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Obama, Congress reach a debt deal
Associated Press ^ | July 31, 2011 | DAVID ESPO

Posted on 07/31/2011 5:58:37 PM PDT by Free ThinkerNY

WASHINGTON (AP) -- Racing the clock to avoid a government default, President Barack Obama and Republican congressional leaders reached historic agreement Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts.

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Breaking News; News/Current Events
KEYWORDS: 0bamarigged; 112th; bho44; boehner; debt; fedzilla; gop4obama; gopsellouts; mcconnell; obamarigged
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1 posted on 07/31/2011 5:58:39 PM PDT by Free ThinkerNY
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To: Free ThinkerNY

Oh, so now it’s OBAMA’s deal? Where’s he been for the last week?


2 posted on 07/31/2011 5:59:41 PM PDT by hsalaw
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To: Free ThinkerNY
$2 trillion in long-term spending cuts.

WTF?

3 posted on 07/31/2011 6:00:28 PM PDT by IllumiNaughtyByNature ($1.84 - The price of a gallon of gas on Jan. 20th, 2009.)
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To: hsalaw
Oh, so now it’s OBAMA’s deal? Where’s he been for the last week?

Maybe he's been the puppeteer pulling Reid's strings. OTOH, maybe he's just been golfing.

4 posted on 07/31/2011 6:00:58 PM PDT by Pearls Before Swine
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To: hsalaw

And it’s Europe’s war in Libya until there’s a victory. Then it’s Obama’s.


5 posted on 07/31/2011 6:01:25 PM PDT by tsowellfan ( Obamanomic Wreckovery - How's That Change Working For Ya?)
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To: Free ThinkerNY

We’ve been sold out just as I knew we’d be.


6 posted on 07/31/2011 6:02:39 PM PDT by buccaneer81 (ECOMCON)
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Comment #7 Removed by Moderator

To: Free ThinkerNY
This can't be true, can it? Even the congressional Dems are questioning OBummer’s leadership. If McConnell and Boehner fold, they have just destroyed not only their careers, but also their own party.
8 posted on 07/31/2011 6:03:51 PM PDT by Carling (At some point, those surrounding Obama have to realize that they are working for a psychopath)
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To: Free ThinkerNY

9 posted on 07/31/2011 6:04:30 PM PDT by Errant
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To: IllumiNaughtyByNature
$2 trillion in long-term spending cuts.

Nope. ONE trillion. By a "committee" that doesn't even exist.

We got screwed.

10 posted on 07/31/2011 6:05:06 PM PDT by buccaneer81 (ECOMCON)
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To: IllumiNaughtyByNature

“$2 trillion in long-term spending cuts.”

Spend now, let the grandkids pay later.

Anything to get past the next election.

Real statesmanship, huh?


11 posted on 07/31/2011 6:05:06 PM PDT by SharpRightTurn (White, black, and red all over--America's affirmative action, metrosexual president.)
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To: Free ThinkerNY

LONG-term??? Forgotten next week, if not sooner.


12 posted on 07/31/2011 6:05:14 PM PDT by madprof98 ("moritur et ridet" - salvianus)
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To: IllumiNaughtyByNature

AND he is on his balanced more taxes BS! Watch out Pubies, Its a trick!


13 posted on 07/31/2011 6:05:36 PM PDT by Bobby_Taxpayer (Don't tread on us...or you'll pay the price in the next election.)
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To: occamrzr06

the cuts are to the Pentagon and Medicare


14 posted on 07/31/2011 6:05:51 PM PDT by paul revere is riding (I'm really a Paula.....Go Cain)
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To: occamrzr06
yes, because no congress has to abide by a previous congress’ budgets. EPIC FAIL unless Boehner can pull something out of his ass other than the DEM dildo they've been assaulting him with.
15 posted on 07/31/2011 6:07:21 PM PDT by IllumiNaughtyByNature ($1.84 - The price of a gallon of gas on Jan. 20th, 2009.)
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To: Free ThinkerNY

More treason.


16 posted on 07/31/2011 6:07:29 PM PDT by Psycho_Bunny (Public employee unions are the barbarian hordes of our time.)
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To: occamrzr06
yes, because no congress has to abide by a previous congress’ budgets. EPIC FAIL unless Boehner can pull something out of his ass other than the DEM dildo they've been assaulting him with.
17 posted on 07/31/2011 6:07:29 PM PDT by IllumiNaughtyByNature ($1.84 - The price of a gallon of gas on Jan. 20th, 2009.)
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To: Free ThinkerNY

as soon as barry the zero said the magic term “their fair share” I knew the Republicans had caved.


18 posted on 07/31/2011 6:07:39 PM PDT by freedumb2003 (Herman Cain 2012)
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To: Free ThinkerNY

I ALMOST turned the tv on, but not that anxious to see POTUS taking credit for what he didn’t do .. AGAIN. Will follow FR for what’s really going on.


