Quotes of the day

posted at 10:11 pm on November 29, 2012 by Erika Johnsen

Boehner said he was “disappointed” after a phone call with Obama on Wednesday night and a meeting with Treasury Secretary Timothy Geithner on Thursday moved the two sides no closer to an agreement to avert the tax hikes and spending cuts that will be triggered at the start of 2013 unless Congress intervenes.

“I’m disappointed in where we are and disappointed in what’s happened over the last couple of weeks,” Boehner, of Ohio, told reporters after a private session with Geithner at the Capitol.

No substantive progress has been made in the talks between the White House and the House over the last two weeks,” he said. “There’s been no serious discussion of spending cuts so far, and unless there is, there’s a real danger of going off the fiscal cliff.”

***

President Obama offered Republicans a detailed plan Thursday for averting the year-end “fiscal cliff” that calls for $1.6 trillion in new taxes, $50 billion in fresh spending on the economy and an effective end to congressional control over the size of the national debt.

The proposal, delivered to the Capitol by Treasury Secretary Timothy F. Geithner, mirrors previous White House deficit-reduction plans and satisfies Democrats’ demands that negotiations begin on terms dictated by the newly-reelected president. …

Senate Minority Leader Mitch McConnell (R-Ky.) called the proposal a “step backward” from compromise…

“This is a real problem. Every day, the delay brings us one step closer to the fiscal cliff that we simply must avoid,” McConnell said.

***

Avoid letting the latest figure on U.S. economic activity cheer you. Gross domestic product in the third quarter did indeed grow, but that expansion was built on a weak structure that threatens to collapse. …

Dim gloom now hovers over the end of 2012. Market participants say a fiscal cliff solution is key to motivating both shoppers and businesses. So far, only contradictory and perplexing signals emanate from Washington, D.C., even though the anxiety and worry threatens to dampen the critical Christmas shopping period, in which retailers derive 40% of annual revenue.

Economists currently predict fourth-quarter economic growth between 1% to 1.5%. This would be the lowest point in two years, and a far cry from the level needed to substantial improve the economy or lower unemployment.

***

Already, local news stations are running “fiscal cliff” countdown clocks. Fevered curiosity over the ebb and flow of cliff negotiations is rising and may soon creep near the Kardashian or One Direction pop-culture summit. When the fate of marginal tax rates and the Medicare eligibility age compete with boy bands and wannabee wannabees, you know legislative hysteria is on the loose. …

Hysteria, like a hangman’s noose, focuses the mind. It can transform rock-ribbed ideologies into Silly Putty—or at least soggy holiday fruitcake. It can turn voters and those who represent them into instant pragmatists. When fiscal-cliff negotiations and not reindeer hooves become this year’s holiday clatter, it will be because voters know what is the matter: Washington, if it remains paralyzed, will sentence the country to the first premeditated recession not imposed by German bankers (pity the Greeks) in the history of Western civilization.

***

Democrats have some inherent advantages in the impending fiscal negotiations, but they are mercilessly exploiting one advantage they do not deserve at all: their claim that they wish only to raise the top rate of income tax to 1990s levels. That’s true for 2013. But in 2014, the taxes in Obamacare bite. With those surtaxes, the top rate of tax will rise beyond the Clinton levels to levels not seen since before the tax reform of 1986. That’s a point that deserves repetition and underscoring, again and again.

***

For these wealthy taxpayers, powerful accountants and tax lawyers always make sure their “income” is rarely subject to top marginal tax rates. But that’s not the case for small-business owners who make far less but are still subjected to the pain of tax hike plans passed under the guise of making the tax code more equitable. Because these taxpayers can’t afford the best accountants that money can buy, they bear the brunt of Washington’s feel-good fantasy tax on the ultra-rich.

If politicians really want to make millionaires and billionaires pay at a tax rate that most of us endure on April 15th, their moral pangs would be soothed more effectively by following Buffett’s minimum tax plan or focusing on raising the tax rates on capital gains and carried interest. As Mr. Buffett told me yesterday, the richest Americans won’t be affected by the President’s plan to push the top marginal income tax rate back to 39.6 percent.

