Posted on 06/27/2011 1:45:09 PM PDT by quesney
WASHINGTON (AP) — The White House said Monday that a "significant" deal with Republicans on cutting government spending and raising the nation's debt limit is still possible, even as the administration hardened its stance on the need for increased tax revenue to be part of any agreement. President Barack Obama made his first direct foray into the deficit negotiations Monday. He met with Senate Majority Leader Harry Reid in the Oval Office for about 30 minutes Monday morning, and planned to meet with Republican Sen. Mitch McConnell in the early evening. White House spokesman Jay Carney said Obama's meeting with Reid was "constructive" and the president concluded that there are still opportunities for a deal to be reached. But he said the only way to achieve that objective would be to include tax increases or the elimination of tax breaks for big companies and wealthy individuals.
"It's the only way to get it done," Carney said. The White House has proposed raising about $600 billion in new tax revenue, including ending subsidies to oil and gas companies, an idea that failed in the Senate.
(Excerpt) Read more at news.yahoo.com ...
If the R’s raise taxes, when everyone in this country knows the problem is bloated government, they will not only lose all their elections, they will quickly cease to be a party.
They don’t read the freakin’ things anyway.
if the rinos surrender to obama then a “significant” deal is POSSIBLE.
If they cave then only outsiders for office in 2012
primary them all.
The Democrats know how to negotiate. Wholesale tax increases will never pass the House. Has that stopped the Dems from using them as a starting point? No! Where will the GOP start their negotiations at? Probably just like the 2011 budget. Ask for a little, and then settle for next to nothing.
The GOP’s initial position should be 1) immediate repeal of Obamacare. Or 2) a balanced 2012 budget. Or 3) immediate defunding of EPA. Or 4) any combination of the 3. Instead they will probably ask for some spending cuts in the year 2525, and accept some kind of new taxes, which will be called “closing loopholes”, or “fees”, or some other such garbage. There really is only one party. I’m waiting for the GOP to prove me wrong, but they haven’t yet.
Why are they even negotiating with the illegitimate POS any way. He finally decides to dedicate a half hour of his time to the subject and they are all bowing to the king.
What government agency will see a reduction in total expenditure, not a reduction in the growth rate but a
actual cut in the amount spent? Color me suspicious but I don’ think any of this will happen.
There is no support here but I remember when taxes were a lot higher and the country was quite successful. I don't see the most important issue as taxes. I see that as the jobs economy. I see conserving middle class as essential to the well being of the country and I see jobs as critical.
Incorrect! If they raise a half-trillion in taxes, they will find a way to spend one trillion and surprise surpise the deficit goes up not down.
Two things must happen. No new taxes at all!!! The debt limit increase must be voted down. Result: Geithner resigns the next day for the buffoon he is. And.....Obama becomes a lame duck POTUS!!!! if Boehner and McConnell yield on any of these two, The Republican Party is history!!! Republicans, using an FDR term, “The only thing you have to fear is fear itself”. This the is time for a profile in courage and the iron willed determination to stop the economic destruction of these United States of America!!!
“The army of Dem parsers will be all over the teevee to convince the Tea Party that their leaders “folded” when they actually didn’t.”
I see the TEA Party as a last warning before open revolt. I really do hope that it succeeds.
If the GOP agrees to any of this, they all better start looking for jobs really soon.
Well I am trying to reduce mine.
Well I am trying to reduce mine.
There is an alternative. Higher taxes. More taxes till the whole thing collapses or an invasion.
That is the historical route.
How about ending ethanol and farm subsidies. We could save $150 billion a year if the Dept of Agriculture was shut down.
We have much more regulation and strangulation of the economy now. The debt and devaluation of the dollar alone are putting massive strain on the economic engine of this country. The sheer cost of government is choking it.
That would be a change?
•any others?
Mega-bucks congress critters such as Nancy Pelosi and John Kerry.
“This out year stuff is crap..It never happens...”
I agree... Any ‘$2 trillion in cuts’ is really an agreement to cut $200 billion in next year or two and then ... it can be changed.
They need to stop with the ‘10 year’ nonsense and stick to
cuts over 5 years.
The main thing is to fight for no new taxes and the most cuts in FY2012 possible.
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