Coffee Party News
Follow
Find
644.2K views | +2 today
 
Scooped by Coffee Party USA
onto Coffee Party News
Scoop.it!

Where we stand with the "Fiscal Cliff"

Where we stand with the "Fiscal Cliff" | Coffee Party News | Scoop.it

Excerpt from article by EZRA KLEIN, Washington Post


The Senate already passed a bill letting the Bush tax cuts lapse for income over $250,000. That bill is very, very popular. The White House expects that if we go over the cliff, the House will have to pass that bill, too, and the president would have little choice but to sign it. That bill raises taxes by a bit more than $700 billion, which is less than the $1.6 trillion the White House wants. But that $700 billion, to the White House, is the baseline: If they get nothing else, they will certainly get that.


And that’s why Boehner’s offer of $800 billion doesn’t impress. The White House already has some $700 billion in the bank, as they see it. The reason to negotiate with Boehner is that an agreement with him could, in theory, push that number well above $1 trillion while stabilizing the debt and avoiding the economic pain of falling off the fiscal cliff. But there’s no reason to cut a deal with Boehner in which the White House gives up spending cuts in order to get a tax increase they can have anyway. 


The talk in Washington now is about a “small deal.” That would likely include the Senate tax bill, some policy to turn off at least the defense side of the sequester and a handful of other policies to blunt or delay various parts of the fiscal cliff.


That’s not a very good deal for the short-term health of the economy. Depending on how much of the fiscal cliff gets delayed, we could tip into recession anyway. But it could lead, in the end, to much more revenue than a “big deal” now.


Here’s how it would go. Some time in the next month or so, the small deal would pass and the White House would pocket that $700-plus billion in tax revenue. They really would get that for free, just as the president told Boehner. 


But pressure would quickly mount to strike a larger deal, both because there would be another fiscal cliff coming and because the debt ceiling would need to be raised. (The White House swears they won’t negotiate over the debt ceiling, but it’s not exactly clear what that will mean in practice.)


The White House would insist that the next deal includes a 1:1 ratio of tax increases — all of which could come through Republican-friendly tax reform — to spending cuts. So a subsequent deal that included $600 billion or $700 billion in spending cuts would also include $600 billion or $700 billion in tax increases, leading to total new revenue in the range of $1.2 trillion to $1.4 trillion. 


There’s precedent for this. After the 2010 midterms, Republicans forced the passage of the Budget Control Act, which included more than a trillion dollars in spending cuts and no offsetting tax increases. They’ve subsequently refused to count those cuts toward any future deals. If the president, after winning the 2012 election, pocketed $700 billion in tax increases and insisted that revenue was unrelated to the next negotiation, he’d simply be following Boehner’s lead.[MORE]

Coffee Party USA's insight:

I snipped out the solid analysis from Klein's Dec. 22 article. The "juicy" stuff about Obama and Boehner's negotaitions is at the beginning and the end, including a good explanation of the Obama quip "I get that for free."

more...
Party Recon's comment, December 26, 2012 12:32 PM
NO DEAL! NO DEAL! Boehner's proposed cuts are tantamount to a tax increase on the middle class and the poor, who will see cuts in essential services. Call your Representatives and Senators and tell them that we can and must do better!
Party Recon's curator insight, December 26, 2012 12:33 PM

NO DEAL!  NO DEAL!  Boehner's proposed cuts are tantamount to a tax increase on the middle class and the poor, who will see cuts in essential services.  Call your Representatives and Senators and tell them that we can and must do better! 

Coffee Party News
Fact-based, solutions-oriented, people-powered news for the 99%
Your new post is loading...
Your new post is loading...
Scooped by Coffee Party USA
Scoop.it!

