McConnell laughs at Obama's fiscal cliff plan (user search)
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  McConnell laughs at Obama's fiscal cliff plan (search mode)
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Author Topic: McConnell laughs at Obama's fiscal cliff plan  (Read 3214 times)
True Federalist (진정한 연방 주의자)
Ernest
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« on: December 01, 2012, 02:10:22 PM »

Yes, Senator Turtle is a thoroughly terrible person who laughs at the idea of solving the fiscal cliff. What else is new?

McConnell wasn't laughing at the idea of solving the fiscal cliff, but that Geithner thought the BS he was peddling would solve it.  Problem is, no one wants to go on the record as proposing first the actual spending cuts that will be needed to solve the cliff, so both sides right now are engaged in a game of chicken, insisting that the other layout their spending cut plan first.
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True Federalist (진정한 연방 주의자)
Ernest
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Atlas Legend
*****
Posts: 42,144
United States


« Reply #1 on: December 02, 2012, 05:34:04 PM »

Yes, Senator Turtle is a thoroughly terrible person who laughs at the idea of solving the fiscal cliff. What else is new?

McConnell wasn't laughing at the idea of solving the fiscal cliff, but that Geithner thought the BS he was peddling would solve it.  Problem is, no one wants to go on the record as proposing first the actual spending cuts that will be needed to solve the cliff, so both sides right now are engaged in a game of chicken, insisting that the other layout their spending cut plan first.

Actually, 70% of the spending cuts in Simpson-Bowles have already been enacted.

Since they've already been enacted that means they can't be counted as cuts for the fiscal cliff negotiations, plus the 'discretionary' programs that have been cut were both low-hanging fruit politically and subjected to excessive indiscriminate pruning by Simpson-Bowles.  In order to solve the cliff and the long term deficit problem, we need to deal with entitlements and that will not be easy politically.
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