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Thread: Seven top executives "propose a truce" to Democrats and GOP over budget fight

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    Re: Seven top executives "propose a truce" to Democrats and GOP over budget fight

    Quote Originally Posted by AdamT View Post
    See, the thing is that the voters have already put in place a divided government, and Congress already has a duty to compromise in order to move the country forward. But one party has not gotten the message.
    Agreed. Now, which party?

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    Re: Seven top executives "propose a truce" to Democrats and GOP over budget fight

    Did anyone else notice the sheer arrogance, bad math, and selfish aims of that letter? They spouted that "job creators" bull, despite the constant layoffs coming from large corporations. They claimed to create "billions in revenue" with "thousands of employees"... billions of revenue divided by thousands of employees suggests that everyone is making millions of dollars, which we all know isn't true. Those thousands of employees are working longer and longer hours for less and less pay, and most don't even approach a million dollar salary, while those CEOs rake in eight figure incomes.

    This letter says that corporate tax rights need to be lowered (netting these men more income), some loopholes closed (they're awfully non-specific about which ones), and social programs need cutting. They support "things that drive our economy, like education, our transportation and information infrastructures, and basic research," but don't want any money put into those things.

    A lot of lofty language doesn't disguise the fact that these rich men are advocating the means to become wealthier. The message is clear... "cut social spending and cut our taxes". Don't fall for it.
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    Re: Seven top executives "propose a truce" to Democrats and GOP over budget fight

    Quote Originally Posted by AdamT View Post
    And the Republican solution? They want a short term solution to ensure that this uncertainty continues indefinitely.
    Conrad: We need a short-term debt deal - Reid J. Epstein - POLITICO.com

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    Re: Seven top executives "propose a truce" to Democrats and GOP over budget fight

    Quote Originally Posted by AdamT View Post
    You make a lot of good points, but I think it's far from accurate to say that both sides started negotiations from their maximum positions. That seems to be the exclusive province of republicans, these days.
    Harry Reid calls for clean debt ceiling vote - Meredith Shiner - POLITICO.com

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    Re: Seven top executives "propose a truce" to Democrats and GOP over budget fight

    Quote Originally Posted by AdamT View Post
    They want a short term solution to ensure that this uncertainty continues indefinitely.
    Neither party wants a short term solution, it's just the only thing it seems they may be able to agree upon. Plan C or D.

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    Re: Seven top executives "propose a truce" to Democrats and GOP over budget fight

    Quote Originally Posted by Taylor View Post
    Neither party wants a short term solution, it's just the only thing it seems they may be able to agree upon. Plan C or D.
    Oh, I think they do. Both parties would love to come up with a way to postpone making any hard decisions until after the next election.
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    Re: Seven top executives "propose a truce" to Democrats and GOP over budget fight

    Quote Originally Posted by Paschendale View Post
    Did anyone else notice the sheer arrogance, bad math, and selfish aims of that letter? They spouted that "job creators" bull, despite the constant layoffs coming from large corporations. They claimed to create "billions in revenue" with "thousands of employees"... billions of revenue divided by thousands of employees suggests that everyone is making millions of dollars, which we all know isn't true.
    It's not the CEOs using "bad math" - your assertion that "billions in revenue with thousands of employees suggests million-dollar salaries" is only true if you assume that these giant corporations have no operating expenses.

    I mean, the Federal government takes in trillions of revenue each year - should we similarly expect ten thousand dollar checks each year for every citizen, allthewhile expecting government to not only do everything it needs to do but produce a surplus at the same time?

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    Re: Seven top executives "propose a truce" to Democrats and GOP over budget fight

    Quote Originally Posted by Dittohead not! View Post
    Oh, I think they do. Both parties would love to come up with a way to postpone making any hard decisions until after the next election.
    Perhaps that's the reason they feel they can compromise on this - but both parties would much prefer a long term solution for which they get a good share of the credit.

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    Re: Seven top executives "propose a truce" to Democrats and GOP over budget fight

    In other words, we're to believe that by removing the pressure to come up with a deal, we'll still be in a good shape to come up with a compromise after the ceiling has been raised.

    No thanks, Reid.

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    Re: Seven top executives "propose a truce" to Democrats and GOP over budget fight

    Reid said he hoped a proposal would move as“a separate piece of legislation we’d take a look at” because such a measure has “nothing to do with attaching it the debt ceiling.”

    Harry Reid calls for clean debt ceiling vote - Meredith Shiner - POLITICO.com
    I have an even better idea, Reid. Since everyone says they agree there need to be spending cuts, Congress can include those with the debt ceiling raise. Then the only thing we'd have to deal with in "a separate piece of legislation we'd take a look at" is whether or not to raise taxes. Sound good?

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