Posted by AzBlueMeanie:
The political party that regularly takes America hostage and threatens to kill its economy (and jobs) unless Americans give their wealthy elite plutocrat masters everything they demand only knows one way, the bad faith way.
Some of the behind the scenes "cliff" negotiations were reported today in a POLITICO piece by Beltway media villagers and GOP spinmeisters VandeHei and Allen, Inside the talks: Fiscal framework emerges:
Cut through the fog,
and here’s what to expect: Taxes will go up just shy of $1.2 trillion —
the middle ground of what President Barack Obama wants and what
Republicans say they could stomach. Entitlement programs,
mainly Medicare, will be cut by no less than $400 billion — and perhaps
a lot more, to get Republicans to swallow those tax hikes. There will
be at least $1.2 trillion in spending cuts and “war savings.” And any
final deal will come not by a group effort but in a private deal between
two men: Obama and House Speaker John Boehner (R-Ohio). The two men had
a 30-minute phone conversation Wednesday night — but the private lines
of communications remain very much open.
* * *
There is no chance
taxes are not going up for people making north of $250,000 — and
virtually no chance that doesn’t include their tax rates, too.
Republicans publicly say they are opposed to rate hikes — but
privately they know they are going up, if not all the way to the
Clinton-era 39.6 percent, then darn close.
The reason is simple math. Take a look at this list, and you will see that any tax loopholes worth closing won’t get Obama or Republicans close to their targets.