Tag: Barack Obama

Congressional Game of Chicken: Taking More Hostages

The House of Representatives raised the debt ceiling by a vote of 269 to 161 and the bill moved to the Senate where it was expected to pass by unanimous consent passed by a vote of 72 – 26 and was signed into law by President Obama this afternoon. Besides raising the debt ceiling enough so that it won’t have to be considered again until 2013, well after the election, the bill contains budget cuts that will total over $2 trillion, part immediately, the rest over 10 years.  The bill was called “a sugar coated satan’s sandwich” by Rep. Emanuel Cleaver (D-MO), chairman of the Congressional Black Caucus due to the rest of the bill’s proposals. House Speaker John Boehner spoke with the press gleefully stating that he got 98% of what he wanted. On the other side of the Capitol building, Senate Minority leader Mitch McConnell warning that there is more use of raw extortion as a negotiating tactic in the future:

: It set the template for the future. In the future, Neil, no president – in the near future, maybe in the distant future – is going to be able to get the debt ceiling increased without a re-ignition of the same discussion of how do we cut spending and get America headed in the right direction. I expect the next president, whoever that is, is going to be asking us to raise the debt ceiling again in 2013, so we’ll be doing it all over.

The bill includes the creation of an equally split “super committee” that abrogates the right of congressional parliamentary prerogatives to debate or amend bills that arise from any agreement and if there is no agreement on cuts, then automatic across the board cuts that include Medicare and military spending. Keith Olbermann’s Special Comment eviscerates the bill’s flaws and the consequences.

Transcript:

I close, as promised, with a Special Comment on the debt deal.

Our government has now given up the concept of right and wrong.

We have, in this deal, declared that we hold these truths to be self-evident: that all political incumbents are created equal, that they are endowed by their creator with certain unalienable Rights, that among these are Re-nomination, re-election, and the pursuit of hypocrisy.

We have, in this deal, gone from the Four Freedoms to the Four Great Hypocrisies.

We have superceded Congress to facilitate 750 billion dollars in domestic cuts including Medicare in order to end an artificially-induced political hostage crisis over debt, originating from the bills run up by a Republican president who funneled billions of taxpayer dollars to the military-industrial complex by unfunded, unnecessary, and unproductive wars, enabled in doing so by the very same Republican leaders who now cry for balanced budgets – and we have called it compromise. And those who defend it have called it a credit to a pragmatic president who wins some sort of political “points” because, having stood for almost nothing here, he gave away almost nothing for which he stood.

It would be comical if it were not tragic.

Either way, it is a signal moment in our history, in which both parties have agreed and codified that the political structure of this nation shall now based entirely on hypocrisy and political self-perpetuation.

Let us start with the first of the Great Hypocrisies: The Committee. The Republican dogs can run back to their corporate masters and say they have forced one-and-one-half trillion dollars in cuts and palmed off the responsibility for them on this nonsensical “Super Congress” committee.

For two-and-a-half brutal years we have listened to these Tea Party mountebanks screech about the Constitution of the United States as if it were the revealed word and not the product of other – albeit far better – politicians. They demand the repeal of Amendments they don’t like, and the strict interpretation of the ones they do, and the specific citation of authorization within the Constitution for every proposed act or expenditure or legislation.

Except this one.

Where does it say in the Constitution that the two houses of Congress can, in effect, create a third house to do its dirty work for it; to sacrifice a few Congressmen and Senators so the vast majority of incumbents can tell the voters they had nothing to do with this?

This leads to the second of the Great Hypocrisies: how, in the same breath, the Republicans can create an extra-Constitutional “Super Congress” and yet also demand a Constitutional Amendment to force the economic stupidity that would be a mandated balanced budget. Firstly: pick a side! Ignore the Constitution or adhere to it.

Firstly, pick a side, ignore the constitution or adhere to it. And of what value would this Mandated Balanced Budget be? Our own history proves that at a time of economic crisis, if the businesses aren’t spending, and the consumers aren’t spending, the government must. Our ancestors were the lab rats in the horrible experiments of the Hoover Administration that brought on the Great Depression, in which the government curled up into a ball while it simultaneously insisted the economy should heal itself, when, in times of crisis – then and now – the economy turns out to be comprised entirely of a bunch of rich people who will sit on their money no matter if the country starves.

