Forum Settings
       
« Previous 1 2
Reply To Thread

Debt BillFollow

#1 Aug 03 2011 at 8:14 AM Rating: Decent
Official Shrubbery Waterer
*****
14,659 posts
Based on the news reports that I've read, and the opinion pieces that came out this morning, it seems that literally nobody is happy about the new debt limit bill that was passed yesterday. Republicans don't like it because it doesn't include specific entitlement cuts, but may end up including cuts to defense spending. Democrats don't like it because it doesn't include specific tax increases, but may include cuts to social welfare programs. Neither party seems to like the idea of tasking a 12-member committee with compromising to cut $1.5 trillion, or the idea of revisiting the entire ordeal in a few years, when they will likely pass additional legislation that guts the current bill and precludes them from making any of the hard decisions that this bill supposedly requires. This is the textbook definition of a political punt.

To piggyback on Smash's earlier thread, this appears to me to be a very clear example of the lack of leadership from PotUS. Other than the closed-door negotiations with Boehner, Cantor and Reid (which didn't produce anything except for juicy tabloid-esque headlines), he basically just kept repeating "I'm the only grown-up in the room!" while letting the House GOP completely drive the debate.

Seriously, man; show some backbone. Smiley: mad

Edit: Whoops, looks like this discussion is already going on; this is what I get for not reading all of the other threads.

Edited, Aug 3rd 2011 9:16am by Demea
____________________________
Jophiel wrote:
I managed to be both retarded and entertaining.

#2 Aug 03 2011 at 8:24 AM Rating: Good
Avatar
*****
13,240 posts
The bill pretty crappy. Basically the only group that likes it are the lobbyists of those segments of the budget that are under the microscope.
____________________________
Just as Planned.
#3 Aug 03 2011 at 8:27 AM Rating: Excellent
*******
50,767 posts
Expected it would be a clusterfuck with no one being happy in the end. So yay to predictability, I guess.
____________________________
George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
#4 Aug 03 2011 at 8:38 AM Rating: Excellent
*****
12,049 posts
Quote:
Seriously, man; show some backbone.

Just curious, what did you hope he would do? Get the senate to vote against any bill that didn't increase taxes; an impossibility with a GOP-dominated House? Veto any bill that came to his desk that didn't increase taxes (I believe an impossibility, since it passed with more than 2/3 of the senate approving)?

I don't think there was much Obama could have done differently, so I'm curious what you had hoped he would do. If he blocked the bills, he would have been shooting himself, his party, and the country in the financial foot.
#5 Aug 03 2011 at 8:41 AM Rating: Excellent
What really strikes me is the fact that no one listened to the debt rating agencies telling us we needed to get the debt under control. Even if the 1 trillion over 10 years actually happens (it won't) and they actually find 1.5 trillion more over 10 years (they won't), we'll still add another 6-8 trillion in debt over that time frame because of the built in increases in spending. That assumes rosy growth predictions and the lapsing of the "Bush tax cuts" (which Obama extended).

Cut the budget, cap the spending, pass a balanced budget amendment to the constitution. It had bipartisan support in the House.
#6 Aug 03 2011 at 8:41 AM Rating: Excellent
Skelly Poker Since 2008
*****
16,781 posts
Smiley: nod

I give credit for this fiasco to the our dysfunctional legislature.
____________________________
Alma wrote:
I lost my post
#7 Aug 03 2011 at 8:51 AM Rating: Excellent
Liberal Conspiracy
*******
TILT
Demea wrote:
Republicans don't like it because it doesn't include specific entitlement cuts, but may end up including cuts to defense spending. Democrats don't like it because it doesn't include specific tax increases, but may include cuts to social welfare programs.

It will absolutely contain defense cuts, an immediate $330 billion and another $600 billion in November if a bipartisan agreement isn't made in the "super committee". So nearly a trillion dollars is on the table there.

The agreement exempts Social Security and Medicare benefits. There's a trigger for Medicare cuts but it's a 2% cut in payments to physicians, not a cut to benefits. Of course, there's a lot of other non-defense discretionary spending areas to potentially complain about.

If Republicans were serious about the issue, they'd have accepted Obama's $4.3 trillion plan. If Speaker Boehner had more control over his caucus than Grover Norquist does, they would have done so. They're not and he doesn't so here we are.
____________________________
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#8 Aug 03 2011 at 8:53 AM Rating: Excellent
Liberal Conspiracy
*******
TILT
MoebiusLord wrote:
Cut the budget, cap the spending, pass a balanced budget amendment to the constitution. It had bipartisan support in the House.

