Walking away seems like the only reasonable response to Obama’s Fiscal Cliff proposal, other than to “laugh out loud”, as Mitch McConnell did.
Mitch McConnell, the Senate Republican leader, says he “burst into laughter” Thursday when Treasury Secretary Tim Geithner outlined the administration proposal for averting the fiscal cliff. He wasn’t trying to embarrass Geithner, McConnell says, only responding candidly to his one-sided plan, explicit on tax increases, vague on spending cuts…
Geithner suggested $1.6 trillion in tax increases, McConnell says, but showed “minimal or no interest” in spending cuts. When congressional leaders went to the White House three days after the election, Obama talked of possible curbs on the explosive growth of food stamps and Social Security disability payments. But since Geithner didn’t mention them, those reductions appear to be off the table now, McConnell says.
Charles Krauthammer, on Fox’s Special Report, tonight, called the offer “an insult.”
Democrats, he says, are asking Republicans for “unconditional surrender,” because there are no cuts – and spending increases – in the current deal. Republicans, says Krauthammer, “ought to simply walk away.”
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