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A ‘fiscal cliff’ deal is near: Here are the details
Washington Post - Wonkblog ^ | 17 Dec 12 | Erza Klein

Posted on 12/17/2012 2:11:44 PM PST by SkyPilot

Edited on 12/17/2012 2:34:13 PM PST by Admin Moderator. [history]

All at once, a “fiscal cliff” deal seems to be coming together. Speaker John Boehner’s latest offer doesn’t go quite far enough for the White House to agree, but it goes far enough that many think they can see the agreement taking shape.


(Excerpt) Read more at washingtonpost.com ...


TOPICS: Breaking News; Government
KEYWORDS: boehner; deal; entitlements; fireboehner; fiscalcliff; fiscalcliffdeal; taxes
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Remember - I am the messenger.

Looks like:

- Raise the debt ceiling for a year

- Hints at lowering COLA for SS and pensions

- Vague entitlement "reform" - Payroll tax stays

- Tax raise rise for folks somewhere between $250 and $1 million a year; I would guess in between there

1 posted on 12/17/2012 2:11:48 PM PST by SkyPilot
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To: All
On the spending side, the Democrats’ headline concession will be accepting chained-CPI, which is to say, accepting a cut to Social Security benefits. Beyond that, the negotiators will agree to targets for spending cuts.

Also, our perpetual madness to pay people not to work (the Endless Unemployment Check) will continue.

Looks like raising the age for Medicare, Medicaid, Social Security is out (it will be "discussed" in the future.....yeah right)

2 posted on 12/17/2012 2:14:30 PM PST by SkyPilot
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To: SkyPilot

lets say all of this goes thru - what does it actually accomplish? NOTHING BUT CASH CONFISCATION


3 posted on 12/17/2012 2:15:58 PM PST by frogjerk (Obama Claus is coming to town!)
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To: All
Remember, this the Washington Post Wonkblog, not a news release. However, I believe this info is real.

Looks like a deal will be stuck very soon.

As is always the case, the negotiations could fall apart, or the deal could change. But right now, the participants sound upbeat, surprised at how quickly the process has moved from evident disaster to near-agreement, and fairly comfortable with where they think they’ll end up.

4 posted on 12/17/2012 2:15:58 PM PST by SkyPilot
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To: SkyPilot

I don’t like the body language in that picture. The Won is looking too smug, and Boner is looking beat.


5 posted on 12/17/2012 2:17:04 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: frogjerk

It’s pretty much everything Obama wanted.

That Boehner! What a negotiator!! I’m not sure we got a darn thing out of this little deal.


6 posted on 12/17/2012 2:18:43 PM PST by ClearCase_guy (Republicans have made themselves useless, toothless, and clueless.)
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To: SkyPilot

7 posted on 12/17/2012 2:19:35 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: SkyPilot

I’m missing the spending cuts part...or is the concept of lowering COLA’s on SS recipients it?


8 posted on 12/17/2012 2:19:38 PM PST by pgkdan (We are witnessing the modern sack of Rome. The barbarians have taken over.)
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To: SkyPilot

The important thing is that Boner gets to play golf with the pResident so they can have some “alone time” behind the bushes on the back nine.


9 posted on 12/17/2012 2:19:38 PM PST by E. Pluribus Unum ("The more numerous the laws, the more corrupt the state." - Cornelius Tacitus, Roman Senator)
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To: frogjerk
The antichrist cannot achieve his goal of world economic slavery without removing freedom on a world wide scale.

You cannot have freedom without economic freedom.

Today, the US Govt is a big ATM machine. Over 70% of all expenditures are on Entitlements.

People want "their check." That goes for many Republicans as well.

Don't believe me? Try debating entitlements here for a few hours and watch the glass fly.

10 posted on 12/17/2012 2:19:49 PM PST by SkyPilot
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To: Eleutheria5

Boehner looks distant and detached. He looks almost drunk, but he does not appear happy. He looks like someone who’s just made a deal with the devil. His conscience will never be clear, but for his mortal life, the Won will make sure he’s taken care of.

This makes me sick.

Let’s also remember that it’s only a matter of time before our debt rating is reassessed. Moodys and others will likely dump us from AA to A or lower if these shenanigans continue.


11 posted on 12/17/2012 2:20:10 PM PST by rarestia (It's time to water the Tree of Liberty.)
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To: SkyPilot

Word is that this is leaked from the White House, but that the left wing has not signed off yet. Still have to get Nancy pelosi on board


12 posted on 12/17/2012 2:20:10 PM PST by babble-on
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To: ClearCase_guy
It’s pretty much everything Obama wanted.

No, he wanted the payroll tax extended.

And I doubt he wanted SS or pension reform.

