President Barack Obama –seeking to sell Republicans on a revival of “grand bargain” talks — has invited 2012 GOP veep candidate Rep. Paul Ryan (R-Wis.), the chairman of the House Budget Committee, over to the White House for lunch on Thursday, POLITICO has learned. [Politico] POWERFUL allies that could shift the discussion on the budget, [...]
Tag Archives | grand bargain
“It’s Good to be a Banker” (VIDEO)
That’s the analysis of Peter Schiff, president of Euro Pacific Capital: “It’s good to be a banker.” With the DC self-created financial crisis of the moment, it seemed like a good time to consider a bit of the context of the Super Sequestration sequel to Fiscal Cliff, Grand Bargain, etc. The video below is of [...]
Today in Lesser Evildom: The Super Sequestration, Now Playing Live in DC
Obama is clearly winning in the current version of the Duopoly battles. That includes, but isn’t limited to, the Super Sequestration Deficit Cliff Grand Bargain production, brought to us, unfortunately, by DC Electeds on behalf of those for whom they actually work. In this act of the Obama Years segment of the ongoing theatre that [...]
From Reporter to Economic Activist, Bob Woodward In White House Crosshairs [Email Text]
“You’re focusing on a few specific trees that give a very wrong impression of the forest. But perhaps we will just not see eye to eye here. … I think you will regret staking out that claim.” – Gene Sperling to Bob Woodward GENE SPERLING‘s conversation with Bob Woodward has exploded into a tale where [...]
Obama, Pelosi Deserve to Lose on End of Year Grand Bargain Scheme
Hopes of a grand-bargain — to shave trillions of dollars off the deficit by cutting entitlement programs and raising revenue — are shattered. – Fiscal cliff deal increasingly unlikely NOBODY SHOULD think this is the end of the maneuvering by President Obama and Democrats to “reform” entitlements. But at least for now, here’s to the [...]
Obama Reaffirms Grand Bargain Pitch, as Debt Limit Looms Over Fiscal Scheme Debate [Video]
Boehner and the Republicans don’t want to give up the leverage of the debt ceiling forever, or for 10 years, or even, as John Engler, head of the Business Roundtable and a former Republican governor suggested, for five years. But the White House isn’t very interested in compromising on this issue, as they figure that [...]
What Does it Mean That Obama Is ‘Absolutely’ Willing to Go Over a (Contrived) Cliff?
ABC News reports: President Obama’s lead negotiator in the ‘fiscal cliff’ talks said the administration is ‘absolutely’ willing to allow the package of deep automatic spending cuts and across-the-board tax hikes to take effect Jan. 1, unless Republicans drop their opposition to higher income tax rates on the wealthy. Treasury Secretary Timothy Geithner said in [...]
Goldman Sachs Bailout King Blankfein to Powwow with House Republicans, While Obama Rules Out Social Security For Now
GOLDMAN SACHS bailout king CEO Lloyd Blankfein is headed to Capitol Hill to push his ideas for the fiscal cliff scheme in person. The guy who advised that the Social Security “retirement age has to be changed” in an interview with Scott Pelley of 60 Minutes recently, is headed to a meeting with House Republicans [...]
Top Story — Sen. Patty Murray: If No Revenue from Republicans, Let Tax Cuts Expire, Start Over in 2013
“If the Republicans can’t see their way to significant additional revenues targeted toward the people who are best off and targeted toward passive income and other things like that, then we’re better off going over the cliff and readdressing this with a better Congress in January,” Rep. Peter DeFazio (D-Ore.) said. “And we would have [...]
AFP: Congress, Obama Set to Resume ‘Fiscal Cliff’ Talks
Congress, Obama set to resume ‘fiscal cliff’ talks (via AFP) Congress returns from its week-long Thanksgiving holiday on Monday, as lawmakers and President Barack Obama try to avert a looming fiscal crisis that could send the entire US economy plunging into recession again. Officials in Washington are hoping to find a way to avoid what [...]
AFSCME, the National Education Association, and SEIU Target Democrats in “Jobs Not Cuts” Ads
THERE’S A campaign not so quietly growing in volume, with Bill O’Reilly and Rush Limbaugh the loudest, that has Republicans having a hissy fit over Obama’s proposed tax increases for the wealthiest. Rush is using the Santa Claus line, a take off on O’Reilly’s people want stuff belch, but both are focused on making people [...]
Fiscal Cliff & Shared Sacrifice: If You Build It, They Will Come
These were all built by and for those who will profit from them; our job is to come to accept what we’re told about them: deficit reduction; fiscal cliff; shared sacrifice; entitlements; Grand Bargain; austerity; disemployment (Lambert Strether’s excellent term); privatization; too big to fail. That’s just a partial list, of course. Feel free to [...]
AARP Survey: No Last-Minute Lame Duck Deals on Social Security and Medicare
THE AARP November survey delivers facts that few who study the subject would find surprising. The respondents included 34% Democrats, 33% Republicans, 24% Independents, 7% none of the above, along with some obstinate stragglers. Here’s a snippet: Survey Findings No Last-Minute Deals on Medicare and Social Security: The majority of 50+ adults (70%), across [...]
Martha Raddatz Latest to Ask If Democrats are Super Serious about Taxing Wealthy [Transcript]
IT’S A repeated question that continues to reveal the general media denseness on taxes when it comes to expanding the amount the wealthiest in this country pay. Even Martha Raddatz seems genuinely perplexed at why President Obama has emphasized the need to raise taxes, which is supported by congressional Democrats. From ABC’s “This Week,” with [...]
Obama, Congressional Leaders Hold Fiscal Summit on the Edge of the ‘Fiscal Cliff’
The ‘Fiscal Cliff’ was designed, largely, by the people who today will get together for a high-level meeting to talk about “now what do we do?” Maybe perched on the edge of the “cliff” they created will be inspiring. After all, their political futures are in play. From ABC News: The stakes could not be [...]
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