Breaking: Obama to speak about fiscal cliff at 1:30; Update: Tax deal done? Update: Sabotage?

posted at 1:11 pm on December 31, 2012 by Allahpundit

Just an FYI in case you’re one of the few Americans who’s still following this. Remember that O said on Friday that if Reid and McConnell couldn’t reach a deal by Monday, he’d ask Reid to bring the Obama plan — featuring tax hikes on all earners above $250,000 — up for a vote on the Senate floor. According to the AP, the “contours” of a deal are emerging as I write this. Good enough to buy more time for negotiations, or is O about to pull the plug and demand that up-or-down vote after all?

The contours of a deal to avert the ‘fiscal cliff’ emerged Monday, with Democrats and Republicans agreeing to raise tax rates on couples making over $450,000 a year, increase the estate tax rate and extend unemployment benefits for one year, officials familiar with the negotiations said…

The deal in the works would return tax rates on families making over $450,000 to 39.6 percent, the same level as under former President Bill Clinton. The agreement would also raise tax on estates worth more than $5 million from 35 percent to 40 percent. Unemployment benefits would be extended for one year.

A “senior Republican side” tells Reuters that a majority of Senate Republicans are expected to vote yes on the deal. Republicans may not be the main stumbling block anymore, though. There’s a lot of angst among liberals this morning about Democrats backing off of the $250,000 threshold for new taxes, with people as prominent as Tom Harkin dumping all over the proposed deal. Joshua Green explains:

With the caveat that no reporter is privy to the details of the offers being swapped, here is the deal that seemed to be emerging: Democrats would get an extension of unemployment benefits for 2.1 million people; they’d patch the alternative minimum tax for a year to protect the middle class from sharp tax hikes; and they’d implement a “doc fix” to ensure that Medicare reimbursement rates to doctors don’t fall precipitously and limit patients’ access to medical care. Republicans would get to preserve Bush-era income tax rates for households making up to $400,000 (rather than the $250,000 limit Democrats prefer). They’d also get a lower tax rate and a much higher threshold for inheritance taxes (set to revert to 55 percent on estates of more than $1 million on Tuesday). And significantly, Republicans would hold onto their greatest point of leverage in upcoming negotiations over entitlement cuts, because the deal wouldn’t raise the debt limit.

Here’s what’s important about everything Democrats would get: It’s temporary; everything expires (presumably) within a year. Here’s what’s important about what Republicans would get: it’s permanent. The tax rates won’t expire.

That means Democrats are offering a huge gift to Republicans and getting almost nothing in return because on Jan. 1, if no deal is struck, Democrats will get even more revenue than they’re asking for without conceding a thing. And if, as polls suggest, voters would blame Republicans for going over the cliff, Democrats are also offering to save Republicans from their worst impulses—which, at least for the time being, since they haven’t yet agreed, is to reject this deal.

A GOP source made the same point to Philip Klein, boasting that the emerging deal would trade “permanent Republican priorities in exchange for temporary Democratic priorities.” I’m mystified as to why Democrats would budge that far on the income threshold for new taxes when they can wait another 11 hours and then pound the table for tax hikes on the $250K and up crowd, as O demanded all along. If you’re not even getting the GOP to agree to raise the debt ceiling in return, why would you do such a thing? Lefty Jonathan Chait doesn’t understand it either and thinks all it’ll do is convince the GOP that they can make Obama blink on the debt ceiling if they hold out on that in a few months too.

Hence the mystery of O’s 1:30 appearance. Is he going to go out there and say he’s “encouraged by the progress” or whatever and hopeful that a deal can be reached in the next few hours, or is he going to side with progressives and call this a crap deal that he can’t support and demand that Reid bring O’s own bill up for a vote? (The latter would be odd given that his own VP is now evidently the lead Democratic negotiator.) I think he’ll do both: He’ll set a deadline of, say, 5 p.m. today for a negotiated deal and then ask for a vote on his plan if nothing’s been hammered out by then. Presumably the GOP will filibuster it — why vote yes if there’s a better deal for Republicans being negotiated between Biden and McConnell? — and then O can whine about it for a day or two until something finally passes both houses.

Stand by for updates.

