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Today in 'Fiscal Cliff': Democrats Strengthen Their Hand on the Debt Ceiling

US Politics & Gov't  (tags: democrats, republicans, congress, government, politics, news )

- 1960 days ago -
A small but growing number of Republicans are urging their party to concede on higher tax rates. Now Democrats are starting to strengthen their hand on the debt ceiling.

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Thomas P (280)
Thursday December 6, 2012, 2:16 pm
Noted...thanks Carrie

Past Member (0)
Thursday December 6, 2012, 4:11 pm
Noted. Thanks.

Jason S (50)
Thursday December 6, 2012, 7:11 pm
Good posting, thanks

Gene J (290)
Friday December 7, 2012, 9:37 am
There is NO reason for the President to back off on this issue. None. This is a win-win for the Democrats no matter what happens. And the Republicans are slowly starting to figure that out - the latest PEW poll (which the Republicans like) has 53% of Americans saying they'd hold the republicans accountable if on January 1, taxes went up on everyone. They haven't a chip to bargain with. The President should, as he is, simply stand firm and not give an inch. We haven't had this clear cut and advantage on any issue in years, I'm rather enjoying this one. :^)

Shirley B (5)
Friday December 7, 2012, 1:01 pm
Right on, Gene.

Lois Jordan (63)
Friday December 7, 2012, 3:40 pm
Noted. Thanks, Carrie. Yes, slowly, but surely the GOP is dividing and melting down. How I wish Obama had taken this strong stand before! They must not back down, and keep pressing forward. I'm with Gene....rather enjoying it.

Susanne R (234)
Friday December 7, 2012, 10:33 pm
Tea party members should stop biting off their noses to spite their faces. They're not helping to resolve our economic problems by playing childish games.

Past Member (0)
Saturday December 8, 2012, 2:41 pm
Sen. Mitch McConnell Filibusters His Own Debt Ceiling Bill ...​...mcconnell-filibusters-his-own1 day ago

Dec 07, 2012 · Today marked another low point in American congressional politics. On the heels of the embarrassment that was Republicans blocking a UN treaty that was ...

Scared children... Foolish. Ignorant.

Dorothy N (63)
Sunday December 9, 2012, 1:19 am
The Republicans need to learn the difference between selfish greed and commonsense, adult behaviour - also how to do their jobs as public servants, if they expect to continue to be paid by the American people they're expecting to be able to continue to use and abuse.

The article linked to here links also to another, not sure if everyone saw it, or if anyone's interested, but:

Yesterday’s tax revenues can’t support tomorrow’s America

Posted by Ezra Klein on December 7, 2012

...Republicans on the House Budget Committee, in a news release titled “The Impact of Looming Tax Increases,” emphasize that “federal revenue rose to 18.5 percent of gross domestic product in fiscal year 2007, well above the 50-year historical average of 18 percent.” This proves, they say, that “tax relief did not cause today’s deficits.” ...

... The average of our past revenue isn’t sufficient to sustain our future. In fact, it wasn’t even enough to support our past. As Paul Van de Water of the Center on Budget and Policy Priorities points out, revenue of 18.5 percent of GDP would have been sufficient to balance only three budgets in the past 50 years — all of them in the 1960s. ...

... The nightmare scenario here is that it simply leads to the worst of both worlds: Spending keeps growing, but the tax code begins doing real damage to the economy, or deficits grow to the point that they cause a fiscal crisis. Sticking to the tax consensus of the last 50 years, in other words, could cause an economic catastrophe over the next 50 years.

Past Member (0)
Sunday December 9, 2012, 9:24 am
"Sticking to the tax consensus of the last 50 years,"

50? How do we compare 20 years of growth and high taxes on the rich with the next 30 years of fascist overthrow and welfare for the super rich?

"Republicans on the House Budget Committee"

Meaning Paul Ryan and his Ayne Rand, screw you philosophy?

Taxing the super rich 90% after the first million CAN save the economy. This country has a mountain of repair backed up. Rich people don't give a damned about our roads. They fly in jets and shuttle in helicopters. They and their paid lobbyists, with their BS message, ARE the problem

James Maynard (84)
Sunday December 9, 2012, 2:56 pm
I totally agree, if the "Loyal Opposition" won't accede
to the will of the majority, then it's "Just Say No" to
them for a change.
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