Former President Clinton broke with President Obama on extending the Bush-era tax cuts, saying on Tuesday that they should be renewed temporarily in the current economic climate, according to Politico.
Speaking on CNBC, Clinton said, “That’s probably the best thing to do right now.” He added, “But the Republicans don’t want to do that unless he agrees to extend the tax cuts permanently, including for upper income people. And I don’t think the president should do that.”
The tax cuts, which were passed in 2001 and 2003, will expire early next year and Democrats want to extend them for everyone except the wealthy while the Republicans want them renewed across the board.
Bill Clinton also typified Romney’s presence as “sterling.”
“I don’t think that we ought to get into the position where we say ‘This is bad work. This is good work,'” said the former Democratic President, speaking of Romney’s role in the private equity industry. “I think the real issue ought to be, what has Governor Romney advocated in the campaign that he will do as president? What has President Obama done and what does he propose to do? How do these things stack up against each other?”
Clinton’s comments about Romney directly undermine Obama’s re-election campaign strategy, which has sought to portray Romney as a rampant capitalist who is out of touch with ordinary American voters, The New York Times’ Caucus blog pointed out.
The list of odd things Californians believe that are directly contradicted by observable reality is, of course, far to long to be described here. A representative sample, however, includes:
Maintaining a permanent class of illegal immigrants in modern-day helotage will not reduce employment among the minority citizenry. Giving them full access to state benefits and education will not strain the schools, medical system, or state budget.
California must have the strictest environmental, tax, and employment regulation possible. This will not result slower economic growth, or a business exodus to another state. Similarly, stringent environmental regulation for the benefit of small fish or birds, and significantly reducing the water available for irrigation, will have no effect on farming in the central valley, and, hence, agricultural prices paid by consumers.
It is completely possible to allow state employees to retire as young as 50, with an annual pension payment 85% of their highest salary, and fully meet our pension obligations, because the Dow will be at 24,000 by 2009, and 24,000,000 by 2099, thus making the latest round of pension increases perfectly sustainable through investment.
If we’re taxing California workers 10% of their income, and we have a $16 billion budget deficit, the problem is that we obviously aren’t taxing enough. We should, therefore, tax higher income earners much more, because they can never leave California and move to Arizona. Or Texas.
California is just Greece with movie stars.
Yes. Fornicalia is wantonly destroying businesses.
I agree with Mr Frank with one exception: I worked 35+ years in law enforcement, in Fornicalia, to acquire the retirement I paid for. My retirement isn’t freely “paid for” by my department. What I may get, I worked for. And I predicated my retirement upon plans I signed up for 30+ years ago.
That said, Fornicalia still doesn’t “get it.” It’s Leftist governor, Jerry Brown, doesn’t “get it.”
Because, yeah, after all, I want more gangbangers from SoCal to be able to bring their violent bullshit into NorCal and into the counties that still haven’t completely fallen prey to the Leftists. [Like Nevada County, Placer County, Sierra County, Glenn, Humboldt, Del Norte.] Quickly and cheaply. At a loss. Paid for, times over and again (when its admin realizes it’s a fiscally failing venture) by the Fornicalia Hosts. For Parasites.
But: did I find this information in US news? Of course not! As I’ve submitted for quite some time: if you want to discover what’s actually occurring in the world, check the UK media.
Buyers’ remorse for California’s ‘bullet train to nowhere’
California voters are experiencing buyers’ remorse over a $68.4 billion (£44.4 billion) high speed rail project which critics say risks becoming a “bullet train to nowhere.”
Ambitious plans for a fast track linking Los Angeles and San Francisco at speeds of up to 220mph in just over two-and-a-half hours were slimly approved by 53 per cent in a statewide ballot in 2008. That allowed the state to raise $10 billion from bonds and secured an injection of $3.5 billion in stimulus money from the Obama administration. There is currently no direct train route between the two.
Construction is expected to begin later this year in the middle of California’s Central Valley near Merced, a town of 80,000 people known for having one of the highest home foreclosure rates in America.
The plan calls for around 300 miles of track to be laid south from there over the next 10 years to reach the northern outskirts of Los Angeles. A northern link from the Central Valley to San Francisco would not be completed until 2028.
The project is still $54.9 billion short of what is needed, raising fears that the state will be unable to find the funds to finish later sections, and could be left with a futuristic rail line linking minor cities and farming communities.
Amid disillusion over the cost and handling of the project, voters have now turned against what was supposed to become a symbol of state pride.
