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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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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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To: Free ThinkerNY

You don’t know how relieved I am that he was able to “git ‘er done” in time for his birthday bash. I expect my invitation any time now.


51 posted on 07/31/2011 6:22:25 PM PDT by ab01
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To: ncalburt

What about a bill being out for 72 hours so that it can be read? I think that the Republicans should take their time to read this thing through before voting on it one way or another. I still think the Aug 2nd deadline is a DEMOCRAT line and so push it back while reading the fine print. DON”T GO BUYING A PIG IN A POKE!


52 posted on 07/31/2011 6:22:37 PM PDT by princess leah
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To: hsalaw

Between the RINOS and the RATS in the House its a done deal. And they wonder why TEA Party wants to start a 3rd party.


53 posted on 07/31/2011 6:24:30 PM PDT by JessieHelmsJr (Tree hugging liberals call it global warming. We call it summertime.)
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To: Hillary's Folly

All I know is that douchebag Obama’s announcement wiped out the build reveal on Extreme Makeover.


54 posted on 07/31/2011 6:24:56 PM PDT by guido911 (Islamic terrorists are members of the "ROP", the "religion of pu*&ies")
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To: Free ThinkerNY

This has all been kaboki theatre. Until there is transformative changes in the US budget (entitlement reform and tax reform), nothing has been done that matters. A balanced budget ammendment could be a tool used to force transformative changes but, apparently no likes that idea.

In any case, the Tea Party folks got as much as they possibly could have got, so I give them credit. They moved the ball forward an inch and now we only have 10 more miles to go

I hope seriousness of the Tea Party is something the voters appreciate and want more of and not something they decide to kill off next election.

Either America is going to get its fiscal house in order or it the fiscal house will collapse and it’s that simple. In my opinion in this process, Obama was clueless, the GOP was a bit too chaotic (I’ll give them a pass since there were many rookies involved), and the senate simply protected the stauts quo.

Hang in there everyone! Keep supporting fiscal conservatives where ever you find them. By the way, libs can be fiscal conservatives too—even though we may disagree philosophically with them—and we may start to see more of them since the tax and spend type libs are being pushed out—hopefully. My point is a liberal with a calculator is better than a liberal with a credit card. Keep pounding the drum of smaller lesser intrusive government.


55 posted on 07/31/2011 6:25:19 PM PDT by Mustangman (The GOP)
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To: 2ndDivisionVet; SkyDancer; Travis McGee
http://www.LivingInThePhilippines.com

I'm thinking about it. Or maybe Australia or a sailboat in the Caribbean... ;)

56 posted on 07/31/2011 6:25:39 PM PDT by Errant
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To: Free ThinkerNY
‎"Compromise"? Hardly. They're all going to get just what they were after: TRILLIONS more borrowed funds to expend to try and get reelected.
57 posted on 07/31/2011 6:26:14 PM PDT by EternalVigilance (The only thing still propping up the GOP is the dwindling illusion that it's at all conservative.)
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To: IllumiNaughtyByNature

2 Trillion new spending today, cuts in never, never land with MJ.


58 posted on 07/31/2011 6:26:55 PM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
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To: All
Can someone remind me just how many trillion were spent in the past two years alone? Two trillion over a decade does not seem like a lot.
59 posted on 07/31/2011 6:27:11 PM PDT by Drrdot
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To: guido911

Bawhaha. now that’s funny.


60 posted on 07/31/2011 6:27:18 PM PDT by Hillary's Folly (Imagine there's no Hillary. It's easy if you try.)
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