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A Solidly Republican House Crashes Down on Grover Norquist

6:54 am in Uncategorized by SJGulitti

At this point all I can do is laugh when I think about how some of my friends on the far right were naive as to think that sensible Republicans in Congress had failed to heed the message of the 2012 election and the current political realities borne therefrom. The latest development in the fiscal cliff drama show to what degree some on the right have regained their senses and moved back to the center, in the direction of much needed compromise. Quoting political commentator Jennifer Steinhauer: “Ending a climactic fiscal showdown in the final hours of the 112th Congress, the House late Tuesday passed and sent to President Obama legislation to avert big income tax increases on most Americans and prevent large cuts in spending for the Pentagon and other government programs. The measure, brought to the House floor less than 24 hours after its passage in the Senate, was approved 257 to 167, with 85 Republicans joining 172 Democrats in voting to allow income taxes to rise for the first time in two decades, in this case for the highest-earning Americans…The decision by Republican leaders to allow the vote came despite widespread scorn among House Republicans for the bill, passed overwhelmingly by the Senate in the early hours of New Year’s Day. They were unhappy that it did not include significant spending cuts in health and other social programs, which they say are essential to any long-term solution to the nation’s debt.” Clearly and unequivocally the resolution of the fiscal cliff represents a major defeat for Grover Norquist and his Tea Party allies as well as a significant victory for president Obama.

And what of those Republican Congressman who voted to let tax rates rise? Remember how often we’ve been told that almost every Republican in the House had signed Grover Norquist’s “No Tax Pledge.” Quoting Politico’s Alexander Burns and Maggie Habberman: “…given the lopsided Senate vote in favor of the tax-hiking measure, as well as the 85 GOP House members who voted yes, members of the GOP have violated the party’s no-new-taxes orthodoxy for the first time in two decades. It’s a significant concession in the aftermath of Mitt Romney’s November defeat and a potentially existential moment for a party that has prided itself on a defiant and dogmatic dislike of tax increases. What remains to be seen is whether that is merely a tactical retreat — bowing to the unique circumstances of the fiscal cliff — or a more meaningful cave-in on the part of Republicans who believe that their anti-tax platform has become politically unsustainable, particularly after a presidential cycle in which the party found itself caricatured as the puppets of the rich and powerful.” Perhaps it was the fact that a large majority of Republican Senators had voted for a tax hike that finally drove home the political reality to the 85 Republican Congressional legislators who decided to follow suit. Why even such staunch conservatives as Congressman Paul Ryan and Senators Patrick J. Toomey and Tom Coburn voted in favor of raising taxes. The fact that, in the face of a growing fiscal crisis, that Republicans voted to raise revenue via tax hikes, should come as no surprise as 2012 election exit polling showed 75% of the voters supported said increases, including a large minority of those who voted for Mitt Romney. Fox News contributor and prominent conservative commentator Charles Krauthammer opined: “This is a complete surrender on everything” and “a rout.” Not surprisingly, Norquist himself appeared on the cable circuit claiming to Anderson Cooper, among others, that the “deal was technically not a pledge violation”, but then what would you expect to hear from a guy who just went off of his own political cliff.

Many on the right have been seen to try to spin this defeat as a tactical maneuver that takes taxes off the table thereby enabling the G.O.P. to be more hard-nosed in dealing with the debt ceiling / spending cuts debate that we’ll be revisiting in a few months. But this too may amount to nothing but wishful thinking. Again quoting Burns and Habberman: “The president’s party, meanwhile, has no intention of easing up on a GOP they believe is in serious disarray. And while Republicans take heart from the hope that they’ll have more leverage in the next showdown, emboldened Democrats say the demand for “balanced” deficit reduction — meaning both spending cuts and new taxes — remains a challenge for their foes. Democratic pollster Geoff Garin, who advised the pro-Obama super PAC Priorities USA, called the fiscal cliff deal “a band-aid on a serious wound” for Republicans. “The sane wing of the Republican Party recognized the GOP was playing a losing hand badly on taxes in a way that was deeply damaging to the Republican brand,” Garin said. “The Republicans will find themselves in a similar mess going forward if they insist on entitlement cuts while resisting new revenues from closing loopholes and tax breaks for those at the top.”

