Cantor: Fiscal-cliff talks will go past Christmas

posted at 12:41 pm on December 12, 2012 by Ed Morrissey

So much for the holiday deadline, which always seemed a little optimistic anyway.  House Majority Leader Eric Cantor emerged from a caucus meeting to declare that the fiscal-cliff negotiations are going very, very slowly — and that Republicans would stick around past Christmas in case Barack Obama decides to start negotiating seriously:

House Republican leaders on Wednesday warned their members that they might have to return to Washington after Christmas, claiming that “serious differences” remained in negotiations to avoid the “fiscal cliff.”

“The president seems to be walking us ever so slowly towards the cliff,” House Majority Leader Eric Cantor (R-Va.) told reporters after a closed-door conference meeting.

“We’ve said we’re committed to staying here. We’re going to stay here right up until Christmas Eve and throughout the time period before the new year because we want to make sure we resolve this in an acceptable way for the American people,” he added.

Allahpundit outlined Obama’s latest offer last night, which is a non-starter for Republicans.  John Boehner said that a proposal for $1.4 trillion in new revenue wouldn’t pass the Senate, let alone the House, and called for more responsible negotiating from the White House:

“The president’s called for $1.4 trillion in revenue. That cannot pass the House or the Senate,” he said.

“We’ve been reasonable and responsible in our approach to this, and we’re going to continue to do that. It’s time for the president to do his part,” Boehner said.

Revenue is only one side of the problem.  Both sides have agreed in principle that some spending has to be cut, but neither side wants to show its hands — and both want the other to go first.  Republicans demanded that Obama disclose his cuts along with his demand for more revenue, but Obama insists that Republicans go on record with the cuts, especially since they clearly want more reductions than the White House.  Otherwise, they may decide to just scrap the fight over tax rates, allow Obama to get what he wants, and save the spending-cut fight for the debt-ceiling debate in two months.

That still won’t get Republicans off the hook, says Bloomberg’s Joshua Green:

That’s because, although a debt-limit fight wouldn’t pit the rich against the middle class in quite the same way as the fight over tax cuts, it would force Republicans to enumerate and defend precisely the entitlement cuts they are desperate to obscure. And they’d be doing so in a way guaranteed to maximize attention, because they’d be threatening to tank the economy — a far scarier prospect than going over the fiscal cliff.

Furthermore, it’s not at all clear that they would be any better off forcing entitlement cuts than they would be trying to force tax cuts for the rich. It’s true, as Republicans point out, that most people want to do something about the deficit. But polls show that Americans overwhelmingly favor raising taxes on the rich — and preserving programs like Medicare and Social Security.

For the time being, Republicans are ignoring this dissonance between their own desire and what the public is likely to accept. But as the default date looms, that tradeoff will become ever more explicit, and there’s no reason to imagine that it will become any more popular. Quite the opposite, in fact, which is why their best hope to cut entitlements is to negotiate for them now with a president more willing to concede them than most Republicans seem to understand.

At some point, both sides have to lay cards on the table, and that will happen whether or not we go over the fiscal cliff.  Why not just pull the Band-Aid off now and get it over with?


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Let. It. Burn!

BigGator5 on December 12, 2012 at 12:44 PM

Who are they going to be talking with? Obama’s on vacay and I doubt he’ll be taking phone calls from Boehner and co.

totherightofthem on December 12, 2012 at 12:45 PM

How’s about a new theme for Kwanzaa: Let It Burn, fuel the fire.

Galt2009 on December 12, 2012 at 12:46 PM

Ramirez on this issue. He always does a great job because he tells the truth.

http://www.investors.com/editorial-cartoons/michael-ramirez/636717
L

letget on December 12, 2012 at 12:46 PM

Cantor: Fiscal-cliff talks will go past Christmas

AAAWWWWWWW.

A lump of COAL on the House!

ToddPA on December 12, 2012 at 12:48 PM

‘Toon of the Day 2: The Last Temptation of the GOP

Resist We Much on December 12, 2012 at 12:46 PM

.
That’s way cool! If you haven’t seen it yet, check it out.

listens2glenn on December 12, 2012 at 12:53 PM

Obama doesn’t give a rat’s patootie about Christmas. they should have held the negotiations over Ramadan and serve the jug-eared focker nothing but ham sandwiches and pork rinds. He would cave in a day or two.

Archivarix on December 12, 2012 at 12:53 PM

and water is wet…yawn

DanMan on December 12, 2012 at 12:54 PM

Cantor, the assumed ‘smart’ one knew about Petraeus/Benghazi, ahead of the elections, and said nothing. He can go to Hades, along with all the other eunuchs in DC, from the left to the right. May they all spontaneously combust.

