Republicans Develop Economic Plan And Await Response From Obama

"Video: Speaker Boehner: Time for the No-Budget Senate to Act on Cut, Cap & Balance"
Prominent Republican senator, John Boehner, took to the podium today, to announce the Republican party has developed a financial plan for America, but await a response from U.S. President, Barack Obama, regarding the course of action he intends to take. The clock is winding down to the August default deadline, in the debt ceiling debacle Congress is currently presiding over.

Barack Obama
The regrettable fact regarding the congressional fighting, excuse me, debates, is neither side has been able to take the better ideas from each party and merge them into one proper solution. Overall, the Republican party has the better, more prudent economic plan save for the no taxes clause, which, frankly, is a problem.

John Boehner
The Democrats' financial plan has too much spending, but its true redeeming factor is the tax increase on the rich, which would make a big difference (provided the money isn't squandered by too much spending again). Really, is it that hard to compromise with each other. Even the government had to admit this week that the talks have become unusual and strangely stalled, in comparison to past negotiations. Something is wrong.
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You Can Tell By The Looks On Their Faces That The Debt Talks Aren't Going Well

Barack Obama
U.S. President, Barack Obama, is reportedly very frustrated with the lack of progress in negotiations, regarding America's debt ceiling. He lashed out in anger this week stating, "I have reached the point where I say enough. Would Ronald Reagan be sitting here? I’ve reached my limit. This may bring my presidency down, but I will not yield on this." Currently, if there's anything that is going to bring Obama's presidency down, it is his unprecedented government spending, with no results to show for it, as the economy continues to worsen in every way.

John Boehner
On the other side of the aisles, top Republican, John Boehner, is sticking to his guns on not raising taxes on the rich (which the Judiciary Report does not agree with) and budget cuts (which the Judiciary Report does agree with). It is in times like these, it is beneficial to look to economic plans of the past that worked and within reason, apply those lessons to the challenges of today.
STORY SOURCE
Barack Obama’s future looks precarious as America faces its most important presidential election since 1980
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Gallup Poll: Any Republican Would Beat Obama If The Presidential Election Was Held Today
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America's National Deficit Increased An Unprecedented 35% Under President Obama
Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama
Billionaire Tells Obama To Resign Over The Economy
New Negative Jobs Report Is Bad News For Obama
Obama Calls For Job Summit
Source URL: https://crystal-harris-sum.blogspot.com/search/label/taxes
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Democrats And Republicans Refuse To Budge On Debt Ceiling While Obama Threatens To Cut Social Security Next Month

Democrats and Republicans are fighting in Congress, regarding the debt ceiling, while President Obama threatens to cut off Social Security, stating he cannot guarantee that seniors checks will go out next month, on August 3, 2011.
Has he lost his mind. Seniors are going to remember that and attribute it to him. They paid into Social Security for decades, to receive their money during old age and not for a president to summarily decided such a thing.
If President Obama had not wasted so much money on unnecessary spending initiatives and thrown so much cash out the White House window, on overblown stimulus packages, with significant funds stolen and misappropriated, America would not be in this bind.

Barack Obama
President Obama should have raised taxes on the rich from day one of his presidency and used the funds to pay down the national debt and create jobs. President Clinton created 23,000,000 jobs by raising taxes during his time in office, which was recorded as the most financially prosperous in U.S. history. Others have done the same in the past, in other nations, such as Margaret Thatcher in Britain, creating new jobs with freshly raised tax money.
Now President Obama has his back to the wall, after massive, fruitless expenditures and is threatening seniors over Social Security they already paid for. What exactly did the government do with their money. As the Judiciary Report sees is, messing with Social Security is like dipping into pension funds, something you just don't do. You really must not want a second term.
The Democrats need to desist with the excessive spending and the Republicans in Congress need to give up on not raising taxes, because the money is needed. America has many billionaires, millionaires and individuals earning over $250,000 per year that can pay higher personal (and business) income taxes. They live in America and should pay it, after reaping all the funds they did off the nation.
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Source URL: https://crystal-harris-sum.blogspot.com/search/label/taxes
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Obama Administration Admits Financial Hardships In America To Last A Long Time

But It Doesn't Have To Be That Way

Barack Obama
Timothy Geithner, the Treasury Secretary of U.S. President, Barack Obama, admitted in a candid interview last week that the financial hardships besetting America, shall last for a long time. Wrong answer! The people don't want to hear that and the sad thing is, the economy could be repaired, but the Democrats and Republicans refuse to agree on a financially sensible plan.
At the beginning of his presidency, bankers representing Americas top banks, went to the White House to meet with Obama and basically blew smoke up his butt. They talked up their dubious plans and walked away with truckloads of U.S. taxpayer money, only to hoard it, which does not benefit the nation.

