What do each side want in the debt ceiling deal?

Discussion in 'Politics' started by Avatar4321, Jul 12, 2011.

  1. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    I was thinking about the positions of each party on the debt ceiling earlier today.

    Republicans want 1) To avoid raising the debt ceiling & 2) To get significant spending cuts & 3) to avoid increasing taxes to burden the people

    Democrats want 1) To raise taxes & 2) To raise the debt ceiling & 3) To avoid spending cuts.

    The so called "deal" being proposed is that Republicans should capitulate now on raising taxes and raising the debt ceiling for a promise for "cuts" 12 years from now when no one currently in power will still control the government and be able to enforce any deal now.

    Now let's just look at that compromise here without the partisan emotion attached. Just pretend two groups are negotiating and in order to reach a "compromise" one group has to completely capitulate on 2 of their requests to get a vague promise of doing something in the future on the 3rd one while the other group immediately gets 2 things they want while promising something they are sure they can avoid doing in the future.

    Does anyone honestly say would be a fair compromise if this was a business deal or a private deal and that there were no emotional politics involved?

    You want a fair deal? Democrats get the debt ceiling raise and Republicans get immediate spending cuts. Both parties give up something they want and get something they want. Since the Tax debate is a bit more complex, we can address that next:

    Democrats want to increase taxes by 1) Increasing marginal rates and 2) eliminating deductions/exemptions.

    Republicans want to 1) Decrease marginal rates and 2) not touch deductions/exemptions

    A reasonable compromise here would be that we decrease the marginal rates and eliminate some of the deductions/exemptions that don't hurt average Americans much (such as the Housing costs).

    Everyone gets something they really want. Everyone gives up something. I humbly suggest that if we want a reasonable compromise in this matter

    Republicans get immediate spending cuts and tax cuts

    Democrats get the debt ceiling raised and elimination of tax exemption/deduction

    In this deal one side doesn't get everything they want while giving absolutely nothing. I think this compromise is reasonable and I could support such.
     
  2. Modbert
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    Modbert Daydream Believer Supporting Member

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    The Democrats have put Medicaid, Medicare, and Social Security on the table. Along with defense cuts.

    The GOP want selective spending cuts, least when they're not trying to weasel their way out of dealing with the crisis they helped create.
     
  3. kyzr
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    kyzr Gold Member

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    End ALL subsidies
    End ALL foreign aid
    End ALL tax loopholes
    Lower Corporate tax Rates (sweetener to GOP)
    Fix Social Security (sweetener for young folks who thought it was gone)
    Fix Medicare & Medicaid (tough love for the ones who never contributed, stop Ponzi)
    Raise the Debt Ceiling knowing that the Bush Tax Cuts will expire (GOP Tax contribution)
     
  4. Richard-H
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    Richard-H Gold Member

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    This whole discussion is nonsense.

    Congress is obliged to raise the debt ceiling - it has NOTHING to do with the current budget negotiations.

    The Repugs tried to create some link between the two, but it's utter nonsense and they know it.
     
  5. kyzr
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    kyzr Gold Member

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    If we don't do this battle now we'll end up like Greece. Its not utter nonsense, it getting back to fiscal reality.
     
  6. Modbert
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    Modbert Daydream Believer Supporting Member

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    I'm for lowering the Corporate tax rate. However, without closing the amount of loopholes and exemptions it will all be for naught. Those two reasons are why most corporations don't pay any federal income tax whatsoever.
     
  7. The Rabbi
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    The Rabbi Diamond Member

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    The GOP is not opposed to raising the debt ceiling. Everyone knows it will be raised.
    The GOP wants substantive cuts in taxes and entitlements in exchange for it, however. And many investors would take a temporary default in exchange for a US that ran its finances better.
    The GOP is opposed, totally, to tax increases. But they might support closed deductions in exchange for lower rates across the board.

    The Dems want a piece of paper signed so they can continue pandering to their base and screw whoever has to pay the bill. It wont be them.
     
  8. Richard-H
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    Richard-H Gold Member

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    Gee, suddenly the Repugs are full of compromise ideas! I wonder why that is!

    :eek:

    Here's the deal:

    First, they're gonna raise the debt ceiling

    Second, their gonna take whatever budget the President decides.

    A month ago the Repugs could have dictated the the bidget, but now because of their IDIOTIC idea of refusing to raise the debt ceiling, they've painted themselves into a corner -and they know it.

    In politics, there's a price for stupidity - and the idea of holding the debt ceiling hostage may be the STUPIDEST idea in the history of politics!

    Get out your check books - me thinks that there's gonna be a bit of a tax increase in the near future!

    :lol:
     
  9. The Rabbi
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    The Rabbi Diamond Member

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    Wow are you an idiot.
    Obama proposed a budget. It was voted down. By Democrats.
    You wont see a tax increase because they don't tax SSI.
     
  10. Richard-H
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    Richard-H Gold Member

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    Just because you know that the repugs are gonna lose this one big time is no reason to get completely irrational...

    Opps, forgot who I was posting to...irrational is the norm...nevermind....:cuckoo:
     

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