Full Text Political Headlines December 22, 2012: GOP Weekly Address: Speaker John Boehner on Averting the Fiscal Cliff

POLITICAL HEADLINES

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OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

Weekly Republican Address: Speaker Boehner on Averting the Fiscal Cliff

Source: Speaker.gov, 12-21-12

Posted by Speaker Boehner Press Office
December 21, 2012
Press Release

Delivering the Weekly Republican Address, House Speaker John Boehner (R-OH) notes that the House has acted to avert the entire fiscal cliff, and President Obama and his Democratic-controlled Senate now must do the same.  “We will continue to work with our colleagues in the Congress and the White House on a plan that protects families and small businesses,” Boehner says, before wishing all Americans a Merry Christmas.

NOTE: The Weekly Republican Address: The audio is available here, and video of the address will be available here to view and here to download.   A full transcript follows.

Download Audio | YouTube | Download Video

“As you know, unless President Obama and Congress take action, tax rates will go up on every American on January 1st.

“The day after that, a mandatory ‘sequester’ will go into effect that will implement harmful cuts to our national defense.  That is currently the law of the land.

“The House has done its part to avert this entire fiscal cliff.  On the 10th of May and again on Thursday, we passed legislation that would replace the ‘sequester’ with responsible spending cuts.  We also passed a bill to stop all of the January 1 tax hikes.  The events of the past week make it clearer than ever that these measures reflect the will of the House.

“The American people re-elected President Obama on Election Day.  They also re-elected a Republican majority in the House.  In doing so, they gave us all a mandate.  It was not a mandate to raise tax rates on families and small businesses.  It was a mandate for us to work together to begin solving the massive debt that threatens our country’s future.

“Unfortunately, the president and Senate Democrats have vowed to reject and veto all of our proposals while failing to offer a responsible solution of their own.

“What the president has offered so far simply won’t do anything to solve our spending problem and begin to address our nation’s crippling debt.  Instead, he wants more spending and more tax hikes that will hurt our economy.  And he refuses to challenge the members of his party to deal honestly with entitlement reform and the big issues facing our nation.  That is why we find ourselves here today.

“I’ve challenged the members of our party to grapple with these issues, to make tough choices.  And we’re willing to – because Washington has a serious spending problem.  This was the year the size of our debt – all 16 trillion dollars of it – surpassed the size of our entire economy.  It’s a grim milestone, one of many we’ll have to bear if we don’t come to grips with it.

“The president’s solution of raising tax rates would still leave red ink as far as the eye can see.  And it would hurt jobs, at a time when far too many of our citizens are struggling to find them.

“I used to run a small business.  I’ve seen the damage higher taxes can do to jobs and families.  I don’t want tax rates to go up.  Republicans don’t want tax rates to go up.  The best way to address our crippling debt is to make significant spending cuts and fix our tax code to pave the way for long-term growth and opportunity.  This is an approach most Americans support, and it remains Republicans’ highest priority.   But we only run the House.  Democrats run Washington.

“Of course, hope springs eternal, and I know we have it in us to come together and do the right thing.  We will continue to work with our colleagues in the Congress and the White House on a plan that protects families and small businesses.

“For now, I wish all the American people a blessed and merry Christmas.”

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Political Headlines December 22, 2012: GOP Weekly Address: House Speaker Boehner on Working to Avoid Fiscal Cliff

POLITICAL HEADLINES

https://historymusings.files.wordpress.com/2012/06/pol_headlines.jpg?w=600

OBAMA PRESIDENCY & THE 112TH CONGRESS:

THE HEADLINES….

GOP Weekly Address: House Speaker Boehner on Working to Avoid Fiscal Cliff

Source: ABC News Radio, 12-22-12

Alex Wong/Getty Images

House Speaker Boehner, having removed the proposed “Plan B” as an option in fiscal cliff talks, delivered this week’s Republican address about the will of the House to avert the fiscal deadline.

Boehner, R- Ohio, noted that Americans re-elected President Obama and a Republican House majority as mandate “for us to work together to begin solving the massive debt that threatens our country’s future.”

“Unfortunately,” the Speaker says, “the president and Senate Democrats have vowed to reject and veto all of our proposals while failing to offer a responsible solution of their own.”…READ MORE

Campaign Buzz June 7, 2012: Bill Clinton Differs with Obama on Bush-Era Tax Cuts Extension then After Backlash Backtracks Position & Apologizes

CAMPAIGN 2012

CAMPAIGN BUZZ 2012

THE HEADLINES….

IN FOCUS: BILL CLINTON DIFFERS WITH OBAMA ON BUSH-ERA TAX CUTS EXTENSION THEN AFTER BACKLASH BACKTRACKS POSITION

MARIA BARTIROMO: So what about this upcoming fiscal cliff? Because a lot of people are worried and the markets certainly have been reacting to the– to the idea that these Bush tax cuts will expire at year end along with the spending programs that will expire. Should those programs and those tax cuts be extended?

PRES. BILL CLINTON: What I think they should do is find a way to keep the expansion going. And I think the– as weak as it is here, you know, unemployment in the euro zone I think is 11%. And– Germany’s doing well but the– and a lot of the smaller countries are doing extremely well, many of which are not in the euro.
But they’re trying to figure out a way to promote growth. And what I think we need to do is to– find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now, and then deal with what’s necessary in the long-term debt reduction plan as soon as they can, which presumably will be after the election.

MARIA BARTIROMO: So does that mean extending the tax cuts?

PRES. BILL CLINTON: Well, I think what it means is they will have extend– they will probably have to put everything off until early next year. That’s probably the best thing to do right now. But the Republicans don’t want to do that unless he agrees to extend the tax cuts permanently, including for upper income people.
And I don’t think the president should do that. That’s going to– that’s what they’re fighting about. I don’t have any problem with extending all of it now, including the current spending level. They’re still pretty low, the government spending levels. But I think they look high because there’s a recession. So the taxes look lower than they really would be if we had two and a half, 3% growth. And the spending is higher than it would be if we had two and a half, 3% growth because there are so many people getting food stamps, so many people getting unemployment, so many people are Medicaid.
But– the real issue is not whether they should be extended for another few months. The real issue is whether the price the Republican House will put on that extension is the permanent extension of the tax cuts, which I think is an error.

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