Harry Reid: We Need More Tax Increases on Americans (Video)

Senate Majority Leader Harry Reid told George Stephanopoulos today that any attempts to avoid the looming “sequester” must involve tax hikes.
Reid was on This Week this morning:

Harry Reid also said the American public was behind him.
ABC’s This Week reported:

Asserting that “the American people” are on his side, Senate Majority Leader Harry Reid, D-Nev., told me during an exclusive interview for “This Week” that any that deal reached between Republicans and Democrats to avoid the looming sequester must — “without any question” – include revenue.

“The American people are on our side. The American people don’t believe in these austere things. We believe that the rich should contribute. We believe we should fill those tax loopholes — get rid of them, I should say. And that’s where we need to go,” Reid said. “And I’ve got a pretty good fan base for that: the American people. Republicans, Democrats, and Independents.”

Reid confirmed his position on revenue would apply to any deal put into place to avert a government shutdown or lift the debt ceiling as well. This puts him directly at odds with Senate Minority Leader Mitch McConnell, R-Ky, who said earlier this month on “This Week” that the ”tax issue is finished,”But Reid — invoking the GOP’s 2012 presidential candidate Mitt Romney — suggested a deal could include such things as the elimination of oil and gas subsidies, or what he called “low hanging fruit.” The Nevada senator also pushed back when I asked if he was sidelined during the so called “fiscal cliff” negotiations, telling me he played the “bad cop” during that period.

Get news like this in your Facebook News Feed,
Gateway Pundit

Commenting Policy

Please adhere to our commenting policy to avoid being banned. As a privately owned website, we reserve the right to remove any comment and ban any user at any time.

Comments that contain spam, advertising, vulgarity, threats of violence, racism, anti-Semitism, or personal or abusive attacks on other users may be removed and result in a ban.

Facebook Comments

Disqus Comments

  • Jimpithecus

    Why don’t these discussions with Harry Reid ever involve less spending? Why don’t the Democrats ever get through their thick heads that they’re spending our children’s inheritance?

  • Mad Hatter

    Harry Reid is a greedy old tax pig.

  • jharp

    If you the deficit is a big threat (it’s not) then Senator Reid is right.

    Or maybe you can provide a list of spending cuts and please be specific.

    And keep in mind the complete meltdown by conservatives and republicans when Obama cut Medicare spending by $600 billion.

  • jharp

    If you think the deficit is a big threat (it’s not) then Senator Reid is right.

    Or maybe you can provide a list of spending cuts and please be specific.

    And please keep in mind the complete meltdown by conservatives and republicans when Obama cut Medicare spending by $600 billion.

  • Stella Baskomb

    “Reid confirmed his position on revenue would apply to any deal”

    President Reid actually said this?

    Will wonders never cease?

  • Stella Baskomb

    “maybe you can provide a list of spending cuts and please be specific.”

    I’ll start with these two:

    Close down the Department of Education.

    Close down the Department of Energy.

    I don’t mean scale them back. I mean shutter them.

  • cavt

    This is to expected. For the Obamaite/dem, they never have enough tax money(other peoples) or a big enough govt. This is why they never define what ‘fair share’ is. Incrementalism.

  • Doug Wakeman

    Well, little Harpy, I know that as a demonic Leftist freak this is not what you are actually looking for – a real answer – but here it is for the genuine human beings out there. Cut the entire federal workforce by 10%, evenly against all departments, agencies, boards, commissions and congressional staff. Totally eliminate the departments of education, energy, commerce, interior, homeland security and Health and Human Services. Fire the Environmental Protection Agency, the TSA and the National Labor Relations Board. Then take some of that savings in dollars and personnel and build a few prisons and wage war on welfare, social security, food stamp and housing cheats. Anyone who has defrauded the American people in these entitlement programs goes to prison for 20 years.

    That’s for starters.

  • Stephana

    #6 February 3, 2013 at 1:20 pm
    Stella Baskomb commented:

    “maybe you can provide a list of spending cuts and please be specific.”

    I’ll start with these two:

    “Close down the Department of Education.”

    “Close down the Department of Energy.”

    “I don’t mean scale them back. I mean shutter them.”

    Go for it. We would very much like to have control of the House back.

    And you are out of your mind.

  • SeniorD

    C’mon Harry! Lead from the front, forget that convenient little ‘exemption’ clause that means you (and all the rest of the Congressional Mandarins) don’t have to pay taxes. Go for broke and set the tax rate at 150% for every single American citizen.

    Then we’ll see how many odious Congresscritters leave the country like cockroaches.

    Oh, and we’ll also see a brand spanking NEW Congress and Administation Regime take office.

  • jharpy…could we cut foreign aid to the seventeen countries we borrow money from?

    could we eliminate all federal aid to states and municipalities and let those tax revenues be raised at the state and municipal level since that is where the money comes from anyway? it is at the local level that the citizen has the best chance of having a say in what their government is doing.

    could we eliminate gifts to political donors in the form of green energy grants and instead let those companies get their revenues from producing a product that consumers want and could afford?

    could we eliminate all federal aid to education for the same reasons as number two.

    the only reason politicans at the federal level tax the citizens and return the money to local entities to to control those entities and have them do what the federal politicans want instead of their constitutents want. surely your not in favor of that.