13 posted on 12/17/2012 2:20:38 PM PST by what's up
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To: Eleutheria5

14 posted on 12/17/2012 2:20:48 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: Eleutheria5
I don’t like the body language in that picture. The Won is looking too smug, and Boner is looking beat

Well, if the article is to be believed that's just about right.

15 posted on 12/17/2012 2:21:02 PM PST by pgkdan (We are witnessing the modern sack of Rome. The barbarians have taken over.)
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To: Eleutheria5

Boner always look either beat or about to break out in tears. There has to be something wrong with his emotional state. I don’t think I have ever seen a man look so weak so much of the time.


16 posted on 12/17/2012 2:21:32 PM PST by Gadsden1st
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To: SkyPilot
Remember - I am the messenger.

No! We understand that Bush isn't available so we hold you to blame!

(I'm resigned to the fact that there ain't gonna be anything but bad news on the "fiscal cliff")

17 posted on 12/17/2012 2:21:32 PM PST by rockrr (Everything is different now...)
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To: Eleutheria5
The Won is looking too smug, and Boner is looking beat.

His closet must be chock full of skeletons. That's all I can figure.

18 posted on 12/17/2012 2:22:18 PM PST by houeto (https://secure.freerepublic.com/donate/)
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To: pgkdan
I’m missing the spending cuts part...or is the concept of lowering COLA’s on SS recipients it?

That looks like part of it. Also, some pensions (Federal and Military I believe) are tied to the SS COLA, so they will "project" savings there.

There may be more there.....but the devil is in the details.

I have read that in the last few days, Bath House Barry has become concerned that the recession that would break in January would be too great a risk to him. It was said he was "enjoying" watching the Republicans squirm, but I guess he has had his fun.

19 posted on 12/17/2012 2:23:08 PM PST by SkyPilot
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To: rockrr

LOL! And yes, I am pessimistic with you.


20 posted on 12/17/2012 2:23:54 PM PST by SkyPilot
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To: rarestia
The photo is from several weeks ago. That's the only photo the MSM prints. There's nothing more recent because Obama and Boehner haven't met since then (except for today's meeting for which there are no photos).

This one is a snapshot in time. They just wanted to get the millisecond in the meeting which portrayed Obama as in command.

21 posted on 12/17/2012 2:24:07 PM PST by what's up
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To: Gadsden1st
Boner always look either beat or about to break out in tears.

This is because this is the only kind of photo the MSM will ever publish of him.

22 posted on 12/17/2012 2:25:33 PM PST by what's up
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To: Eleutheria5

He looks beat because he was up all night consulting with his longtime adviser, Jack Daniels.


23 posted on 12/17/2012 2:27:05 PM PST by bimboeruption (Clinging to my Bible and my HK.)
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To: SkyPilot

Buffet wants the abolisment of the inheritance tax exemption. Why? buffet sells death tax insurance.


24 posted on 12/17/2012 2:29:03 PM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: rarestia
That photograph is from 10-12 days ago. When it first came out, I agreed that Boehner looked drunk or hungover as well.

There are no photographs of the two sides released to the press from today. That is another reason why I believe the deal is basically done. When things get quiet, and the leaks stop, then you know people are under orders to wait and not leak. Why?

Because you will (as a lower level aid) get your A$$ handed to you if you leak too much when a deal is almost done. The Big Boys want the credit. The two sides will NEVER hold a joint press conference on something like this. That is reserved for war time or when Washington wants to present a "united front" to the world. No, in this case there will be two press conferences.

One by the Republicans (claiming victory) and one by the Democrats (claiming victory).

HOWEVER - because this deal has things in it both sides hate, expect muted enthusiasm.

It also has to be voted on. But, once the public buys off on it, they votes will be there.

25 posted on 12/17/2012 2:29:50 PM PST by SkyPilot
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To: SkyPilot
They're going to take our money AND our freedom.

Isn't Obamaland great?
26 posted on 12/17/2012 2:30:08 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: Eleutheria5

“The Won is looking too smug, and Boner is looking beat”
or
Won beat Boner

sorry


27 posted on 12/17/2012 2:33:23 PM PST by alphadog (2nd Bn. 3rd Marines, Vietnam, class of 68)
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To: SkyPilot

I’ve always said when/if SS had to be trimmed (or cut, or reduced, or COLA reduced - pick your term), it should be when a Dem is president so they should have to take the heat. Back when Bush tried any SS reform back in 05, he had his head handed to him.

When something bad has to be done, make the other side take the heat for it.


28 posted on 12/17/2012 2:35:50 PM PST by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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To: SkyPilot

So Obama gets what he wants (taxing the rich more and keeping tax cuts for the middle class) and the Reps take the blame for reducing benefits to old people and future retirees. Such a deal. The Dems will use this in 2014 to get back control of the House. Such a deal.


