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Government

No Deal: Fiscal Cliff Negotiations to Reconvene on New Year’s Eve With ‘Significant Distance’ to Bridge

Dec. 30, 2012 7:46pm Erica Ritz

Harry Reid: No Fiscal Cliff Deal Tonight, Reconvene New Years Eve

The Rotunda of the U.S. Capitol is seen as Congress convenes to negotiate a legislative path to avoid the so-called “fiscal cliff” of automatic tax increases and deep spending cuts that could kick in Jan. 1., in Washington, Sunday, Dec. 30, 2012. (Photo: AP)

Senate Majority Leader Harry Reid (D-Nev.) announced Sunday that any potential deal to avert the impending “fiscal cliff” would come with only hours to spare.

Combative as ever, Reid said he was pleased to hear that Republicans had withdrawn their suggestions for modifying Social Security benefits– before saying the suggestion never should have been made.

Reid continued: “There’s still significant distance between the two sides, but negotiations continue. There’s still time left to reach an agreement, and we intend to continue negotiations.”

If the country heads over the “cliff” on January 1, a litany of taxes are set to increase and automatic budget cuts to the military will begin. Republicans don’t want to see tax hikes for any income group, while Democrats want to raise taxes on families making over $250,000 a year (or “millionaires and billionaires” as they are referred to in most speeches).

The Washington Post summarizes Sunday’s developments:

Negotiations hit an impasse this afternoon, with Democrats accusing Republicans of insisting on Social Security being part of a deal and Republican accusing Democrats of refusing to make a counteroffer.

“We all know that we’re running out of time,” Senate Minority Leader Mitch McConnell (R-Ky.) McConnell said, offering to work “through the night” if needed. “I’m willing to get this done, but I need a dance partner.”

While most were hopeful that Congress would make significant progress on Sunday, secondary provisions are already being made.

(Photo: Twitter/GrahamBlog)

Sen. Joe Manchin (D-W.Va.) has even introduced the “Cliff Alleviation at the Last Minute” (CALM) Act, described by the Washington Post:

The measure would phase in the looming tax increases over three years, rather than all at once, and allow the Office of Management and Budget to pick which programs would be cut rather than having the across-the-board cuts contained in sequestration.

“This is not a great plan, merely a better plan than going over the cliff,” Manchin said of the proposal. “It should never have come to this.”

–

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Comments (75)

Small World
Posted on December 30, 2012 at 10:03pm
Fox news just reported that they are praying…..Please get real!!!

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- YankeeDelta68
  Posted on December 30, 2012 at 10:35pm
  I thought harry was dead just look like how old is he???
  
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- YankeeDelta68
  Posted on December 30, 2012 at 10:39pm
  you all know these POS in DC dont care about the peasants in this country .
  
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- Becks_Art_Obama_In_PeePee
  Posted on December 30, 2012 at 10:43pm
  “Fiscal Cliff negotiations”? Are you people THIS clueless?
  
  100 years of progressive communism (“Progressives” … get it?) has fed us the poison of socialism piecemeal. But there is no free meal. Over all that time, the Obamas of Washington DC have hidden our debt with borrowing and deficit spending.
  
  We’re broke!
  
  They have spent ALL our money through deceit (did you know that there has been NO BUDGET from Congress for years but they are still spending? can you say unConstitutional? can you say treasonous?). Our bill is coming due and our foreign debtors, with their troops (bill collectors), will show up at our door to claim THEIR property in lieu of our non-payment.
  
  America is crumbled by traitors from within and is fallen by foreigners (can you say “New World Order”?) without a fight:
  “DICTATORSHIP PLAN For America 2012!! :: Glenn Beck Names The TRAITORS & Exposes Their CONSPIRACY!!”
  http://www.youtube.com/watch?v=kAu_-UmERuo
  
  Report this comment
- Raging_Waters
  Posted on December 31, 2012 at 12:06am
  When does the March on D.C. begin? Because if they start taxing us and our employers into oblivion -on top of the Economy Tax- what’s left to lose besides taking our money back from these thieving dregs? At what point will tolerance reach its limit?…..
  
