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  1. #56
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    As Time Ran Out, Super Committee Watched Football, Hung Around in Bars
    By John Hudson | The Atlantic Wire – 3 hrs ago


    Now that there's nothing left to be secretive about, Super Committee Democrats and Republicans are sharing details about the deficit-reduction panel's fabulous collapse with members of the press. In short: the committee's failure to come up with $1.2 trillion in deficit savings was not for lack of food, beer, changes of scenery or sideshow entertainment.

    In a behind-the-scenes account, Politico's Jake Sherman, Manu Raju and John Bresnahan show how Republicans had checked out from negotiations, acknowledging that the two sides were not going to come to an agreement on taxing and spending. "On Thursday night, wearing a baseball cap and jeans, Camp retreated to Penn Quarter Sports Tavern with Rep. Ander Crenshaw (R-Fla.), where they watched the New York Jets play the Denver Broncos on TV. His tax expertise wasn’t needed because no compromise was close," they report. "On Sunday, a day before the panel’s deadline, Rep. Fred Upton (R-Mich.) was at the Washington Redskins game. While at FedEx Field, Upton jumped on a conference call with supercommittee colleagues who had left D.C. for the Thanksgiving holiday."

    Republicans weren't the only ones enjoying the pro-football seasons as the committee's deadline drew nearer. As talks began to sour earlier this month, "[Sen. Patty] Murray's staff ate snacks and watched the New England Patriots play the New York Jets" while a new proposal from Republicans was being considered, report Reuters' Richard Cowan, Thomas Ferraro, Tim Reid and Donna Smith.

    And then there's the food. Reuters reports that in early November, beef jerky was the snack du jour for at least seven members of the Super Committee. Meanwhile, The Washington Post notes a variety of culinary treats across a number of activities and backdrops. "There were late-night bull sessions, early-morning bike rides and group dinners. The panel’s members shared coffee and granola bars. But there was little dealmaking and never enough progress on any idea for them to fight over actual details," report David Fahrenthold and Rosalind Helderman. "Members spent hours sequestered in an underground room in the Capitol Visitor Center, and more hours in small groups in one another’s offices. But aides said these conversations often circled, again and again, around problems of taxes and spending."

    The only thing sadder than the way the committee couldn't come to an agreement might be the way GOP committee member Jon Kyle tried to run away from reporters after the committee's failure yesterday. As Politico's Scott Wong reports:

    Senate Minority Whip Jon Kyl, a GOP supercommittee negotiator, didn't much care for getting jostled by reporters and photographers as he left Sen. John Kerry's office Monday. So his staff was determined not to let it happen again as the pack of journalists swelled outside Sen. Rob Portman's office, where Kyl was holed up for much of the afternoon. Kyl flack Ryan Patmintra created the diversion, emerging from the 3rd floor office and chatting up reporters and TV cameramen who surrounded him in a tight circle for any tidbit of news. Then Kyl, his security detail in tow, bolted out a side door. "There he is," one reporter shouted, triggering a stampede of journalists down the slippery halls of the Russell Building. But Kyl, perhaps the fastest speed walker in the Senate, had made a beeline to an awaiting elevator and scurried out of the building to his idling vehicle without issuing comment.
    http://news.yahoo.com/time-ran-super...150322495.html
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  3. #57
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    As Time Ran Out, Super Committee Watched Football, Hung Around in Bars
    By John Hudson | The Atlantic Wire – 3 hrs ago


    Now that there's nothing left to be secretive about, Super Committee Democrats and Republicans are sharing details about the deficit-reduction panel's fabulous collapse with members of the press. In short: the committee's failure to come up with $1.2 trillion in deficit savings was not for lack of food, beer, changes of scenery or sideshow entertainment.

    In a behind-the-scenes account, Politico's Jake Sherman, Manu Raju and John Bresnahan show how Republicans had checked out from negotiations, acknowledging that the two sides were not going to come to an agreement on taxing and spending. "On Thursday night, wearing a baseball cap and jeans, Camp retreated to Penn Quarter Sports Tavern with Rep. Ander Crenshaw (R-Fla.), where they watched the New York Jets play the Denver Broncos on TV. His tax expertise wasn’t needed because no compromise was close," they report. "On Sunday, a day before the panel’s deadline, Rep. Fred Upton (R-Mich.) was at the Washington Redskins game. While at FedEx Field, Upton jumped on a conference call with supercommittee colleagues who had left D.C. for the Thanksgiving holiday."

