HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » TYT: Grand Bargain = Gran...
Introducing Discussionist: A new forum by the creators of DU

Tue Nov 13, 2012, 04:02 PM

TYT: Grand Bargain = Grand Larceny, Grand Lie



Why the Grand Bargain Is One-Sided and Totally Unfair
First of all, let's establish that no one in Washington actually cares about balancing the budget. If they did, they would love this so-called Fiscal Cliff. It raises taxes and cuts spending, so it would massively reduce the deficit. Isn't that what all of Washington has been pretending to care about all of this time?

Second, understand that this so-called compromise they are talking about in order to avoid this supposed calamity is a trick. In fact, it'll be the greatest robbery in American history. Think about it -- they say they are worried about all those tax increases and spending cuts. But that's not true. The Grand Bargain would dramatically increase spending cuts, not alleviate them. So, in fact, the only thing they care about is paying less taxes, as always.

Right now, according to the sequester $1.2 trillion in spending cuts are set to take place if nothing happens. Half of that would come from defense. Of course, this is the real problem because there's no way the defense contractors are going to allow that. Whenever people in Washington complain about spending cuts they mean spending cuts that would affect defense contractors. They want to massively increase spending cuts everywhere else in the budget.

President Obama has proposed that the Grand Bargain include $4 trillion in savings. He has said over and over again that the ratio would be $3 in spending cuts to $1 in tax increases. This is before his legendarily disastrous negotiating begins. So, let's do some quick math. According to the president's own plan that would be $3 trillion in spending cuts, which is significantly higher than the current plan of $1.2 trillion in spending cuts.

--snip--


Much more at the link!

It's going to be A Lesson to watch about half of everyone here climb on the tracks and pray for the train to come. News: The train's coming nomatter what.

PB

7 replies, 693 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 7 replies Author Time Post
Reply TYT: Grand Bargain = Grand Larceny, Grand Lie (Original post)
Poll_Blind Nov 2012 OP
Poll_Blind Nov 2012 #1
HereSince1628 Nov 2012 #2
nc4bo Nov 2012 #3
WorseBeforeBetter Nov 2012 #4
HiPointDem Nov 2012 #5
HiPointDem Nov 2012 #7
Prana69 Nov 2012 #6

Response to Poll_Blind (Original post)

Tue Nov 13, 2012, 04:05 PM

1. If Dems won the election, why is ANYONE talking about a 3:1 ratio of spending cuts/tax increases?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Poll_Blind (Reply #1)

Tue Nov 13, 2012, 04:13 PM

2. Because in DC a 3:1 ratio against the poor and needy is a favorable 'balance'

Moreover...the election is over, and they are pragmatists who recognize that for practical purposes they don't need us for 2 more years, right?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Poll_Blind (Original post)

Tue Nov 13, 2012, 04:19 PM

3. No bargain, grand or otherwise. Just hell no.

Who won the election anyway?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Poll_Blind (Original post)

Tue Nov 13, 2012, 04:43 PM

4. "This is before his legendarily disastrous negotiating begins"

Well, that's reassuring!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Poll_Blind (Original post)

Tue Nov 13, 2012, 05:34 PM

5. kr

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to HiPointDem (Reply #5)

Thu Nov 15, 2012, 03:21 AM

7. and again

 

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Poll_Blind (Original post)

Thu Nov 15, 2012, 12:53 AM

6. Damn! Your flavour of truth hurts so bad, Cenk. n/t

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread