Here is video of Democrat Erskine Bowles and Republican Alan Simpson on “Meet the Press” today where they blasted Obama’s vaunted “Fiscal Cliff” Deal as essentially worthless when it comes to dealing with the nation’s massive debt. These two men led Obama’s own “Debt Commission,” which he has totally ignored as far as implementing their findings.
Erskine Bowles said flatly “We have GOT to reduce this entitlement spending.” Simpson quoted Bowles as saying about the United States under Obama, “We’re the healthiest horse in the glue factory right now.” Simpons went on: “The trajectory of debt, deficit and interest will match any of the PIGS countries – Portugal, Ireland, Italy, [Greece] Spain. . .”
Here is video of MSNBC’s Joe Scarborough on “Morning Joe” today where he slammed House Republicans for going along with the “Fiscal Cliff” Deal that raised tax rates, but did not cut spending. He particularly slammed GOP Rep. Paul Ryan for voting for raising tax rates but “doesn’t cut a dime” from spending “which everyone knows is the problem.”
Here is video of Charles Krauthammer summing up brilliantly the political impact of President Barack Obama’s victory in getting the GOP-controlled House of Representatives to approve the “Fiscal Cliff” Deal that raises tax rates but does not cut spending. The deal will add $4 Trillion to the National Debt over 10 years, but got 85 Republican votes anyway to give passage of the bill a wide margin, 257-167. Krauthammer says Obama cleverly used this deal to split the Republicans, diminish House Speaker John Boehner, and has effectively seized control of Washington D.C.
Here is video of President Obama speaking at the White House late last night after winning passage of the “Fiscal Cliff” Deal in the House of Representatives by a 257-167 vote. Obama thanked Vice-President Joe Biden and leaders in Congress for getting the deal done.
In a complete victory for President Obama, the House of Representatives tonight passed the “Fiscal Cliff” Deal, that raises taxes but does not cut spending, by an overwhelming vote of 257-167. The majority of Republicans voted against the deal, but enough crossed the aisle to vote with Democrats to put it over the top by a large margin. House Speaker John Boehner voted for the deal, along with GOP Rep. Paul Ryan. House Majority Leader Eric Cantor voted against it. It now moves to President Obama’s desk to be signed into law. The Congressional Budget Office estimates this deal will add another $4 Trillion to the National Debt over the next 10 years.
From @jacksonjk; Boehner voted yes. Cantor and McCarthy voted no. Paul Ryan voted yes.
After wrangling for most of the day, House Speaker John Boehner is ready to move ahead with a vote on the U.S. Senate-passed Fiscal Cliff Deal in the House of Representatives tonight, without any amendments being offered:
THE HILL:The House Rules Committee sent the Senate-passed “fiscal cliff” bill to the floor late Tuesday with a vote in the full chamber to take place around 10:30pm to 11pm.
After a day of lengthy internal GOP wrangling over whether to amend the Senate-approved bill, House GOP leaders decided that they did not have enough support to pass an amendment with Republican votes alone.
The move came after a pair of long closed-door Republican conference meetings, and is a signal that Speaker John Boehner (R-Ohio) believes there are enough votes to pass the Senate measure without changes. . . . Read More
Ah the virtue of journalistic impartiality and subtlety.
The media attack on House Republicans for not embracing the tax increase, no spending cut “deal” put together by Joe Biden and Mitch McConnell, has already begun. Here is video of an indignant CNN’s Wolf Blitzer telling GOP Rep. Darrell Issa, “You know, a lot of your constituents are going to hate you. They are going to hate your fellow Republicans in the House of Representatives if you don’t allow new legislation to go forward.”
House Republicans are balking at putting a rubber stamp on the “Fiscal Cliff” Deal passed by the U.S. Senate overnight – a deal that raises tax rates but has almost no spending cuts. Many in the media seemed to assume the House Republicans would feel forced to just go along with it – and they still might. But it is clearly in trouble, with the No.2 Republican in the House – Majority Leader Eric Cantor – saying this afternoon he does not support the bill:
POLITICO: A carefully-crafted Senate compromise to avert the fiscal cliff could be in jeopardy, as House Republicans seem nearly certain to tweak the legislation and send it back to the Senate because it doesn’t contain sufficient spending cuts.
The anger came to a head in a closed House Republican Conference meeting in the Capitol basement Monday, when the opposition to the bill — which would extend tax rates for families making less than $450,000 — was overwhelming, sources inside the room said.
