Quotes of the Day

posted at 10:01 pm on January 3, 2013 by Ed Morrissey

The speaker took the gavel with a nod to his disgruntled members, promising his priority in this new Congress would be to reduce the nation’s rising $16.4 trillion in debt.

The American Dream is in peril so long as its namesake is weighed down by this anchor of debt,” Boehner told the chamber. “Break its hold, and we begin to set our economy free. Jobs will come home. Confidence will come back.”

***

***

Sure, Boehner was moved by the moment. (He is only the 53rd person to hold the job.) But his tears could just have easily reflected his tremendously challenging first two years as speaker and the political perils that await him in the next two.

Boehner’s week epitomized these challenges. He found himself on the outside looking in during the final negotiations — and credit-taking — on the “fiscal cliff” deal. He was pilloried by Northeastern lawmakers, including Republican Reps. Mike Grimm (N.Y.) and Peter King (N.Y.), for refusing to bring up legislation to aid victims of Hurricane Sandy. He narrowly avoided an embarrassing second-ballot vote in his bid for another term as speaker, a fate that had not befallen any speaker since 1923.

Yes, Boehner did win the speakership again. But his power to wrangle his Republican colleagues to support his priorities appears to be at an all-time low, and there is already speculation about when he might decide that enough is enough and step down.

***

It’s hard not to notice the Ron Paul connection to the Boehner resistance: Jones and Amash are two of just three House members who backed Paul’s 2012 presidential campaign.

Thomas Massie of Kentucky, who won a November special election and voted for Amash rather than Boehner, is another Paul acolyte – Paul went so far as to single out Massie and Amash for praise in June when he announced that he was essentially ending his presidential campaign.

***


***

Despite failing to take the speaker’s gavel away from John Boehner, one Republican who rebelled against his party’s leader during Thursday’s election said: “It was important to make a statement.”

“This is a matter of conscience,” Rep. Walter Jones, a North Carolina Republican, said off the House floor on Thursday. “This isn’t a political payback. This is a matter of conscience when you see a country falling apart.

***

People who have watched this whole deal unfold have lost a lot of confidence in Congress in its ability to get anything done in a bipartisan manner. What do you think going forward as we have a new Congress in session now?

“I think that a lot of people have learned a lot of lessons over the last two years. I told Speaker Boehner that him running over to the White House and talking to the president, that’s not the way you’re supposed to legislate. We’re supposed to do the legislation here in the House and Senate, then send it to the President for his signature. Speaker Boehner says he’s not going to do that anymore. He’s not going to go over there. I think that’ll be a good place to start. And I think we need to talk more direct with Congress to Congress, Democrat-Republican, and on the Senate side, and work some things out instead of trying to do everything in such a high noon fashion. We could be a lot more effective if everyone backed down their bluster.”

***

Visit NBCNews.com for breaking news, world news, and news about the economy

***

Boehner then finds himself reelected to the speakership at his own personal low point in the office, a bit of timing that raises a simple yet profound question: Where does he go from here?

We put that very question to a handful of smart Republican strategists — most of whom acknowledged that there is no easy path forward for Boehner now.

“Is he taking a hit right now? Yes,” said Kevin Madden, a former Boehner aide. “But even the members voting ‘no’ on the agreement who also may not publicly support John privately appreciate his effort.” Drawing on Boehner’s time as a high school football player, Madden added: “He’s going to get right back up, get back into the huddle and get his team ready for the next play.”

That next play will almost certainly be the debt ceiling fight, and the stakes are high. ”He had better deliver on spending cuts and entitlement reform come debt ceiling time,” said one senior party strategist granted anonymity to speak candidly.

***

Mr. Obama has also said he will demand equivalent revenue increases for every dollar of spending cuts won by Republicans over the next year. That could be done by further limits on deductions and loopholes for corporations and the rich, including eliminating the carried-interest loophole that lets hedge fund managers declare that their income is a form of capital gains. But it will be a struggle to uphold that pledge, given the maddening nature of his opponents.

In the weeks to come, Republicans will use not just the debt-ceiling threat, but also the $100 billion across-the-board cuts known as the sequester, delayed for two months in this week’s deal, and the potential shutdown of the government when the current spending resolution expires in March. Standing up to brinkmanship will require a level of resolve that the president has yet to fully demonstrate.

***

Despite poll numbers showing the majority of Americans now support gay marriage, House Speaker John Boehner sent a strong message today authorizing the continued use of taxpayer funds to defend a federal law that defines marriage as between one man and one woman.

In February 2011, the Obama administration announced it would no longer defend the law, the Defense of Marriage Act (DOMA) in various court challenges across the country. Boehner subsequently announced that the Bipartisan Legal Advisory Group (BLAG) would take over the defense of the law. BLAG is comprised of five members of the House leadership. The Republican majority tapped superstar lawyer Paul Clement to lead the effort.

Today, House Republicans included DOMA language in the Opening Day Rules package authorizing the continued use of taxpayer funds. …

Michael Steel, a spokesperson for Boehner, said in a statement today: “We continue to believe the constitutionality of the law should be judged by the court, not the president unilaterally–and will provide the resources needed to protect our system of checks and balances.

