Obama's opening "fiscal cliff" bid seeks debt limit hike, stimulus

[Stephanie]

lovely

SNIP:
ASHINGTON | Thu Nov 29, 2012 7:21pm EST

WASHINGTON (Reuters) - The Obama administration's opening bid on Thursday in negotiations to avert a year-end fiscal crunch included a demand for new stimulus spending and authority to unilaterally raise the U.S. borrowing ceiling, a Republican congressional aide said.

The proposal, made by Treasury Secretary Timothy Geithner to congressional Republican leaders on Capitol Hill, was seen as offering little the Republicans could agree to and was greeted with laughter, the aide said.

"We can't move any closer to them because they're not even on our planet," the aide said. "It was not a serious proposal."

Obama and congressional Republicans are returning to the bargaining table to prevent across-the board tax increases and deep spending cuts, the so-called fiscal cliff, from taking effect next year.

The president wants Bush-era tax breaks to be extended for all but the wealthiest earners, but Republicans have balked at tax hikes of any kind.

In the maiden bargaining session, Geithner, the president's lead negotiator, proposed raising tax revenues by $1.6 trillion, congressional aides confirmed. That figure is in line with what Obama has said is necessary to achieve long-term deficit reduction of $4 trillion over 10 years.

The administration also sought at least $50 billion in new economic stimulus spending.

Obama's negotiators also sought the ability to raise the nation's borrowing limit unilaterally. Currently, Congress must approve an increase in the debt ceiling, and it was an impasse over that issue that brought the country perilously close to default in 2011.

all of it here
Obama's opening fiscal cliff bid seeks debt limit hike, stimulus | Reuters

 

[jillian]

and?

 

[Stephanie]

and?

Oh nothing..they put up a proposal that wasn't serious and was laughing about it
this is who dealing with your lives..but who gives a shit..

 

[jillian]

and?

Oh nothing..they put up a proposal that wasn't serious and was laughing about it
this is who dealing with your lives..but who gives a shit..

what isn't serious about it?

we need to build infrastructure. it's embarrassing how we measure up to other western countries in that regard.

and we need jobs. so your point?

i haven't seem anyone on the right say "cut military expenditures"... which is where the bulk of our money goes... as opposed to the small amount that is in discretionary spending.

how about you address reality?

or was the president supposed to win and say "ok...i give... i won.. you lost.. but you can still do things the way the american public rejected?

 

[The Rabbi]

It's the same proposal they have made for the last 4 years: Give us stimulus spending and when things recover we might talk about cutting spending.
It is a non starter. It is totally removed from reality. It doesnt begin to address the real issues and has been a proven failure.
But what else did anyone expect?

 

[The Rabbi]

and?

Oh nothing..they put up a proposal that wasn't serious and was laughing about it
this is who dealing with your lives..but who gives a shit..

what isn't serious about it?

we need to build infrastructure. it's embarrassing how we measure up to other western countries in that regard.

and we need jobs. so your point?

i haven't seem anyone on the right say "cut military expenditures"... which is where the bulk of our money goes... as opposed to the small amount that is in discretionary spending.

how about you address reality?

or was the president supposed to win and say "ok...i give... i won.. you lost.. but you can still do things the way the american public rejected?

If this were 2009 you might have a point.
But we have spent billions on "infrastructure" and gotten bridges to nowhere and renovated railroad stations no one uses.
Time to try again. Maybe something different this time.
And it in no way addresses the trillion dollar yearly deficit, which is the major problem. Right, "counselor"?

 

[RoadVirus]

lovely

SNIP:
ASHINGTON | Thu Nov 29, 2012 7:21pm EST

WASHINGTON (Reuters) - The Obama administration's opening bid on Thursday in negotiations to avert a year-end fiscal crunch included a demand for new stimulus spending and authority to unilaterally raise the U.S. borrowing ceiling, a Republican congressional aide said.Obama's opening fiscal cliff bid seeks debt limit hike, stimulus | Reuters

Pfft. Obama is asking for even more. So much for being serious on compromise.

 

[RoadVirus]

and?

