Sunday, October 30, 2011

The GOP and the Supercommittee Debt Impasse

Will the Democrats let themselves get rolled by the GOP yet again as the so-called supercommittee works to come up with a debt reduction plan? My bet - and that of Michael Thomasky at The Daily Beast - is yes. The Democrats seem to only know how to be played for fools and how to prematurely surrender. With leadership like that now coming from the White House and Democrats back during WWII, we'd all be speaking German now. As a previous post indicated, the USA is rushing towards a third world style society of a small group of "haves" and the rest in the "have not" category, yet the GOP continues to want to give more to the obscenely wealthy while flushing more and more Americans down the economic toilet. Here's Thomasky's analysis of the coming Democrat surrender:

[P]olitically, it would be nice to see Washington function for a change. Hard experience suggests to us, however, that when all the smoke clears, there will be no deal. What will happen then? The Republicans will then go in for even emptier posturing than they’re engaging in now, this time with regard to defense cuts. You think things can’t get worse? Just wait.

But eventually and inevitably, the negotiators had to start talking numbers. And as soon as they got to specifics, two things happened. First, they realized how far apart they were. Second, the leaks started, at which point the rest of us realized how far apart they were.

Let’s compare the plans. The Democratic proposal, released by senator and committee member Max Baucus the other day, looks to cut $3 trillion from the budget. The Republican plan, leaked in parts to The Wall Street Journal and Politico after Baucus moved, cuts just $2 trillion. If it seems odd to you that Democrats are proposing more deficit reduction than Republicans, you aren’t alone. The reason is that the Republicans—surprise, surprise—are doing it all by cuts with no tax revenue, while the Democrats include $1 trillion to $1.3 trillion in new revenue.

The GOP plan says the government will raise $200 billion by cutting corporate and individual taxes. You know, the way the Bush tax cuts increased revenue, which is to say, not in the real world, but in the minds of Mitch McConnell and other delusionals who think the Bush tax cuts raised revenue.

It bears noting, once again, that the Democrats have said with the Baucus plan that they’re ready to deal if Republicans will. Their plan includes $500 billion in entitlement program cuts. . . . . But the Republicans are staying in the dugout. They aren’t even bothering to take the bus to the stadium. A trillion in taxes, one dollar in taxes, it doesn’t matter; Republicans will not permit a tax increase of any kind.

[T]he Democrats should not and cannot accept a deal in which there are no tax increases, because they have two-thirds of the country with them and because it’s the right thing.

Assuming no deal, here’s what I’m told is likely to happen after everyone has acknowledged the collapse. The Republicans will, as John McCain and others have suggested, turn up the heat on the question of defense cuts. They will introduce legislation to exempt the Pentagon from cuts. . . . .
Republicans, being the clever dialecticians that they are, will decide that the course of history has changed, and that deal will mean no more to them than one of those secret treaties Lenin routinely abrogated back in the day.

So they’ll advance a bill saying: cuts to domestic social programs, sure; cuts to Pentagon, nyet. It will pass the House. It will go to the Senate, and all the Republicans will be for it, and they’ll need 13 Democrats. So then the questions will be: will the Democrats be willing to hold the line and risk the silly accusation of being “soft on defense”? And will the White House also hold the line . . .
I think we know the answer.

So the Republicans will have killed another deal with their indefensible and immoral position on taxes, and then, having stuffed that carcass in the trunk, they will retroactively work to kill the deal they agreed to last summer . . .

Once again, the current GOP makes me ashamed that I was ever once a member of that party. Truth, honesty, and fair dealing, and the best interest of the nation as a whole mean nothing to today's Republican Party. It's all about greed on the part of a few and demagoguery.

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