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Moon Goddess

KCB on January 3, 2013 at 10:01 PM

The GOP will betray you

True_King on January 3, 2013 at 10:01 PM

One-on-One with Obama is off the table..

Less cameras are needed…

Electrongod on January 3, 2013 at 10:06 PM

The GOP will betray you

True_King on January 3, 2013 at 10:01 PM

But not as badly as the TruCons have.

And will.

Solaratov on January 3, 2013 at 10:07 PM

Is AP going to start blogging behind a pay wall..?

d1carter on January 3, 2013 at 10:07 PM

The eighth dwarf – “Weepy” – living up to being a little person among men.

PolAgnostic on January 3, 2013 at 10:09 PM

The GOP will betray you

True_King on January 3, 2013 at 10:01 PM

True_King:

And Democrats will Stab You In The Back!!!

canopfor on January 3, 2013 at 10:10 PM

Where’s AP?

22044 on January 3, 2013 at 10:11 PM

Howdy!

annoyinglittletwerp on January 3, 2013 at 10:11 PM

The GOP Everyone will betray you

22044 on January 3, 2013 at 10:12 PM

Everyday, introduce a bill cutting spending, duplicate programs, fraud, waste, graft, department’s budgets, bureaucracies, and send them to the Senate…

… Every single day, and pound home to the American people that the Democrats are lying to you, and we can not continue to borrow Billions of dollar a day just to spend it.

Remind everyone that Harry Reid has not passed a budget in the Senate for over three years, as required by Law…

… Don’t compromise, just keep passing spending cuts, and keep sending them to the Senate and the Preezy.

And if Reid and Preezy won’t sign the bills, then shut it down…

Seven Percent Solution on January 3, 2013 at 10:12 PM

Someone explain the Obysmal logic of demanding more revenue if there are spending cuts. Does the yoyo understand basic math?

onlineanalyst on January 3, 2013 at 10:12 PM

Soooooooooooo Help Us God!

House Speaker Boehner: ‘American Dream is in peril .. by this anchor of debt.’ Complete remarks – @SpeakerBoehner

4 hours ago from http://www.speaker.gov by editor
==============================================

FULL TEXT: Speaker Boehner Addresses the Opening Session of the 113th Congress
Jan 3 2013

WASHINGTON, DC – Following is the full text of House Speaker John Boehner’s (R-OH) address to the opening session of the 113th Congress:

Leader Pelosi, members of the House and Senate, dear family and friends, fellow countrymen:

We meet again at democracy’s great port of call. Every two years, at this hour, the Constitution brings a new order to this House. It is an interlude for reflection, a glimpse of old truths.

To our new members and their families, welcome. You are likely feeling awestruck right about now. History runs through here. And now you are among a select few to share in this privilege.

For those who are returning, who have walked these aisles before, maybe it’s time we feel awestruck again.

The way our founders envisioned it, the republic would be led by citizens who recognize that the blessing of governing ourselves requires that we give something of ourselves. Everything depended on this. So they made each other – and their successors – swear an oath of allegiance.

In a few moments, I will take this oath for the twelfth time as representative of the Eighth District of Ohio. It is word for word the same oath we all take.

Note that it makes no mention of party, faction, or title … contains no reference to agendas or platforms – only to the Constitution

The one addition we dare to make, as George Washington did at the first inaugural, is to invoke the assistance of our Heavenly Father.

This covenant makes us servants of posterity. It calls us to refuse the pull of passing interests and follow the fixed star of a more perfect union.

Put simply, we are sent here not to be something, but to do something – to do the right thing.

It’s a big job, and it comes with big challenges.

Our government has built up too much debt. Our economy is not producing enough jobs. These are not separate problems.

At $16 trillion and rising, our national debt is draining free enterprise and weakening the ship of state.

The American Dream is in peril so long as its namesake is weighed down by this anchor of debt. Break its hold, and we begin to set our economy free. Jobs will come home. Confidence will come back.

We do this not just to boost GDP or reduce unemployment, but to secure for our children a future of freedom and opportunity. Nothing is more important.

As Washington wrote in his farewell address, we should not “throw upon posterity the burden which we ourselves ought to bear.”

Well, the burden is ours and so is the opportunity.

There is no substitute for the wisdom of the people. We are their servants. As Speaker, I pledge to listen and do all I can to help you carry out the oath you are about to take.

Because in our hearts, we know it is wrong to pass on this debt to our kids and grandkids. Now we have to be willing – truly willing – to make this right.

Public service was never meant to be an easy living. Extraordinary challenges demand extraordinary leadership.

So if you have come here to see your name in lights or to pass off political victory as accomplishment, you have come to the wrong place. The door is behind you.

If you have come here humbled by the opportunity to serve; if you have come here to be the determined voice of the people; if you have come here to carry the standard of leadership demanded not just by our constituents but by the times, then you have come to the right place.

There is a time to every purpose under Heaven. For the 113th Congress, it is a time to rise. When the day is over, and the verdict is read, may it be said that we well and faithfully did our duty to ensure freedom will endure and prevail.

