Posted on 07/10/2011 5:59:45 PM PDT by mojito
So in the end, it was bit of a Ronald Reagan moment for John Boehner on Saturday. Just as the U.S. president walked away from a bad arms control agreement with Soviet leader Mikhail Gorbachev at Reykjavik, Iceland in 1986, the House speaker passed on President Barack Obama’s mega-debt reduction deal in Washington.
In both case, the asking price was just too high. For Reagan, it was lethal limitations on his Strategic Defense Initiative. For Boehner, it was a trillion-dollar tax distraction from America’s true fiscal threat: spending run amok: “Despite good-faith efforts to find common ground, the White House will not pursue a bigger debt reduction agreement without tax hikes.”
A GOP congressional source was a bit less diplomatic, telling me Saturday afternoon via email:
'Their fierce insistence on higher taxes is beyond bizarre. After months of demanding ‘clean’ increase to avert economic calamity (default), WH threatens economic calamity (default) unless they get economic calamity (trillions in tax hikes). No wonder these guys are governing over an economic calamity (9.2% & growth malaise), w/ an economic calamity on the horizon (debt explosion as mapped out in president’s budget). The bipartisan consensus on tax reform (broader base & lower rates) was championed by President’s fiscal commission, and yet now is being rebuked by the President. Lowering top rates that would help make America more competitive was too large a leap for a true class warrior."
(Excerpt) Read more at blogs.reuters.com ...
Actually, now that I think about it, Gorbachev was probably to the right of 0bambam on economic and fiscal matters. Bammy's cut more from the Leonid Brezhnev cloth.
not breznev but Juan Peron. The russkies did not really have any private sector to speak of.
Obama’s a dolt. This was all Pelosi.
The Dear Leader has nuthin’...the money is gone and every day larger numbers of public school graduates are realizing they’ve been snookered. He reached into his bag of tricks and came up with this ‘grand bargain’ shell game that tries to deflect the attention from the spending to taxes for the rich, don’tcha know. This administration is the political equivalent of the Casey Anthony defense team; if you don’t have the facts, shuck and jive. God willing the electorate will learn from it’s dearly bought schooling.
Eventually and with much tribulation at this point the cream will come to the top.
I think you have something there. I think I'll start referring to Bammy supporters as "0bamanistas."
Never, ever thought I would say it but . . .
GO BOEHNER! Well done!!!
The GDP for last year was 14.7 Trillion. The GDP growth is around 1.5%, with real Inflation adjusted it is actualy negative, but I digress, making the GDP for 2011 maybe 15 trillion. The Debt is 14.29 trillion.
Correct me if I am wrong but isn't 14.29 trillion 95% of 15 trillion? How could the debt be 70% of GDP?
The usual fudging.
I think your calculations are closer to reality. No matter how you slice it, we are perilously close to our debt being equal to our GDP.
0bama is the American Salvador Allende, he will go thru his entire life destroying things in the name of fairness.
He is a true Socialist/Marxist - its all he knows.
Obama is like Adolf Hitler, without the checks and balances stopping him. If Obama had his way, Conservatives and Christians would be sent to the gas chambers.
In spite of what his lapdogs in the media say, Boehner and the GOP do not have to provide the fig leaf of “leadership” for this naked president. Let him go down in flames as the utter failure he is. The Republicans absolutely should not bail him out.
Reuters? Why, this is sensible!
If it were in their ‘news’ section Satan would be selling ice cubes.
He's more like Mugabe than Hitler. He'd have gangs of thugs terrorizing the citizenry if it weren't for the citizenry being very well-armed in most parts of the country. Remember that line about a "civilian security force" ...
FReeper Pan_Yan nailed it:
http://www.freerepublic.com/focus/f-news/2746275/posts?page=37#37
What’s the difference between Greece and the United States?
In Greece the government is calling for more cuts and the people are rioting in protest.
In the United States the people are calling for more cuts and the government is rioting in protest.
A GOP congressional source was a bit less diplomatic, telling me Saturday afternoon via email: 'Their fierce insistence on higher taxes is beyond bizarre. After months of demanding 'clean' increase to avert economic calamity (default), WH threatens economic calamity (default) unless they get economic calamity (trillions in tax hikes). No wonder these guys are governing over an economic calamity (9.2% & growth malaise), w/ an economic calamity on the horizon (debt explosion as mapped out in president's budget). The bipartisan consensus on tax reform (broader base & lower rates) was championed by President's fiscal commission, and yet now is being rebuked by the President. Lowering top rates that would help make America more competitive was too large a leap for a true class warrior."
If this is true, then my hat’s off to Boehner, and I’ll be sending him a nice thank-you note.
Trust but verify.
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.