dumb idea when the Republicans passed it.
So whose fault is Medicare Part D (the prescription drug benefit)?
So whose fault is Medicare Part D (the prescription drug benefit)?
The Republican Party. I recall thinking it was a dumb idea when the Republicans passed it.
I can find fault with President Obama on a lot of fronts but not on that one. He has, if anything, ruled as a centrist, while dealing with, among others, a Senate Minority Leader who believed his most important job was ensuring the President would not achieve a second term. The fact that you are exclusively blaming the President for partisan division just shows the color of your own stripes, and you can't absolve yourself of that by claiming that others are too partisan.
The only one behaving in a foolhardy, ignorant fashion is you.
So do you think that the SS tax should be permanently cut by 2%?
Because if you are going to keep extending every year anyway why not just do that?
Nor did I solely or exclusively blame the President for our Congress being full of party zealots and partisans....not a fact. I presume you are a staunch left Democrat so keep watching CNN, for the Republican zealots out there keep watch Fox news.
I do like Fox news better mostly because of the female news ladies.
Just got my updated pay stub and a couple of hundred bucks less than last year....wondering how many others in the coveted middle class on here are seeing the same.
Thanks Obama.
Interesting that Obama was one of the few people on either side that actually wanted to extend the payroll tax cut for another year (it was already extended for 2012).
Why is the lapse of the payroll tax exemption a bad thing? It was reducing social security coffers by $120 billion a year. There was no decrease in spending to offset. WHy do you hate grandma so much?
No it wasn't. As has been stated many times on this forum, the money was replaced from general revenues.
You really do think that statement is intelligent don't you?
What false equivalence would you be referring to? The President shouldn't lead? Continue to be programmed.
This thread is a perfect example of self ownership-by you. Perhaps you should focus less on the empty anger and attitude a bit more on facts if you wish to persuade anyone what you state makes any logical sense. At present it does not.[/
I'm not attempting to persuade anyone. I haven't been presented with facts but plenty opinions to include yours.
No it wasn't. As has been stated many times on this forum, the money was replaced from general revenues.
That is the lapse of the payroll tax exemption, and you can thank the House Republicans for that, not the President. Nice try blaming him, though.
Hands down the biggest moron. You are a WinRAR. Neither side wanted to extend it, but thanks for playing the game called "I'm a retard because my partisan is ALWAYS right" game.
That is the lapse of the payroll tax exemption, and you can thank the House Republicans for that, not the President. Nice try blaming him, though.
You fell for that lie?
That was unanimous decision by both parties and signed by Obama. They were scheduled to expire anyways. Nice try blaming Republicans though.
In his original offer, Obama asked for $425 billion in stimulus through jobs measures and tax extenders, according to the Committee for a Responsible Federal Budget, including $50 billion in infrastructure spending and other stimulus measures; mass mortgage refinancing to boost the housing market; $30 billion in unemployment extension; a $115 billion extension of the payroll tax holiday; and the extension of a host of business tax breaks known as extenders.
* * *
Republicans, however, have argued that more explicit stimulus right now isn’t the answer: House Speaker John Boehner included no explicit stimulus measures in his original offer and has only proposed to extend a handful of business tax breaks since then. It’s clearly been a point of contention in the negotiations as Obama’s stimulus proposal has progressively shrunk over time: In his third offer, reported Monday, Obama dropped his ask from $425 billion to $175 billion in stimulus, as my colleague Dylan’s chart shows below, keeping the federal extension of unemployment insurance, infrastructure spending and some business tax breaks, but abandoning the extension of the payroll tax holiday, among other major measures.
The White House’s abandonment of the payroll tax is of particular concern to economists and advocates who believe that more stimulus is necessary while the economy continues to recover — particularly if Democrats and Republicans fulfill their stated promise of passing a major deficit reduction package that will begin some of its austerity in the near term. Of all the parts of the fiscal cliff, continuing unemployment insurance has the biggest “bang for the buck” in terms of boosting the economy, according to Moody’s Mark Zandi’s calculations of the fiscal multipliers. But the payroll tax holiday would boost the economy even more, as it would benefit far more households. At the cost of $115 billion, it would bolster the economy by $144 billion, according to the Economic Policy Institute.
Jared Bernstein, a former economic adviser to the White House, calls the payroll tax holiday “one of the most important components” in a potential stimulus package and believes the administration did make an effort to keep it on the table before deciding to give it up in last week’s round of negotiations. “I believe they fought hard for the payroll tax holiday, and they concluded it just wasn’t possible,” says Bernstein. “They completely appreciate the importance of that holiday right now.”
Just got my updated pay stub and a couple of hundred bucks less than last year....wondering how many others in the coveted middle class on here are seeing the same.
I think very very few. "Couple of hundred bucks" being 2% would imply your pay stub is $10K. If that's bimonthly that would translate into $240K annual income. I don't think there are many middle income families making $240K a year.
"Sizeable pay impact this month" would refer to money made...so far this month......... Did you ever think that it's likely he is talking about across the entire year of 2013? I thought it was captain obvious...
The President's initial fiscal cliff proposal included extending the payroll tax exemption - http://www.washingtonpost.com/blogs...ible-shrinking-stimulus/?wprss=rss_ezra-klein
In February, Tim Geithner, Treasury secretary, told the Senate budget committee it would be the last time. “This has to be a temporary tax cut,” Mr Geithner said. “I don’t see any reason to consider supporting its extension.”
Chris Van Hollen, the top Democrat on the budget committee in the House of Representatives, told C-SPAN television at the weekend: “I don’t think anyone thinks we should permanently extend the payroll tax cut but, given the situation we’re in, I don’t think that should be taken off the table.”
So whose fault is Medicare Part D (the prescription drug benefit)?