” Senate Minority Leader Mitch McConnell (R-Ky.) on Wednesday offered an amendment to force a vote on President Obama’s deficit-reduction plan, but Senate Majority Leader Harry Reid (D-Nev.) was having none of it.
“Last week [Treasury] Secretary [Timothy] Geithner brought up a proposal that was so unserious,” McConnell said on the floor, “I would like to see if my Democratic friends would like to support it.” “
Illustration By Nate Beeler
” Barack Obama desperately wants to take the country over the fiscal cliff. That’s the only conclusion one could possibly draw from the absolute dementia masquerading as his administration’s opening offer. Here’s the basic rundown of what the president would like to see happen.
- $1.6 trillion in tax increases – not just on the wealthy, but on businesses the administration views unfavorably, such as oil.
- $50 Billion in new stimulus spending
- A deferment – of a single year – on the military sequester
- An extension of unemployment benefits for those out of work
- Federal money to shore up underwater mortgages
To top off the lunacy, President Obama would like nearly unlimited power to raise the debt ceiling whenever he likes, as high as he likes. This is something Timothy Geithner hinted at a few weeks ago. If Obama has his way, the only constraint on this power would come when a difficult-to- achieve Congressional supermajority chooses to override his decision. “
Illustration By Lisa Benson
“Famed Washington Post journalist and political pundit Charles Krauthammer was a guest on Fox News’ Special Report on Thursday and he offered some pretty bold, but sage advice regarding the fiscal cliff.
“It’s not just a bad deal, this is really an insulting deal. What Geithner offered, what you showed on the screen, Robert E. Lee was offered easier terms at Appomattox, and he lost the Civil War. The Democrats won by three percent of the vote, and they did not hold the House. Republicans won the House. So this is not exactly unconditional surrender, but that is what the administration is asking of the Republicans.
This idea – there are not only no cuts in this, there’s an increase in spending with a new stimulus. I mean, this is almost unheard of. I mean, what do they expect? They obviously expect the Republicans will cave on everything. I think the Republicans ought to simply walk away. The president is the president. He’s the leader. They are demanding that the Republicans explain all the cuts that they want to make.” “
Illustration By Glenn Foden