S&P verdict… Tea Party found innocent, Obama and both Congressional parties guilty

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Late yesterday, the judge (the S&P) issued a verdict on the status of the case involving the US economy, and exonerating the accused defendants (the Tea Party) of all charges leveled by the plaintiffs (the WH, both parties of Congress, and the media). Said accusations? That any repercussions of the debt ceilings debate – aka national credit ratings, general Armageddon, and all ensuing fallout – were primarily the responsibility … aka *blame*… of the grassroots, unorganized and unofficial movement referred to, generically, as the “Tea Party”. These accusations, without founding in any logical other than political demonization, were based on supposed influence on Congressional members, attempting to use the need for a debt ceiling increase, as the correct moment for also negotiating a path to fiscal responsibility.

Needless to say, fiscally minded tea party types were not rewarded with any action by Congress to control spending… gifted with only a patchwork promise to spend $2 trillion less than the projected $9 trillion over the next decade. So it becomes the height of irony that anyone can suggest the tea party had any significant effect on the negotiations. Instead, it came down to the age old party battles… the Dems wanting to raise taxes and ignore Medicare and Social Security reform, and the GOP wanting to cut spending, not raise taxes, and also ignore Medicare and Social Security reform.

Neither of these positions accurately reflect the Tea Party’s insistence that we can no longer ignore the entitlements, that no amount of tax increases will muster up to snuff for continued Congressional spending, and that attempting to draw more blood from the taxpayer turnips in this recession is foolhardy. Additionally, fiscal conservatives are fully aware that the size of government… hopefully worthless and effectual thousands of federal agencies and not our Constitutionally mandated military… needed to be reduced in size, streamlined in efficiency, or just outright eliminated.

Were any of these points even acknowledged, let alone addressed, in the political farce that played out before our eyes these past weeks? Of course not. And perhaps the one plan that may have had a shot at achieving what was necessary – the Connie Mack “Penny Plan” – has received little press or attention from the bigwigs who hold the nation’s fate in their less than adept hands. A plan that even liberal Lanny Davis said was worthy of a another look.

Unlike our current debt ceiling system, it’s very responsible in the process to consider budget when raising the national credit card limit. And the US debt ceiling process is unusual compared to other developed countries, “…since the U.S. debt ceiling process moves independently of the general budgeting process.”

That the authority to borrow remains so disconnected to budgetary constraints and considerations, as well as economic growth, in America is, IMHO, seriously flawed in and of itself. Other countries address their debt ceilings in ways that draw more attention to out of control fiscal spending. But the American way is, in some ways, backwards. First Congress spends, then ups the debt ceiling to pay for their spending….

As a Feb 2011 GAO study on the US debt ceiling, as compared to other nations process, notes:

The United States is unusual among the countries we reviewed in using the authorization of additional borrowing authority as an occasion to draw attention to past fiscal policy decisions. Other countries that we reviewed generally use fiscal rules or targets to increase attention to or control over fiscal policy decisions that lead to an increase in debt. Fiscal rules generally refer to permanent or multiyear constraints on fiscal policy through simple numerical limits on budgetary aggregates. For example, Switzerland has adopted a constitutional “debt brake” that places a limit on expenditures that is equal to the expected revenue for the year adjusted to reflect the country’s place in the current business cycle. Differences between estimated and actual numbers are recorded in a separate account that must by law be reduced if it reaches a certain level. Germany has adopted a “golden rule” limiting net borrowing to the amount of investment spending. Germany also approved a constitutional amendment in 2009 requiring that structural deficits not exceed 0.35 percent of gross domestic product (GDP)—or very close to balance.

~~~

The debt limit does not control or limit the ability of the federal government to run deficits or incur obligations. Rather, it is a limit on the ability to pay bills incurred. The decisions that create the need to borrow are made separately from—and generally earlier than—the decision about the debt limit. Debates surrounding the debt limit may raise awareness about the federal government’s current debt trajectory and also provide Congress with an opportunity to debate the fiscal policy decisions driving that trajectory. However, since this debate generally occurs after tax and spending decisions have been enacted into law, Congress has a narrower range of options to effect an immediate change to fiscal policy decisions and hence to federal debt.

Aside from this disconnect between spending first, then increasing the national credit card limit, it was also disingenuous of any of the negotiating parties… Obama, or either party leaders in Congress… to assume confidence that raising the debt ceiling, without considering the out of control spending, would be sufficient to maintain a good credit rating by the global agencies.

As I had mentioned in my July 14th rant against this political farce the WH and both political parties were subjecting us to, our national credit ratings were never based just on whether a debt ceiling was raised, but what measures the elected ones were going to take to get the out of control spending and debt under control down line.

Even Moody’s had warned the WH and Congress that the credit ratings outlook did not rest solely on simply raising the debt ceiling. Therefore it was no surprise to anyone paying attention that the Standard & Poor rating agency, as predicted, lowered the US credit rating from AAA to AA+ on Friday. Apparently, the only ones *not* paying attention were those with the power to negotiate.

What was the most telling point was S&P specifically noted that the guilt lies with the WH, and both political parties of Congress… the only authorities that had the power to:

1: address entitlements reform, but didn’t… and
2: fell way short of reining in spending and debt with the minimal S&P felt necessary.

We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.

We also believe that the fiscal consolidation plan that Congress and the Administration agreed to this week falls short of the amount that we believe is necessary to stabilize the general government debt burden by the middle of the decade.

