2016 Postmortem
Related: About this forumMcConnell's posturing when he says the fiscal cliff deal 'the last word on taxes'
Last edited Thu Jan 3, 2013, 01:38 PM - Edit history (1)
Mitch, tell us, the American people, how you would 'reform' our entitlement programs--what benefits you propose to cut from Medicare and Social Security--which should not even be on the table, as it is easily fixed by lifting the cap and not part of the federal budget. Surely, you will not propose turning Medicare in to a voucher program--or to use the R's latest euphemism--'premium support.'
Second, theres no evidence yet that the Republicans will even be able to name their price on the debt ceiling. House Speaker John Boehner has his dollar-for-dollar principle, which implies more than a trillion dollars in cuts to raise the debt ceiling through 2014. But Republicans havent named anywhere near a trillion dollars of further cuts in any of the fiscal cliff negotiations. Theyve been afraid to take direct aim at Social Security and Medicare, and while they can call for deep cuts to Medicaid, everyone knows thats a nonstarter for the White House in the age of Obamacare. Meanwhile, domestic discretionary spending has already been cut to the bone, and Republicans want to increase defense spending. So whats their demand going to be, exactly? Will they force America into default on behalf of spending cuts they cant name?
Third, a consequence of the 2012 presidential election, in which Mitt Romney argued for capping deductions and exclusions to pay for his tax cuts, and of the early fiscal cliff negotiations, in which Boehner argued for raising revenue through tax reform, is that Republican policy elites, in my experience, really dont hate revenue-raising tax reform all that much. Raising any revenues is a bit of a problem for them as it permits the growth of government, but its really raising tax rates where theyve talked themselves into hardline opposition. So they may be willing to strike a deal on this.
Fourth, I dont think the White House has a shred of credibility when they say they wont negotiate over the debt ceiling. They may not call what theyre about to do negotiating over the debt ceiling, but thatll be what theyre doing. That said, Im quite convinced that they dont intend to be held hostage over the debt ceiling. As a former constitutional law professor, the president sees himself as a steward of the executive branch and is deeply hostile to setting the precedent that congressional minorities can hold presidents hostage through the debt ceiling. At some point in the coming talks, Boehner or McConnell or both are going to realize that the White House really, seriously will not accept a bargain in which what they got was an increase in the debt limit, and so theyre going to have to decide at that point whether to crash the global economy.
more...
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/01/02/calm-down-liberals-the-white-house-got-a-good-deal-on-the-fiscal-cliff/
Cosmocat
(14,564 posts)1) I do get the sense that BO is going to dig his heels in on the debt ceiling.
2) Democrats as a whole have to dig their heels in and make the GOP come out publicly with whatever cuts they believe need to be made SPECIFICALLY. The asshats want to scream about the defict and debt, they want to say they are the party willing to make the TOUGH decisions, but then they want to ball around and make the President tell everyone what is going to get cut so they can say he is the reason it is getting cut. ENOUGH OF THIS SHIT. IF they are so serious, step up and say what they think should be cut and then sell it.
flpoljunkie
(26,184 posts)And, the Republican party wants to shift the burden of the costs to Medicare recipients--rather than control health care costs.
flpoljunkie
(26,184 posts)The furious debates and painfully exacted deals on cuts and taxes will be washed away if the economy goes back into recession. More workers will be thrown out of work. More families will lose their homes. More children will go hungry. Tax revenues will fall; spending will soar on unemployment and food stamps and other supports for those thrown out of work.
Despite the Bush tax cuts, two unfunded wars and the unfunded prescription drug company rip-off program, the annual deficit was less than 2 percent of GDP in 2007 and the accumulated national debt was under 40 percent of GDP. Then Wall Street's excesses blew up the economy, exploding the housing bubble, and created a recession with mass unemployment, driving us into trillion dollar deficits that will end up more than doubling the debt burden.
If the economy is fixed, deficits and the debt burden will decline. The best and necessary deficit reduction program is to put people to work. In fact, even the modest growth we've witnessed since 2009 has reduced the deficit by about 25% percent relative to the size of the economy, declining faster than anytime since the demobilization after World War II. Jobs and growth are essential to any deficit reduction agenda. The worst thing we can do is to endanger growth.
http://www.huffingtonpost.com/robert-l-borosage/budget-bedlam-light-in-th_b_2401741.html