Keyword: gangofsix

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  • Sen Coburn Speaks the Truth

    Excellent speech from Sen Coburn telling it how it is. Then old Sen Kerry interrupts.
  • Gang of Six Not Ready For Prime Time?

    07/25/2011 1:12:19 PM PDT · by JohnRLott · 3 replies
    Fox News ^ | July 25, 2011 | John R. Lott Jr.
    Video at link discusses: "Too many holes in the ‘Gang of Six’ proposal?"
  • Super Congress: Echoes of Tyranny Rising

    07/24/2011 4:46:45 PM PDT · by Whenifhow · 42 replies · 1+ views ^ | 7.24.11 | Terresa Monroe-Hamilton
    And now for something completely the same… In the “those who won’t learn from history, are doomed to repeat it” department, I give you a quote from the National Center for Constitutional Studies: "America’s Founders had just declared themselves free of a tyrannical government. They were determined that such tyranny would never be repeated in this land. Their new charter of government – the Constitution – carefully defined the powers delegated to government. The Founders were determined to bind down the administrators of the federal government with Constitutional chains so that abuse of power in any of its branches would...
  • Size Matters

    07/24/2011 11:25:17 AM PDT · by Kaslin · 15 replies ^ | July 24, 2011 | Ken Connor
    Last week, I wrote that the current deficit and debt ceiling negotiations happening in Washington represent politics at their worst – politics on steroids. Amidst the posturing and prevaricating, however, one conservative has emerged with a legitimate plan to liberate America from its bondage of debt. This week, Senator Tom Coburn released a 600-page plan that would reduce the deficit by $9 trillion over the next ten years by slashing wasteful spending and eliminating an estimated $1 trillion in tax deductions. The plan is not a gimmick, it's not smoke and mirrors, and it's not a media stunt. Senator Coburn...
  • Lawmakers Renew Push to Reach Deal on Cutting Deficit (Boehner: Deal in Place To Cut $3-4 Trillion)

    07/23/2011 1:56:30 PM PDT · by lbryce · 41 replies
    New york Times ^ | July 23, 2011 | CARL HULSE and JACKIE CALMES
    Hoping to reassure markets in the wake of an angry breakdown in the federal budget negotiations, Congressional leaders raced Saturday to reach a new deficit-reduction agreement that Speaker John A. Boehner told colleagues could cut $3 trillion to $4 trillion in spending over 10 years. “We are working, and I’m confident there will be resolution,” Mr. Boehner told fellow House Republicans on an afternoon conference call, according to participants. “There has to be.” Mr. Boehner’s comments came a little more than a week before the federal government risks defaulting on its debts, a fate that could be avoided if Congress...
  • Lights Out For McConnell-Reid?

    07/23/2011 8:47:48 AM PDT · by Stalwart · 6 replies
    National Review Online ^ | July 20,2011 | Andrew Stiles
    Walsh suggests that the success of his effort could have prompted the Gang of Six to unveil their proposal when they did as “a last-ditch effort to delay,” once it became clear that McConnell-Reid could not possibly pass the House. Beyond that, he says of the Gang’s plan, “I don’t think there’s anything there.”
  • Conflicting plans contributed to break-down of Boehner and Obama talks

    07/23/2011 9:12:01 AM PDT · by casinva · 13 replies
    Keith Hennessey Financial Blog ^ | July 23, 2011 | Keith Hennessey
    Budget talks between President Obama and Speaker Boehner fell apart yesterday (snip) (Obama comment) It is hard to understand why Speaker Boehner would walk away from this kind of deal. (End of Obama comment) I actually think it’s quite easy. The President backtracked in private negotiations this week, demanding bigger tax increases after the Gang of Six, including three conservative Republican Senators, released a plan that raised taxes more than the President had previously demanded. (snip) While it is an aggressive tactic, there is nothing “wrong” with moving backward in a negotiation. It is likely to anger the counterparty, and...
  • Gang of Six Deal is Antithesis of Reform

    07/22/2011 8:58:25 AM PDT · by Kaslin · 9 replies ^ | July 22, 2011 | Floyd and Marybeth Brown
    The media frenzy over Republican Senators and Barack Obama making nice over the debt ceiling crisis exposes for all Americans to see the extent to which both parties are aligned with Wall Street interests, and against the interests of Main Street and small business. The subject of this latest bipartisan love fest is the Gang of Six plan. Americans want reform. The Republican majority in the House of Representatives was swept into office by promising reform. The Gang of Six Solution is the antithesis of reform. Supposedly it offers the "balanced approach" of which Obama rambles on about endlessly. But...
  • "Gang of Six" Senator Chambliss's defense.

