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Thread: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

  1. #91
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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Remember when the Bush tax cuts were unpopular even amongst the Republicans to the point where it required a Sunset condition? Remember when McCain argued against it on the basis that such revenue was required and that a fiscal plan outlining a controlling of the debt be implemented before further tax cuts?

    Because that happened.
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

  2. #92
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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by Khayembii Communique View Post
    Remember when the Bush tax cuts were unpopular even amongst the Republicans to the point where it required a Sunset condition? Remember when McCain argued against it on the basis that such revenue was required and that a fiscal plan outlining a controlling of the debt be implemented before further tax cuts?

    Because that happened.
    More particularly the Bush Tax Cuts were not made permanent because if they had been, long-term CBO budget analysis would have shown just how irresponsible they were.

    It's amazing how far to the right the right has moved in just the last 10 years.

  3. #93
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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by RadicalModerate View Post
    'Super Committee' likely to announce failure to reach debt deal.

    A weekend of talks among members of the congressional committee charged with coming up with $1.2 trillion in budget cuts appeared to produce no last-minute compromise ahead of Monday's practical deadline.Democratic and Republican aides told CNN on Sunday that discussions had turned to how to announce the failure to reach a deal.A senior Democratic aide said talks are focused on a Monday announcement.Another senior Democratic source said, "No decisions or agreement has been reached concerning any announcement or how this will end. But, yes, the likely outcome is no agreement will be reached."
    Maybe the US government can learn something about financial house keeping from Margaret Thatcher. UK really understands what real democracy and real capitalism means... unlike our government who defines democracy / capitalism as the rich men's low tax paradise

    Thatcher: There is no such thing as public money
    Thatcher: There is no such thing as public money - YouTube

    Thatcher on Credit Cards
    margaret thatcher on credit cards - YouTube
    Last edited by Klaus.C; 11-23-11 at 01:54 PM.

  4. #94
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    Re: CNN: Aides; 'Super Committee' likely to announce failure to reach debt deal.

    Quote Originally Posted by haymarket View Post
    It disgust me that some in Congress are already attempting to go around the automatic cuts to protect their friends in the Defense industry.
    Who knew Panetta had so many friends.

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