***

But if raising taxes would lead us toward trouble, why would raising taxes only on some people (“the rich”) not have some of the same harmful effect? Since the top 1% of income-earners pay about 40% of the income tax, raising taxes only on the 1% still significantly increases the tax burden on the private sector. …

Any notion that it matters whom you tax is simply a parlor game played by the class-warfare crowd. There are only two repositories of money—the private sector (which efficiently distributes goods) and the public sector (which doesn’t distribute anything well). No central planner possesses the omniscience to assign fairness. The only guide to fairness of distribution that I can imagine is the minute-by-minute vote of the most exacting and direct democracy ever known: the marketplace. …

Any legislator considering capitulating on the Taxpayer Protection Pledge should remember that revenue is down now because of the recession and slow economic growth, not because of the lower tax rates that have been in place for almost a decade. Raising revenue by increasing rates or ending deductions won’t spur the economy. It may even depress the meager economic growth we have and raise less tax revenue.

***

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Comment pages: 1 2 3 4

Hello?

KCB on November 29, 2012 at 10:12 PM

Bah humbug L.i.B :-)

Scrumpy on November 29, 2012 at 10:12 PM

Anybody?

KCB on November 29, 2012 at 10:12 PM

Hi Scrumpy!

KCB on November 29, 2012 at 10:13 PM

Rushbabie is right on!

Scrumpy on November 29, 2012 at 10:13 PM

Hi KCB!

Scrumpy on November 29, 2012 at 10:13 PM

Others will be along in a bit :-)

Want some Camel Meal Tea with 2 humps?

Scrumpy on November 29, 2012 at 10:14 PM

I got one in a row! Probably not the record….

KCB on November 29, 2012 at 10:14 PM

8th!!!!!!

Paul-Cincy on November 29, 2012 at 10:14 PM

I am gonna have a cup of Earl Grey meself…

Scrumpy on November 29, 2012 at 10:15 PM

KCB You BISHOPPED!!! ^5

Scrumpy on November 29, 2012 at 10:15 PM

I hope AP’s cat is OK.

Electrongod on November 29, 2012 at 10:15 PM

call his bluff

what’s the Keyan Wunderkind gonna do? eat a dog?

Slade73 on November 29, 2012 at 10:16 PM

Hiya PC!

Scrumpy on November 29, 2012 at 10:16 PM

Hey EG! Slade!

Scrumpy on November 29, 2012 at 10:16 PM

And a hearty howdy doody to all the late comers ;-)

Scrumpy on November 29, 2012 at 10:17 PM

I got one in a row! Probably not the record….

KCB on November 29, 2012 at 10:14 PM

soooooo close, yet so far away

Slade73 on November 29, 2012 at 10:17 PM

Smoke break, if ya got ‘em smoke ‘em!!!

Scrumpy on November 29, 2012 at 10:18 PM

Republicans should resist tax increases for a while. Wait until the media is positively DEMANDING tax increases and the people are demanding tax increases … and then let them have it.

That is the ONLY way that Republicans can not be held to blame for them. Right now the Democrats are attempting to get the Republicans to cave early and then they can say “hey, the Republicans raised your taxes, not us”. If the Republicans hold off a while, the Democrats can be cornered into completely owning them and won’t be able to blame the Republicans for them.

crosspatch on November 29, 2012 at 10:18 PM

Hey EG! Slade!

Scrumpy on November 29, 2012 at 10:16 PM

I think AP is leaving us. :)

Electrongod on November 29, 2012 at 10:18 PM

Smoke break, if ya got ‘em smoke ‘em!!!

Scrumpy on November 29, 2012 at 10:18 PM

Doing it now.

Electrongod on November 29, 2012 at 10:18 PM

no, no, no

Pubs will get the blame. Count on it. No matter what.

let’s just take a cliff dive – we’ll be better off in the long run

Slade73 on November 29, 2012 at 10:20 PM

Hello?

KCB on November 29, 2012 at 10:12 PM

Your last word in this life and you choose “hello”?

Bishop on November 29, 2012 at 10:20 PM

I brought matches. Should we burn it?