Forgotten in the Republican Voodoo dance, dressed in the skins of the mythical Balanced Budget, triumphant over the severed head of short-term retrenchment that they can hold up to their moronic followers, are the long-term implications of the mandated Balanced Budget.

What happens if there’s ever another… war?

Or another… terrorist attack?

Or another… naturaldisaster?

Or any other emergency that requires A government to spend a dollar morethan it has? A Constitutional Amendment denying us the right to run a deficit, is madness, and it will be tested by catastrophe sooner than any of its authors with their under-developed imaginations that can count only contributions and votes, can contemplate.

And the third of the Great Hypocrisies is hidden inside the shell game that is the Super Congress. TheSuper Congress is supposed to cut evenly from domestic and defense spending, but if it cannot agree on those cuts, or Congress will not endorse them, there will be a “trigger” that automatically cuts a trillion-two or more – but those cuts will not necessarily come evenly from the Pentagon. We are presented with an agreement that seems to guarantee the gutting of every local sacred cow from the Defense Department. Except if the Congressmen and Senators to whom the cows are sacred, disagree, and overrule, or sabotage the Super Congress, or, except if for some reason a 12-member Committee split evenly along party lines can’t manage to avoid finishing every damned vote 6-to-6.

We’re cutting Defense. Unless we’re not.

The fourth of the Great Hypocrisies is the evident agreement to not add any revenues to the process of cutting. Not only is the impetus to make human budget sacrifices out of thepoor and dependent formalized… but the rich and the corporations are thus indemnified, again, and given more money not merely to spend on themselves and their own luxuries, but more vitally, they are given more money to spend on buying politicians, and legislatures, and courts, buying entire states, all of which can be directed like so many weapons, in the service of one cause and one cause alone: making bystatute and ruling, the further protection of the wealthy at the expense ofeverybody else, untouchable, inviolable – permanent.

The White House today boasted of loopholes to be closed and tax breaks to be rescinded — later.

By a committee.

A committee that has yet to be formed.

There are no new taxes. Except the stealth ones, enacted on 99 out of 100 Americans by this evil transaction. Every dollar cut from the Safety Net is another dollar added to the citizen’s cost for education, for security, for health, for life itself. It is another dollar he can’t spend on making a better life for himself, or atleast his children. It is another dollar he must spend instead on simply keeping himself alive.

Where is the outrage over these Great Hypocrisies? Do you expect it to come from a corrupt and corrupted media, for whom access is of greater importance than criticizing the failure of a political party or defending those who don’t buy newspapers or can’t leapwebsite paywalls or could not afford cable tv?

Do you expect it to comefrom a cynical and manipulative political structure? Do you expect it from those elected officials who no longer know anything of government or governance, but only perceive how to get elected, or how to pose in front of a camera and pretend to be leaders? Do you expect it from politicians themselves, who will merely calculate whether or not it’s right based on whether or not it will get them more contributions?

Do you expect it will come from the great middle ground of this country, with a population obsessed with entertainment, video games, socialmedia, sports, and trivia?

Where is the outrage to come from?

From you!

It will do no good to wait for the politicians to suddenly atone for their sins. They are too busy trying to keep their jobs, to do their jobs.

It will do no good to wait for the media to suddenly remember its origins as the ‘free press,’ the watchdog of democracy envisioned by Jefferson. They are too busy trying to get exclusive DETAILS about exactly how the bankrobbers emptied the public’s pockets, to give a damn about telling anybody what they looked like, or which way they went.

It will do no good to wait for the apolitical public to get a clue. They can’t hear the clue through all the chatter and scandal and diversion and delusion and illusion.

The betrayal of what this nation is supposed to be about did not begin with this deal and it surely will not end with this deal. There is a tide pushing back the rights of each of us, and it has been artificially induced by union-bashing and the sowing ofhatreds and fears, and now this ever-more-institutionalized economic battering of the average American. It will continue, and it will crush us, because those who created it are organized and unified and hell-bent.