Standard & Poor (S&P)… …. is one of the most widely followed indices of large-cap American stocks when monitoring the markets, and one of the quintessential organizations known for their global credit rating prowess. They had delayed their opinion following the debt ceiling lackluster finale. But what is most interesting is that they felt it was fruitless to even wait to see what the so called “super” committee would come up with for additional remedies to reign in spending, and attempt to extract yet more revenue to support their spending habits from a private sector mired in stagnant economic growth.

Needless to say, all the guilty parties – Congress, both parties – are using the predictable event of credit deterioration to escalate the fingerpointing for political purposes. For the Democrats, Senate Leader Harry Reid insists the S&P was proof positive they were right in insisting for higher taxes. Not to be outdone, House Speaker returns fire, saying it was the fault of the Democrats, refusing to halt the spending binge.

Of course, it didn’t bode well for Boehner that it was only days before where he claimed he got 98% of what he wanted out of the deal… Obviously what Boehner “wanted” was never going to be enough to maintain the US credit rating, despite multiple warnings from sundry agents.

With conservative leaders like this, what’s a taxpayer to do? How can it be that we mere, dumb citizens knew that the deal was never enough, and these high paid elected ones did not? It was also disconcerting that GOP hopefuls, for the most part, either hid in the closet or headed for the hills… afraid to take a leadership position of any note.

Then comes along Obama, livid with S&P at daring to lower the US credit rating at such a delicate time in his political career. It didn’t take long before he sent out his mouthpieces to challenge S&P’s analysis itself… and obviously happened upon an Obama supporter who claims the agency’s analysis was flawed, but was sticking to it’s guns….

…. All off the record, of course. How extremely convenient. Just enough to float a rumor, and hope for public scrutiny and humiliation for S&P. What Alinsky Rules for Radicals number was that again?

S&P’s John Chambers made the talking heads rounds, pointing out that the WH indignation and attempts made not an iota of difference because it still came down to the very same facts….that the GDP to debt ratio will rise over the next decade because Congress… all parties… refuse to address what is needed.

John Chambers, head of sovereign ratings for S&P, skirted the criticism in a CNN interview Friday night.
“It doesn’t make a material difference — it doesn’t change the fact that your debt-to-GDP ratio … will continue to rise over the next decade,” he told “AC360.”

In July, S&P placed the United States’ rating on “CreditWatch with negative implications” as the debt ceiling debate devolved into partisan bickering.

To avoid a downgrade, S&P said the United States needed to not only raise the debt ceiling, but also develop a “credible” plan to tackle the nation’s long-term debt. Chambers said the slowness at raising the debt ceiling and the political infighting led to the move.

“That is what put things over the brink,” he said.

In announcing the downgrade, S&P cited “political risks, rising debt burden; outlook negative.”

“The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics,” the agency said.

Every word spoken exonerates the Tea Party and fiscal conservatives demand that Congress address the national spending and debt problem… all of which revolves primarily around entitlements that are taking the nation over the fiscal cliff. It turns out the grassroots movement was correct, and the elected ones were those who thought they could pull a fast one.

Now they can only shoot political bullets at each other for their folly. Small consolation for the real losers, as I originally predicted in mid July…. the American taxpayers of all political affiliations.

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@John (#29): The problem with not being a conservative on this blog is that one is hit by a blizzard of arguments, not from a single person, but by several to many people at once. No sooner do you (meaning me) try to answer one comment than you are hit, from several directions, from several people with other comments.

The sort of debate which I find productive is to focus on a single issue and discuss this with a single person, until both me and the other guy can explore the issue in depth and at least come to understand the other’s position accurately. I don’t like “speed debate,” with 3 or 4 people at once.

I started this wanting to simply to comment on Mata’s headline, which is a gross distortion of the “S&P verdict.”

As so often happens, it quickly spiraled out of control and beyond my ability to address, without putting my life on hold for several days, working through all the issues with all the people.

I write this simply to state that I did read your comments and I appreciate both the quality of thought and polite tone. I wish that we could pick out a single issue at a time (e.g. effects of energy regulation on consumer costs, or whatever) and just make our respective points and then, at a later time, take up something else. But these discussions can’t be controlled.

@thamster (#43):

There are conservative blogs which are far more intolerant than this one. This blog has the usual cadre of resident cranks that you’ll find anywhere, but there are quite a few very thoughtful and polite people, also. I learn a lot from spending time here, both from other people and also from the research it takes to answer criticisms. So it’s time well spent, although it can become an overly consuming diversion, unless one is willing to let it go when it gets out of hand, given that you’ll never get the last word, as you are so badly outnumbered.

– Larry Weisenthal/Huntington Beach, CA

@ thamster

Who cares about what actually happened! Facts doesn’t matter!

I’m heading out the door to have this put on bumper stickers. I’m thinking Obama should change “Yes we can!” to “Facts doesn’t matter!” Hell, the whold DNC should pick up this charge.

@ Aye

Precedent Downgrade

Stealing it. Don’t know what I’m going to do with it, but I’m stealing it. I’ll make sure you get credit in very fine print. 😉

@mata (#59):

S&P did “chastise the GOP more than the Dems.” Both parties were blamed for gridlock, but the specific example given was the GOP digging in not to allow for any tax increases, while no specific mention was made of Dem intransigence in with regard to spending cuts.