So help us God.

http://www.speaker.gov/video/full-text-speaker-boehner-addresses-opening-session-113th-congress

canopfor on January 3, 2013 at 7:27 PM

canopfor on January 3, 2013 at 10:13 PM

Congratulations…Sen. Ted Cruz!

annoyinglittletwerp on January 3, 2013 at 10:14 PM

Where’s AP?

22044 on January 3, 2013 at 10:11 PM

He is trying to save his cat..

From jumping off the fiscal cliff…

The negotiations continue…

Electrongod on January 3, 2013 at 10:14 PM

Electrongod on January 3, 2013 at 10:14 PM

His cat is smart, that one. :)

22044 on January 3, 2013 at 10:15 PM

Boehner et al. have forgotten a basic tenet. You deal with the devil and you will burn forever in his fires. And, yes, even clowns can burn.

TXUS on January 3, 2013 at 10:17 PM

note to self: spray-on tanning and crying like Glenn Beck are apparently great secrets to success.

Jeddite on January 3, 2013 at 10:17 PM

Free Four

Bmore on January 3, 2013 at 10:19 PM

John Boehner — you have neither the intelligence, will, courage or cunning to represent us in the causes of fiscal responsibility, freedom or the fight against the Left. Those of us who believe in these causes have lost ground under your speakership, and will lose more until you are gone. So I drink to your defeat and to the defeat of every last stinking RINO in your GOP herd.

rrpjr on January 3, 2013 at 10:19 PM

His cat is smart, that one. :)

22044 on January 3, 2013 at 10:15 PM

His cat is smart..

I am sure or it..

But…..

Electrongod on January 3, 2013 at 10:20 PM

We are up to 19 comments now..

We truly have lost the America..

or at least this thread….

Electrongod on January 3, 2013 at 10:22 PM

Wait for it. Childhoods End.

Bmore on January 3, 2013 at 10:23 PM

People are not pleased about the payroll tax deduction ending.

It’s kind of funny/depressing to see how many people had no clue this was coming.

gophergirl on January 3, 2013 at 10:24 PM

Electrongod on January 3, 2013 at 10:20 PM

JUMP!
JUMP!
JUMP!

Tim_CA on January 3, 2013 at 10:25 PM

People are not pleased about the payroll tax deduction ending.

It’s kind of funny/depressing to see how many people had no clue this was coming.

gophergirl on January 3, 2013 at 10:24 PM

Indeed, when I have regrets that I’m a politics junkie, occasionally it leads to knowing something useful, like the end of the FICA reduction.

22044 on January 3, 2013 at 10:27 PM

Spendy Cutys!

Higher taxes, more spending is not a compromise
By Rep. David B. McKinley (R-W.Va.)
- 01/03/13 11:30 AM ET
**********************

Let’s have a splash of reality: America is facing another $1.2 trillion dollar deficit for this year as it has for the past four years. This solution adopted by Congress not only does not reduce this year’s deficit, but it adds to it. According to the official estimate by the Congressional Budget Office, the Senate deal includes more than $330 billion in new deficit spending over the next decade.

Additionally, the bill calls for $620 billion in increased tax revenues over ten years but incredibly includes only $15 billion in spending reductions. That equates to a ratio of $1 in spending cuts to $41 in increased tax revenue, even though the president promised $2.50 in spending cuts for every $1 in new revenue during his campaign. The highly touted Simpson-Bowles Commission recommended a 3:1 ratio.

It should be self-evident that the $60 billion in new revenue annually is woefully insufficient to pay down the deficit. Where will we find the remaining $1.14 trillion to eliminate the deficit? We have a spending problem in Washington, not a taxing problem.

I had been willing to support a compromise that included additional, but limited, tax revenue if the plan also had included significant spending reductions and common-sense entitlement reforms. However the bill lacked that balance.

These concerns were not limited to conservatives. Senator Michael Bennet (D-Colo.) also opposed the plan on these same grounds, saying, “We want a plan that materially reduces the deficit. This proposal does not meet that standard and does not put in place a real process to reduce the debt down the road.”

In a similar statement, Chairman of the Federal Reserve Ben Bernanke called the current levels of spending “unsustainable,” and cautioned that “fiscal policy must be placed on a sustainable path that eventually results in a stable or declining ratio of federal debt to GDP.”
This plan does nothing to put us on that sustainable path.

Americans once again are being promised spending cuts in the future in exchange for immediate increases in taxes. We’ve seen this movie before – the spending cuts unfortunately never happen.
This has played out twice with similar results:

· In 1982, Congress promised President Reagan $3 in spending cuts for every $1 in tax hikes but the spending cuts never happened.

· In 1990, President George H.W. Bush reluctantly agreed to $2 in spending cuts for every $1 in tax increases but none of those cuts occurred either.

The frustration of this process takes its toll. The final bill was presented in the Senate in the early morning hours and hastily cobbled together. Senators had only minutes to review the legislation before voting on it. According to one Senate aide, their office was emailed a copy of the legislation at 1:36 a.m. and the vote began nine minutes later at 1:45 a.m. The Senate obviously was not given sufficient time to read the bill that was over 150 pages long.