And the only response is to be organized and unified and hell-bent in return. We must find again the energy and the purpose of the 1960’s and early 1970’s and we must protest this deal and all the God damn deals to come, in the streets. We must arise, non-violently but insistently. General strikes, boycotts, protests, sit-ins, non-cooperation take-overs – but modern versions of that resistance, facilitated and amplified, by a weapon our predecessors did not have: the glory that is instantaneous communication.

It is from an old and almost clichéd motion picture that the wisdom comes: First, you’ve got to get mad.

I cannot say to you, meethere or there at this hour or that one, and we will peacefully break the back of government that now exists merely to get its functionaries re-elected. But I can say that the time is coming when the window for us to restore the control of our government to our selves will close, and we had damn well better act before then.

Because this deal is more than a tipping point in which the government goes from defending the safety net to gutting it. This is wrong, and while our government has now declared that it has given up the concept of right-and-wrong, you and I… have not, and will not, do so.

Good night, and good luck.

Congressional Game of Chicken: Countdown to Default Part 2 (Up Date)

There is no deal. The Reid bill failed to get the 60 votes needed for cloture. As expected it was blocked by Republicans and four Democrats. From CNN:

Senate Republicans on Sunday blocked a Democratic effort to end debate and move to a vote on Majority Leader Harry Reid”s debt ceiling proposal, extending consideration of the measure as negotiations continue on a deal to raise the federal debt ceiling and cut spending.

Reid had postponed the vote for 12 hours, until 1 p.m. Sunday, saying at the time there were “many elements to be finalized.” He plans to insert a negotiated final agreement into the proposal once a deal has been reached.

The Republican-controlled House rejected Reid’s plan on Saturday — partisan payback for the Democratic-controlled Senate’s rejection of GOP House Speaker John Boehner’s plan Friday night.

The Senate has been advised not to got to a ball game as there could be another vote later this afternoon with more sell outs to the hostage takers.

Paul Krugman on “This Week with Christiane Amanpour” said that this deal will cost jobs and decrease revenue worsening the crisis to even greater proportions:

    “From the perspective of a rational person, we shouldn’t even be talking about spending cuts at all now,” Krugman told ABC’s Christiane Amanpour. “We have nine percent unemployment. These spending cuts are going to worsen unemployment… If you have a situation in which you are permanently going to raise the unemployment rate – which is what this is going to do – that’s actually going to reduce future revenues.”

    “These spending cuts are even going to hurt the long-run fiscal position, let alone cause lots of misery. Then on top of that, we’ve got these budget cuts, which are entirely – basically the Republicans {saying}, ‘We’ll blow up the world economy unless you give us exactly what you want’ and the president said, ‘Okay.’ That’s what happened.”

    “We used to talk about the Japanese and their lost decade. We’re going to look to them as a role model. They did better than we’re doing,” he added. “There is no light at the end of this tunnel. We’re having a debate in Washington which is all about, ‘Gee, we’re going to make this economy worse, but are we going to make it worse on 90 percent the Republicans’ terms or 100 percent the Republicans’ terms?’ The answer is 100 percent.”

    H/t Raw Story for the transcript

    Up Date: 20:00 EDT There is a tentative deal that could be voted on tonight in the Senate but I wouldn’t count on that considering that back stabbing duplicity of the GOP leadership. Brian Buetler at TPM has the ugly details of the agreement. If this is accurate it will probably throw this country into a second recession with the jobless U-3 heading back into double digits.

    Keep in mind that no matter what the Senate may pass there is the renegade House and this time it isn’t just the tea party faction but the Progressive Caucus that is balking. This is not over yet.

Congressional Game of Chicken: Countdown to Default (Up Date x 3)

The Boehner bill on raising the debt ceiling barely passed the House on a strict partisan line with a vote of 218 to 210. Not one Democrat voted for the bill, 22 Republicans voted against it and 5 Democrats were not present to vote. The bill was essential dead on arrival in the Senate where it was quickly table in a bipartisan vote of 59 to 41.

This is what’s next but it won’t happen until very late Saturday night/early Sunday morning. Why because Sen. Mitch McConnell says so. McConnell is refusing to even negotiate with Reid

Senate Majority leader Harry Reid’s proposed bill is no prize either but at least it moves the debt ceiling limit to past the 2012 election into 2013 and a new congressional session. (I think Reid is betting on taking back the House.) Reid also said that he is open to tweaking but it’s up to Republicans

At a late Friday press conference, Reid suggested that the door is still open to further tweak his proposal, including by adding failsafes to assure future entitlement and tax reforms — but it’s up to Republicans to offer up their votes.

“We have a closet full of triggers, people have suggested dozens of them but even though earlier this week, I was sitting talking to Jack Lew about triggers for an hour and a half and we can’t get Republicans to move on any trigger. We’re not going to have cuts on more programs without some revenue – that is a line we’ve drawn in the sand,” Reid said. “It’s up to the Republicans, right now we have a proposal…we are waiting for them to do something, anything, move toward us.”

How The Revised Reid Amendment Compares To The Revised Boehner Bill

h/t David Dayen @ FDL and Brian Buetler @ TPM

Up Date, 12:22 PM EDT: House Speaker John Boehner has said that the Reid bill is “dead in the water” and is refusing to meet or compromise with the Democrats. The Senate will vote for cloture on the bill at 1 AM Sunday morning. Boehner plans to hold a symbolic vote on the bill this afternoon to reject the plan preemptively.

Reid’s plan which cuts more without new revenue and creates the “super commission” only differs in the length of time for considering raising the debt ceiling again. The bi[artisan Senate plan extends the debt ceiling through 2012 while the tea party plan wants it rehashed in 5 months with guarantees that a “cut, cap and destroy” constitutional amendment is passed. Boehner is probably the worst house speaker since Newt Gingrich and even he knew how to get his ducks in a row and conpromise.

Up Date: 15:35 EDT The House has voted to reject the Reid bill before it even gets to a vote in the Senate. All of the Republicans votes nay along with a few Democrats. The voter was 173 – 246.

House Minority Leader Nancy Pelosi and Sen. Reid are on their way to the White House to meet with the President to presumably to discuss options and the next move.

This is what you get for negotiating with terrorists.

The Reid bill will still come to a vote late tonight at 1 AM EDT.

Up Date 1430 EDT: The Reid bill failed to reach cloture this afternoon it is now back to the drawing board.

Congressional Game of Chicken: “Super Congress”

The bills that have been proposed by Republican and Democratic leadership to raise the debt ceiling putting an an to this wholly manufactured crisis, differ little and both will be devastating to most Americans. One of the commonalities is the creation of a bipartisan commission of 12 that on first glance seems innocuous but on looking closer, it is quite toxic and may even be unconstitutional. This “super committee” will be equally comprised of Democrats and Republicans members of congress. Who and how they will be selected is unclear but considering the current corporate owned, deficit hawk nature of both sides, I suspect it will be their worst conservative “cut spending/no revenue ghouls”.

At first glance, this sounds like the President’s Deficit Commission that couldn’t produce recommendations even 14 of the 18 members could agree. The co-chairs, former Sen. Alan Simpson (R-WY) and former Clinton Chief of Staff and South Carolina businessman, Erskine Bowles wrote there own recommendations and ran it up the flagpole. Needless to say President Obama saluted and embraced the draconian principles that it enshrined, such as decimating Medicare and Medicaid and drastic cuts to Social Security. The “Catfood Commission”, however, had no “teeth”, everything that was suggested would have to be passed as a bill. This new commission is another game and will have the force of law behind it.

Ryan Grimm at Huffington Post has the best description of how this “new congress” will function and just how powerful it will be:

Legislation approved by the Super Congress — which some on Capitol Hill are calling the “super committee” — would then be fast-tracked through both chambers, where it couldn’t be amended by simple, regular lawmakers, who’d have the ability only to cast an up or down vote. With the weight of both leaderships behind it, a product originated by the Super Congress would have a strong chance of moving through the little Congress and quickly becoming law. A Super Congress would be less accountable than the system that exists today, and would find it easier to strip the public of popular benefits. Negotiators are currently considering cutting the mortgage deduction and tax credits for retirement savings, for instance, extremely popular policies that would be difficult to slice up using the traditional legislative process.

House Speaker John Boehner (R-Ohio) has made a Super Congress a central part of his last-minute proposal, multiple news reports and people familiar with his plan say. A picture of Boehner’s proposal began to come into focus Saturday evening: The debt ceiling would be raised for a short-term period and coupled with an equal dollar figure of cuts, somewhere in the vicinity of a trillion dollars over ten years. A second increase in the debt ceiling would be tied to the creation of a Super Congress that would be required to find a minimum amount of spending cuts. Because the elevated panel would need at least one Democratic vote, its plan would presumably include at least some revenue, though if it’s anything like the deals on the table today, it would likely be heavily slanted toward spending cuts.

The tea party Republicans in the House have informed Speaker John Boehner that the commission is totally unacceptable to them. There main objection is they feel it could lead to tax increases. Other critics from the right like Eric Erickson of Red State are opposed mostly because it just ads another costly layer to the bureaucracy that won’t work. From the left, Rep Barney Frank (D-MA) and MoveOn.org expressed concerns that it would cut the big three social safety nets and the idea that it would supersede congress’s parliamentary power.

The ratings agencies have said that the Boehner bill will result in a ratings downgrade since it only raised the debt ceiling by $1 trillion which will require another cap raise in 5 months, creating uncertainty in the bond market. The White House has embraced the Reid version which would move the need raising the ceiling again past 2012 which is more acceptable to the ratings agencies who think the ceiling should just be removed entirely.

This is going to the wire with both sides deadlocked and hamstrung by a small loud and incredibly stupid minority and ineffective leaderchip on both sides.

Congressional Game of Chicken: To The Right of the Right

The rumors and leaks are really coming fast and furious and it looks like Obama ready to sell out any Democratic principles that were left. From Jon Walker at FDL Action:

Reports circulate that President Obama may agree to a massive all cuts debt ceiling package, creating a lot of anger and a sense of betrayal because Obama will fold on his demand that any debt ceiling package contain at least a small amount of new revenue. I can’t understand the amount of anger though because from the moment Obama made this his bizarre line in the sand, chances were he would break his word. Demanding what was basically a symbolic level of loophole closing is such a small and silly hill of sand to fight over, and there was no way Obama was actually going to die on it.

snip

Even the idea that the only thing Obama would go to the mat on here is a symbolic tax increase is almost comical, given his history of not fighting to raise taxes. Obama promised to let the Bush tax cuts for the wealthy expire, but when it came down do it, he let it slide. In fact, the deal he made to extend them actually included more tax cuts. And now reports are Obama is searching for a way to avoid having this tax fight again in 2012.

It is bizarre to have Obama basically saying “I will “give in” on Social Security cuts but only to achieve my goal of changing how corporations deduct the purchase of a jet.” It just defies credulity to think a small amount of new revenue was ever really his line in the sand.

I’m not surprised Obama broke his word to his supporters again. But I am surprised he would choose to stick his flag on such a small pile of sand knowing he’ll give it up  in the end. I’m also surprised anyone takes Obama’s stances seriously anymore.

It gets worse:

That framework includes spending cuts, plus entitlement changes and increased tax revenues (as part of a tax overhaul) that would come later. But there are two big hurdles left: 1) on the substance, and 2) on soothing egos. On the substance, the most contentious matter is how you “trigger” the provisions to guarantee completing tax and entitlement reform. The Democrats have offered a trigger of letting the Bush tax cuts expire for those making $250,000 or more. Republicans, meanwhile, have countered that if those Bush tax cuts are hanging in the balance, they’d offer a trigger of their own to ensure Dem action: scaling back Obama’s health-care law and eliminating the mandate. Bottom line: If entitlement and tax reform is completed on time, then the Bush tax cuts and the health-care law don’t get touched. Also on the substance front, we’re hearing that there’s yet to be an agreement on the scope of the entitlement changes. And never mind the actual individual cuts on the discretionary side. Details, details. The K Street Army is gathering forces if this deal goes through because we haven’t seen this much change in the way government spends and gathers money in a generation.

The rumors of this far right wing deal by Obama and Boehner was leaked just as the Senate Democratic leadership was sitting down with White House budget director Jacob J. Lew, setting off a very contentious meeting. After leaving the meeting Lew said that he “not aware of a deal”. Senate Majority leader Harry Reid (D-NV) stated, “There has to be a balance. There has to be some revenue and cuts. My caucus agrees with that. I hope that the president sticks with that.” Sen Diane Feinstein bluntly said “no” when asked if she and the White House were on the “same page”.

Obama is even losing the Blue Dogs. This deal to make drastic cuts in our safety net in exchange for a promise of negotiating tax increases later just isn’t working for either House or Senate Democrats and will sink Obama’s reelection.

At a town hall meeting in College Park, MD, President Obama said he would sign on any deal to raise the debt ceiling. It’s a wonder that he has any supporters left.

Secret Sites In Somalia

The Obama Doctrine: Drones, Targeted Killings and Secret Prisons

The Bush Doctrine was that the world was our battlefield-we were at liberty to carry out drone attacks and unlawful interrogations throughout the world. But many Americans may be surprised to discover that far from fading away with the former president, these policies have in fact expanded and intensified under President Obama.

As The Nation’s Jeremy Scahill explained on MSNBC’s Morning Joe today, Obama has succeeded in normalizing and legitimizing these policies that were considered illegal in the extreme only a few years ago. Recounting his recent investigation of increasing CIA involvement in counterterrorism efforts in Somalia, Scahill says we have to decide, “are we a country that operates under the rule of law or do we believe we’re emperors who can wage war on the world?”

Obama contradicts his own executive order that supposedly closed these CIA sites and ended rendition. He is doing it without the same scrutiny or criticism from his supporters, giving him a pass for embracing and expanding the same policies for which we loudly condemned Bush and Cheney. I won’t give these Obama supporters the dignity of calling them the left, because they have gone over to the darkest side of the right.

H/T Naomi Klein via Twitter

Congressional Game of Chicken: McConnell’s Plan: Let Obama Do It

Confused? You aren’t alone. The latest twist in the Rube Goldberg labyrinth of political maneuvering by the GOP to limit Barack Obama to one term has everyone scratching their heads.

Sen. Mitch McConnell’s “contingency plan” to let Obama raise the debt ceiling in a series of steps from now until after the 2012 elections at first glance looks like the greatest deal ever. On closer inspection of the term, may be the deal with the devil and it all depends on who you read, if you can figure out just what it is that’s being offered;

Basically the proposal is this: the deal that allows Republicans to vote no on raising the ceiling, then allows Obama to veto them and each time he must submit imaginary budget cuts which they can refuse to pass.

Got it? Well, neither does anyone else. McConnell seems to think that this will shift the onus of the artificial debt/deficit crisis that the GOP created onto the president. Reactions vary even within the left and the right:

Atrios:

What’s The Big Deal?

I don’t think it matters if they force Obama to come up with spending cut proposals that won’t go anywhere. He can just turn the whole thing into a farce, and do things like proposing to zero out the defense budget in year 10 or other things which obviously won’t happen.

Josh Marshall:

I don’t get why any Dems would see this as an “evil genius” move on McConnell’s part. Unless of course you’re inherently afraid of facing the voters with what you actually think is the best policy for the country (not a hypothetical for many Democrats). My take though is that it’s not evil genius at all. It’s hitting the escape hatch. It looks on the surface like it’s terrible politics for the Democrats but only if you never leave the DC bubble.

Judd Legum:

Senate Minority Leader Mitch McConnell is proposing a new plan that would give the Republicans everything they want – $2.5 trillion in spending cuts – plus 12 new chances to blame Obama for everything.

Steve Benen:

Following up on the last post, the details of Senate Minority Leader Mitch McConnell’s (R-Ky.) contingency plan for the debt ceiling are still coming together. At this point, I’m still not sure what to make of it, except to marvel at its Rube Goldberg complexity.(If Republicans simply took five minutes to pass a clean bill, the way they did seven times in eight years when Bush was in office, it’d save everyone a lot of headaches.)

A couple of things seem clear at this point. The first is that McConnell realized the talks were going nowhere – Democrats would continue to ask Republicans to compromise and the GOP would continue to refuse. That doesn’t only lead to a catastrophic outcome, it also makes Republicans look ridiculous. He needed a safety valve to get out of this – one that wouldn’t need new revenue – and this new plan fits the bill.

