Showing posts with label cuts. Show all posts
Showing posts with label cuts. Show all posts

Monday, November 21, 2011

The Failure of the SuperCommittee is nothing less than the Failure of Obama to lead well.

It's payback time and Obama is making sure that he blames the GOP for the failure of the SuperCommittee. Now did you expect anything else? And Obama intends to veto any attempt to stop the automatic cuts that were the fallback position.

Okay, fair enough. A deal is a deal. I can support his veto. I don't like it, but I can support it because one's "yea should be yea, and one's no should mean no." But this unadulterated bias and garbage about blaming the Republicans is not appropriate for a President who agreed to the Committee in the first place. He forgets the GOP control the House by more than the Dems control the Senate.

He also conveniently seems to ignore even CNN polls that say Americans are siding with the GOP on both spending cuts and tax increases -- they're for the cuts and against the increases. But Obama is not hearing that. It goes in the face of his desire to blame the GOP.

And while we're at it, let me point out how convenient the future military defense cuts will be to what seems to look like plans to hand America, like a Butterball, over to the terrorists on a silver Thanksgiving platter.

The failure of the SuperCommittee is nothing less than the incredible failure of the current American President to lead America well.  It is a blatant call to either impeach him now or throw him out in November 2012.  Are we listening?

Obama: 'I Will Veto Any Effort' to Undo Automatic Cuts - George E. Condon Jr. - NationalJournal.com

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Saturday, November 12, 2011

Remember the US Super Committee? It's Likely a Dud, and Obama is Washing His Hands Of It just to be safe.

Here's the latest on the congressional Super Committee that needs to report by November 23rd or preset budget cuts come into play. The down side is that the defense budget will be cut drastically. But then most Americans are convinced that is exactly what the Pot-US wants. Take a look.

Obama To Super Committee: Get It Done, But I'm Outta Here

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Sunday, October 02, 2011

Remember the Congress SuperCommittee? It Can't Even Agree on How to Start.

Did the light bulb-heads (that's light as in 'not heavy', not as in 'source of illumination') in Congress really think they were solving something by coming up with a Super Committee to deal with increased taxes and decreased spending?

The truth is they were only stalling -- but goodness knows what for. This Committee can't even decide on "how" to start working. The deadline is around the corner. Watch this space for more 'developments' . . . for a lack of a better word.  You'll love the article in the link below.

Where there is no god-given Vision, the Committees will perish and take the people with them. (Wait, SOME of that sounds familiar -- at least it should to Christians.)

Exclusive: Democrats push tax hikes first in deficit talks | Reuters

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Sunday, September 11, 2011

Why There's a Bigger Political Storm Ahead Than We'd Like.

You have to read between the lines. The "Jobs" Act is not going to "Work". Funny how that is. A great interview with Eric Cantor, House Majority Leader by Sean Hannity -- yes, he's from Fox.

Cantor: Obama's 'All or Nothing' Approach to Jobs Bill Not the Way to Go - Interviews - Hannity - Fox News

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Sunday, July 31, 2011

Summary of New U.S. Deal on Debt Negotiations as we know them now.

Here are the highlights as I understand them:

  1. Raise debt ceiling provisions through to end of 2012 as required, but most subject to deliberations of the congressional committee on spending cuts.
  2. Cut deficit immediately by $917 Billion.
  3. Cut deficit over next 10 years by a total of $18 Trillion by means to be proposed by the bipartisan congressional committee.
  4. This Committee must use current law(s) which includes expiration of all Bush tax cuts in 2013 for rich and a 50% reduction in the $1,000 child credit, and no adjustment to the Alternative Minimum Tax.
  5. If this Committee fails to agree on spending cuts by Thanksgiving for up to $1.5 Trillion, then $1.2 Trillion cuts will trigger automatically -- 1/2 to come from cuts in defense spending, and the rest primarily from non-defense discretionary spending, and some of it from entitlement program spending.
  6. Any cuts to Medicare that may be triggered will only impact the Providers and not the public who use the program.
  7. There is no tax reform mandatory in the deal, or for the Committee to consider.
  8. There is no net new revenue that will be considered.
  9. It is agreed that B.O. will veto an extension of the Bush tax cuts (see above) for those families earning more than $250,000 a year unless there is elimination of current tax subsidies.
The deal as it stands above is very similar to Boehner's last plan he put forward and the House passed.  Clearly, even CNN is admitting that the Republicans got almost all they wanted and the Democrats got very little of anything they wanted except that the ceiling was raised to prevent default.

Still needs to pass the House and the Senate.  As I write this, we have no idea of where Pelosi, who has supposedly agreed to this, really stands.



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Latest Details We Have on the New Debt Deal

Here are the details. They need a lot of studying. Rather than summarize them for you now, I'll just let you go to them and we'll summarize later. Here you go . . .

Boehner Pitches New Debt Deal Details to GOP - Major Garrett - NationalJournal.com



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Friday, January 28, 2011

Respected Journalist says B.O. Deaf on debt, ignores American people

Here's a well-worth analysis. Do the American people really want debt-reductions via cuts or are they just saying they do?

Deaf on debt: Returning to old liberal ideas, President Obama ignores the American people



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Thursday, January 13, 2011

The People Have Spoken ON Debt, But Is It Doable

The U.S. can and must cut its debt -- the people (71% of them) say so. But the cut will have to come at a cost -- a cost of services. Will the powers that be, be able to agree on those cuts?  And if they do, how will the people react? It's a tough game that has to be played in Washington this year.

Poll: 71% of Americans oppose raising the debt ceiling � Hot Air


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