Cool, so we're posting news from two months ago now?
Harry Reid and President Obama both have put entitlement reform on the table. What has the GOP? A gimmicky accounting trick.
I think its all interrelated-
here;
-October 1st 2010- democrats do not approve a budget for 2011. Taxs- Money is however being borrowed, projects etc. funded and spent.
-Nov. 2010- democrats lose house.
-Noc. 2010- Obama cuts deal for an extension of the bush tax cuts, 2% payroll reduction for employees for 2 years.
-Jan. 2011 state of union. Wapo, NY Times remark that Obama has not addressed the deficit and has kick the can down the road proposing a 3.7 Trillion budget.
-Feb thru April 2011- debates between dems and reps. – crafting a budget for the rest of the 2011 year, because there was no budget and the gov. was being funded by ongoing resolutions, final agreement – 38.5 billion ( on an approx. 3.3 trillion budget) Harry Reid declared the deal "historic."
-June debt ceiling discussions start. Deadline – August 2. (adjusted). Obama calls for what would be an effective repeal of bush tax cuts as part of the debt. ceiling deal.
( ignoring totally taxes already in Obamacare on the Rich")
** Points;
- There is no budget submitted by the WH for 2012 as required ( budget due for approval by Oct. 1 2011).
- There is no Medicare fund adjustment submittal due by law from the WH.
- Reps want restructure of Medicare funding at the least and budget cuts, are seen as holding the nation hostage because they will not agree to tax increases in the debt ceiling deal, even though obamacare has baked in numerous increases on those very “wealthy” whom the dems want to increase taxs on, again.
- Year 2011 budget cuts signed off- 38.5 billion="historic"
And-
Heres the kicker;
when we were wasting almost 2 months negotiating a lousy 38 Billion dollar cut back in feb/april, the dems KNEW they needed a lift in the debt ceiling ( they knew back in mid 2010), so, why didn't they cut more then, to make room or make a deal on the debt. limit too?
