Report: Fiscal cliff deal emerging — including one-year debt-ceiling increase; Update: Obama concedes on new, higher income threshold for tax hikes

posted at 5:51 pm on December 17, 2012 by Allahpundit

I didn’t believe this when I saw it at WaPo yesterday, then I started to wonder when I read Ed’s post this morning, and now Ezra Klein claims Democrats are telling him the same thing. I thought the GOP’s big Plan B alternative to a grand bargain was to extend the Bush tax cuts for the middle class, let them lapse for the rich, and then go home so that they can fight another day when it’s time to raise the debt ceiling again in the spring. The automatic tax hikes on January 1 have deprived them of leverage in this negotiation, but they’ll have more once that’s over with and the debt ceiling is all that’s left on the table.

Change of plans: Now the GOP’s going to agree to raise the ceiling for another year, right up front. Wait, what?

Boehner offered to let tax rates rise for income over $1 million. The White House wanted to let tax rates rise for income over $250,000. The compromise will likely be somewhere in between. More revenue will come from limiting deductions, likely using some variant of the White House’s oft-proposed, oft-rejected idea for limiting itemized deductions to 28 percent. The total revenue raised by the two policies will likely be a bit north of $1 trillion. Congress will get instructions to use this new baseline to embark on tax reform next year. Importantly, if tax reform never happens, the revenue will already be locked in.

On the spending side, the Democrats’ headline concession will be accepting chained-CPI, which is to say, accepting a cut to Social Security benefits. Beyond that, the negotiators will agree to targets for spending cuts. Expect the final number here, too, to be in the neighborhood of $1 trillion, but also expect it to lack many specifics. Whether the cuts come from Medicare or Medicaid, whether they include raising the Medicare age, and many of the other contentious issues in the talks will be left up to Congress…

As for the debt ceiling, that will likely be lifted for a year, at least. In contrast to a week or so ago, when the White House was very intent on finishing the debt ceiling fight now, they’re sounding considerably less committed to securing a long-term increase in these negotiations. The argument winning converts, I’m told, is that since the White House won’t negotiate on the debt ceiling now and won’t negotiate on it later, there’s little reason to make it the sine qua non of a deal.

So in exchange for a tweak to Social Security’s benefit formula, Boehner’s agreeing to tax hikes on the rich and limits on deductions and a mere promise of future spending cuts and a debt-ceiling increase that would formally abandon the live-to-fight-another-day strategy? Note the “at least” part, too. Matt Yglesias is entirely right about this:

If you’re a House Republican, you’re much more apt to drive a hard bargain next spring than you are in early 2014, when election day will be less than a year away. In fact, if the economy starts to pick up and revenue increases next year, then the next debt-ceiling might be delayed by months — which could mean a showdown right before the midterms. No Republican facing reelection in a purplish district will go to the mat under those circumstances and Boehner knows it, so I assume the one-year deal will quickly become a two-year deal. Will, er, House conservatives — who are already irritated at Boehner’s offer on tax hikes — go along with that? Or is Boehner now prepared to write them off and govern with a coalition of Democrats plus a small group of moderate Republicans? If I’m Pelosi and JB comes back to the House with the sort of deal described above, I’d instruct my troops to vote no (at least on the first pass) just to watch Boehner be humiliated as waves of conservatives vote no too and the bill fails.

But maybe this is just a trial balloon. Here’s what his spokesman said about raising the debt ceiling:

Boehner’s offer signals that he expects a big deal with sufficient savings to meet his demand that any debt limit increase be paired dollar for dollar with spending cuts. That would permit him to keep a key vow to his party — and head off a potentially nasty debt-limit fight — at least until the end of next year.

“Our position has not changed,” Boehner spokesman Michael Steel said Sunday. “Any debt limit increase would require cuts and reforms of a greater amount.”

