David breaks down the latest developments in the fiscal cliff negotiations and why he thinks we may be closer to a deal than some might think. We'll have full analysis on Meet the Press this Sunday.
WEB ONLY: Inside the Fiscal Cliff Negotiations
Thu Dec 6, 2012 5:55 PM EST










Glad to hear from you David. Election do have consequences...Remember the grand bargain...this time , it will be the grand finale...
David, I lived in Pa. much of my early life. Dan Flood, Hugh Scott -old school. Was in Dick Schweiker's driveway the night before he resigned. Worked with the last Sen. John Heinz and would have been by his side if he had become President. He asked," Bob, tell me how they are getting that $974 Million that is missing from Social Security out of the Trust Fund?" "John, they don't put it in when the IRS gets it from the employer's banks with the 941 Forms. I'ts used at the bank to pay gov't debts like cashed in T-Bills and "slush funds" for gov't agencies.
Rick Santorum is the "new breed" of politician like Romney. He is an "Arlan Spector imposter". He got away with his "college look like Clinton" for a while, but you saw some flaws at the debates. "The big potatoes rise to the top of the wagon, on a bumpy road in the wagon, into town." He did not rise and never will. He's another Paul Ryan.
Someone murdered Sen. Heinz by messing with the nose landing gear on the plane he left Williamport on. I was waiting in Phila. a the airport for him to hand over some recent findings on Social Security and he never arrived. I have a manuscript called, "The death of Sen. John Heinz" that I am still writing thru the John Kerry involvement in "no follow up investigation of the crash." Plus the landing gear was taken by the FBI and the FAA Report is Top Secret and not available thru FOIA.
I live full time in a 40' RV and travel the US, stopping at Court Cases in the news. OJ Case, John DuPont Case in Media, John @%$& case where I met William [Bill]Kunstler and Ron Kuby, and worked on cases with Bill until he died. Kuby and I did not get along.
The fiscal cliff is interesting, but The Illuminati and how they have been operating lately is much more interesting. They have a headquarters in Vegas right near Home Land Security. [34,000 employee Monster]. Get the book, Top Secret America by two [2] investigative reporters from the Washington Post. I can't believe it ever went to press. It is one of my tools in my toolbox.
I'd love to get a pass to talk with Rick Santorum. [computer only] [not face 2 face]. He's being watched too. Ask Jessee Ventura about the letter before his show was cancelled. He's coming back on TV I heard, but haven't been able to get in touch with him. Tried several times, but my computer is followed. I stop in a Senior Center, town library, or campus library or student lounge and use theirs quite ofter. Voted for Obama and did field work" for him since he ran the first time. Get in touch-I've bothered your show website many times but never got any feedback
Bob King, Founder & Editor of Senior Watch Penn State University 1961
Obama’s post-election pivot to austerity and war
12 November 2012
By Joseph Kishore
With the US elections out of the way, the American ruling class is moving with remarkable speed to implement a deeply unpopular agenda centered on trillions of dollars in cuts to health care and other social programs.
The first order of business, to be at least partially implemented even before the newly elected Congress takes office in January, is the so-called “fiscal cliff.”
The language is chosen quite deliberately. The image of a “cliff”—first used by Federal Reserve Chairman Ben Bernanke in February 2012—is intended to create a sense of impending catastrophe. The fiscal cliff has become the latest mantra of the political and media establishment, complete with a continually updated countdown on CNN. The aim is to foster a crisis atmosphere to force through measures long desired by the ruling class that would otherwise be impossible to impose.
This “cliff” is an artificial creation. As a result of legislation agreed to by Congress and the Obama administration, the end of the year will bring with it the expiration of Bush tax cuts on all income brackets as well as the implementation of across-the-board cuts in military and domestic spending (excluding Social Security and Medicaid).
Other measures set to expire at the end of the year, particularly extended federal unemployment benefits, have gone unmentioned in the media. Both parties agree on the need to cut off meager assistance to the jobless.
The date of the “cliff” was quite deliberately set for after the elections to prevent the vote from becoming a referendum on the social cuts and give the White House and Congress, whichever party was in control, a free hand to impose their bipartisan austerity agenda.
Both Democrats and Republicans are hailing the prospects of an agreement that would focus on two goals: 1) Replacing the automatic spending cuts with cuts that target Medicare, Medicaid and Social Security, while averting cuts to the military; 2) Moving forward on a “pro-growth tax reform,” which would include a reduction in corporate and individual tax rates combined with the elimination or scaling back of deductions that benefit the working population.
During the election campaign, Obama made an issue of calling for an end to the Bush tax cuts for the wealthy—a move that would result in a relatively small increase in the tax rate for top earners. Exploiting the popularity of raising taxes on the rich, the administration is seeking to give itself a fig leaf of “equal sacrifice” as it gets down to the business of gutting social programs.
However, even the nominal increase in tax rates will likely not see the light of day. Top Obama strategist David Axelrod said on Sunday that he would not “pre-judge” negotiations. Praising comments from Republican Speaker of the House John Boehner, Axelrod declared, “[O]bviously there’s money to be gained by closing some of these loopholes and applying them to deficit reduction [rather than raising rates], so I think there are a lot of ways to skin this cat so long as everybody comes with a positive, constructive attitude toward the task.”
Whatever the details of the agreement that is ultimately reached, it will involve historic cuts to programs that benefit the working class while increasing the wealth of the financial and corporate elite.
On foreign policy, the administration is moving quickly to escalate Washington’s drive for regime-change in Syria while making new threats against Iran. In its first post-election foreign policy announcement, the administration slapped new sanctions on Iranian officials. A bipartisan bill is making its way through the Senate that would impose crippling sanctions on the entire Iranian economy, which has already been devastated by the actions of the US and its European allies.
I have a horrible feeling that this poster is correct. Why else does there appear to be a news blackout on this subject? I think the administration has instructed the media not to warn the population of what is about to hit them.
THe Iranian government doesn't care what happens to their people.
The president needs to cut the BS programs that only blow money and leave social security alone. He would like to think the people are asleep, but some of us are not. The media needs to make the polititions answer the questions that need to be asked, for instance, why would Congress vote on extending secret service protection for a president after 10 years, just another gemme payback for Clinton that nobody wants to talk about the cost to the bottum line. Votes in congress like this is why We are having a fiscal cliff, congress and Presidents office blowing money. Isn't time all of you woke-up? How much is blowned on secret service protection on our pres and family, look at the cost. We are strugling familys in america, but the white house blows monies on anything they want. It's sicking, wake -up, David please ask the questions..
Why don't all those rich people that voted for Obama, match the 7+ million dollars that have been donated toward the deficit? Wouldn't that bring the debt down? I also don't believe that only 2% of the nation make over 250 thousand dollars! Thats my story and i'm sticking to it!
Why don't all those rich people that voted for Obama dig into their deep pockets and match the 7+ million dollars that us poor and middle class people have donated to? I'm sure that would help with the deficit. I also don't believe that only 2% of the nation make 250 thousand or more!!!!!!!!!!!!!!!!!!!!!!!!