Wait… somebody’s worried Obama might cave?

posted at 8:31 am on December 8, 2012 by Jazz Shaw

The nation stands at the precipice of a tragedy. Progressive icon Paul Krugman fears that a horrifying vision of the future may come to pass. In this nightmare scenario – and I’d like you all to take a seat and quaff some sedatives here – Barack Obama may sell the liberal agenda down the river and not get everything on the Unicorn Wish List.

I Hope This Isn’t True

Ezra Klein says that the shape of a fiscal cliff deal is clear: only a 37 percent rate on top incomes, and a rise in the Medicare eligibility age.

I’m going to cross my fingers and hope that this is just a case of creeping Broderism, that it’s a VSP fantasy about how we’re going to resolve this in a bipartisan way. Because if Obama really does make this deal, there will be hell to pay.

Can you imagine the horror? The tax rate on the wealthy may only go up to 37% and – gasp – there may have to be adjustments to entitlement programs. What would happen to America? I mean… Obama won the election! Krugman has to get everything he wanted, right? How could this travesty take place?

Larry Kudlow explains.

Republicans are divided. President Obama won’t budge. And more and more, it looks like the fiscal-cliff deadline of December 31 will be missed.

It’s now clear that Team Obama wants higher tax rates and revenue-raising tax-deduction caps to meet their $1.6 trillion revenue target. Spending cuts and entitlement reforms are vague to non-existent. In fact, it could be that Obama not only rejects the across-the-board budget sequester, but that he actively seeks to raise spending, not cut it.

I guess it stands to reason that if you puff up his $800 billion revenue increase from last year, and double it to $1.6 trillion this year, the money will be spent. The government will grow larger.

All this should be unacceptable to the GOP.

Molly Ball has an even more lengthy explanation of how Obama is about to be Lucy With the Football to progressives, even as conservatives fret that that John Boehner has sold them down the river. Of course, the fact is that nobody is going to be happy with any deal which flops out of the sewer grates before the end of the year.

As I’ve written since the election, Obama has no reason to seek a deal early. And any deal which the Speaker signs off on is going to tick off the entire conservative base. So who is going to be happy? Nobody. But does this mean that everyone lost? Or did we get the only morsel left on the plate left worth eating?

Your guess is as good as mine at this point, but the fundamental question for me really hasn’t changed. It still looks to me like Obama is more than willing to ride this raft over the falls if he doesn’t get some sort of an increase in marginal rates on the wealthy. He said it at virtually every campaign stop. And a month after he’d won that last election he’ll ever need to compete in, he’s still making stops around the country, taking the same message directly to his base. But what do we get in exchange, assuming that John Boehner somehow manages to find enough Republicans to swallow a 37% tax rate?

It’s got to be entitlement reforms with some significant savings, done in a way that can substantially decrease the drag being put on the nation’s fiscal future. And it obviously can’t be some sort of ambiguous, “give us the tax hikes now and we’ll definitely talk about entitlement reform next year after you also give us the debt ceiling increase.” If that’s the deal, there may as well be nothing on the table at all. Of course, in that event, there won’t be enough GOP votes for it anyway. Or at least I’d like to think there wouldn’t.


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Comment pages: 1 2

Why are we even discussing raising anyone’s taxes when the federal government is still using tax dollars to fund the National Endowment for the Arts? Why are we discussing raising taxes when we are sending billions of taxpayer dollars to Egypt and Pakistan?

Seriously. What kind of madness is that?

No one should be discussing raising anyone’s taxes at all until everything the federal government is spending our taxes on at the very least passes the smell test.

fadetogray on December 8, 2012 at 1:15 PM

Name that blog: http://twitchy.com/2012/12/08/let-the-games-begin-the-state-department-wants-your-help-naming-its-blog/

davidk on December 8, 2012 at 1:19 PM

The Appeaser

Resist We Much on December 8, 2012 at 1:23 PM

Why are we even discussing raising anyone’s taxes when the federal government is still using tax dollars to fund the National Endowment for the Arts? Why are we discussing raising taxes when we are sending billions of taxpayer dollars to Egypt and Pakistan?

Seriously. What kind of madness is that?

