Huge tax and spending deal to be revealed today?

Could this be the big break? Brian Beutler explains:

Obama administration officials say they’ve prepared a major, $4 trillion deficit reduction package, to lay out before Republican and Democratic leaders at the White House tomorrow. This would include significant, unspecified cuts to entitlement spending, but also real new tax revenues — including possibly a partial expiration of the Bush tax cuts.

[...] If Boehner’s said he’ll accept real new tax revenues — eliminating expenditures, or raising rates, or a combination of the two, and not just selling off federal property and calling it “new revenue” — then we could be looking at an actual grand bargain. The kind of once-in-a-decade development that will shake Washington to its foundation, raise howls from advocacy groups across the political spectrum, and, of course, mean real, difficult changes to peoples’ lives.

Stand by for the drama…

Serenity now!

I’ve been going through my RSS feed reader for the past 45 minutes and here’s what I have:

  1. Is the Tea Party still racist? Affirmative.
  2. Is Fox News still ‘informing’ it’s viewers? Definitely. In fact, O’Reilly and John Stossel have no qualms about interpreting actual dates and history into personal opinion or belief.
  3. Has Tim Pawlenty lost his mind? CLEARLY. But is this what the average GOP Teaparty voter thinks is ‘the solution’? Of course — they get their news from Fox (see #2).
  4. Is the Tea Party planning to indoctrinate children on the ideals of Republican Jesus (i.e. Selfish Christianity)? Yep.
  5. Can Michele Bachmann react sanely to people who are NOT in the Tea Party? Not at all. Two middle-aged lesbians wanting to talk caused Crazy Eyes to scream, bolt for her car in tears, and file a police report because she was ‘terrorized’ and ‘terrified.’
  6. Guess what Rush is selling his ditto sheeple-heads now.
  7. Would it surprise you to know that Ron Paul, the loudest advocate for returning the dollar back to the gold standard, has hundreds of thousands of dollars tied up in several gold mining companies?
  8. GOP Cuts To Food Aid For Seniors And Food Banks Equals One Day Of Bush Tax Cuts For Millionaires. One day.
  9. Here is the only way to watch a GOP debate — as interpreted through Jon Stewart:

Federal employees: death by a thousand cuts

This really is getting out of hand. And as this editorial points out, “lawmakers should share the pain. Whatever cuts in pay and benefits and staffing they impose on federal employees should also be imposed on Congress and congressional staffs.”

Federal employees are outraged and dispirited, understandably.

While lawmakers can’t agree — in the name of deficit reduction — to cut subsidies for oil companies making record profits, they appear plenty ready — even eager at times — to cut pay and benefits for federal employees.

Last week, news leaked that bipartisan budget negotiators led by Vice President Joe Biden are embracing a proposal to increase federal employees’ contributions toward pensions. The effect would be a 5 percent pay cut for everyone covered by the Federal Employees Retirement System (FERS).

Federal employees are acutely aware that budget deficits are out of hand. They understand this is a national problem and that the nation faces difficult choices and that sacrifices must be made all around. But somehow, they keep getting singled out as the easy targets for lawmakers who seem otherwise afraid to impose sacrifices on any other constituency.

Read more…

Cuts to feds salaries and benefits will save SO MUCH MORE federal money than continuing to subsidize oil companies and the Bush tax cuts? Or does it just appease the teabaggers who have somehow decided that government employees are bad and corporate CEOs are good?


Great budgeting ideas from Texas!

Cut $27 billion from education, nursing homes and  health care for the poor.  Sounds typically Republican, I know, but stay with me.

THEN because you’ve saved money on these crap programs (children, the elderly and the poor should learn to suck it up), you can now afford to give yacht owners a tax break! Exciting, isn’t it? There will be so many jobs and economic development…somehow!

Yacht owners will save America:

  1. Because you have no revenue, cut education and other social safety net programs,
  2. Give tax breaks to yacht owners and continue the previous tax breaks to the wealthy,
  3. Profit!

They’re just trying to copy Paul Ryan’s 2012 Path to Poverty budget.

Infographic: Republicans’ budget cuts vs. Republicans’ tax cuts for the wealthy

To go with the previous post:

[via Center for American Progress]

Top 10 Worst Things about the Republicans’ Budget

Remember how hard the Republicans fought to extend Bush’s tax cuts to the wealthy? Our country could afford that, they said, but it was at the expense of everyone else. In fact, the Republicans budget proposal takes nothing away from the richest members of our society. But if you’re low- to middle-class, get ready to give up some things.

The Republican budget would:

1. Destroy 700,000 jobs, according to an independent economic analysis.

2. Zero out federal funding for National Public Radio and public television.

3. Cut $1.3 billion from community health centers—which will deprive more than 3 million low-income people of health care over the next few months.

4. Cut nearly a billion dollars in food and health care assistance to pregnant women, new moms, and children.

5. Kick more than 200,000 children out of pre-school by cutting funds for Head Start.

6. Force states to fire 65,000 teachers and aides, dramatically increasing class sizes, thanks to education cuts.

7. Cut some or all financial aid for 9.4 million low- and middle-income college students.

8. Slash $1.6 billion from the National Institutes of Health, a cut that experts say would “send shockwaves” through cancer research, likely result in cuts to Alzheimer’s and Parkinson’s research, and cause job losses.

9. End the only federal family planning program, including cutting all federal funding that goes to Planned Parenthood to support cancer screenings and other women’s health care.

10. Send 10,000 low-income veterans into homelessness by cutting in half the number of veterans who get housing vouchers this year.