White House sees promise in revisiting elements of ‘grand bargain’ on taxes, spending - Basketball Forum : Professional and College Basketball Forums

**Prince** · 01-05-2013, 10:01 AM

Quote:

The White House is eyeing a return to elements of a “grand bargain” it tried to reach late last year with House Speaker John A. Boehner (R-Ohio) as perhaps the best hope of defusing a fresh threat to the U.S. economy in just two months, according to people familiar with the discussions.

As planning begins for the next phase of Washington’s fiscal wars, attention is turning to a strategy for avoiding deep automatic cuts to domestic and defense spending and averting a government default — which could all hit at the same moment.

Democratic and Republican officials say they could build on the grand bargain talks, which looked at raising new revenue through an overhaul of the tax code and reducing spending, including on Medicare, Social Security and other entitlement programs.

As in the earlier negotiations, however, there remain sticking points. How much new tax revenue would Republicans accept, especially now that tax rates on the wealthy are already climbing under the “fiscal cliff” agreement? And how far will President Obama go in meeting the GOP demand for deep spending cuts?

Obama and Boehner came tantalizingly close last month to a broad deal aimed at stabilizing the federal debt. But the speaker abandoned the talks, saying that the White House offer was too heavy on taxes and too light on spending cuts. Instead, Democrats and Republicans reached a far more modest agreement to avoid the fiscal cliff.

Republicans say they have a stronger hand in the new negotiations because of the federal government’s pressing need to increase its $16.4 trillion borrowing limit. The government hit the debt ceiling this week, and the Treasury Department warns it will be unable to pay its bills in about two months unless it can borrow more. Congressional Republicans say they will not vote to raise the debt ceiling unless there is a deal to make steep spending cuts.

White House officials insist that the government must meet its obligations, and thus raising the debt ceiling is nonnegotiable. Some Democrats, however, say that the bargaining advantage has shifted toward the GOP.

White House officials still believe that the framework previously discussed by Obama and Boehner offers ample scope for a deal to avoid the automatic spending cuts, known as a sequester, according to people familiar with the discussions. Such an agreement, they say, could yield legislation that would also raise the debt ceiling.

Privately, some Republicans are not opposed to the approach. The GOP is “generally open to the framework, but the devil is in the details,” said one Republican leadership aide. The aide noted that Rep. Dave Camp (R-Mich.), chairman of the House Ways and Means Committee, already intends to seek tax-code reform this year.

Still, the GOP plans to press its case that the time to discuss increasing taxes is over and the focus now must be on cutting spending. At a closed meeting Friday, Boehner told House Republicans that any increase in the debt limit must be accompanied by spending cuts and reforms of a greater amount, according to a person in the room.

http://www.washingtonpost.com/busine...46f_story.html

**Diable** · 01-05-2013, 10:13 AM

The Republicans aren't united enough to make a deal. You already have the Tea Party types promising to mount primary challenges on everyone who compromises. Boehner just doesn't have enough control over the House Republicans and he's too big of a pussy to make a deal that would require Democratic votes. No one in our government has the guts to do their jobs.

**E.H. Munro** · 01-05-2013, 01:21 PM

You mean no one in government has the guts to continue spending like a drunken sailor on shore leave in a Hong Kong whorehouse? Allow me to introduce you to the American government, where every day is Mexican Sex Party USA!™

Nimreitz · 01-05-2013, 03:30 PM

I thought Obama was just going to play chicken on this one. "Oh, you want to default on the debt? Alright, if that's what you have to do, have fun with your donors. I'm sure none of them own government backed securities."

joek · 01-07-2013, 05:25 AM

dbuma is a piece of shit. Spending must be curtailed to only what is taken in. Do not raise the debt limit one more penny and balance the budget for the first time in four years you scumbag liberals.

