Early indications are more of the same, i.e., House Republicans will pout and refuse to compromise on taxes. That is to say they do not intend to govern, only obstruct.
While this seems politically suicidal, they appear to believe they can blame the President if things go south and take credit for the "principled stand" if things improve.
There is a third scenario though. If the business cycle is immune to machinations by the govt. and continues to chug along at 1-2% it is possible the voters may blame the Republicans and usher in a Democratic majority just in time for acceleration of the economy to take hold.
Early indications are more of the same, i.e., Senate Democrats will pout and refuse to compromise on spending cuts. That is to say they do not intend to govern, only obstruct. When was the last time the Senate Democrats actually passed a budget?
While this seems politically suicidal, they appear to believe they can blame the Republicans if things go south and take credit for the "principled stand" (tax the rich, tax the rich, ad nauseum)if things improve.
There is a third scenario though. If the business cycle is immune to machinations by the govt. (which it isn't) and continues to chug along at 1-2% it is possible the voters may blame the President and the Democrats and usher in a Republican majority just in time for acceleration of the economy to take hold.
So what would be the actual impact on the American economy if sequestration takes effect without any modifications ... i.e., due to continued gridlock and failure to compromise? I know the Budget Control Act of 2011 would cut $120 billion per year from the federal budget (approx half from defense), would eliminate the Bush tax cuts (across the board, not just those affecting the highest income earners) and would reinstate the previous payroll tax rates) - but wouldn't these across the board sacrifices go a long way to solving the debt and deficit problem? Maybe llb is right and it's time to bite the bullet - across the board?
I have been reading RedState.com wherein conservatives hangout. Their points:
* get rid of moderates, * sell conservatism to the minorities, * get rid of the has-beens (Rove, McConnell, Boehner -- new leaders Rubio, Ryan, Rand), * double down on principles.
But what is the problem (and the one I think we have tackle) is their mis-reading of Obama and the Democrats. This is where they get fanatical, hysterical, hyperbolic, and show no understanding of what non-conservatives think or believe. They think anybody who is a non-conservative is a moocher,a slacker, a taker from the government. This is crap, yet it is the predominate view in the rank-and-file right winger. They think Obama and the Democrats are ruining America. We have to challenge this.
We have to talk up the value of working together and we have stress good government and we have to rebut their nonsense.
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Early indications are more of the same, i.e., House Republicans will pout and refuse to compromise on taxes. That is to say they do not intend to govern, only obstruct.
ReplyDeleteWhile this seems politically suicidal, they appear to believe they can blame the President if things go south and take credit for the "principled stand" if things improve.
There is a third scenario though. If the business cycle is immune to machinations by the govt. and continues to chug along at 1-2% it is possible the voters may blame the Republicans and usher in a Democratic majority just in time for acceleration of the economy to take hold.
No matter who's president, there's only One King.
ReplyDeleteEarly indications are more of the same, i.e., Senate Democrats will pout and refuse to compromise on spending cuts. That is to say they do not intend to govern, only obstruct. When was the last time the Senate Democrats actually passed a budget?
ReplyDeleteWhile this seems politically suicidal, they appear to believe they can blame the Republicans if things go south and take credit for the "principled stand" (tax the rich, tax the rich, ad nauseum)if things improve.
There is a third scenario though. If the business cycle is immune to machinations by the govt. (which it isn't) and continues to chug along at 1-2% it is possible the voters may blame the President and the Democrats and usher in a Republican majority just in time for acceleration of the economy to take hold.
hope there no bailouts this time
ReplyDeleteSo what would be the actual impact on the American economy if sequestration takes effect without any modifications ... i.e., due to continued gridlock and failure to compromise? I know the Budget Control Act of 2011 would cut $120 billion per year from the federal budget (approx half from defense), would eliminate the Bush tax cuts (across the board, not just those affecting the highest income earners) and would reinstate the previous payroll tax rates) - but wouldn't these across the board sacrifices go a long way to solving the debt and deficit problem? Maybe llb is right and it's time to bite the bullet - across the board?
ReplyDeleteI have been reading RedState.com wherein conservatives hangout. Their points:
ReplyDelete* get rid of moderates,
* sell conservatism to the minorities,
* get rid of the has-beens (Rove, McConnell, Boehner -- new leaders Rubio, Ryan, Rand),
* double down on principles.
But what is the problem (and the one I think we have tackle) is their mis-reading of Obama and the Democrats. This is where they get fanatical, hysterical, hyperbolic, and show no understanding of what non-conservatives think or believe. They think anybody who is a non-conservative is a moocher,a slacker, a taker from the government. This is crap, yet it is the predominate view in the rank-and-file right winger. They think Obama and the Democrats are ruining America. We have to challenge this.
We have to talk up the value of working together and we have stress good government and we have
to rebut their nonsense.
Now how do we make all this happen?
Van