  Report this comment
- dballred
  Posted on December 31, 2012 at 3:02am
  I don’t think Congress prays very often–except possibly to pray for re-election or to the possibility that “she (or he) was actually over eighteen.” At this juncture, I don’t really mind. A do-nothing Congress is what we really need.
  
  Report this comment
SamIamTwo
Posted on December 30, 2012 at 9:57pm
And it has been known that turbo tax timmy was gonna rob the federal retirement system of 200B to give them some more “headroom” for the debt limit for several months. That’s the plan, kick the can down the road, create a cloud of dust, and send the sheep over the cliff. Timmy has done this THREE times under Obama…historically that is now a total of about 9 times. But those other times was over a period of 30 some odd years. And they said they would pay it back with interest…pfft. Even Regan robbed the retirement sys…they all dip into it when things get bad…but if you own a company and have retirement sys set up for your employees, you go to jail for robbing the retirement system…

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- soybomb315_II
  Posted on December 30, 2012 at 10:43pm
  seems like the worst laws are passed during holidays
  
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skippy6
Posted on December 30, 2012 at 9:57pm
But Obama said we are better off than four years ago…. What happened? Gee, where did this cliff come from..It is just sad that so many people refuse to see the light..This system will collapse, it is just a matter of time…Now with this liar in office there is little time. If you failed to be at least prepared at a minimal level I would say it’s never to late, but I would say you’d better hurry IMO…..

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TrUe.AmEriCaN
Posted on December 30, 2012 at 9:52pm
Pay close attention to what happends tomarrow folks, If Boehner and McConnell cave then we must find a way to immediately remove them from office because if we don’t live up to our word others in the party will see it as weekness and will continue with the foolish caving…………… PHONE, FAX or EMAIL your rep and senator and demand that they vote against any deal that gives Obama and dems even a fraction of what they are demanding.

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mrunner
Posted on December 30, 2012 at 9:30pm
Lets get over this cliff already! Let’s get this party started. No more kicking the can down the road. Let your voters feel the results of your folly and the pain from the mess you have created. I don’t want my daughter to have to pay for this mess. Lets feel the pain. Maybe your constituents will make better choices next time. ObamaZombie Apocalyse anyone?

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LeadNotFollow
Posted on December 30, 2012 at 9:17pm
Our Government is a joke. The whole world is laughing at us.

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- BODYBAG
  Posted on December 30, 2012 at 9:30pm
  Manchin introduces bill — “Cliff Alleviation at the Last Minute Act”
  http://thehill.com/blogs/floor-action/senate/274923-manchin-introduces-bill-to-soften-the-fall-from-the-fiscal-cliff
  
  It SHOULD be titled The “Im Just Doing Something Stupid To Be Doing Something Stupid Act”
  
  Report this comment
Parenthetical Comments
Posted on December 30, 2012 at 9:16pm
We should just go over the “cliff”, but the Republicans we’ve elected are cowards so there will be some kind of deal tomorrow in which the Democrats get most of what they want while the Republicans get nothing. Never the less Hoping against hope I will pray that we do go over the “fiscal cliff”, it is by far the best outcome.

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gyro
Posted on December 30, 2012 at 9:04pm
who wins if the market crashes wednesday?

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- Obtuseangler
  Posted on December 31, 2012 at 8:27am
  Gold and silver buyers.
  
  Report this comment
- Dismayed Veteran
  Posted on December 31, 2012 at 10:58am
  Everyone who is trading in puts. Traders make money in a bear market as well as a bull market. In fact it is easier to make money in a bear market. Think of the market as flight of stairs. It is easier to go down a flight of stairs than it is to go up a flight.
  
  Report this comment
possom
Posted on December 30, 2012 at 8:45pm
The camel can only hold so many straws before it braks so I better go get some more rope next yr might get interest”in!