No one should be discussing raising anyone’s taxes at all until everything the federal government is spending our taxes on at the very least passes the smell test.

fadetogray on December 8, 2012 at 1:15 PM

This is why: Big Bird

Touch a sacred cow, and the MSM will seize on it to distract from the other arguments

We are in an era similar to the Cultural Revolution in China, when the educated ignoramus youth were prodded by the aging Mao to punish dissenting thought and lead the nation to pure thought

A similar crowd has been activated in the US, and until the blood lust is extinguished, there will be no rational discussion. The Red Guard were not a majority, but the process was so controlled that dissent will isolated and destroyed

“To scare the Monkey, kill the chicken”

The mob does not suddenly change its mind. The mob had to wear out, get old, get tired, and get replaced. Purges from the bottom are generational

Obama has one major goal: to bring down the capitalists and replace their system. He has no gain helping a capitalist system prosper. there is a racial element. Does Obama shower love white European socialists?

entagor on December 8, 2012 at 1:39 PM

“To scare the Monkey, kill the chicken”

entagor on December 8, 2012 at 1:39 PM

http://www.breitbart.com/Breitbart-TV/2012/12/08/Shocking-Graphic-Video-Syrian-Rebels-Testing-Chem-Weapons-On-Rabbits-As-Warning-To-Civilians

davidk on December 8, 2012 at 1:42 PM

I’m not a ‘rich’ person by a long shot but I’m sure my taxes are going to go up one way or another by the end of this whole fiasco. Therefore, in my opinion, let all the tax cuts expire and let the forced spending cuts go into effect. Let all America live through the glory of an Obama administration and the detrimental effects on our economy, our jobs and our (lack of) quality of life. Bring it on and let’s all jump off the fiscal cliff together. Unless this Congress is forced by law to do something, I’m convinced the spending cuts and spreading out of the ‘shared burden’ of our financial indebtedness will never happen.

HoosierStateofMind on December 8, 2012 at 1:49 PM

Never saw this coming: Despite Tax Increase, California State Revenues in Freefall http://www.breitbart.com/Big-Government/2012/12/07/CALIFORNIA-STATE-BUDGET-GOES-OFF-THE-CLIFF

davidk on December 8, 2012 at 1:52 PM

This is why: Big Bird

Touch a sacred cow, and the MSM will seize on it to distract from the other arguments

If that is truly the case and even the most ludicrous spending is sacrosanct even under these circumstances, then we already have the best deal we can possibly get for the country. We call it “the fiscal cliff.”

I am not at all certain it is truly the case. Polling on things like Big Bird is always badly warped in favor of continuing funding it.

“Well, sure. I think Big Bird is a good thing.” As if approving of it and approving of the federal government using taxpayer dollars to fund it are exactly the same thing.

However, the support is thin. It lasts until you present them with the question of whether they want to cut social security or Big Bird.

The only chance the GOP has that Obama isn’t going to beat them bloody with this current political situation is for them to start acting like the adults in the room.

fadetogray on December 8, 2012 at 1:53 PM

Never saw this coming: Despite Tax Increase, California State Revenues in Freefall http://www.breitbart.com/Big-Government/2012/12/07/CALIFORNIA-STATE-BUDGET-GOES-OFF-THE-CLIFF

davidk on December 8, 2012 at 1:52 PM

Some saw that coming – folks who think logically and can apply reason.

Isn’t curious that this didn’t occur to the Democrats?

Galt2009 on December 8, 2012 at 2:15 PM

Or at least I’d like to think there wouldn’t.

You assume that there are real men left in DC, er.

Eunuchs are ingidnant.

———-
Naming the State Dept. blog:

Ben Ghazi

Wild Rice

Irrelevant

Delusional

Arab Spring

Schadenfreude on December 8, 2012 at 6:16 PM

Name that blog: http://twitchy.com/2012/12/08/let-the-games-begin-the-state-department-wants-your-help-naming-its-blog/

davidk on December 8, 2012 at 1:19 PM

The Corps Diplomatique Terrestrienne.

Blacksmith on December 8, 2012 at 8:16 PM

Evidently the current name is “not optimal,” so the department has decided to crowdsource the name.

“Not Optimal” is a perfect name. Why would they change it?

Attila (Pillage Idiot) on December 9, 2012 at 10:46 AM

Comment pages: 1 2