Washington (CNN) - Six days before the deadline for a deal, House leaders on Thursday blamed each other's party for the inability of a special congressional committee to reach agreement on tax and entitlement reforms as part of a possible deficit reduction agreement.
The comments at successive news conferences by House Speaker John Boehner, R-Ohio, and Democratic leader Rep. Nancy Pelosi of California escalated the rhetoric over possible failure by the committee created as part of the debt ceiling agreement earlier this year
No news there. Dems want to spend and Repubs want to cut. Since obama`s annual deficits are 1.5 Trillion, why doesn,t he exercise discipline? Because it`s anathema to his ideology. Can`t wait to see his budget in February. Dems need to abandon the ONLY solution they have proposed: raising taxes.
Here we go again while our Fearless Commander in Chief is off in Australia at the President Cup Golf Matches!
What a joke this is . As we running 1 trillion defict a year easy . But we cant even cut that in 10 years ? Balance is when gov cut 1 trillion a year . Any thing less is a joke . So why even bother ?
The Republican offer of $300 billion in tax revenue is joke. It doesn't even keep up with inflation. In other words, we would see a net increase in the annual deficit and national debt each year.
I agree with Spkr. Boehner. Democrats want to turn back the clock and repeal the Bush Tax Cuts on the wealthiest Americans. Republicans promised that the cuts would be temporary when they were passed, and now they have reneged on their promise to The People. Either that, or Pres. Bush lied to The People when the promise was first made. I'm going with the latter scenario. Bush lied to us.
This whole thing was a set-up by Obama. The result was predetermined.
As long as Republicans refuse to listen to the majority of Americans, and the millionaires who testified before them to ditch the Bush "temporary" tax cuts for the super rich, one must conclude that they have instead chosen to work for Grover Norquist, and not the American people and are NOT negotiating in good faith. We ALL need to remember this in Nov. 2012. If Republicans only want to support the rich, and work for radical anti-tax people like Norquist, they should do so from the private sector, and not as elected representatives of all Americans.
If a business had a Board of Directors who performed so badly the shareholders gave them single-digit approval ratings, those directors would be fired. As long as Americans maintain loyalty to political parties, like some college football team, we will never really throw these useless criminals out. We should be asking for recall elections in our states for every obstructionist who can't produce results for all Americans – not just the sugar-daddies that give them money. Let's start with Speaker Boehner, Mitch McConnel, Nancy Pelosi, Harry and Eric Cantor.
If Sen. John McCain (Republicans) had won in 2008, do you think the deficit for FY2010 would be higher or lower than the current $1.5 trillion? Or would it be about the same?
Facts to consider:
Republicans have pushed for lowering the rate on the wealthy from 35% to 25%. Getting rid of all capital gains taxes. Cutting corporate tax rates without first getting rid of loop holes. And more deficit bloating tax cuts. They have also called for severe cuts in entitlement and discretionary spending, but that didn't occur until this year.
Democrats have pushed for eliminating the BTC on the wealthy, raising their rate 3% to 35%. Getting rid of many tax loopholes, and then lowering corporate tax rates. They have pushed for more aggressive entitlement fraud prosecution and punishments. Reduced military spending.