Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
Navigation: use the links below to view more comments.
first previous 1-5051-100101-150151-152 next last
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
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 39 | View Replies]

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.)
[ Post Reply | Private Reply | To 2 | View Replies]

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")
[ Post Reply | Private Reply | To 47 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 33 | View Replies]

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.)
[ Post Reply | Private Reply | To 1 | View Replies]

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.)
[ Post Reply | Private Reply | To 3 | View Replies]

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
[ Post Reply | Private Reply | To 56 | View Replies]

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.)
[ Post Reply | Private Reply | To 54 | View Replies]

To: princess leah

The Live Thread says that Boehner is thrilled about how they “changed the terms of the debate” in Washington which is not good news.


61 posted on 07/31/2011 6:27:21 PM PDT by Miss Didi ("After all...tomorrow is another day." Scarlett O'Hara, Gone with the Wind)
[ Post Reply | Private Reply | To 52 | View Replies]

To: 2ndDivisionVet

Do you know anything about Belize?? lol It’s closer and I can make it by private plane with only one hop...


62 posted on 07/31/2011 6:27:42 PM PDT by Errant
[ Post Reply | Private Reply | To 33 | View Replies]

To: JessieHelmsJr

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!


63 posted on 07/31/2011 6:27:50 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
[ Post Reply | Private Reply | To 53 | View Replies]

To: IllumiNaughtyByNature

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!


64 posted on 07/31/2011 6:29:01 PM PDT by Shady (Capitalism works for men who do. Socialism works for men who don’t The numbers do not lie.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: no-to-illegals

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”


65 posted on 07/31/2011 6:29:19 PM PDT by wilco200 (11/4/08 - The Day America Jumped the Shark)
[ Post Reply | Private Reply | To 50 | View Replies]

To: guido911
You give me one good gd reason why this wasn't done a month ago. This isn't democracy...

Obama is nothing more than dictator.

66 posted on 07/31/2011 6:29:48 PM PDT by Sacajaweau
[ Post Reply | Private Reply | To 54 | View Replies]

To: Captain Peter Blood

67 posted on 07/31/2011 6:29:54 PM PDT by Errant
[ Post Reply | Private Reply | To 48 | View Replies]

To: IllumiNaughtyByNature

$2 a year for a trillion years....


68 posted on 07/31/2011 6:29:57 PM PDT by mikrofon (It might as well be...)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Shady

How about $10 to $15 Trillion over 10 years???


69 posted on 07/31/2011 6:30:02 PM PDT by Captain Peter Blood
[ Post Reply | Private Reply | To 64 | View Replies]

To: stillafreemind

Has huckster got a squirrels tail hanging out of his ear????


70 posted on 07/31/2011 6:30:15 PM PDT by org.whodat (What does the Republican party stand for////??? absolutely nothing.)
[ Post Reply | Private Reply | To 37 | View Replies]

To: Free ThinkerNY

Republican leaders are not telling us the truth, they are thieves just like the democrats......

Boenher has to go....

McConnell needs to go....


71 posted on 07/31/2011 6:30:20 PM PDT by stockpirate (Proud member of the TEA Party Hobbits.........remember the hobbits won the day)
[ Post Reply | Private Reply | To 1 | View Replies]

To: freedumb2003

since when did you start believing what Obozo says?

He lies all the time!


72 posted on 07/31/2011 6:30:28 PM PDT by Recovering Ex-hippie (where is the Great Santini when we need him??)
[ Post Reply | Private Reply | To 18 | View Replies]

To: Errant
I like the Philippines and Singapore for their all-around features and not having to learn Spanish. Almost everyone there speak at least some English. English is taught in their schools. Also they're very inexpensive compared to here, but both have an abundance of doctors, nurses, dentists, etc.
73 posted on 07/31/2011 6:30:52 PM PDT by 2ndDivisionVet (I'll raise $2million for Gov. Sarah Palin. What'll you do?)
[ Post Reply | Private Reply | To 62 | View Replies]

To: Errant

You got that right, so lets kiss and drive off that cliff!!


74 posted on 07/31/2011 6:31:06 PM PDT by Captain Peter Blood
[ Post Reply | Private Reply | To 67 | View Replies]

To: parksstp
Is “RINO” a legitimate term anymore?

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.

75 posted on 07/31/2011 6:31:23 PM PDT by af_vet_1981 (The bus came by and I got on, That's when it all began,)
[ Post Reply | Private Reply | To 38 | View Replies]

To: Captain Peter Blood

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.


76 posted on 07/31/2011 6:31:59 PM PDT by mrs9x
[ Post Reply | Private Reply | To 69 | View Replies]

To: Free ThinkerNY

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.


77 posted on 07/31/2011 6:32:51 PM PDT by parksstp (Articulate Conservatives look for Converts. RINO's look for Democrat Heretics.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: REDWOOD99

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.


78 posted on 07/31/2011 6:33:41 PM PDT by Recovering Ex-hippie (where is the Great Santini when we need him??)
[ Post Reply | Private Reply | To 29 | View Replies]

To: Errant

Am I John Galt?


79 posted on 07/31/2011 6:34:02 PM PDT by Twinkie (It's the STUPID SPENDING, Stupid!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: wilco200
There is NO deal? Not a single vote has been taken? What kind of crappy reporting are we watching?

This is the lame-stream media attempting to control the narrative. They want to create an air of "it's all settled" so if any Tea Party House members try to thwart it, they are immediately branded as buzzkillers.

