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apnu Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 12:11 PM
Original message
Top Senate Democrat lays out deficit curbs
Source: AP

WASHINGTON (AP) The top Senate Democrat is proposing tough budget rules to make it harder to run up the U.S. government deficit with new tax cuts or expansions of federal benefit programs.

If approved, the plan by Majority Leader Harry Reid would have an almost immediate impact on Congress' free-spending ways by requiring spending cuts or revenue increases to pay for new spending.

In the near term, Reid's "pay-as-you-go" plan would make it difficult to pass an extension next month of emergency unemployment benefits and health insurance subsidies for laid-off workers.

Under the pay-as-you-go concept, program cuts or revenue increases would be required to cover the cost of any new policies or programs. That means, for example, the tens of billions of dollars it would take to extend unemployment benefits beyond the six months regularly permitted would have to be "paid for" with tax hikes or cuts to other benefit programs.

Read more: http://www.usatoday.com/news/washington/2010-01-25-reid...
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n2doc Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 12:14 PM
Response to Original message
1. And so it begins
Screw the least and hardest hit so Congress can feel good about itself. You know this ain't gonna apply to Defense....
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 12:17 PM
Response to Original message
2. Worried about the deficit Harry?
Raise taxes on the wealthy back to the Reagan level.

Problem solved.

Why hurt the poor just to allow the rich to continue padding their bank accounts?

Wheres that "shared sacrifice" Obama campaigned on?
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apnu Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 12:22 PM
Response to Reply #2
3. I love this idea, especially if they bill it as the Regan tax hike.
Have Obama trot out the tax hike on the wealthy and remind everybody, every time, that all we're doing is putting things back to the level of the Gipper and watch the GOP freak out commence. Get the popcorn!
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MuseRider Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 12:27 PM
Response to Reply #3
4. I love it too
Edited on Mon Jan-25-10 12:28 PM by MuseRider
but it might make the Republicans angry and really, it would mean increasing their taxes. Unfortunately that seems to be the controlling factors these days, those and re-election of course.

Edit to add, I really do like this idea. It is perfect.
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atreides1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 12:41 PM
Response to Reply #2
5. No he's not, but it makes him look good to the voters in Nevada.


Why hurt the poor just to allow the rich to continue padding their bank accounts?

Because Harry and most of his fellow Senators are part of that group of rich citizens padding their bank accounts. Does the name Senator Feinstein ring a bell?


Wheres that Wheres that "shared sacrifice" Obama campaigned on? Obama campaigned on?

Did he actually specify who was supposed to take part in that "shared sacrifice"?
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 12:47 PM
Response to Reply #5
6. It looks like Obama's shared sacrifice was the poor sacrifice
and the wealthy share the spoils.
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Jefferson23 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 12:54 PM
Response to Original message
7. Do something about NAFTA and tax the fucking crap out of wealthy individuals already.
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AzDar Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 01:24 PM
Response to Original message
8. Harry Reid Sucks.
:patriot:
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Edweird Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 01:47 PM
Response to Original message
9. "expansions of federal benefit programs" Translation - we are doing our best to fight Single Payer.
Assholes.
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Florida Blue Donating Member (94 posts) Send PM | Profile | Ignore Mon Jan-25-10 01:49 PM
Response to Original message
10. Looks like Harry is campaigning for reelection.
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high density Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:00 PM
Response to Original message
11. So the Democrats are going to choke themselves
And then Repukes will come back in and repeat exactly what they did under Bush.
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apnu Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 05:01 PM
Response to Reply #11
14. I hope you aren't surprised.
The one thing you can trust, in today's politics, is a Democratic Party that will shoot itself in the foot at the first opportunity. Just as you can trust the Republican party to get tossed out of power by their own rampant hypocrisy. (... and sexual deviancy... diapers, bathroom stalls, pages oh my!)
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dmosh42 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 02:08 PM
Response to Original message
12. But it will be ok to keep the tax cuts for wealthy citizens! N/t
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kirby Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 03:41 PM
Response to Original message
13. Lemme guess...Iraq/Afghanistan spending is exempt? n/t
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kirby Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-27-10 03:33 PM
Response to Reply #13
17. I guessed correctly n/t
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Flaneur Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 05:02 PM
Response to Original message
15. Start with the Pentagon and the CIA black budget.
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apnu Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-25-10 05:10 PM
Response to Reply #15
16. Shit, do that and we can stop there!
And have enough cash left over to provide free lunches for all school kids... with ice cream for desert!
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