Posted on 07/30/2011 9:31:20 PM PDT by Para-Ord.45
ABC has word that the deal is still tentative, but here is the outline:
Debt ceiling increase of up to $2.8 trillion Spending cuts of roughly $1 trillion Instead of Harry Reid’s bogus war savings, a commission will be appointed to recommend cuts totaling $1.8 trillion, thereby equaling the amount of the debt ceiling increase. That’s certainly an improvement over the Reid plan if the other cuts actually happen. I have my doubts whether the Democrats will follow through or simply use what they’ve already agreed to to demagogue the issue some more.
So the bottom line is that both sides avoided their non-negotiables. No tax increases which the House GOP refused to consider and the debt limit is raised enough to take this off the table next year, which the President demanded. Our credit rating will still get downgraded somewhat but the chance of default, which was never much of a chance, goes to zero.
The real downside is that the pressure is now off the President for the rest of his term and we didn’t make any real progress in addressing entitlements. None. We’re still living in the left’s Michael Moore fantasy world where trillions in unfunded liabilities aren’t really a problem. Maybe it really is going to take a major downgrade for these people to catch a clue.
I realize some people on the right are going to be angry that we didn’t get more, specifically on entitlements. Frankly, I’m angry about it too, but I don’t see how it was ever realistic to expect we could do better than this with control of 1/2 of one branch of government. Blaming Boehner for being unable to overcome the Senate and the President (and the media) accomplishes nothing.
Let me be blunt. None of the people complaining could have done better. They may want to pretend they could, but they’re dreaming. It’s sort of like the folks who sit in armchairs watching the Super Bowl and suggest they could have beat the Steeler’s defensive line if they’d been put in as QB on 4th down. Yeah, sure you could, tubby. Now pass the chips.
Cloward and Piven ride again..
///
great post.
but most of us, watch the gun runner stuff too.
it’s the MSM that wouldn’t cover it,
even without this debt circus.
and i agree, it’s vital. worse than Watergate or Iran-contra.
but, locking in a 2.8 trillion ceiling increase, and a 9 trillion increase in National debt, is important also.
(people don’t understand. they think Obama is incompetent.
but he’s doing EXACTLY what he intends.
Cloward-Piven.
getting as many people on social programs as possible,
to overload and collapse the system.
Obamacare (especially single payer in 2014), Food Stamps,
unemployment (increased to 99 weeks), illegals get MULTIPLE benefits with multiple ID’s, etc.
http://www.freerepublic.com/focus/f-bloggers/2756319/posts
The Cloward-Piven Strategy, Saul Alinsky, and Their Influence on Obama
It's a tax increase on our children and grandchildren.....but hey, we'll be dead then anyway...so let's live it up!!!!
Sure, and it doesn't matter who negotiates a treaty: Neville Chamberlain, Churchill, or a monkey in a costume. The result will always be exactly the same.
“Lord, make the enemies in my own tent smarter.”
Agreed, we need to start preaching & teaching as the saying goes
LOL, so the “REAL” truth comes from some blog which few if any people have ever heard of before?
And we should believe them why?
IF they raise the debt ceiling 2.8T, they need to find 2.8T in savings PLUS the interest expense of the new 2.8T in Treasury and Agency interest payments, just for taxpayers to break even.
So the entire exercise is bogus from the start.
They have pissed in our faces and shit in our food, and they call it progress.
Obama was spending beyond the government’s means before this impasse and he’ll spend beyond the government’s means after the impasse. The August 3rd deadline is nothing but a footnote to this guy.
We were screwed the day this guy was elected. Some people just haven’t realized it yet.
Exactly.
And his sting-puller, Soros, who has been plotting tirelessly for 30+ years to bankrupt America -
"...Obama at a fundraiser at the New York residence of Steven and Judy Gluckstern in April 2007—and sitting next to him, in the blue shirt, is none other than George Soros..." (from Little Green Footballs)
This photo, in 2007, should have told everyone everything they needed to know about the candidate.
Yhea....these (Washington D.C. Establishment) LIFERS....
They (all) really ought to be retired @ the next election.
along w/ all the Marxists and the Quisling Press.
We won’t be able to tell the truth from the fantasy until it becomes public. We have been hearing about 20 theories of what’s going on over the last month and none has materialized yet. If this version is what actually happens, there will be another big shakeup in the composition of the House.
We won’t be able to tell the truth from the fantasy until it becomes public. We have been hearing about 20 theories of what’s going on over the last month and none has materialized yet. If this version is what actually happens, there will be another big shakeup in the composition of the House.
All Hail, the Anointed One.....the Fuhrer
You wanted "Change 1838 = 2009....You got it"
Coming to a locale near you...
.......
Clearly, the Democrats have signaled that they are willing to go to the mat to preserve spending. This means we either defeat them in 2012 or the country is done for. We will need A LOT of votes in the Senate, possibly 60, which we could get amazing as that sounds if things fall into place. A big pick-up in the Senate, and some improvements in the caucus (Arizona, Texas and Utah and possibly elsewhere), means we will be able to balance the budget and revive the economy.
Party like it is 2011!
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