Oh nothing..they put up a proposal that wasn't serious and was laughing about it
this is who dealing with your lives..but who gives a shit..

what isn't serious about it?

we need to build infrastructure. it's embarrassing how we measure up to other western countries in that regard.

and we need jobs. so your point?

The point is this: How are we going to pay for it? We don't have the money.

Plus, our Fathead in Chief is asking for power to raise the debt ceiling all by himself, without Congress. He won the election and now he thinks he deserves more power to do whatever he wants without Congressional approval.

 

[Quantum Windbag]

and?

And it is a joke. Even if Nancy Pelosi was Speaker of the House, and the Democrats had 61 seats in the Senate, there is no way he would get this.

 

[Quantum Windbag]

and?

Oh nothing..they put up a proposal that wasn't serious and was laughing about it
this is who dealing with your lives..but who gives a shit..

what isn't serious about it?

we need to build infrastructure. it's embarrassing how we measure up to other western countries in that regard.

and we need jobs. so your point?

i haven't seem anyone on the right say "cut military expenditures"... which is where the bulk of our money goes... as opposed to the small amount that is in discretionary spending.

how about you address reality?

or was the president supposed to win and say "ok...i give... i won.. you lost.. but you can still do things the way the american public rejected?

We need to build infrastructure? What evidence do you have of that, other than the fact that people who make money off of infrastructure projects insist we need to build it? If you are actually serious about the need for infrastructure why don't you insist the federal government stop diverting gasoline taxes to build bike paths and hiking trails? Why don't you tell the to stop wasting money on bullet trains and Amtrack, and insist that passenger lines build and maintain their own tracks the same way freight lines do?

Or does that make too much sense to work its way through your brain?

 

[Politico]

I don't know what table you think Obama is at. But he is no where near Washington and has no plans to be.

The Leftytoons and Rightyloons here can argue all day. But the bottom line is this.

The Repubs are saying:

Let's address revenues and spending.

The Dems are saying:

Let's address revenues and deal with spending later

The problem is there never will be a later. And the Dems will pull a repeat of the 80's.

 

[LordBrownTrout]

Its full time comedy capers with this admin....to the detriment of the country. Reaching new levels of ineptitude on an hourly basis.

 

[Mr. Shaman]

lovely

SNIP:
ASHINGTON | Thu Nov 29, 2012 7:21pm EST

WASHINGTON (Reuters) - The Obama administration's opening bid on Thursday in negotiations to avert a year-end fiscal crunch included a demand for new stimulus spending and authority to unilaterally raise the U.S. borrowing ceiling, a Republican congressional aide said.

The proposal, made by Treasury Secretary Timothy Geithner to congressional Republican leaders on Capitol Hill, was seen as offering little the Republicans could agree to and was greeted with laughter, the aide said.

"We can't move any closer to them because they're not even on our planet," the aide said. "It was not a serious proposal."

Keep diggin', "conservatives".

​

11/30/2012

Bunker-Down, GOP!!​

"The odds are increasing that President Obama and the Democrats will rout the Republicans in the current battle over the "fiscal cliff."

I realize that all of the "wise men" of Washington are clamoring for a bi-partisan solution to fix the nation's deficit -- a "solution" that involves "shared sacrifice." But the plain fact is that the deficit is not a bi-partisan problem. Democrat Bill Clinton left Republican George Bush surpluses as far as the eye could see.

Today's deficit was caused when the Republicans cut taxes for the wealthiest Americans and started two wars for which they refused to pay. The deficit got worse when Republican policies caused the financial markets and the economy to collapse in the Great Recession.

The fact is that Obama and the Democrats are holding all the cards."

....And, Republicans are USED to getting their asses kicked.​

 

[Sallow]

Republicans shouldn't budge.

They should keep up the same thing they've been doing.

Go go go Fiscal Cliff!

 

[Plasmaball]

meaningless over reaction that was done in the other 3 threads on this.

 

[PredFan]

lovely

SNIP:
ASHINGTON | Thu Nov 29, 2012 7:21pm EST

WASHINGTON (Reuters) - The Obama administration's opening bid on Thursday in negotiations to avert a year-end fiscal crunch included a demand for new stimulus spending and authority to unilaterally raise the U.S. borrowing ceiling, a Republican congressional aide said.

