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Thread: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes[W: 414]

  1. #51
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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by Misterveritis View Post
    There is a timeline issue. Some things can be improved by an infusion of cash. I can remember having 10 training bullets per soldier per quarter. One does not remain proficient with one's weapons firing three rounds per month.

    Let's see. What is the total budget today? This was interesting: "Military spending: The military budget of the United States during FY 2011 was approximately $740 billion in expenses for the Department of Defense (DoD), $141 billion for veteran expenses, and $48 billion in expenses for the Department of Homeland Security, for a total of $929 billion.[37] The U.S. defense budget (excluding spending for the wars in Iraq and Afghanistan, Homeland Security, and Veteran's Affairs) is around 5% of GDP. Adding these other costs places defense spending between 6% and 7% of GDP. "

    Our government is spending 25% of GDP. Defense is 20-24% of the budget not 60%. You are uninformed or given your lean you may be using liberal math, a form of math I am uncomfortable with.

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Three thoughts...

    1. Speaker Boehner had wanted the House to adopt his "Plan B," not because he felt that it was an optimal plan--it fell far short of the deficit reduction required to be credible--but to give him leverage in the negotiations with the White House.

    2. With the House Speaker unable to muster the votes for his plan, the White House's bargaining position has been strengthened. It is now reasonable to ask whether the Speaker can deliver meaningful Republican support for any bipartisan agreement that would include spending and tax-related provisions.

    In that context, the White House may calculate that a deal that draws primarily Democratic support and a handful of Republican support to clear the House--probably more focused on the tax side than the kind of deal that Speaker Boehner would accept--is preferable. By preferable, I mean that the White House would perceive such a package as being more closely-aligned with its revenue-side preferences. It would need to give up less than would otherwise be the case.

    3. An outcome that falls short of a credible package (and a credible package must generate sufficient fiscal savings and enjoy broad bipartisan support) is likely to offer a fresh indication to the major credit ratings agencies that the U.S. is not capable of the kind of quality governance required to address its tough challenges. In such a context, suboptimal decisions would be more likely than optimal ones and issues of sustainability of fiscal consolidation would arise. Hence, at best, the ratings agencies would maintain current negative outlooks, but there would be a risk of one or more ratings downgrades, especially if the package proves minimalist in nature. Negative action by multiple ratings agencies might trigger the kind of interest rate response that did not occur when S&P downgraded the U.S. to AA+, hence some uptick in rates above what could otherwise be expected might take place.

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by Whipsnade View Post
    Looks like the bohner screwed the pooch this time. What the hell,its only a speed bump that the media has labeled a fiscal cliff anyway.

    <WASHINGTON – House Republican leaders abruptly pulled their fallback tax bill from the floor Thursday night, conceding that they did not have the votes to pass it.>

    < The struggle to win Republican support for a measure that would allow income taxes to rise on a sliver of the top one percent of taxpayers telegraphed a grave decision for the speaker.>


    < House Republican leadership aides made clear that if the bill passes, the speaker believes the next move will have to come from Senate Democrats and the president. Senate Democrats could simply take up and pass the House bill or amend it more to their liking and send it back to the House.>

    http://www.nytimes.com/2012/12/21/us/politics/house-moves-toward-vote-on-boehners-backup-plan.html?hp&_r=0
    Counting the days until Boehner is no longer Speaker of the House...... 10.... 9.... 8....
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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by iguanaman View Post
    That's discretionary spending, not total spending. Mandatory spending accounts for the majority of the federal budget (approximately 60%).

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by Captain America View Post
    LMMFAO!!!

    House Republicans revolted this evening and rejected Speaker John Boehner’s “Plan B” which would have extended the Bush tax cuts for everyone making $1 million or less, among other provisions. According to Boehner, he canceled a scheduled vote on his plan after it became clear he could not get enough support from Republicans for it to pass. The House is now in recess until after Christmas. <snip> BREAKING: Republicans Revolt, Reject Boehner's 'Plan B' | ThinkProgress


    So, Plan B was aborted then?

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by mr4anarchy View Post
    So, Plan B was aborted then?
    Well, not sure "aborted" is the best word for it. I mean, it being Republican and all.

    It's GREAT to be me. --- "45% liberal/55% conservative"
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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by danarhea View Post
    Counting the days until Boehner is no longer Speaker of the House...... 10.... 9.... 8....
    Who do you think will be speaker next year?If its Canter i'll be looking for a close captioning button every time he's on the tube.Cant stand his talking thru his nose.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by iguanaman View Post
    One branch of Govt. is not supposed to govern. The House's duty is to find compromises that can move the country forward. They have failed at their duty again. They will be voted out in 2014.
    Whats the Senates duty?

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by TheNextEra View Post
    No, we will not be "defensless". Join the military and learn something will you?
    That's pretty funny. You liberals have been preaching Unilateral Disarmament in the face of our enemies for at least fifty years.

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    Re: G.O.P. Leaders in House Pull Tax Bill, Citing Lack of Votes

    Quote Originally Posted by Ray410 View Post
    That's pretty funny. You liberals have been preaching Unilateral Disarmament in the face of our enemies for at least fifty years.
    Other than your opinion, point me towards what you regard as proof that liberals have been preaching "Unilateral Disarmament "for at least fifty years.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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