Skip to comments.Obama, Congress reach a debt deal
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.
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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.
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!
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.
All I know is that douchebag Obama’s announcement wiped out the build reveal on Extreme Makeover.
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.
I'm thinking about it. Or maybe Australia or a sailboat in the Caribbean... ;)
2 Trillion new spending today, cuts in never, never land with MJ.
Bawhaha. now that’s funny.
The Live Thread says that Boehner is thrilled about how they “changed the terms of the debate” in Washington which is not good news.
Do you know anything about Belize?? lol It’s closer and I can make it by private plane with only one hop...
I wonder what boner would say if the tea party congress folk went to him and told them they were going to start a third party and vote nancy as speaker. Talk about going on a crying jag!
With baseline budgeting raising spending by probably $5 Trillion over the 10 years, the cuts are MOOT AND FAKE!
Vote them all the hell out!
There is NO deal?
Not a single vote has been taken?
What kind of crappy reporting are we watching?
Hopefully this will go down in flames like every other halfbaked “deal”
Obama is nothing more than dictator.
$2 a year for a trillion years....
How about $10 to $15 Trillion over 10 years???
Has huckster got a squirrels tail hanging out of his ear????
Republican leaders are not telling us the truth, they are thieves just like the democrats......
Boenher has to go....
McConnell needs to go....
since when did you start believing what Obozo says?
He lies all the time!
You got that right, so lets kiss and drive off that cliff!!
Yes, it refers to someone who purports to be a Republican but does not support the party frequently enough. It is continually misused in this forum by people for whom semantics were an option when they learned English.
People need to get a grip on reality. As long as Obama and Reid control the presidency and the Senate, there is not going to be a solution to the long-term spending problem.
It will have the votes. Pelosi/Hoyer will ensure enough Dems vote for it, which will allow an increase in the number of GOP defectors without issue.
Plus, I’m just going to put this out here now. We all know a consensus on this other 1.8 trillion isnt coming by Thanksgiving. When it doesn’t happen, the Dems will blame GOP for both the mandatory cuts to Medicare and Defense. Since Boehner has already shown he is weak-kneeed, they’ll pass something in November to prevent these “mandatory” cuts from taking place when an agreement isn’t reached.
for many posters...they have already given up..’what’s the point “ they say..we lost. it will never get better, blah, blah.
Rush was right. conservatives still buy into a belief they are losers. and it sure gets heard here...”It’s hopeless”.
You are right...we got work to do...for those who want to not give up.
Am I John Galt?
They fall for it every time.
unless Boehner can pull something out of his ass other than the DEM dildo they’ve been assaulting him with.
= = = = = = = = = = = = = = = = = = = = = = = = = = = = = =
It is no longer assault once the receiver begins to like it and asks for more .....
Our Children and Grandchildren are screwed.
I was just thinking this while checking in on my sleeping daughter. What the hell have we sentenced them to? What kind of country are they gonna have when we’re gone? I want her to have a better life than mine and I think she is gonna have a harder time because of all the debt we are saddling them with. It’s depressing. Sometimes I have to check out and turn off ALL the news just to hold onto some semblance of sanity.
You are correct sir. Sooner or later, it will spill into the streets, just like Greece and other places. I am sure you're keeping your powder dry.
I've been wondering that myself. Since the Republican Party has become nothing more than Democrats Lite, the few true conservatives in the party might, in fact, be the real "RINOs" now.
In any event, as you say, we're screwed.
FWIW, I just looked at Twitter, and this deal is not trending. I honestly think most Americans don't care about this. Obama (and Boehner) may end up being sorely disaapointed.
Absolutely. We need all 3 to get these back on track. And the first thing....get rid of Obamacare.
We borrow $4B per day, and are cutting $4B per year?!?!?! WTF! Bring the Connie Mack Penny Plan up for a vote!!!!!
Its funny, I dont know whose more despondent, Liberals or Freepers.
The US govt still plans to spend 2 trillion dollars a year, every year, more than it takes in. Where is the difference coming from? Borrowed from the Chinese. If they stop lending us [=stop buying our treasuries], do you think the govt will stop spending? We all know the answer, as announced by Ben Bernanke very publicly. We will have QE2, then QE 3,4,5 etc. Which means printing mountains of money, which means hyperinflation, which means collapse of our economy
At this point a separate Tea Party is the ONLY way to go. If they lose at least our votes weren't thrown away. We will have voted for the right thing. Voting Republican is simply meaningless now. They're not called the stupid party for nothing. The Dems have got to be laughing their butts off right about now.
Not to mention push their agendas like Agenda21, Control of the Internet, ...)
Here’s a detail for you. The bill includes a grand total of $4B in supposed cuts next year, which is pretty much the only timeframe this congress can influence re: cuts anyway.
I won’t believe a deal’s been reached until it passes The House. Obama has claimed a deal has been reached in the past when there wasn’t a deal. BO lies.
I hate to say it, but most of the young ones I see don't care a rats ass about anything except don't take away their cell phones, game boys, and facebook.
That’s a good sign it’s a decent compromise, I just hope it’s enough to keep the wheels on the wagon.
"Speaker Cave-In, we got 98% of what we wanted.
Remember, the Speaker got "we" want. The definition of "we" is "The Ruling Class" or "The Progressives". The Speaker is telling the truth, the ruling class got 98% of what they wanted, Americans got the shaft.
Primary out the traitors.
One of the few best postings I really like.