For the Senate to agree to legislation in the wee hours of the morning without a thorough review is not how the process should work. It reminds me of the quote from Nancy Pelosi during the debate over ObamaCare when she said, “we have to pass the bill to find out what’s in it.”

With more time to review the bill, we found that not only does it increase taxes with almost no spending cuts, but it also includes other questionable provisions such as:

· $12.1 billion in tax breaks for wind energy;
· $222 million in loopholes for Puerto Rican rum producers;
· $248 million in incentives for Hollywood studios; and
· $62 million in tax breaks for American Samoa businesses.

America can’t afford this.

(More…)
=========

http://thehill.com/blogs/congress-blog/economy-a-budget/275387-higher-taxes-more-spending-is-not-a-compromise

canopfor on January 3, 2013 at 10:27 PM

Tim_CA on January 3, 2013 at 10:25 PM

*meow*

22044 on January 3, 2013 at 10:27 PM

Tim_CA on January 3, 2013 at 10:25 PM

Good advice.,..

Electrongod on January 3, 2013 at 10:28 PM

*taps mic*. Is this thing on?

annoyinglittletwerp on January 3, 2013 at 10:29 PM

Hard to see how he goes from blubbering to fist pounding.

Too bad he’s not a mean drunk.

wolly4321 on January 3, 2013 at 10:29 PM

Results for fiscalcliff

https://twitter.com/search?q=fiscalcliff

canopfor on January 3, 2013 at 10:30 PM

Michael Steel, a spokesperson for Boehner, said in a statement today: “We continue to believe the constitutionality of the law should be judged by the court, not the president unilaterally–and will provide the resources needed to protect our system of checks and balances.”

Hey Steel, here is how the SCOTUS will decide wrt DOMA :
DOMA is not a tax, so it it neither legal nor constitutional .

burrata on January 3, 2013 at 10:30 PM

Indeed, when I have regrets that I’m a politics junkie, occasionally it leads to knowing something useful, like the end of the FICA reduction.

22044 on January 3, 2013 at 10:27 PM

My good friend came running over to my cube today going “Have you seen your check”.

Bless her heart – she had no clue.

gophergirl on January 3, 2013 at 10:30 PM

Best behavior. Best behavior. Best behavior.

Axe on January 3, 2013 at 10:30 PM

He narrowly avoided an embarrassing second-ballot vote in his bid for another term as speaker, a fate that had not befallen any speaker since 1923.

…well…it was time to make history again!…but Republican’ts are all anatomically correct… Ken Dolls.

KOOLAID2 on January 3, 2013 at 10:31 PM

*taps mic*. Is this thing on?

annoyinglittletwerp on January 3, 2013 at 10:29 PM

THWACK!

Axe on January 3, 2013 at 10:32 PM

Posted on Rick Perry’s Twitter Feed

“Perhaps because we know we control our own destiny, we believe deep down inside that working together we can make each new year better than the old. … Let us renew our faith that as free men and women we still have the power to better our lives, and let us resolve to face the challenges of the new year holding that conviction firmly in our hearts.”
- Ronald Reagan, Radio Address to the Nation on New Year’s Day, 1983

Love this!

gophergirl on January 3, 2013 at 10:33 PM

Hi all .. I am sadden .. to watch this great country that I spend 20+ years of my
life defending … and buried a number of my friends in the process
and to watch this moron who holds the most powerful post in the gov’t the ability to control the spending of the federal gov’t being led by this dofus
I am dismayed …. we lose everytime boner is in charge … we learn NOTHING ..
I do not believe a 3rd party can gain enough following in time to save the
country …. we are doomed …

conservative tarheel on January 3, 2013 at 10:34 PM

Up Next………..

Results for #debtceiling
************************
https://twitter.com/search/%23debtceiling

canopfor on January 3, 2013 at 10:35 PM

My good friend came running over to my cube today going “Have you seen your check”.

Bless her heart – she had no clue.

gophergirl on January 3, 2013 at 10:30 PM

Our HR sent out an email sometime over the last few days, but I have a hunch most people won’t read it and will be surprised as well.

22044 on January 3, 2013 at 10:35 PM

Bless her heart – she had no clue.

gophergirl on January 3, 2013 at 10:30 PM

is she an obama supporter ? if so she deserves this …

conservative tarheel on January 3, 2013 at 10:35 PM

The GOP will betray you

True_King on January 3, 2013 at 10:01 PM

Is this some form of coping mechanism? How many times does one say that for it so sink in?

Can.I.be.in.the.middle on January 3, 2013 at 10:35 PM

People are not pleased about the payroll tax deduction ending.

gophergirl on January 3, 2013 at 10:24 PM

That bad?

Do you or anyone know what the capital gains tax went up to?

JPeterman on January 3, 2013 at 10:35 PM

Mr. Obama has also said he will demand equivalent revenue increases for every dollar of spending cuts won by Republicans over the next year.

^ He’s stupid. I mean it literally, not as a personal attack. I’m now convinced he’s stupid.