Once again, what S&P wanted was $4 trillion in DEFICIT reduction. They did not call for $4T in SPENDING reduction.

It is obvious that Boehner and McConnell and the GOP rank and file would have gone along with some tax increases (under the cover of loophole closures and tax code restructuring), absent the Tea Party. What do you think Boehner was referring to when he said that he “stuck out [his] neck a mile?”

The long term deficit is a long term problem. The short term economy is a short term problem. The explosive rise in debt:GDP ratio resulted from a recession which threatened to become a depression. This was a true emergency. Both GOP and Dems supported massive bailout and stimulus programs. The Dem stimulus was greater than that proposed by the Republicans by $200 billion. Not chump change, but not what it’s been made out to be, and a drop in the bucket, with regard to our debt.

In any even, debt:GDP is projected to stabilize just above 1.0. It was much higher than that after WWII, and the USA didn’t turn into Greece. The way our country addressed the problem was with high tax rates, along with lots of government spending (Marshall Plan, GI Bill, Interstate Highway System, Great Society, Apollo program, Vietnam War). Despite all the spending, we paid the debt ratio down to near 0.3. Until we tried the crazy experiment of cutting taxes, on the grounds that this would unchain so much economic activity that the tax cuts wouldn’t lose money for the treasury and necessitate increased borrowing. A reasonable theory at the time (as was Marxism, for that manner). But now completely discredited by the real world results (just as Marxism was discredited by real world results). Supply side economics. The Laffer Curve. George HW Bush (a much underrated man) got it right. Voodoo economics.

Anyway, the long term debt is not an emergency and the long term threat is overblown. S&P didn’t downgrade because they thought the US was going broke, but because the US political system was gridlocked, with the specific mention made of the GOP being unwilling to compromise on much needed tax increases. There’s little doubt that the GOP’s position was because the individual members have all been frightened by the power of the Tea Party, given the results of the 2010 primary season.

So the claim that S&P found the Tea Party “innocent” is simply not true. S&P did no such thing.

– Larry Weisenthal/Huntington Beach, CA

Hey!
Somebody scraped our coke snorter-in-chief off the floor and put him out there to read the teleprompter.
He was an hour late.

PS,
I wonder why Obama chose the ping-pong dual teleprompter set up?
There’s no audience in the room.
He should have spoke to the teleprompter in front of the camera.

@nobiggovduh:
@Carl:
The Federal EPA does not do anything in states with compliant EPA organizations except give them the funds to exist. There is not any overlap.

You really should read what you post. Your claim above is all the more reason to eliminate the Federal EPA. Every State EPA must comply with the Federal EPA thus by YOUR post the Federal EPA does NOTHING!!! Thus you make my case.

@Aye:
Really? You’re going to use editorials (which are personal opinions), and opinions from a REPUBLICAN senator (Rob Portman) as ‘proof’ Obama rejected the commission’s proposals?

I was hoping for a link to a quote or an article with Obama stating he REJECTS the proposals of the commission, as you boldly claimed. You may as well link to a right-wing blog proclaiming ‘Obama is a communist!’ as proof that Obama is a communist.

Regarding your second reply, Larry answered it pretty well in his follow-up. To add anymore to it would be going in circles.

@thamster:

Dood!

There are four…count ’em…FOUR source citations there. One of them happens to be a quote from Portman. That doesn’t make it invalid when the facts back what he said. Dumbazz.

All of them agree that Precedent Downgrade rejected the proposals from the fiscal commission.

Hell, even his Chief of Staff is in there stating that the recommendations were ignored.

So, now that I’ve provided you with the source citations that you requested, and have completely destroyed your argument to the contrary, kindly link the proposals put forward in writing by Precedent Downgrade which reflect his support of the fiscal commission’s recommendations.

Also, regarding my second response, Larry has not yet been able to successfully dissemble my argument so your reliance on what he has put forward is laughable.

@MataHarley:
Wow, you ability to forget what you wrote is astonishing. Let me remind you:

“There are no Congressional “tea party” people”

Which is the point that I noted you contradicted yourself on.

Then later you wrote:

“There are 60 House representatives that caucus for Tea Party.”

Are there or are there not? Were they exonerated (which implies there ARE Tea Party people in Congress) or not? You can’t have it both ways.

“To show you just how little influence the movement had on their GOP representatives, The Hill documents that the Tea Party caucus virtually ignored the debt ceiling debate.”

Again, cherry-picking your data and completely contradicted by actual events:

http://abcnews.go.com/Politics/debt-ceiling-debate-heats-tea-party-hell-raising/story?id=13597695
“Our message has not only been no, but hell no” to raising the debt limit, Amy Kremer (of Tea Party Express) told ABC News.

“When someone enters this forum with cogent and substantiated arguments, and not just patented talking points, I’m generally civil.”

Right… that must be why you responded to Larry’s non-personal and ‘substantiated arguments’ with ‘Ah, the smell of desperation.’ Very civil.

“However I’m not one to suffer fools… of which both you and nobiggovduh serve as fine examples.”

Your constant name calling and hominem attacks do not cover up the fact that your arguments are often contradictory, and based on selectively posting barely relevant opinion pieces that weakly (if you draw tenuous conclusions) support your ill-thought-out logic. In fact, you often respond to posts in which you were unable to offer counter-arguments with insults. Who’s the real fool here?

