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GOP Issues Latest Statement On Fiscal Cliff

Tyler Durden's picture




 

Spoiler alert: no compromise here. But at least there are 3 more trading days left... including December 31.

From the website of the Speaker.

GOP Leaders on Fiscal Cliff: Senate First Must Act

 

House Speaker John Boehner (R-OH), Majority Leader Eric Cantor (R-VA), Majority Whip Kevin McCarthy (R-CA), and Republican Conference Chair Cathy McMorris Rodgers (R-WA) today issued the following joint statement regarding the fiscal cliff:

 

"The House has acted on two bills which collectively would avert the entire fiscal cliff if enacted.  Those bills await action by the Senate.  If the Senate will not approve and send them to the president to be signed into law in their current form, they must be amended and returned to the House.  Once this has occurred, the House will then consider whether to accept the bills as amended, or to send them back to the Senate with additional amendments.  The House will take this action on whatever the Senate can pass, but the Senate first must act.  The lines of communication remain open, and we will continue to work with our colleagues to avert the largest tax hike in American history, and to address the underlying problem, which is spending."

 

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Wed, 12/26/2012 - 17:11 | 3097182 PUD
PUD's picture

There is only one way to address the spending issue...stop spending!!

Wed, 12/26/2012 - 17:29 | 3097252 Stoploss
Stoploss's picture

Just turn your backs on them. We are behind you. ( the ones with hardly anything left ) so it doesn't matter to us. X has known for a long time this was all a lie, and we have prepared for this day.

Tell Harry, and Nancy to pack sand in their fascist asses, they are on their own. 

The unease you are feeling is the result of something called, BALLS.

Get a pair, they're nice.

Wed, 12/26/2012 - 17:51 | 3097358 Freddie
Freddie's picture

Cut everything 10%. Across the board.  If the budget is not balanced - cut 5% more.  Keep cutting 5% more each month until it is balanced.  The Republicans should just come out and do it in the House.

Wed, 12/26/2012 - 17:57 | 3097375 John Wilmot
John Wilmot's picture

The Republicans in the House could have balanced the budget overnight in the summer of 2011 by refusing to raise the debt ceiling. They didn't. That tells you everything you need to know about the intentions of the House Republicans. The vast majority of them have no intention of ever cutting spending, except in the future, imaginary, cut-in-the-rate-of-increase sense.

Wed, 12/26/2012 - 18:40 | 3097513 eatthebanksters
eatthebanksters's picture

I wish it were that simple.  If the Repubs play hard ball then they may lose the majority in the House in two years.  If that happens and the Dems take control again with two years left in Obama's lame duck term, WATCH OUT.  They will spend until we are bleeding out of our asses.  The Dems give it all away to buy votes and they have gone past the tipping point with the numbers of their dependent addicts.  The majority of the people in this country aren't smart enough or they are too greedy to figure out the Democratic plan is unsustainable.  At least when the Dems take control again they will own whatever happens after (unless they keep blaming someone else). I see the Keynsian endgame on this shit in the next 5 years and when it happens is ain't gnna be pretty. Maybe then some of these lying scumbag hypocrite corrupt politicians will be held accountable by the people they are fucking.(Reid, Pelosi, Holder, Geithner, Axelrod, Jarrett, Obama, to name a few).

Wed, 12/26/2012 - 19:56 | 3097705 John Wilmot
John Wilmot's picture

"If the Repubs play hard ball then they may lose the majority in the House in two years."

If they can only keep the majority by selling out at every opportunity, then what good is the majority?

"At least when the Dems take control again they will own whatever happens after...I see the Keynsian endgame on this shit in the next 5 years and when it happens is ain't gnna be pretty"

Will the Left be blamed, as they ought to be, or will they exploit the crisis to further expand the power of the State, as they did last time?

Thu, 12/27/2012 - 10:49 | 3098731 northerngirl
northerngirl's picture

Most people that have some understanding of what is really going on are at the point of they just do not care what happens, because they know whatever happens it will be in the best interests of TPTB.  The remaining do not care because they believe the gov't will be there to take care of them.  So far things are not too bad for Union, Gov't workers and those receiving food stamps, and welfare benefits. 

Wed, 12/26/2012 - 19:23 | 3097630 DosZap
DosZap's picture

John Wilmot

 

Last time we had a balanced budget and a surplus was under Clitton, and the only reason was the GOP made him.