Nimreitz · 01-07-2013, 10:08 AM

Debt limit has nothing to do with new spending, but I can see from your rep and use of "dbuma" that there is absolutely no point in even acknowledging you. Free Republic has a nice board, you should check it out.

e-monk · 01-07-2013, 11:16 AM

Quote:

Originally Posted by joek

dbuma is a piece of shit. Spending must be curtailed to only what is taken in. Do not raise the debt limit one more penny and balance the budget for the first time in four years you scumbag liberals.

first off **** you red stater, ignorant people like you are the problem, please feel free to secede to what will inevitably become the third world banana republic of your choice, call it missabama if you like (ridding the union of many of the red states would actually help the debt as many of the red states are the biggest recipients of federal money)

second, ...., the debt cieling has to do with money CONGRESS (for the most part) has already spent not future spending ....

**E.H. Munro** · 01-07-2013, 12:39 PM

Quote:

Originally Posted by Nimreitz

Debt limit has nothing to do with new spending, but I can see from your rep and use of "dbuma" that there is absolutely no point in even acknowledging you. Free Republic has a nice board, you should check it out.

Besides, I'm pretty sure that the economic plan for the last 12 years has been to wait for the next paradigm shift to bail them out.

**E.H. Munro** · 01-07-2013, 12:41 PM

Quote:

Originally Posted by e-monk

first off **** you red stater, ignorant people like you are the problem, please feel free to secede to what will inevitably become the third world banana republic of your choice, call it missabama if you like (ridding the union of many of the red states would actually help the debt as many of the red states are the biggest recipients of federal money)

In fairness if the natural resource states were the beneficiary of their own resources this likely wouldn't be the case.

e-monk · 01-07-2013, 04:13 PM

Quote:

Originally Posted by E.H. Munro

In fairness if the natural resource states were the beneficiary of their own resources this likely wouldn't be the case.

I envision toxic wastelands peopled by hideous illiterate mutant freaks (you know a little like Mississippi) and fear only the irony of the influx of post union illegal immigrants fleeing their unliveable circumstances

**E.H. Munro** · 01-07-2013, 07:10 PM

Really? I haven't seen a lot of the south that looks like New Jersey, Michigan or Ohio. And, of course, the reality is that the fed takes all the natural resource money for itself, those income tax studies always ignore that because they aren't designed to reflect reality so much as to placate the prejudices of the ignorant.

e-monk · 01-07-2013, 07:26 PM

Quote:

Originally Posted by E.H. Munro

Really? I haven't seen a lot of the south that looks like New Jersey, Michigan or Ohio. And, of course, the reality is that the fed takes all the natural resource money for itself, those income tax studies always ignore that because they aren't designed to reflect reality so much as to placate the prejudices of the ignorant.

no seriously go to mississippi

**E.H. Munro** · 01-07-2013, 07:43 PM

No, seriously, go to Detroit, Newark, or Cleveland

e-monk · 01-07-2013, 11:15 PM

Quote:

Originally Posted by E.H. Munro

No, seriously, go to Detroit, Newark, or Cleveland

been to all 3 Detroit is scary but not over EPA issues, ditto Newark and Cleveland - stop it

**E.H. Munro** · 01-08-2013, 05:51 AM

Ummmmm, yeah, they are. You can smell Newark from 10,000 feet up.

01-05-2013, 10:13 AM	#2 (permalink)
Diable Limehouse Blues Join Date: Apr 2005 Location: North Carolina Posts: 22,164 Rep Power: 14650805	Re: White House sees promise in revisiting elements of ‘grand bargain’ on taxes, spending The Republicans aren't united enough to make a deal. You already have the Tea Party types promising to mount primary challenges on everyone who compromises. Boehner just doesn't have enough control over the House Republicans and he's too big of a pussy to make a deal that would require Democratic votes. No one in our government has the guts to do their jobs. __________________

01-05-2013, 01:21 PM	#3 (permalink)
E.H. Munro Baddest Honky Mofo Alive Join Date: Jun 2004 Posts: 24,273 Rep Power: 21474869	Re: White House sees promise in revisiting elements of ‘grand bargain’ on taxes, spending You mean no one in government has the guts to continue spending like a drunken sailor on shore leave in a Hong Kong whorehouse? Allow me to introduce you to the American government, where every day is Mexican Sex Party USA!™ __________________ If everyone loves you you're doing it wrong. "Opium is the religion of the masses." Fred Reed The Power of 99 Press "He thinks it's going to be fun being governor. It's only fun being governor of New York if you have money to spend, and I spent it all." Nelson Rockefeller on his successor, Hugh Carey.