  • Stephana

    #8 February 3, 2013 at 1:29 pm
    Doug Wakeman commented:

    That”ll fix the joblessness problem. If by fix you mean grow unemployment to 25%.

    But by all means campaign on doing just that.

    It’s working out so well in national elections for you.

  • the goal of the american politican is to confiscate every penny that the american worker earns.

    the biggest supporter the politican has in this endevador is that famous fighter for the rights of the american worker, the american union leader.

  • Highlander

    jharp, the screams and wailing that we’d hear from the left would be DEAFENING if we cut what really needs to be cut, and you know exactly what I’m talking about. No, you parasites aren’t going to be forced off the gravy train until you drive it right off the cliff. Personally, I’m going to enjoy watching that. I’ve taken the necessary precautions to protect my family. Have you?

  • Mad Hatter

    For those of you who think Government Greed of more taxes can slow down our number one problem, explain to me how higher taxes can slow this down.

    http://www.usdebtclock.org/

    Higher taxes aren’t needed, spending cuts are needed. Too many people are in denial over that fact.

  • Daisy_WI

    OK jharp. I know you’re a troll, but I’ll play.

    Currently “entitlements” make up 61% of the fed gov’ts expenditures. Current revenues cover that, plus interest. We could cut the entire federal govt – defense, Congress, Depts of Education, State, everything and not have any extra money left.

    So, the total pie needs to be cut by 40%. That’s nearly 1.5 trillion on our current expenses of 3.8 trillion Here goes:

    Take every budget back to 2008 levels. That’s the last time there was a budget. That cuts it by .836 trillion (.664 to go).

    Eliminate fraud on Medicare. CBO estimates there is 80 billion / year there (oddly the same amount that the tax on the “rich” got us). If we extrapolate that 20% fraud rate to the other entitlements, that’s 0.4636 trillion / year.

    That leaves us with 200 billion left.

    Let’s cut unnecessary departments and return those functions to the states.

    For revenue – let’s cut tax writeoffs (as Romney suggested). That will increase revenue by 1.2 trillion / year. Let’s eliminate income redistribution tax rates and make sure that every citizen pays something. Now lower tax rates on the wealthy & middle class. (after all, we only need the .2 of that 1.2 trillion from ending exemptions etc).

    So what have we really cut? We’ve only rolled the gov’t back by 4 years, and we’ve eliminated fraud. The last little bit just makes sure that everyone pays their “fair” share and simplifies the code.

    What ideas did you have?

  • Stephana

    #26 February 3, 2013 at 1:32 pm
    tommy mc donnell commented:

    “jharpy…could we cut foreign aid to the seventeen countries we borrow money from?

    could we eliminate all federal aid to states and municipalities and let those tax revenues be raised at the state and municipal level”

    Foreign aid doesn’t amount to a hill of beans and the red states would literally starve to death if we ended the blue state subsidies to them.

    Though tempting it’s a bad idea.

  • Highlander

    Well, I see we have a new troll (not). Nice to meet you Stephana …

  • Mad Hatter

    A few of the Alinsky Trolls have made their way over from the Daily Kook site.

  • stephana

    Jim, It looks like somebody had hijacked my name. #32, #27, and one before that.

  • stephana

    #33 highlander, my name has been hijacked,.

  • rainmom
  • stephana

    #51 February 3, 2013 at 1:48 pm
    stephana commented:

    Quit a few have here.

  • stephana
  • bigkahuna

    Jharp and Stephana wont ever offer solutions… They simply cutting spendng causes the problems..

    Tell that to your credit card company you idiots. Sorry Visa If I stop spending more than I make you wont survive and it will cause childrens and puppies to starve.

    You ever think that 10%-20% cuts across the board will give the people and companies confidence that we are serious about dealing with our problems and the economy will take off like a rocket and increase revenues and we could actually balance the budget our freacking dimwit Dumbasscrats have refused to pass ( by law their duty) for 4 years.

    You do understand Dept of energy was started to reduce our dependence on foreign oil right ? EPIC FAIL…Close it or cut it by 80%

    Dept of Education? Yeah EPIC FAIL give that money back to the states.

    Spending was increased by $876 billion for the stimulous and LIBERALS said Hmm No budget we can simply keep spending at that increased level. Cut budget by that amount.

    Dept of Energy is a scam and money laundering criminal enterprise shoveling money back to democraps.

    Welare spending is $1 trill/ year. Drug testing for all welfare rats /parasites. Test for real mneed. If you get pregnent while on welfare all aid is cut period.

    Criminals on welfare of any kind… Shut off totally forever

    Cut congress pensions and put them in Soc Sec with the rest of us. They raided it… They can live with it. No Health insurance either… They are too rich. or tax their policies at high rates.

