Showing posts with label Fiscal Cliff. Show all posts
Showing posts with label Fiscal Cliff. Show all posts

Friday, December 7, 2012

Republicans Show Us EXACTLY why they should not be in charge

The 2012 election came and went and THANK G-D that not did Mitt Romney not win, BUT, that the Democrats picked up two seats in the Senate as well as eight seats in the house. As we approach the "fiscal cliff" (which really is an over-hyped by both sides term), we get to watch the Republicans show why they truly are the party of C.Montgomery Burns (the cartoon villain on the Simpsons) come to life.

The fact of the matter is that Republicans cannot seem to get their act together no matter what. HERE is example No. # 1 - Mitch McConnell actually FILIBUSTERING HIMSELF. 

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Just watch and listen to what the Senators are saying. They are flabbergasted that McConnell would do this, but, even more flabbergasted that the Republicans are going along with it. This, coming a week after Republicans voted against the U.S. supporting the U.N. treaty on disabled persons. It's incredible, that this clown show now known as the Republican Party has even a modicum of support from anyone. I mean, can one imagine if these people had been put in charge of the White House and the Senate? Holy Moly.... I don't think I would trust these people to wash my car, much less run the most powerful nation on the face of the Earth. It is incredible.

They simply cannot figure out how to govern. It has gotten so bad for them that Rand Paul, (R-Aqua Buddha and son of crazy person Ron Paul) has come up with this gem:
"I have yet another thought on how we can fix this. Why don't we let the Democrats pass whatever they want? ... All the Republicans vote present and let the Democrats raise taxes as high as they want to raise them ... and then make them own the tax increase. And when the economy stalls, when the economy sputters, when people lose their jobs, they know which party to blame."
Now personally, I think this is a great idea. Let's give the President's ideas a chance. Maintenance of the Middle Class Tax cut, coupled with some reasonable Defense Cuts, Real Tax Reform (like eliminating loopholes for companies that ship jobs overseas, or for private corporate jets to name a few) and effective reform like the Affordable Care Act -sure...I am all in favor of that and apparently so are the American people who delivered the President a landslide victory in the Electoral College and a solid four point win 51% - 47% win in the popular vote (OH.. the irony of that 47% number).

I mean here are the numbers on this:
"This is only the second time in Amore than three years that President Obama has broken 50 percent. And voters see Republicans as more likely to be obstructionist, and have less confidence in their ability to come up with the right solution to the nation's financial woes."

American voters say 56 - 38 percent that Obama and congressional Democrats will make a good faith effort to cooperate with congressional Republicans on important issues. By 51 - 43 percent, voters say congressional Republicans will not act in good faith.
So sure... Rand let's do this. Let's give the American people what they want and what we voted for. Take a shot at it. It might actually show that the Republican Party actually stands in support of their country rather than furthering their party.

So how do the Republicans respond.... They seem to be running around like Chickens with their heads cut off. They can't seem to figure out what to do and simply won't accept the data that the election gave them. I mean here is VP nominee Paul Ryan on NOT raising taxes on the wealthy . And as an added bonus goes on to talk about how President Obama really does not have a mandate, despite the fact that he won by 4% of the general populace (and got 51% of the vote), by over 100 electoral votes, the Democrats picked up two seats in the Senate, and Eight seats in a heavily Gerrymandered house (where the Dems. actually got more votes total in the house than Republicans).

As a party, they are simply not fit to lead this country anywhere. So all I can say is thank goodness that these jokers lost the election. America and the world are far better off for it.

Monday, December 3, 2012

Republican Counter Offer on Fiscal Cliff: "Like a Christmas wish list written by kids without access to calculators"

AHAHAHAHA... this is too funny.

Writing at Rachel Maddow's Blog, Steve Benen nails the Republicans as they try to drive the nation off "the fiscal cliff" all so that the wealthiest Americans will not see their incomes after the first $ 250,000 be taxed by a mere 3% more. The greed we are witnessing here is incredible. As Benen writes:

"So, what's the pitch? Under this proposal, Republicans would keep all of the Bush-era tax rates, but accept $800 billion in new revenue. How? Through "through pro-growth tax reform that closes special-interest loopholes and deductions while lowering rates." 

From there, the GOP leaders want to cut $600 billion from Medicare and Medicaid; cut $300 billion from mandatory programs; cut $200 billion by changing the consumer price index; and then cut another $300 billion in further discretionary spending.

To call this a "counteroffer" is to strip the word of meaning. Under the GOP plan, Republicans get the more than $1 trillion in spending cuts Obama already gave them; Republicans get the entitlement cuts they want; Republicans get hundreds of billions of dollars in additional cuts to programs they haven't identified; and Republicans get all of the Bush-era tax rates they've prioritized.

This isn't a "counteroffer"; it's a Christmas wish list written by kids without access to calculators."
And he is right. The loopholes that the Republicans are talking about would actually more deeply impact the Middle Class than the wealthy.

President Obama is right here to dismiss the Republican offer and it's silliness. It's nothing but a way to screw the poorer end of our society so that Rich can enjoy an ever widening income gap.

Paul Krugman over at the NY Times does a great job breaking this down further.
Here’s where we are right now: As his opening bid in negotiations, Mr. Obama has proposed raising about $1.6 trillion in additional revenue over the next decade, with the majority coming from letting the high-end Bush tax cuts expire and the rest from measures to limit tax deductions. He would also cut spending by about $400 billion, through such measures as giving Medicare the ability to bargain for lower drug prices. 
 So what are Republicans offering as an alternative? They say they want to rely mainly on spending cuts instead. Which spending cuts? Ah, that’s a mystery. In fact, until late last week, as far as I can tell, no leading Republican had been willing to say anything specific at all about how spending should be cut.

The veil lifted a bit when Senator Mitch McConnell, in an interview with The Wall Street Journal, finally mentioned a few things — raising the Medicare eligibility age, increasing Medicare premiums for high-income beneficiaries and changing the inflation adjustment for Social Security. But it’s not clear whether these represent an official negotiating position — and in any case, the arithmetic just doesn’t work. 

Start with raising the Medicare age. This is, as I’ve argued in the past, a terrible policy idea. But even aside from that, it’s just not a big money saver, largely because 65- and 66-year-olds have much lower health costs than the average Medicare recipient. When the Congressional Budget Office analyzed the likely fiscal effects of a rise in the eligibility age, it found that it would save only $113 billion over the next decade and have little effect on the longer-run trajectory of Medicare costs. 

Increasing premiums for the affluent would yield even less; a 2010 study by the budget office put the 10-year savings at only about $20 billion. 

Changing the inflation adjustment for Social Security would save a bit more — by my estimate, about $185 billion over the next decade. But put it all together, and the things Mr. McConnell was talking about would amount to only a bit over $300 billion in budget savings — a fifth of what Mr. Obama proposes in revenue gains.
In the end the Mitt Romney and the Republicans ran on a platform dedicated to screwing Middle Class and poorer Americans financially, and sacrificing them on some Randian alter of trickle down theory in hopes of maintaining their core constituency's sense of entitlement. It wasn't the Democrats running on giving things away, (as Mitt claimed) it was the Republicans who ran on giving out whatever their big business backers asked for.

In my mind what is best here is that the President learned from his mistakes of the previous years (and the disastrous debt ceiling negotiations of last year). He is taking the "fight" outside of the Beltway and directly to the American People, and bless him for that. The American people need to see just how the Republicans will do just about anything so that the 2% doesn't have to pay one dime more in taxes and they don't care who they take down.

I know that my vote for President Obama was a good vote and I feel a lot better seeing this and knowing that if the President sticks to this, America is truly on it's way back.