December 31st, 2012
11:30 AM ET
10 years ago
Sources: Delay in sequester part of fiscal cliff negotiations
Washington (CNN) - Republican negotiators attempting to broker a deal to avoid the year-end fiscal cliff are asking for a three-month delay to the across-the-board spending cuts known as the "sequester," according to a Democratic source.
The source said Democrats are pushing for at least a year delay to the cuts.
Said a second Democratic source: "The emerging deal that creates another cliff in three months can't pass."
I think the best move for Democrats is to give the Tea Party as many opportunities to show their stripes as possible.
The GOP keep saying the Government does not create jobs...But they want to increase spending on Defense....and the Government creates and supports the Defense Contractors.....We are already seeing the military taking measures to release many soldiers early, to down size the soldiers in active duty...to send them home and reduce the Veterans benefits and cost to the military...and just how much does it cost to maintain one B2?, J35?
They should just pass the "Kick the Can Down the Road Act" once and go home and return to Washington one time per year to re-authorize it.
What's the point of playing the game of spending cuts and tax increases if you can just "temporarily" keep moving the goal posts?
If the Dems are going to cave in to the repubs again, they should at least get the Debt Ceiling fiasco out of the way as part of the bargain. Dems always give to much to the repubs in exchange for something most voters want and need anyway.
All the Government does is spend spend...while welfare and food stamps (EBT) is out of control. All that this administration is doing is buying vote for the progressive by spending.
Why is everyons so worried about going over the fiscal clif...we already went over when Obama got re-elected
When I saw "Delay in sequester" my first thought was that 'sequester' was some isolation part of the prison.
This is the last thing we need to do. Don't give them any opportunity to kick the can down the road again or we will be in the exact same spot when we catch up with it again!!!!
This crap is bad. Uncertainty is worse than high taxes to a businessman.
Uncertainty is bad for consumer confidence.
Uncertainty makes people decide not to make house and car purchases.
Settle it now and get it over with you spineless Congressmen!
Dreamer96
It cost the amount for you freedom!
The two single biggest drivers of the ballooning deficit over the past decade have the two rounds of Bush Tax Cuts and the two unfunded wars. Bush will go down in history as having made some of the most dubious decisions in American history. He is the first POTUS to start a war and not raise taxes to pay for it....and then he did it a second time on an even larger scale!
Why worrie...the government still has not passed a budget since Harry Reid sat on it!
amazing the article is 1 paragraph long and yet republicans misread it, it says the republicans want to kick that can!
It is time to create a permanent solution to the debt ceiling. We can't keep on doing this every 2 or 3 months. Republicans, if you can't get a deal to cut spending before the election, you are not getting one now. Not on your terms. You lost the election. It does not matter if we have another 10 fiscal cliffs. You are not getting a better deal simply because you want to renegotiate every 2 or 3 months.
To Dreamer96:
Cut the military, sure, but not on the backs of those who have already served.
Quit using the military as a pork-project generator for each state, end bloated projects that don't really meet the needs of our country's defense, reduce the size of the forces.
And keep them all home a lot more. If we have to defend the world, send them (the' world') a bill for expenses. Plus profit.
This conflict is the exact reason big business is sitting on the $2T dollars. They don't want to start spending it and getting blindsided, they can and will make money with any rule set that comes out of this, but the last thing they want to do is start a plan and have the rules change midstream.
It seems readily apparent that the members of Congress from the GOP simply don't want to solve this set of problems that they created. In the spirit of the New Year, and as a sign that they really don't wish to bring harm to the vast majority of Americans, here is a simple proposal:
Every member of the House and Senate who only wishes only to impede the fiscal cliff negotiations should resign their position today and renounce all of their rich benefits (retirement and health insurance -the same they wish to deny the middle class). Their representative states should hold elections within the month to replace them, and as a nation we should then move on from that point.
The American public DID NOT sign on for the GOP's brand of partisan bickering. They need to do their work, or get out of the way!
Ram215 wrote:
Why worrie...the government still has not passed a budget since Harry Reid sat on it!
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1 – The Harry Reid led Senate passed two budgets before the 2008 financial collapse.
2- They have not passed a budget since because the House keeps sending up Continuing Resolutions, which are short term spending measures. CR's make a budget a moot point. Sort of like, who needs dinner menu when you have had snacks all day long.
It is quite clear that corporate fascism has taken over American government when they(corporations) fund politicians via lobbyists to do nothing, then corporate owned Obama gives the "do nothing congress" a raise in pay! While the average American continues to lose wealth, and the ability to regain 32years of lost wealth. At least 2% of Americans have seen a 275% increase in wealth in that same 32 years....
HAPPY NEW YEAR!
Money Well Spent wrote:
...Obama gives the "do nothing congress" a raise in pay! ....
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Once again, right wing media deception bear fruit. First and foremost, only the House of Representatives is authorized to originate any spending or revenue related bills, which includes pay raises for members of Congress.
The POTUS is prohibited from authorizing new spending. Period. All that Pres. Obama did was to approve and sign into law a pay raise for the House, which I must remind you was a spending measure that originated in the Tea Party controlled House.
@Ram215–why didn't you outburst War-Spending? Trickle-down?? Just because government is for middle class–you are crying. I think we need to deport all these non-citizens, non-immigrants. Period.