The same sort of "bipartisan support" you lauded from the House healthcare bill, right? Smiley: laugh
____________________________
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#9 Aug 03 2011 at 8:57 AM Rating: Good
Official Shrubbery Waterer
*****
14,659 posts
Jophiel wrote:
If Republicans were serious about the issue, they'd have accepted Obama's $4.3 trillion plan. If Speaker Boehner had more control over his caucus than Grover Norquist does, they would have done so. They're not and he doesn't so here we are.

This is kind of my point. The GOP rejected Obama's plan, and he didn't press the issue, but instead gave them serve and sat back while all the while poo-pooing their proposals until it was time to sign the bill.

Politically, it allows him to say he had no significant part in crafting the final bill which, again, everybody seems to hate. But he's the Bob-damned President; he *should* have a significant role in this type of legislation besides watching from the sidelines and shaking his head in disapproval.
____________________________
Jophiel wrote:
I managed to be both retarded and entertaining.

#10 Aug 03 2011 at 9:00 AM Rating: Excellent
Liberal Conspiracy
*******
TILT
Demea wrote:
but instead gave them serve and sat back

Smiley: confused

You never answered Locke's question, so I'll ask it again: What exactly should he have done? When you have a group of people who care more about some conservative think tank's opinion and welcome the idea of a government default and their leader is powerless to sway them, what's your plan?
____________________________
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#11 Aug 03 2011 at 9:04 AM Rating: Good
Jophiel wrote:
MoebiusLord wrote:
Cut the budget, cap the spending, pass a balanced budget amendment to the constitution. It had bipartisan support in the House.

The same sort of "bipartisan support" you lauded from the House healthcare bill, right? Smiley: laugh

They had to buy fewer of their cross-aisle votes than the President did.

Jophiel wrote:
When you have a group of people who care more about some conservative think tank's opinion and welcome the idea of a government default and their leader is powerless to sway them, what's your plan?

I can't help buy wonder why you continue to espouse the position that there would have been a default, when that is clearly not true, regardless of what the President's Treasury Secretary was told to say any time he had a mic in front of his face.
#12 Aug 03 2011 at 9:07 AM Rating: Good
Official Shrubbery Waterer
*****
14,659 posts
I really would have liked to see him be more effective in setting the boundaries of the debate, although I admittedly have no specific ideas as to how he could have done that.

I'm just really venting some frustration at the whole debacle, and expressing some general disappointment with what I see as a consistent problem with his term in office so far. He seems to be too willing to let Congress drive the debate, although his increased use of national press conferences to discuss the debt issue were a welcome change of tactic.
____________________________
Jophiel wrote:
I managed to be both retarded and entertaining.

#13 Aug 03 2011 at 9:07 AM Rating: Good
Jophiel wrote:
If Republicans were serious about the issue, they'd have accepted Obama's $4.3 trillion plan. If Speaker Boehner had more control over his caucus than Grover Norquist does, they would have done so. They're not and he doesn't so here we are.

This is a complete load of sh:t. There was no 4.3 trillion dollar plan any more than there is a 2.5 trillion dollar plan now. No congress can restrict a future congress's spending. Unless you're willing to pass an amendment restricting (capping) spending, you're at the whim of whoever gets put in power next term.
#14 Aug 03 2011 at 9:08 AM Rating: Good
Liberal Conspiracy
*******
TILT
MoebiusLord wrote:
They had to buy fewer of their cross-aisle votes than the President did.

It would have been fewer keystrokes to type "You're right" Smiley: smile

Quote:
I can't help buy wonder why you continue to espouse the position that there would have been a default, when that is clearly not true

Mmm-Hmmm... I'd wonder why you espouse your view except I already know where your radio is tuned over lunch.
____________________________
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#15 Aug 03 2011 at 9:34 AM Rating: Excellent
Jophiel wrote:
MoebiusLord wrote:
They had to buy fewer of their cross-aisle votes than the President did.

It would have been fewer keystrokes to type "You're right" Smiley: smile

Not as much fun, though.

Jophiel wrote:
Quote:
I can't help buy wonder why you continue to espouse the position that there would have been a default, when that is clearly not true

Mmm-Hmmm... I'd wonder why you espouse your view except I already know where your radio is tuned over lunch.
Actually, lunch is the only time it's not tuned there. I listen to MPR over lunch.
#16 Aug 03 2011 at 2:26 PM Rating: Decent
Encyclopedia
******
35,568 posts
Jophiel wrote:
Demea wrote:
Republicans don't like it because it doesn't include specific entitlement cuts, but may end up including cuts to defense spending. Democrats don't like it because it doesn't include specific tax increases, but may include cuts to social welfare programs.

