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Boehner Tells GOP He Will Unveil New Debt Strategy [Short-Term Debt Extension]
Washington Post ^ | July 22, 2011

Posted on 07/23/2011 2:03:38 PM PDT by Steelfish

Boehner Tells GOP He Will Unveil New Debt Strategy

By Lori Montgomery, Paul Kane and Renae Merle

July 23 House Speaker John A. Boehner told his troops Saturday that he hopes to roll out a two-step strategy within the next 24 hours for raising the federal debt ceiling to avoid roiling Asian financial markets when they open Sunday, according to several participants in the conference call.

In the call with his House GOP colleagues, Boehner (Ohio) said he still hopes to slice as much as $4 trillion out of the federal budget over the next decade, despite the collapse of talks with President Obama on Friday over a bipartisan “grand bargain” to restrain the nation’s debt.

Top Republican aides said Boehner envisions a short-term extension of the debt limit that would include spending cuts that meet or exceed the debt limit increase. That would be paired with a strategy for finding additional savings. Options include a new super committee of the sort proposed by Senate Majority Leader Harry M. Reid (D-Nev.). Another option would be to tell existing legislative committees to make policy changes over the next few months aimed at meeting the savings targets.

In the call, Boehner stressed that the path forward would be a new plan, not a proposal offered earlier this month by Senate Minority Leader Mitch McConnell (R-Ky.) to authorize Obama to raise the debt limit on his own, without explicit congressional approval.

Freshman Rep. Blake Farenthold (R-Tex.) confirmed that Boehner was open to a short-term deal that would allow more time to solve the problem, but added that Republican leaders remain worried that even a temporary lift of the government’s borrowing authority would fail on the House floor.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Society
KEYWORDS: boehner; boehnercaves; debtceiling; debtlimit; rinos; supercommittee
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To: Steelfish

Be careful to draw any conclusions just yet. Look at the source of this story.


21 posted on 07/23/2011 2:25:44 PM PDT by Rational Thought
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To: Steelfish

And will he (and the media) ever ask Obama and Reid for their plans?


22 posted on 07/23/2011 2:27:02 PM PDT by oldbill
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To: GeronL
Still pushing the "over the next decade" scam

I agree. What's wrong with NOW?

23 posted on 07/23/2011 2:27:02 PM PDT by truthkeeper (Vote Against Barack Obama in 2012!)
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To: Cheetahcat

24 posted on 07/23/2011 2:28:32 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: Steelfish

Meet or exceed the debt limit increase.

Sounds like boner is scared. I guess Timmy called him and told him just how bad it’s going to be and he’s caving. I hope I’m wrong. ‘Cause from what I’ve been seeing the credit rating is going to get downgraded anyway.


25 posted on 07/23/2011 2:30:23 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: GeronL

LMAO Good one,thanks I needed the laugh!


26 posted on 07/23/2011 2:30:40 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: oldbill
Via Twitter:

@DanRiehl DanRiehl MT @markknoller: Reid just issued statement that lk Pres Obama, he will not support any short term increase in the debt limit.

27 posted on 07/23/2011 2:30:56 PM PDT by Rational Thought
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To: Steelfish

I’d be OK with a Debt Limit raise - if and only if the monies would be expended on Social Security (Including Medicare/Medicaid) and military pay and no other purpose.


28 posted on 07/23/2011 2:31:52 PM PDT by Keith in Iowa (Hope & Change - I'm out of hope, and change is all I have left every week | FR Class of 1998 |)
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To: tennmountainman
Wimpy always got his hamburger today by promising to pay on Tuesday. Trusting rats to pay in 10 years is insanity. Boner, don't go there. Cash (cuts) on the barrel head today or NO deal.
29 posted on 07/23/2011 2:34:22 PM PDT by JPG (Palin '12)
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To: Steelfish
Via Twitter:

@toddstarnes toddstarnes BREAKING: Congressional leaders - GOP & DEM to meet in Boehner's office at 5:30p.m. tonight.

Well, something is up.

30 posted on 07/23/2011 2:35:59 PM PDT by Rational Thought
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To: Migraine

A package of spending cuts w commensurate cuts in spending is the place to start, but some revenues will be tacked on by the Senate I via tax reform or other trigger - once spending cuts have been implemented for FY 12.

