Obama: Boehner’s cliff counteroffer is “still out of balance”

posted at 3:31 pm on December 4, 2012 by Erika Johnsen

Echoing the sentiments delivered by his communications director after the GOP sent over their fiscal-cliff counteroffer yesterday afternoon, President Obama personally dismissed the Republicans’ proposal out of hand during an interview with Bloomberg TV.

OBAMA: Well, I think that, you know, we have the potential of getting a deal done, but it’s going to require what I talked about during the campaign, which is a balanced, responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows.

And unfortunately, the speaker’s proposal right now is still out of balance. You know, he talks, for example, about $800 billion worth of revenues, but he says he’s going to do that by lowering rates. And when you look at the math, it doesn’t work.

And so what I’ve said is that I am prepared to work with the speaker and Democrats and Republicans to go after excessive health care costs in our – in our federal health care system. We’re going to have to strengthen those systems, and I think we can do that without hurting seniors, without hurting beneficiaries. I think that, you know, there’s probably more cuts that we can squeeze out, although we’ve already made over $1 trillion worth of spending cuts.

And White House Press Secretary Jay Carney of course had his own bit of spin on the matter during the press briefing Tuesday afternoon, after some grilling from Ed Henry (click the image to watch):

Photobucket

It’s a couple sentences — it’s not a plan to say that we’re going to magically increase revenues through loophole closures and deduction caps with not a single element of specificity. So we don’t know who pays, we don’t know what we’re talking about in terms of actual legislation to increase revenues. It’s magic beans and fairy dust. The president has put forward specific proposals. Look, I acknowledge that not with any great specificity, there’s a little more meat on the bones in terms of their proposals on the spending cut side. When it comes to revenues, it doesn’t meet the test of balance or the necessary test of specificity.

This is getting ri-gosh darned-diculous. The White House is full to bursting with more excuses than you can shake a stick at, but the fact remains that the Republican leadership has officially taken a step toward Democrats’ (completely absurd, reality-defying) demands in expressing a willingness toward increased revenue, and President Obama is relentlessly just throwing it back in their face. It is getting all too obvious that this is not about the money or the math, as Chris Stirewalt explains:

Not only would the additional payments by those families making more than $250,000 and individuals making more than $200,000 be a relatively small sum – something like one week of federal spending next year – but the president is turning down proposals that would provide similar revenues by closing loopholes.

For Obama, this is in part about principle. He believes income inequality is a huge problem facing the nation. The president also seemingly believes that by knocking down the income of the top 2 percent of earners by an estimated average of $36,000 per household, and then taking that money and spending it on government programs aimed at lower-income Americans, it will help narrow the gap between the rich and the middle class. …

But again, the president is rejecting plans that would provide similar reductions in net income for top earners, so he pretty obviously isn’t as concerned that this particular deal comports with his goal of wealth redistribution.


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If going over the “fiscal Cliff” will result in another recession look for Obama to do whatever he needs to do to make it happen. He needs a real crisis to institute the kind of “transformational” changes he wants to make.

Nomas on December 4, 2012 at 8:01 PM

If we go off the fiscal cliff, here is what every conservative needs to do:

(1) Call your congressman or congresswoman and demand that a proposal be put forward to (A) tax all University and College Endowments over $4 billion at the capital gains rate; (B) force all faculty and staff at colleges and universities to pay income taxes on all the benefits and perks they receive for free (i.e., free tuition for their kids, membership at state of the art business centers, all expense paid trips overseas for conferences, sabbaticals, etc., etc.); and (C) tax all income received by a college or university for any services provided in our economy not related to education.

(2) Any pledge you have made to your university or alma mater – if it is a liberal institution (which is practically all of them) – cancel it. If you have a charitable donation in your will or trust, amend the will or trust and eliminate it. Then let the college or university know why.

(3) If you have ever made a pledge to PBS or any other “non-profit” that leans liberal (i.e., your local museum, your local botanical garden, etc.), cancel it or stop the pledge and let them know whey.

(4) If you are in any way supporting your kids who voted for Obama and they are of the age to get a job (even a job at McDonalds), stop supporting them. Let them get their own insurance. Let them pay their own bills. Let them have taxes taken out of their paychecks. Kick them out of your homes and make them pay rent and live like adults – and let them know why.

(5) If you are subscribing to any national newspaper that leans left – New York Times, Washington Post, Chicago Tribune, etc. – cancel it and let them know why.

(6) Support your local and national conservative organizations, and let them know why.

In this age of data gathering, every single one of these organizations will record your reasons for doing what you do. That is why you need to let them know WHY!

studentofhistory on December 4, 2012 at 8:04 PM

rockmom on December 4, 2012 at 3:51 PM

Too late. The RINOs have betrayed us too many times; the last reserves of good faith are gone. If the republicans are going to be split, it won’t be Obama’s doing. It’s the long, inept and perfidious reign of the GOP that’s responsible.

