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Republicans May Take ‘Mini’ Debt-Ceiling Deal
Fox Nation ^ | July 3, 2011 | Angela Greiling Keane

Posted on 07/04/2011 12:47:04 PM PDT by yoe

Republicans would accept a "mini" deal with the Obama administration on raising the debt limit, Senator John Cornyn of Texas, a Republican leader, said.

Cornyn said today on "Fox News Sunday" that while Republicans would prefer a long-term settlement, they would accept a shorter-term agreement if that's all they could get done. The U.S. Treasury Department has projected that on Aug. 2 the U.S. will no longer be able to meet obligations if the legal debt ceiling isn't raised

(Excerpt) Read more at nation.foxnews.com ...


TOPICS: Breaking News; Business/Economy; Constitution/Conservatism
KEYWORDS: bipartisan; cornyn; dayoldnews; debitlimit; debtceiling; default; economy; minideal; notbreakingnews; shtf
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To: Lexinom

>> “The point is to encourage people to get up off their duffs and quit expecting free rides whether they come in the form of a government handout or through dividends.” <<

.
You’re lost in the woods.

Investment income is not a “free ride.”

If you increase taxes (which are already too high) on investment, the economy will go into a steeper nosedive.


81 posted on 07/04/2011 5:29:52 PM PDT by editor-surveyor (Going 'EGYPT' - 2012!)
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To: GeronL
I don't want to put more in. I'm with you on spending.

Just want to pay off what we owe. The money, per my proposal, must go directly to retiring the debt.

82 posted on 07/04/2011 5:37:04 PM PDT by Lexinom
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To: Lexinom

It won’t.


83 posted on 07/04/2011 5:37:55 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: editor-surveyor
I'm just proposing a one-time tax, not a rate increase, to cut into this debt. If we don't do something like this, the interest payments will kill us.

Work versus passive income is a separate discussion. We do need to innovate more, however, and quit looking for free lunches either in the form of government handouts or so-called risk taking. The Chinese aren't going to slow dow...

84 posted on 07/04/2011 5:40:07 PM PDT by Lexinom
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To: GeronL

Then it can’t work. It has to.


85 posted on 07/04/2011 5:40:44 PM PDT by Lexinom
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To: yoe
"Default" means we quit paying interest on the debt, and refuse to pay bondholders when the bonds come due. There is enough money coming in from taxes to do both. There is no need to default. What is needed is to cut other expenditures and give priority to paying interest and bondholders. Helluva priority, I agree, but that's what needs to be done.

Then we need to CUT expenditures, so we can quit borrowing.

86 posted on 07/04/2011 5:42:47 PM PDT by JoeFromSidney (New book: RESISTANCE TO TYRANNY. A primer on armed revolt. Available form Amazon.)
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To: arthurus

Now that’s the truth.


87 posted on 07/04/2011 5:43:51 PM PDT by cashless (Unlike Obama and his supporters, I'd rather be a TEA BAGGER thaln a TEA BAGGEE.)
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To: yoe

Only fund what is allowed for in the constitution, but also have a strong military. Essentially, run the government like it was 1800.


88 posted on 07/04/2011 5:52:54 PM PDT by SteelToe
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To: soycd

They are not idiots, they know exactly what they are doing, they may not know who they are doing it for however.


89 posted on 07/04/2011 6:06:22 PM PDT by itsahoot (Fair warning--I will vote for Palin, if I have to write her in. --He that hath an ear, let him hear.)
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To: freekitty

Hey, he is a conservative from Texas, you know, like Perry.


