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GOP Considers 'Doomsday' Fiscal Cliff Plan ("Becoming The Most Likely Scenario")
Newser ^ | Dec 3, 2012 12:54 PM CST | Kevin Spak, Newser Staff

Posted on 12/03/2012 12:53:06 PM PST by Red Steel

(Newser) – With fiscal cliff negotiations going, in John Boehner's words, "nowhere," Republicans are considering what ABC News correspondent Jon Karl calls a "doomsday" contingency plan. Under the plan—which Karl's sources say "is becoming the most likely scenario"—the House would approve extending the middle class Bush tax cuts, but would agree to absolutely nothing else before the holiday recess, leaving President Obama to face massive spending cuts and another debt ceiling showdown as soon as Congress returned.

In other fiscal cliff news:

Nancy Pelosi is threatening to use a maneuver called the "discharge petition" to bring the Senate's already-passed bill averting the cliff to the House floor whether Boehner likes it or not, CNN reports. Pelosi would then need to woo a handful of Republicans to her side to actually pass the bill.

Congressional veterans tell Reuters not to worry about the apparent gridlock; it's well-established that little gets done on Capitol Hill until just before the holiday recess. "The Congress doesn't work on the clock," one GOP senator observes. "It works on the calendar."

Boehner and Obama actually largely agree on the long-term portion of the deal, but they're miles apart on the short-term "down payment," the New York Times reports. Obama wants a large down payment paid for mostly with tax hikes on the wealthy; Republicans want a smaller one including entitlement cuts.

The Times also has a piece observing that Obama has toughened his negotiating posture, after a first term in which he seemed to constantly offer what he considered compromises, only to have Republicans reject them and demand more.


TOPICS: Front Page News
KEYWORDS:

1 posted on 12/03/2012 12:53:09 PM PST by Red Steel
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To: Red Steel

Here is Boehner’s counter to Obama.

http://confoundedinterest.wordpress.com/2012/12/03/boehners-counter-proposal-on-the-fiscal-cliff-800-billion-in-new-revenue-spending-cut-of-1-2-trillion/


2 posted on 12/03/2012 12:54:10 PM PST by whitedog57
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To: Red Steel
"a first term in which he seemed to constantly offer what he considered compromises, only to have Republicans reject them and demand more"

Because we all know 0bambi is a moderate conciliator.

3 posted on 12/03/2012 1:00:20 PM PST by Uncle Miltie (Working is for suckers.)
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To: whitedog57

HORRIBLE deal.

Our party gets creamated by raising taxes.We lose the House(Obama’s plan)
Obama EO’s spending on a weekly basis.

Here is the deal.

1 TRILLION in spending cuts this year.


4 posted on 12/03/2012 1:01:05 PM PST by stephenjohnbanker
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To: Red Steel

This is fine as long as the GOP gives nothing, not even a Continuing Resolution.

Shut ‘er down!


5 posted on 12/03/2012 1:01:44 PM PST by tobyhill
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To: Red Steel
The Times also has a piece observing that Obama has toughened his negotiating posture, after a first term in which he seemed to constantly offer what he considered compromises, only to have Republicans reject them and demand more.

WHAT?! The first two years of Obama's FIRST TERM didn't need a single Republican vote for anything!
6 posted on 12/03/2012 1:02:36 PM PST by Eagle of Liberty (Be the Enemy Within the Enemy Within...)
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To: Red Steel

House Republicans should simply vote ‘present’ and walk away. Let the democrats own all of it.


7 posted on 12/03/2012 1:05:51 PM PST by Gator113 (**WHO in the hell gave the damn order to NOT rescue our men in Benghazi?**)
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To: Red Steel

No matter how you slice it, we’re screwed.

How do you want to die?


8 posted on 12/03/2012 1:15:38 PM PST by Tzimisce (What do you do when every every branch of the government is corrupt and aligned against you?)
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To: Red Steel

“Nancy Pelosi is threatening to use a maneuver called the “discharge petition” to bring the Senate’s already-passed bill averting the cliff to the House floor whether Boehner likes it or not, CNN reports. Pelosi would then need to woo a handful of Republicans to her side to actually pass the bill.”

We will soon learn if Boehner has any control or any attachments.

If he can’t stop this, I am hoping he will be voted out of power by the Republicans. A few “defectors” can’t stop that from happening.


9 posted on 12/03/2012 1:22:25 PM PST by I cannot think of a name
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To: tobyhill

There is a law already on the books, signed by no less that the Current Occupant himself, that came out of the deal to raise the debt limit back in 2011. The tax rates revert to the level of those which were in place BEFORE the so-called “Bush tax cuts” were enacted, which effectively cut the tax rate on ALL taxpayers, in capital gains, in dividend income, and in steps, even the death taxes on inheritances. The Alternative Minimum Tax was also put on ice, for those who had such sources of income that were not normally subject to taxation.

