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dmaestro 02-Dec-12, 13:13 |
 GOP Should Yield On Taxes=================== Geithner predicts Republicans will yield on taxes By Aruna Viswanatha and Thomas Ferraro WASHINGTON | Sun Dec 2, 2012 (Reuters) - Treasury Secretary Timothy Geithner pushed Republicans on Sunday to offer specific ideas to cut the deficit, and predicted that they would agree to raise tax rates on the rich to obtain a year-end deal and avoid possible economic doom. But the top U.S. Republican, Speaker of the U.S. House of Representatives John Boehner, stood firm and renewed his stand against increased tax rates, leaving talks at a stalemate. "Here's the problem," Boehner told "Fox News Sunday" as both sides took their battle to TV talks shows. "When you go and increase rates, you make it more difficult for our economy to grow," he said. Besides, Boehner said, if Republicans agreed to give President Barack Obama $1.6 trillion in new tax revenue, "He's going to spend it," not reduce the deficit. Geithner, Obama's top negotiator, said in a separate appearance on Fox that Republicans must step up. The treasury secretary said Republicans will be responsible if no deal is reached by the end of the month, triggering the "fiscal cliff," deep automatic spending cuts and across-the-board tax hikes that could plunge the country into a recession. "There's not going to be an agreement without rates heading up," Geithner said on CNN's "State of the Union." With polls showing most Americans favor raising tax rates on the wealthy and cracks starting to appear in what had been a solid wall of Republican opposition to such a move, the Obama administration figures it has the upper hand. But Boehner made it clear that the fight has only begun and he is interested in cutting a deal, not sounding fiscal alarms. "I don't want any part of going over the cliff. I'm going to do everything I can to avert that," Boehner said. He again refused to offer specific deficit reduction proposals, other than to repeat that one option would be to end a number of unspecified tax deductions. "The president has seen a lot of options from us. There are a lot of them on the table and I'm hopeful that the conversation will continue," Boehner said. Boehner also reaffirmed his party's opposition to Congress giving the president sole authority to increase the U.S. debt limit, a power both Democrats and Republicans value. "Silliness. Congress is never going to give up this power," Boehner said, explaining it provides lawmakers needed leverage in dealing with the White House. 'FLABBERGASTED' More talks are expected this week, at least at the staff level. But both sides have said it may be another week or so before negotiations get serious. A likely scenario is a possible short-term fix that would postpone the deadline for the fiscal cliff for six months to a year. Geithner's opening offer last week included raising tax revenues by $1.6 trillion, at least $50 billion in new economic stimulus spending and effectively giving the president the ability to raise the debt limit. Republicans promptly rejected the offer as unacceptable, even laughable. Boehner said he was "flabbergasted" and recalled telling Geithner, "You can't be serious." Also on Sunday, the top House Democrat, Nancy Pelosi, renewed her threat to force a vote on a Senate-passed plan to extend tax cuts for the middle class if Boehner does not schedule a vote "immediately." "The clock is ticking and stalemates are a luxury we cannot afford," she said in a written statement. If Congress does not act, the temporary tax cuts for all taxpayers enacted under former President George W. Bush will expire on December 31. Republicans want to extend those tax cuts for all taxpayers, while President Barack Obama and his fellow Democrats want the tax cut extended only for those with incomes under $250,000. Republicans, who control the House but are the minority in the Senate, have expressed a willingness to raise revenues by such steps as limiting tax deductions, but most oppose increasing rates. The combination tax hikes and spending cuts set to take hold early next year would suck about $600 billion out of the economy. |
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Read again his words: "Based on polls, the GOP must yield on taxing the rich or face public wrath for being responsible going over the cliff. Obama must hold firm, blame the GOP, and make the GOP cave in public or take all the blame for the results. Pelosi must force the GOP House to vote to preserve the tax cuts for the rich, thus humiliating Boehner. This time Obama should be tougher, and seek public surrender by the GOP so there is not doubt in the GOP's mind that elections have consequences and they lost this time. The success of the standard GOP strategy of offering no substantive ideas, only rhetoric, is unlikely if Obama hold firm, but their tactic must be exposed and attacked. Ratchet up the pressure and blame on the GOP...over and over...until they cave in public." I see no redeeming value in a person so degenerate that he would destroy the country in order to embarrass & humiliate the "loyal opposition". But, it is Chicago style politics and we should expect it. As I have said before, America is Dead Man Walking, and this attitude is the reason why. |
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anomalocaris 02-Dec-12, 19:31 |
No softy |
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anomalocaris 02-Dec-12, 20:08 |
and |
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Stinky ... |
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anomalocaris 02-Dec-12, 20:15 |
What would compromise look like? If they must go over the fiscal cliff (which we know if bad for American people) so be it. It matters not that the people suffer as long as we blame the republicans for it. After all its about political opportunity at every chance, even if people suffer. |
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Stinky ... There are a lot of ways to compromise. My list? Leaving room for further negotiation, I would: 1. Increase social security threshold age by one year. Social Security is not in jeopardy, but this would go a long way to stabilizing it for decades to come. 2. Elevate the salary cap for paying Medicare premiums to, say, $200K or $300K. 3. Reduce defense spending by, say 8-12%. 4. Hire some better auditors to curtail fraud, corruption, and misuse within gov't programs; then, hold more of the more conspicuous offenders accountable publicly. 5. Return to the personal taxation levels of the 1990s. Remember how well we all were prospering under these tax codes? No need to jump off the cliff with the lemmings. What is unreasonable about these suggestions? And, do you believe these are loaded toward either the Dems or Reps? Finally, is there no merit from this Centrist pov? |
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anomalocaris 02-Dec-12, 20:32 |
chaz You and I cant actually do anything all we can do is discuss it with other posters. How do you suggest I compromise with DM on his desire to embarrass republicans? How do I compromise with a desire to hurt common Americans in order to blame republicans for political gain? |