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stopprintn
Posted on December 30, 2012 at 8:31pm
How about a little Gene Kelly (singing in the rain)

http://www.youtube.com/watch?v=D1ZYhVpdXbQ

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SpankDaMonkey
Posted on December 30, 2012 at 8:26pm
.
They’d get more done standing in a circle with their pants down…..

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- mrunner
  Posted on December 30, 2012 at 9:00pm
  I heard that they already have tried that multiple times.
  
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- mrunner
  Posted on December 30, 2012 at 9:14pm
  But Nancy Pelosi is large, thinks she is still in charge and the guys are kinda embarassed at her largess.
  
  Report this comment
- dealer@678
  Posted on December 30, 2012 at 9:41pm
  Sheila Jackson Lee with her pants down .Can you imagine the sideburns on that
  
  Report this comment
- SpankDaMonkey
  Posted on December 30, 2012 at 11:20pm
  .
  SJL would have Corn Rows LOL…….
  
  Report this comment
- MN NICE
  Posted on December 30, 2012 at 11:55pm
  Dammit… Gonna be tough gettin to sleep tonight after that nasty mental picture!
  
  Report this comment
Snowleopard {gallery of cat folks}
Posted on December 30, 2012 at 8:16pm
Translation – Obama’s narcissism and Reids Obstructionism have intervened once again; they want us to go over the cliff and are already engaged in hyper-media wars to place the blame solely on Republicans while making Obama the Communist in Chief appear saintly.

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- gyro
  Posted on December 30, 2012 at 9:02pm
  good plans tale a lot of planning over a long time
  
  Report this comment
TRILO
Posted on December 30, 2012 at 8:15pm
Just watch. A magical deal will be made in the 12th hour of the last day. No one will know what is in it but they will all come to one inspirational agreement just in the nick of time to save the country from financial ruin. Too bad the American citizen, especially the productive class will get hosed. Plus NOTHING will be solved. But hey, lies are truth and perception is realty these days.

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- MN NICE
  Posted on December 31, 2012 at 12:16am
  Yup… We won’t even get a kiss with our scr ew…
  
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SamIamTwo
Posted on December 30, 2012 at 8:11pm
All they are going to do is to kick the can down the road and rob the federal retirement system for the third or fourth time in less than two years.

Before Obama, the federal retirement system was robbed about 6 times…Obama quickens the process.

Next stop, Greece!

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- Snowleopard {gallery of cat folks}
  Posted on December 30, 2012 at 8:17pm
  Beyond Greece, complete economic implosion, which is what they want.
  
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- DadRocked
  Posted on December 30, 2012 at 8:25pm
  SAMI – If we’re going to be turning to Greece I thought that you would like to see your post in greek…
  
  Όλα αυτά που πρόκειται να κάνουμε είναι να κλωτσάω το μπορούμε να τον δρόμο και να ληστεύω Ομοσπονδιακή συνταξιοδοτικού συστήματος για τρίτη ή τέταρτη φορά σε λιγότερο από δύο χρόνια.Πριν από το Ιράκ, το σύστημα συνταξιοδότησης Ομοσπονδιακή αποστερήθηκε περίπου 6 φορές…Obama πυκνώνει η διαδικασία.Επόμενη στάση, Ελλάδα!
  
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freenj
Posted on December 30, 2012 at 8:11pm
The dumbest politicians ever elected, will allow this Country to become financially insolvent.
May they all rot in H*ll.

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denkat56
Posted on December 30, 2012 at 8:08pm
As I said before, walk away. Let pelosi and reid live with it. Enough of the crap, enough of the press and media involvement. Let the dens put their names all over this.

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GhostOfJefferson
Posted on December 30, 2012 at 8:04pm
Kabuki theatre, how novel.

Maybe we can all sit a twitter and maybe call and beg them to “save us” from their incompetence…more than we do now.

