This was a brilliant political strategic move by obama and the dem camp to push for the bush tax cuts. It just about guarantees a dem nomination for obama for 2012. Moving to the center and playing the compromise card will be a future campaign issue.

Of course there are still 2 more years to go...so time will tell.

Quoted from benny salami

DVR could care less about the City taxpayers. .

You are so full of excrement that it is coming out your ears !!!!
MT, MC and you think you are so smart by making up lies about what I believe or don't believe ..
the fact is you don't know anything about what I believe or don't believe.

Quoted from DemocraticVoiceOfReason

You are so full of excrement that it is coming out your ears !!!!
MT, MC and you think you are so smart by making up lies about what I believe or don't believe ..
the fact is you don't know anything about what I believe or don't believe.

I've not even responded to this thread - leave me out of it.

You seem to be fixated on me for some reason.

Quoted Text

Moody's May Cut US Rating on Tax Package
Published: Monday, 13 Dec 2010 | 10:34 AM ET Text Size
By: Reuters

Moody's warned Monday that it could move a step closer to cutting the U.S. Aaa rating if President Obama's tax and unemployment benefit package becomes law.

Moody's estimates the tax bill could cost up to $900 billion.

The plan agreed to by President Obama and Republican leaders last week could push up debt levels, increasing the likelihood of a negative outlook on the United States rating in the coming two years, the ratings agency said.

A negative outlook, if adopted, would make a rating cut more likely over the following 12-to-18 months.

For the United States, a loss of the top Aaa rating, reduce the appeal of U.S. Treasuries, which currently rank as among the world's safest investments.

"From a credit perspective, the negative effects on government finance are likely to outweigh the positive effects of higher economic growth," Moody's analyst Steven Hess said in a report sent late on Sunday.

After Obama announced his plan, Treasury prices fell sharply in volatile trade last week and yields have hit a six-month high, in part due to concerns over the effect the package will have on government debt levels.

If the bill becomes law, it will "adversely affect the federal government budget deficit and debt level," Moody's said.

On Monday, the Democratic-led U.S. Congress moved toward grudging approval of President Obama's deal with Republicans to extend expiring tax cuts, even for the wealthiest Americans, Last week, Moody's and Fitch Ratings both expressed concerns about the U.S.'s rating longer term, with Moody's fearing the impact if the tax cuts become permanent. ...............>>>>.......................>>>>................http://www.cnbc.com/id/40641123

When I heard that the Bush tax rate cuts brought the lowest rate down to 10% from 15% I decided that we need to let them expire and make those people pay more. I am tired of carrying the load for the slackers. GO DEMOCRATS MAKE EM ALL PAY MORE! YAY!

Solution to all the silliness? National sales tax or VAT to replace income tax. Exclude items such as rent, heat, and certain food items from tax, so it doesn't hit the working poor as badly. The more you spend the more you pay, case closed.

55tbird you're using far too much common sense and as a bonus we could do away with the IRS too.