"The Devil Is In The Details"

[Cha]

Thought I'd add Lee Soderman's analysis..

Quote:Revenues
Democrats are upset that the deal does not include increasing revenues. But that’s not accurate. In fact, it virtually guarantees a revenue increase by the end of 2012. And Boehner knows it.

Here’s how it works: Part of the deficit reduction estimates used to sell this deal to the Republicans count on Congressional Budget Office estimates. Those estimates set a baseline. All reductions have to come from that baseline and if any additional spending is to be made, offsetting cuts must also be enacted.

Here’s where it gets interesting. The CBO baseline already assumes that the Bush Era tax cuts will expire at the end of 2012. The spending levels for 2013 include the additional revenue from those cuts expiring. If Republicans want to extend those tax cuts (which are considered spending), they will have to make cuts to the budget to offset every penny. They won’t have the political control needed to do that before the end of 2012, even if the President loses his office and they take control of the Senate, as the cuts expire in 2012, and a new administration and Congress would not be seated until January 2013.

Quote:So, What Did It Accomplish?

A whole bunch. Pell Grants have actually been increased. The default scenario has been averted until at least 2013 with a debt ceiling raise. It did not require the passage of a Balanced Budget Amendment. And the cuts that are included are backloaded, meaning that they come further down the line, when the economy is (hopefully) on a better footing.

Sure the President is taking heat on this now. But the focus can now be on jobs (on which there has not been a single piece of legislation), and Republicans who are gloating now may not be so cheerful when it comes time to make the cuts they demanded.

> More Details<
http://www.editedforclarity.com/2011/08/...e-details/

A Big Aloha to Chipsticks and The Obama Diary for this link~

[jaxx]

Anymore the President takes the heat for eating lunch. I wish people would read the details before they start the whining and threatening not to vote etc.

Thanks for the link....I'm getting to crave sanity, and that brought some.

(edit....I hit the wrong star!! )

(edit...hell I can't spell either.)

[Cha]

(08-03-2011 04:16 PM)jaxx Wrote:  Anymore the President takes the heat for eating lunch. I with people would read the details before they start the whining and threatening not to vote etc.

Thanks for the link....I'm getting to crave sanity, and that brought some.

(edit....I hit the wrong star!! )

I crave sanity and Honesty too. Thanks for telling me about the star situation..I got it up to 4.

[OptimistesMaddie]

(08-03-2011 04:16 PM)jaxx Wrote:  Anymore the President takes the heat for eating lunch. I wish people would read the details before they start the whining and threatening not to vote etc.

Thanks for the link....I'm getting to crave sanity, and that brought some.

(edit....I hit the wrong star!! )

(edit...hell I can't spell either.)

Even if they understood the details they still will bash him.

[Cha]

(08-03-2011 06:20 PM)OptimistesMaddie Wrote:  

(08-03-2011 04:16 PM)jaxx Wrote:  Anymore the President takes the heat for eating lunch. I wish people would read the details before they start the whining and threatening not to vote etc.

Thanks for the link....I'm getting to crave sanity, and that brought some.

(edit....I hit the wrong star!! )

(edit...hell I can't spell either.)

Even if they understood the details they still will bash him.

Of course. This is for the reality based population which seems to still out number those who make a living out of lying about the President and Dems.

[DFLforever]

Another great article from you today, Cha.

Thanks.

[Cha]

(08-03-2011 04:37 PM)DFLforever Wrote:  Another great article from you today, Cha.

Thanks.

You're welcome, DFLforever! We have a lot of great pragprog sites on the net full of intelligent beings who have these links for us.