Wed, 12/26/2012 - 20:11 | 3097734 John Wilmot
John Wilmot's picture

Firstly, spending increased every single year from 1993-2003. The Republicans did not make Clinton cut a single (net) cent. The surplus from 1998-2001 was purely a result of increases in tax revenue.

http://www.heritage.org/research/reports/2012/10/federal-spending-by-the...

Secondly, there really was no surplus at all, it was only an accounting trick. During the "surplus" years of 1998-2001, the national debt increased by $281B.

http://useconomy.about.com/od/usdebtanddeficit/a/National-Debt-by-Year.htm

Wed, 12/26/2012 - 19:27 | 3097639 DosZap
DosZap's picture

stupe.

Wed, 12/26/2012 - 18:05 | 3097409 Zap Powerz
Zap Powerz's picture

Freddie,

Why do you assume the republicans want to cut spending?  What have they ever done that would lead you to believe this is their plan?

Republicans AND democrats are going to join forces and increase spending. Take that to the bank.

You should really give up the false hope that anyone, at any level of government, has any plan or desire to do the right thing here.  They are in it for job security and they remain employed by spending even more money than before.

Wed, 12/26/2012 - 19:36 | 3097658 Freddie
Freddie's picture

Sorry Zap.  The smell of napalm makes my thinking unclear at times.

Wed, 12/26/2012 - 21:53 | 3097900 FreedomGuy
FreedomGuy's picture

The question is whether government is limited by what the citizenry are willing to pay or whether the citizenry is limited by what the government is willing to confiscate. I say that the balance has shifted and the government has the power and is only limited by what it desires to take.

Thu, 12/27/2012 - 01:54 | 3098256 silverserfer
silverserfer's picture

You see we dont need no stinkin balanced budget. See we got these printin machines over there that take care of it.

Fogetaboudit!

Wed, 12/26/2012 - 18:03 | 3097397 Zap Powerz
Zap Powerz's picture

We have over spent by nearly 17 trillion dollars that we know of.  Sure, in theory, spending is the problem, but the problem is so big now that stopping spending wont fix it.  The only thing that fixes this kind of broken is collapse.  Mother Nature is gonna have to fix this because were too fucking stupid and lazy to do it ourselves.

 

Wed, 12/26/2012 - 20:22 | 3097753 John Wilmot
John Wilmot's picture

I disagree. It's not too late, if only there were politicians in office willing to make the necessary reforms. For example, Ron Paul's proposed budget would have balanced the budget in three years through spending cuts alone, and cut taxes, without greatly affecting the "sacred cows." It's entirely feasible, but the pigmen won't reform the system, and there isn't yet enough mass support to replace them with people who will.

Wed, 12/26/2012 - 18:18 | 3097447 Snakeeyes
Snakeeyes's picture

Exactly. Or as Mel Gibson said in "Get the Gringo!" "Stop spending my money!"

And the trivial spending cuts that go into play IFF sequestration hits BARELY reduces the annual DEFICIT!!!!!!!!!!!

http://confoundedinterest.wordpress.com/2012/12/24/santelli-if-the-fisca...

Wed, 12/26/2012 - 22:07 | 3097935 ball-and-chain
ball-and-chain's picture

I don't believe in that fiscal cliff crap.

We're too far gone.

Stop spending?  Welcome deflationary depression!

Continue spending and printing?  Wecome endless recession.

There's no way to win.

http://www.angrysinner.blogspot.kr/2012/12/yesterday-we-went-to-burger-king-for.html

Wed, 12/26/2012 - 17:11 | 3097183 NotApplicable
NotApplicable's picture

The Pass the Buck Act of 2012?

Wed, 12/26/2012 - 17:13 | 3097192 NotApplicable
NotApplicable's picture

Along with the Plausible Deniability Accountability Act?

Wed, 12/26/2012 - 17:23 | 3097229 PlausibleDenial
PlausibleDenial's picture

It wasn't me....:)        http://www.youtube.com/watch?v=KT-sGFTkQ54

Wed, 12/26/2012 - 17:11 | 3097184 HaroldWang
HaroldWang's picture

Great! It's settled. Now let's get back to one of the other dozens of crises out there.

