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View Diary: Is the Risk of Budget Compromise Acceptable to Democrats ? -- Part I: Threat to Economic Recovery (7 comments)

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    •  Well... (0+ / 0-)

      Didn't Obama propose many bills to stop or limit OUTSOURCING?  And he must have proposed other legislation to close all those outrageous tax loopholes for the filthy rich.  Right?

      •  on bills preventing outsourcing (0+ / 0-)

        If I remember correctly, Obama and the Democratic Congress (Jan 2009 to Dec 2010) did not attempt to remove tax credits and subsidies for corporations during 2009 (due to depth of great recession) or the first half of 2010; in second half of 2010 they voted for it in the House,  but because of resistance from conservative Dem Senators and the threat of GOP filibuster in Senate (GOP had then 41 votes); they did not proceed with a vote in the Senate to remove these tax credits, subsidies or close the loopholes.  

        Finally, in early February 2011, the tax credits and subsidies for oil & gas companies were supposed to expire but the now GOP-controlled House voted in favor of extending them (total value $46 billion over 10 years) and with the help of conservative Dems in Senate, the GOP Senators passed them; Dems did not filibuster !!!

    •  Depends on what is compromised (0+ / 0-)
      •  Excellent post (0+ / 0-)

        The best that can be done is to go back to efforts to prevent ouot-sourcing. That can save some industrial jobs.

        The author makes it plain that Republican plans threaten an already fragile recovery.

      •  there is no complete clarity yet (0+ / 0-)

        At this point many of the details of the potential compromise are not known; that is, which exact programs will be cut and by how much.  It is fair to assume that many of the programs that GOP wants to reduce funding for will be reduced by smaller amounts (possibly 50% smaller, it probably varies from program to program).  

        Part II of this post describes many of the programs and agencies targeted by GOP.  These targeted programs are also described in the second section of my previous post in Daily Kos "Rival Fiscal Agendas Threaten Government Shutdown" of March 16; which is referenced in this post and labeled as refer1 (go there and click on it)

        Once the $33 billion budget cut deal is closed (if it does), all the details of the specific cuts will become available.

      •  there is no complete clarity yet (0+ / 0-)

        At this point many of the details of the potential compromise are not known; that is, which exact programs will be cut and by how much.  It is fair to assume that many of the programs that GOP wants to reduce funding for will be reduced by smaller amounts (possibly 50% smaller, it probably varies from program to program).  

        Part II of this post describes many of the programs and agencies targeted by GOP.  These targeted programs are also described in the second section of my previous post in Daily Kos "Rival Fiscal Agendas Threaten Government Shutdown" of March 16; which is referenced in this post and labeled as refer1 (go there and click on it)

        Once the $33 billion budget cut deal is closed (if it does), all the details of the specific cuts will become available.

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