You are currently browsing the daily archive for January 21, 2010.

A very little noticed mention in WaPo

Faced with growing alarm over the nation’s soaring debt, the White House and congressional Democrats tentatively agreed Tuesday to create an independent budget commission and to put its recommendations for fiscal solvency to a vote in Congress by the end of this year.

Last time they had such a commission, it was under Reagan. They raised payroll taxes then, creating surpluses used to finance the tax cuts on the rich. What was borrowed from Social Security was never repaid back.

It’s a stealth move of huge consequences

But if the commission approves a deficit-reduction plan, Congress would have to act on it quickly under the agreement,

Jr.jr might outdo W! This B0bot has the right reaction

38. Screw you, Barack Obama.

You should have campaigned on HOPELESSNESS, to be truthful.

Update

Here’s a better analysis of the significance of this

The plan represents a capitulation to conservatives in both parties, and would leave Democratic liberals accepting unconditional surrender not only on health care, but on the most basic of all New Deal programs.

and

In other words: The national treasury has been driven into deep deficits by a financial crisis caused by Wall Street greed, compounded by two wars, tax cuts for the rich, and the high prices charged by health care profiteers. And where will we turn to make up for this loss? To the poor and the old, who cling greedily to their “entitlements.”

The appointed commission is to make a recommendation on the budget after the election and that recommendation then goes straight to the floor of both houses for an up or down binding vote. There are no hearings,no opportunity for the members of the House to weigh in on the proposals….

Update

Progressives react….by sending a letter

A coalition of 56 progressive organizations sent a letter Wednesday to Congressional leaders and the White House asking them not to agree to the creation of a debt commission proposed by Sens. Kent Conrad (D-N.D.) and Judd Gregg (R-N.H.), which they said unjustly limits Congressional debate and “paints a target” on Social Security and Medicare.

Oh, he must be scared…

Update 2

Another analysis

This would give the commission a 10-8 Democratic majority.Fourteen votes would be required to adopt any recommendation, meaning that at least half the Republicans would have to agree. This effectively ensures that only cuts in spending will be considered to lower the deficit, not tax increases on the wealthy or big business, since every congressional Republican leader has taken a “no new taxes” stand.

also

The commission would wait to deliver its recommendations until after the November congressional elections, meaning that voters would have no say on any proposal to slash vitally needed social spending.

Moments in pathetic history

Now that Obama marches in full retreat on HCR, this would be a fond memory – but one more item needs crossing in red

Jon Stewart said recently “we need to set the bar lower for the Democrats – leave it on the floor – maybe they’ll trip on it”

and the B0bot discussion at the time, last decade (month)

And on edit – remember the sense of urgency to pass this  on Christmas? remember how anyone opposing it was deemed as wanting the uninsured to die? In spite of the fact it was not going into effect for 3 years? Of course it was not about that deadline, it was all about the SOTU speech. Which wash carefully scheduled so as not to conflict with the season premiere of Lost. I guess they were afraid it would be redundant.

My moral: don’t count your chickens till the eggs run on your face.

..

All the “combative” noises a thing of the past, new excuse for compromise delivered – HCR goes bipartisan (again)

by Buffalo News you’d think it’s gone alltogether

Daily News has another “I screwed up” cover

WSJ headlines as a retreat

2

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while NY Times toes the propaganda line “paring of goals”

as inside, Krugman has head it and titles his column

He Wasn’t The One We’ve Been Waiting For

..

MSLeader

Jane Crow

Don't be bitter, OK?

Not Your Sweetie

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