Wed, 12/26/2012 - 17:11 | 3097185 Fips_OnTheSpot
Fips_OnTheSpot's picture

PLENTY OF TIME.

Wed, 12/26/2012 - 17:13 | 3097190 Bay of Pigs
Bay of Pigs's picture

The United States Senate. 100 of the most corrupted people walking the planet.

Are any of them even in Washington DC right now? 

Wed, 12/26/2012 - 17:16 | 3097201 fuu
fuu's picture

House Speaker John Boehner (R-OH-OH)

Wed, 12/26/2012 - 17:17 | 3097209 Toolshed
Toolshed's picture

Scooby reference?

If so, very appropriate.

Wed, 12/26/2012 - 17:16 | 3097202 Toolshed
Toolshed's picture

What a bunch of cowardly turds. Talk about major CYA!!! These fucks have no shame.......or spines.

Wed, 12/26/2012 - 17:16 | 3097204 Agent P
Agent P's picture

Fiscal cliff?  I thought our "leaders" were now focused on gun control?

Wed, 12/26/2012 - 19:19 | 3097623 DosZap
DosZap's picture

Fiscal cliff? I thought our "leaders" were now focused on gun control?

 

Yep, typical Obama tactics, overwhelm the system with multiple emergncies all at once, so the bewilderd do not know whether to crap or go blind.

HE has used these same tactics time and again to move FORWARD.

Wed, 12/26/2012 - 17:23 | 3097228 Everybodys All ...
Everybodys All American's picture

Geithner says we hit the debt limit Dec 31 2012. Do you believe him?

Wed, 12/26/2012 - 17:31 | 3097263 Kastorsky
Kastorsky's picture

is he Mayan?

Wed, 12/26/2012 - 21:06 | 3097824 Everybodys All ...
Everybodys All American's picture

no he is 100% traitor.

Wed, 12/26/2012 - 17:24 | 3097231 Jake88
Jake88's picture

we need a good depression

Wed, 12/26/2012 - 18:07 | 3097417 Zap Powerz
Zap Powerz's picture

Im already depressed.

Wed, 12/26/2012 - 17:34 | 3097278 Kastorsky
Kastorsky's picture

what I think of fiscal cliff debate:

http://www.youtube.com/watch?v=mUn12KvkgdI

Wed, 12/26/2012 - 17:43 | 3097328 Sudden Debt
Sudden Debt's picture

Like the Alcoholic standing in front of a bar said.... I won't drink alcohol...I won't drink alcohol....

and enters...

and says I won't drink alcohol, I won't drink alcohol...

and stands at the bar...

and says I'll only order orange juice... and a vodka...

but after that, no more! It's the last one!

and the next morning he's glad he only ordered one drink... because he coulnd't remember the rest anymore.

Wed, 12/26/2012 - 18:00 | 3097390 youngman
youngman's picture

It really is no longer important what goes on in Washington or the USA for that matter....watch what the rest of the world is doing....that is what will set our destiny...we no longer matter...we are a joke..

Wed, 12/26/2012 - 18:28 | 3097481 Snakeeyes
Snakeeyes's picture

Sequestration results in automatic budget cuts of $103 billion in 2013, BARELY 10% OF THE CURRENT FISCAL DEFICIT!!!!!!!!!!!!! IT'S NOT ENOUGH!!!!!!!!!!!!!!!!

http://confoundedinterest.wordpress.com/2012/12/24/santelli-if-the-fisca...

Wed, 12/26/2012 - 18:58 | 3097567 azzhatter
azzhatter's picture

The whole thing is like a bad joke. The entire debate is centered around reducing deficit by about $100B or less than 10% of the deficit. We need a $1 Trillion reduction as Dr Paul espoused. What a joke  "Rise Above" just like Squicky in Warren's bathtub

Wed, 12/26/2012 - 20:33 | 3097774 Bear
Bear's picture

Rise Above for a premature evacuation to the Moral Hazard High Ground

Wed, 12/26/2012 - 20:31 | 3097773 Bear
Bear's picture

" the largest tax hike in American history" ... no, the 16th Amendment in 1913 was the 'largest' in the sense that it was infinite ... from nothing to something 

 

Wed, 12/26/2012 - 20:34 | 3097778 sbenard
sbenard's picture

The fiscal cliff is a virtual certainty! Only Wall St still doesn't get it!

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