Danger – Cliff Ahead!

Reid/Pelosi, Boehner/McConnell

Another day, another fiscal-cliff deal gone down the drain. John Boehner, already taking heat from the right for his softening stance on raising taxes, has come out with another offer to the president and the left. Called “Plan B”, the plan formerly had the support of Nancy Pelosi. Plan B would set the lower limit for raising taxes at the $1 million level. Plan B is very similar to the same bill that had Senate Democrats’ support in 2010.

For her part, in an interview with Andrea Mitchell, Pelosi now says she only supported the plan to “smoke out the Republicans”, and see at what level they would consider raising taxes. Pelosi was negotiating purely in bad faith, it seems. She did not have anything serious to bring to the discussion, and she was merely wasting time. That, or she is negotiating from the standpoint of “getting an inch, and taking a foot”. Whatever her motive was, it is plain to see how destructive and pointless it was.

Mitch McConnell says he would support the Plan B design, but he would do so with reservations. McConnell would rather have a bill that did not raise taxes on anybody. With Boehner’s support of this newest plan, numerous other House members raised objections to the new tax considerations, but they seem to recognize that without any plan, taxes would greatly rise. The gambit now is to “shield” as many people from the massive tax increases as possible. Sean Duffy, Jim Jordan, and Raul Labrador all seemed lukewarm at best to the prospect of voting for any tax increases, with Labrador refusing to even share his criticisms.

Called out for his part (or non-part) in the fiscal-cliff talks was Harry Reid. One Republican adviser said Reid has been on the sidelines for the cliff negotiations. Reid has also claimed that, despite numerous revisions to their positions, and despite the most recent offer, Republicans “…have threatened to abandon serious negotiations”. Perhaps more proof that he is merely running interference for the White House, Reid also claimed that President Obama has not heard from Boehner since Boehner’s new offer on Monday.

President Obama has balked at every offer the Republicans have proposed so far. Threatening a veto of everything has him in the position of a win-win situation. On one hand, if nothing happens, and taxes explode, he can continue to spend, thanks to the new revenues. On the other hand, if the Republicans cave in, he can both claim he negotiated the excellent deal, and privately, he can tell his sycophants he made Boehner and the Republicans submit. White House officials are also now claiming that the President will refuse to negotiate with Republicans out of principle. That of course, will allow President Obama (and Reid) to claim they attempted to negotiate, but were simply prevented from passing any legislation by the blocking Republicans (yet again).

To the left, the worst thing to come of failed fiscal-cliff talks is that President Obama has to postpone leaving for his Christmas vacation. They face: finally getting huge tax increases, yet again, furthering the narrative of a blocking, do-nothing, Republican party, and they get huge military cuts. Merry Christmas, America.

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Categories: Barack Obama, Congress, Democratic Party, Economics, Fiscal Responsibility, Ideology, Liberals, Politics as Usual, Taxes, The Recession

Tags: , , , , , , ,

2 replies

  1. What new revenues? Since Obamacare stipulates that “full-time” is now 30 hours a week, many people’s hours are being cut, and as a result their federal income tax payments go down. Very few places are hiring the numbers needed to make up the shortfall and just about everyone I know is going to claim as little income as possible to keep from paying taxes. I just hope that a debt ceiling is not eliminated or there will be no end to the rathole.

  2. I apologize Limits, I didn’t mean “actual, real, legitimate revenue increases” (subject to Laffer’s Curve and Hauser’s Law). I was referring to the left’s fantasy revenues, based on nothing but rhetoric and bluster.

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