    Republicans weren't the only ones enjoying the pro-football seasons as the committee's deadline drew nearer. As talks began to sour earlier this month, "[Sen. Patty] Murray's staff ate snacks and watched the New England Patriots play the New York Jets" while a new proposal from Republicans was being considered, report Reuters' Richard Cowan, Thomas Ferraro, Tim Reid and Donna Smith.

    And then there's the food. Reuters reports that in early November, beef jerky was the snack du jour for at least seven members of the Super Committee. Meanwhile, The Washington Post notes a variety of culinary treats across a number of activities and backdrops. "There were late-night bull sessions, early-morning bike rides and group dinners. The panel’s members shared coffee and granola bars. But there was little dealmaking and never enough progress on any idea for them to fight over actual details," report David Fahrenthold and Rosalind Helderman. "Members spent hours sequestered in an underground room in the Capitol Visitor Center, and more hours in small groups in one another’s offices. But aides said these conversations often circled, again and again, around problems of taxes and spending."

    The only thing sadder than the way the committee couldn't come to an agreement might be the way GOP committee member Jon Kyle tried to run away from reporters after the committee's failure yesterday. As Politico's Scott Wong reports:

    Senate Minority Whip Jon Kyl, a GOP supercommittee negotiator, didn't much care for getting jostled by reporters and photographers as he left Sen. John Kerry's office Monday. So his staff was determined not to let it happen again as the pack of journalists swelled outside Sen. Rob Portman's office, where Kyl was holed up for much of the afternoon. Kyl flack Ryan Patmintra created the diversion, emerging from the 3rd floor office and chatting up reporters and TV cameramen who surrounded him in a tight circle for any tidbit of news. Then Kyl, his security detail in tow, bolted out a side door. "There he is," one reporter shouted, triggering a stampede of journalists down the slippery halls of the Russell Building. But Kyl, perhaps the fastest speed walker in the Senate, had made a beeline to an awaiting elevator and scurried out of the building to his idling vehicle without issuing comment.
    http://news.yahoo.com/time-ran-super...150322495.html
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  5. #59
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    President Obama requests $1.2T debt hike over GOP objections
    By Peter Schroeder - 01/12/12 05:37 PM ET

    President Obama on Thursday made an official request that Congress raise the debt ceiling by $1.2 trillion over the objections of several House Republicans.

    Obama’s formal notification gives both chambers 15 days to vote on whether to approve the hike. The House plans to vote on this request on Jan. 18, a spokeswoman for House Majority Leader Eric Cantor (R-Va.) said.

    The United States reached the $15.194 trillion debt limit on Jan. 4, according to Treasury statements. Since that time, Treasury has employed the “extraordinary measure” of tapping into its Exchange Stabilization Fund to avoid exceeding the limit.

    The White House agreed not to make an official request to raise the debt ceiling until now so that Congress could vote on the matter.

    The boost will be the third and final increase to the ceiling under the debt-limit deal struck in August, and is intended to cover the government's borrowing through the 2012 elections. The summer deal states that the increase would be effective in 15 days without action by Congress.

    The GOP House approved the debt-ceiling deal, but many Republicans have objected to the debt-ceiling hikes called for in that legislation.

    Several House Republicans on Thursday intensely criticized the latest hike request, and the lower chamber is likely to vote to reject it.

    But a rejection by House Republicans is highly unlikely to prevent the debt ceiling from being raised.

    Under the summer deal, the $1.2 trillion hike can only be stopped if both the House and the Senate, where Democrats hold the majority, reject it.

    The GOP-controlled House voted to disapprove a $500 billion increase to the debt ceiling the president requested in September, but a similar measure failed in the Senate.

    Even if both chambers did disapprove the increase, Obama would have the power to veto an attempt to block it.

    Still, the debt fight offers a chance for House Republicans, battered in December in a fight with Democrats over extending a payroll tax cut, to score political points against Obama.

    “Washington’s mounting debt is a drag on our economic recovery, and this request is another reminder that the president has consistently punted on the tough choices needed to rein in the deficit," said Brendan Buck, a spokesman for House Speaker John Boehner (R-Ohio).

    Rep. Scott Garrett (R-N.J.), the vice chairman of the House Budget Committee and leading member of the Republican Study Committee, a conservative bloc of House lawmakers, said the need for another debt-limit boost was evidence of "failed leadership."

    “New year, same president, same story — zero fiscal discipline,” he said in a statement released shortly after the president's formal request.

    And GOP presidential candidate Rep. Ron Paul (Texas) used the president's own words against him. On his Twitter account, Paul quoted Obama, then an Illinois senator, criticizing the need to raise the debt limit under President George W. Bush.

