Posted on 07/10/2011 7:12:58 AM PDT by SeekAndFind
Senate Republican Leader Mitch McConnell told Fox News that he thinks a major deficit-reduction deal cutting $4 trillion over the next decade is off the table, claiming Democrats are pushing too hard for tax increases.
"Everything they've told me and the speaker is that to get a big package would require big tax increases in the middle of the economic situation," McConnell told "Fox News Sunday." He called the prospect of tax hikes a "terrible idea." The Senate GOP leader is the latest to weigh in on the rollercoaster negotiations that are set to continue Sunday evening at the White House. That summit is taking on fresh urgency after House Speaker John Boehner announced he was lowering expectations about the size of the deficit-reduction package that can be achieved over concerns about the rift between the two parties.
Boehner announced Saturday that he wants to focus on a package more in line with what was being discussed in earlier negotiations led by Vice President Biden. Those talks centered on about $2 trillion in deficit reduction over the next decade. The White House in recent days had raised the bar to about $4 trillion, but Boehner dialed things back following a conversation with President Obama Saturday evening. McConnell backed Boehner on Sunday.
(Excerpt) Read more at foxnews.com ...
Roger that! OOOOOOOOORAH!
Do you want to be reelected?
Defund ... Defund ... Defund.
and when finished Defund some more
of the WORTHLESS programs and Departments.
A winning formula to stop zer0care,
and zer0's out of control spending.
Dear Republicans, do you want to be reelected?
Senate Republicans back the House Republicans,
or suffer the consequences.
For REJECTING Obama's phony spending "cuts" which are REALLY tax increases? My fear was that Boehner would accept them. Instead he has REJECTED them.
None of this stuff is as complicated as our elected prima donnas want to make it seem.
Any one of us could, as president, simply tell both houses that we want the budget for the coming year dialed back five percent of this year’s budget. Five percent. Approve it or get out of town.
Every one of us has been in a situation at home or work where things had to be trimmed. Only in Washington do they fight about a “cut” of one or two percent in the ten or fifteen percent increase they’ve already tacitly agreed upon.
It is disgraceful.
Dennis Miller has the right idea on the debt ceiling. Let the crunch come (if there even is a crunch in the offing). Then let every department head and every damn whinging head bureaucrat come in and make his case to continue receiving funds.
As Miller points out, at least half of the clownish mandarins would be too embarrassed even to come in and explain what the hell their budgets have been going toward.
Five percent a year reductions on BASELINE for five years. Then we would begin to be able to recognize America again.
Folks the Republicans can not do much until they take control of the Federal gov. Kicking the can down the road until 2012 is the wisest thing the GOP can do. Take whatever cuts you can get, no new taxes and rise ceiling enough to get thur 2012 election. When take the issue to the voters.
“How is it that Pelosi and Reid could bind future Congresses to spending $1.5 billion this year on ObamaCare, before it kicks in? Can they only bind future Congresses to spend but not cut?”
A spending bill creates an automatic constituency of people or institutions who will benefit. These beneficiaries hire lobbyists and make political contributions to ensure their largesse. But spending cuts create no such momentum. A cut is an orphan with nobody to look after it. The more money in a spending bill the bigger and more powerful the momentum to protect that money. It takes a HUGE commitment to undo a spending bill and a lot of personal political capital will be expended and futures damaged in the undoing. But a spending cut can be overcome by simply ignoring it. What’s the penalty for ignoring it? Nothing.
Beam me up, Scotty!
Mitch always reminds me of my friendly neighborhood mortician and I suspect he uses mortician’s wax for makeup. I sure hope he and Boehner don’t make a bad deal, but I fear otherwise. Hold tight to your wallet.
You’re absolutely correct. All deals should be in the same time frame. A 10-year plan is nothing more than a wimpy way to kick the can down the road, and essentially continue doing business as usual. It’s amazing the Republicans, and Boehner specifically, are dumb enough to buy into that kind of plan. To be honest with the American people, and to show some real balls, we should reflect the debt increase, the spending reductions, and the entitlement deficits, in the 2011/2012 budget. Anything else is patently dishonest. A 10-year plan is no plan at all. And, an honest budget for 2011/2012 forces Obama to make some real decisions, a concept a concept as foreign to him as his roots.
Also at some point the markets will solve our spending problems.
It sounds like Joe Bite-Me countered the GOP plan with a proposal for $2 trillion in cuts and $2 trillion in new taxes
So the GOP said, OK, we’ll settle for your proposed $2 trillion in cuts.
Just no new tAXES
LOL! Bite-me is like the black sheriff in “Blazing Saddles” pointing a gun at his own head...
all budgets and tax reforms, and much legislation, hase impacts beyond the term of the adminstration that passes them
remember that obamacare is loaded to kick in after the 2012 elections
Mitch McConnell... The Gobbler.
works for me! We have too much duplication in Fed/state gov’ts.
Lol, we only control the House and could lose that in 2012 if we are not careful
The only that will be lost in 2012 is a bunch of RINO’s.
Conservatives are in a foul mood!
Thanks, I read it the same way.
All these reports are confusing, and I'm suspecting it's because they are full of half truths, but I'm not seeing the Repubs caving on anything that matters.
“...and they punt!”
Putting off for another day.
That's CUT $4 TRILLION FROM PROJECTED BORROWING!!! That means that they are planning to keep borrowing. . . . to buy more votes!!!!
These Marxist fools have got to go!!!!
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