That’s way cool! If you haven’t seen it yet, check it out.

listens2glenn on December 12, 2012 at 12:53 PM

Indeed – just linkted it, with kudos to RWM, onto the tax thread in the headlines.

Schadenfreude on December 12, 2012 at 12:55 PM

Love it.
See how long the media can flog this thing…. Eat the Rich.

Whats up with brittany Spears or those Kardahians anyways…….

Enough of this boring political stuff.

FlaMurph on December 12, 2012 at 12:56 PM

Call the Dog Eating Retard’s bluff:

Offer a plan that doesn’t cut any spending but in fact raises it by $10 trillion, lay the plan at his feet and walk away. If Bark supports it then vote present and enjoy the scrambling, if he doesn’t sign it, ask him why he hates children and poor people.

Bishop on December 12, 2012 at 12:59 PM

This isn’t news…at least not to me it isn’t.

Whenever the last possible moment is, that is about when there will be a deal. Just like with whether the US would default in the Summer of 2011.

With the media countdown, anyone who thought this was going to be done earlier assumed we’re dealing with reasonable people here. We’re not.

asc85 on December 12, 2012 at 1:00 PM

Love it.
See how long the media can flog this thing…. Eat the Rich.

Whats up with brittany Spears or those Kardahians anyways…….

Enough of this boring political stuff.

FlaMurph on December 12, 2012 at 12:56 PM

Exactly!

let’s move on to more pressingissues, like

Dave Hester being fired from STORAGE WARS!

ToddPA on December 12, 2012 at 1:00 PM

Who are they going to be talking with? Obama’s on vacay on a “little people” paupers $4 MILLION vacay and I doubt he’ll be taking phone calls from Boehner and co.

totherightofthem on December 12, 2012 at 12:45 PM

.
Vacay FIFY.

Redistribution indeed.

FlaMurph on December 12, 2012 at 1:01 PM

‘Toon of the Day 2: The Last Temptation of the GOP

Resist We Much on December 12, 2012 at 12:46 PM

The elephant’s eyes.

ROFL

Bishop on December 12, 2012 at 1:02 PM

let’s move on to more pressingissues, like

Dave Hester being fired from STORAGE WARS!

ToddPA on December 12, 2012 at 1:00 PM

WHAT? Charlie H. Crist on a cross, that chaps my hide!

Uh…who is Dave Hester?

Bishop on December 12, 2012 at 1:03 PM

Offer a plan that doesn’t cut any spending but in fact raises it by $10 trillion, lay the plan at his feet and walk away. If Bark supports it then vote present and enjoy the scrambling, if he doesn’t sign it, ask him why he hates children and poor people.

Bishop on December 12, 2012 at 12:59 PM

He will jump on it quicker than you can say “peace be upon him”, passes it in a week, and the media will sing him hosannas for a year until the money runs out, then blame Republicans for offering it in the first place.

Don’t you know the routine?

Archivarix on December 12, 2012 at 1:04 PM

“…because they’d be threatening to tank the economy — a far scarier prospect than going over the fiscal cliff.”

Um, what? That’s a comedic comment; is that supposed to be serious? This person doesn’t think “the fiscal cliff” (you know, raising taxes on at least the job creators, if not everyone) has any danger of “tanking the economy” like a debt ceiling showdown that, if not averted, would prevent the government from borrowing more money and *force* it to curb spending?

Um, I think the ‘taxation’ events are *far* scarier from an ‘economic ruination’ perspective than the government being unable to borrow more money and *forced* to deal with it’s spending.

Maybe it’s just me.

Midas on December 12, 2012 at 1:07 PM

ToddPA on December 12, 2012 at 1:00 PM

Say what?

The YUUUUUUUUP guy!

He was fired? How can they fire him? Gotta look for more on this lol.

(I just admitted to watching Storage Wars) Oh Woe Is Me ;-)

Scrumpy on December 12, 2012 at 1:08 PM

What ever happened to “No Drama Obama?” It’s been one frickin’ crisis, scandal, and unprecedented and appalling and criminal act after another with this chick.

Rand is right. Vote “Present,” and for once in the progs’ miserable existence, let them own their disastrous policies.

Rae on December 12, 2012 at 1:09 PM

Furthermore, it’s not at all clear that they would be any better off forcing entitlement cuts than they would be trying to force tax cuts for the rich. It’s true, as Republicans point out, that most people want to do something about the deficit. But polls show that Americans overwhelmingly favor raising taxes on the rich — and preserving programs like Medicare and Social Security.

