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Fri Feb 1, 2013, 07:31 PM

NOW can we say that Obama got the better deal in the fiscal cliff deal?

I think we can.

The debt ceiling threats withered away. Earned benefits like SS, Medicare and Medicaid were protected, and for the first time in 20 years, income taxes on the rich were raised. That is indeed a very big deal. OK, I would have preferred a threshold of $250,000, and not $450,000, but it is clear here who got the better deal.

This time anyway, the 14 dimensional chess worked.

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Reply NOW can we say that Obama got the better deal in the fiscal cliff deal? (Original post)
bluestateguy Feb 2013 OP
Tarheel_Dem Feb 2013 #1
freshwest Feb 2013 #7
sheshe2 Feb 2013 #13
freshwest Feb 2013 #22
sheshe2 Feb 2013 #23
Lady Freedom Returns Feb 2013 #18
Tarheel_Dem Feb 2013 #20
Squinch Feb 2013 #2
mopinko Feb 2013 #3
freshwest Feb 2013 #5
Pholus Feb 2013 #4
JaneyVee Feb 2013 #6
Benton D Struckcheon Feb 2013 #8
JaneyVee Feb 2013 #9
MannyGoldstein Feb 2013 #10
woo me with science Feb 2013 #14
xtraxritical Feb 2013 #17
Demo_Chris Feb 2013 #11
woo me with science Feb 2013 #15
Demo_Chris Feb 2013 #19
MrSlayer Feb 2013 #21
Chathamization Feb 2013 #12
forestpath Feb 2013 #16

Response to bluestateguy (Original post)

Fri Feb 1, 2013, 07:33 PM

1. YES WE CAN!!!!

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Response to Tarheel_Dem (Reply #1)

Fri Feb 1, 2013, 08:44 PM

7. For this realization:



When I'm worried:



BEST PRESIDENT in my LIFETIME.

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Response to freshwest (Reply #7)

Fri Feb 1, 2013, 10:41 PM

13. When I am worried:

All you Ladies Chill out...
I Got This!

He does. He truly does.

Thanks, freshwest.

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Response to sheshe2 (Reply #13)

Sat Feb 2, 2013, 02:51 AM

22. You do know, don't you, that he has a weekly podcast, like FDR's chats:



http://www.whitehouse.gov/podcast

I subscribed to it by selecting iTunes as the application and it automatically loads them into my podcast library. It's full of the things he needs us to keep active on.

http://www.whitehouse.gov/podcast/audio/weekly-addresses/rss.xml

You can also download those one at a time from that page in MP3 files. He can't get media coverage on mainstream stations, but there it is for us to find out. He's working very hard on our nation's needs everyday.


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Response to freshwest (Reply #22)

Sat Feb 2, 2013, 10:51 AM

23. Thank You, freshwest!

Good Plan.

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Response to freshwest (Reply #7)

Sat Feb 2, 2013, 12:45 AM

18. I like the "I got this" pic.

Something about a confident man...

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Response to freshwest (Reply #7)

Sat Feb 2, 2013, 02:24 AM

20. Love the quotes & the images. Thank You.

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Response to bluestateguy (Original post)

Fri Feb 1, 2013, 07:46 PM

2. Yep!

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Response to bluestateguy (Original post)

Fri Feb 1, 2013, 07:55 PM

3. we need a like button god damn it.

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Response to mopinko (Reply #3)

Fri Feb 1, 2013, 08:39 PM

5. +1

See, there it is...

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Response to bluestateguy (Original post)

Fri Feb 1, 2013, 08:20 PM

4. Alright, you got me!



It sure didn't seem that way for a LONG, depressing time though.

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Response to bluestateguy (Original post)

Fri Feb 1, 2013, 08:42 PM

6. +1 Although I would have preferred threshold at $150K but protecting safety nets far more important.

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Response to JaneyVee (Reply #6)

Fri Feb 1, 2013, 09:34 PM

8. 150k is, actually...

...a pretty correct level.
Most folks may not realize we're talking TAXABLE income, which is way way different from actual income.
Self employed people can, for instance, put 45 or 50k, some number like that, in a SEP-IRA, and ALL of that money is sheltered from tax. An employee making that much can, of course, put 15k in a 401k. So you'd have, at minimum, to be making 165k before you'd pay a single penny more in tax.
How many people do you know making 165k or more? Of those, how many do you think would report 150k in taxable income?

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Response to Benton D Struckcheon (Reply #8)

Fri Feb 1, 2013, 09:53 PM

9. I mean, if we're serious about paying down the deficit it only makes sense.

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Response to bluestateguy (Original post)

Fri Feb 1, 2013, 09:59 PM

10. The wealthiest had hyperlow tax rates permanently locked in

The wealthy get most of their income from capital gains. The rate on those went to 20%, far below the 30% prior to Bush.

For the rest of us... Austerity.

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Response to MannyGoldstein (Reply #10)

Fri Feb 1, 2013, 11:30 PM

17. I think it's 15% on capital assets held for more than six months.

 

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Response to bluestateguy (Original post)

Fri Feb 1, 2013, 10:22 PM

11. He won permanent tax cuts for the wealthy. If that's you, congratulations

 

If you are earning $300,000 per MONTH from your investments you got your taxes locked in at a cool 20% forever.

If you earn a mere $30,000 per MONTH you got a sweet permanent tax cut as well. Good times.

If you are living on $15,000 per YEAR your taxes went up. Save your food stamps, buy Atlas Shrugged, and stop being such a loser.


This, my friends, is what we are now calling a victory.

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Response to Demo_Chris (Reply #11)

Fri Feb 1, 2013, 11:21 PM

15. The chocolate ration has been increased!

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Response to woo me with science (Reply #15)

Sat Feb 2, 2013, 12:56 AM

19. Perfect isn't it.

 

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Response to Demo_Chris (Reply #11)

Sat Feb 2, 2013, 02:28 AM

21. +1

 

The vast majority of Bush's cuts become permanent and "we" somehow won. Must be nice to have that kind of cheddar.

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Response to bluestateguy (Original post)

Fri Feb 1, 2013, 10:35 PM

12. Not until we know what 3.7 trillion

in tax cuts are going to cause. If the powers that be decide that we need to raise the age of medicare or cut social programs to save a trillion dollars, I'm not going to be too happy. I'm a little more optimistic now since I think that it opens up the possibility of blue polities raising the taxes themselves and using it to fund social programs/infrastructure, though we'll have to see if anyone attempts this.

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Response to bluestateguy (Original post)

Fri Feb 1, 2013, 11:30 PM

16. "This time anyway" is not a victory, it's a reprieve.

 

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