    Sell off the 10,000 or so empty federal buildings.

    Sell off massive amounts of federal lands we dont need

    Close many overseas military bases or make those countries pay for them. No free protection anymore.

    Cut off foreign aid to any country who doesnt support us 100%

    Put 10% tarrifs on countries who dont play fair, dont allow free elections or dont.

    Give real school choice and let schools whose success allows them to get more money. Pay for performance.

    Cut all funding to planned abortionhood,

    Cut all school lunch programs. Pay for your own damn kids food

    There are so many overlapping training programs… Merge them or cut them

    Cut back on fake disability claims ( at all time highs)

    Deport, cut off jobs and welfare, education free healthcare to illegals.

  • Stephana

    #31 February 3, 2013 at 1:38 pm
    Daisy_WI commented:

    “For revenue – let’s cut tax writeoffs (as Romney suggested). That will increase revenue by 1.2 trillion / year. Let’s eliminate income redistribution tax rates and make sure that every citizen pays something.”

    “What ideas did you have?”

    Same as you and Harry Reid. Raise taxes. Eliminate deductions or raise rates. Makes no difference to me. They are both tax increases.

  • cavt

    Well put, Bigkahuna and others. Not hard to identify things/areas to cut. Probably not hard to actually cut them. Heck, just go back to Clinton spending and govt size–USA wouldn’t cease to exist. However, listening to dems, doing that would be all she wrote and the whole country will go to h___ in a hand basket. The big reason no cuts are made is because dems(and a lot of GOPers) want a big govt with them as the leaders–but they will never openly admit this.

  • bigkahuna

    Flat tax.

    Lets stop saying rich are eveil for being successful

    We dont walk into burger king and say

    Mr Rich Guy your whopper is $37

    Middle class guy your whopper is $15

    Parasite poor guy. Your whopper is free and we give you free coke, free fries and $10 back

  • jharp

    #58 February 3, 2013 at 2:10 pm
    bigkahuna commented:

    “Flat tax.”

    Already have that in most places. It’s called a sales tax.

    How much do you think we should raise it?

    It’s 9% in Indiana when we dine out. What do you think? Mae it 15%? 20%? 25%?

  • Patty

    Before you post a comment here make sure your info is correct. But truthfully it won’t matter with this hacker. If he sees fix he will go on to another bloggers address and change it to yours.

  • bigkahuna

    or better yet

    National sales tax. The rich buy more or more expensive goods… They pay more

    The poor or frugile can go to garage sales or buy less or less expensive stuff and save money

  • sablegsd

    “And keep in mind the complete meltdown by conservatives and republicans when Obama cut Medicare spending by $600 billion.”

    He didn’t cut spending. He stole the money from medicare to use on his namesake abortion. Only an insane, regressive commie thinks that’s cutting spending.
    And I could cut spending all day long. Very specifically. CLOSE DEA, ATF, , DHS, Dept. of Indoctrination, EPA, Dept. of Stifling Energy, WELFARE, Foreign Aid, staff to senators and congressmen cut to 2 secretaries each, let me go grab some lunch and I will come back with more.

  • bigkahuna

    Jharp,

    Sales tax is for state puposes not Federal

  • Patty

    Posts are getting lost. You post something and it doesn’t show up. So, I will try this again.

    Your emails and My emails are being shown to everyone here. This hacker is changing our names and when you post something it isn’t under your name. BE AWARE before posting anything and make sure that your info is correct. But it doesn’t matter really because he or she will go to another blogger’s info. And that name could be yours. Yes, confusing but I suggest MR. HOFT get on this because others here have my email.

    DISGUSTED.

  • bigkahuna

    Jharp, Sales tax is not a flat tax

    Flat tax is paying lets say 15 or 20% of your income regardless of income level

  • Sasja

    Put in a false email address. Hoft really needs to get control of his blog.

  • Patty

    #41 February 3, 2013 at 2:20 pm
    Sasja commented:

    I did that, will change again but I am so livid I am sick.

    Thanks Sasja

  • bigkahuna

    Also we could build keystone Pipeline and increase taxes and jobs.

    Then open up federal lands to drilling and mining for energy, revenues, jobs, economic activity.

    Ban liberals…that would save a ton of money eliminating parasites.
    If you are healthy you get a job, No free money, no free food.

    CUT ALL Govt radio and tv ads trying to increase foodstamps, welfare, school lunch benefits. I hear that freaking ad promoting good school lunches 3-5 times a day. Whata total waste of money like the waste of sperm in the white house.

    Stop any and all ads promoting the success or advertising for more handouts, welfare, illegal immigrants or any program that is telling us how good it is.

  • Sasja

    You shouldn’t need to, but I would advise using a bogus email address. Jim, you really do need to take control of your blog. You’re letting the hackers dominate which is not in your best interest.

