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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Ok, great. Gives us more time to prep, purchase food, ammo, guns, etc.
aren’t we lucky?
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.
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.
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.
Is KY-jelly involved?
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.
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