Jun 30, 2011 10:35 PM GMT
A bit more information has trickled out over the last few days detailing the exact state of the budget negotiations when they collapsed. Both sides, as they often said, were shooting for about $2.4 trillion in deficit reduction over 10 years. They’d already agreed on around $1 trillion in spending cuts and were making good progress on the rest of it. But Democrats insisted that $400 billion — so, 17 percent — of the package be tax increases. And that’s when Republicans walked.
So the Democrats are proposing 17% tax increases, 83% spending cuts, and the Republicans are rejecting it. Well, this just forces us to ask: What’s the ideal conservative Republican ratio here?
[Ignoring the methodological faults of the March, 2011 Joint Economic Committee (JEC) Republican report, Spend Less, Owe Less, Grow the Economy...]
So once again, just like in the government shutdown debate, Obama and the Democrats are fighting to get what the Republicans and the right-wing economic think tanks originally proposed they should do, and the GOP just keeps walking the goalposts to the right. If this comes down to the constitutional option, I hope everyone remembers that the Democrats have actually proposed doing exactly what the Republicans and the right-wing economists originally asked for.
Sound familiar? Individual mandate, cap-n-trade--all concepts invented by the Republicans and repudiated when adopted by the Democrats.