  • Pingback: Harry Reid: We Need More Tax Increases on Americans (Video) - Liberty News()

  • Patty

    Sasja will do that again. I have try to post you now 3 times.

    Thanks, I am POed

  • Patty

    test

    Still, some have my email here.

  • Sasja

    Thought my first post got sucked into a black hole.

  • Patty

    I did but fact still remains others have my email account here. This is really unbelievable and Hoft has to know this has been happening for some time now.

    What is his delay?

  • Jeannie

    Make a movie like All the President’s Men, using the no doubt abundant people out of jobs willing to inform on the cronyism, embezzlement, fraud, self-serving greed and misappropriation of funds of all of these departments, which actually need to exposed as doing no more for the people than teh state department has done for the safety and progress and defense of this country.e

    We know we have brilliant conservatives in the film industry. we know Hollywood’s films are more and more out of step with the majority of Americans and the few conservative independent films have consistently done well.

    We need to stack up a portfolio of box office that opposes the false propaganda, that builds trust that conservatives actually believe in what most Americans do while those with poisonous cynicism, elitism and contempt for most Americans, as populates the media, academia, career politicians and the sneering trolls on this board who overplay their hands, expose their desperate fear that if word gets out they’ll be ‘dethroned’, and characterize the braggadacio that exemplifies the true platitude, ‘pride goeth before a fall’.

    If they were so confident they would completely ignor conservative media as they routinely ignore evidence that disputes their ‘facts’.

    They have won so much by completely shutting down any opposing information…the behavior of those who know that their positions do not stand up under scrutiny.

    Until they can shut down the conservative outlets (a guarantee of civil unrest to attempt to take over hte internet after their grabs for destroying, first, second amendments and the land grabs), they will troll.

    Just remember that every time they are here it is an admission that they know that their message has no validity and they will do everything to let out the truth. They know they are lying and playing a shell game and they prove it when they are unable to hide that they want us silent, demonized and shut down so only one message is allowed.

    Stalin, Lenin, Hitler, Mao, Castro, China, Putin, the Taliban and the Muslim Brotherhood…and of course all democrats, but one or two, in Senate the last 12 years. The best of company.

    Their message has no audience if ANY facts get dissemination to the general public.

  • Patty

    #53 February 3, 2013 at 2:25 pm
    Sasja commented:

    😆 mine too

  • Patty

    #53 February 3, 2013 at 2:25 pm
    Sasja commented:

    try this again, 😆 mine too!!

  • Jeannie

    Hah! I copied so it didn’t disappear!
    Make a movie like All the President’s Men, using the no doubt abundant people out of jobs willing to inform on the cronyism, embezzlement, fraud, self-serving greed and misappropriation of funds of all of these departments, which actually need to exposed as doing no more for the people than teh state department has done for the safety and progress and defense of this country.e

    We know we have brilliant conservatives in the film industry. we know Hollywood’s films are more and more out of step with the majority of Americans and the few conservative independent films have consistently done well.

    We need to stack up a portfolio of box office that opposes the false propaganda, that builds trust that conservatives actually believe in what most Americans do while those with poisonous cynicism, elitism and contempt for most Americans, as populates the media, academia, career politicians and the sneering trolls on this board who overplay their hands, expose their desperate fear that if word gets out they’ll be ‘dethroned’, and characterize the braggadacio that exemplifies the true platitude, ‘pride goeth before a fall’.

    If they were so confident they would completely ignor conservative media as they routinely ignore evidence that disputes their ‘facts’.

    They have won so much by completely shutting down any opposing information…the behavior of those who know that their positions do not stand up under scrutiny.

    Until they can shut down the conservative outlets (a guarantee of civil unrest to attempt to take over hte internet after their grabs for destroying, first, second amendments and the land grabs), they will troll.

    Just remember that every time they are here it is an admission that they know that their message has no validity and they will do everything to let out the truth. They know they are lying and playing a shell game and they prove it when they are unable to hide that they want us silent, demonized and shut down so only one message is allowed.

    Stalin, Lenin, Hitler, Mao, Castro, China, Putin, the Taliban and the Muslim Brotherhood…and of course all democrats, but one or two, in Senate the last 12 years. The best of company.

    Their message has no audience if ANY facts get dissemination to the general public.

  • Patty

    Sasja I have been posting to you now 4 times.

    anyone 😆 on black hole. I don’t see any daylight

  • Jeannie

    oops, mine experienced a delay so now i’ve duplicated. Sorry all. 🙁

  • bigkahuna

    Also Cut all idiotic studies on cow farts, foreign hooker habits, mating habits of asian cats, turtle egg counts, effects of global warming, illegal alien travel habits, We can save billions

    Oh also FORCE GM to pay back every red cent, Make them pay their fair share…You know Obama changed the bankruptcy laws and allowed GM to carry forward $15 billion in losses before they were bailed out with $55 Billion tax dollars. They made $8 billion last year and paid ZERO TAXES Union bribery Democrat laundering.