In addition, the sequestration of federal spending was also written into the rules, the biggest meat axe to be taken to the military, but commensurate cuts also to the “social network” spending, i.e., Social Security, Medicare, Medicaid, food stamps, Section 8 rent subsidies, and various food and service distribution plans targeted at inner cities and pockets of poverty across the US.

The effective rate paid by the employee on FICA payroll taxes reverts to 7.65% from its (supposed to be temporary) current 5.65% of the wage earner’s gross pay.

The tax increases on the lower brackets will bring in something like FOUR TIMES as much revenue as the proposed tax hikes on only the top two tax rate brackets.

I just don’t see a downside, if revenue enhancement is the objective. Of course, every bit of revenue that is so enhanced, comes at the expense of productivity and take-home pay, but, you can’t make an omelet with breaking a few eggs, now can you?

Even if they are the nest eggs.


10 posted on 12/03/2012 1:25:04 PM PST by alloysteel (Bronco Bama - the cowboy who whooped up and widened the stampede.)
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To: Tzimisce

Yep.

But before I die, I want to see the GOP.

I am not interested in cuts in growth rates over 10 years or 6 years or 2 years or 5 minutes.

Even exchange, nothing else.

I am so sick of these ****ing republican loser ass b*tches I could throw up.


11 posted on 12/03/2012 1:25:50 PM PST by chris37 (Heartless.)
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To: chris37

Whoops I meant to say see the GOP die...DIEDIEDIEDIEDIE!

There is no purpose to their existence whatsoever.


12 posted on 12/03/2012 1:27:45 PM PST by chris37 (Heartless.)
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To: Gator113

Why is it the first cut is always the elderly. I can think of many other areas to cut before going after old people.


13 posted on 12/03/2012 1:28:12 PM PST by Orange1998 (Please DO NOT PRESS CTRL W)
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To: Red Steel

Boehner is an emasculated sissy boy. NEVER put any man into power who has a penchant for tanning salons. Maybe THAT is why 0bamacare puts a 10% tax on tanning salons. Or could just be a racist tax against white people since browns and blacks don’t go there.


14 posted on 12/03/2012 1:30:34 PM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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To: Red Steel

Let’s all hold hands. We jump on the count of three....

But First, let’s sing.....

Kumbaya,...My Lord. Kumbaya.....


15 posted on 12/03/2012 1:31:46 PM PST by Tenacious 1 (The Click-&-Paste Media exists & works in Utopia, riding unicorns & sniffing pixy dust.)
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To: I cannot think of a name

aren’t money bills supposed to originate in the House?


16 posted on 12/03/2012 1:32:10 PM PST by GeronL (http://asspos.blogspot.com)
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To: Red Steel

We are going to need to rename the GOP.

GOS - Grand Old Spelunkers.

We are in the business of Caving!!!!!


17 posted on 12/03/2012 1:33:52 PM PST by Tenacious 1 (The Click-&-Paste Media exists & works in Utopia, riding unicorns & sniffing pixy dust.)
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To: tobyhill

This is why Republicans lost Florida. The elderly was afraid of losing benefits. They will soon find out the cuts are coming no matter what. With all the wasteful spending I can’t see granny being the problem.


18 posted on 12/03/2012 1:35:09 PM PST by Orange1998 (Please DO NOT PRESS CTRL W)
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To: tobyhill

“Shut ‘er down!”

Raising taxes on the top two percent will only cover about 8 days of government spending. So, if we shut down the government for about 2 weeks, we will have saved enough money for the top 2% to continue the Bush tax rates, thereby avoiding lay-offs and economic contraction.


19 posted on 12/03/2012 1:37:41 PM PST by grumpygresh (Democrats delenda est; zero sera dans l'enfer bientot)
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To: Obama_Is_Sabotaging_America

Its really sad when you think about it.


20 posted on 12/03/2012 1:38:18 PM PST by Orange1998 (Please DO NOT PRESS CTRL W)
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To: alloysteel

That was my understanding: the cliff is simply sequestration come due. All or nothing. We shall see that Bush’s cuts weren’t just for the evil rich.


21 posted on 12/03/2012 1:38:37 PM PST by gloryblaze (Don't forget to donate and keep FR going strong!)
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To: Tzimisce

“How do you want to die?”

Benign neglect.


22 posted on 12/03/2012 1:43:09 PM PST by ctdonath2 ($1 meals: http://abuckaplate.blogspot.com)
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To: Orange1998

It upsets me too. Cutting those that have little to no chance of absorbing the cuts, much less recovering..... is a damn shame.