Investigation Into Violence Toward Teenagers at Rikers Island

Investigation Into Violence Toward Teenagers at Rikers Island | Coffee Party News | Scoop.it
The office of Preet Bharara, the United States attorney in Manhattan, released a 79-page report on Monday saying that the New York City Department of Correction had systematically violated the civil rights of male teenagers at Rikers Island, finding a “deep-seated culture of violence” against the inmates.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

'Moral bankruptcy of capitalism': UK’s top public doctor shames western society over Ebola

'Moral bankruptcy of capitalism': UK’s top public doctor shames western society over Ebola | Coffee Party News | Scoop.it
Western countries should tackle drugs firms’ “scandalous” reluctance to invest in research into the virus which has already killed over 700 people in West Africa, the UK’s top public doctor said, adding, “They’d find a cure if Ebola came to London.”
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Don't call it 'student' debt

Don't call it 'student' debt | Coffee Party News | Scoop.it
Van Jones of CNN's "Crossfire" says "student debt" should be called "education debt" because entire families are paying the cost of a broken system. (The first thing we need to do to get serious about student debt?
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Severe drought in California spreading at unprecedented rate

Severe drought in California spreading at unprecedented rate | Coffee Party News | Scoop.it
The drought in California is getting worse as more than half the state now suffers from the most severe drought conditions possible, according to a new report.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

9/11 Link To Saudi Arabia Is Topic Of 28 Redacted Pages In Government Report; Congressmen Push For Release

9/11 Link To Saudi Arabia Is Topic Of 28 Redacted Pages In Government Report; Congressmen Push For Release | Coffee Party News | Scoop.it
The Bush administration locked up 28 pages of the 9/11 report that discussed the terrorists' links to Saudis. Now the public may get to see them.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

School Shooter Prevention Device Goes National

School Shooter Prevention Device Goes National | Coffee Party News | Scoop.it
"The Sleeve" has already made sales to 22 states. Founder and teacher Daniel Nietzel says he is ready to do this full-time to help protect the kids.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Data Delayed is Democracy Denied

Data Delayed is Democracy Denied | Coffee Party News | Scoop.it
This op-ed appeared in The New York Times on Ju...
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

St. Luke’s, Rodale team up to grow organic food

St. Luke’s, Rodale team up to grow organic food | Coffee Party News | Scoop.it
Employees, patients and visitors at St. Luke’s Anderson Campus now have access to organic fruits and vegetables that are grown, literally, just outside their door.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Mixing the modern and the traditional

Mixing the modern and the traditional | Coffee Party News | Scoop.it

s a fasinatelAlmajiri boys RAG-CLAD boys, proffering plastic bowls and calling out for cash, line the streets of most big cities in Nigeria’s Muslim north. But they are not...

Coffee Party USA's insight:

This was a fascinating article to read. The author creates a peak into the global issue of religion VS education VS traditional culture and the treatment and raising of children. The writer gets the reader to ask many reflective questions regarding personal values, traditions, education, family, faith and the changing modernization of the world and that is good. No answers are handed on platters and no judgment is made here. It is always important to zero in on the question if you seek to find an answer. The writer inspires reflective thinking to shared cultural dilemmas. The religions, geography, family and community structures may differ but the question of how and what values are maintained or blend with the new across a change are universal.

 

The trade off that is felt and often feared by the families, communities, and faithful or religious the world over is real. One is changed by the introduction of what they fear and what is new. That is the truth. There is a book called "The Axe Makers Gifts" that speaks about the double edge sword that progress and innovation brings. Usually there are great gifts to mankind.  But these gifts come with a trade off of something you give up or also allow the ability to abuse and misuse the intended blessing. Often, without noticing the changes come slowly, other times the new and amazing is so intriguing we can hardly resist.  We move on in a direction without noticing the changes in the short term.  One day we turn around and ask when did some of our very strong social and spiritual support structure disappear or get so weak or fragmented? When did those we thought we could trust change? When did it happen and how did it happen? Does it matter? If it matters how in the world can we rebuild it or even enhance what we once took for granted? What should we embrace? What should we hold to and what should we try to bind together as old and new and move into new destinies with?

