Pelosi Sets ‘The Record Straight’ on Dem Budget Cuts, Entitlement Reform

Even as President Obama and GOP House Speaker John Boehner debate how to avoid the coming so-called fiscal cliff, and whether to raise taxes on the wealthiest Americans, Democrats already are on record with $1.6 trillion in proposed federal spending cuts and have enacted entitlement reform through the landmark 2010 healthcare reform law, according to House Democratic Leader Nancy Pelosi. “Where are the cuts? They’re in bills that you, Mr. Speaker, have voted for. Secondly, on the issue of the entitlement, with the Affordable Care Act and with legislation, and with suggestions, provisions in the President’s budget, it amounts to over $1 trillion in savings in Medicare, over $1 trillion in savings which have been redirected to prolonging the life … Continue reading

Drip, Drip, Drip … Two New Republicans Agree To Rate Hikes On Top 2%

Add GOP Sens. Bob Corker of Tennessee and Mike Johanns of Nebraska to the list of Republicans who finally are joining the bandwagon of public opinion of those who want to raise taxes on the wealthiest Americans as part of a deal to solve the coming so-called fiscal cliff. President Obama and most Democrats want to restore higher Clinton-era tax rates on the richest taxpayers as part of an overall tax-and-deficit deal which the president and Republican House Speaker John Boehner are trying to hammer out in the coming weeks. Corker appeared on that bastion of conservative media, Fox News, Sunday to state: “So, and a lot of people are putting forth a theory and I actually think it has … Continue reading

VIDEO: Dems Say ‘Put The Middle Class First’

Even as he continued to stir the pot over Republican presidential hopeful Mitt Romney’s taxes, the top Senate Democrat continued to fight for continued tax cuts for the middle class. Senate Majority Leader Harry Reid of Nevada joined several of his Senate Democratic colleagues to lambast GOP lawmakers for continuing to insist that middle-class taxes can be cut only if the wealthiest Americans continue to receive their tax breaks. WATCH THE VIDEO HERE:  

Romney’s The Richest Candidate Since Perot — And Why That Could Be A Problem

Mitt Romney’s the richest presidential candidate since billionaire Ross Perot 20 years ago, but that only tells part of the story of why the Republican’s personal wealth could be a huge liability if he becomes the GOP nominee, according to a new analysis of the former Massachusetts governor’s personal assets. Of his $230 million fortune, Romney holds $45 million in liquid assets, says the analysis by a firm called Wealth-X, which describes itself as a global intelligence, prospecting and wealth due diligence company. “Mitt Romney last year made nearly $21 million, or roughly 800 times more than the $26,400 paid to median wage earners in the United States,” says David Friedman, co-founder and president at Wealth-X. It’s that income inequality … Continue reading

Pollster: SOTU Provides ‘Powerful Framework For Having an Election’

President Obama’s State of the Union address Tuesday night should “help him a lot” in his fight for re-election this year, according to longtime Democratic pollster Stan Greenberg, citing results of a focus group of swing voters held during the speech. The themes the president laid out during his annual televised address to a joint session of Congress cut across party lines and provide a “powerful framework for having an election,” Greenberg says in a briefing with reporters held after the president’s speech. Reaction from 50 swing voters in Denver, Colo., show that Obama’s populist defense of the middle class and their priorities in his State of the Union scored with voters, according to Greenberg’s polling organizations, Democracy Corps and … Continue reading

In The Supercommittee Blame Game, Fingers Point To Just One Republican

The failure this week of the so-called congressional supercommittee to agree on a package to reduce the federal budget deficit comes down not only to Republican intransigence, but really to that of just one conservative in particular, a man referred to as the “13th member” of the committee. Specifically, many on both sides — including Sen. John Kerry of Massachusetts, a prominent member of the supercommittee — called out Grover Norquist, the extremely powerful anti-tax activist in Washington, for his role in keeping Republicans from agreeing to any new taxes. Norquist wields much of his power due to the anti-tax pledge signed by most Republicans in Congress, and his ability to enforce that oath by working to defeat any who … Continue reading