According to Eric Cantor, it’s perfectly acceptable to assure the already-dire housing market completely tanks.
From the Associated Press:
WASHINGTON (AP) — Sidestepping controversy, House Majority Leader Eric Cantor, R-Va., declined to take sides Monday on a proposal for higher taxes backed by fellow Republicans on Congress’ supercommittee, yet expressed confidence the panel would agree on a deficit-reduction plan of at least $1.2 trillion by a Nov. 23 deadline.
So let me make this clear: our REPUBLICAN House Leader has REFUSED to “take sides” in a proposal for higher taxes — “BACKED BY FELLOW REPUBLICANS” and considered by our Mr Obama’s so-called Congressional “Supercommittee.”
The only conclusion I can draw is this:
Republicans — confident, easy and comfortable in having been installed now in DC — have completely forgotten the reason for their being there and the strife that occurred this past November. They have forgotten their “promises.” You note, of course, the quotation marks.
And this is how easily Conservatives are betrayed.
With: $300 billion of tax hikes to be achieved by limiting the mortgage deduction and by limiting charitable deductions, state and local income tax deductions.
No Republican of which I am aware, ran on this platform. This wasn’t our “message” in November.
These ARE TAX INCREASES. No matter what you call it, these are tax hikes.
Hugh Hewitt writes:
What the GOP cannot do is fold and accept tax hikes, especially on the fragile housing market and the reeling not-for-profit sector. Limiting the mortgage interest deduction is the worst of many bad economic ideas bandied about by the Beltway wizards who first brought us Fannie and Freddie, and the canard that people don’t give to charity because of the deduction marks anyone who utters it as simply ignorant of how the world of churches, universities, hospitals and the hundreds of thousands of crucial not-for-profits from homeless shelters to disease prevention and research groups all operate.
Politically, Obama says that without these agreements in the Supercommittee, he will gut the military even further. The threat. The cheese and the whip.
Politically, the Republicans should stand firm and say:
- First, we’re not buying tax hikes, and
- Second, you want to gut the military, then it will be done in the bright light of day
- And its results will be on YOU
And it may cost you, Mr Obama.
Call the fucker’s bluff.
You will literally kill the already-execrable housing market and guarantee that charities are abandoned.
- If you’re a Demorat, you don’t care because it means more money.
- If you’re a Republican, you simply want to be loved and for everyone to just “get along.”
To my readers: and THIS is why Republicans took back the House?
This is why the TEA Parties were created?
BZ
Add in the gerrymandering, as states adjust districts based on the last census, and few of these folks will be held accountable.
Oh, BZ I wish that I could keep a straight face and pretend shock, but the fact of the matter is, there is as much of a political fix for our situation as there is a peaceful salution to both the middle east and the pigs in the “occupy” shadows. In all three cases, the only way to fix the situation is for critical mass to be achieved and then sort out the survivors.
Sorry, man but that’s just where we’re at. Until the dead wood is cut off physically from the tree of liberty, it will continue to degrade and be ill.
I think it’s a poker game right now. I think if the R’s came out and flat out said they aren’t raising taxes at all they’d give “O” more ammo to blame the R’s. They may be saying in private they won’t but in public they may be softer to remove the edge… At least that’s my hope…
We’ll see soon enough. IF the D’s are walking out it says the R’s are holding the line. IF they get them back to the table and still hold firm, the perception will be questioned…. You can’t show your cards too soon. And you sure as hell better not bluff unless you’re good at it.
WSF: excellent point; I had forgotten. Plus: add the ability of Congress to PROFIT from INSIDER TRADING as opposed to anyone else.
Greywolfe: and that’s where it’s all heading, anyway. Precious metals.
Robert: but what does history tell us?
BZ
The budget control act 2011 was a hasty plan to avert the debt ceiling crisis. Republicans (Boehner et al.)already offered $250 billion in taxes before this bill. Democrats are not wavering and are looking for $800 billion in taxes with the hand we dealt them. Short of a “compromise” (read a$$ ####ing)the control act would effectively gut the military.
http://www.defensenews.com/story.php?i=8249967&c=AME&s=TOP
“If the sequestration cuts are applied over the next 10 years, a highly unlikely scenario given the upcoming election, they would result in the smallest ground force since 1940, the smallest fleet of ships since 1915, and the smallest tactical fighter force in the history of the Air Force, Panetta says.”
So its bend over or we shoot you with your own gun. The first show down was half-a$$ed. We should have defaulted, and continued to drive the screw.
Now we must not only elect a conservative candidate, but we must have significant gains in the house and senate to undo the wreckage of the Budget Control Act 2011 or the impending compromise.
In terms of Mr. Hewitt and Bushwack’s metaphor,I am beginning to think we actually may need need to fold to avoid allowing the press to usurp the swing vote. We need to win big in 2012 or we’re definitely screwed. IMHO of course 🙂
History repeats itself. Here is a great fair brief read on the ’95-96 shutdown and its aftermath. Is history proving my point?
BZ, the most precious metal that people are going to need is lead. Listen as the union bosses ramp up their calls for violence. Listen as the soros funded munches in the “occupy” street gangs attack tea party rally’s and songs are being written in support that call’s our blood to be their paint. War on our southern border. War on our main streets. Class warfare and race baiting.
There is an all out push coming straight out of DC right now to cause this to blow sky high. The only reason that seems likely is to invoke presidential directive 51.
That would pretty much solve his re-election problems.
Doh! I apparently forgot to paste the link. Well, in context, I think it is worth the effort for folks to see it.
http://voices.washingtonpost.com/fact-checker/2011/02/lessons_from_the_great_governm.html