Republicans reject White House fiscal cliff proposals as incomplete

Nov 29, 2012 | Posted by: Mr_Bill | Full story: www.guardian.co.uk

Negotiations hit a snag after Republican aides characterise proposals made by Treasury secretary as 'outrageous'

The first serious proposals from the White House to solve the looming "fiscal cliff" of tax rises and budget cuts appear to have been rejected out of hand by Republican leaders in Congress.

Treasury secretary Timothy Geithner is reported to have offered a set of proposals that include increasing tax rates on the wealthy, a one-year postponement of scheduled cuts in defence and domestic spending, and $400bn in savings from Medicare and other entitlement programmes.

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1 - 20 of 30 Comments Last updated Dec 2, 2012
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Plegde 2da fook

Hanoi, Vietnam

#1 Nov 29, 2012
hello dr. Bill_Phd! hu"ll b inda Y house in 2016?! cun u 4cast!!;)
lolol

Albuquerque, NM

#2 Nov 29, 2012
would you DC fools hurry up and give the king his tax hike already ? the king and empress moose need 4 million bucks quick for their 3 week hawaiian vacation, deys beens wurkin hard ya know, the moose is suffering from a severe lobster defeciency and the taxpayers need to pony up and fill the royal treasury.
Plegde 2da fook

Hanoi, Vietnam

#3 Nov 29, 2012
lolol wrote:
would you DC fools hurry up and give the king his tax hike already ? the king and empress moose need 4 million bucks quick for their 3 week hawaiian vacation, deys beens wurkin hard ya know, the moose is suffering from a severe lobster defeciency and the taxpayers need to pony up and fill the royal treasury.
U wear@you! los animal-manhat project!!
http://en.wikipedia.org/wiki/Manhattan_Projec...
lololololough until yo arteeth fall off!! ;-00000
lolol

Albuquerque, NM

#4 Nov 29, 2012
Plegde 2da fook wrote:
<quoted text>
U wear@you! los animal-manhat project!!
http://en.wikipedia.org/wiki/Manhattan_Projec...
lololololough until yo arteeth fall off!! ;-00000
.
is that some kind of zipperhead pigdin ?
Plegde 2da fook

Hanoi, Vietnam

#5 Nov 29, 2012
lolol wrote:
<quoted text>
.
is that some kind of zipperhead pigdin ?
Old mexico!! ;-0000000

“Happiness comes through giving”

Since: Feb 08

Location hidden

#6 Nov 29, 2012
This Democratic offer is just a bargaining chip, asking for more than they expect to get. Happily, the Democrats hold all the chips, while Republicans are holding their genitalia.
pledge 2da fook

Hanoi, Vietnam

#7 Nov 29, 2012
Lawrence Wolf wrote:
This Democratic offer is just a bargaining chip, asking for more than they expect to get. Happily, the Democrats hold all the chips, while Republicans are holding their genitalia.
Woofee! U happeee frum da Thx giving!! hav a good turkee:)

“Obama Shames the USA”

Since: Apr 09

Location hidden

#8 Nov 30, 2012
This fake pillow fight in DC makes me sick. Obama is like an evil cheerleader or something. What a bunch of bullshit. Obama belongs in the jsr of Glenn Beck's piss. No lie. He's an animal.

“Happiness comes through giving”

Since: Feb 08

Location hidden

#9 Nov 30, 2012
Ninthman wrote:
This fake pillow fight in DC makes me sick. Obama is like an evil cheerleader or something. What a bunch of bullshit. Obama belongs in the jsr of Glenn Beck's piss. No lie. He's an animal.
Hang by your thumbs.

“Election over; back to work!”

Since: Feb 07

Tampa, FL

#10 Nov 30, 2012
A bargaining chip? The make up of the House, Senate and Oval Officer didn't change. This bargaining chip was used up two years ago. How bout we put some real substantial change on the table, both sides, and we can get to work.

If by 'chips' you mean a President in prepetual campaign mode, a fawning media and a Senate Majority Leader whose a rock with lips.. then yeah, they hold all the chips.
Lawrence Wolf wrote:
This Democratic offer is just a bargaining chip, asking for more than they expect to get. Happily, the Democrats hold all the chips, while Republicans are holding their genitalia.

“Happiness comes through giving”

Since: Feb 08

Location hidden

#11 Nov 30, 2012
Eron wrote:
A bargaining chip? The make up of the House, Senate and Oval Officer didn't change. This bargaining chip was used up two years ago. How bout we put some real substantial change on the table, both sides, and we can get to work.
If by 'chips' you mean a President in prepetual campaign mode, a fawning media and a Senate Majority Leader whose a rock with lips.. then yeah, they hold all the chips.
<quoted text>
Just to inform you, it is in the nature of bargaining that each side will ask for more than they expect to get. That is how compromise is achieved. In this case, the people overwhelmingly favor Obama's position. Therefore, he holds the best hand.

I too favor substantial change. So does the president. Republican obstructionism stands in the way, as it has for quite some time. What is different today is that Obama has won re-election, and that most people favor ending the tax break for the wealthy, and keeping it for the rest. The Republicans are left with defending the top two percent, while hurting the other 98 percent. Theirs is not a winning strategy.