90 posted on 07/04/2011 6:13:35 PM PDT by itsahoot (Fair warning--I will vote for Palin, if I have to write her in. --He that hath an ear, let him hear.)
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To: RockinRight

You have the correct answer Delaying the vote until its closer to election is not a bad strategy


91 posted on 07/04/2011 6:14:02 PM PDT by woofie
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To: GeronL
I agree. More than half in my estimation. As I posted on another thread earlier, we should fund the military (including veterans and their needs), we should pay the salaries of a greatly reduced Federal employee workforce, we should pay the RENT on the equipment, buildings and vehicles of the Federal government (the gov’t has no business owning any building or land in this day and time), pay the utilities, and fully fund Social Security, Medicare and Medicaid but means test every program offered. Eliminate the cap on salaries for Social Security. Stopping collecting Social Security at “x” amount was the stupidest idea ever. Institute a flat tax or fair tax with deductions for only primary home mortgage and a maximum 10% charitable contribution limit on that deduction.

Eliminate every subsidy, every grant, every tax break and tax loophole. Call in every loan as due within 90 days. The very last and just as important thing is to limit total campaign contributions to any candidate by ANY ENTITY, including the candidate themselves to $100. An entity is anything or anybody you can conceive of. Kill the special interest industry!!

92 posted on 07/04/2011 6:26:48 PM PDT by cashless (Unlike Obama and his supporters, I'd rather be a TEA BAGGER thaln a TEA BAGGEE.)
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To: cashless

I agree with almost all of that.

Make government live on a very small budget.


93 posted on 07/04/2011 6:41:13 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: hocndoc

B$, even Reagan fell for that one. How complicated would it be to just freeze current expenses, you know, sort of like when you don’t get a raise for two years.

They have absolutely no intention of stopping the stealing, and that is exactly what it is. The sooner we realize that the political class have anointed themselves to positions of power and wealth at our expense, the sooner we can work on a solution.

Or we can continue to elect amoril people spoken of in the first chapter of Romans, and then we can be turned over to an reprobate mind, to believe a lie and be damned. It is in fact a choice, we all have to make.


94 posted on 07/04/2011 6:55:42 PM PDT by itsahoot (Fair warning--I will vote for Palin, if I have to write her in. --He that hath an ear, let him hear.)
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To: sam_paine

The enemy’s perspective is well known, to any but the very foolish.

What comes next seems to be a mystery to most in any case. We foolishly, hope for a good king I suppose, because we have failed to become what God has asked of each of us.


95 posted on 07/04/2011 7:08:35 PM PDT by itsahoot (Fair warning--I will vote for Palin, if I have to write her in. --He that hath an ear, let him hear.)
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To: Vaquero
Can do!

Great post/pic Vaquero!

BSLarge2
When Republicans Say Bipartisanship, They Mean Surrender
Senate Minority Leader Mitch McConnell says ''the best advise I can give you John is to ignore any symptoms and also ignore the concerns from taxpayers that will arise after taking your blue pill medication. Your friendly, progressive DNC is the medication expert and is there to help you... steer for the cliff!'' /sarc

96 posted on 07/04/2011 7:26:14 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: All


Help With The Conservative Battle
On The Road To 2012
For One Time (Or Better Yet)
Monthly Donations To FR
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97 posted on 07/04/2011 7:28:08 PM PDT by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: frogjerk
It's definitely looks like a trial balloon. Bill Clinton mentioned "mini deal" in Aspen yesterday.

Obama wants it raised enough that it won't come up again before his reelection so he's not likely to be keen on a "mini deal" that keeps the issue alive only to be revisited again soon.

Iran actually had something sensible to say. They claimed we're not really "independent" because of our dependency on foreign-owned debt.

98 posted on 07/04/2011 7:53:20 PM PDT by newzjunkey
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To: GeronL
The bureaucrats and politicians created the debt

On voter's behalf.

99 posted on 07/04/2011 8:11:35 PM PDT by newzjunkey
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To: newzjunkey
Iran actually had something sensible to say. They claimed we're not really "independent" because of our dependency on foreign-owned debt.

They're correct on that point. We need to pay it off or at least down by a large chunk - and it will hurt short-term! But it must be done, and we must all be prepared for it to affect us personally.

Then... throw the free-spending bums out!

100 posted on 07/04/2011 8:12:55 PM PDT by Lexinom
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