    07/21/2011 10:30:03 AM PDT · by mort56 · 13 replies
    Vanity | 7/21/2011 | G. Mortensen
    Sorry for the vanity but I thought some would like to see one of the Gang of Six's defense and my response to my "conservative Republican" Senator's email. ------------------- Dear Mr. Mortensen: I appreciate your thoughts and comments in the past regarding our nation's budget crisis. I wanted to reconnect with you on the situation, and summarize some solutions I have been working on. As always, I welcome your thoughts on this most important issue. Our country is in the midst of a fiscal crisis. In 2010, our government spent at a rate of 25% of GDP (Gross Domestic Product)...
  • Enough of This "Gang Of" Crap (Modern political usage of term started with ChiComs)

    07/21/2011 1:37:08 PM PDT · by Halfmanhalfamazing · 26 replies
    Rush ^ | July 20th | El Rushbo
    And, by the way, a little history question. Do you know where this "gang of" stuff started, in our lifetimes at least? I'm sure that there have been gangs in the history of humanity, but in the political realm, the original gang was Gang of Four. Mao Tse-tung's wife, a ChiCom broad, led a Gang of Four in an anti- something or other movement. So a cultural revolution equaled murder. And Mao's wife, Mrs. Mao, led the Gang of Four against it. So this "gang of" crap can be traced back to the original brutal, murderous ChiComs.
  • Former Bush economic advisers pan Gang of Six proposal (But Larry Kudlow gives qualified thumbs up)

    07/21/2011 10:39:32 AM PDT · by SeekAndFind · 10 replies
    Hotair ^ | 07/21/2011 | Ed Morrissey
    “Proposal” might be giving it more credit than it deserves at this point. Right now, the Gang of Six entry into the deficit reduction/debt ceiling debate better resembles a statement of principles with few specifics, which is one reason why no one expects the Go-6 to have a bill ready for a vote for weeks or perhaps even months. Barack Obama has already begun hedging his “no short-term debt ceiling increase” pledge in order to accommodate the Go-6 team. Right now, there isn’t even enough specifics for the CBO to score the plan to determine whether it actually accomplishes what...
  • Government by Platitude. Why the Gang of Six Plan is Not Credible.

    07/21/2011 7:25:18 AM PDT · by SeekAndFind · 8 replies
    National Review ^ | 07/21/2011 | The Editors
    Some Republicans are getting desperate over the debt-ceiling debate, but we hope not desperate enough to embrace the Gang of Six proposal. It may be the worst of the debt-ceiling compromises placed before them to date. The authors allege that their plan will eliminate some $3.7 trillion from the projected federal deficit over the next decade — and allege is the right word. The main deficit-reduction instruments would be a $1.2 trillion tax hike and deep cuts to defense spending. Neither of those proposals addresses the fundamental long-term spending drivers, which are the entitlement programs, mainly Social Security and Medicare....
  • Wait, When Did We Solve the Debt Crisis?

    07/21/2011 5:42:41 AM PDT · by Stoutcat · 3 replies
    Grand Rants ^ | 07-21-11 | Stoutcat
    Well smack my face and call me Rip Van Winkle, because I must have been sleeping. Otherwise I wouldn’t have missed the fact that we’ve solved the debt crisis. We have solved the debt crisis, haven’t we? The Gang of Six actually made a meaningful proposal that was accepted by everyone? Obama didn’t veto the “Cut, Cap, and Balance” bill? All those seniors are going to get their Social Security checks come August 3, right? I mean, if that’s not the case, how could our President in good conscience pour millions of our tax dollars into new and unnecessary departments...
  • Unions Smack Obama On Debt Talks, Walmart

    WASHINGTON -- President Obama's rocky relationship with unions took a few more lumps Wednesday as labor groups pounded both a deficit-cutting proposal he embraced as well as the White House's praise of Walmart. AFL-CIO boss Richard Trumka started by hammering the Gang of Six proposal released Tuesday that would cut the deficit by $3.7 trillion over 10 years, in part by limiting popular middle class deductions for home mortgages, health insurance and retirement savings -- a plan Obama hailed Tuesday. "Both parties keep telling us that deficit reduction requires 'tough choices' and 'shared sacrifice' and 'taking on sacred cows,'" Trumka...

