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Democrats Looking for Another Trillion in Taxes

Lovely.

Democrats say they want to raise as much as $1 trillion in new revenues through tax reform later this year to balance Republican demands to slash mandatory spending.

Democratic leaders have had little time to craft a new position for their party since passing a tax deal Tuesday that will raise $620 billion in revenue over the next 10 years.

Posted by Owen at 1832 hrs
Politics + Politics - General

1. When aren’t the spendocrats not looking for another trillion to spend?

   Posted by .(JavaScript must be enabled to view this email address) on January 07, 2013 at 1937 hrs
   
   
   

2. Lets just mint a platinum coin to cover that new tax bill!

   Posted by .(JavaScript must be enabled to view this email address) on January 07, 2013 at 2037 hrs
   
   
   

3. Is anyone surprised?  Of course in their eyes, we have a revenue problem, not a spending problem.  Too bad our side doesn’t have any leadership with enough testicular fortitude to stand up and not just say “no more”, but vote “no more”. Shut the whole government down for months.  Who cares? Who’ll miss the feds?  Screw it.  By the time Obama leaves we’ll be more than $20 trillion in the hole.  Does anyone realize that at the mystical Bill Clinton surplus of $200 billion, at $20T, we’d need 100 straight years of that level of surplus with no additional debt to pay that off.  Immoral, unpatriotic, evil.

   Posted by .(JavaScript must be enabled to view this email address) on January 07, 2013 at 2101 hrs
   
   
   

4. Take and covet…no one should be surprised by liberalism at this point.

   Coveting without end.

   Posted by .(JavaScript must be enabled to view this email address) on January 07, 2013 at 2120 hrs
   
   
   

5. A backbone would be nice.  The feds, working with the big ‘T’ trillion are at the top of the food chain but here, locally, the spendocrats (love that name) are at it also.

   Looking beyond the ever shrinking value of my home, our Village and our County INCREASED SPENDING!  My overpriced local schools have reduced taxes but, relative to their peers, are still close to the top of the list for taxes.

   As I navigate another one of the half a dozen roundabouts near Cabela’s (at a total cost of $3.5-$4M) knowing that soon I will be navigating the 10-12 new roundabouts on Highway 60 (with an average cost of $350K-$500K each), I begin to realize where these people elected to office got their training.

   Posted by .(JavaScript must be enabled to view this email address) on January 08, 2013 at 0743 hrs
   
   
   

6. Kevin, while I share much of your angst at the Dems for their spending lunacy, the Republicans are part of the problem as well. They did little when they had the majority under W. to put us on the path to fiscal solvency. this latest crew is riddled with gutless eunuchs. Fiscal Conservatism means something different in DC.

   Posted by .(JavaScript must be enabled to view this email address) on January 08, 2013 at 0856 hrs
   
   
   

7. Billiam, 

   True, Republicans do deserve criticism in the past for their lack of fiscal restraint…but its the Democrats, today, dripping with rampant covetousness with this latest demand for tax increases.

   Republicans are against it.

   Let’s focus on fixing the worst of the coveting, Democrats, and then we can concentrate on the amatuer coveting (by comparison) of the few “porkers” in the Republican Party.

   Posted by .(JavaScript must be enabled to view this email address) on January 08, 2013 at 0947 hrs
   
   
   

8. Lets just mint a platinum coin to cover that new tax bill!

   That idea is being floated by some of our leaders in Washington.

   Posted by hsgbdmama on January 08, 2013 at 0956 hrs
   
   
   

9. That idea is being floated by some of our leaders in Washington.

   I might be stupid, but I’m not stupid enough to hatch a plan like that.

   Posted by .(JavaScript must be enabled to view this email address) on January 08, 2013 at 1030 hrs
   
   
   

10. Didn’t the feds decide to print an extra 40 billion a month with no expiration last November too?  That is an extra half trillion year too they get to spend.

    Actually though, I really wish they would simplify the tax code to make extra money.  None of those sheltered people are actually paying the high rates everyone complains about.  WE energies is still tax free, for instance, and my rate has not gone down because of it.

    Posted by .(JavaScript must be enabled to view this email address) on January 09, 2013 at 1019 hrs
    
    
    

11. That idea is being floated by some of our leaders in Washington.
    I might be stupid, but I’m not stupid enough to hatch a plan like that.

    It’s actually a good idea…, as long as the coin contains $1 Trillion worth of Platinum. Which brings up a new direction to go in order to salvage what’s left of our economy - stop monetizing debt and printing fiat money, and start the process of reducing debt by investing T bonds in a precious metal standard.

    Ya, I know…, it’s the opposite direction the spendocrats are taking; Won’t happen in this lifetime.

    Posted by .(JavaScript must be enabled to view this email address) on January 09, 2013 at 1029 hrs
    
    
    

12. It’s actually a good idea…, as long as the coin contains $1 Trillion worth of Platinum.

    Except THIS isn’t possxible….

    Such a coin would HAVE to be fiat money.

    Current price of platinum Approx 1557/oz

    Weight needed for $1T coin:  Approx 640M oz (roughly 18,000 tons)

    Weight of all platinum EVER mined: Approx 16 tons

    Go figure

    Posted by .(JavaScript must be enabled to view this email address) on January 09, 2013 at 1134 hrs
    
    
    

13. Maybe they should change it from platinum to unobtanium.

    Posted by .(JavaScript must be enabled to view this email address) on January 09, 2013 at 1211 hrs
    
    
    

14. The thing the Ron Paul crowd never understood is that all currency is fiat currency - the gold standard is just a shift to a system in which the value of money is tied to a commodity whose value is similarly variable.

    No commodity has intrinsic worth. A material good only has worth because of the value we place on it.

    Posted by Recess Supervisor on January 09, 2013 at 1318 hrs
    
    
    

15. Weight needed for $1T coin:  Approx 640M oz (roughly 18,000 tons)

    I guess that rules out calling it “pocket change”. 

    Posted by .(JavaScript must be enabled to view this email address) on January 09, 2013 at 2047 hrs
    
    
    

16. I guess that rules out calling it “pocket change”.

    Like I said, Not in this lifetime.

    I bet Bruce Willis and Danny Glover could get it done, with only a few dump trucks!

    Posted by .(JavaScript must be enabled to view this email address) on January 10, 2013 at 1450 hrs
    
    
    

17. Carney asked about the trillion dollar coin option (video).

    Posted by hsgbdmama on January 11, 2013 at 1228 hrs
    
    
    

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