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President Obamas Speech


ginger

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Also to the person complaining about the fact that 47% of Americans pay no income tax, don't forget, 22% of that 47% of those people are elderly who collect social security, social security income is exempt from income taxes.

 

 

Yeah. Basically welfare for old people too stupid to save their own money for 40 years. Again, the workers and earners in this country have to carry those too incompetent and lazy to take care of themselves. You realize that the eligability age for SS was years later than the average life expectancy when it was created? The life expectancy of a male back then was 60 years!! It is now 79 (?) or higher. So the eligability age should be 85.

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I guess you can't wait to get back to school. You must miss the playground, nap time, and those little milk boxes you get at lunch.

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How do any of those increase crime?

 

I think he believes welfare money is really protection money, keeping all those poor criminals happy.

 

Meanwhile the economy continues to crumble. 1st quarter GDP "revised" to 0.4%. 2nd quarter at 1.3% and you can bet this number is actually lower too. The only reason these numbers are above 0 is to prevent economists from calling it a recession during a presidential election year. Nothing will change as long as liberals control the presidency and the senate. Private sector businesses aren't willing to take risks under an administration that hates them.

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I think he believes welfare money is really protection money, keeping all those poor criminals happy.

 

Meanwhile the economy continues to crumble. 1st quarter GDP "revised" to 0.4%. 2nd quarter at 1.3% and you can bet this number is actually lower too. The only reason these numbers are above 0 is to prevent economists from calling it a recession during a presidential election year. Nothing will change as long as liberals control the presidency and the senate. Private sector businesses aren't willing to take risks under an administration that hates them.

This isn't a presidential election year, moron. lol!

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This isn't a presidential election year, moron. lol!

 

If you haven't noticed the presidential election season has already started and Obama is in full campaign mode. Obama has to have decent economic numbers now to have any chance of winning in 2012 and everything is being done to prop up what in reality is a recession. And as usual all you're left with are personal attacks. 1.3% GDP. Pathetic.

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Guest Redumblican Teabagger

If you haven't noticed the presidential election season has already started and Obama is in full campaign mode. Obama has to have decent economic numbers now to have any chance of winning in 2012 and everything is being done to prop up what in reality is a recession. And as usual all you're left with are personal attacks. 1.3% GDP. Pathetic.

Sarah Palin 2011!!!

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Some House Republicans want the nation to default. Instead of helping fix the economy, they would rather intentionally tank it so they can attempt to pin it on President Obama and Democratic candidates.

 

The 15 minutes of fame for the Tea Party is ending very shortly.

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Guest Solution oriented

A Balanced Approach is the Right Way Forward

By Congressman Maurice Hinchey

 

President George W. Bush sold the country on large tax cuts that went disproportionately to the wealthy, launched an unjustified and extremely costly military operation in Iraq, and initiated a Medicare prescription drug program that wasn't paid for and put the interests of the pharmaceutical industry before the interests of senior citizens. In short, President Bush inherited a $237 billion budget surplus and left with a $1.4 trillion deficit, a plummeting economy and a national debt that exploded from $5.7 trillion to $10.6 trillion in his eight years.

 

For the record, I voted against every single one of these bad policies, which are responsible for most of our current national debt. Even so, the sad reality is that without an increase in the debt ceiling our nation may default on its obligations for the first time in history and the implications for the global economic system and New York families would be devastating.

 

Despite the consequences, many Republicans in Congress who repeatedly voted to raise the debt ceiling during the Reagan administration and both Bush administrations are now refusing to do so. Instead they demand the elimination of Medicare as we know it along with cuts to Social Security, education, infrastructure investments and a host of other programs on which middle class New Yorkers rely.

 

Remarkably, those who call for the elderly, poor and middle class families to sacrifice in the name of deficit reduction have made no similar call for sacrifice from those who have continually prospered. Under the plan proposed by Speaker Boehner, the tax rates for the very wealthy would continue to be lower than they were under Reagan and billionaires would continue to pay lower tax rates than their secretaries.

 

These same policies have not only created the largest budget deficit in our history, but also the greatest wealth inequality since the depression. Today, a typical CEO at a large corporation is paid more than $11 million per year, while a typical American worker earns just over $33,000.

 

The good news is that there is a better way to cut the deficit. We can allow the Bush tax cuts for the very wealthy to expire and close the tax loopholes for Big Oil and Wall Street hedge fund managers. We can bring our troops home from Afghanistan and shift our foreign policy from nation building to preventing terrorism. We can reform our entitlement programs without benefit cuts by finding new efficiencies - for instance, we can finally lift the ban on Medicare's ability to negotiate bulk rate discounts on drug prices so seniors get the same drugs, but at lower prices.

 

Finally, and most importantly, we should redirect our efforts towards job creation, because every time we create a job, we reduce the deficit. That means investing in education and upgrading our transportation, communication, and energy systems so that we can put people back to work in the short run and unleash a new era of economic growth over the long run.

 

When I talk to people about the America they want to build for their children and grandchildren, they aren't interested in visions of austerity and decline. They understand that we must cut our deficit, but also know that we cannot move this country forward by slashing our bedrock social safety net programs and cutting our investments in education and infrastructure. Instead, they understand as I do that the only way to protect the old American dream is to build a stronger America where it is still possible.

 

Thank you for reading!

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I don't care what side of the argument you are on. We should all be outraged that our elected officials can't act like grown ups and just get things done. They are wasting all of this time campaigning, and it's hurting us. I'm just about fed up with it. Vote all of these bums out!