 

In a less than a single generation it is likely we have made more changes in nearly every aspect of our lives and the planet then people before us did over hundreds of years.  Reflective thinking about what is valuable to societies before we race into the future would be very wise. Take time to read the article and  find your own questions to bring to the table and think through together.

more...
Monica S Mcfeeters's curator insight, July 27, 5:41 AM

This was a fascinating article to read. The author creates a peak into the global issue of religion VS education VS traditional culture and the treatment and raising of children. The writer gets the reader to ask many reflective questions regarding personal values, traditions, education, family, faith and the changing modernization of the world and that is good. No answers are handed on platters and no judgment is made here. It is always important to zero in on the question if you seek to find an answer. The writer inspires reflective thinking to shared cultural dilemmas. The religions, geography, family and community structures may differ but the question of how and what values are maintained or blend with the new across a change are universal.

 

The trade off that is felt and often feared by the families, communities, and faithful or religious the world over is real. One is changed by the introduction of what they fear and what is new. That is the truth. There is a book called "The Axe Makers Gifts" that speaks about the double edge sword that progress and innovation brings. Usually there are great gifts to mankind.  But these gifts come with a trade off of something you give up or also allow the ability to abuse and misuse the intended blessing. Often, without noticing the changes come slowly, other times the new and amazing is so intriguing we can hardly resist.  We move on in a direction without noticing the changes in the short term.  One day we turn around and ask when did some of our very strong social and spiritual support structure disappear or get so weak or fragmented? When did those we thought we could trust change? When did it happen and how did it happen? Does it matter? If it matters how in the world can we rebuild it or even enhance what we once took for granted? What should we embrace? What should we hold to and what should we try to bind together as old and new and move into new destinies with?

 

In a less than a single generation it is likely we have made more changes in nearly every aspect of our lives and the planet then people before us did over hundreds of years.  Reflective thinking about what is valuable to societies before we race into the future would be very wise. Take time to read the article and  find your own questions to bring to the table and think through together.

Scooped by Coffee Party USA
Scoop.it!

Lawmakers renew push for medical marijuana in Georgia

Lawmakers renew push for medical marijuana in Georgia | Coffee Party News | Scoop.it
Georgia lawmakers are gearing up to re-introduce legalizing a form of medical cannabis for children next legislative session.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Tyson’s Knock-Out

Tyson’s Knock-Out | Coffee Party News | Scoop.it
Tell me, what did Neil DeGrasse Tyson do to be targeted by the wingnuts at National Review?
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Democrats Make New Bid To Require Donor Transparency

Democrats Make New Bid To Require Donor Transparency | Coffee Party News | Scoop.it
The latest version of the DISCLOSE Act, which would force donor disclosure on outside organizations that engage in election politics, is facing now-familiar opposition from Republican lawmakers.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

DC ban on carrying handguns is unconstitutional, federal judge says

DC ban on carrying handguns is unconstitutional, federal judge says | Coffee Party News | Scoop.it
In a landmark gun control case, a federal judge in Washington DC has overturned the city’s total ban on carrying handguns outside the home, saying it is unconstitutional.
more...
Rhett Rebold's comment, August 2, 4:50 PM
But of course it's still illegal to carry a gun into the Capital building - seems like that building shouldn't be exempt from the Dodge City that includes the rest of the country.
Scooped by Coffee Party USA
Scoop.it!

Toledo's tap water undrinkable for a second day; test results delayed

Toledo's tap water undrinkable for a second day; test results delayed | Coffee Party News | Scoop.it
Water in Toledo, Ohio, and surrounding areas remained officially undrinkable Sunday evening, more than 24 hours after a do-not-drink order went into place for 500,000 people.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Tweet from @MarkDice

Why do so many people believe the mainstream media's account of the Israeli / Palestinian conflict? It's sad really. #PrayForPalestine
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Judge throws out senator's Obamacare lawsuit

Judge throws out senator's Obamacare lawsuit | Coffee Party News | Scoop.it
Judge dismisses senator's lawsuit challenging Obamacare By Donovan Slack, Gannett Washington Bureau WASHINGTON – A federal judge has thrown out Wisconsin Sen. Ron Johnson's lawsuit challenging Obamacare. U.S.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Rep. Thomas Massie on 28 Redacted Pages of 9/11 Report: Shocking, But Won’t Hurt National Security if Released - Freedom Outpost

