Page 8 of 8 FirstFirst ... 678
Results 71 to 78 of 78

Thread: Still No Budget Deal - Current Happenings

  1. #71
    Sage

    Join Date
    Nov 2009
    Last Seen
    Yesterday @ 11:40 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    8,351

    Re: Still No Budget Deal - Current Happenings

    Quote Originally Posted by danarhea View Post
    Here are Boehner's words also:

    "Last Sunday there I thought there was an agreement of $800 billion of new revenue [...] On Tuesday, the president said they needed more revenue. Mr. Cantor and I told the president no. Wednesday they said they needed more revenue. We said no. Thursday, we need more revenue. We said no. Friday afternoon, when the president called me and demanded $400 billion in more revenue, there's no way you can get that out of tax reform other than raising taxes on the American people."

    Now let's debunk this lie, and it is easily done. According to Boehner, he had an agreement on revenue on Friday until it fell apart on Thursday. Oops. Bohner ****ed up. LOL.
    OK, I must be slow. Where is the lie you are exposing???

  2. #72
    Guru

    Join Date
    May 2011
    Last Seen
    Today @ 01:56 AM
    Lean
    Conservative
    Posts
    3,170

    Re: Still No Budget Deal - Current Happenings

    Quote Originally Posted by danarhea View Post
    Here are Boehner's words also:

    "Last Sunday there I thought there was an agreement of $800 billion of new revenue [...] On Tuesday, the president said they needed more revenue. Mr. Cantor and I told the president no. Wednesday they said they needed more revenue. We said no. Thursday, we need more revenue. We said no. Friday afternoon, when the president called me and demanded $400 billion in more revenue, there's no way you can get that out of tax reform other than raising taxes on the American people."

    Now let's debunk this lie, and it is easily done. According to Boehner, he had an agreement on revenue on Friday until it fell apart on Thursday. Oops. Bohner ****ed up. LOL.
    I don't think so. He may have had a slip of the tongue just like Obama did with 57 states.

  3. #73
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    11-28-17 @ 04:47 PM
    Gender
    Lean
    Centrist
    Posts
    11,690

    Re: Still No Budget Deal - Current Happenings

    FWIW, the IMF has weighed in at the conclusion of its Article IV consultation with the U.S. The IMF declared:

    Directors agreed that placing public debt on a sustainable path is critical to the stability of the U.S. economy, with positive spillovers to other countries. They welcomed the administration’s objective to stabilize the debt ratio by mid-decade and gradually reduce it afterward. Directors highlighted the urgency of raising the federal debt ceiling and agreeing on the specifics of a comprehensive medium-term consolidation plan. With a well-defined, credible multi-year framework in place, the pace of deficit reduction in the short run could be more attuned to cyclical conditions.

    Directors generally concurred that fiscal adjustment should start in FY2012 to guard against the risk of a disruptive loss in fiscal credibility. The strategy should include entitlement reforms, including additional savings in health care, as well as revenue increases, including by reducing tax expenditures. Directors welcomed the administration’s proposals for multi-year expenditure caps on non-security discretionary spending and a “failsafe” mechanism that would trigger automatic actions against deficit overruns.
    Public Information Notice: IMF Executive Board Concludes 2011 Article IV Consultation with the United States

    The complete staff report can be found at: http://www.imf.org/external/pubs/ft/...11/cr11201.pdf (pp.13-19 deal with the U.S. fiscal situation).

  4. #74
    Banned
    Join Date
    Jun 2010
    Last Seen
    05-06-12 @ 11:12 PM
    Lean
    Other
    Posts
    9,800

    Re: Still No Budget Deal - Current Happenings

    Quote Originally Posted by haymarket View Post
    when I first heard that expression and what it meant I laughed and laugh every time since then.
    Same. And it is so perfectly fitting in this conversation.

  5. #75
    Sage
    j-mac's Avatar
    Join Date
    Mar 2009
    Location
    South Carolina
    Last Seen
    12-08-17 @ 03:46 PM
    Gender
    Lean
    Conservative
    Posts
    30,272

    Re: Still No Budget Deal - Current Happenings

    Quote Originally Posted by washunut View Post
    OK, I must be slow. Where is the lie you are exposing???
    It's not a lie...Obama is playing the same game he always has....Say one thing at the outset, then change **** up right before a deal is done...It's called negotiation in bad faith.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

  6. #76
    Doesn't go below juicy
    tacomancer's Avatar
    Join Date
    Jan 2010
    Location
    Cleveland
    Last Seen
    05-20-16 @ 02:42 PM
    Gender
    Lean
    Other
    Posts
    31,781

    Re: Still No Budget Deal - Current Happenings

    Quote Originally Posted by j-mac View Post
    It's not a lie...Obama is playing the same game he always has....Say one thing at the outset, then change **** up right before a deal is done...It's called negotiation in bad faith.

    j-mac
    Actually its a sign of how apart the two parties are. Obama was trying to thread the needle between both camps and was unable to. The request for additional revenues was to appease the democrats who also need to vote for this thing and therefore have their concerns addressed as well as the republicans, since neither party has the votes to make it happen in a partisan manner.

  7. #77
    Guru

    Join Date
    May 2011
    Last Seen
    Today @ 01:56 AM
    Lean
    Conservative
    Posts
    3,170

    Re: Still No Budget Deal - Current Happenings

    Quote Originally Posted by megaprogman View Post
    Actually its a sign of how apart the two parties are. Obama was trying to thread the needle between both camps and was unable to. The request for additional revenues was to appease the democrats who also need to vote for this thing and therefore have their concerns addressed as well as the republicans, since neither party has the votes to make it happen in a partisan manner.
    I agree that the sides are far apart. The request for addtional revenues had been achieved until the President decided to up the ante. Why did he do that? Was it because the Democrats are as intransigent as they say the GOP is? And, then we have Reid's plan, and it calls for no additional revenues. How can that be? All of this seems to be sending very mixed signals.

  8. #78
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    11-28-17 @ 04:47 PM
    Gender
    Lean
    Centrist
    Posts
    11,690

    Re: Still No Budget Deal - Current Happenings

    In Message #57 in this thread, I noted:

    In my opinion, even when the debt ceiling is raised--and I still expect it to be done prior to August 2--the political dysfunctionality problem by itself suggests that the U.S. is not worthy of a AAA rating. Hence, I would not be surprised that at least one of the major Ratings organizations would lower the U.S. credit rating even if the debt ceiling is raised on a timely basis. After all given the political risk involved, confidence that the U.S. would make the decisions that need to be made, much less implement them, would be challenged to say the least.

    Apparently, the political dysfunctionality issue was one of the criteria by which S&P determined that the U.S. no longer warranted an AAA rating. In part, S&P declared:

    ...the downgrade reflects our view that the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges to a degree more than we envisioned when we assigned a negative outlook to the rating on April 18, 2011.

    Since then, we have changed our view of the difficulties in bridging the gulf between the political parties over fiscal policy, which makes us pessimistic about the capacity of Congress and the Administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics any time soon.


    Standard & Poor's Downgrades US Credit Rating From AAA to AA+ - ABC News

Page 8 of 8 FirstFirst ... 678

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •