Predictably, Reuters has a slightly more Democrat-friendly take on the situation, as evidenced by their headline: Debt talks collapse, Republicans walk out over taxes.

I like mine better.

U.S. budget talks collapsed on Thursday after Republican negotiators walked out, throwing doubt on Washington’s ability to reach a deal that would allow the government to keep borrowing and avoid a debt default.

Representative Eric Cantor, the No. 2 Republican in the House of Representatives, said participants had identified trillions of dollars in potential spending cuts but were deadlocked over tax increases sought by Democrats. Republican Senator Jon Kyl also pulled out, according to an aide.

“Regardless of the progress that has been made, the tax issue must be resolved before discussions can continue,” Cantor said in a statement.

House Speaker John Boehner, the top Republican in Washington, said Democrats must take tax hikes off the table.

“These conversations could continue if they take the tax hikes out of the conversation,” Boehner said.

The Democrats obviously haven’t learned much from last November’s elections, have they? They are still clinging bitterly to their precious tax hikes on Big Oil and all the other usual corporate bogeymen they love to flog so much. The good news is this means their party is in for even more pain in 2012. The bad news is that in the meantime we all have to suffer as they hold the economy hostage to their failed ideology.

Pelosi and Rep. Chris Van Hollen (D-MD), the ranking member of the Budget Committee, said at a press conference that they were told of Cantor’s exit only after they left a morning meeting at the White House on the debt ceiling vote.

“We left the meeting to find that Leader Cantor had walked out of the meetings….because Democrats want to raise taxes,” Pelosi said. “Yes, we do want to remove tax subsidies from big oil, we want to remove tax breaks from corporations that send jobs overseas. That list goes on.”

Tiresome demagoguery doesn’t strike me as a signal of good faith bargaining. I’m thinking the Republicans are smart to walk away here.

email



Comment Policy: Please read our new comment policy before making a comment. In short, please be respectful of others and do not engage in personal attacks. Otherwise we will revoke your comment privileges.

  • Anonymous

    Pelosi, if you want jobs to come back then cut corporate taxes and capital gains! You liberals are an embarassment to the American people!

    • Anonymous

      Would you please show me evidence of that ever working?

  • Anonymous

    Ladies and gentleman the democrats are getting sized up for the biggest shellacking of their lifetime! If the libs continue to play politics, because that is all this is, then they are done! Enough of this crap! Anybody who understand how to grow revenues AND cut the spending knows that these people have no interest in doing that. Just point the finger and deflect. Not gonna work!

  • Anonymous

    They’ve looted the Treasury and are desperate to try to cover it up. Hey, Nancy and Van Hollen, if you hadn’t of killed so many jobs by having your boot on the neck of industry like the drilling moratorium, and shutting down coal mining, maybe you’d have enough revenue. You can’t have your cake and eat it too. We’re going to put our feet on your necks in 2012.

    • Anonymous

      You’re just jealous that I’m making lots of money during this incredibly strong economy, thanks to President Obama and the policies I crammed down your throat fought for.

      Sincerely,

      Nancy (“Wesley Mouch”) Pelosi

    • Anonymous

      You’re just jealous that I’m making lots of money during this incredibly strong economy, thanks to President Obama and the policies I crammed down your throat fought for.

      Sincerely,

      Nancy (“Wesley Mouch”) Pelosi

    • Anonymous

      Might I add they have also looted Social Security, Medicare and Federal employee pension plan, and underfunded Medicaid? All funny money.

  • Anonymous

    Cantor and Boehner ought to back the dems into raising the gas tax (before the election) – so everyone knows what is happening.

  • Anonymous

    Remove subsidies from big oil. Big oil raises prices to cover shortfall. Gas prices go higher. Americans travel less. Americans buy fewer things to cover their higher overhead. All things shipped on a truck become more expensive. Americans buy even fewer goods. Take bow for brilliance.

    Nice plan, slick.
    Here’s mine.

    Allow offshore oil drilling. Encourage new coal and oil exploration. Export oil like you’re an Arab. Terrorists lose funding. America reaps huge profits. Gas prices drop to a dollar a gallon. All goods shipped on a truck become cheaper. National debt goes down. Tell Chinese to kiss off.

    • Anonymous

      You are totally correct in relating our own oil drilling to terrorism (yeah, he meant the jihadists, so do I).

      As I’ve said before: The very minute word gets out that we plan to drill here, and now, and build new (NEW!) refineries, you will almost be able to hear the collective sphincter-tightening by the enemies of freedom. No more cash for terror operations.

      • Anonymous

        Absolutely. Jihadism oil go hand in hand.

        And I’ll do you one more: take our windfall profits from oil, start investing in “the energy of tomorrow” and the Greenies can have tons of cash to pursue clean energy. In the meantime, pursue the energy source of today like our lives depended on it.

        Preventing us from drilling has very little to do with the environment. If the Greenies gave a rip about the environment, they would also care about the Arabs desert environment too.

        (OT. Sorry. You can have the soap box back now.)

        • Anonymous

          The greenies are a 501c3 let them raise cash from doners after all they all fall under the non-profit organization BS.

        • Persephone

          Establishing standing Tax Credits [permanent ones] for the development of clean ‘green’ energy sources and delivering them to the marketplace…would accomplish it.
          The existing Energy Companies would then have an incentive to diversify.

          It makes sense to encourage them to do it, since they are in the business of…energy.
          They already have the R & D departments in place.
          They already have engineering departments, as well as marketing and transportation for delivery.
          What they don’t have is enough incentive.

    • Anonymous

      Didn’t Glenn B. have a large group of biz people on his show just a couple of days ago? One of them was an oilman, another an oil industry “expert”. I could swear I heard them say that there were no oil co. subsidies. I’m pretty sure there’s an ethanol subsidy (brilliant) but not one for oil according to these. Somebody set me straight if I’m crooked here.

      • Anonymous

        No you heard exactly right. The so called subsidies are tax breaks for exploration which they in turn have to hand over to EPA for a permit. Only to find that permit is denied and the fees are non-refundable. Those fees by the way average about 4 billion per permit. It just happened in Alaska I think it was Shell paid 4 bill for a permit submitted their papers and the EPA said no deal an Eskimo village 70 miles away might be affected by fumes from the drilling rig. obozo and company kept the cash of course.

        • Anonymous

          So, there aren’t really subsidies from the government to the oil companies but the other way around. That really makes me mad. Country killers. We need some major change. O’s hope-a-dope is a flop. An unbelievably expensive one.

    • Anonymous

      Dooooo you actually think you can get the libs to do something that makes sense? We are talking about the NY, Cal, Ill libs that lead the party and we all know how well their plans have worked in their respective home States and corresponding municipalities.

    • Persephone

      We also are sitting on vast quantities of Natural Gas.

      Add that to the equation.
      We could be using more natural gas…for everything.
      Electricity generating plants could be powered by NG.
      So could our vehicles.
      It burns clean…and it is cheap.

      I do not understand why we are not already doing it.

      • Anonymous

        Like RShill said above, there are subsidies for ethanol.

        Now, ethanol sounds pretty good on paper since it is clean-burning and renewable, but (as Beck has talked about) you are burning part of your food supply. It doesn’t work in the States without big subsidies or else driving up the cost of oil so it’s cheaper by comparison. And, it’s murder on engines. Aside from that, it’s the wonder fuel of the future /sarc

        Why would we do this? Is it because our government cares about the environment, that they are sold on just this one type of clean fuel, or could it be that midwest farmers farm the corn and vote?

        Same reason the grand ol’ food pyramid has grain, grain, and more grain at the bottom and was not even created by the FDA, but by the Department of Agriculture.

        Frankly, I smell a rat.

  • Anonymous

    (Nice headline, @TRScoop!)

    Good!

    I sure hope Mark Levin’s “woodshedding” of Boenher and Kasich over the golf thing has got some of these Republicans behaving more energetically when fighting the Dems. Levin has been dead on for the last several weeks, and he is speaking for millions of us.

    It’s not a three-day-a-week, 10-to-4 effort that’s going to contain these miserable looters, gentlemen. This is a war. Act like it.

  • Anonymous

    nancy piglosi spent 5 trillion $ from 2007 until she got shown the door. Raise the debt ONLY with huge cuts. If not let it all fall apart because that’s what will eventually happen anyway. It’s time for the mainstream GOP to grow a pair.

  • http://twitter.com/ozziecastillo The Wizard of Oz

    I completely agree with the GOP position here. If they raise taxes, they will be skinned alive by their own party and by the Dems for stifling growth (which will happen), and if they don’t then they will be blamed by Dems and media that they would not “compromise” to create jobs- It’s a lose/lose since the media plays for the other side. Best thing to do is to remain loyal to their base and not screw over the country for reelection. If I had any Republicans in my state I would write them thank you letters for standing on principle.

  • http://pulse.yahoo.com/_B5344MYI6BXUL36ADKK3JBTPJA GJPinks

    I have an idea. Allow the increase of the Income Tax and other taxes, BUT only for those people and businesses headquartered in the states where more than 50% of their reps vote for the tax hike. That will take care of it….

    • Anonymous

      I wish!! Good one GJP.

  • KenInMontana

    Maybe if we didn’t have the second highest corporate tax rate in the world all those jobs wouldn’t have gone overseas in the first place, eh Nancy? **crickets**

  • KenInMontana

    Maybe if we didn’t have the second highest corporate tax rate in the world all those jobs wouldn’t have gone overseas in the first place, eh Nancy? **crickets**

    • http://twitter.com/ozziecastillo The Wizard of Oz

      They took those jobs overseas because they hate America, and puppies…..and kittens….and kittens that play with balls of yarn with puppies.

  • Anonymous

    At this point I seriously do not care if they shut it all down except military and air traffic. The states can pick up everything else. We are damn resourceful out here in the real world and at this point I’d rather take my chances with my fellow citizens than with all these elected morons combined.

    • Anonymous

      Amen and I second that.

  • Anonymous

    Just saw this on Drudge.

    Hey GOP – Don’t Be a Chicken

    (I guess the could not find video footage of spineless, bloodsucking, bottom feeders)

  • Anonymous

    I think it was Neal Boortz who pointed out recently that even if we taxed “the rich” at 100% it would still not make a dent. The issue is that our leaders are spending like drunken sailors on payday. And they want another raise.

    (No offense to sailors for comparing you to congresspersons.)

    • KenInMontana

      Scoop posted this video by Bill Whittle awhile back explaining just how far we’d get by “Taxing the Rich”. http://www.therightscoop.com/michael-moore-eating-the-rich/

      • Anonymous

        That’s brilliant. What blew my mind is that Moore was talking straight out Marxism, but not using big words…and the people cheered.

        • KenInMontana

          Moore was speaking to his collective of tools and useful idiots.

  • Anonymous

    Stacy McCain has an interesting take on this. It’s an actual “re-election” strategy by Obama and co. Yeah, that’ll work. Idiots.

  • Anonymous

    Nancy, why is the coal industry shipping jobs overseas? Why can’t we tap into the oil and natural gas we have here to any logical degree? You do realize we have more oil than Saudi Arabia and anyone else right? Why do we buy it from them to bring all the way back here?

    The reason companies are shipping jobs overseas, is because democrats have been chasing them out of our country with metaphoric machetes !

    • Anonymous

      It’s called ‘leveling the playing field’ or ‘Social Justice’ – take your pick. imo Affirmative Action on steroids!

    • Persephone

      The only thing that makes sense, Rshill…is that they want to stifle development and production here at home, until they can Control it.
      As in…the nationalization of our energy industry.

      Remember how easily it rolled off of Maxine Waters tongue that time?
      It was when they were grilling the Oil Companies.
      Methinks they’ve discused this concept with glee, whilst talking freely among themselves in private.

      Control freaks!
      The whole lot of them.

  • http://www.facebook.com/people/Anna-Maria/100002412840047 Anna Maria

    Tax tax tax, that is all the democrats want. When it’s going to stop?

  • Persephone

    Finally they are showing some gumption!
    Yes!
    Walk out!
    We want more of that.
    Throw hissy fits if you have to.

    At last…some signs of spinal fortitude are being displayed.
    They are fighting for us.

    Maybe they are getting tired of all the flaming emails and verbal butt-kickings that they’ve been getting.

  • Anonymous

    So help me with this. The congressional Republicans recommend trillions of dollars in cuts and the congressional Democrats still want to raise taxes? Are you kidding me? Really? We are in Alice in Wonderland. Off with their heads!

  • http://twitter.com/Chris100358 Chris

    Let them add the taxes on the millionaires.
    ok the half-millionaires.
    no…? oh… ok, the 1/4-millionaires.

    None of US wants to ever make that much money anyway. I just want my 100K a year starting with 30k in fed tax being taken RIGHT OFF of THE TOP already. How much more crotch grabbing, diet dictating, decision restricting BS will we take?

    Let ‘em raise taxes NOW, soooooo the last 30% who think this is a good idea can suffer the consequences NOW a year before the elections and we can KICK all their BUTTS out of OFFICE.