The sad fact is, Boehner can still unite the Right, except the realizations and rhetoric required to do so are beyond him.

rrpjr on December 4, 2012 at 8:46 PM

Party of Proudly NO! wouldn’t allow a budget to pass.

lester on December 4, 2012 at 3:46 PM

You are just plain full of crap, and you must really be stupid, too. You seem to be unaware that the Senate, led by the hideous Harry Reid, has not put up a budget in four years now. The House has. You are a liar.

Night Owl on December 4, 2012 at 8:52 PM

No it’s not. Unless it’s refundable and the income tax liability is less than zero.

besser tot als rot on December 4, 2012 at 7:28 PM

That doesn’t make any difference. Your real tax is what you would pay on your gross income without deductions or credits — everything less than that is what the government is paying you to do what it wants you to do. We are all being payed for taking care of dependents, taking out student or home loans, buying health insurance through our employers, donating to charity, etc. just the same as if they were writing us a check.

Count to 10 on December 4, 2012 at 9:04 PM

…Bill Gates…

bayam on December 4, 2012 at 3:52 PM

Drink!

rogerb on December 4, 2012 at 9:09 PM

Have not been here for a while, nursing my wounds from the election I guess…

Personally, I am disgusted by the GOP. We look like a bunch of incompetent morons that couldn’t put a birthday party together, let alone a political party.

I am actually an elected member of my county’s Repub Central Committee, have been asked to become Chairman. All I could say is..it’s doubtful that I will be a Repub for much longer.

I am not a quitter by any means, but I KNOW this is not my Father’s GOP, and if things don’t change quickly (I know) I’ve had it…

On top of that, I’m in CA.

ccrosby on December 4, 2012 at 10:00 PM

Why not just keep the middle class tax rates and recut the the top rates in a debt ceiiling deal. The gop seems to hold the cards right now on the debt limit. What can Obama do if he can’t borrow and spend? Or is that just too simplistic?

Ellis on December 4, 2012 at 10:15 PM

…Bill Gates…

bayam on December 4, 2012 at 3:52 PM

Drink!

rogerb on December 4, 2012 at 9:09 PM

LOL!

tom daschle concerned on December 4, 2012 at 10:21 PM

Why not just keep the middle class tax rates and recut the the top rates in a debt ceiiling deal.

Ellis on December 4, 2012 at 10:15 PM

Do you understand who creates jobs in USA? Seems RINOs like you have no idea about reality.

No wonder we’re getting screwed each and every time.

riddick on December 4, 2012 at 10:41 PM

You are just plain full of crap, and you must really be stupid, too. You seem to be unaware that the Senate, led by the hideous Harry Reid, has not put up a budget in four years now. The House has. You are a liar.

Night Owl on December 4, 2012 at 8:52 PM

Budget? We don’t need no stinking budget…

riddick on December 4, 2012 at 10:42 PM

I still think Paul Ryan had the best take on booking these so-called “war savings”, and he did it quite a while back to boot.

VekTor on December 4, 2012 at 10:45 PM

Riddick, I create jobs and calling me a rino is a first! Hilarious.

Frankly, I am in the let it burn camp, Americans are not going to learn until they experience the real pain of it all blowing up. The point I was making is that the gop has much more pull in these negotiations than they seem to think. The problem is we are just wasting time talking about $100 billion in revenue increases when we are running trillion dollar defecits. If Obama wants higher rates he needs to pay large.

Ellis on December 4, 2012 at 10:53 PM

Man, it is hard for we who care about our country here at HA to bear this Obama-scum’s victory.

For it is really no victory for Americans no matter what their party or beliefs.

Those of you who believe otherwise are in for a big nasty surprise.

What I have written here along with many HA brethren is true: no more no less.

It is troll-proof.

One hundred percent troll-proof.

It is a sorry day for our Republic.

Sherman1864 on December 4, 2012 at 11:10 PM

Out of balance? For balance, Boehner should throw in a unicorn into his proposal. Now where do we find them unicorns?

tommy71 on December 4, 2012 at 11:13 PM

Sherman1864 on December 4, 2012 at 11:10 PM

I wrote this on some other thread in response to a good post by IceCold, part of which is:

A president with 1/10 of Obama’s gaffes, weirdness, failures, and alien sensibilities would have been flushed out of the WH by a landslide, not long ago.

IceCold on December 4, 2012 at 10:22 PM

Thanks to the disreputable, despicable and treasonous media.
Unless we conquer the media, the country is lost.
Will anyone have the guts to even significantly call them on their subterfuge? (Such as prominent Republicans laying out the case to the American people.)
Not a chance.
Will the remaining patriots in this country work against the media in some organized and substantial way?
Not a chance.

So we are left with a wretched, lying, traitorous, Marxist farce of a president who can basically do whatever he wants and in the most brazen manner possible- in essence, we are left with a malignant, anti-American tyrant.
And clearly what he wants is to punish America and bring it to its knees.
We are well on our way to the end.

When we get there fully, maybe there will be a relatively few patriots remaining who will give their all to restore a once great and benevolent nation.
Don’t hold your breath.

justltl on December 5, 2012 at 12:03 AM

justltl on December 5, 2012 at 12:09 AM

Has to be a better plan than, “tax increases that couldn’t possibly make up for your increased spending, and no spending cuts of any substance.”

It is pretty clear the public wants spending cuts. And it is time for Boehner to make that point clearly. Tell O that if there’s no deal with spending cuts by 1/1/2013, then there’s going to be no deal by 1/1/2015.

FerdtheMoonCat on December 5, 2012 at 12:22 AM

Boehner and the Republicans should buy an hour of prime time on all networks. Lay out the case directly to the American people in such a way that even the vacuous libs understand. Do a sincere, simple and brutally honest multimedia presentation on why the country is in grave peril. Make it clear to even those whose lips are welded solidly to the government teat, that the teat is soon to run dry. Let others of a higher interest understand what is at stake.

Do it on the second day of Obama’s vacation so that he and America can stew on it or interrupt his precious vacation to address it.

They have to either take the gloves off and fight or just let it burn and explain why.
Half measures will not work with this petty tyrant.

justltl on December 5, 2012 at 12:46 AM

Just go Galt on the Dems already.

shaken on December 5, 2012 at 1:06 AM

If Boehner caves on this he needs to go.

Clinton tax rates for Clinton spending, or nothing. That should be his one and only offer.

WisCon on December 5, 2012 at 1:31 AM

justltl on December 5, 2012 at 12:09 AM

Thank you for your comment and comment.

I think you know I appreciate your sentiments very well!

The media do make me quite ill!

Sherman1864 on December 5, 2012 at 4:30 AM

Test

tommy71 on December 5, 2012 at 7:16 AM

Man, it is hard for we who care about our country here at HA to bear this Obama-scum’s victory.

For it is really no victory for Americans no matter what their party or beliefs.

Those of you who believe otherwise are in for a big nasty surprise.

What I have written here along with many HA brethren is true: no more no less.

It is troll-proof.

One hundred percent troll-proof.

It is a sorry day for our Republic.

Sherman1864 on December 4, 2012 at 11:10 PM

Since the election the Hot Air comments section has become nothing but a huge crying towel for sour-grape-juice-swilling cry babies. Stop auditioning for “Doomsday Preppers – Hot Air Edition”! You’ve gone beyond sounding stupid to just being flat-out embarrassing!

You guys need a diaper change and a pacifier.

Cindy Munford, please come back!
All is forgiven!

chumpThreads on December 5, 2012 at 7:21 AM

Unlike Dear Leader here, at least the Republicans aren’t consulting with reporters from Fox News on how to handle the economy!

pilamaye on December 5, 2012 at 7:25 AM

Taking money from the rich does not teach the poor how to save money, how to be thrifty, how to judge an investment (not just monetary but in their own skills and future), how to balance a budget, how to persevere through tough times and be a beacon of steadfast sobriety and rectitude.

Punishing the rich is just that: punishing the rich.

It has nothing to do with an ‘income gap’.

If you were serious about closing the ‘income gap’ then you would put forward that we need to teach the poor how to succeed, not punish the successful.

ajacksonian on December 5, 2012 at 7:47 AM

Of course Obama dismissed the Repubs offer. If you were Obama you would to. As has been stated, going on eight years now, the Repubs have no leadership of any kind. They have a majority in the House by default–the local Dems are just more stupid. But that said, Obama, Reid and Pelosi along with the MSM control the debate, end of story. Rachel Maddow has more influence. There is absolutely nothing the Repubs can do about it aside from jumping up and down in their playpens. Boehner, McConnell, Ryan etc–surely you jest. These guys are not qualified to lead a cub scout group. In the worst economy in memory they found a way to lose the Presidency and seats in both the House and Senate. Enough said.

Repubs continue to drive on the bridge to nowhere, another of their great inventions. And we all suffer as a result.

patrick neid on December 5, 2012 at 1:46 PM

justltl on December 5, 2012 at 12:46 AM
I could not agree with you more.
But I have to add that WE have to stop our own circular firing squad(s) here and unite against Obama.

Obama is NOT A SERIOUS PERSON. Boehner agrees to Obama’s request for another $400 Billion in Revenue with Tax Rates going up for the “Rich” by saying NO but we’ll allow certain loopholes or deductions that only the very rich can avail themselves of (think Corporate Yachts and such) to reach your $400 Billion in Revenue, but WHERE ARE THE CUTS??! You (President Obama) must specify the cuts you are going to make AND we want a budget (the last part about the budget wasn’t reported by the MSM).
And Obama comes back with $1.2 TRILLION in New Revenues from tax rate hikes on the rich (Individuals making $200K a year) and I GET THE authority to raise the debt ceiling by myself and we’ll discuss spending cuts next year. Boehner says NO, McConnel says Hell No and all the MSM say is that the GOP won’t negotiate with Obama.

realwest on December 6, 2012 at 7:32 PM

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