Showing posts with label Fiscal Cliff. Show all posts
Showing posts with label Fiscal Cliff. Show all posts

Wednesday, January 02, 2013

Shocker: Government shirks responsibility, again

The deal approved today is truly a missed opportunity to do something big to reduce our long-term fiscal problems…”
- from a statement released Tuesday, by Alan Simpson and Erskine Bowles, co-chairs of a bipartisan deficit reduction committee
If you don’t stand broadly and shoulder the responsibilities of governing, there should be no surprise when the house of cards you’ve tried to build over the last two years comes crashing down around you. That’s what happened over New Year’s Day, when the Senate, and then the House, passed an overwhelmingly bipartisan bill that mitigated the effects of the final sunset (thank God) of the Bush tax cuts.

As a solution to the so called “fiscal cliff,” the Senate version of a  revamped House bill falls short of averting every slippery rock on the way to the economic edge, but it was the only lifeline of agreement left after Speaker of the House, John Boehner (R-OH), turned down the president’s offer of early December, refusing to take the same tack with his caucus that he essentially was forced to take Tuesday night. Since he dropped the ball the White House handed him, Boehner had to make do with the cold, meatless bone of a compromise worked out between Sen. Mitch McConnell (R-KY) and Vice President Joe Biden.

READ THE ENTIRE ARTICLE>>>

Tuesday, November 20, 2012

Fiscal cliff compromise a wolf in elephant's clothing

Here we go again. The Republicans are skipping down the path toward obstructionism, aiming to get away with doing the least by convincing us it is the most they can do. It isn't. They will give it another sham title like "Tax Reform." It won't be. They're saying it will increase significant revenue by being "fair" to the middle class and the "job creators." It won't, and it isn't.

"The math tends not to work," said President Obama, at his first post-election press conference, last Wednesday. While he agreed with recent statements by Speaker of the House, John Boehner (R-OH), that "there are loopholes that can be closed, and we should look at how we can make the process of deductions, the filing process easier, simpler," the president added, "what I'm not going to do is to extend further a tax cut for folks who don't need it, which would cost close to a trillion dollars."

By focusing only on closing loopholes and changing the tax code, the Republicans are actually taking aim at middle class households. The top two percent aren't the only ones who benefit from deductions.

READ THE ENTIRE ARTICLE...

-PBG

Wednesday, November 07, 2012

For Obama, it's really always been about unity

From VOA - Obama Victory Celebration, Chicago 11-7-2012
President Obama, Vice President Biden and their
families celebrate their reelection, in Chicago, early
Wednesday morning. (From Voice of America video

If there was ever a question about which commitment President Barack Obama has made in his life that will live beyond his presidency, it is his stubborn belief that a united America, without the distraction of division, can and will accomplish great things. Regardless of whether he is able to reach effective but difficult compromises with the Republican led House of Representatives over the next two to four years, he will always be remembered for the clarion call for unity he sounded in his 2004 speech to the Democratic National Convention. He doubled down on that plea early Wednesday morning, when, in victory, he addressed thousands of supporters in Chicago.
"I believe we can seize this future together," he said, "because we are not as divided as our politics suggest; we're not as cynical as the pundits believe; we are greater than the sum of our individual ambitions; and we remain more than a collection of red states and blue states. We are, and forever will be, the United States of America."
House Speaker John Boehner (R-OH) and Senate Minority Leader Mitch McConnell (R-KY) can take the stage and argue with the White House and the Senate majority over revenues and deficits and the fiscal cliff, but in the face of a voting public hungry for Washington to set aside its differences, it makes them and their caucuses seem small and petulant, mice in the face of the human sized task of serious governance. It is a task the president seems ready for.

READ THE ENTIRE ARTICLE...