Stipulating here other people think it’s deliberate.

Axe on January 3, 2013 at 10:36 PM

Our HR sent out an email sometime over the last few days, but I have a hunch most people won’t read it and will be surprised as well.

22044 on January 3, 2013 at 10:35 PM

Our HR sent one out today – called them the Bush tax cuts. Made me smile.

gophergirl on January 3, 2013 at 10:37 PM

*taps mic*. Is this thing on?

annoyinglittletwerp on January 3, 2013 at 10:29 PM

annoyinglittletwerp:)

****** MIKE CHECK………..******MIKE CHECK……**********(sarc):)

canopfor on January 3, 2013 at 10:37 PM

Everyday, introduce a bill cutting spending, duplicate programs, fraud, waste, graft, department’s budgets, bureaucracies, and send them to the Senate…
… Every single day, and pound home to the American people that the Democrats are lying to you, and we can not continue to borrow Billions of dollar a day just to spend it.
Remind everyone that Harry Reid has not passed a budget in the Senate for over three years, as required by Law…
… Don’t compromise, just keep passing spending cuts, and keep sending them to the Senate and the Preezy.
And if Reid and Preezy won’t sign the bills, then shut it down…
Seven Percent Solution on January 3, 2013 at 10:12 PM

Look guys, this stuff is just NOT GONNA HAPPEN. Sarah Palin or Allen West we NEVER, not in a million years gonna be made speaker of the house. The house Republicans will put up a fight but even they’re not gonna take a match the the country, the economy, and most importantly to them of all of course, their political careers. They’re not gonna start bashing their shoes on the podium. They’re not gonna “let it burn”. They’re not gonna stand the good nationalist ground on immigration. They’re not gonna just essentially pass a single bill or two that basically says, “Go f*ck yourselves Democrats”, and adjourn the house to go back home to push the message.

They will fight and try to check and balance the government.

But.they.are.not.gonna.hold.your.line.

How long must you torture yourselves? This isn’t the world that AM advertising salesmen tell you it is. They tell you what it takes for you to be tuned in FOR THE ADS. America is not going to suddenly turn Michael Savage. The Republicans are not gonna go Mark Levin.

I understand it’s what you guys want, True Conservatives(TM). But it’s not gonna happen. The Republican party only uses you. Those guys on the radio? They only use you. But they’ve created a monster in that the day you guys all realize it, you’re gonna flip your lids.

It’s.not.gonna.happen.

Mark.my.words.

And there’s NOTHING you can do about it. There’s not enough of you. So why don’t you come back down to the real world, because you’re a big part of the problem too.

Genuine on January 3, 2013 at 10:37 PM

THWACK!

Axe on January 3, 2013 at 10:32 PM

I don’t need you, cuz now I have a SMART PHONE!

annoyinglittletwerp on January 3, 2013 at 10:38 PM

is she an obama supporter ? if so she deserves this …

conservative tarheel on January 3, 2013 at 10:35 PM

She’s definitely a low-information voter but I am 99.9% sure she voted Romney.

gophergirl on January 3, 2013 at 10:38 PM

Our HR sent one out today – called them the Bush tax cuts. Made me smile.

gophergirl on January 3, 2013 at 10:37 PM

Ha! I think ours was just a copy/paste of the standard ADP template!

22044 on January 3, 2013 at 10:39 PM

My good friend came running over to my cube today going “Have you seen your check”.

Bless her heart – she had no clue.

gophergirl on January 3, 2013 at 10:30 PM

“Thank Obama” is all I’d have said.

Schadenfreude on January 3, 2013 at 10:39 PM

*** Alert **********

New York Mayor Michael Bloomberg to update on shootings of 3 police officers around 10:30 pm ET – @NYCMayorsOffice

22 mins ago from twitter.com/NYCMayorsOffice by editor
==========================================================

https://twitter.com/NYCMayorsOffice/status/287034291613995008

https://twitter.com/NYCMayorsOffice

canopfor on January 3, 2013 at 10:39 PM

She’s definitely a low-information voter but I am 99.9% sure she voted Romney.

gophergirl on January 3, 2013 at 10:38 PM

No matter, I’s still just say “Thank Obama”, with all in earshot to hear…

Schadenfreude on January 3, 2013 at 10:40 PM

Genuine on January 3, 2013 at 10:37 PM

Cool….Anything else you want to say on how I should think?

Bmore on January 3, 2013 at 10:40 PM

I don’t need you, cuz now I have a SMART PHONE!

annoyinglittletwerp on January 3, 2013 at 10:38 PM

*sniff*

Gonna need a genius phone, baby. :)

Axe on January 3, 2013 at 10:40 PM

JPeterman on January 3, 2013 at 10:35 PM

Spawn is paying for his college education by selling stocks that his great grandmother gave him. Many of those stocks were bought in honor of my birth. I was born in ’70.
He’s keeping ALL of his school-related receipts. Hope he doesn’t get screwed on taxes.

annoyinglittletwerp on January 3, 2013 at 10:41 PM

That bad?

Do you or anyone know what the capital gains tax went up to?