29 posted on 12/17/2012 2:37:16 PM PST by kabar
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To: Eleutheria5

The words of Charlton Heston in TPOTA after regaining his voice come to mind....

30 posted on 12/17/2012 2:38:47 PM PST by mikrofon (That's awful .... CH was one of those "gun fanatics" /s)
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To: frogjerk
This all sounds vaguely like business as usual in Washington. Tax increases locked in. Cuts to be ‘discussed’ somewhere down the line. So we avert the fiscal cliff frying pan, only to be thrown into the financial Armageddon fire.
31 posted on 12/17/2012 2:44:50 PM PST by fhayek
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To: SkyPilot

Have we built the border fence yet that the Democrats promised Reagan in exchange for his amnesty for illegals?


32 posted on 12/17/2012 2:47:30 PM PST by Obama_Is_Sabotaging_America (IMPEACH OBAMA)
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To: SkyPilot

” Hints at lowering COLA for SS and pensions”

***

Might as well not pay the cost of living at all. Just received a notice from SS that COLA will go up 1.7%. Big whup! Meanwhile, my Medicare supplement premium is going up 15%.


33 posted on 12/17/2012 2:48:39 PM PST by fatnotlazy
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To: babble-on

If the deal is as reported here, the Left is going to throw a major tantrum and will never accept.

- No increase in rates, only closing loopholes
- Eeeeevil Rich does not start at $250K
- Cuts in SS/Medicare are a non-starter

Unless he can head fake them all by cramming through some sort of gun control measure Barry’s got trouble to his left on this.


34 posted on 12/17/2012 2:52:20 PM PST by Buckeye McFrog
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To: SkyPilot
But what negotiation has nobama been involved in? What concessions has he agreed to?

NONE!!

Boehner is just caving big time. Completely disgusting!!

35 posted on 12/17/2012 2:54:11 PM PST by upchuck (America's at an awkward stage. Too late to work within the system, too early to shoot the bastards.)
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To: SkyPilot

Setting the stage for the next act, the end of the 2nd amendment.


36 posted on 12/17/2012 2:54:32 PM PST by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: fatnotlazy
Just received a notice from SS that COLA will go up 1.7%. Big whup! Meanwhile, my Medicare supplement premium is going up 15%.

In order to "give" away "FREE" health care for all of Obama's do-nothings, everyone's health care premiums are going up.

My sister-in-law is a big atheist liberal, who was shocked that her own health care coverage was skyrocketing. Amazing.

My TRICARE premiums are up more than 15%, and will probably quadruple in the next five years.

37 posted on 12/17/2012 2:54:42 PM PST by SkyPilot
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To: SkyPilot

What tripe. Just go over the fiscal cliff and save several hundred thousand people in the middle East, and protect the People from an out of control government at home, that cannot hurt people if it hasn’t got the money to do so.


38 posted on 12/17/2012 2:57:33 PM PST by Candor7 (Obama fascism article:(http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html))
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To: Buckeye McFrog

Unless he can head fake them all by cramming through some sort of gun control measure Barry’s got trouble to his left on this.


Amnesty is next. I expect a big roll out during the SOTU. The kenyan just leads Boehner from one crisis to the next.


39 posted on 12/17/2012 2:57:48 PM PST by lodi90
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To: SkyPilot

http://legalinsurrection.com/2012/12/emerging-fiscal-cliff-deal-in-two-words/


40 posted on 12/17/2012 2:59:11 PM PST by Perdogg (Rep. Tom McClintock (R-CA4) for President 2016)
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To: SkyPilot
My sister-in-law is a big atheist liberal, who was shocked that her own health care coverage was skyrocketing. Amazing.
My TRICARE premiums are up more than 15%, and will probably quadruple in the next five years.


In five years the public will be screaming bloody murder for the Government to "do something". And the "something" will be Single Payer. All by design.


41 posted on 12/17/2012 2:59:52 PM PST by Buckeye McFrog
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To: Buckeye McFrog
- No increase in rates, only closing loopholes

There is a rate increase coming, according to the blog leak.

Boehner offered a rate increase at those households making over $1 Million a year. I bet the compromise will be $500K for households.

The Speaker knows this screws small businesses, but the GOP lost the fall elections. Right now, we have no momentum, no public mandate, we don't have the Senate, we don't have the White House, and we don't have the rest of the Executive branch agencies (FBI, DoD, Justice, Labor Dept, etc).

There won't be any "cuts" to SS/Medicare. They are proposing to slow COLAs by tying the pittance of COLA increases to another index. They play these games now anyway! There was a long time where SS recipients didn't get a COLA for 2 years. The Govt said it was "because there isn't any inflation." I am not joking.