In the final analysis, when the spin and the political posturing is put aside there is one simple fact that comes through as the dust settles in the aftermath of the fiscal cliff and that is that Barack Obama has just cashed in on some major political capital and the sensible conservatives knew he had it to use and fully intended to use it. Obama ran, in part, on solving the fiscal crisis by raising taxes on the richest among us and won. America had two clear choices to pick from and they didn’t pick the conservative version. Much has been made of the fact that the G.O.P. had held onto the House but they only did so as a result of redistricting. In terms of absolute votes cast for those running for Congress, across the nation as a whole, “Democratic candidates for Congress won 1.1 million more votes than Republicans, according to a tally of the popular vote kept by David Wasserman, the House editor of The Cook Political Report.” The Republican leadership in Congress knows that winning as a result of map making means a lot less politically than does winning by popular appeal and presently the G.O.P. ranks near the low end of its historic popularity. More importantly, the American people have demanded compromise and they indicated that they are clearly fed up with Tea Party obstruction on Capitol Hill. This had to be a motivating factor for Republicans as it is they, not Obama and the Democrats who would have been blamed for the country’s sliding back into a recession. In the end President Obama wound up giving less in the way of concessions than he would have just two weeks ago when he bargained with John Boehner in search of a deal and dramatically less than he would have back in 2011 when he and the Speaker were on the verge of a “Grand Bargain.” Such is the measure of the political shift that has taken place since the Tea Party victories in 2010 and Obama’s re-election this past November.

Steven J. Gulitti
1/2/2013

Sources:
Jennifer Steinhauer: “Divided House Passes Tax Deal in End to Latest Fiscal Standoff”; http://www.nytimes.com/2013/01/02/us/politics/house-takes-on-fiscal-cliff.html?pagewanted=2&_r=0&ref=todayspaper

“John Boehner, Eric Cantor Split On Fiscal Cliff Deal”; http://www.huffingtonpost.com/2013/01/02/john-boehner-eric-cantor_n_2395593.html?utm_source=DailyBrief&utm_campaign=010213&utm_medium=email&utm_content=FeatureTitle&utm_term=Daily%20Brief

Mike Allen and Jim VandeHei: “BEHIND THE CURTAIN — Why the GOP caved: The politics are horrible on the backside of the cliff”; http://www.politico.com/playbook/

“Tea party backers swallow a bitter pill in ‘cliff’ bill”; http://www.washingtonpost.com/politics/cliff-bill-is-a-bitter-pill-for-houses-tea-party-adherents-to-swallow/2013/01/01/5345286e-544d-11e2-8e84-e933f677fe68_story.html

“GOP anti-tax policy goes over the cliff”; http://www.politico.com/story/2013/01/gop-anti-tax-policy-goes-over-the-cliff-85657.html

Charles Krauthammer: “Cliff deal a ‘rout”; http://www.politico.com/story/2013/01/krauthammer-cliff-deal-surrender-85656.html?ml=po_r

“Why President Obama, Mitch McConnell took the deal”; http://www.politico.com/story/2013/01/why-mcconnell-obama-took-the-deal-85655.html#ixzz2Gr6BLtPZ

“Obama hails tax bill, warns GOP not to pick fight on debt ceiling”; http://thehill.com/homenews/administration/275123-obama-hail-cliff-deal-but-warns-gop-on-debt-ceiling

“How Maps Helped Republicans Keep an Edge in the House”; http://www.nytimes.com/2012/12/15/us/po