JPeterman on January 3, 2013 at 10:35 PM

Yep – especially when you don’t know it’s coming.

I know taxes on bonuses went up to 28% but not sure about capital gains.

gophergirl on January 3, 2013 at 10:41 PM

So why don’t you come back down to the real world, because you’re a big part of the problem too.

Genuine on January 3, 2013 at 10:37 PM

How do we come back down to the real world?

Axe on January 3, 2013 at 10:42 PM

“Thank Obama” is all I’d have said.

Schadenfreude on January 3, 2013 at 10:39 PM

That’s what I told her – welcome to the 2nd term of Obama. Also prepped her for insurance going up. She wasn’t thrilled about that either.

gophergirl on January 3, 2013 at 10:42 PM

Genuine on January 3, 2013 at 10:37 PM

you might notice that 2010 and the change that was brought to the House of Reps. tell us again how we can not change anything ….

conservative tarheel on January 3, 2013 at 10:42 PM

Genuine on January 3, 2013 at 10:37 PM

lol…must be a full moon.

Tim_CA on January 3, 2013 at 10:45 PM

That’s what I told her – welcome to the 2nd term of Obama. Also prepped her for insurance going up. She wasn’t thrilled about that either.

gophergirl on January 3, 2013 at 10:42 PM

All our insurance went up as well. A bit more if you covered your spouse &/or family.

22044 on January 3, 2013 at 10:45 PM

She’s definitely a low-information voter but I am 99.9% sure she voted Romney.

gophergirl on January 3, 2013 at 10:38 PM

tell her elections have consequences

conservative tarheel on January 3, 2013 at 10:45 PM

New tax law packed with breaks for businesses
By STEPHEN OHLEMACHER
— Jan. 3 6:35 PM EST
*********************

Among the provisions in the new law are:

—A tax credit for research and development, benefiting a wide range of industries, including manufacturers, pharmaceutical companies and high tech companies. Cost: $14.3 billion.

—An exemption that allows banks, insurance companies and other financial firms to shield foreign profits from being taxed by the U.S. The tax break is important to major multinational banks and financial firms. Cost: $11.2 billion.

—A tax break that allows profitable companies to write off large capital expenditures immediately — rather than over time — giving some companies huge tax shelters. The tax break, known as bonus depreciation, benefits automakers, utilities and heavy equipment makers. Cost: $5 billion.

—A tax credit for the production of wind, solar and other renewable energy. Cost: $12.2 billion.

— A provision that allows restaurants and retail stores to more quickly write off the cost of improvements. Cost: $3.7 billion.

—Increased tax rebates to Puerto Rico and the Virgin Islands from a tax on rum imported into the United States. The U.S. imposes a $13.50 per proof-gallon tax on imported rum, and sends most of the proceeds to the two U.S. territories. Cost: $222 million.

—A 50 percent tax credit for expenses related to railroad track maintenance through 2013. Cost $331 million.

—A provision that allows motorsport race tracks to more quickly write off improvement costs. Cost: $78 million.

—Enhanced deductions for companies that donate food to the needy, books to public schools or computers to public libraries. Cost: $314 million.

—A tax break that allows TV and movie productions to more quickly write off expenses. Sexually explicit productions are ineligible. Cost: $248 million.

— A tax credit of up to $2,500 for buying electric-powered vehicles was expanded to include electric-powered motorcycles. Golf carts, however, were excluded. Cost: $7 million. Sen. Ron Wyden, D-Ore., took credit for this tax break, saying it would help Oregon-based Brammo, which manufactures electric motorcycles.

“The electric motorcycle industry is poised to create tens of thousands of U.S. jobs over the next five years, led by companies like Oregon’s Brammo,” Wyden said. “This amendment helps promote the development of a promising U.S. industry and support the transition to a low-carbon American economy.”
(More…)
===========

http://bigstory.ap.org/article/new-tax-law-packed-breaks-businesses

canopfor on January 3, 2013 at 10:45 PM

He’s keeping ALL of his school-related receipts. Hope he doesn’t get screwed on taxes.

annoyinglittletwerp on January 3, 2013 at 10:41 PM

Looks like everyone is getting screwed.

JPeterman on January 3, 2013 at 10:46 PM

Tim_CA on January 3, 2013 at 10:45 PM

notice he doesn’t say what he is genuine of …. genuine troll perhaps …
genuine BS … genuine Dem …. the list is endless …

conservative tarheel on January 3, 2013 at 10:47 PM

I predict that in the future the universe will be described by one single equation that no one will understand; except perhaps me.

SparkPlug on January 3, 2013 at 10:49 PM

Let all know about this.

Schadenfreude on January 3, 2013 at 10:49 PM

I know taxes on bonuses went up to 28% but not sure about capital gains.

gophergirl on January 3, 2013 at 10:41 PM

***face palm***

A good part of my pay comes via bonuses/royalties.

JPeterman on January 3, 2013 at 10:49 PM

JPeterman on January 3, 2013 at 10:46 PM

If there are taxes..we can’t help him. His dad can’t help either. The guy turns 19 in a few months. This is NOT the America I wished for him.

annoyinglittletwerp on January 3, 2013 at 10:49 PM

“Thank Obama” is all I’d have said.