42 posted on 12/17/2012 3:00:16 PM PST by SkyPilot
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To: mikrofon

You mean where he says, “It’s a mad house! A mad house!”

right? lol


43 posted on 12/17/2012 3:01:03 PM PST by rockrr (Everything is different now...)
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To: Eleutheria5
I don’t like the body language in that picture. The Won is looking too smug, and Boner is looking beat.

But...isn't that always the way it is (except when Boehner is being wined, dined, and flattered).

Bribed or blackmailed?

Fire Boehner. It's hard to imagine any one worse for the job.

44 posted on 12/17/2012 3:04:14 PM PST by thouworm (.)
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To: kabar
So Obama gets what he wants (taxing the rich more and keeping tax cuts for the middle class) and the Reps take the blame for reducing benefits to old people and future retirees. Such a deal. The Dems will use this in 2014 to get back control of the House. Such a deal.

That exactly what it looks like to me too.

See post 33:

Might as well not pay the cost of living at all. Just received a notice from SS that COLA will go up 1.7%. Big whup! Meanwhile, my Medicare supplement premium is going up 15%.

Meanwhile, what is the REAL inflation in the cost of living?

45 posted on 12/17/2012 3:06:24 PM PST by thouworm (.)
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To: fatnotlazy
Might as well not pay the cost of living at all. Just received a notice from SS that COLA will go up 1.7%. Big whup! Meanwhile, my Medicare supplement premium is going up 15%.

No, COLA is a big deal and one that will cause lots of heartburn for the Reps. No doubt the COLA will be set at some graduated scale affecting those with higher pensions more. It will cause a compression of SS benefits over time.

As someone who has a high federal pension and a small SS penison and been retired for 14 years, this will have a major impact on me depending on what is decided. Over the past 14 years I have seen my federal pension go from 81K to 110K due to COLA increases. And the 1.7% increase that came into effect on Dec 1 and will be in my January payment will add $1,870 a year to my annual pension and $156 to my monthly payment. It will more than cover my increase costs for Medicare Part B.

The Reps are going to be blamed for this reduction in benefits and the Dems will vote against it in the House making the Reps own it. In the Senate, those Dems running for reelection in 2014 will vote against it.

If this is the deal, the Dems will regain the House in 2014. How dumb can the Reps be?

46 posted on 12/17/2012 3:06:24 PM PST by kabar
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To: Buckeye McFrog
In five years the public will be screaming bloody murder for the Government to "do something". And the "something" will be Single Payer. All by design.

Pretty much.

You would think that if there was one group that deserved to not be screwed by the Federal Government, it would be war veterans.

Right?

Once protected, they are now targets. All the years of multiple deployments, danger, sacrifice, pain, and injury added up to almost zero political clout. Why?

Simple.

There are not that many veterans. There are A LOT more SS, Medicare, Medicaid, Food Stamp, and unemployment check receivers out there.

Politics is not justice. It is votes and corruption.

Veterans have been getting the shaft right and left from Obama and DC in recent years. Veterans were promised health care for life as recently as the mid-90s. After being forced into TRICARE (which gets worse by the week), Obama proposed something like a 80%-300% increase in TRICARE, depending on your retired rank.

Even Republicans acknowledged the goal of Obama was to force veterans into the ObamaCare "exchanges" first so as to entrench them.

47 posted on 12/17/2012 3:08:22 PM PST by SkyPilot
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To: SkyPilot
” In order to “give” away “FREE” health care for all of Obama’s do-nothings, everyone’s health care premiums are going up.”

***

Yup! My point though is that the SS COLA increase doesn't even begin to cover the Medicare increase. And the Medicare increase is just one cost going up next year. I have several increases,in other areas to deal with. And who knows what other increases are coming our way when the fiscal cliff “compromise” is reached. I'll bet there are going to be a ton of hidden costs we won't find out about till much later.

_____________

” My sister-in-law is a big atheist liberal, who was shocked that her own health care coverage was skyrocketing. Amazing.”

***

I can't wait for my friends and relatives, who are Obama true believers, find out how much that “free” health care will cost. If course, it won't he Obama’s fault. It will be those “greedy” insurance companies

48 posted on 12/17/2012 3:11:31 PM PST by fatnotlazy
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To: babble-on

“have to get Nancy pelosi on board”

Yeah, if the deal is like this it will have to be passed without many Republican votes.

Frankly though I don’t expect this is the deal.


49 posted on 12/17/2012 3:12:01 PM PST by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat Party!)
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To: kabar
I think the Republicans would get blamed no matter what.

We both know that.

Over the past 14 years I have seen my federal pension go from 81K to 110K due to COLA increases.

You must have qualified for the older system.

50 posted on 12/17/2012 3:12:05 PM PST by SkyPilot
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