Tag Archives: deficit

When you say self-serving, you’ve said it all!

From NBC News:

Sen. John McCain, R-Ariz., threw his support behind the Republican tax plan Thursday, boosting the bill’s chances of passage.

McCain said that while the Senate bill is “far from perfect,” he believes it will “enhance American competitiveness, boost the economy and provide long overdue tax relief for middle class families.”

The Maverick added, “But my wife Cindy inherited a Budweiser fortune, so fuck all that shit about working together and gimme those tax cuts!!”

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Filed under Advertising, Charles Schumer, Democrats, John McCain, parody, politics, Republicans, satire, snark, Wordpress Political Blogs

Rub-A-Dub-Dub, Two Schlubs in a Tub

From the guardian:

[Grover] Norquist holds no elected office but is one of the most powerful figures in Washington, head of a lobbying and activist group Americans for Tax Reform. Democrats blame him for the impasse over deficit reduction.

The Democratic senator and former presidential candidate John Kerry described him as the “13th member” of the 12-member congressional super-committee given the task of drawing up a plan to reduce the country’s $15tn national deficit.

Kerry and other Democrats complained that Norquist’s name was repeatedly invoked by the Republicans, and the word “pledge” came up over and over again.

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I Pledge a Grievance to the Flag and the United States of America

From THE HILL:

Congressional leaders have until Aug. 16 to name the 12 members of the newly created “supercommittee” to deal with reducing the deficit, but special interest groups are wasting no time in pushing their choices for the panel.

The debt-ceiling-increase legislation enacted Tuesday created a bicameral, joint committee of 12 legislators charged with finding at least $1.2 trillion in deficit cuts by Nov. 23.

…snip..

Failure to come up with a plan will result in deep automatic defense and Medicare cuts.

One wrong pick, lobbyists on the right and left said Wednesday, could swing the panel toward a terrible compromise. So they are not taking chances.

These sources are already urging leaders to pick top lieutenants who will stick to party positions — no entitlement cuts for Democrats and no tax increases for Republicans.

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Filed under Congress, Democrats, humor, Joe Biden, John Boehner, Mike Crapo, Mitch McConnell, movies, Nancy Pelosi, Orrin Hatch, parody, politics, Republicans, Senate, snark, Tom Coburn, Wordpress Political Blogs

Turtle Whacks

From TALKING POINTS MEMO:

Senate Minority Leader Mitch McConnell (R-KY) has proposed creating an escape hatch for Congressional Republicans, who have put themselves in a box by threatening not to raise the national debt limit if Democrats don’t agree to trillions of dollars in cuts to popular social programs.

The plan is designed to give President Obama the power to raise the debt limit on his own through the end of his first term, but to force Democrats to take a series of votes on the debt limit in the months leading up to the election. This would stave off the threat of defaulting on national obligations, but keep the charged issues of debt and spending at the center of political debate for months.

The development confirms suspicions that the GOP was unwilling to truly use the looming debt ceiling as leverage to force conservative-friendly changes to popular entitlement programs, but suggests strongly that Republicans plan to continue politicking on fiscal issues through the 2012 elections.

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Filed under Barack Obama, Congress, Democrats, Harry Reid, humor, John Boehner, Mitch McConnell, movies, parody, politics, Republicans, Senate, snark, Wordpress Political Blogs

Rethugs are just puppets of Americans for Tax Reform

From POLITICAL HOTSHEET at CBS NEWS:

Vice President Joe Biden’s deficit reduction talks imploded today after the only two Republicans involved in the negotiations announced they are halting their participation because of their objections to Democratic demands for “tax increases.”

Democrats meanwhile, suggested Republicans are “playing with fire” by holding up a vote on raising the debt ceiling.

House Majority Leader Eric Cantor announced this morning that he would skip today’s scheduled meeting because “Democrats continue to insist that any deal must include tax increases.”

Subsequently, Republican Sen. Jon Kyl of Arizona announced he was pulling out of the negotiations.

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The Oily Show

From TALKING POINTS MEMO:

Democrats are pushing hard on ending tax breaks for oil companies, linking the issue to the deficit and high gas prices, which have boosted profits in the industry to new heights.

In a floor speech on Tuesday, Majority Leader Harry Reid (D-NV) said the Senate would target $4 billion in benefits for oil companies with the intention of using the savings to help address the nation’s growing debt.

“If we’re serious about reducing the deficit, this is an easy place to start,” Reid said. “It’s a no-brainer. Let’s use the savings from these taxpayer giveaways to drive down the deficit, not drive up oil company profits.”

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Blue Dogs Barking

From Robert Reich:

Republicans figure that if they can’t sell the pig, they’ll just put lipstick on it and find some suckers who will think it’s something else.

That’s the proposal emerging in the Senate from Republican Bob Corker of Tennessee and also Democrat Claire McCaskill of Missouri.

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