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In reply to the discussion: NYT Reports That Senators Are Working On A Fiscal Cliff Deal — And Paul Krugman Is Already Furious [View all]ProSense
(116,464 posts)17. Krugman should be pissed, but
that NYT article reads like it's pushing Simpson-Bowles than actually reporting on any plan or anything current. It strings together a whole bunch of previously known information.
It quotes Reid, but that's in relation to not extending the Bush tax cuts, which is really curious.
With both sides awaiting the outcome of the election, negotiators will not even try to determine how much money would come from the three components until after the voting, when, presumably, the victorious side would emerge with new leverage.
<...>
House Republicans, favored to retain control regardless of the presidential and Senate results, have not been part of the Senate talks so far and could be difficult to sway to back a package with significant new revenue even if it wins bipartisan Senate support.
Democratic leaders are already signaling a major stumbling block: they will accept no deal that extends Bush-era tax cuts for the rich, even for six months.
http://www.nytimes.com/2012/10/02/us/senate-leaders-at-work-on-plan-to-avert-fiscal-cliff.html
<...>
House Republicans, favored to retain control regardless of the presidential and Senate results, have not been part of the Senate talks so far and could be difficult to sway to back a package with significant new revenue even if it wins bipartisan Senate support.
Democratic leaders are already signaling a major stumbling block: they will accept no deal that extends Bush-era tax cuts for the rich, even for six months.
http://www.nytimes.com/2012/10/02/us/senate-leaders-at-work-on-plan-to-avert-fiscal-cliff.html
That makes no sense. First, if they're waiting on the "outcome of the election," why would they be working out a framework?
Secondly, that part about House Republicans seems to imply that Republicans are going to do something different if they retain the House.
Thirdly, the Bush tax cuts expire automatically. Discussing what the new Congress would do about it is ridiculous.
Lastly, this:
The two parties will have only weeks to reach an agreement between Election Day and Dec. 31, and they remain far apart on some fundamental issues besides tax cuts for the wealthy. House Speaker John A. Boehner of Ohio says he will not accept any deal that raises tax rates or decouples the Bush-era tax rates by extending some but allowing others to expire.
What's the rush and how does this fit the waiting for the "outcome of the election" claim?
If they're going to be working with the same Congress, why would the negotiating position change? The tax cuts automatically expire. It's not a bargaining chip for Republicans. They have nothing to bargain with.
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NYT Reports That Senators Are Working On A Fiscal Cliff Deal — And Paul Krugman Is Already Furious [View all]
xchrom
Oct 2012
OP
It will finally be time to form viable parties beyond the two corporate offerings...
villager
Oct 2012
#52
The Senate after the election looks to be more democrat, if current events hold.
bluestate10
Oct 2012
#71
HAMMER MEET NAIL. They're already accusing Obama of "stealing $700 BB from Medicare", so how
bullwinkle428
Oct 2012
#18
Krugman is right - the democrats would have to be absolutely insane to deal with the republicans.
Jim__
Oct 2012
#8
Alexander Cockburn was right: He had never seen a President to eager so curry favor
byeya
Oct 2012
#12
No matter the wage level, status, retirement date, all are expected to receive far more in benefits.
dkf
Oct 2012
#22
Riiight. I'll watch food prices skyrocket while I'm told inflation is only 2%-4%
Junkdrawer
Oct 2012
#28
That's why it would be good to have assets that you can make sure keeps up with inflation.
dkf
Oct 2012
#35
Wow the projections I posted showing increasing expenses in Medicare SS and Medicaid assume cuts.
dkf
Oct 2012
#46
^^ This. Looks like someone wants to make this "agreement" seem inevitable before election day.
gkhouston
Oct 2012
#44
imho, they are allowed to make one single change to SS. And only this one.
magical thyme
Oct 2012
#19
"A major bloc of 29 senators took a strong stand today against any cuts to Social Security "
ProSense
Oct 2012
#20
It sounds the sequestration/fiscall cliff scenario is going to be undone no matter what...
DCBob
Oct 2012
#29
And far more people who'd have jobs if we didn't all squander it providing socialism for "defense"
villager
Oct 2012
#62
May be. But always glad when there's a chance for us to break bread on the "bigger picture" items!
villager
Oct 2012
#75
My guess is the rumor is a desperate attempt by republicans to get democrats
bluestate10
Oct 2012
#76