‘Real News From The Blaze:’ Congress Heads for the Fiscal Cliff
- Posted on May 23, 2012 at 7:23pm by
Christopher Santarelli
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The nonpartisan Congressional Budget Office released a new study Tuesday reporting that the economy will shrink 1.3 percent in the first half of next year if the government is allowed to fall off the so-called “fiscal cliff” on January 1: allowing Bush-era tax cuts to expire and sheduled round of automatic spending cuts. Republican House Speaker John Boehner has been vocal in recent weeks begging Democrats to come to the table to tackle the debt ceiling part of the problem now rather than after the election in November. Democratic Senate Majority Leader Harry Reid has been cold on that idea though, reinforcing Tuesday that Senate Democrats will not even consider extending the tax cuts until after the fall elections. The Washington Examiner reports on Reid’s confusing response to Republicans interested in moving forward on dealing with the fiscal cliff:
Senate Majority Leader Harry Reid, D-Nev., wrote to Republicans Tuesday, accusing them of caring only about “tax breaks for multimillionaires.”
Reid didn’t directly address the need for the tax cuts, but ripped Republicans for refusing to consider a deficit-cutting plan that would increase taxes in addition to further slashing spending.“Unfortunately, it appears the that the Republicans’ blind adherence to Tea Party extremism is making it impossible to reach this sort of balanced agreement before the election,” Reid wrote.
On “Real News” Wednesday, the panel was joined by James Otteson of Yeshiva University to discuss how dire the situation is regarding the fiscal cliff, and what can be done on Capitol Hill to deal with the situation. Watch a clip from Wednesday’s show:
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truther2
Posted on May 24, 2012 at 9:42pmInquiring minds want to know: How did the Wealthiest Country, and the Leading Creditor Nation in 1972; become the Poorest, and Leading Debtor Nation by 2010? Further, how did the Poorest Country, supposedly with an Evil Government, become one of the Richest Creditor Nation’s in the World during the SAME time period?
Why is the U.S., essentially in Default, because it has to Print Money (and worthless at that), to pay it’s Bills on Time? Why does the Evil Country have $3.2 Trillion Dollars in it’s Reserves; and, have to be begged to loan us money to keep us afloat?
Why does the U.S, pay for 85% of the, “Evil One’s,” Military Budget on a yearly basis – - with just the interest earned from the money they loan the U.S?
It would seem to some that the Record clearly shows that State Controlled Capitalism has trumped Predatory Capitalism during the past 35 years.
Yet, many of the Posters here fail to see what has happened. Instead, they want to engage in hate, lies, racism, and the pronouncements made by extremists on both the Right and the Left.
Listen up – - one more time . . . Democrats Tax and Spend, and The Republicans Borrow and Spend; with the OUTCOMES being ESSENTIALLY the SAME! The System is Corrupt to the Core. The Government is no longer legitimate – - in terms of what the Founding Fathers created and put into place. Further, Left or Right – - makes no difference – - the Shadow Government composed of the Super Rich, are now running the sh
Report Post »rickc34
Posted on May 26, 2012 at 12:56amWhy with the guidance of President Barrack Obama of course. It was only with his lack of leadership skills that brought us to this point.
Report Post »Lgbpop
Posted on May 24, 2012 at 8:00pmGive me a freaking break. The CBO are a bunch of nonpartisan fools – this country went off the fiscal cliff when Obama’s stimulus plan and Obamacare were voted into law. We are in free fall now. No more debt ceiling hikes, no more taxes, cut spending on frivolous nonsense.
Report Post »rickc34
Posted on May 23, 2012 at 10:18pmFirst mistakes was bailing out gm and chrysler they would have made it without taxpayer money . Second was dishing out millions on green energy to pay back supporters. Third is not knowing how to be the President . He does not know what he is doing without his telepromters he sound like Jay carney du du du du. Having harry ried running the senate who is the real problem that congress is doing so bad. The republicans need to stand firm and say no to Obama if he won’t work with them to lower spendng. Raising taxes for what so he can go on another vacation. Man I would love to see him go against Newt or Karl Rove one on one in a debate. Obama would be going du du du du
Report Post »lukerw
Posted on May 23, 2012 at 8:00pmThe American House of Cards is getting read to fall… for, ever since Obama, Democats have feed the CBO estimates upon Revenue based upon an ever growing Economy… and none of their numbers work out… which were used in justification of ObamaCare & Stimulus!
Report Post »Snowleopard {gallery of cat folks}
Posted on May 23, 2012 at 7:57pmReid and Obama want the nation to go off a cliff; expect them to start the fear and chaos campaign again as the elections approach and the debt ceiling battle prepare.
Report Post »walkintruth
Posted on May 24, 2012 at 2:15pmBut the other day Obama is taking credit for the rebound of the country. According to him, he saved our country from disaster. So he is lying to the nation (especially those who are not taking the time to do the research), about the economy. He will have to some how tell them that it is the fault of the right that we suddenly went in to a recession. This will probably occur when they don’t allow the Bush tax cuts to expire.
Report Post »progressiveslayer
Posted on May 23, 2012 at 7:44pmThe mealy mouthed Reid is another example of a lifetime politician,a greedy bastard who became a multi millionaire working as a ‘public servant’,That servant gig really pays well,that’s why they stay in it until they die.Our founders never envisioned lifetime politicians and with good reason because they become corrupt and drunk on the power and money they attain while being a ‘public servant’.
The democrat playbook never changes,tax the ‘rich’ to pay for more unconstitutional programs.The answer to our problem is purge the republican party of all RINOS and try to vote out all the democrats ie communists we can and the first red heathen we fire will be the skinny Marxist fraud of a president currently dismantling capitalism.
Report Post »justangry
Posted on May 23, 2012 at 7:43pmTax cut?! Only since they gave us a tax increase. Stop spinning $hit. The payroll tax was only supopsed to be temporary to pay for the war to begin with. Since they’ve been nickle and diming us to death with fees, and taxes luxury taxes, licenses, etc. I had to pay $100 damn dollars to the DMV on my birthday for a sticker that cost less than a penny to make. Is that not a tax? It doesn’t cost that much to protect our freedom and that should be their only job.
Report Post »kindling
Posted on May 23, 2012 at 9:23pmThe only job the federal government is supposed to be doing is protecting us…..borders, food, and from government. They have failed on all counts and now we are trying to protect ourselves from the government.
Report Post »moussiagilda
Posted on May 23, 2012 at 7:43pmAnd rightly walks away from it, their eyes having been opened. Your idiotic pessimism.
I love it. But I guess many wandering, fogbound souls find it depressing.
Report Post »doomytram
Posted on May 23, 2012 at 7:38pmRecovery Summer III Starring Barack Hussein Oblamer and Joe Bite me…. co staring Nancy Pelosi, Harry Reid, Chuck U Shumer, Dick Turbin, and Hillary Rodham Clinton.
He has been campaigning for the Presidency since 2006 NON — STOP!! Capital Hill is Pathetic!!!
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