A Boehner aide told CNN the same thing — no debt-ceiling hike without an equivalent amount of cuts. Now that they’ve drawn that line publicly, they can’t cave without Boehner losing whatever remaining credibility he has with the House. So maybe this is just a tactic to pressure Obama on cuts by wringing a little positive PR from the negotiations for the GOP, with Boehner angling to come off as the responsible, compromise-minded side of the table who’s willing to give O what he wants in exchange for a little fiscal responsibility in return. If I were Obama, though, I’d call his bluff. Given how the polling worked out for the GOP after the last debt-ceiling standoff, Boehner will have tremendous difficulty holding the caucus together if/when there’s a new standoff in the spring. Why would O give him the cuts he wants now when he could try to split the House by forcing another debt-ceiling showdown a few months from now?

Update: I wonder what this concession bought from Boehner:

President Barack Obama has proposed a deficit-reduction package to House Speaker John Boehner (BAY’-nur) that would increase the top tax rates on taxpayers earning more than $400,000, cut more spending from health care programs and add $200 billion more in spending cuts over 10 years to his earlier offer.

Boehner had proposed an earnings threshold of $1 million for higher rates. Obama dropped his demand that individuals making more than $200,000 pay higher rates.

A higher threshold for the top bracket means less revenue raised once the new rate goes into effect, which in turn means less deficit reduction. But the tax part about this has never been about deficit reduction. If Obama cared about that, he’d have a serious entitlement reform plan on the table. This is about “fairness,” in all its arbitrary glory. The new threshold for what’s “fair”: More taxes from people who makes $400,000 or more.


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Phucking Bonehead Boehner betrayed us again…

On the tragic loss of 20 innocent children.

SWalker on December 17, 2012 at 5:53 PM

bho doesn’t give a flit what boehner gives him, bho wants the cliff to blame the r’s? And the skinny forked tongue snake is laughing himself silly at the stupid r’s and how he pulled this off?
L

letget on December 17, 2012 at 5:58 PM

I get he impression Boehner knows we’re going over the cliff, he just wants to look like he’s bending over backwards with concessions but Obama and Democrats are the ones to blame.

Democrats aren’t going to vote to cut Social Security or MediCare benefits and what Republican is going to want to fight a primary over raising taxes on small business owners? Especially since so many signed a “no tax” pledge. It will be the ultimate “read my lips” moment for the majority of Republicans in the House.

If Boehner cuts some deal where 80%-90% of Republicans vote against it, he’s going to be looking for a new job.

BradTank on December 17, 2012 at 6:00 PM

So once again we get the shaft….

sandee on December 17, 2012 at 6:00 PM

Boehner should just extend all the existing rates in separate bills and the Senate can vote on whatever they want. Let the sequestration cuts happen unless you can agree to an equivalent amount of cuts from other places.

Wigglesworth on December 17, 2012 at 6:02 PM

WTF.

Really?

Skywise on December 17, 2012 at 6:06 PM

Goodness you people are stupid. Did you really think that Boner was going to fight for this country & conservatives? Ha Ha !

johnny reb on December 17, 2012 at 6:07 PM

Burnage. Now.

ToddW on December 17, 2012 at 6:08 PM

Listening to the federal government argue with the federal government about exactly how insanely irresponsibly they should exceed all the limits they keep putting on themselves is just like listening to an other addict “negotiate” with his crack pipe.

Except instead of “just one more hit,” it’s “just one more year…”

logis on December 17, 2012 at 6:09 PM

If that’s true… Not only the GOP won’t ever see a red cent of mine, but I will likely vote for Democrats. I can see myself with the Party of Evil; the Party of Stupid, not so much.

Archivarix on December 17, 2012 at 6:09 PM

C*A*V*E !

Greedy politicians and those that want to create a SuperState controlled from the DC/NYC axis.

Beautiful.

PappyD61 on December 17, 2012 at 6:09 PM

Let.It.Burn.

And replace Speaker Boehner with someone with some brains and cojones, he is lacking on both counts.