Schadenfreude on January 3, 2013 at 10:39 PM

Schaddenfreude:With a Boinking Wink:)

Btw,the original Hawaii Bill was 4 million,I guess
going back and forth,added another 3 Million!
=============================================

The wink that says Aloha! Obama jets back to Hawaii after fiscal cliff deal… ringing up a $7M airfare tab for taxpayers

By Daily Mail Reporter

PUBLISHED: 23:16 GMT, 2 January 2013 | UPDATED: 23:20 GMT, 2 January 2013
**************

http://www.dailymail.co.uk/news/article-2256321/Fiscal-cliff-deal-Obamas-return-Hawaii-vacation-costs-taxpayers-7M.html

canopfor on January 3, 2013 at 10:50 PM

Do you or anyone know what the capital gains tax went up to?

JPeterman on January 3, 2013 at 10:35 PM

Top rate of 20%, plus the 3.8% PlaceboCare surtax.

Steve Eggleston on January 3, 2013 at 10:50 PM

How do we come back down to the real world?

Axe on January 3, 2013 at 10:42 PM

Did you take the blue pill? I told you not to take the blue pill.

SparkPlug on January 3, 2013 at 10:50 PM

I am so glad tomorrow is Friday.

gophergirl on January 3, 2013 at 10:51 PM

***face palm***

A good part of my pay comes via bonuses/royalties.

JPeterman on January 3, 2013 at 10:49 PM

I thought bonuses were taxed like other earned income…? At least that’s generally the case?

22044 on January 3, 2013 at 10:51 PM

conservative tarheel on January 3, 2013 at 10:47 PM

nothing sadder than a butt-hurt troll, pleading for attention.

you’d think he’d be happy that his Messiah won…and go relax or play with his “friends” …yet he stays here…bitter and confused…trying to pick fights.

Tim_CA on January 3, 2013 at 10:52 PM

Do you or anyone know what the capital gains tax went up to?

JPeterman on January 3, 2013 at 10:35 PM

Of course, short-term capital gains (on assets held less than a year) continue to be taxed at the top regular rate (again, plus the 3.8% PlaceboCare surtax if you make over $200K or you and your spouse make over $250K).

Steve Eggleston on January 3, 2013 at 10:52 PM

And there’s NOTHING you can do about it. There’s not enough of you. So why don’t you come back down to the real world, because you’re a big part of the problem too.

Genuine on January 3, 2013 at 10:37 PM

I’ll only starve your Looters and plankton like you. You are the scum of the Earth. We are not the problem. We don’t live like lice and fleas.

Schadenfreude on January 3, 2013 at 10:52 PM

OH SH*T!!!!

Ex-FEMA official to plead guilty to steering contracts to Gallup during job hunt, lawyer says – @NBCNews

8 mins ago from openchannel.nbcnews.com by editor
=====================================================

Ex-FEMA official to plead guilty to steering contracts to Gallup during job hunt
By Michael Isikoff
50 min ago
**********

A former top official of the Federal Emergency Management Agency will plead guilty to a felony conflict of interest charge for helping arrange millions of dollars in contracts to the Gallup Organization at the same time he was negotiating a $175,000 job with the polling firm.

A nine-page “criminal information” document filed by federal prosecutors in Washington, D.C., this week charges that Timothy Cannon, 64, who served as the director of FEMA’s “human capital division” between 2007 and 2009, “knowingly and willfully” participated in the award of contracts to Gallup while he was arranging to accept employment with the firm.
(More….)
===========

http://openchannel.nbcnews.com/_news/2013/01/03/16333287-ex-fema-official-to-plead-guilty-to-steering-contracts-to-gallup-during-job-hunt?lite

canopfor on January 3, 2013 at 10:53 PM

I thought bonuses were taxed like other earned income…? At least that’s generally the case?

22044 on January 3, 2013 at 10:51 PM

I don’t know my company sent out a list saying extra income like bonuses went from 25 to 28% if they are under 1 million.

I don’t get bonuses so I only glanced at it. I may be wrong.

gophergirl on January 3, 2013 at 10:53 PM

you’d think he’d be happy that his Messiah won…and go relax or play with his “friends” …yet he stays here…bitter and confused…trying to pick fights.

Tim_CA on January 3, 2013 at 10:52 PM

Lieberals are never satisfied – that’s why they took over America despite owning Europe, Canada and Japan.

Steve Eggleston on January 3, 2013 at 10:53 PM

I am so glad tomorrow is Friday.

gophergirl on January 3, 2013 at 10:51 PM

Tomorrow is Tuesday-Wednesday…for me.

annoyinglittletwerp on January 3, 2013 at 10:55 PM

Tim_CA on January 3, 2013 at 10:52 PM

notice how he threw his little stink bomb and left?
typical lib …

trollcott ….

conservative tarheel on January 3, 2013 at 10:55 PM

A nine-page “criminal information” document filed by federal prosecutors in Washington, D.C., this week charges that Timothy Cannon, 64, who served as the director of FEMA’s “human capital division” between 2007 and 2009, “knowingly and willfully” participated in the award of contracts to Gallup while he was arranging to accept employment with the firm.

canopfor on January 3, 2013 at 10:53 PM

You know what that means, don’t you?

