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A ‘fiscal cliff’ deal is near: Here are the details
Washington Post - Wonkblog ^ | 17 Dec 12 | Erza Klein

Posted on 12/17/2012 2:11:44 PM PST by SkyPilot

Edited on 12/17/2012 2:34:13 PM PST by Admin Moderator. [history]

All at once, a “fiscal cliff” deal seems to be coming together. Speaker John Boehner’s latest offer doesn’t go quite far enough for the White House to agree, but it goes far enough that many think they can see the agreement taking shape.


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


TOPICS: Breaking News; Government
KEYWORDS: boehner; deal; entitlements; fireboehner; fiscalcliff; fiscalcliffdeal; taxes
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Remember - I am the messenger.

Looks like:

- Raise the debt ceiling for a year

- Hints at lowering COLA for SS and pensions

- Vague entitlement "reform" - Payroll tax stays

- Tax raise rise for folks somewhere between $250 and $1 million a year; I would guess in between there

1 posted on 12/17/2012 2:11:48 PM PST by SkyPilot
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To: All
On the spending side, the Democrats’ headline concession will be accepting chained-CPI, which is to say, accepting a cut to Social Security benefits. Beyond that, the negotiators will agree to targets for spending cuts.

Also, our perpetual madness to pay people not to work (the Endless Unemployment Check) will continue.

Looks like raising the age for Medicare, Medicaid, Social Security is out (it will be "discussed" in the future.....yeah right)

2 posted on 12/17/2012 2:14:30 PM PST by SkyPilot
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To: SkyPilot

lets say all of this goes thru - what does it actually accomplish? NOTHING BUT CASH CONFISCATION


3 posted on 12/17/2012 2:15:58 PM PST by frogjerk (Obama Claus is coming to town!)
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To: All
Remember, this the Washington Post Wonkblog, not a news release. However, I believe this info is real.

Looks like a deal will be stuck very soon.

As is always the case, the negotiations could fall apart, or the deal could change. But right now, the participants sound upbeat, surprised at how quickly the process has moved from evident disaster to near-agreement, and fairly comfortable with where they think they’ll end up.

4 posted on 12/17/2012 2:15:58 PM PST by SkyPilot
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To: SkyPilot

I don’t like the body language in that picture. The Won is looking too smug, and Boner is looking beat.


5 posted on 12/17/2012 2:17:04 PM PST by Eleutheria5 (End the occupation. Annex today.)
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To: frogjerk

It’s pretty much everything Obama wanted.

That Boehner! What a negotiator!! I’m not sure we got a darn thing out of this little deal.


6 posted on 12/17/2012 2:18:43 PM PST by ClearCase_guy (Republicans have made themselves useless, toothless, and clueless.)
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To: SkyPilot

7 posted on 12/17/2012 2:19:35 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: SkyPilot

I’m missing the spending cuts part...or is the concept of lowering COLA’s on SS recipients it?


8 posted on 12/17/2012 2:19:38 PM PST by pgkdan (We are witnessing the modern sack of Rome. The barbarians have taken over.)
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To: SkyPilot

The important thing is that Boner gets to play golf with the pResident so they can have some “alone time” behind the bushes on the back nine.


9 posted on 12/17/2012 2:19:38 PM PST by E. Pluribus Unum ("The more numerous the laws, the more corrupt the state." - Cornelius Tacitus, Roman Senator)
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To: frogjerk
The antichrist cannot achieve his goal of world economic slavery without removing freedom on a world wide scale.

You cannot have freedom without economic freedom.

Today, the US Govt is a big ATM machine. Over 70% of all expenditures are on Entitlements.

People want "their check." That goes for many Republicans as well.

Don't believe me? Try debating entitlements here for a few hours and watch the glass fly.

10 posted on 12/17/2012 2:19:49 PM PST by SkyPilot
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To: Eleutheria5

Boehner looks distant and detached. He looks almost drunk, but he does not appear happy. He looks like someone who’s just made a deal with the devil. His conscience will never be clear, but for his mortal life, the Won will make sure he’s taken care of.

This makes me sick.

Let’s also remember that it’s only a matter of time before our debt rating is reassessed. Moodys and others will likely dump us from AA to A or lower if these shenanigans continue.


11 posted on 12/17/2012 2:20:10 PM PST by rarestia (It's time to water the Tree of Liberty.)
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To: SkyPilot

Word is that this is leaked from the White House, but that the left wing has not signed off yet. Still have to get Nancy pelosi on board


12 posted on 12/17/2012 2:20:10 PM PST by babble-on
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To: ClearCase_guy
It’s pretty much everything Obama wanted.

No, he wanted the payroll tax extended.

And I doubt he wanted SS or pension reform.

13 posted on 12/17/2012 2:20:38 PM PST by what's up
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To: Eleutheria5

14 posted on 12/17/2012 2:20:48 PM PST by BenLurkin (This is not a statement of fact. It is either opinion or satire; or both)
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To: Eleutheria5
I don’t like the body language in that picture. The Won is looking too smug, and Boner is looking beat

Well, if the article is to be believed that's just about right.

15 posted on 12/17/2012 2:21:02 PM PST by pgkdan (We are witnessing the modern sack of Rome. The barbarians have taken over.)
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To: Eleutheria5

Boner always look either beat or about to break out in tears. There has to be something wrong with his emotional state. I don’t think I have ever seen a man look so weak so much of the time.


16 posted on 12/17/2012 2:21:32 PM PST by Gadsden1st
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To: SkyPilot
Remember - I am the messenger.

No! We understand that Bush isn't available so we hold you to blame!

(I'm resigned to the fact that there ain't gonna be anything but bad news on the "fiscal cliff")

17 posted on 12/17/2012 2:21:32 PM PST by rockrr (Everything is different now...)
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To: Eleutheria5
The Won is looking too smug, and Boner is looking beat.

His closet must be chock full of skeletons. That's all I can figure.

18 posted on 12/17/2012 2:22:18 PM PST by houeto (https://secure.freerepublic.com/donate/)
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To: pgkdan
I’m missing the spending cuts part...or is the concept of lowering COLA’s on SS recipients it?

That looks like part of it. Also, some pensions (Federal and Military I believe) are tied to the SS COLA, so they will "project" savings there.

There may be more there.....but the devil is in the details.

I have read that in the last few days, Bath House Barry has become concerned that the recession that would break in January would be too great a risk to him. It was said he was "enjoying" watching the Republicans squirm, but I guess he has had his fun.

19 posted on 12/17/2012 2:23:08 PM PST by SkyPilot
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To: rockrr

LOL! And yes, I am pessimistic with you.


20 posted on 12/17/2012 2:23:54 PM PST by SkyPilot
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