The Success of Failure

[Qtec]

Is Obama smarter than we think he is?


<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body"> The Success of Failure
Posted on 11/21/2011 at 3:35 pm by JM Ashby

As we witness the failure of the Super Committee in real-time, it’s important to remember that a failure on the part of the committee is a victory for Democrats.

Why?

Because if the Super Committee does not agree to anything, the current baseline, which includes an expiration of the Bush Tax Cuts, will remain intact.

http://bobcesca.com/wp-content/uploads/2011/11/chart-supCommFailure.jpg

As I explained months ago, John Boehner tricked his caucus into voting for a budget as a part of the debt-ceiling deal which includes an expiration of the Bush Tax Cuts. It was a possibility the Super Committee would extend the cuts permanently as a part of a larger deal, but we now know that to be highly unlikely.

<u>The highly ironic, and hypocritical, thing is that a failure of the Committee would appear to be the most beneficial outcome if you’re really concerned about the federal deficit.</u> <span style='font-size: 14pt'>The Bush Tax Cuts are the single largest contributor to the federal deficit, as the graph above clearly demonstrates, and the Republicans have been fighting tooth and nail to extend them.</span>

<span style="color: #990000">President Obama is not a dummy, nor is the Democratic leadership in congress. They knew the Republicans would never sign off on genuine tax increases, therefore the only way to achieve that was through trickery. And if the Super Committee fails, President Obama’s “Rope-a-Dope,” as Lawrence O’Donnell called it, will have come full-circle.</span>

The Media and the Republicans will both spin this as some sort of “both sides” shenanigans, <u>but make no mistake, this is a win for Democrats. <span style='font-size: 23pt'>And for their part, the Republicans’ hypocrisy on the matter is immeasurable.</span></u>

<span style="color: #990000">Update… as of 5pm EST 11/21 the Super Committee has officially failed</span> </div></div>

How ironic. The GOP wouldn't make a deal because taxes on the rich would be raised. Now, by not making a deal, taxes on the 1% will be raised!!! Love it.

I can see the ad now.

"GOP votes to raise taxes and cut military spending."

LOL

Q


Q

[eg8r]

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">Is Obama smarter than we think he is?
</div></div>I sure freaking hope so.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">As we witness the failure of the Super Committee in real-time, it’s important to remember that a failure on the part of the committee is a victory for Democrats.

Why?

Because if the Super Committee does not agree to anything, the current baseline, which includes an expiration of the Bush Tax Cuts, will remain intact.
</div></div>Apparently your author is about as dumb as you are. /forums/images/%%GRAEMLIN_URL%%/smile.gif

We all know at this point if nothing gets accomplished then they will immediately begin working on ways to stop this from happening prior to 2013.

eg8r

[Soflasnapper]

Apparently your author is about as dumb as you are. \:\)

We all know at this point if nothing gets accomplished then they will immediately begin working on ways to stop this from happening prior to 2013.

What you say may be true, but it doesn't mean this will work out well for the GOP in the end.

Because WHAT is going on for the balance of the next year? Electioneering and campaigning.

So, front and center in these negotiations will be highlighted the fact that contrary to a 70% share of the population, including about that number of the GOP and the Tea Party faithful, who support raising the tax rate for the top earners, the GOP is adamantly refusing to do that, preferring their pledges to Norquist and far right anti-taxation zealots to 70% of their own party voters.

The GOP will not enjoy any choke point brinkmanship opportunities to force anything through Congress, and already, Obama has pre-emptively issued a veto threat if they succeed in passing such a deal through Congress.

I'd say, mixing metaphors, that Obama offered them, and they took, the poisoned pawn, which seemed like a good thing at the time, but is now poised to put the bite on the GOP.

[LWW]

There are no cuts even with the failure.

The entire thing was set up to fail, and both sides are complicit.

Both sides have a war drum to beat upon ... and there are no cuts, at all, to anything.

The only thing that has been done is cuts in the proposed rate of growth ... which the next congress is fully empowered to ignore.

Now, everyone back to their respective bleacher section to cheer for their "TEAM" will the village burns to the ground.

[Soflasnapper]

There are cuts in prospect with the ending of the super committee's efforts. In 2013. Should be about $60 billion off the Pentagon's budget, for instance, and I don't think that's only trimming an increase of that or a greater size, so as to leave the budget the same size or larger. I am pretty sure it will go down in dollar figures, and substantially.

However, it is not only the cuts that are in prospect to help reduce the deficit. Importantly, nearly $4 trillion in additional revenues are in prospect, by CBO scoring, as the entire Bush tax rate cuts expire if there is no deal in the meantime.

Which means that the entire $4 Trillion in deficit reduction discussed in the "go big" 'grand compromise' of Obama, where he proposed substantial cuts in entitlements as part of that overall number, will be achieved cutting NOTHING from entitlements.