Update: Liberals care trying to figure out the Democrats’ strategy in moving off of the $250K threshold. Ezra Klein says they’re giving a little now in the expectation of getting a lot later — namely, they’re planning to ask for further tax hikes in exchange for entitlement cuts as part of the inevitable debt-ceiling deal in the spring. Greg Sargent is more pessimistic and thinks they’re caving because they’ve realized they don’t have quite as much leverage as they thought:

A White House ally spells out an alternative interpretation. Dems don’t necessarily believe going over the cliff will give them all that much more leverage in the talks next year. It’s been widely argued (by me and many others) that if we do go over the cliff, Dems can simply move to pass the Obama Tax Cuts For The Middle Class, forcing House Republicans to go along. But some Dems question whether House Republicans will feel the need to follow this script. Rather, the thinking goes, if Dems do that next year, the House GOP leadership can pass its own bill cutting taxes on all income up to, say, $500,000 or $600,000.

If the idea is that it’s easier for Republicans to support continuing tax cuts just on some income levels after they’ve all expired, such a bill (with $500,000 or $600,000 as the threshold) could pass the House. What’s more, some Congressional Democrats may feel like they have to support such a bill, too. And the worry is that if this is then kicked over to the Senate, then some Senate Dems may feel tempted to support it or at least negotiate around it, which could divide Senate Dems. After all, some of them have already voiced support for putting the income threshold at $500,000 or $1 million.

And so, the idea is that it’s better to lock in a deal on rates now, at, say, $450,000, extend unemployment benefits, and pocket those gains and continue the fight next year.

Obama can’t hold his own caucus together on one of his signature policy demands, flush from a landslide presidential election win? What?

Update: Sounds like the key sticking point is unstuck:

Update: Equally baffling, why doesn’t the GOP, the self-styled party of “the family,” push for this?

Update: Marco Rubio said yesterday that he thinks most Senate Republicans are disinclined to filibuster whatever ends up coming to the floor, but I assume that’s limited to whatever bill emerges from negotiations. They’ll surely filibuster Obama’s bill if Reid brings it up. Why wouldn’t they at this point, when they know how far Dems will bend on the income threshold?

Update: Via Mediaite, Bob Corker reminds us just how embarrassingly low the stakes are here from the standpoint of deficit reduction. Quote: “This is a lot of fuss about nothing today, unless you make, you know, somewhere between $350,000 a year and $550,000, today’s discussion is totally irrelevant, because that’s all that’s being discussed.”

Visit NBCNews.com for breaking news, world news, and news about the economy

Update: Expect the obligatory amount of preening at this presser but not much news:

Update: Like Corker said, totally irrelevant:

Update: Senate GOP aides tell NRO that the two sides have agreed on the tax numbers. Details: $400K for individuals, $450K for married couples, and a 40 percent tax on estates above $5 million. Can it pass the House, though? Quote:

Update: O’s presser is done and the tone was … not helpful. In fact, a la Ezra Klein’s piece above, he specifically warned the GOP to expect a new demand for taxes when the debt ceiling standoff comes:

Why antagonize the other side when we’re finally on the cusp of a deal? Because, silly: He knows his base is going to hate this deal after he promised them an income threshold of $250K and tweaking the GOP is one way to get back in their good graces. In fact, if he tweaks them enough, Republicans might walk away in annoyance, which would bail O out by not only canceling the deal but letting the White House blame the GOP for its failure. To wit:

Update: Timothy Noah of TNR posts an open letter to Senate and House Democrats begging them to kill this deal. Meanwhile, Obama’s attempt to bait Republicans into walking away may be paying dividends:

Update: Mercifully, the House Republican leadership is whispering that they’re more likely to vote tomorrow on a final bill instead of late tonight, when no one but no one will be paying attention. Taxes do go up at midnight, but since markets are closed for the holiday tomorrow, the impact will be negligible — assuming that the final bill does end up passing, of course.

Update: Is the GOP about to take the bait?

Update: Another reason why the House is more inclined to vote tomorrow:

GOP sources admitted there is an added benefit to the Senate’s delay: taxes would already be up, so lawmakers could argue that they are voting for tax cuts, as opposed to tax increases.

One GOP source also said that may help get more House Republicans to vote for the deal.

“I wouldn’t overestimate it, but a handful may be the difference we need,” the source said.

Update: Interesting analogy. The difference is, Leon Lett didn’t fumble intentionally.


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Who, exactly, gives a damn?