Boehner has now usurped the President of the US as the adult in the room; he has to prove the GOP can govern.

Bottom line: BO doesn’t get it, but Senate Dems are waking up that their spending spigot is over, and that their Keynesian nonsense is headed to the ash heap of history.

BO screwed up badly, put himself into a lose-lose. If he obtains a credible deal, he loses his base. If he secures a phony deal, our credit is downgraded and he owns the economic contraction.

Thank God that Standard and Poors came thru this week for the GOP, or God knows where we’d be. People need to remember that SOB Bernanke gave BO and the RATS a green light for more spending in FY 12, which badly hurt the GOP.


31 posted on 07/23/2011 2:36:00 PM PDT by mwl8787
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To: Cheetahcat
If this guy was negotiating for me,I would jump off a bridge.

Hate to break it to you, but that would be one of the options he put forward in negotiations.

32 posted on 07/23/2011 2:36:39 PM PDT by theDentist (fybo; qwerty ergo typo : i type, therefore i misspelll)
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To: Steelfish

“That would be paired with a strategy for finding additional savings.”

Here’s a set of books Congress could buy to find additional savings:

Matthew Lesko ‘s Free Government Money And Government Grants Library

http://www.booksbylesko.com/


33 posted on 07/23/2011 2:39:06 PM PDT by radioone (How Can an Obscure Guy Who Did Diddly Squat in the Senate Become President?)
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To: ziravan

AMEN!

From the way obama was acting yesterday it’s apparent he’s scared half to death.

The tea party congress folks should say “We are voting the way our constitutients sent us here to vote. What’s so hard to understand about that?”


34 posted on 07/23/2011 2:39:52 PM PDT by Terry Mross (I'll only vote for a SECOND party.)
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To: truthkeeper

We WILL get immediate FY 12 spending cuts.

All this bashing of Boehner is premature. He knows that a sham deal won’t pass the House. Second, he stood up to BO in the face of immense hostility and has held his ground today, as well.

If he can pull this off, Boehner is proving that BO is juvenile, rash, inept, and a total fraud.

Reid will have to swallow a short term deal, notwithstanding his “tweet” to the contrary. If he won’t, then the RATS will own the shutdown.

I am VERY encouraged.


35 posted on 07/23/2011 2:42:38 PM PDT by mwl8787
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To: Steelfish

Boner needs to take the original CC&B bill and modify it. Double the cuts, Cut the cap by 5%, and then pass it. Send it to the Senate and Howdy Dowdy with a “Take it or Leave it message and then send the house home until they pass it. ....red


36 posted on 07/23/2011 2:43:05 PM PDT by rednek ("Light travels faster than sound. This is why some people appear bright until you hear them speak.")
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To: theDentist
“If this guy was negotiating for me,I would jump off a bridge.

Hate to break it to you, but that would be one of the options he put forward in negotiations.”

I believe that!

We need a soviet style negotiator and got Pee wee Herman! Boner has no grasp of the seriousness of our predicament,Apparently ,Nice went out the window when that Kenyan pinko was elected and started on the destructive rampage!

37 posted on 07/23/2011 2:44:56 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: KC_Lion
FIGGIN' CAVE!!!!!

Boehner has always maintained that he would work to raise the debt ceiling as long as he got cuts equal to the increase with no tax rate hikes.

So, where's the, um, FIGGIN' cave?

38 posted on 07/23/2011 2:46:54 PM PDT by BfloGuy (The final outcome of the credit expansion is general impoverishment. -- L. Von Mises)
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To: Steelfish

http://www.nooooooooooooooo.com


39 posted on 07/23/2011 2:48:46 PM PDT by neodad (Don't Tap, Just Drill!)
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To: BfloGuy

“FIGGIN’ CAVE!!!!!

Boehner has always maintained that he would work to raise the debt ceiling as long as he got cuts equal to the increase with no tax rate hikes.

So, where’s the, um, FIGGIN’ cave?”

If you make the spending cuts, there is NO logical reason to raise the ceiling!


40 posted on 07/23/2011 2:50:08 PM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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