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More stimulus spending and authority to increase the debt limit by executive decree? Uh huh, that should work wonders for bringing down the deficit:
The Obama administration’s opening bid on Thursday in negotiations to avert a year-end fiscal crunch included a demand for new stimulus spending and authority to unilaterally raise the U.S. borrowing ceiling, a Republican congressional aide said.
The proposal, made by Treasury Secretary Timothy Geithner to congressional Republican leaders on Capitol Hill, was seen as offering little the Republicans could agree to and was greeted with laughter, the aide said.
“We can’t move any closer to them because they’re not even on our planet,” the aide said. “It was not a serious proposal.”
The White House actually said they were surprised at the Republicans’ reaction to their offer — an offer that was the equivalent of “Ok, how about this: We bang your girlfriend and we’ll let you watch. Deal?”
At this point I vote along with others to just go off the cliff. I know that’s probably what Obama wants, but at least some people would be introduced to the concept of actually being forced to pay for all the stuff they voted for. Watching some of them whine incessently about being forced to pay for their “free” stuff might be one of the more entertaining uses I’ve ever seen a tax increase put towards.
At this moment, Republicans in Congress need to examine which presents a more dire threat to the country:
A) A double-dip recession driven by the sequester and the expiration of the Bush tax cuts, or
B) the public’s belief (verified through polling) that our giant debt, our ticking time bomb of entitlements, and our gargantuan government can be solved by “asking the richest Americans to pay a little bit more,” as Obama insists.
Option A is terrible, but Option B is the giant locked door blocking all of the real solutions.
So if we must have tax hikes, let the tax cuts for every income level expire and let everyone of every income level pay higher taxes. Destroy the illusion among so many voters that they can get all the government they want without paying more in taxes.
Raising taxes a little on “the rich” is not a solution to anything — not that it’s intended to be: