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ProSense

(116,464 posts)
17. Krugman should be pissed, but
Tue Oct 2, 2012, 10:44 AM
Oct 2012

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

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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If Obama wins and then changes SS and medicare n2doc Oct 2012 #1
Totally agree Cali_Democrat Oct 2012 #48
It will finally be time to form viable parties beyond the two corporate offerings... villager Oct 2012 #52
The cuts will happen on a Democratic watch. Remember two lines.... Hotler Oct 2012 #70
The Senate after the election looks to be more democrat, if current events hold. bluestate10 Oct 2012 #71
Here's Krugman's article. pampango Oct 2012 #2
+1 xchrom Oct 2012 #3
+10000 woo me with science Oct 2012 #10
HAMMER MEET NAIL. They're already accusing Obama of "stealing $700 BB from Medicare", so how bullwinkle428 Oct 2012 #18
+ 1,000,000,000 WillyT Oct 2012 #33
I don't think Nancy and Harry will allow this to happen. dawg Oct 2012 #4
All eyes should turn to the Senate races.... Junkdrawer Oct 2012 #6
So Jane Hamsher at Firedoglake was right.... Junkdrawer Oct 2012 #5
We need to know more about this jsr Oct 2012 #7
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
+570 Angry Dragon Oct 2012 #14
+100000!! davekriss Oct 2012 #69
Secret meetings in Congress. Silence from the campaigns. woo me with science Oct 2012 #9
Permit me one small edit: Jackpine Radical Oct 2012 #55
Well edited. nt woo me with science Oct 2012 #63
K&R Krugman is not the only one who's angry. nt woo me with science Oct 2012 #11
What the hell does SS and Medicare have to do with the deficit?? Angry Dragon Oct 2012 #13
By law, we lent the Treasury the money in the Trust Fund... Junkdrawer Oct 2012 #15
No matter the wage level, status, retirement date, all are expected to receive far more in benefits. dkf Oct 2012 #22
LOL: Estimated Benefits....Reality: Catfood money Junkdrawer Oct 2012 #24
Just as long as you understand you are not getting ripped off. dkf Oct 2012 #25
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
And that's what we thought we had by paying into Social Security. Fawke Em Oct 2012 #53
Well I hope it works out for you. dkf Oct 2012 #65
And you know for sure your plans will work? eridani Oct 2012 #77
I-bonds? Kolesar Oct 2012 #56
Medicare parts B and D are funded 25% by premiums and 75% from income taxes. dkf Oct 2012 #21
Thanks Angry Dragon Oct 2012 #36
How much per year? kentuck Oct 2012 #39
Best info is from Kaiser foundation. dkf Oct 2012 #41
Cannot open file. kentuck Oct 2012 #42
Google MEDICARE SPENDING AND FINANCING 2011 and Kaiser dkf Oct 2012 #45
Wow the projections I posted showing increasing expenses in Medicare SS and Medicaid assume cuts. dkf Oct 2012 #46
That doesn't sound like a huge problem that can't be fixed. kentuck Oct 2012 #47
Medicare part D was a huge give a way to big pharma by the GOP Ganja Ninja Oct 2012 #49
Austerity for America! Octafish Oct 2012 #16
Krugman should be pissed, but ProSense Oct 2012 #17
^^ 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
If Obama changes Social Security, I would support his impeachment adigal Oct 2012 #23
But he'll REALLY hate to do it.... Junkdrawer Oct 2012 #27
Again, ProSense Oct 2012 #30
Also on the public option zipplewrath Oct 2012 #37
Facts: ProSense Oct 2012 #43
Fact zipplewrath Oct 2012 #78
And His "Place" In History... WillyT Oct 2012 #73
It wouldn't be a "high crime" or "misdemeanor." WinkyDink Oct 2012 #32
Not that surprising RE: Simpson/Bowles....... socialist_n_TN Oct 2012 #26
It sounds the sequestration/fiscall cliff scenario is going to be undone no matter what... DCBob Oct 2012 #29
Sounds like a Karl Rove plan to discourage Democratic voters... Purrfessor Oct 2012 #31
I think this story is real. DCBob Oct 2012 #34
I think so, too.... Purrfessor Oct 2012 #38
Glad the defense contractors don't have to worry. As for people? Fuck 'em. villager Oct 2012 #51
There are quite a few "people" who would worry if they were sent layoff notices. DCBob Oct 2012 #61
And far more people who'd have jobs if we didn't all squander it providing socialism for "defense" villager Oct 2012 #62
true. DCBob Oct 2012 #67
May be. But always glad when there's a chance for us to break bread on the "bigger picture" items! villager Oct 2012 #75
I agree 100%. bluestate10 Oct 2012 #74
This is a real damper on the enthusiasm... kentuck Oct 2012 #40
Let me guess, MadHound Oct 2012 #50
We'll see him compromise just as much in his 2nd term MzNov Oct 2012 #54
The "fiscal cliff" sounds so scary doesn't it? pa28 Oct 2012 #57
Isn't this what Republicans basically wanted? Proud Liberal Dem Oct 2012 #58
K&R WorseBeforeBetter Oct 2012 #59
Kick woo me with science Oct 2012 #60
The hard truth of the matter is that somebody has to bite the bullet... kentuck Oct 2012 #64
My guess is the rumor is a desperate attempt by republicans to get democrats bluestate10 Oct 2012 #76
How about Dyedinthewoolliberal Oct 2012 #66
kick woo me with science Oct 2012 #68
K & R !!! WillyT Oct 2012 #72
Kick woo me with science Oct 2012 #79
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