JohnGalt23 on December 31, 2012 at 1:13 PM

I can’t stand to watch him talk or listen to what he says anymore.

Paul-Cincy on December 31, 2012 at 1:13 PM

LET IT BURN

burserker on December 31, 2012 at 1:14 PM

Wiz of Oz: “Hey, Don’t Look At Me! It’s Those Damn American Tea-Bagger’s Fault!”

M2RB: Bohemian Rhapsody from “Wayne’s World”

Resist We Much on December 31, 2012 at 1:14 PM

Screw him and the Marxists he rode in on.

davidk on December 31, 2012 at 1:14 PM

I have an advance copy of Obama’s 1:30 p.m. Fiscal Cliff Speech: “It’s the GOP’s Fault!!!”

kingsjester on December 31, 2012 at 1:17 PM

He’s going to set the new record for “I”‘s per minute in a nationally televised speech?

trubble on December 31, 2012 at 1:17 PM

Think of just how stupid the average person is, realize that half of them are stupider than that…

George Carlin

PatriotRider on December 31, 2012 at 1:18 PM

Why bother watching. We already know that he will blame somebody other than himself.

DAT60A3 on December 31, 2012 at 1:18 PM

Burn.

davek70 on December 31, 2012 at 1:19 PM

I haven’t seen anyone willing to take so much personal/party advantage of such a critical situation in a long time. Maybe never.

rogerb on December 29, 2012 at 6:25 AM

Then you know nothing about politics or politicians, my friend.

chumpThreads on December 29, 2012 at 9:56 AM

BTW, you realize what you admitted/confirmed there, right?

rogerb on December 30, 2012 at 6:45 PM

rogerb on December 31, 2012 at 1:20 PM

I will let you people who have really strong stomachs listen to this lying little p-ant! I can not stand to look or hear him any longer!
L

letget on December 31, 2012 at 1:20 PM

I really don’t understand why everyone is losing their mind over this. Regardless if we fall off the cliff or not, there will be legislation within days to get the tax cuts for middle class Americans. And after all, that’s all the average person cares about.

These guys are negotiating who gets elected next cycle, that’s all.

ButterflyDragon on December 31, 2012 at 1:20 PM

Just breaking that the two sides have reached an agreement on tax increases. Yippee.

McConnell probably agreed to increase taxes on everyone over 50k.

milcus on December 31, 2012 at 1:21 PM

Why doesn’t the President want all of the Clinton tax rates?

Weren’t they the reason life was wonderful?

Haven’t we heard that refrain over and over?

It was all just so much BS wasn’t it?

Speakup on December 31, 2012 at 1:22 PM

Maybe, he’ll announce an EO giving federal employees another raise to help them pay their new higher taxes…?

Fallon on December 31, 2012 at 1:23 PM

I think this is great time for him for him to tell us how wonderful he is and how we are just indentured serfs placed here to serve him.

I’m sure that Bush will be blamed for all of this as well as rich people need to pay their fair share.

acyl72 on December 31, 2012 at 1:23 PM

McConnell probably agreed to increase taxes on everyone over 50k.

milcus on December 31, 2012 at 1:21 PM

THE GOP must not agree to this. They are giving Dumbo a bludgeon he will use on them time and again.

dogsoldier on December 31, 2012 at 1:24 PM

A quick prayer to the clot Gods.

Mr. Arrogant on December 31, 2012 at 1:24 PM

McConnell probably agreed to increase taxes on everyone over 50k.

milcus on December 31, 2012 at 1:21 PM

And $145 trillion in cuts to entitlement programs.

Later on, of course.

BobMbx on December 31, 2012 at 1:25 PM

The good news is that Biden just became the front-runner for the Democratic nomination. And beating him is a lot easier than beating Clinton.

milcus on December 31, 2012 at 1:25 PM

Just breaking that the two sides have reached an agreement on tax increases. Yippee.

McConnell probably agreed to increase taxes on everyone over 50k.

milcus on December 31, 2012 at 1:21 PM

Still has to pass the House.

ButterflyDragon on December 31, 2012 at 1:25 PM

Why bother watching. We already know that he will blame somebody other than himself.