The Growing Revolt Against Grover Norquist

1:57 pm in Uncategorized by SJGulitti

Grover Norquist - Caricature

Grover Norquist - Caricature

Two weeks ago I penned a short piece titled “Grover Norquist Collateral Casualty of 2012?” where I broached the question of whether or not Norquist would become a casualty as a result of the coming fiscal cliff negotiations and where I said, “…look for Grover Norquist to politically take a major hit in the resolution of the fiscal cliff crisis.” The way things are playing out I think that we can pretty much assume that Norquist is already taking on water and his support and influence seems to be fading with each passing day. Let’s review a few recent developments, staring with this:”Grover Norquist: Washington Enemy No. 1 :The man who enforces the no-new-taxes pledge is under fire like never before. Why he still expects Republicans will hold the line”; To wit: “Republicans are facing an avalanche of pressure from the White House, the media and even many on Wall Street to abandon their antitax principles to avoid a “fiscal cliff…The pressure on Republicans to repudiate this oath has never been as intense as it is now. Mr. Obama is claiming a voter mandate to raise taxes, while the media and liberals are declaring that the days of “Norquistism,” as they derisively call it, are over. A New York Times story this week claimed that more Republicans are ready to violate the pledge. After the 2011 debt-ceiling debacle, the election losses and the prospect of getting blamed for going over the fiscal cliff, the conventional wisdom is that the GOP has no choice but to fold…I remind Mr. Norquist that the election exit polls show that voters, for the first time in two decades, favor higher taxes on the rich.”

In the Senate, several prominent Republicans have already broken ranks with Norquist publicly, Lindsey Graham (R-SC): “When you’re $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming Greece, and Republicans — Republicans should put revenue on the table…We’re this far in debt. We don’t generate enough revenue. Capping deductions will help generate revenue. Raising tax rates will hurt job creation…So I agree with Grover, we shouldn’t raise rates. But, I think Grover is wrong when it comes to [saying] we can’t cap deductions and buy down debt…I want to buy down debt and cut rates to create jobs, but I will violate the pledge, long story short, for the good of the country, only if Democrats will do entitlement reform.” Tom Coburn (R-OK): “I’m all for the very wealthy paying more taxes…Senate Republicans — and many House Republicans — have repeatedly rejected Mr. Norquist’s strict interpretation of his own pledge, a reading that requires them to defend every loophole and spending program hidden in the tax code…As a result, rather than forcing Republicans to bow to him, Mr. Norquist is the one who is increasingly isolated politically.” John McCain (R-AZ) said Sunday, “that he would support limiting deductions.” Saxby Chambliss (R-GA) who said last week that “the pledge is outdated and unhelpful for reducing the national debt…I care more about my country than I do about a 20-year-old pledge.” Bob Corker (R-TN): “I’m not obligated on the pledge…I made Tennesseans aware, I was just elected, the only thing I’m honoring is the oath I take when I serve, when I’m sworn in this January.” The senior Republican Senator from Tennessee, Lamar Alexander said that the only oath he’s taken is his oath of office.” Regarding taxes Alexander said’ “I think Republicans have done plenty of talking about revenues on the table…We’re ready. It’s time for the president to step up.”

Of even greater significance is the fact that the defections have now moved beyond the Senate, where Republicans are in the minority, to the Republican controlled House of Representatives. Even fiscal hawk Eric Cantor (R-VA) has publicly distanced himself from Norquist, “When I go to the constituents that have reelected me, it is not about that pledge…It really is about trying to solve problems.” While Cantor, like Graham isn’t a fan of raising the tax rates he is unequivocally in favor of increasing revenues and he doesn’t necessarily tie that to matching adjustments in deductions as required by the Norquist pledge. Peter King (R-NY) said, “everything should be on the table in negotiations to avert the “fiscal cliff.” Jeff Flake (R-AZ): “The only pledge I’d sign is a pledge to sign no more pledges…We’ve got to ensure that we go back and represent our constituents in a way — I believe in limited government, economic freedom, individual responsibility. I don’t want higher taxes. But no more pledges.” Quoting the political magazine “The Hill” on the comments of Congressman Tom Cole (R-OK): “Rep. Tom Cole (R-Okla.), a respected party strategist and former chairman of the National Republican Campaign Committee, became the most prominent House Republican to suggest that the GOP do what has long been unthinkable within the party: lock in the George W. Bush-era tax rates for annual incomes up to $250,000 without simultaneously extending them for top earners.” Diane White (R-TN): “I answer to my constituents, not to a pledge.”
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12:38 pm in Uncategorized by SJGulitti

Against the backdrop of heightened political rhetoric among conservatives about not being willing to raise tax revenues as part of the deal to raise the debt ceiling, there is a growing acknowledgement among many Republicans in Washington as to the ultimate need to increase revenues. While many on Capitol Hill continue to parrot conservative talking points about not increasing tax revenues, the political leadership within the G.O.P. and outside the Republican Party is sounding more and more amenable to some form of raising revenue, even if it is structured as tax reform.