This whole fiscal cliff this is ridiculous. Of course people favor raising taxes on THAT GUY before taking benefit cuts to themselves. Unfortunately for everyone, that’s an absolutely false choice.

As it stands today, if we want to have a balanced budget and keep entitlements, we need to cut 100% of non-entitlement spending. We spend nearly all of washingtons tax revenue on SS, medicare/medicaid and interest on the debt.

Everything beyond that is borrowed or printed. Taxing the rich will not bring in “1.4 trillion” or whatever Obamas idiot actuaries say — we don’t know how much it will bring in, but I can guarantee it will not be 1.4 trillion. it will probably be significantly less than that… but even if we could raise 1.4 trillion over 10 years — thats 140 billion a year. When we have trillion $ plus deficits, which will only grow as more baby boomers retire and as our debt grows and interest payments grow.

There is not enough wealth in this country to close the gap between spending and tax receipts. If we get tax rates to 75% (where the actuaries say we need to be to balance budget asap), we will raise less then we raise now. Laffer Curve?

Enough of this.

Timin203 on December 12, 2012 at 1:10 PM

Don’t you know the routine?

Archivarix on December 12, 2012 at 1:04 PM

Then the GOP will have done all it could do, including letting the nation get what it wanted good and hard.

If we’re going to go out let’s do it in style; spend like drunken sailors, wake up with a barbed wire tattoo encircling our heads, and try to figure out what exactly we agreed to in order to pay for the shiny new Ferrari sitting in the driveway.

Bishop on December 12, 2012 at 1:14 PM

The republican party messaging machine continues to smoulder in ruins.

http://news.yahoo.com/blogs/ticket/romney-earns-politifact-lie-jeeps-made-china-143057560–election.html

Third leading story on Yahoo News (LIE OF THE YEAR).

And then Sandoval in Nevada going along with Obamacare.

And the gop in Congress putting up a “good fight” but then even Obama is now saying publicly he expects the stupid party to cave.

Thank you republicans Whigs.

PappyD61 on December 12, 2012 at 1:15 PM

ToddPA on December 12, 2012 at 1:00 PM

Say what?

The YUUUUUUUUP guy!

He was fired? How can they fire him? Gotta look for more on this lol.

(I just admitted to watching Storage Wars) Oh Woe Is Me ;-)

Scrumpy on December 12, 2012 at 1:08 PM

Wait what? At least Barry is still there, right?

Yeah, I’ve watched a few episodes, but never really got into it because I couldn’t stand Brandi. Liked Jarrod just fine, but his tattooed shrew of a wife was the one that needed firing.

Gingotts on December 12, 2012 at 1:16 PM

If Obama leaves DC, the House should adjourn and go home.

BTW, the GOP already passed a plan with more than enough cuts to beat the “Cliff” – the Ryan Budget, which contained 20% more spending reductions than Bowles-Simpson did, but still only about half what is needed over the ten-year budget window.

So all this “show us your cuts” baloney is so much hot air.

Adjoran on December 12, 2012 at 1:19 PM

Fiscal Cliff:

http://apple.copydesk.org/2012/12/03/breaking-down-a-huge-fiscal-cliff-graphic-from-the-chicago-tribune/

If you can decifer it…

Doesn’t look good any way you cut it :-(

Scrumpy on December 12, 2012 at 1:19 PM

. . . . . let’s move on to more pressingissues, like
Dave Hester being fired from STORAGE WARS!

ToddPA on December 12, 2012 at 1:00 PM

.
Uh…who is Dave Hester?

Bishop on December 12, 2012 at 1:03 PM

.
That’s going to ruin it for my wife. She loved to HATE him.

listens2glenn on December 12, 2012 at 1:20 PM

Timin203 on December 12, 2012 at 1:10 PM

I am also sick of the govts’ inability to tighten the fiscal belt.

What do they think we folk out here in the REAL world have bottomless pockets eh? I am sick of it!

They spend and spend and the paeans have to cover their asses or let the country fall down the cliff…

L.i.B…

Scrumpy on December 12, 2012 at 1:23 PM

Then the GOP will have done all it could do, including letting the nation get what it wanted good and hard.

If we’re going to go out let’s do it in style; spend like drunken sailors, wake up with a barbed wire tattoo encircling our heads, and try to figure out what exactly we agreed to in order to pay for the shiny new Ferrari sitting in the driveway.

Bishop on December 12, 2012 at 1:14 PM

Feeling guilt-free won’t help our tail ends as we’re hauled to jails, concentration camps, and reeducation centers by Obama’s civil army thugs, most of whom won’t bother to replace a purple shirt with a brown one. And that is exactly what will inevitably happens when the country’s tailspin ends, because tailspin does end there.

