Tag: Gridlock

Shocking News about Gang of Six

A bipartisan effort to rein in the national debt stalled Tuesday, as members of the Senate’s so-called Gang of Six signaled that an agreement is unlikely to come this week in time for the start of White House-led budget talks.

Also unlikely to come in the weeks following the start of White House-led talks. And in the months and years after that. And, you know, forever. Just like the Baucus-led Gang of Whateveritwas on healthcare reform, these talks were never going anywhere. Ever. They were solely an attempt to get >50% of the Ryan plan and then stamp it with the Broder-approved Seal of Bipartisanship. And then demand another 20-30% on top of that “bipartisan” plan when the mess hit the floor. Period. That is all that was ever going on in there. All that is going on in there.

Though never mentioned in the mainstream media, there is one party, the GOP, that has categorically ruled out any revenue increase from any source and intends to “balance” the budget by eliminating Medicare, fundamentally ending Medicaid, and then passing those “savings” on to the very rich in the form of more tax cuts. And then, of course, raise the debt ceiling to pay for it by borrowing ever-more. This is their plan. Magically, they also plan to reduce all government spending to levels below what just the military consumes today. And this all seems likely to the Serious People. Sensible and courageous, even.

Notable that Tom Coburn, one of the vanishingly few people with ® after their name that actually accepts revenue probably has to increase, has suddenly left town. Shocking. I’m sure it’s truly pressing business back home.

Can we finally be done with time-wasting and air-sucking idiocies such as the Gang of Six and, for that matter, all these other “Gangs of” now and forever? I know Serious People love their Gangs, but there simply is no middle ground, or anything approaching “middle ground” between Ryan and the status quo. There just isn’t. And though Serious People will never, ever accept it, sometimes doing nothing is indisputably the best way forward when faced with intransigent and unthinking opposition such as that presented by the modern GOP.
In this case, doing nothing fixes at least half of our budget problem. But let’s not talk about that. Everyone knows that Medicare has to go away. Anything less would destroy America.

All I have to say is: All hail gridlock!

Shocking News about Gang of Six

A Foolish Consistency…

Boehner: [Multi-billion dollar subsidies to oil companies are] certainly something we should be looking at. We’re in a time when the federal government’s short on revenues. [Oil companies] ought to be paying their fair share.
Obama: Dear Speaker Boehner, Senator Reid, Senator McConnell, and Representative Pelosi: I am writing to urge you to take immediate action to eliminate unwarranted tax breaks for the oil and gas industry, and to use those dollars to invest in clean energy to reduce our dependence on foreign oil. […] I was heartened that Speaker Boehner yesterday expressed openness to eliminating these tax subsidies for the oil and gas industry. Our political system has for too long avoided and ignored this important step, and I hope we can come together in a bipartisan manner to get it done.
Boehner through spokesman: Unfortunately, what the President has suggested so far would simply raise taxes and increase the price at the pump.

In my fantasies, not only would the Republicans block all these [“compromise” spending cuts], Obama would fix the medium term deficit entirely with one swipe of the pen in December of 2012 by vetoing the inevitable extension of all the Bush tax cuts and letting them expire. He would have already won his final election and could afford to take the heat.

Digby
I actually think this is the plan. As I’ve said before, Obama is the outcomes President. If a package of spending cuts is presented that he and his advisers thinks makes sense, I have no doubt he’ll sign off on them; given the current environment I’d say this outcome is vanishingly unlikely. Therefore you plan on Republican intransigence (and their sending Kyl and Cantor as “negotiators” pretty much says it all), you try to make said intransigence reflect poorly on the GOP at large (Ryan has really helped here), and you talk about middle class tax cuts all the way to raising middle class taxes just after the election either through utter inaction (they just expire, Obama does nothing other than ask for middle class extension and Congress fails to act either way) or because you’ve been “forced” to veto Bush tax extensions by the presence of cuts for the very wealthy. Why? Because that’s the necessary outcome. As Digby notes, it’s what puts the country on a more sound middle-term economic footing; it is not a coincidence this issue was set to go off just after the (presumptive) second term is settled. They’ve been working towards this all along.

Is S&P Running Interference for the Right?

jasencomstock:

[…] Besides, Democrats could easily interpret (and should, vindictively) the warning from S&P as a call for higher taxation.

Precisely. S&P is commenting on the inability of said gubmint to actually do anything and most definitely not on the underlying capability of the United States economy to produce growth and/or sustain a marginally higher tax rate necessary to retire enough of the debt to keep the entirely mythical bond vigilantes at bay.

But, yeah, why does anyone alive care what S&P or Moody’s et al. says? Serious question. They may as well manufacture high quality buggy whips for all their relevance post-meltdown; there is no greater indictment of the lack of serious change to our financial system than this.

Is S&P Running Interference for the Right?