In an interview that came in under the radar following the collapse of the debt talks chaired by Vice President Biden, Republican insider and former congressman Vin Weber appeared on the PBS News Hour to discuss the emerging cracks in Republican opposition to raising taxes to curb the deficit. This controversy is clearly evident in the ongoing public spate between Grover Norquist of Americans for Tax Reform and Senators Tom Coburn (R-OK) and Saxby Chambliss (R-GA) over what actually constitutes a tax revenue increase and the necessity of increasing revenues. Weber stated of Republicans engaged in deficit negotiations: “And I think, if they’re allowed to define, on their own terms, what constitutes a tax increase that opens the door to a broad tax reform that might broaden the base by closing loopholes and eliminating deductions and credits and exemptions, probably coupled with a reduction in top rates to spur economic growth, but resulting in a net tax increase.” As you may recall, Norquist’s Americans for Tax Reform had circulated a Taxpayer Protection Pledge to conservative politicians for their signature ahead of the 2010 elections which many, particularly members of the Tea Party, signed. The Pledge includes the following wording “ONE, oppose any and all efforts to increase the marginal income tax rates for individuals and/or businesses; and…TWO, oppose any net reduction or elimination of deductions and credits, unless matched dollar for dollar by further reducing tax rates.” Thus the pledge, a document of the utmost importance on the far right, not only prohibits tax increases; it opposes any effort to raise revenue through the elimination of loopholes, deductions and credits “unless matched dollar for dollar by further reducing tax rates.”

In the time that has elapsed since Weber’s PBS interview Speaker of the House, John Boehner (R-OH) has approached the White House with a proposal for $ 1 trillion in unspecified new revenues as part of an overhaul of tax laws in exchange for an agreement that made substantial spending cuts, including in such social programs as Medicare, Medicaid and Social Security. According to White house officials, “Mr. Boehner suggested that he was open to the possibility of $1 trillion or more in new revenue that would be generated by addressing tax issues already raised in the talks, like killing breaks for the oil and gas industry, eliminating ethanol subsidies and ending preferential treatment for corporate jets. But those changes would fall far short of the revenue goal, and the source of the rest of the money would, under what they described as Mr. Boehner’s proposal, be decided by Congress through a review of tax law changes. One official said some revenue could be generated by allowing Bush-era tax cuts for affluent Americans to expire at the end of 2012, which would produce hundreds of billions of dollars, though those savings would be offset by the costs of retaining lower rates for those below the income threshold.” Eric Cantor (R-VA), who had walked out of the Biden talks and who has previously been a staunch opponent of raising revenues was quoted on PBS on July 6 as saying that he was willing to talk about closing loopholes and his fellow Republican in the Senate, Mitch McConnell (R-KY) likewise was quoted on the same program, “I’m open to tax reform. We need to do it broadly… Everybody’s going to have to contribute to it in one way or another.” Why even Tea Party backed Senator Mike Lee (R-UT) was on the news this evening saying that he was not necessarily opposed to raising revenues as long as it didn’t involve an increase in tax rates.

There is one other factor to consider in this whole discussion and that’s the current opinion of the American people. The latest Pew Research Polling on the subject: “Public Wants Changes in Entitlements, Not Changes in Benefits; GOP Divided Over Benefit Reductions”, reveals an American public that on a two to one basis feels that keeping entitlements the way they are is more important than reducing the deficit. Likewise similar levels of support are evident for other issues such as Medicare cost responsibilities and whether or not poor people should have their Medicaid benefits taken away. In fact if you go inside the numbers what you see is that even less affluent Republicans are now opposed to reductions in entitlements. While the political class and its attendant punditry are embroiled in discussing what to cut and where to raise revenues, the American people, even though they know that some type of reform is required, have expressed an emphatic desire to leave their benefits largely unchanged. Thus the Republican leadership in Washington has to maneuver between a public that wants it’s entitlements left alone, a Tea Party faction that has yet to understand that compromise is part of governing and the prospect of throwing our economy and the world economy along with it, into the tailspin that would result if we were actually to default on our Treasury obligations by failing to raise the debt ceiling.

