{"id":778,"date":"2012-11-30T01:42:00","date_gmt":"2012-11-30T01:42:00","guid":{"rendered":"http:\/\/highplainsblogger.wordpress.com\/2012\/11\/30\/heading-for-the-cliff-lets-hope-not"},"modified":"2012-11-30T01:42:00","modified_gmt":"2012-11-30T01:42:00","slug":"heading-for-the-cliff-lets-hope-not","status":"publish","type":"post","link":"https:\/\/highplainsblogger.com\/?p=778","title":{"rendered":"Heading for the cliff? Let\u2019s hope not"},"content":{"rendered":"\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?via=jkanelis\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n<p><a title=\"http:\/\/thehill.com\/blogs\/on-the-money\/domestic-taxes\/270205-gop-rejects-debt-deal-offer-from-white-house\" href=\"http:\/\/thehill.com\/blogs\/on-the-money\/domestic-taxes\/270205-gop-rejects-debt-deal-offer-from-white-house\">http:\/\/thehill.com\/blogs\/on-the-money\/domestic-taxes\/270205-gop-rejects-debt-deal-offer-from-white-house<\/a><\/p>\n<p>Elections have consequences. Isn\u2019t that what they say?<\/p>\n<p>So, President Obama gets re-elected with a substantial Electoral College majority \u2013 as well as a growing popular vote majority. Republicans lose some of their grip on the House of Reps; Democrats cement their hold on the Senate. And now both sides are facing the so-called \u201cfiscal cliff\u201d at the end of the year, unless they come up with a budget reduction plan.<\/p>\n<p>Speaker John Boehner is rejecting Obama administration efforts to reach a deal. Too much emphasis on taxes, he says. Not enough on spending cuts. No deal. <\/p>\n<p>The president wants a \u201cbalanced approach\u201d to deficit reduction. He wants to extend tax cuts for middle income Americans, while boosting rates for the rich folks. Obama won re-election on that platform, right? The rich will still be rich. The middle class will get a break. He\u2019s also proposing cuts in spending, but not enough to suit Boehner\u2019s GOP caucus. They\u2019re digging in their heels.<\/p>\n<p>If they don\u2019t reach a deal, a 10-percent automatic spending cut takes effect on Jan. 1. The tax cuts will expire \u2026 and that means for everyone. <\/p>\n<p>So, if I\u2019m reading this correctly, Boehner\u2019s stubbornness is threatening to punish the rich guys he\u2019s trying to protect by stymying a deal with the president who, I need to stipulate once again \u2026 won the election because voters agreed with his economic policies more than they agreed with the Republicans\u2019 plan.<\/p>\n\n<div class=\"twitter-share\"><a href=\"https:\/\/twitter.com\/intent\/tweet?via=jkanelis\" class=\"twitter-share-button\">Tweet<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>http:\/\/thehill.com\/blogs\/on-the-money\/domestic-taxes\/270205-gop-rejects-debt-deal-offer-from-white-house Elections have consequences. Isn\u2019t that what they say? So, President Obama gets re-elected with a substantial Electoral College majority \u2013 as well as a growing popular vote majority. Republicans lose some of their grip on the House of Reps; Democrats cement their hold on the Senate. And now both sides are facing the so-called &hellip; <a href=\"https:\/\/highplainsblogger.com\/?p=778\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Heading for the cliff? Let\u2019s hope not<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-778","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=778"}],"version-history":[{"count":0,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=\/wp\/v2\/posts\/778\/revisions"}],"wp:attachment":[{"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/highplainsblogger.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}