@Aye:
“There are four…count ‘em…FOUR source citations there. One of them happens to be a quote from Portman. That doesn’t make it invalid when the facts back what he said.”

Four ‘sources’; 3 of which are opinions (two from editorials, one from a political opponent), and one from a news talk host trying to frame a question for her guest (by the way, the guest’s answer argued against your assertion). If you don’t understand why those are bad sources, you may want to look up some journalism guidelines. Here’s a start (from wiki) – “Editorial commentary, analysis and opinion pieces are reliable for attributed statements as to the opinion of the author, but are rarely reliable for statements of fact.”

“Dumbazz.”

Oh, your argument hold so much more weight now that you used that logic. Brilliant.

@thamster:

Let me get this straight now…you’re criticizing my sources…and then using Wiki to back up your opinion?

Oh, that’s rich. But then, the irony would likely be lost on you. No wonder you earned the Dumbazz moniker.

But I understand how it is for you. I’ve presented the facts you asked for — I even have Chief of Staff Daley in the mix — and, since you can’t possibly explain away the validity of what the sources are saying with any sort of fact, the only option you have left is to desperately flail away at the messenger.

The facts are plain on this one. Precedent Downgrade formed the fiscal commission, then rejected what they had to say and moved forward with his own ideas.

If you’ve got any source material to rebuff what I’ve stated here, ie specific policy proposals in writing which embrace the recommendations, then feel free to present it.

Absent said source material, your arguments to the contrary are moot.

@Aye:
“Let me get this straight now…you’re criticizing my sources…and then using Wiki to back up your opinion?”

Uh, those are wiki guidelines, which are surprisingly very strict and well written, and not a wiki article. Incidentally not using editorials as sources is journalism 101. You don’t know that? And I’m the ‘dumbazz’?

“If you’ve got any source material to rebuff what I’ve stated here, ie specific policy proposals in writing which embrace the recommendations, then feel free to present it.”

Oh I see. I must present ‘specific’ policy proposals, but you can produce ‘opinions’ stating that if Obama didn’t incorporate commission suggestions in his budget, this is absolute proof that he ‘rejects them’ (your assertion), as though there are no other circumstances in which the proposals can be considered.

Again, not going to play that game – changing the rules and standards as they fit at your leisure.

The only one playing games thamster is you. You tried to play gotcha and that blew up in your face. You haven’t been able to prove one thing you’ve claimed, and have lied repeatedly.
The sad thing is you seem to think you are “winning.” Charlie Sheen will be your other name around here besides dumb*ss. If you had even two brain cells to rub together you’d understand just how badly you are embarrassing yourself. Being a typical bigotted leftist, you haven’t a clue…about anything.

@MataHarley:
I just love the way you ‘debate’ by either changing the argument (attacking the strawman) or calling names, and completely disregarding your own contradictions by redefining what the ‘Tea Party’ is. It’s really breath-taking, if only for the lack of coherency in argument.

In any case, it must nice. Taking credit for the Tea Party for the positives (‘we push Obama for spending cuts!’, and disavowing any connections (‘holding up the agreement? That’s not us!) when things turn bad.

I never claimed Chamber’s quote was the ONLY reason for the downgrade (there you go again changing the argument). I brought it up because you refuse to acknowledge political infighting (led by the Tea Party representatives) were a major cause of the downgrade, even though you posted the quote yourself. Again, cherry-picking bits and pieces to support your pre-drawn conclusion that the Tea Party had nothing to do with the debacle.

By the way, I leave you with this from the S&P report:
“We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.”

Still going to say the Tea Party (and their obstinate insistence on no taxes – Boehner and McConnell were willing to at least consider it) had no part to play in the credit downgrade? Or are you going to redefine the Tea Party’s position to squirm your way out of this one?

@MataHarley:
“Wow… I sure love the smell of nepalm… er, desperation… in the morning.”

You already used that line… twice. At least come up with some new insults if you’re going to debate with insults.

“So ignoring the debt commission’s proposals, and *not* incorporating them into the Presidential budget , constitutes Obama’s “acceptance” (for the definition challenged, the opposite of “rejection”) of those suggestions now?”

Uh, he did in April. How is that a ‘rejection’?

By the way, it was Aye who claimed they were rejected by Obama. Nothing was said about ‘acceptance’ by me. You inserted that yourself.

So much for paying attention… and reading comprehension.

Just using your own tactics. 🙂

@Hard Right:
Hard Right, if I’m ignoring you, it’s because you keep throwing all these insults and accusations without using any sorts of backup or evidence, or even rational arguments. Go ahead, I’ll continue to ignore.

@mata: You are expending an enormous amount of energy (and bandwidth) to defend an indefensible position, to wit:

S&P Verdict…Tea Party found innocent.

This suggests that S&P evaluated the impact of the Tea Party’s role in the GOP insistence in not agreeing to tax increases. S&P did not go into that level of detail; just as S&P didn’t specify any preferred combination of spending cuts and tax increases, although their press release makes it perfectly clear that S&P felt that tax increases should definitely be a component of the “mix.” Rather, one reason for the downgrade, which was specifically spelled out in their press release, was GOP intransigence in not permitting tax increases to be part of the deficit-reduction mix. This was specified in their press release.

Now, you may personally believe that the Tea Party had nothing to do with the GOP’s unwillingness to raise taxes, but S&P didn’t address the forces behind the GOP’s tax position — much less exonerate the Tea Party, as screamed by your blog post headline.