The second is that McConnell cares far more about politics and process than policy outcomes. His new scheme is cowardly and kind of pathetic to the extent that it shifts power away from Congress, but it will force a whole lot of votes on the debt, which the Minority Leader hopes will make Democrats feel uncomfortable. If a proposal leads to votes that can be used in attack ads, Mitch McConnell is necessarily pleased. If the proposal allows Republicans to vote against debt ceiling extensions without crashing the economy, he’s even more pleased.

It’s the practical details of the process that I’m still fuzzy on. Greg Sargent reported:

   [A]s McConnell said today, you would need two-thirds of both Houses of Congress to block Obama’s requests for the debt ceiling hikes. If the House and Senate did pass resolutions of disapproval, Obama would presumably veto them – requiring two thirds of both Houses to override the vetoes. […]

   At bottom, McConnell’s proposal is the latest GOP line on the debt ceiling – it’s Obama’s problem, not ours – taken to its logical and legislative conclusion.

Right. When John Boehner said earlier that the entire crisis isn’t his “problem,” the Speaker was probably being literal, or at least aspirational.

The one question I can’t find a solid answer to is what, if anything, would be cut and by how much. The Hill reported the administration would be required to “suggest spending cuts” to accompany three separate requests to raise the debt ceiling, “but would not require such cuts.” Obama could not, under this scenario, recommend new revenue.

If that’s right, then McConnell seems to be blinking awfully hard.

In other words, in this little scenario, President Obama would have to offer proposals for spending cuts, with no corresponding measures to raise revenue. But it also appears that these proposed cuts from the White House need not even be serious – Obama could present plans he doesn’t take especially seriously, with the full expectation that Congress could and probably would reject them.

It would make the process needlessly ugly and stupid, but McConnell’s plan would seem to allow for a debt-ceiling increase with no guarantee of any spending cuts at all. Republicans would get a bunch of chances to grandstand, and rant and rave about Democrats, while putting all of the onus on the White House, but that’s not much. Republicans were going to grandstand, rant, rave, and point fingers anyway.

Digby

The deal is certainly preferable on policy grounds to gutting Social Security, Medicare and Medicaid in a Grand Bargain. But it isn’t clean and it isn’t free. It feels like the death by a thousand cuts instead.

And Redstate where they are apoplectic:

Mitch McConnell is right now talking about making a historic capitulation. So fearful of being blamed for a default, McConnell is proposing a compromise that lets Barack Obama raise the debt ceiling without making any spending cuts at all..

Polling shows Americans are focused on jobs and the economy as priorities and either don’t care or don’t understand the ramifications of this tempest in the DC cesspool. They want the government to focus on creating jobs and, actually, want taxes raised on the wealthy. Truthfully, unless these entrenched egomaniacs don’t start doing what they were elected to do, they should all be on the unemployment lines in January of 2013.

Obama: “Die Quickly”

We are doomed and so are our future generations.

President Obama at today’s (7/11) press conference:

As for Social Security, which he acknowledged is not the source of any deficit problems, he basically said that, as long as we’re doing a big deal, we might as well throw that in. “The reason to include that in this package is, if you’re going to take a bunch of tough votes, you might as well do it now,” Obama said.

Obama Offered To Raise Medicare Eligibility Age As Part Of Grand Debt Deal

by Sam Stein

According to five separate sources with knowledge of negotiations — including both Republicans and Democrats — the president offered an increase in the eligibility age for Medicare, from 65 to 67, in exchange for Republican movement on increasing tax revenues.

The proposal, as discussed, would not go into effect immediately, but rather would be implemented down the road (likely in 2013). The age at which people would be eligible for Medicare benefits would be raised incrementally, not in one fell swoop.

snip

A proposal to raise the eligibility age for Medicare — which was part of a budget plan put forth by Sens. Joseph Lieberman (I-Conn) and Tom Coburn (R-Okla.) — would face steep opposition from within the Democratic Party. The amount of money it would save is also relatively small, as the vast majority of Medicare funding is spent on more elderly populations. The Congressional Budget Office has estimated that if the Medicare eligibility age was increased from 65 to 67, the federal government would save $124.8 billion between 2014 and 2021.