PolAgnostic on December 17, 2012 at 6:10 PM

Neville, Neville Chamberlin? is that you?

you’ve certainly turned orange over the last 70 years.

acyl72 on December 17, 2012 at 6:10 PM

BradTank on December 17, 2012 at 6:00 PM

Just like GWB is known as the last Republican President, Bo(eh)ner will be known as the last Republican Speaker.

Steve Eggleston on December 17, 2012 at 6:11 PM

He’s so cute when he rolls over and exposes his pink underbelly!

Ladysmith CulchaVulcha on December 17, 2012 at 6:12 PM

The republicans showed their respect for conservatives when they shoved that “winner” romney down our throats. If another party isn’t started, I’m done voting because it REALLY doesn’t matter who you vote for with these losers.

johnny reb on December 17, 2012 at 6:14 PM

Steve Eggleston on December 17, 2012 at 6:11 PM

he is not a Republican ….

conservative tarheel on December 17, 2012 at 6:15 PM

He’s so cute when he rolls over and exposes his pink orange underbelly!

Ladysmith CulchaVulcha on December 17, 2012 at 6:12 PM

That also got the coating.

Steve Eggleston on December 17, 2012 at 6:16 PM

he is not a Republican ….

conservative tarheel on December 17, 2012 at 6:15 PM

I’m beginning to think conservatives are the real Republicans In Name Only.

Steve Eggleston on December 17, 2012 at 6:17 PM

Jan.28 2013 Washington DC.Former Speaker of the House John Beohner cried openly after learning he did not have the votes to remain Speaker.Former House majority leader Eric Cantor also was sadden to learn he to was a target of the Conservatives in the Republican caucus.Both men said later they would do the same thing again because Obama won the election and deserved to get his way.

logman1 on December 17, 2012 at 6:19 PM

Cave cave cave

Cripe

cmsinaz on December 17, 2012 at 6:19 PM

Jan.28 2013 Washington DC.Former Speaker of the House John Beohner cried openly after learning he did not have the votes to remain Speaker.Former House majority leader Eric Cantor also was sadden to learn he to was a target of the Conservatives in the Republican caucus.Both men said later they would do the same thing again because Obama won the election and deserved to get his way.

logman1 on December 17, 2012 at 6:19 PM

Sub-head – Freshly-minted Speaker Nancy Pelosi patted Bo(eh)ner and Cantor on the head as a reward for their treachery.

Steve Eggleston on December 17, 2012 at 6:20 PM

UGH.

gophergirl on December 17, 2012 at 6:21 PM

Debt ceiling increase? Good gawd, that’s even worse than a rate increase on $1M income or more.

Suck it, Boehner, you worthless sob.

petefrt on December 17, 2012 at 6:21 PM

Let it burn………I am talking about the Republican party.

KMav on December 17, 2012 at 6:21 PM

Embarrassing. This country is ruined.

Outlander on December 17, 2012 at 6:22 PM

That also got the coating.

Steve Eggleston on December 17, 2012 at 6:16 PM

Aaaah! Never considered he’d get the full Earl Scheib.

:)

Ladysmith CulchaVulcha on December 17, 2012 at 6:22 PM

Unstinkingbelievable

Boehner is just like Obama

Talks tough but nothing comes to fruition

cmsinaz on December 17, 2012 at 6:23 PM

obama, roberts and boehner. sharing a rubber raft in malta.

renalin on December 17, 2012 at 6:23 PM

Speaking of which, the odds that we will have Speaker Plastic instead of Speaker Orange next year just went up – Michelle Bachmann will challenge Boehner.

Steve Eggleston on December 17, 2012 at 6:24 PM

Kick that can.

Socratease on December 17, 2012 at 6:24 PM

UGH.

gophergirl on December 17, 2012 at 6:21 PM

It’s just that without a cash advance, we can’t pay the credit card bill. And we’re loving this lifestyle — we don’t want to keep up with the Kardashians on some pitiful 50″ or something.