DAT60A3 on December 31, 2012 at 1:18 PM

He owns nothing of what happens. Which is good for him, because our country is taking the express elevator down the shithole. When does he accept responsible for anything? He’s strangely detached from the fate of our dear nation, like he’s playing a video game. Not like an American but like he’s a citizen of the world, and America is where he just happened to end up, like a consequence of a travel booking accident. He’ll take a few shots at Republicans, score a few points, saunter away from the podium like he doesn’t have a care in the world, and then put his feet up after a good day at the joystick.

Paul-Cincy on December 31, 2012 at 1:26 PM

He’s watching his approval rating, fresh off an election-win bump, go down, down, down. Looks like the GOP won’t be getting all the blame after all. What a clown this guy calling himself the United States president is.

Rational Thought on December 31, 2012 at 1:27 PM

THE GOP must not agree to this. They are giving Dumbo a bludgeon he will use on them time and again.

dogsoldier on December 31, 2012 at 1:24 PM

Not necessarily. By “compromising” they take the whole notion that Republicans cant work with Obama out of the mix. So, he cant use it against them in the future.

For the country, this is better than going over the cliff. And for Republicans this is infinitely better than going over the cliff.

Stated another way, Republicans will lose the battle, but will remain in the war. Going over the cliff would have meant they lost the war.

milcus on December 31, 2012 at 1:27 PM

Unless he’s in the car going over the cliff with Thelma and Louise I won’t bother.

Since that won’t be the case I have more important things to do – yard work.

Cody1991 on December 31, 2012 at 1:27 PM

“The agreement would also raise tax on estates worth more than $5 million from 35 percent to 40 percent.”

AWFUL. McConnell is selling us out. VOTE PRESENT or LET IT BURN.

cdog0613 on December 31, 2012 at 1:29 PM

Making the Bush tax cuts permanent for everyone is a *huge* win in my book. Given that any further tax increases on the rich won’t make a significant difference in revenue, it gives conservatives a lot more leverage in the future to cut spending.

“We raised taxes on the rich before, and it didn’t help, so we’re not going to try that again. We’re not going to raise taxes on the middle class or the poor–duh! That means that we’ll need to cut spending/reform entitlements/repeal Obamacare in order to get a deal!”

Of course, this smells like a giant red herring. Expect Obama to claim that the compromise is his original plan–$1.6T in tax increases and no spending cuts.

Mohonri on December 31, 2012 at 1:29 PM

I am sure there is a deal. It will naturally screw the American people and republic will get the blame either way.
Don’t these types of bills have to begin in the House?
I hope we fly off the cliff.
I sell real estate and for the first time in 24 years am practically out of business anyway.

Delsa on December 31, 2012 at 1:29 PM

Why bother watching. We already know that he will blame somebody other than himself.

DAT60A3 on December 31, 2012 at 1:18 PM

See my link above and meet my nominee for an Obama for his extraordinary performance in “Wayne’s World of Blame” and don’t you believe it when they say the Tea Party has lost its power. lol

Resist We Much on December 31, 2012 at 1:30 PM

Heh, heh, heh. How much ya wanna bet Shrillery’s spokesperson comes out with an “update” on her condition about 20 minutes after that clown gives his statement?

Rational Thought on December 31, 2012 at 1:30 PM

Just breaking that the two sides have reached an agreement on tax increases. Yippee.

McConnell probably agreed to increase taxes on everyone over 50k.

milcus on December 31, 2012 at 1:21 PM

Still has to pass the House.

ButterflyDragon on December 31, 2012 at 1:25 PM

Which Bonehead Boenher couldn’t get either of his Plan A or B past.

SWalker on December 31, 2012 at 1:30 PM

Update: Equally baffling, why doesn’t the GOP, the self-styled party of “the family,” push for this?

Exactly. Why is a couple supposidly a professional (like a lawyer, doctor, etc..) and a secretary? If Republicans had any freaking brains, they would have hammered Obama for months on the point that he believes the second spouse (“cough” women “cough”) is this weak creature that cannot do equal work and can only find work in lower paying fields.

milcus on December 31, 2012 at 1:30 PM

Think ill keep my televisions OFF

Delsa on December 31, 2012 at 1:30 PM

Don’t Care….

I can already write the script.

blah, blah, Obstructionist Republicans, blah, blah.

The MSM will eat it up.