Rep. Thomas Massie on 28 Redacted Pages of 9/11 Report: Shocking, But Won’t Hurt National Security if Released - Freedom Outpost | Coffee Party News | Scoop.it
Along with families who lost loved ones on Sept. 11, 2001, Representatives Walter Jones (R-NC), Stephen F. Lynch (D-MA) and Thomas Massie (R-KY) urged the president to declassify 28 pages from the 9/11 congressional investigation report, providing more information to the general public. "Based on my reading of the documents, I am confident that making …
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

​Anonymous 'knocks out' Mossad website over Israel’s Gaza offensive

​Anonymous 'knocks out' Mossad website over Israel’s Gaza offensive | Coffee Party News | Scoop.it
Hacker group Anonymous has reportedly taken down the website of the Israeli secret service Mossad in protest of Israel’s military incursion in Gaza. The ‘hacktivists’ have already targeted a number of organizations in their mission to stop the “genocide.”
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Leaked Trade Deal Chapter Reveals Corporate-Friendly Subversion of Public Health, Food Safety

Leaked Trade Deal Chapter Reveals Corporate-Friendly Subversion of Public Health, Food Safety | Coffee Party News | Scoop.it
A leaked chapter of the secret US-EU trade negotiation known as the TTIP was released Thursday by the Institute for Agriculture and Trade Policy (IATP), along with an accompanying analysis which finds that public health and food safety could be imperiled if the text under negotiation becomes law.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Rodale Institute and St. Luke’s University Health Network Partner to Provide Organic Produce to to Patients, Staff and Visitors | Rodale Institute

Rodale Institute and St. Luke’s University Health Network Partner to Provide Organic Produce to to Patients, Staff and Visitors | Rodale Institute | Coffee Party News | Scoop.it
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Jon Snow Is Back From Gaza And Has Made This Emotional Appeal

Jon Snow Is Back From Gaza And Has Made This Emotional Appeal | Coffee Party News | Scoop.it
Jon Snow, is back home from a visit to Gaza - an experience that has clearly had an effect on the veteran journalist.

In an emotional appeal, a visibly moved Snow calls for an end to the violence that has caused the deaths and wounding of so many ...
Coffee Party USA's insight:

The tightly packed area of the 8 miles deep and 18 miles long Gaza Strip holds close to 2 million people that are kept behind walls and have to go through Jewish check points to be allowed to leave the area.  Over 50% of those people are under 24. You can't have a war there without killing and injuring children when you have a ratio 1 of every 2 people is a child. That is 50% chance of hitting a young person. The average age of the Gaza Strip is 17. Pro-life shouldn't end at birth.

more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Benign neglect? Garden pest control naturally

Benign neglect? Garden pest control naturally | Coffee Party News | Scoop.it
Gardeners worried about the safety of synthetic pest control products sometimes turn to botanically derived compounds instead. But many of those also contain toxic ingredients, such as nicotine, rotenone and pyrethrins.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

50 Israeli Reservists Refuse To Serve in Gaza War

50 Israeli Reservists Refuse To Serve in Gaza War | Coffee Party News | Scoop.it
More than 50 former Israeli soldiers have refused to serve in the nation’s reserve force, citing regret over their part in a military they said plays a central role in oppressing Palestinians, the Washington Post reported on Wednesday.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

Headlines for July 24, 2014

Headlines for July 24, 2014 | Coffee Party News | Scoop.it
Gaza Neighborhoods Bombarded as Palestinian Toll Tops 730U.N.: 1 Child Killed Every Hour in Gaza; School Shelled for 2nd TimeU.S. Casts Lone No Vote Against U.N. Probe of Israeli War CrimesU.N.
more...
No comment yet.
Scooped by Coffee Party USA
Scoop.it!

U.S. Religious Leaders Embrace Cause of Immigrant Children

U.S. Religious Leaders Embrace Cause of Immigrant Children | Coffee Party News | Scoop.it
Across the theological spectrum, clergy are urging Americans to welcome the child migrants arriving from Central America, and many are providing services for them. (U.S.
more...
No comment yet.