Everything’s fine. Go ride around in the Bentley — that always cheers you up. :)

Axe on December 17, 2012 at 6:25 PM

This is the trusted method for dealing with a mugger, when he demands your wallet you counter by offering your wallet AND watch.

Stupid pols measuring their chances of keeping their seats rather than serving the public.

Bishop on December 17, 2012 at 6:25 PM

We’re with you KMav. If there isn’t a Libertarian to vote for, we won’t pull the lever ever again for a repub.

johnny reb on December 17, 2012 at 6:25 PM

Oops – one too many “l”s there.

Steve Eggleston on December 17, 2012 at 6:26 PM

I get he impression Boehner knows we’re going over the cliff, he just wants to look like he’s bending over backwards with concessions but Obama and Democrats are the ones to blame.

Democrats aren’t going to vote to cut Social Security or MediCare benefits and what Republican is going to want to fight a primary over raising taxes on small business owners? Especially since so many signed a “no tax” pledge. It will be the ultimate “read my lips” moment for the majority of Republicans in the House.

If Boehner cuts some deal where 80%-90% of Republicans vote against it, he’s going to be looking for a new job.

BradTank on December 17, 2012 at 6:00 PM

I really, really, really hope you are right

Sekhmet on December 17, 2012 at 6:26 PM

Renalin: you need to add a whole lot of people to that traitor list. You only scratched the surface.

johnny reb on December 17, 2012 at 6:27 PM

I get he impression Boehner knows we’re going over the cliff, he just wants to look like he’s bending over backwards with concessions but Obama and Democrats are the ones to blame.

Democrats aren’t going to vote to cut Social Security or MediCare benefits and what Republican is going to want to fight a primary over raising taxes on small business owners? Especially since so many signed a “no tax” pledge. It will be the ultimate “read my lips” moment for the majority of Republicans in the House.

If Boehner cuts some deal where 80%-90% of Republicans vote against it, he’s going to be looking for a new job.

BradTank on December 17, 2012 at 6:00 PM

I really, really, really hope you are right—fixed!

Sekhmet on December 17, 2012 at 6:27 PM

I am thinking that White House meeting had some deep discussions
of photos, a womans dress, and a good friend of the Dems.
When did we lose the house, oh we didn’t, well then why did we
want to win it if we act like losers. JB is afraid of his own shadow.
My second term Female Congress Person Jamie Herrera could do a better negotiating than this clown.

Whiterock on December 17, 2012 at 6:28 PM

What I will never understand is why the left can’t acknowledge basic math…you can’t spend more than you earn without borrowing to keep afloat, and then drowning in debt. It’s simple stuff, yet this administration wants to borrow and borrow and borrow some more so that they can spend us into oblivion. A third grader should go up to Capital Hill and try and explain it to them in simple terms so they may understand.

scalleywag on December 17, 2012 at 6:28 PM

time for let it burn…i hope the house gop tells boehner to pound sand….

cmsinaz on December 17, 2012 at 6:32 PM

I would hope that Boehner is agreeing to a crap sandwich because he has some ace up his sleeve…knows something we don’t. Riiiiiight.

scalleywag on December 17, 2012 at 6:33 PM

Scalleywag: They understand. They know exactly what they are doing. These politicians do not represent us anymore. They represent themselves. They know better than us, don’t you know.

johnny reb on December 17, 2012 at 6:34 PM

Waiting for Armageddon, does anyone in the GOP think in two years there’s going to be another democrat rout?

Do they really think wussie politics will win anything?

Speakup on December 17, 2012 at 6:34 PM

You’re done Boehner. DONE! Let the damn place burn down.

TruLevinian on December 17, 2012 at 6:34 PM

Confirmed, once again: Boehner is spineless RINO crybaby

Norwegian on December 17, 2012 at 6:35 PM

Michelle Bachmann will challenge Boehner.