    07/20/2011 7:50:37 PM PDT · by Hojczyk · 49 replies · 1+ views
    Dick ^ | July20,2011 | Dick Morris
    1. The Senate leaders from both parties and President Obama will coalesce around the Gang of Six deal based on the recommendations of the Bowles-Simpson Deficit Reduction Commission. 2. After initially voicing reservations, House Speaker John Boehner and, perhaps, Majority Leader Eric Cantor will sign off on the deal in return for some unimportant modifications. 3. When the deal reaches the House floor, all hell will break loose and the rank and file Republicans will revolt en masse. Defying their leadership, they will reject the Gang of Six deal in caucus. 4. The House Democrats, who could provide the votes...
  • Capital Gains Rate Could Jump 119% Under Gang Of Six

    07/20/2011 4:15:35 PM PDT · by Slyscribe · 45 replies
    Investor's Business Daily ^ | 7/20/2011 | Jed Graham
    The key to the Senate Gang of Six deficit-cutting grand bargain is the combination of higher tax revenue with lower tax rates. The former makes Democrats swoon and Republicans are sweet on the latter. The first date was a hit, with a surprising number of senators declaring their everlasting love and President Obama giving it his blessing on Tuesday. But just how much do the two sides know about their partner?
  • Congress curbs enthusiasm for 'Gang of Six' plan

    07/20/2011 6:33:40 PM PDT · by tje · 3 replies
    CNN ^ | July 20, 2011 8:46 p.m. EDT | By Ted Barrett and Deirdre Walsh, CNN
    Washington (CNN) -- The burst of enthusiasm Tuesday for the "Gang of Six" debt reduction plan as a possible way out of the debt ceiling crisis appeared to fade Wednesday as Democratic and Republican lawmakers studied and found fault with the details of the proposal. Most notably, both sides highlighted well-worn party-line divisions: conservatives complained the plan would raise taxes while liberals warned it would cut entitlement benefits. It would be irresponsible for us to try to rush through such a complex package without time for meaningful review," said Sen. Jeff Sessions, the top Republican on the Budget Committee who...
  • Editorial: Gang Of Six Plan: A $3.1 Tril Tax Hike

    07/20/2011 5:38:26 PM PDT · by Kaslin · 39 replies
    IBD Editorials ^ | July 20, 2011 | Staff
    National Debt: No wonder President Obama has so heartily endorsed the "Gang of Six" deficit plan. Just like everything Obama has offered so far, it's short on details and long on tax hikes. Soon after the "Gang of Six" — a bipartisan group of senators that has been trying for months to put together a deficit reduction plan — issued its new proposal, President Obama praised it as "a very significant step" that represents "the potential for bipartisan consensus." What it really represents is Washington at its worst. The "plan" Obama was praising isn't a plan at all, but a...
  • Pro-Growth Plan From The Gang of Six

    07/20/2011 4:49:02 PM PDT · by Kaslin · 25 replies
    IBD Editorials ^ | July 20, 2011 | LAWRENCE KUDLOW
    There are a lot of known unknowns about the new "Gang of Six" budget proposal. But conservatives should hold back from trashing it. Why? There's a large, pro-growth tax-reform piece in the plan that would lower tax rates across-the-board. This is a stunning reversal of the Obama Democrats' soak-the-rich, class-warfare campaign. The best part of the Gang of Six plan is a reduction in the top personal tax rate from 35% to a range of 23% to 29%. For businesses, the rate would drop in the same manner. And the corporate tax would be territorial rather than global, thereby avoiding...
  • Gang of Six deficit plan. Read it here.

    07/20/2011 4:18:42 PM PDT · by Nachum · 12 replies
    Chicago Sun Times ^ | 7/20/11 | Lynn Sweet
    A BIPARTISAN PLAN TO REDUCE OUR NATION'S DEFICITS EXECUTIVE SUMMARY This bipartisan, comprehensive, and balanced plan consistent with the recommendations of the Bowles-Simpson fiscal commission that will: • Slash our nation's deficits by $3.7 trillion/$3.6 trillion over ten years under CBO's March 2011 baseline, or $4.65 trillion/$4.5 trillion under the original fiscal commission baseline (which used the President's 2011 budget request as the starting point for discretionary spending). • Stabilize our publicly-held debt by 2014. • Reduce our publicly-held debt to roughly 70% of our economy by 2021. • Impose unprecedented budget enforcement. A COMPREHENSIVE AND BALANCED PROPOSAL The plan...