01-05-2013, 03:30 PM	#4 (permalink)
Nimreitz Legend Join Date: May 2003 Location: Milwaukee, WI Age: 29 Posts: 16,247 Rep Power: 14813408	Re: White House sees promise in revisiting elements of ‘grand bargain’ on taxes, spending I thought Obama was just going to play chicken on this one. "Oh, you want to default on the debt? Alright, if that's what you have to do, have fun with your donors. I'm sure none of them own government backed securities."

01-07-2013, 05:25 AM	#5 (permalink)
joek WIN METHOD Join Date: Dec 2005 Location: New Bern, NC Age: 70 Posts: 1,874 Rep Power: 0	Re: White House sees promise in revisiting elements of ‘grand bargain’ on taxes, spending dbuma is a piece of shit. Spending must be curtailed to only what is taken in. Do not raise the debt limit one more penny and balance the budget for the first time in four years you scumbag liberals.

01-07-2013, 10:08 AM	#6 (permalink)
Nimreitz Legend Join Date: May 2003 Location: Milwaukee, WI Age: 29 Posts: 16,247 Rep Power: 14813408	Re: White House sees promise in revisiting elements of ‘grand bargain’ on taxes, spending Debt limit has nothing to do with new spending, but I can see from your rep and use of "dbuma" that there is absolutely no point in even acknowledging you. Free Republic has a nice board, you should check it out.

01-07-2013, 07:10 PM	#11 (permalink)
E.H. Munro Baddest Honky Mofo Alive Join Date: Jun 2004 Posts: 24,273 Rep Power: 21474869	Re: White House sees promise in revisiting elements of ‘grand bargain’ on taxes, spending Really? I haven't seen a lot of the south that looks like New Jersey, Michigan or Ohio. And, of course, the reality is that the fed takes all the natural resource money for itself, those income tax studies always ignore that because they aren't designed to reflect reality so much as to placate the prejudices of the ignorant. __________________ If everyone loves you you're doing it wrong. "Opium is the religion of the masses." Fred Reed The Power of 99 Press "He thinks it's going to be fun being governor. It's only fun being governor of New York if you have money to spend, and I spent it all." Nelson Rockefeller on his successor, Hugh Carey.

01-07-2013, 07:43 PM	#13 (permalink)
E.H. Munro Baddest Honky Mofo Alive Join Date: Jun 2004 Posts: 24,273 Rep Power: 21474869	Re: White House sees promise in revisiting elements of ‘grand bargain’ on taxes, spending No, seriously, go to Detroit, Newark, or Cleveland __________________ If everyone loves you you're doing it wrong. "Opium is the religion of the masses." Fred Reed The Power of 99 Press "He thinks it's going to be fun being governor. It's only fun being governor of New York if you have money to spend, and I spent it all." Nelson Rockefeller on his successor, Hugh Carey.

01-08-2013, 05:51 AM	#15 (permalink)
E.H. Munro Baddest Honky Mofo Alive Join Date: Jun 2004 Posts: 24,273 Rep Power: 21474869	Re: White House sees promise in revisiting elements of ‘grand bargain’ on taxes, spending Ummmmm, yeah, they are. You can smell Newark from 10,000 feet up. __________________ If everyone loves you you're doing it wrong. "Opium is the religion of the masses." Fred Reed The Power of 99 Press "He thinks it's going to be fun being governor. It's only fun being governor of New York if you have money to spend, and I spent it all." Nelson Rockefeller on his successor, Hugh Carey.

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