Steve Eggleston on December 17, 2012 at 6:24 PM

Awwwriiiiight!

petefrt on December 17, 2012 at 6:36 PM

Speakup: You are probably right. If anything should have been learned last November is that the moochers & losers will vote to get their goodies. The GOP will probably be gone in Nov. 2014. RIP

johnny reb on December 17, 2012 at 6:37 PM

I would hope that Boehner is agreeing to a crap sandwich because he has some ace up his sleeve…knows something we don’t. Riiiiiight.

scalleywag on December 17, 2012 at 6:33 PM

Riiight indeed.

And that Romney “Deathstar” is still warming up, doncha’ know…LOL

Norwegian on December 17, 2012 at 6:37 PM

The House had better kill this stupid “deal”. Send the Weeping Boner home crying.

What a dipsh!t Boner is. Get rid of this idiot, NOW!

ThePrimordialOrderedPair on December 17, 2012 at 6:39 PM

Speaking of which, the odds that we will have Speaker Plastic instead of Speaker Orange next year just went up – Michelle Bachmann will challenge Boehner.

Steve Eggleston on December 17, 2012 at 6:24 PM

Teehee! Thanks for the link! They could give The Onion a run for its money. Did you catch the other “stories”?

* George Bush Accidentally Votes For Obama
* Republicans Propose Tax on Tampons
* Romney: ‘I Should Have Offered Them Fried Chicken’
* GOP Releases App to Help Republicans Find Black Friends

Ladysmith CulchaVulcha on December 17, 2012 at 6:39 PM

This has to be some kind of weird dream. I just keep waiting for Chevy Chase to fall down and say, “Live, from New York, it’s Saturday Night!”

STL_Vet on December 17, 2012 at 6:40 PM

Won’t this debt ceiling increase lead to another credit downgrade? This idiotic plan is nothing more than an extension of Junior’s credit-card limit to spend, spend, spend us into further oblivion and grow the feral government even more. Congress is NOT demonstrating any credible effort to pay off our debt.

Boehner is not an apt negotiator nor is he sound in economic grounding. Why has the caucus given him this power?

onlineanalyst on December 17, 2012 at 6:41 PM

This is a horrendous deal. The worst proposal that I’ve seen yet. Just awful.

besser tot als rot on December 17, 2012 at 6:41 PM

ot: mara thinks obama will use his executive orders on certain guns being imported to the us…

cmsinaz on December 17, 2012 at 6:41 PM

STL_Vet: America was over as of Nov 6, 2012.

johnny reb on December 17, 2012 at 6:42 PM

Boehner is not an apt negotiator nor is he sound in economic grounding. Why has the caucus given him this power?

onlineanalyst on December 17, 2012 at 6:41 PM

He is taking Obama’s offer and making it worse. Unbelievable.

besser tot als rot on December 17, 2012 at 6:42 PM

Who was the representative that was rumored to be challenging Boehner?

I think it’s time.

gophergirl on December 17, 2012 at 6:44 PM

Boehner’s offer signals that he expects a big deal with sufficient savings to meet his demand that any debt limit increase be paired dollar for dollar with spending cuts.

The Boner had better expect being booted out of Washington.

And “dollar for dollar” is not going to do it – even if that meant actual dollars of spending cut, which it most certainly doesn’t, anyway.

Crybaby Boner needs to be shunned, exiled, thrown out, tossed, shut up, locked in a closet, put in suspended animation … whatever. Just get that blithering idiot away from the “negotiations”. He’s a friggin loon … and a democrat in thin disguise (just like Charlie Orange Crisp).

Begone, you fruity sack of tears!

ThePrimordialOrderedPair on December 17, 2012 at 6:44 PM

cmsinaz: Big deal. There are plenty of great guns made in this country.

johnny reb on December 17, 2012 at 6:44 PM

One cannot move slow enough in the wrong direction.
-unknown author

STL_Vet on December 17, 2012 at 6:45 PM

We tried to warn the squishy RINO moderates but they called us kooks.