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By Terence P. Jeffrey, November 30, 2012 (CNSNews.com) - House Minority Leader Nancy Pelosi (D-Calif.) said on Friday that Congress should hand over to President Barack Obama the power to unilateral increase the limit on the U.S. government's debt. In effect, under the plan Pelosi is endorsing, the only limit on the national debt would be President Obama's willingness to borrow money in the name of American taxpayers. At a Friday press conference, a reporter asked Pelosi if she agreed with a proposal made by Treasury Secretary Timothy Geithner that Congress give Obama the power to unilaterally increase the debt limit. "Yes," she said. The Constitution expressly gives the power to borrow money to Congress--not the president. Article 1, Section 8, Clause 2 says: "Congress shall have power ... To borrow money on the credit of the United States." When he met with members of Congress on Thursday to discuss a deal to avoid the so-called fiscal cliff that is set to occur at the end of this year, Secretary Geithner suggested that Congress give Obama the personal power as president to lift the legal limit on the federal government's debt. In keeping with its constitutional power to borrow money on the credit of the United States, Congress periodically enacts legislation authorizing the president, through the Treasury, to borrow money up to a certain set limit. Pursuant to a deal negotiated by Obama and House Speaker John Boehner in August 2011, Congress enacted legislation increasing the debt limit by $2.4 trillion to a maximum of $16.304 trillion In the 16 months since Congress gave the administration that $2.4 trillion in additional borrowing authority, the Treasury has almost exhausted all of it. As of the close of business Thursday, it had only another $110 billion left. |
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Stinky ... Regarding your point about what we can do (versus what we can talk about), of course you're correct to point out that you and I have very little clout among those who can make a difference. But that's not our purpose here ... there are many purposes, true ... after all, some just like to clown around, some like to fence or to put someone down, some like to be right 100% of the time, on and on. For me, I try to seek out a variety of opinions, to ask hard questions, to being respectful to those who are respectful to me ... ultimately with the purpose of learning. I do not tell people what they 'should' believe ... I do ask them to consider stuff (as they do me, and I do consider lots of stuff) ... and finally, I'm human and make mistakes (just like in my chessgames). I hope you accept my words with the meanings that were intended. |
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chaz Do you not understand the significance of what he wrote? He would throw the country into economic recession simply to embarrass the Republicans. And, you seem to be asking "how can Stinky and Softy compromise"? I'm not speaking for Stinky but if this weren't such a polite forum, I'd tell you how I'll compromise with that. You might want to consider, however, that when someone talks so unpatriotic about the USA, most Americans take offense at it. Americans are for the prosperity and betterment of American citizens, not for the destruction of America for their own benefit, amusement, or pleasure. |
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dmaestro 03-Dec-12, 06:54 |
That is hostage taking. And the GOP should pay the price including eating crow for defying the will of the people. On that issue the GOP must cave. Chaz has excellent suggestions for compromise on other matters. |
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Softy ... |
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chaz My complaint is that you say we aren't willing to compromise and offer no suggestions and yet you offer NO complaint against your fellow leftist who will destroy the country in order to gratify himself that Republican or TEA Party people get humiliated. I'm merely pointing out that once again you aren't centrist. I'm also pointing out the selfish, vengeful and destructive nature of dm. (other than that I'm sure he is a fine fellow) |
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dmaestro 03-Dec-12, 08:39 |
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dmaestro 03-Dec-12, 10:22 |
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dmaestro 03-Dec-12, 12:18 |
GOP to cave, vote present in protest? |
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We will go over the cliff because we have no leadership. We have children running the largest economy in the world. The country will be back in recession, with millions of lost jobs and closed companies. Our "leaders" do not have the sense to come in out of the rain, let alone get together and negotiate. But coming together and negotiating would be at the urging of the President, and he doesn't have the courtesy to even suggest it, let alone do it. That is NOT leadership. This President is a complete failure as a leader. But, that is because he has never been a leader or been put in that position before. With a history of voting "Present" on any notable bills that he had the opportunity to vote on, he showed the kind of leader he would become. Just nobody cared to notice. |
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dmaestro 03-Dec-12, 12:47 |
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dm We have entered the stage of the "Imperial Presidency" and King BO wants it his way, or the highway. He has told the Republicans what he wants, and that's it. He decrees that it be thus, and so it must! His ideas are so laughable that not even one Democrat would vote for his last budget. This will get very interesting as "President Failure" goes off on another vacation and lets the country slip down the tubes. As President he is responsible. It is happening on his watch. He has the power to make things happen. As the pain gets intense and people really begin to suffer and lose jobs, they will be blaming him, not an obscure Tea Party. |
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Softy ... I answered Stinky's questions and offered suggestion on topic. You said you agreed with them. Isn't that a point of compromise? Why must you seek such vengeance against Dm? Doesn't that say something about your intentions here? |
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chaz |
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dmaestro 03-Dec-12, 13:39 |
Negotiate on the other stuff. We are willing. But you righties have protected the rich from being properly taxed for a decade. Enough is enough! |
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anomalocaris 03-Dec-12, 18:56 |
Chaz |
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Stinky ... |
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anomalocaris 03-Dec-12, 19:17 |
Chaz Find me a single apology from DM in any post ever! I have seen softy apologize to you many times because thats what normal people do. DM is robotic and unapologetic. I don't know if you fear him or what but he is an a**hole. Things is, I expect him to be that way, hes not real to me almost like a character from a book. The fact you agree (a lot) with the most left person I have ever encountered blows my mind. |
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