“Election over; back to work!”

Since: Feb 07

Tampa, FL

#12 Nov 30, 2012
I know very well how negotiation works... Just to inform you, roughly half the people didn't vote for Obama.
All I am saying is that I don't believe the negotiations need to be 'opened'. This is just a new round- all the bullshit pattycake games have been played.
The GOP can do what it wants, this has ceased to be a Democrat/Republican game. The President must LEAD! The Congress must LEAD!
The facts are that Tim Geithner walked into McConell's office and put four things on the table:
1.$1.6 Trillion in new revenue; $50 billion in new Stimulus Spending (in line with what Obama wanted throuout the campaign)
2. Ending tax breaks for the top 2%(fine, but it's not going to bring in $1.6 Trillion in new revenues)
3. The permanent power for the Office of the President to unilaterally raise the debt limit. Really?
4. Put off any real spending cuts for another fiscal year. Kicking the can down the road for another fiscal year.
So, how's he gonna raise the $1.6 Trillion in new tax revenue?
So, we know that he's not serious, or he wouldn't be playing these bullshit games. He would give the GOP some of what they want, and they would give him a little of what he wants, and everyone walks away from the table, saving a little face and good approval ratings all around.
Lawrence Wolf wrote:
<quoted text>Just to inform you, it is in the nature of bargaining that each side will ask for more than they expect to get. That is how compromise is achieved. In this case, the people overwhelmingly favor Obama's position. Therefore, he holds the best hand.
I too favor substantial change. So does the president. Republican obstructionism stands in the way, as it has for quite some time. What is different today is that Obama has won re-election, and that most people favor ending the tax break for the wealthy, and keeping it for the rest. The Republicans are left with defending the top two percent, while hurting the other 98 percent. Theirs is not a winning strategy.
Sheik Yerbouti

Doylestown, PA

#13 Nov 30, 2012
It appears that both parties want to balance the budget on the backs of the elderly and working class while wall street sociopaths that are responsible for this mess walk away unscathed!
gossamer

Warren, MI

#14 Nov 30, 2012
I think that it may be time for Republicans to collectively put on their nose-clamps and prepare for the plunge.

Go over the cliff. Donít give into these clowns, because you give in now and then you wonít have any credibility over the next four years as they continue (and they will) to insist that they need even MORE taxes from the rich to pay for their proggie policies and constituents.

“Happiness comes through giving”

Since: Feb 08

Location hidden

#15 Nov 30, 2012
Sheik Yerbouti wrote:
It appears that both parties want to balance the budget on the backs of the elderly and working class while wall street sociopaths that are responsible for this mess walk away unscathed!
Tell me, what is the role of the Democratic party in your allegation?(I have no disagreement with you about the other party.)

“Happiness comes through giving”

Since: Feb 08

Location hidden

#16 Nov 30, 2012
gossamer wrote:
I think that it may be time for Republicans to collectively put on their nose-clamps and prepare for the plunge.
Go over the cliff. Donít give into these clowns, because you give in now and then you wonít have any credibility over the next four years as they continue (and they will) to insist that they need even MORE taxes from the rich to pay for their proggie policies and constituents.
If Republicans do NOT give in, they will lose more than credibility over the next four years.

“Happiness comes through giving”

Since: Feb 08

Location hidden

#17 Nov 30, 2012
Eron wrote:
I know very well how negotiation works... Just to inform you, roughly half the people didn't vote for Obama.
All I am saying is that I don't believe the negotiations need to be 'opened'. This is just a new round- all the bullshit pattycake games have been played.
The GOP can do what it wants, this has ceased to be a Democrat/Republican game. The President must LEAD! The Congress must LEAD!
The facts are that Tim Geithner walked into McConell's office and put four things on the table:
1.$1.6 Trillion in new revenue; $50 billion in new Stimulus Spending (in line with what Obama wanted throuout the campaign)
2. Ending tax breaks for the top 2%(fine, but it's not going to bring in $1.6 Trillion in new revenues)
3. The permanent power for the Office of the President to unilaterally raise the debt limit. Really?
4. Put off any real spending cuts for another fiscal year. Kicking the can down the road for another fiscal year.
So, how's he gonna raise the $1.6 Trillion in new tax revenue?
So, we know that he's not serious, or he wouldn't be playing these bullshit games. He would give the GOP some of what they want, and they would give him a little of what he wants, and everyone walks away from the table, saving a little face and good approval ratings all around.
<quoted text>
Obama is also offering sizable spending cuts, cuts that even some Democrats are objecting to. Your $1.6 trillion figure is misleading to say the least.
gossamer

Warren, MI

#20 Nov 30, 2012
1.6 trillion over the next decade.

“Happiness comes through giving”

Since: Feb 08

Location hidden

#21 Nov 30, 2012
gossamer wrote:
1.6 trillion over the next decade.
It won't take a decade. I make that in a year.
nobama

Los Angeles, CA

#22 Nov 30, 2012
Lawrence Wolf wrote:
<quoted text>It won't take a decade. I make that in a year.
HAHAHAHA!!

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