Lynn's Little Nest

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Left and Right….

As the “fiscal cliff” draws closer, there are R-words and D-words saying ‘Let. It. Burn.’, “Give Obama what he wants”. Senator Murray wants to take the dive along with other Progs. From the Examiner,

“If the Republicans can’t see their way to significant additional revenues targeted toward the people who are best off and targeted toward passive income and other things like that, then we’re better off going over the cliff and readdressing this with a better Congress in January,” Rep. Peter DeFazio (D-Ore.) said. “And we would have plenty of time to fix it.”

If tax rates snap back to the higher levels from the 1990s and painful budget cuts start to hit the Pentagon, these Democrats, led by Washington Sen. Patty Murray, believe they would wield more leverage over the GOP.

It seems “wielding leverage” in the political sphere is much more important to the Progs than helping the country and its families. Does anyone think Congressional members will suffer the same as the middle class or retirees? Their paychecks and pensions will be safe, yours won’t be. There isn’t a more selfish bunch of people on the Hill at this point in time then Progressives.

The IMF has put their two cents in stating;

The IMF urges Washington to find a long-term solution to our fiscal problems: “Failing to agree soon on a credible plan to put the federal debt on a sustainable path could exacerbate uncertainty and thereby detract from [economic] activity.”

A credible path should be a “Big Deal” (to use U.S. Chamber President and CEO Tom Donohue’s words) that includes comprehensive tax reform, spending reform that tackles entitlements, and another component: revenue from increased domestic energy.  The International Energy Agency projects that the United States will be the world’s top oil producer by 2020, making it an important part of any agreement.

Now that makes sense, a deal that would encompass an all the above approach to our fiscal problems. Why not means testing for Social security and Medicare? It really would be the best way forward, the safety net there for those who actually benefit from it.  Both parties are agreeable to letting the “payroll tax cuts expire”.

Douglas Holtz-Eakin, a former director of the Congressional Budget Office, said the payroll tax cut was “likely to go away” because most lawmakers now regard it as an ineffective policy.

“It was originally intended to spur employment growth,” he said. “I don’t think anyone believes it has been especially successful.”

However, there is some disagreement among conservatives regarding the fate of the payroll tax cut.

J.D. Foster, a tax specialist at the Heritage Foundation, has argued that the cut is bad policy but should be extended regardless.

“Was the payroll tax cut particularly good policy when Obama first proposed it? No. Did it help the economy? Not particularly. Then why extend it? Because that family needs that $1,000 in payroll tax relief,” he wrote.

It would seem to me that giving Obama and the Progs everything they want is the only way to prove how horrible Progressive policies are for this country. The problem with our deficit is spending not revenue. Until we have tax reform, tort reform, and get spending under control, we will not get out of the big government mess. For the American public to understand this and stop buying into the Progressive agenda maybe our Congress should let them have their way. Either way, we’re all going to take a beating, at least those in the private sector.

open thread……..

 

 

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9 Comments

  1. Krauthammer on Obama…..

    “He’s not trying to fix our fiscal issues and problems. He’s trying to destroy the Republicans by insisting that there is a split among the Republicans on this issue which has held them together, the same way it destroyed President Bush Sr. when he went back on the pledge he made. This is a political attack on Republicans. There is no evidence right now that he has any interest in the real fiscal issue because he would have to talk about spending and entitlements and he isn’t.”

    http://www.therightscoop.com/krauthammer-obama-isnt-trying-to-fix-our-fiscal-issues-hes-trying-to-destroy-the-republicans/

  2. Romney and BO meeting for lunch tomorrow. I’d love to be a fly on the wall.

    http://www.weeklystandard.com/blogs/romney-meet-obama-lunch_664120.html

    • Oh, me too! Since BO has no idea of how to fix anything or build anything he may just want to listen to someone who does know.

      • And then take all the credit when their ideas work.

  3. Something for BO to ponder.

    “In Communist Cuba, the Tax Man Cometh”

    http://www.cnbc.com/id/49989684

  4. srdem65

    If I did this linky right, you’ll see how Susan Rice used plastic surgery to look ‘white’

    http://iowntheworld.com/blog/?p=158729

    • srdem65

      It works, I’ve impressed myself again.

      I only saw brief glimpses of her on the news before all this and it never occyured to me that she was a Black woman. She seemed very competent, had some great credentials and worked at the highest levels of every organization she was affiliatied with.
      I could see she had a dark skin tone, but other than that …..

      Now, after a lifetime of achieving great things, the Obama administration and Black racists have reduced her to a “Black woman” that is being attacked for her race and sex.
      The last words BO had for her were something like “I’m so proud of her” as if she were an underling who did well with his tutoring instead of an accomplished woman. This faint praise from a man who never did anything well, never accomplished anything on his own.
      yuk.

  5. Waiting for 2012

    Wow! Just in time for Christmas gift-giving! I know all the Birdies will want these as stocking stuffers; I know I’d treasure one forever:

    http://www.ebay.com/itm/Beautiful-Michelle-Obama-Dollar-Great-Card-Stuffe-cool-gift-4-collector-friends-/330834736335?pt=LH_DefaultDomain_0&hash=item4d074974cf

    Oh, and she has an “80% approval rating”, according to the seller.

    • I am soooo stealing that one….

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