On Saturday, House Speaker John Boehner informed the White House that the ambitious debt reduction deal is no-go. The proposed $4 trillion deal was said to include $1 trillion in “increased revenues” brought about by streamlining the tax code (a.k.a. tax hikes). Republicans have been saying for some time that tax hikes are a non-starter, and Boehner would clearly have difficulty getting such a bill to pass, so this deal was a bust.
Conservatives have been worried that Speaker Boehner would give in and make a poor deal with Democrats. With many of us already concerned with Boehner’s perceived weakness as Speaker, a bad deal will certainly leave a bitter taste in the mouth of many conservative Republicans, and some have even threatened to leave the party, to start a 3rd party, which would most certainly ensure a win for Obama in 2012.
Why Boehner is wasting his time with Democrats at this point is beyond me. He needs to take a harder stance with them. Democrats have no problem doing this. Why do we??? Boehner and McConnell need to be firm about what Republicans are expecting in this deal, then walk away, and leave the ball in the Democrats’ court. Democrats are going to blame this on us anyway. They’re already doing it. We might as well get what we want out of it. Here’s an example of how Democrats are spinning the issue:
What is really appalling is to see our Republican colleagues essentially
providing a form of extortion — if you don’t agree to deficit
reduction the way we want it, we’ll put all the jobs at risk, because we
will allow the United States to default on its debt,” said Rep. Chris
Van Hollen, D-Maryland, on the CNN show “State of the Union.” “That’s
So let me get this straight. Democrats are accusing Republicans of throwing their weight around, with a “my way or the highway” attitude, to the detriment of the American people? That’s laughable, given how they shoved a 2,000+ page, $2.7 trillion (and growing) health care bill down our throats, despite the fact that the majority of Americans were opposed to it.
As usual, Democrats are conducting business the only way they know how….by scaring the public. They’re accusing Republicans of trying to take Medicare from seniors and of giving the rich tax breaks on the backs of seniors and working Americans. Like rich people don’t work? How do you think they got rich? And where do you think jobs come from? But I digress…
Over and over on left wing blogs, I heard the same old song about the rich not paying their fair share, and how the tax breaks are hurting the poor and middle class. I also heard about how only Democrats are the ones saying “tax me more!”. Well, good for them…more power to ’em! But I don’t actually see anyone doing it. It’s all talk. Obama claims we need “shared sacrifice” (which screams Marxism…make no doubt about it), while the truth is that the top 1% of Americans pay nearly 40% of the taxes, the top 5% pay nearly 60%, and the top 50% pay 97% of the taxes, while the bottom half only pay 3%. Three percent! But the rich need to pay more? It just doesn’t compute.
So, will the U.S. default on their debt if we don’t make a deal by August 2nd? No, of course not. We will most certainly pay our bills. Republicans will have a contingency plan, if these debt talks do not produce the results needed before the deadline. This is just another scare tactic of the Democrats. That, of course, does not diminish the severity of this problem. We need to stop spending, and we need to stop now. We cannot continue to accumulate debt, with no substantive plan to rein in spending and make some serious changes in the way Washington does business. But whether there is a vote to raise the debt ceiling or not, Americans are paying attention, and Republicans need to do the right thing, or we’ll hand Obama another win.