    GE needs to pay taxes

  • Conservative Ken

    There are more than enough “reach across the aisle” Rino’s to give Dingy Harry all the tax increases he wants.

    We cannot trust Republicans to stand their ground and represent us.
    We cannot trust our Supreme Court appointees to uphold the Constitution.

  • bigkahuna

    Offer 10-15% bonus for ideas who cut costs/ waste at government offices..( cap it at max $250,000) or some reasonable number.

    Reduce Govt size period. ITS way to big.

    See how easy this is JHARP ON

  • Sasja

    The true greedy are the politicians and the parasites who support them. The money people earn does not belong to either group.

  • bigkahuna

    Also declare babies born ONLY to at least ONE legal citizen in the US as citizens. NO anchor babies that costs us billions and just ad incentive for illegals to come and poop a kid out here.

  • bigkahuna

    #3 February 3, 2013 at 1:10 pm
    jharp commented:
    If you the deficit is a big threat (it’s not) then Senator Reid is right.

    Jharp. If deficits dont matter then why pay taxes at all? Just let obama print an extra $2 trillion. Just put everyone on unemployment and welfare Pelosi says its great for the economy. !

    In the words of Hitlary Clit. What does it matter? If its $16 Trillion or $50 trillion ??????

  • jharp

    #66 February 3, 2013 at 2:54 pm
    bigkahuna commented:

    #3 February 3, 2013 at 1:10 pm
    jharp commented:
    If you the deficit is a big threat (it’s not) then Senator Reid is right.

    “Jharp. If deficits dont matter then why pay taxes at all? Just let obama print an extra $2 trillion. ”

    Who claimed deficits don’t matter? It certainly wasn’t me. Oh, that’s right. I forgot. It was Dick Cheney.

    Long term deficits can be a problem. However, running a deficit during an economic downturn is a good thing.

    And you’re right. Obama should print up a big pile of money. And use it to hire people to fix things that are broken and build things that we need.

  • Jeannie

    Conservative Ken, there are MANY, including Tom Sowell, who for years have tried to expose that career politicians can never serve.

    Big government is nothing more than anti-capitalist narcissists on both sides, who cannot avoid a turn at fascism as they discover the treasure trove that allows them to amass huge fortunes, while doing no work, paying no taxes, being immune from all restrictions placed upon the public, having no accountability and completely dismissing any public opinion.

    The only goal of politicians, once elected, is to help populate the rabbit warren of government jobs, which are nothing more than payoff to keep the electorate dependent and unknowingly providing monopolies and cover for the REAL big business enemies, all government that is able to continue no matter what administration is presently in office.

    Effectively the ‘elected’ are just the charismatic fronts that can draw the public favor. They are the talking heads who are the tip of the iceberg that is big business government.

    This country was founded on enterprise, hard work, family, virtue. As we have let the lazy, shiftless, entitled take all the positions of influence in academa, media and government, they have in turn discovered the safeguard for their financial security: teach the public all of the behavior that will ensure that they never again display the character and united and constitutionally based unity that produced the nation that every person in the world could come here expecting reward for honest effort.

    Honesty.
    It’s such a lonely word…and mostly what we need above all. (with hat tip to Billy Joel)

  • Sasja

    Let’s also confiscate all the ill-gotten gains our elitist politicians seemed to have amassed after they were elected to Congress.

  • Sasja

    Why don’t we let the private sector “build things that we need” and “fix things that are broken?”
    How old are you? It is a free market that decides what needs “building” and “fixes things.”
    Without a strong, fibrant, free enterprise system, nothing gets fixed nor built. What built this Republic were people engaging in commerce. Now, thanks to an over-regulating, bloated, ineffective federal bureaucracy, we now find ourselves in this pickle.

  • bigkahuna

    Jharp you cant even be honest about what you posted an hour earlier idiot.

    you posted

    #3 February 3, 2013 at 1:10 pm
    jharp commented:
    If you the deficit is a big threat (it’s not) then Senator Reid is right.

    Last time I read that you mean the deficit is no big deal. Try that with your bills idiot…you know anyone who cant print their own money.

  • jharp

    #70 February 3, 2013 at 3:25 pm
    Sasja commented:

    “Why don’t we let the private sector “build things that we need” and “fix things that are broken?””

    The private sector would do the “building” and the “fixing”. And since the govt can borrow money for free they should do exactly that. Borrow at 0% interest. Spend it hiring private contractors. The pay the money back with the tax revenues generated.

    It’s really quite simple.

    I’m in my 50’s. And have a Bachelor of Science in Accounting. You?

  • Chris f

    Get federal spending under 18% GDP and then come back to us on revenue.

  • bg
  • jharp

    #76 February 3, 2013 at 3:39 pm
    bigkahuna commented:

    Jharp you cant even be honest about what you posted an hour earlier idiot.

    you posted

    #3 February 3, 2013 at 1:10 pm
    jharp commented:
    If you the deficit is a big threat (it’s not) then Senator Reid is right.

