US Senator Elizabeth Warren today urged Republicans to accept what she called a “balanced proposal” from President Obama to ending the standoff over the series of extensive across-the-board federal spending cuts set to take effect Friday.
“It’s a little more balanced than I would have put on the table if I’d been in that position,” Warren said, describing Obama’s plan as a 50-50 split between spending cuts and “closing some corporate loopholes like oil company subsidies.”
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Huh, an interesting situation. She claims to not not anything more to do than to talk to the American people but furthers the angst by calling a bipartisan stop-gap measure that was signed by the President "just plain dumb". For a woman who is supposed to be adept at fiscal issues she certainly lacks savvy.
*not know* sorry.....
Mr Riley.. The only thing this woman could do make you happy would be to resign.
I am sure she is not going to do that, so you can go right on hating her for as long as you like.
As far as Elisabeth Warren is concerned could you please tell us just one thing that she has done correctly? That you know of.
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This is her fearless Leander's deal...his he dumb too?
*Leader's deal
"his he dumb too?" Thanks, "Father", you're always a stitch. I'm guessing that you're not a Jesuit. They're sticklers about spelling and punctuation.
We can't cut 2 cents on the dollar from the federal budget? And the list of potential "hits" is ridiculous. Total scare job. But the American people voted for the fraud Obama and Massachusetts people ponied up to send his lackey to the Senate. Now we all have to lie in this bed for 4 more years.
Wow! that will make 8 years in a row of lying in bed. Isn't there anything else you know how to do.
Senator Warreen calls the sequester cuts that were demanded by Barack Obama in 2011 "Just Plain Dumb"
The president did not demand the sequester cuts:he signed the bill created by the Congress.
Time to review history.
here are "Some Thoughts: The blogger needs to review history. Just do a search for "Obama Veto sequester (or automatic) 2011"
From Forbes magazine (and hundreds of other sources on the Internet). Obama not only demanded the sequester, he ststed that he would VETO any bill that does not contain them. Bloggers need to read other news sources, because the Globe will not tell them what is really going on.
Barack Obama in November 2011 "I will VETO attempts to get rid of automatic spending cuts"
%3A%20I%20Will%20Veto%20Attempts%20To%20Get%20Rid%20Of%20Automatic%20Spending%20Cuts%20-%20Forbes&url=http%3A//onforb.es/vUtC4l
Agustino Fontevecchia, Forbes Staff
Sorry, that is not what she said. Maybe you should read it again?
yes, the big oil bogeyman. Yet, which companies pay the highest taxes?
No idea who pays the highest taxes, but, in 2011, the latest year for which numbers are available, ExxonMobil paid an effective tax rate of 13%. And that was a decrease from their paying 17.6% in 2010. Did your tax rate decline 5%? Did you pay 13% tax rate in 2011? I'm willing to bet many, many non-oil companies pay higher than 13%.
To the Voters of Mass. re: Sen. Warren's comments This is the person you voted into office for the next 6 years. What were you thinking? As for the sequester, this plan was drawn up by the President to garner a favorable response from Congress on the tax hike. Now that the tax hike is in place ( higher wage earners and the payroll tax for everyone else ), he wants to disavow any accountability for this spending cut plan. If the man were to step up to the plate and admit his idea was not well thought out and needed some compromise, he might get some backing from the public. The President's gall in now making this sequester Congress's fault is beyond belief. I'm 60 and approaching the end of my wage earning days, but I feel real bad about those coming up through the working ranks. We are not doing the right thing for them, only postponing the inevitable day of financial reckoning they will have to handle.
We were thinking correctly! The majority of MA voters wanted someone who would represent our interests, provide protection for us everyday, middle-class citizens, and not simply kowtow to large corporate interests. Proud to have voted for Senator Warren, proud of her still. As for this sequester nonsense, President Obama certainly deserves some of the blame for this mess. But, remember back to mid-2011, this deal was the only way Republicans in Congress would go along with raising the US debt ceiling.
Sen. Warren is in dream land if she thinks that subsidies for big oil are going to be touched. In her own Democratic caucus are senators from oil states (Begich of Alaska, Landrieu of Louisiana, Baucus of Montana, Heitkamp of North Dakota, etc.) that will not go along with those cuts. C'mon man.
Senator Warren is off and running as promised and she looks and sounds great!! The rants and discontent we see here are from people who I'm sure would be fans of that knuckleheaded, Facist governor of Maine who's depriving 44,000 sick people from proper healthcare. This man is a catalyst for death.
One of the most important aspects of being a leader is the art of compromise. This President does not understand that.
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You really need to take a long, hard look at which President, which Party has consistently shown the willingness to compromise on virtually all of their core values when it comes to moving America forward. President Obama has received nearly non-stop criticism from the left-wing side of the Democratic Party for his desire to work with moderate Democrats and Republicans. The idea that "both sides are to blame" sounds fair, but is total nonsense.
By the way, why doesn't Elizaberth Warren that her buddy, Deval, is planning to introduce tax hikes for Mass. And these tax hikes will HAMMER the Middle Class....And, also by the way, why doesn't Eiizabeth Warren compain that the NY Times says that the Globe must be sold to the highest bidder?..That means, that the Globe will be owned by a RICH ONE PERCENTER?
Sure the government will shutdown - it we cut 85B from a 3.8T budget - that’s 2.24%
Keep Hammering away Senator Warren
Sen. Warren is a loser. She should be hammering Harry Reid. Sequestration was Obama's idea 18 months ago.The Left conviently FORGETS that. Now he is in full retreat. Obama rivals only Pres. Carter in his ineptness and his unwillingness to show leadership.
If you keep messing with the hornets nest your going to be stung. 50/50 by numbers but not by what is cut, it is all in the dems favor so I do not blame the house for blowing off the potus proposal.
He got his last crisis and now the other side of the fence deserves theirs.
How dumb are those voters that elected and re-elected both Warren & Obama? I mean really, are you all that stupid? Bob Woodward finaly called BS on the teflon Obama administration that it was the WH idea for the sequester back in Aug 2011 that was cuts only and no new revenues. Why, to benefit Obama's relection, that why. Obama thinks the American public is so dumb (which apparently 54% are, as it turns out) to have him lie about no new revenues untill after the election and we have the inability to see him say, in his own words, that the sequester was HIS idea and included cuts only. Now, fast foward 2 months into his second term and he's got amnesia again and even though it was on video. Then our new Sr. Senator dares to bash the GOP over this? Dumb, dumb. No wonder we are getting our buts kicked by the Chinese.
Excellent post. Your post is right on!
"closing some corporate loopholes like oil company subsidies.”
Repeating this half-truth over and over again has apparently become an accepted tactic. Ms. Warren is confusing “subsidies”, i.e., direct government spending, with tax laws that have been around since the beginning of the US tax code.
The tax code allows all corporate tax payers the ability to recover costs and to be taxed only on net income. These cost recovery mechanisms, also known in policy circles as “tax expenditures”, include rules such as percentage depletion allowances, intangible drilling costs, and domestic manufacturers deduction.
The federal government does engage in the handing out of a lot of actual subsidies, including those for ethanol and a variety of wasteful programs like wind energy, which are essentially failures on their own merit. Trying to depict tax credits used by the energy industry – in the same fashion as every other industry – as some sort of special treatment for oil and gas companies is dishonest.