KCB on November 29, 2012 at 10:20 PM

Could HA be more depressing lately?

gophergirl on November 29, 2012 at 10:21 PM

Bishop on November 29, 2012 at 10:20 PM

You say goodbye, …

KCB on November 29, 2012 at 10:21 PM

Let it crash just like in SW’s video…

Scrumpy on November 29, 2012 at 10:22 PM

With those surtaxes, the top rate of tax will rise beyond the Clinton levels to levels not seen since before the tax reform of 1986. That’s a point that deserves repetition and underscoring, again and again.

Holy crap! That’s from the Daily Beast. … and this:

For these wealthy taxpayers, powerful accountants and tax lawyers always make sure their “income” is rarely subject to top marginal tax rates. But that’s not the case for small-business owners who make far less but are still subjected to the pain of tax hike plans passed under the guise of making the tax code more equitable. …

… and that from Politico?

Wow, when even the left-leaners are pointing out the looming disaster, mixed with idiocy, then there may actually be some hope that the regime won’t be successful here.

AZfederalist on November 29, 2012 at 10:22 PM

Depressing GG? Nah, you came to the right thread for some fun! ;-)

Scrumpy on November 29, 2012 at 10:22 PM

Who is this “Bishop”?

KCB on November 29, 2012 at 10:23 PM

Could HA be more depressing lately?

gophergirl on November 29, 2012 at 10:21 PM

Yes. Ed could remind us that one of our senators continues to be Al Franken.

Bishop on November 29, 2012 at 10:26 PM

Smoke break, if ya got ‘em smoke ‘em!!!

Scrumpy on November 29, 2012 at 10:18 PM

Doing it now.

Electrongod on November 29, 2012 at 10:18 PM

Electrongod:I’m busy stripping down and eating a pomegrante,
does that count?—-:0

canopfor on November 29, 2012 at 10:26 PM

Here is a Happy Song!!!!

http://www.youtube.com/watch?v=d-diB65scQU

Scrumpy on November 29, 2012 at 10:26 PM

Erika’s night for QotD

Schadenfreude on November 29, 2012 at 10:27 PM

canopfor on November 29, 2012 at 10:26 PM

Messy innit? :-)

Scrumpy on November 29, 2012 at 10:27 PM

If the Republicans don’t cave in, I’ll eat my shorts.

SouthernGent on November 29, 2012 at 10:27 PM

SouthernGent on November 29, 2012 at 10:27 PM

What is your prefered topping?

Scrumpy on November 29, 2012 at 10:28 PM

Everyone say “Fiscal Cliff!!!” like a bunch of lemmings who need the Major God Obama and the minor gods in congress to save them and it will only cost you a country. Such a barging.

VorDaj on November 29, 2012 at 10:28 PM

Here is a Happy Song!!!!

http://www.youtube.com/watch?v=d-diB65scQU

Scrumpy on November 29, 2012 at 10:26 PM

Scrumpy:Veddy nice,I’ll raise you,with this one!:)
==================================================

Monty Python – Always Look on the Bright Side of Life
*****************************************************

http://www.youtube.com/watch?v=jHPOzQzk9Qo

canopfor on November 29, 2012 at 10:30 PM

“Fiscal Cliff”! Lmao…

Scrumpy on November 29, 2012 at 10:30 PM

canopfor on November 29, 2012 at 10:26 PM

Messy innit? :-)

Scrumpy on November 29, 2012 at 10:27 PM

Scrumpy:You bet,tasty and succulent tho:)

canopfor on November 29, 2012 at 10:31 PM

http://www.c-span.org/Live-Video/C-SPAN2/

Please read the description of the bill they are voting on at the bottom of the screen. Tell me we are not in trouble.

dom89031 on November 29, 2012 at 10:32 PM

Electrongod:I’m busy stripping down and eating a pomegrante,
does that count?—-:0

canopfor on November 29, 2012 at 10:26 PM

Ah….yeeeeaaah…

:)

Electrongod on November 29, 2012 at 10:32 PM

Canopfor, oh you gone n done it now, I can’t quit whistling!! ;-)

Scrumpy on November 29, 2012 at 10:33 PM

Fiscal Cliff

KCB on November 29, 2012 at 10:33 PM

it passed…Thank God.

dom89031 on November 29, 2012 at 10:34 PM

Yes. Ed could remind us that one of our senators continues to be Al Franken.

