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Reid to offer $2.5 trillion debt deal with NO TAXES?
Zero Hedge ^ | 7/24/2011 | CNN Twitter

Posted on 07/24/2011 2:37:05 PM PDT by SDShack

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To: SDShack

Remember, for Democrats, going from a 10% increase to a 5% increase is a “cut”.


81 posted on 07/24/2011 3:38:16 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: cranked

82 posted on 07/24/2011 3:42:28 PM PDT by MaxMax
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To: SDShack

Who is Tyler Durden and why should we believe hin? This site is a blog.


83 posted on 07/24/2011 3:45:03 PM PDT by Jean S
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To: kristinn
And it would allow Congress to extend the debt limit through the end of next year—a $2.5 trillion increase—while meeting Mr. Boehner's condition of having an equal amount of spending cuts.

I don't understand. Does this mean they extend (increase) the debt ceiling until the end of next year? Does it go back down at that time? Does "end of year" mean fiscal year so the lie is exposed before the 2012 election?

Smoke mirror circus

84 posted on 07/24/2011 3:45:45 PM PDT by hattend (Its a matter of public record that I did not go to Harvard Law School, but I can add. - Sarah Palin)
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To: RummyChick
Right. I read in the update from McCarthy:

He lost his cool the other night because he knows he won’t get what he wants if we remain united.”

His entire 'fundamental change' plan for America depends on this, as well as his fund raising. He's void of negotiaing skills.

Doing it by Executive order is the ultimate temper tantrum

85 posted on 07/24/2011 3:47:37 PM PDT by Pebcak
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To: SDShack
About time. It will be interesting to see what he comes up with. Finally, we get to see what the Dems would do to reduce spending. You can bet there will increased taxes and major cuts in defense. Entitlements won't be touched. And the spending cuts will be made years from now.

And the baseline will interesting since the Dems increased discretionary spending by 24% over the past two years. Lots of smoke and mirrors, but at last we will have something to compare our plan with theirs. Should make for some interesting discussions. Let the games begin.

86 posted on 07/24/2011 3:50:15 PM PDT by kabar
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To: Ronald_Magnus

That made my day!!!


87 posted on 07/24/2011 3:50:21 PM PDT by cardinal4 (Sun-Tzu/Atilla 2012)
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To: SDShack

It’s fake “cuts” like the last deal Obama cut with Bohner.


88 posted on 07/24/2011 3:51:07 PM PDT by SaraJohnson
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To: Jean S

Dang..just go read the reporters twitter feed if you don’t believe it.

Btw, one of the persons who broke the Gunwalker story posts and continues to post on a Blogspot.


89 posted on 07/24/2011 3:51:27 PM PDT by RummyChick
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To: RummyChick
Anyone can tweet anything. I think I asked a reasonable queston.
Who is Tyler Durden?
90 posted on 07/24/2011 3:54:37 PM PDT by Jean S
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To: SDShack
Reid's plan would surely cut the military to the bone tomorrow and cut everything else when time is kept in star dates. Obama and Reid will not put their name on any plan that immediately cuts spending. They will leave it to the House, and then bemoan any cuts as mean-spirited Republican actions through 2012. They are w/out balls, whatsoever.
91 posted on 07/24/2011 3:56:57 PM PDT by Shqipo (I am the unofficial originator of the Mega-Bump! Only use judiciously.)
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To: hattend

The debt ceiling never goes down. The entitlement programs are the biggest driver of our debt. 51% of Medicare expendiutres come from the General Fund. And with 10,000 baby boomers retiring every day from now to 2030, these costs will balloon and consume by that time at least 20% of the total federal budget.


92 posted on 07/24/2011 3:59:23 PM PDT by kabar
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To: Jean S

Like I said GO TO THE CNN REPORTER’S TWITTER FEED.


93 posted on 07/24/2011 4:01:01 PM PDT by RummyChick
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To: SDShack

If so, the GOPers must read. digest and vet every single word. TAKE NOTHING AT FACE VALUE!!! The dems are wired for treachery, so make absolutely sure there`s no gimmickry.


94 posted on 07/24/2011 4:09:40 PM PDT by ScottinVA (As a party that gives Obama what he wants, what again is the GOP`s 2012 selling point?)
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To: RummyChick

You’re wasting my time. I asked a simple question that you don’t seem to be able to answer. Who is Tyler Durden?


95 posted on 07/24/2011 4:11:00 PM PDT by Jean S
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To: Jean S

The point being..YOU DO NOT HAVE TO BELIEVE TYLER DURDEN. GO READ THE REPORTER’S TWEET THAT HE WAS POSTING.


96 posted on 07/24/2011 4:16:12 PM PDT by RummyChick
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To: Politically Correct
all the cuts are in 2039

My greatest fear is the GOP will fall for this sort on nonsense. What counts are cuts in 2012 and 2013. That's all you can take to the bank.

97 posted on 07/24/2011 4:16:39 PM PDT by InterceptPoint (w)
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To: Jean S

or hey, why don’t you google instead of asking people

http://en.wikipedia.org/wiki/Zero_Hedge

You might see things like this:

“Zero Hedge is an American financial blog. It reports on Wall Street and the financial sector and is credited with bringing the controversial practice of flash trading to public attention in 2009 via a series of posts alleging that Goldman Sachs’ access to flash order information allowed the firm to gain unfair profits. “


98 posted on 07/24/2011 4:18:03 PM PDT by RummyChick
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To: RummyChick

lol, wikipedia, the most reliable source on the internet.


99 posted on 07/24/2011 4:27:33 PM PDT by Jean S
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To: Jean S

wow, you don’t know how to do your own research. Why ask people.Find out for yourself.


100 posted on 07/24/2011 4:30:34 PM PDT by RummyChick
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