The "fiscal cliff" situation is pretty fascinating. Everybody knows it will only be solved if both sides give a little. It's been fun watching Republicans try to come up with sneaky ways to raise revenue without actually raising the rate on the rich. My favorite so far was Tim Pawlenty on CNN tonight saying that maybe they could just look at the entitlements (Medicare, Social Security)that the rich receive. That's not a compromise, it's just a very bad joke.
(You can read J. Marquis daily at Major Conflict)
282 comments:
1 – 200 of 282 Newer› Newest»I hope they do nothing. And I hope the Republicans in the House never raise the debt limit again - ever.
Let it burn.
Once the Democrats in the White House are forced to cut government by 40% (how much of our spending we borrow), meaningful compromises are possible.
I can't decide if the Republicans should do nothing or just give them whatever they want. Either way, the Democrats need to fully own the coming crisis.
No Z, It's always gonna be Bush's fault. Or Reagan. Or Washington. Or someone. Any one but themselves and their policies. Those policies fail time and again, but let's not let facts and data get in the way.
Rickvid - That's the plan. When the Democrats controlled everything 2008 - 2010, they didn't touch tax rates. They want to force the Republicans to forfeit their one principle and sign off on a big tax increase.
Just say "no" and let everyone get a taste of a big tax increase.
Alas Giving Republicans a pass for medicare part D, and tax cuts prior to Iraq and Afghanistan is borderline insane.
Medicare part D cost Republicans the Congress and many donors including me.
The 2001 tax cuts were flawed in several ways - particularly the expiration date. Federal revenue increased after the cuts so I don't understand how they damaged our ability to fund anything.
In early 2001, how were they supposed to know wars in Iraq and Afghanistan were coming?
People love to forget that Clinton had a Republican Congress and Bush had a Democratic one...
Zelda 10:37AM is absolutely spot on!
The first priority is to make sure the Marxocrats own the problem when the shit hits the fan.
I think that the Messiah's strategy is to let the economy go down the toilet, perhaps even loose Congress for a couple years, then let the Republicans take the blame for the necessary, but sure to be highly unpopular austerity measures that will have to follow.
The Marxocrats would then come roaring back stronger than ever because the economic ruin will have wiped out the middle classes savings, leaving them no place to turn to in their old age but the Marxocrats.
This will further several Chicagocrat objectives: (1) The middle class and the rich will be wiped out as they deserve to be, (2) The military will be defunded and virtually destroyed, limiting our foreign policy options to what we can buy from the U.N., and (3) A permanent Marxocrat majority will have been created.
This will come at very little cost to the Messiah and His Disciples, since their base cares far less about preserving savings and investments than the Republican base does.
Isn't it funny we are now hearing about the Fiscal Cliff after the elctions are over.
YEAH LapDogMedia. Job well done
I say let them destroy the economy and the country. Maybe it is the only thing that will wake the idiots that voted the WON into the White House
remember "Elections Have Consequences and the WON won, so get over it"
I am struggling with supporting the Republicans standing fast and letting the Marxocrats blink first or supporting some “compromise”.
I lean toward standing fast because I think the Marxocrats will destroy the economy anyway and I don’t think “compromise” means anything like meeting in the middle. That is, there is really nothing to gain by not standing fast. The Republicans will still have to be the ones who institute highly unpopular austerity measures.
I have not completely made up my mind, so I am interested in what you others think.
COM,
I can't believe you are still focusing on political posturing after what the last two years has gotten you.
Nate:
The last FOUR years have taught me to never stop thinking about politics.
The opinions of many moderates were flavored by McConnell's statement that the number one task of this congress was to make Obama a one term president. The story that Republicans are obstructionist became incredibly easy to tell, and when they blocked raising the debt ceiling demanding spending cuts, well the story became well supported.
As anyone that has looked at the numbers understands, we can't cut our way out of this debt. The yearly budget deficit is greater than yearly discretionary spending. A combination of tax increases and spending cuts must occur, and I'll even go along with a 4 or 5 to 1 in favor of spending cuts. However we aren't going to make progress without both. Just remember that spending cuts will negatively impact the economy at least in the short run as governments and government services employees will be forced to cut employees.
Nate's convinced me. Let the Democrats have everything they want. Raise taxes, raise spending, implement Obamacare, and don't touch the entitlements. Of course when that fails, they'll probably blame the Republicans for not saving them from themselves, but I would look forward to that argument.
Nate:
Do you think that if the Republicans would agree to raise taxes provided the current tax code is replaced by a tax on EVERYONE'S income at some flat rate, with NO deductions, that the Marxocrats would also agree?
Do you think that the Marxocrats would agree to a sunset law and requireing a super majority (60%?)to increase borrowing as a feature of or even in lieu of the spending cuts?
Nate,
Your math is flawed again. There is no way any tax increase on anyone will even start to close the debt. And you are only talking about the people already over the top of the Laffer Curve.
The only possible way to get out of it is to grow the economy and cut spending. In other words, the exact opposite of what is going to happen.
This is why I supported Johnson. When Pawltney's name was being circulated as a possible running mate for Romney. If medicare and SS are entitlements it is because the recipients paid directly into that black hole known as the SS trust fund. Those are not your normal something-for-nothing entitlement programs.
Hey Nate,
Go Fuck Yourself.
And when we go over the Fiscal Cliff, I hope whatever shitbag comapany that would actually employ you burns to the fucking ground because of it. Oh wait, I bet you work for the govt. dont you? Even better.
So again. Go. Fuck. Yourself.
Enjoy the next couple of years of gridlock. I certainly will.
Obama gave a news conference today and it shows how he is going to play it again.
He says lets pass the extension for those under $250k right now, and we can work on the other things after. Meaning, once the extension he wants is in place, there will be no further talks on anything else. In essence, he makes a simple appeal so people soak it up and blame the House in order to get what he originally wanted, and any other deal after would never happen.
The main problem with Republicans is they do not defend their positions well at all. They let Democrats define them. Whether that be as racists, obstructionists, the recession being all Bush's fault, etc.
I'm so excited to see what the other side of the fiscal "cliff" looks like. Sad to say we won't see it this year, as our heroic Speaker will cave, surrender and then have a good spray tanned cry over it on national television.
Ah well, better luck next year. Austerity is coming eventually.
As long as you can keep killing the dark skinned babies, nothing else matters.
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