Arlen, Crist and Christie betrayed us, GOPe betrayed us.

SparkPlug on December 17, 2012 at 6:45 PM

Sparkplug: Everyone you named is really a demonrat.

johnny reb on December 17, 2012 at 6:47 PM

Rand Paul’s plan makes a lot more sense.

http://hotair.com/archives/2012/12/12/rand-paul-let-dems-raise-taxes-and-own-the-result/

Are higher taxes inevitable? If they are, Senator Rand Paul wants no Republican fingerprints on them.

sharrukin on December 17, 2012 at 6:47 PM

johnny reb on December 17, 2012 at 6:44 PM

tru dat…got mine right up the road in prescott, az

:)

cmsinaz on December 17, 2012 at 6:48 PM

And that Romney “Deathstar” is still warming up, doncha’ know…LOL

Norwegian on December 17, 2012 at 6:37 PM

Yep. Mitt is going to take off his mittens and minute and come out swinging. How many times did his cult members say that? It didn’t happen.

SparkPlug on December 17, 2012 at 6:48 PM

L.I.B.

What does Boehner gain doing an infamous deal like the one AP describes, other than escaping being blamed for economic disaster? If this is a bet, he only wins if the economy heads downwards despite the “deal” demanded by Obama and the Democrats, because then Democrats own the recession. So this is a bet that the public will blame the Democrats for that recession.

MTF on December 17, 2012 at 6:49 PM

The Weeping Boner is getting ready to help the Indonesian and the lunatic Dems spend like total lunatics without any budget, at all, for another year.

As I’ve said before, it has been the House’s responsibility since 2011 to insure that there is a federal budget. Hairy Reed can’t do jack-sh!t on his own. He needs the Crybaby and the House to aid and abet his budgetless, insane, un-Constitutional spending. The Crybaby is signaling that he’s all cool with continuing with that for another year.

No sane House member could possibly vote for this deal. The bill has to go down in flames in the House and the Crybaby needs to be ejected from the Weepership, already. He’s more than demonstrated what a retarded, insane, stupid POS he is. Who needs to see any more from this joker? I don’t care if only a few weeks are left in his tenure. It has to be ended NOW and the House had better not even think of making this miserable POS Weeper again next year.

ThePrimordialOrderedPair on December 17, 2012 at 6:51 PM

STL_Vet: America was over as of Nov 6, 2012.

johnny reb on December 17, 2012 at 6:42 PM

Perhaps over is too strong. But I do have a sense of dread for my children.

STL_Vet on December 17, 2012 at 6:52 PM

MTF: That’s a bad bet with all the LSM ready to blame the repubs no matter what. Lies don’t bother them.

johnny reb on December 17, 2012 at 6:53 PM

It isn’t Boehner that’s the problem here, it is Senate Democrats and Obama. If there is someone who honestly believes a different speaker is going to get Obama *AND* the Senate to cave and give in to House Republican demands, they are absolutely delusional.

The House Republicans have exactly two options:

1. Strike a temporary deal now, and rub the Democrats’ noses in the resulting economic damage in 2014.

2. Dig in their heals, refuse to make a deal, go over the “fiscal cliff” and get thrown out of the House wholesale in 2014.

Last time I checked, over 60% of the American people want a deal. They want a combination of BOTH some closing of tax loopholes and spending cuts. This seems to be what Boehner is offering here.

It doesn’t matter who is the Speaker, they are going to HAVE to come to a deal with the Democrats. It is two against one. The Democrats hold the Senate and the White House and letting the country sail over the tax code repeal and debt ceiling sequestration cliff would simply upset the majority of Americans and get the Republicans thrown out of the House in 2014 resulting in complete one-party rule in Washington DC. Not a smart move.

crosspatch on December 17, 2012 at 6:53 PM

L.I.B.

MTF on December 17, 2012 at 6:49 PM

L.B.B.

Let Boehner Burn.