House Republican leadership dispersed from the meeting mulling how to proceed with the Senate bill, which passed shortly after 2 a.m. Republicans are expected to meet again later Tuesday afternoon to try and settle on a decision.
In a real sign of trouble, House Majority Leader Eric Cantor, No. 2 in House leadership, came out in opposition to the package. . . . Read More
Reuters quotes “Senate Democratic leadership aide” : If the House makes changes, the Senate would not take up that legislation
NOTE 3:20 PM ET: The House has gone into recess subject to the call of the Chair. Unclear whether there will be a vote on it or not.
Here is Live Video of the U.S. House of Representatives, which has re-convened today, New Year’s Day, to consider the Fiscal Cliff Deal passed by the U.S. Senate 89-8 in the wee hours of this morning. It is still unclear whether House Republicans will go along with this deal, and decide to save the fight over spending cuts for the Debt-Ceiling Battle in March. We’ll post updates on how things are looking for the deal in the House as the day progresses. . . . Developing
House Republicans: Eric Cantor, party’s No. 2 in House, is opposed to Senate fiscal cliff deal in current form nbcnews.to/VxXigz
The Drudge Headline this morning, linking to this Breitbart story, pretty well says it all about the “Deal” passed by the U.S. Senate (89-8) last night to supposedly avoid the “Fiscal Cliff.” But the real “Cliff” of mounting debt and out-of-control spending by the Federal Government is still out there. It’s interesting to note that Sen. Marco Rubio and Sen. Rand Paul voted “No” on the deal. Both are possible GOP Presidential Candidates for 2016.
The House of Representatives has not yet voted on the “Deal,” and conservative House Republicans are not happy about the increase in taxes and almost complete lack of spending cuts in the deal worked out by Vice-President Joe Biden and Senate Minority Leader Mitch McConnell.
UPDATE 11:30 AM ET:Over at Hot Air, Ed Morrissey thinks the House Republicans will “grudgingly” go along with this deal. But Ed sees a possible “silver lining” in the deal for Republicans:
“The deal did not include any resolution on either the sequester or the debt limit. If there is a silver lining for Republicans, it’s that they have successfully delinked tax rates and spending issues in this fight. The next round of bargaining will deal only with government spending, and House Republicans will have the debt ceiling as a powerful card to play.
With the Senate voting 89-8 in favor of the bill, I’d guess that House Republicans will grudgingly go along with the deal, with a big assist from House Democrats this time around. They have until tomorrow to get the deal done in this session of Congress, though, so expect to hear plenty of debate first. . . .”
“No” Votes: Bennet D-CO, Carper D-DE, Grassley R-IA, Harkin D-IA, Lee R-UT, Paul R-KY, Shelby R-AL, Rubio R-FL #fiscalcliff
BREAKING: The Obama White House and the Republicans reportedly have agreed on a deal that will avoid the so-called “Fiscal Cliff” – at least for two months – but Vice-President Joe Biden is heading to the U.S. Capitol to sell the deal to the Democrats in Congress. Assuming they support their own President, the deal could be voted on in the Senate before Midnight tonight. But it only pushes back a couple of months another “Cliff” battle two-months from now over the Debt-Ceiling and spending cuts, which are not a part of this deal. Developing. . .
Group: Boehner Can’t Get Majority of GOP to Back Deal: American Majority Action, the conservative group that’s l… bit.ly/10HiPd7
Here is video of GOP Senate Minority Leader Mitch McConnell reporting “We have reached an agreement on all the tax issues” to avoid going over the so-called “Fiscal Cliff.” McConnell said a deal to extend current tax rates for most Americans is “very, very. close,” and that he would continue to work in the days ahead for ways to cut spending.
In other words, it appears Republicans are ready to agree to tax rate increases with no spending cuts. Dealing with the real Fiscal problem – runaway Government spending – is not going to be done once again.
U.S. SENATE WILL ATTEMPT TO VOTE ON FISCAL CLIFF DEAL MONDAYNIGHT, BUT STILL WORK TO BE DONE-REPUBLICAN SEN. JON KYL REUTERS
Here is CBS News’ Bob Schieffer this morning giving his take on the state of the “Fiscal Cliff” Negotiations. In the wake of House Speaker John Boehner’s failure to get the support of his own GOP members for his “Plan B,” Schieffer says “Right now, they are back to ground zero – I mean, I think they are below ground zero” on getting a deal before the end of the year deadline when tax increases take effect for everyone.