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U.S. Democrats reject latest deficit-cutting plan (Democrats were never serious about cuts)
reuters ^ | 11/18/2011 | Richard Cowan and Rachelle Younglai

Posted on 11/18/2011 3:13:52 PM PST by tobyhill

A high-profile congressional effort to trim stubborn U.S. budget deficits appeared near collapse on Friday as Democrats rejected a scaled-back proposal from Republicans that contained few tax increases.

With Democrats and Republicans on a deficit-cutting "super committee" deadlocked ahead of a Wednesday deadline, House of Representatives Speaker John Boehner floated an offer to try to break the logjam on tax increases and benefit cuts.

The plan would save $643 billion over 10 years, about half of the panel's goal of $1.2 trillion, but the two sides were unable to even agree what was in the plan.

Boehner aides said it included $229 billion in new revenues and fees. Democrats said it would only generate $3 billion in new revenue from closing a tax break for corporate jets.

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


TOPICS: Extended News; News/Current Events
KEYWORDS:

1 posted on 11/18/2011 3:13:54 PM PST by tobyhill
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To: tobyhill
Phhhhtttt!!!

$643 billion over 10 years. Like that would ever happen.

R + D = FAIL

2 posted on 11/18/2011 3:16:12 PM PST by The Iceman Cometh (Proud Teabagging Barbarian Terrorist Hobbit Son-of-a-Bitch!)
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To: The Iceman Cometh

That is like plugging a 1” hole in the side of the titanic after it hit the berg. Shes still taking on water but will sink 1 second later because of the repair.


3 posted on 11/18/2011 3:18:58 PM PST by cableguymn
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To: tobyhill
Just a problem of no spine, Just get rid of EPA, DOE, and the dept of Communist instruction.!!!
4 posted on 11/18/2011 3:19:06 PM PST by mongo141
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To: The Iceman Cometh

super committee was Harry Reids idea D’oh


5 posted on 11/18/2011 3:20:04 PM PST by molson209
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To: tobyhill

I have a dumb question. What is so bad about letting the automatic cuts happen? At least we’d be getting some deficit reduction.


6 posted on 11/18/2011 3:20:22 PM PST by colorado tanker
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To: tobyhill

Over the past 80 years, the bastards in both R and D have erected this monumental edifice that is devouring our nation. Every year it ratchets up bigger and bigger and now threatens our very existence. Yet none of the bastards seriously want to rein it in.

Obama INCREASES the annual deficit by $1,200 BILLION and they are haggling over $63 BILLION of annual savings — 5% of the increase that the bastard got.

We are really doomed.


7 posted on 11/18/2011 3:23:35 PM PST by ProtectOurFreedom
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To: colorado tanker
it's not bad and we get the advantage of still blaming the Rats for forcing the GOP to do what's right.
8 posted on 11/18/2011 3:25:42 PM PST by tobyhill (Obama, The Biggest Thief In American History)
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To: ProtectOurFreedom
Yes, neither party really wants to cut but the Rats blinked first by rejecting even the little-bitty cuts.
9 posted on 11/18/2011 3:27:23 PM PST by tobyhill (Obama, The Biggest Thief In American History)
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To: All
FRIDAY NIGHT AT FREE REPUBLIC!

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10 posted on 11/18/2011 3:28:06 PM PST by onyx (PLEASE SUPPORT FREE REPUBLIC BY DONATING NOW! Sarah's New Ping List - tell me if you want on it.)
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To: tobyhill

We don’t need a trim WE need to chop the GOVENMENT’S SIZE!!


11 posted on 11/18/2011 3:41:41 PM PST by ExCTCitizen (Cain/West 2012....what would the RACISTS LIBERALS say???)
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To: colorado tanker

401K’s fit budget holes quite nicely. That’s been the democrat idea all along.


12 posted on 11/18/2011 3:41:50 PM PST by blackdog (The mystery of government is not how Washington works but how to make it stop)
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To: tobyhill

Democrats just want another decrease in the increase sham.


13 posted on 11/18/2011 3:43:49 PM PST by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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To: blackdog

Yup

They’re going to come for the money. Our money, not theirs.


14 posted on 11/18/2011 3:49:35 PM PST by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: tobyhill

Unfortunately, “blinking first” gamesmanship gets us nothing to save the Republic. They’ve been playing those political games forever and fedzilla all the while gets bigger and bigger.


15 posted on 11/18/2011 3:53:19 PM PST by ProtectOurFreedom
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To: blackdog

What worries me is how quiet Boehner and McConnell have been about the super committee deliberations. We are being set up.


16 posted on 11/18/2011 3:53:47 PM PST by lodi90
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To: lodi90

Cash meets mattress is my course of action.


17 posted on 11/18/2011 3:56:44 PM PST by blackdog (The mystery of government is not how Washington works but how to make it stop)
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To: colorado tanker
I have a dumb question. What is so bad about letting the automatic cuts happen? At least we’d be getting some deficit reduction.

The problem with the proposed cuts is that they are an attempt to bind a future congress. The cuts as proposed are draconian, ill thought, and aimed at constitutional activities of the federal Gov. The Dems thought that the cuts would be so fearful that they could (and may still) force republicans to vote for a tax increase. Notice that the Dems stopped playing ball with the continuing resolutions at the beginning of the year once the republicans started to cut more than fluff out of the budget. Boehner has shown that he will cave if the other option is a government shutdown.

18 posted on 11/18/2011 4:31:38 PM PST by Fraxinus (My opinion, worth what you paid.)
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All contributions are for the Current Quarter Expenses.


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19 posted on 11/18/2011 4:51:22 PM PST by RedMDer (Forward With Confidence!)
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To: tobyhill

20 posted on 11/18/2011 6:18:18 PM PST by Repeal The 17th
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To: tobyhill

The Republicans should get as close as they can to $1.2 trillion then offer it up to the “super committee”. If the “super committee” does not go for it and the time lapses the Republicans in the House should offer it up as a bill. Let’s see the Senate RATs vote to get out rating lowered again.


21 posted on 11/18/2011 7:51:51 PM PST by Mike Darancette (999er for Cain.)
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22 posted on 11/18/2011 7:52:53 PM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: tobyhill

I am shocked to hear that the Democrats were not serious about spending cuts!


23 posted on 11/18/2011 10:32:55 PM PST by fortheDeclaration (All that is necessary for the triumph of evil is that good men do nothing. Burke)
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