23 posted on 12/03/2012 1:46:56 PM PST by Gator113 (**WHO in the hell gave the damn order to NOT rescue our men in Benghazi?**)
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To: ctdonath2

” “How do you want to die?”

Benign neglect.”

Yeah..


24 posted on 12/03/2012 1:55:41 PM PST by stephenjohnbanker
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To: chris37

They’re pretty good at beating conservatives.


25 posted on 12/03/2012 1:55:50 PM PST by Tzimisce (What do you do when every every branch of the government is corrupt and aligned against you?)
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To: Red Steel

Current law will raise everyone’s taxes and cut defense spending and trigger a recession. Let O and the O voters live the dream. See if O can keep his jury rigged coalition together when the middle class has to pay taxes again after a 10 year respite. End the representation without taxation. Now.


26 posted on 12/03/2012 1:58:56 PM PST by major-pelham
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To: Red Steel

“little gets done on Capitol Hill until just before the holiday recess”

Two years ago those gutless wonders passed “Obamacare” on Christmas Eve.
But no worries. According to the Mayan calendar we only have 17 days to live.


27 posted on 12/03/2012 2:04:37 PM PST by tumblindice (America's founding fathers: All armed conservatives.)
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To: tumblindice
According to the Mayan calendar we only have 17 days to live.

Thanks. I may cancel next week's appointment with my dental hygienist.

28 posted on 12/03/2012 2:32:28 PM PST by Scoutmaster (You knew the job was dangerous when you took it)
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To: Red Steel

bump


29 posted on 12/03/2012 2:36:45 PM PST by what's up
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To: Red Steel

How can the House vote on a revenue bill which originated in the Senate?


30 posted on 12/03/2012 2:42:13 PM PST by Jim Noble (Diseases desperate grown are by desperate appliance relieved or not at all.)
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To: Red Steel
"(Newser) – With fiscal cliff negotiations going, in John Boehner's words, "nowhere," Republicans are considering what ABC News correspondent Jon Karl calls a "doomsday" contingency plan. Under the plan—which Karl's sources say "is becoming the most likely scenario"—the House would approve extending the middle class Bush tax cuts, but would agree to absolutely nothing else before the holiday recess, leaving President Obama to face massive spending cuts and another debt ceiling showdown as soon as Congress returned."

YES! YES! YES!

"Nancy Pelosi is threatening to use a maneuver called the "discharge petition" to bring the Senate's already-passed bill averting the cliff to the House floor whether Boehner likes it or not, CNN reports. Pelosi would then need to woo a handful of Republicans to her side to actually pass the bill."

Bwhahahahaa. S-&# it, Madame Fugly.

31 posted on 12/03/2012 2:43:44 PM PST by StAnDeliver (Own It.)
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To: Orange1998
Why is it the first cut is always the elderly.

The elderly aren't touched.

What is being discussed is cuts to Medicare to people UNDER 55.

And BTW...the first cut is not always the elderly. You forget..the elderly's lobbyists have brought us to this point where the elderly are taking the lionshare of the budget. They haven't been the first to get cut...they've been the first to grab Federal money.

32 posted on 12/03/2012 2:43:57 PM PST by what's up
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To: Tzimisce

“How do you want to die?”

On my feet.


33 posted on 12/03/2012 2:44:44 PM PST by Jim Noble (Diseases desperate grown are by desperate appliance relieved or not at all.)
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To: Orange1998
Why is it the first cut is always the elderly.

The elderly aren't touched.

What is being discussed is cuts to Medicare to people UNDER 55.

And BTW...the first cut is not always the elderly. You forget..the elderly's lobbyists have brought us to this point where the elderly are taking the lionshare of the budget. They haven't been the first to get cut...they've been the first to grab Federal money.

34 posted on 12/03/2012 2:45:21 PM PST by what's up
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To: Tzimisce
"No matter how you slice it, we’re screwed."

Take your meds...

35 posted on 12/03/2012 2:53:08 PM PST by StAnDeliver (Own It.)
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To: Tzimisce

Indeed they are, but that is because conservatives allow it to happen.


36 posted on 12/03/2012 3:14:02 PM PST by chris37 (Heartless.)
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To: Red Steel
Obama has toughened his negotiating posture

37 posted on 12/03/2012 3:16:38 PM PST by Lucky9teen (Peace is that brief glorious moment in history when everybody stands around reloading.~Thomas Jeffer)
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To: Red Steel

Please Republicans! Walk away from this pompous a$$ of a President and let this thing happen. Then “the Bush tax cuts” would finally and at last be history. From that time on, the Obamanation would have to put it’s own name on every damaging policy it pushes through or decees by Executive Order. If Republicans fold on this they can bend over and kiss themselves goodbye anyhow. They may as well be remembered for standing on their principles(or the ones they have left.)