    “The fact that we are here today to debate raising America's debt limit is a sign of leadership failure,” he quoted Obama saying in 2006.

    Rep. Tim Huelskamp (R-Kan.) fiercely opposed the pending increase, and even suggested that Republicans who backed the original debt-limit deal do not deserve any political cover by opposing the upcoming hike.

    “Anyone who supported this deal back in August but then votes to oppose the debt limit increase this upcoming week should take no credit for standing against reckless spending,” he said in a statement. “The real opportunity to stand for fiscal responsibility was in August.”

    Obama made his request in a letter to House and Senate leaders.

    http://thehill.com/blogs/on-the-mone...limit-increase

    comments

    An attempt to down size the Federal Government would be an act of good faith don't you think? You know, belt tightening and all that. Has anyone crunched the numbers, just how much of the debt increase will go towards the 0.5% pay raise for all federal employees? Do gun runners deserve a raise? And, if after a year of trying to find out who ordered FAST AND FURIOUS, if Holder knows nothing, does he deserve a raise? How about all the other top cops and lawyers who are adhering to a code of silence?

    ...

    Obama just cut the dept of defense and I believe that was part of the deal if they didn't get a deal from the suoer commettee and they didn't come to agreement on a deal
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  6. #60
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    HIS HANDS ARE IN YOUR POCKETS AGAIN!

    WHITE HOUSE ADMITS NEW OBAMA BUDGET HAS MIDDLE CLASS TAX HIKE; MAJOR GARRET NAILS JAY CARNEY TO THE WALL

    (Note: In Obama-...language, "balanced approach" means he balances his budget shortcomings with your money.)

    Article from Breitbart Big Government; http://www.breitbart.com/Big-Governm...Class-Tax-Hike

    Last Friday, April 5, White House spokesman Jay Carney confirmed at a press briefing that Barack Obama’s budget would raise taxes on middle class Americans. The confession arose from an exchange between Carney and Major Garrett of CBS News, in which Garrett noted that the implementation of chained CPI as the method of measuring the consumer price index would hurt middle-class Americans:

    MAJOR GARRETT, CBS NEWS/NATIONAL JOURNAL: “A follow-up on Jim’s question -- you do not and the White House does not dispute that if the chained CPI were put in -- to be put into effect, it would raise taxes on middle-income Americans?”

    JAY CARNEY: The chained CPI, which is a technical adjustment to how we measure the consumer price index --

    GARRETT: But its practical effect would be --

    CARNEY: Again --

    GARRETT: -- to raise taxes on --

    MR. CARNEY: I’m not disputing that, but I’m saying that it is not the President’s ideal policy. It is in a letter from the Senate Minority Leader requesting that it be part of a negotiation deal.

    GARRETT: All right, I'm just saying you don’t disagree, that those things happen?

    CARNEY: Right, but Major, and --

    GARRETT: -- a tax increase?

    CARNEY: -- let’s be clear, as we’ve said all along, that the offer was on the table. The President made that offer because he was hopeful that we would see commensurate willingness to compromise from Republicans. Unfortunately, we haven’t seen that. The President is engaged in conversations with Republicans in the Senate in particular but also in the House in an effort to find common ground, to see if there is a willingness to embrace the idea that we can reduce our deficits in a balanced way and continue to invest in our economy and middle-class families. And if there is, then we’ll be able to get something done.

    GARRETT: And to critics who would say to this President, looking at this proposal, this is the last and possibly worst time -- from their point of view -- to raise taxes on the middle class, inflict benefit cuts on elderly on fixed incomes, even in the pursuit of deficit reduction, the President would say what?

    CARNEY: The President would say that as part of a balanced approach that asks the wealthy and well-to-do and well-connected to contribute their fair share through tax reform, elimination of special tax breaks that average folks don’t get, that we can also include entitlement reforms that allow us to achieve deficit reduction in a balanced way and allow us to continue to invest in our economy in ways that will help it grow and create jobs.
    When chained CPI is used without a concurrent tax break of equal or greater size, it results in a tax increase. Some estimates of the resultant tax increase from using chained CPI as more than $100 billion in the next ten years.

    This is the same Obama who bragged on January 2, 2013:

    I just wanted to take a minute to explain to everyone what we were able to achieve this week. In the face of looming deadlines that would have taken a big chunk out of everyone’s bottom line, you know my top priority has been preventing a tax hike that would have hit 98 percent of all Americans in 2013, because the last thing middle-class families could afford now would be to pay upwards of $2,000 more in taxes this year. . . . We’ve stopped that middle-class tax hike.
    Not quite.