It will absolutely contain defense cuts, an immediate $330 billion and another $600 billion in November if a bipartisan agreement isn't made in the "super committee". So nearly a trillion dollars is on the table there.


The $330B coincidentally matches the yearly cut agreed to earlier this year by the GOP anyway. Remember? The one where the Dems wiggled out of giving up much of any cuts to non-defense discretionary spending? So the GOP simply extend the same cuts they agreed to this year for the next 10 years, but this time instead of broken promises by the Dems, they have a bare minimum trigger which requires equal amounts of non-defense spending cuts if a deal isn't reached.

You keep failing to mention that if that trigger with the $600B defense cuts goes into play, it also requires $600B non-defense cuts. The GOP is more than willing to allow the defense cuts if this time it actually means we cut the non-defense stuff for once. The fall back is literally a better deal than the GOP has been able to get out of the Dems ever. That's why the Dems don't like it.

The GOP doesn't like it not so much because of the spending cuts to defense (that's really a strawman the left uses to claim that the GOP likes to spend too!), but that the super committee recommendations might include tax rate changes which the GOP is strongly opposed to. The position they really care about it that we should not raise taxes. Period. Everything else is negotiable.


Quote:
If Republicans were serious about the issue, they'd have accepted Obama's $4.3 trillion plan. If Speaker Boehner had more control over his caucus than Grover Norquist does, they would have done so. They're not and he doesn't so here we are.



That's a joke and you know it. There was no $4.3T plan Joph. Obama presented a vague set of ideas, guessed it would save X amount of money and never bothered to follow up on it even to the point of writing enough down to be scored. Which kinda goes to the whole point of him being a weak leader.


Obama talks a great talk, but fails to walk the walk. And after a few years, the public has realized this.
____________________________
King Nobby wrote:
More words please
#17 Aug 03 2011 at 2:32 PM Rating: Excellent
Liberal Conspiracy
*******
TILT
gbaji wrote:
The $330B coincidentally matches the yearly cut agreed to earlier this year by the GOP anyway. Remember?

So does the non-defense cuts. They're based off the decisions made in the Biden talks. I was elaborating on Twiz's "may include..." remark. Settle down.

Quote:
You keep failing to mention that if that trigger with the $600B defense cuts goes into play, it also requires $600B non-defense cuts.

lrn2read? Granted, I wasn't explicit but since Twiz seemed to have a decent grasp on it, I assumed he knew this and just elaborated on that point as well. It's funny because you keep trying to have an argument on points that were either never made or points that were made but you're ignoring so you can yammer about how no one has made them.

Quote:
That's a joke and you know it.

Nope. 100% true.

Edited, Aug 3rd 2011 3:35pm by Jophiel
____________________________
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#18 Aug 03 2011 at 2:37 PM Rating: Decent
Encyclopedia
******
35,568 posts
Jophiel wrote:
gbaji wrote:
The $330B coincidentally matches the yearly cut agreed to earlier this year by the GOP anyway. Remember?

So does the non-defense cuts.


Which non-defense cuts? IIRC, there were only a few billion in non-defense cuts agreed to as a result of the discretionary budget negotiations earlier this year. Anything is going to be more than what we got then.

Quote:
Quote:
That's a joke and you know it.

Nope. 100% true.


Really? He wrote a proposed bill? He had a member of his party submit it? It was scored by the CBO? Do you have a cite for this?
____________________________
King Nobby wrote:
More words please
#19 Aug 03 2011 at 2:39 PM Rating: Excellent
Liberal Conspiracy
*******
TILT
Get your news from somewhere and get back to me. You obviously have no clue about the Biden negotiations or anything else. I'm tired of spending these threads trying to educate you on the 101 level information and listening to you howl about how the advanced level stuff is all wrong because you don't believe it.

Go ahead now and cry about that instead. Anyone who has read these threads over the last few months knows exactly what I'm talking about.
____________________________
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#20 Aug 03 2011 at 3:14 PM Rating: Decent
Encyclopedia
******
35,568 posts
Jophiel wrote:
Get your news from somewhere and get back to me. You obviously have no clue about the Biden negotiations or anything else.


