If This Is “Progress” On The Fiscal Cliff Then We’re Screwed

From The Hill:

Speaker John Boehner (R-Ohio) and President Obama have exchanged new offers in negotiations over tax hikes and spending cuts in a sign the talks are making progress.

The White House made its offer on Monday, lowering its $1.6 trillion request for new tax revenues to $1.4 trillion over 10 years, according to a senior administration official.

Republicans made a counteroffer Tuesday that remained at $800 billion in new tax revenues.

Boehner and Obama also spoke to one another on Tuesday night in another sign that talks are progressing.

Both sides are saying the other side needs to identify the spending cuts they want. As others have mentioned Republicans should propose basically the spending cuts in Simpson-Bowles.

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Posted by on December 11, 2012.
Filed under Economics, Politics.
Doug Johnson is a news junkie and long time blog reader, turned author.

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  • puhiawa

    Obama is a moron. Why pretend otherwise?

  • http://www.rustedsky.net JLawson

    They spoke to each other?

    “Look, Mr. President, you know the economy is in crappy shape. The trouble
    is, you’re looking to bleed out more from the economy, which isn’t going to help
    grow our way out of the trouble we’re in.”

    “What makes you think I care about that? The people elected me to punish the
    rich, and that’s what I’m going to do.”

    “How’s that going to help the country?”

    “I don’t know. Don’t much care. But it’ll make ME feel good and that’s all
    that’s important.”

    “But even jacking taxes up to ridiculous levels won’t close the deficit
    unless you cut spending!”

    “So? Haven’t you figured out yet I can tell the people damn near anything,
    and they’ll believe it?”

    “Yeah. We’ve noticed.”

    “Glad we talked. I think we’re really making progress on getting this fiscal
    cliff thing solved. Call me tomorrow, we’ll continue.”

    “… Yes, Mr. President.”

    “God, I love that. And remember – ‘I won’.”

  • ackwired

    Progress is not linear in a negotiation. Neither side is looking for a win/win, nor will they. So what we will get is a last minute agreement to forestall the cliff. Hopefully, they will agree to continue talking after the new year about the real fiscal problems.

    • retired.military

      I disagree with the neither side is looking for a win win
      Obama has a win win no matter what so the republicans should do the right thing and say screw it. If I was Boehner I would simply tell everyone to go home for Christmas and tell Obama to “F off , we will see you at the bottom of the cliff. ” The press reports are already written either way.

      • ackwired

        By win/win I meant an agreement where both sides get what they need. It is always tempting in negotiations to think that you can only win if you make the other side lose. This is often not the case. Once you understand the underlying reason for their demands, you can often find a way to get them what they need or want without giving up what you need.

  • Carl

    “The White House made its offer on Monday, lowering its $1.6 trillion request for new tax revenues to $1.4 trillion over 10 years, according to a senior administration official. Republicans made a counteroffer Tuesday that remained at $800 billion in new tax revenues.

    That’s not a counter offer – that’s not an offer at all.

    • http://www.rustedsky.net JLawson

      Won’t help much when the overspending is about $1.4 trillion a year, will it?

      but then, I guess it’s not TECHNICALLY overspending, if you don’t have a budget to compare it to.

    • retired.military

      “That’s not a counter offer – that’s not an offer at all.”

      Maybe the republicans are trying what the dems have been doing all these years.

      • Carl

        Maybe the Republicans aren’t trying at all. Boehner is between a rock and a hard place and it would appear that he’s afraid to move in any direction.

        His latest “counter offer” was a joke.

  • Par4Course

    The whole Washington establishment, red and blue, is responsible for our country doing a swan dive off the fiscal cliff.

    The Democrats insisted on a sunset provision in the Bush-era tax cuts, which the GOP accepted. Now, for the first time in history, we will have a tax increase without a vote – it will automatically kick in if there is no preemptive legislation.

    Many other taxes will also be effective January 1, 2013, unless ObamaCare is repealed, which, of course, will not happen.

    Both parties agreed to the sequester, which will cut both military and other spending, possibly jeopardizing our country’s defense – like the tax increases, the cuts will automatically kick in if there is no preemptive legislation.

    Regardless of the outcome of the immediate fiscal fiasco, the US will be $16 trillion in debt with new $1+ trillion annual increases as far as the eye can see.