As delivered as it will ever be
[QUOTE=Stan the Man; 413906]I think you need to take a closer look:
The plan hasn't been delivered ahead of schedule. The commission hasn't even voted. This [i]draft[/i] Wasn't scheduled to be released. It is just a draft. [/quote]Stan, this is Obama's panel. They held a public airing of their findings, while the president was in Indonesia. They wouldn't take a crap without the say so of BHO. This was a deliberate, advance publication of their findings timed to go public while the president was away so that he can try to claim that they are independent and not beholden to him.
[quote=] As I made clear in my post, there's no reason to await the final plan. [/quote]Agreed, there never will be one.
[quote=]It either won't get approved or it will be so watered down as to be useless.[/quote]The purpose is and always has been to create a boogie man, third party that says "we have to raise taxes, we have to secure entitlements, we have to reduce defense spending, and on and on" whereby Obama and Pelosi and Reid can ram it through congress on force it on the people. Wait a minute, with the election results, Pelosi is no longer a player. Hopefully, that makes this thing DOA.
[quote=]The draft plan calls for bringing spending to 21% of GDP, which is in line with historical norms, not a historical high percentage:[/quote]False. Federal spending as a percentage of GDP did not move permanently above 20% until the effects of Nixon's misguided social programs kicked in circa 1975.
[quote=][i]Specifically, the plan calls for limiting growth in total federal health spending (Medicare, Medicaid, the health care law) to a rate of GDP-growth plus one percent.[/quote]Therefore, growth in spending on these programs will always exceed the rate of growth in national production. If GDP grows 25% over 10 years, then federal spending on these programs grows 35. Isn't this the kind of math that got us into this problem in the first place?
[quote=] It also calls for bringing all spending down to 21 percent of GDP and capping revenue at that same level.[/quote]This and the prior citation regarding ever-expanding entitlements would mutually exclusive events. The only way you could delay the inevitable would be to eviscerate defense in order to fund social programs. Since that is the whole idea of this panel and the left in general, we shouldn't be surprised.
[quote=]Meanwhile Medicare costs are soaring and the government is about to add many billions in revenue and spending to its ledger when the health care law's main provisions take effect. That would mean, according to economists, that the law would either have to change significantly, or it would have to go. [/i][/quote]Me thinks Big Ears ain't going to sign the legislation that repeals his signature assault on the US.
[quote=][url]http://tpmdc.talkingpointsmemo.com/2010/11/deficit-reduction-plan-would-imperil-health-care-reform.php[/url]
As the last sentence in the above quote illustrates, the draft doesn't directly address ObamaCare. No one could rightly expect that it would. [/quote]That's ok. The voters addressed health care for the second time on election day. You remember the first time? When the population said "don't do it" to Pelosi and friends. Seems like the voters wanted to get their message across.
[quote=]But, it indirectly affects it by capping spending, essentially gutting the measure. What better vehicle for ridding the country of ObamaCare than the draft plan proposed by Obama's own blue ribbon commission? It is a perfect vehicle for starters, and that's the point. Use this as the initial vehicle.[/quote]I like the way you think on this one, give him a metaphorical Haitian necktie with his own tire.
[quote=]Whether you like it or not, means testing for social security is coming. Anyone with enough money to get disqualified due to means testing should already have figured that out. It's the same thought process anyone should go through when thinking about contributing to a 401k. All the experts will tell you it's a good idea because you can defer your tax obligation. What they don't tell you is what the tax rate will be when you start to draw on those funds. Of course, they can't know that. But, commonsense tells you that effective tax rates have not gone down historically. There are up and down blips, but the trend is unmistakeable since the income tax was introduced. For that reason, a Roth makes sense. But, introducing that concept into retirement planning is an obvious prelude to means testing social security. Be prepared for it. It's coming.[/quote]How about making qualified retirement distributions tax free?
[quote=]As far as eliminating the mortgage interest deduction, I can live with that. I don't know if the draft includes particulars, but I highly doubt that the proposal is to eliminate the mortgage interest deduction entirely on day 1. More likely it would be phased in, which means it would only gradually affect the property market.[/quote]I believe that the initial effort would be to disallow interest on more than $500K, which would further destroy the real estate market. The goal of the left of course would be to eliminate it completely.
Of course the only way to really make taxes 'fair' would be to eliminate all deductions and make it a flat tax for everyone.
[quote=]The time to do that is now, not when we have another bubble.[/quote]I'd have to disagree. Further raising taxes in the midst of one of the nations longest recessions and with the largest potential tax hike in history looming in the not-too-distant-future seems to be a poor idea, in my opinion.
[quote=]The point is to reduce the overall rate and strip out the special exemptions. I've got no problem with that. I guarantee you I pay more than most in interest and, thus, stand to lose more. In fact, I'm above the cap on a fictional $1 million mortgage, so I end up deducting the absolute maximum allowed. I have no problem giving that up if they roll back the highest rates and make more people participate in the tax system at [i]all[/i] Levels.[/quote]That'll be the day.
[quote=] That's the key. Right now, an average family of four making $50, 000 pays no taxes and actually gets more in fed tax dollars back. That has to stop. Once folks are forced to pay into the system, at any level, they will start to focus on what the government is doing with [i]their[/i] Money. As matters stand right now, a near majority are simply part of the dependency state. They pay nothing.[/quote]And how does the panel's report address that?
[quote=]You say you "don't buy it" about reducing the federal workforce by 10% and, instead, that Congress should "riff" 200, 000 federal jobs immediately. Including the post office, the federal workforce is about 2. 6 million. A 10% cut, as proposed, is 260, 000 federal employees.[/quote]I mean, do it tomorrow. A Washington plan to reduce Govt headcount by 260k means to reduce potential new hires by 260k, after inflating planned new hires by 260k.