    “Last time I read that you mean the deficit is no big deal. Try that with your bills idiot…you know anyone who cant print their own money.”

    That’s right. The deficit is not a big threat.

    And no one can print their own money. Except the federal govt.

    Now go to school son and learn why the federal govt is not the same as your household.

    We’ll all be a lot better off.

  • Jeannie

    Sasja, I hear you. Confiscate all that wealth and consign them to finding jobs with all the lack of skills that their horrible education has conferred upon so many.

  • Jeannie

    I’m in my 50s too and I have a PhD in working as a contract exec admin in over 40 industries in 130 companies/government offices/academia/hospitals and education.

    Government can ‘borrow for free’?

    I don’t think that B.A.s for accounting from cracker jack boxes count.

    Borrowing for ‘free’ is what has given us this inverted disaster. Borrow from whom? What kind of payback?

    WHY ON EARTH would anybody in their right mind, let alone an accountant, think that one person in Wash. D.C. had any business handling our money and assigning it to THEIR pet projects?

  • bigkahuna

    I went to school. I learned you dont spend more than you take in. That doesnt make it right for the fed govt.

    You said in one post the debt /deficit is not a big deal and then claim you didnt in the next. Then you say I was right you said it. Make up your small mind.

    I wouldnt let you account for anything…you are unaccountable. I bet you work for the government dont you? where mediocrity is rewarded

    The federal government needed to pay a record $104.413 billion in interest on its publicly held debt in the first six months of fiscal 2012. ( thats at interest rates of about 2%)

    So $208 billion a year in interest payments is not a threat ? You are not only ignorant you are insane We are running $1.3 trillion deficits. We have 15 % so called discretionary spending to cut ( if you dont fix social spending..welfare, soc sec, medicaid/ cair, defense, interest)

    You need to go back and get your money back for your degree its worthless or you are just a dumb liberal who will never learn until we collapse from within.

    We have high unemployment, record spending, record debt /deficits, record foodstamps/ welfare…what do you propose to solve our problems moron ?

  • bigkahuna

    Jharp,

    The government doesnt borrow for free you moron. Yeah China is loaning us money for nothing ? you mean those $208 Billion /year interest payments are paying off free money ?? Its paying 2% and when that raises it will get worse. They may print money out of thin air but that only causes inflation and makes our money worth less Just go to the store and see that. That hurts the children and middle class and puppies the [email protected] liberals claim to care so much about.

    You should never be allowed near anyones accounts. You should be institutionalized so you dont try and buy a gun you’re insane.

  • Pingback: Harry Reid: We Need More Tax Increases on Americans (Video) | Born Conservative()

  • Francesca

    #8: Why do we need a federal Department of Education when each state has its own Department of Education?

  • jharp

    #82 February 3, 2013 at 3:59 pm
    Jeannie commented:

    “Government can ‘borrow for free’?”

    Yes, free. Or even at negative interest.

  • jharp

    #83 February 3, 2013 at 4:03 pm
    bigkahuna commented:

    “I went to school. I learned you dont spend more than you take in.”

    Yes, people do indeed often spend more than they take in. And are wildly successful at it.

    They are called mortgages and student loans and even consumer loans. It’s what you do so you can make more money.

    I have a very good friend who borrowed every dime to go to medical school. 8 straight years of spending more than he took in.

    He now earns $600,000 per year with no debt and is worth several million.

  • jharp

    The U.S. government can borrow money right now at essentially no cost. But for political and ideological reasons the government is leaving what is essentially free money on the table.

    The government borrows money by issuing treasury bonds, which are essentially a promise to pay the buyer the purchase price back after a certain period of time with interest on top. Since July the amount of interest the federal government has to offer to get people to buy its bonds—the so-called “yield” of the bonds—has fallen dramatically. The nominal yield on treasuries has fallen so far that for 5- and 7-year treasuries it is now actually less than the expected rate of inflation. That means that the real yield of those bonds—the interest rate the bonds return minus the inflation rate—is now negative. Adjusted for inflation the federal government has to pay less money back to bond buyers than they originally lent the government. In other words, instead of the government paying bond buyers to lend it money, bond buyers are actually paying the government to borrow their money.

    http://bigthink.com/politeia/the-us-turns-down-free-money

  • jharp

    And this.

    WASHINGTON — These are the best of times for the world’s most ravenous borrower, the United States of America.

    A combination of unusual and unsustainable forces has pushed the cost of borrowing as low as it has ever been, so low that many investors effectively are paying to lend money to the government.

    Investors buying five-year federal debt are accepting such low interest rates that inflation is on pace to reduce the value of their investments by more than 1 percent each year. Yet demand for United States Treasuries remains much greater than the supply.

    http://www.nytimes.com/2012/02/28/business/era-of-low-cost-borrowing-benefits-federal-government.html?_r=0

  • jharp

    Got that gang?

    The federal govt can borrow money for free!

  • the politicans are always complaining the rich have too much money, i want to know when the politicans have too much money.