I’m firmly in the camp of not raising the borrowing limit. Either the budget will rectify itself with bone-shattering force, or Obama will grab the crown while we still have firearms. In both cases, the jug-eared bum will soon flee to Venezuela or decorate a D.C. lamppost.

Archivarix on December 12, 2012 at 1:25 PM

We need new leader ship, top to bottom. Media savy consulting, psy ops, with a modicum of back bone. This is not the America the forefathers intended as clearly outlined in the constitution. Take Detroit for example number one.

Why Karl rove, et al, consultants are still relevant is beyond me. Are we this lost as a party?

RAGIN CAJUN on December 12, 2012 at 1:25 PM

He was fired? How can they fire him? Gotta look for more on this lol.

(I just admitted to watching Storage Wars) Oh Woe Is Me ;-)

Scrumpy on December 12, 2012 at 1:08 PM

Get this, he claims that they seed the units with goods to make the “reality” show more interesting. He complained that it might be illegal and was fired.

The question is, when reality on tv is fake to be more like reality in the real reality, what happens next? Dividing by zero.

LoganSix on December 12, 2012 at 1:26 PM

WHAT? Charlie H. Crist on a cross, that chaps my hide!

Uh…who is Dave Hester?

Bishop on December 12, 2012 at 1:03 PM

he’s a cross between Al Franken, and…..Nancy Pelosi!

ToddPA on December 12, 2012 at 1:32 PM

That’s going to ruin it for my wife. She loved to HATE him.

Me too, I can’t stand the little worm. We watch the show all the time and it is fun. Even if what dave says about the show?
L

letget on December 12, 2012 at 1:34 PM

I’m shocked! I tell you, just shocked!!

stukinIL4now on December 12, 2012 at 1:36 PM

I am also sick of the govts’ inability to tighten the fiscal belt.

What do they think we folk out here in the REAL world have bottomless pockets eh? I am sick of it!

They spend and spend and the paeans have to cover their asses or let the country fall down the cliff…

L.i.B…

Scrumpy on December 12, 2012 at 1:23 PM

Exactly. Boehner and Obama are negotiating over OUR money. Real peoples lives will be effected by the outcome of all of this, but they don’t care.
Maybe it would arguably be worth it if we could actually raise the amount of money by taking more from the people who earned it without ruining the prospect of economic growth… IF we could actually balance the budget.
Raising taxes on “the rich” will have a real impact on people, especially those on the margin. Lots of people where i live make $250,000 as a couple in live a very middle class life. Decent house, older cars, borrowing money for their kids to go to college… Try living on the coasts with liberal tax rates and regulations on $250,000… you will not feel rich.

And why raise the taxes? For what? It’s not a serious proposal to have any impact on our current deficit, much less the daunting 16 TRILLION dollars in already accumuluated debt. $140 billion a year is NOTHING to this government, but it is a LOT to the people in the private sector who will have thousands of less dollars in disposable income every year going forward.

Timin203 on December 12, 2012 at 1:40 PM

Please stop repeating the “fiscal cliff” phrase: it is propaganda.

Or if sequestration is a suicidal cliff dive, as your phrase declares, then please stop yammering about deficit reduction.

Thank you.

kunegetikos on December 12, 2012 at 1:44 PM

At some point, both sides have to lay cards on the table,

The game is 5 card stud, but the GOP thinks its Go Fish.

And the Dems are playing Dirty on your neighbor.

BobMbx on December 12, 2012 at 1:45 PM

Please stop repeating the “fiscal cliff” phrase: it is propaganda.

Or if sequestration is a suicidal cliff dive, as your phrase declares, then please stop yammering about deficit reduction.

Thank you.

kunegetikos on December 12, 2012 at 1:44 PM

Yeah, I have no problem with the defense cuts. The Pentagon, like the rest of the federal government, needs a serious haircut if we’re serious about not going over the real cliff — the monetary cliff (when hyperinflation kicks in as everyone realizes we will never be able to pay back our current debts and the only buyers remaining for US debt is the fed. We’re getting closer by the day.)

The real “cliff” part people are yammering about is the tax increases. The real detriment of tax increases is that they will be much more likely to hinder economic growth then they will be to raise additional billions in revenue.

Timin203 on December 12, 2012 at 1:50 PM

The game is 5 card stud, but the GOP thinks its Go Fish.

And the Dems are playing Dirty on your neighbor.

BobMbx on December 12, 2012 at 1:45 PM

More like the Democrats are playing “Dirty Sanchez” on the
American citizenry…..