It’s BOOOOOOOOOOOOOOOOOOOOOOOOOOOSH’S fault!

Resist We Much on January 3, 2013 at 10:55 PM

Time for Boehner to play hardball and set the tone for the 113th:

Propose a budget based on pre-2009 outlays with average annual increases (i.e. remove that extra $600 billion/annually that has been in the phantom budget)

Bundle up and pass all the 112th congress bills that never made out of Harry Reid’s pocket, entitled: “The Restoration to Sanity Bills that Harry Reid refused to bring to votes all for political pandering” H.R. 001F.U.

Announce that there will be no votes on any continuing resolutions until Harry Reid and the senate produce a budget.

Force a constitutional crisis, timed with debt ceiling expiry.

Call out Harry Reid, every single day, every single interview.

can_con on January 3, 2013 at 10:57 PM

From the Toomey thread

Strongly agree with Toomey. There’s a year and a half before the next election. Tax increases should be already off the table unless the Democrats want to go into a midterm election having raised taxes on everyone. Or, give them an opening bid in line with the fiscal cliff bill: $41 in cuts for every $1 of revenue.
Mohonri on January 3, 2013 at 3:48 PM

Schadenfreude on January 3, 2013 at 10:57 PM

I don’t know my company sent out a list saying extra income like bonuses went from 25 to 28% if they are under 1 million.

I don’t get bonuses so I only glanced at it. I may be wrong.

gophergirl on January 3, 2013 at 10:53 PM

I see.
In general, it’s probably worth the effort to try to time your withholdings to match your final tax bill as closely as possible.

22044 on January 3, 2013 at 10:57 PM

“Thank Obama” is all I’d have said.

Schadenfreude on January 3, 2013 at 10:39 PM

Pic of the Day: Thanks, Obama.

M2RB: Twisted Sister

Resist We Much on January 3, 2013 at 10:57 PM

plead guilty to a felony conflict of interest charge for helping arrange millions of dollars in contracts to the Gallup Organization at the same time he was negotiating a $175,000 job with the polling firm.

canopfor on January 3, 2013 at 10:53 PM

lol…fraud at FEMA?

Where dollars fly out the door on a politicians hand wave?

no way.

Tim_CA on January 3, 2013 at 10:58 PM

Of course, short-term capital gains (on assets held less than a year) continue to be taxed at the top regular rate (again, plus the 3.8% PlaceboCare surtax if you make over $200K or you and your spouse make over $250K).

Steve Eggleston on January 3, 2013 at 10:52 PM

No spouse and I had a pretty good year. Screwed and not even kissed for my efforts.

JPeterman on January 3, 2013 at 10:58 PM

well guys and gals … as much as I would like to stay and chat a little
I am too depressed .. weepy bonehead is still the speaker so he can cave
everytime the vacationer-in-chief calls … and he will still sell us out …
and the republic fails …..

conservative tarheel on January 3, 2013 at 10:58 PM

I’m going to bed too. Long day tomorrow. Depressing that it’s a Friday too, but at least the weekend follows.
Have a good night!

22044 on January 3, 2013 at 11:00 PM

can_con on January 3, 2013 at 10:57 PM

that would require Boner to have stones or a spine .. so far he has shown he has neither …

conservative tarheel on January 3, 2013 at 11:01 PM

Did you take the blue pill? I told you not to take the blue pill.

SparkPlug on January 3, 2013 at 10:50 PM

I really wanted an answer. :( I was trying to understand what Genuine thought we should do. I read through all the other stuff and got to the real world thing, but . . . even if I were completely convinced by the plead, there’s nothing to actually do about it.

I took the red one and the blue one. :) Now all the spoons have stopped moving, but everyone looks like scrolling numbers.

Follow the white rabbit.

Axe on January 3, 2013 at 11:01 PM

I thought bonuses were taxed like other earned income…? At least that’s generally the case?

22044 on January 3, 2013 at 10:51 PM

I work freelance/independent contractor. I guess this is why God invented accountants or something.

JPeterman on January 3, 2013 at 11:01 PM

I’m going to bed too. Long day tomorrow. Depressing that it’s a Friday too, but at least the weekend follows.
Have a good night!

22044 on January 3, 2013 at 11:00 PM

Me too – long day awaits tomorrow as well.

Good night all

gophergirl on January 3, 2013 at 11:01 PM

conservative tarheel on January 3, 2013 at 10:47 PM

Genuine Obama sh*t-consumer, confusing it for Beluga caviar.

Schadenfreude on January 3, 2013 at 11:02 PM

No spouse and I had a pretty good year. Screwed and not even kissed for my efforts.

JPeterman on January 3, 2013 at 10:58 PM

*sip*

You know, there’s a terrible feminist poem about that.

Axe on January 3, 2013 at 11:02 PM

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