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
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)
lets say all of this goes thru - what does it actually accomplish? NOTHING BUT CASH CONFISCATION
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.
I don’t like the body language in that picture. The Won is looking too smug, and Boner is looking beat.
I’m missing the spending cuts part...or is the concept of lowering COLA’s on SS recipients it?
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.
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")
Buffet wants the abolisment of the inheritance tax exemption. Why? buffet sells death tax insurance.
So Obama gets what he wants (taxing the rich more and keeping tax cuts for the middle class) and the Reps take the blame for reducing benefits to old people and future retirees. Such a deal. The Dems will use this in 2014 to get back control of the House. Such a deal.
Have we built the border fence yet that the Democrats promised Reagan in exchange for his amnesty for illegals?
” Hints at lowering COLA for SS and pensions”
***
Might as well not pay the cost of living at all. Just received a notice from SS that COLA will go up 1.7%. Big whup! Meanwhile, my Medicare supplement premium is going up 15%.
NONE!!
Boehner is just caving big time. Completely disgusting!!
Setting the stage for the next act, the end of the 2nd amendment.
What tripe. Just go over the fiscal cliff and save several hundred thousand people in the middle East, and protect the People from an out of control government at home, that cannot hurt people if it hasn’t got the money to do so.
The COLA equation needs to be changed; it was artificially inflated in the past for growth in productivity, not prices.
The “cliff” is far better than the deal. You’ve got to know when to walk away from the table, know when to run.
- Raise the debt ceiling for a year
(and a year after that and a year after that....)
- Hints at lowering COLA for SS and pensions
(only a hint, a minor suggestion)
- Vague entitlement “reform” - Payroll tax stays
(maybe, someday, After pigs fly)
- Tax raise rise for folks somewhere between $250 and $1 million a year; I would guess in between there
(doubtful. They will go up on EVERYONE.)
I’ll be the first to say it, there won’t be a deal.