General Discussion
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The President will not permit us to go "over the cliff".
He will make a deal. Some will call it a "big fold".
But, do not be surprised if the "Bush tax cuts" are extended once again, in an agreement with the Repubs not to block the debt limit vote in two or three months.
He sees no other options.
(This is just my opinion. I have no inside information)
SammyWinstonJack
(44,129 posts)L0oniX
(31,493 posts)so the Dems can offer a tax reduction bill for those making under 100k. Watch the repukes explode when that happens! Oh and what will happen in 2014 if they do obstruct a tax reduction bill.
kentuck
(110,950 posts)From my perspective.
TwilightGardener
(46,416 posts)moment.
upaloopa
(11,417 posts)to make a deal after the tea baggers handed him his hat yesterday.
morningfog
(18,115 posts)I wouldn't be surprised to see them extended again.
Chan790
(20,176 posts)and the president will not be the only one making one.
Yesterday's "Plan B" vote showed that the only way Boehner can get anything out of the House at-all, let alone something that the Senate or President will sign-off on will be to build a voting bloc of non-crazy Republicans and most of the Democrats. That proposal is certainly one that will be viewed here as a "fold" because we will not get everything we want...but it's a substantially better deal than we will be able to get even in the new Congress.
I'd not be surprised if there were another extension of the tax cuts (or some portion above $250K) in the deal, but there would be substantial Republican "blood on the table" in exchange. I won't be happy about it but I might be able to live with it.
kentuck
(110,950 posts)This is what they wanted all along.
Chan790
(20,176 posts)Not the other way around. There will be GOP blood on the table because if you were the President, Reid or Pelosi...would you compromise to a bill that didn't force major GOP concessions and the slaughter of their sacred cows in exchange for those tax-breaks? Me, I'd demand federal funds for everything the GOP has vowed to not fund...and I'd ask for stimulus...and I'd ask for substantial (but smaller than sequestration) surgical military cuts.
It's also "blood on the table" because yesterday's vote can be taken as a straw-poll on Boehner and it looks like he won't be keeping the Speakership unless he can pull a deal from his ass at the same time he takes his intra-party insurgency to the woodshed.
kentuck
(110,950 posts)So where is the blood?
Chan790
(20,176 posts)he couldn't get Plan B passed and that was everything the GOP wanted and nothing they didn't.
But assuming that were true, do you think the President and Senate would do that without Boehner putting GOP key-issues on the table? I don't.
Nor do I have to know what the blood on the table is...I just know it'll have to be there.
kentuck
(110,950 posts)They did not want taxes to go up on anyone, not even the billionaires. If the Bush tax cuts were to be extended once again, they would jump on it like a chicken on a June bug.
Barack_America
(28,876 posts)kentuck
(110,950 posts)end of problem.
Barack_America
(28,876 posts)Especially if SS is part of the deal. Voting for that would make them extraordinarily vulnerable.
kentuck
(110,950 posts)It will be simple and clean. Extend the Bush tax cuts and Repubs promise not to block debt limit vote. That is all.
aint_no_life_nowhere
(21,925 posts)It would against virtually every promise Obama made during the campaign. Why not go over the cliff? After all, the pre-Bush era taxes rates didn't destroy the country. My feeling is that the fiscal cliff will turn into a dud, as big a dud as the speculated 2012 doomsday.
kentuck
(110,950 posts)I don't think that is the way the President thinks and that is not the advice he is getting. Personally, I think we would all be better if there was no deal.