Tim_CA on December 31, 2012 at 1:32 PM

So after they drove the car into the ditch, made it as difficult as possible for us to pull it back, now they want the keys back. No! You can’t drive! We don’t want to have to go back into the ditch! We just got the car out!
 
- President Barack H. Obama, 2010

 
Weird how they’re not talking about who is driving any more…

rogerb on December 31, 2012 at 1:33 PM

time to vacuum.

ctmom on December 31, 2012 at 1:34 PM

Why doesn’t the President want all of the Clinton tax rates?

Weren’t they the reason life was wonderful?

Haven’t we heard that refrain over and over?

It was all just so much BS wasn’t it?

Speakup on December 31, 2012 at 1:22 PM

Of course it was…just like the “Bush tax cuts for the rich,” which weren’t “paid for” and “caused the Great Recession.” Now, those very same Democrats, who voted AGAINST the “Bush tax cuts for the rich” are arguing that 98% of them must be extended because they were “middle class” tax cuts. Are they “paid for”? Will they cause another “Great Recession”? Not a chance. Without them, we “risk another recession…maybe even a depression worse than the Great Depression.”

Resist We Much on December 31, 2012 at 1:34 PM

@frankthorpNBC talks w/ Rep Mike Rogers coming out of speaker’s suite. Rogers: “”I don’t know how it passes the House, I just don’t see it.”

cdog0613 on December 31, 2012 at 1:35 PM

Weird how they’re not talking about who is driving any more…

rogerb on December 31, 2012 at 1:33 PM

Guess what’s at the bottom of the fiscal cliff?

100,000,000,000 used Slurpee cups.

Resist We Much on December 31, 2012 at 1:36 PM

Speaker of the house has already agreed.
They all think the American WORKING man or woman will hail them as heroes while they are actually killing us all!
All gov workers get raises? What’s that all about?
F’em all

Delsa on December 31, 2012 at 1:37 PM

100,000,000,000 used Slurpee cups.

Resist We Much on December 31, 2012 at 1:36 PM

And free condoms.

Tim_CA on December 31, 2012 at 1:37 PM

I decided I hate the GOP. No spending cuts? Ridiculous.

mrscullen on December 31, 2012 at 1:37 PM

Which Bonehead Boenher couldn’t get either of his Plan A or B past.

SWalker on December 31, 2012 at 1:30 PM

I had a dream the other night and Ben Stein was saying:

“Boehner? Boehner? Boehner?”

Resist We Much on December 31, 2012 at 1:37 PM

So McConnell agrees to increasing taxes and no spending cuts. Is anyone actually shocked by this?

topdawg on December 31, 2012 at 1:38 PM

This is gonna be epic

BallisticBob on December 31, 2012 at 1:39 PM

“Well we were almost there when the republicans demanded
that we scrap Medicare and Social Security entirely .”
Liars and damn liars !

Lucano on December 31, 2012 at 1:39 PM

Primary anyone who votes “yes” as opposed to “present” or “no” on this.

cdog0613 on December 31, 2012 at 1:40 PM

Jonah Goldberg ‏@JonahNRO

I like how Elijah Cummings just said on MSNBC that he wants what’s best for his constituents *and* for taxpayers.

#WhateverYouSayDon’tSay47%

Resist We Much on December 31, 2012 at 1:40 PM

No sending cuts? So Boner is about to humiliate himself…again. Can we get a new speaker after that?

Rational Thought on December 31, 2012 at 1:41 PM

The leftists will do anything to get their class war further embedded in the tax code. If they want taxes to go up on anyone then taxes have to go up on everyone. Anything that moves America further away from a flat tax structure – which is the ONLY sort of fair tax schedule – is a move towards the Indonesian’s third world class war against America and the West.

Leftists are the death of civilization. They are nihilistic low-lifes who are too cowardly to just off themselves but have to work to try to make everyone as miserable as they are. They are the lowest of the low.

ThePrimordialOrderedPair on December 31, 2012 at 1:41 PM

I pray the house reps tell leadership yo pound sand!
Someone has to stand up !

Delsa on December 31, 2012 at 1:41 PM

Oh, wow…

1:30, huh?

You know, I’d watch except that I’ve been putting off pouring battery acid in my eyes while plunging my feet into a fryolator and having steaming hot sex with Rosie O’Donnell Helen Thomas.

I’ll catch Barry another time.

