Debt committee pressure points
November 4th, 2011
08:24 AM ET
2 years ago

Debt committee pressure points

New York (CNNMoney) - Washington's latest parlor game is placing odds on a) whether the congressional debt committee will be able to agree on anything and b) if so, what?

Republicans still appear resistant to taxes as a significant deficit-reduction measure. And Democrats remain resistant to any plan that lacks a meaningful tax component and threatens to upend the economic recovery.

FULL STORY

Filed under: Budget • Deficit • Deficit commission
soundoff (5 Responses)
  1. Wire Palladin, S. F.

    What a shock, republicans support the .2% against 99.8% of Americans.

    November 4, 2011 08:33 am at 8:33 am |
  2. Sniffit

    "Republicans still appear resistant to taxes as a significant deficit-reduction measure. And Democrats remain resistant to any plan that lacks a meaningful tax component and threatens to upend the economic recovery."

    Anatomy of false equivalency spin:

    GOP only "appears" to be "resistant" to everything that includes revenue. Truth: they are adamantly opposed to anything that jives with expert consensus that the deficit and debt problems cannot be solved without raising taxes and have put forth a plan that includes ZERO revenue increases. They will go to their graves smiling if the refusal to make tiny incremental increases in the atxes levied on the exorbitantly wealthy results in further wealth disparity, continued redistribution of the wealth upwards, the destruction of the middle-class and the creation of the Disjointed Plutocracy of America...with 99% of us living thrid-world lives and third-world labor.

    With respect to Dems, the magic word "appears" disappears and the erst of the sentence is so sloppily written that its meaning gets lost, so we'll no doubt be treated to myriad meatheads claiming that "the Dems are just as obstructionist."

    Any questions?

    November 4, 2011 09:53 am at 9:53 am |
  3. Canuck

    Interesting that the Republicans do not use the 'the American people do not want us to raise taxes' line any longer. I guess they know its not true but they just don't care. Shameless.

    November 4, 2011 10:24 am at 10:24 am |
  4. Rudy NYC

    Republicans have repeatedly lied to and deceived the American people. Republicans in Congress have been signing Norquist pledges since the 1990s. The controversial Bush Tax Cuts turned a surplus into a deficit. President Bush, with words of endorsement from current leaders and members, promised the American people that his cuts were only *temporary* to stimulate jobs growth.

    Today, those same Republicans in Congress have complete reneged on that promise in the hopes that the American people have forgotten. I am not going to let the American people forget. Not let them forget that the cuts set us on a course for annual trillion dollar deficits, just as predicted by Bush's own advisors. Not let them forget that the cuts did not produce the promised jobs growth.

    Not let them forget that Republicans promised the cuts were to be temporary, but today fight for them to be permanent. All due to a pledge that they had known that they had signed (preventing them from repealing the cuts) when the empty promises to the American people were made.

    November 4, 2011 12:26 pm at 12:26 pm |
  5. Reggie from LA

    Don't yeild squat to Norquists numbskulls!! What a bunch of pathetic fools and the ones who trust and vote for them are even worse. Obama 2012!!

    November 4, 2011 12:53 pm at 12:53 pm |