Surprise: Obama Wants Increased Revenue For Debt Deal

The question is, is Mr. “I won’t negotiate” Obama using the notion of increased revenue as a way of blunting the demands from Republicans (and the American People who hate Obamacare), or is he simply demanding new revenue, ie, taxation, like he’s done before? I wouldn’t be surprised if it was the latter. We’ve seen multiple times that when a deal is almost in place President Stompy Foot demands much more, scuttling the deal

(NY Times) Be skeptical. Be very, very skeptical.

That was the reaction from nearly all corners to the talk of convening yet another round of bipartisan negotiations to reduce the nation’s long-term debt. The idea has resurfaced as a way of resolving the standoff between President Obama and the Republican-controlled House over reopening the government and increasing its legal borrowing limit, perhaps for months or even just weeks.

But even if the current talks soon resolve the immediate impasse, which did not look likely on Saturday, any renewal of negotiations for a long-term fiscal plan will run into the same underlying problem that has doomed efforts for the past three years.

Republicans refuse to raise additional tax revenue, and until they do, Mr. Obama will not support even his own tentative proposals for reducing spending on fast-growing social benefit programs, chiefly Medicare. During a White House meeting with Senate Republicans on Friday, he reiterated that the two go hand in hand, according to people who were there.

There you have, the NY Times, the “paper of record”, has said it. Obama’s default position is “increase taxes”. Though writer Jackie Calmes does write something silly about “Mr. Obama and Democrats say some of that revenue must be used to pay down the debt.” Would that be the almost $7 trillion in debt they’ve run up in….counting…less than 5 years since Obama took office? They have no intention of using increased taxation to do anything but fund pet projects and interest groups, along with increasing dependency on Government. Debt reduction? Good luck with that.

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3 Responses to “Surprise: Obama Wants Increased Revenue For Debt Deal”

  1. Conservative Beaner says:

    The Dems and some GOP do what they do best. Raise tax rates, take money from lobbyists and legislate cutouts for “their” supporters, which the President will sign. Meanwhile those who can’t afford lobbyist get stuck with the bill and that usually means the middle class.

    I sometimes feel sorry for future generations who will get stuck with the bill. Then they do something stupid like voting for the guys who are spending their future into oblivion. Many youth have been taught it’s OK to expect something for nothing and wonder why we have high deficits and a growing debt, duhhhhh.

    To the youth Obama is like a bad genie who will give you three wishes.

    The first wish is a free education.

    Many youths expect they will find high paying jobs when they graduate. After they discover that jobs are hard to find and what is available is low pay or only part time work they ask Obama why they can’t find decent jobs.

    Obama says you asked for a free education, you didn’t say anything about jobs.

    Next the youth along with other Americans for free or low cost health insurance.

    Many Americans are finding out that the cost has not gone down, but up. Deductables are higher, copays are higher. You may not be able to see your doctor that has been your practicioner for years. Employers are dropping employees or just employee families. When the folks ask what happened to their healthcare.

    Obam answers, you wanted affordale health insurance you didn’t ask for a guarantee to see a doctor.

    Finally the folks wish that Obama would just go away.

    Obama responds, I will in three and half years.

  2. […] a surprise. President Obama suddenly seems open to negotiations in the debt ceiling talks. He wants to negotiate for more revenue, which means higher taxes. Which means more money sucked out of the economy. Be skeptical. Be […]

  3. See_My_Gumballs_They_Be_Rollin says:

    Raise our taxes yet again so as to pay for the debt that you ramped up to $17Trillion dollars?!?!
    SCREW YOU. Cut the budget!!

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