Ohhh Democrats... Ohh Republicans.
Republicans: Negotiating? What a joke!
Democrats: We have no backbones..
☮★★☮ Just a democratic-socialist in the heartland of America.CHECK OUT MY TUMBLR(BLOG)HERE "Life is beautiful. Let the future generations cleanse it of all evil, oppression, and violence, and enjoy it to the full."
all thru this debt ceiling debate the white house has had 3 solid and unshifting priorities---to lift the roof hi enough to get thru the next presidential (he needs 2.4T), to protect programs from cuts, to raise revenue
the knuckle dragging neanderthals, characteristically crass and uncompromising, have 2 simian demands---dollar for dollar (except that ratio keeps growing) and no new taxes
the administration's chaotic behavior the last few days exposes clear as stanley mcchrystal exactly what barack the slasher's TOP priority has always been
actually, that sunday nite when he turned on eric cantor and, by all accounts, reamed the reprobate from virginia---it was pretty obvious when the president stormed out of the room that nite where was his open sore
cantor was needling the president, actually interrupting him 4 times---will you VETO a short term deal?
the party in power still prefers, top priority, that LONG TERM deal
but to get such thru the house...
and there's no time
still, that's what reid's about this morning, this last ditch effort to avoid having to have this debate all over again in the midst of the campaign
however, his 2.7T offer, generous as it sounds, is already TOTALLY FALLING APART
at least that's what i'm hearing outta the caucus
reid relies on huge savings from "military draw downs" in iraq and obama's war, afghanistan
the wingnuts and tinfoil hats, tho, see such "assets" as imaginary
boehner's 1.2 doesn't touch defense (according to ap, as well as the hill and wapo...)
My Way News - Boehner preparing to move on debt limit
As noted previously, I believe the negotiating approach undertaken in the debt ceiling-deficit reduction talks has been a bad one. It was an approach that invited posturing and an embrace of almost theological positions. At one point, the talks on the "grand bargain" had each side within $10 billion of one another. At that point, a genuine act of leadership would have had one side making the proposition that the difference be split (conceding $5 billion out of a potential $3.7 trillion plan is inconsequential). Speaker Boehner made no such offer to bridge the differences. President Obama threw dynamite into the emerging agreement with the suggestion to add $400 billion in revenue. Hence, even as the parties advocated their positions in good faith, the opportunity for a credible deficit reduction agreement might have been squandered.
From the sidelines, individuals arguing that the debt ceiling should not be increased at all and, to some extent, that a failure to raise it would not inflict serious harm made an already difficult negotiation even more challenging. Such individuals are irresponsible, as they simply do not comprehend the vast degree of linkage between the U.S. and global economies, much less the macroeconomic impact and contagion risk associated with a failure to raise the debt ceiling. Certain others advocated that entitlement programs be kept off the table, insisting that the compact to older Americans is almost sacred in nature. They, too, are irresponsible. Those programs are the leading source of the nation's long-term fiscal imbalances. In the absence of reform, those programs will consume a growing share of the nation's finances, squeezing out other important programs, including but not limited to Defense.
The stage is now set for the "great punt." A deal to raise the debt ceiling will likely be reached in time to avert a default. Deficit reduction associated with that deal will very likely be smaller than it would have been under the "grand bargain." At the same time, the extent of the nation's political dysfunction has been exposed and no responsible ratings agency should overlook it. Moreover, that dysfunction will almost certainly be reinforced when a significant number of representatives vote against hiking the debt ceiling.
So voting your conscience is now dysfunction?
At the same time, the US does indeed have some long-term fiscal problems that need to be addressed. In other threads I've outlined the basic contours of what I think we need to do to fix the four big deficit drivers: Social security, health care, defense, and tax policy. THOSE are the deficit issues that need to be solved; slashing non-defense discretionary spending (especially in the immediate future) is completely barking up the wrong tree. It will, at best, do nothing to solve the long-term fiscal problem and may actually make it worse if it inhibits economic recovery.
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Last edited by donsutherland1; 07-25-11 at 01:32 PM.