Paul Krugman, Conscience of a Liberal

That’s a truly cruel idea; as it happens, I know several people who are hanging on, postponing needed medical care, hoping that they can make it to 65 before something terrible happens. And if I know such people in my fairly sheltered social circles, just imagine how widespread such stories must be.

But beyond that, think about what it means to move people out of Medicare into private insurance, if they can get it.

Medicare has its problems – but all the evidence says that it is substantially more cost-effective than private insurance. Partly this is because it has lower administrative costs; partly it’s because Medicare is able to use its market power to negotiate lower prices. And the international evidence is overwhelming: single-payer systems are much cheaper than systems centered on private insurance.

So think of this as a national interest thing rather than a budget thing: Lieberman is proposing that we move a substantial number of older Americans into a worse, more expensive health care system. Why would you want to do such a thing, as opposed to raising enough additional revenue to keep them on Medicare?

Where is the outrage?

Obama: Progressives, “Eat Your Peas”

Catfood is made out of peas? Who knew? lambert

This press conference tells us that the austerity crap isn’t some bit of political posturing, it’s a belief. We’re doomed. Atrios

The right wing Republican talking points that were spewed by President Obama at his press conference were so thick that it has left no doubt the president is about to sell out the middle class and poor.

President Obama said Monday that he had “bent over backwards” to forge a compromise with Republicans on a debt limit deal – and that it was time for them to “budge.”

“I am prepared to take on significant heat from my Party to get something done and I expect the other side to be willing to do the same thing,” he said. . . . .

“We have to pull off the Band-aid — to eat our peas,” he said.

I don’t often agree with NYT Columnist Russ Douthat but his analysis of the “madness” cuts to the point:

Barack Obama wants a right-leaning deficit deal.  

The not-so-secret secret is that the White House has given ground on purpose. Just as Republicans want to use the debt ceiling to make the president live with bigger spending cuts than he would otherwise support, Obama’s political team wants to use the leverage provided by those cra-a-a-zy Tea Partiers to make Democrats live with bigger spending cuts than they normally would support. . . .

Why? Because the more conservative-seeming the final deal, the better for the president’s re-election effort. In that environment, Republicans have every incentive to push and keep pushing. Since any deal they cut will be used as an election-year prop in 2012, they need to make sure the president actually earns his budget-cutting bona fides.

The problem is that voters don’t care about the deficit. They care about jobs and the economy. Spending cuts, tax cuts and austerity programs do ot create jobs. Even Ronald Reagan’s budget director, David Stockman, now admits that Reaganomics and the Bush tax cuts are a major cause of the current “debt crisis” and takes Obama and Rep. Paul Ryan to the “woodshed”

“In attacking the Bush tax cuts for the top 2 percent of taxpayers, the president is only incidentally addressing the deficit,” he writes. “Mr. Obama is thus playing the class-war card more aggressively than any Democrat since Franklin D. Roosevelt – surpassing Harry S. Truman or John F. Kennedy when they attacked big business or Lyndon B. Johnson or Jimmy Carter when they posed as champions of the little guy.”

“On the other side,” he continues, “Representative Ryan fails to recognize that we are not in an era of old-time enterprise capitalism in which the gospel of low tax rates and incentives to create wealth might have had relevance.”

Eat your peas, we are doomed.

Obama’s Economic Fallacies

Nobel Prize winning Economist and New York Times columnist Paul Krugman has nailed Barack Obama’s economic polices and his penchant for feeding the right wing economic fallacies, as “the false government-family equivalence, the myth of expansionary austerity, and the confidence fairy” and, as Dr. Krugman points out, Obama did it in two sentences:

Government has to start living within its means, just like families do. We have to cut the spending we can’t afford so we can put the economy on sounder footing, and give our businesses the confidence they need to grow and create jobs.

Dr. Krugman has already debunked both the myths of government-family equivalence and expansionary austerity. Yet the President still thinks that by caving to the right wing Hoover economic policies the economy will get better. This appears to be a signal that he is about to cave to Republicans once again on spending cuts and no new revenue sources that has led will further slow the economy and may spiral the US into a second recession or worse.  

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