The bottom line on the issue of raising revenues as part and parcel of a debt deal is that opposing such measures is a lose-lose proposition. Republicans came to power in the House in 2010 with the idea that getting the debt under control was one of the most important issues facing the nation today. Few reputable economists have taken the position that the debt could be reduced by spending cuts alone, thus revenue increases of some sort are required. To forgo increased revenue is to fail in the effort to reduce the debt, which for the G.O.P. is a loser. However, to consider revenue increases after having campaigned on no new tax increases of any type is a loser as well and as such any debt deal compromise that includes revenue increases can only be seen as a setback for the Republican Party. But beyond the fortunes of the Republican leadership are those of the Tea Party movement. Any debt deal that contains a significant increase in federal revenues can only be seen as a major setback for the Tea Party movement as well seeing as opposition to increased federal revenue has been a major reason behind the movement since its arrival on the political landscape.

Steven J. Gulitti
7/7/11

Sources:

Sen. Cornyn to Obama: Take Tax Increases Off the Table: http://www.pbs.org/newshour/bb/politics/july-dec11/budget_07-05.html

Cracks Emerge in Republican Opposition to Raising Taxes to Curb Deficit: http://www.pbs.org/newshour/bb/politics/jan-june11/goptaxes_06-24.html

Americans For Tax Reform: Taxpayer Protection Pledge;

http://www.atr.org/taxpayer-protection-pledge

Obama to Push for Wider Deal With G.O.P. on Deficit Cuts; http://www.nytimes.com/2011/07/07/us/politics/07fiscal.html?emc=eta1

Lawmakers Remain Divided on Deficit Fundamentals as Deadline Draws Closer; http://www.pbs.org/newshour/bb/politics/july-dec11/deficit_07-06.html

Public Wants Changes in Entitlements, Not Changes in Benefits; GOP Divided Over Benefit Reductions;http://people-press.org/2011/07/07/public-wants-changes-in-entitlements-not-change-in-benefits/

Boehner Must Navigate Rocky Road to a Budget; http://www.nytimes.com/2011/06/25/us/politics/25fiscal.html?emc=eta1

The Tea Party, Taxes and Spending Cuts‏

10:48 am in Uncategorized by SJGulitti

A key goal of the Tea Party movement is the reduction of the national debt and thus the size of government via spending cuts. However, it is highly unlikely that the federal deficit can be reduced through spending cuts alone. That said if the Tea Party movement harbors such a fundamental opposition to tax increases and revenue enhancements and those measures are required in order to effect the deficit reduction they hope to achieve, how can the movement can ever hope to be successful.

It was a perquisite that those seeking Tea Party support in the 2010 elections for the House and Senate sign a statement stating that they would never raise taxes or eliminate tax breaks in attempt to reduce the federal deficit. This may prove a pledge that cannot be kept for those who ultimately want to lower the deficit. Two of the three major deficit reduction panels, the National Commission on Fiscal Responsibility and Reform, co-chaired by, Republican Alan Simpson and Democrat Erskine Bowles, and the Bipartisan Policy Center’s Debt Reduction Task Force, co-chaired by former CBO Director Alice Rivlin and retired Senator Pete Domenici (R-NM), have both included revenue enhancements as part of deficit reduction. Quoting political reporter Jackie Calmes: “The sponsors of the plans say that the scale of the nation’s fiscal problem is too great to resolve without both raising taxes and cutting projected spending on Medicare, Medicaid and Social Security, all popular entitlement programs.” It is these recommendations that are at the center of the bipartisan discussion currently underway in the Senate. While those on the far right will continue to insist that the deficit can be reduced by spending cuts alone, the political reality is that the discussion in Washington has now moved beyond that argument and the facts reveal that there is some degree of bipartisan support for revenue enhancements in any deficit reduction package.

