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NY Times Sobs About ‘Terrible Debt Deal’

From a crocodile tear-ed editors of the New York Times:

To Escape Chaos, a Terrible Deal

Published: July 31, 2011

There is little to like about the tentative agreement between Congressional leaders and the White House except that it happened at all. The deal would avert a catastrophic government default, immediately and probably through the end of 2012. The rest of it is a nearly complete capitulation to the hostage-taking demands of Republican extremists. It will hurt programs for the middle class and poor, and hinder an economic recovery.

It is not yet set in stone, and there may still be time to make it better. But in the end, most Democrats will have no choice but to swallow their fury, accept the deal and, we hope, fight harder the next time.

For weeks, ever since House Republicans said they would not raise the nation’s debt ceiling without huge spending cuts, Democrats have held out for a few basic principles. There must be new tax revenues in the mix so that the wealthy bear a share of the burden and Medicare cannot be affected

Democrats won a provision drawn from automatic-cut mechanisms in previous decades that exempts low-income entitlement programs. There is no requirement that a balanced-budget amendment pass Congress. There will be no second hostage-taking on the debt ceiling in a few months, as Speaker John Boehner and his band of radicals originally demanded. Democratic negotiators decided that the automatic cut system, as bad as it is, was less of a threat to the economy than another default crisis, and many are counting on future Congresses to undo its arbitrary butchering.

Sadly, in a political environment laced with lunacy, that calculation is probably correct

Now that the deal is practically struck, The Times can tell the faithful that they are really only blustering for effect. No entitlements have been cut. There’s no balanced budget amendment. There is no ‘second round’ before the 2012 elections. Future Congresses will undo all of the promised spending cuts when nobody is looking.

In other words, the Democrats got everything they wanted. But the editors at the New York Times have to stamp their feet to make it look like they are very unhappy.

President Obama could have been more adamant in dealing with Republicans, perhaps threatening to use constitutional powers to ignore the debt ceiling if Congress abrogated its responsibility to raise it.

But this episode demonstrates the effectiveness of extortion. Reasonable people are forced to give in to those willing to endanger the national interest.

No, this demonstrates ‘real Democracy in action.’ Duly elected representatives, who were just elected in a landslide with a mandate to cut spending and reduce taxes, are listening to their constituents. And we hope to see a lot more of it in the coming years.

Democrats can look forward to the expiration of the Bush tax cuts next year, and will have to make the case in the 2012 elections for new lawmakers who will undo the damage.

Only the New York Times would pretend that raising taxes and increasing the debt are winning issues for the Democrats. Especially, after Obama and the Democrats have moved heaven and earth to take this issue off the table in time for the 2012 elections.

This article was posted by Steve on Monday, August 1st, 2011. Comments are currently closed.

7 Responses to “NY Times Sobs About ‘Terrible Debt Deal’”

  1. River0 says:

    Pure hypocrisy, grotesque and brazen. Marco Rubio gave an impassioned speech yesterday where he read quotes from Obama, Reid, and Biden in ’06 where they said – regarding the debt ceiling – the very same things the Tea Party is saying now.

    http://www.theblaze.com/stories/marco-rubio-takes-on-hypocrisy-of-debt-rhetoric-and-john-kerry/

    These ‘progressives’ have no principles other than expediency in the pursuit of power. They are dangerous menace to our nation.

  2. Chinnubie says:

    We must have term limits!!! Thes people are ruining our country. Freedom will no longer exist. The nanny state will do everything for you. This bill must not pass it gives in to Democrats. Why not cut over-bearing government beauacracies or at least refuse they be paid until a real deal can be worked out? Hell, I’d love to see the Dept. of Education be done away with all together. Unload these plush government positions of power and return our country back over to the people. Let them work 3 part-time jobs and flip burgers at McDonald’s so they could see how the other half really lives.

  3. JohnMG says:

    ……”Sadly, in a political environment laced with lunacy, that calculation is probably correct……”

    I wonder from which paded cell this writer was pulled in order to pen this line and this article. Then again, if anyone should know lunacy it would be the NYT, an organ that requires dysfunctional thinking(?) a litmus test ‘must’ as a condition of employment.

    Typical to what we’ve come to expect. And sad.

  4. untrainable says:

    The rest of it is a nearly complete capitulation to the hostage-taking demands of Republican extremists.

    Wow, it’s amazing the amount of “civility” these media elites continue to have for our duly elected representatives.

  5. BigOil says:

    Feigned outrage is exactly right. The Slimes thinks conservatives are dumb enough to fall for it. Some are – but not here.

  6. proreason says:

    “They really have become the newspaper of the lunatic fringe.”

    …that controls the country

  7. Howard Roark says:

    Democrats have held out for a few basic principles.

    Because they are such a principled party, of course. When left to their own control (that is, while the Legislative Branch was owned by the Dems from ’06-10), their “principles” were so important to them that they doubled our debt and couldn’t even agree on an annual budget last year. Their “principles” ended up costing them the election last year. These idiots at the NYT have a fanbase that are as airheaded as themselves.

    There must be new tax revenues in the mix so that the wealthy bear a share of the burden and Medicare cannot be affected…

    Because the top 5% of US earners paying 50% of the total tax burden isn’t enough.

    God, please save us from these “principled” saints.


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