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Some House Republicans want the nation to default. Instead of helping fix the economy, they would rather intentionally tank it so they can attempt to pin it on President Obama and Democratic candidates.

 

The 15 minutes of fame for the Tea Party is ending very shortly.

 

Wrong. A $29 billion interest payment is what is required to avoid a "default" next month. Therefore, the nation will not default.

 

You think this will end with the acceptance of Obama's 2 trillion dollar debt ceiling extension request? This is just the beginning. This problem won't be going away with what will be a 16 trillion dollar debt. The tea party will still be around when the debt becomes 16 trillion or 18 trillion. Maybe when the debt reaches 20 trillion the idiots who don't understand where we are heading will finally get it and actually support real spending cuts.

 

If you want to talk about the economy tanking, Obama's unprecedented spending spree will do just that. Because of the level of debt and out of control spending, the United States credit rating will likely be downgraded for the first time in its history, under Obama's watch.

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Wrong. A $29 billion interest payment is what is required to avoid a "default" next month. Therefore, the nation will not default.

 

You think this will end with the acceptance of Obama's 2 trillion dollar debt ceiling extension request? This is just the beginning. This problem won't be going away with what will be a 16 trillion dollar debt. The tea party will still be around when the debt becomes 16 trillion or 18 trillion. Maybe when the debt reaches 20 trillion the idiots who don't understand where we are heading will finally get it and actually support real spending cuts.

 

If you want to talk about the economy tanking, Obama's unprecedented spending spree will do just that. Because of the level of debt and out of control spending, the United States credit rating will likely be downgraded for the first time in its history, under Obama's watch.

Yeah - it's all Obama's fault.

 

24editorial_graph2-popup-thumb-560x622-58477.gif

 

Turn off your television and computer. They are making you stupid.

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Yeah - it's all Obama's fault.

 

24editorial_graph2-popup-thumb-560x622-58477.gif

 

Turn off your television and computer. They are making you stupid.

 

LOL, a graph that actually predicts Obama's spending through 2017! And the tarp loans under Bush had already been paid back with interest. What complete BS. A stupid person is someone who actually thought we were going to default next month.

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Speaking of the economy tanking...

 

Boston Scientific to lay off 1,200-plus

 

http://www.boston.com/business/healthcare/articles/2011/07/29/boston_scientific_to_lay_off_1200_plus/

 

 

I'm sure that has nothing to do with the 2.3% excise tax on medical-device makers in Obamacare.

 

Nope... especially when they made a $146 million profit this year... up from $98 million last year. It is just companies wanting more profit to reward CEO's, other exec's, and board members... instead of rewarding their day to day employees. And one can not say it is high taxes... they are making a great profit with the taxes already in place, leaving will just lessen the amount of taxes paid... so taxes will have to go up again. That is the cycle. The cycle needs to reverse... where people and companies pay their fair share, then the tax percentage can go down, rewarding everyone.

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Nope... especially when they made a $146 million profit this year... up from $98 million last year. It is just companies wanting more profit to reward CEO's, other exec's, and board members... instead of rewarding their day to day employees. And one can not say it is high taxes... they are making a great profit with the taxes already in place, leaving will just lessen the amount of taxes paid... so taxes will have to go up again. That is the cycle. The cycle needs to reverse... where people and companies pay their fair share, then the tax percentage can go down, rewarding everyone.

 

And they paid $227 million in income taxes for the 1st quarter this year. So how much should their "fair share" be?

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And they paid $227 million in income taxes for the 1st quarter this year. So how much should their "fair share" be?

Nothing. They should pay nothing. Thanks for offering to pick up the tab.

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Nothing. They should pay nothing.

 

Then they are already paying more than their fair share. Thanks for playing the class warfare game.

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At least Obama is indirectly addressing the illegal immigrant problem that we have.

 

http://www.sacbee.com/2011/07/28/3799513/improving-mexican-economy-draws.html

 

They are going home where they can find a job. That's what happens when the unemployment rate here becomes nearly double than that of Mexico.

 

 

And yet he gives a speech to Latinos talking about moats and alligators? :rolleyes:

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It's not just President Obama. I remember President Bush and Dick Cheney standing in front of the podium right after they got elected saying...well you know, the economy is right about to tank.

What are you talking about? Do you have any idea. Facts are facts, from 2001 to 2006 the economy boomed and unemployment was low. From 2006 to 2008(after the Pelosi and Reid take over) we tanked. From 2008 to present we have no rebound in unemployment, if fact it's deepened. Obama and is crew have failed America.

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What are you talking about? Do you have any idea. Facts are facts, from 2001 to 2006 the economy boomed and unemployment was low. From 2006 to 2008(after the Pelosi and Reid take over) we tanked. From 2008 to present we have no rebound in unemployment, if fact it's deepened. Obama and is crew have failed America.

Remember kids, even though the democrats didn't actually get into office until 2007, it was their fault that the economy started to tank in 2006. In addition, the Republicans have been in control of the house since the beginning of this year, and it's all Obama's fault that the economy is in the hole.

 

This is the way to think when you are a partisan simpleton who is unable to think for yourself. This is your brain on stupid.

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With a 14 trillion dollar debt and no plan to seriously reduce our spending, we're in danger of losing our AAA credit rating for the first time in history. This will result in increased interest rates and a major hit to an already fragile economy. What do you think is in store for us beyond what will soon be a 16 trillion dollar debt? People laugh at a balanced budget amendment, but think for a minute about what is required of the budget for this country to ever see a 13 trillion dollar debt again.

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