The 2010 midterm elections were not good news for the Democrat Party. The issues were runaway spending, Obamacare, and the economy in general. The Democrats lost six seats in the Senate, 63 seats in the House of Representatives, and six governorships. The Tea Party played a part in the Republican victories. The Tea Party (and the Republicans) made some mistakes, but overall, the election was a statement by the American people that they wanted less government, less spending, and repeal of Obamacare. Unfortunately, the current administration (and Democrat leadership and much of the Republican leadership) did not get the message.
Reuters is reporting today that the Democrat members of the debt super committee are insisting that the negotiations begin with raising taxes.
The article reports:
During the super committee’s initial closed-door meetings, “Republicans wanted to just talk about spending cuts and Democrats said, ‘No,'” the aide said.
Republicans strongly oppose tax hikes, arguing they will hurt an anemic economic recovery. But they have not ruled out closing some tax loopholes as part of tax reform. Democrats, including President Barack Obama, insist revenue increases must be part of any deficit reduction deal.
Democrats’ calls for increasing taxes on the rich may have been bolstered by a new Congressional Research Service analysis. The September 23 report obtained by Reuters concluded that letting decade-old tax cuts for the wealthy expire at the end of next year as scheduled “could help reduce budget deficits in the short term without stifling the economic recovery.”
On Thursday, The Hill reported why the Senate has not taken up President Obama’s bill to balance the budget:
“The oil-producing-state senators don’t like eliminating or reducing the subsidy for oil companies,” (Dick) Durbin said. “There are some senators who are up for election who say ‘I’m never gonna vote for a tax increase while I’m up for election, even on the wealthiest people.’ So, we’re not gonna have 100 percent of Democratic senators. That’s why it needs to be bipartisan and I hope we can find some Republicans who will join us to make it happen.”
If the future of America were not at stake, this would be comical. I agree with Rick Perry’s statement, “I’ll work to try to make DC as inconsequential in your life as I can.” That’s the attitude we need in Washington.