    RELATED: WASTE IN GOVERNMENT: http://newsninja2012.com/exclusive-n...zz2OwQuY6FXSee More
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  7. #61
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    President Barack Obama sent Congress a $3.8 trillion spending blueprint today that strives to achieve a "grand bargain" to tame runaway deficits. The president's budget projects deficit reductions of $1.8 trillion over the next decade, achieved with higher taxes, reductions in payments to Medicare providers and cutbacks in the cost-of-living adjustments paid to millions of recipients in Social Security and other government programs.



    Obama Budget: Trim Social Security,Tax Everybody
    http://www.wafb.com/story/21927267/o...clipId=8760226

    WASHINGTON (AP) - President Barack Obama sent Congress a $3.8 trillion spending blueprint on Wednesday that strives to achieve a "grand bargain" to tame runaway deficits, raising taxes on the wealthy and trimming popular benefit programs including Social Security and Medicare.

    The president's budget projects deficit reductions of $1.8 trillion over the next decade, achieved with nearly $1 trillion in higher taxes, reductions in payments to Medicare providers and cutbacks in the cost-of-living adjustments paid to millions of recipients in Social Security and other government programs. Obama's budget would negate nearly $1.2 trillion in automatic spending cuts, replacing some of those with smaller reductions of his own.

    The president's proposed spending for the 2014 fiscal year, which begins Oct. 1, would rise 2.5% from this year.

    The budget projects a deficit for the current year of $973 billion, falling to $744 billion in 2014. Those would be the first deficits below $1 trillion since 2008. Even with the president's deficit reductions, the budget projects the red ink would total $5.3 trillion over the next 10 years.

    The plan includes a compromise proposal that Obama offered to House Speaker John Boehner during "fiscal cliff" negotiations last December. Boehner walked away from those talks because of his objections to raising taxes on the wealthy.

    By including proposals to trim Social Security and Medicare, the government's two biggest benefit programs, Obama is hoping to entice Republicans to consider tax increases.

    "I have already met Republicans more than halfway, so in the coming days and weeks I hope that Republicans will come forward and demonstrate that they're really as serious about the deficit and debt as they claim to be," Obama said in the White House Rose Garden.

    But instead of moving Congress nearer a grand bargain, Obama's proposals so far have managed to anger both the Republicans, who are upset by higher taxes, and Democrats unhappy about cuts to Social Security benefits.

    The White House highlighted $580 billion in tax increases on the rich over 10 years, which would be obtained primarily by limiting deductions the wealthy can take. But the figure climbs closer to $1 trillion after adding in a 94-cents-per-pack increase in taxes on cigarettes, slower inflation adjustments to income tax brackets, elimination of oil and gas production subsidies, an increase in the estate tax and a new "financial crisis responsibility" fee on banks.

    Responding to the budget, Boehner said Republicans were unwilling to go beyond the $660 billion in higher taxes approved as part of the "fiscal cliff" deal. "The president got his tax hikes in January. We don't need to be raising taxes on the American people," Boehner said.

    House Budget Committee Chairman Paul Ryan, R-Wis., said Obama's budget "doesn't break new ground. It goes over old ground. It takes more from families to spend more in Washington." Senate Republican Leader Mitch McConnell dismissed Obama's budget as "not a serious plan. For the most part, just another left-wing wish list."

    Maya MacGuineas, president of the Committee for a Responsible Budget, a bipartisan group that promotes deficit reduction, praised Obama for retaining the deficit reduction elements of his December offer to Boehner in his new budget. She said this showed Obama was "still serous about fiscal reform."

    Briefing reporters on the budget, Alan Krueger, chairman of the president's Council of Economic Advisers, said the economic growth assumptions for this year are a bit more optimistic than those of some private forecasters. He said the administration's forecast was done in November and assumed that the March 1 across-the-board spending cuts would not occur.

    The president's spending and tax plan is two months late. The administration blamed the delay on the lengthy negotiations at the end of December and then fights over the resulting March 1 automatic spending cuts.

    The Obama budget proposal will join competing outlines already approved by the Republican-controlled House and the Democratic-run Senate.

    Obama's plan is not all about budget cuts. It also includes an additional $50 billion in spending to fund infrastructure investments, including $40 billion in a "Fix It First" effort to provide immediate money to repair highways, bridges, transit systems and airports nationwide.

