KEEP OUR LIGHTS ON!
Please Donate!!
FReepathon Day 49!!
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 ...
$643 billion over 10 years. Like that would ever happen.
R + D = FAIL
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.
super committee was Harry Reids idea D’oh
I have a dumb question. What is so bad about letting the automatic cuts happen? At least we’d be getting some deficit reduction.
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.
We don’t need a trim WE need to chop the GOVENMENT’S SIZE!!
401K’s fit budget holes quite nicely. That’s been the democrat idea all along.
Democrats just want another decrease in the increase sham.
Yup
They’re going to come for the money. Our money, not theirs.
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.
What worries me is how quiet Boehner and McConnell have been about the super committee deliberations. We are being set up.
Cash meets mattress is my course of action.
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.