19 posted on 07/31/2011 6:07:50 PM PDT by EDINVA
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To: hsalaw
Practicing posing.
20 posted on 07/31/2011 6:08:39 PM PDT by Dem Guard (Obama's 57 States = The Organization of The Islamic Conference (OIC).)
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To: Free ThinkerNY

Not so fast. I want tehe tea party freshemen in the house to
read tghis peice of offel before anyone toutes a deal.

There is NO DEAL until it passes the House.Obama is an idiot. Boehner has proven he is not much better.We now know where our conservative loyalties should lie.


21 posted on 07/31/2011 6:08:57 PM PDT by Candor7 (Obama fascist info..http://www.americanthinker.com/2009/05/barack_obama_the_quintessentia_1.html)
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To: paul revere is riding

Rush warned and predicted the Republicans would be sucked in and the entire charade would become the “Obama” deal.


22 posted on 07/31/2011 6:08:57 PM PDT by rjsclassics (bringing people together)
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To: Free ThinkerNY

msnbc-$1 trillion
cnn-$3 trillion

And cnn saying military could not be paid on Aug 15 if this deal isn’t approved.

So now boner has to get in bed with nancy. I’ll be she’ll make him cry.


23 posted on 07/31/2011 6:10:13 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: Free ThinkerNY

This is suicide - only the slow painful version.


24 posted on 07/31/2011 6:10:15 PM PDT by TomServo
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To: Free ThinkerNY

Obama didn’t do squat. He’s trying to save face.


25 posted on 07/31/2011 6:12:23 PM PDT by popdonnelly (The Liberal Era is over.)
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To: Free ThinkerNY

The big lie in this whole drama has been the spectre of “government default.”

Zero himself told the big money banks that there was no chance of a default.

As usual, the Pubs lost control of the narrative—Hell, their “leaders” kept invoking the term to bludgeon their own caucus into line.


26 posted on 07/31/2011 6:12:49 PM PDT by Arm_Bears (I'll have what the gentleman on the floor is drinking.)
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To: paul revere is riding
the cuts are to the Pentagon and Medicare

Anybody who votes for these cuts BEFORE welfare benefits are cut will be targeted.

27 posted on 07/31/2011 6:13:20 PM PDT by ladyjane
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To: Free ThinkerNY

Government spending will continue unabated, out of control.

Since government spending is considered to be part of the GDP, the latest spending spree will serve to pump up the already phony GDP numbers, to keep the so-called “recovery” alive until the next election.

FUBO, and every one of your posse of Rats’n’RINOs.


28 posted on 07/31/2011 6:14:06 PM PDT by Fresh Wind ('People have got to know whether or not their President is a crook.' Richard M. Nixon)
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To: Free ThinkerNY

This is hilarious! Obama throws Dingy Harry under the bus to salvage some sort of relevance.

I shudder to think what any of this would look like if we hadn’t busted our asses during the 2010 elections.

Saddle up! We got work to do.


29 posted on 07/31/2011 6:14:38 PM PDT by REDWOOD99 ("Earth first! We can log the other planets later")
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To: Free ThinkerNY

It won’t pass in the house when they vote on it tomorrow. This is AP...


30 posted on 07/31/2011 6:14:46 PM PDT by Mogollon (Resistance to tyrants is obedience to God. -- Thomas Jefferson)
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To: IllumiNaughtyByNature

Where’s the other $2 Trillion? And what’s on the front end????


31 posted on 07/31/2011 6:15:09 PM PDT by cookcounty (Nullius in Verba. "Take no man's word for it.")
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To: Free ThinkerNY

Speaker Cave-In, “we got 98% of what we wanted.” Wrong, Boner, we got shafted by the republicans again.

This is line by line B.S.


32 posted on 07/31/2011 6:15:29 PM PDT by Founding Father (The Pedophile moHAMmudd (PBUH---Pigblood be upon him))
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To: Errant

http://www.LivingInThePhilippines.com


33 posted on 07/31/2011 6:15:29 PM PDT by 2ndDivisionVet (I'll raise $2million for Gov. Sarah Palin. What'll you do?)
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To: Free ThinkerNY

What are the details? Long term cuts means, nothing.


34 posted on 07/31/2011 6:15:37 PM PDT by redgolum ("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
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To: Fresh Wind

Ok, great. Gives us more time to prep, purchase food, ammo, guns, etc.


35 posted on 07/31/2011 6:15:43 PM PDT by LibsRJerks
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To: Free ThinkerNY

to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts.

Borrowing generally implies an intention for paying it back someday.


36 posted on 07/31/2011 6:16:00 PM PDT by Huskrrrr
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To: ladyjane

If I’m hearing him right, Huckabee is saying that pubs got 98% of what they wanted!?!?! He thinks this is the balanced budget to be signed.