Why don’t you simply (and graciously) concede that your headline was incorrect?

– Larry Weisenthal/Huntington Beach, CA

@thamster:

In #51, the hamster said:

The commission’s ideas were not rejected by Obama (he actually supported many of them and urged compromise)

In #52 Aye responded:

If that’s true then you’ll have no problem linking the proposals put forward in writing by Precedent Downgrade which reflect his support of those ideas.

In #53 you agreed to my challenge with conditions:

Sure, after you post a link showing the proposals were rejected by Obama.

In #55, I provided multiple sources showing that Obie had rejected the fiscal commission recommendations.

Those sources included, but were not limited to, White House Chief of Staff Daley.

Now, after the sources have been presented, you want to reject them not because they are factually invalid, but because they are editorial in nature.

Desperate.

Finally, you want to whine that I am “changing the rules and the standards as it fits at your leisure.”

Desperate.

Clearly the “rules and the standards” have not changed. They were clearly established way back in #52 as shown above.

You’re just wriggling on the hook as the big fish swims ’round you.

Now, Dumbazz, where are the proposals put forward in writing by Precedent Downgrade which reflect his support of the fiscal commission recommendations?

@MataHarley:
“I’m not sure how many time it needs to be pointed out to you that the TP want’s deficit/debt reduction, entitlement and IRS reform,”

Are they or aren’t they, as one of the their core principles, against the idea of raising taxes?

“Apparently, being a hard core leftie”

I’m not a ‘leftie’ but in your simplistic world-view, I guess anybody who doesn’t agree with you is a lefty or commie.

“Desperation”

Yeah, that word. I like how you picked out the other word that you know I’m not referring to and honing in on that (strawman again).

“I’d say that wasn’t a rejection… I’ll give you that.”
“He rejected it by deliberately not including it in the official budget.”

Is it just me, or did you just contradict yourself again? Once again, changing the argument to suit whatever point you’re trying to make at the moment.

“Well, mr. desperate braintrust… he has two choices. He can either “reject” the proposals by his own debt commission (which he did by not including them in the budget), or he can “accept” them. Not really difficult. You either support the proposals, or you don’t.”

Or you can keep then under consideration and incorporate them at the appropriate time, as he’s done. If I’m thinking about buying a car, but haven’t yet, does that mean I rejected buying a car? Do you always see things in such simplistic terms? Black and white? Yes or no? You’re with us or against us? You lack multi-dimensional thinking, and I’m the fool?

By the way, I interpret the insults as an inability to debate coherently, so keep them coming.

@Ayehole:
“where are the proposals put forward in writing by Precedent Downgrade which reflect his support of the fiscal commission recommendations?”

Happy?

@thamster:

Uh…dood. You’re really not very good at this are you?

Linking to an article that refers to a speech that the unPrecedented made does not a written policy proposal make.

In fact, your cited article clearly states that the referenced speech by The Won was short on specifics and details. Nothing more than shuck and jive lip service as Mata so aptly described it.

So again, Dumbazz, where are the proposals put forward in writing by Precedent Downgrade which reflect his support of the fiscal commission recommendations?

Photobucket

@mata: I was making a very specific comment — I’m really not at all up for a general debate on what mixture of spending and taxing is most appropriate, beyond what I’ve already written (earlier). My comment is that, contrary to your headline, S&P did not absolve the Tea Party for contributory blame in exacerbating government gridlock to the point where common sense compromises have now been taken off the table.

– Larry Weisenthal/Huntington Beach, CA

@Ayehole:
“Uh…dood. You’re really not very good at this are you?”

LOL I knew this was coming.

“Linking to an article that refers to a speech that the unPrecedented made does not a written policy proposal make.”

Frankly, if you want to see the actual document go dig it up yourself. That’s EXACTLY what I meant by changing rules. You can offer weak opinions as ‘proof’ of your argument that Obama rejected the commission (but nothing quoted to Obama), but I have to provide ‘written policy proposal’ for my argument that Obama accepted the recommendations of the commission.

Do you not see the disparity in the standard levels of the sources?

Typical of the right to stack odds in their favor, then claim ‘fairness’, Ayehole.

@openid.aol.com/runnswim:

Larry, I’m siding with Mata on this, and it’s probably not a big surprise.

Your statements regarding Mata’s headline, without someone reading the rest of the article, would lead that person to believe that Mata is implying that the S&P statements specifically mention, or imply that they have stated that the TEA Party is not responsible for the downgrade. That is misleading, and intellectually dishonest of you.

The first part of Mata’s article;

Late yesterday, the judge (the S&P) issued a verdict on the status of the case involving the US economy, and exonerating the accused defendants (the Tea Party) of all charges leveled by the plaintiffs (the WH, both parties of Congress, and the media). Said accusations? That any repercussions of the debt ceilings debate – aka national credit ratings, general Armageddon, and all ensuing fallout – were primarily the responsibility … aka *blame*… of the grassroots, unorganized and unofficial movement referred to, generically, as the “Tea Party”.

See that bolded portion? It is in reference to various talking heads and government officials, including people like Kerry, who call this a TEA Party downgrade. Mata is merely pointing out that S&P’s own words contradict those accusations.

S&P’s own words;

We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.