Bishop on November 29, 2012 at 10:26 PM

Oh yeah – another reason to look forward to 2014.

gophergirl on November 29, 2012 at 10:35 PM

Scrumpy on November 29, 2012 at 10:26 PM

Which reminds me, where’s Bmore? And Flora, for that matter.

Hi, in any event.

wolfsDad on November 29, 2012 at 10:35 PM

If the Republicans don’t cave in, I’ll eat my shorts.

SouthernGent on November 29, 2012 at 10:27 PM

If the stupid, vapid ‘pubs don’t cave, I’LL eat your shorts.

HiJack on November 29, 2012 at 10:36 PM

wolfsDad on November 29, 2012 at 10:35 PM

Both busy with personal stuff… that’s all I know…

Scrumpy on November 29, 2012 at 10:36 PM

dom89031 on November 29, 2012 at 10:32 PM

I didn’t see any bill but heard Coburn and he seemed to get a little emotional… wants to protect the rights of our fighting men and women…

Scrumpy on November 29, 2012 at 10:38 PM

Could HA be more depressing lately?

gophergirl on November 29, 2012 at 10:21 PM

gophergirl:

Well,I didn’t think,Hopey would get in,a second time,but it
appears,that the Liberals have infected,every corner,and hall
of America!

And,after you invest a few years,on a blog,only to have the
2012 Election,bought and frauded by the LEFT,it does make
you a tad negative!

I think,the RightSphere Blogs will come back from this,its
gonna take some more time,me thinks!—:0

canopfor on November 29, 2012 at 10:38 PM

McCain is on now…

Scrumpy on November 29, 2012 at 10:39 PM

Scrumpy on November 29, 2012 at 10:38 PM

They were voting on wether or not a US Citizen could be detained indefinitely without trial.

dom89031 on November 29, 2012 at 10:39 PM

Scrumpy on November 29, 2012 at 10:14 PM

Sounds great. Two humps goes good with Mate Tea.

It gives you the urge to merge.

SparkPlug on November 29, 2012 at 10:39 PM

Welcome ERIKA JOHNSEN to my QOTD Thread.

SparkPlug on November 29, 2012 at 10:41 PM

dom89031 on November 29, 2012 at 10:39 PM

Ok Ty dom… will follow up on that!

Scrumpy on November 29, 2012 at 10:41 PM

If the Republicans don’t cave in, I’ll eat my shorts.

SouthernGent on November 29, 2012 at 10:27 PM

…we’ll all get a fork and help you!

KOOLAID2 on November 29, 2012 at 10:42 PM

SparkPlug on November 29, 2012 at 10:39 PM

Hmmmmmmmmmm I think I could merge with some Mate Tea! ;-)

Scrumpy on November 29, 2012 at 10:42 PM

McCain is on now…

Scrumpy on November 29, 2012 at 10:39 PM

…when isn’t he?

KOOLAID2 on November 29, 2012 at 10:43 PM

You say goodbye, …

KCB on November 29, 2012 at 10:21 PM

And I say hello,…

predator on November 29, 2012 at 10:43 PM

Major Garrett seems a little hysterical, muttering something about the Germans under his breath.

Please..the left/media will always blame the Rs for recessions (the main job of leftists is to find someone to blame for their own system, Castro did it for 50 years, someone Must be Held Accountable)

with a fragile economy, anything can be a shock…Sandy, oil prices..whatever.

Regrettably no one in the media can say the truth. Unbeknownst to almost anyone, the US has the one of the highest annual deficit in the OECD

http://www.gfmag.com/tools/global-database/economic-data/10395-public-deficit-by-country.html#axzz2DfKpcREQ

so any little mistake is leveraged

r keller on November 29, 2012 at 10:43 PM

If the Republicans cave in I’ll eat Kate Upton’s shorts.