Timothy Geithner
President Obama and his team, due to naiveté, inexperience and lobbyists, had such poor oversight, this massive swindling of the American people's tax money, was able to transpire without impedance or accountability on any real level, which is regrettable. Some of the stimulus money also illegally stimulated off shore bank accounts.
It is the Judiciary Report's belief, a line needs to be drawn in the sand with banks and other financial institutions, formally notifying them, if they are not going to productively use the stimulus money in the U.S. economy, they must return the funds or face criminal charges. Taxes also need to be raised on the rich, to help combat the sky high deficit, with some of the funds used to create new jobs, but in a sensible manner (Obama Calls For Job Summit).
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America's National Deficit Increased An Unprecedented 35% Under President Obama
Rivals Use Bad Economy As Primary Tool In Their Bid To Oust President Obama
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STORY SOURCE
Geithner says hard times to continue for many
WASHINGTON (AP) — Treasury Secretary Timothy Geithner (GYT'-nur) says many Americans will face hard times for a long time to come. He says President Barack Obama rescued the United States from a second Great Depression and will keep working to strengthen the economy. But Geithner says will be some time before many people feel like the country is recovering.
Geithner tells NBC's "Meet the Press" that it's a very tough economy. He says that for a lot of people "it's going to feel very hard, harder than anything they've experienced in their lifetime now, for a long time to come."
http://news.yahoo.com
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Jermaine Dupri's Financial Woes Continue With Foreclosure On His Mansion

Jermaine Dupri and Janet Jackson
Atlanta, Georgia music producer, Jermaine Dupri (Mauldin) has been having a tough time of late, with one financial disaster after another. Years ago, the IRS seized his luxury cars, for non-payment of income tax. Many thought his problems were behind him, but old habits die hard. The former hitmaker, known for producing tracks for singers such as Mariah Carey and Usher and running his now defunct subsidiary label, So So Def, has seen his fortune disappear, along with girlfriend, Janet Jackson.
Dupri's $2,500,000 home on Buckhead's Mount Paran Road, was foreclosed on by Sun Trust Bank, as he was in arrears and owes the state $500,000 in taxes. Dupri bought the home several years ago, but has lived so lavishly, he has been unable to pay his bills, among them a $17,000 monthly mortgage payment. Foreclosure was staved off at the last minute, as the house was about to be auctioned on the courthouse steps.
As a result of Dupri's spendthrift ways, which he learned from his dad, music executive, Michael Mauldin, his record label and restaurant were unceremoniously closed, with employees owed wages. They discovered he was out of business, due to locked doors and disconnected phone lines. Dupri should have used discretion and common decency, in formally telling them what had transpired.
Dupri was also fired from his job at Island/Def Jam, further removing another source of income. He was blamed for a number of flops at the label, as at the end of the day, he is not a true executive. He just likes to spend money and pretend he knows what he is doing.

Dupri began taking jobs as a DJ, a big step down for him and his ego, yet ironically could not keep himself out of trouble, as he managed to impregnate a stripper, who told all and effectively ended his relationship with Jackson. This marked another child support check he could no longer afford.
The drug taking, alcoholic, has a sordid, detailed history of negative dealings with industry writers, producers and video directors. Dupri is a notorious thief, as is his dad. The two have brazenly stolen copyrighted material from known and unknown artists and writers alike. His victims have been adults and minors, which is disgraceful. You reap what you sow.
In trying to impress Jackson, he went to great extremes, running up substantial tabs that firmly placed him further in debt, with no real income to repay his financial obligations. Jackson recently dumped him for an billionaire Arab, after Dupri's stripper infidelity was discovered.
Jackson also blames Dupri for the failure of her past few albums, as he had a hand in putting them together. The fact of the matter is, Dupri has always been an overrated producer, who heavily relies on the talents of lesser known writers to prop him up, many of whom were robbed. This coupled with Dupri's wild spending, was bound to cause a catastrophe.
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Attorney General Eric Holder Is A Tax Dodger

...And A Public Nose Picker

Eric Holder
U.S. Attorney General, Eric Holder, who is head of the Department of Justice, is a tax dodger. He was recently outed for not paying several thousand dollars in tax on a New York property he inherited. It took the press exposing Holder's misconduct for him to agree to make the payment.
Holder's conduct does not set a good example, especially in light of the fact he is the nation’s top lawyer, but clearly, only in name. With calls going out for his resignation ever week, one would think he would walk along the straight and narrow path, but apparently not.
STORY SOURCE
Eric Holder, Tax Deadbeat
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Snooki Slams Obama

President Barack Obama
MTV "Jersey Shore" reality TV star, Snooki, has slammed U.S. President Barack Obama for putting a tax on tanning beds. She said Obama wants everyone to be pale and former Presidential candidate, John McCain would not have done that. McCain agrees with her. Obama's talking smack, because he's already brown (just kidding).

Snooki
What Snooki must understand is the government is broke and looking to raise money anyway it can. Not to mention, tanning beds are cancerous. It's safer to use a gentle tanning product that is applied to the skin to give a brown or golden glow.
STORY SOURCE
Jersey Shore's Snooki Bashes Obama's Tanning Tax
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The Obamas Made $5.5 Million In 2009

U.S. President Barack Obama
U.S. President Barack Obama and First Lady Michelle Obama made $5.5 million dollars in income last year, according to their tax filing. Much of their income was derived from book sales.

U.S. First Lady Michelle Obama
STORY SOURCE: Obamas report $5.5 million in income, $1.79 million in taxes
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