Obama, Congress reach a debt deal

Associated Press ^ | July 31, 2011 | DAVID ESPO

[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.

[hsalaw]

Oh, so now it’s OBAMA’s deal? Where’s he been for the last week?

[IllumiNaughtyByNature]

$2 trillion in long-term spending cuts.

WTF?

[Pearls Before Swine]

Oh, so now it’s OBAMA’s deal? Where’s he been for the last week?

Maybe he's been the puppeteer pulling Reid's strings. OTOH, maybe he's just been golfing.

[tsowellfan]

And it’s Europe’s war in Libya until there’s a victory. Then it’s Obama’s.

[buccaneer81]

We’ve been sold out just as I knew we’d be.

[Carling]

This can't be true, can it? Even the congressional Dems are questioning OBummer’s leadership. If McConnell and Boehner fold, they have just destroyed not only their careers, but also their own party.

[Errant]

[buccaneer81]

$2 trillion in long-term spending cuts.

Nope. ONE trillion. By a "committee" that doesn't even exist.

We got screwed.

[SharpRightTurn]

“$2 trillion in long-term spending cuts.”

Spend now, let the grandkids pay later.

Anything to get past the next election.

Real statesmanship, huh?

[madprof98]

LONG-term??? Forgotten next week, if not sooner.

[Bobby_Taxpayer]

AND he is on his balanced more taxes BS! Watch out Pubies, Its a trick!

[paul revere is riding]

the cuts are to the Pentagon and Medicare

[IllumiNaughtyByNature]

yes, because no congress has to abide by a previous congress’ budgets. EPIC FAIL unless Boehner can pull something out of his ass other than the DEM dildo they've been assaulting him with.

[Psycho_Bunny]

More treason.

[IllumiNaughtyByNature]

yes, because no congress has to abide by a previous congress’ budgets. EPIC FAIL unless Boehner can pull something out of his ass other than the DEM dildo they've been assaulting him with.

[freedumb2003]

as soon as barry the zero said the magic term “their fair share” I knew the Republicans had caved.

[EDINVA]

I ALMOST turned the tv on, but not that anxious to see POTUS taking credit for what he didn’t do .. AGAIN. Will follow FR for what’s really going on.

[Dem Guard]

Practicing posing.