Comments on: Washington Extra – Blame to go around http://blogs.reuters.com/talesfromthetrail/2011/11/22/washington-extra-blame-to-go-around/ Tracking U.S. politics Wed, 16 Nov 2016 03:39:51 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: GetpIaning http://blogs.reuters.com/talesfromthetrail/2011/11/22/washington-extra-blame-to-go-around/comment-page-1/#comment-421810 Sat, 26 Nov 2011 17:58:09 +0000 http://blogs.reuters.com/talesfromthetrail/?p=36848#comment-421810 Let’s put the “For 24 months, the Dems controlled all 3 branches of government” talking point into a little historical context, shall we?

In 2001 the CBO showed the United States is on track to pay off the entirety of its national debt within a decade.

From 2001 to 2009, with support from congressional Republicans, George Bush ran enormous deficits, adding nearly $5 trillion to the debt.

In 2002 Dick Cheney declares, “Deficits don’t matter.” Congressional Republicans agreed, approving tax cuts, two wars, and Medicare expansion without even trying to pay for them.

In 2009 Barack Obama inherited $1.3 trillion deficit from George Bush; Republicans immediately moved to condemn Obama’s fiscal irresponsibility.

In 2009 (the beginning of this 24 month “monopoly over government” the right likes to talk about) Congressional Democrats unveiled several domestic policy initiatives, including health care reform, cap and trade, and the DREAM Act all of which would lower the deficit. The GOP opposed ALL of them, while continuing to push for deficit reduction.

In September of 2010, Obama’s first fiscal year, the deficit shrank by $122 billion. Republicans again condemned Obama’s fiscal irresponsibility.

In October of 2010, S&P endorsed the nation’s AAA rating with a stable outlook, saying the United States looks to be in solid fiscal shape for the foreseeable future.

In November 2010, Republicans won a U.S. House majority, citing the need for fiscal responsibility. The first thing they did was demand extension of Bush tax cuts, relying entirely on deficit financing. And the GOP continued to accuse Obama of fiscal irresponsibility.

In March 2011, Congressional Republicans declared their intention to hold the full faith and credit of the United States hostage — a move without precedent in American history — until a massive debt-reduction plan was approved.

By August 2011, S&P downgraded U.S. debt, citing the Republicans’ refusal to consider new revenues. Republicans rejoiced and blamed Obama for fiscal irresponsibility.

So now it’s the end of 2011, and the Supercomittee is deadlocked – over what? Democrats called for a balanced plan that required shared sacrifice, and Republicans refused. GOP members freely admit that they weren’t prepared to compromise on tax revenue — indeed, their “offers” demanded that Dems accept more tax cuts, making the debt problem worse, on purpose — dooming the entire process.

Opinion polling on the outcome shows a slightly higher percent blaming Republicans for the failure to reach a compromise. I’m surprised it was even close.

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By: Gungy http://blogs.reuters.com/talesfromthetrail/2011/11/22/washington-extra-blame-to-go-around/comment-page-1/#comment-421786 Thu, 24 Nov 2011 14:08:51 +0000 http://blogs.reuters.com/talesfromthetrail/?p=36848#comment-421786 For 24 months, the dems controlled all 3 ( House – Senate and the oval office ). In that 24 months, the dems added $4.5 trillion to the debt almost and increased unfunded liabilities to over $60 trillion. Obama had already formed a bi-partisan committee headed up by Simpson & Bowles. They gave their report to Obama and he ignored it. Then he called for a joint leaders of congress ( again majority controlled dems )who’s GOP members in attendance formulated their opinions and again Obama ignored it. Now some 12 months later, we look back at $800 billion Bamacare, $800 billion stimulus called “shovel ready”, another $450 billion called the “stimulus jobs act” which now the dems won’t support in the senate.

And the GOP by Rueters polling that the GOP members on the “super committee” are equally to blame?

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By: PurpleGround http://blogs.reuters.com/talesfromthetrail/2011/11/22/washington-extra-blame-to-go-around/comment-page-1/#comment-421759 Wed, 23 Nov 2011 01:17:23 +0000 http://blogs.reuters.com/talesfromthetrail/?p=36848#comment-421759 How sad that the biggest area of common ground between right and left in the country right now is mutual disgust with congress. http://purpleground.com/2011/11/22/whats -the-opposite-of-super/

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