Reid comments on the bipartisan debt commission’s draft proposal
Thursday, November 11, 2010 at 4:52 pm
Senate Majority Leader Harry Reid (D-Nev.) has issued a statement regarding the chairman’s mark released by the bipartisan deficit reduction commission yesterday, and — at least in relation to the reactions of the majority of his Democratic colleagues — his take seems decidedly positive.
“I thank the leaders of the bipartisan debt commission for their work,” reads the majority leader’s statement. “While I don’t agree with every one of their recommendations, what they have provided is a starting point for this important discussion. I look forward to the full commission’s recommendations and to working with my colleagues on both sides of the aisle to address this important issue.”
Compared to House Speaker Nancy Pelosi (“simply unacceptable”), AFSCME President Gerald W. McEnee (“unnecessary and dangerous”) and MoveOn.org (“horrible”), that’s pretty glowing praise. The mark, which is not necessarily the same thing at the recommendations that the commission will deliver in December but is essentially being treated as such, has plenty in it to upset liberals — proposed cuts to federal spending, including big overhauls of Social Security and Medicare, that outweigh proposed new mechanisms for raising revenue by a ratio of about 3 to 1 — so it makes sense that many liberals are incensed. But, then again, a lot of conservatives, who don’t want to increase taxes by a dime, aren’t happy with the idea at all either.
The question then becomes whether any politicians might be willing to get behind a proposal to reduce the deficit that’s being pilloried by both sides, and, for all the current popular agitation about deficits, whether any voters would actually reward politicians who step forward to raise their taxes and slash their benefits. Recent political history doesn’t indicate there’s anything to be gained politically by saying good things about the current proposal, but there’s always a chance, I suppose, of that history being proven wrong.
85 Comments
Comment posted November 11, 2010 @ 9:59 pm
I think the debt commission is absolutely right and our representatives need to get it done!
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Comment posted November 11, 2010 @ 10:19 pm
Slash and burn the benefits that the citizens have paid for 40 or more years, but extend the tax breaks on the rich and very rich.
Will these “Things” pay for the tax breaks with borrowed money again, or will they pay for them by cutting benefits for those who need it and give it to those who don’t need it?
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Comment posted November 12, 2010 @ 10:21 pm
Sen. Harry Reid will add $2.6 Trillion dollars to the US debt, by passing lame duck–DREAM ACT.
Before Senator Harry Reid goes ahead in the imminent Lame Duck session in introducing the obnoxious Dream Act (DE FACTO AMNESTY), or any immigration reform law rewarding people who stole into America. It should remember if the Dream Act passes, this will allow the new legitimized students to bring many more family members into the country under “Chain migration” law. THAT MEANS MILLIONS MORE IMMIGRANTS WILL BE COMING HERE, THAT TAXPAYERS WILL HAVE TO SUPPORT? Asked senile Reid and his Liberal Progressives the cost of yet another Amnesty? Ask Robert Rector of the think-tank Heritage Foundation, as his analysis of amnesty recipients have very low education levels (75 to 85 percent have only a high school diploma or less), they are likely to receive more in government benefits than they pay in taxes through most of their lives. When they reach retirement age, amnesty recipients will impose a large net cost on taxpayers, receiving each year at least $17,000 more per person in benefits than they pay in taxes.
The illegal immigrants granted amnesty under this law are likely to impose a net cost of at least $2.6 trillion on U.S. taxpayers during their retirement years. Policymakers should carefully consider the potential long-term fiscal costs before enacting the amnesty provisions of this bill. One of the largest costs to taxpayers annually is the instant citizenship of babies of illegal parents (Anchor Babies) This number of infants ranges in hundreds of thousands annually that have long term expenditures, in education, health care and other taxpayer public services. Until the real fencing is built (double layer with electrified paired fencing), and stop internal enforcement is not compromised by both parties. Sen. Reid, Pelosi, Napolitano nearly killed E-Verify and such is it is, is only voluntary.
The Tea Party and moderate Conservative, Republicans and Democrats have a must enforce 1986 immigration law and no more funding to Sanctuary Cities as with New York and California. Bombard your Senator and Congressman in Washington, by calling (202)224-3121 In addition; don’t let your State representatives off the hook either?
Comment posted November 13, 2010 @ 12:44 am
Social Security has NOTHING TO DO WITH THE DEFICIT/DEBT. Even the Deficit Commission itself has stated this fact. Changes to Social Security will not affect the deficit/debt in any way whatsover.
Social Security is 100% solvent. It *might* run into problems in 2025, which is 15 years from now!!!!!!!!!
Social Security has a HUGE SURPLUS. The only problem occurred when the government “borrowed” the surplus to pay for other things. The government is mandated to PAY THAT MONEY BACK TO SOCIAL SECURITY.
It is absolutely reprehensible that anyone would mess around with Social Security to make up for the trillions of dollars lost to the two pointless wars.
HANDS OFF OUR SOCIAL SECURITY!!!
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Comment posted November 13, 2010 @ 5:11 pm
The SHAMELESS reps’ principal : No principal & power-only !
?
1. The reps’ campaign slogan, spending cut, has nothing to do with the deficit cut.
?
The Bush tax cut for the wealthy will add an additional $700 billion to the deficit over a decade.
Under the existing Bush tax cut for lavish bonus parties, a sole job plan for the republicans, the country already saw millions of job cuts.
And hence it’s the right time to ask themselves as to how they can pay for it.
?
As for the Democrats, sound investments = deficit increase.
As for the reps, empty giveaway policy = SHAMELESS top priority.
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2. Over the duration of healthcare debate, using the preliminary cost analysis of CBO, the reps opposed the public option stubbornly, but after the release of final score, they have been defiant on the referee.
?
Inaction cost in relation to health care reform totals $9trillion over the next decade.
The nonpartisan Congressional Budget Office estimates that reform will reduce the federal deficit by $143 billion over the next 10 years and as much as $1 trillion during the following decade
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3. In view of Medicare & Social Security :
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“Don’t Let Government Touch Your Medicare & Social Security”
“We will instead Stomp On Your Medicare & Social Security”
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Comment posted November 15, 2010 @ 10:18 am
1. The deficits have mushroomed not because of Social Security, Medicare and Medicaid but because of “two unpaid wars, tax breaks for the wealthy, a Medicare prescription drug bill written by the pharmaceutical industry, and the Wall Street bailout.”
?
a. Why not stop the Afghanistan war at a price tag of 140 billion a year…why not reduce what U.S. spends for military 800billion a year…U.S. military budget is as big as the next 27 countries COMBINED !
Even Overall US intelligence budget tops $80 billion annually.
?
b. End Bush-era tax breaks for the wealthiest Americans.
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c. Eliminate tax credits for big oil companies that have posted the highest profits in history.
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2. AS we are all aware, while many of small businesses are in financial trouble, lots of big name companies are reluctant to expand businesses, even with adequate capital.
?
From what I understand, they might take into account that plenty of ordinary households are still facing Stagnant Income Raises & Runaway Healthcare Cost and beyond, say, low demand.
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Given, the choice is clear, which one is going a long way to desperately needed job boost, tax credit for middle class or others.
?
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