(It just sucks watching your country die…)

turfmann on December 31, 2012 at 1:41 PM

Think ill keep my televisions OFF

Delsa on December 31, 2012 at 1:30 PM

Head over to Turner Classic Movies. Abbott and Costello Marathon! Goes til 8 PM.

Del Dolemonte on December 31, 2012 at 1:43 PM

Who the hell are these guys????

Blaise on December 31, 2012 at 1:43 PM

Budget negotiations as performance art.

Paul-Cincy on December 31, 2012 at 1:43 PM

Oh look, more “middle class” props lining up behind the podium…

Puke.

Common Sense Floridian on December 31, 2012 at 1:43 PM

a freakin’ multi-cultural cry baby photo-opp. disgusting.. but i didn’t expect anything less from our deal leader

gatorboy on December 31, 2012 at 1:44 PM

If this is true, the GOP Moderate Elite are nothing but Obama’s doormat.

kingsjester on December 31, 2012 at 1:44 PM

Who the hell are these guys????

Blaise on December 31, 2012 at 1:43 PM

Heh.

BallisticBob on December 31, 2012 at 1:44 PM

The E-mail I sent to my congresscritter about this crap sandwich.

So, are you intending to betray your constitutes again by agreeing to vote for McConnell’s abomination? Meh, it won’t surprise me, you are after all more concerned in protecting your political future than you are in solving any of the nations problems.

We have a spending problem, well actually it’s you corrupt b.astards in congress that have a spending problem, you are like heroin addicts, you lie, cheat and steal because you can’t quit spending. And we, the tax payers have to foot the bill for your addiction.

Oh, and to the prick aid who reads this and ensures that MY congressman remains insulated from his dirty unwashed mass plebiscites, please take the remainder of the day to perform an anatomically impossible act on yourself.

SWalker on December 31, 2012 at 1:44 PM

Clapping?

BallisticBob on December 31, 2012 at 1:44 PM

WTF is this?

BallisticBob on December 31, 2012 at 1:45 PM

The E-mail I sent to my congresscritter about this c.rap sandwich.

So, are you intending to betray your constitutes again by agreeing to vote for McConnell’s abomination? Meh, it won’t surprise me, you are after all more concerned in protecting your political future than you are in solving any of the nations problems.

We have a spending problem, well actually it’s you corrupt b.astards in congress that have a spending problem, you are like heroin addicts, you lie, cheat and steal because you can’t quit spending. And we, the tax payers have to foot the bill for your addiction.

Oh, and to the p.rick aid who reads this and ensures that MY congressman remains insulated from his dirty unwashed mass plebiscites, please take the remainder of the day to perform an anatomically impossible act on yourself.

SWalker on December 31, 2012 at 1:45 PM

this is not a presser… its a freakin’ campaign rally

gatorboy on December 31, 2012 at 1:45 PM

I guess this is a “campaign rally” for Barry. Pathetic.

cdog0613 on December 31, 2012 at 1:45 PM

Somewhere, an extra-crispy Lenin smiles.

kingsjester on December 31, 2012 at 1:45 PM

God speaks.

“Me”

“I do”

Schadenfreude on December 31, 2012 at 1:45 PM

His cadence is unnerving. May his head split from arrogance.

Schadenfreude on December 31, 2012 at 1:46 PM

a freakin’ multi-cultural cry baby photo-opp. disgusting.. but i didn’t expect anything less from our deal leader

gatorboy on December 31, 2012 at 1:44 PM

Multicultural? I only see one or two Hispanics. Flag on the play.

Paul-Cincy on December 31, 2012 at 1:46 PM

blame blame blame.. what a loser

gatorboy on December 31, 2012 at 1:46 PM

The president walks in to his press conference and gets cheers and a round of applause. This is a farce.

Fenris on December 31, 2012 at 1:46 PM

…did he detour a tour group?

sunny on December 31, 2012 at 1:46 PM

“I want to speak”

Schadenfreude on December 31, 2012 at 1:46 PM

The Left loves the old Clinton rates so much, then let the rates rise.

The Left loves Obamacare so much, so let all the costs of it hit.

And the deal was to let all of that junk happen in exchange for a single raise in the debt ceiling last year. So, Obama can now deliver the brandy-new balanced budget that the magical Clinton tax rates will get him plus the lovely splendidness of the low-cost Obamacare!

