“BUDGET COMPROMISE REACHED?” Wall Street Journal

The title of a Wall Street Journal report released on December 31, 2012 is “U.S. Budget Compromise Deal REACHED” (Web-site/URL:

“President Barack Obama and Senate leaders Monday (December 31, 2012) reached a New Year’s budget agreement that would let income tax rates rise for the first time in nearly 20 years, maintain unemployment benefits for millions of people and blunt the impact of spending cuts that were looming as part of the fiscal cliff” FOR NOW.

“The LONG-SOUGHT compromise, which will raise taxes on income over $450,000 for couples, was approved by the Senate in the early morning hours Tuesday (January 1, 2013). “The House was expected to consider it later in the day (January 1, 2013)”. Again, there are TWO things to note here. First“long-sought” reinforces how TOUGH this wasSecondly notice “THE HOUSE was expected to consider it later in the day”This will be interesting because THE HOUSE is controlled by JOHN BOEHNER and AN ENTIRELY DIFFERENT cast of characters from the cast of characters in the SenateSo, WHO KNOWS WHETHER this will pass the House?

“in a statement”, Obama said: “While NEITHER Democrats NOR Republicans got EVERYTHING they wantedthis agreement is the right thing to do for OUR COUNTRY and THE HOUSE SHOULD pass it WITHOUT DELAYWell, HARRY REID has the cards in THE SENATEThat’s why the budget plan passed in that chamberOn the other handJOHN BOEHNER wears the pants in THE HOUSE so whether the budget passes that chamber IS ANYONE’S GUESS. He said it would “grow the economy and shrink our deficits in a BALANCED (?) way“. Again, what is “balanced” to OBAMA and his DEMOCRATIC allies WON’T be “balanced” to THE GOP and vice versa so again this is open to INTERPRETATIONS (Web-site/URL: http://www.youtube.com/watch?v=NgnAY_eXYbI).

“Despite concerns raised by some Senate Democrats, the bill was approved by A STRONG 89-8 vote, with A MAJORITY OF both parties IN SUPPORT. 89-8 is an OVERWHELMING majorityThis (“a MAJORITY of both parties IN SUPPORT“)  is something that we HAVEN’T been able to say for A LONG TIME.

“One of the most strident OPPONENTS was Democratic Sen. Tom Harkin of Iowa. Speaking on the Senate floor shortly before the vote, he declared the compromise benefited THE WEALTHIEST Americans at the expense of those who could afford it the least. “declaring he would VOTE AGAINST the legislation”, Harkin said: “Maybe now we are all believers of TRICKLE-DOWN economics (tax breaks provided to THE WEALTHY first because these will benefit THE ECONOMY AS A WHOLE). Not I“.

“The other seven senators voting AGAINST the bill were Democrats Tom Carper of Delaware and Michael Bennet of Colorado and Republicans Charles Grassley of Iowa, Mike Lee of UtahRand Paul of KentuckyMarco Rubio of Florida and Richard Shelby of Alabama”Why did CARPER and BENNET against this bill? On the GOP sideMIKE LEE and RAND PAUL are part of the TEA PARTY while RUBIO and SHELBY are KNOWN CONSERVATIVES.

According to Senate Minority Leader Mitch McConnell, “(speaking) on the Senate floor shortly before the vote”, “This SHOULDN’T be the model for how to do things around here“, but the fact of the matter is that “This” IS “the” way “things” ARE BEING DONE “around here”. “But I think we can say we’ve done some good for THE COUNTRY” as opposed to obsessing over STATES or districts. “We’ve taken care of the REVENUE side of this debate”leaving us with only “the” COST “side” to deal withGOP and CHINESE HOUSEWIVES’ obsessionMr. Biden, asked about the outlook for the compromise, told reporters that his long experience on the Hill taught him two things”. “You SHOULDN’T predict how the Senate is going to vote before they vote—YOU WON’T MAKE A LOT OF MONEYobviously. “And you SURELY SHOULDN’T predict how the House is going to vote” because the House is EVEN MORE PARTISAN than the Senate with even more TEA PARTY characters. “But I feel VERY, VERY GOOD“. HUH? The Vice President has just contradicted himself.

“”Asked what pitch he made to liberals who were skeptical of the deal, Mr. Biden said he told them, “This is Joe Biden and I’M YOUR BUDDY“. When was the last time POLITICIANS were “buddies” with anyone? THIS IS A CIRCUS.

“Heading into a meeting with Mr. Biden and Senate Democrats, Sen. Claire McCaskill of Missouri said, NOBODY’S (completely) HAPPYthat means it’s probably a compromise. This is the definition of compromise.

“But Sen. Barbara Boxer (D., Calif.) said that Mr. Biden at the meeting told Democrats that the compromise advanced Democratic Party principles”. “He told us we can stand proud and tall that a lot of OUR VALUES were protected“. “values” are not and in most cases, SHOULD NOT be easily compromised.

“After the meeting”, Sen. Charles Schumer said: “There are many, many reasons (why) people DON’T like the proposal, but there is very close to unanimity that it’s better than GOING OVER the cliff”Yes. “There are disagreements on this provision, that provision and other provisions are large and wide but the number of people who believe we should GO OVER the cliff rather than vote for this is very small”REALLY

Finally, “Opposition to the deal also came quickly from conservatives. Heritage Action, a conservative political group, urged senators to vote against the bill and said it would be a “key vote” in its ratings of lawmakers”. “This KICK-THE-CAN APPROACH , necessitated by a president WHO REFUSES TO STOP CAMPAIGNING and start seriously addressing our nation’s fiscal problems,IS NOT an adequate solution to America’s COMING fiscal crisis, which is a result of OVERSPENDING, NOT UNDER-TAXING“. So, the Heritage Foundation is A PUPPET OF THE TEA PARTY.

To conclude, yes, a “budget deal (has been) reached” but GRUDGINGLY and with plenty of opposition.

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