Rest Assured, Austan: It’s Just a Game

Michele Bachman (R, MN): at this point I am not in favor of raising the debt ceiling
Mike Kelly (freshman R, PA): [Raising the debt ceiling would be] absolutely irresponsible.
Lindsey Graham (R, SC): [Failing to raise the debt ceiling] would be very bad for the position of the United States in the world at large, [but I’ll gladly hold it hostage] until a plan is in place [for the nation’s long-term debt that satisfies whatever GOP hobbyhorses are in play on the day in question.]
Austan Goolsbee: This is not a game. The debt ceiling is not something to toy with. […] If we get to the point where you’ve damaged the full faith and credit of the United States, that would be the first default in history caused purely by insanity…. There would be no reason for us to default, other than that would be some kind of game. […] We shouldn’t even be discussing [default]. People will get the wrong idea. The United States is not in danger of default…. We do not have problems such as that. This would be lumping us in with a series of countries through history that I don’t think we would want to be lumped in with.
Lemkin: Which of these do you suppose will hold the media and popular opinion in its sway? This is probably the purest expression of GOP nihilism there is. They will destroy the country’s economic footing, irrevocably, and turn us into a land of gentle skin and pelt traders clustered down by the river if they have their way. At least that model eliminates any potential for minor to moderate increases in Social Security taxes on the wealthiest 2% of all future skin and pelt traders clustered down by the river; plus trade at those stands will likely be entirely conducted through valuable metal transfer. And that’s another big big win for their side. And winning the day is what it’s all about.

There’s much for them to be angst-ridden about. If they think it’s bad now, wait ‘til next year.

Mitch McConnell, never one to beat around the bush, describing the prospects for bipartisan comity in the Senate in the next Congress.
I’m sure we’ll all be very sick of the media pushback against what is clearly pure partisan politics, precisely what the 93% of the public says it is sick of. I imagine the firestorm will ultimately force McConnell to give a tearful retraction somewhere around 5pm EST today. So clear your calendars.
But, by all means Democrats, keep handing over hostages.

I really think Senate Democrats should consider taking advantage of their critical numerical advantage in terms of Jewish Senators and just hold a “no Christians invited” special Christmas Day session. In the all-Jewish Senate, Chuck Schumer is the median member. Joe Lieberman, the most conservative Jewish Senator, is the median in the real Senate.

Matt Yglesias. Everyone can go for Chinese. Think of the comity. And the lack of labels.

The Numbering Shall Be Eight

Ezra Klein relates that an array of left-leaning interest groups have signed onto a letter spelling out an eight point description of what the Senate should be doing on the first day of the next Congress:

  1. On the first legislative day of a new Congress, the Senate may, by majority vote, end a filibuster on a rules change and adopt new rules.
  2. There should only be one opportunity to filibuster any given measure or nomination, so motions to proceed and motions to refer to conference should not be subject to filibuster.
  3. Secret “holds” should be eliminated.
  4. The amount of delay time after cloture is invoked on a bill should be reduced.
  5. There should be no post-cloture debate on nominations.
  6. Instead of requiring that those seeking to break a filibuster muster a specified number of votes, the burden should be shifted to require those filibustering to produce a specified number of votes to continue the filibuster.
  7. Those waging a filibuster should be required to continuously hold the floor and debate.
  8. Once all Senators have had a reasonable opportunity to express their views, every measure or nomination should be brought to a yes or no vote in a timely manner.

I’d only say that the amount of delay on a cloture motion should be reduced all the way to zero: you fail to produce people on the floor 24/7 then regular order begins immediately; no waiting, no marinating, no anything. Put up or shut up. Same goes for “reasonable opportunity” in point eight. Spell that out and ratchet up the required population of Senators needed to uphold the filibuster; cap it with a very brief interregnum between filibuster-broken and vote-held: as in less than one legislative day. Otherwise, I agree completely.

Perhaps the involvement of these non-dirty-fucking-hippy interest groups combined with the letter from the opposition (in which the GOP duly promised to filibuster everything forever; and if you think they’ll stop once the millionaire tax giveaway is sealed, you really are out there on drugs) will in some way nudge the feckless idiots that run the Senate into doing something. I doubt it, but stranger things have happened.

Roadmap to Catfood for Dinner

GREGORY: But then, but where, but where do you make the cuts? I mean, if you’re protecting everything for those, the most potent political groups like seniors who go out and vote, where are you really going to balance the budget?
DEMINT: Well, look at Paul Ryan’s Roadmap to the future. We see a clear path to moving back to a balanced budget over time. Again, the plans are on the table. We don’t have to cut benefits for seniors, and we don’t need to cut Medicare.

As many have noted, the Ryan Roadmap not only cuts benefits for seniors, it eliminates Medicare entirely. DeMint is either utterly misinformed about the content of said “Roadmap”, a blithering idiot, or lying through his teeth. Working out the full slate of combinations possible in the previous sentence is left as an exercise for the student.

What I haven’t seen mentioned elsewhere is that not only are these new and exciting Ryan Medicare Vouchers initially of lower value than the current benefit, their value never increases against inflation or other cost increases. So, barring some later legislative intervention, you’d have less of a benefit each and every year until you finally saw fit to just go die in the streets. Presumably a number of golden years subsisting on catfood and other low-cost comestibles would precede that fine day you scuttle out into the gutter to die, but still. That’s just not an “America’s Future” that I want a roadmap to.
And I’m confident that the vast majority of Americans agree with me on this one; it’s just that we’re not allowed to actually talk about any of this. Ever. Gregory, who never bothers to follow up on anything actually manages to get close for once, but then seemingly panics at witnessing such undiscovered professional realms and gives it the old “we’ll leave it there.” Top notch work as per usual. Look, a shiny penny!