ThePrimordialOrderedPair on December 17, 2012 at 6:56 PM

STL_Vet: Your kids and mine will never have the freedom we enjoyed as young people. I see what my kids are going thru and what my grandkids will face I don’t even like to think about. You define “over” in your way and I will define it my way.

Good luck.

johnny reb on December 17, 2012 at 6:57 PM

I have nothing but disdain for this worthless Establishment-RINO-Thug.

Hey RNC – Don’t EVER ask me for another dime.

Tools.

Tim_CA on December 17, 2012 at 7:00 PM

I am pretty sure that 0bama will also get a splintering of the GOP into 1960s democrats and conservatives. Long live the USSA!!

It is going to be a glorious future comrades GLORIOUS!!!!!!

jukin3 on December 17, 2012 at 7:01 PM

It is going to be a glorious future comrades GLORIOUS!!!!!!

jukin3 on December 17, 2012 at 7:01 PM

Someday I hope to work for the Government….just like every Medical Doctor soon will.

/

Tim_CA on December 17, 2012 at 7:02 PM

The House Republicans have exactly two options:

[...]

2. Dig in their heals, refuse to make a deal, go over the “fiscal cliff” and get thrown out of the House wholesale in 2014.

crosspatch on December 17, 2012 at 6:53 PM

Gee … and who is the idiot who made the deal that is “the fiscal cliff” anyway? The Weeping Boner did this. This was the last “debt-limit deal” that the moron made and then crowed about how great it was. Now, he’s scared to live up to his own deal?

The House GOP needs to hold the line. If the dems and the Indonesian want to raise taxes, then they’ll have to take the deal they signed onto and raise them on everyone.

The House GOP needs to not allow the dems and the Indonesian any more budgetless, un-Constitutional spending. That is the job of the House, holder of the purse strings. If they are scared to guard the purse they are Constitutionally in charge of then they are useless.

ThePrimordialOrderedPair on December 17, 2012 at 7:03 PM

So in exchange for a tweak to Social Security’s benefit formula, Boehner’s agreeing to tax hikes on the rich and limits on deductions and a mere promise of future spending cuts and a debt-ceiling increase that would formally abandon the live-to-fight-another-day strategy?

The only thing Boehner won’t throw overboard is the corporate welfare for his cronies in the sequestration—and we’re not even talking about real cuts in corporate welfare, only a reduction in the rate of increase, yet that is the one thing that Boehner won’t dare let come to pass, he’ll sacrifice all the promises Republicans made to voters to get elected as long as he can save the corporate welfare and prevent the sequestration.

FloatingRock on December 17, 2012 at 7:03 PM

If the dems and the Indonesian want to raise taxes, then they’ll have to take the deal they signed onto and raise them on everyone.

ThePrimordialOrderedPair on December 17, 2012 at 7:03 PM

LMFAO….thanks, I needed that.

Tim_CA on December 17, 2012 at 7:06 PM

So much for the $10 cuts for every $1 tax increase that fascinated the media during Republican primaries.

HopeHeFails on December 17, 2012 at 7:08 PM

The only thing that is sure to happen is the taxpayer will take it in the shorts when this BS in DC is over.

johnny reb on December 17, 2012 at 7:09 PM

Or we might be lucky and the world will end on 12-21-12

johnny reb on December 17, 2012 at 7:11 PM

Or we might be lucky and the world will end on 12-21-12

johnny reb on December 17, 2012 at 7:11 PM

That whole Mayan thing’s not looking so bad compared to four more years of Dumb (Obummer) and Dumberer (Boner) is it?

Tim_CA on December 17, 2012 at 7:14 PM

How many more years are we the people prepared to be cheated and robbed by these hooligans? No one in Washington, not Boehner, not Obama, not any person in Congress or the Senate, has our interests at heart. Not a single one of them. It’s all a big political game, a game they play solely to enrich themselves.

scalleywag on December 17, 2012 at 7:17 PM

If Boehner would sacrifice the corporate welfare and allow the sequestration he and other Republicans can keep their promises to voters with little, if any, political risk. It’s only because he wants to save the corporate welfare at any cost that he is willing to sacrifice everything else.

