Stand your ground men.
Posted on 07/25/2011 12:29:07 PM PDT by SeekAndFind
For a day that was supposed to be full of drama, fury, margin calls and overall bloodshed, newsflow is so boring, for a second we wanted to demand our money back from management, or the kleptocracy, whoever it is that prints these things nowadays. However, some excitement may yet be salvaged now that Boehner has just called for a news conference precisely on the closing bell at 4pm. We assume this will be to present details of his two-tiered plan, which we touched upon earlier, and which Fox News now provides some additional details on.
Suffice to say, if Obama were to accept the terms contained herein it would be complete embarrassment for the head executive, as Boehner is literally demanding everything, up to and including a balanced budget amendment, that Obama swore he would not cede.
Per Fox' Chad Pergram:
The approach was received from a senior GOP leadership aide and reads as follows:
Two-Step Approach to Hold President Obama Accountable
Republicans insisted if the President wants his debt ceiling increase, the American people will require serious spending cuts and reforms. This two-step approach meets House Republicans' criteria by (1) making spending cuts that are larger than any debt ceiling increase; (2) implementing spending caps to restrain future spending; and (3) advancing the cause of the Balanced Budget Amendment - without tax hikes on families and job creators. While this is not the House-passed "Cut, Cap, & Balance," it is a package that reflects the principles of Cut, Cap, & Balance. Here is more information on the plan:
--Cuts That Exceed The Debt Hike. The framework would cut and cap discretionary spending immediately, saving $1.2 trillion over 10 years (subject to CBO confirmation), and raise the debt ceiling by less - up to $1 trillion.
--Caps To Control Future Spending. The framework imposes spending caps that would establish clear limits on future spending and serve as a barrier against government expansion while the economy grows. Failure to remain below these caps will trigger automatic across-the-board cuts (otherwise known as sequestration).
--Balanced Budget Amendment. The framework advances the cause of the Balanced Budget Amendment by requiring the House and Senate to vote on the measure after October 1, 2011 but before the end of the year, allowing the American people time to build sufficient support for this popular reform.
--Entitlement Reforms & Savings. The framework creates a Joint Committee of Congress that is required to report legislation that would produce a proposal to reduce the deficit by at least $1.8 trillion over 10 years. Each Chamber would consider the proposal of the Joint Committee on an up-or-down basis without any amendments. If the proposal is enacted, then the President would be authorized to request a debt limit increase of $1.6 trillion.
--No Tax Hikes. The framework included no tax hikes, a key principle that Republicans have been fighting for since day one.
Seems they have finally decided to call 0’s bluff.
Unless he’s going to announce that somehow he’s managed to grow a spine,I’m not interested.
There is always the possibility that the administration will publish the real unemployment, growth and inflation numbers and blame the ugliness on the Republicans...
The older I get, the more cynical I become...
Thanks!
Seems like he understands we have 3 branches of government and only one of them is LEGISLATIVE.
Assuming the House will not consider whatever sham bill Reid is cooking up, this will leave Dems with two options: support this one and deal with it again mid-2012 in election year, or just un-table CCB in the Senate and vote it in, thus getting past the next election.
Never stop fighting until the opponent is no longer a threat. Obama/Osama is a total wimp and standing on his own here. No where to hide. Breaking down little a little girl.
Stand your ground men.
“Save the drama, for your mama!”
Well, this certainly is interesting, but first it’s time to play “You Bet Your Life!”
I just can't wait for the triumphant moment when Obama takes credit for everything.
Anybody who still watches the evening news—very few, I know— be sure and turn the volume way down low. The squealing which will come forth from these outlets after Boehner’s presser will blow out your speakers.
The speaker better grow a pair or he is gone..
The Leaders of the House...Boehner, Cantor & Co...realized last week the whole deck of cards are in their hands. So they are standing tough...TRUTH ALWAYS WINS.
Hannity is saying that Boneheads plan does not include immediate spending cuts, but forming another of many Blue-Ribbon commission to decide “future cuts”.
Another CR Deal Reduex. More money upfront, spending cuts that will never materialize. Not liking what I’m hearing.
This is the same old shell game, mark III, mod 5. When are you and the rest of the people going to wise up to this chicanery? A 'Super-Congress', forsooth? Hah!
And that's not even to mention the unconstitutionality of Bonehead's "plan".
Bah!
(But do say 'hi' from me to eeevil, wontcha!)
Here ya go, John. Don't get wobbly.
CAREFUL! NEVER underestimate the willingness/ability of Republicans to puss out!!!
Boehner and GOP members on TV now.
They are talking around what their plan contains, but they aren’t giving many details.
Where’s the BEEF?
What does this thing contain?
We don’t need another Pelosiscrewyou plan that Congress has to pass before we know what is in it.
The truth is that until we have a REPUBLICAN PRESIDENT in there to replace the Marxist thief, anything that actually passes WILL be, at best, a crap sandwich.
If we can just hold down the fort until November of next year it will be quite the victory.
Flame on!
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