38 posted on 12/03/2012 4:54:30 PM PST by Aleya2Fairlie
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To: Scoutmaster

“Thanks. I may cancel next week’s appointment with my dental hygienist. “

You want to die with dirty teeth? Gross.


39 posted on 12/03/2012 5:42:19 PM PST by HereInTheHeartland (Witty saying goes here...)
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To: Red Steel

!


40 posted on 12/03/2012 5:45:59 PM PST by skinkinthegrass (Anger a Conservative by telling a lie; Anger a Liberal by telling the truth....RWR 8-)
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To: I cannot think of a name
"voted out?"
the "(non)-boner" was re-affirmed as Speaker in late Nov.
before the new GOP house members are seated. :-( grrrrrr.

41 posted on 12/03/2012 5:53:27 PM PST by skinkinthegrass (Anger a Conservative by telling a lie; Anger a Liberal by telling the truth....RWR 8-)
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To: Red Steel
How is giving Obama WHAT HE WANTS a plan!?! Extending the "middle class tax cuts" without extending the tax cuts FOR THOSE WHO EMPLOY THE MIDDLE CLASS is exactly what Obama has wanted all along!

HOW IS CAVING A "PLAN"!?!

(...and this is the point where I stop typing before I get banned or accused of having Tourette's.)

42 posted on 12/03/2012 6:49:16 PM PST by Redcloak (Winter is coming.)
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To: Red Steel

Boehner has shown no ability or willingness to fight the traitorous Lib press. They will crucify him and the Repubs and Obama’s 80-IQ goons will cheer them on.


43 posted on 12/03/2012 7:49:33 PM PST by pabianice (washington, dc ..)
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To: Red Steel

Hey Republicans,

This isn’t complicated. Say ‘No’!


44 posted on 12/04/2012 12:56:38 AM PST by Dragonspirit (Always remember President Token won only by defecting on his CFR pledge.)
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To: what's up

“The elderly are not touched.”

The elderly have been creamed by the Bernanke, Bush II, Obama policies of using the Federal Reserve to artificially suppress interest rates in order to hold down the interest rate on the ballooning federal deficit. The self reliant retiree who could earn 6% on a safe, federally insured CD ladder at the beginning of the Bush II regime in 2001, now earns 1%. Or, had that same retiree invested in a conservative diversified portfolio of stock mutual funds in 2001, that retiree would have lost 50% of the savings in the 2008 market crash.

Whichever path the retiree took to invest savings in the private sector over the past decade, the real after tax and inflation return on savings was negative. A negative return on savings over a decade is not going to encourage people to be frugal nor will it give them faith in the private sector options for conservative savings. For many of the elderly, who paid into Social Security for 40 years and did accumulate enough savings for a self sufficient retirement the last decade has moved them from a comfortable middle class lifestyle to poverty. Add to that the bailouts of Wall Street speculators by the government, and the government shoveling money and free phones at third generation non working urban parasites and you call the elderly greedy?


45 posted on 12/04/2012 2:06:12 AM PST by Soul of the South
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To: Soul of the South
I was referring primarily to a poster's comment that the elderly's entitlements were the first to get cut.

I pointed out that the elderly won't be touched by such cuts; the reforms are only directed at those under 55.

I didn't comment on the interest rate realities. Only the entitlements. There's no denying that a major portion of entitlements (social security, Medicare) are retirement programs.

46 posted on 12/04/2012 11:30:34 AM PST by what's up
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To: what's up

I don’t know how old you are, but I do know how old I am. I first started putting $$$ into the Social Security and Medicare funds when I was only 15.

I put in plenty of money for over 50 years.

I paid my income taxes—as a single person for all but 4 years of all those tax returns. I was in the higher category—not married—no kids, etc. Earn $3 to bring home $2, was the mantra.

I haven’t used one single penny of Medicare.

I was promised my Social Security benefits and I live now on less than $1100 a month.

Reducing that money to people like myself is out and out fraud. I paid what was demanded into the fund. I didn’t steal the money out of the fund—the Democrats did.


47 posted on 12/04/2012 11:36:36 AM PST by ridesthemiles
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To: ridesthemiles
I'm 51 so I'm in the "limbo" zone (not young enough to plan again for retirement...not old enough to get all benefits).

Yet I still want Medicare reformed because if they don't do it it will go bankrupt for EVERYONE.

I'm OK with the voucher proposed by Ryan. I like the idea of being free to shop around for healthcare.

I don't know why you're worried about SS benefits. You will get those.

48 posted on 12/04/2012 12:31:19 PM PST by what's up
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