To avoid a downgrade, S&P said the United States needed to not only raise the debt ceiling, but also develop a “credible” plan to tackle the nation’s long-term debt.

“The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics,” the agency said.

Now, you will remember, hopefully, that every plan brought forth by the GOP was threatened with veto by Obama, and stated as “Dead on arrival” by Reid. Some of those plans actually met S&P’s stated requirement of $4 Trillion to avoid a downgrade, yet, Obama and the Dem Senate still shot them down. And one of them even included some tax increases.

Yet, you seem to want to follow Kerry’s lead and lay all the blame for the downgrade on the TEA Party, even though the TEA Party never cobbled together a unified, stated repudiation of any of the plans, and that less than half of the ‘TEA Party caucus’ in congress voted against the “deal” that was accepted.

The fact of the matter is that the blame rests on the shoulders of the GOP, the Democratic Party, and Obama himself. The former for not holding firm on needed spending limitations, and the latter two for doing virtually nothing during the whole debate except for criticizing every other plan brought forth.

We have a dysfunctional Congress, and an overreaching Executive Branch that doesn’t lead.

In short, the S&P report, and subsequent comments from company officials, exonerates the TEA Party against the accusations of the WH, Congressmen like Kerry, and much of the MSM pundits and talking heads. And your answer is to attack Mata, and attempt to confirm those accusations against the TEA Party, when none of the words issued from S&P support your assertion.

@MataHarley:
“Your move, braintrust. ”

Wow, a new line. Tired of ‘desperation’?

I’ll ‘move’ when you stop ducking the questions I posted. I purposely kept them one-line so you can’t miss them.
Once again, explain your contradictions:
On whether Tea Party exist in Congress,
And if Obama rejected the commission, how is it he incorporated their ideas in his April proposal?

Explain the Tea Party’s position on tax increases. Are they for them or against them (there, I kept it simple and two-dimension, just for you.)

“There is a difference in mulling over the purchase of a car, and submitting an official POTUS budget.”

You’re right, one is a simple process, which surprisingly has more than two possibilities. The other is more complex, which for some reason you feel should only involve two choices (reject or accept). Bizarre!

@thamster:

Frankly, if you want to see the actual document go dig it up yourself. That’s EXACTLY what I meant by changing rules.

Yo, Dumbazz, as much as you’ve tried to duck, dodge, shuck, and jive there have been no changes to the rules. Nor will I allow you to make any changes.

I laid out the synopsis for you in #85 above.

The standard was clearly established and you plainly agreed to it. Yet, you’re still wriggling.

Scurry along now, and find a link to the written policy proposal that I’ve been asking for since way back in #52.

@Aye:
“The standard was clearly established and you plainly agreed to it. Yet, you’re still wriggling.”

LOL as I’ve said over and over, you have yet to show a source showing ‘Obama rejected the commission’s proposal’, only the opinions of several (including a REPUBLICAN) that opinated he did. Opinions are not facts, though it seems in the conservative realm, as long as you repeat something over and over (‘Obama’s a Muslin’), it magically becomes facts. His later incorporation of those proposals (and MataHarley even agreed with this, sort of, that is – before she recanted) showed that he did accept the proposals, just not the ways that conservatives wanted.

It’s hilariously that you feel you can offer such such weak support for your argument, but feel that I must provide more than a reputable newsource version of what happened. That’s not how it works, Ayehole.

@MataHarley:
“Yo braintrust… all your questions have been responded to.”

Really? I asked the following in post #83

“Are they or aren’t they (the Tea Pary), as one of the their core principles, against the idea of raising taxes?”

Simple yes or no question. You ‘answered‘ by changing the subject.

I think you’re the one who need some ‘adult’ help in reading…

@MataHarley:
“I did not “recant”, ”
“The original comment is there, in full, for anyone else with the 8th ability to read, in my comment #71.”

Jesus Christ! I was referring to this:

“I’d say that wasn’t a rejection… I’ll give you that.”
“He rejected it by deliberately not including it in the official budget.”

And you have the gall to accuse me of not reading. Hypocrisy knows no bound.

“*YOU* provided a “reputable newsource”? Is there no end to your spin and lies? Not to mention erroneously placed self esteem?”

Oh I should give you credit. The source came from you actually. Do you still want to question it’s credibility? Really?

And how about staying out of another debate and working on answering your own questions? Still waiting on you to explain whether there are Tea Party members in Congress, not what the Tea Party is/isn’t. *Sign* You’ll probably just change the subject again.

@MataHarley:
My words? Those were quoted directly from you. Out of context? They were related to the same false argument (that Obama rejected the commission’s proposal). You claimed that he didn’t reject them, then claimed he did. How is that not recanting?

So besides more personal attacks and claiming you didn’t say what you said, and changing the subject when cornered, do you have anything else?

Look at #101. It linked directly to the question you answered by changing the subject. So your claiming you answered every questions is bogus.

@Ayehole:

Here you go Ayehole. Can’t wait to hear what your excuse is now.

@john:

Your statements regarding Mata’s headline, without someone reading the rest of the article, would lead that person to believe that Mata is implying that the S&P statements specifically mention, or imply that they have stated that the TEA Party is not responsible for the downgrade. That is misleading, and intellectually dishonest of you.

