What are the Republicans doing? They KNOW that the hostage in the room has always been the US military. They negotiated this bad deal back in 2011, knowing that the DoD was ~18% of the budget, but would take 50% of the Sequestration cuts.
Now, they are backing away from sparing the military from being gutted in 2 days.
Thanks a bunch GOP!
AP has already reported we are going over the cliff.
Any word on the debt ceiling?
The house won’t go along with this. But that doesn’t matter. All obama has to do is sign an EO and everything hums right along.
Once again, the left will get everything they want. We end up with an even more progressive tax system.
Sometimes it is hard to understand why these politicians are entitled to a salary. Most of these people could not make it in the private sector.
Wow, tax increases AND the military will be gutted. Who knew the “super committee” deals would end up like this? Oh yeah, that’s right...everyone.
Good Cop/Bad Cop. They probably had this all figured out months ago.
Go over the friggen cliff. Oboma doesn't have that much more support than republicans, and the other 20% will see nothing but an Oboma tax increase (Who's John Bohner? Never heard of him).
Go over the cliff, and Oboma will go over right along with us. Take that SOB down!
In an amazing bit of magic, the GOP manages to play the villan even towards its Conservative base.
Not only do they fold on everything the Democrats want (taxes, unemployment handouts, tuition tax breaks for perpetual students, zero entitlement reform, etc), they lead the charge to punish the US military!
Sequestration was a bad deal to begin with. They were mad to agree to it and hope that a "Super Committee" led by radical Democrats would actually work to stop the runaway train of entitlements.
Now, the GOP is the one pounding the fiscal stake into the already wounded (by previous $450 Billion in cuts) Pentagon.
With "friends" like these, who needs enemies?
As far as spending, it sounds like the cuts go into effect. Personally I hope they're made permanent and extended to other areas. My view is that there's plenty of bloat that can be cut in every department, including the DOD.
The GOP caves again.
And now it’s time for conservatives to come to their senses. You cannot be a registered Republican and call yourself a conservative.
There is no such thing as a RINO. The sobriquet “Republican in name only” makes no sense at all when being a Republican means giving in to whatever demands are made by the far left wing of the Democratic Party. “Republican in name only” implies that “Real Republicans” stand for something other than an ever-expanding Welfare State. “Real Republicans” stand for big government; as much as any Democrat.
It’s time to declare yourselves: Are you conservatives or are you “Real Republicans”? You cannot be both.
Do everything you can in the next 6-8 weeks to be as prepared as you can be for the next year (lest you suffer trying to prepare during a collapsed or inflated economy). These pissants (ALL of DC, I don’t care what party denomination is after their names) KNOW some serious shit is coming and wont admit that there is no averting the collapse. Things are set for the perfect storm as more and more and more are laid off or otherwise fired. The Producers will NOT be able to support this country. It is now spiraling and I fear the “out of control” part has already been passed.
Is anyone beginning to suspect that the cuts are being forced from without, and this massive, drawn out bit of theatre is just a game of musical chairs, trying to minimize political fallout by appearing to attempt to placate various political factions?
It is a deal to kick the can down the road.
Essentially, the Bush tax cuts, so reviled by the communists, was allowed to expire so that those same communists could rewrite them and pass them and thus claim that THEY are the party of lower taxes (the GOP failed us and the nation). In rewriting the taxes, they employed Orwellian Newspeak and implemented a higher tax rate on “the wealthy,” which was really an assault on small businesses (S-corp) who file their business taxes on their personal income tax forms and increased the income and capital gains on the 1%, which will have a massive trickle-down effect on investment and especially consumption (which is 1/3 of the GDP).
They also increased spending massively (1/3of the GDP, so they hope they can lie about the GDP in half a year and say, “See, communism increases prosperity”).
They also delayed the sequestration (spending part) of the bill two months, so we all get to sit through the joy of this BS theater from now till then and through that farce of a fight (hint: the GOP has already lost that argument).
How the communists plan on spending that increased budgetary spending allotment since we’ve hit the debt ceiling is confusing for many people. But it is really quite simple: Obammie the Commie is a dictator who wipes his skinny ass with the US Constitution. As they are creating money and spending it by fiat, so he will spend beyond the debt ceiling set by congress (in accordance with that toilet paper he uses) by his own fiat.
Folks, the left, the communists/socialists/fascists are taking over this country and we have no one...NO ONE...fighting for our liberty and for the freedom and prosperity of our children.