A growing minority within the G.O.P. is also making the case that the projected debt is too big to handle simply by cutting spending. In the run up to the 2010 elections, Saxby Chambliss (R-GA) observed: “Everything has got to be on the table for discussion… “there are a lot of things people are going to have to be educated about, on the spending side as well as the revenue side.” Chambliss is now one of the “Gang of Six” senators involved in negotiations as to how to implement the deficit reduction panel’s proposals. Since the panels findings have made it into the discussion on deficit reduction, Chambliss stated, “We’ve got to have an increase in revenues to be able to retire this debt.” Chambliss appearing on CNN in April said, “Now, if we don’t want to pay the debt back, then we could just not worry about the revenues. But the fact is we’ve got a $14 trillion debt staring us in the face, and revenues have to be on the table if we’re serious about attacking that debt.” Tom Coburn (R-OK), who had been a “Gang of Six” member, has parted company with those who rule out revenue enhancements. Appearing on Meet the Press in April Coburn said that increasing revenues may be required in order to address the deficit issue and in an NPR piece, he indicated that the solution to the deficit problem may involve tax increases. Coburn’s stance has touched off an internecine feud within the ranks of conservatives as well. Grover Norquist of the Americans for Tax Reform, the creators of the anti-tax pledge, criticized Coburn on his change of heart as it relates to tax increases. Coburn in responding to a question on Meet the Press has in turn dismissed Norquist and his organization as being nothing more than just another anti-tax lobbying group: “Which pledge is most important, David, The pledge to uphold your oath to the Constitution of the United States? Or a pledge from a special interest group who claims to speak for all of American conservatives, when in fact they really don’t?”

Now, even though he seems to have temporarily left the Gang of Six, Coburn continues to point to the need for revenue enhancements. To wit: “But look, realistically we cannot solve our problems unless we generate growth in this country, and the only way we’re going to do that is back off on a lot of regulations, create a tax structure that’s going to cause investment to happen, and get dynamic returns that actually increase the revenues coming to the federal government. We can’t do it all by eliminating large sections and duplicate spending and waste. We can do a large portion of it, but there has to be some revenue component to that, and anybody that says that’s not the case, I think they’re just wrong and they’re not thinking about the long-term health of our country.”  James Thurber, an expert on congressional affairs at American University points out: “It’s significant that both Chambliss and Coburn see increased revenues as part of the solution to chronic deficits… This is the beginning of a crack, which may allow for a deal, Thurber says. “Norquist will try to stop it, and it will be a major confrontation between the Republican senators and Norquist.” Thus while the hot rhetoric flies back and forth on the political street, in the chambers of the Senate, all manner of measures are being considered in deficit reduction strategy sessions.

It’s not only practical politicians on the right who have abandoned the idea that the deficit could be addressed by spending cuts alone, conservative sources outside the Beltway are weighing in on the need for revenue enhancements as well. Quoting David Stockman: “It is obvious that the nation’s desperate fiscal condition requires higher taxes on the middle class, not just the richest 2 percent. Likewise, entitlement reform requires means-testing the giant Social Security and Medicare programs, not merely squeezing the far smaller safety net in areas like Medicaid and food stamps.” The Wall Street Journal’s David Wessel pointed out that the ideas contained in Paul Ryan’s budget plans will actually lead to tax increases due to Ryan’s faulty math and unrealistic assumptions as to what can be done and how. In addition, the nonpartisan Tax Foundation makes the following observation: “Overall, this feed the beast question is the core question that conservatives must answer before taking a position on the role of tax hikes in solving the long-term budget problem. If feed the beast isn’t a problem at all, but you still hold deep to your no tax hike position so as to support fiscal insolvency which would trigger enormous tax hikes, your position is so illogical that you don’t deserve to be part of the debate.” Martin Feldstein, former Reagan Economic Advisor, made the following observation, “Reducing the budget deficit and stopping the explosion of our national debt will require more tax revenue as well as reduced government spending. But the need for more revenue needn’t mean higher tax rates. As the bipartisan fiscal commission appointed by President Obamastressed last year tax revenues can be increased substantially by limiting the deductions, credits and exclusions that are essentially government spending by another name.” Likewise, even the conservative National Journal says that revenue increases have to realistically be on the table.

