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View Full Version : The Half-Trillion Plan, by Charles Krauthammer



megimoo
07-22-2011, 08:00 AM
The debt ceiling looms. Confusion reigns. Schemes abound. We are deep in a hole with only three ways out: the McConnell Plan, the G6 Plan and the Half-Trillion Plan. — The McConnell essentially punts the issue till after Election Day 2012.

A good last resort if nothing else works. — The G6, proposed by the bipartisan Gang of Six senators, reduces 10-year debt by roughly $4 trillion. It has some advantages, even larger flaws. —
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— The Half-Trillion raises the debt ceiling by that amount in return for an equal amount of spending cuts.

At the current obscene rate of deficit spending — about $100 billion a month — it yields about five months’ respite before the debt ceiling is reached again.

In my view, the Half-Trillion is best: It is clean, straightforward, yields real cuts, averts the current crisis and provides until year-end to negotiate a bigger deal. At the same time, it punctures President Obama’s thus far politically successful strategy of proposing nothing in public, nothing in writing, nothing with numbers, while leaking through a pliant press supposed offers of surpassing scope and reasonableness.

As part of this pose, Obama had threatened to veto any short-term debt-ceiling hike. Which has become Obama’s most vulnerable point. Is the catastrophe of default preferable to a deal that gives us, say, five months to negotiate something more significant — because it doesn’t get Obama through Election Day?

Which is why Obama is already in retreat. On Wednesday, press secretary Jay Carney showed the first crack by saying the president would accept an extension of a few days if needed to complete an already agreed long-term deal.

Meaning that he would exercise his veto if that larger deal required several months rather than several days? Call his bluff. Let the House pass the Half-Trillion. Dare him to put America into default because he deems a short-term deal insufficiently grand.

After all, it dovetails perfectly with parts of the G6, for which the president has expressed support and which explicitly allocates roughly the same amount of time — six months — to work out the grander $3 trillion to $4 trillion deal


http://www.washingtonpost.com/opinions/the-half-trillion-plan/2011/07/21/gIQA0gnhSI_story.html

COMMENTS:
Just get the ball into Obama's court. He won't be able to get it over the net. Put the budget into his court!
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Stop mucking with Obamacare. Make the Dems live with it in all is ugliness with all its warts until they agree to repeal it and start over.

It didn't keep children from being dropped for preexisting conditions, it's needed thousands of exemptions to keep employers from dumping employees and retirees into the federal system, the 1099 clause was unworkable, and now the CLASS piece is patently unsustainable. Stop trying to patch it and kill it.
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Arroyo_Doble
07-22-2011, 08:30 AM
Just get the ball into Obama's court. He won't be able to get it over the net. Put the budget into his court!


To do that, you would have to get it passed in the Senate. So far, the Republican House has been unable to accomplish that goal. Passing wish list legislation is not putting the ball in the president's court.

megimoo
07-22-2011, 09:10 AM
To do that, you would have to get it passed in the Senate. So far, the Republican House has been unable to accomplish that goal. Passing wish list legislation is not putting the ball in the president's court.

2012 is going to be a bloodbath for the Liberal/Progressives and any Republicians who support it in the Senate if this corrupt debt ceiling increase passes .......Excessive, limitless Spending is mothers milk to the Liberals ,They're already screaming that the party base will fall apart if they don't spend more and more ....We're already insolvent and the party of spend and spend advocate spending even more to drive us into a deeper hole.

Arroyo_Doble
07-22-2011, 09:14 AM
2012 is going to be a bloodbath for the Liberal/Progressives and any Republicians who support it in the Senate if this corrupt debt ceiling increase passes .......Excessive, limitless Spending is mothers milk to the Liberals ,They're already screaming that the party base will fall apart if they don't spend more and more ....We're already insolvent and the party of spend and spend advocate spending even more to drive us into a deeper hole.

If we do not raise the debt ceiling, and there are reprocussions such as downgrading our rating at the state and federal level, the Republicans are boned. They are seen, rightly or wrongly, as the one unwilling to compromise. Pretending that the nation has no political center is a recipe for electoral disaster.

megimoo
07-22-2011, 09:40 AM
If we do not raise the debt ceiling, and there are reprocussions such as downgrading our rating at the state and federal level, the Republicans are boned. They are seen, rightly or wrongly, as the one unwilling to compromise. Pretending that the nation has no political center is a recipe for electoral disaster.
Default is an appropriate cure for the Liberal spending disease.When the revenue dries up and they all push for more taxes the people will finally smarten up and vote the buggers out En Masse ....It's time for a new type of Conservative government .One that is by the productive people,of the productive people and for the productive people....all others are but drones..

Over time mankind corrupts all it touches so this house has been corrupted and needs to be purified ...Neither party is without fault but by far the more corrupt are those quasy Liberal/Maoists who cry for more and more just to keep their party base satiated with our public funds.

AmPat
07-22-2011, 12:10 PM
To do that, you would have to get it passed in the Senate. So far, the Republican House has been unable to accomplish that goal. Passing wish list legislation is not putting the ball in the president's court.

How is it the fault of the Republican House to pass anything in the Senate?:rolleyes:

AmPat
07-22-2011, 12:11 PM
If we do not raise the debt ceiling, and there are reprocussions such as downgrading our rating at the state and federal level, the Republicans are boned. They are seen, rightly or wrongly, as the one unwilling to compromise. Pretending that the nation has no political center is a recipe for electoral disaster.

Are they accused "rightly or wrongly" in your opinion?

Arroyo_Doble
07-22-2011, 12:44 PM
How is it the fault of the Republican House to pass anything in the Senate?:rolleyes:

And how is the ball in the president's court if he has no bill to sign or veto? That was what I was addressing. The Legislative Branch has to work things out first.

AmPat
07-22-2011, 12:49 PM
And how is the ball in the president's court if he has no bill to sign or veto? That was what I was addressing. The Legislative Branch has to work things out first.

"The Legislative Branch[/B] has to work things out first"
Correct. That is not what you wrote. You appeared to place the failure of the entire ordeal at the feet of the Republican House. The Republican House and the Republican minority in the Senate has attempted to do the adult thing and fix the DUmmyRAT mess. The DIMoRAT majority in the Senate and the Idiot-In-Chief has failed miserably.

Arroyo_Doble
07-22-2011, 12:55 PM
"The Legislative Branch[/B] has to work things out first"
Correct. That is not what you wrote. You appeared to place the failure of the entire ordeal at the feet of the Republican House.

I was responding to a specific part of meg's post having to do with placing the Executive in the position of deciding factor in the budget. It is not the House "fault" if they do not get the Senate to adopt their plan but before they can force the president's hand, they have to have Senate agreement.

I don't see where that is a controversial thing to say and will just figure the problem is I said it.