Her headline said this:

S&P verdict… Tea Party found innocent

I simply (and accurately) stated that S&P did no such thing. S&P did not “find the Tea Party innocent.” S&P said nothing about the Tea Party. S&P said that they lowered their baseline projections specifically because the GOP wouldn’t go along with tax increases. They didn’t go into the dynamics of the forces within the GOP which were forcing this intransigence. They didn’t specifically blame the Tea Party, nor did they exonerate the Tea Party. Thus, Mata’s headline was not only misleading; it was incorrect. That’s all I said.

You said that I “attacked” Mata. Kindly quote the words I used in this “attack,” and then compare and contrast those with the words which Mata used in attacking me. I never “attacked” her. I said that her headline was incorrect. I stand by this statement.

Moving on to the role of the Tea Party in the downgrade:

You quote thusly:

S&P’s own words;

We lowered our long-term rating on the U.S. because we believe that the prolonged controversy over raising the statutory debt ceiling and the related fiscal policy debate indicate that further near-term progress containing the growth in public spending, especially on entitlements, or on reaching an agreement on raising revenues is less likely than we previously assumed and will remain a contentious and fitful process.

To avoid a downgrade, S&P said the United States needed to not only raise the debt ceiling, but also develop a “credible” plan to tackle the nation’s long-term debt.

“The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-term debt dynamics,” the agency said.

This is a very long quote, but you leave out the following statement:

“We have changed our assumption on this because the majority of Republicans in Congress continue to resist any measure that would raise revenues, a position we believe Congress reinforced by passing the act.”

Now, the “assumption” to which they were referring above, was their “baseline projections.” This shifting of the baseline downward left their upside scenario below the AAA rating level. That was the specific reason for the downgrade, as stated by S&P.

Now, we need to delve into the reason why “the majority of Republicans in Congress continue to resist any measure that would raise revenue.”

In the run up to the election of 2010, a number of prominent, veteran, Republican office holders faced Tea Party primary challenges. A number of them lost to Tea Party candidates. And the GOP won a sweeping victory, in the 2010 mid-terms. To deny that the Tea Party has played a prominent role in convincing the GOP leadership and rank and file that they should not compromise with the Democrats would be to deny reality.

Now, S&P didn’t delve into these reasons why the “majority of Republicans in Congress continue to resist any measure that would raise revenue.” But they specifically cited this fact as the reason they lowered their “baseline projections.” No, they didn’t specifically find the Tea Party “guilty,” but neither did they specifically “exonerate” the Tea Party, nor was the Tea Party “found innocent!” Surely, you can see that. This was the only point which I was making.

I note that Mata has brought yet another charge against me, to wit:

We already know you only see tax increases as a possible revenue increase because you don’t support anything else (like entitlement reform). Therefore you are part of the problem.

That’s completely false. How many times have I stated that I’d immediately raise SS retirement age to 70, which would solve a large portion of the problem. The other thing I’d do is to eliminate the cap on annual payroll and self employment taxes (which are highly regressive taxes). If more was needed (e.g. adjusting COLA formula), I’d certainly go along with that, too.

With regard to Medicare, nothing will go further to solve the health care cost crisis (both public AND private) than getting rid of the current system which rewards doctors for doing the most tests, doing the most surgery, giving in-office drugs on the most frequent schedule possible (a huge problem in the horrendously expensive cancer treatment sector), choosing the most expensive drugs (because some doctors effectively run retail pharmacies within their practices), and so on. As I’ve pointed out, a pilot program to do just this is an important component of ObamaCare, and it has a much higher probability of being a paradigm-shifting game-changer than any of the impotent measures proposed in GOP trial balloons.

The point is, I’m hardly opposed to entitlement reforms.

You go on to state:

Now, you will remember, hopefully, that every plan brought forth by the GOP was threatened with veto by Obama, and stated as “Dead on arrival” by Reid. Some of those plans actually met S&P’s stated requirement of $4 Trillion to avoid a downgrade, yet, Obama and the Dem Senate still shot them down. And one of them even included some tax increases.

Let’s consider this. The GOP House could propose and pass anything it wanted, as they had a large majority and only required a simple majority. So they passed measures which consisted solely of spending cuts and did not include tax increases (and can we just call them tax increases and not get hung up in euphemisms. When you close a loophole, it’s a tax increase. When you eliminate a credit or a deduction, it’s a tax increase. When you raise fees, it’s a tax increase. Anything that brings in more revenue is a tax increase, when you define a “tax” as a charge which the government makes to private citizens and corporations to fund government operations. Efficiencies which save money are not revenue enhancers; they are simply efficiencies and spending reductions).

Anyway, the GOP could do this stuff, because that had a big majority and only needed a simple majority. In the Senate, the Democrats had only a slight majority and needed a supermajority. Yes, the GOP came in with proposals of $4T in cuts. But that was as unacceptable to Democrats as it would have been to Republicans, if Nancy Pelosi still had a House Dem majority and passed a bill with $4T in pure tax increases.

With respect to Boehner’s alleged offer to include tax increases, reportedly totaling as much as $0.8T — that was wonderful, and it could have led to a deal which would have totaled $4T in deficit reduction.

To put things in perspective, you have to remember what the various bipartisan groups had proposed (or were talking about):

For starters, the GOP “opening offer” was 100% spending cuts. The effective Dem “opening offer” was a 50/50 balance between spending cuts and taxes.

So how did the bipartisan groups come down?

