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Fiscal cliff: Major
progress toward deal

Politico, by John Bresnahan*

Original Article

Posted By:Dreadnought, 12/31/2012 10:44:57 AM

Senate Minority Leader Mitch McConnell (R-Ky.) and Vice President Joe Biden engaged in furious overnight negotiations to avert the fiscal cliff and made major progress toward a year-end tax deal, giving sudden hope to high-stakes talks that had been on the brink of collapse, according to sources familiar with the discussion. McConnell and Biden, who served in the Senate together for 23 years, are closing in on an agreement that would hike tax rates for families who earn more than $450,000, and individuals who make more than $400,000, according to sources familiar with talks. That would mark

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w/MANU RAJU and JAKE SHERMAN

      


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Reply 1 - Posted by: lakerman1, 12/31/2012 10:54:34 AM     (No. 9091401)

The kenyan klown, over his head and lazy as usual, sends the delaware dunce to negotiate.
Pretty sad.

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Reply 2 - Posted by: Country Boy, 12/31/2012 10:55:28 AM     (No. 9091403)

That fix will fix ... nothing.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: hardhead, 12/31/2012 10:59:33 AM     (No. 9091412)

You would have to be naive to believe there will be no 11th hour deal. All sound and fury signifying nothing. Our descent into uncharted territory will continue.

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Reply 4 - Posted by: snowoutlaw, 12/31/2012 11:03:36 AM     (No. 9091415)

How do you hold negotiations without the negotiators? No House members or the liar in Chief envolved last night then how can they be serious?

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Reply 5 - Posted by: Ida Lou Pino, 12/31/2012 11:05:48 AM     (No. 9091419)

Ho-hum.

There has never been a doubt that the Pubbies would cave - - and raise taxes without any spending cuts.

Did anyone here expect anything different to happen?

NEXT!

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Reply 6 - Posted by: franq, 12/31/2012 11:11:12 AM     (No. 9091423)

I can hardly contain myself. I shall remain glued to the telly the remainder of the day.

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Reply 7 - Posted by: Rakasha, 12/31/2012 11:11:32 AM     (No. 9091425)

McConnell and Biden, who served in the Senate together for 23 years...

23 Years. Why?!?

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Reply 8 - Posted by: Pearson365, 12/31/2012 11:13:18 AM     (No. 9091426)

Objective for Obama is to reach a deal that, in order of importance, allows him:

A. Preen in front of cameras at 40 pm on how "I saved the middle class by forcing the rich to pay someone else´s share."

B. Provide NBC, ABC and CNN enough video to run his 8 minute, no questions permitted comments for next 72 hours, scrolling headlines "Obama removes fiscal cliff threat for 2013", "Obama keeps promise of ´fairness´ in deal" and "Obama resolves partisan divide with his successful cliff negotiations"

C. Give news media opportunity to run stories on a defeated Boehner, a chastened GOP and a defunct Tea Party. Boehner will be shown in or near tears as he admits to higher tax rates on the job creators.

D. Permit Obama to depart Andrews AFB at 50 pm to continue his well-deserved but interrupted vacation with his wife and children. Media won´t mention presence of Reggie Love aboard the 747 or play Eight Miles High as background music.




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Reply 9 - Posted by: jfodoch, 12/31/2012 11:28:30 AM     (No. 9091466)

I don´t want a DEAL -- I want spending cuts (and NOT cuts in the rate of increase of the spending)!!!

Then we can talk ...

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Reply 10 - Posted by: WhamDBambam, 12/31/2012 11:28:48 AM     (No. 9091467)

I´m not sure that Politico´s "major progress" is the same thing I consider major progress to be.

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Reply 11 - Posted by: Salt5792, 12/31/2012 11:34:42 AM     (No. 9091490)

SS COLAs should be abandoned completely. Any future increases should be subject to an up or down vote in Congress.

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Reply 12 - Posted by: retcpo, 12/31/2012 11:39:27 AM     (No. 9091501)

Nobody in the media, and I mean nobody, is saying word one about the additional 3.8% Obamacare tax that is being put on those making $250K per year.

That is in addition to the 4.6% "Clinton tax" that will be imposed on Jan 1st.

If this class warfare "Whack-O-Mole" keeps up it will result in ever lowering income targets to feed the growing greed and eating the seed corn of the nation.

It would be impossible to house the mentally ill of this country, it is close to the majority.

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B-G1


 
Reply 13 - Posted by: Mr. Hanky, 12/31/2012 11:42:39 AM     (No. 9091510)

Useless, meaningless and stupid. It´s not a revenue problem, it´s a spending problem.

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Reply 14 - Posted by: andyboy, 12/31/2012 11:53:46 AM     (No. 9091536)

No spending cuts in this "deal", just tax increases. The GOP caves once again, and the US heads toward the REAL fiscal cliff -- bankruptcy and a worthless US Dollar.

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Reply 15 - Posted by: veritas, 12/31/2012 11:57:34 AM     (No. 9091546)

1. Every story on the "fiscal cliff" should start with a clear statement that: a. it´s entirely an artificial problem; and b. Congress and Obama set it up intentionally. The absurd premise was that gosh, our "leaders" would never let us get anywhere near the edge of the "cliff." Hah.

I think I´ve only heard one story mention that fact over the past many weeks.

2. The practical problem isn´t a tax rate that´s "not fair" or "too low on billionaires." The problem is fire-hose spending and unlimited borrowing.

3. The at-bottom problem is that all along, a "deal" has been seen as, presented as, and accepted unquestioningly by media morons as having some innate value. It does not! We need Representatives and Senators [and voters!] who understand that what matters is making choices, and setting policies, solidly-grounded in right principles. And from there, we could launch into quite a long essay.

4. #7: Easy. Name-recognition and crony-organizations [like unions] contribute a lot to an insane 90%-plus re-election rate for these crooks. Voters [even many otherwise-smart ones here] simply fail to realize we already have "term-limits" in our hands at the next election. Use them. Don´t wait for "pie in the sky by-and-by," because we need remedies much sooner than "someday."

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Reply 16 - Posted by: dman, 12/31/2012 12:11:07 PM     (No. 9091574)

If our economic future depends on McConnell and Biden, W.A.S.S.

Screw them. Let´s go over the mythical cliff and get serious about the debt.

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Reply 17 - Posted by: Sfacheem, 12/31/2012 12:17:49 PM     (No. 9091584)

A "deal" with the Democrats = cave-in by Republicans. There is no such thing as a deal.

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Reply 18 - Posted by: noproblems, 12/31/2012 2:00:17 PM     (No. 9091754)

as long as the spending cuts that were agreed to last time stay in place, then this is good news. 0bama can own the economy, and the Repugs will have a moral foundation to require additional spending cuts to raise the debt limits.

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