    Obama's budget would also provide $1 billion to launch a network of 15 manufacturing innovation institutes across the country, and it earmarks funding to support high-speed rail projects.

    The president's plan to establish a program to offer preschool to all 4-year-olds from low- and moderate-income families would be financed by the higher tax on tobacco, which the administration said would raise $78 billion over a decade.

    The administration said its proposals to increase spending would not increase the deficit but rather would be paid for either by increasing taxes or making deeper cuts to other programs.

    Among the proposed cuts, the administration wants to trim defense spending by an additional $100 billion and domestic programs by an extra $100 billion over the next decade. However, those cuts would actually be less than the automatic spending cuts they would replace in the "sequester" that would have trimmed government spending by $1.2 trillion over 10 years. Obama's budget, if adopted, would eliminate future sequester reductions. Those cuts began taking effect on March 1 with an initial $85 billion in cuts.

    The Obama budget proposes cutting $400 billion from Medicare and other health care programs over a decade. The cuts would come in a variety of ways, including negotiating better prescription drug prices and asking wealthy seniors to pay more.

    It would obtain an additional $200 billion in savings by scaling back farm subsidies and trimming federal retiree programs.

    The most sweeping proposal in Obama's budget is a switch in the way the government calculates the annual cost-of-living adjustments for the millions of recipients of Social Security and other benefits. The new method would take into account changes that occur when people substitute goods rising in price with less expensive products. It results in a slightly lower annual reading for inflation.

    The switch in the inflation formula would cut spending on government benefit programs by $130 billion over 10 years, although the administration said it planned to protect the most vulnerable, including the very elderly. The change would also raise about $100 billion in higher taxes because the current CPI formula is used to adjust tax brackets each year. A lower inflation measure would mean more money taxed at higher rates.

    In the tax area, Obama's budget would also implement the "Buffett Rule" requiring that households with incomes of more than $1 million pay at least 30% of their income in taxes.

    Congress and the administration have already secured $2.5 trillion in deficit reduction over the next 10 years through budget reductions and with the end-of-year tax increase on the rich. Obama's plan would bring that total to $4.3 trillion over 10 years.

    It is unlikely that Congress will get down to serious budget negotiations until this summer, when the government once again will be confronted with the need to raise the government's borrowing limit or face the prospect of a first-ever default on U.S. debt.

    As part of the administration's effort to win over Republicans, Obama will have a private dinner at the White House with about a dozen GOP senators Wednesday night. The budget is expected to be a primary topic, along with proposed legislation dealing with gun control and immigration.

    Early indications are that the budget negotiations will be intense. Republicans have been adamant in their rejection of higher taxes, arguing that the $660 billion increase on top earners that was part of the late December agreement to prevent the government from going over the "fiscal cliff" is all the new revenue they will tolerate.

    The administration maintains that Obama's proposal is balanced with the proper mix of spending cuts and tax increases.

    Obama has presided over four straight years of annual deficits totaling more than $1 trillion, reflecting in part the lost revenue during a deep recession and the government's efforts to get the economy going again and stabilize the financial system.

    The budget plan already passed by the GOP-controlled House projects reaching balance in 2023, a year in which Obama's proposal projects a $439 billion deficit. The budget outline approved by the Democratic-controlled Senate tracks more closely to the Obama proposal, although it does not include changes to the cost-of-living formula for Social Security.

    Online: http://hosted.ap.org/interactives/2013/us-budget-2013/


    http://www.wafb.com/story/21927267/o...et-to-congress
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  8. #62
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    Obama’s new budget calls for $580 billion in new taxes and has a $744 billion deficit.
    LIKE if you agree our nation can’t afford Obama’s failed economic policies.




    President Barack Obama's budget plan would increase taxes by $1 trillion over the next decade,
    including a new 94-cent tax on cigarettes and familiar proposals to increases taxes
    on the wealthy and some corporations. http://bit.ly/11Vlijx


    Last edited by Jolie Rouge; 04-15-2013 at 08:05 AM.
    Laissez les bon temps rouler! Going to church doesn't make you a Christian any more than standing in a garage makes you a car.** a 4 day work week & sex slaves ~ I say Tyt for PRESIDENT! Not to be taken internally, literally or seriously ....Suki ebaynni IS THAT BETTER ?

  9. #63
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    Laissez les bon temps rouler! Going to church doesn't make you a Christian any more than standing in a garage makes you a car.** a 4 day work week & sex slaves ~ I say Tyt for PRESIDENT! Not to be taken internally, literally or seriously ....Suki ebaynni IS THAT BETTER ?

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