jimnyc
12-11-2012, 01:07 PM
And meanwhile, Obama is out there telling everyone that it's ALL the fault of Republicans and they are holding things up. Geithner wants the debt limit to be unlimited and Obama wants to spend as if it's not there.
Former New York City Mayor Rudy Giuliani warned Republican leaders Monday against caving in to President Barack Obama on tax increases, saying Americans voted in November for a debt reduction "compromise" that includes deep spending cuts.
He suggested during an appearance on Fox News' Sean Hannity that if Republicans have to accept tax increases, they should couple it with spending cuts, especially in healthcare costs, and make them effective at the same time.
"If we're going to cave in at all on higher taxes, let it happen at the same time," the Republican said Monday night. "We pass a bill, higher taxes, a lot more spending reduction, and it goes in effect in June when the spending reductions are done. We're not going to take it on the come. We're going to get it when it happens together."
"We can no longer do spending cuts with promised reductions in spending that never happen," he added, noting that Obama misinterpreted the election results if he believes that raising taxes is the answer to the nation's deficit problem.
"Americans voted for a compromise . . . Some part of it is tax increases. I hate that," Giuliani said. But he added, "The most important part of the compromise, [Americans] voted for spending reductions. What we're getting right now from Obama, a tax increase. If you could have a balance of spending decreases of two-to-one or three-to-one, we could have a healthy economy."
http://www.newsmax.com/Headline/fiscal-debt-compromise-giuliani/2012/12/11/id/467214
Former New York City Mayor Rudy Giuliani warned Republican leaders Monday against caving in to President Barack Obama on tax increases, saying Americans voted in November for a debt reduction "compromise" that includes deep spending cuts.
He suggested during an appearance on Fox News' Sean Hannity that if Republicans have to accept tax increases, they should couple it with spending cuts, especially in healthcare costs, and make them effective at the same time.
"If we're going to cave in at all on higher taxes, let it happen at the same time," the Republican said Monday night. "We pass a bill, higher taxes, a lot more spending reduction, and it goes in effect in June when the spending reductions are done. We're not going to take it on the come. We're going to get it when it happens together."
"We can no longer do spending cuts with promised reductions in spending that never happen," he added, noting that Obama misinterpreted the election results if he believes that raising taxes is the answer to the nation's deficit problem.
"Americans voted for a compromise . . . Some part of it is tax increases. I hate that," Giuliani said. But he added, "The most important part of the compromise, [Americans] voted for spending reductions. What we're getting right now from Obama, a tax increase. If you could have a balance of spending decreases of two-to-one or three-to-one, we could have a healthy economy."
http://www.newsmax.com/Headline/fiscal-debt-compromise-giuliani/2012/12/11/id/467214