Surely the facts are — Oh Prunella!
“With just five days left to make a deal, President Obama and members of the Senate were set to return to Washington on Thursday with no clear path out of their fiscal morass even as the Treasury Department warned that the government will soon be unable to pay its bills unless Congress acts.
Treasury Secretary Timothy F. Geithner, adding to the building tension over how to handle a year-end pileup of threatened tax increases and spending cuts, formally notified Congress on Wednesday that the government would hit its statutory borrowing limit on Monday, raising anew the threat of a federal default as the two parties remained in a standoff.
Mr. Geithner wrote that he would take “extraordinary measures” to keep the government afloat but said that with so much uncertainty over the shape of the tax code and future government spending he did not know how long the Treasury could shuffle accounts before the government could no longer pay its creditors.
For months, President Obama, members of Congress of both parties and top economists have warned that the nation’s fragile economy could be swept back into recession if the two parties did not come to a post-election compromise on January’s combination of tax increases and across-the-board spending cuts.
Yet with days left before the fiscal punch lands, both sides are exhibiting little sense of urgency, and new public statements Wednesday appeared to be designed more to ensure the other side is blamed rather than to foster progress toward a deal.
After a high-level telephone conference call, House Republican leaders called on the Senate to act but opened the door to bringing to the House floor any last-minute legislation the Senate could produce.
“The House will take this action on whatever the Senate can pass, but the Senate first must act,” said the statement issued on behalf of Speaker John A. Boehner and his three top lieutenants.
But Senator Harry Reid, the majority leader, instead called on House Republicans to pass an existing Senate measure that would prevent tax increases on household income up to $250,000. “The Senate has already rejected House Republicans’ Tea Party bills, and no further legislation can move through the Senate until Republicans drop their knee-jerk obstruction,” he said in a statement.”
– which the Republicans equate with “dropping trou” and throwing their legs up over their heads.
In fact the whole thing brings associatively to mind this early Hockney
about which he said –
“At the time of the painting I had a newspaper clipping on the wall with the headline ‘TWO BOYS CLING TO CLIFF ALL NIGHT ’There were also a few pictures of Cliff Richard pinned up nearby”
“although the headline was actually referring to a Bank Holiday mountaineering accident.”
Hockney was of course lso thinking of –
“WE two boys together clinging,
One the other never leaving,
Up and down the roads going—North and South excursions making,
Power enjoying—elbows stretching—fingers clutching,
Arm’d and fearless—eating, drinking, sleeping, loving,
No law less than ourselves owning—sailing, soldiering, thieving, threatening,
Misers, menials, priests alarming—air breathing, water drinking, on the turf or the sea-beach dancing,
Cities wrenching, ease scorning, statutes mocking, feebleness chasing,
Fulfilling our foray.”
As for those bloodsuckers known as “Republicans,” Professor Krugman reminds us –
“OK, if there’s one thing the fiscal cliff confrontation isn’t, it’s a “debt crisis”. The problem — a political standoff that may lead to damaging austerity in an economy that’s still depressed and in a liquidity trap — has nothing to do with either debt or deficits; the danger would be exactly the same if America had a balanced budget and low debt.
So what’s going on with the subhed? The answer is that the Very Serious People — and there’s nothing as VSP as the WaPo — have spent years crying Deficits! Debt! Danger!, and staff at the Post can’t wrap their minds around the fact that suddenly it’s a too-rapid fall in the deficit that has those very same People terrified.
It speaks to the state of confusion that all the deficit fearmongering has created. And if headline writers at a major newspaper can’t get it straight, how can you expect ordinary voters to get it?”
Something tells me those “Headline writers” equate Boehner’s much-vaunted “Plan B” with “Plan B”
And that means cooperating with President Obama in any way is (dare I say it?) ABORTION!!!!!!!
Oh to bloody hell with the Republicans and their “Headline writers.”
Sing us out lads.