Friday, November 30, 2012

McConnell's counter-offer: now who's laughing?

It was widely reported (by Mitch McConnell) that the Senate Minority Leader laughed when Treasury Secretary Geithner presented President Obama's proposal on how to avoid the so-called "fiscal cliff."

Now Senator McConnell has proposed a counter-offer.
In an interview in his Capitol Hill office, Mr. McConnell (R., Ky.) said if the White House agrees to changes such as higher Medicare premiums for the wealthy, an increase in the Medicare eligibility age and a slowing of cost-of-living increases for programs like Social Security, Republicans would agree to include more tax revenue in the deal, though not from higher tax rates.
Here's how Steve Benen characterizes that:
...the Senate GOP leader envisions an agreement in which Republicans get the Medicare cuts they want, Republicans get the Social Security cuts they want, and Republicans get the tax rates they want. In exchange, McConnell would give Democrats Mitt Romney's revenue plan.
For my response, I think I'll just go with this:
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4 comments:

  1. I think it was here (maybe not) that I read that Obama said he was confident there would be a deal in 6 months, meaning he was also confident we would "go over" the "fiscal cliff" temporarily. This certainly fits that scenario.

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    1. Yep - that was here.

      McConnell is very aware that NOTHING moves forward without an increase in the tax rates for the wealthy. So this is simply posturing.

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  2. Nobody should pay too much attention to the opening positions in this budget negotiation. There is so much posturing going on right now--on both sides--it isn't even funny. Actually it is kind of funny, but only if you think they are serious, which they're not. We'll find out whether either side is serious about making a deal in the next two or three rounds. And the real negotiations, as opposed to the public posturing, will probably take place in secret. http://www.hopeandchange.net/2012/11/opening-bids.html

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  3. Hey the FED and their cohorts (the puppet masters behind the Republican party) stole thirty thousand dollars of my net value in a week a few years back. Since all this Fiscal Cliff BS is just another attempt to take a big chunk o my ass and yours (Mitt, you can stop reading this) maybe, just maybe, all of the ignorant suckers (read non millionaire republicans) will finally pull their loyalty and the Republican party will go the way of the Whig party... they outspent us by 100 to 1 and they couldn't get a majority... way to go America, give yourself a cookie.

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