Bipartisan Policy Center’s report by Pete Domenici and Alice Rivlin: 50/50 ratio of spending cuts and tax increases

Bowles-Simpson: Tax increases exceeding $1.2T

Gang of Six: Tax increases exceeding $1.2T

Alleged Boehner offer: Tax increases totaling $0.8T

Alleged Obama counter offer: Tax increases totaling $1.2T

Now, Boehner was allegedly ticked off because he thought he had a deal at $0.8T. But this is the real world and, if you recall, when word was filtering out that Obama was giving up substantive entitlement cuts in return for only $0.8T in taxes, the Democratic base went ballistic on him.

Behind the scenes, the GOP base was going ballistic on Boehner. The Democratic base told Obama that they’d never go along with cutting SS in exchange for only $0.8T in taxes. So he found out what he could probably get his base to accept, and he agreed to Boehner’s spending (including entitlement) cut proposals in exchange for $1.2T in taxes.

The White House claims that this was still negotiable, and implied that they would probably have come down, in order to finally nail down an agreement. But Boehner didn’t return phone calls for 24 hours and then abruptly announced that he was calling off all negotiations. It is 100% obvious that this was in response to blowback from his own base (remember his impassioned/emotional “I stuck my neck out a mile” speech?). I personally think that there is no way in the world that Boehner would have gotten support for even his $0.8T tax increase concession.

Now, why was Boehner incapable of negotiating further, when the two sides were ostensibly so close ($0.8T vs $1.2 T, with the ability to compromise somewhere in between?). We are talking about maybe $0.2T out of a $4T deal. You really don’t think that the primary and general elections of 2010 had anything to do with that?

I don’t give Obama a pass. At this time, I’m seriously considering supporting Mitt Romney, depending on the campaign rhetoric he uses, if he gets the nomination (no way that I’d vote for Palin, Bachmann, Perry; though I’d also consider Huntsman). Obama is a smart man, whom I personally like, but he’s been a disappointment as a true leader. As far as the Democratic congress goes, they are just being typical Democrats. Lost in the woods, without a strong leader, as the Democrats have been for the past 100 years. It’s the Will Rogers saying: “I’m not the member of any organized political party; I’m a Democrat.”

Anyway, back to my original point. S&P did not find the Tea Party innocent. They didn’t exonerate the Tea Party. I personally feel that — absent the Tea Party, Obama and Boehner would have cut a “balanced” deal that the two parties and the country would have supported and the nation (and prospects for the economic future) would have been far better off for it. This is simply a personal opinion and I wouldn’t do as John Kerry did in trying to label this a “Tea Party downgrade.” But this is simply standard political rhetoric, used by both sides.

You say:

We have a dysfunctional Congress, and an overreaching Executive Branch that doesn’t lead.

I agree.

– Larry Weisenthal/Huntington Beach, CA

@openid.aol.com/runnswim:

That’s a lot of information trying to defend your position, however, it means very little.

As I said, with the MSM, the WH, and congressional democrats blaming the downgrade on the TEA Party, the report from S&P does “exonerate” them, even if they don’t specifically mention them by name.

Consider this later clarification from Mr. Beers of S&P regarding the downgrade;

He also said the downgrade announced on Friday was not due to the budget positions of any political party and that on any future agreement, “We think credibility would mean any agreement would command support from both political parties.”

http://old.news.yahoo.com/s/nm/20110807/bs_nm/us_crisis_usa_beers

Now, you can sit there and contemplate that a GOP position resistant to tax increases should be one side of the equation, however, S&P doesn’t make that distinction, nor would an impartial observer.

And, what’s more, I’ve already explained to you, countless times, that tax increases, and revenue, are a very, very small part of the actual problem. It’s the spending. It’s always been about the spending. And it will continue to be about the spending.

The TEA Party is NOT responsible for the downgrade, and that was the point of Mata’s entire article.

@mata: I made a mistake. I’m sorry. This concerns John Galt accusing me of “attacking” you, and me telling him to compare and contrast my so-called “attack” with yours. I haven’t read every single message on this thread. I did recall reading the following quote from one of Thamster’s posts:

I guess you miss the following from MataHarley:
“Now go find a dumber audience to play to.”
“Which half of your single brain cell…”
“Your ignorance and misinterpretations ”
“Ah, the smell of desperation.”
“Idiot”
“This, of course, makes Larry’s avow about long term debt not being the problem quite laughable.”
“We already know you’re math challenged”

I honestly thought he was referring to things that you said about me on this thread. I still haven’t gone back and read everything, but I presume that you lobbed those verbal grenades (Thamster) at him and not at me. Wrong presumption. I’m truly not the center of the universe. mea culpa. I’m sorry.

I don’t, however, understand why you and he (Thamster) have to fight at such a personal level. You are very smart and know a lot of things and express yourself very well. He’s obviously smart and knows a lot and expresses himself well. I’d really enjoy the opportunity of just sitting back and watch the two of you have a serious and spirited debate over these issues. But the gutter sniping is just nauseating (it’s why I haven’t been reading all the posts on this thread — life is just too short to waste my time reading playground language).

– Larry Weisenthal/Huntington Beach, CA

@MataHarley: You might like to read this article from redstate.
http://www.redstate.com/erick/2011/08/08/what-if-barack-obama-is-right/
It take the view of what if the Whitehouse Arguement is correct. again blaming the Tea Party does not compute.