Boehner's defeat is no big deal
The House Speaker couldn't deliver the votes of his own caucus. But in a perverse way, that's good news for fixing the fiscal cliff.
Gee people the fiscal cliff deal either way Republican or Obama
is going to be way too little way too late
even if it is done we are going to have a debt of $25 trillion in seven years 2020 perhaps even in just 6 years
we need to cut or raise $2 trillion a year not $1 trillion over 10 years to start to make a dent in the debt.
We are past the point of no return and headed towards complete economic meltdown.
I keep reading this. Is it a Cable Channel? WE SPEND ON TWO THINGS... the Bush Wars and Bail-outs associated with the Gramm Leach Bliley Act and Federal Reserve adverse agenda. The Bush Wars and Military Hokum has to go. Shut the Military Machine down and rebuild it like it was really meant to defend us and not be the Bottomless Honey Hole for GOP nut cases. Abolish GLBA today. A nation that legalizes financial collusion, sees it fail and bails it over and over won't last long. We are THERE. Arrest EVERY elected Official who transitioned to a financial role after his her term. Dis-ban every lobby that brings financial services and politicians together. Restore the Glass Steagall Act before leaving on vacation, Congress. DO SOMETHING RIGHT OR DON'T COME BACK.
WE the People are required to fix it.
[REIN IN BIG GOVERNMENT OVERREACH]
Poor foresight by all Americans regarding Washington legislation have created decades of inept policies. A simple, strategic, powerful fix to jump start the process:
28th constitutional amendment: Yearly Balanced Budget Required
Debt to GDP ratio
>35% = balanced
<35% = allow 10% extra yearly spending
This will not be easy to get congress to enact. The good news is we don’t need Washington to move this: The Constitution provides that an amendment may be proposed either by the Congress with a two-thirds majority vote in both the House of Representatives and the Senate or by a constitutional convention called for by two-thirds of the State legislatures.
It will take only one state to get the ball rolling!!!!!!! A STATE CONSTITUTIONAL CONVENTION!!!!!!!
Wall Street and cranks like this author are scared stiff. After YEARS of effort-less wealth grabbing, the pendulum swings. People who were unsuccessful at basic functionality in society found the alternative in financial corruption. No penalty is good enough as we undo them and attempt to be the strong nation we were before them.
In the current movie on Abraham Lincoln, President Lincoln gets opposition party Congressmen to support his bill (the 13th Amendment abolishing slavery) through Congress. Yes, Lincoln gave political favors, bought or rented votes, to opposition Democratic, pro-slavery Congressmen, but he won. IMO, Abe Lincoln was the best U.S. president ever.
I don't get Obama and the Democrats approach to getting a budget: if all 195 or so Democratic Congressmen vote for the Obama budget plan, then Obama needs to get only about 30 Republican Congressmen to either vote Yes or to Abstain. Why aren't Obama and Nancy Pelosi courting Republican Congressmen who will vote for a reasonable budget? There are conservative Republicans who will vote for the budget.
Obama needs to influence, cajole, and yes "rent" Republican votes. Lincoln did it; so did Reagan, Kennedy, LBJ, and other effective presidents. Then the Democrats will own the budget and cannot keep blaming Republicans.
Grow up, Democrats and Republicans. We are a democracy; make a deal for the good of the country and move on.
The million dollar and up tax hike was a Warren Buffett idea that Obama embraced until that offer was made, but that's Obama. During the preelection period, those who were awake and paying attention, we heard many dems. claim we needed to go back to Clinton era tax rates. Well guess were we could be going. The dems. just wanted a way to blame it on someone else. They are smarter than the repubs. in a political sense,
Boehner gave me a good laugh yesterday.He said "I`m concerned about the middle
class"I believe in Santa Claus in 4 days too.LMAO.
Boehner really doesn't care what happens on the hill now that most of his "talking pets" have run away - he knows he is set for life rather he is the speaker or not and that we, the American tax payer, will be paying his bills for as long as he lives... Boehner is the perfect example of the "Peter Principle". Stay drunk and have a happy holidays Boehner - with any luck we won't have to listen to you too much longer.......
"Sounds like the Republicans need to replace Boehner and go completely hard right / tea party. If they will be defeated for it --- SO BE IT ! "
Eagle, I agree, the Republican Party has payed the price for not supporting the Conservative Base. The GOP better wakeup or they will be relegated to 3rd Party Status.
The Tea Party and Conservative America have had enough of these Established Republican Party Games. If we can't have the Republican Party we will move on......and that will be the end of them.
We need jobs. All the fiscal cliff rhetoric has produced not a single job. All they are doing is arguing over the insufficent funds in the Treasury and how to possibly re-distribute them. Without increasing revenue in a meaningful way overspending will increase.
Jobs should increase right now at a rate of , say, 200,000 new jobs per month more than the number of new young people entering the job market. That would be about 450,000 jobs per month, and as we are all aware it isn't happening.
Short of creating new jobs, a solution would be to double everybody's taxes. This would still be a tad short since we spend $2.06 for every $1.00 revenue right now.
Another solution would be to defer future military spending until such time we can afford it. Combine this with the limitation of unemployment benefits to 12 weeks, and stopping all cost of living increases for Social Security, again, until such time we can afford it. Defer half of all pensions until such time we can afford them. This combination of things could do the trick.
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The solid report comes a month after the retailer closed all of its Canadian operations.
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