I went to the gym after work this evening and watched coverage of today’s admission of failure by the Joint Select Committee on Deficit Reduction. I found myself getting incredibly pissed off, to the point of inadvertently blurting out “asshole” a couple of times, and flipping up my middle finger at the television set in […]
Tag Archives: grand bargain
Deficit Supper Committee fails due to Republican refusal to roll back Bush tax beaks
Posted in Economics, Politics, Uncategorized | Also tagged Bush tax cuts, class warfare, deficit, Deficit Reduction Super Committee, endgame, entitlements, Eric Cantor, Grover Norquist, Joe Biden, John Boehner, Medicare, Mitt Romney, Obama, Paul Ryan, Russ Feingold, social security, tax the rich, taxation, the plight of the overtaxed rich, theology of tax cuts, treason | 8 Comments
Obama’s deficit reduction plan not as shitty as thinking Americans feared
As promised, Barack Obama unveiled his administration’s new deficit reduction plan this afternoon, in the White House rose garden. [Those who want the facts can find an outline of the plan on the White House website. A PDF of the entire proposal can be found there as well.] From what I can tell, it marks […]
Posted in Economics, Politics, Uncategorized | Also tagged budget cuts, Buffett Rule, Bush tax cuts, Chuck Schumer, class warfare, deficit, deficit reduction, Deficit Reduction Super Committee, job creation, John Boehner, John Fleming, Joint Select Committee on Deficit Reduction, math, Medicaid, Medicare, Mitch McConnell, Obama, Paul Ryan, political hardball, tax loopholes, tax the rich, theology of tax cuts, veto | 30 Comments
The time to revolt draws near, my friends….
On Friday, it was announced that the U.S. House of Representatives voted overwhelmingly to support a $649 billion defense spending bill. According to the Associated Press, this represents a $17 billion increase over last year’s appropriation. This, as the AP article points out, is particularly noteworthy, given that drastic government cuts are being demanded elsewhere. […]
Posted in Politics, Uncategorized | Also tagged 2012 federal budget, A National Strategic Narrative, Bill Maher, budget, budget cuts, budget deficit, Bush tax cuts, class warfare, compromise, debt ceiling, defense spending, entitlements, Ezra Klein, Joint Economic Committee, Mark Mykleby, Medicaid, Medicare, military industrial complex, military spending, Mitch McConnell, Mr. Y, Obama, Paul Revere, priorities, Robert Pear, the growing gap between rich and poor, the plight of the overtaxed rich, theology of tax cuts, unemployment, Wayne Porter | 52 Comments