ToddPA on December 12, 2012 at 1:50 PM

Why are the Republicans even “negotiating’ with Obama? No Drama my ass. Drama is all he does. You’d think by now someone would figure that out. To Obama and the rest of the Progressive jackholes in his administration this is a show choreographed for low information voters and the press. What’s the concept called in therapuetic circles – enablers? I think the Repubs should just pack up and go home for the holidays. Ignore the President’s hyperpartisan bleatings, forget about “THE CLIFF!!!!” and let the next Congress convene budget hearings in January. Quit feeding his addiction to drama. A little public humiliation like questioning his manhood wouldn’t hurt either. Boehner could easily release a press statement that says Congress is ready to work the moment the President begins to act like a leader. Remember, Dems and press had no problem calling Romney a vampire tax cheat and murderer. I don’t think it would too much a stretch to call Obama a sissy.

RobertE on December 12, 2012 at 1:52 PM

Here, let me show you the look of shock on my face 0_0

Cantor, a Jew, mentioned Christmas. Hee hee.

Mr. Arrogant on December 12, 2012 at 1:55 PM

it would force Republicans to enumerate and defend precisely the entitlement cuts they are desperate to obscure. And they’d be doing so in a way guaranteed to maximize attention, because they’d be threatening to tank the economy — a far scarier prospect than going over the fiscal cliff.

Furthermore, it’s not at all clear that they would be any better off forcing entitlement cuts than they would be trying to force tax cuts for the rich. It’s true, as Republicans point out, that most people want to do something about the deficit. But polls show that Americans overwhelmingly favor raising taxes on the rich — and preserving programs like Medicare and Social Security.

Yes, that precious media neutrality. You would never guess from the above whose side he’s on……

tom on December 12, 2012 at 2:06 PM

French Socialists’ Dreams For “My Progressive Little Ponyland” Crushed!

Back when the Socialists swept into power in France in the May elections, I predicted that François Hollande’s approval rating would be in the 30s (it was in the high 60s to low 70s) and the rank-n-file would be in the streets raging against his government before the end of the year. He was in the 30s last month and now…

“We have two enemies now, Mittal and the government.”

- Édouard Martin, leader of the CFDT trade union

Heartache.

Mittal Europa

Be on the lookout for “There will be blood (in the streets),” the Black Bloc, and The Secret Committee.

Hey, Howie! How do you say “YEEEEEAAAAAAAARRRRRRGGGGHHHHHH!” in French?

Resist We Much on December 12, 2012 at 2:25 PM

Just for the record, so far as I am concerned, Cantor is a snake.

Blaise on December 12, 2012 at 2:52 PM

Oh, so NOW Cantor comes out of the woodwork after someone leaked
his name as a replacement for Boughner.

Pray tell, what is so special about this guy, Cantor? I haven’t
seen anything. I think he is as big as a$$hat as the next
repub rino.

Amjean on December 12, 2012 at 3:14 PM

Just for the record, so far as I am concerned, Cantor is a snake.

Blaise on December 12, 2012 at 2:52 PM

I agree with that!! Thot I was the only one. In case anyone wouldn’t agree, here is the following:

In Indiana, Eric Cantor has weighed in on behalf of Barack Obama’s favorite Republican Senator, Dick Lugar. Just as every major conservative group lines up with Richard Mourdock, Eric Cantor begins urging Democrats to turn out for Lugar.

http://www.redstate.com/erick/2012/05/02/will-the-tea-party-fight-or-retreat/

The Republican Leader in the House of Representatives is not backing down from trying to drive up Democrat turnout in the Indiana Republican Primary.

http://www.redstate.com/erick/2012/04/30/eric-cantor-doesnt-want-you-he-wants-democrats/

Politico’s Maggie Haberman is reporting that the leadership-affiliated Young Guns Network has sent out mailers asking Democrats to vote for Dick Lugar (not exactly a young gun) in the Indiana Republican primary against Richard Mourdock on May 8.

The real irony here, as Bill Kristol points out, is that Young Guns was created to “chart a new course for the center-right movement and the House majority.” Lugar is neither new, center-right, or in the House!

Heaven forbid me to label this as Republican-In-Name-Only behavior, but let’s just call it plain old treachery.

http://www.redstate.com/dhorowitz3/2012/04/28/the-ultimate-treachery/
written by Daniel Horowitz

Oh, here is the mailer the Young Guns sent out:

http://images.politico.com/global/2012/04/120427_mailer_on_lugar_1100.jpg

That’s a condensed list.

bluefox on December 12, 2012 at 3:39 PM

…Cantor is worthless!

KOOLAID2 on December 12, 2012 at 11:07 PM