Because all of that additional ‘revenue’ and ‘savings’ will assuredly balance the budget. I mean that IS what the Left implies so let it all happen. This is the deal Obama wanted LAST YEAR so let him LIVE WITH IT and all of his brown-nosers as well.

ajacksonian on December 31, 2012 at 1:47 PM

Just a reminder…

Democrats Were Against The Bush Middle Class Tax Cuts Before They Were For Them

M2RB: Garbage

Read their names.

Resist We Much on December 31, 2012 at 1:47 PM

now he’s checking off all the boxes… way to go Barry… what a team player you are /s

gatorboy on December 31, 2012 at 1:47 PM

“middle class…children”

Obama hates the middle class, make no mistake.

Schadenfreude on December 31, 2012 at 1:47 PM

He doesn’t say “to” – he says “teh”

Schadenfreude on December 31, 2012 at 1:47 PM

Waiting for the part where Obama says he and his party were against the lower Bush tax rates in the first place.

Duplicitous bastage.

Common Sense Floridian on December 31, 2012 at 1:48 PM

“With this Congress …” *laugh line*

Paul-Cincy on December 31, 2012 at 1:48 PM

So the GOP is going to “wait to fight another day” because “this isn’t the hill to die on” as far as spending cuts or entitlement reform goes, and use the cuts as “leverage” in the debt limit talks?

And when Turbo Tax Timmy threatens to cut off Grandma’s SS check because it would only bounce, the GOP will cave again.

*sigh*

Wethal on December 31, 2012 at 1:48 PM

Reduced spending?

BWHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!

BallisticBob on December 31, 2012 at 1:48 PM

The deficit was reduced? When?

Ronnie on December 31, 2012 at 1:48 PM

Nauseating.

cibolo on December 31, 2012 at 1:48 PM

Senior GOP aide: Biden-McConnell agree on biggest cliff-talks issue: Clinton-era 39.6% top rate for indiv above $400K, couples above $450K

Seriously.

We need new leadership.

WTF happened to this party?

Tim_CA on December 31, 2012 at 1:48 PM

May all the stupid who brought this fool, twice, suffer immeasurably, with their families, hungry, in the dark/cold.

What a math fool he is.

Goebbels has another orgasm.

Schadenfreude on December 31, 2012 at 1:49 PM

liar liar pants on fire… never mind.. nobody cares

gatorboy on December 31, 2012 at 1:49 PM

The “middle class taxpayer” useful idiot props applauding the clown-in-chief are bad enough, but worse — much, much, much worse — is that more than 50% of American voters fall for that kind of shit. They should be insulted — deeply insulted to the point of violence — but instead they fall for it. So sad to live among such dumb, dumb sheep.

Rational Thought on December 31, 2012 at 1:49 PM

“Obviously I cut off Boehners cojones, mhhhh”

May god damn you both.

Schadenfreude on December 31, 2012 at 1:49 PM

…did he detour a tour group?

sunny on December 31, 2012 at 1:46 PM

They’re “middle class taxpayers.”

Wethal on December 31, 2012 at 1:49 PM

He lies like a rug.

kingsjester on December 31, 2012 at 1:49 PM

Of course, he brought plenty of props with him. Damnable lemmings, standing around on the stage while That One takes credit for protecting people “like these folks.”

Mr. Prodigy on December 31, 2012 at 1:50 PM

“the threat of tax hikes going up”

This is the ‘smartest’ person on Earth, puke, hurl, hurl, hurl.

Schadenfreude on December 31, 2012 at 1:50 PM

He doesn’t say “to” – he says “teh”

Schadenfreude on December 31, 2012 at 1:47 PM

“blah, blah, blah, blah”

VegasRick on December 31, 2012 at 1:50 PM

Rugs are indignant.

Schadenfreude on December 31, 2012 at 1:50 PM

“With this Congress …” *laugh line*

Paul-Cincy on December 31, 2012 at 1:48 PM

The press isn’t even trying to project a facade of objectivity anymore.

Fenris on December 31, 2012 at 1:50 PM

What a dark era the US is in.

Schadenfreude on December 31, 2012 at 1:50 PM

“Lets do things the smart, balanced way”

BWHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!

BallisticBob on December 31, 2012 at 1:50 PM

No spending cuts?

p0s3r on December 31, 2012 at 1:50 PM

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