The Fiscal Slope Exposes Deficit Scolds as Cowards

By: Friday December 21, 2012 10:00 am

Let’s just stipulate something for the record. If the Congressional Budget Office were asked to step in and score John Boehner’s “Plan B,” it would score as an increase to the deficit by about $4.9 trillion over ten yeas. If CBO scored the Obama plan, it would score as an increase to the deficit by [...]

The Pileup Behind the Fiscal Slope, and the Consequences of Inaction

By: Friday December 21, 2012 7:03 am

Say what you will about the 2010 deal to extend the Bush tax cuts, which helped to set up what we’re seeing this month. But there was definitely a virtue in getting it done by early December, allowing for a productive lame duck session that repealed Don’t Ask Don’t Tell, passed the New START arms [...]

Where to Go From Plan B, And Why the Answer Is “Nowhere”

By: Friday December 21, 2012 6:22 am

I couldn’t think of a more fitting story on my last day of blogging to symbolize the nature of our government than the aborting of Plan B, wherein House Republicans couldn’t even pass a messaging bill with no chance of advancing. Sometimes we’ve seen Speaker Boehner miscount the votes – the most notable time I [...]

Boehner Bails on Plan B

By: Thursday December 20, 2012 5:46 pm

I just finished laughing from this spectacle on the House floor today. The House leadership tried desperately to pass “Plan B,” the main part of which was an extension of the Bush tax cuts on the first $1 million of income. In truth, all of the other giveaways in it would actually result in lower [...]

The Plan B Follies: Freedomworks Jumps Off the Ship

By: Thursday December 20, 2012 11:40 am

This clown show on the House floor just got more hilarious. At some point in the last four hours or so, Freedomworks, a key tea party group, abandoned their support of Plan B, this Boehner proposal to create what looks like a conservative wish list. They wrote a long encomium to Plan B at 9am [...]

Senate Republicans Nickel and Diming Sandy Relief

By: Thursday December 20, 2012 7:01 am

While the nonsense continues on the fiscal slope, which increasingly looks like something the nation will have to weather, the Senate has been working on an appropriation for states suffering from the disaster caused by Hurricane Sandy. The parallel has to be understood: in one part of Washington, they’re trying to put in a deficit [...]

Boehner Delivers Plan B Ultimatum

By: Wednesday December 19, 2012 12:33 pm

John Boehner just gave a “press conference” that clocked in at under a minute, where he took no questions and basically said that Democrats could either pass his “Plan B” proposal, which extends Bush-era tax rates on the first $1 million of income and does basically nothing else, or “be responsible for the largest tax [...]

Obama Proud of His Fiscal Slope Offer, For Some Reason

By: Wednesday December 19, 2012 10:50 am

For some reason, liberals are agonized by the fact that a Presidential press conference about gun safety legislation devolved into questions about the fiscal slope. As if this has never happened before, or that reporters are Constitutionally obligated to stay on topic. Or that the fisal policy of the world’s largest economy shouldn’t stay in [...]

Threat of Medicare Eligibility Age Increase Recedes – For Now

By: Wednesday December 19, 2012 10:00 am

Amid all the fiscal slope machinations comes one bit of good news, at least in the near term. House Speaker John Boehner has pulled back on raising the Medicare eligibility age in this deal, although he holds it out as a possibility for the conclusion of the deal next year. This suggests that the White [...]

Learned Behavior: Obama’s Backtrack on Tax Rates, Debt Limit Empowered Republicans

By: Wednesday December 19, 2012 7:45 am

The White House announced they would veto “Plan B,” John Boehner’s gambit to pass a bill extending the Bush-era tax rtes for all earners on the first $1 million of income. And Nancy Pelosi said that Boehner had better have 218 votes for such a bill, since House Democrats won’t provide any. Of course, Boehner [...]

Boehner Trying to Push Plan B Over the Counter

By: Tuesday December 18, 2012 10:22 am

I guess the good news about the state of the fiscal slope negotiations is that nobody seems to like what’s on offer. Dick Durbin, seen as close to the President, just rejected including the chained CPI for Social Security benefits in a final deal. That rejection came even faster than the rejection of raising the [...]

Advertisement
FOLLOW FDL NEWS DESK

Close