I just got done with security duty, which is done in 2 hour shifts here. I’m sort of sleepy, but the media tent is so much warmer than my tent, which leaks.
Today was spent as a sort of rainy, lazy day around camp. As lazy as you can be here, that is. The thing about living in an environment like…
WTF - If You Haven’t Noticed Already: The Republicans Are Hell Bent On Destroying America - Um, Isn’t That Called Treason? Which Is Punishable By Death
Rep. Jeb Hensarling (R-TX), a co-chair of the congressional supercommittee tasked with crafting a $1.5 trillion deficit reduction package, suggested that he would reject “any penny” of further tax increases in the deal currently being negotiated. Republicans on the committee so far have only offered $300 billion in revenue-increases in the form of eliminating tax deductions. Even with revenues at a 60 year low, Hensarling, who was speaking with CNBC’s Larry Kudlow, bristled at increasing static revenues (meaning he only wants revenue increases that come due to economic expansion):
HENSARLING: But listen, any penny of increased static revenue is a step in the wrong direction. We can only balance that with pro-growth reforms, and frankly the Democrats have never agreed to that. So I don’t know how many times I can tell you, that agreement’s not going to happen.
E. J. Dionne writes:
Here is a surefire way to cut $7.1 trillion from the deficit over the next decade. Do nothing. That’s right. If Congress simply fails to act between now and Jan. 1, 2013, the tax cuts passed under President George W. Bush expire, $1.2 trillion in additional budget cuts go through under the terms of last summer’s debt-ceiling deal, and a variety of other tax cuts also go away. …
Because the bulk of the $7.1 trillion comes from automatic revenue increases, the power in future negotiations would shift toward those seeking a balance between cuts and taxes. Doing nothing is not an option when it comes to job creation. Congress still needs to act. But on the deficit, inaction now could lead to wiser action later.
Group of millionaires storms Congress and demands tax increases on wealthy
Is the super committee listening? Story here.
Super Committee live in nuthouse. When doctrines & politics become more important than country, we’re in deep shit. http://ping.fm/wM7yP
Super Committee is in Super Trouble: Former U.S. Secretary of Labor Robert Reich draws a cartoon.
Courtesy of Karenmoveon.