SparkPlug on November 29, 2012 at 10:44 PM

Armed Services Commitee talking about Defense progs and Policy on C-SPAN…

Scrumpy on November 29, 2012 at 10:44 PM

And I say hello,…

predator on November 29, 2012 at 10:43 PM

Well…
Hello…hello..
KCB said goodbye and you say hello..

Electrongod on November 29, 2012 at 10:45 PM

Let It Go

Fallon on November 29, 2012 at 10:46 PM

With what topping Sparkly?

Scrumpy on November 29, 2012 at 10:46 PM

What if the democrats gave a Kabuki theater show and no one came?

Hey how has that Jim Dandy posturing worked out before?

You know the President has the media on his side, bought and paid for, talk louder, make it sting and, don’t cry when they call you names.

Speakup on November 29, 2012 at 10:46 PM

Meanwhile Team HopeLessNess has Propaghanized Twitter,
on Fiscal Cliff,to reach the multitudes………

Obama uses Twitter in ‘fiscal cliff’ PR campaign

President Obama’s campaign for his ‘fiscal cliff’ plan includes the Twitter-verse. The White House has set up a new Twitter hashtag: ‘My2K,’ a reference to the extra $2,200 in taxes it says the average…

usatoday.com/story/theoval/…

https://twitter.com/search?q=%23my2k
=====================================

‘#My2K’: White House Spreading ‘Fiscal Cliff’ Message With Hashtag — Here’s How People Are Responding

Posted on November 28, 2012 at 9:23am

http://www.theblaze.com/stories/my2k-white-house-spreading-fiscal-cliff-message-with-hashtag-heres-how-people-are-responding/

canopfor on November 29, 2012 at 10:47 PM

AZfederalist on November 29, 2012 at 10:22 PM

if you’re the other winner of the PowerBall last night AZ…quick!…spend it before Jug Ears takes it all!

KOOLAID2 on November 29, 2012 at 10:47 PM

Oh crap!!!

Is the Obama’s going to want newlyweds to send in their gifts for he King?

Electrongod on November 29, 2012 at 10:48 PM

Coburn is saying that ‘they’ wanna take away the 2nd amendment rights of veterans? WTF is this? He is saying that their rights should not be taken away… he says let the vets take it to court to have a legal say in this right? What about the rest of us?

dom, is this what you are on about?

Scrumpy on November 29, 2012 at 10:50 PM

canopfor on November 29, 2012 at 10:26 PM

Ah….yeeeeaaah…

:)

Electrongod on November 29, 2012 at 10:32 PM

Electrong:

O.M.F.G,I can not believe I typed that,ahem,

that was suppose to come out as,I ‘m busy stripping down the
pomegrante and eating it!

Good Gawd….ICK what I said!

UGH!!

So Sorry:)

canopfor on November 29, 2012 at 10:51 PM

canopfor on November 29, 2012 at 10:51 PM

You are sooooo funny and sweet!!!! Strip it down honey ;-0

Scrumpy on November 29, 2012 at 10:52 PM

that was suppose to come out as,I ‘m busy stripping down the
pomegrante and eating it!

Good Gawd….ICK what I said!

UGH!!

So Sorry:)

canopfor on November 29, 2012 at 10:51 PM

LOL…

Now that is funny right there:)

Seriously…
It’s cold outside when I smoke…
I have to look out for….
Shrinkage

:)

Electrongod on November 29, 2012 at 10:53 PM

I think AP is leaving us. :)

Electrongod on November 29, 2012 at 10:18 PM

Nah, it’s discount night at the Vietnamese mani-pedi spa in SoHo, with free Appletinis.

TXUS on November 29, 2012 at 10:53 PM

Who is stripping?

KCB on November 29, 2012 at 10:54 PM

Electrongod on November 29, 2012 at 10:53 PM

You guys!!! There are Ladies present!! :-D

Scrumpy on November 29, 2012 at 10:54 PM

Good Gawd….ICK what I said!

UGH!!

So Sorry:)

canopfor on November 29, 2012 at 10:51 PM

Nice try, buddy, but the word is out. You’re a porn star. Fess up.

COMING SOON AT YOUR LOCAL ADULT ENTERTAINMENT STORE!

