The payroll tax cut, which didn’t really cut any taxes, (It only defunded Social Security) was amended by the Senate to make it effective for only 2 months, and then passed on to Obama. Obama returned it to John Boehner, who was supposed to see that this bill received whatever it needed to turn it into law.
The Senate, not wanting to be present when the dung hit the Westinghouse, promptly left town. This left resolution of this matter up to John Boehner and the president. John Boehner called up the president and told him he would not slaughter a whole herd of sacred cows for a two month extension.
Of course the president informed John Boehner that he was putting the fragile economic recovery in jeopardy and depriving millions of middleclass Americans of dinner and a movie twice a month. That is what this vital tax cut boils down to, dinner and a movie twice a month. You are going to have to forgo the popcorn, and eat big macs, but it’s yours.
The mightiest economic power on earth stymied over dinner and a movie. The Europeans are eying the precipice as the European Union’s ship of state approaches the place where the sea serpents lie in wait. Israel is watching Iran to see if their country may get nuked in the middle of the night, or if North Korea’s new ruler will fire up its nuclear program for a test run.
The Egyptians are beginning to fear that they have handed over their country to a military dictatorship, while Syrians brace for another assault by the military forces of their own government.
Against this terrifying backdrop our own government wrestles with dinner and a movie. The president and the mainstream media struggle to make the payroll tax cut appear as serious as possible. There are some serious aspects of it:
1. The amount you will save on your taxes is insignificant unless you get it in a lump sum.
2. The effort involved could have been spent on something useful like jobs.
3. The money you will get is coming from social security deductions, not national taxes; weakening social security.
4. All of this work and expense is designed to make our president and the democrats look better to the voters. A mud bath would have sufficed.
What’s John Boehner to do? The president and the senate democrats have left him precious little to work with. The Keystone pipeline bill is still in there, he could just tell the president if he will OK the pipeline bill and tell the EPA to stay out of the way he will sign accept the senate version of the tax cut.
That would make it possible for everyone to win something. The president would have the propaganda victory of the middle class tax cut to crow about out on the campaign Trail, John Boehner would have the satisfaction of passing a major piece of energy legislation, the union would get 20 thousand jobs, and we the people might get another 160 thousand jobs.
The USA would get a new energy supply that did not depend on the stability of Middle Eastern countries, and we would be spending our money with our best trading partner instead of China.
Perhaps I was cut out to be a negotiator; it doesn’t seem so complicated that an agreement can’t be reached.
Folks that’s it for this year; the Lord willing and the creek doesn’t rise, I’ll see you in Jan. 2012