Who's going to blink first?

Discussion in 'Politics' started by Wiseacre, Jun 30, 2011.

  1. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    The GOP will not allow a tax hike, Obama and the Dems won't cut spending without more tax revenue. Who's going to cave, somebody's gotta give.

    Could the GOP sell the elimination of some tax expenditures to their base? Maybe, but I'm not seeing a hike in tax rates, even on the uber rich guys like Obama wants. They could sell the changes in the tax code as the price they had to pay, but they held the line on raising the tax rates. Butthey can't sell a tax rate increase, many would be shot down in the next primaries. Not going to happen IMHO, for these guys it's not just about politics but also about what's bad for the economy. Conservatives firmly believe you do not raise any taxes in a fragile economy like this one. So it's also an ideological choice, they really think raising taxes would be the wrong thing to do.

    Obama and the Dems on the other hand did agree to extend the Bush tax cuts for the rich once already, plus they cut the payroll taxes and other tax cuts this past december, to the tune of $250 Billion, in the name of stimulating growth and jobs. So for them it's a political problem too, but other than the fairness issue it's not like they believe that raising taxes would be a good thing to do for the economy.

    So who caves? I think Obama will be the one, so he can repeatedly bash the GOP for being for the rich against the little guy. Plus he can say he worked with the GOP in good faith even though they are a bunch of greedy bastards. Would he allow the country to default, does he want to forever be the president who was in charge when that happened? Sure, he can point fingers at the repubs, but they can counter that he and the Dems never once offered any alternative budgets or meaningful ways to cut spending.

    One way or another, the next several months leading up to and including the next election are pivotal to the direction this country moves in, big gov't vs small, tax and spend vs reliance on free enterprise. What will the social contract evolve into, and who and how will we pay for it?
     
  2. 8537
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    8537 Senior Member

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    I don't think either side will "cave". If I had to guess, Obama will get an extension of the payroll tax cut, an end to a select few subsidies and some changes in exemptions etc...to "expand the base". Republicans will get no increase in marginal rates.

    Both will declare victory.
     
  3. iamwhatiseem
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    iamwhatiseem Gold Member

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    WHo knows.
    I mean, neither side is speaking the truth.
    The President yesterday was dishonest and irresponsible to try and portray that this is about millionaires in private jets.
    It is not.
    It is about entitlements. As a fiscal conservative, I have no problem having some-limited tax increases if and ONLY if lowering entitlement expenses is a part of that package.
     
  4. Lonestar_logic
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    Lonestar_logic Republic of Texas

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    Obama will blink first. But that will be after he's finished his fundraising tour and a few rounds of golf.
     
  5. iamwhatiseem
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    iamwhatiseem Gold Member

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    You saw that too?
    I wonder how many people know that President Obama has attended - literally - 3 times as many campaign fundraisers as Bush did.
     
  6. Two Thumbs
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    Two Thumbs Platinum Member

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    Remove tax cuts and loop holes.

    of course neither team can do that as they will piss off everyone that wants all or more of thier tax money back.
    .

    If the dems say they will cut spending. Why don't they?
     
  7. iamwhatiseem
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    iamwhatiseem Gold Member

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    You didn't see the funny part yesterday did you - Obama claimed they HAVE cut spending!!!! :lol:
     
  8. Two Thumbs
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    Two Thumbs Platinum Member

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    Actually there have been cuts in spending.

    But

    Like creating 2 million jobs while losing 3 million is still 2 million created, it didn't cause a positive effect.

    I think the cuts, he made ~= $100 million. Not billion, but million.
     
  9. uscitizen
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    uscitizen Senior Member

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    I suspect the right will blink first, they always have in the past on major social issues.
    They kept on talking about SS reform but never submitted or voted on a single bill on it while they controlled everything.


    Do you think they want to be blamed with SS checks and such stopping being issued?
     
  10. Baruch Menachem
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    Baruch Menachem '

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    Depends on who thinks they are winning the argument.

    Polls are looking up for Republicans recently, and the President's last news conference got tremendous raspberries even from pundits on MSNBC. Instead of convincing the wavering he may have done his side huge damage.
     

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