Revenues are swell– mandatory, in fact– but Steny Hoyer also said that President Obama and the Dems are ready to accept significant spending cuts, or as The Hill called them, reductions. Define “significant” por favor. “Significant” cuts to Medicare? Social Security? Those reductions?
Meantime, Republicans are pleased as punch with themselves and their threats to shut down the government. Crash that economy! Go-o-o GOP! Rah! America first! Aren’t they just totes adorbs?
Rejecting GOP ultimatums, Rep. Steny Hoyer (D-Md.) said Tuesday that new revenues must accompany spending cuts as Congress prepares to jump headfirst into a series of high-stakes budget debates. [...]
Hoyer, the Democratic whip, said it’s “categorically not true” that the last deal takes new revenues off the table in the coming talks.
“I certainly reject it out of hand,” Hoyer said during his weekly Capitol press briefing. “You cannot get to where we need to get — to get our country on a fiscally sustainable path — without additional revenues.”
It starts to get comical now, because Eric Cantor opened his big mouth and this WTF Moment fell out:
“It’s time for President Obama to stop putting our credit rating at risk and acknowledge we need a credible deficit reduction plan attached to any increase in the debt limit.”
That would be the spending that Congress approved, that Congress put on the Giant U.S. Visa card, the bills they racked up and voted for, the same ones Republicans are now refusing to pay now that they’re coming due.
They are the ones who are willing to hold everyone in the country hostage and put our reputation and the world economy at risk in order to get their ridiculous, disastrous spending cuts. It’s all explained in this post: You are about to enter another dimension, a dangerous land of debt ceiling negotiation. Next stop, the Deadbeat Zone!
All the projection in the universe won’t convince America that it is the president who is playing with lives when it is those on the right who have publicly and proudly said they are using the debt ceiling as leverage, as ransom. Stick that in your debt deal and smoke it, Cantor.