Canopfor stars in “The Pourne Ultimatum.”

predator on November 29, 2012 at 10:55 PM

Are Americans really focused on the “fiscal cliff”? I really don’t see it. Most of the sheep seem to be going on with their lives, totally oblivious to it.

Mark1971 on November 29, 2012 at 10:55 PM

I have to look out for….
Shrinkage

:)

Electrongod on November 29, 2012 at 10:53 PM

One would think that “shrink wrap” would help that. Alas, it merely worsens the situation. :(

predator on November 29, 2012 at 10:57 PM

canopfor on November 29, 2012 at 10:51 PM

LOL…

Now that is funny right there:)

Seriously…
It’s cold outside when I smoke…
I have to look out for….
Shrinkage

:)

Electrongod on November 29, 2012 at 10:53 PM

Electrongod:

Good lord,I was so rattled,I left out(god)to your
handle,er,comment name–:0

canopfor on November 29, 2012 at 10:57 PM

I think AP is leaving us. :)

Electrongod on November 29, 2012 at 10:18 PM

Hmmm.

22044 on November 29, 2012 at 10:58 PM

This is nice and light hearted, we need this!!

Canopfor is the star ;-) of HA!

Scrumpy on November 29, 2012 at 10:58 PM

What’s up Hot Air Nation

22044 on November 29, 2012 at 10:59 PM

Who is stripping?

KCB on November 29, 2012 at 10:54 PM

The Canadian..

If you look North…
You may be able to the the Northern Lights..:)

Electrongod on November 29, 2012 at 10:59 PM

AP leaving? No way, his kittie is poorly… methinks (wish I could use the brit term, ya’all would be ROLFLYAO)!!

Scrumpy on November 29, 2012 at 10:59 PM

The Canadian..

If you look North…
You may be able to the the Northern Lights..:)

Electrongod on November 29, 2012 at 10:59 PM

Hopefully cozmo put on his pants before he left the house.

22044 on November 29, 2012 at 11:00 PM

what’s up 22044?

Scrumpy on November 29, 2012 at 11:00 PM

COMING SOON AT YOUR LOCAL ADULT ENTERTAINMENT STORE!

Canopfor stars in “The Pourne Ultimatum.”

predator on November 29, 2012 at 10:55 PM

predator:

Lol,ya,and with my Canadian Spec.Ops Commando Beavers,haha!:)

canopfor on November 29, 2012 at 11:00 PM

Where is Lanceman?

Scrumpy on November 29, 2012 at 11:01 PM

Hopefully cozmo put on his pants before he left the house.

22044 on November 29, 2012 at 11:00 PM

What are the odds?

KCB on November 29, 2012 at 11:02 PM

canopfor on November 29, 2012 at 11:00 PM

You have Spec Ops Beavers? Oh My!! Building a wood (y) dam eh?

Scrumpy on November 29, 2012 at 11:02 PM

This is nice and light hearted, we need this!!

Canopfor is the star ;-) of HA!

Scrumpy on November 29, 2012 at 10:58 PM

Scrumpy:Too kind,but ya,we do need the humour!:)

canopfor on November 29, 2012 at 11:02 PM

what’s up 22044?

Scrumpy on November 29, 2012 at 11:00 PM

Evening Scrumpy. My curiosity is piqued, re the brit term. :)

22044 on November 29, 2012 at 11:03 PM

canopfor on November 29, 2012 at 11:02 PM

I like the way you spell humoUr the correct way!! ;-)

Scrumpy on November 29, 2012 at 11:03 PM

What are the odds?

KCB on November 29, 2012 at 11:02 PM

Heh – hopefully better than him winning the powerball :)

22044 on November 29, 2012 at 11:03 PM

What are the odds?

KCB on November 29, 2012 at 11:02 PM

Seein’ as its been really nice weather here lately…less than 50%.

cozmo on November 29, 2012 at 11:04 PM

Hi 44.

KCB on November 29, 2012 at 11:04 PM

Heh – hopefully better than him winning the powerball :)

22044 on November 29, 2012 at 11:03 PM

Nope, didn’t buy a ticket.

cozmo on November 29, 2012 at 11:05 PM

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