FloatingRock on December 17, 2012 at 7:17 PM

It would serve them right if all the countries we owe money to made a march on DC and demanded the government start living within their means or call in their loans. That’s what would happen to us!

scalleywag on December 17, 2012 at 7:19 PM

Ladysmith CulchaVulcha on December 17, 2012 at 6:39 PM

Memo to self – vet the sources.

Steve Eggleston on December 17, 2012 at 7:21 PM

For Goodness sakes!!! Can’t we all get up off our lazy a**es and finally agree: Come January’s new Congress, John Boehner has GOT TO GO!!!

seanrobins on December 17, 2012 at 7:23 PM

Oh please, neither side wants to cut spending. No one wants to be blamed for a recession. US becoming Greece is coming just around the corner

davemason2k on December 17, 2012 at 7:25 PM

Memo to self – vet the sources.

Steve Eggleston on December 17, 2012 at 7:21 PM

If you must. But you know how much women love teh funny!

;)

Ladysmith CulchaVulcha on December 17, 2012 at 7:26 PM

crosspatch on December 17, 2012 at 6:53 PM

You are wrong. There is another option…

DO THE RIGHT THING.

Go over the fiscal cliff. And take debt limit off the table.

PS: No matter what happens with the economy, Dems get the credit and Pubs get the blame.

PS: If somebody tells me Repubs will get the blame here is a newsflash – REPUBS will get the blame regardless. So stop compromising your principles.

antisocial on December 17, 2012 at 7:26 PM

Translation…Boehner caved and will give the dictator wannabe dictatorial powers on spending and deficits for at least one year.

bgibbs1000 on December 17, 2012 at 7:27 PM

Yep. Mitt is going to take off his mittens and minute and come out swinging. How many times did his cult members say that? It didn’t happen.

SparkPlug on December 17, 2012 at 6:48 PM

The only time the Mittlers show up any more is when they have a chance to bash Sarah Palin. Remember when the Harpies, M.J. Brutus, Ricky Retardo, Basilsbest, etc. told us all we had to do was nominate Mittens and the election was in the bag? They should have listened to Leo Durocher – nice guys finish last.

bw222 on December 17, 2012 at 7:31 PM

Mr. Gambino to Mr. Gotti: “Remind me again what the difference between the Democrats and Republicans”

roflmmfao

donabernathy on December 17, 2012 at 7:36 PM

Boehner’s offer signals that he expects a big deal with sufficient savings to meet his demand that any debt limit increase be paired dollar for dollar with spending cuts.

Kind of like when the GOP engineered the deal where 300,000 three million illegal aliens gained amnesty in exchange for border security and enforcement of the country’s immigration laws?

bw222 on December 17, 2012 at 7:37 PM

So stop compromising your principles.

antisocial on December 17, 2012 at 7:26 PM

Heh.

A thread about Boner should NEVER include the word “principles”…the man has none.

Political Expediency and Self Preservation is what he’s programmed for.

Principles get in the way.

Tim_CA on December 17, 2012 at 7:38 PM

antisocial: The GOP has not principles to speak of, and those who defend the actions of the GOP are, at the very least, content that the political parties stand for no principles whatsoever.

Scott H on December 17, 2012 at 7:41 PM

200 billion in cuts doesn’t pay for the interest…and he may “cut”, but how about adding elsewhere?

A trick the have pulled more than once…cut welfare, but increase “housing”…

right2bright on December 17, 2012 at 8:20 PM

Now it’s $400k…?

Umm…ok

Bishop on December 17, 2012 at 8:20 PM

What the h@LL do they mean the debt ceiling will be raised ‘for a year’ versus by a specific ammount?! Do they mean Obama gets to spend as much as he wants for a year???

easyt65 on December 17, 2012 at 8:24 PM

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