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Washington just reached the mother of all budget deals of the Obama era
Business Insider ^ | 10/27/2015 | Brett LoGiurato

Posted on 10/27/2015 8:40:13 AM PDT by SeekAndFind

It's not the ever elusive "grand bargain."

But Washington may have solved almost all of its budget problems through the 2016 presidential election.

Congressional leaders and the White House came to tentative terms on a major budget deal in the wee hours of Tuesday morning — one that could stave off many of the fiscal land mines remaining through next year's election and beyond.

Its passage is far from certain, but it will most likely be the final act for House Speaker John Boehner (R-Ohio) before he leaves Congress at the end of the week and hands over the role to Rep. Paul Ryan (R-Wisconsin).

The agreement, which would last for two years, comes just days before Congress needed to raise the nation's debt ceiling to prevent a potential default on the country's obligations, according to the Treasury Department. And it comes a little more than a month before another potential government-shutdown showdown.

The deal could run into resistance from both parties' hard-line factions — conservatives are already grumbling about the accord, while some Democrats could push back against changes to Medicare and Social Security.

"We anticipate fierce resistance from conservative Republicans, but John Boehner knows how to get a deal done," said Greg Valliere, the chief global strategist at Horizon Investments. "His parting gift to Paul Ryan will be a package that should get just enough support from GOP lawmakers while winning a majority from Democrats. Boehner is loathed on the right, but what does he care? He's just a few days away from retirement."

Here's a brief look at some of what's included in the deal:

(Excerpt) Read more at businessinsider.com ...


TOPICS: Culture/Society; Front Page News; Government; US: Ohio
KEYWORDS: boehner; budgetdeal; debtceiling; fiscalcliff; gopestablishment; johnboehner; obama; ohio; rinos
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1 posted on 10/27/2015 8:40:13 AM PDT by SeekAndFind
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To: SeekAndFind
But Washington may have solved almost all of its budget problems through the 2016 presidential election.

"Solved" its budget problems? Is the deficit gone? Is the budget balanced? Is spending being reduced? What is the "solution" other than spending increases now and cuts later, which will be undermined in future budgets. This would be funny if it wasn't so damaging.

2 posted on 10/27/2015 8:42:36 AM PDT by Opinionated Blowhard ("When the people find they can vote themselves money, that will herald the end of the republic.")
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To: SeekAndFind
Add Vaseline to my shopping list today.
3 posted on 10/27/2015 8:43:02 AM PDT by AU72
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To: SeekAndFind

Only cuts in the rate of spending, a deal to get them through the election issue and focus on their favorite subject...

Themselves...

Bovine Scatology...


4 posted on 10/27/2015 8:43:07 AM PDT by 100American (Knowledge is knowing how, Wisdom is knowing when)
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To: SeekAndFind

Bonehead’s final F Y to American Conservatives.


5 posted on 10/27/2015 8:43:48 AM PDT by Redleg Duke (The Federal Government is nothing but a welfare program with a dress code!)
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To: SeekAndFind

Hard to get excited over ANYTHING that Washington puts forth. Nothing of value to America or its citizens has come out of Washington in a decade — just damage to our freedoms, our military strength, our economy, our image in the world, and the demographics of our nation. To name a few.


6 posted on 10/27/2015 8:45:06 AM PDT by EagleUSA
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To: SeekAndFind

Disfunction. Boehner’s era is the most Disfinctionate time in the House in my lifetime at least. They have now sold out the final two years to Obama and did not even allow the House to return to its traditional role as the body that leads the budgeting process. Top down only with the White House dictating and getting 90% of what it wants.

At this point I am not even mad. Just disgusted. At this point I want the Republican Party to burn down. No one in the party structure is worth a damn.


7 posted on 10/27/2015 8:45:06 AM PDT by ilgipper
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To: ilgipper

Lots of people are with you. If the GOPe kneecaps Trump they’ll be waking-up the morning after the election wondering where those 20 million voters had gone to.


8 posted on 10/27/2015 8:48:12 AM PDT by Buckeye McFrog
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To: Redleg Duke

Wait ‘till he pulls the MOTHER of all pardons prior to vacating OUR house, I predict it’s gonna make our heads spin.


9 posted on 10/27/2015 8:48:26 AM PDT by V_TWIN
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To: AU72



10 posted on 10/27/2015 8:49:36 AM PDT by Buckeye McFrog
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To: SeekAndFind

And America and Americans are raped again.


11 posted on 10/27/2015 8:50:12 AM PDT by mulligan (I)
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To: SeekAndFind

What good is the lying, EXEMPT GOP?

Good for payoffs, submission, treason, IRS atrocities,
and coverup of all the above.


12 posted on 10/27/2015 8:50:52 AM PDT by Diogenesis ("When a crime is unpunished, the world is unbalanced.")
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To: Buckeye McFrog

Exactly. And what’s surprising is that there are many people on this site that don’t get that.


13 posted on 10/27/2015 8:51:59 AM PDT by 3boysdad (The very elect.)
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To: Buckeye McFrog
...McCain told reporters Monday evening, "I think that we could move forward with this, it averts a shutdown, it puts any of these problems into two years from now..."
14 posted on 10/27/2015 8:59:03 AM PDT by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: SeekAndFind

Sounds like someone should read “the Art of the Deal”

This is a BAD Deal!!! For us the tax payers!!!


15 posted on 10/27/2015 9:09:54 AM PDT by EXCH54FE (Hurricane 416,Feisty Old Vet !!)
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To: SeekAndFind

Boner’s and the GOPe’s preemptive surrender.


16 posted on 10/27/2015 9:18:59 AM PDT by WMarshal (Either the mess gets fix or the Democrat Party and the Republican Parties will implode.)
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To: mrsmith

McCain is my senator and he is a worthless, ISIS-loving traitor. I just detest the fact that he was meeting with the head of ISIS when he was setting up the “Free Syrian Army”.


17 posted on 10/27/2015 9:23:39 AM PDT by WMarshal (Either the mess gets fix or the Democrat Party and the Republican Parties will implode.)
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To: mrsmith

McCain is my senator and he is a worthless, ISIS-loving traitor. I just detest the fact that he was meeting with the head of ISIS when he was setting up the “Free Syrian Army”.


18 posted on 10/27/2015 9:24:01 AM PDT by WMarshal (Either the mess gets fix or the Democrat Party and the Republican Parties will implode.)
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To: SeekAndFind

Well, this will certainly give Trump and Cruz something to talk about. And Jeb! is dead, dead.


19 posted on 10/27/2015 9:27:25 AM PDT by NewHampshireDuo
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To: SeekAndFind

They’re going to take our money AND our freedom.

We can thank them now. :)


20 posted on 10/27/2015 9:49:52 AM PDT by Tzimisce
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