    “the power to tax is the power to tyrannize.”

  • JoyO

    The Progressives/Democrats continue to claim that our $16 trillion debt doesn’t matter. If that they really believe that is true, then why do they do they want to raise our taxes? Their logic is faulty.

    Our country has a $16 trillion debt AND HAS UNFUNDED LIABILITIES ESTIMATED TO BE FROM $80 – $100 TRILLION. The unfunded liabilities include retirement pensions for Federal and military retirees as well as Social Security and all of its programs, Medicaid, Medicare, Obamacare, etc. If our political elites were CEO’s in private industry, they would be in prison by now for all of these unfunded liabilities.

  • bigkahuna

    Jharp. You cant count on inflation to cut interest you pay to nothing. If we didnt borrow that money we wouldnt pay squat in interest. Got that ????? What part of $208 Billion in interest dont you idiot accountants get ?

    U.S. Treasury in March was paying an average interest rate of only 2.187 percent on Treasury securities, the federal government still needed to pay a record $104.413 billion in interest on its publicly held debt in the first six months of fiscal 2012, the most it has had to pay in the first half of the year in the 15-year span for which the Treasury Department has posted daily statements online.

    Thats more money than many many countries entire budget. Try cutting $208 billion from the education department and see how they scream about free money !

    Accounting gimmicks dont mean squat.

    Your friend took out loans assuming he would produce something oif value and pay for it and not continue deficits. Obama doesnt produce anything but BS and hot air and has projected deficits as far as the eye can see. That hurts businesses ability to borrow and do business. Add the cost of Obamacare and welfare and we are BROKE.

    They have artifitially kept interest rates low and soon the deficits are going to cause further hits to our credit rating which will force those “Free money” interest rate payments to double or worse.

    All the while they keep Borrowing FREE money we the taxpayer , are being screwed by inflation. Dont tell us there is no inflation. Food has gone through the roof as has gas and many other things.

    Seniors are hurt by Free savings accounts that pay next to nothing. The money is so cheap that banks fail to loan much instead choosing to simply invest their FREE money in the market and get big returns due to companies cutting budgets, staff, investment and R&D to nothing to keep profits and make it through the uncertainty.

    Meanwhile in the housing industry costs are rising, idiotic new building codes are pushing the costs of building a new home up by $3000-$10,000 pushing many new homeowners out of the market and hurting the economy even more.

    Nothing or very few things in life worthwhile are free especially MONEY. Just because they manipulate interest rates and numbers doesnt mean its good for the country or our future.

    Got that ????? Where did tyou get your degree ? Bubble Gum Tech ? Liberal Politician Fluffer University ?

    Put your Obama knee pads away and get a straight jacket you need one.

  • bigkahuna

    here is that no inflation thing for you

    Super Bowl prices : 16 oz Premium Beer $15 , 20oz Draft Beer $12 , Nachos $14 , All Beef Hot Dog $9 + BW $5 …

  • Jeannie

    jharp, do you even know about printing money based on no actual available capital? The money is devalued and unless you are buying in your own country your own goods, you cannot buy anything.

    For example, Zimbabwe: Their dollar is worth one trillionth of a cent because Mugawbe has repeatedly just printed money based on nothing. Our government is doing the same.

    IT is impossible to escape the conclusion that you believe:
    1) Government makes money – not the private sector
    2) Taxing businesses does NOT cause businesses to fire people or move overseas
    3) Borrowing money is no more ‘free’ than U.S. Senators and crony businesses being allowed to neither pay taxes NOR repay billions in bailout money after they have called ‘bankrupt’ and fired all their employees, is just.
    4) If you got an accounting degree and never have actually worked in real life accounting your words would make sense. They are the equivalent of the utopian scenario painted by Lenin and Marx, from their upper middle class homes where they had never the occasion to test their own theories.

    Last but not least to quote Professor Ron White, sad as it is: “You can’t fix stupid”

  • Jeannie

    excuse me #s 3 and 4 do not fall into the “It is impossible to escape the conclusion that” . THey are stand alone observations.

  • Freddie Sykes

    Thank you, Harry Reid, for pointing out that taxes are voluntary in this country!

  • bigkahuna

    Jeannie… But we are obligated to point out stupid when we see it.

    JHARP you have been pointed out over and over

  • Blacque Jacques Shellacque

    …must involve tax hikes.

    Didn’t they already get their tax hikes?

    How many more do they want?

  • Highlander

    bigkahuna, I admire your efforts, but trying to reason with that jackass (or any of the other trolls here for that matter) is an exercise in futility. Their ideology is one of fantasy and idealism, which means that reality or facts are of no interest to them.

    I find it interesting that these people never bother to thank Mr. Hoft for allowing them to come here and vomit their leftist propaganda all over us. Like most liberals, they don’t even appreciate the fact that they aren’t banned here, even when they become vulgar and abusive. Of course, in perfect keeping with the liberal hypocrisy we’ve come to expect, WE would be banned in an instant at any one of the more prominent left-wing sites, simply for speaking our mind or presenting the facts.

    I just found out that left-wing hackers launched a denial of service attack on the new Tea Party Community web site right in the middle of their live introductory podcast yesterday. So much for OUR first amendment rights, huh? But somehow, in their eyes it was the right thing to do because the end always justifies the means with these pathetic hypocrites. They’ll do anything they can think of to suppress our voices and advance their progressive agenda, even if it means breaking the law or violating our rights.

    I have to admire Jim for respecting the Constitution and giving these people the opportunity to voice their opinions, but at times I question whether some tighter community standards wouldn’t be appropriate. I don’t think too many people would be upset if he banned some of these trolls, bullies, and habitual liars. Letting them come here and spew while our voices are being silenced everywhere else is hardly a fair fight …

  • Patty

    Obama Says U.S. Needs Revenue Along With Spending Cuts

    http://www.bloomberg.com/news/2013-02-03/obama-says-u-s-needs-revenue-along-with-spending-cuts.html

    In other words, he too wants more taxes.

  • bigkahuna

    Highlander, I understand. But I prefer freedom to the GP as opposed to the oppression at Daily Kosucker, or the luny pantywaists at Shovington Post.

  • had enough yet?

    Yeah BigK, I certainly understand. I’m just getting tired of their BS every day here. It’ll pass though…

    Meanwhile, someone needs to slap these trolls upside the head, and explain the HUGE difference between INVESTMENT (which is what a business or entrepreneur does to make money) and DEFICIT SPENDING, which is what irresponsible people and tyrannical governments do.

    If our government’s spending was going to pay off in industrial growth and prosperity, it would be considered an INVESTMENT and I’d be all for it. However, when they’re blowing the money propping up unions, paying off political cronies, and expanding government and entitlements (which are all OVERHEAD), it is NOT an investment, it is DEFICIT SPENDING, and I simply cannot support it.

    I learned about the evils of deficit spending and the importance of living within my means while I was in college, when I racked up too much credit card debt and found myself a slave to my creditors. When I got out of college, I worked my ass off for several years to pay off those debts, and then saved until I had enough money to start a business. Once I had the business off the ground, I learned how to make the careful investments necessary to grow my business, borrowing only what was necessary and only for things that I KNEW would generate more cash flow. My business grew and eventually provided me with a comfortable living.

    The point is, when you’re economy is in the toilet, deficit spending on government, entitlements, social programs, or any other non-productive things for any length of time is pointless. When you’re in financial trouble, unless you’re spending your money on things you KNOW will generate profit, you’re just digging the hole deeper. That’s just common sense to most intelligent people …

    However, if you’re greedy and self-centered, and you really aren’t concerned with the consequences of your spending, or who has to pay the money back, fiscal responsibility will be the last thing on your mind. Only morons, parasites, or thieves would ever think that more deficit spending is good for this country, and that, of course, explains why our trolls, and people like Obama, Pelosi, Reed, and all the other leftists in America are in favor of it …

  • jharp

    #101 February 3, 2013 at 6:50 pm
    Jeannie commented:

    jharp, do you even know about printing money based on no actual available capital? The money is devalued and unless you are buying in your own country your own goods, you cannot buy anything.

    For example, Zimbabwe: Their dollar is worth one trillionth of a cent because Mugawbe has repeatedly just printed money based on nothing. Our government is doing the same.

    IT is impossible to escape the conclusion that you believe:
    1) Government makes money – not the private sector
    2) Taxing businesses does NOT cause businesses to fire people or move overseas
    3) Borrowing money is no more ‘free’ than U.S. Senators and crony businesses being allowed to neither pay taxes NOR repay billions in bailout money after they have called ‘bankrupt’ and fired all their employees, is just.
    4) If you got an accounting degree and never have actually worked in real life accounting your words would make sense. They are the equivalent of the utopian scenario painted by Lenin and Marx, from their upper middle class homes where they had never the occasion to test their own theories.

    Last but not least to quote Professor Ron White, sad as it is: “You can’t fix stupid”
    ######################################################

    From our resident PhD poster.

    Good one.

  • Bigkahuna

    Jharp, she nailed you to a T…. Another great philosopher nice said… Stupid is as stupid does!

    You and Obama is stupid. But keep posting I welcome your idiotic posts to illustrate stupid is.

  • Daisy_WI

    I’m amused that Jharp thinks I’m for MORE taxes – I said revamp the tax code – eliminating deductions would raise revenue, but then I pointed out that we only needed 1/6 of what it would raise, so we need to cut tax rates.

    I also said that we need to eliminate income restribution tax rates. That’s not “tax the rich” that’s tax the 47% who don’t pay income taxes now.

  • jcarp

    I have a PhD in countology, and I say that monetizing the debt is brilliant. And then insuring debt obligations is even MORE brilliant. Hey, it worked real well for AIG, didn’t it?

  • Daisy_WI

    Countology? Like on Sesame Street?