Kent Conrad ready to give away the farm on the fiscal cliff
Here's as good a reason as any to just go over the damned fiscal cliff curb: Waiting until we have a new Congress to resolve it would mean retiring Sen. Kent Conrad won't be around to screw it up. Here's what he proposed on Fox News Sunday.
“My own belief,” Conrad said, “is what we ought to do is take Speaker Boehner’s last offer, the president’s last offer, split the difference, and that would be a package of about $2.6 trillion.” [...]
This in an amazing offer for a Democrat to make. House Speaker John A. Boehner (R-Ohio) has already accepted that “a balanced deal,” by his definition, would include a ratio of 1:1 spending cuts to tax increases. Indeed, his second offer included $1 trillion in tax increases in return for $1 trillion in spending cuts ($1.3 trillion if you count interest). By averaging Boehner’s second offer with Obama’s third offer—that is to say, by starting from a baseline that includes more rounds of Democratic concessions than Republican concessions—Conrad is proposing a more lopsided deal than Boehner is currently asking for.
As Ezra Klein points out, Conrad is one of a handful of Democrats whose response to Republican intransigence is to reward their temper tantrums with more concessions. And the response from Republicans? No compromise. To which these Senate Democrats will say, "okay, here's just a little bit more of a tax cut."
Conrad isn't the only problem Democrat, just the most vocal and annoying one. They would give up all the leverage the White House has in this fight, and Republicans know it. Stepping off the curb could be the best possible solution to making sure the ConservaDems in the Senate don't screw this up any further.
|by Anonymous||reply 11||12/27/2012|
People like this need to know there are consequences for betraying the public. Nothing that could happen to the economy from the cliff is remotely as bad as what $2.6 trillion in spending cuts would do.
|by Anonymous||reply 1||12/26/2012|
Look for the payoff. I can guarantee there is one. This dude has been corrupt his whole life.
|by Anonymous||reply 2||12/26/2012|
"Rotating villain," as Glenn Greenwald wrote about some Senate Democrats (on the healthcare bill), is the tactic of the party. This time, it's Kent Conrad, the exiting Senator from North Dakota. (Didn't Carl Levin, from Michigan, recently come out against filibuster reform?)
|by Anonymous||reply 3||12/26/2012|
Carl Levin is not a villain. Others are part of the rotating villain thing, but not him.
|by Anonymous||reply 4||12/26/2012|
Kent Conrad is retiring next week as the Senator for North Dakota. I suppose it's just as well.
Hopefully Heidi Heitkamp will be an improvement.
|by Anonymous||reply 5||12/26/2012|
Conrad is retiring? Obviously time for him to collect that lobbyist paycheck.
|by Anonymous||reply 6||12/27/2012|
Yes, R6. He was afraid the Republicans would beat him in this election so he chickened out of running again. Luckily Heidi Heitkamp stepped in to pick up the slack otherwise we would have lost a Senate seat to the Republicans.
|by Anonymous||reply 7||12/27/2012|
None of the Democrats including Obama have any balls. Nancy is completely spineless unless she finds out some male democrat did something naughty, then she rides them out of town on a rail and loses their seat to the repukes.
|by Anonymous||reply 8||12/27/2012|
Want to see how the Fiscal Cliff will affect you and your rich neighbors?
|by Anonymous||reply 9||12/27/2012|
I'm okay with an extra $1200 a year going to taxes.
|by Anonymous||reply 10||12/27/2012|
I say GO OVER the fucking cliff.
It's the only way we'll ever cut defense spending.
|by Anonymous||reply 11||12/27/2012|