Oh wait! You were talking about the Biden stuff which went nowhere and which no one who wasn't slavishly following liberal blogs paid much mind to? I'm sorry, but when were they ever even remotely close to any deal, much less one with 4.3T in cuts? Oh wait! They weren't.

It was liberal PR Joph. Everyone but you apparently realized this.
____________________________
King Nobby wrote:
More words please
#21 Aug 03 2011 at 3:21 PM Rating: Excellent
Liberal Conspiracy
*******
TILT
No, I'm serious. Write out a real, complete and cited post, with links, demonstrating a comprehensive understanding of the debate and the history of who did what. Manage that and I'll bother with you. Right now, you're just ignorant.

I don't expect you'll actually do this and that's fine. Talking to me isn't such a treat that people will do homework for it. But understand why I'm not bothering.
____________________________
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#22 Aug 03 2011 at 4:31 PM Rating: Decent
Encyclopedia
******
35,568 posts
Jophiel wrote:
No, I'm serious. Write out a real, complete and cited post, with links, demonstrating a comprehensive understanding of the debate and the history of who did what. Manage that and I'll bother with you. Right now, you're just ignorant.


You're kidding, right? How about you write our a real, complete and cited post detailing the 4.3T debt deal you mentioned earlier and which I said was just a PR stunt by the left.

You're the one who made a big deal about this other plan which would have been so much better for everyone. Yet when I challenge you on this, you insist that I provide sources? Really? LOL!!!

You made the claim Joph. You back it up. If you can't, then I'll happily place just as much weight on your whole "They should have gone with the 4.3T deal" as it deserves: None.
____________________________
King Nobby wrote:
More words please
#23 Aug 03 2011 at 4:37 PM Rating: Decent
Encyclopedia
******
35,568 posts
But hey! Just so you can't claim I don't toss you a bone from time to time. Here's some highlights of the results of a google search on "Biden Negotiations":

Debt Ceiling Negotiations Led By Joe Biden Face Daunting Odds

Dem taunts Cantor on leaving Biden negotiations

Biden debt meeting cancelled after Cantor quits negotiations

Cantor, Kyl: Biden-Led Budget Negotiations at Impasse

Biden-led deficit talks resume Tuesday as negotiations catch speed

Biden's Negotiations Dealt a Setback

Budget Negotiations: Biden's Gang Gets Started

Biden's Debt Negotiations Going Nowhere Fast

No Tax Hikes: Walking Away from Biden-led Negotiations was Right Call



That's the first page of results. Which pretty much matched the occasional news story I saw about it. It was a whole lot of nothing Joph. But feel free to try to insist that there was any sort of real deal even remotely close to being discussed there.
____________________________
King Nobby wrote:
More words please
#24 Aug 03 2011 at 4:45 PM Rating: Decent
Liberal Conspiracy
*******
TILT
So... can't do it, huh? That's fine. Let me know when you learn something.
____________________________
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#25 Aug 03 2011 at 7:31 PM Rating: Decent
Encyclopedia
******
35,568 posts
Jophiel wrote:
So... can't do it, huh? That's fine. Let me know when you learn something.


So you can't provide any source for your claim, huh? You made the claim Joph, not me. Burden's on you to show that Obama actually put a real deal on the table and that the GOP somehow missed out by failing to go for it. You and I both know that's just a talking point though, right? The whole thing was cooked up so that the administration would offer something they knew the GOP would never go for precisely so that the left wing pundits and bloggers could rail on about how the GOP refused a perfectly reasonable offer and so it's all their fault that a deal wasn't reached.


Pretty much everyone saw through it though, which makes one wonder why you decided to bring it up so late in the game. If Obama's proposal was so great, then why do you think it failed to become law? Take your time and think about that. It might just dawn on you.

Edited, Aug 3rd 2011 6:31pm by gbaji
____________________________
King Nobby wrote:
More words please
#26 Aug 03 2011 at 8:05 PM Rating: Good
Liberal Conspiracy
*******
TILT
Still getting your news from nowhere Smiley: smile

See, I'm not interested in trying to prove things to you because past threads have shown that you'll just say "Oh no! That's not true! Those are just, um, like ultra-liberal sources and stuff!" before going back to your spoonfed talking points.

So when you can show me that you have even a basic understanding (and are getting your news from somewhere), we'll talk. Delaying this by stomping your feet and saying you don't have to display this much won't get us any closer.
____________________________
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
« Previous 1 2
Reply To Thread

Colors Smileys Quote OriginalQuote Checked Help

 

Recent Visitors: 238 All times are in CST
Anonymous Guests (238)