
New York Times:
Senate Republicans on Monday blocked a move to open debate on the so-called Buffett Rule, ensuring that a measure pressed for months by President Obama and Senate Democrats to ensure that the superrich pay a tax rate of at least 30 percent will not come to a decisive vote.
But the fierce debate preceding the 51-45 vote — the Democrats were nine votes short of the 60 they needed — set off a week of political wrangling over taxes that both parties insist they are already winning.
It seems the GOP believes that the Buffet Rule is a gimmick. It's would account for a fraction of the federal deficit -- so why even bother? They argue President Obama and Democrats are just engaging in more class warfare for cheap political points.
So how much would the Buffet Rule bring in? According to the Ezra Klein, "The Joint Committee on Taxation says the proposal will bring in $47 billion over 10 years. Chuck Schumer, assuming the extension of the Bush tax cuts, says it will bring in $160 billion." Call it $47 bil. to be safe. That's the conservative estimate.
"The White House’s opponents... have largely attacked the Buffett Rule for being too small," Klein says. "The Washington Examiner’s David Freddoso tweets, 'I’m sorry, but if the Buffett Rule is your solution to the deficit problem, you’re not even on the same continent as serious.' His colleague, Phil Klein, produced a chart comparing the Buffett Rule to 'Obama’s deficits': As you might expect, the Buffett Rule is considerably smaller. Tiny, even."
And now we come to all the hypocrisy and evil. When you're dealing with Republican arguments, you can always count on hypocrisy and evil.











You can almost always count on Republican presidential candidates to be united in their opposition to more taxes for the rich. But this time around, the 2012 field is standing lockstep behind a less traditional idea: the middle class pays too little in taxes.
President Barack Obama’s $447 billion jobs plan would help avoid a return to recession by maintaining growth and pushing down the unemployment rate next year, according to economists surveyed by Bloomberg News.


As of (very) early this morning, healthcare reform has become a near certainty... Although, maybe we should be calling it healthcare near-reform. What was a good bill in the House of Representatives -- Stupak aside -- became a deeply compromised bill in the Senate. Let's not forget that the bill had an original deadline of August, but Senate majority leader Harry Reid decided against woking through the summer recess -- something Nancy Pelosi was willing to do in the House. This killed all momentum behind the it and dropped the whole debate in the lap of the town hall crazies. Had Reid stuck to the deadline -- or, at least, made the effort to -- we might've had a very different bill. Add to this Finance Committee Chairman Max Baucus' irrational fetish for bipartisanship and we see the Senate Democratic leadership dropping the ball at almost every opportunity. Given the self-constructed obstacles people like Reid and Baucus put up for themselves, we can be excused for saying that seeing even this much-weaker bill move forward is a Christmas miracle. Democratic leadership didn't entirely blow it, but it wasn't for lack of trying. Baucus' snipe hunt for Republican votes looks especially foolish now, with the every Republican voting to sustain the filibuster that was broken last night. There was never a hope in hell of a bipartisan bill -- good or bad.
Russian Military Analysts are reporting to Prime Minister Putin that US President Barack Obama has issued orders to his Northern Command’s (USNORTHCOM) top leader, US Air Force General Gene Renuart, to “begin immediately” increasing his military forces to 1 million troops by January 30, 2010, in what these reports warn is an expected outbreak of civil war within the United States before the end of winter.