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- RJJinGadsden
  Posted on December 30, 2012 at 8:10pm
  Have to agree with GHOST, have to agree!
  
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- chips1
  Posted on December 30, 2012 at 8:22pm
  Another news story stated that the Politicians that the Tea Party got elected were refusing to give in to the Democrats. There are 40 or 50 of them. If this is true, I want to congratulate them for fighting back. To me, this was good news. The Tea Party isn’t going anywhere, but I have my doubts about the RINO’s. Anyone else hear about it?
  
  Report this comment
- Platonician
  Posted on December 30, 2012 at 8:37pm
  @chips1
  Yes, the Tea Party members of Congress are resisting, but they have powerful enemies facing them: on one hand Obama and his thugs on the other Boehner and McConnell, who want to concede to Obama.
  
  Report this comment
AmericanStrega
Posted on December 30, 2012 at 8:04pm
So once again congress waits until the last minute to do anything. And anything they do will not change the fiscal he** that will come raining down on the average tax-paying American Citizen. I really think those on the “Hill” either haven’t got a clue what average tax-paying American Citizens want or they’re ALL stalling to destroy this country so they ALL can rebuild it to their own liking. I’ve read posts on other articles were people are demanding term limits, no perks for congress, etc, etc, etc…I agree, but We The Average Tax-Paying American Citizen cannot change congress. They make the laws and We The Average Tax-Paying American Citizen cannot do a frigging thing about it. Some say, “We’ll vote them out.” Right, just to elect who we’re told to elect to further their cause. Let’s face it America, we’re screwed and there’s not a damn thing we can do about it.

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denkat56
Posted on December 30, 2012 at 8:04pm
You people are nuts, let Obama take it on his shoulders, let him be the blame for it. Walk away, just walk away. Let the dems hold the bag. They put 16 trillion dollars in debt let them live with it, let them own it.

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RoDogg
Posted on December 30, 2012 at 8:03pm
I wish they would stop pretending and just admit that they are going to blame each other when its all said and done!

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- DadRocked
  Posted on December 30, 2012 at 8:53pm
  “blame each other when its all said and done!”
  
  But we WILL be paying the price… If you had lived through the Carter administration, then you understand that that was small potatoes of what is right around the corner.
  
  Report this comment
SamIamTwo
Posted on December 30, 2012 at 8:03pm
Obama slapping down republicans while they were trying to negotiate with Reid is not a good tactic. JIMHO.

When will the msms take this man down??? NEVAR!!

Reid sucks but we knew that.

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legendarytwo
Posted on December 30, 2012 at 8:01pm
Democrats didn’t mind supposedly falling on the sword for socialized health care. Republicans in the House need to supposedly fall on the sword and shut this government down over the debt ceiling. At that point they might get a little respect from Obama and Reed. I bet they will start listening then.

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Fubared
Posted on December 30, 2012 at 7:59pm
Bring it on. So much fun will be had by all once the EBT/SNAP cards read 0. Weeee. Hopefully congress will be in session when 90% of the inhabitants of DC realize what be up. Yo.

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Anamah
Posted on December 30, 2012 at 7:57pm
Reid acts as a sadist pervert. His behavior seems to show him as a deeply sick individual.

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- SamIamTwo
  Posted on December 30, 2012 at 8:03pm
  The man is corrupt, no doubt!
  
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- DadRocked
  Posted on December 30, 2012 at 8:57pm
  The man, his family and families are financially secure and prepared for the upcoming fiscal storm and have no or little concern.
  They will be kickin’ back, watching the storm pass as the country bottoms out until its recovery.
  He wrote the rules and knows how this ‘game’ is going to be played out…
  
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Lordchamp
Posted on December 30, 2012 at 7:55pm
Oh the drama. We’re already over the cliff and just waiting for it to fall on us and cover us.

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- Small World
  Posted on December 30, 2012 at 10:01pm
  Ditto…nothing but theater !!!!
  
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