The proposal, made by Treasury Secretary Timothy Geithner to congressional Republican leaders on Capitol Hill, was seen as offering little the Republicans could agree to and was greeted with laughter, the aide said.

"We can't move any closer to them because they're not even on our planet," the aide said. "It was not a serious proposal."

Obama and congressional Republicans are returning to the bargaining table to prevent across-the board tax increases and deep spending cuts, the so-called fiscal cliff, from taking effect next year.

The president wants Bush-era tax breaks to be extended for all but the wealthiest earners, but Republicans have balked at tax hikes of any kind.

In the maiden bargaining session, Geithner, the president's lead negotiator, proposed raising tax revenues by $1.6 trillion, congressional aides confirmed. That figure is in line with what Obama has said is necessary to achieve long-term deficit reduction of $4 trillion over 10 years.

The administration also sought at least $50 billion in new economic stimulus spending.

Obama's negotiators also sought the ability to raise the nation's borrowing limit unilaterally. Currently, Congress must approve an increase in the debt ceiling, and it was an impasse over that issue that brought the country perilously close to default in 2011.

all of it here
Obama's opening fiscal cliff bid seeks debt limit hike, stimulus | Reuters

Obama, and his supporters have absolutely no clue what so ever.

 

[PredFan]

It's the same proposal they have made for the last 4 years: Give us stimulus spending and when things recover we might talk about cutting spending.
It is a non starter. It is totally removed from reality. It doesnt begin to address the real issues and has been a proven failure.
But what else did anyone expect?

Yup, elections have consequences.

 

[RetiredGySgt]

It's the same proposal they have made for the last 4 years: Give us stimulus spending and when things recover we might talk about cutting spending.
It is a non starter. It is totally removed from reality. It doesnt begin to address the real issues and has been a proven failure.
But what else did anyone expect?

Yup, elections have consequences.

You mean like the fact this election put the Republicans BACK in control of the House? Or is that different?

 

[LeftCoastVoter]

It's the same proposal they have made for the last 4 years: Give us stimulus spending and when things recover we might talk about cutting spending.
It is a non starter. It is totally removed from reality. It doesnt begin to address the real issues and has been a proven failure.
But what else did anyone expect?

Yup, elections have consequences.

You mean like the fact this election put the Republicans BACK in control of the House? Or is that different?

the GOP actually decreased their majority in the House by 8 seats.

 

[bigrebnc1775]

lovely

SNIP:
ASHINGTON | Thu Nov 29, 2012 7:21pm EST

WASHINGTON (Reuters) - The Obama administration's opening bid on Thursday in negotiations to avert a year-end fiscal crunch included a demand for new stimulus spending and authority to unilaterally raise the U.S. borrowing ceiling, a Republican congressional aide said.

The proposal, made by Treasury Secretary Timothy Geithner to congressional Republican leaders on Capitol Hill, was seen as offering little the Republicans could agree to and was greeted with laughter, the aide said.

"We can't move any closer to them because they're not even on our planet," the aide said. "It was not a serious proposal."

Obama and congressional Republicans are returning to the bargaining table to prevent across-the board tax increases and deep spending cuts, the so-called fiscal cliff, from taking effect next year.

The president wants Bush-era tax breaks to be extended for all but the wealthiest earners, but Republicans have balked at tax hikes of any kind.

In the maiden bargaining session, Geithner, the president's lead negotiator, proposed raising tax revenues by $1.6 trillion, congressional aides confirmed. That figure is in line with what Obama has said is necessary to achieve long-term deficit reduction of $4 trillion over 10 years.

The administration also sought at least $50 billion in new economic stimulus spending.

Obama's negotiators also sought the ability to raise the nation's borrowing limit unilaterally. Currently, Congress must approve an increase in the debt ceiling, and it was an impasse over that issue that brought the country perilously close to default in 2011.

all of it here
Obama's opening fiscal cliff bid seeks debt limit hike, stimulus | Reuters

GO obama GO let's hit rock bottom.