In case you weren’t paying attention during the debate about the extension of the Bush tax cuts last year, members of Congress are again working on a deal to clearly show there is no such thing as a deficit hawk. From Politico:
House Majority Leader Eric Cantor is quietly working both sides of the Capitol to build support for a plan to rework automatic spending cuts and combine the proposal with a wide range of critical year-end tax and spending measures.
What it amounts to is a major year-end pitch: Democrats and President Barack Obama would get their much sought-after payroll tax cut extension and jobless benefits, while Republicans would tweak the Pentagon cuts that defense hawks hate.
So the second ranking Republican in the House is working on a deal where the deficit increasing payroll tax holiday, instead of being fully paid for like the Democrats first suggested, is going to be traded in exchange for even more useless military deficit spending. The GOP is actually suggesting they undo the deficit reduction agreement they were able to win only a few months ago to make it easier to expand the deficit.
This is very much like when Congress couldn’t decide to extend some of the deficit-exploding Bush tax cuts or all of the deficit-exploding Bush tax cuts, so their solution was to extend them all plus a whole grab bag of even more deficit increasing provisions.
Since I think Congress’ obsession with the deficit is idiotic at this time, I’m not really disappointed that the so called “deficit hawks” don’t ever live up to their “the deficit is the worst thing ever that will destroy America” rhetoric. All that upsets me is that that media still pretends these people care about the deficit.
It has become abundantly clear that these deficit hawks only “care” about the deficit unless: it means raising taxes on the rich, stop spending money on unnecessary defense contracts, ending corporate welfare programs, closing loopholes, ending wars, expanding money-saving government programs, reforming drug policy, improving IP law, eliminating some of our absurd security theater, stopping farm subsidies, imposing All-Payer for health care, etc… basically everything but taking stuff away from the poor or the working class people.





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Best to think of deficit hawkishness as but one arrow in the R quiver to unseat Obama.
I don’t have any problem believing that there are no deficit hawks, but I think you misunderstood Cantor’s pitch. The payroll tax would still be offset. And the trigger would be “reworked” with the same amount of deficit reduction, just not coming out of the Pentagon budget. With regards to the deficit nothing really changes.
Let Barry veto that.
Just want to remind readers again of the FACT that there is in place, right now, a deficit reduction package that reduces the deficit by over $6 trillion, more than either party sought in their proposals.
And it does this in an almost progressive way by raising taxes mostly on the rich and cutting the Pentagon deeply. Sounds great, right? Well, that’s current law. Right now.
So, if that’s what the Democrats really wanted, then all they have to do is… nothing. The only way it won’t happen this way is if THE DEMOCRATS CHOOSE to join the Republicans and change the law.
So, my question to all you Democratic Party defenders out there, how are you going to spin this one??? Yet another piece of smoking gun evidence that the Democratic Party doesn’t support progressive ways of cutting the deficity much like the Republicans don’t. Yet many of you will STILL claim the Democrats are… what???? How will you spin this one???
Curious minds and all that…
x2
Well said!
I think Congress
’ obsession with the deficitis idiotic…We can agree on that. If they were genuinely concerned about the long-term deficit problem, the solution is simple — let the Bush-Obama Tax Cuts For The Rich Expire, and add a millionaire’s tax.
“So, if that’s what the Democrats really wanted, then all they have to do is… nothing.”
——”Therein lies the rub.”
Most certainly the democrats are quite capable of doing nothing. OTOH, that is what the republicans are famous for. Democrats, recently, have become famous for trying to do something “good”, but screwing it up, and ending up with either nothing or something really bad in its place, usually something the republicans wanted in the first place.
THIS is gonna be very intersting. Cantor and his “ilk” notwithstanding, the democrats seem, to me, only capable of “screwing the pooch” here. And only time will tell if they do.
I’ve come to believe that “the Deficit” is just another TARP. Iraq War, 911 Shock Doctrine type thing to finally end Social Security and part of my evidence are these “payroll tax holidays” which will never end either until the government can legitimately say….”it really IS broke now”
And nobody will have any retirement from anywhere.
It’s just like abortion rights: chip, chip chipping away until they’re completely gone
Afghan President Hamid Karzai has pardoned a rape victim who was jailed for adultery, after she apparently agreed to marry her attacker.
If Dems let Cantor run with this, they are nuts. The whole country hates the stupid SOB.
I’d love to put Donald Segretti on the “Cantor matter”.
OT of deficits, but speaking of the military… this quote gave me a chuckle:
Considering that the al-Qaida flag flies over Libya, have Obama’s lawyers actually thought through the logic of their argument??
Muslim Brotherhood will control Egypt – and has influence in how many other countries?
Hez and Hamas are also going or have gone we are only a social service group – with guns and rockets to kill innocents.
The Pak situation has near 50% of the government folks that have guns supporting al-Qaida or the Taliban or both.
Meanwhile around the world our CIA wastes time and money – and ethical cred – by supporting the killing of Priests that support opposition to mining and drilling via the friends of the CIA’s support for company militias and governments that support those companies as in Peru.
Yet we can’t cut the intel/military budget? Crazy.