Tag Archives: raising the debt ceiling

Congress gears up for the debt discussion – no, not that one. The other one.

The people in our government are buttheads and here is the reason why: both the Republicans and the Democrats have announced their party’s negotiators for the upcoming talks over the nation’s debt limit and they are pretty much a handpicked selection of people guaranteed to NOT come to an agreement. The Republicans have picked Eric Cantor and Jon Kyl. Please note that the invitation was for four congressional Republicans but the GOP decided to waste the time of only two. The Democrats chose Max Baucus and Daniel Inouye from the Senate and James Clyburn and Chris Van Hollen from the House. Of those, only Van Hollen seems to make any sense, having taken part in the 2011 budget negotiations that ended just last week. Basically, this is going to turn into a staring match where nothing gets done. Much like the negotiations for this year’s federal budget went.

Paul Ryan, the architect of the Republican budget that protects tax breaks for the wealthy and turns Medicare into a voucher system, is not finding a lot of support for his proposal. House Republicans voted 235-4 in favor of the plan but touching entitlement programs is incredibly unpopular with the public. Ryan was booed when talking about his proposed budget plan when holding a town hall meeting in his southern Wisconsin congressional district. Only Obama’s call to raise tax rates on the wealthiest Americans enjoys solid support. A new Washington Post-ABC News poll found that 72% of Americans wanted Congress to raise taxes on wealthy Americans making more than $250,000 a year.

Americans would prefer to keep Medicare just the way it is and also oppose cuts in Medicaid and the defense budget. More than half of those polled say they are against small, across-the-board tax increases combined with modest reductions in Medicare and Social Security benefits. Basically, Americans want the government to sort itself out without having themselves pay any more money. Better yet, to reduce what we are paying in taxes now. (You do realize that it doesn’t work that way, right? Basic math there, Bobo.)

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