Class Warfare Blog

December 3, 2012

A Republican Reality Check

Republican pundits are spinning, spinning, spinning. This time it is in an attempt to blame President Obama if the country goes off the so-called “fiscal cliff.” Polls, of course, show that the American People would blame mostly Republicans if that indeed happens, but the conservative spin doctors are trying to change that.

Unfortunately for them facts get in the way. I know when facts are mentioned these folks just cover their ears and shout “you’re just poopieheads!” but in this case the facts are clear. The fiscal cliff was invented by Republicans! That’s right, ladies and gentlemen, it is a creation of Republicans plain and simple.

“The fiscal cliff was invented by Republicans! That’s right, ladies and gentlemen, it is a creation of Republicans plain and simple.”

The history is that President Bush couldn’t sell his tax cuts without putting a time limit on them, so the Republicans re-drafted the legislation so that the tax rates would revert to the previous standards (Clinton era tax rates) after ten years. They thought that would be so long that people would get used to them and not want to go back. And they pushed the legislation through. Of course, it didn’t work out that way. So, the tax cuts were scheduled to expire in 2011 and the will to make them permanent could not be found. But the Republican’s found some strength to extend them for two more years, but with some provisions attached. The “grand budget deal” involved a committee of congress members to develop a deal on spending cuts and whatever (Republicans couldn’t bring themselves to say tax increases, so they referred to this as “revenue enhancement”). To make sure that committee, dubbed the “Super Committee,” found a solution, they crafted a consequence so dire that the committee couldn’t possibly fail. That consequence is the so-called “fiscal cliff.” Basically if no deal was forthcoming, on January 1, 2013, everybody’s oxen would get gored. Democrat’s favorite programs would see cuts. Defense would see big cuts. And the Bush tax cuts would be gone for everybody.

The Super Committee failed (mostly due to Republican insistence that no “revenue enhancement” could be used to solve problems).

President Obama has offered to extend the Bush tax cuts on the first $250,000 of income for everybody. Everybody means 100% of Americans, not just the 98% as has been stated over and over. But the rich want the tax cuts on income over $250,000, too, so they have instructed their puppets to do that deed somehow, so the Republicans are blocking the extension for the first $250,000 of income trying to get the brass ring for their masters.

The problem is, the cliff is looming and if they do nothing, they fail.

And they created it.

Good luck blaming the President for their own creation!

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2 Comments »

  1. It looks more and more like we will go over the cliff. The GOP has shown no willingness to raise rates at all. If the Bush cuts expire and Obama proposes his own tax cuts, maybe the GOP will go along – after all they technically can still say they didn’t raise taxes, fulfilling their idiotic Norquist Pledge.

    Comment by Michael — December 4, 2012 @ 10:30 pm | Reply

    • The “pledge” is quite silly. It is basically a “quote” from the past, namely stating that they had no intention to raise taxes. And politicians are notorious for changing their minds and flat out lying. So, there really should be no problem but there is and the reason is if they contradict themselves, basically change their minds, something bad will happen (getting primaried from the right maybe). But what to we call such activities? Extortion maybe. A protection racket? Clearly this is illegal in almost every endeavor, so why can’t we hold Norquist’s feet to the fire?

      And, since we seem to think the Pledge of Allegience needs to be renewed by school children daily, haven’t these pledges expired?

      Comment by stephenpruis — December 5, 2012 @ 7:22 am | Reply


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