[quote=]Finally, you say that this is a "head fake". It will be if they wait for the final plan from this commission. That either will never exist or will be meaningless.[/quote]"They" the new House of Reps has got its marching orders directly from the people. They should not in any way allow BHO or his minions to interpret that message for them.
[quote=]My point, as I indicated earlier, is that Republicans should take this jointly-prepared draft, work up their own plan within the confines of this draft, and then bring it forward. It won't be a "head fake" at that point. And, as long as they stay within the confines of the draft, the pedigree always can be traced to the commission Obama created by executive order. It's an utterly defensible position. This plan is based on [i]your[/i] Commission's draft. Sign it or explain why you won't to the American people.[/quote]I don't disagree with your logic. However, when you are entering into a contract with another party over something that is extremely valuable, do you let the other guy's attorney draw up the first draft? I don't. I never will.
[quote=]I would suggest that you look at this plan more closely. There is pain for both sides of the aisle. Without that, it wouldn't be credible. But, all the weeping and gnashing of teeth going on over the particulars is coming from the left.[/quote]The new House should not compromise on its principles. If you are willing to compromise your principles, what have you got left?
[quote=] The best proof that this is no head fake comes from the biggest economist idiot on the planet, Paul Krugman of the New York Times. He hates it. [url]http://www.nytimes.com/2010/11/12/opinion/12krugman.html[/url] Therefore, it has to be pretty good.[/quote]Again, I like how you think. However, when presented with two ponies, one nice clean pony and the other buried somewhere under a gigantic pile of shit, I chose the clean pony.
[quote=]If Republicans are smart, they will take this draft and run with it. No way Obama can support it. The items you mention are [i]mere parts[/i] Of their recommendations (not including means testing) but that doesn't mean anything. He won't be able to use support for tax increases and deduction limitations as a fig leaf. He either gets behind the [i]whole package[/i], which Republicans have the opportunity to craft, or he is made to look the fool that he is. Either way, Republicans win.[/QUOTE]They should cherry pick it to support their own reforms and throw it in his face at every opportunity. However, they should not engage on the draft or it progeny. They should start fresh and lay waste to...err... Waste.
Help Jackson get an all-paid evening at Black
[QUOTE=Jackson; 413831]Presented by Esten, the king of liberal spinmesters.
By my count, the score is now.
Wild Walleye: 468 points.
Esten: 1 point[/QUOTE]Dear Jackson,
No doubt wearing your moderator hat you felt my claim of "countless false statements" from Walleye was exaggerated.
In a [i]literal[/i] sense, as in the number of stars in the sky or grains of sand on the beach, the word countless here is incorrect.
However, in the sense of [i]so many times that one loses count[/i], it is accurate. And I can easily give you an idea of the scale involved.
Please see my post from Oct. 14 for two specific racist statements Walleye "quoted" of Obama and his wife. Those are false statements #1 and #2. Let's take the one for Obama: Walleye claimed that in his own words Obama said "The typical white person is a racist". I challenged him on Oct. 14 to provide credible evidence of that quoted statement but he ignored it. When I referenced it again on Nov. 7, he responded that he cited examples. That is false statement #3, what he cited were various examples of what he thought made Obama racist, but [i]were not examples/evidence of the quotes[/i] I challenged him on. Regarding the $200M / day cost for Obama's Asia Trip (false statement #4), Walleye calls the CNN story I posted an opinion piece, which is false statement #5. The CNN link has videotape of Pentagon and White House officials clearly refuting the claimed details and costs of Obama's Asia trip. It is therefore an expose, not an opinion piece. BTW, notice how despite the Pentagon saying the claims are comical, Walleye goes off speculating on the military details in defense of his position. Watch the CNN video and judge for yourself.
So what we have is Walleye defending original false statements by more false statements, denial and deflection. With just the above examples alone, one can see how his false statements multiply quickly. And how over the course of months one could easily lose count.
Let's go back to that quote again.
[QUOTE=Wild Walleye;413036]-his own words: "The typical white person is a racist"[/QUOTE]I'll be in town soon, and would gladly treat Jackson to an evening at Black including drinks and the chica of his choice. For this to happen though, the above quote must be proven as fact. It doesn't matter who provides the proof, all takers welcome. The only requirement is to provide a link with audio evidence of the above quote from Obama as stated, which is not some manufactured or out-of-context contrivance. Walleye has stood firmly by his statements, so surely the proof is out there for the finding.
Racism is a powerful tool
Just ask any Survivor. The economic repercussions of the great depression were innumerable and in many ways undefinable for the average person. Hitler seized on this by focusing discontent on a specific enemy, the Jew.
As far as manufacturing goes, in free markets, it is largely a function of marginal productivity.
[QUOTE=Black Shirt; 413969]Yes, racism has been and continiues to be used as a tool to further agendas, and most Americans have been scarred by the blatant use of the racism card in the politcal arena.
Yes, I was being a little misleading about the factories in Mexico / China. My point is that in harsh economic times, racism will rear its ugly head. A good example will be the riosts in Indonesia following the financial crisis and subsequent devaluation in 1997 when mobs took to the streets looking to kill / maim / rape the ethnic Chinese minority (often referred to as the Jews of Asia.
You will never find a soul who will admit to being a racist. Here, I am talking more about sutle rather than blatant racism. Sometimes, it can be just prejudice. That is why so many people get caught making some off-hand remarks without even realizing what they said. And they don't necessary have to be bad people. Just ask Jimmy the Greek. We can always claim to be color blind until your / mine daughter decides she is going to marry? Then, all hell break loose. [/QUOTE]