Me? I say it has not even been voted through yet..Bama is counting his chickens before they are hatched. I’d love to see him get embarrassed for announcing something he says is done, but in reality..it hasn’t even been passed yet.

We’re going to get downgraded anyway..why sign this puke bill on top of it?


37 posted on 07/31/2011 6:17:24 PM PDT by stillafreemind
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To: Fresh Wind

Is “RINO” a legitimate term anymore? Seems like they outnumber conservatives in Congress time and time again, even when we try to correct this via the Primary process.

I don’t even know if a third party would work. If it failed, all conservative representation could be lost. If it succeeded, you’d have *RINOS* from the GOP jumping ship to cash in on the success.

We’re screwed. Until we get people we can trust in leadership positions, we’re just flat out screwed.


38 posted on 07/31/2011 6:17:44 PM PDT by parksstp (Articulate Conservatives look for Converts. RINO's look for Democrat Heretics.)
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To: IllumiNaughtyByNature
well K street demands the cash to keep flowing so Bonehead and Mitchy followed their orders and kept the money flowing to their real bosses on K street.
We were screwed as usual and one week from now we will find out what a disaster the deal was !

We need to drive the K street puppets Bonehead and Mitch from office ! >

39 posted on 07/31/2011 6:17:50 PM PDT by ncalburt (NO MORE WIMPS need to apply to fight the Soros Funded Puppet !)
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To: Free ThinkerNY
Our Children and Grandchildren are screwed.
40 posted on 07/31/2011 6:18:10 PM PDT by usconservative (When The Ballot Box No Longer Counts, The Ammunition Box Does. (What's In Your Ammo Box?))
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To: LibsRJerks

Ok, great. Gives us more time to prep, purchase food, ammo, guns, etc.


Silver and gold are down about 1% on the news (unimpressive) in the overseas markets. Silver is a better buying opportunity IMHO.


41 posted on 07/31/2011 6:18:15 PM PDT by Atlas Sneezed (Government borrowing is Taxation without Representation)
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To: Free ThinkerNY

aren’t we lucky?
/s


42 posted on 07/31/2011 6:18:38 PM PDT by ken21 (ruling class dem + rino progressives -- destroying america for 150 years.)
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To: Free ThinkerNY

This is a good deal for Republicans, the best that was possible in the real world. If we want deeper cuts then we need to elect enough conservatives that they control the White House and both houses of Congress. Anyone who thought otherwise either hasn’t read the constitution or lives in a fantasy world.


43 posted on 07/31/2011 6:18:41 PM PDT by Siegfried X
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To: Free ThinkerNY

I will wait to hear the details before I start complaining about this “compromise.”

Whatever we get, just think about how much worse it would be without our activism and votes. Without us, they would have raised the debt ceiling, increased spending, and raised taxes. We made a difference, though probably not enough of one. We have 2012 to look forward to and work hard on.


44 posted on 07/31/2011 6:18:48 PM PDT by MichaelNewton
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To: Free ThinkerNY

Let’s see. We fought the Revolutionary War to be a Free Republic and not ruled by the King of England. We won that war. Now, we suddenly have a king named Hussein who with the stroke of a pin wiped out our Free Republic without a shot being fired. This doesn’t sound good.


45 posted on 07/31/2011 6:18:48 PM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: stillafreemind
If Huck is happy then it was a real sell out !
46 posted on 07/31/2011 6:19:00 PM PDT by ncalburt (NO MORE WIMPS need to apply to fight the Soros Funded Puppet !)
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To: Free ThinkerNY
I'm shocked. just shocked... go figure a deal at 840 pm on sunday. seen this movie before. buy buy buy... http://www.reverbnation.com/harrismoore
47 posted on 07/31/2011 6:19:09 PM PDT by Hillary's Folly (Imagine there's no Hillary. It's easy if you try.)
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To: ladyjane
What all this means is that we will Default.
If they are increasing the Debt ceiling they will spend it.
Interest Expense on the Debt exponentially expands, as higher interest rates finally come the money to pay the interest on the debt outstrips everything else.
Default is coming, no way out of the box now.
48 posted on 07/31/2011 6:19:45 PM PDT by Captain Peter Blood
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To: Free ThinkerNY

Is KY-jelly involved?


49 posted on 07/31/2011 6:21:14 PM PDT by Redcloak (What's your zombie plan?)
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To: Free ThinkerNY
Waiting to see if maybe zer0 has been setup. zer0 isn't the brightest bulb in the room ... just because zer0 thinks he is the brightest bulb .... does not make it so.
50 posted on 07/31/2011 6:22:09 PM PDT by no-to-illegals (Please God, Protect and Bless Our Men and Women in Uniform with Victory. Amen.)
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