So Reid says the super committee must have new revenues.Not much to add to that. This arrangement would work if Dems had the stones to follow through on their threats. They don't. They NEVER do. So Republicans need not fear.
Reid says the tea party's influence on the process has been "unfair to the American people." "The American people are not impressed by the no new revenue...because the richest of the rich have contributed nothing...the burden [in the deal] is on the middle-class." Says the Bush tax cuts did not help the economy. But says we do need to cut spending, and says the Super Congress will force action, and that the Super Congress must include revenue. "We need a fair approach to this committee." "The only way we can arrive at a fair arrangement for the American people is to have equal sharing." He says revenue must match spending cuts (which I think is an absolute minimum standard). "It has to be equal. There has to be spending cuts...and revenue that matches that."Boehner and McConnell say it won't. Limbaugh and Norquist won't let them.
So then what? Automatic cuts to discretionary spending and the defense budget.
But the GOP won't fret over those defense cuts. Because all they have to do is pass separate legislation refunding the Pentagon and Senate Dems (either too scared or too compromised) will cave on that and what will Obama do? Veto spending "for the troops"?
Tuesday, August 02, 2011
Neither New Taxes Nor Pentagon Cuts
So says Kos, and I buy it.
Posted by Demosthenes at 3:16 PM