Are there still those among the newly elected Tea Party caucuses that are insisting on reducing the national debt and the size of government but spending cuts alone, of course there are but their actual influence is now hardly the force it was once thought to be. What is important to note is that these people will not have the final say in the ultimate policy outcome. I predict the scenario will play out as follows. The Tea Party Caucus in the House of Representatives will continue to clamor for drastic cuts in spending and no increase in taxes or revenues and Speaker Boehner will continue to parrot that line right up until the last minute upon which he will take his proposals to the Senate only to have them rejected. Thereafter, Boehner will return to the House, just as he did during the Continuing Resolution debates, where he will inform the Tea Party crowd that what they had hoped to accomplish is not in the cards politically. Like the situation related to the Continuing Resolution, the final product will be the result of compromise not political extremism and that compromise will be tempered by the fact that the Democrats control the Senate and Obama wields the veto pen. Thus, the only choice that the House Tea Party Caucus will have available to it will be a solution that is quite different from the philosophy of its core beliefs. The ultimate result will be that those who came to Washington with the idea that they could reduce the deficit and size of government by spending cuts alone will be in for a rude awakening sooner rather than later. There is no way that can be seen as good news for the Tea Party. After all, if you cannot come through on one of the single most important planks in your platform, what can you do? Therein lies what could be the single greatest threat to the continued existence of the Tea Party. If you cannot even remotely accomplish that which you set out to achieve, why would anyone continue to be attracted to your core philosophy or vote for your candidates? Hence, the ultimate fallout from this great debate before us on raising the national debt limit and the concomitant discussions related to taxes and spending may very well be the end of the beginning for the Tea Party movement as a force in American politics.

 
 
Steven J. Gulitti
May 23, 2011
 
 
 
Sources:
 
 
Can Deficit Reduction Panels Get Congress’ Attention
 
Obama Deficit Panel Gets Some Competition
 
Jackie Calmes: Deficit Panels Go Where Politicians Won’t
 
‘Gang of Six’ may solve U.S. debt mess
 
On Deficit Proposals, a Failure of Will and Not Ideas
 
Meet the Press – Showdown Over Spending, Room for Compromise?
 
NPR: Conservative Heavyweights Trade Jabs Over Taxes
 
Sen. Coburn: Americans for Tax Reform a Special Interest
 
One-on-One with Senator Tom Coburn
 
Raise Taxes, but Not Tax Rates
 
David Stockman: The Bipartisan March to Fiscal Madness
 
David Wessel: New Proposal Hits Old Hurdles of Budget Math
http://online.wsj.com/article/SB10001424052748703806304576245023533534178.html
 
Tax Foundation: Should Conservatives Favor Tax Hikes to Solve Long-Term Budget Gap? An Outline to Answering the Question

The Winds Of Folly Begin To Buffet Newt Gingrich

9:49 am in Uncategorized by SJGulitti

Newt Gingrich - Caricature

"Newt Gingrich - Caricature by DonkeyHotey, on Flick

 

Back in March I wrote a piece on Newt Gingrich’s far fetched dream of being elected to the American presidency, “Newt Gingrich’s Dream, Driven by the Winds of Folly?” In concluding the aforementioned I wrote:”Ultimately Gingrich’s presidential aspirations will be blown by the winds of folly onto the rocks of political reality. His political day has come and gone and it’s not going to come back. It’s just a matter of time before he himself comes to that realization.” Now just a few weeks after formally announcing his candidacy and having a plethora of prior positions and comments come back to haunt him, Gingrich seems to be on the verge of one of the fastest denouements in American political history.

As everyone knows, any serious candidate for the presidency passes through the trial by fire that is NBC’s Meet the Press and Gingrich’s recent appearance on the show seems to have only hastened his political demise. Having to answer questions about his multiple marriages, his prior endorsement of elements of what is presently within Obama’s health care reform and his characterization of Paul Ryan’s economic ideas as radical and right-wing engineering has touched off a mass of defections among donors and a rising chorus of criticism on the right as to his fitness for the office of the presidency. According to political reporter Jon Ward: “The former House Speaker from Georgia’s once biggest advantage over other long shot candidates — an established fundraising network — is withering before his eyes.”The last 48 hours have called into question if Newt can even make it to July 4, because his fundraising is going to dry up,” said one veteran Republican strategist. “No serious finance bundler is now going to step forward in such an organized campaign and take a leadership role.” Within 24 hours of Gingrich’s Meet the Press interview he had lost 13 of 18 co-chairs to an upcoming fund raising event. Thus Gingrich’s hopes of winning the nomination are dwindling as fast as is the funding he needs to propel his campaign forward.
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