Sponsored Content
« With "Elites" Like These, Is It Any Wonder We're Screwed? | Main | Split Between Boehner and Cantor? »
July 09, 2011

Debt Ceiling Showdown

Two links from James Pethokoukis.

We've been reading and fretting about House Republican leadership, i.e. Boehner et.al. cracking on tax hikes for debt reduction promises. Having been sorely disappointed over the last CR fight, no wonder, right?

I'm not prepared to give up my concerns, mostly because if any of their junior staffers read this thing I want em to know in no uncertain terms, there won't be a job created over a goddamn tax hike on anyone.

HERE'S a concrete example of why caving on "subsidies for big oil", to pick an example, is dead wrong. The tax code grants all US manufacturers of products an incentive, a "loophole", a BREAK, of 7%.

Except for refining gas, which only gets 4%.

You give that up, all that happens is the price at the pump goes up. It gets passed on as a cost to the consumer.

That would, what's the word I'm looking for here? It would f'n SUCK that's what.

I am hopeful the Republican leadership gets this.

Link one I just like the title of it.

WH is demanding major, unambiguous tax hikes. To get spending caps & entitlement tweaks, greater economic pain appears to be the WH’s asking price. It is increasingly likely that we aren’t going to see a ‘big’ deal if the WH doesn’t budge. Speaker looks to be holding strong. … 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).

Bizarre? Dope smoking bizarre, to fling these threats down. CRACK SMOKING bizarre if the House R's fall for em.

Link 2. Statement from Boehner's office.

"Despite good-faith efforts to find common ground, the White House will not pursue a bigger debt reduction agreement without tax hikes. I believe the best approach may be to focus on producing a smaller measure, based on the cuts identified in the Biden-led negotiations, that still meets our call for spending reforms and cuts greater than the amount of any debt limit increase."

So the White House is digging it's heels in after empty promises, and we're negotiating downward on the tax hike argument.

I find a) digging in on no tax increases encouraging, but b) scaling down the larger opportunity for reform less so.

I don't believe we can hammer this whole thing down in a weekend argument over the debt ceiling, but I do believe we can dig in enough to win a large part of this argument AND set the landscape for 2012.

And I really believe 2012 is what all this crap is about.

(yes, I have been awarded an MFO*, Fall 2008)

*Master's of the F'n' Obvious

digg this
posted by Dave In Texas at 08:48 PM

| Access Comments

Recent Comments
Biden's Dog sniffs a whole lotta malarkey,: "Surprising headline: Yuji Naka, the creator of Son ..."

Epobirs: "Surprising headline: Yuji Naka, the creator of Son ..."

Skip: "Been cat napping ..."

Thomas Bender: " >>"OMG water is bad for you because it's only ..."

Colin: "I know I'm old, so I have no interest in Alexa or ..."

Wolfus Aurelius, Dreaming of Elsewhere [/i] [/b]: "Evening and morning to ever'body! Up a few minu ..."

vmom stabby stabby stabby stabby stabamillion : "True story, since I'm the only coffee drinker in t ..."

olddog in mo: "Morning, 'rons and 'ettes. ..."

Bruce: "of to the store to buy kcups. Damn!! Those things ..."

Krebs v Carnot: Epic Battle of the Cycling Stars (TM) [/b][/i][/s][/u]: " "I invented parallel parking!" LOL ..."

San Franpsycho: "K-cups don't work for the amount of coffee we drin ..."

vmom stabby stabby stabby stabby stabamillion : "And all the Chinese parents burst out hysterically ..."

Recent Entries

Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
Powered by
Movable Type 2.64