Bastards all.
80 posted on 07/31/2011 6:34:08 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
[ Post Reply | Private Reply | To 65 | View Replies]

To: stockpirate

They fall for it every time.

81 posted on 07/31/2011 6:34:17 PM PDT by McGruff (Hold The Line!)
[ Post Reply | Private Reply | To 71 | View Replies]

To: IllumiNaughtyByNature

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 .....


82 posted on 07/31/2011 6:34:23 PM PDT by xrmusn ((6/98) We have got to get serious about 'retiring' the present House and Senate.)
[ Post Reply | Private Reply | To 15 | View Replies]

To: usconservative

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.


83 posted on 07/31/2011 6:34:27 PM PDT by hillarys cankles
[ Post Reply | Private Reply | To 40 | View Replies]

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

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.

84 posted on 07/31/2011 6:35:04 PM PDT by Mark17 (California, where English is a foreign language)
[ Post Reply | Private Reply | To 35 | View Replies]

To: parksstp
Is “RINO” a legitimate term anymore?

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.

85 posted on 07/31/2011 6:35:47 PM PDT by Fresh Wind ('People have got to know whether or not their President is a crook.' Richard M. Nixon)
[ Post Reply | Private Reply | To 38 | View Replies]

To: Twinkie

Am I?


86 posted on 07/31/2011 6:36:38 PM PDT by Errant
[ Post Reply | Private Reply | To 79 | View Replies]

To: Miss Didi
I remember how Boehner was trumpeting how much he cut in the last agreement, and, upon closer inspection, it ended up being peanuts. Based on this, I have no confidence in his pronouncements on this "deal".

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.

87 posted on 07/31/2011 6:37:03 PM PDT by Major Matt Mason (“I must confess, when I see anyone with an Obama 2012 bumper sticker, I recognize them as a threat")
[ Post Reply | Private Reply | To 61 | View Replies]

To: mrs9x

Absolutely. We need all 3 to get these back on track. And the first thing....get rid of Obamacare.


88 posted on 07/31/2011 6:37:39 PM PDT by Sacajaweau
[ Post Reply | Private Reply | To 76 | View Replies]

To: mrs9x
Doesn't really make any difference at this point as the Interest Expense on the Debt is what is critical.
As the debt keeps expanding, and at some point the downgrade will happen, interest rates as they go up increase our borrowing costs.
Finally we get to where all monies got to debt service, long before then we have to Default. No where out of the box.
89 posted on 07/31/2011 6:38:09 PM PDT by Captain Peter Blood
[ Post Reply | Private Reply | To 76 | View Replies]

To: Free ThinkerNY

We borrow $4B per day, and are cutting $4B per year?!?!?! WTF! Bring the Connie Mack Penny Plan up for a vote!!!!!


90 posted on 07/31/2011 6:38:09 PM PDT by SERKIT ("Blazing Saddles" explains it all......)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY
Sure, the deal is still not good enough to fix what ails, but my goodness, the liberals and democrats I know are LIVID with Obama and the DC Democrats. They completely think they got screwed, and that the GOP won this one.

Its funny, I dont know whose more despondent, Liberals or Freepers.

91 posted on 07/31/2011 6:39:23 PM PDT by Paradox (Obnoxious, Bumbling, Absurd, Maladroit, Assinine)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Free ThinkerNY

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


92 posted on 07/31/2011 6:39:32 PM PDT by wolfman
[ Post Reply | Private Reply | To 1 | View Replies]

To: parksstp
"I don’t even know if a third party would work.

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.

93 posted on 07/31/2011 6:40:27 PM PDT by Graneros ("It is no exaggeration to say that the undecided could go one way or another.")
[ Post Reply | Private Reply | To 38 | View Replies]

To: EternalVigilance
TRILLIONS more borrowed funds to expend to try and get reelected.

Not to mention push their agendas like Agenda21, Control of the Internet, ...)

94 posted on 07/31/2011 6:40:27 PM PDT by Errant
[ Post Reply | Private Reply | To 57 | View Replies]

To: MichaelNewton

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.


95 posted on 07/31/2011 6:41:32 PM PDT by 9YearLurker
[ Post Reply | Private Reply | To 44 | View Replies]

To: Free ThinkerNY

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.


96 posted on 07/31/2011 6:41:35 PM PDT by freedom1st
[ Post Reply | Private Reply | To 1 | View Replies]

To: hillarys cankles
"Our Children and Grandchildren are screwed."

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.

97 posted on 07/31/2011 6:41:48 PM PDT by Spunky (“To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abh)
[ Post Reply | Private Reply | To 83 | View Replies]

To: Paradox

That’s a good sign it’s a decent compromise, I just hope it’s enough to keep the wheels on the wagon.


98 posted on 07/31/2011 6:42:20 PM PDT by Future Snake Eater (Don't stop. Keep moving!)
[ Post Reply | Private Reply | To 91 | View Replies]

To: Founding Father
"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.

99 posted on 07/31/2011 6:42:30 PM PDT by The Theophilus (Obama's Key to win 2012: Ban Haloperidol)
[ Post Reply | Private Reply | To 32 | View Replies]

To: Mustangman

One of the few best postings I really like.


100 posted on 07/31/2011 6:44:35 PM PDT by Biggirl ("Jesus talked to us as individuals"-Jim Vicevich/Thanks JimV!)
[ Post Reply | Private Reply | To 55 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-5051-100101-150151-152 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson