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ProSense

(116,464 posts)
Sun Dec 30, 2012, 01:39 PM Dec 2012

President Obama on what happens if Republicans block the middle-class tax cuts.

<...>

DAVID GREGORY: Is this your Lincoln moment?

PRESIDENT BARACK OBAMA: Well, no. Look, A, I never compare myself to Lincoln and, B, obviously the magnitude of the issues are quite different from the Civil War and slavery. The point, though, is democracy's always been messy. And we're a big, diverse country that is constantly sort of arguing about all kinds of stuff. But eventually we do the right thing.

And in this situation I'm confident that one of two things are going to happen when it comes to the fiscal cliff. Number one, we're going to see an agreement in the next 48 hours, in which case middle class taxes will not go up. If that doesn't happen, then Democrats in the Senate will put a bill on the floor of the Senate and Republicans will have to decide if they're going to block it, which will mean that middle class taxes do go up. I don't think they would want to do that politically but they may end up doing it.

And if all else fails, if Republicans do in fact decide to block it, so that taxes on middle class families do in fact go up on January 1st, then we'll come back with a new Congress on January 4th and the first bill that will be introduced on the floor will be to cut taxes on middle class families. And I don't think the average person's going to say, "Gosh, you know, that's a really partisan agenda on the part of either the president or Democrats in Congress." I think people will say, "That makes sense, because that's what the economy needs right now."

So one way or another, we'll get through this. Do I wish that things were more orderly in Washington and rational and people listened to the best arguments and compromised and operated in a more thoughtful and organized fashion? Absolutely. But when you look at history that's been the exception rather than the norm.

http://www.msnbc.msn.com/id/50314590

The President plays some chin music.
http://www.democraticunderground.com/10022090926

In January, it only gets worse for Republicans
http://www.democraticunderground.com/10022054555



10 replies = new reply since forum marked as read
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President Obama on what happens if Republicans block the middle-class tax cuts. (Original Post) ProSense Dec 2012 OP
Kick! n/t ProSense Dec 2012 #1
DURec...nt SidDithers Dec 2012 #2
Holy Shit! Obama admits he's for chained CPI ?!! leftstreet Dec 2012 #3
Yup ProSense Dec 2012 #4
But you people told us he was bluffing leftstreet Dec 2012 #6
How do you know ProSense Dec 2012 #7
LOL n/t leftstreet Dec 2012 #8
I know, isn't ProSense Dec 2012 #9
k&r... spanone Dec 2012 #5
Kick! n/t ProSense Dec 2012 #10

leftstreet

(36,108 posts)
3. Holy Shit! Obama admits he's for chained CPI ?!!
Sun Dec 30, 2012, 02:14 PM
Dec 2012

From that same interview

PRESIDENT BARACK OBAMA: --but I already have, David, as you know, one of the proposals we made was something called Chain CPI, which sounds real technical but basically makes an adjustment in terms of how inflation is calculated on Social Security. Highly unpopular among Democrats. Not something supported by AARP. But in pursuit of strengthening Social Security for the long-term I'm willing to make those decisions.


But we were told he didn't support this

ProSense

(116,464 posts)
4. Yup
Sun Dec 30, 2012, 02:24 PM
Dec 2012
PRESIDENT OBAMA: ...but I already have, David, as you know, one of the proposals we made was something called Chain CPI, which sounds real technical but basically makes an adjustment in terms of how inflation is calculated on Social Security. Highly unpopular among Democrats. Not something supported by AARP. But in pursuit of strengthening Social Security for the long-term I'm willing to make those decisions. What I'm not willing to do is to have the entire burden of deficit reduction rest on the shoulders of seniors, making students pay higher student loan rates, ruining our capacity to invest in things like basic research that help our economy grow. Those are the things that I'm not willing to do. And so...

...and Boehner turned him down. It'll never pass in the Senate.

Here's an example of how dead chained CPI is, and why it should be.
http://www.democraticunderground.com/10022048462

ProSense

(116,464 posts)
7. How do you know
Sun Dec 30, 2012, 02:44 PM
Dec 2012

"But you people told us he was bluffing LOL guess you're not as juiced in as some thought"

...he still isn't? I mean, without Boehner's acceptance, he can keep repeating how far he was willing to go.

"You people" clearly don't understand politics.

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