On supercommittee, growing doubts about reaching a debt deal
Now, yes there are doubts. And I doubt there going to get it done, whereupon Wall Street will tank, and approximately $1 trillion dollars in paper losses later, the idiots in Congress (meaning the GOP) are going to look up from the damage of the catastrophe and ask, "Whuh the f*** happened, Vern?" Well, one of the main problems is the no-win attitude exuding like slime from think- (using that word VERY loosely) tanks like the Cato Institute of GOP Brainless Pundits. So, I ask, regarding the following, THIS is BAD?
Conservative analysts were stunned by the GOP decision to retreat from its hard-line stance against raising taxes above current levels. “I actually think the Republicans appear to be caving,” said Michael Tanner, a senior fellow at the Cato Institute. “There’s more of a likelihood of a deal today than there was a week ago.”Because he's a partisan think-tank hack, Tanner uses the word "caving". I think there's a better phrase that can be used: "coming to a sensible bargaining position". So let's see how that sounds now:
Conservative analysts were stunned by the GOP decision to retreat from its hard-line stance against raising taxes above current levels. "I actually think the Republicans appear to be coming to a sensible bargaining position," said Michael Tanner, a senior fellow at the Cato Institute. "There's more of a likelihood of a deal today than there was a week ago."See how much better that sounds? It even sounds good FOR THE REPUBLICANS. Now, I obviously have no love for the Republican horde in Congress, but coming to a deal is good for all of us, including them, much as I would hate for anything to help them. Next:
"The GOP offer would reduce many lucrative tax breaks for upper-income households. But it would dedicate only a small portion of the proceeds to deficit reduction. In that regard, Robert Greenstein and Jim Horney of the left-leaning Center on Budget and Policy Priorities argue that the GOP plan “appears designed to heighten the chances” that future rounds of deficit reduction “will focus almost entirely on spending cuts” — ultimately forcing lawmakers to decimate Medicare and Social Security."And that would very likely be BAD for Republicans. I am so torn.