Imagine that. What’s left of the actually sane taxpayers in the state are beginning to question the HSR plan.
A new poll shows almost three fifths would oppose the bullet train and halt public borrowing if given another chance to vote.
Almost seven in 10 said that, if the train ever does run between Los Angeles and San Francisco, they would “never or hardly ever” use it.
Not a single person said they would use it more than once a week, and only 33 per cent said they would prefer the bullet train over a one hour plane journey or seven hour drive. The cost of a ticket, estimated at $123 each way, also put many off. Jerry Brown, California’s Democrat governor, has championed the project as a way to create jobs and is backed by unions. The 74-year-old governor has been personally committed to a high speed rail link since the 1970s.
But he is trying to convince voters to spend billions on a train while at the same time proposing tax increases and austere public spending cuts, including a five per cent pay cut for state workers, to deal with a budget deficit that has ballooned to $16 billion.
Because Jerry Brown is insane.
And some of his former Leftists may actually be starting to wake up.
Greece WILL fall.
And so WILL Fornicalia.
BZ
P.S. More pointedly, in an illustration, here is what I don’t want imported to my north from LA:
With the result that billions of dollars will be paid to ILLEGAL MEXICANS. Yes, dearest lawful taxpaying Americans — that’s billions with a ‘B.’
Because, being the good, kind and generous Americans you are, you’d clearly want your government to provide ILLEGAL MEXICANS with a larger refund than you got this year. Wouldn’t you?
As Mr Obama says: “it’s only fair.”
“Fairness.” You have to love that word. Here’s fairness for you. From WTHR-TV, in Indianapolis, Indiana:
The “Additional Child Tax Credit” whose way was paved by the ITIN (Individual Taxpayer Identification Number). Specifically provided by those who can’t legally (My, that word is bandied-about so loosely these days!) possess a social security number. In other words, a way for (air-quotes with fingers) “undocumented workers” to be dinged by the IRS. With one small problem: your hard-earned taxes are paying for Mexican fraud.
Illegals, via the Additional Child Tax Credit, are claiming children in Mexico. And — ahem — “more than one,” shall we say. To be generous, you see. And fair. Don’t you adore fair?
The IRS has known about the problem for quite some time. The US Treasury I.G. has pointed this out to the IRS and its response: the sound of crickets chirping in the fields.
“Once the money goes out the door, it’s next to impossible to get it back.” – US Treasury Inspector General Russell George.
That’s $4.2 BILLION dollarsper year paid out due to a tax loophole which begs for fraud by ILLEGAL MEXICANS. Who, in turn, willingly and quickly step up for same.
All at the Free Cheese Watering Hole, paid by your tax dollars and ignored by the IRS. Purposely and willingly. Here’s how and why:
Despite knowing all this, the IRS officially decided to double-down — as the US government frequently does under Mr Obama — and sent this statement to WTHR-TV as the result of its investigation:
The law has been clear for over a decade that eligibility for these credits does not depend on work authorization status or the type of taxpayer identification number used. Any suggestion that the IRS shouldn’t be paying out these credits under current law to ITIN holders is simply incorrect. The IRS administers the law impartially and applies it as it is written. If the law were changed, the IRS would change its programs accordingly.
“The IRS disagrees with TIGTA’s (inspector general) recommendation on requiring additional documentation to verify child-credit claims. As TIGTA acknowledges in this report, the IRS does not currently have the legal authority to verify and disallow the Child Tax Credit and the Additional Child Tax Credit during return processing simply because of the lack of documentation.
“The IRS has procedures in place specifically for the evaluation of questionable credit claims early in the processing stream and prior to issuance of a refund. The IRS continues to work to refine and improve our processes.”
Translated: we know it’s going on and we don’t care. It keeps us in business and it keeps illegals voting for Demorats. Because, after all, that’s the point.
Bottom line: it’s not our money so we couldn’t care less.
In response: H.R. 1956. On a slow train to nowhere. Or is it. . . ?
So finally: a little attention being paid to this fiscal abortion?
But here’s the rub: other than a small station in Indiana, do you see the issue covered in the DEM/MSM? Of course not. Covered in your area? In your state? Of course not. Do you think the issue would ever be touched by any TV station in Fornicalia? Of course not. None of them have the guts. My state is rife with like-minded Free Cheese Mexicans, illegals, and is run by Demorats who will Kiss Culo for votes.
Can you do something? Of course you can. Click on my Contact Congress widget. Enter your info. Find your CongressCritter. Give them a piece of your mind, quickly and succinctly. Do it today. Do it now.
